Dr. Paul Craig Roberts, former Assistant Secretary of the Treasury for Economic Policy returns with perhaps the most dire news to date.
He questions the validity of the official 4.7% employment figure, preferring instead the Shadowstats.com 23% unemployment number.
The discrepancy arises because job seekers are no longer considered unemployed after only a few weeks of inactivity.
The Bureau of Labor Statistics (BLS) inflates the monthly figure by 100,000-200,000 jobs by way of hedonic measures.
The true inflation rate is twice the current level via the U6 - the slight of hand allows unscrupulous officials to maintain unfairly low social security payments.
Billions of dollars of paper shorts dumped on the gold futures market via the Plunge Protection Team (PPT) aids and abets the manipulation scheme.
Ultimately, our guest anticipates a global nuclear cataclysm as internal forces foment conflict between the US and its major trading partners.
Goldseek.com / Silverseek.com President and founder, Peter Spina returns to the show with his mining share analysis, from his home in the Czech Republic.
Similar to the PMs sector, Prague has emerged from the former communist regime, entering a new Golden Era.
Peter outlines the unique character / appeal of the central European culture, including the entrepreneurial spirit.
Peter outlines the remarkable 500% return on 5 of his gold mining candidates recently announced at a Vancouver conference.
While virtually every PMs stock performed spectacularly in 2016, Peter Spina emphasizes the importance of quality in 2017.
Companies like Silver Wheaton (SWC) and Royal Gold (RGLD) are covered.
The guest / host concur that at the core of every successful investment portfolio lies gold / silver bullion.
Northern Vertex Mining (NEE.v), a company in which he continues to accumulate shares (Figure 1.1) is opening a mine in Arizona.
NEE.v continues substantial exploration work and is located in a favorable location near Las Vegas.
The duo also agree that the silver sector represents a remarkable valuation opportunity.
President Peter Spina
Goldseek.com / Silverseek.com
Peter Spina is President, CEO of GoldSeek.com & SilverSeek.com. His experience with the precious metals markets started back in the mid-1990s, which led to the creation of GoldSeek.com in 1995. Today GoldSeek.com ranks within the top, most-visited gold investor websites in the world with a 300,000+ global monthly reader outreach. Its sister site, SilverSeek.com, is ranked as one of the most visited silver websites in the world recently reaching 100,000+ monthly silver investor readers. Peter also makes frequent appearances in the media, including Investors Business Daily, MarketWatch, Reuters, and theStreet.com.
Dr. Paul Craig Roberts
Institute for Political Economy
Paul Craig Roberts is the John M. Olin Fellow at the Institute for Political Economy, Senior Research Fellow at the Hoover Institution, Stanford University, and Research Fellow at the Independent Institute. A former editor and columnist for The Wall Street Journal and columnist for Business Week and the Scripps Howard News Service, he is a nationally syndicated columnist for Creators Syndicate in Los Angeles and a columnist for Investor's Business Daily. In 1992 he received the Warren Brookes Award for Excellence in Journalism. In 1993 the Forbes Media Guide ranked him as one of the top seven journalists.
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