Episoder
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Tom Bodrovics welcomes back Lobo Tiggre, the author and publisher of TheIndependentSpeculator.com. Lobo leads a team that provides independent due diligence and evaluations for investors, filling a role similar to consumer reports or brokers. He discusses the growth of their business despite industry downturns, reflecting on Rick Rule's advice about building teams and filling different market niches.
The conversation shifts to macroeconomic topics, including the impact of fiscal dominance on monetary policy and potential economic consequences. Lobo shares his past prediction of a U.S. recession in 2024 being incorrect and credits Lynn Alden's fiscal dominance thesis for ongoing deficit spending.
Lobo also explains the implications of soft landings, potential stagflation or reflationary economies, and the role of copper as an economic indicator. He emphasizes the importance of current market trends over ideological theories and due diligence in investment decisions. He shares his highest conviction trades for gold, uranium, and copper for various years, with copper being his top pick for 2025 based on bullish economic context and the favorable supply-demand fundamentals.
Time Stamp References:0:00 - Introduction0:40 - The Gang of Rogues5:16 - Macro Picture & Signs9:40 - Fed & Fiscal Dominance14:30 - Voting Harder16:44 - Industrial Recession?23:53 - Inflation Waves32:14 - Dr. Copper?36:57 - Fundamentals Matter?42:00 - Copper Grades & Costs45:45 - Pre Prod. Sweet Spot52:20 - Promises Vs. Reality55:14 - High Conviction Play58:06 - Wrap Up
Talking Points From This Episode
Lobo's team provides independent investment evaluations, filling a role like consumer reports or brokers.
Macroeconomic topics discussed include fiscal dominance, recession predictions, and economic implications.
Copper is his top pick for 2025 due to bullish economic context and favorable supply-demand fundamentals.
Guest Links:Website: https://independentspeculator.comTwitter: https://twitter.com/duediligenceguyFacebook: https://www.facebook.com/louis.james.965580/Linkedin: https://www.linkedin.com/in/lobotiggre/
Lobo Tiggre, aka Louis James, is the founder and CEO of Louis James LLC, and the principal analyst and editor of IndependentSpeculator.com. He researched and recommended speculative opportunities in Casey Research publications from 2004 to 2018, writing under the name "Louis James." While with Casey Research, he learned the ins and outs of resource speculation from the legendary speculator Doug Casey.
Although frequently mistaken for one, Mr. Tiggre is not a professional geologist. However, his long tutelage under world-class geologists, writers, and investors resulted in an exceptional track record.
A fully transparent, documented, and verifiable track record is a central feature of the IndependentSpeculator. Mr. Tiggre will put his own money into the speculations he writes about, so his readers will always know he has "skin in the game" with them. -
Tom Bodrovics welcomes back former congressman Dr. Ron Paul from Texas and Liberty Report host to discuss the link between liberty and the economy. Dr. Paul insists that freer societies are more prosperous, advocating for a sound monetary policy as crucial for economic health. He condemns interventionist policies and criticizes the Federal Reserve's manipulation of interest rates, citing 1921 as evidence of a hands-off approach leading to a better recovery from an economic downturn.
During the conversation, Dr. Paul expresses his aspiration to terminate the Federal Reserve and proposes steps towards accomplishing this goal, including repealing the Federal Reserve Act and enforcing the Constitution. Although he acknowledges that the process might not be easy due to the nation's addiction to low-interest rates and easy money, he emphasizes the importance of recognizing inflation as a tax on people's money and advocates for Fed auditing as a path to transparency.
Dr. Paul supports gold-backed bonds as a means of promoting fiscal restraint and offering individuals a valuable savings opportunity. He denounces tariffs as an ill-conceived solution for economic matters, suggesting instead the elimination of burdensome business regulations. Furthermore, Dr. Paul expresses concerns about government information's lack of transparency and encourages citizens to educate themselves on constitutional principles in order to safeguard individual liberties.
Dr. Paul concludes by urging listeners to act upon their convictions and principles, underlining the significance of education in history and economics. He also presents his homeschooling curriculum as a substantial contribution to fostering individual liberty and countering excessive government control over education and healthcare. Ultimately, Dr. Paul underscores the importance of personal accountability and the risks of government intervention in diverse areas.
Time Stamp References:0:00 - Introduction0:36 - Economics of Liberty3:24 - Government Efficiency5:00 - Audit & End The Fed12:58 - Shelton & Gold Bonds14:36 - Tariffs & Regulations23:12 - Accurate Information?25:36 - What Should We Do?27:29 - Wrap Up
Guest LinksTwitter: https://x.com/ronpaulWebsite: http://www.ronpaullibertyreport.com/Website: http:///ronpaulinstitute.org
Ron Paul is an American author, physician, and former politician. He was the U.S. Representative for Texas' 14th and 22nd congressional districts. Ron represented the 22nd congressional district from 1976 to 1977 and from 1979 to 1985 and then represented the 14th congressional district, which included Galveston, from 1997 to 2013. On three occasions, he sought the United States presidency: as the Libertarian Party nominee in 1988 and as a candidate in the Republican primaries of 2008 and 2012. Paul is a critic of the federal government's fiscal policies, especially the Federal Reserve and the tax policy, as well as the military-industrial complex and the War on Drugs. Paul has also been a vocal critic of mass surveillance policies such as the USA PATRIOT Act and the NSA surveillance programs. Paul was the first chairman of the conservative PAC Citizens for a Sound Economy and has been characterized as the "intellectual godfather" of the Tea Party movement.
A native of the Pittsburgh suburb of Green Tree, Pennsylvania, Paul is a graduate of Gettysburg College and the Duke University School of Medicine, where he earned his medical degree. He served as a flight surgeon in the U.S. Air Force from 1963 to 1968. In addition, Ron worked as an obstetrician-gynecologist from the 1960s to the 1980s. He became the first Representative in history to serve concurrently with a son or daughter in the Senate when his son, Rand Paul, was elected to the U.S. Senate from Kentucky in 2010.
Paul is a Senior Fellow of the Mises Institute and has been an active writer, publishing on the topics of political and economic theory and publicizing the ideas of econ... -
Manglende episoder?
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Tom welcomes back Martin Armstrong from Armstrong Economics for a discussion on the geopolitical landscape and growing frustration with government. Armstrong expresses his belief in an increasing frequency of impactful events due to disillusionment with western governments. Martin delves into the deep state, historical examples of centralized governments leading to instability, and the need for decentralization and respect for individual sovereignty.
Armstrong shares personal experiences and insights about Trump and RFK's anti-war stances. Martin touches upon historical issues, including World War II, communism, the Roman Empire, war causes, and the use of sanctions. Concerns are raised about unsustainable debt systems and their correlation with conflict.
Tom pivots the conversation to Argentina's recent budget surplus, potential application in making cuts to U.S. government waste. Criticisms follow regarding Federal policies to undermine U.S. States and inact gun control.
Predictions for an economic depression by 2032 are shared, with discussions on differences between a recession and a depression, government debt defaults, interconnectedness of economies, and concerns over career politicians. The role of the U.S. dollar as a global reserve currency, and potential implications for the world economy are also discussed.
