Courtesy of John Rubino.
Inflation is back, thanks to the past few years’ exuberant borrowing and currency creation. Meanwhile, populist politicians are gaining traction in Europe, threatening both the European Union and the eurozone.
The world has never seen this combination of excessive financial leverage and widespread political upheaval, so expect the next few years to be bad for most “risk-on” financial assets and great for safe havens like gold and silver.
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