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Top Ten Videos – July 9 2023

Protect your savings from bank failures and Dollar collapse
▶ Click here to get Gold IRA info from Birch Gold

Larry Lepard: Total Fiat Failure by 2030? Look to Gold, Silver, Bitcoin
Investing News ... (From July 4)

Impact and Potential of Bitcoin

  • “Gold and silver have been money for 5,000 years and are incorruptible money.”
  • “Bitcoin is actually a technological innovation that gold bugs should try to understand and not dismiss.”
  • The invention of Bitcoin and its blockchain protocols can be compared to groundbreaking technological advancements like the printing press or the telephone, highlighting its potential long-term impact.
  • “There are two things that can destroy Bitcoin: one, it technically doesn’t work anymore, and two, if people collectively decide we don’t care about it and won’t use it.”
  • Unlike other cryptocurrencies like Ethereum and Dogecoin, Bitcoin has no CEO or management team, making it resistant to manipulation and ensuring the 21 million cap remains unchanged.
  • “Bitcoin’s value has experienced repeated cycles of highs and lows, with each cycle showing higher highs and higher lows, indicating increasing adoption and potential long-term growth.”
  • “The only wrong allocation to bitcoin is zero because I sincerely believe Bitcoin is going to go up 10x 100x.”
  • “How do I protect myself from the decreasing value of money? Get the soundest money out there: silver, gold, and Bitcoin.”

Potential Failure of Fiat Currency

  • Lepard refers to the current situation as “rivets popping,” indicating that the monetary system is under unprecedented stress, suggesting a potential failure of fiat currency in the future.
  • Larry Lepard predicts a global economic collapse due to excessive leverage and zero percent interest rates, leading to bad economic decisions and malinvestment.
  • “The trouble will show up sometime, if not sooner, and that will shove all this stuff up enormously.” – Lepard implies that a financial crisis is imminent and will have a significant impact on the economy.
  • “I think we might have complete Fiat failure by as early as 2030 which is seven years away it could happen even earlier.”
  • “I could see a scenario where one day everybody kind of wakes up and something has occurred and suddenly gold is at three thousand or four thousand, there’s not much for sale, and the currency is collapsing.”

Predictions on Gold and Silver

  • “I strongly believe that gold will take out 2100 and it will Rip to three thousand when the first hint of the next easing occurs and I think that that’s not very far away.”
  • “When we get the next wave of inflation, gold and silver are going to take off like rockets and go to much higher numbers.”
  • “I honestly think in three years, Gold’s gonna be thirty five hundred dollars and if that’s the case these companies are going to be just throwing off cash like you read about.”

Transcript:

  • 00:00 Hold gold, silver, and Bitcoin as alternative investments due to potential monetary distress caused by the US federal deficit, rising interest rates, and intractable inflation caused by continuous government spending and money printing.
    • The recent mini banking crisis in the United States highlights the potential for rapid contagion and stresses on the monetary system, indicating a need to consider alternative investments such as gold, silver, and Bitcoin.
    • Central banks have been making radical moves with zero interest rate policies, repo blowouts, and balance sheet increases, causing monetary distress in various areas such as the bond markets, while the US federal deficit is trending in the wrong direction, leading to concerns about the debt loop.
    • The US federal government’s increasing debt and reliance on short-term bonds will lead to a surplus of debt for sale, causing interest rates to rise and the cost of financing to increase, ultimately exacerbating the already significant federal deficit.
    • The continuous spending and printing of money by governments to cover deficits and costs will lead to intractable inflation, and higher interest rates may worsen the situation by discouraging investment.
    • Hold sound money assets like gold, silver, and Bitcoin due to the government’s inability to stop printing money, despite the current lack of concern among investors.
    • Major events often fade away quickly in the media-driven world, causing people to forget about them and move on to the next narrative.
  • 10:50 Lepard predicts a total fiat failure by 2030 due to excessive leverage, zero percent interest rates, and poor management of the economy by central banks, suggesting that alternative assets like gold, silver, and Bitcoin may be a solution.
    • The authorities have done a good job of calming the herd and preventing panic, but there are underlying problems in the financial system that could lead to a total fiat failure by 2030.
    • Lepard predicts an impending global economic crisis due to excessive leverage and zero percent interest rates, citing examples of malinvestment and problematic events in Silicon Valley and commercial real estate, but acknowledges that authorities have been successful in calming people down and maintaining the perception of a stable system.
    • As inflation worsens and more people struggle to afford basic necessities, the Federal Reserve will be forced to reverse their policies and cut interest rates to address the economic downturn.
    • Lepard predicts that the Bond Market will be a problem due to excessive debt and a lack of capacity, and warns that if interest rates rise, it could have a significant impact on the leveraged economy.
    • The Federal Reserve’s excessive monetary policies have led to inflation and will likely result in economic consequences, prompting a cycle of tightening and loosening that will continue to fuel inflation.
    • Lepard criticizes the poor management of the economy by central banks, resulting in unstable prices and a need for alternative assets like gold, silver, and Bitcoin.
  • 20:47 The US dollar is losing its reserve currency status due to high deficits and the need to print more money, leading people to seek alternative assets like gold, silver, and Bitcoin.
    • The US seizing assets during the war showed the world that if they have dollar-based assets and do something politically unfavorable to the US, their assets can be taken, leading other countries to consider moving away from holding dollars and weakening the currency.
    • The value of the dollar affects inflation and the use of currencies for transactions does not necessarily mean endorsing that currency.
    • The US dollar is losing its reserve currency status due to the government’s irresponsibility, leading people to seek alternative forms of storing value such as gold, bitcoin, oil, and other currencies.
    • The speaker predicts that the US dollar will decline in value due to high deficits and the need to print more money, leading to the emergence of alternative assets like gold, silver, and Bitcoin.
    • Gold and silver prices have held up relatively well despite not increasing as sharply as they did in the past, and although rising interest rates typically lead to a decrease in gold prices, they have remained relatively stable.
    • Gold is expected to surpass $2100 and reach $3000, while silver is predicted to easily surpass $30 and potentially reach $50, as it has never beaten its all-time high and is expected to do so this time.
  • 28:17 Gold and silver prices are expected to rise due to inflation and central bank policies, providing opportunities for investors, while the overvalued stock market and potential economic crisis may negatively impact AI investments.
    • When inflation increases and central banks adjust their policies, gold and silver prices will rise significantly, leading to a positive impact on gold and silver mining stocks.
    • Gold stocks have been performing poorly due to the increasing cost of production (Asic) and stagnant gold prices, causing frustration among investors.
    • Investors are treating gold and silver stocks as if they will never go up again, but the speaker believes that the market will prove them wrong in the next few years and that if the Federal Reserve were to stop raising interest rates, their portfolio would likely double.
    • Gold stocks are predicted to increase in value in the next three years, providing an opportunity to buy high-quality companies at cheap prices, while the overvalued stock market may lead to negative outcomes for those investing in AI.
    • Lepard predicts that due to the Federal Reserve’s inability to stop printing money, the economy will eventually collapse, leading to increased inflation and the need to invest in assets like gold, silver, and Bitcoin.
    • Lepard predicts that there will be a significant economic crisis within the next few months to a year, similar to the 2008 financial crisis, and expects this to greatly impact the value of assets such as gold, silver, and Bitcoin.
  • 38:08 Gold, silver, and bitcoin are viable investment options due to the US government’s inability to balance the budget and the potential for further monetization of debt, and bitcoin’s technological innovation has the potential to revolutionize the concept of scarcity in the digital world.
    • Lepard discusses the importance of being mentally tough and knowing why you own certain assets, and mentions the counter argument that the US federal government could become responsible and make changes to social security and medicare benefits.
    • The US government’s attempt to balance the budget and reduce military spending is unlikely to happen, and even if it did, the existing debt is too large to sustain without further monetization, making gold, silver, and bitcoin a more viable investment option.
    • Lepard, who has been invested in gold since before Bitcoin existed, believes that gold and silver have been reliable forms of money for thousands of years and considers them to be incorruptible.
    • Gold and Bitcoin can coexist as sound money options, despite the skepticism of gold enthusiasts, as Bitcoin is a technological innovation.
    • Bitcoin’s technological innovation of creating digital scarcity through its blockchain and proof of work algorithm is a significant development that has the potential to revolutionize the concept of scarcity in the digital world.
    • Bitcoin is a form of money that can be owned and obtained through mining, and although it is intangible, it functions as a ledger and represents value.
  • 44:42 Gold has historically been successful as a form of money due to its scarcity and proof of work, and Bitcoin has the potential to be a digital form of gold as long as there is widespread adoption and it continues to function technically.
    • Money is a social obligation that allows people to exchange goods and services.
    • Gold became the soundest form of money because it was scarce and tangible, but even before gold, people were keeping score with a score keeping mechanism, and that’s what Bitcoin is – a digital entry that represents value and can be exchanged for something else.
    • Gold has historically been a successful form of money due to its scarcity and proof of work, and Bitcoin has the potential to be a digital form of gold as long as there is widespread adoption and it continues to function technically.
    • Adoption of Bitcoin is growing as more people are using it for transactions, particularly in countries with unstable currencies like Nigeria.
    • Bitcoin is a digital form of money that is easy to use, secure, and has a limited supply, making it a legitimate technical innovation unlike other cryptocurrencies.
  • 49:23 Investing in gold, silver, and Bitcoin is recommended as governments printing money will dilute the value of all money held, and Bitcoin’s increasing adoption and outperformance compared to gold will drive its price up faster in the coming years.
    • The value of gold, silver, and Bitcoin will increase due to governments printing money to provide benefits they can’t afford, which dilutes the value of all money held.
    • The increasing adoption of Bitcoin, coupled with its outperformance compared to gold, will drive its price up faster than gold in the coming years.
    • Bitcoin’s adoption curve is driving its popularity among younger generations, despite its volatility, and its value continues to increase with each cycle of adoption.
    • Investing in both gold and Bitcoin is recommended as Bitcoin has the potential to be one of the highest performing assets, and even a small allocation can significantly increase net worth, while the risk of losing one percent is mitigated by the remaining assets.
    • Lepard compares the early skepticism towards the internet to the current skepticism towards cryptocurrencies and emphasizes the importance of network-based technologies.
    • The fixed supply of Bitcoin makes it a sound and deflationary form of money that can protect people’s savings from inflation caused by irresponsible government actions.
  • 55:16 Invest in sound assets like gold, silver, and Bitcoin to protect yourself from the potential total fiat failure by 2030, as governments’ behavior poses a risk of high inflation and currency devaluation.
    • Lepard discusses the fluctuating price of something, starting at 120 and eventually reaching 180 dollars.
    • Protect yourself from the decreasing value of money by investing in sound assets like silver, gold, and Bitcoin, even if they experience volatility, as long as you have a long-term perspective and believe in your investment thesis.
    • Lepard predicts a total fiat failure by 2030, which could happen even earlier, and emphasizes the potential rapidity of such a collapse using the example of the Silicon Valley Bank.
    • He suggests that there could be a scenario where the fiat monetary system collapses, causing a rush to buy gold and Bitcoin as the value of the currency declines rapidly.
    • Real estate prices are rising rapidly, and there is a risk of currency failure leading to high inflation, so it is important to have some sound money as a safeguard.
    • Protecting oneself from the potential economic storm caused by fiat failure can be achieved by investing in sound money like gold, silver, and Bitcoin, as governments’ behavior poses a non-zero probability risk of high inflation and devaluation of currency.

