Nenner Warns America: "Depression First, Then Hyperinflation, Buy Gold"

Via Greg Hunter’s USAWatchdog.com,

Renowned geopolitical and financial cycle expert Charles Nenner says don’t believe the Federal Reserve when it says it expects “the strong performance of the economy will continue.”

According to Nenner, it’s about to go the other way - down. Nenner explains,

Definitely, later this year, the interest rates are going lower, and it could be much lower. We did work on all kinds of economic indicators. Employment is not going to be as good anymore as they say.

Inflation is not going to be as strong as they expect. The commodity index is breaking down. Copper cycles are down. Crude oil cycles are down. Soon, everybody is going to wake up again and say hey, what’s going on? It is very interesting how Wall Street is approaching all the indicators...

If you do your homework, everything actually looks like the economy is weakening.”

How bad is this financial cycle going to get? Nenner is not afraid to use the “D” word. Nenner contends,

Still, the Fed talks like this could continue forever, and it’s the longest expansion. So, why do you think this time is going to be different? If you start with this low of GDP and interest rates and then you get to recession or depression, then you definitely get into at least disinflation.”

So, does Nenner see an actual depression coming soon? Nenner says,

“Yeah, I have been saying that for many years...

Yes, if you look at the... long term cycles. Yes, we are going to a hyperinflation, but first, we are going to have a deflation scare...

We have one more scare of deflation before we get into real big inflation problems. It is a matter of timing. So, it could be a couple of years away.”

On gold and silver, Nenner thinks they both rise in price, but not until after a bit more pain for holders of precious metals. Nenner says,

“Gold is going to enter a new bull market. The first cycle will bottom after the summer. $1,212 per ounce is our downside target. If it hangs around there and it’s after the summer, we will probably give it a buy signal. If that breaks, we will come up with a new low price target, but it definitely will enter a new bull market. Gold is in a bull market even though it came down from $1,900 per ounce...

It’s going to pick up anyway in a couple of months, but is it going to be from $1,212 or a lower price target?

So, would Nenner be a seller of gold? Nenner says, “No, not now . . . it’s going to top $2,500 per ounce . . . in about two years or so.”

Join Greg Hunter as he goes One-on-One with renowned financial and political cycle expert Charles Nenner.

(This report talks about the coming downturn in the economy, Donald Trump and gold starting a new bull market.)

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Comments

Free This FireBrander Fri, 07/20/2018 - 16:05 Permalink

I started on 2006, LOL...I still have plenty of greenbacks to buy more, but I will buy more lead before I do that. Beans, bullets and bullion. Hell of a lot to prepping, but knowledge will be top priority.

Also, in 2006 I wrote 6,000 1st quarter 2009 on a piece of paper and gave it to my son. I was not far off, now was I.

This thing is about to blow, economic devastation, civil unrest, not sure which comes first, but it's coming like a freight train.

They've digitized and QE'd, but there are no more arrows in the quiver this time. Form a posse boys and girls, people you know and trust now, cause you won't know who to trust once the shitstorm gets here.

I think his timing is off, but that is just me.

Sic Semper Tyrannis

In reply to by FireBrander

Wild Bill Steamcock FireBrander Fri, 07/20/2018 - 16:09 Permalink

Full collapse, my envisioning would be gold holders are only going to be trading with each other, and maybe a hand full of other people.  Bitcoiners, well...they've got a hard time spending those as it is right now.  I'm open to education and correction on that though

In reply to by FireBrander

Free This Wild Bill Steamcock Fri, 07/20/2018 - 16:13 Permalink

Well, when the dust settles, by that I mean, things become somewhat normalized. After we have scrapped up all the bodies and burned 'em.

I hate to be so brutally honest, but I have lived and experienced full on collapse and civil war before.

Hell, there will be a lot of free stuff too...those dead bodies will have owned things too.

I really hate to say all of this, I really do.

In reply to by Wild Bill Steamcock

Ron_Mexico FireBrander Fri, 07/20/2018 - 16:26 Permalink

um, just because some segment of the population can't afford something doesn't mean it can't still function as a store of value.  Very few, for example, can afford beach real estate in Malibu. That doesn't mean it can't hold value relatively well.  Of course, you might need smaller, more liquid currency for everyday life.

In reply to by FireBrander