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!