Response To Treasury Injects A Record $271 BIllion In Cash In One Day, Sending ST Rates Negative
This problem existed the week COVID-19 came to us. COVID-19 shut down the demand for money. Now that states are opening, look at the panic in the short term loans REPO market. The banking crisis was held off by killing the demand for money, but it never went away. It was hidden by the economic effect of COVID-19. Now we are back between a rock and a hard place with states opening up for business. MMT is only an empty tool bag with a nice name to calm you.
Only gold miners produce real money, as defined by all the characteristics of money and no title in transfer making it silent.
If nothing called Bitcoin can trade at $65,000 then something called gold will trade at $50,000 per ounce. Something monetary like silver will trade at a minimum of $100.
Modern Monetary Theory is an empty black box with no tools in it. It is only a name to make you think there is a replacement for all failed previous central bank policies. There is no MMT. A REPO the Fed allows to be repaid in more than one day is a cover up for evermore QE.
Gold and Silver are headed to new highs breaking out soon. I think slightly after my 80th birthday on March 27th 2021. Gold and Silver will run for at least five years.
I foresee great success for all well run and rich gold/silver projects.
Jim Sinclair