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(Encore) Radio: John Williams, Peter Schiff, David Morgan and Peter Grandich

By: Chris Waltzek, Radio

 -- Published: Tuesday, 27 December 2016 | Print  | Disqus 

Featured Guests

John Williams, Peter Schiff, David Morgan & Peter Grandich

encore show

Show Highlights

  • Respected rogue economist, John Williams of 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 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 Report gives 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.
  • Both the guest and host agree: 90% silver US coins, pre-'65 make the ideal investment, (Buy here).
  • 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.
  • Years of positive equities returns camouflages the risks to typical investors. 5 US money center banks account for nearly $250 trillion in derivatives.
  • The enormous leverage could expose the US financial sector to another 2008-2009 like credit fiasco.
  • The recent selloff appears to be the result of forced paper liquidation, which could ignite a launch to $1,400 gold before year-end.
  • Unfortunately, a key impetus sending the sector higher could be societal fallout following the November elections in 2017.

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 -- Published: Tuesday, 27 December 2016 | E-Mail  | Print  | Source:

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