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Jeffrey Christian & Chris Waltzek - August 27, 2015.

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Summary:

  • Prominent economic analyst, Jeffrey Christian of CPM Group rejoins the show on the heels of a pilgrimage to South Africa.
  • His team correctly forecasted the commodities sector weakness.
  • The cyclical decline in the bull market in commodities should conclude by 2018. Our guest thinks the US Fed is behind the financial trends.
  • A Fed rate hike of the benchmark lending rate is a non-sequitur.
  • Given the recent currency / equities market turmoil, worldwide.
  • Our guest is watching for signs that investors in China start booking substantial equities profits, redirecting capital into the precious metals market.
  • The battered crude oil sector could be presenting entry opportunities; any price below $40 represents a fair price, according to their models.

Prominent economic analyst, Jeffrey Christian of CPM Group rejoins the show on the heels of a pilgrimage to South Africa. His team correctly forecasted the commodities sector weakness - they expect the cyclical decline in the bull market in commodities by 2018. Our guest thinks the US Fed is behind the financial trends; raising the benchmark lending rate is a non-sequitur, given the recent currency / equities market turmoil, worldwide. Our guest is watching for signs that investors in China start booking substantial equities profits, redirecting capital into the precious metals market. They are watching the battered crude oil sector for entry opportunities; any price below $40 represents a fair price, according to their models.

 

 

 

 

David Nicoski & Chris Waltzek - August 26, 2015.

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Summary:

  • David Nicoski of Vermilion Technical Research makes his debut on the show - he deciphers the market dynamics from a technical perspective, in particular relative strength analysis. Starting last Wednesday, the market plunged sharply, fulfilling a bearish diamond pattern prophecy.
  • The thousand point decline in the Dow Jones Industrials Average last week was followed by a 1,000 point intraday collapse on Monday.
  • Our guest expects further negative price action amid a flurry of unexpectedly bearish news events.
  • An ominous diamond pattern recently emerged in US equities - strikingly similar to the 1929 market zenith.
  • One overlooked gem in the rough is the Nikkei index (DXJ).
  • David Nicoski thinks that Japan's equities bourse is on the cusp of a 10 year bull cycle.
  • His analysis on individual sectors can markedly improve portfolio results, as the typical difference between solid / weak sectors exceeds 45%.
  • The guest notes the US stock indexes should not be compared beyond a few years, as stocks are added / dropped too frequently to make useful comparisons.
  • He is waiting for a bottom pattern to unfold in the PMs sector, such as an inverse head and shoulders, double / triple bottom.

David Nicoski of Vermilion Technical Research makes his debut on the show - he deciphers the market dynamics from a technical perspective, in particular relative strength analysis. Starting last Wednesday, the market plunged sharply, fulfilling the diamond pattern prophecy. The thousand point decline in the Dow Jones Industrials Average last week was followed by a 1,000 point intraday collapse on Monday, which ended the day with a 588 point loss. Our guest expects further negative price action amid a flurry of unexpectedly bearish news events. An ominous diamond pattern recently emerged in US equities - strikingly similar to the 1929 market zenith. One overlooked gem in the rough is the Nikkei index (DXJ) - David Nicoski thinks that Japan's equities bourse is on the cusp of a 10 year bull cycle. His analysis on individual sectors can markedly improve portfolio results, as the typical difference between solid / weak sectors exceeds 45%. The guest makes an interesting point: the US stock indexes should not be compared beyond a few years, as stocks are added / dropped too frequently to make useful comparisons. He is waiting for a bottom pattern to unfold in the PMs sector, such as an inverse head and shoulders, double / triple bottom.

 

Gary Dorsch & Chris Waltzek - August 20, 2015.

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Summary:

  • Gary Dorsch, publisher of Global Money Trends Newsletter, notes how officials around the globe continue to debase their money to bolster ailing economies.
  • The race to the bottom may have dire consequences, worldwide.
  • Not only are some company shares collapsing, but their bonds, too.
  • Our guest notes that the economy is producing on average 200,000 jobs per month, home prices have recovered while corporate conditions have improved markedly, so it's inappropriate to hold rates near zero.
  • Expect the Fed to follow the advice of the BIS and end the 6.5 year holding pattern with a rate hike next month.
  • The ECB and BOJ will continue quantitative easing by a combined $1.5 trillion.
  • Yields on low quality bonds continue to soar, pushing prices to record lows.
  • Our guest expects gold to find a bottom around $1,000 per ounce.
  • Proviso: if the Fed holds rates steady, the bottom may already be in place.

