Friday, December 07, 2018

Harry S. Dent Jr., Bob Hoye, Chris Waltzek Ph.D. & Robert Ian - December 7th, 2018 - Goldseek.com Radio. A Spina-Waltzek Production-©2005-2018 http://radio.goldseek.com/ Royalty free music from Google Play. Disclaimer: this show is presented as informational content only. Consulting with a registered financial adviser before investing is advisable.

Dec. 7th, 2018
(S13-E673)
Featured Guests
Harry S. Dent Jr.
& Bob Hoye

Show Highlights
  • Harry S. Dent Jr., the Author of Zero Hour and Editor of Economy and Markets newsletter - link to FREE newsletter, rejoins the show.
  • Gold, silver and related shares appear to be building a solid base for an advance as well as cryptos where Bitcoin could ascend to $25,000.
  • The Blockchain concept will thrive as the backbone of the new Internet 2.0, with profound utopian-like implications for virtually every aspect of life.
  • Entertainment, employment, banking, finance, education, legal, healthcare, insurance, voting security and government with benefit from the blockchain.
  • The decentralized peer-to-peer, transparent, blockchain based currency model will over time, inevitably overturn the opaque and highly regulated fiat model.
  • The Blockchain will lessen the frequency and magnitude of economic bubbles and their subsequent contractions.
  • The worst of the US stock market correction seems to be in the rearview mirror at least until the Fed wraps-up the rate hike cycle in mid-2019.
  • Next year could mark the ultimate zenith for US equities as the current price "Bubble" culminates with the Dow Jones Industrials topping 30,000.
  • The resulting price crash could mirror the -89% drop in '30-'33.
  • The bubble parallel extends to the ominous Dot.com peak of 2000 where trade tariffs and immigration issues may have contributed to the declines. Current markets have extended beyond the dreams of avarice, including global real estate, stocks, and commodities.
  • A primary Baby Boomer group that comprises 50% of spending will soon curtail purchases, potentially in a significant decline in GDP growth.
  • The net affect could slow domestic economic output for years, further burdening the already challenged system where over half of US households already require Federal assistance.
  • In Part II. with Bob Hoye of Institutional Advisors, the narrative includes cryptocurrencies.
  • The high level of misinformation surrounding the de facto currency of the future requires closer examination.
  • The debate between Bitcoin aficionados and naysayers is put under the microscope.
  • The viability of Bitcoin as a payment system with a few transactions per second versus credit card companies that facilitate thousands per second. The the host notes the inexpensive nature of transferring wealth, sometimes as low as $0.01 per $10,000 Bitcoin transaction.
  • The same transaction using traditional wire transfers could cost "tens of thousands of dollars" and require days to clear.
  • The argument was debunked by numerous sources as Bitcoin is easily tracked by authorities, offering far less opacity than fiat currency.
  • According to media sources, privacy coins such as Monero and Zcash are rarely used for the dark-web transactions, deemed less desirable.
  • Although in bear market territory, a few altcoins are showing signs of life, such as SALT and WAVES; both rebounded around 50% this week.
  • Key takeaway, Bitcoin is the antithesis of draconian fiat money, which is not prescribed by the US Constitution.
  • Bitcoin sidesteps rent-seeking behavior by transferring wealth directly among the masses thereby enhancing personal freedom for the masses.
  • Bitcoin closely emulates the role of money as outlined by the US Constitution.
  • Ethereum offers machines / AI personal freedom today and likely even pets in the future via breakthroughs in inter species communication.
  • The discourse concludes with a memorial to the hundreds lost in wild fire tragedies, such as in the November 2018, Paradise CA inferno and a simple, inexpensive plan of last resort to avert future disasters: .pdf file.

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Friday, November 30, 2018

Peter Schiff, Bob Hoye, Chris Waltzek Ph.D. & Robert Ian - November 30th, 2018 - Goldseek.com Radio. A Spina-Waltzek Production-©2005-2018 http://radio.goldseek.com/ Royalty free music from Google Play. Disclaimer: this show is presented as informational content only. Consulting first with a registered financial adviser before investing is advisable.

