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Top Ten Videos – August 27, 2023

How Catastrophic Will End of Current Debt Cycle Be For the World? Egon von Greyerz

The Jay Martin Show ... (From August 21)

Egon von Greyerz opines the current debt cycle is nearing its catastrophic end, posing significant risks to the global economy and highlighting the need to protect against debt and currency debasement.

Quick Summary Bullets:

Global Debt Crisis and Impending Collapse

  • “I think it could be catastrophic for the world.”
  • The overwhelming danger and risk is the debt, and the debt markets will crash, regardless of government and central bank interventions.
  • The current global debt has skyrocketed from $4 trillion in 1971 to a staggering $375 trillion, highlighting the consequences of a lack of financial discipline and the potential for a catastrophic implosion.
  • “That implosion of the markets or Bond values, that’s what was going to kill the world economy totally.”
  • U.S. debt has increased by a mind-boggling $21 trillion in just the last four years.
  • The current global debt bubble is unprecedented, as it encompasses every single country around the world, making it a much bigger cycle than before.
  • Egon von Greyerz expresses concern about the potential catastrophic impact of the current debt cycle, suggesting that it could be a significant threat to the world.
  • “It’s just a question of understanding that you’re looking at a risk that globally has never ever been seen in history before.”
  • China’s debt situation and speculative bubble will burst, causing major economic consequences not only for China but also for the rest of the world.
  • The decline of the dollar and Western currencies, along with the decline of Western standards of living, will lead to a significant shift in the world’s economic landscape.

Geopolitical Risks and Consequences

  • Egon von Greyerz provides a counter perspective on geopolitical events, offering insights that differ from mainstream media and macro thinkers.
  • The potential use of nuclear bombs in the conflict could have catastrophic consequences for the world.
  • “I think that this situation should be solved by some Statesmen actually standing up and saying and there’s only a few years that could do it because there isn’t a single.” – Egon von Grayerz emphasizes the need for strong leadership to address the current debt crisis.

Gold as a Safe Haven Investment

  • Despite the current quiet year for gold, the founder of Matterhorn Asset Management predicts that gold will be the ultimate beneficiary of the world’s problems, making it a steady and gradual investment choice for those seeking to protect their wealth.
  • The impending collapse of the financial system and the debasement of currencies will lead to a major shift away from the dollar, which will have a disastrous effect on Western economies and a significant impact on the gold price.
  • To meet the future demand for gold, which is limited by its finite supply, the price of gold will need to be revalued and increase significantly.

Transcript Summary:

  • 00:00 The current debt cycle is nearing its end and could have catastrophic consequences for the world, with declining balance sheets, currency devaluation, civil unrest, and external conflicts, highlighting the dangers of debt and currency debasement and the need to protect oneself from the risks.
    • Egon von Greyerz, founder of Matterhorn Asset Management, provides a unique perspective on geopolitical events and discusses the current state of the U.S Empire and the overlooked threads within the European conflict.
    • The speaker is considering where to establish his family’s foundation to ensure success for future generations, currently looking at Indonesia and Southeast Asia, with passports to Canada and the US, and considering options in commonwealth countries, inspired by his own upbringing in western Canada in the 90s.
    • He discusses the importance of managing one’s mind as an investor and mentions an upcoming interview with Egon Von Greer’s.
    • He discusses the similarities between the current debt cycle and the end of past empires, highlighting the decline of balance sheets, currency devaluation, civil unrest, and external conflicts, suggesting that the current situation may have significant consequences.
    • The current debt cycle is approaching its end and could have catastrophic consequences for the world, as indicated by various factors and signals.
    • He expresses concern about the dangers of debt and currency debasement, emphasizing the need to protect oneself and others from the risks, as governments and central banks may try to manipulate the markets but ultimately have no remedy due to the worthlessness of printed money.
  • 06:37 The current debt cycle poses a high risk of a catastrophic end, with excessive leverage and lack of discipline leading to an explosion of debt and inflation followed by an implosion of assets, and small signals of financial instability are already emerging.
    • Exponential phases, such as hyperinflation, start slowly and then suddenly increase dramatically, similar to filling a stadium with water where it takes 50 minutes to reach 7% full and the last 5 minutes make a significant difference.
    • The current debt cycle will lead to an explosion of debt and inflation, followed by an implosion of assets, due to the excessive leverage and lack of discipline in the global economy.
    • Egon von Greyerz believes that the risk of a catastrophic end to the current debt cycle is very high, and while they do not predict timing, they focus on protecting their own risk and do not believe the stock market will continue to rise, as the implosion of the market or bond values could have a devastating impact on the world economy.
    • Egon von Greyerz warns that just because a catastrophic debt cycle hasn’t happened in our lifetime doesn’t mean it won’t happen, and with the US adding $1.9 trillion in debt annually, it is important to watch for specific metrics that indicate we are approaching a sudden implosion of debt and assets.
    • Small signals of financial instability are becoming more frequent, such as bank failures and increasing defaults, and the Federal Reserve’s instructions to reduce lending will have a disastrous effect on the banking sector and loans.
  • 13:00 The current debt cycle is reaching its catastrophic end, with commercial property in the US and Europe in a disastrous state and the global debt bubble being unprecedented, leading to potential exponential increase in money printing and inflation.
    • Commercial property in the US and Europe is a disaster, with costs for normal people like food, fuel, rent, and interest rates increasing by 10 or 20 percent, not the reported four percent.
    • The continuous stream of money creation has kept the world going for longer than expected, but the exponential increase in debt, such as the US debt increasing by 21 trillion in the last four years, indicates signs of a potential catastrophic end to the current debt cycle.
    • The end of the current debt cycle is imminent and will have a significant impact on the world, as it is part of a larger super cycle.
    • The global debt bubble is unprecedented as it encompasses every country, making it the end of a larger cycle where there is no country left to save or lend money.
    • The global debt, including derivatives and the shadow banking system, is likely much higher than officially reported and could lead to an exponential increase in money printing and inflation, with the next crisis being even more severe than the 2008-2009 financial crisis.
  • 19:16 The speaker emphasizes the importance of understanding and protecting against risk in order to navigate the potential dark consequences of the current debt cycle, expressing concern about where to build a foundation for future generations and doubts about China’s ability to surpass the US as the leading global power.
    • Egon von Greyerz emphasizes the importance of understanding and protecting against risk in order to navigate the potential dark consequences of the current debt cycle.
    • He discusses the unprecedented global risk of the current debt cycle and expresses concern about where to build a foundation for future generations due to uncertainty, leading them to prioritize optionality.
    • He discusses the importance of finding a geographical location to set up a foundation for future success for his family, while also expressing doubts about China’s ability to surpass the US as the leading global power due to issues such as demographics, debt, and vacant real estate.
  • 22:49 The world needs to change its values and focus on helping each other instead of material possessions, as there is a global risk everywhere and finding a fair country to live in is becoming more difficult, with China facing major economic problems due to its debt and speculative bubble.
    • It is difficult for most people to decide where to live and how to protect themselves, but the speaker has the luxury of being able to move between different countries.
    • Switzerland is considered the best country economically and in terms of safety, with a political system that is the best in the world, but ultimately, survival is about having a support system of family and friends, which doesn’t require much cost.
    • We need to change our values and focus on helping each other instead of material possessions, as the world has lost its sense of value and needs to start fresh.
    • There is a global risk everywhere, making it more difficult to find a fair country to live in, with increasing migration into the US and Europe.
    • China will face major economic problems due to its debt and speculative bubble, but its closed economy and capital system will allow it to handle the financial collapse internally, although there is a risk of social unrest if they fail to provide food and shelter for the people.
  • 28:03 The conflict in Ukraine is a proxy war between the US and Russia, with the US leading the Western world in imposing sanctions and sending weapons, but a negotiated settlement is necessary to prevent further loss of life and potential nuclear catastrophe.
    • The Ukrainian War is not a conflict between Ukraine and Russia, but rather a situation where the United States is leading the Western world in imposing sanctions, sending weapons, and causing unrest, while the people of Ukraine, Russia, and the US do not want war.
    • There is no attempt to settle the conflict in Ukraine peacefully, with everyone instead sending more money and weapons, but Ukraine will never win against Russia and if nuclear bombs are used, it will be the end of the world.
    • America should stop sending weapons and money to Ukraine in order to end the war, as a negotiated settlement is necessary to prevent further loss of life.
    • There is a lack of strong leadership and statesmen in the world who can address the current debt crisis and take necessary action.
    • The war in Ukraine is going badly for the country and the West should intervene to stop it, as Europe is weak and the leaders are ineffective, leading to negative consequences for the people and the economy.
    • The conflict between Russia and Ukraine may be a proxy war between Russia and the US, potentially influenced by the trade war between China and the US, with energy playing a strategic role in the conflict.
  • 38:20 Germany’s lack of affordable energy and the strategic role of energy in the proxy war between China and the US may lead to capitulation throughout Europe, while Russia’s sanctions and NATO’s surrounding presence are causing tensions, and the separation of nations from trade due to political conflicts poses a significant problem, especially as peak energy has been reached in the world, resulting in increased costs and a lack of viable alternatives.
    • Germany’s lack of access to cheap and affordable energy, as well as the strategic role of energy in the proxy war between China and the US, may lead to capitulation throughout Europe.
    • Russia finds it unacceptable to have NATO countries surrounding them, and the US and Europe are seen as weak and obedient to US instructions.
    • Russia is being sanctioned by a small but powerful part of the world led by the US, and Germany’s suffering due to the sanctions could have been avoided.
    • Nations’ separation from trade due to political conflicts, particularly Germany from Russia and China, poses a significant problem, as modern wars often revolve around energy, which is further complicated by debates on CO2 emissions and global warming.
    • Peak energy has been reached in the world, leading to increased energy costs and a lack of viable alternatives, resulting in a future of less or more expensive energy for the world as a whole.
    • Germany and other countries have closed down nuclear plants, but alternative energy sources like wind and solar power are not yet capable of replacing fossil fuels due to the lengthy construction process and the inability to store the energy.
  • 46:15 The impending collapse of the current debt cycle and shift away from the dollar will have disastrous effects on Western economies, leading to a significant increase in the price of gold, which will become the natural replacement for the dollar as a central bank reserve.
    • The world’s dependence on fossil fuels and the lack of viable alternatives will lead to a decline in living standards for the next few decades, and the countries with natural resources will gradually take over the world.
    • Russia’s long-term power will be strengthened by its natural resources and collaboration with China, while the decline of the West, including the dollar and living standards, will lead to a significant shift in global dynamics, and this transition will occur over the next few decades.
    • Central banks all over the world are stockpiling physical gold at a rate not seen in decades, with Singapore being the largest acquirer last quarter, indicating that gold is seen as a safe haven asset amidst global risks and currency debasement.
    • The impending collapse of the current debt cycle, along with the debasement of currencies and the shift away from the dollar, will have a disastrous effect on Western economies and lead to a massive increase in the price of gold.
    • Gold will become the natural replacement for the dollar as a central bank reserve due to its value, but it will need to be revalued and its price will increase due to limited supply and future demand.
    • Egon von Greyerz predicts a massive shift in the coming years that will have costly consequences for those who don’t see it, and urges people to start worrying about risk rather than making money.

