Chris Irons: Gold is Going to GO!

Tom welcomes back Chris Irons, host of the Quoth The Raven podcast, to the show. Chris as usual lets us know how he really feels about many important issues. A recent Federal Reserve report indicates that China was trying to infiltrate that organization. China wants to challenge the dollar and grow as a global economic superpower. China and Russia continue to dedollarize while stockpiling gold. The BRICS have announced their intention to create their own global reserve currency. Chris believes China has decided they want Taiwan, and they have a very long-term approach. We've seen two negative GDP prints, but those in charge are now changing the definitions. The White House and the Fed have run out of variables to mess with, and they're not getting the numbers they want. GDP is one of the last bastions of common-sense leftover from Austrian Economic thought. Once the rate hike truly makes it through the system, there will be significant shockwaves. There won't be much warning and things will accelerate rapidly. Expect shocks to the credit market that will surprise many. The Titanic has already hit the iceberg and everyone is in denial. It will be interesting to see what causes Powell to finally pivot. Don't be fooled and think that everything is fine because it isn't. There is no good reason to not believe in golds future. It's soon going to be the key globally. We're going to see a rush to buy gold unlike anything we've seen. Leverage with the miners will be off the chart. The strength in the dollar will not last. That's when we'll see gold explode and never come back. It was clear that companies doing crypto lending we're taking on enormous risks. If you see offers for 10% plus yields, then you're almost certainly looking at a Ponzi. Which is what we saw with Celsius. Other firms have also blown up, and it seems like there has to be more deleveraging to come. We still have Tether failing to produce an actual audit, and everyone seems skeptical. Until we get more truth and Michael Saylor is sweating in the hot seat, we may not have hit the bottom. Who knows if Bitcoin is cheap, how does one even judge it on fundamentals? Chris discusses why the courts may not be that amused with Elon, and why he might not be able to back out. Lastly, Tom and Chris discuss the importance of being objective and getting a rounded view of economics and politics. Integrity and good faith is more important than just being told what you want to hear. We've seen a lot of blatant disinformation campaigns driven from a state level through the media. Talking Points From This Week's Episode * Geopolitics, espionage, and economic supremacy.* Why a credit crisis is coming and gold will take off.* Finding the truth out by seeking opinions and other perspectives.* The crypto markets still need to purge themselves. Time Stamp References:0:00 - Introduction2:07 - China, Espionage, & the U.S.12:17 - Economic Mutual Spying?15:57 - Hiding Problems29:13 - Economic Screwing31:30 - Fed Dorito Theory39:12 - Faith in Metals44:09 - Gold is Gonna Go!48:25 - Gold & Inflation51:59 - Enormous Crypto Risk?56:57 - Saylor Carried Out?59:30 - The Twitter 'Deal'1:04:12 - Cybersecurity Sector?1:16:18 - Objectivity & Analysis1:27:41 - And Saylor Is Out1:29:22 - Wrap Up Guest Links:YouTube: https://www.youtube.com/channel/UCxUo55-0ScpOQNdug8FCzzA/videosPodcast: https://quoththeraven.podbean.comSubstack: https://quoththeraven.substack.