Jason Burack of Wall St for Main St had on returning guest, author and popular economic blogger, Charles Hugh Smith http://www.oftwominds.com/blog.html.
Charles came on to discuss his new book, A Radically Beneficial World: Automation, Technology and Creating Jobs for All: The Future Belongs to Work That Is Meaningful which can be purchased on Amazon http://www.amazon.com/gp/product/B017....
Charles' other books he's authored are listed here: http://www.oftwominds.com/CHS-books.html
Charles' full bio: Charles Hugh Smith is the author of the oftwominds.com blog, #7 in CNBC's top alternative
financial sites, and nine books on our economy and society, including "Why Things Are
Falling Apart and What We Can Do About It," "The Nearly Free University and the Emerging
Economy," "Get a Job, Build a Real Career and Defy a Bewildering Economy" and most recently, "A Radically Beneficial World: Automation, Technology and Creating Jobs for All." His work is published on a number of popular financial websites including Zero Hedge, Financial Sense, and David Stockman's Contra Corner.
Smith has also written seven novels and has posted a number of book and film commentaries on his website.
During this 40+ minute interview, Jason asks Charles about the radical changes the jobs market is currently undergoing.
Charles talks about how central planning, technology and outsourcing/offshoring has made labor and capital both un-scarce.
Jason and Charles talk about the goals of Keynesian central planning and how it has made capital so cheap that it's easier for companies to invest in robots and automation now than it should be without normalized interest rates.
Next, Jason asks Charles about the current jobs market and how difficult it's becoming to find a good high paying full time job and why most jobs being created are part time jobs.
Charles thinks continued learned throughout one's adult lifetime, working in local communities and finding more work there with relationships with people will be more enjoyable than a corporate job working 70+ hours a week.
Jason Burack of Wall St for Main St had on returning guest, Dr. Chris Martenson and his business partner at Peak Prosperity http://www.peakprosperity.com/, first time guest Adam Taggart.
Chris and Adam co-founded Peak Prosperity and also created the popular Crash Course video series on the 3Es: Economy, Energy and the Environment that has woken a lot of people up about what's really going on in the world since the video series debuted around 2007.
Chris worked as a corporate executive for a Fortune 500 company before quitting his job and changing his lifestyle and Adam worked on Wall St and was an executive at Yahoo before also quitting his job, waking up and changing his lifestyle as well.
They came on a podcast to talk about their new book, Prosper!: How To Prepare for the Future and Create a World Worth Inheriting
The book can be bought on Amazon and Audible in hard cover, ebook and audio book formats. http://www.peakprosperity.com/blog/95...
For a limited time, the book is also 50% for Audible members until December 16th is over: http://www.audible.com/mt/Member-Than...
During this 25+ minute interview, Jason asks Chris and Adam about the myriad of problems and craziness going on in the world and why they decided to write a new book now?
Chris and Adam talk about how their Crash Course video series and subsequent book were about identifying all the problems with the economy, energy and the environment and how their new book offers the regular person on Main St a bunch of different solutions to many of these problems.
Chris and Adam talk in the book about how people can protect their wealth, improve their health, change their lifestyle and how to protect themselves and their family and friends against asset prices potentially collapsing in value.
Chris and Adam see painful deflation happening in the near term as asset prices fall and then governments and central banks will drastically over-react and create massive, massive inflation to counter the deflation.
Jason also asks both about how to create a meaningful, prosperous life without chasing every last Dollar.
To wrap up the interview, Jason asks Adam and Chris about Generation X'ers and the Millennials and how they can prosper in the future with the student loan debt bubble, no savings and a very poor job market to find a good high paying job after college.
During this 40+ minute interview, Jason asks Steve about his recent article about how the Shale oil industry in the US is collapsing.
Jason and Steve talk about the oil markets and how many higher cost shale oil producers have been able to delay bankruptcy.
Steve calls shale oil a "Giant Ponzi scheme."
Steve is predicting US oil production will collapse in the next few years unless the oil price goes much higher. He also says global consumers cannot afford oil prices above $70/barrel.
Next, Jason asks Steve about the gold and silver mining industries. Steve agrees with Jason that at least half the primary gold and silver miners would be bankrupt already if oil prices hadn't collapsed helping to cut costs or if gold and silver weren't much higher in currencies other than the US Dollar.
