when this all plays out as I'm telling you it's going to play out you can't say that there weren't any signs I've developed my newest premise and this is all going to be about what's happening all through the summer a lot of things are going to happen this summer and it's going to affect things like cryptocurrencies stocks real estate unemployment even the recession also I want to talk to you about specific dates when some of these gold mining companies are about to spike in price we're going


to talk about that in this video just to clarify a few of the earlier premises I've had was talking about inflation when it was going much much higher everybody was saying that and everyone expected it to keep on going that's when I told you that it was going to be coming down I was told you when it's coming down it's going to come down really quickly that's exactly what happened I was wrong about it didn't bounce rather it landed with a thud What's Happening Here is the war between


the inflationary forces and the anti-inflationary forces it's a lot on both sides right now but we are going to see much higher inflation commodity price is higher now fuel price is higher that all feeds into and bleeds into to prices you pay for things it's going to push inflation higher this is some of the factors but the real inflationary driver is another premise I had about as the government can no longer even afford to pay the debt we've built up the response is going to be another Bel of


quantitative easing some be quantitative using seven or 85 or something like that they'll just create new money to squash a current problem but they won't be looking longer term but how that's going to affect everything and I told you that that will be a really strong inflationary driver the quantitative easing and then when they think that the problem they made is they didn't make it big enough and they come over the top with the next round of quantitative easing that's when we are very likely to


see incredibly strong inflation possibly even hyperinflation which is increases in prices of 50% per month not per year it's per month and this is all feeding into another aspect of the premise about how the US debt bomb this great American debt bomb no debt loads have ever been larger in the history of of the world this debt bomb is going to absolutely explode what do I mean by that there's just no way to slow it down no way to stop it they thinking maybe we'll raise taxes or cut programs that's not even


close to enough we're well far gone we're Way Beyond it years ago I talked about how we're almost beyond the point of no return we're well past the point of no return Now by leagues this is all going to have effects on every aspect of the economy the quality of life you enjoy this is a problem that there's no solution out of because we've gone too far and for years I've been harping about gold prices and gold prices and they finally are doing what I told they do this whole time I'm so grateful to


see that but we're not done yet I've got to tell you some things in this video about when are these gold mining companies about to finally get some respect I also told you that we would have a default Deluge sometimes they called a default tsunami and as you've seen and as I've showed you we've already experienced a lot of that and after it gets worse it's going to get much worse and related to this then we're going to to see a banking crisis in the United States of America and


there's things you can do to protect yourself in the situation and I know that you want to help people that you care about also maybe one way to do that is let them know about this video and all you have to do is click like and that's going to show this video or share it with a lot more people and you guys know that I always say just wait just wait a lot of things that I talk about I'm pretty early on them but I'm also one of the people who believes that if you're early you're still wrong I'm too


early I'm still too wrong so here's a few things that I think are all set up to happen now that you just have to wait a bit longer and there star show signs of going exactly as I told you they were going to go so some of these things you just need to wait for are real estate stocks coming down from these bizarrely overvalued levels some softening in cryptocurrencies a major decline in the value comparatively to other currencies in the world of the US dollar and therefore also a further deterioration


against gold in the US dollar and also that we're going to be seeing massive quantitative easing coming up within months for all these Sten you just need to wait a little bit longer They're all playing out now they're all setting up to play out even further but now as promised I'm going to tell you my new premise that's going to be about this summer everything is going to be happening throughout the next 6 months so for example they are going to lower interest rates they won't have a choice


because the debt loads and the carrying costs on those debt loads are much too extremely expensive at these interest rate levels that's why they're going to lower the rates not because they're done with hurting the economy or fighting inflation they're just going to be giving up on that fight and they're going to be keeping everybody happy in this election year but the premise that I'm adding to this that's of value to you is that what most people are completely unaware of is that


once the rates start to decline the interest rates that's usually when a recession begins or very often it is or the recession begins and then the rat are coming down either way they're tied together they always come together if you look at this chart you can see the gray areas of the recessions and then when the interest rates come down the recession begins when the interest rates come down the recession begins this is all during this supposed great economy so many people are going to be completely blindsided when this


reality happens they're going to have a consumer shock point where all of a sudden they realize that they've been lied to all this time and so they've been positioned wrongly the fact of the matter is that reality will never stop approaching even though they've put it off even though they've gated you or told you that it's stronger than it is you can't say the economy is strong if it's based on incredible levels of debt being taken on if it's based on the fact


that we've got this International Trade imbalance manufacturing is showing signs of coming down and now in fact even real estate is finally starting to show signs of coming down this is a chart of the US average mortgage size one month chart you can see that it's climbing and then at the same time here's a chart of the new home average sales price 5year chart we were so early with this just like we were with the gold premise what you're seeing here on this chart are lower highs and lower lows lower highs lower


