Bill
Murphy
from
GATA.org
and
the
host
discuss
the
recent
trend
of
higher
gold
imports
into
China
and
India.
Gold
exports
from
Switzerland
doubled
while
exports
from
London
increased
six
fold.
Similar
to
Pompeii
ahead
of
the
Mt.
Vesuvius
eruption,
many
investors
today
are
choosing
to
ignore
the
warning
signs.
Bill
Murphy
thinks
a
Pompeiian-like
eruption
will
impact
the
global
economic
system
when
global
central
banks
lose
control
of
the
precious
metals
markets.
Our
guest
shares
a
market
forecast
beyond
the
dreams
of
avarice
-
he
expects
silver
to
soar
to
$100
in
the
coming
years
and
gold
to
post
the
most
lofty
advance
in
financial
history.
The
XAU
is
nearing
multi-decade
lows
representing
a
long-term
contrarian
opportunity
on
an
epic
scale,
similar
to
undervalued
technology
sector-shares
during
the
2009
stock
market
correction,
nadir.
Bill
Murphy
from
GATA.org
and
the
host
discuss
the
recent
trend
of
higher
gold
imports
into
China
and
India.
Due
in
part
to
lower
duties
/
taxes
on
gold
imports,
demand
is
soaring
-
gold
exports
from
Switzerland
doubled
while
exports
from
London
increased
six
fold.
Similar
to
the
tragedy
from
antiquity
in
Pompeii
nearly
2,000
years
ago,
where
citizens
had
merely
a
few
hours
to
evacuate
the
entire
region
ahead
of
the
impending
eruption
of
Mt.
Vesuvius,
unfortunately,
many
investors
today
are
choosing
to
ignore
the
warning
signs.
Bill
Murphy
thinks
a
Pompeiian-like
eruption
will
impact
the
global
economic
system
when
global
central
banks
lose
control
of
the
precious
metals
markets.
At
that
point
free
market
mechanics
will
dominate
as
the
unshackled
supply
/
demand
forces
send
the
price
back
into
equilibrium.
According
to
a
report
from
Bloomberg
news,
Fed
officials
want
investors
to
believe
that
the
era
of
low
rates
is
ending
-
but
in
fact,
the
opposite
may
be
the
case
-
the
Fed
could
be
bluffing
given
the
precarious
state
of
the
global
economy.
Our
guest
shares
a
market
forecast
beyond
the
dreams
of
avarice
-
he
expects
silver
to
soar
to
$100
in
the
coming
years
and
gold
to
post
the
most
lofty
advance
in
financial
history.
The
XAU
is
nearing
multi-decade
lows
representing
a
long-term
contrarian
opportunity
on
an
epic
scale,
similar
to
undervalued
technology
sector-shares
during
the
2009
stock
market
correction,
nadir.
Gerald
Celente
returns
to
the
show
for
a
discussion
on
the
latest
edition
of
the
Trends
Journal.
Our
guest
notes
that
the
foreclosure
rate
is
up
20%
(Dynamic
foreclosure
chart)
in
the
past
12
months.
Even
against
the
backdrop
of
the
lowest
interest
rates
in
global
history,
over
3,000
years
of
economic
history,
the
financial
life
support
is
merely
sustaining
the
economic
patient.
Why
would
anyone
trust
the
official
economic
figures
such
as
the
current
unemployment
rate
of
5.5%,
when
the
more
accurate
U6
figure
indicates
23%
national
unemployment
(Unemployment).
A
central
reason
for
the
disparity
between
the
official
/
actual
figures
is
the
inaccurate
inflation
figure
(Inflation).
Given
that
inflation
is
at
least
4%
higher,
the
actual
GDP
or
economic
output
is
considerably
lower
-
the
US
has
remained
in
a
recession
for
nearly
15
consecutive
years!
(GDP).
Thanks
in
part
to
NAFTA,
millions
of
desirable
jobs
were
/
are
shipped
offshore,
over
5,000,000
careers
will
never
return.
Unfortunately,
the
Great
Recession
never
ended
and
is
now
systemic
/
global
in
breadth.
Eventually
the
Ponzi
scheme
will
end,
which
is
why
Gerald
Celente
says,
"gold
is
for
my
golden
years."
He
underscores
the
importance
of
building
a
portfolio
based
upon
a
firm
foundation
of
gold.
The
importance
of
portfolio
diversification
cannot
be
understated
-
a
well
known
billionaire
lost
approximately
$100
million
on
a
single
stock
bet
-
most
of
the
loss
was
avoidable
via
proper
asset
allocation.
.
The
editor
of
the
Trends
Journal
and
the
host
discuss
the
latest
edition
of
the
Trends
Journal.
Our
guest
thinks
the
much
touted
"economic
recovery"
global
is
little
more
than
smoke
and
mirrors,
given
that
the
foreclosure
rate
is
up
20%
(Dynamic
foreclosure
chart)
in
the
past
12
months.
Even
against
the
backdrop
of
the
lowest
interest
rates
in
global
history,
over
3,000
years
of
economic
history,
the
financial
life
support
is
merely
sustaining
the
economic
patient.
Why
would
anyone
trust
the
official
economic
figures
such
as
the
current
unemployment
rate
of
5.5%,
when
the
more
accurate
U6
figure
formerly
tabulated
by
the
Labor
Department
in
the
1980's
indicates
23%
national
unemployment
(see
Shadowstats.com:
Unemployment).
A
central
reason
for
the
disparity
between
the
official
/
actual
figures
is
the
inaccurate
inflation
figure
(see
Shadowstats.com:
Inflation).
Given
that
inflation
is
at
least
4%
higher,
the
actual
GDP
or
economic
output
is
considerably
lower
-
the
US
has
remained
in
a
recession
for
nearly
15
consecutive
years!
(see
Shadowstats.com:
GDP)
(See
Figure
1.1.)
Figure
1.1.
US
Gross
Domestic
Product
Note:
Graph
is
courtesy
of
shadowstats.com.
The
preceding
illustration
is
prima
facie
evidence
of
the
precarious
situation
facing
300+
million
Americans.
Thanks
in
part
to
bad
public
policies,
such
as
NAFTA,
the
North
American
Free
Trade
Agreement,
which
only
benefited
the
too
broke
to
bails
-
millions
of
desirable
jobs
were
/
are
shipped
offshore,
over
5,000,000
careers
will
never
return.
Unfortunately,
the
Great
Recession
never
ended
and
is
now
systemic
/
global
in
breadth.
Eventually
the
Ponzi
scheme
will
end,
which
is
why
Gerald
Celente
says,
"gold
is
for
my
golden
years,"
he
underscores
the
importance
of
building
a
portfolio
based
upon
a
firm
foundation
of
gold.
The
importance
of
portfolio
diversification
cannot
be
understated
-
a
well
known
billionaire
businessman
(click
here)
lost
approximately
$100
million
on
a
single
stock
-
most
of
the
loss
was
avoidable
via
proper
asset
allocation.
.
Harry
S.
Dent
Jr.
&
Chris
Waltzek
-
April
16,
2015.
The
Grexit
is
merely
the
tip
of
the
iceberg,
the
US
and
most
developed
nations
have
accumulated
enormous
debt
burdens,
under
the
guise
of
entitlement
programs.
Given
that
the
Grexit
appears
imminent,
our
guest
thinks
Spain
and
Portugal
could
be
the
next
to
face
debt
issues.
Credit
risk
is
increasing
-
investors
must
anticipate
a
resulting
increase
in
the
cost
of
credit,
i.e.
interest
rates
on
mortgages,
loans,
etc..
Government
profligacy
worldwide
has
created
financial
bubbles,
particularly
in
real
estate.
Singapore
officials
have
recognized
the
threat
and
imposed
restrictions
to
offset
rampant
speculation
in
housing,
similar
to
Dr.
Greenspan's
1996
irrational
exuberance
warning.
Despite
assurances
to
the
contrary
by
mainline
pundits,
the
resulting
economic
fallout
could
ignite
Great
Depression
like
conditions
or
worse.
Listener's
are
advised
to
make
preparations
by
stockpiling
necessities
and
precious
metals.
The
guest
and
host
agree,
given
the
anticipated
market
uncertainty,
the
best
investment
strategy
is
a
balanced
portfolio
comprised
of
broadly
diversified
/
competing
asset
classes,
including
precious
metals
(the
guest
recommends
an
allocation
of
at
least
10%),
cash,
real
estate,
equities,
bonds
energy
and
commodities.
.
The
Greek
debt
crisis
is
just
the
tip
of
the
iceberg,
according
to
Economist
and
best-selling
author
Harry
S.
Dent
Jr.,
the
US
and
most
developed
nations
have
accumulated
enormous
debt
burdens,
under
the
guise
of
entitlement
programs.
Given
that
the
Grexit
appears
imminent,
our
guest
thinks
Spain
and
Portugal
could
be
the
next
to
face
debt
issues.
When
financial
/
economic
exposure
is
in
play
as
evidenced
in
the
euro
zone,
credit
risk
increases
in
tandem
with
the
cost
of
credit,
i.e.
interest
rates
on
mortgages,
loans,
etc..
Worldwide
government
profligacy
has
created
financial
bubbles,
particularly
in
real
estate
-
Singapore
officials
have
recognized
the
threat
and
imposed
restrictions
to
offset
rampant
speculation
in
housing,
similar
to
Dr.
Greenspan's
famous
1996
irrational
exuberance,
warning.
Although
the
panacea
will
cause
temporary
economic
dislocations,
the
medicine
is
far
better
than
the
resulting
ailment,
an
asset
bubble
/
crisis
similar
to
the
2008
credit
crisis
/
great
recession.
Despite
assurances
to
the
contrary
by
mainline
pundits,
the
resulting
economic
fallout
could
ignite
Great
Depression
like
conditions
or
worse
-
listener's
are
advised
to
make
preparations
by
stockpiling
necessities
and
precious
metals.
The
guest
and
host
agree
that
economic
forecasting
is
a
challenging
process;
the
best
solution
to
uncertainty
is
building
a
balanced
portfolio
comprised
of
broadly
diversified
/
competing
asset
classes,
including
the
precious
metals
(Harry
S.
Dent
Jr.
Recommends
at
least
10%),
cash,
real
estate,
equities,
bonds
energy
and
commodities.
Nevertheless,
the
guest
offers
a
dire
warning
for
real
estate
investors
and
stocks,
anticipating
at
least
a
20%
decline
in
US
equities.
.
John
Embry
&
Chris
Waltzek
-
April
15,
2015.
Powered
by
Podbean.com
Please
download
this
show
in
Mp3
format:
click
here.
.
Summary:
John
Embry,
Chief
Investment
Strategist
at
Sprott
Asset
Management,
returns
to
the
show
with
his
thoughts
on
the
US
dollar
rally.
Policies
in
Japan
are
undermining
the
yen
currency,
while
the
crude
oil
price
plunge
has
devalued
the
Canadian
Loonie,
making
the
US
Greenback
appear
strong.
The
resulting
financial
mirage
is
directing
global
money
flows
into
US
equities
-
an
overvalued
sector.
US
corporate
earnings
appear
overstated
from
a
historical
perspective
due
in
part
to
irregular
accounting
methods.
John
Embry
does
not
expect
stock
prices
to
collapse
until
central
bank
officials
resort
to
more
hawkish
monetary
policies.
Gold
remains
the
de
facto
antithesis
of
paper
money.
Once
gold
reflects
its
true
intrinsic
value
relative
to
the
quadrillions
of
paper
debt
worldwide,
the
currency
scheme
will
unravel
at
the
seams.
Expect
a
new
global
currency
system
to
emerge
as
investors
shun
the
negative
yields
of
debt
/
bonds
in
favor
of
dividend
yielding
gold
/
silver
shares.
Bifurcated
economic
conditions
in
the
US
continues
to
expand,
denoted
by
the
overt
divide
between
the
haves
and
have
nots.
Favorite
gold
mining
companies
include
Agnico
Eagle
(AEM)
and
Goldcorp
(GG),
as
well
as
two
smaller
companies
outlined
in
the
show.
.
John
Embry,
Chief
Investment
Strategist
at
Sprott
Asset
Management,
home
of
the
Sprott
Gold
Miners
ETF
(SGDM)
with
over
$100
million
in
assets,
is
watching
the
US
dollar
rally
closely
-
with
both
eyes
firmly
fixed
on
events
unfolding
in
the
euro
zone
amid
the
Greek
exit
drama,
as
well
as
the
weak
yen
and
Canadian
Loonie-currency.
Policies
in
Japan
are
undermining
the
yen,
while
the
crude
oil
price
plunge
has
devalued
the
Canadian
Loonie,
making
the
US
Greenback
appear
strong.
The
resulting
financial
mirage
is
directing
global
money
flows
into
US
equities,
a
sector
that
is
wildly
overvalued
and
due
for
a
correction.
In
addition,
corporate
earnings
appear
vastly
overstated
from
a
historical
perspective
due
in
part
to
irregular
accounting
methods.
However,
John
Embry
does
not
expect
stock
prices
to
collapse
until
central
bank
officials
resort
to
more
hawkish
monetary
policies.
Gold
remains
the
de
facto,
antithesis
of
paper
money
-
once
the
precious
metals
reflect
their
true
intrinsic
value
relative
to
the
quadrillions
of
paper
debt
worldwide,
the
currency
scheme
will
unravel
at
the
seams.
Expect
a
new
global
currency
system
to
emerge
as
investors
shy
away
from
debt
/
bonds
earning
negative
yields
in
favor
of
gold
/
silver
producers
with
sizable
dividend
payments.
Moreover,
bifurcated
economic
conditions
in
the
US,
denoted
by
the
overt
divide
between
the
haves
and
have
nots
continues
to
grow,
with
the
majority
of
households
existing
in
near
Dickensian-like
conditions,
living
from
paycheck
to
paycheck.