Steve thinks silver miners are a great speculative investment considering how cheap they are.
To wrap up the interview, Jason and Steve discuss the supply/demand fundamentals for gold & silver.
Steve thinks a lot of silver mine supply from base metal producers that produce silver as a byproduct will come offline soon as copper and base metals continue to collapse.
Jason Burack of Wall St for Main St and independent financial journalist and managing editor of The News Doctors http://thenewsdoctors.com/, Eric Dubin are back for Episode #13 of Welcome to Dystopia!
This week's special guest is Adam Dick who is a lawyer and senior fellow at the Ron Paul Institute for Peace & Prosperity http://ronpaulinstitute.org/
Adam's full bio is: Adam worked from 2003 through 2013 as a legislative aide for Rep. Ron Paul. Previously, he was a member of the Wisconsin State Board of Elections, a co-manager of Ed Thompson's 2002 Wisconsin governor campaign, and a lawyer in New York and Connecticuit. Adam helped Ron Paul with his domestic policy.
Adam is also an expert on the 2nd Amendment and he came on the show to talk about his new article http://ronpaulinstitute.org/archives/...
Adam released his article after President Obama's speech/address on Sunday night and the New York Times article about eliminating gun ownership in the US: http://www.nytimes.com/2015/12/05/opi...
For most of this week's episode, Jason and Eric ask Adam about his article, the 2nd Amendment and why Progressives keep wanting to eliminate all gun ownership when in the strictest gun regulation states like California criminals and terrorists still are able to get their hands on guns.
It's a very interesting discussion on the gun debate.
After the lengthy discussion on guns in the US, Jason and Eric talk about the implications of the RMB going into the SDR and how the IMF ignored the protests of the US.
Jason and Eric also talked about the president of Brazil potentially facing impeachment charges for misappropriating funds and corruption and how many other emerging markets are in similar trouble.
Jason Burack of Wall St for Main St interviewed returning guest, editor of The Hat Trick Letter at Golden Jackass.com http://www.goldenjackass.com/, Jim Willie.
This is an interesting 90+ minute interview.
Questions/Topics for the interview include:
• Recently, there was a secret meeting between Russia and a Saudi Prince- Was the meeting about a coordinated oil production cut to move the price higher to save the world's largest oil producing countries? Or about what to do about Syria and pipelines? Or a mix?
• The IMF has said Saudi Arabia can only survive at most 5 years of low oil prices at their current burn rate in foreign exchange reserves before they go bankrupt too. Almost every other OPEC producer has spent most of their oil profits almost as soon as the profits come in and are in much worse shape than the Saudis. Will OPEC be going to China begging for a bailout if oil prices don't rise again soon?
• Some Wall St commodity traders are illegally buying $10/barrel oil on the black market from ISIS. Why haven't the buyers gotten caught?
• In our last interview you talked about a massive oil bust that was coming, but why haven't we seen banks go bust from shale oil loans yet? Is the Federal Reserve secretly bailing these banks out?
• Christine Lagarde of the IMF seems to approve of the RMB going into the SDR very soon but the US government appears committed to blocking the RMB into the SDR. How much longer can the US government block the RMB going into the SDR?
• What happens to gold and silver supply available if many gold and silver mines shut down and miners start going bust?
• Do you think Wall St is planning on buying gold and silver mines up as they go bankrupt?
• Why do you think Wall St banks are starting to rapidly embrace the block chain technology behind Bitcoin? Is this another part of the elite's plan for a cashless society where all transactions are taxed and tracked?
• China is negotiating a large currency swap bailout with Venezuela probably in exchange for a massive amount of oil. Will this be the model how the developing world/commodity producing countries with too much US Dollar denominated debt will strategically default on their US debt and then get financing from China and Chinese banks?
• Do you think currency swaps will be the main bailout tool for central banks going forward?
• In early November, Bloomberg put out an article how Wall St banks are trying to offer discounted interest rate swaps to attract more buyers of these products. Why are the banks trying to sell more of these when there's already so many?
Wall St for Main St interviewed John Rubino, the editor of Dollar Collapse and author of The Money Bubble. In this podcast, we discussed the Feds decision to raise interest rate and how it will pave way to reversing the hike. We also did a 2015 review where we analyzed the emerging market, Brazil and China collapse and look forward to 2016.
