Dear Reader, There’s only one word to describe what central banks are doing around the world now to fix the COVID-19 economic crisis… MADNESS. Different countries are implementing different schemes. But they all have one common denominator…flow of credit…support credit…loan facility…lending program. They want borrowers kept on life support so they can live to borrow another day, to keep the lie from being exposed. Central bank efforts aren’t about stopping the debt bubble deflating. They’re doing their utmost to reflate it. The recklessness of these people leaves me shaking my head. When will they stop trying to cover up their great lie with even greater lies? You cannot put solid economic foundations down on the quicksand of too much debt. It’s never been done before and cannot be done now or in the future. History tells us, time and time again, that episodes of excessive debt ALWAYS end badly. This is just the beginning of a sustained period of contraction…and already we’re seeing the unleashing of the unprecedented. What awaits us when the unprecedented is not enough? More lies. More stupidity. More printing. And a new Great Depression. Get ready for it…it’s a comin’. How do you prepare for it? The very first thing you should do is read my new eBook. Its purpose is pretty simple. To lay some strategies and techniques on the table for you. And to empower you to make rational moves with your wealth now that could see you much better off in a few years’ time when, hopefully, all of this is just a dreadful memory. Click here for six vital investing principles for the coming depression. Regards, | Vern Gowdie, Editor, The Gowdie Letter |
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