Via SchiffGold.com,
Peter Schiff appeared on RT Boom Bust on Tuesday (Sept. 17) to talk about interest rates, gold and the dollar. Peter said the fiat currency system may not survive the next recession.
Peter Schffは９月１７日にRT Boom Bustで金利、ゴールドそしてドルについて語った。Peterが言うには、次の景気後退で管理通貨は生き残れないだろう、と。
The conversation started focusing on the repo operations conducted by the Federal Reserve early in the week, Peter said the financial media and Wall Street are being much too complacent about what’s going on.
Peter noted that the Fed has been artificially suppressing interest rates, particularly since the 2008 financial crisis.
Peterが言うには、FEDは人工的に金利を抑圧してきた、特に２００８年の金融危機以来だ。
And by keeping interest rates artificially low, they have created a
bubble that’s much bigger than the one that popped in 2008. And what
happened this morning is you could see the air coming out of that
bubble, because the market is trying to bring interest rates higher
because we have no real savings in this country. We have enormous debt. Everybody
is levered up to the max — government, the private sector, business,
consumers — because rates have been so low, we’ve borrowed so much money.
The market wants interest rates to be higher but the Fed doesn’t want
that to happen because the road back to normal interest rates is a very
bumpy one because it’s going to take us right through another financial
crisis. So, the Fed is trying to keep interest rates artificially low
and they almost lost control of it this morning. “
In effect, the Fed created about $50 to $70 billion out of thin air to supply the liquidity that the market needed.
実際には、FEDは＄５０Bから＄７０Bの資金を無から生み出し市場の要求に応じて流動性注入を行った。
But what happens next time? What happens if we need $100 billion? What happens if we need a trillion? Because
eventually, we will. Eventually, the Fed has to choose between
destroying the dollar and allowing the market to bring interest rates to
a level that makes sense for an economy with this much debt. Then all
hell breaks loose because we have a much worse financial crisis than the
one we had in ‘o8.”
Peter said as far as the Federal Reserve goes, we are heading toward a
recession, but the cure for what ails us is not cutting interest rates.
He said we need to go through the recession and higher rates are part
of the cleansing process.
But the Federal Reserve has no stomach for doing what’s right, so,
they will cut interest rates becuase that’s what the addicts on Wall
Street demand. So, we’re not going to have a real recovery. We’re just going to try to maintain this bubble.”
Peter reiterated what he’s been saying for months. The Fed will go
back to zero. It might even go negative. It will launch another round of
QE. But it won’t work this time.
They also discussed what Peter has called a very violent move in the bond market. Peter said the real problem is in the long end of the market where 30-year yields are barely above 2%.
Who in their right mind would loan the US government money
for 30 years — you’re not getting your money back for 30 years — at 2%
coupons for the next 30 years, waiting to get repaid?”
Peter touched on recent charges brought against JP Morgan employees
relating to the manipulations of the gold price. He said price
manipulation isn’t the reason the price of gold is relatively low.
It’s not much higher because too many people don’t understand what’s
going on. You know, they have confidence in the Federal Reserve, other
central banks. They believe in this bubble. They are as fooled
now as they were going into the 2008 financial crisis. The difference
was they were bailed out last time. As wrong as all the experts
were on Wall Street and in other countries who couldn’t see an obvious
crisis coming, when they were blindsided, their pals at the Federal
Reserve and other central banks were able to bail them out. It’s
not going to work this time. It doesn’t mean the central banks won’t
try. But as I said, it won’t succeed. They’re going to destroy the
dollar in the process, maybe even bring down the entire fiat monetary
system. And gold is already rising. Gold is telling you on the
ashes of this old system we’re going to resurrect the gold standard.
Because that’s what we had prior to the dollar taking over. We had a
much sounder monetary system then. We had a more viable global economy. Once
we took the money out of the economy, once we substituted real money
for fiat, that was the beginning of these problems and the end of these
problems is going to be returning to honest money, which is gold.”
現在のCPI推移をみるとFEDの言う２％目標に収まりそうにはありません。実際現在の金利政策はまだ緩和的で、政府の大判振る舞いもあり、M2はコロナ騒動以前のトレンドを大きく超えたまま漸増し始めています。大統領選挙もあり、パウエルは今後利上げはないと言明しており、利下げ期待が高まっています。 In Gold We Trust 2024（２０ページ目）では１９７０年代のインフレ推移と現在２０２４年のインフレ推移を重ね、もっと大きなインフレがこれから来そうだと示唆しています。 https://ingoldwetrust.report/in-gold-we-trust-report/?lang=en 当時は数年間でゴールド価格は７倍になりました。直近のCPIのピーク値と比べると、今回は次のピーク、今後数年、でゴールドが５倍程度になることが期待されます。 ミシガン大学の調査ではインフレがFED目標の２％に落ち着くと期待されず、最近では期待値が増え始めています。
Global Warming Fraud Exposed In Pictures by Tyler Durden Tue, 10/01/2019 - 12:25 Authored by Mike Shedlock via MishTalk, Climate change alarmists have convinced the public something must be done now. The reports are easily debunked as fraud ... 気候変動主張者たちは今行動を実行せねばと確信している。その手の報告書はでたらめだということが簡単に解る・・・・ My Gift To Climate Alarmists 気候変動活動家への贈り物 Tony Heller does an amazing job of showing how the fraud takes place in his video entitled My Gift To Climate Alarmists. Tony Heller は素晴らしい仕事をした、このビデオを見ると彼らの主張が如何にでたらめかということがよく分かる、そのタイトルは My Gift To Climate Alarmists。 The video is only 12.51 minutes long. このビデオはわずか１２．５１分しかない。（訳注：画像・動画がいっぱいで英語がわからなくても理解できる） Cherry Picking 例を上げると Heatwaves increasing since 1960 熱波発生は１９６０年以降増えているという Arctic ice declining since 1979 北極海氷は１９７９年以来減っているという Wildfires increa...
