Wall St for Main St welcomed back Adam B. Levine, who is the Founder and Senior Editor of Let's Talk Bitcoin! Be sure to check out Adam's podcast and blog at www.letstalkbitcoin.com.
In this podcast, we talked about the recent events that occured in the Bitcoin space in the past month. First, we talked about the impact of the prominent Bitcoin developer exiting and why he declared Bitcoin a failed experiment. Plus, we discussed the block size problem with Bitcoin and how it can be resolved. Finally, we talked about the blockchain technology and much more!
Jason Burack of Wall St for Main St interviewed returning guest, best selling author of the book, The Big Reset, http://www.thebigresetblog.com/ about the changing global economy and commodities fund manager, http://www.cdfund.com/ Willem Middelkoop.
During this 20+ minute interview, Jason first asks Willem about whether another 2008 style banking crisis is happening as we see the share prices of bank stocks including Deutche Bank fall to levels not seen since 2008. Willem thinks a banking crisis is happening as there's over $1 trillion according to his estimates of bad oil and energy loan debts the banks can't write off or absorb that will mean banks are nationalized, bailed out or go bankrupt.
Willem thinks this can be worse than the 2008 crash as this is a global problem of banks going bankrupt as many gave out enormous amounts of oil and energy loans.
Jason asks a follow up question if Willem thinks there's good value for oil stocks that don't have a lot of debt because Willem manages money and invests heavily in resource stocks with his Commodities Discovery Fund.
Willem thinks there's lots of opportunities to make good investments in oil if people know where to look but many oil companies won't survive oil prices this low.
Next, Jason asks Willem about the US Dollar's status as the world's reserve currency (WRC) and the petrodollar with the RMB slated to go into the International Monetary Fund's (IMF) special drawing rights (SDR) basket towards the end of 2016 and what effects this will have on the global economy.
Willem says many countries are already doing currency swaps and bilateral trade agreements outside the US Dollar and that the process of the global economy "de-dollarizing" will continue unabated. Willem doesn't know how long the process will take but that the process is not going to stop.
Next, Jason asks Willem about the rally in gold and silver prices and whether the cyclical bear market in US Dollar terms for gold and silver is over? Willem says he believes the bear market is over although there will be corrections and volatility along the way as precious metals prices move higher.
Willem thinks there's really good value in select gold and silver stocks.
Finally, to wrap up the interview Jason asks Willem if in 10 years they will look back and be amazed at how the powers that be (TPTB) have been able to keep the game going and prop up asset prices and create more asset bubbles and credit bubbles without the US losing the WRC?
Willem thinks the global economy is not ready just yet to completely abandon the US Dollar but there's no need to keep nearly as many US Dollar reserves globally. Willem also thinks there's a high probability of a US stock market crash in the near future and that large amounts of managed money on Wall St is slowly moving large amounts of capital into precious metal related investments building positions for the next leg of the bull market in precious metals to continue higher after this long bear market has finally ended.
Wall St for Main St welcome Nick Giambruno, who is the senior editor of International Man. Nick specialized in offshore banking, foreign real estate, crisis investing and international traveling.
To check out Nick's work, go to www.internationalman.com
In this podcast, we asked Nick's insight on the global economy as he is traveling around the world. We also discussed the impact FATCA is having on U.S. citizens opening a bank account in foreign countries, the impact negative interest rate will have on Main St and what you can do to protect yourself and much more!
Jason Burack of Wall St for Main St interviewed returning guest, former Wall St investment analyst and current marketing director for precious metals bullion dealer Miles Franklin http://www.milesfranklin.com/, Andy Hoffman.
Andy's articles can be found here: http://blog.milesfranklin.com/categor...
During this 30+ minute interview, Jason asks Andy if he thinks all global central banks are trapped?
Andy says fiat currency is a Ponzi scheme that once started cannot be stopped until it blows up.
Andy talks about how much worse things are getting in the real economy and Jason asks Andy how people on Main st are going to get screwed?
Andy thinks people in the middle class living on Main St, USA will be screwed in as many different ways as possible by the US government, large banks, Wall St, etc.
Jason then asks Andy the consequences of negative interest rates. Andy says large Wall St investment banks have revealed that central banks plan on taxing people up to 4% in the near future per year to keep money in a checking or savings account.
To wrap up the interview, Jason and Andy talk extensively about the gold and silver markets including, if the secular precious metals bull market has returned in US Dollar terms, how bad things are for the gold and silver miners and how difficult is it for American citizens to store physical gold and silver outside the US.
Miles Franklin has meetings coming up in different towns in the US to talk about the global economy and precious metals. If you are interested, please contact Andy or the company for more information.
Jason Burack of Wall St for Main St had on returning guest, Gordon T Long http://www.gordontlong.com/
Gordon is a financial repression expert who has many years of experience working in corporate finance as a Chief Financial Officer (CFO) and as a technology executive and investor. His full bio can be found here: http://www.gordontlong.com/About_Us.htm
During this 40+ minute interview, Jason asks Gordon about why the global credit cycle is tightening and the negative consequences of it happening.
