Greg Hunter – Macroeconomic analyst Rob Kirby says forget what you are hearing about the so-called “recovery.” The powers are hiding a coming collapse. The American economy is being propped up with fraud and crime and time is running out. Kirby explains, “The whole world is grading America and America is burning.
When you are burning, it is really hard to put out a message or convince people that all is well. America is failing in spades at doing this. Rigging markets and acting in a sociopathic nature doesn’t make this job easier and doesn’t make it true because they say so. They have idiots making pronouncements that a weak jobs number is good tonic and a good basis for raising rates. It clearly isn’t. . . . We are living in “Alice in Wonderland” with the comments we are getting out of this administration.”
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Instead of a rate rise from the Fed, Kirby thinks we are going to get another round of money printing or QE. Kirby predicts, “With China being confirmed as being a very large seller of US government securities, the notion that 10-year bond hasn’t budged is inconsistent with China selling a whole lot of securities unless the Fed is monetizing debt or basically doing a QE job in stealth without declaring it, which I believe to be the case. I believe the Fed is doing a stealth QE, and I think they are going to have to start paving the way to justify an official announcement of additional QE. What better way to do that than report a weak jobs number . . . I believe the Fed is greasing the skids or the path for an additional round of QE.”
Kirby procures tonnage in gold for some of his clients around the world. He sees a global market where physical gold is harder to get and contends, “On the wholesale level in North America, there is metal available. On the retail level, there is very little metal available. In the Asian countries on the wholesale level, there is basically none to be had, and on the retail level it has been bought up too. Increasingly, the people that I talk to that supply coins coming from mints, they are all telling me it’s becoming harder and harder to get, and the wait times to get product are longer. If you want to buy coins, you pay for them, and you are lucky to get them in three or four weeks. This is because they are all back ordered because investment demand has been so strong. . . . As the wait time get longer and longer to get the coins, it is a symptom of stress on the supply side of the market.”
On how the central banks are putting off the coming crash, Kirby says, “These guys are playing with fire. They are desperate and are cornered. The only thing they have left in their bag are dirty tricks and lies, and they are playing them aggressively. When you are lying and telling untruths to the rest of the world, the rest of the world doesn’t stay stupid for very long. It catches up with you, and that’s when your friends start creating currency swap lines with your vaunted enemies. They think they want to have a foot in the other camp because the old camp they used to be with isn’t playing fair and is doing despicable things. That is exactly where we are right now—burning.”
How bad will it get and when is the next crash coming? Kirby contends, “I think it is unwinding in front of our eyes. I think when it blooms in its full glory, it is not going to be called a crash. It’s going to be called the dark ages.”
Join Greg Hunter as he goes One-on-One with Rob Kirby of KirbyAnalytics.com.
SF Source USA Watchdog Sep 2015
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