The
solution
requires
efforts
beyond
merely
the
moral
suasion
of
elected
officials.
On
the
contrary,
until
accurate
economic
statistical
standards
are
enforced,
intentionally
skewed
numbers
like
the
consumer
price
index
(CPI)
will
continue
to
delude
the
masses.
John
Embry
treats
listener's
to
a
few
of
his
favorite
gold
mining
companies,
including
Agnico
Eagle
(AGM)
and
Goldcorp(GG),
plus
two
smaller
stocks
outlined
in
the
show.
James
Turk
returns
to
the
program
with
comments
on
Fed
profligacy,
which
will
eventually
send
the
yellow
metal
into
the
stratosphere,
already
up
10%
against
the
euro
currency
in
2015.
Expect
safe
haven
buying
in
the
euro
zone
to
intensify,
making
precious
metals
investments
once
again
the
asset
class
du
jour.
For
the
first
time
this
century,
the
NY
Fed's
gold
reserves
recently
dropped
below
6,000
tons,
hinting
that
officials
are
manipulating
the
market
lower
via
covert
gold
sales.
US
officials
are
making
a
strategic
blunder
of
epic
proportions
by
making
China
an
economic
foe
-
policy
could
be
reversed
to
avert
disaster
while
igniting
significant
synergies
between
the
world's
two
largest
economic
superpowers.
China
should
be
nurtured
as
a
Panda
ally,
not
a
tiger
rival.
Expect
the
dollar
rally
to
fade,
making
the
precious
metals
sector
an
attractive
investment
opportunity.
.
James
Turk,
from
GoldMoney.com,
co-author
of
the
bestseller,The
Money
Bubble,
says
the
condition
of
the
US
Greenback
remains
tenuous,
the
current
strength
is
due
to
hot
money
fleeing
the
negative
interest
rate
environment
in
the
EU,
as
evidenced
by
the
multi-decade
decline
in
global
fiat
currencies.
Fed
profligacy
will
eventually
wrestle
defeat
from
the
jaws
of
victory,
sending
the
yellow
metal
into
the
stratosphere,
which
is
already
up
10%
against
the
euro
currency
in
2015.
Expect
safe
haven
buying
in
the
euro
zone
to
intensify,
making
precious
metals
investments
once
again
the
asset
class
du
jour.
For
the
first
time
this
century,
the
NY
Fed's
gold
reserves
recently
dropped
below
6,000
tons,
hinting
that
officials
are
manipulating
the
market
lower
via
covert
gold
sales.
According
to
Ambrose
Evans-Pritchard
of
the
UK
Telegraph,
US
officials
are
making
a
strategic
blunder
of
epic
proportions
by
making
China
an
economic
foe
-
policy
could
be
reversed
to
avert
disaster
while
igniting
significant
synergies
between
the
world's
two
largest
economic
superpowers.
Put
simply,
China
should
be
a
Panda
ally
instead
of
a
tiger
rival.
His
economic
forecast
for
2015:
expect
the
dollar
rally
to
fade,
making
the
precious
metals
sector
an
attractive
investment
opportunity.
John
Williams
returns
to
Goldseek.com
Radio
with
dire
thoughts
on
the
veracity
of
the
official
economic
figures.
The
domestic
economy
has
not
recovered
-
virtually
every
economic
indicator
remains
stagnant
since
2009.
According
to
the
Wall
Street
Journal,
the
typical
American
household
spends
62%
merely
to
pay
housing
/
grocery
bills,
an
unsustainable
burden
While
corporations
have
recovered
from
the
recession,
the
everyday
consumer
has
not.
Without
real
income
growth
the
largest
component
of
the
domestic
economy,
consumption
(over
70%)
could
falter.
The
US
Dollar
will
likely
reverse
course,
which
will
result
with
runaway
inflation
and
hyperinflation.
The
best
defense
is
a
good
offense
-
only
gold
and
silver
investments
can
protect
investors
from
the
sea
change
event.
His
2015
economic
forecast
includes
a
sharp
decrease
in
economic
growth
/
output,
causing
Fed
officials
to
further
delay
rate
hikes.
.
Leading
alternative
economist
from
ShadowStats.com,
doubts
the
veracity
of
the
official
economic
figures,
noting
that
the
domestic
economy
has
not
recovered
as
our
officials
contend.
On
the
contrary,
his
analysis
shows
that
virtually
every
economic
indicator
remains
stagnant
since
2009.
He
adds
support
to
his
thesis,
via
moribund
consumer
income
levels,
given
the
soaring
cost
of
basic
necessities.
According
to
the
Wall
Street
Journal,
the
typical
American
household
spends
62%
merely
to
pay
housing
/
grocery
bills,
an
unsustainable
burden
-
reminiscent
of
serfs-like
burdens
in
the
feudal
system.
Therefore,
while
corporations
have
recovered
from
the
recession,
the
everyday
consumer
has
not.
Without
real
income
growth
the
largest
component
of
the
domestic
economy,
consumption
(over
70%)
could
falter.
The
startlingly
vertical
ascent
of
the
US
Dollar
will
likely
reverse
course
,
in
turn
increasing
inflation
to
the
benefit
of
gold,
silver,
crude
oil
and
commodities
investors.
His
work
indicates
that
a
dollar
collapse
is
imminent,
which
will
result
with
runaway
inflation
and
hyperinflation
-
only
gold
and
silver
investments
can
protect
investors
from
the
sea
change
event.
His
2015
economic
forecast
includes
a
sharp
decrease
in
economic
growth
/
output,
causing
Fed
officials
to
further
delay
rate
hikes.
Listener's
Q&A
(10
Calls)
-
Chris
Waltzek
-
April
7,
2015.
To
download
this
show
in
Mp3
format,
please
click
here.
Summary:
Amid
increasing
global-currency
concerns,
stockpiling
several
months
of
cash
in
a
well-hidden,
fire
proof
safe
is
advisable.
The
ruble
increased
in
value
from
44,000
per
ounce
to
90,000
in
2014,
currently
at
over
70,000
due
to
the
crude
oil
plunge.
The
ruble
fell
so
abruptly
that
gold
doubled
in
value
virtually
overnight
-
the
cost
of
goods
and
services
blasted
higher
crushing
the
purchasing
power
of
those
without
gold
and
silver
insurance.
The
central
fund
of
Canada,
a
PMs
ETF
with
equally
weighted
gold
/
silver
holdings
is
located
outside
the
US
providing
additional
geographic
diversification.
Caller
George
asks
if
the
Fed
is
colluding
to
make
the
US
dollar
more
attractive,
particularly
US
Bonds,
by
forcing
competing
currencies
like
the
euro
into
a
negative
interest
rate
environment.
Caller
John
notes
the
Fed's
massive
mortgage
backed
security
stockpile.
The
host
concurs,
citing
how
MBS
rate-risks
is
an
Achilles
heal
and
likely
why
the
Fed
is
so
hesitant
to
initiate
rate
hikes.
Listener
Vidya
is
concerned
by
the
threat
of
a
looming,
global
economic
collapse.
The
host
expects
such
a
scenario
to
come
to
pass
within
5-10
years,
given
that
the
BRICS
nations
are
shunning
the
US
dollar.
The
global
economic
end
game
could
involve
a
sudden
collapse
that
will
catch
virtually
every
investor
off
guard,
in
turn
catapulting
the
value
of
PMs,
circa
Europe
in
1922,
Venezuela,
and
Zimbabwe,
etc..
Please
record
your
questions
and
comments
via
our
NEW
hotline
24/7,
you
can
leave
your
first
name
or
remain
anonymous
if
you
prefer:
Q&A
Hotline:
1-206-666-5370.
Longtime
listener
Marcus
recommends
The
Yarborough
Group
for
home
security
and
survival
minded
listeners.
Caller
Rick
from
Pennsylvania,
notes
Harry
Dents
comments
on
holding
cash
in
reserves.
Harry
suggests
using
the
dollar
ETF,
UUP,
which
tracks
the
US
dollar
closely.
Holding
several
months
of
cash
on
hand
is
also
advisable
-
in
a
hidden
fire
proof
safe.
In
terms
of
gold
the
ruble
increased
from
44,000
per
ounce
to
90,000
near
the
end
of
last
year
-
currently
near
70,000,
due
to
the
crude
oil
plunge.
The
ruble
fell
so
abruptly
that
an
investment
in
gold
doubled
in
value
virtually
overnight
-
the
cost
of
goods
and
services
blasted
higher
crushing
the
purchasing
power
of
those
without
gold
and
silver
insurance.
Caller
Jeff
from
Denver
is
curious
about
CEF,
the
central
fund
of
Canada,
a
PMs
ETF
with
half
gold
and
half
silver
bullion
holdings.
CEF
is
located
outside
the
US
providing
additional
geographic
diversification.
Caller
George
asks
if
the
Fed
is
colluding
to
make
the
US
dollar
more
attractive,
in
particular
the
US
treasury,
by
forcing
competing
currencies
like
the
euro
into
a
negative
interest
rate
environment.
With
the
official
national
unemployment
rate
around
5.5%,
nearly
half
of
the
peak
number,
the
massive
QE
spending
and
rate
cuts
must
be
unwound.
What
better
time
than
now?
The
Feds
balance-sheet
chart
as
seen
at
the
St.
Louis
Feds
site
is
finally
showing
signs
of
slowing
and
even
rolling
over,
which
indicates
that
officials
are
putting
the
brakes
on
the
economy.
The
host
advocates
diversification
with
subtle
nuances,
stemming
from
his
PhD
dissertation,
substantiated
via
excel
spreadsheets,
Backtesting
and
forward
testing.
Caller
John
from
Illinois
discusses
tax
penalties
associated
with
PMs
investments.
Alpha
stocks
newsletter
subscribers
are
offered
a
10%
dividend
yielding
gold
ETF
alternative.
A
targeted
individual
(TI)
caller
applauds
the
host's
efforts
on
behalf
of
the
TI
community.
Caller
John
note's
the
Fed's
massive
Fed
MBS
numbers.
The
host
concurs,
citing
how
MBS
rate-risk
is
an
Achilles
heal
and
a
primary
reason
why
the
Fed
is
so
hesitant
to
pull
the
trigger
on
rate
hikes
-
higher
could
jeopardize
the
value
of
their
balance
sheet,
as
well
as
the
treasury
debt,
as
bond
value
is
negatively
correlated
to
rates.
Vidya
is
concerned
by
the
threat
of
a
looming,
global
economic
collapse.
The
host
expects
such
a
scenario
to
come
to
pass
within
5-10
years
in
the
global
economy,
particularly
given
the
rush
away
from
US
dollars
by
the
BRICS
nations.
The
global
economic
end
game
could
involve
a
sudden
collapse
that
will
catch
virtually
everyone
off
guard,
in
turn
catapulting
the
value
of
PMs,
circa
Europe
in
1922,
Venezuela,
and
Zimbabwe,
etc..
Please
call
in
your
questions
and
comments
via
our
NEW
hotline
24/7,
you
can
leave
your
first
name
or
remain
anonymous
if
you
prefer:
Q&A
Hotline:
1-206-666-5370.
Bob
Hoye,
returns
from
a
2
week
speaking
engagement
in
Asia
/
Singapore
with
key
market
insights.
The
US
dollar
has
entered
a
new
bull
trend
relative
to
most
competing
currencies.
Millions
of
investors
are
accumulating
gold
and
silver
as
portfolio
insurance,
as
well
as
a
defiant
gesture
against
government
profligacy.
The
PMs
mining
sector
will
likely
present
bargain
opportunities,
benefiting
from
significantly
lower
energy
expenses.
.
Bob
Hoye,
senior
Investment
strategist
at
Institutional
Advisors,
returns
from
a
2
week
speaking
engagement
in
Asia
/
Singapore
with
key
market
insights.
His
work
indicates
that
the
US
dollar
has
entered
a
new
bull
trend
relative
to
most
competing
currencies,
worldwide.
Millions
of
investors
are
buying
gold
and
silver
not
only
as
portfolio
insurance,
but
as
a
defiant
gesture
against
government
profligacy.
The
PMs
mining
sector
will
likely
present
bargain
opportunities
-
gold
producers
will
benefit
from
significantly
lower
energy
related
expenses.
Dr.
Chris
Martenson
&
Chris
Waltzek
-
April
1,
2015.
Dr.
Martenson
from
PeakProsperity.com
says
central
bankers
and
their
Fed
colleagues
cannot
print
prosperity.
Despite
unprecedented,
negative
interest-rate
policies,
global
growth
remains
lackluster.
Expect
residential
housing
prices
to
return
to
the
mean,
falling
back
in
line
with
historical
precedents
(Case-Shiller
Housing
Index).
He
likes
crude
oil
investments
as
a
long
term
bet
on
global
hostilities.
When
deflation
takes
hold,
gold
is
the
only
unencumbered
asset
that
will
offer
protection
from
institutional
defaults
and
liens.
The
insatiable
appetite
for
gold
in
China
continues
to
make
the
yellow
metal
an
ideal
investment.
Dr.
Martenson
from
PeakProsperity.com
says
despite
their
Herculean
efforts,
central
bankers
and
their
Fed
colleagues
cannot
print
prosperity.
Despite
unprecedented,
negative
interest-rate
monetary
policies,
global
growth
remains
lackluster.
Dr.
Martenson
differentiates
between
good
/
bad
debt
-
good
debt
increases
productivity
while
bad
debt
decreases
living
standards.
Our
guest
thinks
a
residential
home
is
not
a
traditional
asset
as
it
fails
to
generate
returns
(no
dividend
/
interest)
except
when
rented.
