Part
I
of
the
discussion
of
Bix
Weir
of
RoadtoRoot-A
includes
comments
on
silver
and
Bitcoin.
While
gold
remains
the
de
facto
king
of
currencies,
Bix
Weir
outlines
his
highly
bullish
case
for
silver.
The
duo
agree,
silver
represents
an
ideal
safe
haven
as
a
hedge
against
the
Echo
Bubble,
which
threatens
to
ignite
the
Great
Recession
II.
While
research
suggests
the
Comex
gold
/
silver
ratio
is
100:1,
our
guest
identifies
a
competing
figure
of
2,000:1,
paper
to
bullion.
The
supply
situation
is
just
as
impressive;
although
the
gold
/
silver
ratio
is
near
80:1,
the
empirical
ratio
is
1:1,
as
stockpiles
of
gold
exceed
that
of
silver.
The
theoretical
value
of
silver
is
$1,000+,
a
50+
fold
relative
discount
to
current
prices.
In
2016
100
billion
ounces
of
silver
is
currently
traded
on
exchanges,
although
only
50
billion
ounces
exist,
ergo
the
silver
market
may
be
nearing
a
key,
bullish
inflection
point.
All
silver
ETFs
and
proxies
are
based
on
the
fractional
reserve
system
dynamics,
magnifying
the
investment
risks
associated
with
rehypothecation,
making
the
case
for
1:1
gold
/
silver.
The
resulting
threat
to
the
global
financial
system
is
many
times
larger
in
scale
/
scope
than
the
combined
impact
of
MF
Global,
Bear
Stearns
and
Lehman
Brothers
debacles.
Both
Bix
Weir
and
the
host
plan
to
HODL
silver
until
market
manipulation
comes
to
an
inevitable
halt.
The
discussion
includes
Bitcoin
/
Altcoins
and
the
crypto-sphere.
Nearly
3
billion
global
inhabitants
have
zero
access
to
banking
resources,
including
services
taken
for
granted.
Nothing
is
required
for
most
of
the
disenfranchised
to
open
a
Bitcoin
or
Ethereum
account.
Using
a
mobile
phone
and
voila,
even
the
indigent
are
a
"walking
bank."
Not
even
a
phone
is
required
to
download
a
free
Bitcoin
wallet
at
a
local
library
desktop.
Bix
Weir
is
leery
regarding
the
Bitcoin
ramp
to
$20,000
and
subsequent
decline
under
$8,000
-
he
suspects
powerful
interests
intended
to
dump
Mt.
Gox
BTC
inventory
at
high
prices.
Due
to
the
hype
of
numerous
impending
Bitcoin
forks,
Fork-apalooza.
Excitment
regarding
the
new
BTC
futures
contracts,
caused
liquidity
to
dry
up
as
investors
bought
the
rumors
and
then
sold
the
fact.
Financial
markets
are
discounting
mechanisms
that
typically
anticipate
events
up
to
six
months
in
advance
and
adjust
prices,
a
priori.
BTC
statistics
reveal
that
the
months
of
Nov.
/
Dec.
tend
to
be
favorable
for
BTC,
while
January
-
March
are
less
so;
April
-
June
tend
to
be
recovery
periods.
Those
who
disparage
the
value
aspects
of
cryptocurrencies
fail
to
recognize
the
value
inherent
in
the
Bitcoin
PoW
concept,
where
SHA256
hashing
power
is
key
to
the
integrity.
SHA256
vastly
reduces
the
51%
attack
risk
inherent
even
in
DPoS
/
PoS
protocols.
Bitcoin
is
based
on
a
"trust-less"
system
that
removes
the
middleman
or
third
party.
Bitcoin
removes
the
banking
intermediary,
eliminating
wasteful
fees
while
increasing
efficiency,
just
as
email
is
100's
of
times
less
wasteful
/
costly
than
traditional
snailmail.
The
TCP/IP
protocol
remains
the
backbone
of
the
internet,
despite
a
myriad
of
solid
competing
alternatives,
as
the
TCP/IP
had
first
mover
advantage
and
early
adoption,
similar
to
Bitcoin.
Satoshi
Nakamoto
and
new
developers
defeated
the
Byzantine
General
problem,
the
consensus
issue,
by
distributing
the
blockchain
ledger
among
key,
collaborative
hash
nodes.
Bitcoin
detractors
make
the
following
points:
coin
mining
is
too
costly,
cannot
be
used
to
pay
taxes
and
is
an
inadequate
store
of
wealth.
The
host
counters:
Arizona
now
accepts
BTC
for
State
tax
payments,
credit
card
company
verification
systems
consume
several
fold
the
electricity
of
crypto
mining.
At
$7,000
per
coin,
BTC's
price
remains
600%
higher
than
12
months
prior.
Traditional
fiat
money
is
doomed
-
the
host
coins
a
new
crypto-battle
cry:
"Bitcoin
is
an
unstoppable
fiat
money,
computer
virus."