China and Russia's potential role in a global economic takeover, natural resources, the Ottoman Empire, monetary crises, gold on the yield curve, practical implications, gun control, authoritarianism, and vigilance are among other topics covered.
Time Stamp References:0:00 - Introduction0:35 - Many Geopolitical Shifts12:32 - Trump & Ending Conflict27:39 - Cutting Back Gov't36:30 - Civil Unrest Preps46:15 - 2032 - The End Game53:42 - Trump, BRICS, & Dollar1:04:54 - Russia's Resources1:07:58 - Risks & Solutions1:13:50 - Shelton & Gold Bonds1:18:33 - National Guard Concerns1:21:08 - Wrap Up
Talking Points From This Episode
Growing disillusionment with governments leads to increased impactful events: Armstrong emphasizes decentralization and respect for sovereignty to prevent global unrest.
Trump, RFK's anti-war stances discussed: Influence on NATO territories like Afghanistan and Ukraine, personal meetings recounted.
Predictions of economic depression by 2032: Discussions on debt defaults, interconnected economies, and career politicians' concerns.
Guest Links:Website: http://armstrongeconomics.comTwitter: https://x.com/strongeconomicsFacebook: https://facebook.com/martin.armstrong.167Amazon Book: https://tinyurl.com/ybtrslr9
Martin Armstrong is the Owner and Researcher for the website Armstrong Economics. He is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.
At age 13, Armstrong began working at a coin and stamp dealership in Pennsauken, New Jersey. After buying a bag of rare Canadian pennies, he became a millionaire in 1965 at the age of 15. He continued to work on weekends through high school, finding the real-world exciting, for this was the beginning of the collapse of the gold standard. Martin became captivated by this shocking revelation that there were not just booms and busts, but also peaks and valleys that would last centuries.
Armstrong progressed from gold coin investments to following commodity prices for precious metals. In 1973, he began publishing commodity market predictions as a hobby, and in 1983 Armstrong began accepting paid subscriptions for a forecast newsletter.
"In Armstrong's view of the world where boom-bust cycles occur like clockwork every 8.6 years, what matters is his record as a forecaster. He called Russia's financial collapse in 1998, using a model that also pointed to a peak just before the Japanese stock market crashed in 1989. These days, as the European sovereign-debt crisis roils markets worldwide, -
Tom welcomes back Christopher Grove to the show. Chrisopher is President and Director of Commerce Resources and an expert on the rare earth element market.
Despite China's lack of direct involvement in the export halt of germanium, gallium, and antimony to the U.S., it underscores Beijing's dominance in the sector. With the surge in demand for rare earth elements due to technology advancements, particularly permanent magnets for electric vehicles, no new significant producers have emerged since 2011-2012. Prices have reverted to levels last seen then as a result. China's manipulation of input feedstock prices has caused unease and encouraged nations to seek alternative rare earth element sources
The US Department of Defense is investing in vertically integrated supply chains, as shown by the Defense Industrial Base Consortium and the Global Partnership Initiative. China's market dominance remains a concern but presents an opportunity for countries to invest in creating alternative sources. Chris discusses the challenges he faced as CEO of Commerce Resources, including high Canadian mining regulations and the repeal of the uptick rule on the Toronto Stock Exchange. This rule change has led to significant losses for resource companies when they release positive news. Grove plans to list Commerce Resources on the Australian stock exchange in late Q1 or early Q2 of 2025 as a potential solution to address this challenge. The discussion discusses the complexities and challenges of mining in Canada and importance of advocacy efforts to relevant government bodies.
Commerce Resources is completing an updated preliminary economic assessment for its Ashram project and awaiting responses from grant opportunities in Canada and the United States.
Time Stamp References:0:00 - Introduction0:47 - Rare Earths & China8:15 - China & Processing11:33 - Western Deregulation?15:50 - Substitution18:59 - Recycling?19:57 - Adapting to China21:34 - Biggest Deposits?25:45 - Personal Challenges29:21 - Miners & Shorting34:52 - Canadian Challenges38:15 - Commerce Resources41:33 - Wrap Up
Talking Points From This Episode
China's dominance in rare earth elements poses challenges but also opportunities.
No significant new rare earth producers have emerged since 2011-2012.
US Defense Department investing in vertical supply chains to reduce dependence on China.
Guest Links:Twitter: https://twitter.com/commercerescceWebsite: https://commerceresources.com/
Mr. Christopher Grove is President and Director of Commerce Resources since September 2014. Previously, he worked as Corporate Communications for Commerce since 2004 and has significant contacts within the financial communities in North America and Europe. Mr. Grove joined the Commerce Resource board in 2012 and has been active in representing the company abroad. -
Tom Bodrovics engages in a discussion with Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, former Fed Insider, and author of the book "Fed Up."
Danielle stresses the importance of monitoring private sector actions, particularly in 2025 due to recent job losses and the significance of shelter inflation's impact on the Federal Reserve. She highlights an upward trend in unemployment rates and potential recession expectations, but does not believe one is necessary. The conversation touches upon central bankers' confidence bubble and its implications for the current economic climate.
They also delve into commercial real estate markets and the potential repercussions on banks and markets. Serious concerns in this sector have led to double defaults on commercial mortgage-backed securities, with regulators putting pressure on credit rating agencies not to downgrade them.
Tom also inquires about other financial burdens, such as rising unemployment, falling house prices, and mortgage delinquencies, which contribute to significant household financial pressures. Canadian banks have announced larger losses but maintain they are contained. Banks attempt to slow charge-offs by modifying loans and extending terms, but this approach has limitations due to the possibility of re-default.
Danielle concludes the conversation by encouraging listeners to maturely face sacrifices and embrace long-term benefits that come with cutting government waste.
Time Stamp References:0:00 - Introduction0:44 - The Economy & Stats2:49 - Unemployment & Layoffs3:38 - Powell & Trump4:37 - Revisions & Recession6:25 - Bankruptcies & Rates8:13 - C.B. Confidence/Hubris11:22 - Dollar Strength & Trump14:57 - Inflation Thoughts16:47 - Housing Confidence19:38 - Commercial Real Estate20:57 - Consumers & Banking22:37 - Safe Assets & Dividends24:14 - Buy Now Pay Later?26:42 - 2025 and Gov't Spending27:49 - Wrap Up
Talking Points From This Episode
Danielle emphasizes investors monitor private sector actions amid job losses, shelter inflation, and potential recession concerns.
Concerns center around Central bankers' 'confidence', commercial real estate risks, and household financial pressures.
DiMartino cautions listeners that Trump cuts may require short to medium term sacrifices to gain long-term benefits.
Guest Links:Twitter: https://twitter.com/DiMartinoBoothSubstack: https://dimartinobooth.substack.com/Website: https://quillintelligence.com/YouTube: https://www.youtube.com/c/DanielleDiMartinoBoothQI
Danielle DiMartino Booth is CEO and Chief Strategist for Quill Intelligence LLC, a research and analytics firm.
DiMartino Booth set out to launch a #ResearchRevolution, redefining how market intelligence is conceived and delivered, with the goal of not only guiding portfolio managers but promoting financial literacy. To build QI, she brought together a core team of investing veterans in analyzing the trends and providing critical analysis of what drives the markets.
