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Wall St For Main St

Wall St for Main St is a start up investor education, financial education, research and consulting company. We provide alternative financial information, research, education and consulting to Main Street investors using uncommon wisdom like the Austrian School of Economics. Our goal is teaching people how to fish for themselves instead of trusting their financial adviser for everything. We interview top investors, traders, money managers, financial commentators, economic experts, authors, CEOs and newsletter writers from around the world to discuss the latest events in the global economy and financial markets.
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Now displaying: March, 2016
Mar 30, 2016
James Rickards: Global Financial System Needs Golden Anchor?

Jason Burack of Wall St for Main St interviewed returning guest, best selling author and Chief Global Strategist at the West Shore Funds, Editor of Strategic Intelligence, a monthly newsletter, and Director of The James Rickards Project, an inquiry into the complex dynamics of geopolitics + global capital, James Rickards. http://www.jamesrickardsproject.com/

During this 30+ minute interview, Jason first asks Jim why do you think so many people on Wall St don't understand or hate gold?

Jim says there's been over 40 years of conditioning, brainwashing, etc in schools in the US that's anti-gold and that people in other countries understand gold's role in a diversified investment portfolio far better.

Jason and Jim discuss Warren Buffett's view on gold and the erroneous view that gold caused the Great Depression of 1929.

Jim says that gold is money and doesn't need a yield. Next, Jason asks Jim why Russia and China are accumulating so much physical gold?

Jim says China is doing it to hedge its paper US Treasury holdings (over $3 trillion) in case the US is successfully able to create massive amounts of inflation and devalue the US Dollar.

Jim thinks Russia is accumulating gold more because the US is targeting them more with financial warfare.

Jason then asks Jim if the Shanghai Gold Exchange will allow for real price discovery in the gold market?

Jim talks about how has been manipulated for over 100 years since WWI and that the Chinese would love to accumulate more gold at a lower price but that the gold miners cannot withstand gold at lower prices. Jim mentions a trip to Switzerland to speak to one of the world's largest gold refiners and how this refiner is running his plant 24/7/365 and can't adequately source enough physical gold to send to his Chinese customers.

To wrap up the interview, Jason asks Jim what event/s will stop the currency wars or coordinated central bank currency devaluations?

Jim says currency wars normally last a long time (at least a decade) and that the current currency war has only been ongoing for about 6 years. As the global economy becomes more incoherent, fragile and volatile, the global economy may need to return to a golden standard. But, people should accumulate at least some gold and be on their own personal gold standard.

Mar 29, 2016
Dan Collins: Why the U.S. Can't Have Nice Things Like China Does

Wall St for Main St welcomed back Dan Collins, who is the Editor of The China Money Report. We bring on Dan to provide insights on what is going on in China since he lives and owns a business in China unlike some of the pundits on CNN and MSNBC where the closest they have been to China is Panda Express ;)

In this podcast, we discussed the propaganda war going on in the mainstream media on the Chinese economy. Are they blowing things out of proportion? Also, we talked about the volatile Chinese stock market , Trump's proposal to increase tariff on Chinese imports, China gold buying spree and much more!

Mar 27, 2016
Tuur Demeester: Why Goldbugs Should Own Some Bitcoin

Jason Burack of Wall St for Main St interviewed returning guest, Austrian School Economist, author and investor, Tuur Demeester. His articles are posted on his Twitter handle @Tuurdemeester and he writes for popular Bitcoin and block chain websites.

Tuur Demeester is an independent investor and commentator. He has a background in Austrian economics, the school that specializes in the study of boom-and-bust cycles in the economy. He first discovered Bitcoin on a research trip in Argentina, and started recommending it as an investment at $5 in January 2012.

During this 30+ minute interview, Jason asks Tuur about the state of the global economy. Tuur grew up in Europe, moved to the US and then moved to Latin America. He says emerging markets are used to problems and difficulties more than Americans are and that they are more resilient and more likely to adapt.

Tuur says Bitcoin has dynamic growth in many African countries right now and that Bitcoin will help protect citizens of countries like China from devaluations.

Jason asks Tuur questions about where the $300+ million invested in the Bitcoin and block chain industry went?

Tuur says most of the money went into infrastructure.

Tuur says technologies can always be used for bad things or weaponized by governments or another group and central banks and governments talking about their own private digital currencies and block chains fit into that idea.

Tuur thinks the current large hashing problems with Bitcoin will be solved in different parts and that competing digital currencies like Etherium don't have a large enough network effect.

To wrap up the interview, Tuur says people will need to be more entrepreneurial and open up an online business

Mar 27, 2016

Jason Burack of Wall St for Main St had on returning guest, former portfolio manager and founder of 720 Global http://www.720global.com/, Michael Lebowitz. Michael's articles frequently appear on Zero Hedge. His firm 720 Global writes institutional research.

During this 30+ minute interview, Jason asks Michael about the Federal Reserve and Janet Yellen announcing this week that they will not try to aggressively raise interest rates and if they are trapped and have to go to negative interest rate policy (NIRP) asap?

