Paul Andrew McCloskey

Beware of central bankers who want to preserve “room for maneuver” in monetary policy. This is the mantra of the government-knows-best crowd—not the voice of advocates for free markets and those who demand accountability from the heads of government agencies.

Well, with over five continuous years of above-target inflation from spring 2021 to the present, at least we fixed the "low inflation" problem. 💀

@Mktrhythms @NoLimitGains That would work if the debt burden stayed static & nominal GDP was higher than the debt. But interest expense keeps rising & is close to causing a debt spiral that will snowball towards a sovereign debt crisis.

@NoLimitGains They're not. The playbook is financial repression — keep real rates negative long enough to erode the debt-to-GDP ratio while nominal GDP inflates away the burden. Nobody in Washington is modeling actual repayment.

Hmm, how exactly are they planning to pay off $39 trillion in debt?

“The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.” Ludwig von Mises

Listened to this again just now @JoeSquawk @CNBC @SquawkCNBC and I stand by every word. Sorry the audio wasn’t so great on my end, but proud to challenge a Fed chair who honors neither the rule of law nor gentlemanly behavior in turning over the reins. Powell, in his classic pattern, presents himself with phony humility and exalted motives while indulging in petty politics and self-serving objectives. A legend in his own mind.

M2 Money Supply has tripled since 2008 and the dollar has lost 38% of its purchasing power. Anyone see a relationship here?

Here’s a useful visual. The United States has most dominant global reserve currency and highest level of official gold reserves. We should play to our strengths and combine them through new initiatives enabling stablecoins backed by gold-convertible long-term Treasury bonds. It would be a one-two punch in support of sound money and establishing a solid foundation for productive economic growth.

Christ is risen from the dead, and with him, we too rise to new life! This Easter proclamation embraces the mystery of our lives and the destiny of history, reaching us even in the depths of death. #Easter

@DecodeTheSignal @WatcherGuru Even valuing the gold at $4,500/oz would only net the US about $1.1 trillion. It needs to be marked much higher to make a difference.

The debt is almost $39T. Gold is still carried on our balance sheet at about $42 per ounce. That alone tells us the current accounting framework belongs to another era. Mark gold to something closer to reality and the sovereign balance sheet changes overnight. Everything else being floated is some mix of: austerity inflation financial repression or default by another name. lukas-newsletter-a54116.beehiiv.com/p/190b-sold-vi…

JUST IN: 🇺🇸 Fed Chair Jerome Powell warns US national debt is growing "substantially" faster than the economy and says it's not sustainable. "It will not end well if we don't do something fairly soon."

@Thesuperunk @PeterSchiff Checkout Trumps latest post. Postponing strikes on Iranian power plants.

@PeterSchiff Gold just shot up $200 in 10 minutes at 7 AM. What the hell is going on?! Massive short covering or someone's buying the dip.

In the early months of the 2008 GFC, gold crashed 32%, about 40% of its prior bull-market gain. After gold bottomed, it surged 178% over the next three years. Gold nearly hit $4,100 today, down 27%, about 40% of its gain since $2K. A 178% surge from that low puts gold at $11,400.

@nagasatish16 @KobeissiLetter How does revaluation help? All that does is force the Fed to print new dollars up to the new valuation. Inflation would almost surely rise unless they used those new dollars to pay down the outstanding debt?

@KobeissiLetter US debt astronomical, gold reserves a joke. Revaluation incoming? History doesn't lie. 🏦💥 #FederalDebt

US gold reserves have never been this small relative to government debt: Gold reserves now reflect just 3% of US federal debt, one of the lowest readings on record. This comes despite the US holding 8,133.5 metric tons of gold, the largest stockpile in the world, and prices surging to record highs. By comparison, the ratio was ~18% in 1980, or 6x higher. At the same level of reserves, gold prices would have to rise +400%, to $26,000/oz, to match the 1980s peak. Meanwhile, in the 1940s, gold reserves backed over 50% of federal debt. To match the 1940s ratio, gold would need to surge +1,340% to ~$75,000/oz. Gold reserves are highlighting just how astronomical US debt has become.

@LynAldenContact What's your favorite opening Lyn? e4?

My new sci fi thriller, The Stolguard Incident, is now available! Been working on this for a while. Enjoy. :) lynalden.com/the-stolguard-…

@JohnCarey17 @yieldsearcher @LukeGromen "correlations go to one". LOL nice. Never heard it put that way before.

@yieldsearcher @LukeGromen Right there with you But we know that if countries start “dumping” assets, correlations go to one and gold gets hurt too.

$4.85 here in the US. How European economy is gonna compete under this high energy prices I am dying to know.

@PolitiekCorrupt @Truthbomb753866 @great_martis Staggered trailing stop losses are the answer here.

@Truthbomb753866 @great_martis This is what I'm fearing most too If gold and silver are the only assets not crashing completely, then obviously suddenly everyone would put all their money into metals They don't want this Got all my money in them tho lol, I need to know when to get out...

GOLD 🪙 A large symmetrical triangle might be forming. If this pattern plays out as expected, anticipate a significant move between 6 and 10 April toward the 3/4 zone of the pattern. As this pattern is inherently indecisive (topping or continuation), the direction won’t be clear until the breakout occurs. Assuming the pattern is in play, the next likely move is toward the lower trendline before advancing to the 3/4 zone. Yours truly, The Great Martis 🙏

@financialjuice You mean that hump?

ECB's President Lagarde: I won't allow Europe to feel the same inflation as 2022/2023.

@jameslavish Grok says that between 1.3% - 6% of the global population owns any Bitcoin. So how does the other 94% - 98.7% ever get any?

Good morning. The 20 millionth Bitcoin was mined yesterday. This means that 95% of all Bitcoin that will ever exist is now in circulation, and it will take 114 years to mine the remaining 5%. No other asset on earth works like this. Have a great day.

@Pontifex Everyone

Jesus is God’s response to our thirst. The encounter with him stirs in the depths of each person “a spring of water gushing up to eternal life” (Jn 4:14). How many people in the entire world are searching even today for this spiritual spring! #GospelOfTheDay

@KobeissiLetter Record outflows but the price is 1.5% higher? How so?

BREAKING: The largest US gold-backed ETF, $GLD, posted a record -$3.0 billion outflow on Wednesday. This surpasses any previous large daily outflow seen over the last 2 years by +200%. At the same time, silver ETFs recorded small outflows, while Bitcoin ETFs saw modest inflows. This came a day after gold prices dropped -4.4%, the biggest daily decline since the January 30th crash of -11.4%. This all follows global gold ETFs pulling in +$5.3 billion in February and +$18.7 billion in January, marking the 9th straight month of inflows and the best 2-month start to a year on record. Gold investors are locking in gains after a historic rally.

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