SRSRocco Explains Why The Precious Metals Price Smash Is Meaningless
Investors need to realize the precious metals paper price smash this week is meaningless when we consider the underlying fundamentals of the U.S. and Global Financial System continue to disintegrate. Financial Industry expert, Vic Patane and I discussed why the current precious metals selloff is a nothing more than a mere distraction from the ongoing systemic financial disaster taking place at Deutsche Bank.
In addition, we covered many other topics, including the strange 2016 U.S. fiscal debt increase of $1.4 trillion, while the budget deficit was less than half of that. We also discussed why the U.S. net worth of $89 trillion (Q2 2016) versus $58 in 2010 is not based on reality as our total energy consumption is actually lower.