Therefore,
expect
residential
housing
prices
to
return
to
the
mean,
falling
back
in
line
with
historical
precedents
(Case-Shiller
Housing
Index).
In
addition,
each
1%
increase
in
rates
lowers
housing
affordability
by
10%.
Since
rates
are
expected
to
climb
over
the
next
few
years,
demand
could
subsequently
decrease
at
an
exponential
pace,
resulting
with
plummeting
house
prices
across
the
board.
Geopolitical
tensions
remain
high
-
the
US
may
be
inflaming
tensions
via
training
exercises
in
Ukraine.
He
likes
crude
oil
investments
as
a
long
term
bet
on
global
hostilities.
The
Dr.'s
work
shows
that
commodities
prices
are
declining,
suggesting
that
deflation
is
winning
over
inflationary
forces,
making
oil
investments
particularly
appropriate,
such
as
shale
producers.
When
deflation
takes
hold,
gold
is
the
only
unencumbered
asset
that
will
offer
protection
from
institutional
defaults
and
liens.
In
addition,
the
insatiable
appetite
for
gold
in
China
continues
to
make
the
yellow
metal
the
ideal
investment
life
jacket
in
a
perilous
ocean
of
paper
assets.
.
Martin
Armstrong
&
Chris
Waltzek
-
March
20,
2015.
Economist
Martin
Armstrong
ofArmstrong
Economics
is
the
subject
of
a
new
controversial
documentary
The
Forecaster.
Our
guest
compares
the
economic
carnage
in
the
EU
to
the
fallout
in
Detroit,
a
once
vibrant
showcase
of
capitalism.
The
dollar
has
considerable
upside
amid
global
deflation,
as
the
US
is
viewed
as
the
least
sick
patient
in
the
economic
ward.
Gold
is
the
ultimate
hedge
against
government
risk
-
the
bull
market
will
resume
when
investors
lose
faith
in
their
governments.
His
cyclical
models
indicate
that
gold
will
regain
upward
momentum
in
October
2015,
coinciding
with
a
stock
market
cycle
zenith.
He
expects
the
Fed
to
raise
interest
rates
into
2017,
without
negatively
impacting
stock
market
performance.
His
models
predict
the
Dow
Jones
Industrials
average
with
a
median
target
of
23,000
and
an
outside
chance
of
35,000-40,000
as
retail
investors
reenter
the
market
circa
2000.
Economist
Martin
Armstrong
ofArmstrong
Economics
is
the
subject
of
a
new
controversial
documentary
The
Forecaster,
which
is
sold
out
in
theaters
across
Europe
and
débuts
next
week
in
L.A.
and
NY,
NY.
The
guest
compares
the
economic
carnage
in
the
EU
to
the
fallout
in
Detroit,
a
once
vibrant
showcase
of
capitalism.
Nonetheless,
the
dollar
has
considerable
upside
amid
global
deflation,
as
the
US
is
viewed
as
the
least
sick
patient
in
the
economic
ward,
making
the
currency
the
go
to
safe
haven.
Gold
is
the
ultimate
hedge
against
government
risk
-
the
bull
market
will
resume
when
investors
lose
faith
in
their
governments.
His
cyclical
models
indicate
that
gold
will
regain
upward
momentum
in
October
2015,
when
his
model
predicts
a
stock
market
cycle
zenith.
He
expects
the
Fed
to
raise
interest
rates
into
2017,
without
negatively
impacting
stock
market
performance.
For
the
time
being,
cash
is
king
-
expect
further
deflation
and
a
potential
vertical
ascent
in
the
Dow
Jones
Industrials
average
with
a
median
target
of
23,000
and
an
outside
chance
of
35,000-40,000
as
retail
investors
reenter
the
market
circa
2000.
'
Louis
Navellier
&
Chris
Waltzek
-
March
18,
2015.
Louis
Navellier's
investment
funds
continue
to
top
the
Wall
Street
Journal
profitability
charts
in
2014
-
2015.
The
strong
US
dollar
is
erasing
profits
of
multinationals.
Such
conditions
are
merely
temporary
blips
amid
an
ongoing
equities
bull
market.
Three
months
of
negative
retail
sales
are
exacerbating
national
deflation,
which
is
impacting
Fed
policy
Fed
officials
cannot
afford
to
raise
rates
this
summer,
the
resulting
economic
carnage
would
be
too
costly.
Instead,
expect
dollar
strength
to
continue,
ramping
up
deflation.
The
guest
shares
favorite
stock
holdings,
including
Lowes
(LOW).
Gold
was
the
best
performing
commodity
last
year.
Central
banks
continue
to
add
the
yellow
metal
to
their
stockpiles
at
a
record
clip.
Increasing
gold
and
platinum
allocation
is
advisable.
Louis
Navellier's
investment
funds
continue
to
top
the
Wall
Street
Journal
profitability
charts
in
2014
-
2015.
He
says
the
strong
US
dollar
is
erasing
profits
of
multinationals,
leading
to
lackluster
corporate
earnings
results.
However,
such
conditions
are
merely
temporary
blips
amid
an
ongoing
bull
market
that
should
continue
much
higher,
as
stocks
yield
considerably
more
than
most
savings
instruments
in
the
low
interest
rate
environment.
Three
months
of
negative
retail
sales
are
exacerbating
national
deflation,
which
is
impacting
Fed
policy
-
19%
of
new
sovereign
debt
carries
a
negative
yield,
worldwide.
According
to
Louis
Navellier,
Fed
officials
cannot
afford
to
raise
rates
this
summer,
the
resulting
economic
carnage
would
be
too
costly.
Instead,
expect
dollar
strength
to
continue,
ramping
up
deflation.
Although
deflation
portends
lower
prices
for
goods
and
services,
a
positive
for
most
people,
the
more
insidious
side
of
deflation
is
increased
job
losses.
The
guest
shares
favorite
stock
holdings,
including
Lowes
(LOW).
Gold
was
the
best
performing
commodity
last
year
-
central
banks
continue
to
add
the
yellow
metal
to
their
stockpiles
at
a
record
clip.
Louis
Navellier
suggests
adding
gold
and
platinum
as
key
portfolio
components,
upping
the
allocation
percentage
due
to
increased
market
volatility-risk.
Goldseek.com
Radio
welcomes
Jeffrey
Nichols
in
his
début
appearance
on
the
show.
Economist
Jeffrey
Nichols
recommends
that
every
investment
portfolio
includes
an
allocation
of
at
least
5%-10%
in
precious
metals.
Physical
bullion
demand
continues
to
rise,
representing
a
disconnect,
particularly
in
Asia,
where
demand
is
in
excess
of
1000
tons
(29
million
troy
ounces).
Once
the
threat
of
central
bank
rate
hikes
passes,
expect
gold
to
soar
several
fold
above
current
levels.
US
equities
are
wildly
overvalued
-
eventually
investors
will
reallocate
share
profits
into
gold
and
silver
bullion
and
related
equities.
Economist
Jeffrey
Nichols
from
Rosland
Capital
and
American
Precious
metals
Advisors
recommends
that
every
investment
portfolio
includes
an
allocation
of
at
least
5%-10%
in
precious
metals.
A
key
reason
why
the
gold
sector
has
lost
some
luster
over
the
past
3
years
is
due
to
gold
securities
selling,
as
hedge
funds
with
deep
pockets
speculate
against
gold.
Nevertheless,
physical
bullion
demand
continues
to
rise
at
the
same
time,
representing
a
disconnect,
particularly
in
Asia,
where
demand
is
in
excess
of
1000
tons
(29
million
troy
ounces).
Once
the
threat
of
central
bank
rate
hikes
passes,
expect
gold
to
soar
several
fold
above
current
levels.
The
guest
agrees
that
US
equities
are
wildly
overvalued
-
eventually
investors
will
reallocate
share
profits
into
gold
and
silver
bullion
and
related
equities.
Goldseek.com
Radio
welcomes
Marin
Aleksov
in
his
début
appearance
on
the
show.
Thanks
in
no
small
part
to
the
repeal
of
the
the
Glass-Steagall
Act
and
related
financial
fail-safes,
Pandora's
box
is
fully
ajar,
economic
misery
is
imminent.
Some
executives
succumbed
to
the
lure
of
exorbitant
bonuses,
choosing
profits
to
the
detriment
of
investors.
Marin
Aleksov
likens
precious
metals
exposure
to
home
insurance.
The
3
year
downturn
has
created
a
risk
/
reward
situation
that
favors
gold
over
most
competing
assets.
Mr.
Aleksov
visited
Hong
Kong,
noting
long
lines
of
gold
investors,
waiting
for
an
opportunity
to
procure
the
vital
bullion
insurance
plan.
Most
of
the
35
million
visitors
from
China
consider
a
gold
purchase.
Nevertheless
only
10%-20%
of
the
entire
populace
has
access
to
gold,
increasing
future
demand
prospects.
He
expects
the
Grexit
(Greek
exit
from
EU)
to
get
out
of
hand,
potentially
leading
next
to
an
exit
by
Spain,
making
gold
essential
portfolio
insurance.
Goldseek.com
Radio
welcomes
Marin
Aleksov
in
his
début
appearance
on
the
show.
Thanks
in
no
small
part
to
the
repeal
of
the
the
Glass-Steagall
Act
and
related
financial
fail-safes,
Pandora's
box
is
fully
ajar,
economic
misery
imminent.
Some
financial
executives
succumbed
to
enticements,
choosing
to
chase
exorbitant
profits
to
the
detriment
of
investors.
Marin
Aleksov
likens
precious
metals
exposure
to
home
insurance.
The
3
year
downturn
has
created
a
risk
/
reward
situation
that
favors
gold
over
most
competing
assets.
Mr.
Aleksov
visited
Hong
Kong,
noting
long
lines
of
gold
investors,
waiting
for
an
opportunity
to
procure
the
vital
bullion
insurance
plan.
Most
of
the
35
million
visitors
from
China
consider
a
gold
purchase.
Nevertheless
only
10%-20%
of
the
entire
populace
has
access
to
gold,
increasing
future
demand
prospects.
He
expects
the
Grexit
(Greek
exit
from
EU)
to
get
out
of
hand,
setting
up
a
domino
effect
throughout
the
peripheral
nations,
potentially
leading
next
to
an
exit
by
Spain,
in
turn
making
bullion
an
essential
portfolio
component.
Goldseek.com
Radio
is
honored
to
welcome
Louise
Yamada
in
her
début
appearance
on
the
show.
The
highly
respected
market
maven
correctly
predicted
the
equities
bull
market.
Unlike
the
stock
market
price-zenith
of
2000,
this
time
share
valuations
are
reasonable
-
the
market
is
behaving
in
a
more
orderly
fashion,
suggestive
of
further
upside
potential.
Although
US
stocks
appear
to
be
in
a
primary
uptrend,
several
laggard
sectors
suggest
that
at
least
a
5%
pullback
could
provide
the
pause
necessary
to
initiate
the
next
leg
higher.
The
greenback
bull
run
may
be
only
in
it's
infancy
-
odds
favor
a
multi-year
advance.
Goldseek.com
Radio
is
honored
to
welcome
Louise
Yamada
in
her
début
appearance
on
the
show.
The
highly
respected
market
maven
correctly
predicted
the
equities
bull
market,
several
years
in
advance.
Unlike
the
stock
market
price-zenith
of
2000,
this
time
share
valuations
are
reasonable
(with
few
120
PE
ratios),
the
market
is
behaving
in
a
more
orderly
fashion,
suggestive
of
further
upside
potential.
Although
US
stocks
appear
to
be
in
a
primary
uptrend,
several
laggard
sectors
suggest
that
at
least
a
5%
pullback
may
facilitate
the
pause
necessary
to
initiate
the
next
leg
higher.
Louise
Yamada
and
her
colleagues
continue
to
monitor
the
US
dollar
rally
closely
-
the
bull
run
may
be
only
in
it's
infancy,
with
considerably
further
upside
potential.
Our
guest
outlines
key
reasons
why
every
investor
must
adhere
to
market
trends,
the
hallmark
of
supply
and
demand
dynamics,
otherwise
face
the
perils
of
merciless
market
forces.
China
boasts
the
most
trading
partners
of
any
nation
(124).
Dr.
Faber
believes
the
PBoC
may
have
accumulated
thousands
of
tons
of
gold
bullion
reserves,
in
anticipation
of
a
gold
backed
Yuan
/
renminbi.
The
modus
operandi
includes
the
gradual
weakening
of
the
Yuan,
to
the
benefit
of
the
manufacturing
and
exporting
sectors,
followed
by
the
introduction
of
a
gold-backed
currency.
The
resulting
Yuan
devaluation
will
be
offset
by
the
increased
value
of
the
massive
PBoC
gold
stockpile.
The
theme
of
corporate
share-buyback
announcements
is
emblematic
of
an
equities
market
bubble.
Dr.
Faber
expects
emerging
market
equities
to
outperform
US
shares,
presenting
an
opportunity
for
wise
investors
to
reap
rewards
via
foreign
shares.
Diversification
is
the
ideal
panacea
for
market
uncertainty
/
volatility.
Dr.
Faber
distributes
his
funds
among
cash,
real
estate,
stocks,
bonds
and
precious
metals
(25%).
Eventually,
precious
metals
holders
could
be
vilified
for
their
windfall
profits
and
targeted
by
unscrupulous
officials.
Therefore,
it
is
advisable
to
relocate
gold
investments
to
safe
havens
located
in
Asia.
.
Dr.
Faber
believes
the
PBoC
may
have
accumulated
thousands
of
tons
of
gold
bullion
reserves,
many
fold
the
official
figure,
in
anticipation
of
a
gold
backed
Yuan
/
renminbi.
