Turning Hard Times Into Good Times

Bob Moriarty, Gwen Preston, Brent Cook and Gregg McCoach are guests for this week’s show. Your host will ask them each to provide their views on the following issues: 1) Based on their economic outlook, which markets do they think will be strong in 2020? 2) What was their best stock pick in 2019? 3) What are their top two picks for 2020?

Keith Weiner, Michael Oliver and Chris Taylor return. John Maynard Keynes said, “There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” Most suggest Keynes was speaking of inflation as the destroyer of society. Keith argues he really meant declining interest rates. Keith will explain how he reached that conclusion, how lower rates are leading to impoverishment around the world and what you can do to protect your wealth from that process. Investing in companies that discover major gold deposits is one sure way to preserve wealth and Chris' Great Bear Resources is doing that in spades. He will update us on GBR’s spectacular gold discovery. Michael will update us on his momentum and structural indicators for gold and other key markets.

Harry Dent visits for the first time. Jayant Bhandari returns. Harry Dent is well known for his view that existing demographic conditions in America will lead to an inevitable stock market decline and massive price deflation. Certainly exponential debt is of great concern but is dollar price deflation inevitable if the number of dollars in circulation expand exponentially? Consumer prices most certainly have declined as measured per ounce of gold but not in dollars. In fact the real consumer cost of living measured in dollars is skyrocketing far above government CPI numbers. We will ask Harry about his views for 2020 for stocks, bonds, commodities and gold. The same questions will be poised for Jayant who has just been traveling over the past couple of months in many countries around the world. Your host will update you on Michael Oliver’s latest comments on the markets that mean the most to this show.

Alasdair Macleod, Michael Oliver & Nav Dhaliwal return. Financial markets are ignoring bearish developments in international trade, which coincide with the end of a long expansionary phase for credit. Both empirical evidence, from the one occasion these conditions existed in the past, and reasoned theory suggest the consequences of this collective folly will be enormous, undermining both financial asset values and fiat currencies. The last time this coincidence occurred was in 1929-32, leading into the great depression, when prices for commodities and output prices for consumer goods fell heavily. With unsound money and a central banking determination to maintain prices, illusions of prosperity may continue to exist, but depression conditions will exist, nonetheless. Alasdair will explain. Nav will update us on the exciting gold exploration plans of Gatling Resources and Michael will update us on his latest momentum and structure readings for gold.

Frank Holmes and Chris Taylor return. Wall Street and the Keynesian economists who dominate American groupthink have applied anti-gold propaganda ever since Lord Keynes called the yellow metal a barbaric relic. That has been a ploy to enable power to be transferred to the elite and away from the middle class, as fiat money, based not on assets but debt, has enslaved the masses of the world. For average folks to survive, they need to hold assets that hold their value while fiat money purchasing power rapidly declines. Gold is king when it comes to retention of purchasing power and in bull markets gold shares are the king of kings within this earthly realm. Frank Holmes, will provide some advice in efficient portfolio construction and Chris will provide an update on Great Bear’s phenomenal gold discovery that gets larger with every drill hole with no end in sight. Your host will comment on some of his top gold share picks as we begin preparing for 2020.

Robert Moriarty, Dr. Quinton Hennigh and Michael Oliver return. The excitement has died down over the discovery of a field of gold nuggets near Karratha in Western Australia. We now know that gold-hosted conglomerate beds extend for many hundreds of square kilometers in Western Australia. But can this most unusual gold deposit be mined profitably? If so, investors would do well to pay attention as Dr. Hennigh and his team apply new technologies to make it happen. Quinton will update us on the latest progress toward commercializing this enormous but one of a kind gold deposit. Robert who has visited Novo’s gold project will share his ideas about its prospects as well as some other gold exploration projects he is bullish on. Michael will provide his usually accurate assessment of the stock, bond, currency, commodities and precious metals markets and where they are headed.

John Rubino and Eric Coffin return. Nick Appleyard visits for the first time. The world has bought the Keynesian notion that earthly paradise can be engineered by excessive consumption, zero savings and debt-based money created magically by central bankers. Central bankers have complied so much that the dollar based financial system is turning insolvent. Burdened by an inability to service debt, Central bankers’ only answer for short term survival is to destroy the existing monetary system longer term, by driving interest rates into negative territory. The system simply can’t finance debt at higher rates. But the nice thing about mass financial delusion is that it offers a target-rich investment environment for the non-delusional. John will lead us into that target-rich environment for survival in the tumultuous world that lies ahead. Eric will share some of his thoughts in the junior mining space and Nick will introduce Tristar Gold that owns very undervalued gold deposit in Brazil.