Jason Burack of Wall St for Main St and managing editor of the News Doctors http://thenewsdoctors.com/ and independent financial journalist, Eric Dubin are back for Episode #12 of Welcome to Dystopia.
With the horror in Paris, we need to stress that terrorism doesn't
emerge out of a vacuum. Paul Craig Roberts' article on Paris attacks: http://www.paulcraigroberts.org/2015/...
It has a political context, and it's impossible to understand the events in Paris without understanding that ISIS arose from conditions created by U.S. and allied nation policy - including direct financial and training support, particularly from Saudi Arabia
and Turkey playing key roles. The roots of U.S. policy of fomenting
Islamic radical terrorist groups as a tool extend all the way back to
the early 20th Century (led by the U.K.), but the biggest milestone
along the development of this "tool" is best represented by former
National Security Advisor Zbigniew Brzezinski's plan to build-up
Al-Qaeda as a proxy force, setting an Afghanistan "bear trap" to weaken the Soviet Union. This isn't conspiracy theory. It's documented history, and Brzezinski openly boasts about his role.
“‘What is most important to the history of the world?’ Brzezinski said in 1998, ‘some stirred-up Muslims or the liberation of Central Europe and the end of the cold war?’ — it had at least one unexpected result: it created a global jihad movement, led by veteran fighters who were convinced that they had defeated one superpower and could defeat another.” See: http://thenewsdoctors.com/?p=542014
The policy of using radical jihadists as a political tool continues to
this very day. It was only a couple of weeks ago that we had top U.S. military brass and politicians taking to the media and testifying before Congress, arguing for the need for additional so-called "moderate
terrorists" to overthrow Syrian President Assad. These so-called
moderate terrorists are principally the Al-Qaeda spawn al-Nusra Front and related groups. The U.S. spent over a decade presenting Al-Qaeda as the greatest terrorist threat in history, and responsible for 9/11.
Eric discussed how there is a split within the U.S. policy community
when it comes to Chinese renminbi inclusion into the SDR basket. http://mobile.reuters.com/article/idU... You can see an expression of this split given the missives that come out of the "think tank" community. A prime example was published just yesterday by the Peterson Institute for International Economics: http://blogs.piie.com/realtime/?p=5244 Tune into the show for more, including Eric's explanation for how and why much of the media and alternative media are getting this story wrong.
Jason Burack of Wall St for Main St had on returning guest, derivatives expert, precious metals expert and longtime veteran of the financial industry, Rob Kirby of Kirby Analytics http://www.kirbyanalytics.com/
During this 45+ minute interview, Jason asks Rob about interest rates and if Janet Yellen and the Federal Reserve can raise them?
Rob thinks at most there will be 1-2 token interest rate increases of 25 basis points and those are by no means guaranteed, before the Federal Reserve has to reverse course and lower interest rates as close to zero as possible across the entire yield curve.
Rob then talks about how interest rate swaps affect the Fed's ability to raise rates. Jason brings up a recent Bloomberg article how Wall St banks are offering discounted interest rate swaps to attract people to buy them. http://www.bloomberg.com/news/article...
Jason then asks Rob if there will be bail ins to force Americans to put their savings into US Treasury bonds?
To wrap up the interview, Jason and Rob talk about the gold and silver markets.
Rob thinks the paper leverage ratios on COMEX/LBMA are 100% not sustainable and they will blow up in the near future especially as more and more mines come offline or miners go bankrupt.
Wall St for Main St welcome back Dr. Mark Thornton, who is a Austrian economist and Senior Fellow at the Mises Institute. In this podcast, we discussed the differences between Keynesian economic and Austrian economic on deflation, interest rates and the boom/bust cycle. Find out why the government and central banks fear and loathe deflation!
Bill Holter writes and is partnered with Jim Sinclair at the newly formed Holter/Sinclair collaboration. Prior, he wrote for Miles Franklin from 2012-15. Bill worked as a retail stockbroker for 23 years, including 12 as a branch manager at A.G. Edwards. He left Wall Street in late 2006 to avoid potential liabilities related to management of paper assets as he foresaw the Great Financial crisis coming. In retirement he and his family moved to Costa Rica where he lived until 2011 when he moved back to the United States. He was a well-known contributor to the Gold Anti-Trust Action Committee (GATA) commentaries from 2007-present. Bill has retained a working relationship with Miles Franklin and can help with any of your precious metals needs including storage.