Recessions Are the Best Time to Buy Gold 'With Both Hands': Michael Pento

Commodity Culture ... (From August 26)

Quick Summary Bullets:

Key insights

  • “Recessions Are the Best Time to Buy Gold ‘With Both Hands’” – Michael Pento suggests that recessions present a prime opportunity to invest in gold.
  • “Recessions are the best time to buy gold ‘with both hands’.”
  • “The faith in Sovereign credit and money supply sound money is being destroyed globally.”
  • “Gold is money. Gold is real and honest money currency money.” – Michael Pento emphasizes the value and stability of gold as a form of currency during recessions.
  • Global economies, including China, the European Union, and the United States, are experiencing recession and disinflation, indicating a waning demand for commodities except gold.
  • “When I see the economy heading for a recession or a depression or a deflation, I want to focus my ownership of gold.”
  • “It’s more than just protection from sanctions… It’s political fiscal and monetary insanity and it’s resembling more and more like that of a Banana Republic.”
  • “What Powell did was a Banana Republic move, bailing out the entire banking system instead of allowing market forces to take effect.”

Transcript Summary:

  • 00:00 Recessions are the best time to buy gold, as the bond market is collapsing and interest rates are low, leading to a global bond bubble.
    • Recessions are the best time to buy gold, according to Michael Pento, the president and founder of Pento portfolio strategies, who discovered his passion for investing as a child and has since gained over 30 years of professional investment experience.
    • The bond market is currently experiencing a collapse in cycles, with the speaker predicting that it will continue to happen in the near-term future.
    • Interest rates are low and there is a global bond bubble, with Japan being heavily in debt.
  • 03:16 Recessions are the best time to buy gold as inflation and the Federal Reserve’s actions are causing volatility in the bond market and loss of faith in sovereign credit, leading to unpredictable dynamics in the credit markets.
    • Inflation and the Federal Reserve’s actions are causing the bond market to become volatile, leading to a loss of faith in sovereign credit and money supply globally, resulting in unpredictable dynamics in the credit markets.
    • The speaker believes that the current market is in a bear market with temporary bounces, and that true bull markets start after asset bubbles burst and inflation is under control.
  • 05:34 It is a good time to buy gold during recessions due to potential debt defaults and home price resets, as current economic indicators suggest a bear market is likely to begin soon.
    • During recessions, there is a potential for a massive debt default and home prices to reset, making it an opportune time to buy gold.
    • The current economic indicators, such as high home price to income ratio, high market cap of equities, and recessionary indicators, suggest that it is not a conducive time for a bull market to begin, but rather for a bear market to commence in the near future.
  • 08:17 Recessions are the best time to buy gold, as the speaker predicts a coming phase of disinflation, deflation, and recession followed by a commodity super cycle.
    • The inflation deflation economic cycle model helps understand the rate of change of growth and inflation, allowing for the avoidance of recessions and depressions, while also identifying stagflation and intractable inflation as ideal times to invest in commodities.
    • Recessions are the best time to buy gold, as the speaker predicts a coming phase of disinflation, deflation, and recession followed by a commodity super cycle.
    • Gold is considered real and honest money, while base metals and energy are not, as they tend to trade along with the second derivative of growth and inflation.
  • 11:39 During recessions, it’s a good time to buy gold as economies globally are experiencing recession and disinflation, resulting in falling interest rates and making gold a reliable investment.
    • During recessions, it is a good time to buy gold as economies globally, including China, the European Union, and the United States, are experiencing recession and disinflation, leading to a decrease in demand for commodities but not for gold.
    • Gold shines the brightest during recessions when the Federal Reserve lowers interest rates, resulting in falling nominal rates and falling real rates, making it the best time to buy gold.
    • During recessions, it is advisable to buy gold due to falling real interest rates, while silver is a hybrid metal that can act as both a monetary and industrial metal, but its demand for industrial use may decrease during a depression.
    • During recessions or economic downturns, it is advisable to invest in gold as it is a pure form of money, and while there are rumors of the BRICS nations moving away from the US dollar to a gold-backed currency, the speaker does not incorporate this into their day-to-day trading as it is a long-term trend.
    • The loss of faith in the US Treasury and Central Bank by foreign creditors, along with political and monetary instability, has led to the need for reserves to be placed in something that holds its value, as the dollar is no longer reliable.
  • 16:53 The speaker believes that the current regime’s actions indicate the nation is becoming a Banana Republic and suggests adopting a gold-backed currency during recessions to combat intentional economic and societal problems caused by those in power.
    • The speaker believes that the current regime’s actions, such as arresting the previous regime and embracing free money, indicate that the nation is becoming a Banana Republic, and suggests that countries should adopt their own currency backed by gold during recessions.
    • They are not incompetent but malevolent, intentionally causing problems with the economy and society to maintain power.
  • 18:50 Recessions expose the flaws in the capitalist system, as the Federal Reserve’s actions to bail out banks and guarantee deposits undermine market forces, making a depression necessary to reintroduce gold as a backing currency, but unlikely due to a lack of willingness, despite the unsustainable situation of record debt and increasing consumer debt.
    • During a recession, the Federal Reserve’s actions to bail out banks and guarantee deposits undermines the principles of capitalism and market forces, leading to a troubling situation for the country.
    • A depression is needed to clear out imbalances and reintroduce gold as a backing currency, but it is unlikely to happen due to a lack of willingness.
    • Record debt, soaring servicing costs, and increasing consumer debt indicate an unsustainable situation that will eventually collapse.
  • 22:35 Recessions are the best time to buy gold and invest in the right sectors for the upcoming bull market.
    • Recessions are the best time to buy gold, and Michael Pento offers portfolio strategies to preserve and protect your money during economic downturns.
    • Recessions are the best time to buy gold and invest in the right sectors for the upcoming bull market.

Pepe Escobar: BRICS Summit DESTROYS Neocons as New Currency and Expansion Top Agenda

Danny Haiphong ... (From August 22)

Quick Summary Bullets:

Key insights

  • Despite internal challenges, the BRICS bloc is rapidly advancing in the geo-economic realm, indicating its determination to move forward at a fast pace.
  • The compromise reached at the BRICS Summit shows the determination of Russia and China to assert their influence in the global South, despite opposition from the US and other Western powers.
  • The BRICS countries are working towards creating a new trade settlement currency that can bypass the dominance of the US dollar.
  • The BRICS bank holds significant importance, emphasizing the need for cooperation and financial support among member countries.
  • The BRICS Development Bank aims to diversify loans and financing in currencies other than the dollar and euro, signaling a potential shift away from traditional global currencies.
  • The geopolitical and economic implications of the BRICS Summit are still highly significant, despite any potential challenges or uncertainties.
  • The upcoming BRICS Summit is expected to be a game-changer, with the potential to have a major impact on global dynamics and challenge the existing power structures.
  • The preparation for the BRICS summit is extremely challenging, as it requires the Sherpas to navigate the intersection of geoeconomic and geopolitical platforms within BRICS, while also considering external pressures and the long-term implications of their decisions.