Since its inception, commentary and data from DiMartino Booth's The Daily Feather have appeared in other financial sources such as Bloomberg, CNBC, Fox Business, Institutional Investor, Yahoo Finance, The Wall Street Journal, MarketWatch, Seeking Alpha, TD Ameritrade, TheStreet.com, and more.
A global thought leader on monetary policy, economics, and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, a business speaker, and a commentator frequently featured on CNBC, Bloomberg, Fox News, Fox Business News, BNN Bloomberg, Yahoo Finance and other major media outlets.
Before Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas, serving as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in 2015. -
Tom welcomes back Tim Price from Price Value Partners, to discuss the happenings on the other side of the pond. Price shares concerns over Europe's chaos, comparing it unfavorably to the US under Trump, who he sees as reducing 'woke culture' and neo-Marxist economic policies. He criticizes the media for losing credibility due to untruths and emphasizes the importance of understanding debt economics. Price reflects on his experiences during the exchange rate mechanism crisis and shares skepticism towards state planning, believing it has historically failed. Tim also covers the potential swing from left to right in politics and corruption issues, with Trump's election seen as a possible catalyst for change.
Additionally, gold or non-fiat money is suggested as an alternative to the corrupted monetary system. Price calls for individual empowerment and market efficiencies, criticizes central banks, and advocates for real assets and value investing. He discusses potential implications of Bitcoin reaching new heights and Tether's role in it. Throughout the interview, Tim Price encourages listeners to consider traditional investments like gold and silver, often overlooked despite their attractive valuations compared to the stock market.
Time Stamp References:0:00 - Introduction0:39 - State of Europe2:48 - Trump & Pendulum Swings7:54 - Trends & Growing Debt10:17 - Bond Mkt Predictions15:50 - Endemic Issues20:23 - Milei & Trump22:04 - Global Cuts & Change23:00 - Fixing Corrupt Money26:55 - The Invisible Hand?31:34 - 40-Year Rate Regime37:30 - Too Early & Wrong44:53 - Silvers Potential48:04 - Finding Cheap Assets50:00 - Bitcoin 100k50:55 - Dollar Strength?55:42 - Time & Cheap Assets59:43 - Miners Underperformance1:02:17 - Contraian-isms1:03:07 - Wrap Up
Talking Points From This Episode
Europe's chaos contrasted unfavorably to US under Trump, with concerns over 'woke culture' and neo-Marxist economic policies.
Media narratives criticized for losing credibility due to untruths, stressing importance of understanding debt economics in politics.
Skepticism towards state planning historically, individual empowerment, real assets, value investing promoted.
Guest Links:Twitter: https://twitter.com/TimPrice1969Website: https://www.pricevaluepartners.com/War On Cash: https://www.pricevaluepartners.com/war-on-cash/Articles: https://www.pricevaluepartners.com/commentaryTim's Podcast: State of the Markets
BooksTim's Book (Amazon): https://www.amazon.ca/Investing-Through-Looking-Glass-Irrational/dp/0857195360
Book Recommendations:180 Degrees (Amazon): http://tinyurl.com/3vjvpnud
Tim Price has worked in the capital markets for over 30 years. A graduate of Christ Church, Oxford, he spent a decade as a bond specialist before going on to serve as Chief Investment Officer at three separate wealth management firms.
Tim has been shortlisted for five successive years in the UK Private Asset Managers Awards program and was a winner in 2005 in the category of Defensive Investing. He is now co-manager of the VT Price Value Portfolio, a fund investing in Benjamin Graham-style value stocks, and specialist value funds, from around the world. He also co-manages bespoke private client portfolios.
Tim writes for MoneyWeek Magazine and The Spectator, and his weekly commentaries are freely available at the Price Value Partners website. -
Tom Bodrovics, welcomes back David Morgan, founder of The Morgan Report, for a discussion centered around their respective recent interviews with Dr. Judy Shelton. They highlight her advocacy for the moral obligation of money and her belief in an honest monetary system that fosters freedom and stability. Morgan believes these views align with his life's work.
The conversation touches upon potential solutions for imposing monetary discipline on the government, including the idea of long-term gold bonds and a bimetallic standard consisting of both gold and silver. The benefits of a bimetallic system include regulation of inflation, but its practicality is questioned due to the current market values of gold and silver.
Morgan also discusses the role of the Federal Reserve in the US monetary system, suggesting that commercial banks create most of the money through loans and advocating for the Treasury to manage monetary policy according to the Constitution. He expresses skepticism towards Central Bank Digital Currencies due to concerns over privacy and potential loss of control by individuals.
David Morgan shares his long-term perspective on investing in silver, emphasizing its importance as a form of financial security and potential return to being a monetary asset. He also discusses the industrial uses of platinum and palladium and expresses his bullish sentiment towards these metals. In conclusion, Morgan advocates for self-reliance, fundamental human values, and focuses on the human spirit despite skepticism towards politics.
David Morgan is working on a documentary called "Silver Sunrise" that explores the monetary system, stress, fear, and control related to money, featuring interviews from renowned figures like G. Edwin Griffin, Ron Paul, Ellen Brown, and Mark Passio, set for release early next year.
Time Stamp References:0:00 - Introduction0:30 - Dr. Judy Shelton6:47 - Silver Standard?10:07 - Fed's Role & Ron Paul13:48 - CBDC Concerns16:35 - Trumps Cabinet Picks22:54 - Silver Expectations25:48 - China, Russia, & India29:06 - Platinum & Palladium31:07 - Sentiment in Metals33:42 - Silver Sunrise Documentary38:15 - Holiday Wrap Up
Guest Links:Website: https://silver-investor.com/Twitter: https://x.com/silverguru22YouTube: https://www.youtube.com/user/silverguruDocumentary: https://silversunrise.tv
David is a precious metals enthusiast with degrees in finance and engineering, and he originated The Morgan Report. This monthly report covers economic news, the global economy, and substantial capital gains by investing in the Resource Sector. The Model Portfolio includes top-tier, mid-tier, speculative, and special situations.
David considers himself a big-picture macroeconomist whose main job is educating people about honest money and the benefits of a sound financial system.
A dynamic, much-in-demand speaker worldwide, he has appeared on CNBC, Fox Business, and BNN in Canada. He has interviewed- The Wall Street Journal, Futures Magazine, Investing Rules, and numerous other publications.
As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report, and numerous other publications. -
Tom welcomes back Lawrence Lepard from Equity Management Associates to discuss the current economic macro picture, including rising inflation and potential economic depression despite subdued market crashes. Lepard expresses skepticism towards government statistics suggesting a lack of real growth since 2008 and warns of risks for investors holding traditional assets due to high stock valuations caused by the Federal Reserve's policies like zero interest rates and quantitative easing.
The conversation then shifts into the importance of liquidity in driving the stock market and the potential implications for the bond market and US federal government spending. Lepard expresses concern about a potential debt doom loop as rising interest rates could result in yield curve control, leading to inflation. They also discuss Trump's economic policies and the potential impact on the U.S. dollar.
They further debate the current state of inflation and its future developments, with Lepard predicting another wave due to increased government spending. Larry discusses the underperformance of miners in both gold and Bitcoin markets and the shift towards gold as a reserve currency due to mistrust in the US dollar's stability. Lastly, Lawrence discusses his upcoming book on monetary issues and the importance of sound money.
