Quoth the Raven

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• JM Bullion - where QTR buys gold & silver - email [email protected]  - Twitter: @JMBullion

All podcast content is subject to this disclaimer, which you should read slowly, multiple times.

Mark and I talk the economy, the election, Tesla and beer. 

Support QTR

My near-daily blog, Fringe Finance. Get 40% off a subscription: https://quoththeraven.substack.com/subscribe?coupon=fa90a2a2&utm_content=

Contribute a donation to the podcast via Patreon: https://www.patreon.com/QTRResearch

Follow me on YouTube, and Twitter

• JM Bullion - where QTR buys gold & silver - email [email protected]  - Twitter: @JMBullion

1. Kashumba - Since 8/2021

In this conversation, Peter Schiff and I talk the current state of the U.S. economy, the stock market, the dollar and precious metals. We discuss:

The recent surge in gold prices and whether it will hit $3,000 by the end of the year or potentially $6,000 next year.

Both Schiff and I express concerns about the U.S. economy being "broke," the potential shift toward socialism, and rampant inflation driven by Modern Monetary Theory.

Peter Schiff compares today’s gold bull market to the 1970s, emphasizing that this is the beginning of a new bull market, unlike 1979 when the market peaked.

Schiff argues that while interest rates in 1979 ended the gold bull market, the current trend of rate cuts will continue to fuel gold's rise, highlighting the Fed's inability to combat inflation effectively.

The conversation touches on the inflation-adjusted gold price, suggesting that gold remains undervalued when adjusted for true inflation, which CPI doesn't accurately reflect.

The strange phenomenon of retail investors selling gold during one of its best-performing years is highlighted, attributing this to a lack of confidence and distraction by Bitcoin.

The role of Bitcoin as a distraction from gold investments is discussed, with Schiff noting that Bitcoin has underperformed relative to gold and criticizing Bitcoin as “fool’s gold.”

Schiff predicts a significant fall in the value of the U.S. dollar, exacerbated by trade deficits and foreign central banks' increasing preference for gold over U.S. dollars.

Schiff forecasts a looming crisis in the bond market, where rising long-term yields will signal a loss of confidence in U.S. credit quality, further driving gold’s rise.

The mainstream financial media's neglect of gold’s rise is criticized, with both agreeing that gold’s significance as a monetary metal is being ignored, especially compared to the attention given to stocks and Bitcoin.

Support QTR

My near-daily blog, Fringe Finance. Get 40% off a subscription: https://quoththeraven.substack.com/subscribe?coupon=fa90a2a2&utm_content=

Contribute a donation to the podcast via Patreon: https://www.patreon.com/QTRResearch

Follow me on YouTube, and Twitter

• JM Bullion - where QTR buys gold & silver - email [email protected]  - Twitter: @JMBullion

1. Kashumba - Since 8/2021

In a recent interview with Fringe Finance, renowned economist Peter Schiff shared his perspective on the state of the global economy, the ongoing gold rally, and the policies of central banks. Schiff, known for his unflinching critiques of government policies and his bullish stance on gold, offered a comprehensive analysis that touched on a range of economic issues, from the performance of gold to the potential for a looming economic crisis.

In our full hour-long discussion, available via audio we talked about:

the significance of gold surpassing $2,500, the building of a higher base, and the expectation that gold's price will accelerate.

the observation that Wall Street is not yet paying attention to the gold rally, with more focus on Bitcoin

gold mining stocks are hitting new 52-week highs, but they are still far from their 2011 peaks.

gold's price trajectory from 2001, starting at $270 and rising to $1,900 in a decade.

the dollar's recent weakness, particularly against the Swiss franc, and its implications for gold prices.

criticism of the Fed's decision to stop raising interest rates and the potential mistakes associated with future rate cuts.

the inefficiency and potential damage of price controls, specifically regarding Kamala Harris's proposed policies.

the potential effects of taxing unrealized capital gains, including constitutional concerns and the likelihood of increased capital flight from the U.S.

whether government can ever be efficient, with the argument that efficiency is inherently a feature of the private sector, not government.

Japan's economic situation and the potential implications for global markets if similar issues arise elsewhere.

how markets reacted to the Bank of Japan's statements on interest rates and the anticipation of U.S. rate cuts.

concerns about rising inflation, especially in the context of potential rate cuts by the Fed and global economic instability.

warnings about the possible economic collapse if central banks continue on their current paths without addressing the underlying issues.

how long-term inflation could escalate, especially with the current fiscal and monetary policies.

advocacy for investing in gold and gold mining stocks as a hedge against expected economic turmoil and inflation.