Vince Lanci: BRICS Planning Announcement On August 22
Arcadia Economics ... (From July 6)

Quick Summary: The BRICS countries are aggressively rolling out a gold currency and there may be an announcement on August 22nd, indicating a shift in global currency dynamics.

  • The US is backing off while BRICS countries assert themselves, with India using the Yuan for oil and the US dollar’s status as a global reserve currency potentially being threatened.
  • “Everything goes east except pricing power which is in the West denominated in dollars on comex well. That’s going to change.”
  • “Peak Silver is going to become a meme and people are going to use it to tell you to buy silver.”
  • China owns 70-90% of the market share in solar cells and panels installation, highlighting their dominance in the solar supply chain.
  • The elasticity of silver demand in the solar industry highlights its importance as a key component in renewable energy technologies.
  • The scarcity of primary silver mines and the potential decrease in byproduct silver from zinc mining could lead to a tightening supply of silver.
  • Silver’s exceptional electroconductivity makes it an essential metal in the conversation surrounding EVs and their components.
  • The announcement on August 22nd by BRICS may lead to the Yuan being backed by non-perishable commodities like gold and silver, potentially causing a currency war.

Transcript:

  • 00:00 The BRICS countries are aggressively rolling out a gold currency and there may be an announcement on August 22nd, indicating a shift in global currency dynamics.
    • The BRICS gold currency is being aggressively rolled out and there may be an announcement on August 22nd, but the speaker is unsure of the details and is currently trying to make sense of new research.
    • The speaker discusses their collaboration with a professional in the solar industry in China and the connection between recent news items and de-dollarization.
    • The BRICS countries are aggressively rolling out a gold currency and there may be an announcement on August 22nd, while the US is backing off and there are signs of silver shortages, increased use of the yuan for oil in India, and Yellen’s rushed trip to China, indicating a shift in global currency dynamics.
  • 03:38 Multiple exchanges with multiple contracts are popping up in BRICS countries, indicating a shift away from the dominance of the dollar in the precious metals markets.
  • 05:06 China and Mexico, the major silver producers, are running out of silver, which will impact the price as China’s dominance in the supply chain and increasing demand collide, prompting the US to consider drilling for more.
    • China and Mexico, the two major silver producing countries, are running out of silver and as China dominates the silver supply chain, their dwindling supply and increasing demand will determine the price of silver.
    • Chinese demand for solar panels has significantly increased, while the supply from China and Mexico is dwindling, leading to the US considering drilling for more.
  • 07:45 China is facing a silver shortage and controls the entire solar supply chain except for powder, while advancements in technology are making silver more cost-effective and efficient for industries like solar panels and windshield defrosters.
    • China is running out of silver and owns every value added section of the solar supply chain except for powder.
    • As demand for silver increases, advancements in technology allow for thinner applications, making it more cost-effective and efficient for various industries such as solar panels and windshield defrosters.
  • 10:13 The demand for silver in the solar industry is increasing as they aim to improve energy efficiency, leading to a shift in the model of using more silver for better product efficiency.
    • The demand for silver in the solar industry is increasing as they aim to improve energy efficiency, leading to a shift in the model of using more silver for better product efficiency.
    • The standard passivated emitter and rear contact cell will likely be replaced by tunnel oxide passivated contact and heterojunction structures in the next few years, as they require less material and offer increased efficiency.
  • 12:35 Increased demand for silver due to scarce supply and potential efforts to slow down silver coin production, as well as Toyota’s gains in solid state batteries leading to increased consideration of silver as an alternative.
    • Silver supply is becoming scarce due to the closure of a major zinc mine, leading to increased demand and potential efforts to slow down silver coin production.
    • Toyota announced gains in efficiency in solid state batteries, which may lead to increased consideration of silver as an alternative.
  • 14:22 Toyota is developing a battery for electric vehicles, Tesla will be the power source, and silver’s electroconductivity makes it important; market trends suggest potential future movement.
    • Toyota is focusing on developing a battery that will lead to widespread adoption of electric vehicles, while Tesla will be the power source generator, and silver will become an important metal in the conversation due to its superior electroconductivity.
    • The speaker discusses market trends and notes that there has been a failure to reach a certain point, indicating potential future market movement.
  • 16:37 Speculative buying may occur before August 22nd due to an upcoming announcement by BRICS, potentially involving the backing of the Yuan with non-perishable commodities such as gold and silver, leading to the emergence of commodity currencies and a potential currency war.
    • Speculative buying may occur before August 22nd due to an upcoming announcement by BRICS, potentially involving the backing of the Yuan with non-perishable commodities such as gold and silver, leading to the emergence of commodity currencies and a potential currency war.
    • Silver premiums and vault activity are important to watch, as chunks of three million are being moved in and out, with three million being the maximum that can be moved in a day.
    • The speaker explains that there are open contracts for silver delivery in July, and instead of emptying the silver vault, they will use it as a conduit for delivery, so when there is silver activity and the number is around three million, it indicates serious player money moving silver around.

Post-Pandemic Airbnb Crash: The Untold Real Estate Crisis w/ Karl Denninger
RTDtv ... (From July 8)

Bullet Point Summary: The post-pandemic real estate crisis, particularly in the Airbnb market, poses significant financial risks for investors and is worsened by government policies and economic instability.