Transcript Summary:

  • 00:00 South Africa faced pressure to exclude Putin from the BRICS Summit, while internal issues within the BRICS countries, especially China and India, need to be resolved to prevent external interference.
    • South Africa faced pressure from the West to not allow Vladimir Putin to attend the upcoming BRICS Summit due to potential arrest by the ICC, and there are internal problems among the BRICS countries regarding the implementation of a new currency, highlighting weaknesses in their geopolitical leadership.
    • The speaker discusses the complex challenges and internal geopolitical problems faced by the BRICS countries, particularly China and India, and the need for them to be resolved in order to avoid external interference.
  • 02:49 The BRICS Summit tackled issues like China-India rivalry, with Russia as mediator, and discussed the impact of outside interference, resulting in compromises and Russia’s significant role in financial and trade decisions.
    • The BRICS Summit addresses complex issues such as the rivalry between China and India, with Russia acting as a trusted mediator, and the impact of outside interference, as seen in South Africa’s compromised solution due to hybrid war techniques.
    • The compromise reached at the BRICS Summit allowed Putin to be represented by Lavrov physically and by video conference, with Russia having a significant role in major decisions, particularly in the financial and trade settlement discussions.
  • 05:14 BRICS summit focuses on reducing US dollar dominance in global financial system, exploring new trade settlement currency, and expanding membership to create a new balance of power in West Asia and energy sector.
    • The BRICS summit will not announce a new currency next month in South Africa because they have not studied the details and it is impossible to start a new currency.
    • BRICS countries are working towards creating a new trade settlement currency that can bypass the US dollar and reduce its dominance in the global financial system.
    • BRICS is expanding and considering new members like Algeria, Saudi Arabia, Iran, the Emirates, and Egypt, which will create a new balance of power within the organization, particularly in West Asia and the energy sector.
  • 08:41 The BRICS leaders discussed bypassing the US dollar and praised Putin, showing positive interactions and a shared understanding of their goals at the 2014 BRICS Summit in Brazil.
    • Brazil and South Africa face geopolitical challenges and limited maneuverability, which affects their influence within the BRICS and globally, particularly in relation to the BRICS bank.
    • The BRICS leaders had a secret conversation where they discussed bypassing the US dollar and their interactions were positive, with Putin being praised, and they are in sync and know where they are coming from, as mentioned in their official introductions at the 2014 BRICS Summit in Brazil.
  • 10:57 Russia is looking to diversify loans and financing in other currencies, bypassing the dollar and the euro, while the NDB’s cautious approach highlights the difference between its geo-economic approach and the geopolitical approach of BRICS.
    • Russia does not need BRICS development projects or loans as it is a major provider of capital, and they are trying to diversify loans and financing in other currencies, bypassing the dollar and the euro.
    • The NDB is proceeding cautiously due to scrutiny from various organizations and cannot grant loans to countries under American sanctions, such as Syria, which highlights the difference between the NDB’s geo-economic approach and the geopolitical approach of BRICS.
  • 14:00 The upcoming BRICS summit is expected to be a game-changer, with discussions on potential new members and expanding interactions, causing concern among US neocons, despite no new currency being established.
    • The potential addition of new members to BRICS Plus and the establishment of a mechanism for membership is a significant topic of discussion at the summit, but it is difficult to predict the actual results.
    • The addition of new members to the BRICS summit, including Iran, Saudi Arabia, and certain Latin American countries, is causing concern among the neocons and unilateralists in the United States, despite the absence of a new currency, and the upcoming BRICS summit is expected to be a significant game-changer.
    • Yi and Patrick Chef met in person for the first time after previous meetings, and there are rumors about why former Minister xinjiang was sidelined, but no one knows the truth yet.
    • The BRICS summit discussed national intelligence and security, as well as expanding interactions and conversations within BRICS plus, with no details or leaks on the procedure for expansion.
  • 18:31 The BRICS summit faces challenges in reaching consensus among Russia, China, and India, which could impact future developments, including the admission of new nations.
    • The speaker states that it is too early to speculate on the mechanism and number of nations that will be admitted to the list, as over 30 nations have already expressed interest and there will soon be an influx of African nations as well.
    • The difficulty of the BRICS summit lies in the need for Russia, China, and India to come to a common position on major issues, as demonstrated by the complications within the Shanghai Cooperation Organization, and if these internal problems are not resolved, there will be significant challenges in the future.
  • 21:05 Support my channel on Patreon to ensure its sustainability and upgrade equipment for better geopolitical analysis.

Neil Oliver: ‘…they’re dismantling our way of life!’

Neil Oliver ... (From August 25)

Quick Summary Bullets:

  • There is a similar feel now in paying attention to the authorities’ efforts to reshape the world, using any means to justify the relentless destruction and dismantling of the Western way of life.
  • The lack of consequences for those responsible for destructive actions and the erosion of rights and freedoms is a concerning issue, allowing perpetrators to continue causing harm without accountability.
  • The speaker highlights the backlash faced by those who criticized the lockdown policy, being labeled as lunatics, conspiracy theorists, and even granny killers, despite their concerns about the consequences for livelihoods and well-being.
  • While the public was locked in their homes, the government had access to research and data that showed there was nothing to fear, yet they still enforced strict measures.
  • “By now at least three hundred thousand and perhaps as many as half a million Ukrainian men and boys are dead and the country has been wrecked.”
  • “It’s calamitous Behavior by Authority undermining the foundations of Western life stoking anxiety and division between peoples.”
  • The transcript suggests that there is widespread corruption within the family of the President of the United States, with millions of dollars flowing into their bank accounts, while the questions surrounding this corruption are dismissed and ridiculed.
  • The mention of conspiracy theories highlights the idea that what was once dismissed as a conspiracy theory can eventually be proven true, with the time between theory and truth shortening.

Transcript Summary:

  • 00:00 The authorities are reshaping the world and relentlessly destroying and dismantling our way of life in the west.
  • 01:35 The ongoing transfer of wealth from the poor to the rich, erosion of rights and freedoms, and lack of consequences for perpetrators is causing irreparable damage to our way of life, like an incoming tide destroying a sand castle.
    • The ongoing transfer of wealth from the poor to the rich, along with the erosion of rights and freedoms, is a dangerous situation where perpetrators face no consequences for their actions, leading to a constant feeling that the damage caused will be irreparable.
    • The constant erosion of our way of life is like the incoming tide that eventually destroys a sand castle, and while those dismantling it only need to be lucky once, those trying to stop it must be lucky every time.
  • 04:50 Oliver initially trusted the government’s decision for lockdown but now realizes the negative consequences on health and the economy, calling out the wrongness of it, as almost half of all children have been damaged by lockdown and the severity of COVID-19 was exaggerated with fake images, leading many to believe it was no worse than the flu.
    • The speaker admits to initially trusting the government’s decision for lockdown but now realizes the negative consequences on health and the economy, and has been calling out the wrongness of it.
    • Almost half of all children have been damaged by lockdown, and the severity of COVID-19 was exaggerated with fake images, leading many to believe it was no worse than the flu.
  • 06:49 The government officials in number 10 Downing Street had access to data showing no need for fear during lockdown, but pushed unnecessary products resulting in a high death toll.
    • While the public was locked down and facing fear, the government officials in number 10 Downing Street had access to research and data that showed there was nothing to fear, and they even had to remind each other to follow COVID-19 protocols.
    • Unnecessary and unproven products were forcefully pushed on people, resulting in an unprecedented number of deaths, surpassing even those in times of war and natural disasters.
  • 08:56 The conflict in Ukraine, used as a proxy war by the West, has resulted in devastating consequences for the country and has led to economic repercussions for Germany and European countries, while the US played a significant role in the coup.
    • Russia invaded Ukraine and the West, particularly the US and NATO, used the conflict as a proxy war to weaken Russia and bring about regime change, resulting in the deaths of hundreds of thousands of Ukrainian men and boys and the destruction of the country.
    • The destruction of the north stream pipeline has severely damaged the German economy and made European countries reliant on expensive American Natural Gas, while Ukraine suffers and Victoria Newland, the acting U.S Secretary of State, played a key role in the coup in Ukraine.
  • 11:17 Our way of life is under threat as restrictions on mobility, increasing censorship, and the silencing of opposition are dismantling our society, along with concerns about the climate hoax, Central Bank digital currencies, and the undermining of Western life through military takeovers.
    • Victoria Newland is unhappy with the military takeover in Niger because France relies on Niger’s uranium for its nuclear industry, which is crucial for its power and economy, and this kind of behavior undermines Western life and creates division, along with other issues like the climate hoax and the introduction of Central Bank digital currencies.
    • There is a growing concern that our way of life is being dismantled, with restrictions on mobility and increasing censorship, while those in power continue to push their agendas and silence opposition.
  • 14:00 The mainstream media is now considering allegations of Hunter Biden’s involvement in foreign deals, which were initially dismissed as a Russian hoax, after evidence of millions of dollars flowing into the Biden family’s bank accounts emerged, highlighting a pattern of dismissed questions and conspiracy theories turning out to be true without any consequences for the perpetrators.
    • Authorities in the US, along with social and mainstream media, dismissed allegations of Hunter Biden’s involvement in foreign deals as a Russian hoax, but now the mainstream media is considering it.
    • Biden’s denials about his son’s business deals were proven wrong, with evidence of millions of dollars flowing into the Biden family’s bank accounts, and this is just one example of a long list of dismissed questions and conspiracy theories that turn out to be true, yet the perpetrators face no consequences.
  • 16:09 Oliver raises concerns about the destruction of our way of life and the lack of consequences for those responsible, while emphasizing the need for awareness and relentless efforts to oppose the theft of our rights and freedoms.
    • He discusses how the guilty parties behind the destruction of our way of life go unpunished, and questions arise about fires being intentionally set, highlighting the shift from conspiracy theories to truths being revealed in a shorter time frame.
    • Opposition to the dismantling of our lives, the theft of our cash, rights, and freedoms requires awareness, determination, and relentless efforts to prevent them from getting what they want.

