… markets are behaving exactly as one would expect at the end of a major economic era. That is, markets are totally divorced from the reality of what is going on both economically and geopolitically. Markets are now in a manic phase, driven by false hope and momentum. […] It clearly helps that many economic figures are manipulated and therefore totally inaccurate. If we add to this the most massive money creation in history, we can be certain that these are not normal times. […] We are experiencing the beginning of a hyperinflationary period, with hyperinflation, so far, being noticed only in financial markets, property markets, and other key assets such as art and classic cars. […] And currencies will continue their decline to zero. Continued money printing will guarantee this. And we have to remember that the major currencies don’t have far to go since they are down between 97 and 99 percent in the last hundred years. As currencies start the next major phase of decline we will experience hyperinflation in all parts of the economy. This hyperinflation will be happening in most major countries. …
It’s not just that the analysis is solidly grounded in an obdurate realism (this is the raw economics of Gnon), it’s also that:
(a) Gold is the traditional medium of economic-regime exit, and therefore
(b) This discourse is immediately anti-politics (or resistance).
It says: Get out! That’s not a message to be easily decrypted for representational content, because it’s a war cry.
How does a hyperinflationary collapse begin? With a flight to gold. There’s going to be hyperinflation — flee to gold. It’s a circuit. The Cathedral’s economic authorities are entirely justified in considering such messaging aggressive (even ‘terroristic’), in the specific mode of a self-fulfilling prophecy. If people listened, they’d bring everything crashing down.
It’s no less crucial to understand that, by inversion, the voice of central monetary authority is equally incapable of isolating the communication of objective information from the continuous flow of psychological operations. When the state monetary apparatus speaks, it exercises effective power. It commands. The sole value of fiat currency lies in a popular habit of obedience, which the state money power systematically sustains. There is no other usage of macro-economic signs.
‘Buy gold’ is a counter-revolutionary instruction to participate in the destruction of the state money system.
(… and now we have Bitcoin too.)