At the beginning of the coronavirus crisis, the market, stocks, and indices rebelled and refused to drop for over three months. However, the market could not bear it any longer, and stocks, indices, and many currencies fell. Only gold and a few other currencies remained.
History repeats itself. Everyone will fall, and only gold will remain.
The banking crisis started as a small problem with Silicon Valley Bank’s management, and they claimed it was a small problem. However, the bank collapsed, and many promised to save it, but no one could because they would go down with it. America rushed to print billions of dollars to save the situation, and the financial crisis was said to have been “contained.” Then, other banks began to collapse, and as The Wall Street Journal reported, nearly 200 banks faced the same problems. They said the major banks were “too big to fail.” Then one of these banks, Credit Suisse, collapsed in less than 48 hours. They said they would solve the problem immediately, and after more than a week, they agreed to buy it with strict conditions that preserve the buyer’s rights and increase them. Then more than $500 billion was withdrawn from small banks in 10 days, and the Federal Reserve’s budget rose by huge amounts exceeding $400 billion. The Federal Reserve is still looking for a 2% inflation rate under these circumstances, but what is this nonsense, Jerome Powell? Or rather, what is this manipulation and investor folly? Believe me, Powell, you will not succeed alone; you will need the support of Jay Powell, who supports you with everything he has. Because if the Federal Reserve falls, America will fall, and America will not fall alone; everyone will fall with it.
We will not let America fall. More than 50 years ago, American President Richard Nixon said in a televised speech to America, “Prosperity, without war, requires working on three fronts.” We must create more and better jobs, stop the rising cost of living, and protect the dollar from international speculators’ attacks.”
This is the American dream and will always remain so. When the Vietnam War came, it drowned the United States in debt from 1960-1970 because wars eat away at the state’s budget. What the United States did was stop printing money, as the state began to weaken, and the dollar began to fall, the United States had to print more money. As a result, they faced inflation, and the dollar became weaker. Today, America faces a similar situation, and it must work on the three fronts mentioned by Nixon to maintain its strength and stability.”
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