Gary Dorsch, publisher of Global Money Trends Newsletter, outlines global currency volatility - officials around the globe continue to debase their money to bolster ailing economies. Nonetheless, the race to the bottom may have dire consequences, worldwide. For instance, not only some company shares are collapsing, but their bonds, too. The impact on the sector is profound and officials are advised to take notice, as the infection could spread systemically through the economy. Our guest notes that the economy is producing on average 200,000 jobs per month, home prices have recovered sprightly and corporate conditions have improved markedly, so it's inappropriate to hold rates near zero. Therefore, he expects the Fed to follow the prodding of the Bank of International Settlements (BIS) to end the 6.5 year holding pattern and hike rates next month, while the ECB and BOJ accelerate quantitative easing by a combined $1.5 trillion. The net effect amounts to financial rocket fuel, which could catapult the US dollar higher, over the next year. Yields on low quality bonds continue to soar, pushing debt prices to record lows, similar to 2008. Gary Dorsch expects gold to find a bottom around $1,000 per ounce, due in part to the $1,000 per ounce mining cost of production. However, if the Fed fails to hike rates as predicted, the bottom may already be in place.

Peter Schiff & Chris Waltzek - August 17, 2015.

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Summary:

  • Peter Schiff, Chairman of SchiffGold.com and the host discuss the expected Fed rate hikes, scheduled for as soon as next month.
  • Our guest thinks the benchmark rate will remain set near zero, providing the rocket fuel to propel the precious metals into orbit.
  • The domestic economic is in far worse shape than indicated by the official data so a rate hike could crush the economy.
  • Fed officials will avoid rate hikes igniting a new wave of quantitative easing, QE4.
  • Signs of underlying economic weakness abound, such as the lowest home ownership rate in 50 years.
  • The guest / host concur that the Monetarist panacea involves holding rates steady and not raising them to ward off the looming financial crisis.
  • Peter Schiff calms investors concerns regarding the bear market, noting that another 20 year downtrend is unlikely.
Peter Schiff, Chairman of SchiffGold.com and the host discuss the expected Fed rate hikes, scheduled for as soon as next month. Our guest thinks the benchmark rate will remain set near zero, providing the rocket fuel to propel the precious metals into orbit. The domestic economic is in far worse shape than indicated by the official data so a rate hike could crush the economy. Therefore, Fed officials will hold off on rate hikes. He expects a new wave of quantitative easing, QE4 as officials recognize the bogus statistics has also limited their available options to avert an economic implosion. Signs of underlying economic weakness abound, such as the lowest home ownership rate in 50 years - low income growth cannot support inflated McMansion mortgages. The guest / host concur that the Monetarist panacea involves holding rates steady and not raising them to ward off the looming financial crisis. Peter Schiff calms investors concerns regarding the bear market, noting that another 20 year downtrend is unlikely, thanks in no small part to the following financial bubbles: real estate, bonds and equities. Gold stocks are the cheapest in history, even better valued than in 2000.

 

 

John Williams & Chris Waltzek - August 13, 2015.

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Summary:

John Williams of Shadowstats.com returns to the show with dire comments on the domestic economy.
Headline inflation is understated by opaque statistical methods, making national output seem much more robust than reality.
Dollar strength is supported by the perception of economic recovery, but a stealth recession looms.

Once the the public recognizes they've been duped and panic ensues, his models indicate that gold and energy investments will ascend to inspirational heights.

John Williams thinks investors should ignore the FOMC; even if officials raise rates in September and again in December, the markets have already discounted the event.

His constructs all foretell of a singular, inevitable outcome - global hyperinflation.

John Williams of Shadowstats.com returns to the show with dire comments on the domestic economy. Headline inflation is understated by opaque statistical methods, making national output seem much more robust than reality. In fact, a stealth recession looms. Dollar strength is supported by the perception of economic recovery, but the fata morgana could evaporate, leading to a devaluation of Herculean proportions. Once the panic ensues, his models indicate that gold and energy investments will ascend to inspirational heights. John Williams thinks investors should ignore the FOMC; even if officials raise rates in September and again in December, the markets have already discounted the event. His models / constructs all foretell of a singular, inevitable outcome - global hyperinflation.

 

Dr. Stephen Leeb & Chris Waltzek - August 11, 2015.

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Summary:

Dr. Leeb and the host discuss the opportunity for every nation to extend friendship, embrace and glean pearls of wisdom from the second largest economic powerhouse, China to garner synergies across this national borders.
Dr. Leeb applauds China's initiative, in particular the recent 2015 stock market crash of 30% in only 3 weeks (PEK) was offset via swift intervention.
The host agrees with Dr. Leeb's stance on gold backed currencies - it is an inevitability that price will adjust to reflect the true intrinsic value.
The discussion turns to the 2,500 year old book of wisdom, The Art of War by Sun Tzu (Free .Pdf copy here).
Dr. Leeb suggests the story of Ah Q, based loosely on reality, a China folk hero who overcame the slings of false accusations, slander and belittlement.
By understanding the wisdom of respect and fair treatment, Western officials, diplomats and business people can build synergies with China.

The duo discuss a concept posed in Wealth Building Strategies, Waltzek (2010), where officials could have directed the credit crisis related, trillions of dollars in bailout funds directly to struggling homeowners, and restored the financial system by reenacting the Glass-Stegall Act.

If US officials had accepted that the onus of debt repayment involves a partnership between the lender and the debtor, this nation would flourish amid a new economic-rennaissance.

Dr. Leeb reexamines gold in terms of fiat money, noting gold's platonic qualities, particularly when juxtaposed against paper money.

