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Jason Burack of Wall St for Main St and independent financial journalist and managing editor of The News Doctorshttp://thenewsdoctors.com/, Eric Dubin are back for Episode #21 of their Welcome to Dystopia show.
During this hour+ long full show, Jason asks Eric about the new correction in gold, silver and miners.
Jason and Eric discuss whether Wall St money managers are buying the dips?
Jason talks about how gold and silver prices weren't high enough yet to guarantee a lot of new mines being built.
Eric talks about how the Federal Reserve and US Treasury Department is trying to talk up the possibility of an interest rate hike in June or July to keep the US Dollar Index from collapsing and create demand to buy US Treasury bonds.
Jason and Eric discuss the real economy and how Target, Kohl's and Macy's all had very poor revenues and earnings numbers.
Jason and Eric talk about the Deutsche Bank class action lawsuit Jim Sinclair is filing that precious metal miners are joining.
Jason and Eric discuss the total collapse in Venezuela, corruption in Brazil with their president being impeached and PetroBras and if large Wall St banks manufactured the rally in oil and base metals to avoid/delay bankruptcies on those commodity producers to make the banks look more solvent.
Scumbag Nominees:
1) Mayor of Flint, Michigan- according to whistle blower stealing donation $$$ sent to the water relief crisis and funneling the $$ instead to her PAC http://www.againstcronycapitalism.org/2016...
2) All of US Congress after 65 page manifesto released by whistle blower, Congressman X. X reveals the inner workings of DC politicians and their hypocrisy! http://www.zerohedge.com/news/2016-05-16...
3) Bernie Sanders supporters who endorse Bernie Madoff as his VP! https://www.youtube.com/watch?v=II-gubJpYvA