China
boasts
the
most
trading
partners
of
any
nation,
124,
making
a
sound
and
readily
acceptable
currency,
an
essential
ingredient
for
global
expansion.
The
modus
operandi
includes
a
gradual
weakening
of
the
Yuan,
to
the
benefit
of
the
manufacturing
and
exporting
sectors,
followed
by
the
introduction
of
a
gold
backed
currency.
En
passant,
the
Yuan
devaluation
will
be
offset
by
the
increased
value
of
the
massive
PBoC
gold
stockpile.
Although
the
domestic
equities
market
has
performed
exceptionally
well
in
the
wake
of
the
2008
credit
crisis,
shares
have
reached
frothy
levels.
Dr.
Faber
expects
emerging
markets
to
outperform
US
equities,
presenting
an
opportunity
for
wise
investors
to
reap
rewards
via
foreign
shares.
The
trend
of
domestic
corporate
share
buybacks
is
emblematic
of
an
equities
market
bubble.
Diversification
is
the
ideal
remedy
for
market
uncertainty
/
volatility.
Dr.
Faber
distributes
his
funds
among
cash,
real
estate,
stocks,
bonds
and
precious
metals
(25%).
Eventually,
investors
could
be
vilified
for
their
gold
investment
related,
windfall
profits,
becoming
the
target
of
officials,
burdened
by
sagging
tax
revenues
and
unpayable
debts.
Therefore,
it
is
advisable
to
relocate
gold
investments
in
safe
havens
located
in
Asia,
outside
the
jurisdiction
of
potentially
unscrupulous
officials.
Peter
Grandich
&
Chris
Waltzek
-
February
26,
2015.
According
toPeter
Grandich
every
investor
needs
a
financial
bug-out
plan.
This
week's
Congressional
meeting
did
little
to
restore
Fed
transparency.
It's
time
to
pull
the
curtain
back
at
the
Fed;
gold
stockpiles
require
a
third
party
investigation.
When
the
truth
becomes
widely
known
that
the
gold
reserves
have
likely
been
rehypothecated
into
extinction,
the
repercussions
could
be
intense,
rocking
the
foundations
of
the
global
financial
markets.
Thanks
to
decades
of
fiscal
irresponsibility,
the
Fed
has
been
forced
to
shoulder
the
full
responsibility,
an
impossible
task
over
the
long-term.
The
currency
war
now
includes
a
race
to
debase
the
national
currency
before
the
neighbors,
to
stimulate
economic
output
and
postpone
the
inevitable
day
of
reckoning.
In
the
next
financial
crisis,
few
life
rafts
/
boats
will
be
available.
Peter
points
to
former
Fed
Chief,
Dr.
Greenspan's
quote
from
an
article
in
the
Wall
Street
Journal
(2014),
"Gold
is
currency...
No
fiat
currency,
including
the
dollar,
can
match
it."
.
According
toPeter
Grandich
every
investor
needs
a
financial
bug-out
alternative
to
paper
currencies.
This
week's
Congressional
meeting
did
little
to
restore
Fed
transparency;
it's
time
to
pull
the
curtain
back
at
the
Fed;
the
national
gold
stockpiles
at
Fort
Knox,
West
Point
and
the
NY
Fed,
require
a
third
party
investigation,
after
all
it
is
We
the
people's.
When
the
truth
becomes
widely
known
that
the
gold
reserves
have
likely
been
rehypothecated
into
extinction,
the
repercussions
could
be
intense,
rocking
the
foundations
of
the
global
financial
markets.
Thanks
to
decades
of
fiscal
irresponsibility,
the
Fed
has
been
forced
to
shoulder
the
full
responsibility,
an
impossible
task
over
the
long-term.
The
currency
war
now
includes
a
race
to
devalue
national
currencies
before
neighboring
countries
follow
suit,
to
stimulate
economic
output
and
postpone
the
inevitable
day
of
reckoning.
Nonetheless,
the
economic
battleship
is
slow
to
shift
course
-
eventually
the
interest
rate
war
games
will
backfire.
Case
in
point,
an
article
this
week
illustrated
the
struggle
with
rising
prices
levels
in
Japan,
amid
the
fallout
of
central
bank
profligacy.
If
history
holds
true
in
the
next
financial
drama,
few
life
rafts
/
boats
will
be
available
making
timely
financial
contingencies
a
top
priority
for
every
investor.
For
those
who
remain
unconvinced,
Peter
Grandich
points
to
Alan
Greenspan's
quote
from
an
article
in
an
October
issue
of
the
Wall
Street
Journal
(2014),
"Gold
is
currency...
No
fiat
currency,
including
the
dollar,
can
match
it."
Bob
Hoye
views
QE
operations
with
a
weary
eye
-
noting
the
95%
loss
in
purchasing
power.
Central
banking
profligacy
has
sparked
a
speculative
fervor
/
mania.
The
resulting
financial
bubble
is
approaching
or
at
a
zenith,
circa
2007.
Gold
has
found
a
firm
footing;
a
rally
is
imminent.
A
5-10%
portfolio
position
in
the
yellow
metal
is
advisable.
Market
weakness
is
an
opportunity
to
accumulate
junior
shares,
particularly
those
with
relatively
robust
earnings
prospects.
.
Bob
Hoye,
senior
Investment
strategist
at
Institutional
Advisors,
views
the
longest
running,
100
year
old
monetary
experiment,
i.e.,
the
Federal
Reserve
system
in
a
weary
eye
-
noting
how
the
system
presided
over
a
dozen
recessions,
resulting
with
a
loss
of
95%
in
purchasing
power.
Central
banking
profligacy
has
sparked
a
speculative
fervor
/
mania
by
money
mangers.
The
resulting
financial
bubble
is
approaching
or
at
a
zenith,
circa
2007.
Nevertheless,
lax
monetary
standards
is
the
primary
support
under
the
equities
market.
Gold
has
found
a
firm
footing;
a
rally
is
imminent
and
every
investor
is
advised
to
hold
5-10%
in
the
yellow
metal
as
an
insurance
plan.
Given
that
gold
/
silver
equities
are
outperforming
bullion,
he's
advising
clients
to
use
market
weakness
as
an
opportunity
to
accumulate
junior
shares
particularly
those
with
relatively
robust
earnings
prospects.
Nevertheless,
since
market
prediction
has
a
spotty
track
record,
until
the
trend
improves
caution
is
advisable.
Arch
Crawford
&
Chris
Waltzek
-
February
19,
2015.
Powered
by
Podbean.com
To
download
the
free
mp3
file,
please:
click
here.
Summary:
Arch
Crawfordsays
years
that
end
in
5,
i.e.
2015
have
typically
coincided
with
the
best
equities
market
performances.
The
working
group
on
markets
is
coordinating
the
markets
with
the
Fed,
US
Treasury
and
key
investment
banks.
Arch
remains
a
long-term
gold
bull,
underscoring
the
importance
for
every
household
to
maintain
a
gold
and
silver
portfolio-insurance
plan.
.
From
his
new
office
in
the
Sonoran
desert
-
Arizona,
Arch
Crawford,
head
of
Crawford
Perspectives,
rejoins
the
show
following
a
two
year
hiatus.
Arch
fuses
statistical
analysis
with
unconventional
prognostication
techniques;
he
finds
that
years
which
end
in
5,
i.e.
2015,
have
typically
coincided
with
the
best
equities
market
performances
in
the
Dow
Jones
Industrials'
117
year
history,
while
years
ending
in
9
&
0
have
the
worst
statistical
track
record.
Nevertheless,
his
enthusiasm
is
constrained
by
the
fact
that
the
first
five
days
of
the
new
year
were
lower
signifying
challenging
times
ahead
for
investors.
The
working
group
on
markets
is
coordinating
the
markets
with
the
Fed,
US
Treasury
and
key
investment
banks.
Arch
remains
a
long-term
gold
bull,
underscoring
the
importance
for
every
household
to
maintain
a
gold
and
silver,
portfolio
insurance
plan.
Peter
Schiff
outlines
the
latest
Greek
exit
story;
officials
rejected
the
EU
bailout
this
week.
Only
two
weeks
remain
until
the
existing
bailout
program
expires.
The
impasse
exposes
the
debt-laden
nation
to
default.
Ironically,
the
weakest
nation
in
the
EU
was
once
the
textbook
example
of
currency
stability
via
the
silver
drachma.
Separation
from
the
EU
could
induce
intense
economic
/
sociological
dislocations.
The
moral
hazard
resulting
from
caving
to
demands
for
endless
bailouts
is
intense
facilitating
a
bottomless
pit,
devouring
capital
in
the
heart
of
the
EU.
Eventually
Greece
could
emerge
as
a
more
sound
and
vibrant
economy.
ECB
ministers
are
insuring
that
the
economic
epidemic
is
contained,
shielding
the
EU
from
a
systemic
infection
of
over
$25
trillion
dollars
in
euro-currency
sensitive
derivatives-exposure.
Peter
Schiff
makes
the
bold
claim
that
the
US
is
as
insolvent
as
Greece.
Fed
officials
will
be
compelled
to
restart
QE
operations
indefinitely
to
forestall
the
purportedly
imminent
benchmark
rate
hike.
As
a
result,
the
working
and
middle
classes
will
bear
the
brunt
of
the
economic
burden,
vis-à-vis
unnecessarily
inflated
prices
for
homes,
groceries
and
related
expenses.
Peter
expects
gold
to
outperform
the
equities
indexes
in
2015,
as
investors
accumulate
metals
amid
worsening
domestic
unemployment.
In
particular,
gold
and
silver
mining
companies
represent
solid
values
relative
to
shares
in
competing
sectors.
.
On
the
phone
from
his
vacation
home
in
Puerto
Rico,
the
head
of
Schiff
Gold,
Euro
Pacific
Capital;
Euro
Pacific
Gold
Fund
(EPGFX),
and
the
host
discuss
the
latest
Greek
exit
story;
last
Friday
EU
finance
ministers
failed
to
reach
an
amicable
solution
in
negotiations
between
Greece
and
its
creditors.
This
week,
Greek
officials
rejected
the
proposed
EU
bailout
designed
to
assuage
nervous
creditors.
Only
two
weeks
remain
until
the
existing
bailout
program
expires.
Without
further
funding,
the
impasse
exposes
the
debt-laden
nation
to
default.
The
discussion
includes
speculation
regarding
the
Grexit
and
a
return
to
the
traditional
Drachma
currency.
Ironically,
the
weakest
nation
in
the
EU
was
once
the
textbook
example
of
currency
stability
via
the
silver
drachma,
the
benchmark
for
numerous
silver
backed
currencies,
including
the
Pound
Sterling
and
the
original
US
Dollar.
Separation
from
the
EU
could
induce
intense
economic
/
sociological
dislocations.
The
moral
hazard
resulting
from
caving
to
demands
for
endless
bailouts
is
intense,
creating
a
bottomless
pit,
devouring
capital
in
the
heart
of
the
EU.
Nevertheless,
eventually
Greece
could
emerge
as
a
more
sound
and
vibrant
economy.
Unlike
the
their
Fed
counterparts,
ECB
ministers
are
insuring
that
the
economic
epidemic
remains
localized,
shielding
the
EU
from
a
systemic
infection
of
over
$25
trillion
dollars
in
euro
currency
sensitive
derivatives
exposure.
The
plot
thickens
as
Peter
Schiff
makes
the
bold
claim
that
the
US
is
as
insolvent
as
Greece;
merely
a
Fed
slight
of
hand
is
keeping
the
currency
Ponzi
scheme
in
play.
Fed
officials
will
be
compelled
to
restart
QE
operations
indefinitely
to
forestall
the
purportedly
imminent
benchmark
rate
hike.
As
a
result,
the
working
and
middle
classes
will
bear
the
brunt
of
the
economic
burden,
vis-à-vis
unnecessarily
inflated
home,
grocery
and
related
expenses.
Peter
expects
gold
to
outperform
the
equities
indexes
in
2015,
as
investors
accumulate
metals
amid
worsening
domestic
unemployment.
Dr.
Stephen
Leeb
&
Chris
Waltzek
-
February
12,
2015.
Dr.
Leeb
points
to
possible
inflection
points
emanating
from
Ukraine
and
or
Greece.
A
Grexit
could
result
in
a
Bretton
Woods
Agreement
II.
The
argument
that
the
domestic
economy
is
in
full
recovery
mode
is
a
non
sequitur.
Gold
ETFs
are
reporting
the
largest
monthly
inflows
in
years,
hinting
at
an
increased
affinity
by
retail
investors.
The
precious
metals
market
has
likely
found
a
floor,
$1,100
should
hold
until
the
bull
market
resumes
around
2016-17.
The
shifting
political
landscape
could
once
again
support
stronger
commodities
prices,
sending
gold
as
high
as
$10,000
per
ounce
at
a
breathtaking
pace.
The
road
out
of
serfdom
is
paved
with
our
former
glorious
national
past,
including
ideals
such
as
frugality,
perseverance,
self-sacrifice,
frugal
living
and
the
golden
rule.
Dr.
Leeb's
takeaway
point:
every
global
inhabitant
must
own
gold
in
preparation
for
imminent
economic
disruptions.
Best-selling
author
and
head
of
Leeb's
Market
Forecast,
Dr.
Stephen
Leeb
thinks
current
economic
conditions
are
the
most
unconventional
/
disturbing
in
history,
including
possible
inflection
points
emanating
from
Ukraine
and
or
Greece.
The
tipping
point
that
could
push
the
chaotic
system
to
the
point
could
be
a
Grexit,
where
Greece
leaves
the
EU
or
increased
tensions
in
the
Mideast
/
Ukraine.