During this 25+ minute interview Jason asks Bill about the inflation/deflation debate. Jason and Bill talk about how the mainstream media and experts like Harry Dent talk non stop about deflation while people's grocery bills, healthcare bills and asset prices have soared higher.
To wrap up the interview, Jason asks Bill why Russia and China haven't pulled the plug yet on the US Dollar as the sole WRC?
Bill says it's very simple. As long as China can continue to accumulate undervalued gold from the US and the West they will allow the current system to keep going.
This week's episode had special guest Executive Director of the Ron Paul Institute For Peace and Prosperity http://www.ronpaulinstitute.org/, Daniel McAdams.
Daniel McAdams is the executive director of the Ron Paul Institute. He formally served as the foreign affairs, civil liberties, and defense policy advisor to U.S. Congressman Ron Paul, MD (R-Texas) from 2001 until Dr. Paul’s 2012 retirement.
There's a popular misconception that libertarians advocating for a non-interventionist foreign policy is tantamount to isolationism. Nothing could be further from the truth, and the Ron Paul Institute is making progress advancing this understanding.
In a little over a month, power relationships in the Middle Eastern war theater have shifted considerably. Daniel provides us with perspective on the recent United Nations meeting between Russian and U.S. officials, and what conclusions we might draw now that the U.S. policy establishment is being forced to play out a hand with unanticipated cards and, with Moscow essentially exposing the absurdity of the American strategy of building up "moderate" terrorist forces with the goal of overthrowing the Assad government.
Now that Russian air raids have sent terrorist factions fleeing the Syrian theater, the US is sending in more special forces "boots on the ground." We say "more" because special forces have been operating in the Syrian theater all along. Daniel makes reference to Finian Cunningham's latest article at the Ron Paul Institute website: "US Special Forces deployed as ‘human shields’ to salvage terror assets in Syria." Access this link to read it: http://tinyurl.com/ojp3ukw
We discussed Hillary Clinton and Doug Henwood's latest book, "My Turn: Hillary Clinton Targets The Presidency." As a traditional progressive, Henwood is receiving considerable attention for daring to call out Hillary for her decidedly non-progressive politics. Wrapping oneself with the banner of championing women's and LGBT rights is all well and fine, but many progressive Hillary supporters have no idea Hillary's politics doesn't match that of a traditional progressive, especially when it comes to international relations and the support of crony capitalist interests at home and abroad. See: http://tinyurl.com/q4ckk9u ...and you have to see the cover of this book!
Jason Burack of Wall St for Main St interviewed returning guest, Chairman of the Board of Directors of the Sprott group of companies http://sprottinc.com/, Eric Sprott. Eric is a successful investor and has over 40 years of experience in the investment industry and has managed client funds for 37 years.
During this 25+ minute interview, Jason asks Eric why does Wall St still give the Federal Reserve any credibility?
Eric says no central bank should have any credibility left after all the artificial booms and busts the last few decades all over the globe.
Eric blames the Keynesian mindset of many market participants for letting the status quo continue.
Next, Jason asks Eric about the recent elections in Canada and if the results of those elections means higher taxes on Canadian oil companies and Canadian mining companies?
Eric says it would be crazy for Canadian politicians to raise taxes on their resource companies during a long, painful bear market.
Jason then asks Eric about weaker commodity currencies and the currencies of developing countries and how they affect mining companies that owe debt in US Dollars?
Eric thinks miners are working hard to cut costs and the ones without too much debt or without any debt should survive as the cycle turns.
Finally, to wrap up the interview, Jason asks Eric why China, Russia, BRICs and the other G20 developing countries haven't pulled the plug yet on the US as sole WRC in the global financial system?
Eric says Russia and China want to keep accumulating more cheap physical gold and now China is working with Sprott Inc on investing more heavily into gold companies and other resource companies.
Jason Burack of Wall St for Main St had on first time guest, Professor of Economics at Pace University, Academic VP of the Mises Institute https://mises.org/ and author of Money: Sound & Unsound, Dr. Joseph Salerno https://mises.org/profile/joseph-t-sa...
