Bitcoin and Gold On The Rise After Rate Cut Does Nothing To Stop Market Crash
It was just several days ago that we witnessed a major 3000+ point drop in the Dow and it is currently down another thousand points on Thursday.
Without warning, on Tuesday, the Federal Reserve decided to massively cut rates by half a percentage point in an emergency effort to “shield the US economy” from the “threat” of the coronavirus.
As one may expect, this announcement has brought with it panic in the equity markets and the Dow sloughed off another 1000 points.
What does that say about the lack of control the Federal Reserve has over markets if even after the largest rate cut in over 10 years, the market still plunges?.
All this has happened just less than two weeks after our Senior Analyst, Ed Bugos, made an incredible call to short the market right before it all began to collapse.
For a while now, Ed has been saying that the top for the US dollar is in. Here is a portion of his most recent update yesterday:
Of course, at TDV we know that the Federal Reserve could care less about the coronavirus, and merely needed an excuse to dramatically cut rates in order to keep up the same charade.
As I have said since 2010, the Fed would never be able to raise interest rates in a meaningful way again, because of the debt burden. What better crisis to piggyback on than the current virus in vogue.
And as we’ve seen, rates have since dropped and are on track to being negative.
And just like the beginnings of the 2008 financial collapse, all of a sudden, things are shaping up similarly with the Federal Reserve boxed into having to print more money in an attempt to prolong the inevitable.
On the brightside, all this bearishness for US markets and the dollar has given a nice boost to bitcoin prices as well as the precious metals.
Laughably, two days ago Peter Schill spoke too soon by once again desperately trying to save face from his previous incorrect bitcoin remarks dating back to 2011.
And here we are with over $9k bitcoin and climbing once again Pete. At what point do you turn bullish on an asset? It’s outperformed every asset in every class for the last 5 years.
In today’s “walk n’ talk” with Lucy we discuss how the market’s reaction to the Federal Reserve’s desperate rate cut is one of the biggest things we’ve seen in the markets in a long time.
You can watch it all here:
https://www.youtube.com/watch?v=1mWPKwjQgBo&feature=youtu.be
If you want to learn more about protecting yourself and profiting massively from this major shift in the market, check out our variety of ebooks, including Bitcoin Basics and Getting Your Gold Out Of Dodge which are all included with a subscription to The Dollar Vigilante newsletter (subscribe HERE).
