Cryptocurrencies
will
soon
revolutionize
voting,
insurance
contracts,
IoT,
banking,
healthcare,
government
contracts,
even
sovereign
currencies.
Still,
martin
Armstrong
cautions
investors
on
the
extreme
volatility
in
the
crypto-space,
noting
that
sheep
could
be
fleeced
by
chasing
sharp
price
advances.
Part
II
of
this
riveting
discussion
with
global
financier,
Martin
Armstrong
ofArmstrong
Economics,
includes
the
script
from
his
next
Hollywood
movie,
covering
his
unique
career
on
Wall
Street.
The
duo
delve
into
cryptocurrencies,
the
most
significant
breakthrough
in
finance
in
at
least
20
years.
While
much
of
the
mainline
pundits
detract
from
the
Bitcoin
phenomenon
labeling
it
a
new
tulip
mania,
dot.com
frenzy,
the
scarcity
/
triple
entry
accounting
/
technological
qualities
and
relative
anonymity
may
surprise
even
the
most
ardent
enthusiast
with
years
of
spectacular
price
advances.
For
instance,
Goldman
Sachs'
Bitcoin
target
recently
increased
to
$4,000.
Just
as
the
VCR
/
DVD
/
DVR
created
entirety
new
entertainment
markets,
cryptocurrencies
will
soon
revolutionize
every
area
of
the
geopolitical
domain
such
as
voting,
insurance
contracts,
IoT,
banking,
healthcare,
government
contracts,
even
sovereign
currencies.
Still,
martin
Armstrong
cautions
investors
on
the
extreme
volatility
in
the
crypto-space,
noting
that
sheep
could
be
fleeced
by
chasing
sharp
price
advances.
Part
I
-
Martin
Armstrong
&
Chris
Waltzek
Ph.D.
-
June
29,
2017.
In
Part
I
of
this
riveting
discussion
with
global
financier,
Martin
Armstrong
ofArmstrong
Economics,
our
guest
discusses
his
two
upcoming
seminars.
The
Frankfurt
conference
is
a
half-day
seminar
that
is
priced
to
reach
both
investors
and
those
who
are
interested
in
learning
about
the
future
of
Europe
as
well
as
the
biannual
World
Economic
Conference
this
November
in
Orlando,
Florida.
The
Forecaster
was
one
of
the
few
pundits
to
correctly
anticipate
the
runaway
bull
market
in
US
equities
-
he
is
calling
for
23,000
Dow
and
if
that
is
eclipsed,
perhaps
a
parabolic
move
as
the
general
public
regains
its
appetite
for
shares
in
the
wake
of
the
2009
crash.
Our
guest
expects
the
European
Central
Bank
(ECB)
to
file
for
bankruptcy
protection,
culminating
with
higher
rates.
Using
his
capital
flow
analysis,
he
presents
contingency
plans
for
investors
to
shield
their
portfolios
from
the
onslaught,
including
the
precious
metals,
which
he
expects
will
chase
US
equities
markets
to
lofty
levels.
The
growing
theme
of
automating
service
jobs
captures
the
attention
of
the
guest,
who
was
recently
was
served
by
a
robot
at
the
highly
automated,
Frankfurt
airport.
In
similar
fashion,
the
top
notch
cryptocurrency
Ethereum
was
recently
used
in
an
IBM
/
Samsung
program
to
help
a
washing
machine,
order
its
own
detergent,
call
and
pay
for
repair
service
and
wash
clothes
when
electricity
charges
are
lowest
-
this
sea
change
event
will
facilitate
the
Internet
of
Things
(IoT),
encourage
artificial
intelligence
and
lead
to
breakthroughs
not
yet
anticipated
by
even
top
notch
SciFi
writers
(figure
1.1).
Figure
1.1.
Ethereum
/
IBM
/
Samsung
Project
Peter
Schiff
&
Chris
Waltzek
Ph.D.
-
June
28,
2017.
Despite
the
coordinated
efforts
of
the
PTB
to
cap
the
price,
gold
has
still
ascended
about
10%
in
2017.
Their
efforts
are
in
vain
as
the
price
of
gold
will
inevitably
reach
its
intrinsic
value,
north
of
$2,000.
The
gold
revival
could
be
abrupt
as
investors
scramble
to
procure
the
metal
at
almost
any
price.
Peter
Schiff
expects
the
nascent
gold
bull
market
hinges
on
a
shift
in
Fed
policy
to
rate
cuts
and
renewed
QE4.
Home
ownership
remains
near
60
year
lows;
the
housing
market
is
approaching
Bubble
2.0
levels.
Commercial
real
estate
is
also
in
jeopardy
due
to
excessive
vacant
space
amid
a
"Retail
Apocalypse."
Peter
Schiff
calls
for
lower
government
oversight
/
regulation
to
reduce
the
burden
of
employment.
US
educators
are
encouraged
to
implement
an
apprenticeship
program.
Peter
Schiff
cautions
investors
to
avoid
paper
gold
contracts
-
gold
bullion
presents
the
best
opportunity
for
wealth
preservation.
The
head
of
SchiffGold,
Euro
Pacific
Capital,
and
Euro
Pacific
Gold
Fund
(EPGFX),
returns
with
muy
grande
sized
news
for
PMs
aficionados.
Despite
the
coordinated
efforts
of
the
PTB
to
cap
the
price,
gold
has
still
ascended
about
10%
in
2017.
But
according
to
our
guest,
their
efforts
are
in
vain
as
the
price
of
gold
will
inevitably
reach
its
true
intrinsic
/
inflation
adjusted
value,
north
of
$2,000
per
ounce.
The
gold
revival
could
be
abrupt
as
investors
scramble
to
procure
the
metal
at
almost
any
price,
leaping
in
fits
and
starts
by
$100
or
more
per
session.
Peter
Schiff
expects
the
nascent
gold
bull
market
hinges
on
a
shift
in
Fed
policy
from
one
of
rate
hikes
to
rate
cuts
and
renewed
QE4.
Meanwhile,
with
home
ownership
near
60
year
lows,
the
housing
market
is
approaching
Bubble
2.0
levels
as
speculators
/
hedge
funds
bid
up
prices
to
artificially
frothy
levels.
Commercial
real
estate
is
also
in
jeopardy
due
to
excessive
vacant
space
amid
a
"Retail
Apocalypse."
While
shopping
online
lowers
overall
costs
to
consumers,
automation
eliminates
solid
jobs,
such
as
$15
per
hour
jobs
at
McDonald's,
which
is
eliminating
25,000
jobs
via
kiosks.
Peter
Schiff
calls
for
lower
government
oversight
/
regulation
to
reduce
the
burden
of
employment,
thereby
improving
overall
income.
US
educators
are
encouraged
to
implement
an
apprenticeship
program
to
improve
the
prospects
of
meaningful
work
after
graduation
from
High
School
and
or
the
University.
Peter
Schiff
cautions
investors
to
avoid
paper
gold
contracts
-
gold
bullion
presents
the
best
opportunity
for
wealth
preservation.
The
host
views
Bitcoin
as
a
gold
rush,
circa
the
1995
Dot.com
days
with
the
next
target
after
a
correction,
$10,000
per
coin.
The
guest
views
the
current
3
fold
increase
in
Bitcoin
as
the
ultimate
top.
An
early
Bitcoin
competitor,
LiteCoin
blasted
higher
overnight,
on
news
that
investors
in
China
/
Singapore
would
have
access
to
LiteCoin
via
CoinBase.
