Friday, July 06, 2018

Peter Schiff, Bob Hoye, Chris Waltzek Ph.D. & Robert Ian - July 6th, 2018 - Radio ©2005-2018. A Spina-Waltzek Production-©2005-2018 Royalty free music from Google Play. Disclaimer: this show is presented as informational content only. Consulting first with a registered financial advisor before investing is advisable.

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Show Highlights
  • Peter Schiff, head of SchiffGold, Euro Pacific Capital, and Euro Pacific Gold Fund (EPGFX) returns with his latest market insights.
  • Inflation is a chief concern at EuroPac, just as the economy is headed back to a 2008 style Great Recession, which could result in Stagflation
  • Stagflation has positive implications for the PMs sector, as illustrated by the 1970's gold bull market, case study.
  • As 2 year / 10 year Treasury note yields invert, perhaps as soon as early 2019, 90% of the time this event coincides with a recession / stock market correction.
  • Fed policymakers will reverse hawkish rate hikes and resume dovish rate cuts to restore normalcy to the markets.
  • The Smoot-Hawley Tariff Act of 1930 resulted in a reduction of 66% of global trade.
  • According to some economists, this exacerbated the Great Depression.
  • The duo examine if the current trade war could be combine with higher rates to foment a new Great Recession.
  • Our guest outlines a possible case for hyperinflation, similar to Venezuela, where the Bolivar went from near parity with the US dollar, to virtually zero, requiring tens of millions of Bolivar to purchase a single ounce of gold.
  • Bob Hoye of Institutional Advisors rejoins the show with upbeat commentary on the PM's sector.
  • The shifting yield curve (spread between 2 and 10 year Treasury Notes), suggests that a liquidity crisis could unfold similar to the Great Recession.
  • 90% of recessions (Michael Pento, 2018) occurred after the yield curve inverted.
  • If the current price hike trend continues with two more anticipated by the FOMC this year, the inversion could portend trouble for the financial markets.
  • Our guest notes that the US has two previous failed experiments in trade tariffs, first "The Tariff of Abominations of 1825," and the 1930 Smoot-Hawley Act.
  • Both Tariff Acts were accused of exacerbating the unemployment, slowing economic growth and curtailing global trade.
  • Officials are advised to proceed cautiously with the current trade tariffs to avoid crushing global economic contraction, collapsing global trade and widespread unemployment.
  • Got gold?

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