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The current financial environment reminds Sprott’s John Embry of right before the 2008 and Dot-Com crises. This time, since the system is distorted even more with higher debt, the collapse will be “chaotic.”
The U.S. Dollar has rallied for the last few weeks. The metals have remained stable despite the Dollar rally. “If the Dollar is the world’s strongest currency, you can’t own enough gold and silver if you start looking into the fundamentals underlying the Dollar. If the Dollar’s strong, it says volumes about how terrible the rest of the world’s currencies are.”
John Embry’s price target for gold is $3000 minimum. He says the gold/silver ratio will fall to a 15 or 20/1. With a current ratio of 80/1, that would mean silver should outperform gold by a factor of four.
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Due to major phone and internet outage in New York due to a recent tornado we were forced to record. We did not want to miss this opportunity for “The Saker” to share his insights on all things geopolitical.
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Geoengineering affects the environment and human health with metal particles used to reflect the sun. It’s commonly known as “chemtrails.” Geoengineering researcher Dane Wigington explains, “Stand back and consider. You can’t breathe without inhaling these particulates. They are completely saturating the air column. I assure you, this is building up in all of us. Lab tests prove this with hair, blood and urine . . . they are building up in all of us. Not only is it right here, right now, toxifying every breath we take, it is decimating the earth life support system, the protective layers of the atmosphere and the ozone layer. This is an all-out assault against life. This is being used as a weapon. These programs are not benevolent. In addition to being used as a weapon, climate engineering is being used to mask, and this is very important, it is being used to mask the full severity of climate collapse from the population by confusing and dividing people. . . . They are going to keep covering this up until the last possible moment.”
Join Greg Hunter as he goes One-on-One with Dane Wigington, founder of GeoEngineeringWatch.org.
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Precious metals are selling off today. Gold is dipping below $1300. But Craig Hemke from TFMetalsReport says the metals markets are about to rally. He sees a similar setup to 2010, before silver skyrocketed to nearly $50 and gold to over $1900.
As the world moves away from the Dollar, this will significantly decrease the demand for the Dollar and U.S. debt. Hemke says America is not prepared for this economically.
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CEO of Wealth Minerals Henk van Alphen says the automotive industry is moving to electric vehicles. He forecasts higher lithium prices because of increasing demand and a short-term supply shortage. Van Alphen explains why this means he’s extremely bullish on lithium stocks, including Wealth Minerals.
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London analyst Alasdair MacLeod tells Silver Doctors the U.S. and U.K.’s trade policies are slowing their economies.
Brexit and Trump’s trade policies show that political leaders are not using comparative advantage to their economic benefit. If China can make some goods cheaper, MacLeod says it is in America’s best interest to buy these goods from China. Restrictions on trade hurt domestic consumers through higher prices.
China is not to blame for the U.S. trade deficit. The U.S.’s monetary and fiscal policies are the cause, MacLeod says.
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“V” interviews Sasha Hodder of Worldblock Legal and Host of HodlCast. Sasha is an attorney at Worldblock Legal, where she focuses on the Fintech sector. She began her work in the virtual currency arena in 2014 and helps her clients navigate the burgeoning regulations surrounding compliance with money transmission services, the Bank Secrecy Act, and Securities Laws. Ms. Hodder has worked on projects such as Initial Coin Offerings, structuring utility tokens, drafting SAFE & SAFT Agreements, drafting Compliance Programs, applying for Money Transmission Licenses, raising money through registered crowdfunding portals, as well as drafting business formation contracts.
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Dave Janda, host of the popular radio show called “Operation Freedom,” says the coming economic reset that world leaders and global bankers have been talking about for years is coming and it is going to bad, then good. Janda explains, “I think what the reset is going to look like is a devaluation of the dollar to a significant degree. . . . The value of gold and silver is going to be reset to a much higher level. . . . When you see governments acquiring gold and silver and . . . when you see the banksters acquiring huge amounts of gold and silver for their own vaults, it tells me it is going to happen sooner rather than later.”
But do not fear because the best days for America are ahead. Janda predicts, “I believe the rule of law is going to be restored. I believe all of our lives will be much better. I believe we will have more opportunities than we can imagine. We are going to look back on these decades before, and we are going to say we were so oppressed and so persecuted by this criminal syndicate that was stripping us of our freedoms, liberties and our finances across the board, we are going to say how did we not do this sooner? How did we not overturn the system sooner? It was so bad then and it is so good now, but that doesn’t mean there are not going to be some tough times in the middle here.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Dave Janda, founder and host of the popular radio show “Operation Freedom.”
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“We’re just seeing history repeat itself,” Mannarino says. “The markets run in cycles.”
“The last time we were in this same spot was 2008 just at the top of that bubble. The time prior to that was at the Dot-Com bubble.”
The yield curve is flattening out, which is a sign we’re heading for another crash. Mannarino says money is going to head to other places, such as gold, silver, and cryptocurrencies.
Cryptocurrencies may be a bubble, however, Mannarino says there is great opportunity in the space if you time it right. His favorite cryptocurrencies are Ethereum, Bitcoin, and Litecoin.
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