Unlike
the
commodities
market
/
dot.com
shares
bubble,
the
PTB
have
virtually
zero
means
to
cap
the
crypto
space
via
naked
short-selling.
Cryptocurrencies
could
represent
the
greatest
bubble
of
financial
history
with
Bitcoin
the
Google-like
model
of
a
new
digital
revolution.
Bob
Hoye
of
Institutional
Advisors
rejoins
the
show
with
a
fresh
perspective
on
the
financial
markets
/
cryptocurrencies
-
his
proprietary
indicators
suggest
US
shares
are
reaching
bubble
territory
as
speculative
euphoria
is
approaching
year
2000
dot.bomb
levels.
The
host
/
guest
discuss
Bob's
excellent
technical
charts
-
while
the
host
views
Bitcoin
as
a
gold
rush,
circa
the
1995
Dot.com
days
with
the
next
target
after
a
correction,
$10,000
per
coin,
the
guest
views
the
current
3
fold
increase
in
Bitcoin
as
the
ultimate
top.
An
early
Bitcoin
competitor,
LiteCoin
blasted
higher
overnight,
on
news
that
investors
in
China
/
Singapore
would
have
access
to
LiteCoin
via
CoinBase;
this
type
of
tulip
/
dot.com
activity
may
become
the
new
norm
for
several
years
to
come.
Key
takeaway:
unlike
the
commodities
market
/
dot.com
shares
bubble
where
the
IPO
investment
banks
could
short
the
low
float
companies,
the
PTB
have
virtually
zero
means
to
cap
the
crypto
space
via
naked
short-selling.
As
a
result,
cryptocurrencies
could
represent
the
greatest
bubble
of
financial
history
with
Bitcoin
the
Google-like
model
of
a
new
digital
revolution.
Gerald
Celente
&
Chris
Waltzek
Ph.D.
-
June
21,
2017.
Head
of
the
Trends
Research
Institute,
Gerald
Celente
returns
with
grave
concerns
for
the
US
middle
class
and
the
wealth
gap.
Tens
of
millions
live
below
the
poverty
line,
102
able
bodied
citizens
are
out
of
work
while
a
tiny
fraction
own
half
the
world's
wealth.
Corporate
takeovers
oftentimes
lead
to
large
downsizing
/
job
cuts,
as
management
seeks
to
streamline
operations.
Gerald
Celente
expects
the
trend
to
persist,
leading
to
greater
employment
risk.
Thanks
in
no
small
part
to
Midwest
fracking
operations,
the
US
is
expected
to
eclipse
Russia
in
gas
/
oil
production,
a
in
turn
boosting
domestic
employment.
Record
oil
reserves
and
operating
oil
rigs,
have
put
the
price
of
WTIC
under
pressure
-
but
once
the
glut
passes,
$75-$100
per
barrel
could
unfold.
Due
to
weak
domestic
GDP
figures,
Celente
and
the
host
concur
that
the
odds
of
a
second
rate
hike
this
year
are
slim.
With
geopolitical
risks
ratcheting
up,
e.g.
war
in
Syria,
and
potentially
in
Iran,
gold
remains
the
ultimate
safe-haven
investment
asset.
Downside
risk
is
merely
$1,100,
while
a
solid
break
above
$1,300-$1,400
could
springboard
bullion
to
the
former
bull
market
peak
of
$2,000+.
Adding
to
the
positive
gold
story,
the
recent
equities
bonanza
has
diverted
attention
away
from
the
thermonuclear
bomb
blast
shelter.
Investors
are
advised
to
procure
precious
metals
insurance
and
avoid
the
mainstream
propaganda;
MacCarthy-like,
Russo-phobia.
Much
of
the
recent
Bitcoin
price
explosion
is
directly
tied
to
the
decision
by
officials
in
Japan
to
facilitate
the
cryptocurrency
as
legal
tender,
providing
a
relatively
free
/
anonymous
alternative
for
financial
transactions.
Head
of
the
Trends
Research
Institute,
Gerald
Celente
returns
with
grave
concerns
for
the
US
middle
class
and
the
wealth
gap
-
tens
of
millions
live
below
the
poverty
line,
102
able
bodied
citizens
are
out
of
work
while
a
tiny
fraction
own
half
the
world's
wealth.
Corporate
takeovers
oftentimes
lead
to
large
downsizing
/
job
cuts,
as
management
seeks
to
streamline
operations
-
Gerald
Celente
expects
the
trend
to
persist,
leading
to
greater
employment
risk.
Thanks
in
no
small
part
to
Midwest
fracking
operations,
the
US
is
expected
to
eclipse
Russia
in
gas
/
oil
production,
a
in
turn
boosting
domestic
employment.
Record
oil
reserves
and
operating
oil
rigs,
have
put
the
price
of
WTIC
under
pressure
-
but
the
glut
passes,
$75-$100
per
barrel
remains
the
long-term
forecast.
Due
to
weak
domestic
GDP
figures,
Celente
and
the
host
concur
that
the
odds
of
a
second
rate
hike
this
year
are
slim.
With
geopolitical
risks
ratcheting
up,
e.g.
war
in
Syria,
and
potentially
in
Iran,
gold
remains
the
ultimate
safe-haven
investment
asset.
Downside
risk
is
merely
$1,100,
while
a
solid
break
above
$1,300-$1,400
could
springboard
bullion
to
the
former
bull
market
peak
of
$2,000+.
Adding
to
the
positive
gold
story,
the
recent
equities
bonanza
has
diverted
attention
away
from
the
thermonuclear
bomb
blast
shelter.
Investors
are
advised
to
procure
precious
metals
insurance
and
avoid
the
mainstream
propaganda;
Macarthy-like,
Russo-phobia.
Meanwhile,
much
of
the
recent
Bitcoin
price
explosion
is
directly
tied
to
the
decision
by
officials
in
Japan
to
facilitate
the
cryptocurrency
as
legal
tender,
providing
a
relatively
free
/
anonymous
alternative
for
financial
transactions.
Bill
Murphy
&
Chris
Waltzek
Ph.D.
-
June
15,
2017.
This
is
due
in
part
to
the
difficulty
of
naked
short-selling
the
sector,
gold
and
silver
will
break
their
shackles
and
ascend
to
new
records.
When
silver
closes
firmly
above
$21,
momentum
traders
and
hedge
funds
will
pile
into
the
trade,
igniting
an
epic
short-covering
squeeze.
Gold
and
silver
could
capture
FOREX
market
share
by
as
much
as
10-20%,
resulting
in
a
windfall
increase
of
$1
trillion
in
capital
gains.
Bill
Murphy
of
GATA.org
returns
with
insights
into
this
week's
FOMC
rate
hike
decision.
Fed
policymakers
raised
the
overnight
lending
rate
by
a
quarter
point
from
1%
to
1.25%.
The
current
FFF
contracts
indicate
low
odds
of
another
rate
hike
in
2017
and
high
odds
for
another
quarter
point
increase
next
year.
With
no
further
rate
increase
anticipated
in
2017,
interest
in
the
Greenback
should
yield
to
the
precious
metals.
The
guest
/
host
agree
that
a
spectacular
rise
in
the
PMs
is
imminent,
in
similar
fashion
as
the
Bitcoin
bonanza
from
sub-$1,000
to
$3,000.
In
addition,
billionaire
VC,
Tim
Draper
is
calling
for
$10,000
Bitcoin
in
2018.
