Gary was shocked by Biden’s speech on allocation of funds. We spent $4 trillion last year. When does it end? We’re spending like there’s no tomorrow. We’re looking at another $4 trillion for this year. When the Treasury spends on stimulus, that’s when inflation really takes place. 

Copper is going up due to commodity price inflation and also on China’s demand. 

There’s a new normal coming once the pandemic has run its course. We still have 12 million out of work. Many less people able to support their families. Moratorium on evictions and foreclosures. The government is going to pay. 

Many pre-pandemic jobs are going to disappear. And automation isn’t going anywhere. It’s not if, but when. Lyft and Uber are counting on autonomous. Eliminate the drivers. Same with mortgage underwriters. 

Keep  your eye on the chart. The yellow lines are key. $2100 to $2200 gold by the 3rd quater of 2021, if not sooner. Unbridled optimism in the stock is clearly prevalent. How soon will the pandemic abate? Stock market has been putting pressure on gold. Same with Bitcoin. An unusual asset class. One of the super powers will come out and replace their currency with a crypto, who will it be? China, US, EU? 

Gold and silver what’s happening and ahead? When it comes to bringing back the economy, Gary isn’t so optimistic. And that complicates coming out of the global depression. 

Direct download: Gary_Wagner_14.Jan.21.mp3
Category:general -- posted at: 8:01am EDT

The stock market has never been more detached from reality. There’s 7 stocks that call the shots, 40 percent of the market cap. They're the least affected by the pandemic. The other 493 stocks have done nothing. The economy is being destroyed by the lockdowns. Small and medium sized business are 50% of the jobs and 45% of the GDP. And they're the one's hardest hit by poor government policy that is destroying everything in its path. Jim is convinced that the Wuhan CCP Virus escaped from a Chinese Lab to infect the world. His latest book details his views where it's all heading. What could have been a major public health challenge has turned into a massive global depression and we have only the politicians and fake scientists to thank for the current state of affairs. 

Jim lays out very specific action steps that will help you profit from the global depression. You'll find it in his latest book, The New Great Depression: Winners and Losers in a Post-Pandemic World. It's must reading and your financial survival might just depend upon it. 

Direct download: Jim_Rickards_14.Jan.21.mp3
Category:general -- posted at: 8:00am EDT

Leading up to New Year's Day, I spent a week in the hospital fighting Covid-19, together with a case of walking Pneumonia. It was a very challenging experience, but quite enlightening and beneficial as well. From the pandemic’s very beginnings, I made no secret of my belief that governments and politicians at every level were mis-handling the pandemic. Covid 19 is quite serious, especially when the elderly and those with comorbidities are affected. While the absence of underlying illnesses or those of younger ages does not guarantee immunity from the coronavirus, it greatly decreases the mortality rate and the likelihood of serious residual effects.  

 

From the pandemic’s start, I made a pledge to lead my best possible life, all the while taking basic precautions against the disease. I engaged in continuous handwashing, confining most of my social activities to the outdoors and taking a preventative course of HCQ, vitamin D3, Zinc and other supplements. 



Direct download: TLR_487_17.Jan.21.mp3
Category:general -- posted at: 8:00am EDT

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