Global
currencies
are
so
strained,
eventually
a
new
system
will
emerge,
perhaps
a
Bretton
Wood
Agreement
part
2,
with
China
taking
the
lead
in
the
proceedings
as
the
preeminent
global
superpower,
thanks
to
years
of
gold
bullion
accumulation
by
the
PBoC,
which
has
purportedly
accumulated
above
even
the
highest
estimate
of
the
king
of
currencies.
The
argument
that
the
domestic
economy
is
in
full
recovery
mode
is
a
non
sequitur,
the
theory
simply
fails
to
fit
the
empirical
facts.
Gold
ETFs
are
reporting
the
largest
monthly
inflows
in
years,
hinting
at
an
increased
affinity
by
retail
investors
for
the
metal.
The
precious
metals
market
has
likely
found
a
floor,
$1,100
should
hold
until
the
bull
market
resumes
around
2016-17,
when
the
shifting
political
landscape
could
once
again
support
stronger
commodities
prices,
sending
gold
as
high
as
$10,000
per
ounce
at
a
breathtaking
pace.
The
road
out
of
serfdom
is
paved
with
a
revival
of
our
former
glorious
national
past,
including
ideals
such
as
frugality,
perseverance,
self-sacrifice,
frugal
living
and
the
golden
rule,
treating
others
as
we'd
like
to
be
treated,
our
domestic
and
global
neighbors.
Dr.
Leeb's
takeaway
point:
it
is
absolutely
critical
that
every
global
inhabitant
own
gold
in
preparation
for
imminent
economic
disruptions.
.
Gerald
Celente
&
Chris
Waltzek
-
February
11,
2015.
Gerald
is
convinced
that
every
aspect
of
our
lives
is
manipulated,
from
the
media
to
the
markets,
the
spin
is
ubiquitous.
Most
of
the
funds
earmarked
for
new
mortgage
loans
are
being
diverted
instead
to
corporations,
which
promptly
purchase
their
own
shares.
Gerald
refutes
The
Big
Lie,
the
Fed's
new
mantra,
"Deflation
is
Bad."
The
PTB
are
hiding
the
true
economic
numbers,
masking
the
real-world
economic
depression.
.
The
editor
of
the
Trends
Journal
and
the
host
discuss
the
latest
must
read
Trends
Journal
-
Gerald
is
convinced
that
every
aspect
of
our
lives
is
manipulated,
from
the
media
to
the
markets,
the
spin
is
ubiquitous
and
serving
the
whims
of
a
few
elite.
Most
of
the
funds
earmarked
for
new
mortgage
loans
are
being
diverted
instead
to
corporations,
which
promptly
purchase
their
own
shares,
boosting
their
share
prices
to
fatten
executive
bonuses.
The
net
result
is
a
solid
stock
market
and
Wall
Stereotype
rations
and
the
expense
of
folks
on
Main
Street.
Gerald
refutes
The
Big
Lie,
the
Fed's
new
mantra,
"Deflation
is
Bad,"
which
implies
that
if
prices
go
down,
the
all
important
consumer
demand
will
plunge,
crushing
the
economy.
Gerald
says
the
PTB
are
hiding
the
true
economic
numbers,
masking
the
real-world
economic
depression,
as
evidenced
by
half
of
school
children
living
at
or
near
poverty
level
conditions
and
almost
50
million
food
stamp
card
recipients.
Steve
Forbes
encapsulates
the
necessity
for
a
sound,
stable
US
dollar.
The
only
viable
alternative
is
gold
backed
money.
The
current
monetary
system
is
a
sham,
fiat
money
has
no
value,
merely
a
means
to
facilitate
wealth
accumulation.
Conversely,
gold
and
silver
are
the
only
de
facto
money.
He
cites
the
exponential
rise
of
prosperity
in
the
US
under
the
gold
standard
and
the
subsequent
erosion
of
influence
under
the
current
fiat
experiment,
which
resulted
in
an
$8
trillion
dollar
reduction
in
the
national
living
standard.
Nevertheless,
a
gold
backed
dollar
could
be
established
in
less
than
one
year
-
please
listen
to
the
show
for
the
entire
plan.
"When
people
stop
trusting
their
money,
they
stop
trusting
each
other."
The
profound
notion
is
illustrated
by
the
undermining
of
the
social
fabric
within
domestic
/
global
society.
Media
mogul
/
economist,
Steve
Forbes
encapsulates
the
need
for
a
sound,
stable
currency
with
the
apt
comment,"Imagine
if
the
number
of
minutes
in
each
hour,
changed
day
by
day?"
In
similar
fashion,
dollars
continue
to
flood
the
economy
despite
the
need
to
maintain
a
stable
currency-level
to
encourage
sustainable
growth.
Otherwise,
the
working
and
middle
classes
as
well
as
retiree's
suffer
diminishing
purchasing
power
and
economic
despondency.
The
only
viable
alternative
is
gold
backed
money,
the
panacea
that
has
stood
the
test
of
centuries
/
millennia.
The
current
monetary
system
is
a
sham,
based
not
on
the
essential,
solid
foundation
of
true
money
but
by
paper
promises
-
merely
a
means
to
facilitate
wealth
accumulation.
Conversely,
gold
and
silver
are
the
only
real,
de
facto
money
-
no
further
mechanisms
are
required
for
the
holder
to
maintain
wealth.
He
presents
ample
supporting
evidence
of
the
the
thesis,
citing
the
exponential
rise
of
prosperity
in
the
US
under
the
gold
standard,
subsequently
followed
by
the
erosion
of
influence
under
the
current
fiat
based
system.
The
net
result:
an
$8
trillion
dollar
reduction
in
the
national
output
/
living
standard.
Nevertheless,
a
gold
backed
dollar
could
be
established
in
an
economic
blink
of
an
eye,
requiring
less
than
one
year
under
his
plan.
Steve
Forbes
notes
further,
"When
people
stop
trusting
their
money,
they
stop
trusting
each
other."
The
profound
notion
is
beginning
to
appear
in
every
corner
of
the
domestic
/
global
economy.
.
Jim
Rogers
&
Chris
Waltzek
-
January
27,
2015.
Powered
by
Podbean.com
To
download
this
show
in
Mp3
format,
please
click
here.
Summary:
Jim
Rogers
wrote
of
the
Swiss
currency
swoon
2
years
in
advance
The
financial
legend
warns
that
central
bankers
are
ill
prepared
to
manage
the
highly
complex
markets
Printing
mountains
of
currency
merely
increases
the
debt
burden
to
current
/
future
generations.
Even
gold
bears
require
gold
and
silver
portfolio
insurance
amid
increasing
market
volatility.
Jim
Rogers
recently
added
gold
mining
companies
to
his
portfolio.
The
crude
oil
implosion
may
be
presenting
a
investment
opportunity
The
super-investor
is
also
watching
Russia,
China,
Japan
and
the
agricultural
sector
for
investment
opportunities.
Jim
Rogers
wrote
of
the
Swiss
currency
swoon
2
years
in
advance,
in
his
bestseller
Street
Smarts.
The
financial
legend
warns
that
central
bankers
are
ill
prepared
to
manage
the
highly
complex
markets,
despite
their
impressive
credentials.
Printing
mountains
of
currency
merely
increases
the
debt
burden
to
current
/
future
generations
-
the
short-term
expansion
comes
at
the
expense
of
a
long-term
contraction.
Economic
history
reveals
the
most
productive
way
to
cope
with
excessive
debt
-
allow
overextended
institutions
to
file
for
bankruptcy,
clearing
the
system,
resetting
the
economy,
encouraging
and
facilitating
the
next
decade
of
economic
expansion.
Even
gold
bears
require
gold
and
silver
portfolio
insurance
as
a
safe
haven
amid
increasing
market
volatility.
Jim
Rogers
recently
expanded
his
portfolio
via
an
investment
in
gold
mining
companies.
The
crude
oil
implosion
may
be
presenting
a
investment
opportunity
(when
price
eventually
finds
a
floor)
given
robust
global
energy
demand.
The
super-investor
is
also
watching
Russia,
China,
Japan
and
the
agricultural
sector
for
investment
opportunities.
.
Dr.
Chris
Martenson
&
Chris
Waltzek
-
January
22,
2015.
Economic
manipulation
schemes
will
come
to
an
abrupt
halt
in
2015-2016,
Dr.
Martenson
amid
peak
central
bank
credibility.
Trillions
of
unregulated,
interest-rate
sensitive
derivatives
are
threatening
to
topple
the
global
economy;
Over
$250
trillion
of
CDS
sit
on
the
top
5
US
bank's
balance
sheets.
Crashing
energy
prices
will
improve
gold
/
silver
mining
operations.
The
long-term
outlook
for
physical
metals
remains
solid.
The
Dr.
is
convinced
that
a
major
global
conflict
will
disrupt
markets
Dr.
Martenson
from
PeakProsperity.com
says
price
forecasting
has
been
compromised
by
market
intervention.
Nevertheless,
manipulation
schemes
will
come
to
an
abrupt
halt
in
2015-2016;
he's
coined
a
new
phrase
to
describe
the
event:
peak
central
bank
credibility,
which
will
mark
the
zenith
of
totalitarian
control
and
a
new
beginning
of
personal
freedom.
Trillions
of
unregulated,
interest-rate
sensitive
derivatives
are
threatening
to
topple
the
global
economy;
over
$250
trillion
of
CDS
sit
on
the
top
5
US
bank's
balance
sheets.
Crashing
energy
prices
will
continue
to
improve
gold
/
silver
mining
operations
and
ore
deposits
are
dwindling,
making
the
long-term
outlook
for
physical
metals
solid.
The
Dr.
Is
convinced
that
a
major
global
conflict
will
disrupt
markets,
sooner
than
most
pundits
acknowledge.
Chris
Powell
uncovers
conspiracy
facts
regarding
manipulation
of
the
global
financial
system.
Price
discovery
has
been
compromised,
jeopardizing
the
foundations
of
the
global
edifice.
Gold
market
manipulation
has
occurred
for
over
a
100
years.
The
endgame
could
be
financial
repression
such
as
rationing,
capital
controls
and
highly
repressive
policies.
Much
of
the
PBoC's
$4
trillion
is
being
covertly
directed
into
the
gold
market,
in
preparation
for
a
global
currency
revaluation.
Paper
gold
exceeds
physical
metal
by
as
much
as
100:1;
as
the
world
populace
grasps
the
implications
the
imbalance,
the
price
of
real
money
will
advance
exponentially.
Chris
Powell
of
The
Gold
Antitrust
Action
Committee
(GATA)
cites
the
latest
news
in
global
gold
repatriation
-
in
particular,
one
key
European
central
bank
recede
about
17
times
more
gold
from
the
US
in
2014
than
in
2013
(Bundesbank:
85
tons
in
2014
vs.
5
tons
in
2013).
The
guest
uncovers
conspiracy
facts
regarding
manipulation
of
the
global
financial
system
such
as
how
price
discovery
has
been
compromised,
jeopardizing
the
foundations
of
the
global
edifice.
Gold
market
manipulation
has
occurred
for
over
a
100
years,
as
evidenced
by
the
gold
scandal
of
Gould,
Fisk
and
Grant
in
the
late
1800's
-
today
operations
are
far
more
pervasive
given
virtually
unlimited
leverage,
complex
financial
derivatives
and
lax
legislation.
The
endgame
is
more
financial
repression
such
as
rationing,
capital
controls
and
highly
regressive
policies.
Much
of
the
PBoC's
$4
trillion
Reserves
are
being
covertly
directed
into
the
gold
market,
in
preparation
for
a
global
currency
revaluation.
Paper
gold
exceeds
the
physical
metal
by
as
much
as
100:1;
as
the
world
populace
grasps
the
implications
of
the
imbalance,
the
price
of
real
money
will
advance
exponentially.
For
15
years
GATA.org
has
tirelessly
served
the
precious
metal's
community
-
please
support
their
efforts
-
donations
are
tax
deductible
and
appreciated.
Crude
oil
is
nearing
a
key
nadir
that
could
lift
price
to
$70
per
barrel.
Recession
proof
sectors
include
pharmaceuticals
and
food
suppliers.
Their
2015
gold
target
is
$1,450,
representing
a
20%
rally.
The
long-range
forecast
for
precious
metals:
a
return
to
previous
record
levels.
Nenner
Research
expects
bonds
to
outperform
equities,
particularly
after
April
when
the
equities
cycle
turns
lower
followed
by
bonds,
leaving
few
safe
havens
for
investors.
Their
cycles
research
called
the
top
in
WTIC
and
now
suggests
that
crude
oil
is
nearing
a
key
nadir
that
could
lift
price
per
barrel
to
their
first
target
$70
and
perhaps
as
high
as
$120.
However
a
few
US
equities
sectors
could
be
shielding
from
market
volatility,
such
as
recession
proof
pharmaceuticals
and
food
suppliers.
Their
2015
gold
target
is
$1,450,
representing
nearly
a
20%
rally
as
the
dollar
cycle
rolls
over
-
punctuated
with
bouts
of
deflation.
The
long-range
forecast
for
precious
metals
includes
a
return
to
former
bull
market
record
levels.
Robert
Kiyosaki
is
buying
gold
and
silver
at
discounted
prices.
The
crude
oil
market-meltdown
has
the
super
investor
on
edge
-
he's
bracing
for
a
LTCM
style
moment
in
the
new
year.
A
self-described
bear,
the
Rich
Dad
has
no
stock
market
investments.
He
remains
a
staunch
believer
in
hard
assets,
rejecting
frivolous
assets,
which
carry
little
more
value
than
their
paper
content.
The
author
of
the
best
selling
Rich
Dad
book
series
outlines
his
expectations
for
2015
-
he's
buying
gold
and
silver
at
discounted
prices.
The
crude
oil
market-meltdown
has
the
super
investor
on
edge
-
he's
bracing
for
a
LTCM
style
moment
in
the
new
year.
