USA Watchdog, Released on 8/28/21
“All we can do is prepare for a time when this finally implodes because it will. Confidence will eventually collapse. Confidence is like Hemmingway’s explanation of how he went bankrupt. He was asked, ‘How did you go broke?’ He said, ‘At first slowly, and then, all at once.’ Confidence gets chipped away a little bit at a time like what you are seeing in Afghanistan, and then, all at once. That is eventually what is going to happen. You got to be using this time to prepare for that.”
Known primarily by his nickname “Turd Ferguson,” Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.