Financial risks and potential recession

  • It is crucial to have conversations about the social and economic problems caused by the pandemic, as they are interconnected and have significant implications for society.
  • “One has to ask whether the emergency was really about a virus or whether it was about the impending collapse of several areas of the economy.”
  • “The best you can do is get away from high cost areas and high cost things…pay attention to where you live and what you do and what the exposure level is.”
  • “The US yield curve hitting its deepest inversion since 1981 suggests that we’re out of rope and about to come up on the short end of it, which usually when you’re falling, that’s a very bad thing.”
  • “As we get towards the end of the summer, you might be willing to buy puts…the PPI data has some extremely ominous signs in it from us on the services side.”
  • The probability of a significant recession in the back half of this year is quite high, despite the market acting like there’s nothing wrong.

Impact of the pandemic on the real estate market

  • The pandemic caused a surge in rental income for Airbnb properties, leading to record-high prices, but now the market is experiencing a significant decrease in value.
  • “The post-pandemic Airbnb crash has led to an untold real estate crisis.”
  • “When you take the supply of what used to be residential housing and turn it into rental units, you’ve constricted supply and driven up the price.”
  • “There’s not one in ten of the people who borrowed money to acquire those [Airbnb] places in the last two years that’s going to be able to make those payments.”

Government response and economic implications

  • “The problem we have today is much worse [than in 2008] and we haven’t done anything about the root causes, in fact, we’ve accelerated.”
  • “The people who do not want to see anyone else succeed add extra bricks to your boat every time the water goes up, eventually putting enough bricks in the boat that it sinks.”
  • “The government’s response to a real estate crash has historically been to try to inflate out of it, but you can’t do it today because inflation at the grocery store is much higher than reported.”
  • “If you support any kind of activity in this area other than those people who took the debt on have to pay it back period. If you support that what you’re doing is you’re voting for higher grocery prices and higher Insurance costs and higher construction costs and higher medical bills and higher everything else.” – Supporting actions that avoid debt repayment can lead to increased costs in various aspects of life.

Transcript Summary:

  • 00:00 People who invested in Airbnb properties during the pandemic are now facing significant financial losses due to the post-pandemic crash, which is worse than the 2008 real estate crash, with the government playing a role in worsening the crisis.
    • During the pandemic, Airbnb rentals were thriving and property prices soared, but now there is a significant decrease in rental income and property values.
    • People who financed their acquisitions on Airbnb properties will likely lose a significant amount of money due to the post-pandemic crash.
    • Karl Denniger briefly explains their background in financial analysis and mentions their experience as the CEO of MCS net during the internet bubble.
    • Denniger, who has experience in running a multi-million dollar corporation, discusses how the current economic crisis caused by the pandemic is worse than the 2008 real estate crash, and highlights the government’s role in exacerbating the problem.
  • 03:53 The post-pandemic real estate crisis, particularly in commercial real estate and Airbnb rentals, poses serious risks for those involved, with potential complete wipeouts for holders of high-leverage structured products.
    • The wealthy and powerful are always saved from their mistakes, while the people at the bottom suffer, leading to a sinking boat metaphor for the current real estate crisis.
    • Denniger discusses the outcome of the pandemic and how it has affected various topics, including advertising, collusion, and the importance of discussing social and economic issues.
    • The American people need to know that the government has significantly expanded in response to the pandemic, but now that the virus is no longer a public health emergency, it raises questions about whether the emergency was truly about the virus or the impending collapse of the economy.
    • Inflation and the decline of M2 have led to a worsening economic situation, with potential negative effects in various areas.
    • The current real estate crisis, including commercial real estate and the rental space for Airbnb, is a dire situation with serious implications for the entities involved.
    • Commercial real estate loans typically have a loan-to-value ratio of under 50%, so even if the property loses half its value, the bank is not in trouble; however, holders of structured products with high leverage are at risk of complete wipeouts, and this is already starting in many areas.
  • 11:33 The pandemic has caused a real estate crisis for Airbnb properties, leading to decreased rental income and potential mortgage payment issues, while also highlighting the negative impact of Airbnb on housing availability and prices.
    • The pandemic has caused a significant decrease in rental income for Airbnb properties, leading to a real estate crisis where property owners who financed their acquisitions may not be able to make their mortgage payments.
    • Airbnb and VRBO should be held to the same standards as hotels, including code compliance and tax registration.
    • Airbnb and VRBO’s existence is based on an arbitrage game in the residential real estate market, but this has resulted in a decrease in available housing for those who need it, causing a crisis.
    • When residential housing is converted into rental units for tourism, it constricts the supply of housing, drives up prices, and neglects the need for services and housing for those who provide them.
    • Enormous distortions in the housing market due to the legality of Airbnb have negatively impacted residents, and while the government historically tends to bail out industries in trouble, it remains to be seen if they will do the same for the real estate industry.
    • Denniger discusses the problem of diluting the currency through offshoring, which has now closed, and the potential inflationary consequences of trying to bring jobs back to the US.
  • 19:11 The post-pandemic Airbnb market may crash due to government policies, inflation, and economic instability, so it’s important to avoid risky real estate investments, reduce personal financial burdens, and live in low-cost areas to mitigate potential losses.
    • During the pandemic, the government’s payment of $600 a week to unemployed individuals, along with rent moratoriums, led to an increase in the money supply, causing inflation and higher grocery prices.
    • Denniger discusses the potential crash of the post-pandemic Airbnb market, the role of fiscal and monetary policy, the government’s responsibility, and the need to address inflation through political action.
    • The government’s increasing tax burden and inefficiency in absorbing over 50% of people’s earnings is causing economic instability and making it difficult to stay ahead, even with potential stock market gains in an inflationary environment.
    • Avoid leveraging and risky strategies in real estate investments, focus on reducing personal financial burdens and living in low-cost areas to mitigate potential losses caused by government actions.
    • Denniger discusses the possibility of a Central Bank digital currency being implemented as a solution to the financial crisis, but argues that it won’t work because the current system, fed wire, already functions as a central bank digital currency with updated security measures.
    • The structure of the Airbnb network, including similar networks in Europe and China, has remained largely unchanged since the days of teletypes.
  • 29:12 The inverted US yield curve suggests a potential economic recession, with bankruptcy filings expected to increase due to excessive credit spending and savings depletion during the pandemic, while China’s default on debt raises questions about repayment enforcement, and the government’s involvement in student loans has led to non-dischargeable debt and inflated education costs, despite the accessibility of information through technology.
    • The inverted US yield curve suggests that borrowing for a short period of time is more expensive, indicating a potential economic recession.
    • Denniger predicts a significant increase in bankruptcy filings due to the excessive credit spending and savings depletion during the pandemic, particularly among those who borrowed money for Airbnb properties.
    • China’s default on trillions of dollars in debt to U.S bondholders raises questions about who is responsible and how the U.S can enforce repayment, but it is unlikely that the U.S will take military action to retrieve the money.
    • The government’s involvement in student loans, starting with Obama’s administration and continuing through Reagan and Bush, has led to the current crisis of non-dischargeable debt and inflated costs of education.
    • The cost of college education should be significantly lower due to the accessibility of information through technology, eliminating the need for expensive infrastructure, and allowing for alternative methods of instruction.
    • Learning calculus is now easily accessible through self-teaching on a computer, eliminating the need for expensive classes and travel.
  • 38:49 Denniger discusses the problem of debt and predicts a significant downturn in the real estate market due to the pandemic, despite the government’s efforts to isolate the economic impact.
    • The speaker discusses the problem of debt and the need for those who took on the debt to pay it back, as supporting any other solution would result in higher costs for groceries, insurance, construction, medical bills, and everything else.
    • Towards the end of the year, there are ominous signs in the PPI data that suggest potential opportunities for buying puts and keeping an eye on the services side of the economy.
    • There is an enormous contraction in transportation, trade, and warehousing activity, indicating a high probability of a significant recession in the back half of this year, despite the market acting like there is nothing wrong.
    • Due to the pandemic, homeowners who refinanced their mortgages are now stuck with low interest rates and are unable to move, resulting in a lack of migration and negative economic consequences.
    • Denniger predicts that despite the government’s efforts to isolate the economic impact of the pandemic, there will likely be a significant downturn in the real estate market in the coming months, contrary to historical trends.
  • 43:58 Denniger discusses censorship, challenges scientific consensus on diet, criticizes paying for actions instead of results, and suggests financial incentives influenced medical decisions during the pandemic.
    • Denniger discusses how their content on MarketTicker.org is being censored by Google, but they will continue to write about important topics regardless of monetization.
    • They discusses their personal experience with weight loss and challenges the scientific consensus on diet, emphasizing the importance of having a different opinion backed up by physical results.
    • Flying the flag upside down is a symbol of serious distress, and the speaker flipped it over when they realized that the pandemic response was unintelligent and everything done was backwards.
    • Denniger criticizes the practice of paying for actions instead of results in various fields, including medicine and education, and suggests that hospitals should have been incentivized to successfully treat COVID-19 patients.
    • He discusses the financial incentives behind medical decisions during the pandemic and suggests that money was the primary motivator for certain actions, regardless of political affiliation.
  • 50:14 The real estate crisis caused by the post-pandemic Airbnb crash cannot be solved by simply changing politicians.