Time Stamp Reference0:00 - Introduction0:38 - Inflation Metrics2:25 - Equity Valuations?9:00 - Capital Concentration12:08 - Excessive Liquidity16:19 - Bond Markets & Deficits22:16 - Cutbacks & Obligations24:24 - Trump & Lower Dollar31:10 - Inflation & Fed Q.E.34:28 - Next Rate Print?36:30 - Bitcoin & Tether39:54 - Trump's Goals & Caveats42:39 - Miners Underperformance52:45 - China's Gold Demands56:21 - Silver Supply Picture59:38 - Commodities & Value1:02:48 - Feb. Book & Wrap Up
Talking Points From This Episode
Lawrence voices skepticism towards official growth figures since 2008, warning of risks for traditional asset holders due to high valuations from Federal Reserve policies.
He also expresses concern over potential debt doom loop from rising interest rates and yield curve control, which could lead to inflation.
The importance of liquidity in driving stock markets, with a shift towards gold as a reserve currency due to mistrust in US dollar's stability.
Guest Links:Newsletter: http://eepurl.com/gOf1dTWebsite: http://www.ema2.comTwitter: https://twitter.com/LawrenceLepard
Lawrence W. Lepard is the Founder and Managing Partner of Equity Management Associates. He has spent his entire 38-year career as an investor, principally focusing on venture capital opportunities.
Before co-founding EMA, Mr. Lepard spent 13 years at Geocapital Partners, in Fort Lee, NJ. There he was one of two Managing General Partners and was responsible for several venture capital funds. Before Geocapital, Mr. Lepard spent seven years at Summit Partners in Boston and California, where he was a General Partner at Summit I and Summit II.
Mr. Lepard received his BA in Economics from Colgate University, and he received an MBA with Academic Distinction from Harvard Business School. -
Tom Bodrovics welcomes back Doomberg, author of the Doomberg Substack, for a discussion on the election cycle and the ever expanding geopolitical instability. They discuss the geopolitical implications of the U.S. election, focusing on potential consequences in macroeconomics, energy policy, and peace. Doomberg voices concerns about escalating tensions between the U.S. and Russia during the new administration's transition period, particularly over Ukraine and Syria.
Doomberg also explores Chris Wright's appointment as Energy Secretary under Trump, with enthusiasm for Wright's experience, patriotism, and pro-human energy stance. Our green friend also discusses potential ramifications of the 'drill, baby drill' policy, such as increased energy production, economic growth, lower prices for consumers, and challenges for certain energy companies.
Doomberg emphasizes speaking up against narratives, particularly those related to climate change and carbon emissions, expressing optimism about a potential shift back to the center or right. He discusses Trump's tariff threats towards countries abandoning the use of the US dollar and Putin's actions in creating dollar alternatives.
The uncertain prospects for peace on the Ukraine front are discussed, with doubt about Trump's ability to negotiate a ceasefire and concerns around military solutions instead. He also touches upon Elon Musk and Vivek's roles in the upcoming administration.
The current state of gold mining companies and their undervalued status in the market are discussed, along with the importance of primary energy and artificial intelligence to the U.S. Doomberg concludes by advising listeners to closely monitor political developments both foreign and domestic.
Time Stamp References:0:00 - Introduction0:52 - Tipping Points & Elections5:14 - Unsettling Geopolitics9:53 - Trump Appointments13:03 - Drill Baby Drill18:30 - Trumps Energy Strategy21:09 - Climate/Energy Narratives26:16 - Tariffs, BRICS, & Dollar33:08 - Peace & Ukraine?36:38 - Middle East & Syria?37:41 - DOGE Puzzlement41:15 - Panic in the Swamp42:44 - Markets & the Election45:26 - Gold Fundamentals?47:20 - Miners & Energy Services49:33 - U.S. Energy and A.I.52:17 - The Dollar & Trump?55:06 - (Geo)Political Concerns56:53 - Wrap Up
Talking Points From This Episode
Discussion on election implications, focusing on macroeconomics, energy policy, and peace. Guest voices concerns over U.S.-Russia tensions.
Trump's Energy Secretary appointment, potential consequences of 'drill, baby drill' policy, and climate change narratives.
Peace prospects in Ukraine, Middle East, Elon Musk & Vivek roles, gold mining companies, and U.S. dollar threats.
Guest Links:Twitter: https://twitter.com/DoombergTWebsite: https://doomberg.substack.com
Doomberg is the anonymous publishing arm of a bespoke consulting firm providing advisory services to family offices and c-suite executives. Its principals apply their decades of experience across heavy industry, private equity, and finance to deliver innovative thinking and clarity to complex problems. -
Tom Bodrovics welcomes back Kevin Muir, the author of the Macro Tourist Newsletter and Substack, and co-host of The Market Huddle. Muir discusses market dynamics since the election, emphasizing that volatility has returned due to Trump's unpredictable tweets and policies, particularly regarding tariffs and trade deficits. He argues for acknowledging these shifts rather than denying them.
Muir explains how reducing the US trade deficit could lead to devaluation of US stocks. He attributes globalization over the past two decades to an increase in global profits, but suggests that Trump's efforts to reverse this trend and bring jobs back to the U.S. might result in higher labor costs and less capital flowing into the U.S. financial markets, potentially leading to lower stock prices for the US market compared to others.
Muir criticizes passive flows as the primary cause of high stock valuations and expresses skepticism about certain high-growth companies trading at such high valuations indefinitely. He also discusses potential implications if Trump successfully eliminates the US trade deficit.
Furthermore, Muir shares his belief that Trump could potentially lead to a weak dollar due to tariffs, devaluation of the dollar, and lower interest rates. He expresses uncertainty about Trump's intentions regarding monetary policy and the Federal Reserve, noting potential opposition.
Muir favors investing in resource stocks of Canadian companies and financial assets due to economic challenges faced by future leaders in Canada. He also criticizes President Trump's deregulation efforts and tax cuts, expressing concern over potential inflation or recession depending on public reaction and private sector credit creation.
Muir emphasizes the importance of considering gold trading from a long-term strategic perspective with the People's Bank of China (PBOC) being the most important player due to their vast US dollar reserves and increasing diversification into gold for safety reasons. He advises traders to adopt a similar approach and not be swayed by short-term market fluctuations or technical analysis. Gold may ultimately be chased at the end of the accumulation process, according to Muir.
Time Stamp References:0:00 - Introduction2:03 - Volatility & Election8:16 - Trade Deficits & Equities13:50 - Valuation Drivers22:29 - Rates & the Dollar30:24 - The Fed Vs. Trump36:17 - Recession Forecasts?37:42 - Japanese Yen40:23 - The Canadian Loonies50:12 - Managing Expectations57:04 - Change & Openmindedness1:00:41 - China's Gold Reserves1:06:10 - Golden Fundamentals1:11:00 - Outlook For Miners1:15:04 - Wrap Up
Talking Points From This Episode
Volatility back in markets due to Trump's unpredictable policies on tariffs and trade deficits.
Reducing the US trade deficit could lead to devaluation in US equities.
Trump's actions might result in a weak dollar, lower interest rates, and potential monetary policy opposition from the Federal Reserve.
