In this report, I cover the early market action from London on Thursday, April 25th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market, the price of oil and the emerging markets.
Today I touch upon the subject of debt and Brexit and how I have been warning people not to be distracted by the Brexit Saga for the last three years. Even though the Brexit process has created uncertainties the underlying economic problem for not only the U.K. but all major Western countries is their debt loads.
Since the Crisis of 2008, the debt load has grown exponentially and the only way the Powers-that-Be know how to deal with this problem is to punish the unsuspecting public via a policy of currency debasement which basically means inflating the currency towards worthlessness.
My conclusion is that people need to protect their savings against this insidious process and not be totally distracted by things like Brexit and the divisions they create.
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I could not agree more! Brexit it a massive distraction and an exercise in divided and conquer! But this is not only to distract us from the financial mess but also the roll out of #5G. A very worry scenario and introduction of social crediting! 💯🐒
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