George Gammon- Top 3 Assets To Buy Going In To A Recession
Rebel Capitalist ... (From July 5)

During a recession, it is important to focus on data and strategically time investments in assets like gold and cash, while avoiding stocks and commodities, in order to take advantage of discounted buying opportunities.

Transcript:

  • 00:00 Buying commodities like gold and silver may not be the right move during a recession due to potential losses and emotional reactions.
    • George Gammon discusses the top three assets to buy during a recession and mentions that they cannot give personal advice to individuals who have purchased silver and gold stocks.
    • Buying commodities like gold and silver may seem attractive long term, but it may not be the right time to buy due to potential losses and emotional reactions.
  • 01:45 Gold typically decreases in value before a recession but stabilizes and increases afterwards, making it a valuable asset to own.
    • During a recession, gold typically decreases in value prior to the recession but then stabilizes and increases afterwards, making it a valuable asset to own.
    • People in the gold and silver business prioritize selling their products over the potential benefits of investing in gold during a recession.
  • 05:05 Eliminate the noise, focus on data, and determine if it’s the right time to buy assets for capital appreciation during a recession.
    • The speaker’s main goal is to make viewers aware of economic problems and open their eyes, rather than manipulating them to think irrationally or emotionally.
    • Eliminate the noise and focus on the data to determine if it’s the right time to buy assets for capital appreciation during a recession.
  • 07:50 Consider strategically timing investments in gold and gold miners during a recession, but avoid buying stocks or commodities due to the inverted yield curve and predictions of something bad, instead consider buying commodities after the recession.
    • The price of gold may not immediately skyrocket during a recession, so it is important to time investments in gold and gold miners strategically.
    • Don’t buy assets like stocks or commodities during a recession, as the yield curve is inverted and the bond market is predicting something bad, but consider buying commodities after the recession.
  • 09:58 It is important to assess the situation and take action accordingly as the yield curve is no longer inverted, indicating a recession, and understanding that corporate debt and the S&P 500 tend to go down during a recession, debunking the idea that a recession is good for stocks.
    • The yield curve is no longer inverted due to the FED dropping rates, indicating a recession, and it is important to assess the situation and take action accordingly.
    • Retail investors often panic and sell at the wrong time during a recession, so it is important to understand that corporate debt and the S&P 500 tend to go down during a recession, and the idea that a recession is good for stocks is complete nonsense.
  • 11:58 The top assets to have during a recession are patience, short-term Treasury bills, and cash for liquidity and to avoid counterparty risk.
    • The top three assets to hold during a recession are patience, as it is the greatest asset, and avoiding the temptation to constantly buy into different investment opportunities.
    • The top asset to buy in a recession is patience, and personally, short-term t-bills are a good option, but there are no certainties and the outcome depends on various factors.
    • The best assets to have during a recession are short-term Treasury bills and cash for liquidity and to avoid counterparty risk.
  • 15:45 Having cash on hand during a recession is crucial for taking advantage of discounted buying opportunities.
    • Gammon reflects on their early warnings about the pandemic and the initial skepticism they faced, highlighting the sudden realization of the market about the severity of the global situation.
    • During a recession, it is important to have cash on hand in order to take advantage of buying opportunities at discounted prices.

Banking System Risk! Canada, 4th Most Indebted Country In The WORLD!
Market Mania ... (From July 7)

Quick Summary: Canada’s banking system is at risk of collapse due to high levels of debt, an imploding real estate bubble, and reckless lending practices, posing a significant threat to the economy and potentially leading to job losses during an economic downturn.

  • Canada’s real estate bubble poses a systematic banking risk, with many households unable to make interest payments and facing the possibility of owing substantial amounts to the bank when refinancing.
  • There is a significant risk to the banking system as at least one major bank in Canada, CIBC, has been discreetly audited due to many of their borrowers being overleveraged, raising concerns about the possibility of other banks having similar issues.
  • Canada has the fourth most indebted households in the world, highlighting the concerning level of household debt in the country.
  • With high inflation and a significant portion of income going towards debt servicing, the economy is facing massive problems ahead.
  • Canada’s banks are loading up on borrowers who are already pushed to their financial limits, potentially putting the market at risk with the influx of “dumb money.”
  • An affordability crisis propped up by reckless lending poses a massive risk to the country’s financial system and general economy, with taxpayers ultimately bearing the fallout.
  • “Household debt right now all-time high fourth most indebted country in the world. We know this is not a good sign guys.”

Transcript:

  • 00:00 Canada’s banking system is at risk of collapse due to the imploding real estate bubble and high levels of debt, creating a dangerous situation with potential job losses during an economic downturn.
    • Canada’s banking system is at risk of collapse due to the imploding real estate bubble and the large number of people in distress with negative amortization and long mortgage terms.
    • The high level of debt in the banking system and potential job losses during an economic downturn create a dangerous situation.
  • 01:49 The banking system in Canada is at risk due to the possibility of things getting worse, banks influencing the yield curve, and the potential for multiple banks to have borrowers who are overleveraged and at risk of defaulting.
  • 03:09 Canada’s banking system is at risk due to high levels of debt and banks prioritizing profits, similar to the 2008 financial crisis, and those in denial about the economy and buying real estate will suffer the consequences.
    • The banking system is at huge risk due to the high level of debt and banks prioritizing their own profits, similar to the 2008 financial crisis, and those who are in denial about the economy and buying real estate will suffer the consequences.
    • Canada’s banks are taking on highly leveraged borrowers, with over one in five mortgages qualifying with a debt service ratio of 39 or higher, making Canada the fourth most indebted country in the world.
  • 05:20 The high levels of inflation and debt in the country are causing significant problems for the economy, including difficulties in the rental market and a lack of spending.
  • 06:37 Nearly a third of new mortgage borrowers in Canada are over leveraged, with 32.1% of new mortgages in Q3 2022 going to these borrowers, indicating a risky banking system.
  • 07:58 An affordability crisis caused by reckless lending poses a massive risk to the country’s financial system and taxpayers will bear the consequences.
  • 09:12 People are not worried about a recession and are participating in the real estate market, despite the risk, because they believe in the narrative that immigration is increasing and will drive up prices.
  • 10:53 Fourth most indebted country in the world, with plunging savings rates and record-high household debt, indicating a debt Ponzi scheme and urging viewers to consider getting out.

How to Refuse The CBDC Reset | Michael Rectenwald (ENCORE)
Liberty and Finance ... (From July 4)

Refuse the implementation of Central Bank digital currency and take steps to protect individual rights and avoid the harmful agenda of the Great Reset.

Resistance against Central Bank Digital Currency (CBDC) and Transhumanism

  • The implementation of a Central Bank digital currency could potentially allow the government to transmute individuals’ bank accounts into this digital currency overnight, giving them unprecedented control over people’s finances.
  • The “great refusal” is proposed as the proper response of free people to a toxic plan set out against our needs and the good of our families.
  • “We have to refuse or reject the Central Bank digital currency. We have to skirt that we cannot subscribe to it and that means having currency in other places having a means of exchange that is not controlled solely by the FED.”
  • Refusing personal carbon footprint tracking technologies and other installations or medical procedures that could compromise your health and genetic integrity, as transhumanism is a bait and switch that gives control to transhumanist groups.
  • Neural link and brain cloud interfaces could potentially preclude certain thoughts and memories, supplanting them with approved ones, raising concerns about individual autonomy and freedom of thought.
  • “Reality is now a post-modern construction, curating memory and accentuating narratives, making it almost impossible to find counter narrative facts or theories.”
  • “Refuse digital identity as it is a means of inclusion that is clearly totalitarian in character.”