Alasdair Macleod, John Rubino and Michael Oliver return. An unpleasant conjunction of events is beginning to undermine government finances in more developed nations including the arrival of a long-term trend of rising welfare commitments with an increasing certainty of a global-scale credit crisis. Those problems are in turn the outcome of a combination of the peak of the credit cycle and increasing trade protectionism. Few observers seem aware that an economic and systemic crisis will occur at the same time as government finances are already precarious. However, the consequences are unthinkable for the authorities, and for this reason it is certain such a downturn will lead to a substantial increase in monetary inflation. Alasdair will discuss the magnitude of a collapse of the dollar system and why it appears inevitable. And John and Michael will share their market insights and how we can protect ourselves from the carnage that seems to inevitably lie ahead.

David McAlvany, Daniel McAdams and Michael Oliver return. Once you realize how sick the existing fraudulent fiat global monetary system is and how vulnerable it is to total collapse, you begin to realize that gold is likely destined to rise exponentially in value as measured by worthless fiat currency. When the dollar becomes worthless, what do we do then? While the prospect of a worthless dollar is hard for most Americans to comprehend, history suggests that when confidence is lost in a currency consumer price, indices very suddenly take on the shape of a hockey stick. It may be worthwhile to think ahead of this certain outcome so one is positioned to act while most citizens will be like deer in headlights. Related to the likely decline of the dollar is an American empire in decline. Regarding that topic we will seek Daniel McAdams’s thoughts about Trump’s foreign policy. Michael will join me to provide his latest thoughts on the markets most important to listeners.

Richard Maybury and Michael Oliver return as guests. Addison Quale visits for the first time. Richard will tell us how governments use propaganda to cause fear in the hearts of its citizens in order to gain control over them. If one understands how that game is played and not swayed by it, substantial profits can be made by investing accordingly. Richard will explain how to shape your portfolio to thrive while many tremble in fear. At a time when U.S. dollar savings pay virtually zero interest, the old excuse for not owning gold is gone. Even better, Addison will explain how you can now earn interest on your gold holdings, payable in gold, with relatively low levels of risk. As the price of gold consolidates at current levels, Michael previously explained that the next move upward toward gold’s first resistance at $1,700 will likely require a decline in the dollar and/or equity markets. How close are we to those events? Michael will explain.

Rick Rule, Jeff Deist and Michael Oliver return. Doug Casey who is a highly successful investor has called Rick Rule a genius investor. For sure Rick is not a lemming. He's out in front of the masses shortly before markets change. His expertise has been in the energy and mining sectors but his observation of markets and the nature of humankind are of value no matter whichever the sector. Rick is an avowed lover of liberty and most importantly he puts it into practice on a personal level. We will ask Rick what to make of the existing political and market environment and how he plans to survive the troubled waters that lie ahead. We will also seek Jeff’s thoughts about the current political disunity in America and what that may mean for the markets and our lives in general in the coming years. As usual Michael will share his latest thoughts about key markets and how they interact one with another to help us know which markets to hold and which ones to fold. http://www.javascriptkit.com/script/script2/charcount

Bob Moriarty, Chris Taylor and Michael Oliver return. Brilliant! Outspoken! Colorful! Eccentric! Controversial! Those words describe Bob Moriarty of 321Gold. Bob sees the American Empire’s expansionism leading to the next global financial crisis and America’s military industrial complex pushing the world toward world war as America competes against China’s expanding influence financed via trade surpluses. The impact of a more dominant China on the energy markets, the dollar, and gold will be discussed along with several of Bob’s favorite gold stocks, including Novo Resources and Irving Resources. Chris Taylor, the President & CEO of Great Bear Resources, which has made one of the most spectacular gold discoveries of the past couple of years on its Dixie property in Ontario will helps us gain a sense of just how big and rich that deposit might become. Michael will provide his usual helpful momentum-based appraisal of the gold and other markets of importance.

Alasdair Macleod, Dr. Quinton Hennigh & Michael Oliver return. China has made some silly errors in its conflict with the US, reflecting the arrogance that often afflicts every state actor. But the appearance that China is being backed into a corner over Huawei, trade tariffs and Hong Kong is misleading. China is progressing her own plans, and they do not require an accommodation with America. With Russia in tow, she is now the chief foreign influencer for up to three-quarters of the world’s population, so it is American hegemony that’s being backed into a corner. One day, this will be reflected in a currency shoot-out. Alasdair will explain why he thinks the dollar is more at risk than the yuan, the opposite of perceptions in western capital markets. Dr. Quinton Hennigh will join us to talk about another favorite of your editor, Irving Resources, and Michael will give his latest take on the most important markets.

