Friday, February 24, 2017

Bob Hoye & Andy Schectman


Feb. 24, 2017
Featured Guests
Bob Hoye and Andy Schectman

Show Highlights
  • Top money manager, John Ing recently presented to China his forecast for $2,200 an ounce. Our guest is bullish on gold, in the LT.
  • Bob Hoye notes that during every previous post bubble contraction, the real price of gold has ascended, making the PMs a solid portfolio asset, today.
  • Although the Greenback remains relatively strong, eventually the senior currency will be overcome by an inflationary economic maelstrom.
  • The concept of sentient robots / computers has lingered for over 100 years - from Asimov, Frank Herbert and Arthur C. Clarke to Philip K. Dick.
  • The concept of intelligent machines has enthralled readers and moviegoers alike.
  • TV shows such as Person of Interest as well as the UK drama, Humans 2.0 put a modern spin on the issue.
  • IBM's Deep Mind A.I, Alpha-Go defeated the world's Go Grandmaster, an event not expected for at least 10 years.
  • At the core of Deep Mind is a general purpose expert system; basically the program runs simulations.
  • Takeaway point: by allowing the A.I. to learn like a child via trial and error the general purpose A.I. is applicable to any situation.
  • General purpose A.I. appears to be on the cusp of crossing the threshold (note: purely speculative) into the realm of sentient A.I.s.
  • It is conceivable that just such a new life-form may be already live in the Deep Net, saving Bitcoins and establishing a virtual safe world for its digital progeny.
  • Andy Schectman of Miles Franklin Institute ($6 billion in sales) outlines why every investor should diversify their PMs holdings via an offshore account.
  • In 1933, President Roosevelt announced an executive order designed to confiscate gold that included at $10,000 fine.
  • The gold / silver ETFs are a modern equivalent to the executive order, indirectly confiscating the capital that would otherwise be directed to physical PMs.
  • The ideal alternative involves PMs ownership outside the USA via Brinks-Canada, a trusted / respected name in secure storage.
  • Miles Franklin negotiated a one-of-a-kind, fixed rate structure with 100% separate accounts as an added layer of safety.
  • Key point: Miles Franklin holds all client PMs and or cash in a large Brinks security box, which makes it fully insured and non-reportable to authorities.
  • The next Big Thing, appears to be The Internet of Things (IoT), an emerging technology that facilitates communications among virtually all devices.
  • IoT is poised to eclipse the growth of mobile phones, computers, laptops and the internet - a related ETF SNSR could capture much of the potential.

Show Host
Chris Waltzek Ph.D.
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Friday, February 17, 2017

Rob Kirby, Bix Weir & Chris Waltzek Ph.D.

Feb. 17, 2017
Featured Guests
Rob Kirby and Bix Weir

Show Highlights
  • Making his debut show appearance, Bix Weir of RoadtoRoot-A discusses his silver market research efforts.
  • Due to financial derivatives and sophisticated algorithms, the Fed / Treasury control the PMs markets.
  • The former Head Chairman, Sir Dr. Allen Greenspan wrote the first Root-A program at the Fed.
  • Bix Weir claims that Dr. Greenspan's programs underpin the PPT manipulation schemes.
  • Fans of the hit USA Network TV series, Mr. Robot may draw parallels between the protagonist, Elliot Alderson.
  • While many researchers claim the Comex gold / silver is 100:1, our guest identifies a more accurate figure of 2,000:1 paper to bullion.
  • The resulting non-transparency will eventually be embraced by investors, sending the metals to their natural equilibrium levels.
  • The true silver supply situation implies a substantial value opportunity - although the gold / silver ratio is near 70:1, the empirical ratio is 1:1.
  • The market could approach a chaotic tipping point - in 2016 100 billion paper ounces of silver were traded although only 50 billion ounces were ever mined!
  • The LBMA claims over 129 billion ounces traded; a mathematical impossibility resulting from paper money schemes.
  • Both guests this week agree with the host that the US Treasury operates under the table, vis-à-vis the PPT to subdue the PMs.
  • All silver ETFs and proxies remain mere proxies based on the fractional reserve system, magnifying the investment risks associated with rehypothecation.
  • The resulting threat to the global financial system is many times larger in scale / scope than the combined impact of MF Global, Bear Stearns and Lehman.
  • Bix Weir plans to hold silver until market manipulation ends.
  • A convincing case is made for 1:1 gold / silver making the theoretical value of silver is at least $1,300+, a 100 fold relative discount to current prices.
  • Similar to the tragic water reservoir failure currently unfolding in California, Rob Kirby of Kirby Analytics identifies extreme risks to the financial markets.
  • Even the mainstream press is starting to acknowledge the risks posed by market manipulation schemes, in particular, in the PMs sector.
  • Bitcoin GBTC is one of the few remaining de facto free markets, for the most part, as institutions have few short-selling options available.
  • As enticing as Bitcoin appears on paper, threats to the blockchain structure could lead to an exodus of funds into the PMs.
  • Evidently, 3 fold the annual gold production was sold in the market during the US Presidential election, evidence of market manipulation on a grand scale.
  • Our guest proposes that the US Treasury is operating vis-à-vis the Exchange Stabilization Fund / PPT, to subdue the PMs to maintain US dollar hegemony.
  • Policymakers are slowly recognizing that Bitcoin and related alternatives represent a modern example of Gresham's Law.
  • Bitcoin is emblematic of the end game of the neo-Keynesian economic system.
  • Will the fiat currencies eventually succumb to Bitcoin, the only unencumbered currency in circulation?
  • Rob Kirby suggests that the rise in popularity of Bitcoin stems directly from global distrust of central banking operations.