Just
as
the
PTB
have
lost
control
of
the
cryptocurrency
tulip
mania-like
market
due
in
part
to
the
difficulty
of
naked
short-selling
the
sector,
gold
and
silver
will
break
their
shackles
and
ascend
to
new
records.
Case
in
point,
when
silver
closes
firmly
above
$21,
momentum
traders
and
hedge
funds
will
pile
into
the
trade,
igniting
an
epic
short-covering
squeeze.
Gold
and
silver
could
capture
FOREX
market
share
by
as
much
as
10-20%,
resulting
in
a
windfall
increase
of
$1
trillion
in
capital
gains.
Dr.
Stephen
Leeb
&
Chris
Waltzek
Ph.D.
-
June
14,
2017.
The
net
impact
solidifies
the
goal
to
dominate
the
economies
of
the
East
/
developing
world,
the
home
of
75%
of
global
oil
reserves.
Unfortunately,
the
US
was
not
only
rejected
from
the
SCO,
but
cannot
even
act
as
an
observer,
presenting
a
potential
strategic
opportunity
for
US
diplomacy.
Even
if
the
a
precious
metals
selloff
ensues,
the
die
is
cast
for
a
new
bull
market.
The
digital
monetary
revolution
is
kicking
into
high
gear
-
current
estimates
project
10%
of
the
$5
trillion
dollar
FOREX
market
become
digital.
Bitcoin
will
encompass
one
third
of
the
$500
billion
digital
currency
space,
implying
a
potential
market
cap
of
$1.7
trillion,
or
$100,000
per
Bitcoin.
Jim
Cramer
recently
called
for
$1,000,000
per
Bitcoin,
as
institutions
/
governments
scramble
to
release
their
information
systems
from
the
Ransomware:
WannaCry.
Ethereum
and
Komodo
among
numerous
competitors
will
absorb
the
remaining
$330
billion
digital
currency
space.
The
resulting
digital
gold
rush
will
usher
in
one
of
the
hottest
profit
opportunities
of
the
decade.
The
discussion
includes
a
pitch
for
a
new
initial
crypto
offering,
BitSilver.
Dr.
Leeb
recommends
a
riveting
Sci
Fi
trilogy
from
China
by
award
winning
Cixin
Liu,
The
Three
Body
Problem,
The
Dark
Forest,
and
Death's
End.
Key
takeaway
-
when
oil
is
denominated
in
China's
Yuan
/
Renminbi
on
a
key
Eastern
exchange,
dollar
hegemony
will
collapse,
shifting
the
balance
of
power.
Dr.
Stephen
Leeb
presents
a
compelling
case
for
China
rapidly
positioning
itself
as
the
center
of
the
world,
particularly
in
the
areas
of
economics,
cryptocurrencies
and
computer
science.
The
Shanghi
Cooperation
Organization
(SCO)
is
unifying
half
the
global
population,
over
3
billion
people
via
8
nations
formerly
at
odds,
including
Pakistan
and
India,
providing
trade
and
security
services,
emblematic
of
the
industrial
powerhouse.
The
net
impact
solidifies
the
goal
of
China's
officials
to
dominate
the
economies
of
the
East
/
developing
world,
the
home
to
75%
of
global
oil
reserves.
Unfortunately,
the
US
was
not
only
rejected
from
the
SCO,
but
cannot
even
act
as
an
observer,
presenting
a
potential
strategic
opportunity
for
US
diplomacy.
Key
takeaway
-
the
catalyst
that
could
send
gold
skyward:
when
an
eastern
benchmark
for
oil
is
announced
as
denominated
in
China's
Yuan
/
Renminbi,
dollar
hegemony
will
collapse,
shifting
the
balance
of
power
Eastward.
Even
if
the
a
precious
metals
selloff
ensues,
the
die
is
cast
for
a
new
bull
market.
The
digital
monetary
revolution
is
kicking
into
high
gear
-
current
estimates
project
10%
of
the
$5
trillion
dollar
FOREX
market
will
comprise
cryptocurrencies,
$500
billion
of
which
Bitcoin
will
encompass
one
third,
implying
a
potential
market
cap
of
$1.7
trillion
(10x's
the
$170
billion)
culminating
in
$100,000
per
Bitcoin.
Jim
Cramer
recently
called
for
$1,000,000
per
Bitcoin,
as
institutions
/
governments
scramble
to
release
their
information
systems
from
the
Ransomware:
WannaCry.
Meanwhile,
a
top
Silicon
Valley
venture
capitalist
and
billionaire,
Tim
Draper
is
calling
for
$100,000
per
coin.
Just
as
importantly,
Ethereum
and
Komodo
among
numerous
competitors
will
absorb
the
remaining
$330
billion
digital
currency
space;
the
resulting
digital
gold
rush
will
usher
in
one
of
the
hottest
profit
opportunities
of
the
decade.
The
discussion
includes
a
pitch
for
a
new
initial
crypto
offering,
BitSilver.
Dr.
Leeb
recommends
a
riveting
Sci
Fi
trilogy
from
China
by
award
winning
Cixin
Liu,
The
Three
Body
Problem,
The
Dark
Forest,
and
Death's
End.
David
McAlvany
&
Chris
Waltzek
Ph.D.
-
June
8,
2017.
He
outlines
key
insights
he's
gleaned
via
decades
of
guiding
investors
to
financial
success
to
improving
one's
intangible
legacy.
By
reverse-engineering
our
lives,
David
McAlvaney
believes
virtually
everyone
can
attain
a
more
fulfilling
state
through
nurturing
/
fostering
relationships.
His
proposed
outcome
enhances
the
net
worth
of
merely
a
solid
bank
account.
It's
proposed
that
the
exponential
advance
in
the
PMs
sector
in
2011
should
have
resulted
in
a
parabolic
climb,
but
the
PTB
intentionally
capped
the
price.
Adding
to
the
appeal
of
PMs
investments
includes,
geopolitical
instability
among
key
oil
producing
nations
and
shifting
allegiances
in
emerging
nations.
Given
that
the
bull
market
in
PMs
is
still
intact,
the
end
game
has
not
yet
played
out
-
prices
will
soar
to
manic
heights
in
just
3-5
years,
by
2020-2022.
Pundits
in
the
gold
crowd
concur,
John
Embry
recently
proposed
that
one
of
the
few
markets
not
experiencing
manic
conditions,
the
PMs
sector,
will
eventually
eclipse
the
competing
asset
classes
as
stocks,
etc.
return
to
the
mean
with
more
pragmatic
valuation
levels.
David
McAlvany,
CEO
of
the
McAlvany
Financial
Companies,
returns
with
his
latest
inspirational
/
motivational
tome,
The
Intentional
Legacy.
David
McAlvany
outlines
key
insights
he's
gleaned
via
decades
of
guiding
investors
to
financial
success
to
improving
one's
intangible
legacy.
By
reverse-engineering
our
lives,
David
McAlvaney
believes
virtually
everyone
can
attain
a
more
fulfilling
state
through
nurturing
/
fostering
relationships
with
family
/
friends
/
coworkers.
His
proposed
outcome
eclipses
the
net
worth
of
merely
a
profitable
bottom
line.
It's
proposed
that
the
exponential
advance
in
the
PMs
sector
in
2011
should
have
resulted
in
a
parabolic
climb,
but
the
PTB
intentionally
capped
the
price
from
2011-2015
via
paper
money
schemes.
Adding
to
the
appeal
of
PMs
investments
includes,
geopolitical
instability
among
key
oil
producing
nations
and
shifting
allegiances
in
emerging
nations.