Nov. 30th, 2018
(S13-E672)
Featured Guests
Alasdair MacLeod & Arch Crawford



Show Highlights

  • Peter Schiff, head of SchiffGold,Euro Pacific Capital, and Euro Pacific Gold Fund (EPGFX) joins the show from his vacation office in tropical Crypto-Rico, where air conditioning service, not heating is the chief concern today.
  • Key takeaway - gold is building a base that will likely culminate in new record prices, from $2,000 - $5,000 and under extreme conditions, $10,000+.
  • Part I. of the talk includes key topics: PMs, US Equities Bear Market, Crude Oil and general commentary on the US economy.
  • The guest / host outline their thoughts on how to "Make America Great Again," via a coordinated revamp of the current tax structure and encouraging private charities.
  • The design set forth by the original Scottish Church charities for widows / orphans over 250 years ago, remains a most productive charitable system.
  • Part II of the discussion involves an in-depth debate on the merits / challenges facing cryptocurrency market investors, slated for next week.
  • Our guest notes that gold reached a bear market nadir in 2015 and is building a base for a new bull run.
  • Conversely, the US equities market could be entering bear market territory.
  • Given that an economic downturn is overdue by several years, both the guest and host concur, 2019 will likely register two quarters of declining US GDP.
  • 2019 could register the firstofficial recession in one decade.
  • The big wild card remains the upcoming G-20 showdown between the US POTUS and China’s Jinping.
  • The G-20 summit takes place in Argentina, where leaders will negotiate to resolve trade tensions.
  • The United States could tariffs on 25 percent on $200 billion of Chinese imports on Jan. 1 from 10 percent currently, unless U.S. concerns are resolved at the summit.
  • China, a large gold buyer, has suffered economically from tariffs, in particular industrial manufacturers and suppliers.
  • Whereas US pundits note that the balance of power in the trading arena has been so skewed against the US for so many decades that tariffs might be necessary.
  • Market watchers hope for improved relations between the two global economic superpowers, which would likely put a floor under equities.
  • Investors continue to pour funds into the The SPDR Gold ETF (GLD) as a hedge against what could be a new bear theme in US equities.
  • GLD has seen a surge in assets over the last month; the largest gold ETF received $600 million, a sizable one month increase.
  • GLD ETF recorded big interest from investors in October due to rising market volatility, with $472.3 million in inflows for the calendar month.
  • The Fed is approaching the end of its rate tightening cycle, with the ECB announcing plans to begin quantitative tightening.
  • Many markets priced to near perfection for at least 12 months, against the backdrop of employment and inflation at multi-decade lows.
  • Today the Fed Chairman Powell gave a key speech on the latest FOMC meeting minutes.
  • Current FFF contracts at the CBOE indicate Fed policymakers will hike rates once more this year, next month and at least 3 three more hikes in 2019.
  • The PMs markets could receive trillions of dollar from pensions funds that have less than a fraction of one percent in the yellow metal
  • Nick Barisheff of Bullion Management Group is recovering from an illness; please forward get-well messages to Marty, M.Nicandro@bmg-group.com.
  • In Part I. of this discussion with Bob Hoye of Institutional Advisors includes a startling sea change in attitude towards the PMs sector.
  • After years of bearishness, Bob Hoye announced the potential for an epic GOLD RUSH on the horizon in the PMs sector, in particular, the mining shares.
  • Lower expenses and deflation in typical shares enhance their appeal of PMs equities to the benefit of shareholders.
  • 10 million percent inflation is expected in Venezuela, as forecasted by the IMF in a Reuter's article on GATA.org.
  • Today, $300,000 could soon be required to purchase a $3 loaf of bread, just 2 years earlier and a gold coin $120,000,000 or $120 million!
  • Parallels are drawn between the numerous inflationary fiasco's from the genesis of civilization until today, including Ancient Greece, Rome, China.
  • 100 years of inflation occurred during the 1700's in France, perhaps best illustrated by the easy to read, Fiat Money Inflation in France (White, 1876),
  • In the last century, hyperinflation ravaged the economies throughout Europe as well as Zimbabwe.
  • Today Venezuela is unraveling amid runaway inflation, and Argentina is on the cusp of hyperinflation at 32%, while Brazil is on the inflation watchlist.
  • Just as gold and silver shielded purchasing power millennia hence, the perfect panacea for hyperinflation today remains PMs investments.
$729 Neighborhood
Fire Shield
Poor Richard
PDF File
Abstract
This brief paper outlines an economical solution to the perennial inferno-problem plaguing California, resulting in tragic-fatalities and billions of dollars in property damages.While the valiant efforts of fire fighters improved conditions, still approximately 100 lives and 12,000 structures were lost in the November 2018 Paradise CA blaze. The research suggests that a fail-safe option could significantly improve conventional fire fighting methods. The$729 Firezat home shield represents an inexpensive, practical and mobile neighborhood fire-defense of last resort.
$729 Neighborhood Fire Shield
Introduction
The 2018 California infernos were the most devastating on record, registering "National Disaster, status." In Paradise CA alone, over 10,000 homes and 12,000 structures were lost, virtually the entire town. An earlier 2018 blaze in Redding CA resulted in hundreds of lost homes, many tragic fatalities and 300,000 evacuations. While some pundits blamed inadequate water resources as a key issue in combating the wild fires, local authorities countered that ample water was available. The more likely culprits cited were: arid conditions, foliage overgrowth and urban sprawl in remote fire-prone forest regions.While the valiant efforts of fire fighters saved numerous lives, over 12,000 structures were still lost (figure 1.1.). Although home insurance is a relief for some victims, delays in payouts and difficulty finding temporary dwellings can be devastating. In addition, jobs losses magnify distress; temporary living arrangements tend to be a haven for nasty viruses and bacterial infections, a key factor for seniors and those with distressed immune responses. Stories continue to emerge of formerly wealthy families who lost thousands and even millions in cash / jewelry / bullion / artwork, most of which was not coverable by typical insurance policies. Clearly a fail-safe option is required to assist conventional fire fighting methods. At the heart of this simple proposal, the inexpensive Firezat shield represents a remarkable product that has proven its worth through the years by forest management and fire fighting professionals.