When the monetary system eventually implodes and the injustices between the top and bottom classes comes to the fore, gold will again regain an essential role in global society, making the precious metals a must-have asset for every individual.

Professed Americanophiles, Dr. Leeb and the host discuss the opportunity for every nation to extend friendship, embrace and glean pearls of wisdom from the second largest economic powerhouse, China to garner synergies across this national borders. Dr. Leeb applauds China's initiative, in particular the recent 2015 stock market crash of 30% in only 3 weeks (PEK) was offset via swift intervention on the part of officials (companies were allowed to halt share trading, and certain short selling was banned, etc..). The host agrees with Dr. Leeb's stance on gold backed currencies - it is an inevitability that price will adjust to reflect the true intrinsic value at an astronomically higher price, reflecting the enormous paper money scheme. The discussion turns to the 2,500 year old book of wisdom, The Art of War by Sun Tzu (Free .Pdf copy here). Dr. Leeb suggests the story of Ah Q, based loosely on reality, a China folk hero who overcame the slings of false accusations, slander and belittlement. By understanding the wisdom of respect and fair treatment, Western officials, diplomats and business people can build synergies with China to the benefit of both cultures. In addition, the duo discuss a concept posed in Wealth Building Strategies, Waltzek (2010), where officials could have directed the credit crisis related, trillions of dollars in bailout funds directly to struggling homeowners, and restored the financial system by reenacting the Glass-Stegall Act. If US officials had accepted that the onus of debt repayment involves a partnership between the lender and the debtor, this nation would flourish amid a new economic-renaissance. Dr. Leeb reexamines gold in terms of fiat money, noting gold's platonic qualities, particularly when juxtaposed against paper money. When the monetary system eventually implodes and the injustices between the top and bottom classes comes to the fore, gold will again regain an essential role in global society, making the precious metals a must-have asset for every individual.

 

Gerald Celente & Chris Waltzek - August 7, 2015.

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Summary:

Gerald Celente says the Greeks invented Western society and are now at the forefront of its decline.
The duo discuss how the end of the Glass-Steagall Act, opened Pandora's box, leading to the crisis of 2008.
The banking system was not intended to be a national casino, but was established first as a means to facilitate individuals and businesses.

Despite the 2008 credit crisis that nearly collapsed the global economy, resulting with a total reset, little has changed.

The necessary legislation was not reinstated and 7.3 billion global inhabitants will eventually face another financial crisis of even greater significance.

Gerald Celente agrees that the economy is bifurcated between the haves and have-nots.

He makes a début announcement on Goldseek.com Radio: an equities crash is imminent.

Although the host does not concur with their sentiments, a correction of 10-20% is overdue, given empirical data.

Gerald notes the strong dollar may be tough for domestic gold investors, but global investors are benefiting from precious metals valuations relative to the lost purchasing power of their currencies. Gerald Celente returns to the show with the latest edition of the Trends Journal. He says the Greeks invented Western society and are now at the forefront of its decline. The duo discuss how the end of the Glass-Steagall Act,(passed in 1933 as the Banking Act, which forbid money center banks managing individual accounts from engaging in speculative ventures with client funds), opened Pandora's box, leading to the crisis of 2008. The banking system was not intended to be a national casino, but was established first as a means to facilitate individuals and businesses. Yet despite the 2008 credit crisis that nearly collapsed the global economy, resulting with a total reset, little has changed - the necessary legislation was not reinstated and 7.3 billion global inhabitants will eventually face another financial crisis of even greater significance. Gerald Celente agrees that the economy is bifurcated between the haves and have-nots he makes a début announcement on Goldseek.com Radio: an equities crash is imminent, an ontology shared with virtually every previous pundit from earlier episodes on the show. Although the host does not concur with their sentiments, a correction of 10-20% is overdue, given empirical data. Gerald notes the strong dollar may be tough for domestic gold investors, but global investors are benefiting from precious metals valuations relative to the lost purchasing power of their currencies.

 

Bob Hoye & Chris Waltzek - August 5, 2015.

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Recap:

Bob Hoye, senior investment strategist at Institutional Advisors, and the host examine the markets for signs of financial crisis.
Thanks to profligate money printing and complex derivatives, speculation is rife, increasing exposure and the risk of another financial crisis.

Amid several recent equities market implosions, in peripheral-nations, the infection could soon spread to Wall Street.

Bob Hoye presents his key technical market forecasting / prediction metrics, offering an invaluable educational opportunity for the technically inclined.

Following a three year rout, Bob expects a new gold rally to ignite the next bull market.

The general equities market is showing signs of fatigue, given the weak advance / decline figures and negative seasonal factors.

The host defends the gold standard as the de facto monetary base.

The common argument put forward by naysayers, that there's simply not enough gold / silver to back all the money in the world, is a non sequitur an inevitable price eruption of epic proportions, looms.

Given the widening credit spreads and deflation threat, Bob suggests reducing debt exposures.