Given
that
the
bull
market
is
still
intact,
the
end
game
has
not
yet
played
out
-
prices
will
soar
to
manic
heights
in
just
3-5
years,
by
2020-2022.
Pundits
in
the
gold
crowd
concur,
John
Embry
recently
proposed
that
one
of
the
few
markets
not
experiencing
manic
conditions,
the
PMs
sector,
will
eventually
eclipse
the
competing
asset
classes
as
stocks,
etc.
return
to
the
mean
with
more
pragmatic
valuation
levels.
The
positive
technical
position
of
the
PMs
sector
suggests
an
upside
breakout
is
imminent
in
the
coming
weeks.
The
move
could
potentially
launch
gold
northward
to
$1,500
and
silver
$26
an
ounce.
Just
as
the
digital
currency
Ethereum
has
increased
over
10
fold
as
Bitcoin
tripled
in
value,
silver
gains
could
eclipse
gold
in
the
imminent
advance.
Bill
Murphy
of
GATA.org
and
the
host
discuss
the
Bitcoin
phenomenon
and
the
implications
to
the
precious
metals
sector.
As
the
high-flying
digital
currency
approaches
$3,000,
Dr.
Paul
Craig
Roberts
and
David
Kranzler
note
how
many
markets
are
reaching
manic-like
levels,
except
the
precious
metals,
representing
an
appealing
relative
valuation.
Bill
Murphy
cites
the
seemingly
contrived
paper
short
positions
in
the
metals
markets,
potentially
holding
the
yellow
metal
under
$1,300.
The
guest
/
host
outline
why
the
casino
denizens
may
cash
out
their
chips
in
search
of
safety
in
hard
assets.
In
addition,
the
world's
largest
gold
producer
/
consumer,
China
is
poised
to
consume
at
least
1,000
metric
tons
of
gold
this
year
alone,
an
increase
of
50%,
stretching
the
limits
of
the
already
taught
and
inelastic
supply
/
demand
curves.
The
discussion
includes
a
recently
discovered
treasure
in
the
Netherlands;
a
fortune
of
Roman
gold
coins
dating
to
476
A.D.,
attributed
to
a
Frankish
leader
and
the
crumbling
empire.
The
positive
technical
position
of
the
PMs
sector
suggests
an
upside
breakout
is
imminent
in
the
coming
weeks,
potentially
launching
gold
northward
to
$1,500
and
silver
$26
an
ounce.
Just
as
the
digital
currency
Ethereum
has
increased
over
10
fold
as
Bitcoin
tripled
in
value,
silver
gains
could
eclipse
gold
in
the
imminent
advance.
Arch
Crawford,
head
of
Crawford
Perspectives,
outlines
his
take
on
the
US
equities
bull
market.
He's
concerned
by
the
lack
of
breadth
/
confirmation
in
the
broader
indexes,
such
as
the
NY
composite
and
Wilshire
5000.
Dow
Theory
is
also
flashing
warning
signals;
the
new
highs
are
actually
declining
according
to
his
analysis,
suggestive
of
potential
market
manipulation.
Arch
Crawford
presents
key
dates
using
cycle
patterns
for
likely
market
crashes.
Our
guest
traded
gold
for
a
living
in
the
1970's
-
he's
impressed
by
the
recent
golden
cross,
where
the
daily
50
period
moving
average
moves
above
the
200.
A
solid
close
above
$1,300
gold
could
ignite
the
next
stage
of
the
PMs
advance.
Another
encouraging
technical
sign;
the
MACD
trend
indicator
registered
a
buy
signal
two
weeks
ago,
an
important
positive
indication.
The
discussion
includes
cryptocurrencies
and
the
very
real
possibility
for
Bitcoin
and
related
coins
like
Ethereum
/
Komodo,
to
skyrocket.
Arch
Crawford,
head
of
Crawford
Perspectives,
outlines
his
take
on
the
US
equities
bull
market
-
he's
concerned
by
the
lack
of
breadth
/
confirmation
in
the
broader
indexes,
such
as
the
NY
composite
and
Wilshire
5000.
Dow
Theory
is
also
flashing
warning
signals;
the
new
highs
are
actually
declining
according
to
his
analysis,
suggestive
of
potential
market
manipulation
by
the
PPT.
Arch
Crawford
presents
key
dates
using
cycle
patterns
for
likely
market
crashes.
Our
guest
traded
gold
for
a
living
in
the
1970's
-
he's
impressed
by
the
recent
golden
cross,
where
the
daily
50
period
moving
average
moves
above
the
200,
suggesting
a
positive
shift
in
buying
pressure.
A
solid
close
above
$1,300
gold
could
ignite
the
next
stage
of
the
PMs
advance.
Another
encouraging
technical
sign;
the
MACD
trend
indicator
registered
a
buy
signal
two
weeks
ago,
an
important
positive
indication.
The
discussion
includes
cryptocurrencies
and
the
very
real
possibility
for
Bitcoin
and
related
coins
like
Ethereum
/
Komodo,
to
skyrocket
-
Wired
Magazine
discusses
$100,000
per
Bitcoin
target.
John
Williams
&
Chris
Waltzek
PhD
-
March
31,
2017.
The
global
economic
system
began
its
collapse
in
2008
and
is
no
longer
fully
solvent;
a
subsequent
financial
supernova
is
inevitable.
According
to
a
Financial
Times
article,
since
the
last
Great
Recession,
productivity
has
fallen
to
the
lowest
level
in
over
40
years.
Officials
can
no
longer
mask
the
fact
that
certain
sectors
of
the
economy
mirror
the
conditions
of
the
Great
Depression.
The
manufacturing
sector
is
experiencing
the
longest
period
of
non-expansion
since
numbers
were
first
tallied
nearly
one
century
earlier.
Just
over
3
years
ago,
the
Venezuelan
Bolivar
was
the
premier
currency
of
South
America,
near
parity
with
the
US
Greenback.
Today
it
requires
merely
1
dollar
to
procure
6,000
Bolivars
-
over
the
same
period
gold
skyrocketed
in
terms
of
Bolivars.
The
net
impact
is
widespread
starvation,
looting
and
civil
war,
potentially
a
foreshadowing
of
things
to
come
in
the
US.
At
first,
Fed
policymakers
will
likely
expand
monetary
stimulus
via
QE4,
but
such
stimulus
comes
with
the
Achilles
heel
of
exponentially
decreasing
returns.
The
huge
international
capital-inflows
currently
propping
up
US
equities
via
the
US
dollar,
will
reverse
course
posthaste.
Ultimately,
the
economic
supernova
will
ignite
via
galloping
inflation,
next
hyperinflation,
sending
the
cost
of
goods
and
services
soaring.
As
the
US
dollar
plunges
to
new
lows,
it
will
trigger
the
tipping
point
of
the
economic
chaotic-system.
According
to
a
Zero
Hedge
article
last
week,
the
dollar
and
Bitcoin
are
overbought
relative
to
gold
which
is
relatively
underpriced.
Alternative
economist,
John
Williams
of
Shadowstats.com
discusses
the
debt-asset
based
global
economy.
Our
guest
agrees
with
the
conclusions
drawn
by
a
griping
article,
How
Debt-Asset
Bubbles
Implode:
The
Supernova
Model
of
Financial
Collapse,
penned
by
Charles
Hughes
Smith;
the
global
economic
system
began
its
collapse
in
2008
and
is
no
longer
fully
solvent;
a
subsequent
financial
supernova
is
inevitable.
