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Palisades Gold Radio: The Dollar is Scheduled for Demolition (w/ David Brady)

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Palisades Gold Radio
Jun 2, 2022

Tom welcomes back David Brady, CEO, and Co-Founder of Global Pro Traders. David discusses the changes that have occurred in the markets since his last appearance on the show nearly two years ago. He believes another massive rally is coming for gold and that the Fed will reverse course. Countries never chose to default they always inflate their debts away. Markets today are centrally managed. What we have is not free-market capitalism.

The Fed appears to be engineering a recession to curb inflation. Unemployment is far higher than we are being told and we see that reflected in the credit card use. Demand is starting to drop, and many people are down to just buying essentials. This is why we’re going to see dis-inflation. Prices for everything going up at once is not indicative of supply chain issues. More money is simply chasing fewer goods. We have supply chain issues mixed with money printing.

He expects the Fed to reverse policy and resume stimulus which will result in a final melt-up. At some point, the Fed’s stimulus will be insufficient to prevent a crash. We’ve had an orderly sell-off recently in stocks, but what is coming will likely be a flash crash.

The Fed prefers to have a ready excuse to compensate for its policies. Expect a ‘major event’ this fall which will be used as cover. This event will likely occur when the Fed decides to reverse policies.

The dollar isn’t strengthening in terms of purchasing power. It’s just devaluing slower than all other currencies. When the Fed throws in the towel they will print trillions, and gold will go ballistic. The dollar is scheduled for demolition.

David notes that banks are now long on silver which he believes will soon go ‘bananas’. The conditions are in place for a major metals low, and the risk-reward ratio is massively skewed to the upside. Current metal prices may shortly never be seen again.

https://www.youtube.com/watch?v=TZozILhJU4U

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