ECON Bob Moriarty: The Federal Reserve Has Guaranteed The US Dollar Will Decline


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Bob Moriarty: The Federal Reserve Has Guaranteed The US Dollar Will Decline
by Ceo Technician | posted in: Charts | 0

2020 continues to keep us entertained with unforeseen twists and turns occurring virtually every single day. In our last conversation before the November 3rd election in the US, 321gold founder Bob Moriarty and I discussed a wide range of topics including COVID-19, the US election, precious metals, and a junior miner that released extraordinary drill results this week. Without further ado, Energy & Gold’s October 2020 conversation with Bob Moriarty….

Goldfinger: Well Bob, we have no shortage of subjects to discuss today (laughs).

Bob Moriarty:
Here’s what’s funny. And I’m going to take credit for some of this. You remember me saying in the next two months, you would see some wild shit?

Goldfinger: Yeah, I do. And you also said we’re not going to have an election.
Bob Moriarty:
Well, here’s what’s crazy. We’re three weeks or so away. And you know, it keeps getting crazier and crazier and crazier. And some of the things that have been released literally in the last day or two are so staggering that it defies imagination.

Goldfinger: So, what would be an example of something that’s so staggering that it defies imagination?

Bob Moriarty:
Okay. Let me give you an analogy to make it a little bit easier to understand. Imagine you’re in the kitchen, cooking breakfast, and you drop an egg on the floor and it breaks. What do you do?

Goldfinger: Clean it up.

Bob Moriarty:
The key is, when you break an egg, you can’t unscramble it. Okay. It’s permanent. You can’t go back whole again. Now, let’s talk about Mueller, who was the head of the FBI, who was in charge of the fake investigation into the Russian interference that the FBI and CIA and Obama and Clinton knew all along was fake. The Department of Justice issued 92 phones to its staff and under the government rules for maintaining records, those phones had to be turned back in with the records on. Of the 92 phones, 80 of them had no significant information. Only 12 of them were legal and 30 of the phones had been totally wiped. Now then, could the head of that committee, who was the former head of the FBI, could they have done that to the phones without his approval?

Goldfinger: I’m guessing probably not.

Bob Moriarty:
Well, I would say if 80 phones out of 92 phones, they violated the law. I would say probably not, as well. Clinton, Hillary Clinton, was tearing Trump a new asshole. What arrogance. And they made their arrogance clear when I listened to Comey, his testimony lately. “Oh, I was just head of the FBI. I mean, I didn’t know anything about those FISA Warrants. I just signed them. It wasn’t like it was my job to oversee it. I had people working for me. It was their job to make sure it was right.” And I’m going, “What? Did this guy really just say that?” So, we’ve got Hillary Clinton, who is the instigator of the whole thing in the first place. So, she could get away with her violations of the record laws. Obama knew all about it. Brennan knew all about it. The CIA knew all about it. Holy shit. Now, let me prove to you just how stupid and corrupt the entire United States government, at every level, has become. You know what Newsom, governor of California, just came out with and said today?

Goldfinger: Something about not allowing people to go to theme parks?

Bob Moriarty
: Nope. It was better. It was a lot better. He put out at Twitter and he said, “If you’re going out with your family to a restaurant, make sure you put your mask on in between bites.”

Goldfinger: Oh, right, I saw that. All these covid headlines run together at this point.

Bob Moriarty:
But when you look at Hillary Clinton and her arrogance and James Comey and his arrogance, and Brannan and his arrogance, and Peter Strzok and his arrogance, we have broken the egg. The CIA has been totally corrupted. The FBI has been totally corrupted. The governor of California is a blithering idiot. You can’t go back home again. I mean, nothing is going to get better from that. And you can have all the theories in the world on how to put that egg back together, but it ain’t going to happen.

Goldfinger: Exactly. So, I don’t want to get into the whole election thing, because it’s simply a never ending topic and everyone seems to have very strong opinions. However, I do want to point out that the country is very emotional, very passionate about this election. People on all sides of the spectrum have very strong opinions, and it’s kind of hard to stomach even going on social media or reading the news right now because it’s just constant. We have all these election ads here in Florida going nonstop. And they must think that the average American voter is very, very dumb, because the ads are so blatantly biased and dumbed down that it’s absurd to believe that anything that’s being shown to us is anywhere near the truth or being objective. It’s impossible. You like to use the saying “gag me with a spoon”. I feel like I want to gag myself with a spoon multiple times a day in the last couple of weeks. Is there anything to look forward to, once we get past this election? Is there any glass half full sort of interpretation to be had here? Can the country get over the election and move forward with some semblance of unity?