During this 40+ minute discussion, Jason asks Dr. Salerno about the difference between the Austrian School of Economics, Keynesian Economics, Monetarism and Marxism.
Dr Salerno summarizes these economic schools.
Next, Jason asks Dr. Salerno, which Austrian School of Economics books beginners who are curious should start with?
Jason then asks Joseph about Keynes and Keynesian Economics and why Keynesian Economics is largely to blame for the global economic problems we are experiencing.
Jason then asks Dr. Salerno about the Austrian True Money Supply or TMS, which is something Dr. Salerno invented with Murray Rothbard to to track monetary supply growth or inflation. Despite the mainstream financial media, Wall St, the Federal Reserve and academic Keynesians should about only deflation occurring right now, the TMS shows the money supply still growing at over 8%!
There's now monthly articles on the Mises website tracking TMS growth or monetary inflation in the US https://mises.org/blog/true-money-sup...
Jason and Dr. Salerno also discuss if real deflation for a prolonged period of time will be allowed without further intervention, why Austrians are able to see asset bubbles and credit bubbles coming years in advance with an inevitable bust after a boom, and why capitalism and free markets will still be blamed for problems in the economy despite the fact there's no free markets.
Many more exciting things are discussed in this excellent interview! If you love Austrian School of Economics or are curious about learning more about this school of thought and perspective, this is a great interview for that.
Jason Burack of Wall St for Main St had on returning guest, entrepreneur, Founder and CEO of Pure Funds http://www.pureetfs.com/index.html, Andrew Chanin to talk about his success as an entrepreneur, his ETFs, the gold and silver markets and technologies like cyber security, mobile payments and big data where he recently launched ETFs.
Andrew's company has become a great success and a pioneer innovator in exchange traded funds (ETFs) since its inception in 2010. His entrepreneurial success story was recently featured in a Bloomberg article: http://www.bloomberg.com/news/article...
Learn about Andrew's path to success and his innovative ETFs in this 30+ minute interview!
Jason Burack of Wall St for Main St and independent financial journalist and managing editor of The News Doctors http://thenewsdoctors.com/, Eric Dubin are back for Episode #10 of the Welcome to Dystopia podcast!
This is a long episode over 90 minutes.
In this episode, Jason and Eric discuss:
1) Glencore, base metals collapsing and emerging markets potentially collapsing
2) China globalizing the Yuan even more with another new infrastructure system for the next global financial system https://www.rt.com/business/318103-china-payment-system-yuan/
3) Deutche Bank http://thenewsdoctors.com/a-liquidity-crisis-hit-the-banking-system-in-september-dave-kranzler/
4) The CME permanently banning 3 small HFT traders for manipulating gold and silver markets http://www.bloomberg.com/news/articles/2015-10-12/cme-group-permanently-bars-three-traders-for-exchange-violations
5) The current bear market rally in stocks and how it probably won't last and how capital is being rotated into gold and silver stocks
Jason and Eric also discuss the Doctors Without Borders being bombed in Afghanistan after the US military built the building.
Wall St for Main St interviewed David Morgan, who is the editor of The Morgan Report and the co-author of The Silver Manifesto. In this podcast, we discussed the current state of the silver/gold market including the precious metals stocks. Also, we talked about Glencore and the impact it could have on the economy and commodities market. Plus much more!
In this podcast, Wall St for Main St took the the time to answer a few questions from our listeners. We had a few questions on the inflation vs deflation debate, how to store gold/silver internationally, how to open a bank account off shore and much more!
Jason Burack of Wall St for Main St and independent financial journalist and managing editor of The News Doctors http://thenewsdoctors.com/, Eric Dubin are back for episode #9 of Welcome to Dystopia!
In this episode, they interview special guest former investigative reporter for ABC & CNN and creator of the popular USA Watchdog website and You Tube channel, Greg Hunter http://usawatchdog.com/.
Greg talks about his experiences working as an investigative reporter in the mainstream media and why the mainstream media is no longer objective. Greg says the media puts out lots of disinformation, half truth and intentionally lies by omission all the time.
Jason asks Greg about what his listeners are telling him about the economy. Greg says many of his listeners are struggling mightily financially trying to keep their heads above water with rising bills.