Economic Independence and Protection of Individual Rights

  • The most important thing is to practice the free market in your own life, eliminating dependence on the state and establishment institutions, and establishing parallel economic and social networks.
  • “We need to get out of these stakeholder capitalist organizations and starve the banks that are implementing ESG and stakeholder capitalism, as they are in the business of starving out non-compliant producers and companies.”
  • The Grand refusal aims to put extreme pressure on the Elites implementing and imposing their agendas on society.
  • “We need to put extreme pressure on government Representatives to protect National sovereignty and individual rights.”

Transcript:

  • 00:00 The Central Bank digital currency gives the FED surveillance and control over all financial transactions, posing a significant threat to individual rights.
    • The Central Bank digital currency gives the FED surveillance and control over all financial transactions, posing a significant threat to individual rights.
    • The acai Refinery offers various silver coins for sale, including one ounce rounds, silver Maples, and backdated kangaroos, with different levels of purity and quantities available, and customers can contact them to place an order.
  • 02:02 Michael Rectenwald discusses his book on the Great Reset and the concept of the Google archipelago, proposes a nine-step plan for refusing to participate in the harmful agenda, and expresses gratitude for being named a distinguished fellow of Hillsdale University.
    • Michael Rectenwald, author of The Great Reset and the Struggle for Liberty, returns as a guest on Liberty and Finance to discuss his book and his appearance on Fox News.
    • The speaker discusses the concept of the Google archipelago, a digital prison that controls the information, thoughts, speech, and interactions of individuals, and mentions a new book that exposes this concept.
    • The book provides a scholarly treatment and validation of the global agenda, including the economic, political, and technological aspects of the Great Reset, as well as its connection to globalist organizations and various elements of the agenda.
    • Rectenwald proposes a nine-step plan for free people to refuse to participate in a toxic and harmful scheme set out against them and their families.
    • He expresses gratitude for being named a distinguished fellow of Hillsdale University and looks forward to working with them on their online platform.
    • Rectenwald discusses the lack of education in understanding the Constitution, Bill of Rights, and basic principles necessary for functioning as free people, and praises Hillsdale College for providing a counter-cultural education, while also addressing the dire risks to financial future and freedom posed by the globalist agenda and offering a nine-step plan called the “great refusal” as a response to the great reset.
  • 08:11 Refuse the Central Bank digital currency, reduce digital dependence, stockpile goods, and reject control technologies to protect individual rights and avoid the great reset.
    • Refuse the Central Bank digital currency and establish alternative economic structures to reject globalist policies.
    • Prepare for the Central Bank digital currency by reducing digital economic dependence and acquiring assets and currency outside of the digital footprint to avoid the infringement of individual rights and control over spending, savings, and debt.
    • Cash is likely to be outmoded and refused by numerous vendors as part of the great reset, which relies on public-private partnerships, leading to a trend of cashless transactions.
    • Cash is becoming less accepted, so it is important to stockpile necessary goods and prepare for the potential implementation of a CBDC (central bank digital currency).
    • Reject and resist participation in Central Bank digital currency, refuse wearables that report data to central databases, reject personal carbon footprint tracking technologies, and refuse installations or medical procedures that could compromise health or genetic integrity, as these technologies will be used for control and exclude individuals from things like health insurance, and transhumanist technologies are a bait and switch that give control to organizations like Neuralink.
    • Reject the metaverse, brain cloud interfaces, and medical procedures that may be transmitted to you, as they are part of a future plan to supplant and control thoughts and memories.
  • 19:15 Refusing the digital constructivist agenda is crucial to avoid the implementation of a complete database of online and offline activities through digital identity, which can be used for political profiling and exclusion.
    • Search engine results are being filtered and certain information is being intentionally hidden or removed, including links to articles and scientific studies that do not align with the current narrative.
    • Our collective memory and individual memories are being modified and erased, making it difficult to find counter narrative facts or theories, creating a post-modern construction of reality.
    • Refuse to participate in the digital constructivist agenda by avoiding the internet of bodies, rejecting unwanted bodily enhancements, and refusing digital identity as a means of totalitarian inclusion.
    • Digital identity connected to CBDCs will be a complete database of all online and offline activities, making it important to refuse digital identity and be aware of the data collected through wearables and smartphones.
    • Rectenwald discusses the incremental implementation of digital identity through commercial partnerships, particularly with banks, and the need to find a way to refuse it due to the potential profiling and labeling as a threat.
    • The Biden Administration’s language on domestic terrorism and right-wing extremism suggests that digital identity will be used to politically profile and exclude individuals, as seen with homeschoolers and soccer moms being included on the list of potential domestic terrorists, highlighting the trend towards an increasingly inclusive list of domestic terrorists, which reflects the watchword of totalitarianism.
  • 27:00 Practice free market, eliminate dependence on state and establishment institutions, establish parallel structures, resist CBDC reset by divesting from ESG stocks, taking class action against ESG investments, and avoiding banks promoting stakeholder capitalism and ESG reporting.
    • Practice the free market, eliminate dependence on the state and establishment institutions, remain entrepreneurial, establish parallel economic and social structures, and rely on local community resources instead of government-funded entities.
    • The increasing dependence on government support in the US is concerning as it can lead to a modern form of slavery, resembling the plantation system, if people continue to demand universal basic income, free housing, and government subsidies.
    • Compliance with state dictates for income compromises freedom and privacy, divesting from ESG stocks and considering antitrust measures can help resist the CBDC reset.
    • Consider taking class action against ESG Investments, as they are monopoly schemes that benefit compliant corporations and punish non-ESG reporting ones, and also remove your money from ESG reporting.
    • Avoid supporting banks and organizations that promote stakeholder capitalism and ESG reporting, as they are designed to starve out non-compliant producers and companies.
    • It is becoming increasingly difficult to find companies that do not subscribe to an agenda that is toxic to individual and property rights, as evidenced by a large grocery chain in the speaker’s area that initially did not subscribe to this agenda but has now switched sides.
  • 33:53 Pressure government representatives to protect national sovereignty and individual rights by withdrawing from global organizations, divesting from ESG stocks, and encouraging more states to do the same, while also appealing to elites and taking autonomous action to refuse compliance with the CBDC reset.
    • The refusal Grand refusal is a counter-revolution against subversive Elites implementing and imposing dictates, aiming to put extreme pressure on them.
    • Put pressure on government representatives to protect national sovereignty and individual rights by withdrawing from organizations like the World Economic Forum, UN, and World Health Organization, divesting from ESG stocks, and encouraging more states and legislators to do the same.
    • Rectenwald questions whether the mainstream political parties and process are significant in the refusal of the CBDC reset, suggesting that while they may be useful in specific target areas, the overall system is lost.
    • We cannot rely on politicians or legislators to save us from the deep swamp, but we can cherry-pick issues to affect change through legislation while also taking autonomous action and pressuring them to refuse compliance with their agendas.
    • Encourage elites who recognize the unethical and economically unsound globalist agenda to defect and join the counter-revolution by appealing to them through letters and sharing the plan, with Elon Musk being one potential candidate, in order to make the movement more visible and widespread.
    • Businesses, institutions, and the government have been distorted and perverted by a philosophy that compromises their missions, leading to a lack of effectiveness and a disregard for the purpose of their existence.
  • 41:44 Challenging the implementation of CBDCs is justified as they are against natural law, ineffective, and counterproductive, with a neo-malthusian agenda to reduce population as part of the Great Reset, and it is important to network with like-minded individuals and spread awareness to refuse this agenda.
    • Challenging the implementation of CBDCs is justified as they are against natural law, ineffective, and counterproductive, as explained in the book on the economics of the great reset.
    • Rectenwald highlights the dangers and consequences of the agricultural industry reset, emphasizing its ineffectiveness, potential for crimes against humanity, and the existence of an agenda.
    • There is a neo-malthusian agenda to reduce the population as part of the Great Reset, and it is important to network with like-minded individuals and spread awareness to build a larger network of people who refuse this agenda.
    • There are two ways to purchase the book, either through Amazon for a cheaper price or directly from the author’s website for a more expensive but signed and hand-delivered copy, and the speaker discusses the Biden Administration’s suggestion in relation to the global agenda.
    • They are considering banning gas stoves due to health concerns and claiming they have a differential impact on people of color, which is just another example of the coordinated agenda to attack the majority and will not help minorities.
    • Rectenwald discusses the potential impact of climate catastrophism and the control of society, including the intrusion into personal freedom through features in new cars that allow authorities to prevent driving based on certain criteria.

