1 Million Jobs Erased, Why the “Fake Data” Will Destroy Your Money
“The only path forward involves printing money,” says Graham Summers, President and CEO of Phoenix Capital Research. In today’s interview with Daniela Cambone, Summers argues that yield curve control and currency devaluation are inevitable. Under such environment, gold is breaking out against every major currency, signaling that a monetary reset is coming. He also points to central banks’ aggressive gold hoarding as an indicator: “You have to look at what they’re doing, not what they’re saying.” On the equity market, Summers warns that we’re in a melt-up, but it won’t last. “You could see the S&P 500 go to 7,000 or 7,500 — but at the end of the day, all of these policies are highly inflationary.”
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