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.
Wall St for Main St interviewed Charles Ortel, who is an investor, money manager and writer. In this podcast, we discussed the volatility in the stock market, the low oil prices and how it is affecting the nationalist oil countries like Saudi Arabia and Iran and we also talked about Charles six month investigation of the Clinton Foundation. His investigation found some shocking information on how the Clinton Foundation is being managed. Check it out!
Jason Burack of Wall St for Main St had on returning guest, oil expert Dan Steffens of the Energy Prospectus Group https://www.energyprospectus.com/
Dan has over 30 years of experience working in the oil and gas industry.
During this 30+ minute interview, Jason asks Dan about OPEC and the oil cartel's power over the oil market?
Dan says OPEC more specifically the Saudis has tried to intentionally bankrupt shale oil companies to gain market share but that OPEC is hurting financially now with these low oil prices.
Dan thinks OPEC may cut production in the near future.
Next, Jason asks Dan why M&A hasn't occurred in oil exploration and production companies?
Dan expects that to occur in the near future after oil prices start to rise.
Jason and Dan discuss the supply/demand fundamentals of oil. Dan says 25 times the amount of real oil is traded daily in paper oil. (Does this remind you of gold and silver futures markets?)
Jason asks about potential dividend cuts from Chevron, ExxonMobil, etc. Dan doesn't think they will cut the dividend.
To wrap up the interview, Jason asks Dan about the natural gas and the LNG markets as well as what types of oil companies are safe investments.
Jason Burack and Eric Dubin return for Episode 7 of the new Welcome to Dystopia podcast.
In this podcast, they talk extensively about market volatility reappearing in stocks after almost no volatility for the last few years.
Jason and Eric discuss how all the major economies in the world are trying to manage or manipulate important markets.
The stock market, the oil market and the gold and silver markets are discussed.
With this increased intervention, Jason reads his "3 Most Important Rules for Investing in the New Normal" and how much rules changes going forward are going to be a difficult part to figure out.
Next, Jason and Eric talk about the gold and silver mining sector and how there's a new article out talking about the cost of gold miners http://www.zealllc.com/2015/gm1200fl.htm and why it's not an accurate picture of the industry since the cyclical bear market for gold and silver (manipulated) started in 2011.
Scumbag of the Week Nominees:
1) Former Subway sandwich pitch man and pervert/child porn aficionado, Jared Foglehttp://www.washingtonpost.com/news/mo...
2) Government agencies and law enforcement practicing totally unjustified civil forfeiturehttp://photographyisnotacrime.com/201...
3) Oligarch and president of the Ukraine, Petro Poroshenko breaks a key part of the Minsk II "peace treaty." See: http://thenewsdoctors.com/?p=499156
Jason Burack of Wall St for Main St had on returning guest, editor of the Hat Trick Letter http://www.goldenjackass.com/, Jim Willie.
Jim has been writing his newsletter about the global economy, gold, etc for over a decade and has had many successful predictions years in advance including predicting the 2008 collapse of US banks.
During this hour+ long interview, Jason starts off by asking Jim if China is planning additional retaliation against the US after their couple of devaluations against the US Dollar for the RMB not being allowed into the SDR?
Jim says the RMB will never be allowed into the SDR.
Next, Jason asks Jim why do you think China, Russia and the BRICs haven't pulled the plug yet and what steps do you think need to be taken before they do it?
Jim says China is currently dumping massive amounts of US Treasuries and they are requiring the RMB for trade settlement.
Next, Jason asks Jim about why the oil price is falling and if the Saudis or OPEC hired Wall St to intentionally short the paper oil market?
Jim thinks the Saudis and OPEC are pushing the oil price down to bankrupt US shale oil companies and also punish the US banks who loaned money and underwrote hedges for the US shale producers.
Jim thinks the coming oil bust will not be contained and will be bigger than the US sub prime mortgage and housing crisis that spread into the US banking system, into all US real estate and across the globe.
Next, Jason asks Jim about evidence of developing shortages in the physical silver market. Jim says the shortages will get worse as Wall St banks are destroying the precious metals mining sector.
Jason and Jim discuss whether the covert price manipulation of silver is like a government mandated price control.
After that, Jason asks Jim about US Secretary of State John Kerry's comments about the US Dollar losing its sole World Reserve Currency (WRC) status and why a high level US politician would admit that in public?
To wrap up the interview, Jason asks Jim about Donald Trump, the Federal Reserve's bloated, growing balance sheet and if they are trapped and can ever raise interest rates and the gold market.
Jason asks Jim why mainstream, Progressive billionaires like Stanley Druckenmiller are buying gold for the first time in their lives and why China only reported an increase in its gold holdings of 1600 tons?
Jim Willie says we are in the 9th inning of the current financial system and global economy before the next global economic system is put into place.
Jason Burack of Wall St for Main St interviewed returning guest, precious metals expert David Jensen who owns a private mining company and also is a paid consultant in the precious metals mining industry.
During this 50+ minute interview, Jason asks David about his views about the global economy. David talks about the consequences of zero interest rate policy or ZIRP caused by governments using financial repression to manipulate interest rates.
David talks about John Exeter's inverse expansion pyramid and the importance of gold during an economic collapse because of no counter party risk from owning metal.
David and Jason discuss inflation, deflation, base metals and the employment situation in the US.
To wrap up the interview, Jason asks David a lot of questions about the gold and silver markets and also gold and silver miners.
They discuss a COMEX default, if it's possible for silver shortages and how much money gold and silver miners are losing.
Jason Burack of Wall St for Main St had on first time guest, the founder and managing partner of 720 Global http://www.720global.com/, Michael Lebowitz, CFA. (Chartered Financial Analyst)
Michael's articles appear on Zero Hedge and he has previously worked in the financial industry trading bonds and derivatives at Fannie Mae for 15 years including during the 2008 financial crisis and he also ran a very successful investment firm for 8 years.
During this 30+ minute interview, Jason asks Michael about his recent articles that have appeared on Zero Hedge about share buybacks. Michael calls them fraudulent.
Jason and Michael discuss all the misallocations of capital in the economy.
Jason and Michael have a long discussion about the current macroeconomic situation, deflation, inflation and currency wars.
Michael is more of a deflationist right now although Jason got him to admit his bills are rising on many everyday items along with his property taxes.
To wrap up the interview, Jason asks Michael would investors should be doing right now to protect themselves?
Wall St for Main St interviewed Jeffrey Tucker, who is the Chief Liberty Officer and Founder of Liberty.me. In this podcast, we discussed the growing popularity of Bitcoin and he thinks Bitcoin will replace gold/silver as the safe haven for Main Street. We also talked about the debate of minimum wage, income inequality, his article on Donald Trump that went viral and much more!