John Adams: Canadian Banking System Issues Stern Warning - Who's Next?
In this latest interview, Darryl and Brian Panes from As Good As Gold Australia interview Chief Economist, John Adams, who provides his assessment on the year ending 2021, and the start of 2022. John then provides an updated macro-economic forecast for the Australian economy for the coming 2 years, and shares his assessment of the upcoming Federal Election and the implications for the economy. Just recently, we have seen a massive protest in Canada by the truck drivers and many other concerned citizens. The Canadian government passed legislation, enabling them to close down bank accounts of recognized protesters. Could these policies be introduced in the US, UK or here in Australia? Will the FED and RBA lose control of interest rates? If so - how dire could the ramifications be? Never has their been a better time than now to consider precious metals - the ultimate protector of your hard-earned wealth.
John Adams: Why Central Banks Are Getting Nervous and Hyperinflation Is Inevitable
In this interview, Darryl and Brian Panes from As Good As Gold Australia speak with Chief Economist, John Adams about the Kitco controversy of gold and silver allocated and unallocated accounts. The update is absorbing! There is also a growing number of Central Banks around the world, increasing their purchases of physical gold. Why are they doing this and is the Reserve Bank of Australia about to do the same? Is the RBA ever going to retrieve their gold holdings, currently held in the Bank of England? Australia's current inflation rate has been confirmed at 5.1% and the US is sitting at 8.5%, with the real world identifying it at closer to 12-15%. Just a few months ago, we were told by Central Banks - inflation is transitory - clearly to the educated, it was not! Where to from here? John believes Central Bank policies can only lead to an inevitable result - hyperinflation! Worldwide there has been talk of Russia going back to a Gold Standard. We hear that Russia will only sell its raw materials and exports for payment in either Rubles or Gold. Might this spell the end of the Petrodollar? Is this a changing of the guard and if this is so, how would that impact on the global economy? John also shares his views on the upcoming election and why it might be time for a dramatic change. How about a minority government and what changes that would bring? With so many changes taking place around the world, now more than ever before it is imperative to hold gold. The ultimate safe haven investment for the last 5000 years, and more than likely, for the next 5000 years. Jim Sinclair has always said, become your own central bank. We've been warned! #Kitco #RBA #Gold #Hyperinflation
John Adams: World's Biggest Debt Bubble And Greatest Depression Ever!
In this latest interview, Brian and Darryl Panes from As Good As Gold Australia talk with Chief Economist, John Adams. Just under a week ago, the Australian Prime Minister and the opposition leader held a National Debate, and were asked about inflation and the cost of living. John's conclusion from the debate - neither party had a solution to Australia's mortgage stress. Concerning, when facing the biggest financial crisis in the history of economics. Last week, the RBA raised official interest rates for the first time in 11.5 years. What was behind their decision making process and what are the likely consequences? John confirms that we are heading for hyperinflation here in Australia - are we looking at another Weimer Republic? How about an incoming labour government taking a 40% ownership in your new home? John shares the potential ramifications of this rather indifferent policy. The Dow Jones and S&P are down 11% and 13.8% respectively for the year to date. It's the worst start for the S&P since WWII. How will both exchanges perform over the rest of the year? The Crypto market is also in uncharted waters, currently down 50% since its November peak. Now more than ever, with failing currencies and all major markets in a sea of red. How important is it to own the world's number one safe haven investment - gold.
John Adams: Rampant Inflation & Panic as Day of Reckoning Looms
In this latest interview, Darryl and Brian Panes from As Good As Gold Australia speak with Chief Economist, John Adams. The RBA has raised rates this week for the second month in a row, this time by 0.5% and up to 0.85%. What is John's assessment of the impact they will have on the economy? In addition to raising interest rates, the RBA has announced its Quantitative Tightening program, which will commence this month. What does the program entail and what are the ramifications likely to be? Will the RBA ultimately be successful in tackling inflation, and if not, why not? John believes the RBA will have to pop the bubble to successfully tackle inflation and provides a stark realization of what that might mean. Are you ready for it? How about a repeat of the 1892 worst ever depression and unemployment north of 30%. There is a day of reckoning coming and a nightmare scenario on our doorstep. Now more than ever before, one needs to hold the world's historical number one safe haven investment - gold. We have been warned!