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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