Alasdair Macleod and David Stockman return. Segments from prior interviews with Alasdair Macleod and David Stockman will be played. The dollar’s days as the global reserve currency are numbered. If you are unprepared, the dollar's decline will decrease your wealth. Macleod and Stockman help identify the factors leading to the dollar's impending demise and how you can protect your wealth before it’s too late. Alasdair’s focus is on low-to-negative rates and how that will trigger commodities prices to go much higher. David illustrates how U.S. Treasuries have become a massive Ponzi scheme with investors buying them only because they are assured of continuous profits thanks to central bank QE. Central banks are powerless to disrupt this moral hazard. The minute they stop printing money, rates will rise dramatically, throwing the global economy into a depression. Listen to identify the signs of near-term dollar demise and what you must do to protect yourself and loved ones.

David McAlvany, Quinton Hennigh and Michael Oliver return. While most investors stay focused on the Dow, one market that listeners to this show watch carefully is engaged in a stealth bull market. It may come as a shock to learn that gold has actually outperformed the most successful investment manager on the planet over the past twenty years. From 1999 into 2019 gold’s value increased 487% vs. a gain of 386% for the Berkshire Hathaway Fund. From all appearances, after six years of treading water, gold has broken out into a new bull market over the past three months. What is gold’s recent price explosion telling us about current market conditions for conventional investments like those Mr. Buffet has chosen while expressing his disdain for gold? We will ask David to opine. Novo Resources may be on to one of the most extensive gold discoveries in history. Dr. Hennigh will update us on Novo’s progress toward production. Michael will provide his usual guidance on key markets.

John Rubino and Michael Oliver return. Your host will talk about some of his favorite gold and silver exploration stocks at a time when exploration stocks are starting to make investors wealthy. Michael will update us on what his latest structure and momentum work is telling him about key markets, including equities. He thinks stocks are now the most crucial market to watch. Alasdair Macleod said two weeks ago that if dollar interest rates turn negative, the days of the dollar as reserve currency are over. David Stockman concurred last week. What are the chances of the U.S. rates turning negative? How will the example of central bankers intervening against the natural laws of economics play out for precious metals debt and equity markets. Those and more topics will be explored with John.

David Stockman, Daniel McAdams and Michael Oliver return. The mark of a true prophet is one whose warnings unfold as predicted. Dating back to his days in the Reagan administration, David avoided political correctness to warn of future doom if America continued to live beyond its means. Stockmans writings have been ignored by the elites but are now starting to come into full view. Rapidly rising gold prices and plunging treasury yields are flashing dire economic warnings. This past week Bank of Englands Mark Carney said the dollars days are numbered as the worlds reserve currency. Out of panic, another former central banker implored Jerome Powell to ensure President Trump is not reelected. As Americas financial health fails, its political standing around the world wobbles. Daniel will provide some insights into Americas global decline. Michaels technical analysis will help connect the dots between the fundamentals and markets of significance and where they are headed next.

Alasdair Macleod, Chen Lin & Michael Oliver return. Growing evidence of a severe global recession is sure to provoke more aggressive monetary policies from central banks. They had hoped to have the leeway to cut interest rates significantly after normalizing them. That has not happened. Thus, as the recession intensifies, central banks will see no alternative to deeper negative rates to keep their governments and banks afloat by eliminating borrowing costs and inflating bond prices. It will be the last throw of the fiat-money dice and, if pursued, will ultimately end in the death of them. Gold and bitcoin prices are now beginning to detect deeper negative rates and the adverse consequences for fiat currencies. After his recent return from China, Chen will share his latest thoughts about US or China trade wars. Michael whose work points toward an inflationary decline will share his latest insights into the gold, equity and debt markets.

Frank Holmes, Eric Coffin and Michael Oliver return. Forced by the U.S. to abandon gold-backed money after Aug. 15, 1971, the world has embarked 100 percentage on the use of fantasy money created out of thin air rather than the tried and proven gold-backed monetary system. Fiat money backed by military force has left global markets in a perilous state. Rigged interest rates have caused capital to be misallocated leaving the world unable to meet debt obligations. With a strong understanding of gold and gold share markets and a global overview of the financial markets in general, we will look to Frank to help us peer into the future. From a shorter term perspective Eric will provide his insights into the junior gold share markets and perhaps have a top pick or two to share with you. No one has provided better guidance regarding the gold markets than Michael. We will ask him for his latest sense of direction for precious metals, currency, debt and equity markets.

James Turk, Peter Tallman and Michael Oliver return. Mainstream investment pros are starting to buy gold to “hedge” their equity portfolios. But most investment pros hate gold given their training in Keynesian economics. Keynes called gold a “barbaric relic” because it stood in the way of the elitist socialist economist manipulating markets for their advantage against the common man. A pack of lies spread by Keynes regarding gold lives on in the minds of virtually all investors today because they have all been trained by Keynesian professors. What are the common fallacies about gold that can cost you dearly if you follow them? James will discuss. On the heels of some very good drill results came a phenomenal one meter intercept grading 1,009 g t gold on Klondike Golds Yukon property. Peter will discuss what that major discovery hole means for Klondikes world class gold exploration project. As usual Michael will share his insights into the most important markets at this time.