Guest Links:Email for Sample Letters: [email protected]: https://posts.themacrotourist.comWebsite: https://themacrotourist.comPodcast: https://markethuddle.com/Twitter: https://twitter.com/kevinmuir
Kevin Muir started as an institutional equity derivative trader for a big Canadian bank in the 1990s. In 2000, Kevin decided that bank-life wasn't for him, so he traded his own account for the next two decades. Along the way, he started writing the MacroTourist newsletter, which he describes as an "almost daily" letter about the markets that still manages to have fun. The MacroTourist newsletter attempts to bring a unique take on a variety of different financial topics. Kevin's tagline is, "All I Bring to the Party is 25 Years of Mistakes."
Kevin Muir is a CFA and a graduate of the University of Toronto economics program. -
Tom welcomes back Chris Vermeulen, the founder of The Technical Traders, to discuss market trends post-election and the impact of the looming economic debt situation. According to Chris, the small business sector has seen significant growth since Trump's win, as indicated by the Russell 2000's jump. However, he believes that the end of the economic cycle is near and advises investors to consider defensive assets like gold and utilities due to market uncertainty. Chris identifies the current market stage as a potential topping phase, with signs such as resistance levels in gold and energy stocks.Chris highlights the challenges facing the economy, including an expensive housing market, rising unemployment, and struggling business sales in the S&P 500. Delinquencies for credit cards and commercial real estate mortgages are increasing, signaling a potential looming financial reset. The nervousness within the market is evident through strong performances of the U.S. dollar and gold as safe havens, with the New York Stock Exchange experiencing distribution selling and institutions unloading large shares.Despite a bullish stance on equities, Chris suggests investing in bonds, the dollar, or cash during market volatility before transitioning to an inverse ETF during a potential bear market. He is excited about Bitcoin's potential upward movement, predicting price targets using Fibonacci extensions and technical analysis, but remains skeptical of it as a long-term investment due to its volatile nature.Chris expresses his concerns about gold from a cyclical standpoint, acknowledging that it has reached a significant resistance level, which is part of a 15-year cycle pattern. He suggests that the measured move is complete and that gold might consolidate before potentially moving up to around $3000. Chris emphasizes this doesn't mean a downward trend but rather a pause in the uptrend.Chris also believes that the Russell 2000, representing small caps in the US, serves as an indicator of when money might move out of riskier stocks into safe-havens like gold and the dollar. He anticipates gold will resume its defensive role once the stock market starts to show weakness, making it an attractive investment option again.Time Stamp References:0:00 - Introduction0:48 - Elections & Markets3:22 - When the Music Stops10:40 - Nervous Markets13:11 - S&P Order Book15:06 - Trump & Dollar Scenarios19:03 - Rate Cuts & Recessions20:47 - Overall Trends & ETFs22:54 - Bitcoin Chart28:00 - Gold Technicals31:41 - Overbought/Sold & Gold34:46 - Silver Thoughts36:05 - Next Crisis & Capital38:19 - Bubbles & Buy The Dip?42:36 - Market Stages & Strategy44:33 - Oil Market Concerns51:14 - 2025 Expectations52:40 - Wrap UpTalking Points From This EpisodeChris Vermeulen anticipates market uncertainty due to economic debt situation; advises defensive assets like gold and utilities.He identifies signs of a potential topping phase, including resistance levels in gold and energy stocks.Despite his bullish stance on equities, he suggests investing in bonds, the dollar, or cash during market volatility.Guest Links:Twitter: https://twitter.com/TheTechTradersWebsite: https://www.thetechnicaltraders.com/Chris Vermeulen is the Founder of Technical Traders Ltd. Chris has been involved in the markets since 1997. He is an internationally recognized technical analyst, trader, and author.Years of research, trading, and helping individual traders worldwide have taught him that many traders have great trading ideas, but they lack one thing. They struggle to execute trades systematically for consistent results. Chris helps educate traders, and his mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility.He has also been on the cover of AmalgaTrader Magazine and featured in Futures Magazine, Gold-Eagle, Safe Haven, The Street, Kitco, Financial Sense,
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Tom welcomes retired naval officer Matt Riley to the show. Matt shares his background in economics and global affairs and expresses his interest in the developing BRICS system. They discuss the BRICS alliance's diplomacy, economic cooperation, and representation goals. Matt explains nBRIDGE, a decentralized settlement system, with gold acting as a stable store of value for settling trade imbalances.
Matt explains the use of gold in net settlement currencies and direct payment methods for energy transactions between BRICS Nations. The bilateral central bank and exchange agreements create a decentralized system, with Dubai being the second-largest gold trading hub due to its diplomatic neutrality.
Matt discusses the potential implications of the BRICS currency system on oil, gold, and silver. He suggests a more stable energy pricing structure could benefit all parties. Maintaining stability in energy prices is crucial for everyone's benefit. The current system is serving BRICS nations by isolating them from the serious debt problems associated with the US dollar-based system.
Lastly Matt encourages listeners to shift focus from financial assets to community and social capital for true wealth and happiness. He can be found on X and frequently appears on Chris's channel Arcadia Economics.
Time Stamp References:0:00 - Introduction0:34 - BRICS & Payment Systems4:15 - Brief History of BRICS10:22 - nBRIDGE Exchange System13:43 - Gold's Settlement Role15:08 - Basket Structure?16:41 - Volume of Use?18:32 - Exchange Dubai vs. London20:32 - BRICS Summit Russia27:43 - Playing Both Sides?31:24 - PMs & The Road Ahead35:54 - Silver Role & Industry40:07 - Oil & Dollar Hegemony46:14 - Expectations for BRICS48:40 - Bypassing Sanctions50:50 - Change Mindset & Focus53:15 - Wrap Up
Talking Points From This Episode
The BRICS alliance explores decentralized digital currency exchange systems like nBRIDGE for economic cooperation and diplomacy.
Matt discusses gold's role in net settlement currencies and stable energy pricing within the BRICS system.
Matt highlights potential benefits of the BRICS currency system, such as stability in energy pricing and reduced reliance on US dollar.
Guest Linkshttps://x.com/efbullion
Matt Riley is a follower of Jesus, Husband, Father, and retired Naval Officer. He has extensive experience in international security, as well as geopolitical and economic analysis. -
In this edited X Spaces conversation, Tom Bodrovics is joined by an experienced group of precious metals experts including Drew Rathgeber, Bob Coleman, Jim Hunter, Steve St. Angelo, David Morgan and others. Focusing on the impact of recent events on precious metals markets, particularly after the U.S. election. They shared various perspectives on sentiment changes, correlations between precious metals and Bitcoin, market manipulation, and the role of managed money and futures trading. Drew discussed potential fundamental shifts in gold investments based on the election results and the correlation with increased debt and government spending. Steve spoke about the connection between precious metals and Bitcoin, noting how Trump's support for cryptocurrency could influence investors. They also touched upon market manipulation, industry trends, and the impact of rising interest rates on dealers and investors. Overall, they acknowledged dealing with market manipulation as an unavoidable reality for investors.
They also discuss historical price movements in gold and silver and the possible influence of cryptocurrencies on metal prices. They emphasized the importance of physical precious metals as real assets against those backed by debt. They also discussed potential geopolitical implications and manipulation within commodity markets. Steve expressed concerns about escalating energy issues and their impact on financial debt. The conversation concluded with a focus on precious metals like gold, silver, and platinum as potential safe havens during economic instability.
