Point of no return: Credit deflation and gold

Sprott/John Hathaway

“In popular thinking, the current U.S. administration, or the one that follows it, will pull every trick out of the bag to stimulate the economy. This belief will likely excite investors from time to time in anticipation of a rebound. Unfortunately, the financial markets are experiencing a deflationary bust that could spread to general economic activity. Public policy has all but exhausted the potential benefits of resorting to traditional monetary and fiscal solutions.”

USAGOLD note:  That about sums up the situation in which we find ourselves. Hathaway goes on to say “[w]e think gold has been sensing the endgame for Keynsian policy prescription…”

Repost from 3-22-2020

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