Gordon talks about corporations doing financial engineering to grow earnings without increasing revenues and how leveraged buyouts (LBOs) has exploded since 2008 because of the availability of cheap credit. He thinks the yield curve has been fully distorted to benefit governments, large corporations, big banks and Wall St.
Gordon thinks all of this ties into problems in the bond market, negative interest rates and financial repression.
Next, Jason asks Gordon about the bank stocks collapsing and about a potential stock market crash. Gordon thinks it's likely in the near future and that gold and silver prices have most likely bottomed.
However, Gordon thinks gold will be confiscated or heavily taxed by the US government as it continues to rise in price.
Jason and Gordon discuss how silver may be safer than gold because governments are less likely to confiscate it than gold.
To wrap up the show, Gordon talks about how many more taxes are being layered onto middle class people on Main St, USA and how it will destroy the real economy in the near future until this changes.
Jason Burack of Wall St for Main St interviewed first time guest, technology entrepreneur, investor and resource fund money manager, Matt Geiger of MJG Capital http://www.mjgcapital.com/.
Only 24 years old, Matt is already General Partner at MJG Capital where he invests money for a 10 year time frame for his investors into resource stocks. Matt focuses on juniors, prospect generators and near term producers in different commodities in energy and mining. Matt's fund avoids positions in hydrocarbon industries like oil, natural gas and coal but he pays attention to the entire energy complex because the energy sector is linked.
During this 25+ minute interview, Jason asks Matt about his interesting background and then he asks Matt about buying resource stocks in this environment. Matt is bullish on a number of commodities including lithium, gold, silver and uranium.
Jason and Matt discuss how many new technologies like smart phones and tablets require a lot of metal to go into them that Silicon Valley and Americans take for granted.
This interview is a good discussion about investing in resource stocks in a very unloved industry right now.
Jason Burack of Wall St for Main St had on returning guest, former Wall St trader, author and economic expert Greg Mannarino https://traderschoice.net/
During this 20+ minute interview, Jason asks Greg about the Federal Reserve and global central banks implementing negative interest rates.
Greg thinks because all the major central banks constantly talk and "plan" with each other that it's inevitable that the US will also try negative interest rates just like Japan and parts of Europe are trying.
Greg thinks this will hurt the real economy further and that the stock market is in a slow motion crash.
Greg thinks gold and silver have bottomed due to physical supply constraints and money leaving the stock market and going into hard assets like precious metals.
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 #15 of their new Welcome to Dystopia podcast show.
Topics on this week's show include:
1) Japan going to negative interest rates
2) Some members at the Federal Reserve talking about copying Japan and experimenting with negative interest rates
3) Where do negative interest rates come from? (Hint: They come from Marx's labor theory of value and Marx's and Keynes' views of a "savings glut" in an economy)
4) Bank Stocks Look to Be Collapsing and predicting an imminent stock market crash and large global financial crisis
5) Many sovereign wealth funds are selling their stock positions to go to cash to pay off debt in their home countries
6) Russia now takes RMB for its oil. What does this mean for the petrodollar?
7) Gold and Silver markets appear to have finally bottomed and a strong rally looks to be underway
8) What problems does a strong US Dollar cause for the global economy?
Jason Burack of Wall St for Main St interviewed first time guest, gold and silver expert, The Wealth Watchman http://thewealthwatchman.com/
The Watchman has a popular and rapidly growing You Tube channel with his videos about the gold and silver markets that can be found here: https://www.youtube.com/channel/UCJrY...
During this 35+ minute interview, Jason asks Watchman about why China has decided to stop reporting Shanghai Gold Exchange (SGE) withdrawal data according to precious metals expert Koos Jansen of Bullion Star https://www.bullionstar.com/blogs/koo...
Watchman thinks China doesn't want the world (the West) having a good idea exactly how much physical gold it's importing so it halted the data. He thinks China wants to keep covertly/discreetly accumulating a lot more physical metals. Jason and Watchman also discuss China's plans to start buying up gold miners.
Next, Jason asks Watchman about the ridiculous paper:metal ratios at the COMEX that keep becoming more and more absurd! http://www.zerohedge.com/news/2016-01...
Watchman thinks before the COMEX, LBMA and manipulation of gold and silver markets breaks that the ratios could go over 1k or 2k to one!
Jason then asks Watchman how he thinks the manipulation will end? Watchman agrees with Jason that gold miners, silver miners and base metal miners that produce a large amount of silver as a by-product will force the people manipulating gold and silver to let prices go higher or supply will become very scarce.
Quality primary silver miners like Endeavour Silver have recently announced they will finally cut production: http://www.mining.com/endeavour-silve...
To wrap up the interview, Watchman tells Jason that the COMEX is started to bleed silver and Jason tells Watchman that the LBMA recently lost 1000 tons of gold http://www.lbma.org.uk/vaulting