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Housekeeping: Good afternoon. Must Listen. This is a long one with a ton of material. It intentionally was kept to a clean translation with little digression. This is about Booms, Busts and Stagflation. It’s about Gold and how it all truly rhymes with the period of 1970-1979. We are somewhere between 1972 and 1975. suggest: Follow along and do not miss it.

* 2:47- The Price is right

* 9:10- Tale of the Tape

* 10:30- Biggest Picture

* 14:40- Long Gold, Bonds, Breadth into YCC

* 28:10- Booms, Busts & Visible Fists

* 50:05- Invisible hand to visible fist

* 1:02- The Zeitgeist in Tokyo & Singapore

Summary:

Nixon’s 1970s interventionist policies of Fed pressure, wage and price controls, and dollar debasement created a short boom that ended in inflation, then stagflation. Trump is now pursuing updated interventions in energy, healthcare, and utilities to suppress domestic prices and gain trade leverage.

During the 1970s, bonds failed while small caps, value stocks, commodities, real estate, and gold outperformed, with gold frequently surging as the most reliable everything hedge. Today, yield curve control (which is next according to Hartnett) and quantitative easing weaken the dollar in similar fashion, reinforcing gold’s strategic importance in coming stagflationary conditions.

We break Hartnett's insights down piece by piece for investors.