According
to
a
Financial
Times
article,
since
the
last
Great
Recession,
productivity
has
fallen
to
the
lowest
level
in
over
40
years
as
indicated
by
anemic
GDP
/
hour
worked,
indicating
that
massive
central
bank
liquidity
injections
have
done
little
to
improve
economic
output.
Officials
can
no
longer
mask
the
fact
that
certain
sectors
of
the
economy
resemble
the
conditions
of
the
Great
Depression.
For
instance,
the
manufacturing
sector
is
experiencing
the
longest
period
of
non-expansion
since
numbers
were
first
tallied
nearly
a
nearly
one
century
earlier.
Just
over
3
years
ago,
the
Venezuelan
Bolivar
was
the
premier
currency
of
South
America
and
near
parity
with
the
US
Greenback.
However,
today
it
requires
merely
1
dollar
to
procure
6,000
Bolivars
-
over
the
same
period
gold
skyrocketed
in
terms
of
Bolivars;
the
net
impact
is
widespread
starvation,
looting
and
civil
war,
potentially
a
foreshadowing
of
things
to
come
in
the
US.
At
first,
Fed
policymakers
will
likely
expand
monetary
stimulus
via
QE4,
but
such
stimulus
comes
with
the
Achilles
heel
of
exponentially
decreasing
returns,
leaving
the
typical
household
in
jeopardy.
The
huge
international
capital-inflows
currently
propping
up
US
equities
via
the
US
dollar,
will
begin
to
reverse
course
posthaste,
sending
massive
capital
flowing
into
the
energy
sector
and
related
safe
haven
assets.
Ultimately,
the
economic
supernova
will
ignite
via
galloping
inflation
and
inevitably,
hyperinflation,
sending
the
cost
of
goods
and
services
soaring.
The
plunging
US
dollar
will
cause
the
tipping
point
of
the
economic
chaotic-system.
According
to
a
Zero
Hedge
article
last
week,
the
dollar
and
Bitcoin
are
overbought
relative
to
gold,
which
is
relatively
underpriced.
As
Partner
&
Portfolio
Manager,
the
JP
Morgan
veteran
of
Wall
Street,
utilizes
decades
of
experience
to
better
guide
investment
decisions.
John
Scurci
warns
that
the
US
currency
may
be
much
less
stable
than
most
investors
realize.
The
actual
intrinsic
value
could
be
considerably
lower
than
anticipated
by
most
investment
models.
The
2008
Great
Recession
/
Credit
Crisis
never
ended;
officials
merely
poured
trillions
of
dollars
in
debt
over
the
problem.
By
some
measures,
global
debt
has
increased
by
60%
since
the
last
financial
shock,
priming
the
weapons
of
mass
destruction
for
another
imminent
implosion.
Although
he
outlines
a
disturbing
prophecy,
investors
may
choose
to
heed
his
warning
and
shield
their
portfolios
with
hard
assets.
2008
represented
a
wake
up
call
to
economic
policymakers
/
institutions
around
the
globe.
Numerous
alternatives
have
emerged
to
challenge
the
hegemony
of
the
US
dollar
outside
the
purview
of
the
IMF
and
World
Bank.
Our
guest
underscores
many
of
the
impressive
qualities
of
gold.
The
PMs
represent
perfect
panacea
to
global
currency
ailments.
Hard
assets
like
gold
earn
a
place
in
every
investment
portfolio
as
an
alternative
to
counter-party
risk.
John
Scurci
of
Corona
Capital
Management
makes
his
show
debut.
As
Partner
&
Portfolio
Manager,
the
Yale
economics
program
graduate
and
JP
Morgan
veteran
of
Wall
Street,
utilizes
decades
of
experience
to
better
guide
investment
decisions.
John
Scurci
warns
that
the
US
currency
may
be
much
less
stable
than
most
investors
realize
-
the
actual
intrinsic
value
could
be
considerably
lower
than
anticipated
by
most
investment
models.
The
2008
Great
Recession
/
Credit
Crisis
never
ended;
officials
merely
poured
trillions
of
dollars
in
debt
over
the
problem.
Case
in
point,
by
some
measures,
global
debt
has
increased
by
60%
since
the
last
financial
shock,
priming
the
financial
weapons
of
mass
destruction
for
another
imminent
implosion.
Although
he
outlines
a
disturbing
prophecy,
investors
may
choose
to
heed
his
warning
and
shield
their
portfolios
with
the
best
insurance
policy
available,
hard
assets.
In
addition,
2008
represented
a
wake
up
call
to
economic
policymakers
/
institutions
around
the
globe
-
numerous
alternatives
have
emerged
to
challenge
the
hegemony
of
the
US
dollar
outside
the
purview
of
the
IMF
and
World
Bank,
such
as
bilateral
trade
agreements
with
China.
Our
guest
underscores
many
of
the
impressive
qualities
of
gold,
such
as
its
debt-free,
underowned,
underpriced
and
the
perfect
panacea
to
global
currency
ailments.
Hard
assets
like
gold
earn
a
place
in
every
investment
portfolio
as
appealing
alternatives
to
counter-party
risk.
Peter
Grandich
&
Chris
Waltzek
Ph.D.
-
May
24,
2017.
According
to
a
recent
Fed
statistics,
44%
of
American's
have
less
than
$400
in
savings,
while
the
majority
continue
to
live
from
paycheck
to
paycheck.
Put
differently,
over
100
million
people
cannot
afford
to
pay
a
major
car
repair
or
health
issue
without
using
credit
or
insurance
policies.
With
US
equities
at
a
record
zenith,
Peter
Grandich
of
Peter
Grandich
and
Company
advises
avoiding
relatively
overpriced
paper
assets,
preferring
instead
the
relative
safety
of
the
precious
metals
over
the
frothiness
of
US
shares.
Moreover,
amid
the
cryptocurrency
revolution
where
Bitcoin
and
competing
digital
currencies
can
climb
100s
of
percent
per
day
and
$100
invested
in
2011
is
worth
millions
today,
the
duo
ask:
should
investors
be
concerned
by
the
prospect
of
related
blockchain
exploits,
and
zero-days;
as
such
threats
emerge,
might
the
PMs
sector
experience
a
similar
"gold
rush?"
Peter
Grandich's
technical
analysis
indicates
that
a
new
PMs
bull
market
is
forming
-
investors
still
have
time
to
accumulate
gold
/
silver
investments
at
appealing
values.
Despite
seemingly
robust
domestic
employment
numbers,
the
past
10
years
GDP
growth
average
(1.3%)
mirrors
identically
that
of
the
decade
preceding
The
Great
Depression,
identifying
a
potentially
huge
discrepancy
/
between
the
actual
and
reported
statistics.
For
instance,
according
to
a
recent
Fed
statistics,
44%
of
American's
have
less
than
$400
in
savings,
while
the
majority
continue
to
live
from
paycheck
to
paycheck.
Put
differently,
over
100
million
people
cannot
afford
to
pay
a
major
car
repair
or
health
issue
without
using
credit
or
insurance
policies,
begging
the
question:
are
the
official
statistics
disingenuous?
Professor
Laurence
Kotlikoff
&
Chris
Waltzek
Ph.D.
-
May
18,
2017.
Economist
Professor
Laurence
Kotlikoff,
returns
with
a
new
FREE
book:
You're
Hired!