Is The 2023 Rally Over? | Live Q&A w/ Wealthion's Endorsed Financial Advisors

Wealthion ... (From August 23)

This is our latest monthly live Q&A with Wealthion’s endorsed financial advisors — John Llodra & Mike Preston from Harbor, Michael Lebowitz from RIA,, and Jonathan Wellum from Canadian firm Rocklic Financial

Quick Summary Bullets:

Economic Trends and Market Outlook

  • “I don’t think so quite yet… signs that a recession’s coming on and I’m a firm believer there’s a recession coming.”
  • Active management and focusing on individual companies may become more important in the current market, rather than relying on sectors or ETFs.
  • “It’s our view that as this bear Market progresses it’s going to be moving a lot lower and probably staying there for an extended period of time.”
  • The fiscal stimulus in 2020 and 2021, with checks being given out and money being printed, has led to a different relationship between the fiscal side and the Fed, potentially resulting in high inflation and public backlash.
  • “I don’t see any reason to suspect that the long-term economic trends in this country, the productivity trends, the inflation trends have changed. They’ve temporarily changed because of everything that’s happened, but I don’t see any reason when we’re looking at 2026-2029 that those trends will still not be in place.”
  • “I think Michael if you’re a bit of a longer term investor you’re looking at this thing for the next couple of years. Then boy. We are really I think at the higher end and the returns could be quite substantial if you’re patient and uh you’re willing to to wait through some of the difficulties.”
  • The housing market in the US and Canada has experienced an unprecedented bubble, with prices increasing by 20 to 30% annually and doubling in the last five or six years.

Investment Strategies and Opportunities

  • The speaker believes that being positioned in bonds before a policy shift by the FED is crucial to not miss out on appreciation in the bond market.
  • Gold mining stocks are undervalued relative to the price of gold itself, making them a potentially profitable investment even if the price of gold doesn’t increase.
  • Gold is relatively inexpensive compared to other periods of time, indicating substantial upside potential and making it an attractive option for protecting purchasing power and wealth.
  • The exposure to copper and nickel in some of the royalty companies’ portfolios aligns with the growing demand for these base metals in the electric vehicle (EV) industry, indicating a long-term investment strategy.

Global Economy and Geopolitical Risks

  •  The impact of China’s economic struggles extends beyond its borders, affecting financial markets worldwide and highlighting the interconnectedness of the global economy.
  • The meeting in Johannesburg is discussing the creation of an alternative Trade Currency, which could potentially be a major shift in direction and a turning point away from the dominance of the US dollar.
  •  The Wealthion conference lineup includes Lacy Hunt as the keynote speaker, indicating the high quality of the event.
  • Kyle Bass will discuss the biggest geopolitical risks to the global economy, highlighting the potential impact on financial markets.

Transcript Summary:

  • 00:00 The financial advisors discuss whether the stock market rally is over, with one advisor predicting a recession, and emphasize the importance of monitoring employment as a key indicator, caution in the market, and focusing on businesses with better valuations and sustainability.
    • The financial advisors discuss whether the rally in the stock market is over and express differing opinions, with one advisor believing that a recession is coming.
    • The stimulus and behavioral patterns have had a longer-lasting effect on the economy than expected, and rate hikes take time to impact the economy, so the stock market will likely peak when signs of a recession become more evident, with employment being the key indicator to watch.
    • Michael will be discussing the latest data on the Hope framework at a conference, specifically focusing on the employment side, and there is a question of whether the rally is over or if there will be another resurgence.
    • Most companies are expensive and caution is needed in the market as interest rates are impacting spending, there are slowdowns in the economy, and companies are experiencing little growth, so it will be a tough battle for higher valuations, with only a limited number of companies driving the market up, and it is important to focus on businesses with better valuations, high free cash flow yields, and sustainability in order to weather a tougher environment and increased cost of capital.
    • The speaker discusses the likelihood of recession and the importance of active management in the current market, emphasizing that the employment picture is a lagging indicator.
    • The speaker apologizes for a technical issue and proceeds to show a chart.
  • 09:34 The US employment rate dropping and the S&P breaking through the 50-day moving average suggest a potential recession and market decline, with a near-term target of 4200-4100 and emphasis on picking individual stocks due to sector dislocations.
    • The US employment rate typically drops right before recessions, so it’s not surprising that there is talk of a recession despite the current positive employment picture.
    • The S&P has experienced a pullback, breaking through the 50-day moving average, and it is crucial to see if it can convincingly break through that level to determine the future direction of the market.
    • The speaker believes that the market may falter and suggests a near-term target of 4200-4100, emphasizing the importance of picking individual stocks due to dislocations in sectors, while acknowledging that the overall market is overvalued.
    • The market rally likely ended a long time ago and as the bear market progresses, prices are expected to move lower and stay there for an extended period of time.
  • 13:55 The speaker discusses the impact of interest rates on bonds, the possibility of another bubble and inflation cycle, and the downward trend in GDP and inflation, ultimately concluding that long-term economic trends will lead to lower interest rates and bond yields in the future.
    • Vigilance remains key in considering interest rates and their impact on bonds.
    • The speaker discusses the possibility of the Federal Reserve continuing to manipulate interest rates in the future, regardless of public awareness or potential economic cycles.
    • The speaker discusses the potential for another bubble and inflation cycle due to the fiscal response to a recession, but currently, there is a positive effect on stock prices from QE and the public backlash against the Fed seems minimal.
    • The speaker discusses the downward sloping trend lines of GDP and inflation over the past 40 years, attributing it to unproductive debt in the system and a shrinking growth rate, and questions whether anything has changed in recent years with the addition of stimulus and debt, ultimately concluding that the trends are worse off today due to an increase in nonproductive debt and worsening demographics.
    • Long-term economic trends, including productivity and inflation, are expected to remain unchanged, leading to lower interest rates and bond yields in the future.
    • Interest rates could potentially go back to sub 1%, which would result in a significant gain, but even if they don’t, a 4.25% coupon for the next 10 years would still outperform stocks, and if rates continue to rise, it could further break the economy and push rates lower in the short run.
  • 23:36 The speaker believes that while there may be temporary volatility in the stock market, central banks will eventually ease up on monetary policy due to global pressures, cautioning against unsustainable government spending and potential currency devaluation.
    • Raise your finger if you have something to add, and Michael and Jonathan will respond to a comment about the stock market trading lower before the financial crisis.
    • The speaker believes that while there may be a temporary surge in the supply of bonds, the government will do what it takes to keep interest rates low and manage the debt, and that the current trend of increasing interest rates may not continue indefinitely due to historical patterns and the high level of indebtedness.
    • Investors should be patient and selective in their investments, as the speaker believes that central banks will make mistakes, causing volatility in the stock market, and that global pressures, such as Europe’s lack of growth and China’s command economy, will eventually lead to the need for the FED to ease up on monetary policy, while also cautioning against the unsustainable government spending and the potential devaluation of currencies.
    • The speaker emphasizes the importance of recognizing the lag effect in the market and warns against complacency, stating that at some point there will be a breaking point and central banks will have to react by lowering rates, which could lead to significant changes in the market.
    • The speaker discusses the impact of the FED’s policy change on bond prices and advises being in a bond position before the shift to avoid missing out on appreciation, while also mentioning the potential for interest rates to rise in the short term.
    • Long-term bonds are likely to experience a bounce in the near term, but the speaker believes that the bond market will face challenges in the coming years, and suggests that 10-year treasury bonds may outperform the S&P 500 over the next decade, while also noting that the tech sector could be impacted by interest rate increases.
  • 34:18 China’s struggling economy and real estate market could have a significant impact on the global financial system, with concerns about contagion and spillover effects, making it important to be cautious when investing.
    • The speaker shifts gears to address questions about gold and asks for feedback on the live format.
    • China’s real estate sector is facing significant issues, with major companies like Evergrand bank and Country Garden entering default, which could have a significant impact on the global financial and banking system.
    • China’s struggling economy and real estate market, which has been a long-standing issue, is having a significant impact on the global economy and financial markets, as China was a major driver of economic growth for many developed nations.
    • China’s slowing economic growth and potential capital flight could have negative effects on the US and global economies, with concerns about contagion and spillover effects.
    • China’s exposure to global growth, interest rate increases, and attempts to slow down the economy, along with the misallocation of capital in the real estate market, are reasons to be cautious and watchful when investing.
    • Will there be a significant housing price correction in North America due to higher interest rates, or will we be able to avoid it?
  • 44:06 Housing market bubble in the US and Canada, with potential 20-30% pullback predicted, as bidding wars end and higher interest rates impact prices, leading to a gradual decline followed by a sudden correction similar to a stampede.
    • A meeting is taking place in Johannesburg to discuss the creation of an alternative trade currency called “bricks currency,” with Saudi Arabia and other countries being applicants, and the outcome of the vote could potentially be a significant shift in the markets and the end of the US dollar’s dominance.
    • Housing prices in the US and Canada have been in a bubble, with significant increases in the past few years, but there hasn’t been much of a pullback yet, although bidding wars may be ending due to higher interest rates.
    • The speaker predicts a potential 20 to 30% pullback in the housing market and a larger one in stocks, with housing likely to follow the stock market’s decline by 3 to 6 months.
    • House prices are currently being kept up because people don’t want to sell their homes with low mortgage rates, but once the market fully opens up, prices are expected to fall.
    • Organic transactions, such as deaths, divorces, and job losses, will gradually lead to price discovery and erosion of home equity, prompting some homeowners to sell and potentially initiating a market cascade, especially for those without mortgages.
    • The housing market may experience a correction that starts slowly and then happens suddenly, similar to a stampede.
  • 50:41 Gold and gold mining stocks have potential for growth due to monetary policies and concerns about purchasing power, but it’s important to have a diversified portfolio; investing in the gold sector and energy stocks, particularly Exxon, could be favorable opportunities.
    • Gold and gold mining stocks are an important part of the equation, but they could be affected by a massive selloff in various asset classes, although it may be short-lived.
    • Gold mining stocks are undervalued compared to the price of gold itself, and even if gold prices don’t increase, there is still potential for a rise in gold mining stocks due to monetary policies and the pressures on fiat currencies, but it’s important to have a properly diversified portfolio.
    • Gold is relatively inexpensive compared to other periods of time, and there is substantial upside potential due to concerns about purchasing power protection, the Fed’s need to print money, and central banks buying gold for currency stability.
    • The speaker discusses their investment strategy, which includes buying miners and predominantly royalty companies that generate substantial free cash flow and have exposure to silver, copper, and nickel, which are in high demand for the EV transition.
    • Investing in the gold sector is a good opportunity as some companies have been beaten down and the energy sector is also favorable, although it is tied to the economy and may be affected if the economy starts to decline, but in the long run, energy stocks are cheap and Exxon’s diversification into non-carbon energy makes them a sensible choice.
    • The speaker encourages viewers to seek the guidance of endorsed financial advisors and offers free consultations to help them make informed investment decisions.
  • 01:00:12 The Wealthion conference is happening soon and will feature high-level presentations from Lacy Hunt and discussions on various topics including interest rates, the global economy, inflation, housing market, bond market, natural resource investing, commodity plays, and the energy sector; register now for a discounted price and provide feedback for improvement.
    • The Wealthion conference is coming up and will feature Lacy Hunt, who gives high-level presentations that are worth attending.
    • James Grant, Mike Cantrowitz, Kyle Bass, Stephanie Pomboy, Ivy Zelman, Nick Jerley, Amy Nixon, Michael Lieberwitz, and Rick Rule will discuss various topics including interest rates, the global economy, inflation, housing market, bond market, natural resource investing, commodity plays, and the energy sector.
    • The video discusses the opportunity and bright future of nuclear investing, with various advisors joining the lineup for a power-packed faculty.
    • Register for the Wealthion conference to get a discounted price, and if you’ve attended before, check your email for an additional discount code; feedback on the format and suggestions for improvement are welcome.

