Friday, June 30, 2017

Martin Armstrong and Peter Schiff

June 30, 2017
Featured Guests
Martin Armstrong and Peter Schiff
(guests listed alphabetically)

Show Highlights
  • Despite the coordinated efforts of the PTB to cap the price, gold has still ascended about 10% in 2017.
  • Their efforts are in vain as the price of gold will inevitably reach its intrinsic value, north of $2,000.
  • The gold revival could be abrupt as investors scramble to procure the metal at almost any price.
  • Peter Schiff expects the nascent gold bull market hinges on a shift in Fed policy to rate cuts and renewed QE4. Home ownership remains near 60 year lows; the housing market is approaching Bubble 2.0 levels.
  • Commercial real estate is also in jeopardy due to excessive vacant space amid a "Retail Apocalypse." Peter Schiff calls for lower government oversight / regulation to reduce the burden of employment.
  • US educators are encouraged to implement an apprenticeship program.
  • Peter Schiff cautions investors to avoid paper gold contracts - gold bullion presents the best opportunity for wealth preservation.
  • In Part I of this riveting discussion with global financier, Martin Armstrong of Armstrong Economics, discusses his two upcoming seminars.
  • The Forecaster was one of the few to correctly anticipate the runaway bull market in US equities.
  • He is calling for 23,000 Dow and if that is eclipsed, perhaps a parabolic move as the general public lost its appetite for shares during the 2009 crash.
  • Our guest expects the European Central Bank (ECB) to file for bankruptcy protection, culminating with higher rates.
  • According to his capital flow analysis, he presents contingency plans for investors to shield their portfolios from the onslaught, including gold.
  • Ethereum was recently used in an IBM / Samsung program to help a washing machine, order its own detergent, call and pay for repair service.
  • The sea change event will facilitate the Internet of Things (IoT), encourage artificial intelligence and lead to breakthroughs not yet anticipated by even top notch SciFi writers (figure 1.1).