Jim
Rogers,
John
Williams,
Martin
Armstrong,
&
Bob
Hoye
Encore
Episode
Please
Listen
Here:
Summary
Chris
welcomes
back
Bob
Hoye,
senior
investment
strategist
of
Institutional
Advisors,
who
wishes
every
listener
a
Happy
New
Year.
The
economic
endgame
could
be
near
-
central
bank
policymakers
are
using
every
method
possible,
including
negative
interest
rates
and
QE.
His
models
suggest
a
paper
asset
crash
is
inevitable,
it
is
merely
a
matter
of
time.
Timing
the
event
is
challenging
and
will
represent
a
sea-change
in
economics
worldwide.
The
tipping
point
could
stem
from
the
Junk
Bond
market,
where
soaring
yields
have
crushed
prices,
potentially
threatening
the
higher
rated
debt
market.
Our
guest's
key
takeaway
point:
a
financial
maelstrom
of
epic
proportions
will
crush
debt
instruments
and
even
shares
-
hard
assets
will
be
essential
to
economic
survival.
Chris
welcomes
back
Martin
Armstrong
ofArmstrong
Economics,
the
subject
of
a
new
riveting
documentary
The
Forecaster
(2015).
Watch
the
theatrical
trailer
video
(Figure
1.1.).
At
the
heart
of
his
investing
methodology
are
international
money
flows.
The
recent
FOMC
rate
hike
could
actually
be
a
boon
for
US
equities
indexes,
as
investors
direct
funds
from
sluggish
international
zones.
The
discussion
includes
the
threat
posed
by
a
cash-less
society,
an
economic
ontology
gaining
momentum
domestically
and
worldwide.
The
Forecaster
shares
his
stock
market
forecast:
expect
26,000
-
27,000,
with
a
potential
for
40,000
on
the
Dow
Jones
Industrials
followed
by
extreme
volatility
into
2017-2020.
The
dialogue
returns
to
the
domestic
economy
-
up
to
70%
of
the
national
debt
stems
from
interest
on
debt.
Westerners
could
learn
much
from
the
economic
miracle
in
Japan
-
following
WWII,
Japan
became
the
2nd
largest
economy
worldwide.
Since
then,
China
has
followed
its
own
path,
capturing
the
title
of
second
largest
superpower
by
building
up
the
infrastructure.
The
chat
concludes
with
an
interesting
discussion
on
the
nature
of
market
forecasting,
expert
systems
and
genetic
algorithms,
useful
for
improved
prognostication.
•Chris
welcomes
back
Jim
Rogers
from
his
Singapore
office
-
he
notes
twice
as
many
US
stocks
were
down
in
2015
as
up,
a
bearish
market
breadth
indication.
•The
primary
reason
why
the
equities
indexes
remain
aloft
is
the
enormous
debt
burden
added
to
the
balance
sheets
of
the
Fed,
since
2008.
•But
unlike
2008,
2000,
1987
and
even
1929,
the
US
is
now
the
largest
debtor
nation
in
the
world,
putting
the
country
at
elevated
risk
of
default.
•This
anomaly
presents
the
most
precarious
economic
quagmire
in
national
history.
•He's
currently
long
the
US
dollar
(from
much
lower
levels),
the
Yuan,
Chinese
stocks,
short
US
shares,
long
agricultural
futures
and
holding
on
tightly
to
gold
/
silver.
•Poised
like
a
praying
mantis,
the
ever
vigilant
investor
is
anticipating
the
right
opportunity
to
increase
his
gold
/
silver
exposure.
•With
an
established
knack
for
identifying
profit
opportunities
outside
the
scope
of
the
mainstream
media
he
recently
developed
a
penchant
for
undervalued
Russian
bonds
and
rubles.
•Unlike
the
West,
Russia
is
not
a
debtor
nation
but
a
creditor,
for
instance,
Cuba
owes
Russia
$25
billion
as
of
2013
figures.
•Economist
John
Williams
of
Shadowstats.com
returns
to
the
show
with
a
characteristically
non-sanguine
stance
on
the
economy.
•Global
QE
operations
are
detrimental,
meant
only
for
temporary
banking
system
support,
as
a
result
long-term
QE
operations
have
caused
economic
dependence.
•The
low
rate
methodology
is
particularly
deleterious
for
retiree's,
many
of
whom
•House
loans
are
challenging
to
procure;
25%
of
existing
house
sales
are
cash
transactions,
indicating
nervousness
on
the
part
of
lenders.
•Our
guest
expects
Fed
policymakers
to
revamp
QE
operations
to
prevent
a
systemic
collapse
in
the
US
dollar.
•Anything
to
avoid
a
Great
Deflation
-
sending
inflation
to
much
higher
levels.
•The
action
fails
to
address
the
Fiscal
spending
/
monetary
debt
issues.
John
Williams
favors
physical
bullion,
gold
/
silver
sovereign
coins
over
bullion
bars.
•The
host
/
guest
agree
that
as
the
dollar
slide
begins
in
earnest,
WTIC,
crude
oil
prices
will
rebound
in
spectacular
fashion.
•When
the
unscrupulous
share
buyback
effects
are
removed
from
US
stock
indexes,
clearly
market
momentum
has
stalled.
•The
US
economy
never
truly
recovered
from
the
2008
Great
Recession
and
could
roll
over
into
a
similar
scenario.
•The
host
notes
that
the
US
has
been
in
a
recession
since
the
year
2000,
when
the
GDP
is
properly
adjusted
for
inflation
-
the
guest
responds
that
the
current
economic
quagmire
is
comparable
to
the
Great
Depression
(Figure
1.1.).
