The Morgan Report

Nick Barisheff interviews David Morgan to discuss his new book, "The Second Chance", silver, the economy, and more.


A precious metals aficionado armed with degrees in finance and economics as well as engineering, David Morgan created 

TheMorganReport.com website. David considers himself a big-picture macroeconomist whose main job is education—educating people about honest money and the benefits of a sound financial system.


David Morgan
http://www.silver-investor.com

ECB the European Central Bank isn't so independent after all. Interesting article about how economies are run on housing bubbles from Automatic Earth. The Anglo-American Empire has created something for nothing. The US isn't so bad when comparted to all the rest like Canada, Australia and the others. India's gold recycling plant has failed to get the Indian population to part with their scrap and unwanted gold jewelry. Unlike in the USA. The Silver Institute says that 600 million ounces will be consumed by photovotaic industry, a huge number. Check out David's interview with Jim Puplava, a good one.

—- IN THIS INTERVIEW ——

Utah and Idaho legislatures are working to pass bills aimed at eliminating capital gains tax on Gold & silver, since these are true money, and citizens shouldn’t have to pay gains tax just due to exchange rates between different currencies, caused by Fed policy that inflates away the value of our US Dollars.

Utah gold & silver legal tender laws, and where this is heading…

Why is it so critical that these states’ government, despite the fiat monetary system are forcing the admission that gold & silver are true money?

As discussed at the Anarchapulco conference this week:

“Thrive” Movie declares that banks and “corporatism” are above the government in elite levels of power today.

Why do banks and governments hate real money?

US Silver Eagles and US Gold Eagles are stamped by the mint with a face value of US Dollars. They are true legal tender. What does this mean and what power does this give us despite coming collapse or reset?

Historical cycles of honest money & sound finance overtaken by central backs, fiat currency at interest, indebting all citizens with a debt they can never get out of. Truly a ponzi scheme: the first “investors” get paid back by later investors, but the pool of debtors ALWAYS increases.

Expecting a huge reset. Will the bankers be ahead of it or behind it?

Will the power elite fight back against free people using gold & silver as real money?

To reclaim your liberty as a free person: Don’t be a socialist (Democrat or Republican) corporate person under the Social Security System, or you are legally owned by the state.

Something that's really in front of a lot of people--Bitcoin. A single Bitcoin transaction takes an extreme amount of energy to complete, enough electricity to power 1.7 American households for a day. Is it true, looks like it. Billionaires are cornering the gold market. Soros, et al. Soros believes that China's economy is ready for a crash. Are banks about to derail the new US Shale Boom? Banks are getting ready to review the credit lines of major shale producers. Much of it is off balance sheet financing. Canadian Solar is not doing well. Things across the board are contracting. The new sub-prime is starting to melt down. Student loans, collateral free loans with no means of collecting. High default rates over 11 percent. A record number of fund managers are saying that the stock market is overvalued. David believes that the market has been in a distribution pattern for quite a while. And David Stockman has brought to everyone's attention that we've hit the debt limit, yet once again. Silver jewelry was strong in 2016. Demand was stronger than any other jewelry type during the 2016 Christmas Season.

The Federal Reserve Bank raised interest rates by 0.25%. This, despite an economy, that some data is suggesting, is slowing rapidly. 

David Morgan joined Max Keiser and Stacy Herbert of Double Down to answer these questions and more..... 

- what will the Fed do about its $4.5 trillion balance sheet?

- How high will interest rates go if they do sell these assets? 

- Are precious metals set to move higher?

Interest rates moved up like everyone expected. Stocks shrugged it off. Gold stocks went up but GDX bellow the 200 day moving average. China is still dumping treasuries to the tune of $45 billion. But the good news is that Wall Street bonuses are up, over 900 percent over the past 3 decades. The rich really are different than you and me. Wolf Richter notes that inflation is up, good for Keynsians, but for you and me. Canadians are drowning in a sea of debt as are the rest of us. India tried to stop Indians from buying gold, so they took away their cash. Didn't work out too well. Silver news releases, First Majestic is buying back its stock. Just like Apple! A little more trial by fire on the downside in metals, perhaps.

ThInterest rates going up, government bonds peaking as well as high grade corporate bonds. This could also be indicative of the overall stock market peaking as well. Check out Jim Ricards book The Road To Ruin. Brazillian economy is crashing. They were the world's 7th largest economy, now the 9th largest. If it could have there, it can happen here. organ Report's Weekly Perspective - March 13th

David Morgan explains why everyone should own at least some gold and silver. It's not rocket-surgery! Governments are stretched to the brink. The Euro is on the rocks. Debt is exploding exponentially. Gold and silver have been money for over 5,000 years and will be for the next 5,000 years as well. Things might look okay or even stable now, but don't be deceived. The first enemy of government is the truth.

Precious Metals expert David Morgan is bullish on both silver and gold. In the short term, Morgan is more bullish on gold. But in the long term, Morgan sees silver outperforming gold three or four to one.

Morgan warns of a future stock market crash. As the stock market keeps hitting all time highs, “the strong hands are selling to the weak hands.” At some point, the insiders will go short, Morgan says, and the weak hands will be left holding the bag.

The bond market has peaked, Morgan says, and the Federal Reserve is “frightened.” What’s coming? He thinks the Fed has to rate interest rates.

Baltic Dry Index over 2016 hit a new low, then picked up and now in 2017 it’s dropping off again. The world’s largest shipping container company is losing money. Not good for world trade. The historic numbers aren’t directly comparable because the ships have gotten so much larger, so capacity has swelled and prices have of course come down. In Australia, private debt has swelled and their real estate market has also gotten too high. In global tensions seem to be increasing. Tensions with Moscow are increasing. Commodities looking at the water crisis coming up in the future. Not sure when, but at some point it will arrive. PM demand is low in US. Germany brings back its Gold early.