Michael says the Fed probably won't increase interest more than at most once more in 2016 before they start reversing their interest rate hikes into rate cuts back towards zero and NIRP.

Michael says central bank policies from the US, Japan, China and the ECB are driving people into gold along with the threat of NIRP.

Michael thinks gold has probably bottomed and will continue to go higher long term as long as central banks keep making desperate policy decisions.

Next, Jason asks Michael if he is surprised the stock market hasn't crashed yet?

Michael says he has written 4 articles in the last year or so about share buybacks driving the US stock market higher.

He thinks as the amount of share buybacks decreases soon the likelihood of a stock market crash and bad balance sheets of corporations doing buybacks with too much debt could increase the odds of a stock market crash.

Michael cites Conoco Phillips as an example of a large corporation that did too many share buybacks in 2012 and 2013.

Jason asks Michael if he thinks the recent rallies in oil and base metals prices are based on fundamentals or short covering? Michael thinks very little of those rallies have to do with fundamentals and he thinks oil goes much lower back to $20-30/barrel in the near future.

To wrap up the interview, Jason asks Michael which industries he sees value for in stocks?

Michael says people can start positions in larger oil companies with good balance sheets who don't have a lot of debt and that more sophisticated investors who can read financial statements well can look at oil bonds.

He doesn't like the value in almost any sector but thinks select gold stocks are still very good buys. Michael says people with smaller amounts of capital should buy a gold mining ETF or gold stock mutual fund or royalty and streaming companies like Franco Nevada.

Jason and Michael briefly discuss the silliness of election season now upon the US until November presidential elections are over.

Mar 18, 2016

Jason Burack of Wall St for Main St had on first time guest, Philip Kennedy of Kennedy Financial http://www.philipkennedy.com/home.html.

Phil is a Certified Fraud Examiner, Certified Public Accountant (CPA) and his is a Certified Financial Planner (CFP) candidate. His full bio can be found here: http://www.philipkennedy.com/about.html

Phil started his volunteer based non-profit Kennedy Financial to help military and middle class families in the US get out of debt and also to start saving and investing.

Phil has also written a new book, Financial Judo: Leverage The Crash to Your Advantage, which is free to download as an e-book in exchange for an email address on his website.

Phil also has a new YouTube channel with a lot of good interviews to check out.

During this 25+ minute interview, Jason asks Phil about his background and how he found the Austrian School of Economics?

Phil talks about how he worked hard to get through school and to get all of his certifications and how after he graduated he and his wife wanted to get out of debt asap. Phil found the Austrian School of Economics from Tom Woods' book, Meltdown which was written in 2009 right after the stock market crash in 2008.

Jason then asks Phil about his new book, Financial Judo, what is judo and why he chose the title?

Phil gives a summary of the book and says it's meant for beginners to personal finance and investing. The book has stories and suggestions how to start getting out of debt and what investments to buy with new savings like gold and silver.

Jason and Phil discuss living in the DC metro area and the state of the US economy, which is nowhere near as good as President Obama claims.

Phil thinks the US is already in a depression and that there was no recovery in 2008.

Jason then asks Phil about the amount of fraud in corporations and government in the US?

To wrap up the interview, Phil says how he thinks silver is the best investment anyone with modest means can make right now.

Mar 18, 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 welcome special guest Louis Cammarosano of Smaulgld https://smaulgld.com/ to Episode #17 of their Welcome to Dystopia podcast.

Louis a a precious metal and real estate expert who also has been a teacher, worked on Wall St, worked in Silicon Valley and has been a lawyer for Wall St.

During this hour+ episode, Jason asks Louis about the precious metals market.

Louis thinks CPM Group and the Silver Institute use incorrect data. He says CPM doesn't count investment demand in their demand calculations and that the Silver Institute doesn't properly account for silver ETF holdings. Louis thinks the physical silver market has been in a major deficit for years.

Eric then asks what will cause the silver price to rise? Louis says investment demand and/ot industrial demand for physical metal will force paper prices higher (if the manipulators allow it).

Eric follows up about the manipulation of gold and silver and Louis says it's getting worse.

Jason asks Louis if miners going bankrupt will force the manipulators to retreat and the paper prices to go higher?

Jason asks Louis about the discrepancy between his Mexican silver supply numbers and the Mexican silver supply numbers Steve St Angelo of SRS Rocco report releases.

Louis says Mexican silver miners have to increase silver production to pay bills even with low silver prices. He says this will continue until prices rise or miners go bankrupt because no capital is available to them anymore.

Eric, Jason and Louis discuss the gold and silver miners and what will happen to them next?

Jason says the perfect storm for miners is if physical demand for metal grows, and there's also supply problems.

Jason then asks Louis about the rally in oil, copper, base metals, etc. Louis thinks it's not based on fundamentals and almost all short covering.

Jason then asks Louis what he thinks the world will look like in 10 years? Louis thinks governments will attempt to nationalize all central banks and even big banks and government will attempt to control all credit issues within its borders.

It's a chilling dystopian/authoritative future and we hope he is wrong about it!

Besides accumulating physical precious metals, Louis says investors should be on the lookout for bargain dividend stocks of companies that can generate free cash flow and pay a dividend without using debt to pay dividends.