The duo applaud the work of Tutte and Flowers, two unsung heroes who facilitated the decryption of the Lorenz machine, the indecipherable cousin of the Enigma machine, considered an impossible intellectual feat at the time.

Bob Hoye, senior investment strategist at Institutional Advisors, and the host examine the markets for signs of financial crisis. Thanks to profligate money printing and complex derivatives, speculation is rife, increasing exposure and the risk of another financial crisis. In addition, amid several peripheral-nation equities market implosions, the infection could soon spread to Wall Street. Bob Hoye presents his key technical market forecasting / prediction metrics, offering an invaluable educational opportunity for the technically inclined. Following a three year rout, Bob expects a new gold rally to ignite the next bull market. Conversely, the general equities market is showing signs of fatigue, given the weak advance / decline figures and negative seasonal factors. The host defends the gold standard as the de facto monetary basis, noting how a founder of the field of economics, Adam Smith's invisible hand virtually assures that market forces will eventually overcome official schemes, sending the precious metals prices skyward. The common argument put forward by naysayers, that there's simply not enough gold / silver to back all the money in the world, is a non sequitur - an inevitable price eruption of epic proportions, looms. Given the widening credit spreads and deflation threat, Bob suggests reducing debt exposures. The duo applaud the work of Tutte and Flowers, two unsung heroes who facilitated the decryption of the Lorenz machine, the indecipherable cousin of the Enigma machine, considered an impossible intellectual feat at the time. Their efforts arguably turned the tide of the Great War in favor of the allies.

 

Richard Daughty & Chris Waltzek - July 23, 2014.

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Summary:

Richard Daughty, AKA "The Mogambo Guru," returns to the show with comments on the impending Fed rate hikes.

Officials have borrowed far beyond their means, putting their constituents on the line in similar fashion as every other defunct government in economic history.

Not once in recorded history has any society escaped the clutches of a fiat paper system without facing severe financial consequences.

With nearly half of investors wealth tied to the US stock market, officials have a vested interest in holding prices artificially high.

The lack of transparency is becoming intense, financial opaqueness is the new standard practice.

The Mogambo has not ruled out divine intervention, yet he's hesitant to stake the household nest egg on it.

The duo compare the financial mess to the fateful last voyage of the RMS Titanic

Overconfidence has resulted with too few life boats for over 300 million Americans.

Savvy investors have learned the lesson of history, by adding precious metals investments to their portfolios, no financial iceberg is large enough to breach the portfolio hull.

The portability of precious metals further enhances the life preserver-like qualities.

Richard Daughty, AKA "The Mogambo Guru," returns to the show with comments on the impending Fed rate hikes. Officials have borrowed far beyond their means, putting their constituents on the line in similar fashion as every other defunct government in economic history. Not once in recorded history has any society escaped the clutches of a fiat paper system without facing severe financial consequences. With nearly half of investors wealth tied to the US stock market, officials have a vested interest in holding prices artificially high. His work indicates that huge amounts of capital is swept from the domestic banking system after business hours, directed to the bond market to maintain the status quo. But the lack of transparency is becoming intense, financial opaqueness is the new standard practice. The Mogambo has not ruled out divine intervention, yet he's hesitant to stake the household nest egg on it. The duo compare the financial mess to the fateful last voyage of the RMS Titanic - overconfidence has resulted with too few life boats for over 300 million Americans. Nonetheless, savvy investors have learned the lesson of history, by adding precious metals investments to their portfolios, no financial iceberg is large enough to breach the portfolio hull. The portability of precious metals further enhances the life preserver-like qualities.

John Embry & Chris Waltzek - July 21, 2015.

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Abstract:

John Embry, Chief Investment Strategist at Sprott Asset Management, returns to the program with his thoughts on the precious metals sector.
The duo caution investors from parking too many investment portfolio eggs in paper assets, stocks / bonds given the abrupt rout in the Shanghai index

Conversely, the pullback in the precious metals sector is presenting a golden opportunity to procure value via dollar cost averaging.

Given the current mega-discounted prices, gold and silver producers are trading at a fraction of the price of their underlying metals.

Our guest notes the Greek nation is bankrupt, but EU economic ministers are constrained from stringent practices, because an exit could damage credibility, sending the dominos falling among other debt laden peripheral members.

The guest and host concur that the onus of responsibility for debt repayment falls squarely on the shoulders of the lender.

Nevertheless, the easy money carrot is still dangling, as the potential profits are too enticing for some to resist.

A mini-case study of Greece vs. Iceland involves the 2008 credit crisis.

Iceland emerged in far better economic shape.

By managing lenders and focusing on the rights of individuals, unemployment and GDP, economic order quickly revived, relative to Greece, where officials chose to ignore the Icelandic success story (Figures 1.1. - 1.3.).

The Icelandic tale resembles a modern economic version of David vs. Goliath.

