-- 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 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 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.

| Digg This Article
 -- Published: Tuesday, 27 December 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus

© 1995 - 2019

Live GoldSeek Visitor Map | Disclaimer