THE GREAT WALL CONTINUES TO CRACK: China’s Golden Solution

ITM Trading, Released on 1/25/19

Link to slides and sources: www.itmtrading.com/blog/great…

Trade wars continue between the US and China, the two largest global economies. In the US, they say the trade war is having an impact on China’s economy, which is certainly true, but on May 11, 2017, China’s shorter-term debt interest rates rose above longer term debt in a yield curve inversion, one of the most accurate predictors of a recession. So perhaps the trade war merely escalated the decline that was already in process.

On December 4, 2018, the US Treasury market experienced a yield curve inversion, which, in my opinion, is a confirmation that we have entered a riskier and more elevated level in the deflationary cycle.

JP Morgan said that “Only gold is money, everything else is credit” J. Paul Getty said, “If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.” Since 2008, we’ve watched governments underwriting bank losses under the premise of “stimulating” the economy. It’s not working and I’m thinking, we all have a problem. Got gold?

Lynette Zang has held the position of Chief Market Analyst at ITM Tradingsince 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to come together in community in order to survive and thrive through the hyperinflation she sees in the near future.

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