Andy Schectman: Silver Premiums Low As Banks Get Downgraded Again

Arcadia Economics ... (From August 24)

Quick Summary Bullets:

Historical Value and Importance of Gold and Silver

  • “The one thing that I would say I learned over all of these years that I would say is an absolute is that bull markets go higher than anyone ever thinks possible and bear markets fall further than anyone ever thinks possible.”
  • Despite the volatility and instant gratification of other investments, gold and silver have maintained their value over time.
  • Gold and silver have maintained their purchasing power over the years, with silver increasing eightfold and gold increasing eight or nine times since the speaker started their business.
  • “Gold and silver have never been more important, with a 5,000 year history of maintaining purchasing power over time, despite their lack of movement in relation to the current narrative or environment.”
  • “A system that lacks trust and that’s what gold is. Even Herbert Hoover said it you know almost 100 years ago that that’s why we hold it and you know it’s an asset that is no one’s liability.”
  • “When you can buy metal right now at the lowest premiums that we’ve seen in four years and the best availability… it should be impossible to get, everyone should be buying it to own a piece of it in their portfolio.”
  • “Gold and silver will be what it always has been, an island of safety in the world of insanity.”
  • “When you couldn’t even find it at all in the first quarter, that was indicative of people gobbling up whatever wasn’t nailed down.” – Andy Schectman suggests that the high demand for silver in the first quarter led to scarcity, emphasizing the strong interest in acquiring the precious metal.

Concerns about the Banking System and Economic Stability

  • The Dodd-Frank law states that banks should be bailed in, not bailed out, which could lead to a rise in premiums and demand for silver as people lose trust in the banking system.
  • “If we allow the banks to control the money first by inflation and then by deflation, they will own everything.” – Thomas Jefferson’s warning about the potential consequences of banks’ control over the economy.
  • “The probability of these things happening or accelerating and this is why I think the biggest money in the world has been making an overt and methodical push to accumulate gold and silver using the Western suppression of price to run cover.”
  • “The handwriting is on the wall, and people need to realize that there has never been a greater reason to protect themselves against the ultimate dollar collapse.”
  • The potential impact of a dollar devaluation and interest rate spike on various markets, including real estate, bonds, and businesses, could be devastating.

Transcript:

