How to profit from COVID-19 Recovery?
Flattening the curve by draconian measures does not change the number of people with weak immune systems who will die. The Federal Reserve cannot print gold only fiat paper money.
By: Dr. Steve Johnston author.com
The CDC relied in a large part on the infamous Imperial College model produced by Neil Ferguson, that projected over two million Americans would die from the Corona virus. Elon Musk calls Ferguson an "utter tool" who does "absurdly fake Science." Ferguson's Imperial College model projected Sweden paying a huge price for no lock down, with 40,000 COVID deaths by May 1, and 100,000 by June. Sweden now has 2,854 deaths, peaked two weeks ago, and is reaching herd immunity. In 2005, Ferguson predicted up to 150 million people could die from the bird flu. In the end, 282 people died worldwide between 2003 and 2009. Based upon the Imperial College model and the University of Washington's Institute for Health Metrics and Evaluation (IHME) model the CDC projected the United States hospitals would be overrun by patients. The CDC recommended the lock down of the U.S. economy to flatten the curve of infection. Even though hospitals were not overrun, several Democrat governors have slow walked the opening up of approximately five states.
Commodities analyst Jim Wyckoff believes the trend-line price projection suggest the price of gold will hit an all-time record high. This projection syncs with the notion that price inflation will ignite in the next few years, following the massive injections of liquidity by major central banks, to offset the COVID lockdown. Goldman Sachs projects the Fed will have to increase its QE by $3 trillion in the next six months to offset the flood of new treasury debt coming to the market. The Federal Reserve balance sheet will need to increase from $7 trillion to approximately $10 trillion by year end. Several technical annalists believe large gold miners will double and many quality junior miners will 10 times current prices.
For more information on current events see:
Page Updated Last on: May 23, 2020