Greg emphasizes how we don't have a real functioning media anymore because they are no longer objective or tell the whole truth and hold people in high positions accountable.
In this 30+ minute interview, Jason asks James about why China is dumping US Treasuries?
James thinks China felt it's currency dropped too much in value and it had to sell a large amount of its US Treasury holdings to stabilize the currency.
Next, Jason asks James if he thinks Japan, South Korea and other Asian countries will retaliate against China in another round of currency wars for China's devaluation?
James thinks the currency wars between Asian countries never stopped and will continue unabated.
Jason then asks James why he thinks the Yen hasn't collapsed yet? They discuss Japan's debt problem and how Japan may be in the process of doing a debt for equity swap throughout their entire society.
Jason then asks James about whether Japan is helping prop up the US stock market and US Treasury markets because there's a 1:1 correlation with the Yen falling and the US stock market rising.
James thinks Japan's government does what they are told to help the US government and US markets out at Japan's own expense. Jason and James discuss the Chinese economy, their gold holdings and whether the Chinese government will collapse.
James thinks the worse the Chinese government gets, the more physical gold holdings they will announce to keep the people calm and that if the Chinese economy were to totally collapse, it would accelerate the Chinese government being overthrown.
To wrap up the interview, Jason asks James about Japan's investment in robotics and why the Japanese seem so interested in being the leaders in robotics.
Wall St for Main St welcome back Peter Grandich, who is a former money manager, author and Founder of Peter Grandich & Company. In this podcast, we discussed the diminishing credibility of the Federal Reserve, the likelihood of the bubble bursting in the stock markets and why some professional athletes make poor financial decision. Plus much more!
Wall St for Main St interviewed Jerry Robinson, who is the founder and editor of Follow The Money Daily. In this podcast, we discussed the recent comment from Bernanke on Wall St executives. He believed they should all go to jail for their role in the "Great Recession" but what about Bernanke himself? Also, we talked about the Trans-Pacific Partnership and what it means for Main Street. Plus much more!
Jason Burack of Wall St for Main St and independent financial journalist and managing editor of The News Doctors http://thenewsdoctors.com/, Eric Dubin are back for Episode #8 of Welcome to Dystopia!
During today's episode, Jason and Eric discuss whether the Federal Reserve will raise interest rates (they didn't) but the odds were low they would.
Jason and Eric talk about the empty promise the G20 just pledged to not engage in another currency warhttp://blogs.reuters.com/breakingview...
Next, Jason and Eric discuss Brazil and emerging markets and how their currencies and economies are in free fall because of US Dollar denominated debt and falling oil and base metal prices.
After this, Jason and Eric discuss China dumping US Treasuries so quickly and what this means.
Jason and Eric discuss the 200+:1 paper to metal ratio on the COMEX and what that means.
After that, they discuss how dire things really are for the gold and silver miners.
To wrap up the show, Jason and Eric talk about this week's Scumbags of the Week Nominees.
This week's nominees are:
1) Venezuelan government for arresting someone for speaking out about the corruption and stupidity in their government and for Venezuelan citizens having to smuggle powdered milk into the country
2) The Malaysian prime minister for having $700 million of public money now in his personal accounts
3) US Government for even considering using Al Quaeda to fight ISIS/ISIL
4) The nanny state of Maryland and local government in Maryland for charging a teenage boy with a 2nd degree assault charge for kissing a teenage girl at school https://reason.com/blog/2015/09/11/te...
Jason Burack of Wall St for Main St had on first time guest, Julia Tourianski. Julia runs the website Brave the World http://bravetheworld.com/ and is an active anti-state propagandist and proponent of Bitcoin.
During this 30+ minute interview, Jason asks Julia about her background growing up in the Soviet Union in Russia before moving to Canada. Julia talks about her life in the Soviet Union, the problems with socialism and how she sees so much corruption in the US.
Jason asks Julia about Canada and how Canada is copying the US and becoming a police state. Julia talks about how Canada is basically a lap dog of the US.
Jason asks Julia why countries like the US are adapting more big government and socialist/fascist/totalitarian control over their population's lives when former Soviet Union countries have abandoned communism and socialism.
Next, Jason asks Julia how she found Bitcoin and became a proponent of using and owning Bitcoin. Julia found Bitcoin using the Silk Road and then she learned Austrian School Economics from Mises Canada and on her own.
