Here is David Stockman’s chart of the day and it spells big trouble for the United States.

David Stockman
(King World News) – The following comment and chart is from David Stockman: 

Chart Of The Day: Uncle Sam’s Free Money Drying Up Fast

Someone responded to David Stockman by saying:  “In the meantime…” and presented the following chart of silver holdings, including JP Morgan’s massive hoard.

The Bottom Line
King World News note: It is important to remember that the 7-year cyclical bull market in the US dollar has ended. The 7-year cyclical bear market is barely one year old and it will take the US dollar much lower before the bear market ends. This will be extremely bullish for gold and silver as well as the high-quality companies that mine the metals as the dollar continues to weaken after its most recent countertrend rally.