 

John Embry, Chief Investment Strategist at Sprott Asset Management, returns to the program with his thoughts on the precious metals sector. The duo caution investors from parking too many investment portfolio eggs in paper assets, stocks / bonds given the abrupt rout in the Shanghai index shares, where a 30% decline occurred in only 3 weeks, illustrating how fast paper profits can evaporate. Conversely, the pullback in the precious metals sector is presenting a golden opportunity to procure value via dollar cost averaging. Given the current mega-discounted prices, gold and silver producers are trading at a fraction of the price of their underlying metals. Our guest notes the Greek nation is bankrupt, but EU economic ministers are constrained from stringent practices, because an exit could damage credibility, sending the dominos falling among other debt laden peripheral members. The guest and host concur that the onus of responsibility for debt repayment falls squarely on the shoulders of the lender, but due in part to collateralization, the risk exposure was transferred away from the lenders, distributed among investors with little inside knowledge of the true default risk. The traditional lending system, where local lenders went to school / temple / church, etc. with the borrowers, was replaced with collateralization where debts are packaged, into CDS and MBS, tranched, sliced / diced to hypothetically contain risk. Nevertheless, the easy money carrot is still dangling, as the potential profits are too enticing for some to resist. A mini-case study of Greece vs. Iceland involves the 2008 credit crisis. Clearly, Iceland emerged in far better economic shape - by dealing with unfair lenders and focusing on the rights of individuals, unemployment and GDP, economic order quickly revived, relative to Greece, where officials chose to ignore the Icelandic success story (Figures 1.1. - 1.3.). The Icelandic tale resembles a modern economic version of David vs. Goliath - with virtually no political / military clout, less than 1 million people defeated a foe many times in number. Please click the images for a larger, closer view.

Figure 1.1. A Tale of Two Debtors: Greece vs. Iceland

Note: Graph courtesy of Google images.

 

Figure 1.2. Greece vs. Iceland: Unemployment

Note: Graph courtesy of Google images.

 

Figure 1.3. Greece vs. Iceland: National Economic Output - GDP

Note: Graph courtesy of Google images.

 

 

 

Arch Crawford & Chris Waltzek - July 16, 2015.

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Show Recap.:

Arch Crawford, head of Crawford Perspectives, is sticking with his dire prognostication for the rest of 2015.
The stock market could face severe consequences, amid market manipulation.

The M2 money supply velocity figure has collapsed to the lowest level on record, since first tabulated in 1959, suggesting that the trillions in Fed debt purchases has done little to stimulate economic output.

Institutions are simply parking cash in less risky investments amid severe market manipulation (Figure 1.1.).

Given the ominous "death cross" seen in the non-confirmation of the transports sector relative to new highs in the Dow Jones Industrials.

Arch says the market top is in place and no new highs are likely.

His prediction is dire, modern civilization hangs in the balance as a Kondratiev Winter-like scenario leads to the end of most financial markets.

At the root of the systematic problem is the fractional banking system, which prints money into existence at will with limited to zero oversight.

Nevertheless, cooler heads may prevail - the host shares his market ontology, coining the pun, "blog-o-fear," a play on blog-o-sphere, as fear sells and far too many pundits are making bearish calls.

Most market peaks are accompanied by euphoria and or complacency.

 

Arch Crawford, head of Crawford Perspectives, is sticking with his dire prognostication for the rest of 2015 - the stock market could face severe consequences, amid market manipulation. His work indicates startling parallels between the current global equities markets and the 2008 credit crisis deluge. The M2 money supply velocity figure has collapsed to the lowest level on record, since first tabulated in 1959, suggesting that the trillions in Fed debt purchases has done little to stimulate economic output. Institutions are simply parking cash in less risky investments amid severe market manipulation (Figure 1.1.).

Figure 1.1. Velocity of M2 Money Supply

Note: Graph courtesy of St. Louis Fed webpage.

Given the ominous "death cross" seen in the non-confirmation of the transports sector relative to new highs in the Dow Jones Industrials, Arch says the market top is in place and no new highs are likely. His ominous outlook includes the end of modern civilization, as a Kondratiev Winter scenario leads to the end of most financial markets. At the root of the systematic problem is the fractional banking system, which prints money into existence at will, with limited oversight. Nevertheless, cooler heads may prevail - the host shares his market ontology, coining the pun, "blog-o-fear," a play on blog-o-sphere, as fear sells and far too many pundits have donned bear suits; most market peaks are accompanied by euphoria and or complacency.

 

Catherine Austin Fitts & Chris Waltzek - July 14, 2015.

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Interview Recap.

Catherine Austin Fitts, former Assistant Secretary of Housing and Federal Housing Commissioner and president of Solari, Inc., publisher of the Solari Report, returns to the show.

She's concerned by the crumbling US infrastructure and lack of constructive efforts to rectify the situation.

Whereas, China continues to pour funds into its infrastructure On a trip to China she discovered that 80% of the legislature is written by economists / engineers, while 90% of US legislation is dictated by attorneys.

Investment in infrastructure will determine if the bifurcated economy unites as a viable competitive engine.

The former Wall Street maven says US stocks are overdue for a correction.

The US dollar rally, fomented by the Fed rate hike policies, could jeopardize the global equity market advance.