Gareth Soloway- Why Tesla Is a National Security Threat No One Saw Coming, Plus the Sleeper Stock to Watch
Stansberry Research ... (From July 6)

Quick Summary:

  • The AI narrative has driven momentum in the stock market, with investors rushing in based on the belief in the potential of artificial intelligence.
  • Google could be a sleeper stock in the AI space, with potential opportunities for investment if it pulls back to around $108.
  • Investors may be overlooking a key factor that poses a threat to Tesla’s success, which is not being widely recognized in the mainstream.
  • The sales numbers for Tesla vehicles in China pose a potential national security threat, as China could leverage its influence to manipulate Elon Musk’s Twitter algorithms and potentially shut down Tesla in China, leading to a significant decline in stock value and Musk’s net worth.
  • Meta’s attempt to create a Twitter-like app makes sense as many users are spending less time on Facebook and seeking alternative platforms.
  • The gold price is expected to experience a breakout in the next few months, potentially reaching new all-time highs.
  • AI advancements will lead to exponential unemployment and increased inequality, creating more strife and discord in society.

Transcript:

  • 00:00
    • Wayfair, Ford, Snap, DoorDash, and Amazon stocks have all experienced significant declines, and a new report advises against investing in Amazon, according to Gareth Soloway.
  • 01:54 Despite forecasts of a market drop, the NASDAQ and S&P 500 had a strong first half driven by investor optimism in stocks and AI, but the speaker predicts a sideways market in the second half due to factors like declining money supply and believes the current AI-driven momentum is unjustified.
    • The speaker, Garrett, joins the show while on vacation and discusses charts with the host, Daniella.
    • Despite forecasts of a significant drop in the US market and economy, the NASDAQ and S&P 500 had their best first halves in years, driven by investor optimism in stocks and interest in AI.
    • The speaker predicts that the stock market will be sideways or fluctuate by about 2% in the second half of the year due to factors such as the decline in M2 money supply, and believes that the current momentum driven by AI is not justified.
  • 04:41 Tesla’s success in beating auto sales numbers and cutting prices is overshadowed by the potential national security threat posed by China’s influence on Elon Musk’s decisions, while AI stocks like Nvidia and Google have the potential for exponential growth.
    • Nvidia stock is not a good investment due to the historical pattern of bubbles in similar industries.
    • AI stocks like Nvidia have the potential for exponential revenue growth in the next five to ten years, similar to the dot-com era, and Google could be a sleeper stock to watch in the AI space.
    • Tesla beat auto sales numbers by 5% despite cutting prices by 20%, but investors are not considering the increasing competition in the electric vehicle market.
    • Over 50% of Tesla vehicles are sold in China, posing a potential national security threat as China could influence Elon Musk’s decisions on Twitter algorithms, potentially leading to a significant decline in Tesla stock and Musk’s net worth.
  • 09:05 A potential solution to fake accounts on Twitter is to create a more positive and restrictive version that allows for fact-checking and advertising, with proceeds going to charity, while the speaker predicts a stock market correction and an impending recession.
    • There are numerous fake accounts on Twitter and the speaker wants more control over the platform, while also discussing Meta’s attempt to create a Twitter-like app due to the decline in Facebook usage.
    • Create a more positive and restrictive version of Twitter that allows for fact-checking and advertising, with all proceeds going to charity, which could potentially raise over a billion dollars.
    • Fake accounts on social media platforms can pose a threat by impersonating real users and engaging in conversations, potentially leading to misinformation and manipulation.
    • Solowy predicts a large correction in the stock market and believes that by the end of the year, most people will accept that the economy is heading into a recession based on historical data and recent negative indicators.
  • 12:54 Factory orders and labor market are slowing down, Bitcoin’s correlation to US stocks still exists, BlackRock’s application for a spot ETF brings optimism, caution advised with SEC labeling Bitcoin as a security and release of Futures ETF, skepticism towards bullish Bitcoin predictions, concern over continued optimism in crypto despite bear markets in the past.
    • Factory orders and the labor market are showing signs of slowing down, while Bitcoin’s correlation to US stocks may be decreasing but still exists to some extent.
    • The speaker discusses the significance of a specific level in the stock market and the potential for downside targets, as well as the renewed optimism in the space due to BlackRock’s application for a spot ETF.
    • The SEC labeling Bitcoin as a security is seen as a positive for the crypto market, but caution is advised as the release of the Futures ETF could potentially mark a short-term high due to the emotional-driven nature of the market.
    • There are various ETFs and options available for playing Bitcoin, but they are not considered game changers and the speaker is skeptical of the bullish predictions for Bitcoin’s price.
    • Bear markets are not over yet as people are still optimistic about crypto, which is concerning because in past crises people were broken and lost hope.
  • 17:45 Gold prices are expected to rise due to a pullback and high demand, while the transition to digital currency through FedNow threatens privacy, making physical gold and silver important for untraceable payments.
    • Gold prices have been boring recently, but there was a big pullback on double tops and now it is expected to start the next leg up and have a breakout in the next few months.
    • There is high demand for gold, as indicated by bullion dealers, but it has not yet affected the price.
    • Solowy discusses how the transition from paper money to digital currency, specifically through the use of FedNow, poses a potential threat to privacy and highlights the importance of physical gold and silver as untraceable forms of payment.
    • FedNow, a new instant payment service, is set to launch in July and will have significant implications, as it will track transactions and potentially compromise privacy.
    • Crypto is not a solution for privacy as it can be easily tracked, and the government’s control over physical assets and online data poses a potential threat to individual freedoms.
  • 22:33 AI technology has the potential to create unemployment and economic disparities, emphasizing the importance of trustworthy individuals in its development, while 3M is a low-risk company with upside potential.
    • AI technology is both beneficial and detrimental, as it will increase unemployment and create more social and economic disparities, highlighting the need for trustworthy individuals to guide its development.
    • 3M is a solid company with low risk and decent upside potential, as it is currently at levels not seen since 2007 and 2011.

Craig Hemke and Chris Vermeulen -July 2023 Precious Metals Projections | Gold and Silver Price Analysis | The Bond Market | S&P 500
Sprott Money ... (From July 8)

Bullet Point Summary: Investors should consider precious metals as a defensive play and hedge against potential losses in the stock market, but should wait for the stock market to reverse before making short-term trades in gold and silver.

  • “You do not want to be holding bonds when interest rates are rising.” – This suggests that holding bonds may not be a favorable investment strategy in the current market conditions.
  • The trend of lower interest rates has been going on for 40 years, but the charts are still pointing to higher Bond rates in the future.
  • Money is flowing into gold as a defensive play due to fear in the markets.
  • “The trend is up even though it’s showing signs of weakness. You don’t just get out of it because you think it’s getting tired.” – Despite signs of weakness, it is important to consider the overall trend in the market before making investment decisions.
  • Despite a short-term downtrend, gold is still in a longer-term uptrend, with a series of higher lows and higher highs, indicating potential support at its current level.
  • “Gold, silver, and gold miners are all interconnected and will move together as one trade.”
  • “The market loves to create a capitulation move where it pushes in the wrong direction against the majority of people, quickly getting them off the wagon and then takes off without them.”
  • “The first pause or pullback can be bought because it should go a heck of a lot higher.”
  • “The whole point is, I provide you know technical analysis and my strategies are all focused around protecting your Capital first if you protect your Capital. The profits naturally come if you get rid of the losses.”