Jason and Julia discuss what Wall St embracing Bitcoin could mean.
Finally, to wrap up the show Jason asks Julia why there aren't more women Libertarians? Julia has some very interesting ideas on the topic.
Julia thinks governments like the US will keep growing bigger and bigger until they can't adapt anymore then they will eventually collapse and die.
Jason Burack of Wall St for Main St had on returning guest, Co-founder, President & CEO of Sandstorm Gold http://www.sandstormgold.com/, Nolan Watson.
Here's Nolan's full bio: Mr. Watson co-founded Sandstorm in 2008, prior to which he served as the Chief Financial Officer of Silver Wheaton Corp. In that role, Mr. Watson developed the silver streaming business model and helped raise over US$1 billion in debt and equity to fund Silver Wheaton's growth. Mr. Watson is a Chartered Professional Accountant (Valedictorian), holds the designation of Chartered Financial Analyst and received a Bachelor of Commerce degree, with honours, from the University of British Columbia. He has won numerous awards for his professional and charitable achievements including the Early Achievement Award by the Institute of Chartered Accountants of British Columbia, Canada's Top 40 Under 40 award, CEO of the Year by Business In Vancouver and the Queen's Diamond Jubilee Medal. Mr. Watson also serves as the Chairman of the Audit Committee of the board of Bear Creek Mining Corp. and as a director of TrueGold Mining Inc.
During this 25+ minute interview, Jason asks Nolan about the dangers of trying to use debt to do new deals. Nolan talks about counter party risk with miners and how many miners took on way too much debt to bring very high cost mines online when gold and silver prices were way higher.
Jason and Nolan discuss the gold mining industry at length and how well miners have cut costs, if they need to cut more costs to survive and if the miners can return to profitability anytime soon.
Jason asks Nolan many questions about the gold mining industry and the current and future plans for Sandstorm Gold.
This is a must listen if you own gold mining or silver mining shares, shares of gold and silver royalty and streaming companies or are thinking about doing so in the future!
Jason Burack of Wall St for Main St interviewed returning guest, best selling author, Austrian School Economist, investor and President & CEO of Euro Pacific Capital http://www.europac.com/, Peter Schiffhttp://www.schiffradio.com/.
Peter has over 20 years of experience as a financial professional and is also Chairman of Schiff Goldhttp://schiffgold.com/ and Euro Pacific Bank.
His full bio can be found here: http://www.schiffradio.com/about-peter/ and here:https://en.wikipedia.org/wiki/Peter_S...
His best selling books include: Crash proof, Crash proof 2.0, How an Economy Grows and Why it Crashes, The Real Crash, and The Little Book of Bull Moves in Bear Markets and all these books can be bought on Amazon.
During this 30+ minute interview, Jason first asks Peter about deflation and when in financial history have governments allowed it for a prolonged period of time?
Peter says that in a fiat currency system with central banking, governments will not allow deflation or free market forces to correct many global imbalances for a long period of time without further intervention.
Jason asks Peter about Harry Dent's views of deflation and Peter says that there will be deflation priced in gold as gold will gain purchasing power against other assets like stocks, real estate, other commodities, etc in the years to come.
Next, Jason asks Peter about his newest book, The Real Crash, and why politicians won't allow wages and prices to fall naturally?
Peter says politicians have made lots of campaign promises to get elected and if the economy crashes while they are in office they probably won't be re-elected.
Jason then asks Peter about his article from last week http://www.europac.com/commentaries/f...
Peter says China is unfairly being blamed for the stock markets going down in the US.
After discussing Wall St and the mainstream financial media playing the blame game, Jason asks Peter about gold and what will be the catalysts to drive higher gold and silver prices?
Peter thinks there will be a loss of confidence in the Federal Reserve and other central banks and people will abandon government currencies and other assets in favor of gold.
Peter talks about his gold and silver backed debit card at Euro Pacific bank and how he has invested in new software and technology to improve the product and how it's different than Bitgold/Gold Money.
To wrap up the interview, Jason asks Peter why many more Americans have read Karl Marx and Keynes instead of Mises, Hayek and Rothbard?
Peter says socialism promises people something for nothing and gives adults an excuse to blame others for problems in their lives.