Catherine Austin Fitts, former Assistant Secretary of Housing and Federal Housing Commissioner and president of Solari, Inc., Publisher of the Solari Report, returns to the show. She's concerned by the crumbling US infrastructure and lack of constructive efforts to rectify the situation. Whereas, China continues to pour funds into its infrastructure On a trip to China she discovered that 80% of the legislature is written by economists / engineers, while 90% of US legislation is dictated by attorneys. Our guest is convinced that investment in infrastructure will determine if the bifurcated economy unites as a viable competitive engine. The former Wall Street maven says US stocks are overdue for a correction, supporting and echoing the sentiments of virtually all recent guests. The US dollar rally, fomented by the Fed rate hike policies, could jeopardize the global equity market rally.

 

CEO & President Christopher Jones & Chris Waltzek - July 9, 2015.

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Interview Recap.

CEO & President Christopher Jones of Uranium Resources (URRE) makes his debut appearance.

His track record of success spans 30 years and several companies including silver / copper mines, an oil sands operation and a coal company, culminating with the latest project, Uranium Resources (URRE).

One of CEO Christopher Jones' strengths includes a penchant for identifying companies with "great bones, potential and stories" then joining the management team, and transforming the diamond in the rough into a polished gem stone.

Uranium Resources is on track to become, "... a low cost producer able to produce in any conceivable market."

Our guest expects uranium prices to soar in the coming years, well above $40 a pound making operations highly profitable.

The Butler Ranch Project initial drill results from earlier this year and the data acquisition will facilitate resource confirmation drilling on the leases.

The discounted data acquisition cost ($150,000) resulted in a windfall 1.2 million pounds of resources, about one dime per pound.

Once the data arrives and is modeled, operations could commence as soon as 2018.

Two "ready to operate facilities" near Corpus Christi, Texas are each capable of 800,000 lbs. of production.

The Anatolia project has a remarkable IRR of 65%.

By moving the Rosita facility in Texas to Turkey, the $11 million in cost savings will boost the NPV / IRR, offering a competitive advantage to the benefit of the stockholders.

The Church Rock project and related properties include 200,000 acres in New Mexico near Albuquerque as well as Gallup, New Mexico.

The Anatolia equity listing in Australia will be maintained, enhancing investment related geographical-diversification.

Goldseek's President and mining company expert, Peter Spina has identified another exciting opportunity: Uranium Resources. CEO & President Christopher Jones makes his debut appearance. His track record of success spans 30 years and several operations including silver / copper mines, an oil sands operation and a coal company, culminating with the latest project, Uranium Resources (URRE). One of CEO Christopher Jones' talents includes identifying prospects with "great bones, potential and stories" and then joining the management team, transforming a diamond in the rough into a polished gem stone. Uranium Resources is on track to become "... a low cost producer able to produce in any conceivable market." Our guest expects uranium prices to soar in the coming years, well above $40 a pound facilitating profitable operations. The Butler Ranch Project initial drill results from earlier this year and the data acquisition will facilitate resource confirmation drilling on the leases. The discounted data acquisition of $150,000 resulted in a windfall of 1.2 million pounds of resources, at a bargain cost of one dime per pound. Once the data arrives and is modeled, operations could commence as soon as 2018. Two "ready to operate facilities" near Corpus Christi, Texas are each capable of 800,000 lbs. Of production. In addition, the Church Rock Project and related properties are comprised of 200,000 acres in New Mexico near Albuquerque as well as in Gallup, New Mexico. The Anatolia project has a remarkable IRR of 65%. The acquisition involves moving the Rosita facility in Texas to Turkey, en passant saving $11 million, boosting the NPV / IRR and yielding a competitive advantage to the benefit of stockholders. Furthermore, the Anatolia equity listing in Australia will be maintained, increasing share diversification qualities.

 

Harry S. Dent Jr. & Chris Waltzek - July 9, 2015.

 

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Summary:

Economist and best-selling author Harry S. Dent Jr., returns with comments on the latest Grexit drama, noting a default is imminent.
A bankruptcy will benefit the nation as forced fiscal responsibility curtails government profligacy.
The only country to effectively ameliorate the debt problem is Iceland, which defaulted on foreign debt shielding constituents from predatory lending practices.
The Icelandic economy has emerged from the malaise intact and better prepared to thrive in an increasingly complex / competitive global-economic landscape.
Their remarkable saga is an ideal precedent / case study / blue print for officials in the BRICS nations as well as the US / EU / Japan.
Given that the EU has never faced a financial crisis of such magnitude, the lack of precedent is disturbing to top money managers and economists.
If Greece were to leave the union, other members with similar debt issues could soon capitulate triggering a cascade of similar debt crises resulting in a fractured EU, with regional sovereign currencies.
As a seasoned traveler in high demand on the public speaking circuit around the world, our guest outlines his ideal destinations, including his home in Puerto Rico and his favorite country, Australia.

Harry S. Dent Jr. is anticipating a US stock market correction of 15-20% in the summer / fall months. He's convinced that all market bubbles must return to their inception point.

The US housing bubble has not yet returned to the year 2000 levels, increasing sector risk.