  • 00:00 Premiums for silver are at their lowest in four years, with gold and silver expected to have their moment in the sun as central banks and commercial banks rush into them due to the economic consequences of easy money and low interest rates.
    • Premiums for silver have stabilized at rock bottom, the lowest they have been in four years, according to Andy Schechman of Miles Franklin.
    • Silver prices have significantly increased over the years, with the speaker reflecting on the unpredictability of bull and bear markets and the significant rise in silver prices since they started in the industry.
    • The speaker discusses the fluctuating value of the Nikkei and Dow Jones, highlighting the instant gratification mindset in investments due to the increase in money supply and interest rate suppression.
    • Gold and silver have maintained their purchasing power over the years, with silver increasing eightfold and gold increasing eight or nine times, and while the West has suppressed their prices, the speaker believes that we are leaving that environment and gold and silver will have their moment in the sun, but we should be cautious about the accompanying environment.
    • Gold and silver’s 5,000 year history of maintaining purchasing power makes them important, despite their lack of movement, as central banks and commercial banks are rushing into them in anticipation of the economic consequences of easy money and low interest rates.
    • Silver has consistently maintained its purchasing power over the years, despite its slow and frustrating nature, so it is important to hold on and trust your instincts.
  • 07:37 Premiums for physical silver are at their lowest levels in four years, making it a good time to buy gold and silver due to global uncertainties and potential bank downgrades.
    • The stock market experienced significant growth in the past decade due to the effects of zero percent interest rate policy, with the NASDAQ doubling in value in a year and a half, while the expected impact on the silver market has not yet occurred.
    • The recent downgrade of regional banks due to a sharp rise in interest rates and the decline in deposits held by the Federal Reserve as they tighten their monetary policy will have effects on the markets.
    • Premiums for physical silver have stabilized at their lowest levels in four years, making it an opportune time to accumulate gold and silver due to the current global uncertainties and potential bank downgrades.
    • The move away from the dollar and the lack of trust in governments is increasing the importance of gold and silver as assets with no counterparty risk.
  • 11:59 Premiums and demand for silver will rise as banks face potential failures and bail-ins, leading people to seek alternative investment options with higher returns.
    • Premiums and demand for silver will rise as banks face potential failures and bail-ins, leading people to seek alternative investment options with higher returns.
    • If banks continue to control money through inflation and deflation, they will eventually own everything, as evidenced by the current situation where people have loaded up on assets using debt and low rates, but when things slow down and rates rise, banks collapse, people leave for safer options, and small businesses and companies fail.
    • As job losses increase and interest rates rise, there is a potential for a significant economic collapse, leading to defaults and banks owning assets at low prices.
  • 15:49 The current environment of rising interest rates and potential currency devaluation is causing the value of gold and silver to increase as a form of wealth and protection, with the probability of banks and the economy deteriorating and gold and silver prices being suppressed.
    • The current environment of higher interest rates, rising rates, and the possibility of countries moving away from the dollar due to massive deficits and dwindling tax receipts is causing the value of gold and silver to increase as they are seen as a form of wealth and protection against a potentially worthless currency.
    • Premiums and prices don’t matter, but it is important to see through the rhetoric and trust your gut, as the probability of banks, the economy, property, and the suppression of gold and silver prices accelerating is high, leading to the biggest money in the world accumulating gold and silver.
    • Big moves like the one in silver prices are slow and complex, and it’s important to pay attention to what’s happening beneath the surface rather than getting frustrated with the lack of immediate results.
  • 18:51 Metal premiums at 4-year low despite the need to buy; banks downgraded, highlighting the importance of protecting against potential dollar collapse.
    • The union of the Eurasian economic Union and the Shanghai cooperation organization joining together with the bricks will form a strong alliance, as seen with India trading oil with Abu Dhabi for rupee instead of dollars.
    • Metal premiums are currently at their lowest in four years, despite the fact that everyone should be buying it to own a piece of it in their portfolio.
    • Banks are being downgraded and there is a risk of failure, so it is important to protect oneself against a potential dollar collapse.
  • 21:43 Rising interest rates could have a devastating impact on markets and businesses, emphasizing the importance of investing in gold and silver as a safe haven; junk silver supply is becoming harder to find, but now is a good time to buy with low premiums and availability, as obtaining pre-65 silver will become increasingly difficult in the future.
    • The rising interest rates could have a devastating impact on the real estate and bond markets, as well as on businesses’ ability to access cash and operate.
    • Schectman expresses concern about the future of the country and emphasizes the importance of investing in gold and silver as a safe haven in a world that is becoming increasingly chaotic.
    • Junk silver supply is becoming increasingly harder to find, although it is available in limited quantities.
    • During the bank failures in March and April, there was a high demand for silver, but now the premiums have come down and it is available, although not plentiful, making it a good time to buy with the lowest premiums and best availability.
    • Premiums on pre-65 silver have reached double digits in the past, and with the passing of laws in various states allowing legal tender coins to be used for all debts, obtaining pre-65 silver will become increasingly difficult, but the public will only truly wake up to the importance of silver when faced with a bank bail-in.
  • 26:54 Silver premiums are currently low and there is great availability, but the increasing strain on banks and concerns about the value of the dollar could lead to a reversal, making silver a good investment option.
    • Bank failures are imminent and the lack of oversight and bailouts of certain banks, such as Silicon Valley Bank and Signature Bank, raise questions about compliance and risk management.
    • Yellen’s statement about the money markets investing in the overnight reverse repo Market, along with the increasing strain on banks, suggests that there will be a bank bail in, leading to changes in availability and premiums, and making silver a good proxy for market demand.
    • Silver premiums are low and there is great value and availability, but the fragile environment could lead to a reversal and the likelihood of events causing this is increasing.
    • Premiums on silver are determined by supply and demand, with the current fear of the value of the dollar driving up the premium on junk silver due to its utility as a trading and bartering tool.
    • The high premiums on junk silver reflect the strong demand for it due to people’s concern about the stability of the US dollar and the limited supply of junk silver available.
    • Silver premiums were high in the past four years due to concerns about the world, but currently, prices and availability are attractive, indicating that people have short memories.
  • 32:45 Silver premiums are currently low as banks get downgraded again, making it a good time to add to your silver stack, but there are concerns about other events happening in the world.
    • Silver premiums are currently low, making it a good time to add to your silver stack, with various silver products available for immediate delivery.
    • Prices for various items are currently low compared to previous years, and it is a good time to make purchases, but there are concerns about bank downgrades and other events happening in the world.
    • Silver premiums are low as banks get downgraded again, and the speaker predicts that the fall and the next 14 months leading up to the election will be interesting in the industry.
    • BlackRock has made progress this year with their gold, silver, and lithium projects, and they have partnered with tierlack resources for the drilling and development of their lithium deposit in Tonopah North.

Marin Katusa- Is The U.S. Dollar Going To Zero? How Superpowers Rise And Fall

David Lin ... (From August 21)

Quick Summary Bullets:

The role and impact of the US dollar in global trade and geopolitics

  • “One of the themes that we examine in global geopolitics is the theme of de-dollarization, one of the facets of de-dollarization is the weaponization of the dollar.”
  • Other countries are seeking alternatives to the US dollar to avoid being subjected to US sanctions and the weaponization of the dollar.
  • “They can’t just reinvent it to the Juan and if and if the one is so strong why don’t they depeg you know everyone talks about this you know where they’re going with the remimbi well then why don’t they DPAC because they know the reality.” – The US dollar’s strength and stability compared to other currencies like the Chinese yuan is a significant factor in its global dominance.
  • The global economy heavily relies on the US Dollar, making it the prime currency for international trade and negotiations.
  • The speaker believes that investing in the U.S. and positive swap line nations is a no-brainer compared to the risks in other nations, highlighting the potential for capital velocity.
  • Nations trading commodities prefer the stronger US dollar, even if their domestic currency is depreciating, emphasizing the importance of the dollar in international transactions.

The potential rise of the United States in resource production

  • The revolution in American fracking technology has had a significant impact worldwide, extending beyond the energy sector to other resources like uranium and lithium.
  • The speaker highlights the potential for the United States to rise in terms of resource production, citing the country’s untapped resource endowment and the presence of high-grade gold mines and large producing mines for various commodities.
  • Companies are investing in safe jurisdictions like North America and Australia to de-risk their portfolios and protect their investments in the natural resource sector.
  • The use of advanced technology has the potential to greatly enhance the productivity and output of various industries, as seen in the 60-fold increase in uranium production in Kazakhstan within 20 years.
  • The U.S. has massive deposits of rare earth elements, indicating a potential rise in the mining sector and a shift away from emerging markets.

Concerns and debates about the future of the US dollar

  • “The dollar will soon become as disposed as toilet paper.” – The controversial claim that the U.S. dollar is on the verge of losing its value.
  • The speaker argues that the American dollar is not going to collapse, countering the belief of gold bugs.
  • The rising debt and deficit levels, partly due to MMT and decades of overspending, will eventually have consequences that need to be addressed.

Transcript Summary:

