ITM Trading, Released on 3/25/20
Let the helicopter money begin. The Fed’s alphabet soup of QE roars in with a vengeance with a promise of unlimited free money, but they cannot reflate the economy alone this time, they need help. Enter new government programs that are starting at $2 Trillion in new money, but, in my opinion, will likely be much higher. All of this is supposed to be temporary, but one look at history shows it never really is.
Additionally, on the other side of this virus when people begin to spend that free money, any remaining value in the global fiat currencies is most likely to evaporate in a hyper-inflationary surge taking any wealth held in fiat money products with them.
When we get to the other side of this pandemic. Everything will have changed, including our financial system. If you want to hold on to your wealth and independence, I suggest you do what the smartest guys in money are doing, buying physical gold.
Links to slides and sources: https://www.itmtrading.com/blog/what-…
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to come together in community in order to survive and thrive through the hyperinflation she sees in the near future.