With
over
$220
in
national
debt,
if
10%
of
the
GDP
were
directed
to
paying
of
the
debt,
it
would
still
require
an
infinite
number
of
years.
Dr.
Kotlikoff
admonishes
policymakers
for
ignoring
the
warning
of
the
national
founders,
not
to
burden
the
young
with
debt,
to
the
benefit
of
retirees.
Officials
are
determined
to
continue
money
printing
ways,
ultimately
culminating
with
inflation
and
higher
PMs
prices.
Dr.
Kotlikoff
and
the
host
see
warning
signs
that
the
US
equities
markets
is
overpriced
continue
to
appear.
Investment
legend
Warren
Buffett
is
holding
most
of
his
funds
in
cash,
over
$80
billion,
despite
his
reputation
for
holding
steady
through
tough
times.
Due
to
massive
leverage
and
opacity
in
the
banking
system,
the
bank
stress
tests
are
useless;
another
2008
style
credit
crisis
is
inevitable.
Economist
Professor
Laurence
Kotlikoff,
has
a
new
FREE
book:
You're
Hired!
With
over
$220
in
national
debt,
if
10%
of
GDP
were
directed
to
paying
of
the
debt,
it
would
still
require
an
infinite
number
of
years.
Dr.
Kotlikoff
admonishes
policymakers
for
ignoring
the
warning
of
the
national
founders,
not
to
tax
and
burden
the
young
to
the
benefit
of
retirees.
Officials
are
determined
to
continue
their
money
printing
ways,
which
will
ultimately
culminate
with
inflation
and
higher
PMs
prices.
Dr.
Kotlikoff
and
the
host
note
warning
signs
that
the
US
equities
market
is
overpriced,
including
the
fact
that
investment
legend
Warren
Buffett
is
holding
most
of
his
funds,
over
$80
billion
despite
his
established
track
record
of
holding
steady
through
tough
times.
Due
to
massive
leverage
and
opacity
in
the
banking
system,
stress
tests
are
useless;
another
2008
style
credit
crisis
is
inevitable.
Dr.
Paul
Wilmott
&
Chris
Waltzek
Ph.D.
-
May
17,
2017.
Dr.
Paul
Wilmott
from
the
quantitative
finance
website,
Wilmott.com
returns
with
comments
on
his
magnum
opus,
endorsed
by
the
legendary
Nassim
Taleb.
The
duo
engage
in
an
enthralling
discussion
on
the
true
nature
of
financial
risk
versus
the
expected
risk
predicted
by
traditional
econometric
models.
The
guest
and
host
concur,
the
financial
field
is
deluding
itself
with
seemingly
solid
theories
that
simply
do
not
account
for
the
reality
of
black-swan
events.
The
duo
applaud
economists
/
financial
engineers
for
attempting
to
model
the
complex
/
chaotic
field
of
human
behavior
vs.
the
natural
sciences.
The
financial
theorist
(guest)
outlines
the
ramifications
of
algorithmic
trading
while
the
financial
experimentalist
(host)
presents
his
findings
from
his
3rd
party
documented
89%
win
rate
on
over
600
trades.
Dr.
Paul
Wilmott
from
the
quantitative
finance
website,
Wilmott.com
returns
with
comments
on
his
latest
magnum
opus,
strongly
endorsed
by
financial
legend
Nassim.
The
duo
engage
in
an
enthralling
discussion
on
the
true
nature
of
financial
risk
versus
the
expected
risk
predicted
by
traditional
econometric
models.
The
guest
and
host
concur,
the
financial
field
is
deluding
itself
with
seemingly
solid
theories
that
simply
do
not
account
for
the
reality
of
black-swan
like
events
/
sea-changes.
Nevertheless,
the
duo
applaud
economists
/
financial
engineers
for
attempting
to
model
the
complex
/
chaotic
field
of
human
behavior
vs.
the
more
predictable
natural
sciences.
The
discussion
includes
the
Millennial
Prizes,
including
P
vs.
NP
and
The
Navier-Stokes
prizes.
In
an
interesting
twist,
the
financial
theorist
(guest)
outlines
the
ramifications
of
algorithmic
trading
while
the
financial
experimentalism
(host)
presents
his
findings
from
his
3rd
party
documented
89%
win
rate
on
over
600
trades.
According
to
Bill
Murphy,
Eric
Sprott
continues
to
aggressively
accumulate
PMs
mining
shares.
Gold
demand
in
Asia
continues
to
soar,
as
1.3
billion
people
in
India
are
buying
several
fold
over
last
years
figure.
China's
1.35
billion
inhabitants
purchase
the
most,
worldwide.
Flaws
in
the
blockchain
structure
will
eventually
erode
investor
confidence
in
cryptocurrencies,
redirecting
a
flood
of
capital
to
gold
and
silver.
Bill
Murphy
of
GATA.org
returns
from
a
tribute
to
Eric
Sprott,
a
precious
metals
expert
philanthropist
and
self
made
billionaire.
Friend
of
Goldseek.com
Radio,
Eric
Sprott
recently
noted
that
gold
shares
could
present
a
valuation
opportunity
following
an
ETF
rebalancing.
According
to
Bill
Murphy,
Eric
Sprott
continues
to
aggressively
accumulate
PMs
mining
shares.
Gold
demand
in
Asia
continues
to
soar,
as
1.3
billion
people
in
India
are
buying
several
fold
over
last
years
figure,
while
China's
1.35
billion
inhabitants
purchase
the
most,
worldwide.
While
the
host
remains
a
big
proponent
of
the
digital
currency
revolution
via
Bitcoin,
Ethereum,
Komodo,
etc.,
flaws
in
the
blockchain
structure
will
eventually
erode
investor
confidence
in
cryptocurrencies,
redirecting
a
flood
of
capital
into
the
king
/
prince
of
currencies,
gold
and
silver.
Bob
Hoye
of
Institutional
Advisors
rejoins
the
show
with
key
gold
/
silver
market
insights.
The
gold
/
silver
ratio
(GS)
offers
investors
a
rare
glimpse
into
future
price
movements.
When
the
GS
or
metallic
credit
spread,
climbs,
financial
markets
tend
to
swoon
-
the
latest
reading
suggests
increased
market
volatility.
Bob
Hoye
is
most
bullish
on
the
PMs
mining
/
exploration
sector;
by
monitoring
the
earnings
on
the
gold
mining
shares,
investors
can
identify
prospects
with
huge
potential.
The
host
and
guest
concur;
the
technical
/
sentiment
indicators
confirm
solid
underlying
strength
in
US
shares.
Bob
Hoye
of
Institutional
Advisors
rejoins
the
show
with
key
gold
/
silver
market
insights;
the
gold
/
silver
ratio
(GS)
offers
investors
a
rare
glimpse
into
future
price
movements.
When
the
GS
or
metallic
credit
spread,
climbs,
financial
markets
tend
to
swoon
-
the
latest
reading
suggests
increased
market
volatility.
Bob
Hoye
is
most
bullish
on
the
PMs
mining
/
exploration
sector;
by
monitoring
the
earnings
on
the
gold
mining
shares,
investors
can
identify
prospects
with
huge
potential.
The
host
and
guest
concur;
the
technical
/
sentiment
indicators
confirm
solid
underlying
strength
in
US
shares.
Chris
Martenson
Ph.D.
&
Chris
Waltzek
Ph.D.
-
May
4,
2017.
The
guest
/
host
concur,
the
Great
Recession
of
2008
never
ended;
policymakers
merely
delayed
the
inevitable
day
of
economic
reckoning.