Transcript Summary:

  • 00:00 The Sprott Money summer sale starts on July 17th, offering great deals on precious metals.
  • 01:27 The weaker than expected U.S. unemployment report caused gold prices to rise, while speculation about higher nominal rates and the future of bond prices and interest rates continues; the bond market is trading sideways but starting to slide downward, potentially damaging investor portfolios, as seen in the significant decline of the TLT ETF.
    • The unemployment report in the U.S. was weaker than expected, causing gold prices to rise, and there is speculation about the impact of higher nominal rates on gold prices and the future of bond prices and interest rates.
    • The bond market is currently trading sideways but is starting to slide downward, which could potentially cause significant damage to investor portfolios if it continues to drop to 2022 lows.
    • The TLT ETF, which tracks bond prices, has been experiencing a significant decline due to rising interest rates, resulting in a bearish chart formation.
  • 04:41 TLT can be used to hedge against losses as bond prices fall when rates rise, and the downward trend in bond prices has implications across various markets.
    • Interest rates are rising, causing bonds to go down, and while holding bonds may eventually be a good investment, there is still likely to be more downward pressure on them for a while.
    • The 40-year trend of lower interest rates may continue for a long time before rates start to rise, as indicated by the monthly chart, suggesting a slow-moving but significant cycle of falling rates transitioning into a rising rate environment.
    • TLDR: TLT can be used to hedge fixed income portfolios against losses as bond prices fall when rates rise, and while it is uncertain if losses will continue, the downward trend in bond prices has implications across various markets.
    • As a technical analyst, the speaker follows price trends and only invests in assets that are going up, preferring to hold cash if assets are not performing well, and believes that when interest rates on treasury notes are high enough, money will flow out of equities and into bonds.
  • 08:36 The stock market is showing signs of fragility and exhaustion, but there is potential for a rally and money is flowing into gold as a defensive play.
    • Equity charts like the SP 500 and NASDAQ are showing signs of fragility, with the SP 500 Index ETF experiencing a big move up into resistance and creating an exhaustion island, indicating high momentum in the market.
    • The stock market is likely to rally and fill the price gap after a recent sharp decline, but there may be a short-term pullback due to panic buying and fear of missing out on the next rally.
    • The market is consolidating but will eventually go up, with money flowing into gold as a defensive play, and there is a level on the Spy chart that would indicate a potential roll over.
    • The recent stock market rally reached a critical level and is now showing signs of exhaustion and running out of steam.
    • The market is showing signs of exhaustion and defensive sectors like utilities, consumer staples, and precious metals are coming into play, but the speaker is still bullish on the market and believes it has the potential to go further than expected.
  • 13:20 Investors may turn to precious metals and miners if the stock market declines, as they historically perform well during market downturns, but it is advised to wait for the stock market to reverse before considering gold and silver as a short-term trade.
    • Gold is currently in a short-term downtrend but still in a longer-term uptrend, with support near its 200-day moving average, while the trend for silver is bearish in the short term.
    • Investors may move back into precious metals and miners if the stock market starts to decline, as these sectors have historically performed well during market downturns.
    • The speaker predicts that the recent rally in the stock market is not the start of a major rally, but rather a potential last rally before a deeper correction, and suggests waiting for the stock market to reverse before considering gold and silver as a short-term trade.
    • Spreading your positions over the same asset can be risky as if it goes down, all your positions will go down.
  • 17:36 Silver may experience a short-term downward trend, potentially dropping by 9% before rebounding, and it is important to monitor its movement around the 200-day moving average.
    • Silver is currently showing a short-term downward trend with lower highs and lower lows, and it is important to monitor whether it will break down or rally from its current position around the 200-day moving average.
    • The chart indicates that silver prices may drop by about nine percent to around $21, potentially experiencing a flush out before rebounding as a defensive play, similar to previous patterns observed with gold and miners.
    • The speaker predicts a potential panic and reversal in the market, followed by a new rally, and discusses the criteria for identifying a bear flag.
    • Wait for two previous highs to be broken before buying, as it indicates a change in direction and higher prices, rather than buying at a low and potentially being underwater for years.
  • 21:05 Having an exit and entry plan is crucial for managing positions and avoiding losses, as it goes against human nature to wait for confirmation before making a move.
    • Having an exit and entry plan is crucial for managing positions and avoiding losses, as it goes against human nature to wait for confirmation before making a move.
    • At technicaltraders.com, the speaker provides daily or bi-weekly chart analysis and discusses asset classes, ETF positions, and a strategy called asset revesting, which focuses on protecting capital and achieving consistent account growth, with more information available in a book or on their website.

SILVER: Too Early To Go LONG | Jim Rogers
Soar Financially ... (From July 5)

Quick Summary: Jim Rogers believes that while there are concerning signs for the markets and the world economy, it is too early to sell short, and investors should focus on commodities like silver and sugar, as well as staying informed and avoiding hot tips.

  • “We see some of the signs inflation is rising again. Interest rates are rising again.” – Jim Rogers highlights the concerning signs of inflation and rising interest rates in the market.
  • “The banking crisis and the banks’ lack of proper hedging for rising interest rates is another sign that often occurs near the end of world markets.”
  • “One of the main lessons of history is that people don’t learn the lessons of History.”
  • “Eventually push has to come to shove like where do you see like what’s going to be the straw that breaks the camel’s back when it comes to the U.S debt crisis.”
  • “The U.S can print and spend and borrow and spend that will someday come to an end or someday people will be on TV screaming about it but not yet.”
  • China’s success and growing influence in Asia cannot be ignored, as it has become the second largest economy in the world and will continue to be extremely important in the future.
  • “I cannot imagine the world having an international medium of exchange which is not convertible.”
  • “Artificial currencies have not been successful down the road…we have not ever in history had an artificial currency that’s worked very long.”
  • “The most important advice for any investor is don’t listen to the TV, don’t listen to the radio or the newspaper, just invest only in what you yourself know a lot about.”

Transcript:

  • 00:00 Inflation and interest rates are rising, new investors are entering the market, and there are worrying signs for the markets and the world economy, but it’s too early to sell short according to Jim Rogers.
    • Inflation and interest rates are rising, new investors are entering the market, and while the speaker sees worrying signs, they are not selling short yet.
    • Jim Rogers, a legendary investor in the commodity world, is a special guest on the program discussing the macro and micro aspects of the market, particularly precious metals and miners.
    • Jim Rogers, an accomplished author and investor, is being interviewed and the host expresses gratitude for his presence, acknowledging his reputation for making more right calls than wrong ones and expressing a desire to learn from him.
    • The current state of the global economy is concerning as the United States has not experienced a serious bear market in 14 years, indicating that we may be approaching the end of a long period without economic and financial problems.
    • Inflation is rising, interest rates are increasing, new investors are entering the market, and there are worrying signs for the markets and the world economy.
    • There are signs of developing hysteria and inexperienced investors in the market, which is worrying because it indicates a potential market top and a lack of understanding of the risks involved.
  • 05:58 Central banks keep printing money and governments keep borrowing and spending, leading to a potential U.S. debt crisis in the future, as history repeats itself and people don’t learn from their mistakes.
    • In the late 60s, a laundry changed its name to include “computer” and its stock skyrocketed, showing that history repeats itself and people don’t learn from their mistakes, as seen in the anticipation of the upcoming recession.
    • Central banks keep printing money and governments keep borrowing and spending, leading to a potential U.S. debt crisis in the future.
    • In the video, the speaker discusses how in the past, major events often go unnoticed until they become a problem, and while he is unsure of what the next trigger will be, he believes the US will be able to issue more t-bills by printing more money if needed.
    • The US can continue to print, spend, and borrow, but eventually there will be a crisis when people start worrying about government debt and interest rates, similar to the situation in Japan with their high debt-to-GDP ratio.
    • The constant printing of money by the Bank of Japan is concerning and will likely result in numerous problems, not only in Japan.
  • 10:44 Germany and the US are facing debt problems, China will continue to be important but its currency is not currently convertible.
    • Germany, once seen as a virtuous country, now faces debt problems, while the US may be following a similar path as Japan with a declining population and increasing debt.
    • The US often creates a villain to unite the world, as seen in movies like Batman and Captain America.
    • China has been successful in the past 30-40 years and will continue to be important in the future, with its neighbors also becoming successful, despite potential problems.
    • China’s renminbi may eventually become the world’s medium of exchange, but it is not currently convertible, and there is no other currency on the horizon with that potential.
  • 15:20 The introduction of digital currencies by countries like China will have a major impact on global currencies, while the government’s increasing control over individuals, including monitoring and regulating their consumption habits, is inevitable.
    • Artificial currencies have historically not been successful in the long term, and the introduction of digital currencies by countries like China will have a major impact on global currencies.
    • The government’s increasing control and power over individuals, including monitoring and regulating their consumption habits, is inevitable and happening.
  • 17:26 Commodities, particularly silver, are currently cheap and may be a good investment opportunity due to high stock and bond prices, but overvalued U.S stock prices make the speaker unhappy.
    • Jim Rogers is an adventurous capitalist investor who makes investments when he sees promising opportunities while traveling around the world.
    • Uzbekistan has the potential for investment due to its new leadership, abundant resources, and growing stock market, similar to Kazakhstan.
    • Rogers discusses how commodities are currently relevant to today’s investment cycle.
    • Commodities, particularly silver, are currently cheap and may be a good investment opportunity due to high stock and bond prices.
    • Markets don’t care about personal opinions, but some cheap prices in agriculture make the speaker happy while overvalued U.S stock prices make them unhappy.
  • 22:31 Investing in the big seven S&P stocks as a long-term strategy is warned against, while the demand for commodities like copper is expected to increase due to the transition to electric vehicles, but the speaker does not have a preferred commodity and mentions that silver and sugar are currently cheap.
    • Rogers warns against investing in the big seven S&P stocks as a long-term strategy, citing historical examples of similar situations that ended badly.
    • Inexperienced investors discussing the ease of trading during a 13-year bull market, while the demand for copper and other commodities is expected to increase due to the transition to electric vehicles, but the speaker does not have a preferred commodity and mentions that silver and sugar are currently cheap.
    • The speaker made a successful prediction on soybean prices, but acknowledges that they will make mistakes in the future.
  • 25:52 Investors should avoid buying silver at the moment, but when sentiment turns negative and it is being talked about negatively, that will be the signal to buy before it skyrockets again, and they should invest in what they know a lot about and avoid hot tips.
    • Rogers is not buying silver currently because the market is not indicating a good time to buy, but they believe that when everyone is negative on silver and it is being talked about negatively, that will be the signal to buy before it skyrockets again.
    • Investors should not listen to the TV, radio, or newspaper, but instead invest in what they know a lot about and avoid hot tips.
    • Jim Rogers does not have anything to sell online and does interviews out of a sense of obligation and gratitude for the help he received when he was young.
  • 29:00 Jim Rogers discusses the importance of staying boring to be successful and encourages viewers to subscribe and engage with the channel.

