Gold Stands Tall as 2022 Is One of the Worst Stock Markets in History, Plus Swiss National Bank May Be Liquidating US Stocks
The comments below are an edited and abridged synopsis of an article by King World News
Is anyone else stunned that no member of the press bothered to ask Fed Chairman Jay Powell how he can successfully bring down inflation if most of it is out of his control? Powell refused to implicate the administration’s energy policy in any way for making the Fed’s already miserable task infinitely harder.
The demand destruction required to bring non-energy prices down enough that it lowers the headline number absolutely requires a recession—and a big one.
Many are finding out that the truest store of value is gold. All the pretenders (speculative investments) that came into existence when the Fed turned on the QE money printing presses are collapsing, while gold stands tall.