"Ninety-nine percent of boomer 'success' was just interest rates falling for [forty] years because they destroyed the real economy."
PS: In case you're confused ...
PPS: In case you're still confused:
"How can stock market valuations be at or near historical highs while the average [person] is about as pessimistic as they’ve ever been?
"This contradiction is a perfect illustration of the financial fun house — and the extreme distortions that relentless money printing has pumped into the system.
"If fiat currency is a dishonest measuring stick — and it is — then how do we accurately measure the stock market?
"The best option is to measure value in gold, honest money that no politician can arbitrarily debase.
"If measuring in fiat is like looking into a fun-house mirror, then gold is a mirror of truth. And when we measure the stock market in gold, that truth becomes clear. Below is a chart of the S&P 500 measured in gold going back to 1950.
"Viewed through the lens of gold, the stock market tells a very different story than it does in fiat terms — and this chart makes that unmistakably clear.
"The most striking feature of the chart is what isn’t there: a sustained upward trend. The S&P 500 today is worth the same amount of gold it was in 1995.
"Despite decades of nominal gains, the stock market has repeatedly given back those gains when measured against gold. In other words, the rising stock market was more a reflection of currency debasement than of real wealth creation.
"This helps explain the disconnection at the heart of today’s market. In fiat terms, stock prices appear to be at record highs. But in gold terms — a unit that cannot be printed — the market looks far less extraordinary."
~ Nick Giambruno from his post 'The Melt-Up Trap: Why Stocks Must Rise Until the Dollar Breaks'
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