Nevertheless, when you put it all together, one realizes that | Bearmageddon - Install from Telaviv.org

Nevertheless, when you put it all together, one realizes that the outsourcing of the economy has essentially ensured a deflationary outcome. As the U.S. fiscal deficit grows, the trade deficit grows in direct correlation. The U.S. is importing deflation from Asia. Which is why Biden's stimulus will have no long-term inflationary effect. The money is heading straight back to China where it originated.

In addition, at the peak of the largest asset and credit bubble in human history, owning any risk asset at this juncture is a dangerous proposition. There will be plenty of gold and stocks puked back onto the market during the global margin call.

Gold is warning us that inflation is a hoax. Those who don't heed that warning will soon realize that they were only renting exorbitant ignorance all along.