A
self-described
bear,
the
Rich
Dad
has
no
stock
market
investments
-
stocks
were
a
bargain
in
2009,
not
2015.
He
remains
a
staunch
believer
in
hard
assets,
which
have
intrinsic
value.
Professor
Burton
Malkiel,
Ph.D.
&
Chris
Waltzek
-
January
8,
2015.
US
stocks
are
overvalued
according
to
the
historical
average
(17)
of
the
CAPE
index;
the
current
reading
of
27
is
comparable
to
the
market
zeniths
of
1929
and
2008.
CAPE
levels
of
emerging
market
shares
are
half
as
high
as
US
equities,
presenting
an
ideal
value
opportunity
for
portfolio
diversification.
Although
rates
could
climb
in
the
years
ahead,
Fed
officials
are
unlikely
to
make
abrupt
changes
in
the
benchmark
lending
rate.
Dr.
Burton
Malkiel,
author
of
the
investing
classic,
A
Random
Walk
Down
Wall
Street
identified
by
Forbes.com
as
an
investment
classic,
discusses
his
most
recent
Wall
Street
Journal
article
on
US
equities.
The
CAPE
index
historical
average
is
17
(current
reading:
27
comparable
to
1929
and
2008)
indicating
that
stocks
are
overvalued.
While
the
CAPE
is
not
a
timing
indicator,
it
suggests
that
stock
returns
will
return
substantially
lower
than
double
digits
over
the
next
ten
years.
Artificially
low
rates
forced
seizable
investment
flows
away
from
bonds
into
shares,
resulting
with
bubble
conditions.
Although
rates
could
climb
in
the
years
ahead,
don't
expect
the
Fed
to
make
abrupt
changes
in
the
benchmark
lending
rate.
Nevertheless,
the
Dr.
offers
a
panacea;
emerging
market
stocks
have
CAPE
levels
of
about
half
that
of
their
US
rivals,
presenting
relative
value
for
portfolio
diversification.
So,
despite
the
perceived
increase
in
risk
from
emerging
markets,
the
additional
risk
offsets
domestic
stocks,
adding
value
to
portfolios.
Most
bond
funds
holdings
include
2/3's
in
federal
bonds,
which
pay
abysmal
yields
relative
to
competing
tax-exempt
municipal
securities.
The
Silver
Investor
and
host
discuss
how
gold
priced
in
Rubles
skyrocketed
100%
in
a
few
weeks
with
virtually
no
warning.
A
similar
event
is
imminent
in
dollars,
which
could
elevate
gold
above
$2,400
in
short
order.
Technical
indicators
suggest
a
correction
in
US
share
prices
is
likely.
Decreased
oil
expenses
make
precious
metals
shares
an
appealing
portfolio
addition
in
2015.
.
The
Silver
Investor
and
host
discuss
how
the
Shanghai
silver
exchange
traded
significantly
more
silver
than
the
much
larger
Comex
exchange,
further
indication
of
the
flow
of
PMs
from
the
West
to
the
East,
and
an
end
to
Western
price
domination.
Gold
priced
in
Rubles
skyrocketed
100%
in
a
few
weeks
with
virtually
no
warning;
a
similar
event
is
imminent
in
dollars,
which
could
elevate
gold
above
$2,400
in
short
order,
leaving
shorts
and
nervous
investors
without
access
to
the
precious
metals,
portfolio
insurance-policy.
David
Morgan
suggests
that
every
investor
must
reduce
debt
levels
while
increasing
savings.
Central
bank
profligacy
worldwide
is
the
catalyst
behind
the
housing
/
economic
recovery,
as
mountains
of
interest
free
dollars
are
directed
to
underpriced
foreclosures.
But
eventfully
the
music
will
stop,
making
housing
much
more
affordable,
in
line
with
historical
patterns.
The
discussion
includes
Mike
Maloney's
prediction
of
large
scale
deflation
before
global
hyperinflation,
already
unfolding
to
a
degree
in
the
crude
oil
market.
US
stocks
are
overvalued
and
insider
selling
is
intense;
technical
indicators
suggest
a
large
correction
is
likely.
Decreased
oil
expenses
make
precious
metals
shares
appealing
portfolio
additions
in
2015.
Harry
S.
Dent
Jr.
&
Chris
Waltzek
-
January
1,
2015.
Stocks
have
entered
bubble
territory,
setting
the
stage
for
Credit
Crisis
part
II.
Although
the
Dow
Jones
Industrials
could
gain
another
2,000
points,
20,000
could
be
the
bull
market
zenith,
leading
to
a
precarious
selloff.
The
next
global
financial
bubble
implosion
could
be
the
end
of
all
bubbles
with
the
exception
of
hard
cash.
As
massive
global
deleveraging
unfolds,
trillions
of
dollars
in
debt
will
evaporate
leaving
only
short-term
government
bonds
and
to
some
degree,
physical
gold.
The
Fed
won't
raise
rates
this
year.
Plunging
crude
oil
prices
may
have
considerably
further
to
fall
making
the
energy
sector
a
less
attractive
investment.
The
economic
carnage
could
benefit
most
Americans
/
global
inhabitants,
as
deflation
will
vastly
reduce
house
prices.
Economist
and
best-selling
author
Harry
S.
Dent
Jr.,
says
the
stock
market
has
entered
bubble
territory,
setting
the
stage
for
Credit
Crisis
part
II.
Although
the
Dow
Jones
Industrials
could
gain
another
2,000
points,
thanks
to
global
central
bank
money
printing,
20,000
could
be
the
bull
market
zenith,
leading
to
a
precarious
selloff.
The
next
global
financial
bubble
implosion
could
be
the
end
of
all
bubbles
with
the
exception
of
hard
cash.
As
massive
global
deleveraging
unfolds,
trillions
of
dollars
in
debt
will
evaporate
sending
virtually
every
asset
class
into
oblivion,
with
no
where
to
hide
but
in
short-term
government
bonds
and
to
some
degree,
physical
gold.
The
Fed
won't
raise
rates
this
year,
due
to
increasingly
sluggish
economic
conditions
as
well
as
plunging
crude
oil
prices,
which
may
have
considerably
further
to
fall
making
the
energy
sector
a
less
attractive
investment.
Nevertheless,
the
chaos
could
benefit
most
Americans
/
global
inhabitants,
as
deflation
will
vastly
reduce
house
prices,
making
home
ownership
a
more
viable
solution
to
overly
expensive
housing
alternatives.
2014
Archive
John
Embry
&
Chris
Waltzek
-
December
31,
2014.
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in
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Summary:
John
Embry,
Chief
Investment
Strategist
at
Sprott
Asset
Management,
views
the
mainline
mantra
of
economic
recovery
in
a
dim
light.
The
new
Sprott
Gold
Miners
ETF
(SGDM)
has
eclipsed
over
$100
million
in
assets,
earning
the
coveted
title
of
the
most
successful
ETF
of
2014.
The
gold,
Ruble
ratio
(see
Figure
1.1)
illustrates
how
the
yellow
metal
exploded
over
100%
within
weeks,
shielding
holders
from
the
currency
implosion.
Since
2000,
the
Ruble
currency
has
collapsed
by
nearly
95%
compared
to
gold,
garnering
windfall
profits
for
gold
investors.
The
recent
plunge
in
crude
oil
price
may
be
a
blessing
in
disguise
for
PMs
mining
companies,
lowering
energy
related
expenses
and
significantly
boosting
overall
profitability.
.
While
the
Dow
Jones
Industrials
crossed
the
18,000
point
for
the
first
time
in
history,
John
Embry,
Chief
Investment
Strategist
at
Sprott
Asset
Management,
views
the
mainline
mantra
of
economic
recovery
in
a
dim
light,
instead
officials
are
manipulating
markets
and
eliminating
price
discovery
and
free
markets.
Russian
investors
recently
and
abruptly
learned
the
true
value
of
gold,
when
their
currency
collapsed
seemingly
overnight.
Under
the
guidance
of
top
analysts,
the
new
Sprott
Gold
Miners
ETF
(SGDM)
has
eclipsed
over
$100
million
in
assets,
earning
the
coveted
title
of
the
most
successful
ETF
of
2014.
The
gold,
Ruble
ratio
(see
Figure
1.1)
illustrates
how
the
yellow
metal
exploded
over
100%
within
weeks,
shielding
holders
from
the
currency
implosion.
In
similar
fashion,
John
Embry
agrees
that
US,
Canadian
and
global
investors
must
learn
from
the
event,
adding
discounted
precious
metals
assets
to
their
portfolios
as
insurance
against
further
currency
contagion.
Since
2000,
the
Ruble
currency
has
collapsed
by
nearly
95%
compared
to
gold,
garnering
windfall
profits
for
gold
investors.
The
recent
plunge
in
crude
oil
price
may
be
a
blessing
in
disguise
for
PMs
mining
companies,
lowering
energy
related
expenses
and
significantly
boosting
overall
profitability.
Peter
Schiff
and
the
host
decipher
the
Fed
speak
from
the
latest
FOMC
meeting
statement
on
Wednesday
in
real-time.
Dovish
comments
indicate
that
the
anticipated
rate
hike
will
be
postponed
for
the
time
being.
Expect
increased
global
financial-market
volatility,
resulting
from
the
Fed's
attempt
to
shrink
the
money
supply
via
the
end
of
QE.
The
Fed's
balance
sheet
is
approaching
$5
trillion
dollars
(see
and
climbing,
(see
Cleveland
Fed
graph).
With
global
currency
chaos
stemming
from
the
crude
oil
plunge,
millions
of
investors
could
miss
the
next
gold
bull
market.
All
that's
required
is
a
few
billion
dollars
to
corner
the
Comex
PMs
market;
a
fraction
of
just
one
of
the
thirty
Dow
Jones
Industrials.
Vladimir
Putin
could
single
handedly
corner
the
market,
sending
prices
sky
high.
A
$600
gold
premium
is
required
to
purchase
in
large
tonnage
in
Asia;
there's
simply
not
enough
supply
to
meet
large
order
demand.
From
his
vacation
home
in
Puerto
Rico,
the
head
of
SchiffGold,
Euro
Pacific
Capital;
Euro
Pacific
Gold
Fund
(EPGFX),
and
the
host
discuss
the
latest
FOMC
meeting
statement
on
Wednesday
in
real-time.
Dovish
comments
indicate
that
the
anticipated
rate
hike
will
be
postponed
for
the
time
being.
The
guest
notes
the
increased
global
financial-market
volatility,
resulting
from
the
Fed's
attempt
to
shrink
the
money
supply
via
the
end
of
QE
operations.
The
Fed's
balance
sheet
is
approaching
$5
trillion
dollars
(see
Cleveland
Fed
graph)
and
climbing,
an
minibus
mountain
of
unpayable
debt.
With
global
currency
chaos
stemming
from
the
crude
oil
plunge,
millions
of
investors
could
miss
the
next
gold
bull
market,
as
uninitiated
traders
are
caught
in
the
headlights
by
abnormally
high
price
advances.
All
that's
required
is
a
few
billion
dollars
to
corner
the
Comex
PMs
market;
a
fraction
of
just
one
of
the
thirty
Dow
Jones
Industrials
components.
Peter
says
Vladimir
Putin
could
single
handedly
corner
the
market,
sending
prices
sky
high.
According
to
Rob
Kirby,
a
$600
gold
premium
is
required
to
purchase
in
large
tonnage
in
Asia;
there's
simply
not
enough
supply
to
meet
large
order
demand.
Fabian
Calvo
&
Chris
Waltzek
-
December
17,
2014.
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this
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Summary:
Nothing
has
changed
since
the
last
credit
crisis,
an
economic
reset
is
inevitable.
Financial
institutions
are
following
the
same
steps
-
the
complex
system
remains
unstable;
anticipate
a
tipping
point
in
2015-2016.
The
national
debt
is
$230
trillion,
15
times
the
annual
GDP.
There's
nothing
left
in
government
vaults,
the
gold
has
been
leased.
The
seventh
reserve
currency
is
doomed,
following
the
path
of
the
last
6.
The
next
real
estate
implosion
will
present
McMansion
opportunities
for
pennies
on
the
dollar.
Fabian
Calvo
from
the
NoteHouse.us,
a
$100
million
portfolio
of
distressed
properties
says
nothing
has
changed
since
the
last
credit
crisis,
financial
institutions
are
following
the
same
steps
and
the
complex
system
remains
unstable
just
waiting
for
a
tipping
point
-
ultimately
an
economic
reset
is
inevitable.
As
professor
Laurence
Kotlikoff's
work
shows,
the
national
debt
is
$230
trillion,
15
times
the
annual
GDP
(everything
produced
by
each
person
and
company
in
the
US).
If
there's
so
much
gold
at
Fort
Knox,
then
why
is
there
no
external
accounting
or
auditing?
The
guest
says
there's
nothing
left
in
government
vaults,
the
gold
has
been
leased
and
swapped.
History
reveals
that
a
global-reserve,
currency
bubble
has
imploded
at
least
6
times
in
history,
due
to
government
profligacy
and
debasement
-
the
seventh
reserve
currency
is
also
doomed.
Although
2015
is
shaping
up
to
be
another
great
year
for
stock
and
real
estate
investors,
the
wise
money
has
one
eye
on
the
exit
doors.
The
next
real
estate
implosion
will
present
McMansion
opportunities
for
pennies
on
the
dollar.
.
Peter
Eliades
&
Chris
Waltzek
-
December
12,
2012.
Fixed
income
investors
have
been
forced
to
chase
dividend
yield.
The
entire
scenario
will
end
similarly
to
the
year
200
meltdown.
Investor
sentiment
is
bearish
from
a
contrarian
perspective.