His
sources
indicate
that
Fed
insiders
are
de
facto
manipulating
the
CME
futures
markets
via
colocation
near
the
exchanges.
Although
the
precious
metals
markets
have
corrected
ahead
of
Fed
rate
hikes,
liquidity
actually
expanded
with
approximately
$5
billion
directed
to
banks.
The
USD/JPN
currency
pair
has
an
approximate
85%
correlation
with
the
gold
price,
offering
speculators
a
potentially
lucrative
arbitrage
opportunity.
The
precious
metals
markets
may
be
on
the
cusp
of
exciting
times
amid
record
demand
/
supply
conditions.
Chris
Martenson
is
equally
encouraged
by
severe
supply
shortfalls
in
silver
output,
further
evidence
supporting
the
potential
for
explosive
gains.
Our
guest
presents
compelling
evidence
of
declining
oil
discoveries
beginning
in
2014,
leading
to
shortages
by
2018.
Expect
a
rare
opportunity
to
purchase
high
yielding
energy
royalty
shares
at
relative
discounts.
The
crude
oil
sector
represents
a
potential
value;
OPEC
nations
continue
to
flood
the
market
with
every
available
source.
Given
the
cost
of
$100-$125
per
barrel
through
deep
water
drilling,
the
guest
/
host
share
an
oil
price
target
of
$75-$100+.
One
key
caveat:
if
the
economic
boom
in
China
slows
significantly,
demand
for
crude
could
experience
a
temporary
pause.
Key
takeaway:
given
the
expected
oil
supply
shortfall
over
the
next
three
years,
making
the
purchase
of
related
shares,
advisable.
Chris
Martenson
from
PeakProsperity.com
returns
to
the
show,
author
of
the
must
read
book,
Prosper!.
Chris
Martenson
and
the
host
concur,
the
Great
Recession
of
2008
never
ended;
policymakers
merely
delayed
the
inevitable
day
of
economic
reckoning.
His
sources
indicate
that
Fed
insiders
are
de
facto
manipulating
the
CME
futures
markets
via
colocation
near
the
exchanges
through
preferred
pricing
adjustments
from
exchange
officials.
Although
the
precious
metals
markets
have
corrected
ahead
of
Fed
rate
hikes,
liquidity
actually
expanded
with
approximately
$5
billion
annually
directed
to
the
major
money
center
banks,
creating
the
perfect
world
for
gold
/
silver
profits.
Evidently,
the
USD/JPN
currency
pair
has
an
approximate
85%
correlation
with
the
gold
price,
offering
speculators
a
potentially
lucrative
arbitrage
opportunity.
The
precious
metals
markets
may
be
on
the
cusp
of
exciting
times
amid
record
demand
/
supply
conditions,
given
that
the
1,000-2,000+
ton
annual
mining
deficit
is
satisfied
by
bullion
from
Western
vaults.
Chris
Martenson
is
equally
encouraged
by
severe
supply
shortfalls
in
silver
output,
further
evidence
supporting
the
potential
for
explosive
gains.
Our
guest
presents
compelling
evidence
of
declining
oil
discoveries
beginning
in
2014,
leading
to
shortages
by
2018,
resulting
in
a
remarkable
opportunity
to
purchase
high
yielding
energy
royalty
shares
at
relative
discounts.
The
crude
oil
sector
represents
a
potential
value;
OPEC
nations
continue
to
flood
the
market
with
every
available
source,
barely
capable
of
meeting
insatiable
demand
for
black
gold.
Given
the
cost
of
$100-$125
per
barrel
through
deep
water
drilling,
the
guest
/
host
share
an
oil
price
target
of
$75-$100+,
with
one
key
caveat:
if
the
economic
boom
in
China
slows
significantly,
demand
for
crude
could
experience
a
temporary
pause.
Key
takeaway:
given
the
expected
oil
supply
shortfall
over
the
next
three
years,
makes
accumulating
related
shares,
advisable.
Michael
Eastham
&
Chris
Waltzek
Ph.D.
-
May
3,
2017.
As
investors
approach
the
age
of
50,
their
focus
should
shift
away
from
capital
performance
to
income
maximization.
Our
guest
guides
clients
away
from
market
timing
approaches
in
favor
of
solid,
reliable
income
strategies.
Investors
under
50
typically
can
afford
the
luxury
of
higher
risk
investments,
but
as
retirement
approaches
the
odds
of
recouping
ill-timed
investments,
dwindles.
Developing
a
4-7%
dividend
stream
facilitates
a
comfortable
retirement,
bypassing
the
urge
to
gamble
via
risky
shares.
Readers
are
encouraged
to
download
Michael
Eastham's
must
read
investing
paper,
The
Red
Zone
of
Retirement,
in
PDF
format.
The
duo
discuss
methods
to
boost
passive,
dividend
income
in
the
precious
metals
sector.
Michael
Eastham,
Founder
and
President
of
Fellowship
Financial
Group
and
author
of
Common-Sense
Income
Strategies,
makes
his
debut
on
Goldseek.
Investors
under
50
typically
can
afford
the
luxury
of
higher
risk
investments,
but
as
retirement
approaches
the
odds
of
recouping
ill-timed
investment
losses
dwindles.
Our
guest
discourages
market
timing
approaches
in
favor
of
solid,
reliable
income
strategies.
As
investors
approach
the
age
of
50,
focus
should
shift
away
from
capital
performance
to
income
maximization.
By
way
of
a
4-7%
dividend
stream,
investors
can
retire
comfortably
without
gambling
via
risky
shares.
Readers
are
encouraged
to
download
Michael
Eastham's
must
read
investing
paper,
The
Red
Zone
of
Retirement,
in
PDF
format.
The
duo
discuss
methods
to
boost
passive,
dividend
income
in
the
precious
metals
sector.
Michael
Pento
&
Chris
Waltzek
Ph.D.
-
April
27,
2017.
The
next
economic
dominos
to
fall
could
be
China
the
EU
and
Japan,
with
debt
climbing
four
times
the
GDP
rate
in
China.
Equities
investors
are
advised
to
take
note
-
earnings
are
comparable
to
2014
-
little
forward
progress
has
occurred
since
then.
Key
takeaway
point:
gold
investors
are
advised
to
watch
for
an
inversion
of
the
yield
curve,
indicating
a
major
new
trend
is
likely.
The
yield
curve
inverted
ahead
of
the
2008
Great
Recession
and
will
likely
come
to
pass
before
the
next
inevitable
/
economic
cataclysm.
Our
guest
anticipates
the
next
recession
will
result
in
the
sharpest
decline
in
economic
output
since
the
Great
Depression.
Negative
real
interest
rates
will
eventually
accelerate
the
velocity
of
money,
a
hallmark
of
ruinous
galloping
inflation.
Once
the
process
gains
momentum,
policymakers
will
manage
the
debt
by
allowing
the
US
dollar
to
decline
against
rival
currencies.
To
compensate
for
the
ensuing
economic
chaos,
policymakers
are
preparing
the
global
populace
via
legislation
for
Minimum
Standard
of
Living
payments.
Our
guest
suggests
increasing
gold
bullion
exposure
to
10-20%
by
late
2017.
Michael
Pento,
President
and
Founder
of
Pento
Portfolio
Strategies
makes
his
debut
on
Goldseek.com
Radio.
Fed
policymakers
are
bluffing
on
rate
hikes,
hiding
their
true
intention
of
rate
cuts,
amid
350%
national
debt
per
GNP,
mirroring
the
conditions
ahead
of
the
last
recession
in
2007.