Dave Russell- Five Steps to Protect Your Portfolio from the Coming Economic Storm, with Physical Gold
GoldCoreTV ... (From July 7)

Quick Summary:

The Role of Gold in Portfolio Protection

  • Ray Dalio warns that the world is on the brink of great disorder, indicating that an economic storm is approaching.
  • Understanding the role of gold in your portfolio is crucial as it is an anti-fragile asset that has withstood economic storms for 5,000 years.
  • Gold performs well during times of high inflation, making it a valuable asset for protecting one’s portfolio.
  • The US Dollar has lost 97% of its purchasing power over the years, highlighting the importance of protecting one’s portfolio with physical gold.
  • Investing in physical gold can help protect and smooth portfolio returns, as well as mitigate volatility in times of economic uncertainty.
  • Gold is seen as a reliable asset to protect one’s portfolio during economic storms, indicating its value as a safe haven investment.
  • Adding a 10% allocation of physical gold to your portfolio can significantly increase risk-adjusted returns over the long term.

Gold as an Anti-Fragile Asset

  • “Central banks are buying gold at an all-time high because it is an anti-fragile asset in their portfolio.”
  • Gold is seen as an anti-fragile asset that can provide a store of value and help smooth out returns and dampen volatility in a portfolio, making it a valuable hedge against inflation.
  • Investing in physical gold ensures that you have direct ownership and control over your gold holdings, rather than being part of a larger, potentially diluted ownership structure.
  • Fully allocated physical gold allows investors to take delivery of their gold without additional costs, providing a tangible asset in times of economic uncertainty.

Transcript:

  • 00:00 Economic storm clouds are gathering, so investors should protect their portfolios by including physical gold, an anti-fragile asset that serves as an inflation hedge and store of value.
    • David Russell, director of marketing and communications at Gold Court, discusses the benefits of owning gold as part of a balanced portfolio and invites audience questions at the end of the presentation.
    • Economic storm clouds are gathering and smart investors need to protect their portfolios from the potential negative impact by positioning themselves for the coming economic storm.
    • Gold is an anti-fragile asset that serves as an inflation hedge and understanding its role in your portfolio is crucial for protecting it from the coming financial storm.
    • Physical gold performs well during times of high inflation and is considered a store of value, as demonstrated by its ability to purchase 100 loaves of bread 100 years ago and still maintain its purchasing power today.
  • 04:28 Gold has historically maintained its value and outperformed major fiat currencies, making it a reliable and anti-fragile asset.
  • 06:00 Physical gold is a secure and independent investment option that protects portfolios during economic downturns, as evidenced by its consistent performance during various crises and increasing purchases by central banks.
    • Equities and bonds depend on external factors for their performance, while property in a portfolio relies on the ability of tenants to pay rent, making physical gold a more independent and secure investment option.
    • Gold is an anti-fragile asset that protects and smoothes portfolio returns by being limited in supply and not dependent on central bankers.
    • Gold has consistently performed well during various crises, including post-911, the Global Financial Crisis, the sovereign debt crisis, Brexit, and the COVID-19 pandemic.
    • Gold is a valuable asset that performs well during economic downturns and is seen as essential financial insurance for portfolios, as evidenced by the increasing purchases of gold by central banks, and there are various options for investing in gold such as gold ETFs, gold futures, mining stocks, and physical gold bullion.
  • 11:17 Physical gold, such as coins and bars, is a valuable asset to protect your portfolio from volatility, with larger bars having smaller premiums and smaller bars offering divisibility when selling.
    • Physical gold, including gold held in a gold ETF, is a good store of value, while gold futures and mining stocks are not considered good stores of value due to their exposure to equity risks and liabilities.
    • Physical gold, in the form of coins and bars, is the most tangible and anti-fragile asset to protect your portfolio from volatility, with the choice between buying coins or bars being a personal preference.
    • Premiums are the cost over the spot price of gold that cover the costs of converting a gold bar into an investment grade gold product, with larger gold products having smaller premiums.
    • The cost of physically making larger gold bars is smaller as a percentage of their value compared to smaller bars, but smaller bars offer the benefit of divisibility when it comes to selling off a fraction of the bar.
  • 16:49 Investing in physical gold can be a cost-effective and anti-fragile addition to your portfolio, but it’s important to choose highly liquid options like government minted coins and bars from LBMA approved refineries.
    • Investing in physical gold can be a cost-effective and anti-fragile addition to your portfolio, but storage options and the choice between coins and bars should be considered, as well as understanding what not to invest in.
    • Investing in numismatic gold coins is not the most efficient way to protect and diversify your portfolio with physical gold, as their value is derived mostly from the premium over the gold price rather than the gold price itself.
    • Semi-numismatic coins have less value compared to numismatic coins due to their modernity and limited mintage, making them less closely tied to the gold price and more of a hobby than a solid investment.
    • Investors should look for highly liquid physical gold products, such as coins and bars produced by government mints or LBMA approved refineries, in order to ensure there is a market to sell them when the time comes.
  • 21:34 Ensure you have physical ownership of fully allocated and segregated gold, stored securely at home or in a professional vault, to protect your portfolio from the economic storm.
    • You can store physical gold at home in a secure place or have it stored on your behalf in a professional precious metals vault, ensuring it is fully allocated to you.
    • Investors should ensure they have physical ownership of gold rather than buying unallocated gold products, which only provide a claim on a portion of a larger gold bar.
    • Physical gold should be fully allocated, meaning it is in a format that can be easily delivered, fully segregated from other investors’ gold, and independently audited and verified by a third party.
    • Russell  discusses their unique ability to offer fully allocated and fully segregated physical gold at a similar price to unallocated non-segregated gold, across multiple locations worldwide.
  • 26:10 Increase your allocation of gold in your portfolio by 10% or more to protect against economic uncertainty, as it has shown risk-adjusted returns over the past 20 years, and investing in gold is relatively simple with companies like Gold.
    • Investing 10% of your portfolio in gold is a good starting point for protecting against economic uncertainty, but you can increase that allocation depending on your level of concern and risk tolerance.
    • Consider increasing your allocation of gold in your portfolio by 10% or more to benefit from its risk-adjusted returns, as shown by a study on U.S. pension funds over the past 20 years, and investing in gold is relatively simple with companies like Gold.
    • Open an account, deposit funds, speak to an advisor or make a purchase online, decide whether to take delivery or store the gold.
  • 30:28 Investing in gold is crucial for portfolio protection, and the speaker’s company provides a checklist for purchasing gold, offering the option to download their app or join a Zoom call for inquiries.
    • Gold is an essential form of financial insurance to protect your portfolio from the upcoming economic storm.
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