Protective
sell
stops
are
advisable
for
every
portfolio.
The
Dow
Jones
Industrials
could
mirror
the
1929-1932
deluge.
Gold
and
silver
producers
are
extremely
oversold.
Peter
Eliades
of
Stockmarket
Cycles,
is
concerned
by
the
equities
bubble,
his
work
suggests
that
stocks
are
overvalued.
He
favors
dividend
yield
over
the
less
reliable
P/E
ratio,
noting
how
fixed
income
investors
have
been
forced
by
artificially
low
rates
to
chase
dividend
yield.
The
entire
scenario
will
end
poorly,
as
investors
learn
once
again
the
tendency
for
financial
history
to
rhyme,
in
similar
fashion
to
the
year
200
meltdown.
Investor
sentiment
has
reached
frothy
levels;
a
bearish
indication
from
a
contrarian
perspective,
making
prudent,
protective
sell
stops.
Our
guest
expects
a
plunge
in
the
Dow
Jones
Industrials
of
nearly
90%,
mirroring
the
1929-1932
deluge,
which
preceded
the
Great
Depression.
Shares
of
gold
and
silver
producers
are
extremely
oversold.
.
John
Williams
&
Chris
Waltzek
-
December
11,
2014.
The
dollar
rally
will
fade,
leading
to
the
next
financial
crisis.
Actual
domestic
GDP
was
stagnant
in
the
third
quarter.
The
world
is
in
a
recession
and
the
US
economy,
albeit
one
the
strongest
economies,
is
nevertheless
stagnant.
Once
the
false
rally
loses
steam,
the
Greenback
will
drop
abruptly,
resulting
in
panic
selling
and
hyperinflation.
While
the
major
media
outlets
brace
investors
for
inevitable
Fed
rate
hikes
in
2015,
the
Fed
may
not
raise
rates.
Expect
a
2008
credit
crisis
part
deux,
but
this
time
the
Fed's
arsenal
is
devoid
of
the
required
ammunition
to
prevent
total
economic
collapse.
Gold
could
climb
first
to
$5,000
and
eventually
as
high
as
$100,000+
per
ounce
when
compared
to
paper
assets
making
precious
metals
the
ideal
economic
survival
asset
class
(Note:
this
forecast
is
founded
on
the
highly
speculative
premise
of
a
worthless
US
dollar).
.
The
top
alternative
economist
from
ShadowStats.com,
examines
his
hyperinflation
thesis
in
light
of
the
recent
explosive
dollar
advance,
which
appears
to
be
little
more
than
an
fata
morgana.
The
actual
GDP
as
measured
by
corporate
revenues
of
the
S&P
500
firms,
when
properly
adjusted
for
inflation
was
stagnant
in
the
third
quarter.
In
fact,
when
inflation
is
appropriately
accounted,
the
world
is
in
a
recession
and
the
US,
albeit
one
the
strongest
economies,
is
nevertheless
stagnant.
Once
the
false
rally
loses
steam,
the
Greenback
will
drop
abruptly,
resulting
in
panic
selling
and
hyperinflation.
While
the
major
media
outlets
brace
investors
for
inevitable
Fed
rate
hikes
in
2015,
the
Fed
not
raise
rates
and
instead
capitulate
with
new
QE
operations
to
provide
liquidity
to
the
banking
system.
Expect
a
2008
credit
crisis
part
deux,
but
this
time
the
Fed's
arsenal
is
devoid
of
the
required
ammunition
to
prevent
total
economic
collapse
resulting
enormous
prices:
gold
could
climb
first
to
$5,000
and
eventually
as
high
as
$100,000+
per
ounce
when
compared
to
paper
assets
making
the
precious
metals
the
ideal
economic
survival
asset
class.
Changes
in
global
capital
flows
are
driving
funds
into
US
equities
/
dollar
pushing
the
commodities
/
energy
sectors
lower.
Nevertheless,
a
potential
crude
oil
bottom
forming.
Several
Futures
contract
buying
/
selling
opportunities
are
presented.
Possible
turning
point
for
the
entire
stock
market.
The
guest
expects
the
US
dollar
to
top,
turning
currency
flows
in
favor
of
the
precious
metals
sector.
The
XAU
is
showing
signs
of
a
bottom
amid
plummeting
energy
prices,
which
could
lead
to
a
new
bull
market
for
gold
equities
in
the
coming
weeks
/
months.
Senior
Investment
strategist
at
Institutional
Advisors,
Bob
Hoye
returns
with
his
impressive
wealth
of
knowledge
on
market
history,
applying
wisdom
to
current
market
conditions.
Bob
Hoye
and
the
host
discuss
Martin
Armstrong's
research
(subject
of
new
documentary:
The
Forecaster)
in
particular
how
changes
in
global
capital
flows
in
Japan
and
the
EU
are
driving
funds
into
US
equities
/
dollar,
pushing
the
commodities
/
energy
sectors
lower.
The
guest
expects
the
US
dollar
to
top,
turning
currency
flows
in
favor
of
the
precious
metals
sector
-
the
XAU
is
showing
signs
of
a
bottom
now
that
energy
costs
are
so
low,
which
could
lead
to
a
new
bull
market
for
gold
equities
in
the
coming
weeks
/
months.
In
2009
Apple
shares
(APPL)
were
trading
at
$11,
now
over
10
times
higher,
Bob
Hoye
comments
on
a
possible
turning
point
a
potential
bellwether
for
the
entire
stock
market.
Harry
S.
Dent
Jr.
&
Chris
Waltzek
-
December
2,
2014.
Now
that
India
abolished
the
80/20
gold
import
rule,
which
required
20%
of
imports
to
be
exported
as
jewelry,
and
the
Netherlands
secretly
repatriated
150
tons
of
gold
from
NY
Fed
vaults,
demand
is
likely
to
soar.
The
guest
expects
a
broadbased
economic
collapse
to
impact
the
global
economy
in
2-5
years
as
trillions
of
dollars
in
debt
deleverages
in
a
massive
deflationary
implosion
ending
in
a
global
coma
economy.
Although
the
trend
in
commodities
is
weak,
on
a
relative
basis,
every
portfolio
can
benefit
from
adding
discounted
gold,
silver,
and
related
equities,
particularly
from
a
valuation
standpoint.
When
the
dust
finally
settles,
the
guest
plans
to
purchase
commodities
and
stock
shares
in
emerging
countries
and
the
BRICS,
due
to
a
sea
change
in
favorable
demographics.
.
Economist
and
best-selling
author
Harry
S.
Dent
Jr.,
sees
shifting
economic
conditions
to
a
more
deflationary
environment
amid
a
retiring
Baby
Boom
-
Bust.
Now
that
the
EU
and
Japan
are
following
the
Fed's
playbook,
dropping
rates
and
printing
currency,
the
dollar
is
gaining
popularity,
yet
another
financial
bubble.
Now
that
India
abolished
the
80
/
20
gold
import
rule,
which
requited
20%
of
imports
to
be
exported
as
jewelry,
and
the
Netherlands
secretly
repatriated
150
tons
of
gold
from
NY
Fed
vaults,
demand
is
likely
to
soar.
Mr.
Dent
expects
a
broadbased
economic
collapse
to
impact
the
global
economy
in
2-5
years
as
trillions
of
dollars
in
debt
deleverages
in
a
massive
deflationary
implosion
ending
in
a
coma
economy.
When
the
dust
finally
settles,
Harry
S.
Dent
plans
to
purchase
commodities
and
stock
shares
in
emerging
countries
and
the
BRICS,
amid
shifting
economic
demographics.
Although
the
trend
in
commodities
is
weak,
on
a
relative
basis,
every
portfolio
can
benefit
from
adding
discounted
gold,
silver,
and
related
equities,
particularly
from
a
valuation
standpoint.
.
Louis
Navellier
&
Chris
Waltzek
-
November
28,
2014.
Louis
Navellier
thinks
negative
yields
in
Europe
presents
cheap
cash
for
US
companies
to
buyback
their
own
shares,
reducing
stock
float
and
increasing
demand.
The
housing
sector
is
following
the
equities
market's
lead,
blasting
to
new
highs
and
headed
higher.
Lower
gasoline
prices
at
the
pumps
is
a
big
plus
for
GDP
and
equities,
lowering
expenses
and
encouraging
consumer
spending.
High
tech
stocks
are
roaring
higher;
NXP
Semiconductor
(NXPI)
is
a
supplier
to
Apple
Computer,
expected
to
benefit
from
record
iPhone
sales.
Expect
another
solid
equities
market
in
2015
if
rates
stay
low
as
money
managers
and
corporate
treasurers
purchase
shares
via
buybacks,
shrinking
supply
and
increasing
demand.
The
host
outlines
a
recent
Alpha
Stock
Newsletter
candidate
that
soared
on
Friday
with
buyback
news,
one
day
after
posting:
(KMB).
.
Louis
Navellier
manages
over
$8
billion
in
bonds
and
equities;
he
recently
turned
bullish
on
the
precious
metals,
adding
Navellier
Gold.
He's
stunned
by
stronger
than
expected
corporate
earnings,
due
in
part
to
the
solid
dollar
pushing
costs
down,
domestically.
In
addition,
negative
yields
in
Europe
presents
cheap
cash
for
US
companies
to
buyback
their
own
shares,
reducing
stock
float
and
increasing
demand.
The
housing
sector
is
following
the
equities
market's
lead,
blasting
to
new
highs
and
headed
higher.
Lower
gasoline
prices
at
the
pumps
is
also
a
big
plus
for
GDP
and
equities,
lowering
expenses
and
encouraging
consumer
spending.
Lower
rates
in
China
is
encouraging
trade,
to
the
benefit
of
every
participating
nation.
High
tech
stocks
are
roaring
higher;
NXP
Semiconductor
(NXPI)
is
a
supplier
to
Apple
Computer,
expected
to
benefit
from
record
iPhone
sales.
Expect
another
solid
equities
market
in
2015
if
rates
stay
low
as
money
managers
and
corporate
treasurers
purchase
shares
via
buy
backs,
shrinking
supply
and
increasing
demand.
The
host
outlines
a
recent
Alpha
Stock
Newsletter
candidate
that
soared
on
buyback
news,
one
day
after
posting:
(KMB).
Gold
is
more
backward
dated
than
at
any
time
in
decades,
indicating
extreme
tightness
in
supply,
making
a
forceful
advance
imminent.
The
gold
source
of
last
resort
is
central
bank
vaults,
which
continue
to
shift
stockpiles
from
the
West
to
the
East,
along
with
economic
strength.
Ukraine's
gold
reserves
may
have
been
targeted
by
the
PTB,
as
a
temporary
fix
to
lessen
tight
gold
market
conditions.
Backwardation
persists,
regardless,
suggesting
that
the
ultimate
day
of
reckoning
for
the
bears
is
nigh.
Key
takeaway:
technical
analysis
suggests
that
the
bottom
is
in
place
and
a
new
bull
market
is
likely,
particularly
if
gold
retakes
$1,240
by
next
month.
.
James
Turk,
from
GoldMoney.com,
co-author
of
the
bestseller,The
Money
Bubble,
outlines
how
gold
is
more
backward
dated
than
at
any
time
in
decades
-
this
occurred
in
1999
and
2008
just
before
explosions
in
price,
indicating
tightness
in
supply,
on
an
epic
scale.
Given
that
demand
outstrips
supply,
the
source
of
last
resort
is
central
bank
vaults,
shifting
stockpiles
from
the
West
to
the
East,
along
with
economic
strength.
Ukraine's
gold
reserves
may
have
been
targeted
by
the
PTB,
as
a
temporary
panacea
for
tight
gold
market
conditions.
Nevertheless,
backwardation
has
subsequently
returned
with
a
vengeance,
suggesting
that
the
ultimate
day
of
reckoning
for
the
bears
is
nigh.
James
Turk's
technical
work
suggests
that
the
bottom
is
in
place
and
a
new
bull
market
is
likely,
particularly
if
gold
retakes
$1,240
next
month.
.
Dr.
Chris
Martenson
&
Chris
Waltzek
-
November
20,
2014.
A
new
term
is
coined,
gold
de-patriation,
where
gold
mysteriously
disappears
e.g.,
Iraq,
Libya
and
Ukraine.
Ukraine's
42
tons
of
sovereign
gold
were
shipped
under
the
cover
of
night
in
unmarked
vehicles
to
the
US
in
a
covert
operation.
Unlike
western
central
banks,
the
BRICS
banks
(Brazil,
Russia,
India,
China
and
South
Africa)
will
hold
gold
stockpiles,
shrinking
global
supply
each
year.
The
ECB
has
promised
to
purchase
1
trillion
Euros
of
toxic
debt
/
loans
to
boost
economic
output.
Chris
Martenson
cites
China's
official
gold
target
of
nearly
9,000
tons,
close
to
three
times
the
current
stockpile
and
within
earshot
of
Fort
Knox.
When
the
world's
strongest
/
largest
economic
leader
says
their
loading
the
boat
with
gold,
investors
should
take
note!
Silver
is
a
favorite
long-term
investment,
a
virtual
surefire
bet
for
every
investor
with
a
long-term
outlook
due
to
industrial
applications.
Chris
Martenson
from
PeakProsperity.com
and
the
host
discuss
the
alarming
new
trend
of
gold
de-patriation.
First
Iraq,
Libya
and
now
Ukraine's
gold
mysteriously
disappeared
during
covert
operations
-
media
sources
confirmed
this
week
that
Ukraine's
42
tons
of
sovereign
gold
were
spirited
away
under
the
cover
of
night
in
unmarked
vehicles
to
the
US.
Unlike
western
central
banks,
the
BRICS
banks
(Brazil,
Russia,
India,
China
and
South
Africa)
will
hold
gold
stockpiles
for
generations
and
resist
the
temptation
to
lease
bullion,
shrinking
global
supply
by
an
enormous
factor
each
year.