lows that's a downtrend it has begun now and what happens with all this especially considering that a house is usually the most expensive thing that someone purchases when house prices go higher people feel wealthier that's a big driver for the wealth effect and when host prices start coming down that's going to put a squeeze on that wealth effect and if you're seeing cryptocurrencies and stocks also which all play into the wealth effect all coming down right now together that's


going to be making people feel less wealthy therefore they'll take different actions than they otherwise would have for example money will move to risk off assets and out of risk on assets so things like cryptocurrencies and highflying stocks and highflying real estate prices a lot of that money will move into things like treasury bills safe Investments like that safe stocks very low volatility stocks precious metals and even into cash at the same time things like luxury items forget about it they're going to be taking a


big bath and also discretionary items people will be spending less money on discretionary items even though they'll have to spend more because of inflation on the Staples or the mandatory things that they have to buy and of course all of this affects businesses markedly and here's a 5year chart of business bankruptcies in the United States and this is at a time when we're already living off of a lot of debt and a lot of these bankrupt companies are laying people off and there's a lot more people


who are unemployed that number will rise pretty quickly pretty significantly once we get into the recession but here's a chart of consumer spending now as I show you these charts you let me know if there's anything you notice about them similarities everything pointing to one sort of outcome here here's a chart of the debt balance on credit cards also at historically unique levels here's a chart of the debt balance on auto loans let's put it all together here's the debt balance total for American


consumers but luckily they save up a lot of money right here is the chart of the personal savings rate savings coming down debts going higher that's just a manifestation of this economy which is so weak so where does this all lead to when of the ways that a manifestor starts to show up is with auto loans a recent study by fit ratings found that more subprime borrowers were 60 days or more behind on their car payments than at any other time on record vehicle repositions are up by 20.4% according to


Cox's automotive and then this is a headline from Bloomberg underwater car loans signal us consumers slammed by high rates and that's also why a lot of Americans are setting their cars on fire the value of the car does not even match how much more money they owe on it based on the monthly payments and so a lot of them have taken to setting their cars on fire they can't afford the payments that's one way to deal with it I suppose now this is from wallet Hub this is data from January 2024 this is credit card


payment losses by region and I know I already told you inflation will bounce higher and it still will just wait but here's a chart of consuming inflation expectations so the expectations are falling and now I told you that the last thing to start coming down when inflation started dropping and all these things started dropping in price lumber for example eggs I told you that often the last one is food food inflation is finally starting to come down here you can see it's come down quite substantially but when the inflation


starts kicking up again over the summer or when the Federal Reserve starts lowering rates later in the summer That Could set off the recession itself it will also push a lot of investors towards risk off assets from risk on assets here's a chart of Bitcoin here's a chart of the Russell 2000 here's a chart of the S&P 500 here's the D Jones Industrial Average here's a chart of the NASDAQ you can see that a lot of strength kind of dropped off a bit recently over recent periods and it's


down maybe 5% and then people are saying well it might become a correction 10% yeah it might go down a lot more than that that's what the purpose of the video I showed you guys about one of the Articles was this bizarrely overvalued Market when this all plays out as I'm telling you it's going to play out you can't say that there weren't any signs and the one thing that's going on with gold I promised you I'd tell you the dates of when some of these mining stocks are going to start popping higher


and it's soon what happened was that I was talking about gold going to go higher back from when was $1,400 an ounce and I've been talking about it and talking about it people getting sick of it but I'm saying the same thing again and again because I knew I was right and now you're seeing that people are realizing it they're waking up and saying oh my goodness gold is moving I wonder why and they're looking into it and they're pointing to one thing that they find oh it's Central Bank buying


there's so many other factors too but what hasn't happened is that the gold mining companies which will be the biggest beneficiaries of the higher gold prices massive beneficiaries of the higher gold prices they've barely moved in price they've gone recently pretty significantly in a short window of time but then they sort of tailed off a bit but the point is the profit margin is going to be through the roof some of these companies are making $100 to bring an ounce of gold out of


the ground and now do the exact same thing same process on the same location the same cost structure they going to be making $500 an ounce a profit margin quintupling and if the profit margin quintuples the stock should do more than quintuple so when do investors suddenly wake up out of their obvious long-term Slumber is when these gold mining companies now release their results when the gold prices Rose it was too soon to factor into their quarterly Financial results that'll be another consumer


shock point or investor shock point for example Thursday coming up Newmont mining is reporting their financial results and then the following Wednesday that's baric gold doing the same and all the smaller miners are doing the same the silver miners doing the same over this period of time it's earning season for these companies and this quarter report is going to be factoring in or showing the effect of higher gold prices and if not this one the next one will definitely be showing that but right now


is the time get involved with some of these gold mining companies in my opinion I believe that they're going to spike in price as the investment World realizes that they're completely missing out on this massive clearly obvious trade now I'm hoping you're going to let me keep an eye on all of this for you keep telling you about it and that's why you click like on the video like I asked you earlier but also please subscribe to the channel let's stay connected I'll keep telling you what is going to happen


next and what to expect