Friday, March 10, 2017

Bill Murphy, John Williams and Chris Waltzek Ph.D.

March 10, 2017
Featured Guests
John Williams and Bill Murphy

Show Highlights
  • Following a remarkable 9 week silver market rally, Bill Murphy of says that the gold cartel is back in play in the silver market.
  • Another likely explanation for recent volatility includes the upcoming stealth rate hike by Fed policymakers.
  • Chairwoman Janet Yellen's comments last week startled investors.
  • The Fed Funds Futures contracts (FFF) indicates high odds of a rate hike at the upcoming FOMC meeting, slated for March 14-15.
  • The unexpected move will come 4 months earlier than previously forecasted by the FFF.
  • In 2010, the silver market remained subdued for nearly a year, before staging a 200% rally.
  • Given the bottoming price action, the market could be carving out a similar bottom. The guest and host concur that silver is destined for triple digits.
  • According to Zero Hedge, 160 million Americans, over half the country cannot withstand a $500 emergency expense.
  • Such a dire savings dilemma implies that only a small fraction of the populace have procurred sufficient PM ahead of the coming economic deluge.
  • Once the herd recognizes the threat, the inelastic supply / demand conditions could result in a flock of "Black Swans."
  • Nearly 2,000 global billionaires hold $6.5 trillion in wealth - just one billionaire like silver aficionado Hugo Salinas Price, could corner the silver market.
  • Rogue economist, John Williams of says the Great Recession of 2008-2009 is still underway, contrary to the mainline media.
  • Although the official national unemployment rate is steady at under 5%, the true unemployment rate is at least 4 times as high at 23%.
  • The slight of hand requires an epic cover-up on a grand scale.
  • John Williams outlines how the PTB accomplished the feat and the economic implications.
  • Discouraged workers are no longer counted due to changes in the unemployment calculations making the economy in worse shape than reported.
  • When the true inflation rate is used to deflate GDP numbers, the US has been in an unofficial recession for 16 consecutive years.
  • Free trade has positive theoretical economic benefits, but deleterious ramifications for many high quality domestic jobs.
  • Ultimately the economic fallout will impact the Greenback, which will collapse sending the yellow metal to at least $10,000 and perhaps many fold higher.
  • Case in point, in Venezuela recent reports show that a silver coin suddenly buys $250 worth of groceries.

Show Host
Chris Waltzek Ph.D.
About Chris
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