Ron Paul gives a speech in which he argues the point that socialism and war will never prevail. The free market, liberty and truth will always win in the end.
Best Buy is closing 250 of it's mobile stores, there strategy just a couple years ago was to shrink the big stores and open these mobile stores. Jobless claims are back to the level of 1969, the Nixon administration, hmmmm. Real personal spending drops. The FED is going to raise rates and as rates increase the entire economy is going to come down just like it did in 2008. Iran just officially dumped the US dollar, China and Russia are dumping the dollar other countries are doing the same, these countries realize that the system is about to crash and it's time to act.
Back in the 2008 crashed, when the Dow peaked, it didn't fall off a cliff for another six months. The Dow currently is overvalued at least 90 percent, Steve St. Angelo tells Silver Doctors, and we may be in for a repeat of the 2008 crash, only this time, it will be much worse.
St. Angelo lays out a timeline of the crash, forecasting the Dow will first fall to 18,000, then 13,000, then plummet to 3,000. Crazy? Some people would think so. He argues the stock market has been inflated beyond fundamentals. With the popping bubble along with the U.S. shale oil industry disintegrating in the coming years, Dow 3,000 is possible, St. Angelo argues.
When the stock market plummets, he says, money will pile into precious metals, with silver moving up quicker than gold.
Cryptocurrencies are due for a further sell-off. "95 percent of these ICOs are going to disappear."
The Fed has created a mountain of problems. Every solution (of theirs) leads to even more problems. Ron Paul talks about the what the Fed has done, how it tries to keep things going, and the inevitable economic crisis that is coming.
London Analyst Alasdair MacLeod also tells Silver Doctors China's trade, not America’s, is now driving the global economy. He explains the impact this is having on the U.S. dollar.
As the U.S. dollar declines, gold and silver will rise, MacLeod says. He says optimism about the economy is a sign the last phase of the credit cycle has arrived.
Will the coming crisis be worse that 2008? He believes this crisis will be different, with possible bail-ins in the Eurozone. How should people protect against wealth confiscation?
John Rubino discusses how the Bond Vigilantes are enforcing a reconciliation of political myth with economic reality and what this means for stocks, bonds, commodities and precious metals.
William Engdahl discusses the rising economic status of China, Russia, India and other “rogue” nations and why they are now a threat to the U.S. dollar.
Will the dollar survive this global shift in economic power, or will it collapse, falling as all other fiat currencies before it have?
Fred Hickey, frequent cited expert on Bloomberg News and Barron's Roundtable, has been publishing his author extremely well-respected investment newsletter, The High-Tech Strategist, for 31 years. And he is more worried about the state of the financial markets today than he's ever been.
While his primary focus has been on analyzing Tech stocks, over the years he has expanded into macro trend analysis as the central banks starting increasingly intervening in world markets and distorting the price of money. He now finds asset prices dangerously overvalued (within Tech and without) and worries -- as we do -- about the risk of a major market correction and possible currency crises.
Ironically, this lifelong expert in "all things technology" has concluded that gold (the "barbaric relic") is the sanest asset to put one's capital in these days -- both due to its safety factor and it's current level of undervaluation.
He expects the precious metals to fare well during the downward market volatility he foresees, and he is now tracking the mining stocks closely as he predicts they will experience dramatic appreciation from here.
This week Doug Noland joins the podcast to discuss what he refers to as the "granddaddy of all bubbles".
Noland, a 30-year market analyst and specialist in credit cycles, currently works at McAlvany Wealth Management and is well known for his prior 16-year stint helping manage the Prudent Bear Fund.
He certainly shares our views that prices in nearly every financial asset class have become remarkably distorted due to central bank intervention, first with Greenspan's actions to backstop the markets in the late-1980's, and more recently (and more egregiously) with the combined central banking cartel's massive and sustained liquidity injections in the years following the Great Financial Crisis.
If you have a problem then you have a solution, otherwise you're just fussing about the situation. Well, that may be true in most cases, but when we are discussing rigged markets and crony capitalism the solutions can sometimes be evasive.
They do exist, it's just a question of getting to them and bringing them to life. After swimming in the problem, as most of us have been doing for the past several years, it is always refreshing to look at some of the solutions to the collapsing economy and unfolding totalitarian state.