Arch
Crawford,
head
of
Crawford
Perspectives,
outlines
his
technical
perspective
on
US
shares,
gold,
silver
indexes.
Our
guest
continues
to
monitor
the
technical
condition
of
the
PMs
sector,
noting
the
positive
inverse
golden
cross.
Given
the
sharp
advance
in
the
gold,
silver,
commodities,
XAU
and
WTIC
,
Arch
Crawford
is
anticipating
a
new
bull
market,
music
to
the
ears
of
PMs
aficionados.
Regarding
US
equities
indexes,
volatility
was
too
low
for
too
long
-
he
expects
a
return
to
the
mean
resulting
in
a
capitulation
moment.
His
account
remains
short
equities
since
January
15th
without
margin.
After
the
3
day
Easter
/
Passover
weekend,
stocks
could
rebound
from
lows.
The
new
$60
billion
trade
tariffs
imposed
by
the
Administration
on
China,
suggests
increased
tensions
between
the
US
and
China
/
N.K.
Should
relations
continue
to
deteriorate,
the
potential
for
military
conflict
may
add
a
new
twist
to
the
geopolitical
/
financial
arenas.
On
the
domestic
economic
front,
the
discussion
veers
to
the
hawkish
FOMC
rate
hike
strategy.
The
current
Fed
Funds
Futures
(FFF)
at
the
St.
Louis
FRED
website
indicates
low
odds
of
another
rate
hike
at
the
upcoming
May
meeting.
Odds
are
high
for
June
rate
increase
to
150-200
basis
points
(80%
odds);
about
even
odds
of
a
final
2018
increase
at
the
December
meeting.
The
threat
of
higher
rates
has
rattled
some
perspective
home
buyers,
resulting
in
higher
SFH
default
rates
and
potentially
ending
the
echo
housing
bubble
(figure
1.1.).
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Guest
Bios
Bix
Weir
Road
to Root-A
Bix
Weir has 30 years' experience in the financial
industry with various fortune 500 companies.
He is the creator of the "Road to
Roota Theory" and his commentary
is published at www.RoadtoRoota.com. Bix
has dedicated his efforts over the last
15 years to exposing the long term manipulation
of the gold and silver markets. He has
worked closely with the Gold Anti-Trust
Action Committee helping to pull the curtain
away from the Cabal of International Bankers
that has taken control of our free market
system.
At
RoadtoRoota.com Bix deals with the conspiracy
and manipulation side of the gold, silver
and financial markets and is not constrained
by conventional thinking of how market
prices fluctuate. Bix has developed this
website to aid in the discovery of the
truth behind our massively manipulated
markets and to help expose those who threaten
our free market system.
Arch
Crawford cut his technical analysis teeth
as first assistant to top Wall Street technician
Robert Farrell at Merrill Lynch in the early
1960s. In 1977, following Archs extensive
research into astrophysical phenomenon, astrology
and its correlation to market performance,
he edited and published the premiere issue
of Crawford Perspectives market timing newsletter.
Today,
nearly 40 years later, Crawford Perspectives
continues to bring readers one of the most
highly regarded and consistently accurate
market timing newsletters available.
Top
Wall Street Chartered Technical
Analyst (CTA), Ralph Acampora
of Altaira
Wealth Management,revered as "A Professor
of Technical Analysis,"
returns.
Arch Crawford & Chris
Waltzek Ph.D. - March 7th, 2018.
CEO
Thomas
Coughlin the founder
of Kinesis
as well as, Andrew
Maguire, return
with part two of this
epic-exclusive Goldseek
conference call, simultaneously
on three continents.
Lior
Gantz & Chris Waltzek
Ph.D. - March 1st, 2018.
Andy
Schectman of Miles
Franklin Institute
is partnering with Sprott
Asset Management on
a physical gold backed,
distributed ledger with
bullion held at the
Royal Canadian Mint.
Peter Grandich &
Chris Waltzek Ph.D. -
February 14th, 2018.
Chris
Blasi, President of
Neptune
Global LLC underscores
gold's 4000 year track
record as sound money,
noting further that
the year 2000 gold bull
market is still underway.
Nick
Barisheff & Chris
Waltzek Ph.D. - February
8th, 2018.
Economist
Professor Laurence Kotlikoff,
returns with positive insights
on the PMs sector noting that
investors should consider
increasing their PMs stockpile.
CEO
Thomas
Coughlin, Andrew
Maguire, join the
show in an epic-exclusive
Goldseek.com Radio conference
call that takes place simultaneously
on three continents.
Dr.
Marc Faber & Chris
Waltzek - January 17, 2018.
Richard
Daughty, "the angriest
guy in economics, writer/publisher
of The Mogambo Guru economic
newsletter says the stock /
bond markets are approaching
bubble territory.
Bob Hoye & Chris Waltzek
Ph.D. - December 20th, 2017.