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🚨 ALERT🚨 Big Federal Reserve NEWS (Silver Price & Gold Price) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

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  Silver and gold prices are affected by nothing more than
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  the Federal Reserve and our old friend Jerome Powell.
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  We love Jerome, right? Wrong.
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  He's been a major force suppressing the price of silver
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  and gold over the last two years, but are we now starting
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  to get some hints that things are changing?
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  Next week, November 1st, we're going to hear from the Fed, and
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  while the market expects only a 3% chance of an interest rate
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  hike, they're putting the odds of a rate hike in December at
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  29%. But what do we know?
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  What can we dig into to get some clues as to where the Fed is
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  going, which in turn will have major impacts on the price of
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  silver and the price of gold? I have eight, yes, 8 clues that
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  we're going to quickly dig into to see if we can parse through
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  them together and see where the Fed is heading, which in turn
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  will tell us where the price of silver and gold will be in the
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  coming months, quarters and years.
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  When the Fed pivots, silver and gold will sky right.
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  Philadelphia Fed President Patrick Harker on October 16th,
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  said, quote absent a stark turn In what I see in the data and
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  hear from contacts, I believe that we are at the point where
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  we can hold rates where they are.
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  If we go along with Mr. Harker We have sunny days ahead, not
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  too far off in the horizon for the silver price and gold price,
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  but that chairman Jeromy Powell himself on October 19th said,
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  quote, additional evidence of persistently above trend growth
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  or that tightness in the labor market is no longer easing,
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  could put further progress on inflation at risk, and could
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  warrant further tightening of monetary policy.
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  That was a little more hawkish from our friend Jerome, but
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  we've got six more clues to look at because Atlanta Fed President
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  Rafael Bostic on October 20th said, quote, I really do not try
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  to keep people focused on what inflation is still at 3.7% and
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  our target is 2%. Yeah, they only want to steal 2%
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  of your wealth every year. What a deal.
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  We have to get close to that 2% inflation target before I would
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  consider any relaxation of our posture.
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  So he was a little more hawkish #4 Jerome Powell on October 19th
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  said financial conditions have tightened significantly in
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  recent months and long term bond yields have been an important
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  driving factor in this tightening.
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  Yes, the economy, Jerome can't really function too well at 5%
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  interest rates. Nonetheless, Jerome went on to
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  say we remain attentive to these developments because persistent
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  changes in a financial conditions can have implications
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  for the path of our monetary policy.
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  Now, Jerome sounded a little more dovish #5 Minneapolis Fed
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  President Neel Kashkari on October 10th said, quote, it's
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  certainly possible that higher long term yields may do some of
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  the work for us. Yeah, you think in terms of
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  bringing inflation back down, but if those higher long term
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  yields are higher because their expectations about what we're
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  going to do has changed, is your brain spinning like mine is
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  right now, then we might actually need to follow through
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  and their expectations in order to maintain those yields.
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  Ever get to feeling like you're playing 3D chess underwater?
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  These guys are spitting out more conflicting, more bubble gum and
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  duct tape than I thought was even possible.
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  Hey, if you want to get your hands on some silver or gold
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  right? If you think the price is going
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  to go up in the future like I think I don't have a crystal
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  ball. Go check out Pinbex.
• 4:19
  They make these videos possible. They're an online bullion
• 4:23
  dealer. I bought silver from them before
• 4:26
  they sponsored rons basement. I trust them.
• 4:29
  They have a great selection and they have the best prices
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  investigated for yourself. Make your own decision, but I
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  think you'll find what I found in that Pinbex is best number
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  six, Dallas Fed President Lori Logan on October 9th said quote.
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  If long term interest rates remain elevated because of
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  higher term premiums, there may be less need to raise Fed funds
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  rate. However, to the extent that
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  Strengthen the Economy is behind the increase in long term
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  interest rates, the FOMC may need to do more.
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  OK, yeah, I'll put out a new piece of content every day for
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  the rest of my life. Hey, you and me, we can grow
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  older together. All I'll ask is please give this
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  video a thumbs up and subscribe to the channel.
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  That way you can come back to the basement and we can spend
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  some more time together, #7 Federal Reserve Board of
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  Governor Christopher Wallace on October 18th said.
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  While there is some basis for expecting that inflation will
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  continue to fall, let me remind you, as I have done repeatedly
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  that we have been, that we have seen a string of good inflation
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  reports evaporate multiple times in the recent past.
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  So I will be watching the next several reports for clear
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  indications that inflation on a trajectory is on a trajectory to
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  2%. And finally, our good friend
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  Susan Collins from the Boston Fed #8 on October 12th said
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  quote, with rates in restrictive territory, I do expect that
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  payroll growth and economic activity more generally will
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  slow in the coming months. Wow, what a group of conflicting
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  reports. What does that mean?
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  Let's take a step back. Does it sound to you like the
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  feds a little scared, like they're throwing up fireworks in
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  every direction trying to distract the market?
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  Well, we might be done raising rates, but maybe we're not.
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  You're just going to have to find out because we're a little
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  scared. We don't really know what to do.
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  And we know that if we raise rates much higher, it could
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  cause massive, massive damage to the US economy.
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  Banks are under stress. Corporations are under stress.
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  Consumers are under stress. Massive, massive debt levels.
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  The government is under huge stress, right, $2 trillion
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  budget deficit projected for this year.
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  Yes, $2 trillion. On top of the fact that we've
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  got 33 or 34, I lose count trillion in debt.
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  We're adding more to an already growing debt pile that is going
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  to need to pay interest expense on an ever increasing interest
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  rate level. It's getting out of control.
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  We're to the point now where we're spending more on interest
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  expense in this country than we are on National Defense.
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  It's a big, big mess. You better believe the Fed knows
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  it. Yeah, they're doing smoke and
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  mirrors, bubble gum and duct tape at an all new level.
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• 7:53
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• 7:57
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• 8:01
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• 8:04
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• 8:10
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• 8:13
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  Look, on Wednesday, November 1st, we're going to get news
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  from the Fed. Most likely they're going to do
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  nothing. They could shock us with a with
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  a rate rise, but most importantly, people will be
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  paying super close attention to the press conference afterwards.
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  What does Jerome say? What does Jerome say?
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  Does he sound hawkish? Does he sound dovish?
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  Look, at the end of the day, I think what these eight points
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  tell us is that they're confused.
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  And we know one thing for sure. If we look at the basic math
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  beside behind what's going on, there's really no option but to
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  devalue further, make even worth less the US dollar that will be
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  supportive in the long run for the gold price and the silver
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  price. We're going to have some bumps
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  in the road along the way, there's no doubt about it.
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  On top of that, we know that it's, it's been suggested that
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  possibly the government and the Fed has an interest in
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  continuing to suppress the silver and gold price.
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  So we could be in for some bumpy times.
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  But in the end, silver and gold will maintain their value and I
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  believe be able to achieve true price discovery recognition,
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  which will be at a value significantly higher than where
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  we are today. One thing for sure, it'll be
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  interesting and I'll be here with you through it all as we
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  find out together. Thanks for being in the basement
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  and I'll see you soon.