John
Williams,
Peter
Schiff,
David
Morgan
&
Peter
Grandich
encore
show
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Highlights
Respected
rogue
economist,
John
Williams
of
Shadowstats.com
says
the
Great
Recession
of
2008-2009
is
still
underway,
contrary
to
the
mainline
media.
Although
the
official
national
unemployment
rate
is
steady
at
under
5%,
the
true
unemployment
rate
is
at
least
4
times
as
high
at
23%.
The
slight
of
hand
requires
an
epic
cover-up
on
a
grand
scale.
John
Williams
outlines
how
the
PTB
accomplished
the
feat
and
the
economic
implications.
Discouraged
workers
are
no
longer
counted
due
to
changes
in
the
unemployment
calculations
making
the
economy
in
worse
shape
than
reported.
When
the
true
inflation
rate
is
used
to
deflate
GDP
numbers,
the
US
has
been
in
an
unofficial
recession
for
16
consecutive
years.
Free
trade
has
positive
theoretical
economic
benefits,
but
deleterious
ramifications
for
many
high
quality
domestic
jobs.
Ultimately
the
economic
fallout
will
impact
the
Greenback,
which
will
collapse
sending
the
yellow
metal
to
at
least
$10,000
and
perhaps
many
fold
higher.
Case
in
point,
in
Venezuela
recent
reports
show
that
a
silver
coin
suddenly
buys
$250
worth
of
groceries.
Peter
Schiff,
Chairman
of
SchiffGold.com
discusses
the
Fed's
reaction
to
the
threat
of
higher
inflation.
With
a
quarter
point
rate
hike
expected
in
Dec
and
possibly
2
more
in
2017,
policymakers
are
concerned
that
prices
are
moving
up
to
quickly.
Inflation
is
typically
a
positive
for
the
PMs
markets,
e.g.,
the
1970's
inflation
/
PMs
rally.
Real
interest
rates
will
remain
negative,
constraining
the
US
dollar
and
encouraging
gold
/
silver
purchases.
Bond
bears
are
in
control
-
the
sector
could
crater
much
further,
requiring
sizable
QE
activity
by
the
Fed
to
contain
the
toxic
debt.
Dollar
bulls
may
find
themselves
trapped,
as
officials
are
forced
to
ramp
up
QE
and
lower
interest
rates.
If
bonds
continue
to
decline,
the
cost
of
financing
stock
buyback
related
debt
will
soar,
reducing
demand
for
US
shares
and
lowering
equities
prices.
The
liberated
funds
will
fuel
the
uptrend
in
the
$CRB
commodities
index
despite
the
dollar
breakout,
suggesting
that
PMs
could
soon
find
a
price
floor.
Additional
blowback
from
higher
rates
includes
the
potential
for
a
20%+
housing
price
decline,
as
homedebtors
struggle
to
make
payments.
Until
the
forward
looking
housing
starts
index
declines
abruptly,
the
uptrend
will
remain
intact.
The
election
shock
reaction
in
the
PMs
shares
may
be
overdone
presenting
opportunities
in
the
Euro
Pacific
Gold
fund,
EPGFX.
David
Morgan
a.k.a.
"The
Silver
Investor"
from
the
Morgan
Reportgives
a
detailed
overview
of
current
silver
market
conditions.
The
time
may
be
approaching
to
start
adding
to
core
silver
positions,
the
market
correction
may
soon
pass.
The
Silver
Investor's
#1
Rule
of
silver
investing,
when
all
else
fails
there's
silver,
for
instance,
in
the
aftermath
of
a
hurricane,
ATM
outages,
etc.
The
recent
addition
of
the
Yuan
to
the
IMF
reserve
SDR
could
be
a
game
changer
for
currency
hegemony
and
a
big
plus
for
precious
metals
investors.
Eventually,
David
morgan
expects
the
PTB
to
return
the
global
currency
system
to
de
facto
money
-
gold
and
silver.
A
widely
diversified
portfolio
including
a
solid
core
of
precious
metals
investors
is
advisable.
The
nascent
precious
metals
bull
market
remains
intact,
according
to
Peter
Grandich
of
Peter
Grandich
and
Company.
Although
policymakers
could
hike
rates
to
0.75-1.00%,
the
affect
will
be
minimal.
The
big
economic
wild
card
remains
loose
monetary
policy,
which
includes
negative
interest
rates,
forcing
investors
to
chase
stock
/
bond
market
yield.
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Guest
Biographies
Peter
Grandich
The
Grandich
Letter
About
Peter
Grandich
Managing
Member,
Grandich
Publications,
LLC.
