Notes From Gordon: Fed Throws Shade On Trump Over Tariffs

From the article by Martin Armstrong: “The Fed is terrified of crashing the bond market if it hikes too fast, and equally terrified of sparking a dollar collapse if it cuts too soon. Government debt is no longer viewed as a safe haven. the sovereign debt crisis cannot be ignored for much longer… [it] will implode like a nuclear bomb the likes of which we have never witnessed.”

A Note From Gordon: Other than maintaining a modest balance in a local checking account to cover monthly recurring bills, I exited the electronic debt money banking system long ago. No savings accounts and no CD’s.

As for investments, real assets only. Which means no 401k and no IRA. I don’t do business with thieves who can change the rules without notice and Congress is full of them.

Remember that the last act of any empire is to loot the treasury. Congress has been eyeing the trillions of dollars in tax-deferred retirement plans for years now and I have no doubt they’ll get their hands on that money somehow. No one knows exactly how they’ll pull it off, but you should expect history to repeat.

A Golden Point To Ponder

Gold has outperformed the U.S. stock market by 99% over the past 25 years. That’s almost double what most 401ks produced. When Gordon Phillips Academy launches (soon) I’ll explain to students exactly how to take advantage of the anticipated huge rise in gold when World War III gets fully underway.