Show Host
Chris Waltzek Ph.D.
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Friday, February 10, 2017

John Williams and Peter Grandich

Feb. 10, 2017
Featured Guests
John Williams and Peter Grandich

Show Highlights
  • Rogue economist, John Williams of says the US dollar rally is a fata morgana, a rate hike bluff by Fed policymakers.
  • The 2008 market collapse / Great Recession never ended; the Treasury / Fed merely sidestepped financial calamity at an enormous cost.
  • Ultimately, the FOMC will be coerced by market forces, resulting in lower rates and sizable balance sheets via toxic debt purchases.
  • Unbeknownst to most citizens, the US Fed's is a private protective unit for the banking / financial elite.
  • Ever since 1932, whenever the growth of real disposable income "takeoff pay" is below 3 percent, the incumbent Presidential candidate always wins.
  • While our guest has high hopes for the new Administration, the 12 month lead time between stimulus and actual results could disappoint the typical American.
  • Our guest expects the Greenback to continue decent to lower lows, resulting in hyperinflation.
  • Only gold / silver investments will thrive under the end game he outlines; every household accumulate several months of canned items and ample cash / PMs.
  • Similar to the New Madrid earthquake stunned the Midwest by reversing the flow of the Mississippi, the next financial crisis will offer little warning time.
  • The new Administration could right the economic titanic in part by reviving the 40 page Glass-Stegall act to heal the financial system.
  • Peter Grandich of Peter Grandich and Company and host discuss one analyst's call for a seemingly outlandish silver price range of $100,000-1,000,000 silver.
  • Bix Weir makes a solid case for a 1:1:1 gold / silver / Dow ratio due to unique supply / demand conditions.
  • Silver deposits pool near the surface, unlike gold, which is characterized by deep mineral veins that extend miles beneath the crust of the earth.
    Most of the easy to find silver may have already been discovered.
  • Insatiable industrial demand for silver as illustrated by a nearly vertical, inelastic demand curve.
  • Once the 165 year old price suppression scheme (Bix Weir) is exposed, little if any silver will be available for investment / currency purposes.
  • Demand is also heating up for gold as a currency safe haven; the price spiked to $3,600 briefly in India two months earlier in India.
  • Inevitably a PMs backed cryptocurrency, similar to BitCoin is a plausible reserve alternative.
  • With the impending exit of Italy from the EU, Peter Grandich expects the EU to continue to unravel, potentially leading to the dissolution of the EU experiment. In summary, Peter Grandich finds gold / silver the most undervalued investment class, worldwide.

Show Host
Chris Waltzek Ph.D.
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Friday, February 03, 2017

Jim Rogers and Charles Hughes Smith

Feb. 3, 2017
Featured Guests
Jim Rogers and Charles Hughes Smith

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Show Highlights
  • Jim Rogers rejoins the show from his Singapore office with his latest market commentary.
  • The crude oil market appears to be building a bottom - he expects the low to emerge this year representing a buying opportunity.
  • Jim Rogers finds value opportunities in the base metals and other commodities sectors.
  • While the US equities markets rally is impressive, our guest points to financial history, noting that 3 rate hikes spells trouble for equities.
  • Given investor's distaste for US Treasuries in recent months, the go-to asset class could be come cash, Greenbacks, US dollars.
  • The US dollar registered a convincing technical bottom in the weekly chart last week, suggesting that the uptrend could resume in the dollar bull ETF (UUP).
  • Jim Rogers is concerned by comments from the new Administration suggesting the potential for trade wars, typically ending with few winners.
  • The discussion includes the pressing issue of financial safe havens.
  • The PMs gold / silver backed cryptocurrencies such as SilverBit / GoldBit offer some of the benefits of both currencies in one instrument.
  • Charles Hughes Smith from the Of Two Minds blog returns with commentary on the US economy / financial markets.
  • US corporate buybacks data indicates that near zero interest rates has enabled thousands of firms to issue debt at low rates used to support share prices.
  • The financial slight of hand is based on the concept of rising corporate earnings.
  • According to work by David Stockman, debt is the primary means of economic growth.
  • Currently the national debt stands at the Dow advance and US debt (Figure 1.1).
  • National income and corporate earnings trends are static, for the most part, suggesting a decreasing return on each dollar of debt accumulated.
  • Debt growth has eclipsed the rate of GDP expansion, presenting yet another red flag, further degrading the nation credit score.
  • History teaches that as currencies are devalued, bad money drives out good, i.e. Gresham's Law, which may explain much of the push to abolish cash.
  • Charles Hughes Smith notes that all the bad debt will eventually be written off - he advocates sound money investments such as arable land and PMs.

Show Host
Chris Waltzek Ph.D.
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