  • 00:00 Despite concerns, the US dollar is not going to zero due to global alliances, technological advancements, and energy transitions, and gold remains a good investment; however, income inequality, rising costs, and limited options may lead to frustration and the need for solutions like modern monetary theory.
    • Katusa disagrees with the idea that America is losing its luster and argues that despite the issues, the reality is quite the opposite.
    • The US dollar is not going to zero because of the global alliances, technological advancements, and energy transitions happening worldwide, as discussed in the book written by the speaker.
    • Gold is a good investment despite potential deflationary pressures on commodities, and America’s resource-rich areas and technological advancements in mining suggest that the country’s decline is not imminent.
    • The speaker argues against the belief that the U.S. dollar is collapsing, stating that facts outweigh ideology, and discusses the relationship between modern monetary theory, income inequality, and the current state of the housing market in North America.
    • The increasing barriers to ownership, rising costs of living, and limited options for the masses will lead to frustration and the libertarian solution is not viable.
    • MMT will be a solution to prevent riots and will gradually incorporate new ideas into the system, potentially causing inflation and further devaluation of the dollar.
  • 07:28 The decreasing cost of technology allows for better apps at a lower price, while MMT may be a solution for deflationary markets, but blurring the lines between monetary, fiscal, and political policy could lead to consequences for rising debt and deficits.
    • The cost of technology is decreasing, allowing for more computing power and better apps at a lower price.
    • MMT may be the solution for a deflationary market, but blurring the lines between monetary, fiscal, and political policy could lead to consequences for rising debt and deficits.
  • 10:00 The US dollar is declining, so it’s important to invest in tangible assets like housing and gold, but be cautious of politically unstable jurisdictions; other countries are seeking alternatives to the dollar, but currently there is no viable alternative currency.
    • The government will continue to delay addressing the issue of the declining US dollar, so it is important to invest in tangible assets like housing and gold, but be cautious about holding these assets in politically unstable jurisdictions due to the trend of de-dollarization and the weaponization of the dollar.
    • Peers and adversaries of the US are seeking alternatives to the US dollar due to concerns about sanctions and the weaponization of the dollar, but currently there is no viable alternative currency.
    • Nations like India will join other countries in diversifying their assets and investments, but they will not abandon the US dollar due to its technological advancements and investments in infrastructure.
    • The US dollar remains strong despite the challenges in America, and other countries like China are dependent on it for their economic growth.
    • Be cautious of geopolitical risks in politically unstable jurisdictions as governments may take assets from foreigners through nationalization or increasing taxes, as seen in the lithium sector in Chile.
    • The demand for commodities and the desire to de-risk portfolios are driving companies like Glencore to invest in North America and Australia.
  • 16:17 The US dollar may not be dethroned, but the US could achieve GDP growth with inflationary and deflationary pressures, making investing in the US and positive swap line nations a better option due to abundant natural resources.
    • The BRICS nations are considering expanding their membership to other countries, and the Prime Minister of the most populous nation, China, has openly expressed interest in this.
    • Many nations are seeking investment, but the US dollar remains the dominant global currency.
    • The US dollar may not be dethroned, but the US could potentially achieve a GDP growth rate of 2.5-3% with the possibility of both inflationary and deflationary pressures.
    • Investing in the US and positive swap line nations is a better option compared to other nations due to the abundance of natural resources like lithium and uranium.
  • 19:59 The US dollar is preferred for trading commodities due to its strength, while countries like China and Chile have an advantage in production due to their abundant resources.
    • American technology has greatly increased production in Kazakhstan and Utah, but there is still a lack of modern technology in certain areas.
    • There are massive deposits of gold and rare earth elements in the US and other countries, and it was more profitable to invest in emerging markets in the past, but now it is possible to return to North America for mining.
    • The reason why countries like China and Chile are ahead in terms of production of commodities like copper is because they have abundant deposits and have been aware of these resources for a long time.
    • The US dollar is preferred by nations trading commodities because it is stronger than their depreciating domestic currencies.
  • 24:26 The US government is working on increasing domestic production of critical metals, but obtaining permits for new mines, especially for nuclear materials, is difficult; however, the supply chain of critical minerals is being secured through initiatives and bids, and while China’s weak growth may impact investments in critical metals, the demand for lithium from automakers like Tesla is expected to remain stable.
    • The US government is working on increasing production of critical metals domestically, particularly in areas with existing mines, but the process of obtaining permits for new mines, especially for nuclear materials, has become more difficult and is unlikely to become easier.
    • The process of reinvesting in the U.S. oil patch and the development of fracking took many years before it became successful.
    • The US government is implementing an initiative to secure the supply chain of critical minerals by offering bids to companies, as seen in the example of uranium production, where there has been a significant decrease in production but it does not mean that uranium has disappeared.
    • Investors are concerned about the impact of China’s weak overall growth on their investments in critical metals, particularly copper, but the demand for lithium from automakers like Tesla will likely remain stable.
  • 28:33 Be cautious when investing in mining projects with high capital expenditure and permitting delays, focus on past producing areas with analog data and utilize new technology to identify potential mining districts; consider political risks and metallurgy, and prioritize copper, gold, uranium, and lithium over iron ore. Additionally, nuclear power is experiencing global growth with China, India, Russia, and the Middle East investing in it, while Germany shuts down its nuclear power plants but imports power from France.
    • 350 is a breaking point due to high capexes and permitting delays in Chile and Argentina, where money is difficult to get out due to fixed exchange rates and taxes, but there are still valuable copper deposits globally.
    • Government interference in companies like Rio Tinto in Mongolia can be rare but significant, so it’s important to consider increasing your discount to your net asset value when investing.
    • To succeed in the mining industry and meet the rising global demand for critical minerals, it is important to focus on past producing areas with analog data, digitalize the information, and utilize new technology to identify true mining districts with a large-scale potential for long-term success.
    • Investors should be cautious about investing in projects that require permits and have high capital expenditure, and should consider the type of metallurgy and political risks involved, with a focus on copper, gold, uranium, and lithium rather than iron ore.
    • Nuclear power is experiencing a global shift with China, India, Russia, and the Middle East investing in it, while Germany shuts down its nuclear power plants but imports power from France, indicating that nuclear energy is here to stay and will continue to grow.
  • 33:54 China’s rise as a superpower and the potential decline of the US dollar is inevitable, but investing in defense, cybersecurity, and lithium supply is advised to go along with the current trend.
    • Marin Katusa publishes weekly free research at katusaresearch.com, which includes missives and videos, and has been publishing for many years.
    • China’s rise as a superpower and the potential decline of the US dollar is inevitable, but investing in gold as a hedge against this shift is not correlated to one’s investment horizon, and the housing issue in China and the actions of its leader, Xi, will be a significant catalyst to watch.
    • The US dollar’s value may be influenced by factors such as tracking commodity prices, the stability of the economy, and the actions of bureaucrats, which could have implications for China and other countries.
    • Investors should consider investing in defense and cybersecurity as the capital is likely to flow in those areas, and there is a growing demand for lithium supply from auto manufacturers like GM, Tesla, and Ford in the U.S.
    • The US dollar is currently attracting capital from both external forces and the US government, and it is advised to go along with this trend rather than fight against it.

Col. MacGregor tells Tucker Carlson - “If we press this with Russia, it will reach us here in the US”

Tucker Carlson Episode 18 ... (From August 22)

  • Carlson begins with a bold statement: “pretty much everything that NBC and The NYTimes have told you about the war in Ukraine is a lie.”
  • “‘The Russian army is incompetent’ – they claim. ‘Ukraine is a Democracy!’ ‘Vladimir Putin is Hitler and he’s trying to take over the world!’ ‘Thankfully, the Ukrainians are winning.’
  • “Every claim is false, the last one especially,” said Carlson, adding “the Ukrainian army is not winning – in fact, it’s losing badly. Ukraine is being destroyed. Its population is being slaughtered.”
  • “Most American know nothing about Ukraine,” Macgregor continued, adding that “if they knew anything about the history of Eastern Europe, they would all say ‘get out!’… because the wars and the blood and the hatred that’s been fought over for centuries is something we can’t sort out.”
  • Macgregor’s comments grow more ominous in their tone as the discussion continues.
  • He notes that President Biden has enabled ‘combat pay’ which implies there are American forces on the ground in Ukraine.
  • “It would be a mistake to think that the Russian forces do not know where they are,” the retired colonel explains, pointing out that the Russians are sending a message with recent precision missile strikes near the borders of Poland and Moldova:
    • “if you think you can hide from us, if you come in here, if you cross these borders, we will annihilate you.” 
  • We need to come to terms with these realities because we can’t defeat it,” he remarked reflecting on the fact that people have called him ‘unpatriotic’ for his comments.
  • He summed the situation in Ukraine up rather succinctly:
    • “if we press this war with Russia in Central East Europe, it will reach us here in the United States.”

Who Just Bet On Market CRASH? | Bob Moriarty

Liberty and Finance ... (From August 23)

The rich are preparing for a market crash and individuals should invest in precious metals as insurance against financial chaos.

Quick Summary Bullets:

  • “In 1929 the rich guys knew something bad was going to happen. The guy in the street didn’t have a chance. Today. The rich guys still know something’s going to happen but guides on the street do have the advantage they’ve got access to more information that we’ve ever had in history.”
  • Bob Moriarty believes that the crash has already started or is in its second leg, suggesting a bearish outlook on the stock market.
  • Silver’s price increased by 150% in six months, highlighting the potential for significant gains during market downturns.
  • “The Chinese market in general is a total disaster. It’s all fraud and how will that impact the U.S I mean it is a Chinese company but obviously the financial system is very interconnected.”
  • The FED’s pumping of money into the system will eventually lead to the economy being blown up, resulting in hyperinflation.
  • Moriarty predicts a market crash in the September-October region, suggesting that the best time to buy resource stocks will be during that period.
  • “The crash has started.” – Bob Moriarty’s previous claim about the stock market crash starting after posting a video in December 2021 adds credibility to his insights on market trends.
  • “Gold is good money and we will go back to a gold standard, not because anybody wants to, but because we have to.”

