Gold Is Going To Go!
In an interview I just did with Palisades Gold Radio, I talk about - among other things - the two catalysts I see for gold ripping higher. We also talk China, the Fed & crypto.
Today I release a joint podcast effort with my dear friends over at Palisades Gold Radio, one of my favorite podcasts that can be listened to and followed here.
I had a conversation with Tom Bodrovics yesterday. Tom is a private investor from western Canada with a background in oil and gas. In 2014 he identified the top of the housing cycle and sold his home to invest in the junior resource sector. He gained a libertarian and contrarian perspective in 2013 when he attended an entrepreneurship course in Europe and has been studying markets of all types ever since. He operates a successful business servicing the oil and gas sector in Alberta and is the host of Palisades Radio.
Here’s what we talked about during our interview:
A recent Federal Reserve report indicates that China was trying to infiltrate that organization.
China wants to challenge the dollar and grow as a global economic superpower. China and Russia continue to de-dollarize while stockpiling gold.
The BRICS have announced their intention to create their own global reserve currency.
Why I believe China has decided they want Taiwan, and they have a very long-term approach to their global domination plans.
We’ve seen two negative GDP prints, but those in charge are now changing the definitions. The White House and the Fed have run out of variables to mess with, and they’re not getting the numbers they want. GDP is one of the last bastions of common-sense leftover from Austrian Economic thought.
Once the rate hike truly makes it through the system, there will be significant shockwaves. There won’t be much warning and things will accelerate rapidly. Expect shocks to the credit market that will surprise many. The Titanic has already hit the iceberg and everyone is in denial.
It will be interesting to see what causes Powell to finally pivot. Don’t be fooled and think that everything is fine because it isn’t.
There is no good reason to not believe in gold’s future. It’s soon going to be the key globally. We’re going to see a rush to buy gold unlike anything we’ve seen. Leverage with the miners will be off the chart. The strength in the dollar will not last. That’s when we’ll see gold explode and never come back.
It was clear that companies doing crypto lending we’re taking on enormous risks. If you see offers for 10% plus yields, then you’re almost certainly looking at a Ponzi, which is what we saw with Celsius. Other firms have also blown up, and it seems like there has to be more deleveraging to come. We still have Tether failing to produce an actual audit, and everyone seems skeptical. Until we get more truth and Michael Saylor is sweating in the hot seat, we may not have hit the bottom. Who knows if Bitcoin is cheap, how does one even judge it on fundamentals?
Lastly, Tom and Chris discuss the importance of being objective and getting a rounded view of economics and politics. Integrity and good faith is more important than just being told what you want to hear. We’ve seen a lot of blatant disinformation campaigns driven from a state level through the media.
Talking Points From This Episode
Geopolitics, espionage, and economic supremacy
Why a credit crisis is coming and gold will take off
Finding the truth out by seeking opinions and other perspectives
The crypto markets still need to purge themselves
Time Stamp References:
0:00 – Introduction
2:07 – China, Espionage, & the U.S.
12:17 – Economic Mutual Spying?
15:57 – Hiding Problems
29:13 – Economic Screwing
31:30 – Fed Dorito Theory
39:12 – Faith in Metals
44:09 – Gold is Gonna Go!
48:25 – Gold & Inflation
51:59 – Enormous Crypto Risk?
56:57 – Saylor Carried Out?
59:30 – The Twitter ‘Deal’
1:04:12 – Cybersecurity Sector?
1:16:18 – Objectivity & Analysis
1:27:41 – And Saylor Is Out
1:29:22 – Wrap Up
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Here is the interview, which is about 90 minutes in length:
Is there an app that transcribes podcasts so I can read them in say 10 minutes instead of sitting for an hour, listening?
I hate the "this time it's different' expression and one should always be enormously careful when using it, but I'm not so sure if the Fed is going to pivot when you look at the enormous Marxist ideological component that has crept into ALL institutions. It started relatively (!) innocent a few decades ago with Keynesianism, QE and ZIRP, affirmative action, welfare, etc, but in the mean time (as we've seen with the Canadian Truckers, the Dutch Farmers, and the Covid Sceptics) the police, intelligence community and the tech giants have been brutally suppressing any dissident who deviates from the official party line. Definitions about what constitutes a recession, a pandemic, natural immunity, a woman, etc, are being rewritten in front of our eyes. Do you think a operating stock market, banks, and "market forces" fits into this New Normal? Ask yourself this: "how many hedge funds or big banks are based in North Korea, Cuba, Venezuela, or Albania?" The financial sector needs to be kept on board because the Globalist elites still need them (the carrot) to keep the sheeple quiet, but just like with the "pandemic," they too will NEED to be expropriate with a sudden shock (the stick) that comes out of left field. As Lenin (allegedly) said: "the capitalists will sell us the rope with which we'll hang them."
History has seen many major pivot points, like for example the Enlightenment, the Industrial Revolution, the invention of the steam engine, the invention of the internet, the 1917 Bolshevik Revolution in Russia, the post WW2 Western economic boom, or the 1990 collapse of communism. Some of these pivot points happened overnight, some took a few decades to unfold. I think we're in the middle of one, and "in 2030 you'll own nothing and will be happy" is the target that they are working towards.
Now you might say "don't worry, 2030 is still a long way off" but they want to be FINISHED in 2030! That means that they (I suspect the WEF with the CCP as their puppet masters) will have to first demolish the old (with Covid, war, financial chaos), and then start the reconstruction process, which generally takes much longer. Think of it of building a new house: knocking down the old house goes relatively quickly, but prepping the ground, building the foundation, and constructing the new house takes much much longer. IMHO we're in the 'knocking down the old house' phase and the new house has to be finished on Jan 1st 2030. By the way, look at when Covid started: on 1st January 2020, and the WEF's goal is Jan 1st 2030. Doesn't that sound like a communist (CCP?) 10 year plan to you? https://www.who.int/news/item/27-04-2020-who-timeline---covid-19
IMHO the Globalist elites know that we've reached the end of the road of our current hybrid Democratic Socialism model in which taxes on Capitalism finances the Socialism spending and Cultural Marxism pipe dream projects. We now have too much Socialism that Capitalism can finance, so a "Great Reset" is needs. IMHO China will play ball as they probably control the WEF and all the Marxist crap that has been polluting the West for decades. Parallel to the WEF's 2030 Agenda, the Chinese are working towards their own 1st October 2049 Agenda (1st October 1949 was the proclamation of the People's Republic of China, and in 2049 it will be the 'celebration' of 100 years communism after Mao's Revolution) and the Chinese make no secretor of their desire that by 2049 they want to be a global superpower. IMHO, Russia is the biggest unknown factor and obstacle for the globalist elites.
In short: I don't think the Fed will pivot, but I rather think that History will do the pivoting for us...