In Part II of the discussion with Dr. Chris Martenson of PeakProsperity.com, author of Prosper! returns.
Our guest thinks silver which market price is below the cost of production, an extremely apealing bargain.
Robert Ian stops by with an impromptu, must-hear editorial.
Dr. Martenson is a strong advocate of the personal freedoms / security benefits associated with decentralized currencies.
He notes that cryptocurrencies have a key place in the global economy, but cautions that uncertainty surrounding the future.
Regulators have mostly held to a laissez faire, hands-off policy, viewing the new technology as an email / internet like "fad." Officials appear to be blissfully unaware that digital money will eventually replace fiat.
Cryptos offer safe and reliable transfer of wealth / assets, contracts and sales transactions, due to increased security.
Also, cryptos offer speed, accountability, transparency, anonymity, and efficiency.
A growing legion of citizens, caught between the crosshairs of a vibrant, technologically advanced society.
Key groups find it an increasingly challenging environment to sustain a meaningful standard of living.
Enter cryptos that offer any member of the nearly border less global society the opportunity to open Bitcoin wallets.
Virtually everyone worldwide has access to banking / brokerages / jobs / mortgages / small business loans, etc.
Coins like Komodo, Zero and Monero improve anonymity, representing a key desirable feature of gold and silver coinage.
While detractors point to the "lack of tangible value" of cryptocurrencies, Chris Waltzek counters with, Microsoft.
Microsoft creates virtually no physical products, relative to many competing high-tech firms, selling operating systems.
While not viewed as a glamorous topic, the operating system remains the backbone of the laptop, desktop, iOS world.
Bitcoins are intangible, digital money without a physical form, yet this does little to lower intrinsic value.
The digital aspect makes Bitcoin even more desirable.
Just as Microsoft sells identical operating systems for each computer worldwide, Bitcoin offers a unique token.
The new crypto-revolution is the antithesis of the antiquated business world of the 1980s-1990s.
Chris Waltzek proposes a unique security feature; via a network of low cost, 18" satellite dishes and an extremely low cost satellite in earth's orbit, yielding a 100% independent blockchain from the current infrastructure, offering a new security layer. A proprietary feature would render the crypto blockchain registry 100% unalterable, offering a potentially new layer of security to the blockchain. Chris Waltzek submitted the 12th Signalhunters.net Provisional Patent for the Tesla / Kozyrev Satellite Blockchain Security system today.
Bob Hoye, Editor & Chief Investment Strategist of Bob Hoye.com rejoins the show with must-hear commentary.
His team embraces proprietary technical indicators seeking exhaustion points in market peaks / valleys.
The duo expect the FOMC to begin a rate lowering cycle as soon as September, 3 months earlier than previously forecasted.
The impetus for the date change involves slowing economic conditions in our key trading partner economies.
His work shows that T-Bill rates climb during booms and decline during economic contractions.
Fed policymakers essentially form rate policy decisions by following the T-Bill rate.
As T-Bill rates decline he asserts that policymakers assume that a new economic contraction is imminent.
Chris Waltzek notes that the T-Bill rate is the summation of investor opinions.
So the directional shift could also be due to anticipation of a Fed rate policy change given the current Fed-speak rhetoric.
The NASDAQ is only approaching the year 2000 peak price on a real inflation adjusted basis.
Gold and silver are higher by approximately 300% a 4-5x on a real basis and a remarkable store of value in comparison.
Both agree, every investment portfolio could benefit from exposure to a position in gold shares and related XAU / HUI companies in anticipation of an epic gold stock market rally in the coming months and years.
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Guest Bios
Bob Hoye
Institutional Investors
With a degree in geophysics and a number of fascinating summers in mining exploration, one winter in "the bush" quickly led Bob into the financial markets. This included experience on the trading desk and in the research department of a large investment dealer, which led to institutional stock and bond sales.
Bob's review of financial history provided the forecasting models designed to anticipate significant trend reversals in the sometimes alarming volatility typical of the transition from rampant speculation in tangible assets to fabulous speculation in financial assets.
In anticipation of the latter opportunity, a monthly publication for financial institutions was started in January 1982.
This competently covered the stock market, the yield curve, credit spreads as well as metal and energy prices.
In 1998 the Institutional Advisors website was started as a forum for unique and reliable financial research.
Chris Martenson, PhD (Duke), MBA (Cornell) is an economic researcher and futurist specializing in energy and resource depletion, and cofounder of PeakProsperity.com (along with Adam Taggart). As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the launch of his seminal video seminar: The Crash Course which has also been published in book form (Wiley, March 2011). It's a popular and extremely well-regarded distillation of the interconnected forces in the Economy, Energy and the Environment (the "Three Es" as Chris calls them) that are shaping the future, one that will be defined by increasing challenges to growth as we have known it. In addition to the analysis and commentary he writes for his site PeakProsperity.com, Chris' insights are in high demand by the media as well as academic, civic and private organizations around the world, including institutions such as the UN, the UK House of Commons and US State Legislatures.
Chris Martenson, PhD (Duke), MBA (Cornell) is an economic researcher and futurist specializing in energy and resource depletion, and cofounder of PeakProsperity.com (along with Adam Taggart). As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the launch of his seminal video seminar: The Crash Course which has also been published in book form (Wiley, March 2011). It's a popular and extremely well-regarded distillation of the interconnected forces in the Economy, Energy and the Environment (the "Three Es" as Chris calls them) that are shaping the future, one that will be defined by increasing challenges to growth as we have known it. In addition to the analysis and commentary he writes for his site PeakProsperity.com, Chris' insights are in high demand by the media as well as academic, civic and private organizations around the world, including institutions such as the UN, the UK House of Commons and US State Legislatures.