Bob Moriarty:
Yeah. We can look out and we could say, “Thank God I’m going to die someday. And I don’t have to put up with any more of this shit.”

Goldfinger: Well that doesn’t sound very optimistic. The whole COVID thing has really evolved, it’s been an interesting year, for sure. In January and February, it was very scary. I don’t care who you were. It was very scary because we didn’t really know what was coming.

And then, obviously, the markets had a seizure in March. And then, basically since March, it’s been a year of becoming increasingly comfortable with COVID because we know what it is. We’ve learned more about what it is, we know the fatality rate is much lower than what was initially feared, and we’ve developed better treatments. Obviously we’ve seen what markets have done with the support of the Fed and Treasury etc. Is COVID over from a market perspective? We’ve faced the worst fears and now we are emerging from the abyss, the future could be much brighter in a post-COVID world.

And to put a bowtie on it, I think the fact that the President of the United States contracted the virus and miraculously recovered in a few days tells us that we are way beyond peak-COVID. Why are we still talking about a virus that has a .1% fatality rate?

Bob Moriarty:
Because the media is playing it up and trying to keep everyone in fear. With experimental tests that have no particular validity at all. We know how to cure it. We know what the problems are. We know who’s at risk. We know the lock downs are killing more people because of suicide than because of COVID. The government has screwed the pooch from the very beginning. We have total failure of government at every level. When you start talking about the stock market now, there is zero connection between the stock market and reality. It is absolutely Never Never Land. If you want to understand it, go take a quart or two of LSD and smoke it. That’s the only way you can understand what’s going on today. We’re in Never Never Land. It’s going to continue to get worse.

The insurrection, the coup d’etat on the part of the State Department, on the part of the Department of Justice, on the part of the FBI, on the part of the CIA is going to continue until eventually the military says, “Okay, it’s getting way too stupid. We’re going to take charge.” There will be a military takeover in the United States. Now whether it’s before the banks close or after the banks close, or before the hyperinflation, or after the hyperinflation, I don’t know. There is nothing good on the horizon, because we have nothing but a herd of clowns and idiots running this country.

Goldfinger: Okay, so you said a few times that we’re not going to have an election this year. Are you still standing by that?

Bob Moriarty:
What I meant to say is we might have an election. Okay, I’ll give credit there. There’s so much stupidity going on now, that I just don’t know how it could get worse. I just know it will get worse. Both the Democrats and Trump are setting up for a conflicted election, if it does take place. At the end of the day, we’re going to say, “Jesus, we would have been far better off if the military had taken over in October.”

We’re so crazy now that I don’t think that any rational person could actually predict what’s going to happen in the next three or four months. I don’t think it’s possible. I think even the suggestion that you think you know what’s going to happen, I don’t think it’s possible. That certainly includes me.

Goldfinger: I posted a chart yesterday, showing Trump’s odds to win in 2016. According to the various polls and bookmakers, Trump’s odds of winning are following a similar pattern to 2016. In the days before the 2016 election Trump’s odds of winning dropped to about 20%. We’re seeing a similar pattern this year, where Trump had a little bit of a lift in early August, and then he’s been tumbling ever since. Depending on where you look, Biden is roughly a two to one favorite. Trump’s odds to win, according to most places, are about one in three, which is very similar to where they were four years ago. If it follows the same pattern his odds to win are going to drop even more over the next few weeks, but then in 2016 obviously, he pulled out the big upset on election day. Is there any chance of something like that happening again this year?

Bob Moriarty: Absolutely. I don’t think the people doing the polls are doing a real poll. I think those are rigged. They’re trying to rig it for Biden. Let’s talk like adults for just a minute.

Joe Biden is senile and he’s a criminal. Why on earth would he be the best pick the Democrats could come up with? I don’t even want to get into Kamala Harris. She’s already talking about her administration. Huh? It’s going to be an interesting time.


The remainder of the article is a discussion of PMs and stocks, you can see it at the link if interested.