-- Published: Sunday, 6 December 2015 | Print | Disqus
Summary:
Best selling author / mathematician / economist, Dr. Leeb and the host discuss a disturbing trend in the domestic economy.
Despite the lowest Jobless Claims numbers in decades, economic growth remains anemic.
Given the 75% odds of an FOMC rate hike at the December meeting, the first in nearly a decade, the strong dollar and resulting higher rates will continue to put pressure on the mortgage / housing sector as well as the general economy.
The combination will push the already struggling economy passed the tipping point, into full blown recession.
As predicted by the Dr. and the host on this show for months, the Yuan finally gained reserve currency status this week, changing the global monetary structure forever.
Dr. Leeb's work indicates that the inclusion of the Yuan in the SDR currency basket could cap the Greenback advance and encourage gold bulls.
The duo agree that the economy is facing a flock of black-swan like anomalies such as: negative interest rates, global debt explosion, and rehypothecation, to name a few.
Once the rate hike threat passes, both agree that commodities, oil and the precious metals will likely ascend to new bull market records.
In addition, China has unveiled a new crude oil market index, which may become the de facto benchmark worldwide, potentially marking the end of the Petro / Dollar era and a new period of Petro / Yuan dominance.
Dr. Leeb discusses his meeting and correspondences with World Chess Champion Gary Kasparov.
Chris welcomes Dr. Martenson from PeakProsperity.com - Dr. Martenson categorizes capital into eight essential types in his new must read book, Prosper!
The good doctor is concerned about a potentially risky period of economic deflation, were insufficient money And credit are available to sustain high debt levels, with as much as $200 trillion in default risk.
The event will lead to central bank intervention by way of massive monetary stimulus, such as QE to infinity.
Although paper promises, such as stocks And bonds, remain the investment du jour, the deflationary event will reduce paper claims to their intrinsic value: zero.
There are too many paper claims And too few assets to back them - eventually the pendulum will swing back from the current extreme to the other apex.
Wealth safe havens will regain their place as the de facto investment classes, such as gold, silver, precious metals shares, oil And commodities.
The discussion includes the challenges facing modern medicine And the viable alternatives that everyone can use to their benefit.
The Dr. notes that 80-90% of physical ailments begin with inflammation, in the kitchen, mirroring the thoughts of renowned physician, Dr. Mark Hyman.
By identifying a few key dietary changes / lifestyle improvements, an effective course of treatment unfolds, free of charge And without any side-effects. The plan involves a two prong approach.
Chris Martenson, PhD (Duke), MBA (Cornell) is an economic researcher and futurist specializing in energy and resource depletion, and cofounder of PeakProsperity.com (along with Adam Taggart). As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the launch of his seminal video seminar: The Crash Course which has also been published in book form (Wiley, March 2011). It's a popular and extremely well-regarded distillation of the interconnected forces in the Economy, Energy and the Environment (the "Three Es" as Chris calls them) that are shaping the future, one that will be defined by increasing challenges to growth as we have known it. In addition to the analysis and commentary he writes for his site PeakProsperity.com, Chris' insights are in high demand by the media as well as academic, civic and private organizations around the world, including institutions such as the UN, the UK House of Commons and US State Legislatures.
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