The FOMC caused turmoil last week, but the statements have only short-term effects. In the past, the Fed could not predict anything correctly, but only react. It will be the same this time. Real interest rates are negative in the U.S. across all maturities, which is in favor of gold. While debt is exploding and depreciating, the ratio of debt to GDP is also rising. There will be no return to normalcy. Collapse is inevitable when the paper money created loses its effect. And it will drag the banks into the abyss, which is why they want to strengthen them first with Basel III. But where will the equity capital come from? Problems can also come to the banks through unallocated precious metal accounts, which have to be backed by more equity capital. This can be avoided by converting them into allocated accounts. The effect on precious metals prices remains to be seen. Michael Burry, who was correct in shorting the US mortgage market, is now again warning of the mother of all crashes. Prepare yourself.