Drew RathgeberWebsite: https://progoldtrader.comEmail: [email protected]
Bob ColemanTwitter: https://x.com/profitsplusidWebsite: https://www.goldsilvervault.com/
Jim HunterTwitter: https://x.com/JimSuncomm1Website: https://allendale-inc.com
Steve St. AngeloWebsite: https://srsroccoreport.com/Twitter: https://x.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g
David MorganWebsite: https://silver-investor.com/Twitter: https://x.com/silverguru22YouTube: https://www.youtube.com/user/silverguru -
Tom welcomes back, Jesse Felder, founder, editor, and publisher of The Felder Report, to discuss inflation and its impact on investments. Felder argues that American citizens consider inflation a major issue, despite the Federal Reserve's efforts to contain it. He suggested the Fed might accept higher-than-targeted inflation levels in the future.
Felder touches upon bond markets as indicators of potential inflation trends and the possibility of another "lost decade" for stock and bond portfolios due to current valuations. Felder criticizes passive investing, citing negative annual returns over a 10-year period, and emphasizes individual investors' attention to Warren Buffett's investment philosophy, focusing on valuation sensitivity.
Buffett's massive cash position in Berkshire Hathaway was discussed, with reasons for his disinterest in gold and cautious approach due to concerns over the fiscal situation. Jesse suggests individual investors pay heed to Buffett's underlying investment strategy while acknowledging opportunities unavailable to Berkshire Hathaway.
Felder also highlights the potential for a steep market reversal following the stock market's overexuberance post-Trump's election and emphasized insider activity and buy-sell ratios as indicators of earnings and economic disappointments in the equity market. He encourages investors to be cautious given current extreme valuations.
Felder expresses his interest on oil and gas stocks due to the changing inflation environment and the new floor at $70 for oil prices. He believes that energy producers would benefit from a more stable foundation for their commodity, despite concerns about the Strategic Petroleum Reserve's size and potential implications of inflation and peak oil production.
Time Stamp References:0:00 - Introduction0:37 - Inflation Been Fixed?3:45 - Fed & Inflation Targets8:16 - Bonds & Reality11:38 - Tariffs & Tax Cuts14:10 - A Lost Decade?18:05 - Warren Buffet Position28:14 - Risk Exposure & Gold32:08 - Market Exuberance36:50 - Avoiding Loss38:30 - Valuing Sectors40:00 - Energy & Tech43:44 - SPR & U.S. Production46:38 - Peak Energy & Inflation49:00 - Equity Mkt. Concerns50:12 - Wrap Up
Talking Points From This Episode
American citizens perceive inflation as a significant problem, despite Federal Reserve's attempts to control it.
The Fed might accept higher-than-targeted inflation levels in the future.
Buffett's cash position and disinterest in gold, potential market reversal, and focus on oil and gas stocks are notable.
Guest Links:Twitter: https://twitter.com/jessefelderWebsite: https://thefelderreport.com/Articles: https://thefelderreport.com/blog/
Jesse Felder is the Founder, Editor, and Publisher of The Felder Report. He began his professional career at Bear, Stearns & Co. and later co-founded a multi-billion-dollar hedge fund firm headquartered in Santa Monica, California. Since moving to Bend, Oregon in 2000 and founding The Felder Report shortly thereafter his writing and research have been featured in major publications and websites like The Wall Street Journal, Barron's, Yahoo!Finance, Business Insider, RealVision, Investing.com, and more. Jesse also hosts and produces the Superinvestors and the Art of Worldly Wisdom podcast. -
Tom Bodrovics interviews Doug Casey in-person at his home in Argentina assisted by Ivor Cummins. Doug emphasizes the importance of focusing on areas like economics, history, science, self-improvement, and traveling to broaden perspectives amidst political uncertainties. He suggests that Argentina, Chile, Uruguay, Paraguay, southern Brazil, and the Southern Cone of South America could be ideal for relocation due to their civility, open spaces, low population density, and capacity for food security.Doug shares his affinity for Argentina, despite its political instability and frequent revolutions, and praises its culture, ranching, and potential for food security. Doug expresses dismay over U.S. politics and the nomination of Kamala Harris, labeling her 'stupid' and 'evil,' alleging communist leanings. He believes that a potential economic downturn might be preferable for societal rebuilding but fears the Democrats' potential power consolidation.Doug discusses the upcoming economic downturn's potential severity and longevity, comparing it to the Great Depression, due to the historic size of the financial bubble and vast debt accumulated by individuals and governments. He advocates for individual preparedness and self-reliance, advising listeners to learn new skills, acquire gold and silver, and speculate in markets. Doug also expresses optimism, suggesting humanity might explore other planets to overcome challenges and discusses the recent election's impact on Gold and Silver prices, maintaining their fundamentals despite short-term fluctuations. He disdains market distractions like meme stocks and advocates for gold miners due to their low valuation relative to historical standards.Talking Points From This EpisodeDoug Casey advocates for relocation to South America due to political instability and potential food security.He criticizes U.S. politics, particularly Kamala Harris, and predicts economic downturn and societal rebuilding.Casey advises individual preparedness, learning new skills, acquiring gold and silver, and investing in markets.Time Stamp References:0:00 - Introduction1:01 - Politics & Perspectives3:55 - Plan B & Safe Countries10:09 - Feel of South America14:44 - Elections & Kamala?16:30 - Positivity & Trump?17:28 - Power & Deep State?20:35 - The Greater Depression24:19 - Migratory Invasion26:20 - Agendas & Migration27:30 - Financial Bubbles & Debt29:40 - Fight and/or Flight?31:20 - Election & The Dollar34:15 - Gold Bull Markets?37:03 - Debt & Depression39:30 - Gold Bull Markets41:48 - Knowledge & Trust42:33 - Government Dependence43:39 - Novels & Wrap UpDoug Casey:YouTube: https://www.youtube.com/channel/UCEJR3OAeHBNz7aGtFRZXArQDoug Casey's Take: https://internationalman.com/Amazon Novels: https://tinyurl.com/an3uxhcBest-selling author, world-renowned speculator, and libertarian philosopher Doug Casey has garnered a well-earned reputation for his erudite (and often controversial) insights into politics, economics, and investment markets. Doug is widely respected as one of the preeminent authorities on "rational speculation," especially in the high-potential natural resource sector. Doug's most recent book, "Assassin," can be found on Amazon.He has been a featured guest on hundreds of radio and TV shows, including David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Regis Philbin, Maury Povich, NBC News, and CNN; has been the topic of numerous features in periodicals such as Time, Forbes, People, and the Washington Post. Doug has lived in 10 countries and visited over 175. Today you're most likely to find him at La Estancia de Cafayate (Casey's Gulch), an oasis tucked away in the high red mountains outside Salta, Argentina.Ivor Cummins:X: https://x.com/FatEmperorWebsite: https://thefatemperor.com/YouTube: https://www.youtube.com/@IvorCumminsScienceIvor Cummins BE(Chem) CEng MIEI completed a Biochemical Engineering degree in 1990.