The host proposes that the massive shadow inventory held on bank balance sheets will eventually enter the marketplace in tandem with the millions in hedge fund housing-inventory, opening a price sinkhole across the nation and a credit crisis part deux.

The host notes the alarming void of understanding regarding fiat money schemes and their onerous track records.

The only viable alternatives, gold and silver, will eventually reflect their true intrinsic value, potentially hundreds of fold higher than current prices.

Economist and best-selling author Harry S. Dent Jr., Returns with comments on the latest Grexit drama, noting the situation is more significant than implied by mainline media reports - a default is imminent. Still, in the long-term horizon, a bankruptcy will benefit the nation as forced fiscal-responsibility curtails government-profligacy. He notes that the world is awash in bad debt and officials refuse to write-off the toxic loans. Yet due to a disconnect between lenders and the system, the losses are averted, indefinably. The only country to effectively ameliorate the debt problem is Iceland, which defaulted on foreign debt shielding constituents from predatory lending practices. Having taken the prescribed panacea, after two years of major adjustments, the Icelandic economy has emerged from the malaise intact and better prepared to thrive in an increasingly complex / competitive global economic landscape. Their remarkable saga is an ideal case study / blue print for officials in the BRICS nations as well as the US / EU / Japan. Given that the EU has never faced a financial crisis of such magnitude, the lack of precedent is disturbing to top money managers and economists. If Greece were to leave the union, other members with similar debt issues could soon capitulate, triggering a cascade of similar debt crises resulting in a fractured EU with regional sovereign currencies. As a seasoned traveler in high demand on the public speaking circuit around the world, our guest outlines his ideal destinations, including his home in Puerto Rico and his favorite country Australia. In addition, Scandinavian countries such as Sweden and Norway have extraordinary maternity benefits to the benefit of their workforce and demographics. Harry S. Dent Jr. Is anticipating a US stock market correction of 15-20% in the summer / fall months. He's convinced that all market bubbles must return to their inception point. While similar to the internet stock bubble of the late 1990's, the US housing bubble has not yet completely deflated back to year 2000 levels, making the sector risky. The echo housing recovery is predicated on collaterlized MBS debt, similar to the gimmicks that lead up to the original housing crisis of 2008. The host proposes that the massive shadow inventory held on bank balance sheets will eventually enter the market in tandem with the millions in hedge fund housing inventory, opening a massive price sinkhole across the nation and a credit crisis part deux. The host notes the alarming void of understanding regarding fiat money schemes and their onerous track records. Despite protestations of naysayers, when faith is lost in paper money, currencies will be anathema to wealth preservation oriented investors - the only viable alternatives gold and silver will eventually reflect their true intrinsic value, potentially hundreds of fold higher than current prices.

 

Bill Murphy & Chris Waltzek - July 2, 2015.

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Recap:

Bill Murphy from GATA.org and the host discuss the summer doldrums, noting how financial troubles in the EU have turned capital flows to the perceived safety of US equities / dollar.
However, the tactic could backfire as the temporary safe haven has enormous debt burdens as well.
For instance, the Governor of Puerto Rico announced this week that $70 billion in debt is unpayable, much smaller than the $400 billion owed by Greece.
The US is the grand champion of debt with unfunded liabilities are $210 trillion, five times the EU's unfunded burden of $40 trillion (Dr. Kotlikoff, 2015).
When unfunded liabilities are excluded and only debt on the books is examined, the US, UK and many competing nations share similar debt levels as Greece (Figure 1.1.).
Media reports suggest that China has accumulated over 10,000 tons of gold in preparation to back the Yuan with the metal, making it the new de facto global reserve currency.
Bill Murphy notes that the when the PMs bear market ends, prices will explode higher.
The host forecasts that after 2 small hikes in the benchmark rate in September and again in December, the Fed will pause, presenting an excellent opportunity to increase dollar cost averaging efforts.
The gold repatriation theme is gaining momentum as even US states demand billions of their gold reserves are returned.
Are officials positioning their chess pieces in anticipation of a new global reserve currency?

Bill Murphy from GATA.org and the host discuss the summer doldrums, noting how financial troubles in the EU have turned capital flows to the perceived safety of US equities / dollar. However, the tactic could backfire as the temporary safe haven has enormous debt burdens as well. For instance, the Governor of Puerto Rico announced this week that $70 billion in debt is unpayable, much smaller than the $400 billion owed by Greece. Nevertheless, the US is the grand champion of debt with unfunded liabilities are $210 trillion five times the EU's unfunded burden of $40 trillion (Dr. Kotlikoff, 2015). When unfunded liabilities are excluded and only debt on the books is examined, the US, UK and many competing nations share similar debt levels as Greece (Figure 1.1.).

Figure 1.1. Debt % of GDP: US & Competing Nations

Note: Graph courtesy of The Spectator.

In addition, the duo discuss media reports that officials in China have accumulated over 10,000 tons of gold in preparation to back the Yuan with the metal, making it the new de facto global reserve currency. Bill Murphy notes that the when the PMs bear market ends, prices will explode higher - the host forecasts that after 2 small hikes in the benchmark rate in September and again in December, the Fed will pause, presenting an excellent opportunity to increase dollar cost averaging efforts.

