Friday, June 19, 2015

Professor Laurence Kotlikoff, Charles Hughes Smith and Peter Grandich

Professor Laurence Kotlikoff, Charles Hughes Smith and Peter Grandich
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Summary:
  • According to Peter Grandich of Peter Grandich and Company gold is currently trading several times lower than its intrinsic value.
  • Aficionado will delight at his lofty price target.
  • Although market timing can be a profitable and rewarding venture, nevertheless after 30 years of impressive forecasts he's had an epiphany: it only requires one poorly executed trade to ruin decades of work.
  • He's converted to portfolio indexing and diversification with his family's nest egg.
  • A solid core portfolio of index ETFs or mutual funds can facilitate any investor to outperform the top 80% of professional money managers and peace of mind.
  • He's convinced that the worst is over for PMs investors - the 2 year consolidation is actually a spring board to much higher prices.
  • The discussion shifts to the Grexit drama - unfortunately, debt negotiations broke down over the weekend and default appears imminent.
  • Over $1 billion fled national bank accounts in merely a 24 hour period. Peter
  • Grandich expects the Euro currency to be replaced as the current system is beyond repair.
  • Charles Hughes Smith from Of Two Minds makes his debut.
  • The US pays twice per capita for healthcare than in competitor nations.
  • Institutions purchased foreclosed properties at bargain basement prices, thousands at a time, resulting excessive real estate prices in desirable areas.
  • The global central bank QE plan involving low rates is backfiring as bond investors bid up yields due to default risk issues.
  • The guest / host discuss the Fed monetary base, which has moved in a parabolic fashion since the stock market bottom in 2009.
  • Charles notes that the actual economy has experienced little if any growth.
  • Most markets are approaching bubble-like condition.
  • Dr. Laurence Kotlikoff, author of the Inform Act (please click to sign, supported by 17 Nobel Laureates) recently gave a speech before the US Senate.
    He
  • showed that the government is broke; the actual national debt is 12 times the annual GDP, $210 trillion when unfunded liabilities are included.
  • His solution to the dilemma, the Inform Act has the support of over 17 Noble Prize winning economists.
  • According to his findings, the US government is in far worse fiscal shape than Detroit when officials declared bankruptcy.
  • Since 2007, the Fed balance sheet has increased by over 4 fold, comparable to other nations before declaring bankruptcy.
  • Given the domestic debt situation, Dr. Kotlikoff expects the perfect economic melange for hyperinflation to send prices soaring.
  • No government agency has agreed to follow his economic panacea, fiscal gap accounting, which is required to resolve the issue via transparency.

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