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In an in person interview at Doug Casey's home in Argentina, Tom Bodrovics hosts Michael Yon and Ivor Cummins. The discussion revolves around the profound shifts in the global order post-Trump election. Michael Yon, a combat correspondent, author, and former Green Beret, underscores this era as pivotal due to evolving geopolitical dynamics rather than the election itself. He believes globalism, an age-old concept, gains traction with modern technology.
Yon implicates certain entities, namely Zionists, seeking control over specific territories for their interests. He warns of their intent to target Iran, Hamas in Gaza, Hezbollah, and Russia. Furthermore, he highlights the struggle between oligarchs, some aiming to decrease the world population and deindustrialize Europe.
The conversation delves into U.S. intentions behind the Nord Stream pipeline conflict with Russia. Factors include maintaining geopolitical distance, economic implications, and European deindustrialization. Threats from the U.S. towards fertilizer and agriculture sectors as potential means to instigate famines are also examined.
Michael questions Trump's ability to end wars based on campaign promises and cautions about their unpredictability and longevity. He introduces concepts like staked goat tactics and green flag attacks, hinting at potential deception in conflicts.
Emphasizing the significance of clear language and context, Michael defines ongoing issues as invasions instead of crises or migrations. Weaponized migration as an ancient tactic of warfare is also discussed. Possible safe havens for personal freedom and security are debated, with reference to Doug Casey's preferred countries.
The evolving perspective on drugs as weapons is addressed, including historical examples like the opium wars. Various forms of warfare, such as drug warfare and information warfare, are explored as tools used by adversaries to disrupt societies. Personal insights from Asia regarding Chinese infiltration into American political systems and banking sectors are shared. The detrimental effects of drugs on families and society are acknowledged, with concerns about their potential to weaken resistance against adversaries' strategies.
Criticisms of political figures like Trump and Harris are voiced, as well as HIAS's role in facilitating migration through the Darien gap in Panama. Influential figures like Alejandro Mayorkas, now leading the Department of Homeland Security, are mentioned in this context.
Timestamp References:0:00 - Introduction1:08 - Changing World Order10:45 - Euro Problems & Farms15:42 - Trump & The Conflicts?23:00 - Invasion of the West32:00 - Getting Out of Dodge?34:10 - Attack Vectors & Drugs38:53 - Stress and Life Quality42:10 - Darien Gap & NGO's50:52 - Building Resilience?53:20 - Gold & Jekyll Island57:38 - Strategic Metals & Silver1:00:04 - Get On Your A-Game1:01:18 - Wrap Up
Talking Points From This Episode
Zionism desire to control regions and planned actions against Iran, Hamas, Hezbollah, and Russia.
Globalism's revival: Yon argues that it has existed since ancient times but is now more feasible with advanced technology.
The U.S.'s Nord Stream motivations: Geopolitical separation, economic implications, and deindustrialization of Europe.
Michael Yon:X: https://x.com/Michael_YonWebsite: https://michaelyon.comWebsite Mentioned: https://hias.org
Michael Yon is a former Green Beret, native of Winter Haven, Fl. who has been reporting from Iraq and Afghanistan since December 2004. No other reporter has spent as much time with combat troops in these two wars. Michael's dispatches from the frontlines have earned him the reputation as the premier independent combat journalist of his generation. His work has been featured on Good Morning America, The Wall Street Journal, The New York Times, CNN, ABC, FOX, as well as hundreds of other major media outlets all around the ... -
Tom Bodrovics welcomes back Christopher Aaron, founder of iGold Advisor and senior editor for Gold Eagle, for a discussion about market sentiment towards gold post-U.S. election results and the Federal Reserve meeting. Aaron shares his perspective on market cycles and warns investors about potential resistance levels for gold while expressing caution against abandoning precious metals entirely due to unforeseen circumstances.
They explore the impact of the U.S. election, Fed meeting, Trump presidency, and the Dow to Gold ratio on markets, emphasizing the significance of considering both present situations and future developments. Aaron also discusses his analysis of the gold to silver ratio chart, focusing on trends and their implications for investors, and the potential implications of Elon Musk's involvement in Trump's administration on reducing the U.S. government.
Chris also discusses Ron Paul's advocacy for ending the Federal Reserve System and the possible significance of his inclusion in Trump's administration, as well as the expected timeline for tax cuts and regulatory changes under the new administration and broader themes for the next decade. Throughout the conversation, they encourage listeners to broaden their perspectives and consider various markets and investments beyond precious metals.
Time Stamp References:0:00 - Introduction0:50 - Sentiment & Gold8:50 - Fundamentals & Possibility12:50 - Dow To Gold Chart19:50 - Gold To Silver Chart28:52 - Dollar Index & Outlook34:00 - Energy & Mkt. Direction46:50 - End The Fed?50:08 - Tax Cuts & Timeframes52:10 - Space Exploration59:08 - Concluding Thoughts
Guest Links:Twitter: https://twitter.com/iGlobalGoldWebsite: https://igoldadvisor.com/YouTube: https://www.youtube.com/channel/UCjG_4Kg7ZWWs8o7EnfnDc9Q
Talking Points From This Episode
Aaron warns investors about potential resistance levels for gold while emphasizing the importance of not abandoning precious metals entirely.
U.S. election results, Federal Reserve meeting, Trump presidency, and Dow to Gold ratio impact markets, with both present situations and future developments significant.
Analysis of gold to silver ratio chart reveals trends and implications for investors, and Elon Musk's role in Trump's administration could potentially reduce the U.S. government debt.
Christopher Aaron is Senior Editor for the precious metals investment portal Gold Eagle.
A former counter-terrorism officer for the CIA and Department of Defense, Christopher has always had an independent analytical outlook. He volunteered to serve two tours to Iraq and Afghanistan from 2006 - 2009, conducting pattern analysis and mapping for the US Intelligence Community in Washington, DC. Drawing upon his investigative background, he turned attention to the financial markets in the early 2000s.
Mapping shares similarities with technical analysis of the financial markets because both involve the observation and interpretation of patterns found in human nature. Through his work, Christopher shares with clients how these patterns are cyclical and embedded. Recognizing these patterns can be used to profit.
Christopher Aaron holds a degree in history and business, with advanced Department of Defense training in intelligence analysis. -
Tom welcomes back Dr. Nomi Prins, financial expert and best-selling author, about the impact of the U.S. election on markets and her outlook for the economy. Dr. Prins highlights the disconnect between the thriving financial markets and the stagnant real economy, with high debt levels and inflation surpassing wage growth. The election brought attention to voters' economic concerns, although neither candidate presented substantial plans for addressing debt and deficit issues. Trump's promises on immigration and inflation reassured some, but his lack of a comprehensive economic strategy remains a concern for Dr. Prins.
Tom and Dr. Prins explore the economic implications of tariffs, focusing on Trump's plan to impose tariffs on imports. The reduction in supply from tariffs causes price increases and inflation, potentially harming the domestic economy unless the country can offset these costs by participating in multiple parts of the supply chain.
The nuclear energy industry is positioned for growth following the election results, with companies like Microsoft and Amazon considering nuclear power deals. The state of energy development in the United States is also explored in the context of Trump's plans to deregulate.
