James
Turk,
John
Williams,
Martin
Armstrong
and
Listener's
Q&A
(encore
show)
(alphabetical
guest
order)
Please
listen
here:
Summary:
James
Turk
returns
to
the
program
with
comments
on
Fed
profligacy,
which
will
eventually
send
the
yellow
metal
into
the
stratosphere,
already
up
10%
against
the
euro
currency
in
2015.
Expect
safe
haven
buying
in
the
euro
zone
to
intensify,
making
precious
metals
investments
once
again
the
asset
class
du
jour.
For
the
first
time
this
century,
the
NY
Fed's
gold
reserves
recently
dropped
below
6,000
tons,
hinting
that
officials
are
manipulating
the
market
lower
via
covert
gold
sales.
US
officials
are
making
a
strategic
blunder
of
epic
proportions
by
making
China
an
economic
foe
-
policy
could
be
reversed
to
avert
disaster
while
igniting
significant
synergies
between
the
world's
two
largest
economic
superpowers.
China
should
be
nurtured
as
a
Panda
ally,
not
a
tiger
rival.
Expect
the
dollar
rally
to
fade,
making
the
precious
metals
sector
an
attractive
investment
opportunity.
John
Williams
returns
to
Goldseek.com
Radio
with
dire
thoughts
on
the
veracity
of
the
official
economic
figures.
The
domestic
economy
has
not
recovered
-
virtually
every
economic
indicator
remains
stagnant
since
2009.
According
to
the
Wall
Street
Journal,
the
typical
American
household
spends
62%
merely
to
pay
housing
/
grocery
bills,
an
unsustainable
burden
While
corporations
have
recovered
from
the
recession,
the
everyday
consumer
has
not.
Without
real
income
growth
the
largest
component
of
the
domestic
economy,
consumption
(over
70%)
could
falter.
The
US
Dollar
will
likely
reverse
course,
which
will
result
with
runaway
inflation
and
hyperinflation.
The
best
defense
is
a
good
offense
-
only
gold
and
silver
investments
can
protect
investors
from
the
sea
change
event.
His
2015
economic
forecast
includes
a
sharp
decrease
in
economic
growth
/
output,
causing
Fed
officials
to
further
delay
rate
hikes.
Amid
increasing
global-currency
concerns,
stockpiling
several
months
of
cash
in
a
well-hidden,
fire
proof
safe
is
advisable.
The
ruble
increased
in
value
from
44,000
per
ounce
to
90,000
in
2014,
currently
at
over
70,000
due
to
the
crude
oil
plunge.
The
ruble
fell
so
abruptly
that
gold
doubled
in
value
virtually
overnight
-
the
cost
of
goods
and
services
blasted
higher
crushing
the
purchasing
power
of
those
without
gold
and
silver
insurance.
The
central
fund
of
Canada,
a
PMs
ETF
with
equally
weighted
gold
/
silver
holdings
is
located
outside
the
US
providing
additional
geographic
diversification.
Caller
George
asks
if
the
Fed
is
colluding
to
make
the
US
dollar
more
attractive,
particularly
US
Bonds,
by
forcing
competing
currencies
like
the
euro
into
a
negative
interest
rate
environment.
Caller
John
notes
the
Fed's
massive
mortgage
backed
security
stockpile.
The
host
concurs,
citing
how
MBS
rate-risks
is
an
Achilles
heal
and
likely
why
the
Fed
is
so
hesitant
to
initiate
rate
hikes.
Listener
Vidya
is
concerned
by
the
threat
of
a
looming,
global
economic
collapse.
The
host
expects
such
a
scenario
to
come
to
pass
within
5-10
years,
given
that
the
BRICS
nations
are
shunning
the
US
dollar.
The
global
economic
end
game
could
involve
a
sudden
collapse
that
will
catch
virtually
every
investor
off
guard,
in
turn
catapulting
the
value
of
PMs,
circa
Europe
in
1922,
Venezuela,
and
Zimbabwe,
etc..
Please
record
your
questions
and
comments
via
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hotline
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Q&A
Hotline:
1-206-666-5370.
Economist
Martin
Armstrong
ofArmstrong
Economics
is
the
subject
of
a
new
controversial
documentary
The
Forecaster.
Our
guest
compares
the
economic
carnage
in
the
EU
to
the
fallout
in
Detroit,
a
once
vibrant
showcase
of
capitalism.
The
dollar
has
considerable
upside
amid
global
deflation,
as
the
US
is
viewed
as
the
least
sick
patient
in
the
economic
ward.
Gold
is
the
ultimate
hedge
against
government
risk
-
the
bull
market
will
resume
when
investors
lose
faith
in
their
governments.
His
cyclical
models
indicate
that
gold
will
regain
upward
momentum
in
October
2015,
coinciding
with
a
stock
market
cycle
zenith.
He
expects
the
Fed
to
raise
interest
rates
into
2017,
without
negatively
impacting
stock
market
performance.
His
models
predict
the
Dow
Jones
Industrials
average
with
a
median
target
of
23,000
with
an
outside
chance
of
35,000-40,000
as
retail
investors
reenter
the
market
circa
2000.
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
Martin
Armstrong
The
Forecaster
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.
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.
James
Turk
is
founder
of
GoldMoney.com,
which
operates
the
leading
digital
gold
currency.
He
also
publishes
the
Freemarket
Gold
&
Money
Report,
an
investment
newsletter
he
founded
in
1987.
Previously,
after
a
decade
with
the
international
department
of
Chase
Manhattan
Bank,
he
managed
the
commodity
department
of
the
Abu
Dhabi
Investment
Authority.
His
media
appearances
include
GoldSeek.com,
CNN,
Bloomberg,
CBSMarketWatch,
CNBC,
Barron’s,
the
Wall
Street
Journal,
and
Financial
Sense
Online.