Support QTR

My near-daily blog, Fringe Finance. Get 40% off a subscription: https://quoththeraven.substack.com/subscribe?coupon=fa90a2a2&utm_content=

Contribute a donation to the podcast via Patreon: https://www.patreon.com/QTRResearch

Follow me on YouTube, and Twitter

• JM Bullion - where QTR buys gold & silver - email [email protected]  - Twitter: @JMBullion

1. Kashumba - Since 8/2021

George Gammon hosts the Rebel Capitalist Show on YouTube and runs the Rebel Capitalist Pro platform. George is one of my favorite economic commentators and has been a friend of mine, and my podcast, for years. I often describe his podcast as similar to mine, just more well thought out, more educational and more useful with less dick and fart jokes. Hey, everybody’s got their own style.

This is a discussion I had with George on Monday 8/5/2024 following the chaos in U.S. markets on Monday, which followed a 12% drubbing in Japanese stocks Sunday night heading into Monday.

On this podcast, we discussed:

What the yen carry trade is and why it’s screwing up the works in the U.S.

Other risks to U.S. markets and the U.S. economy

Whether George thinks we are heading for a debt crisis (the answer might surprise you)

What the bond market is telling us

How George thinks the Fed is going to react to this volatility

What George thinks the market is going to do in both the short and medium term

Support QTR

My near-daily blog, Fringe Finance. Get 40% off a subscription: https://quoththeraven.substack.com/subscribe?coupon=fa90a2a2&utm_content=

Contribute a donation to the podcast via Patreon: https://www.patreon.com/QTRResearch

Follow me on YouTube, and Twitter

• JM Bullion - where QTR buys gold & silver - email [email protected]  - Twitter: @JMBullion

1. Kashumba - Since 8/2021

I had the great pleasure of interviewing Matt Taibbi this month. We talked about Kamala Harris’ fitness to be a Presidential Candidate, how Matt thinks it is ‘strange’ no questions are being asked about how Harris became the nominee, the failures of the Trump assassination attempt, why Matt thinks ‘profound’ changes are taking place in how Americans think about the world, and the future of government overreach in the U.S.

Taibbi is the head of Racket News and his reputation as a fearless investigative journalist precedes him. From his groundbreaking coverage of the 2008 financial crisis to his more recent explorations of censorship with the Twitter Files, politics, systemic inequality and the inner workings of Congress, Taibbi's body of work reflects a deep commitment to uncovering truths and challenging conventional narratives.

Support QTR

My near-daily blog, Fringe Finance. Get 40% off a subscription: https://quoththeraven.substack.com/subscribe?coupon=fa90a2a2&utm_content=

Contribute a donation to the podcast via Patreon: https://www.patreon.com/QTRResearch

Follow me on YouTube, and Twitter

• JM Bullion - where QTR buys gold & silver - email [email protected]  - Twitter: @JMBullion

1. Kashumba - Since 8/2021

Responding to the assassination attempt that took place last night. 

Support QTR

My near-daily blog, Fringe Finance. Get 40% off a subscription: https://quoththeraven.substack.com/subscribe?coupon=fa90a2a2&utm_content=

Contribute a donation to the podcast via Patreon: https://www.patreon.com/QTRResearch

Follow me on YouTube, and Twitter

• JM Bullion - where QTR buys gold & silver - email [email protected]  - Twitter: @JMBullion

1. Kashumba - Since 8/2021

Chris Martenson, PhD (Duke), MBA (Cornell) is an economic researcher and futurist specializing in energy and resource depletion, and founder of PeakProsperity.com.

Support QTR

My near-daily blog, Fringe Finance. Get 40% off a subscription: https://quoththeraven.substack.com/subscribe?coupon=fa90a2a2&utm_content=

Contribute a donation to the podcast via Patreon: https://www.patreon.com/QTRResearch

Follow me on YouTube, and Twitter

• JM Bullion - where QTR buys gold & silver - email [email protected]  - Twitter: @JMBullion

1. Kashumba - Since 8/2021

James writes The Informationist newsletter on Substack. 

Support QTR

My near-daily blog, Fringe Finance. Get 40% off a subscription: https://quoththeraven.substack.com/subscribe?coupon=fa90a2a2&utm_content=

Contribute a donation to the podcast via Patreon: https://www.patreon.com/QTRResearch

Follow me on YouTube, and Twitter

• JM Bullion - where QTR buys gold & silver - email [email protected]  - Twitter: @JMBullion

1. Kashumba - Since 8/2021

Vitaliy Katsenelson is the CEO of IMA, award-winning writer, author of Active Value Investing, The Little Book of Sideways Markets,  his latest book, Soul in the Game: The Art of a Meaningful Life, and a student of life.

Support QTR

My near-daily blog, Fringe Finance. Get 40% off a subscription: https://quoththeraven.substack.com/subscribe?coupon=fa90a2a2&utm_content=

Contribute a donation to the podcast via Patreon: https://www.patreon.com/QTRResearch

Follow me on YouTube, and Twitter

• JM Bullion - where QTR buys gold & silver - email [email protected]  - Twitter: @JMBullion

1. Kashumba - Since 8/2021