Dr. Prins discusses the movement of the US dollar after the election results and the potential for de-dollarization. The US dollar continues to be the world's top reserve currency, but longer-term trends suggest de-dollarization through trade agreements in non-dollar currencies, alternative trading currencies, and infrastructure development. Central banks' interest in gold as a hedge against risks, coupled with increasing demand from consumers in countries like China and India, positions gold to play an essential role in this framework.
Time Stamp References:0:00 - Introduction0:54 - Election Change Anything?4:03 - Trump Economic Policy?7:54 - Tarriffs & Consequences11:35 - Senate & House15:37 - Energy & Deregulation17:53 - Permian Shale Status20:22 - Strategic Mineral Reserve24:02 - Capital Deployment Goals26:40 - Nuclear Energy & Tech32:54 - BRICS & Dedollarization37:12 - Banking Architecture38:31 - Gold Reserves & Trust42:20 - Russia Silver Reserves46:46 - Banks Diversification49:02 - Banking System Stress52:26 - Wrap Up
Talking Points From This Episode
Financial expert Dr. Nomi Prins discusses economic disconnect between markets and real economy, focusing on US election impact.
Trump's promises on immigration and inflation influenced markets, but lack of economic strategy remains a concern.
Tariffs, nuclear energy growth, and de-dollarization are major economic shifts following the U.S. election.
Guest Links:Twitter: https://x.com/nomiprinsWebsite: https://nomiprins.com/Substack: https://prinsights.substack.com/
Dr. Nomi Prins as a Wall Street insider and outspoken advocate for economic reform, Nomi Prins is a leading authority on how the widespread impact of financial systems continues to affect our daily lives. She has spent decades analyzing and investigating economic and financial events at the ground level and meeting with those that shape the world's geopolitical-economic framework. She continues to break stories by conducting independent research, writing best-selling books, and traversing the globe to share her knowledge and demystify the world of money.
Before becoming a renowned journalist and public speaker, Nomi reached the upper echelons of the financial world where she worked as a managing director at Goldman Sachs, ran the international analytics group as a senior managing director at Bear Stearns in London, was a strategist at Lehman Brothers and an analyst at the Chase Manhattan Bank. During her time on Wall Street, she grew increasingly aware of and discouraged by the unethical practices that permeated the banking industry. Eventually, she decided enough was enough and became an investigative journalist to shed light on the ways that financial systems are ma... -
Tom welcomes back Dudley Baker, the founder of Common Stock Warrants. The discussion revolves around the current state of the resource sector, particularly precious metals, and the potential opportunities for investors in undervalued mining companies. Despite recent historic highs in gold and silver prices, many juniors and micro-caps in the mining industry have not yet seen significant gains. Dudley believes that an inflection point is near, when investors will recognize the value of these companies, possibly triggered by market crashes or impressive earnings reports.Dudley explains that warrants, often attached to private placements act as incentives for investors, offering upside leverage and can be tradable. He emphasizes the importance of liking the underlying company before investing in its warrant and shares resources to monitor Canadian private placements and their associated warrants. The mining sector has the potential for massive gains, especially with the vast amount of data available. Dudley maintains a positive outlook and encourages investors to look for opportunities while they are still cheap.Dudley shares his experience with successful warrant trades and discusses the differences between common stocks and warrants. He explains that publicly traded warrants, which can be bought and sold like any other stock, provide upside leverage without requiring the buyer to exercise them. However, for U.S. investors dealing with Canadian companies, you need access to specific platforms for exercising warrants.Throughout the conversation, Dudley stresses the importance of insider activity as a crucial indicator for potential investments and shares his extensive database of warrants in various sectors. He also discusses misconceptions about stock warrants and offers advice on making informed investment decisions based on price charts and personal risk tolerance.Time Stamp References:0:00 - Introduction1:14 - Macro Picture Resources5:00 - Crash & Capital Shift?7:30 - Elections & Trades10:13 - Precious Metals & Politics14:05 - Insider Activity16:42 - Warrants Vs. Stocks28:18 - Other Sectors & Opportunity32:52 - Analysing Companies39:06 - Warrant Watchlist40:33 - Accessing Warrants?46:00 - Picking Exit Points52:12 - Costs & Benefits58:05 - Wrap UpTalking Points From This EpisodeResource sector on the brink of major investment opportunity due to macro background improving.Warrants offer upside leverage and can provide significant gains; follow insider activity for potential investments.Mining sector has vast data opportunities with potential for massive gains, especially in precious metals.Guest Links:Website: https://commonstockwarrants.com
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Tom Bodrovics your host welcomes back Dave Kranzler from Investment Research Dynamics. Kranzler discusses the impact of the upcoming election on national debt and market conditions, expressing concern over the mounting deficit and lack of government spending reductions. He highlights the importance of military spending, handouts, and domestic spending in keeping the economy afloat, but warns of potential economic collapse without significant spending cuts.
Kranzler expresses concerns about the U.S. Treasury and the Federal Reserve's gold holdings. He questions their true possession of reported reserves and lack of audits.
Kranzler believes that liquidity, not monetary policy, is the crucial factor keeping markets and banks functioning in today's hyper-financialized economy. Despite the Fed's reduction in its balance sheet and hawkish monetary policy, M2 has continued to grow, and over $2 trillion has been drained from the reverse repo facility to finance the treasury deficit and prop up sagging markets.
Kranzler expresses his belief that gold's price in dollars is setting up a favorable position and silver's cup-and-handle formation and industrial usage make it an attractive investment opportunity. He also shares his concerns about banks' actual silver positions, the opacity surrounding these positions, and potential consequences if hedge funds request delivery of actual bars from the COMEX market.
Kranzler discusses the importance of understanding the production deficit in the silver market and investing in pure silver plays. He emphasizes that all stock purchases involve risk but is currently watching closely mid-tier producers.
Kranzler also discusses the role of confidentiality agreements and feasibility studies in attracting larger companies to junior mining projects. He encourages investors to focus on a few stocks they believe in and learn how to analyze these stocks for potential returns.
Time Stamp References:0:00 - Introduction0:42 - Election & Market Effects3:24 - Implosion Inevitable4:20 - U.S. Gold Audits & Fed11:57 - Liquidity & Banks16:09 - Fed's Next Move?20:36 - Precious Metals Outlook28:38 - Silver Production Deficit33:26 - Mexico & Mining?36:34 - Silver Miners?43:05 - Silver Speculation?44:44 - Eric Sprott47:07 - M&A Targets?50:23 - Feasibility Studies?55:10 - Streaming Agreements56:34 - Finding Value in Miners1:01:02 - Risks & Considerations1:05:39 - Wrap Up
Talking Points From This Episode
David's insights on the current state and future trends of the precious metals market.
Kranzler expresses concern over mounting national debt and potential economic collapse without spending cuts.
The role of royalties and streams in funding mining projects, and the pros and cons.
Kranzler's advice to investors regarding focusing on a few stocks and analyzing them thoroughly.
Guest Links:Twitter: https://twitter.com/InvResDynamicsWebsite: https://investmentresearchdynamics.comNewsletter: https://investmentresearchdynamics.com/mining-stock-journal
David Kranzler spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, he traded junk bonds for Bankers Trust. Dave earned a master's degree in business administration from the University of Chicago, concentrating on accounting and finance. He writes a blog to help people understand and analyze what is going on in our financial system and economy. - Vis mere
