-- Published: Sunday, 12 March 2017 | Print | Disqus
Featured Guests
David Morgan, John Williams & Bill Murphy
Show Highlights
Following a remarkable 9 week silver market rally, Bill Murphy of GATA.org says that the gold cartel is back in play in the silver market.
Another likely explanation for recent volatility includes the upcoming stealth rate hike by Fed policymakers.
Chairwoman Janet Yellen's comments last week startled investors.
The Fed Funds Futures contracts (FFF) indicates high odds of a rate hike at the upcoming FOMC meeting, slated for March 14-15.
The unexpected move will come 4 months earlier than previously forecasted by the FFF.
In 2010, the silver market remained subdued for nearly a year, before staging a 200% rally.
Given the bottoming price action, the market could be carving out a similar bottom. The guest and host concur that silver is destined for triple digits.
According to Zero Hedge, 160 million Americans, over half the country cannot withstand a $500 emergency expense.
Such a dire savings dilemma implies that only a small fraction of the populace have procurred sufficient PM ahead of the coming economic deluge.
Once the herd recognizes the threat, the inelastic supply / demand conditions could result in a flock of "Black Swans."
Nearly 2,000 global billionaires hold $6.5 trillion in wealth - just one billionaire like silver aficionado Hugo Salinas Price, could corner the silver market.
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.
David Morgan a.k.a. "The Silver Investor" from the Morgan Reportgives a detailed overview of current silver market conditions.
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.
Bill Murphy, GATA Chairman Murphy grew up in Glen Ridge, N.J., and graduated from the School of Hotel Administration at Cornell University in 1968. In his senior year he broke all the Ivy League single-year pass-receving records. He then became a starting wide receiver for the Boston Patriots of the American Football League. He went on to work for various Wall Street brokerage firms and specialized in commodity futures. He began as a Merrill Lynch trainee and went on to Shearson Hayden Stone and Drexel Burnham. From there he became affiliated with introducing brokers and eventually started his own brokerage on 5th Avenue in New York. He now operates an Internet site for financial commentary, www.lemetropolecafe.com.
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.
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