•The
reason
why
it
has
not
been
recognized
by
the
mainline
media
as
a
Great
Depression,
is
due
to
government
subsidies.
•Without
such
programs,
lines
would
form
miles
long
around
national
soup
kitchens.
•John
Williams
views
gold
and
silver
as
the
ultimate
investment
portfolio
hedging
components
-
essential
balancing
mechanisms.
•Our
guest
not
only
joins
the
chorus
of
leading
financial
pundits,
but
projects
the
voice
above
them
all,
calling
for
$100,000-$1,000,000
per
ounce
gold.
Right
Click
Above
and
"Save
Target
As..."
to
download.
To
learn
more
about
software
needed
to
play
the
above
formats,
please
visit
the
FAQ.
NEW
-
Hotline
-
Q&A:
1-206-666-5370
Guest
Biographies
Bob
Hoye
Institutional
Investors
With
a
degree
in
geophysics
and
a
number
of
fascinating
summers
in
mining
exploration,
one
winter
in
"the
bush"
quickly
led
Bob
into
the
financial
markets.
This
included
experience
on
the
trading
desk
and
in
the
research
department
of
a
large
investment
dealer,
which
led
to
institutional
stock
and
bond
sales.
Bob's
review
of
financial
history
provided
the
forecasting
models
designed
to
anticipate
significant
trend
reversals
in
the
sometimes
alarming
volatility
typical
of
the
transition
from
rampant
speculation
in
tangible
assets
to
fabulous
speculation
in
financial
assets.
In
anticipation
of
the
latter
opportunity,
a
monthly
publication
for
financial
institutions
was
started
in
January
1982.
This
competently
covered
the
stock
market,
the
yield
curve,
credit
spreads
as
well
as
metal
and
energy
prices.
In
1998
the
Institutional
Advisors
website
was
started
as
a
forum
for
unique
and
reliable
financial
research.
Martin
Armstrong
was
once
a
US
based
trillion
dollar
financial
advisor,
developed
a
computer
model
based
on
the
number
pi
and
other
cyclical
theories
to
predict
economic
turning
points
with
eerie
accuracy.
In
the
early
80s
he
established
his
financial
forecasting
and
advising
company
Princeton
Economics.
His
forecasts
were
in
great
demand
worldwide.
As
Armstrong's
recognition
grew,
prominent
New
York
bankers
invited
him
to
join
"the
club"
to
aid
them
in
market
manipulation.
Martin
repeatedly
refused.
Later
that
same
year
(1999)
the
FBI
stormed
his
offices
confiscating
his
computer
model
and
accusing
him
of
a
3
billion
dollar
Ponzi
scheme.
Was
it
an
attempt
to
silence
him
and
to
prevent
him
from
initiating
a
public
discourse
on
the
real
Ponzi
Scheme
of
debts
that
the
world
has
been
building
up
for
decades?
Armstrong
predicts
that
a
sovereign
debt
crisis
will
start
to
unfold
on
a
global
level
after
October
1,
2015
-
a
major
pi
turning
point
that
his
computer
model
forecasted
many
years
ago.
Starting
at
a
very
young
age,
Martin
Armstrong
displayed
an
entrepreneurial
spirit
and
an
analytical
ability
that
were
far
too
complicated
for
others.
As
a
child
he
was
already
collecting
coins,
and
before
long
he
would
be
trading
in
gold.
As
an
adult,
he
started
the
company
Princeton
Economics
International.
Based
on
a
self-designed
model,
in
which
the
mysterious
number
Pi
plays
an
intrinsic
role,
he
was
able
to
calculate
developments
in
the
world
economy.
His
predictions
about
stock
crises
or
currency
problems
were
eerily
accurate,
and
he
built
up
a
clientele
that
consisted
of
powerful
players
in
the
global
economy.
Jim
Rogers
is
the
author
of
Adventure
Capitalist:
The
Ultimate
Road
Trip
and
Investment
Biker:
On
the
Road
with
Jim
Rogers.
He
is
an
investor
who
has
been
chronicled
in
Jon
Train’s
Money
Masters
of
Our
Time,
Jack
Schwager’s
Market
Wizards,
and
other
books.
He
has
been
frequently
featured
in
Time,
The
Washington
Post,
The
New
York
Times,
Barron’s,
Forbes,
Fortune,
The
Wall
Street
Journal,
The
Financial
Times,
and
most
publications
dealing
with
the
economy
or
finance.
He
has
also
appeared
as
a
regular
commentator
and
columnist
in
various
media
and
has
been
a
visiting
professor.
John
Williams
aka
Walter
J.
"John"
Williams
was
born
in
1949.
He
received
an
A.B.
in
Economics,
cum
laude,
from
Dartmouth
College
in
1971,
and
was
awarded
a
M.B.A.
from
Dartmouth's
Amos
Tuck
School
of
Business
Administration
in
1972,
where
he
was
named
an
Edward
Tuck
Scholar.
During
his
career
as
a
consulting
economist,
John
has
worked
with
individuals
as
well
as
Fortune
500
companies.
John
Williams'
Shadow
Government
Statistics
is
a
monthly
electronic
newsletter
that
exposes
and
analyzes
the
flaws
in
current
U.S.
government
data
and
reporting,
as
well
as
in
certain
private-sector
numbers.
It
also
looks
at
the
financial
markets
free
of
the
hype
so
often
put
forth
in
the
popular
financial
media.
Generally
published
on
the
second
Wednesday
of
the
month,
the
newsletter
is
supplemented
by
Flash
Updates
and
occasional
Alerts
that
highlight
unusual
developments.
