Ominous sign - The Economist promotes gold

[Bern]

...
Now imagine the world economy goes into a tailspin. There is panic selling of risky assets. Where should you seek safety? Cash is the most liquid asset; but which kind? The dollar is a natural focal point. Yet America’s fiscal indiscipline and its sizeable current-account deficit might give pause. Other currencies have their faults, too. There is one other destination you might consider, if only because others are starting to think the same way. And that is gold.
...

https://www.economist.com/finance-an...-case-for-gold

I think this is an ominous sign. In the fallout of the 2007/2008 crisis, there was all kinds of talk amongst the Davos/G20 crowd about different ideas/plans for a NWO monetary system. That talk seems to have faded away as ZIRP (and, in some places, NIRP) seemed to stabilize the system.

Today, we have credit bubbles/stresses growing everywhere - zombie firms/junk bonds, consumer credit debt, headwinds for future treasury issuances, etc. The main global financial institutions (BIS, IMF, Fed, etc.) have all published warnings about the lack of powder to manage the next financial crisis. Still, we don't see chatter about any NWO monetary systems. Has the issue been decided? Or is the world too polarized now with all the nationalist political movements?

Maybe I missed something, but it really seems like they are getting the word out - the next crisis will be unmanaged, protect yourself with gold. It's going to be a bumpy ride.

[devil21]

http://www.ronpaulforums.com/showthr...-money-is-done

[oyarde]

Oyarde thinks gold has a bright future .

[Zippyjuan]

Oyarde thinks gold has a bright future .

[devil21]

https://www.economist.com/finance-an...-case-for-gold

I think this is an ominous sign. In the fallout of the 2007/2008 crisis, there was all kinds of talk amongst the Davos/G20 crowd about different ideas/plans for a NWO monetary system. That talk seems to have faded away as ZIRP (and, in some places, NIRP) seemed to stabilize the system.

Today, we have credit bubbles/stresses growing everywhere - zombie firms/junk bonds, consumer credit debt, headwinds for future treasury issuances, etc. The main global financial institutions (BIS, IMF, Fed, etc.) have all published warnings about the lack of powder to manage the next financial crisis. Still, we don't see chatter about any NWO monetary systems. Has the issue been decided? Or is the world too polarized now with all the nationalist political movements?

Maybe I missed something, but it really seems like they are getting the word out - the next crisis will be unmanaged, protect yourself with gold. It's going to be a bumpy ride.

Can you post the full article? It's behind a paywall.

[Bern]

No pay wall copy here: http://gata.org/node/18873

Sorry - on tablet atm. Not convenient to copy/paste/edit.

[oyarde]

Gold up about 40.00 this week . Oyarde is ready .

[Bern]

I didn't mention it in the OP, but Rogoff recently advocated investing in gold as a hedge during a period of NIRP and a cashless society:

https://news.goldcore.com/us/gold-bl...ex-imf-rogoff/

[devil21]

2200 views in a week in this subforum is a lot. For some reason this thread is getting a lot of attention.

[Bern]

... The main global financial institutions (BIS, IMF, Fed, etc.) have all published warnings about the lack of powder to manage the next financial crisis. ...

IMF's latest warning:

Public debt ratios are now “significantly higher” than before the global financial crisis across the globe, and governments need to get their fiscal houses in order ahead of the next global downturn, the International Monetary Fund said Wednesday.
...
Advanced economies have levels of public-debt-to-GDP ratios that are close to unprecedented in peacetime, the IMF said. At the same time low interest rates are helping to make it easier to finance these high debt levels.

Asked about calls from some economists for the IMF to change its orthodox thinking about the need for low budget deficits in the environment of low interest rates, Gaspar said it was an open question how long these low interest rates can persist.
...

https://www.marketwatch.com/story/im...urn-2019-04-10