With
no
formal
education
or
training,
Peter
Grandich
entered
Wall
Street
and
within
three
years
was
appointed
Vice
President
of
Investment
Strategy
for
a
leading
New
York
Stock
Exchange
member
firm.
He
was
the
editor
and
publisher
of
four
investment
newsletters,
and
appeared
on
national
TV
and
radio
over
400
times.
Labeled
the
Wall
Street
Whiz
Kid,
Grandich
gained
national
notoriety
by
being
among
the
very
few
who
not
only
forecasted
the
1987
stock
market
crash
just
weeks
before
it
happened,
but
on
the
very
next
day
he
predicted
that
within
a
year
the
market
would
reach
a
new
all-time
high
which
it
did.
Proving
his
1987
forecast
was
no
fluke,
Mr.
Grandich
said
in
January
2000
that
the
year
2000
will
go
down
as
the
year
the
great
mega
bull
market
of
the
80s
and
90s
came
to
an
end.
He
speaks
at
numerous
major
investment
conferences
worldwide
and
was
awarded
Best
Speaker
Award
eight
times
by
the
International
Investors
Conferences.
Grandich
is
the
founder
and
managing
member
of
Grandich
Publications,
LLC.
Grandich
Publications
publishes
The
Grandich
Letter.
First
published
in
1984,
it
provides
commentary
on
the
mining
and
metals
markets.
In
addition,
the
company
also
provides
a
variety
of
services
to
publicly-held
corporations
on
a
compensation
basis.
In
addition,
Grandich
is
a
member
of
the
National
Association
of
Christian
Financial
Consultants,
and
a
long-standing
member
of
The
New
York
Society
of
Security
Analysts
and
The
Society
of
Quantitative
Analysts.
David
Morgan:
Seduced
by
silver
at
the
tender
age
of
11,
David
Morgan
started
investing
in
the
stock
market
while
still
a
teenager.
A
precious
metals
aficionado
armed
with
degrees
in
finance
and
economics
as
well
as
engineering,
he
created
the
Silver-Investor.com
website
and
originated
The
Morgan
Report,
a
monthly
that
covers
economic
news,
overall
financial
health
of
the
global
economy,
currency
problems
ahead
and
reasons
for
investing
in
precious
metals.
David
considers
himself
a
big-picture
macroeconomist
whose
main
job
as
education—educating
people
about
honest
money
and
the
benefits
of
a
sound
financial
system—and
his
second
job
as
teaching
people
to
be
patient
and
have
conviction
in
their
investment
holdings.
A
dynamic,
much-in-demand
speaker
all
over
the
globe,
David’s
educational
mission
also
makes
him
a
prolific
author
having
penned
"Get
the
Skinny
on
Silver
Investing"
available
as
an
e-book
or
through
Amazon.com.
As
publisher
of
The
Morgan
Report,
he
has
appeared
on
CNBC,
Fox
Business,
and
BNN
in
Canada.
He
has
been
interviewed
by
The
Wall
Street
Journal,
Futures
Magazine,
The
Gold
Report
and
numerous
other
publications.
Additionally,
he
provides
the
public
a
tremendous
amount
of
information
by
radio
and
writes
often
in
the
public
domain.
You
are
encouraged
to
sign
up
for
his
free
publication
which
starts
you
off
with
the
Ten
Rules
of
Silver
Investing
where
he
was
published
almost
a
decade
ago
after
being
recognized
as
one
of
the
top
authorities
in
the
arena
of
Silver
Investing.
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.
Peter
Schiff
President
&
Chief
Global
Strategist
Peter
is
one
of
the
few
investment
advisors
to
have
correctly
called
the
current
bear
market
before
it
began
and
to
have
positioned
his
clients
accordingly.
As
a
result
of
his
accurate
forecasts
of
the
mortgage
meltdown,
credit
crunch,
and
decoupling
of
commodities,
precious
metals,
and
foreign
markets
from
the
U.S.
Dollar,
he
has
become
a
sought-after
economic
commentator
on
a
range
of
investment
topics.
Peter
delivers
lectures
at
major
economic
and
investment
conferences,
and
is
quoted
often
in
the
print
media,
including
the
Wall
Street
Journal,
New
York
Times,
L.A.
Times,
Barron’s,
BusinessWeek,
Time
and
Fortune.
His
broadcast
credits
include
regular
guest
appearances
on
CNBC,
Fox
Business,
CNN,
MSNBC,
and
Fox
News
Channel,
as
well
as
hosting
a
weekly
radio
show.
As
an
author,
he
has
written
four
best-selling
books,
including
his
latest:
"
Crash
Proof
2.0:
How
to
Profit
from
the
Economic
Collapse"
and
"How
an
Economy
Grows
and
Why
It
Crashes."