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Guest Bios
Bob Hoye
Institutional Investors

With a degree in geophysics and a number of fascinating summers in mining exploration, one winter in "the bush" quickly led Bob into the financial markets. This included experience on the trading desk and in the research department of a large investment dealer, which led to institutional stock and bond sales.
Bob's review of financial history provided the forecasting models designed to anticipate significant trend reversals in the sometimes alarming volatility typical of the transition from rampant speculation in tangible assets to fabulous speculation in financial assets.
In anticipation of the latter opportunity, a monthly publication for financial institutions was started in January 1982.
This competently covered the stock market, the yield curve, credit spreads as well as metal and energy prices.
In 1998 the Institutional Advisors website was started as a forum for unique and reliable financial research.
Website: click here.

Peter Schiff
Schiff Gold
Peter Schiff President & Chief Global Strategist
Peter is one of the few investment advisors to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts of the mortgage meltdown, credit crunch, and decoupling of commodities, precious metals, and foreign markets from the U.S. Dollar, he has become a sought-after economic commentator on a range of investment topics. Peter delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, L.A. Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting a weekly radio show. As an author, he has written four best-selling books, including his latest: " Crash Proof 2.0: How to Profit from the Economic Collapse" and "How an Economy Grows and Why It Crashes."
Schiff Gold: click here.

2018 Archives

Sunday, November 25, 2018

Alasdair MacLeod, Rob Kirby, Chris Waltzek Ph.D. & Robert Ian - November 23rd, 2018 - Goldseek.com Radio. A Spina-Waltzek Production-©2005-2018 http://radio.goldseek.com/ Royalty free music from Google Play. Disclaimer: this show is presented as informational content only. Consulting first with a registered financial adviser before investing is advisable.

