Stocks, bonds, real estate & the dollar about to get “vaporized” – Zero Hedge

Stocks, Bonds, Real Estate & The Dollar About To Get “Vaporized”

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WEDNESDAY, AUG 17, 2022 – 4:22

Submitted by QTR’s Fringe Finance

A couple of days ago, I had the chance to interview my good friend Andy Schectman, President & Owner of Miles Franklin Precious Metals, a company that has done more than $5 billion in sales.

Andy is a world-renowned expert in the field of precious metals and took the time to answer some pressing questions I had about about the state of energy markets in the U.S. and the quickly shifting landscape that the global economy sits on, with the BRIC nations banding together and collectively laughing at the West since the sanctions on Russia went into effect several months ago.

In what can only be described as an extremely disturbing interview that left my jaw agape by the end of it, Andy and I have a frank discussion about:

  • The price of oil and the country’s response to higher prices
  • How the Fed is trapped between a rock and a hard place, between inflation and recession right now
  • The BRIC nations banding together economically and challenging the U.S. dollar as global reserve currency
  • Andy’s thoughts on how nearly all traditional assets – including stocks, bonds a real estate and the dollar, may wind up “vaporized”

“Inflation is everywhere and gas is just one of the places,” Andy says. “Inflation is rampant. They’ve been pointing to the prices of certain things, but inflation is always a monetary phenomenon. We have not seek peak inflation, but bringing down the price of gas $0.30 or $0.40 is encouraging, but I don’t think it’s anything substantive at all.”

When I asked about how the Biden administration was dealing with the issue, Andy said: “I think the strategic oil supply is supposed to be strategic, yet why were they selling so much oil from it to China and Pakistan?”

He continued about inflation: “I don’t think the 9.1% is the peak – not even close to it. I think the 9.1% is bullshit as well.”

Speaking about what course of action the Fed is going to wind up taking, Andy makes its clear he’s in the camp that the Central Bank is definitely going to pivot. And he also lays out how traditional assets could wind up “vaporized”.

“I don’t think that the Fed has any intention of doing what they say, I do believe…(READ FULL INTERVIEW AND LISTEN TO AUDIO, FREE, HERE).

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