Greg Hunter: Merry-Go-Round of Money Printing Madness! Unlimited, Endless, Infinite Amount of Dollar Creation! – Craig Hemke Video

By Greg Hunter’s USAWatchdog.com 

Financial writer and precious metals expert Craig Hemke has made many correct predictions over the years.  Hemke studies hard and pours over detailed information to make his calls.  Hemke points out his biggest call is easy to see when considering the massive money printing going on at the Federal Reserve and historic spending in Congress.  The latest stimulus offer in Congress is a staggering $1.8 trillion.  Keep in mind, that is on top of trillions of dollars already spent in 2020 fighting CV19.  Hemke explains, “That’s $1.8 trillion!  When I was in college 35 years ago, the Reagan budget deficit was $250 billion, and, oh gosh, it was the end of the world!  How can they do $250 billion?  ‘Trickledown’ economics and all this stuff, and now we are talking 10 times that, and it’s like, yeah, whatever.  The moral of the story is there is no going back.  The Fed is telling you they are going to do whatever it takes to prompt inflation and to flush as much cash out there as possible to prop up their system.  The politicians are going to give them the debt to monetize. . . . If Trump wins, you are going to get this $1.8 trillion in new spending, but if Biden wins, you are not only going to get that, you are going to get the Green New Deal, universal healthcare and all this other jazz.”

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But no matter who wins in November, the Fed is going to fight debt destruction, or so-called deflation.  That means massive money printing to buy bonds and everything else.  Hemke says, “Fed Chairman Jay Powell, and all the other central bankers, are telling you they are going to do everything they can to keep that from happening.  Powell is begging for new Treasury debt to monetize.  If you look at Powell’s speech in Jackson Hole at the end of August, he was saying we are not going down this path of deflation because it becomes a vicious cycle.  That’s where you get deflation, and you expect more deflation and that brings about more deflation, and you get even higher expectations of deflation.  That’s what Japan has been doing the last 30 years.  Powell has said we are not going to do it even if it means unconventional policy like helicopter money.  You have heard this bantered about now, and it’s just putting straight cash into your bank account. . . . These things are all coming.”

What is Hemke telling people to do in the face of guaranteed massive money printing such as the country has never seen before?  Hemke says, “Don’t get cute here.  Don’t sit there and think gold is going to pull back to $1,800 (per ounce), so I am going to wait.  No man, buy some today, and then if it pulls back, buy some more.  We are on this merry-go-round of madness that is not going to slow down.  It’s just going to spin faster and faster, and your only protection, your only financial protection is to not save in their phony baloney fiat money, the dollar.  Your protection is to save in sound money.  Money that cannot be devalued with the stroke of a pen is gold and silver.  That’s what I advise. . . .This financial political complex is going to try to keep all of these plates spinning as long as they can.  The only way they can do that going forward from 2020 on is an almost unlimited, endless, infinite amount of dollar creation.”

Join Greg Hunter as he goes One-on-One with financial writer and precious metals expert Craig Hemke, founder of TFMetalsReport.com.

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After the Interview:

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This segment is sponsored by Discount Gold and Silver Trading. Ask for Melody Cedarstrom, the owner, at 1-800-375-4188.

Related Posts:

• Fed Cannot Stop Money Printing – Craig Hemke
• Fed Will Not Fight Coming Inflation – Craig Hemke
• Disorderly Price Increases Coming for Gold & Silver – Craig Hemke
• Fed Pawn Shop Repo Market Shows Panic Mode – Craig Hemke
• JP Morgan Will Stop Shorting Silver – Craig Hemke

https://usawatchdog.com/merry-go-round-of-money-printing-madness-craig-hemke/ 

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