Mar 18, 2016

Jason Burack of Wall St for Main St interviewed returning guest, mining stock expert http://www.goldsilverdata.com/ and author of How to Invest in Gold and Silver: A Complete Guide with a Focus on Mining Stocks, Don Durrett.

During this 30+ minute interview, Jason asks Don why Gold's fundamentals are improving and why big money managers on Wall St are suddenly buying gold?

Don talks about how the US economy is getting worse and how the threat of negative interest rate policy and the stock market rolling over is causing the fear trade to explode. Don says the fear trade is fueling investors to go into cash and gold.

Next, Jason asks Don about the big move in gold stocks and if the bull market has returned?

Don doesn't think the gold and silver bull market has returned until gold clear overhead resistance levels of 1280 and 1308 for gold.

Jason and Don discuss the pitfalls of investing in gold and silver companies and the latest news about the industry.

Mar 14, 2016
Brent Johnson: If You Believe In Math, Buy Gold

Wall St for Main St continue their week long series on precious metals by interviewing Brent Johnson, who is the CEO of Santiago Capital and a precious metals investor.

In this podcast, we discussed why Brent left Wall St after the 2008 financial crisis and how he got interested in the precious metals market. We also talked about the recent comment made by former Fed chairman on how the Feds used "heroin and cocaine to create a wealth effect", the volatility in the stock market and it means for investors. Finally, we discussed the precious metals market and the recent surge in prices.

Mar 12, 2016
Dave Kranzler: Gold Stocks Looking Attractive Again

Jason Burack of Wall St for Main St had on returning guest, former Wall St bond trader, investment analyst, gold fund manager, founder of Investment Research Dynamics http://investmentresearchdynamics.com/ and co-creator of the popular Shadow of Truth podcast with Rory Hall, Dave Kranzler.

Dave worked on Wall St for over 2 decades and his articles on Investment Research Dynamics are normally well written and quite insightful about the global economy, gold market, etc.

During this 30+ minute interview, Jason asks Dave about the state of the global economy and if it's one big mess? Dave says calling the global economy a mess implies that things can be cleaned up and he believes things cannot be cleaned up. Dave expects a depression at least as bad as the 1929 Great Depression in the near future.

Jason then asks Dave about the recent rally in stocks, copper, oil and base metals and if it was a short covering rally or if the bottom in oil is real?

Dave thinks this recent rally in oil, copper, etc is 100% a bear market rally or short covering rally without any fundamental justification.

Jason then asks Dave about the banks exposure to the oil market?

Dave thinks the banks are lying to keep larger oil companies from going bankrupt and to make bank balance sheets appear much better than reality.

Next, Jason asks Dave how he finds good shorting ideas for his new paid newsletter, Short Seller's Journal. Dave says he looks for macro trends where entire industries bomb earnings and Dave looks for the worst companies of an industry to short. Jason ans Dave then discuss why many prominent value investors also short companies besides buying bargain value stocks.

To wrap up the interview Jason asks Dave about a bottom in gold and gold mining stocks and what the global economy and US may look like 10 years from now?

Dave thinks gold stocks are very attractive to purchase on dips right now and Dave is buying juniors for extra leverage.

Dave says he has no idea what the world will look like 10 years from now because of the totalitarian policies from politicians and bankers making things worse on basically a daily basis.

Mar 12, 2016
Welcome to Dystopia Episode 16: Gold Bull Market Spanking Permabears

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 16 of the Welcome to Dystopia podcast.  

Jason asks Eric about the price action in gold and gold stocks. Eric thinks the bull market in gold is back and it's very bullish that the gold chart has had its 50 day moving average cross over the top of its 200 day moving average.

Jason and Eric discuss this managed retreat going on in the gold market.

A lot of Wall St managed money is clearly moving into gold from stocks, bonds, etc.

Jason and Eric talk about how more evidence keeps appearing of the real global economy slowing down an worsening.

Former central bankers like Mervyn King are now coming out and saying how another crisis is guaranteed and that the elites of Europe intentionally created an economic depression in Europe.

Jason and Eric also discuss how Venezuela is going through hyperinflation now and a collapse of their government and society.

Mar 1, 2016
Roger Conrad: More Carnage In Oil Before We Bottom

Jason Burack of Wall St for Main St interviewed returning guest, investment analyst, long time investment newsletter writer and co-founder of Capitalist Times https://www.capitalisttimes.com/, Roger Conrad.

Roger has over 20 years experience as an investment analyst covering dividend stocks, utilities, and oil and energy investments. Roger is well respected in the industry for his acumen finding good income producing companies. Roger's full bio can be found here: https://www.capitalisttimes.com/autho...

During this 30+ minute interview, Jason asks Roger about whether oil prices have bottomed or will go lower before they bottom? Roger and his business partner, Elliot Gue think oil will bottom in the 20-25 range and there's more carnage to come in oil. However, Roger thinks oil will probably bottom before 2016 ends and then it may settle into a wide trading range between 40-60 where it would be "lower for longer" like in the 1980s oil bear market.

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