Transcript Summary:

  • 00:00 The rich are preparing for a market crash, with Bob Moriarty discussing the Evergrande bankruptcy, Michael Burry’s bets against the S&P 500, and the upcoming BRICS meeting, suggesting that the crash has already begun and referencing Burry’s prediction of the 2008 crash.
    • The rich know something bad is going to happen, but regular people have access to more information than ever before, and in this video, they discuss a special offer on silver buffalo rounds.
    • Bob Moriarty discusses the current state of the stock market, including the Evergrande bankruptcy in China, Michael Burry’s bets against the S&P 500, and the upcoming BRICS meeting, noting that he believes the crash has already begun and referencing Burry’s prediction of the 2008 crash.
    • Michael Murray bet 1.6 billion dollars on a market crash in June, and although he would have lost money in July, the market has since gone down, making it a good idea to be on the same side as him.
  • 03:41 The stock market is in a downturn, presenting opportunities for investors, while China’s economic troubles could impact the US market, and the upcoming BRICS meeting is significant for gold prices and potential new members.
    • The stock market is currently in its second leg of a downturn, with the first drop occurring in 2021, and the speaker emphasizes that market crashes present great opportunities for investors.
    • China’s economy is a house of cards, with the bankruptcy of its second largest property developer and the interconnectedness of the financial system, leading to potential impacts on the US market.
    • The upcoming BRICS meeting is not expected to have an immediate impact on gold prices, but the number of countries interested in joining BRICS is important.
  • 08:14 There will be both deflation and hyperinflation due to the Federal Reserve pumping money into the system, leading to an economic collapse and a return to quantitative easing; stock up on food now and invest in precious metals as insurance against financial chaos; Bob Moriarty predicts a market crash in September or October and advises buying resource stocks in October.
    • There will be both deflation and hyperinflation due to the Federal Reserve pumping money into the system, causing a decrease in prices initially, but eventually leading to an economic collapse and a return to quantitative easing, resulting in hyperinflation.
    • Stock up on food now because there are indications of a global food shortage and potential attacks on food companies, and it doesn’t matter if you consume it now or later; also, investing in precious metals is seen as an insurance policy against financial chaos.
    • Bob Moriarty predicts that the silver to gold ratio could reach 121 and advises buying resource stocks in October, as he believes a market crash will occur in September or October.
  • 12:19 Regular individuals now have access to more information than ever before to make informed decisions, and wealthy individuals like Ray Dalio, Elon Musk, and Warren Buffett have made moves indicating their belief in an impending market crash, while the idea that Comex is fraudulent is itself a fraud perpetuated by those who profit from telling people what they want to hear.
    • People often doubt predictions of market crashes because they rarely come true, as stated by a commenter on the video.
    • Moriarty predicts a market crash based on sentiment indicators and points out that wealthy individuals like Ray Dalio, Elon Musk, and Warren Buffett have made moves indicating their belief in an impending downturn, but emphasizes that regular individuals now have access to more information than ever before to make informed decisions.
    • Trade commodities using the daily sentiment indicator to ignore external factors and make profitable decisions based on sentiment.
    • Comex does not have the authority to fix prices for precious metals, as it is a commodities exchange where buyers and sellers determine the price, and the idea that Comex is fraudulent is itself a fraud perpetuated by those who profit from telling people what they want to hear.
  • 17:53 Gold and silver are good investments, and going against the herd and ignoring experts can lead to financial success, as the speaker believes in the eventual return to a gold standard.
    • Is it possible for an honest politician to be elected in the United States, or is the likelihood close to zero due to the preference for skilled liars?
    • Gold is a commodity, not money, and people should go against the herd and ignore experts and gurus to make money in investing.
    • Gold and silver are good investments, and the speaker believes that we will eventually return to a gold standard.
  • 22:21 The speaker talks about their dog and chickens coexisting peacefully, despite the dog’s temptation to eat them, and their decision to plant grapes and make wine with the dog’s assistance.
    • Moriarty discusses how his dog and chickens have learned to live peacefully together, but the dog is tempted by the idea of eating the chickens and rabbits, which the speaker discourages.
    • He discusses their decision to plant grapes on their land and their experience of making wine with the help of a dog.
  • 25:34 Bob Moriarty predicts bad times ahead but offers affordable finance books to help people protect themselves, while Miles Franklin is a trusted bullion dealer.
    • Bob Moriarty discusses his work as an author and predicts that bad times are coming, but offers affordable finance books that can help people protect themselves.

Global Depression by 2025 Inevitable? with Simon Hunt

WTFinance ... (From August 24)

Quick Summary Bullets:

Key insights

  • “Long-term rates will yield between 10 and 13 percent, what does that do to a world that is indebted to the extent of three and a half times Global GDP?” – Simon Hunt raises concerns about the impact of high long-term rates on a heavily indebted world.
  • “Forget about nuclear war, that’s just nonsense. Hypersonic missiles or issues in The Straits of Hormuz propelled by America are more likely to influence developments.”
  • “Inflation is going to reappear it’s falling at the moment that was all part of our forecasts but it remains sticky because if you look at between 2014 and 2021 that seven year period central banks and governments unleashed 200 trillion dollars more than the value of GDP.”
  • The second wave of inflation will be much more severe than the first wave, with global inflation projected to reach 13-15% by the end of next year, exacerbated by rising energy and food prices due to supply disruptions.
  • “The possibility is that you will have a war between countries in the G7 against countries in the brics I.E the war between NATO and Russia will expand.”
  • Europe is experiencing massive political change, with extremism taking over multiple countries, regardless of left or right ideologies.
  • Economically, the world will either be in deep recession or depression after the turbulent period, lasting until the early 2030s.
  • Simon Hunt suggests that the risk of war spreading globally, beyond Ukraine and neighboring countries, is a real possibility by the mid-2020s, signaling the potential end of the American Empire.

Transcript Summary:

  • 00:00 A global depression by 2025 is inevitable due to long-term rates controlled by central banks, the US already being in a recession, potential retaliation from Putin, and the possibility of a new lockdown in America.
    • Long-term rates controlled by central banks will cause a major collapse in a world heavily indebted to three and a half times Global GDP.
    • The US is likely already in a recession, as evidenced by falling employment data and job openings, and it will take a catalyst for the market to acknowledge this reality, whether it be problems in the US treasury markets or external events.
    • Putin’s potential retaliation and the possibility of a new lockdown in America are significant factors that could contribute to a global depression by 2025.
  • 04:33 There are catalysts that will cause a market decline, resulting in a recession in America, with the possibility of a global depression by 2025, due to excessive government spending and inflation.
    • There will be catalysts that will cause the market to decline, resulting in a 30% decrease in the S&P by the end of the year, leading to falling employment, tightening lending standards, and a recession in America, with the possibility of a global depression by 2025.
    • Central banks and governments have unleashed $200 trillion more than the value of GDP between 2014 and 2021, leading to the reemergence of inflation.
    • Inflation will rise significantly by the end of next year, leading to global economic turmoil and high long-term interest rates, which will have a major impact on a heavily indebted world.
  • 10:32 A global depression by 2025 is inevitable, with civil unrest and the possibility of war between G7 and BRICS countries, as China implements capitalist policies and Western companies leave China, leading to a potential 30-40% global stock market fall.
    • Major collapse is inevitable, with civil unrest and the possibility of war between G7 and BRICS countries.
    • China is implementing capitalist policies by allowing weak companies and sectors to collapse while supporting homeowners and taking greater control over local government budgets, which is seen as a positive cleaning up of the system.
    • Western companies leaving China and a deepening recession in Europe, with the EU’s survivability in serious doubt, may lead to a global stock market fall of 30 to 40 percent by the end of the year.
  • 16:09 Europe and the US face political changes and economic challenges, with a minor recession followed by a severe one in 2024/2025, but interrupted by a temporary inflation-driven recovery, leading to high oil and metal prices but a crash in equities by the end of 2024.
    • German and Chinese companies are unlikely to leave Russia and China, respectively, despite political pressure.
    • Europe is facing the possibility of significant political change due to the rise of extremism, and the US has been actively working to dismember Russia and prevent the alliance between Germany, Russia, and China from developing.
    • Minor recession in the next six months followed by a more severe recession in 2024/2025, but interrupted by a huge inflation-driven recovery with euphoria and positive thoughts in manufacturing, restocking, and investment, leading to oil prices over 150 and doubled base metal prices, but equities would crash by the end of 2024.
  • 21:57 A global depression is predicted to occur by 2025 due to civil wars and instability, leading to economic collapse and social unrest until the early 2030s, when the rule of law will be established and the metals industry will enter a golden age.
    • The turbulent period following the predicted civil wars and global instability will lead to a deep recession or depression, political and social instability, lasting until the early 2030s, when common sense will prevail and the rule of law will become the foundation of a new society.
    • Hunt predicts that there will be a difficult period with collapsing base metals prices until the early 2030s, after which the world will revert to its growth rates and the metals industry will enter a golden age.
    • By the early 2030s, companies will go bankrupt and metal producers will no longer sell their output for dollars, as inflation will be worked out and commodity markets will have a golden age.
  • 27:18 Countries like UAE, India, and Argentina moving away from the US dollar and trading with China could lead to a global depression by 2025.
    • Hunt discusses the possibility of a commodity-backed currency within the BRICS community and the potential for de-dollarization among these economies.
    • Countries like UAE, India, and Argentina are moving away from the US dollar, relying more on their own currencies and trading with China, which could lead to a global depression by 2025.
  • 30:56 The global economic system is at risk of changing, with G7 countries operating on fiat currency while the rest of the world shifts away, potentially leading to war and a need to protect wealth with precious metals like gold.
    • Last year, Hunt mentioned that there will be surpluses between countries and they will be resolved through a third party or an interstate mechanism.
    • The global economic system is likely to change, with G7 countries continuing to operate on fiat currency while the rest of the world shifts away, leading to a potential risk of war and the need to protect wealth through precious metals like gold.
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