The
ECB
and
BOJ
are
following
the
Fed's
QE
footsteps;
the
ECB
has
promised
to
purchase
1
trillion
Euros
of
toxic
debt
/
loans
to
boost
economic
output.
The
announcement
likely
lead
to
the
buy
the
rumor
sell
the
fact
US
dollar
rally
over
the
past
3
months.
Now
that
the
investors
have
discounted
the
rally,
the
precious
metals
could
find
a
price
floor.
Chris
Martenson
cites
China's
official
gold
target
of
nearly
9,000
tons,
close
to
three
times
the
current
stockpile
and
within
earshot
of
Fort
Knox.
When
the
world's
strongest
/
largest
economic
leader
says
their
loading
the
boat
with
gold,
investors
should
take
note!
Silver
is
the
guest's
favorite
investment,
a
virtual
surefire
bet
for
every
investor
with
a
long-term
outlook
due
to
industrial
uses
such
as:
water
filtration,
photovoltaics
(solar
power),
medial
applications,
high-technology
and
strategic
military
applications.
In
addition,
the
silver
price
is
far
below
the
cost
of
production
(similar
to
gold),
the
guest's
favorite
time
to
purchase
inelastic
commodities;
where
the
basic
law
of
supply
and
demand
dictate
a
return
to
the
mean,
potentially
catapulting
the
the
world's
most
useful
precious
metal
to
levels
beyond
the
dreams
of
avarice.
Just
as
the
energy
plunge
of
2008
coincided
with
the
stock
market
plunge,
the
guest
expects
the
recent
swoon
could
lead
to
credit
crisis
2.0,
sometime
in
2015.
The
discussion
includes
functional
medicine,
which
claims
that
inflammation
is
at
the
root
of
all
chronic
illnesses.
By
eliminating
all
refined
sugar
(including
corn
syrup,
cane
juice,
etc.)
adopting
a
vegetarian
lifestyle
filled
with
super
charged
nutrient-dense
foods
(kale,
spinach,
broccoli,
carrots,
beets,
almonds,
walnuts,
etc.)
simple
lifestyle
improvements
can
reverse
virtually
all
disease.
Bill
Murphy
says
the
silver
market
opened
lower
than
the
Comex
market
137
out
of
141
times,
suggestive
of
manipulation.
Former
Federal
Reserve
Chairman
noted
at
a
recent
meeting
that
gold
is
the
only
sound
money
and
a
wise
investment.
Key
Takeaway:
Overly
tight
supply
conditions
suggest
a
bottom
is
near.
Once
the
PTB
lose
control,
the
market
meltdown
will
likely
reverse
into
a
price
melt-up.
The
XAU
is
nearing
fire
sale
prices,
12
year
lows,
presenting
a
rare
opportunity
to
diversify
portfolios
with
low
beta
stocks.
Many
gold
/
silver
miners
will
shine
as
brightly
as
high
tech.
companies
circa
the
1990's
internet
boom.
Bill
Murphy
from
GATA.org
says
something
is
rotten
in
the
state
of
Denmark
-
the
after
hours
silver
market
opened
lower
than
the
Comex
market
137
out
of
141
times,
suggestive
of
manipulation.
Former
Federal
Reserve
Chairman
noted
at
a
recent
meeting
that
gold
is
the
only
sound
money
and
a
wise
investment
-
Bill
Murphy
shares
anecdotes
on
the
conference.
The
discussion
includes
gold
backwardation,
the
deepest
in
history
indicating
overly
tight
supply
conditions
(James
Turk,
2014)
-
Bill
Murphy
agrees
that
this
is
a
sign
of
a
market
bottom.
Once
the
PTB
lose
control,
the
market
meltdown
will
likely
reverse
into
a
price
melt-up.
The
XAU
is
nearing
fire
sale
prices,
12
year
lows,
presenting
a
rare
opportunity
to
diversify
portfolios
with
low
beta
stocks.
Bill
Murphy
is
convinced
that
once
the
physical
market
breaks
free
from
the
bondage
of
paper
control,
the
price
advance
will
defeat
the
cartel
and
many
gold
/
silver
miners
will
shine
as
brightly
as
high
tech.
companies
circa
the
1990's
internet
boom.
Approximately
4,000
paper
/
fiat
currencies
(99.9%)
have
failed
in
human
history
-
the
Greenback
/
Euro
/
Yen
will
follow
suit.
The
average
length
of
a
fiat
currency
is
forty
years;
a
crisis
imminent.
David
Morgan
proposes
a
bi-metallic
standard,
where
a
simple
mathematical
algorithm
would
adjust
the
price
of
real
money.
Following
the
guidelines
outlined
by
Hugo
Salinas
Price,
central
banks
could
sell
10%
of
gold
reserves,
buy
silver
with
the
funds
and
distribute
as
coins
to
the
populace.
Even
Milton
Friedman
admitted
that
silver
is
the
major
monetary
metal
in
history.
The
Silver
Investor
is
republishing
his
book
in
anticipation
of
the
Silver
Summit,
an
in-depth
investigation
into
the
silver
market
and
the
reason
behind
the
currency
crisis.
Approximately
4,000
paper
/
fiat
currencies
(99.9%)
have
failed
in
human
history
-
the
Greenback
/
Euro
/
Yen
will
follow
suit.
The
average
length
of
a
fiat
currency
is
forty
years;
a
crisis
is
imminent.
Century
after
century
the
global
populace
is
lured
into
paper
money
schemes
by
the
elite,
the
only
class
to
prosper
from
the
plan.
There's
nothing
magical
about
a
gold
back
currency,
it
simply
requires
enormous
effort
to
mine
and
refine,
acting
as
a
police
force
to
serve
and
protect
the
working
and
middle
classes
from
the
machinations
of
a
few
elitists.
David
Morgan
proposes
a
bi-metallic
standard,
via
a
simple
mathematical
algorithm
to
adjust
the
price
of
real
money.
Following
the
guidelines
outlined
by
Hugo
Salinas
Price,
central
banks
could
sell
10%
of
gold
reserves,
buy
silver
with
the
funds
and
distribute
as
coins
to
the
populace
-
the
brilliant
concept
was
supported
by
the
officials
/
people,
but
ultimately
derailed
by
banking
interests.
Even
a
father
of
the
monetary
school
of
economics,
Milton
Friedman
(Chicago
school
of
economics)
admitted
that
silver
is
the
major
monetary
metal
in
history.
Bob
Hoye
thinks
widening
credit
spreads
suggests
a
repeat
of
the
2007
credit
contraction
is
imminent,
resulting
in
a
cyclical
top
in
the
stock
market.
Key
Takeaway:
The
Gold
/
Commodity
ratio
bottomed
in
June
and
continues
to
trend
higher,
suggesting
that
precious
metals
miners
will
soon
benefit
from
the
sea
change.
Gold
has
become
so
affordable,
that
some
miners
(source:
Bloomberg
report)
are
finding
profits
as
scarce
as
20
lbs.
gold
nuggets,
making
a
rally
virtually
inevitable.
The
host
offers
a
bond
fund
recommended
by
Zack's
rating
service
with
potential
for
an
impressive
rally
with
nearly
a
9%
coupon
/
dividend
yield.
Russia's
gold
miners
are
suffering
from
recent
sanctions
from
the
West,
their
Central
Bank
is
buying
up
most
of
their
output,
reducing
global
supply
and
increasing
demand.
Bob
and
the
host
remember
fallen
veterans
on
Veteran's
Day
/
Remembrance
day,
discussing
the
significance
of
the
allied
intelligence
efforts
at
Bletchley
Park
as
well
as
on
the
East
Coast,
US.
Senior
Investment
strategist
at
Institutional
Advisors,
Bob
Hoye
returns
with
his
impressive
wealth
of
knowledge
on
market
history,
applying
wisdom
to
current
market
conditions.
Russia's
gold
miners
are
suffering
from
recent
sanctions
from
the
West,
their
Central
Bank
is
buying
up
most
of
their
output,
reducing
global
supply
and
increasing
demand.
Bob
Hoye
says
widening
credit
spreads
indicates
that
expects
a
repeat
of
2007
credit
contraction,
which
could
stop
the
stock
market
rally,
a
cyclical
top.
The
host
offers
a
bond
fund
recommended
by
Zack's
rating
service
with
potential
for
an
impressive
rally
with
nearly
a
9%
coupon
/
dividend
yield.
The
Gold
/
Commodity
ratio
bottomed
in
June
and
continues
to
trend
higher,
suggesting
that
precious
metals
miners
will
soon
benefit
from
the
sea
change.
Gold
has
become
so
affordable,
that
some
miners
(Bloomberg
report)are
finding
profits
as
scarce
as
20
lbs.
Gold
nuggets,
making
a
rally
virtually
inevitable.
Professor
Laurence
Kotlikoff
&
Chris
Waltzek
-
November
7,
2014.
Dr.
Kotlikoff
says
that
every
investor
must
own
precious
metals,
given
that
the
national
debt
is
13
times
bigger
than
the
official
number,
about
$200+
trillion
when
unfunded
liabilities
are
included.
Officials
take
money
from
youth
in
the
form
of
taxes
for
future
benefit,
yet
the
tax
money
won't
be
returned
in
real
dollars,
but
instead
in
deflated
dollars.
Unfortunately,
the
US
may
be
facing
an
economic
fate
as
severe
as
that
of
Detroit.
SOLUTION:
eliminate
corporate
taxes
to
encourage
savings
and
capital
investment.
Otherwise,
the
US
could
enter
an
economic
quagmire
similar
to
that
of
Argentina.
Boston
University
economics
professor
and
author
of
the
new
bestsellerThe
Clash
of
Generations,
author
of
the
Inform
Act
(please
click
to
sign,
supported
by
17
Nobel
Laureates)
Dr.
Kotlikoff
says
that
every
investor
must
own
precious
metals,
given
his
finding
that
the
official
$17.6
trillion
dollar
national
debt
figure
is
laughable,
merely
a
rounding
error
of
the
true
figure.
In
fact,
the
actual
national
debt
is
nearly
13
times
bigger,
$200+
trillion
when
unfunded
liabilities
are
included
-
a
sanctioned
Ponzi
scheme,
where
officials
take
money
from
youth
in
the
form
of
taxes
for
future
benefit.
But
in
reality,
the
tax
money
won't
be
returned
in
real
dollars,
but
instead
in
deflated
dollars
-
amounting
to
little
more
than
highway
robbery.
Unfortunately,
the
US
may
be
facing
an
economic
fate
as
severe
as
that
of
Detroit.
SOLUTION:
eliminate
corporate
taxes,
which
could
encourage
saving.
Otherwise,
the
US
could
enter
an
economic
quagmire
similar
to
that
of
Argentina,
which
ascended
to
economic
preeminence
only
to
decline
to
near
third
world
status.
Dr.
Paul
shares
his
views
on
gold
repatriation,
examining
the
question:
"Is
the
gold
stockpile
at
Fort
Knox
/
West
Point
/
NY
Fed
still
there
and
is
it
unencumbered?"
China
is
home
to
not
only
the
world's
largest
economy
but
unlike
most
of
its
peers
(excluding
Russia),
continues
to
accumulate
gold,
not
lease
it.
Why
didn't
the
Bundesbank
and
it's
people
protest
when
the
Fed
balked
on
returning
their
gold,
just
as
a
new
potential
threat
emerged
in
Ukraine?
Dr.
Paul
examines
alternative
hypotheses
and
concludes
that
global
/
domestic
debt
is
the
true
culprit
threatening
every
global
inhabitant.
As
a
student
of
the
Austrian
school
of
economics,
Dr.
Paul
is
convinced
that
silver
and
gold
are
essential
components
to
every
portfolio,
an
opportunity
to
dollar
cost
average
into
solid
insurance
against
imminent
financial
turmoil.
Dr.
Paul
is
monitoring
the
Ebola
threat
with
a
weary
eye,
suspicious
of
sending
3,000
of
our
honorable
soldiers
into
a
biological
hot-zone.
Dr.
Ron
Paul
of
Campaign
for
Liberty
(Former
Congressman
/
Presidential
candidate)
who
arguably
embodies
the
spirit
of
great
monetary
freedom
fighter,
President
Andrew
Jackson;
shares
his
views
on
gold
repatriation,
examining
the
question:
"Is
the
gold
stockpile
at
Fort
Knox
/
West
Point
/
NY
Fed
unencumbered?"
Dr.
Paul
says
the
Swiss
people
are
voting
on
the
repatriation
of
their
gold
and
a
20%
currency
backing
with
sound
money.
China
is
home
to
not
only
the
world's
largest
economy
but
unlike
most
of
its
peers
(excluding
Russia),
continues
to
accumulate
gold.
Why
didn't
the
Bundesbank
and
it's
people
protest
when
the
Fed
balked
on
returning
their
gold,
just
as
a
new
potential
threat
emerged
in
Ukraine?
Dr.
Paul
examines
alternative
hypotheses
and
concludes
that
global
/
domestic
debt
is
the
true
culprit
threatening
every
global
inhabitant
and
all
crises
are
the
result
of
economically
driven
agendas,
put
in
place
by
our
officials.
As
a
student
of
the
Austrian
school
of
economics,
Dr.
Paul
is
convinced
that
silver
and
gold
are
essential
components
to
every
portfolio;
every
investor
has
an
opportunity
to
dollar
cost
average
into
solid
insurance
against
imminent
financial
turmoil.
Dr.
Paul
is
monitoring
the
Ebola
threat
with
a
weary
eye,
suspicious
of
sending
3,000
of
our
honorable
soldiers
into
a
biological
threat.