Mihai Morcan

QE is back

@PiusSprenger Ein Milei reicht bereits, wenn er kompetent ist, Führungsstärke besitzt und die richtigen Schritte einleitet. Deutschland hat nicht nur selbstverschuldete wirtschaftliche Probleme sondern muss zusätzlich eine politische Entscheidung treffen: wer ist strategischer Partner?

Meine Güte! Deutschland ist so was von verloren. Das Land braucht nicht nur einen Javier Milei … sondern zehn.

The US consumer sentiment index from the University of Michigan goes back to 1952. It has never been lower than it is today. Video: youtube.com/watch?v=pJGsJO…

@GoingToADollar 🤣 my wife is absolutely happy with the junior miners we own however it always depends on the entry points and the time preference …

when your wife is begging you to buy a house instead of a junior miner with assays pending

@Ben08059397 @danielisdizzy That was essentially the playbook after WWII: use strong productivity growth and higher inflation to bring the debt-to-GDP ratio back under control. But I agree with you - right now, that still feels more like wishful thinking.

@MihaiMorcan @danielisdizzy Fr, the whole “GDP will outgrow debt” narrative is just wishful thinking at this point

Kevin Warsh and Trump just made it clear why rates are going lower: “AI is going to make almost everything cost less. We’re at the front end of a productivity boom. Economic growth won’t be inflationary — we’re in the early innings of a structural decline in prices.” Elon Musk, Sam Altman, Jeff Bezos, and Stanley Druckenmiller all expect AI to be strongly deflationary. The next few years are going to be insane.

He may be right, but at what cost in terms of inflation?

@SantiagoAuFund The Federal Reserve was established by Congress and could, in principle, be dismantled by a simple congressional vote. That’s an advantage compared with European countries, where representatives of the people do not exercise the same level of authority over their central bank.

The Fed…autonomous but not independent…

We are currently seeing the fastest growth in US money supply in four years. And again, let’s stop solely blaming the war for this: Inflation is fundamentally a monetary phenomenon. tavicosta.substack.com/p/inflation-is…

This used to be my pinned Tweet. The blue line (GDP) generates income to service the debt in the red line (All Sector Debt). See the problem? It is just math.

The problem has never been greedy capitalists. The problem is, and has always been greedy corrupt politicians that have no ability to control their spending of other people's money.

@SantiagoAuFund @BenBrey yes… clearly a bubble.

It’s almost like the U.S. has a big straw… h/t @BenBrey

Silver just gave a very bullish technical signal, has the second leg begun? Most missed the move from $20 to $100 worrying about the frivolities of the FIAT price. Yet all that matters is how strong is your financial insurance for this golden macro shift? Silver will follow, unleashing one of the best asymmetric trades ever. In Leg 1, CWM built positions at a 100:1 GSR, have been strengthening them at the current 60:1 as we positioned for this now starting second leg, and continue targeting 40:1 or better to lock in our first GOAT profits. 30%.

Wheaton Precious Metals just reported a record quarter. Revenue: $901 million. Up 92%. Net earnings: $582 million. Up 129%. Cash flow: $766 million. Up 112%. They buy gold at $650 per ounce and silver at $12.50. Gold sells for $4,700. Silver sells for $80. That gap is pure profit. And they just raised their dividend 18%.

Michael Oliver Says Silver Price May Skyrocket 600% In A Matter Of Months kingworldnews.com/michael-oliver…

Another nail in the UK's coffin...

99.99% of investment managers believe the risk-free position is cash. But it does not allow for fiat currency risk aned its deteriorating purchasing power. The only risk-free position is physical gold without any counterparty risk. Ignore this and you stand to lose everything.

@LiberalMut Das glaube ich jetzt nicht. 😳 Eine mögliche Steigerungsform wäre jetzt nur noch, dass die Röhrchen des Insektenhotels mit weißem Flächeninhalt ausgedruckt werden und die Schüler mit ihrer Lieblingsfarbe ausmalen sollen.

Mittlerer Schulabschluss nach 10 Jahren Mathe. Das ist Staatsversagen.

China knows. h/t @TFMetals

Since 1900, the US M2 money supply grew from 9billion to 23 trillion. On a per capita basis, this represents an increase of more than 540 times, from USD 118 to over USD 63,000.... #INFLATION