 

Figure 1.2. China's Gold Reserves - Gold Backed Yuan

Note: Graph courtesy of BullionStar.com.

Moreover, the gold repatriation theme is gaining momentum as countries and even US states demand billions of their gold reserves returned from national / foreign coffers. But could there be more to the story than meets the eye? Might officials be positioning their chess pieces in anticipation of a new global reserve currency? For example, could EU nations such as Austria, Netherlands, Switzerland, et al., be preparing for an inevitable euro currency failure and a return to former sovereign currency? In similar fashion, might Texan officials among others, be anticipating a US Dollar implosion and perhaps conflict among the provinces? At the very least, national dialogue on the topic is advisable.

 

Bob Hoye & Chris Waltzek - July 1, 2015.

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Recap:

Bob Hoye, senior investment strategist at Institutional Advisors, and the host unravel the latest Greek drama.
After months of warning of a Cypriot-like moment in Greece, on Monday morning depositors were locked out of Greek banks. Only ATMs were functional, most of which have low withdrawal limits imposed. ATMs were emptied quickly, as seen in the following video.

The US may face a Grexit via a Puert-xit, as the Puerto Rico province battles creditors over billions of unpayable debts (Figure 1.2).

Several states / municipalities are approaching Detroit-style bankruptcies.

It's advisable for every household to prepare for something similar by increasing PMs exposure as well as stockpiling dried / canned goods / cash, etc.

The trouble seems to stem in part from a misunderstanding regarding debt. Debt is a valuable leverage instrument when times are solid, yet when future prospects sour, the leverage enhancing tool can become an unbeatable burden.

A gold market trend confirmation method involves the gold/CRB ratio ($Gold:$CRB) ratio.
When the ratio is above the trend line, a bull market is present, as gold outperforms the commodities-sector proxy.
Fed governors John Williams and Jerome Powell, expressed their hawkish rate epistemologies.
Instead of "one and done", "two and done, maybe" seems likely, suggestive that the benchmark rate will be hiked for the first time since 2008 in September and the second increase in December.
Analysts at leading investment bank Goldman Sachs reconfirmed earlier comments that the US dollar and euro would trade at parity before 2016, hinting at continued greenback strength.
Bob Hoye and the host share Peter Spina's sentiments that under such a deflationary environment, gold tends to hold its value relative to virtually every other asset price.

Bob Hoye, senior investment strategist at Institutional Advisors, and the host unravel the latest Greek drama - after months of warning of a Cypriot-like moment in Greece, on Monday morning depositors were locked out of Greek banks, only ATMs were functional, most of which have low withdrawal limits imposed. ATMs were emptied quickly, as seen in the following video (Figure 1.1.). The news is not only devastating to savers, but to the EU, which appears to be unraveling in slow motion.

Figure 1.1. Greek Banks Closed - At Least 1 Week

Note: Video courtesy of www.YouTube.com All rights reserved, copyright 2015.

Unfortunately, the US may face a Grexit or Puert-xit, as the Puerto Rico province battles creditors over billions of unpayable debts (Figure 1.2). In addition, several states / municipalities are approaching Detroit-style bankruptcies. Given our guests anecdote from antiquity: "Lithic ex sanguinary" (creditors squeeze blood from rocks) it's advisable for every household to prepare for something similar by increasing PMs exposure as well as stockpiling dried / canned goods / cash, etc. The trouble seems to stem in part from a misunderstanding regarding debt. Debt is a valuable leverage instrument when times are solid, yet when future prospects sour, the leverage enhancing tool can become an unbearable burden.

Figure 1.2. Puert-xit: Puerto Rico Debt Issue

Note: Video courtesy of www.YouTube.com All rights reserved, copyright 2015.

Moreover, an interesting gold market trend confirmation method involves the gold/CRB ratio ($Gold:$CRB) ratio. In general, when the ratio is above the trend line, a bull market is present, as gold outperforms the commodities-sector proxy (Figure 1.3.).

Figure 1.3. Gold/CRB Ratio

Note: Chart provided with permission from Stockcharts.com

In the wake of the recent FOMC meeting, two key Fed governors John Williams and Jerome Powell, expressed their hawkish rate epistemologies. Instead of "one and done", "two and done, maybe" seems likely, suggestive that the benchmark rate will be hiked for the first time since 2008 in September and the second increase in December. The comments sent the US dollar higher last week, which promptly closed at the highest point in three weeks. Analysts at leading investment bank Goldman Sachs reconfirmed earlier comments that the US dollar and euro would trade at parity before 2016, hinting at continued greenback strength. Bob Hoye and the host share Peter Spina's sentiments that under such a deflationary environment, the Deus ex machina (divine intervention) gold tends to hold its value relative to virtually every other asset price.

 

ARCHIVE: 2007-2013

 

 

2006-2015 radio.goldseek.com, Gold Seek LLC, Chris Waltzek