Nov. 23rd, 2018
(S13-E671)
Featured Guests
Alasdair MacLeod & Arch Crawford



Show Highlights
  • Head of Research at GoldMoneyAlasdair MacLeod makes his show debut on Thanksgiving Day, 2018.
  • Listeners are encouraged to bookmark his weekly commentary at Goldmoney Insights.
  • The Bank of England (BoE) refused to honor its custodial arrangement and return 14 tonnes of gold held on behalf of Venezuela (MacLeod, 2018).
  • Standard anti-money laundering concerns were cited as the chief reason for the refusal.
  • The fact that the lenders of last resort within the central bank cartel are experiencing dissent among the ranks could send reverberations.
  • Actions by the BoE illustrate that the system based on transparency is flawed amid such unanticipated opacity in the financial system.
  • If central banks cannot even maintain trust within their own ranks, how exposed is the typical investor to rehypothecation, confiscation.
  • Alasdair MacLeod notes that sovereign gold ownership has now morphed into a geostrategic challenge within the global economic arena.
  • Russia is rejecting the US dollar as the de facto reserve currency, opting instead to procure gold and silver bullion for a new sound-money currency.
  • President Putin also directed the accumulation of the largest strategic silver stockpile, worldwide.
  • China may have quietly accumulated the largest stockpile of gold in the world in anticipation of a gold backed Yuan, up to 25,000 metric tons.
  • China's hypothesized total of 40,000 ton stockpile plus the hastily growing reserves of Russia are viewed as a hedge against sanctions.
  • Our British guest wraps up the discussion with an eloquent review of the Brexit situation from ground zero.
  • Arch Crawford, head of Crawford Perspectivesfor 41 consecutive years rejoins the show.
  • Our guest advises investors to hold a core position in gold, which could develop a base near current levels.
  • A close above $1,370 would indicate a sign of pent-up bullish demand.
  • Arch Crawford has closed all long positions in US equities and is holding short-term index puts, in case the current consolidation breaks support.
  • The host proposes a 20% correction is a most likely outcome if recent weekly lows are breached.
  • If equities hold support in 2018, next year is expected to lead to new record levels and the epic selloff will be delayed until 2020.
  • Key reasons for the equities downturn include quantitative tightening (QT) where Fed officials are reversing the decades-long constrictive rate policy.
  • Financial history is replete with tales of failed tariffs that rarely bode well in the long-term for countries that adopt the sanctions.
  • Such Fiscal policies attract rent-seeking behaviors that typically line the pockets of political allies, doing little to improve overall economic welfare.
  • The host proposes that corporate officers prepared for imminent tariffs by accumulating key strategic resources.
  • The resulting significant price increases, inadvertently ignited a US equities market advance.
  • Now that corporate warehouses are fully stocked with requisite resources inelastic demand is yielding to more elastic conditions.
  • Tariffs are de facto inflationary resulting in higher prices across the economic spectrum, to the detriment of working / middle class citizens.
  • Two previous failed experiments in US trade tariff policy include, "The Tariff of Abominations of 1825," and the 1930 Smoot-Hawley Trade Tariff Act.
  • Officials are advised to proceed cautiously with the current trade tariffs to avoid a crushing global economic contraction.
  • Last Thursday news that United States and China increased efforts to resolve lingering trade disputes, according to a Financial Times report.
  • The United States and China doubled their efforts to hammer out a reasonable solution to the eight month trade dispute.
  • The potential silver lining to the entire fiasco is being spearheaded by the US President and his Chinese counterpart Xi Jinping.
  • The meeting is slated for later this month at a G-20 summit in Buenos Aires, Argentina.
  • Evidently China has agreed to remove several demands on the U.S. Government regarding Chinese trade practices.
  • Officials in the US have also purportedly extended an olive branch by putting upcoming tariffs on Chinese goods on hold with the proviso to halt the $267 billion on China if the upcoming meeting between the two Presidents arrives at an amicable solution.
Poor Richard's $729 Solution
This brief proposal outlines an economical solution to the perennial inferno problem plaguing California, the tragic fatalities that follow and billions of dollars in property damages(an open dialogue - suggestions encouraged).
Given that $729 is the cost a single FireZat home shield and 10,000 homes in a typical town, an investment of only $7.29 million will insulate the area, merely a fraction of the cost compared to the billions of dollars lost in the inferno it is economically feasible to prepare every US home / structure in fire plagued regions, each shield can be conveniently shipped to homes. The impact of future infernos could be vastly lessened by slowing the advance of the blaze and gaining precious minutes for firefighters and aerial support time to arrive at the scene (figure 1.1.). Heavy duty, yet lightweight, fire resistant mylar sheeting, can be distributed to every house in each neighborhood. Customized Firezat Shields are re-useable, withstand up to 1100 degrees Fahrenheit, store for at least a decade, and are available to authorities who issue a siren advisory to alert citizens to install the shields over each house, thereby averting much of the destruction, particularly in areas most remote from firestations, low water flow areas and high risk hotspots and all that is required is leadership (forwarded to the Orange County Fire Authorities, Chief Marc Stone and the US White House)

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