Our
guest
notes,
"The
Fed
will
never
again
be
able
to
normalize
interest
rates
(allow
to
climb
significantly)
without
sending
the
economy
into
a
tailspin...
The
Fed
has
already
tightened
enough
to
send
the
economy
(domestic)
into
a
recession."
Officials
no
longer
have
the
luxury
of
low
interest
rates
after
holding
rates
low
for
100
months
(8+
years).
Meanwhile,
according
to
the
Atlanta
Fed's
numbers,
the
economy
is
approaching
recessionary
GDP
levels
-
Michael
Pento
anticipates
a
recession
will
unfold
in
2017,
forestalling
the
Fed's
plans
to
unwind
their
over
$4
trillion
balance
sheet
of
toxic
MBS.
While
the
official
US
unemployment
rate,
the
U3
suggests
near
full-employment,
the
more
accurate
/
traditional
U6
indicates
nearly
100
million
Americans
are
underemployed.
In
addition,
our
guest
suggests
that
the
next
economic
dominos
to
fall
could
be
China
the
EU
and
Japan,
with
debt
climbing
four
times
the
GDP
rate
in
China
while
the
respective
nations
are
similarly
saddled.
Equities
investors
are
advised
to
take
note
-
corporate
earnings
are
comparable
to
2014
-
little
forward
progress
has
occurred
since
then.
Key
takeaway
point:
gold
investors
should
watch
for
a
yield
curve
inversion,
indicating
a
major
new
trend
is
likely.
This
sign
occurred
before
the
2008
Great
Recession
and
will
likely
come
to
pass
before
the
inevitable
/
economic
cataclysm.
Given
that
the
last
economic
downturn
required
the
most
QE
operations
in
economic
history
to
sidestep
a
meltdown,
our
guest
anticipates
the
next
recession
will
result
in
the
sharpest
decline
in
economic
output
since
the
Great
Depression.
The
global
trend
towards
negative
savings
rates
means
that
capital
cannot
be
hoarded
en
mass.
Negative
real
interest
rates
will
eventually
accelerate
the
velocity
of
money;
the
hallmark
of
ruinous
galloping
inflation.
Once
the
process
gains
momentum,
policymakers
will
attempt
to
manage
the
debt
by
allowing
the
US
dollar
to
decline
against
rival
currencies,
adding
more
toxic
debt
to
the
already
bloated
Fed
balance
sheet
via
orchestrated
helicopter
drops.
To
compensate
for
the
ensuing
economic
chaos,
policymakers
are
preparing
the
global
populace
via
legislation
for
a
Minimum
Standard
of
Living
payments,
where
governments
around
the
globe
will
send
money
directly
to
citizens.
Therefore,
our
guest
suggests
that
every
investor
increase
gold
bullion
exposure
to
10-20%
no
later
than
2017.
Gerald
Celente
&
Chris
Waltzek
Ph.D.
-
April
26,
2017.
Geopolitical
events
are
escalating
amid
saber
rattling
with
Syria
and
North
Korea.
Such
events
oftentimes
result
in
market
trends
with
key
implications
for
global
investors.
Although
the
post-election
rally
in
US
shares
is
impressive,
a
reaction
is
necessary
to
sustain
the
upward
momentum.
With
sluggish
retail
sales
via
the
"Retail
Apocalypse,"
Wall
Street
may
continue
to
rally
while
Main
Street
stagnates.
Global
currency
volatility
is
improving
the
appeal
of
alternatives,
such
as
gold
and
Bitcoin
Once
the
yellow
metal
crosses
$1,400,
Gerald
Celente
anticipates
a
new
bull
rally
will
drive
the
precious
metal
above
the
former
2011
peak
to
$2,000.
The
Trends
Journal
compares
cannabis
legalization
to
1933
and
the
end
of
prohibition.
Canada
recently
decriminalized
cannabis
and
many
US
states
allow
recreational
/
medicinal
usage.
Colorado
is
earning
more
tax
revenue
on
a
medicinal
herb
than
on
toxic
potent
potables.
Gerald
Celente
and
the
host
question
why
yet
another
tiny
impoverished
county
is
the
target
of
the
world's
most
potent
military
force.
At
the
helm
of
the
Trends
Research
Institute,
Gerald
Celente
returns
with
comments
on
gold
and
US
equities.
Geopolitical
events
are
escalating
amid
saber
rattling
with
Syria
and
North
Korea
-
such
events
oftentimes
result
in
market
trends
with
key
implications
for
global
investors.
Although
the
post-election
rally
in
US
shares
is
impressive,
a
reaction
is
necessary
to
sustain
the
upward
momentum.
Still,
with
sluggish
retail
sales
via
the
"Retail
Apocalypse,"
Wall
Street
may
continue
to
rally
while
Main
Street
stagnates.
Global
currency
volatility
is
improving
the
appeal
of
alternatives,
such
as
gold
and
Bitcoin
Once
the
yellow
metal
crosses
$1,400,
Gerald
Celente
anticipates
a
new
bull
rally
will
drive
the
precious
metal
above
the
former
2011
peak
to
$2,000
an
ounce.
The
Trends
Journal
compares
cannabis
legalization
to
1933
and
the
end
of
prohibition.
For
instance,
Canada
recently
decriminalized
cannabis
and
many
US
states
allow
recreational
/
medicinal
usage.
Colorado
is
earning
more
tax
revenue
on
a
medicinal
herb
than
on
toxic
potent
potables.
Gerald
Celente
and
the
host
question
why
yet
another
tiny
impoverished
county
with
millions
of
starving,
honest,
hardworking
souls,
is
the
target
of
the
world's
most
potent
military
force.
Chris
Powell
outlines
the
documented
PMs
market
rigging
/
manipulation.
Key
investment
banks
settled
nearly
$100
million
in
combined
gold
and
silver
manipulation
settlements.
According
to
GATA.org's
findings,
our
officials
have
carte
blanch
authority
to
rig
the
markets
in
any
way
they
see
fit
and
by
any
means
necessary.
Without
price
transparency,
free
markets
cannot
exist;
the
duo
examine
the
impact
of
their
machinations,
questioning
if
any
investor
can
avoid
the
impact
of
price
rigging.
One
of
GATA.org's
sources
reveals
that
the
central
banks
of
central
banks,
the
Bank
of
International
Settlements
(BIS)
actively
rigs
the
gold
market
on
the
behalf
of
their
colleagues,
worldwide,
to
wit,
not
the
fox
but
the
lion
guards
the
hen
house.
Koos
Jansen,
financial
journalist
Guillermo
Barba
and
other
researchers
lead
the
charge
by
questioning
global
central
banks
about
their
gold
reserves.
In
1998,
Dr.
Alan
Greenspan
testified
before
Congress
that
the
Fed
and
their
counterparts
rig
the
gold
market
to
the
benefit
of
global
society.
Despite
the
best
efforts
of
Indian
government
officials,
1
billion
citizens
refused
to
turn
over
their
24,000
tons
of
gold
holdings
(compare
that
with
the
largest
national
reserve,
the
US
stockpile
of
only
10,000
tons)
in
exchange
for
flimsy
paper
promises.
Given
that
every
investor
with
a
modicum
of
gold
/
silver
exposure
owes
a
debt
of
gratitude
to
GATA.org
for
exposing
the
PMs
rigging
schemes,
please
support
the
service
through
generous
donations.