Willem Middelkoop On Silicon Valley Bank Collapse, The Big Reset, And The Financial Endgame
The Julia La Roche Show, Released on 3/13/23
Willem Middelkoop, founder of the Commodity Discovery Fund and author of "The Big Reset: The War on Gold and the Financial Endgame," joins Julia La Roche on episode 61. In this episode, Willem shares his reaction to the Silicon Valley Bank collapse and the actions by the Federal Reserve, FDIC, and the Treasury. In response to the Silicon Valley Bank collapse, the Federal Reserve, Treasury, and FDIC have taken emergency measures to ensure all bank depositors will be made whole, including those whose funds exceeded the maximum FDIC-insured level of $250,000. He explains why the guarantee of all depositors in the U.S. banking system is inflationary. Willem also outlines his thesis from his book "The Big Reset" and why we're already witnessing the financial endgame. Elsewhere, he shares why he expects investors will seek assets like gold, silver, and bitcoin that don't have counterparty risks. He also details his simple model for portfolio construction.
0:00 Intro1:00 Reaction to SVB failure1:50 A record pace of rate hikes2:10 Financial system is unstable because huge debt burden2:41 The Federal Reserve is cornered3:40 A big question is whether they should stop raising rates or continue raising4:50 Raising depositor guarantee limits is inflationary6:20 Gold, silver, and bitcoin on the rise are inflationary signs7:20 Losing trust in the banking system?11:00 Pressure on the dollar15:50 Endgame of the current dollar system17:20 The start of a new financial crisis19:11 FDIC/Fed/Treasury move shows the desperation20:27 A system built on paper assets22:20 A new monetary system?24:22 When too much money starts to flee paper assets to hard assets25:21 Where gold and silver could go?29:00 How to hedge and hide?29:35 Bitcoin has been digital gold since 201430:00 Portfolio construction31:05 Parting thoughts31:59 Stress within the system becomes clearly visible33:20 A huge rally in stocks wouldn't surprise
Willem P. Middelkoop is Co-Founder & Fund Manager at Commodity Discovery Management. He is responsible for research and was previously a private investor in Canadian (junior) mining companies for over 10 years, and is an expert in 'Discovery Investing'. He ceased his work as a financial journalist, in 2009, but is still an active writer, publishing books on financial and economic topics.
Willem Middelkoop On Silicon Valley Bank Collapse, The Big Reset, And The Financial Endgame added by Herman James on 03/13/2023View all posts by Herman James ?+'