This compilation of financial-related insights includes videos from Palisades Gold Radio with Lawrence Lepard from Equity Management Associates, Tech Revolution, Gregory Mannarino, Stansberry Research with Matt McCall from Making Money, Steven Van Metre, Lynette Zang, and Liberty and Finance with Andy Schectman.
Quick Summary:
Tom from Palisades Gold Radio talks with Lawrence Lepard from Equity Management Associates about the Federal Reserve, banks, and the potential of a rapid debt contagion. Tech Revolution goes into detail about Africa leading in the global shift away from using the US Dollar. Gregory Mannarino warns of food inflation and shortages. Matt McCall on Stansberry Research talks about robotics and automation being the next trillion-dollar industry. Steven Van Metre reminds us of the on-going transformative global shift in power dynamics. Lynette Zang discusses how dangerous artificial intelligence might be to our economic and personal freedom. Andy Schectman on Liberty and Finance predicts Janet Yellen will let banks fail this time.
Palisades Gold Radio
Jun 26, 2023
Tom welcomes Lawrence Lepard from Equity Management Associates back to the show. Lawrence discusses the rivets on the global economy that are continuing to snap. We have had a number of bank failures in a matter of weeks, part of a larger pattern going back years. We are seeing large commercial mortgage failures and companies walking away, and Lawrence believes more pain is yet to come in the banking sector, with one to two trillion in write downs. The Fed is likely to intervene once again, and something is likely to break soon.
Lawrence discusses the U.S. debt maturities, and how the U.S. government soon will have to pay over a trillion to meet its obligations annually. The math arguably doesn’t work, and the Fed is trapped. The market will force them to pivot at some point, and they will do whatever they can to hold the system together.
He explains why it is important to hold money that can’t be printed, like gold, silver, or bitcoin. He advises to take the long view and recognize why you are holding it, as in the context of saving your wealth, since things could break quickly. Gold, silver, and Bitcoin could move rapidly in a crisis.
Some of the problems could be improved by increasing the money supply. But in a debt based system, there is no going back. Consumers are feeling the pinch and borrowing more from credit isn’t a long-term solution.
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He discusses which age groups are most at risk in a downturn. Boomers hold significant amounts of real estate and equities, and when they realize that inflation is staying, where will they move their capital to preserve wealth? The world has not yet adapted to the new paradigm of high inflation.
There is a multi-generational buying opportunity in the gold stocks, and many holders are tired of the market. If you are a contrarian, you realize people will wake up and these stocks will take off. We must understand the inevitable nature of what is coming. When the system comes unglued, there may be no time to get out. Silicon Valley Bank collapsed in hours, and it is entirely possible things could unravel rapidly and at scale.
Tech Revolution
Jun 27, 2023
Africa is now leading the charge in a global shift away from the US dollar in international trade. De-dollarization is becoming the buzzword of the moment.
And recent developments across the continent, Europe, Iraq, and Venezuela, are shining a spotlight on this growing trend. From the push for a unified currency in Africa to France’s bold decision to ditch the dollar in trade with China, the world is witnessing a transformation in how countries do business.
So, what does this mean for the future of the US dollar and the global economic landscape? Let’s dive in and explore the exciting journey of de-dollarization together!
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Africa is taking significant steps towards a unified currency and reducing its reliance on the US dollar. One of the key initiatives driving this momentum is the Pan-African Payment and Settlement System, also known as PAPSS.
This system aims to facilitate trade and economic cooperation among African nations. It works by enabling them to conduct transactions using their own currencies rather than relying solely on the US dollar.
The African Export-Import Bank is actively participating in implementing PAPSS, providing the necessary support and infrastructure. Their involvement highlights the commitment of African countries to foster financial independence and strengthen regional economic integration.
And as PAPSS gains traction, more countries are expected to join the system. The African Export-Import Bank anticipates that by the end of the year, 15 to 20 countries will have joined PAPSS.
This would solidify the collective effort towards reducing dependence on the US dollar and promoting intra-African trade. Europe is also making advances to reduce its dependence on the US dollar. In fact, France has decided to ditch the dollar for an LNG gas trade with China.
By conducting this trade using currencies other than the US dollar, France is signaling its desire to diversify its currency holdings and promote alternative payment methods. This move by France has broader implications for European countries seeking alternatives to the US currency.
It also highlights a growing sentiment among European nations to explore new avenues and reduce reliance on the dollar-dominated financial system. And by embracing alternative currencies and payment mechanisms, European countries aim to enhance their economic autonomy.
It also reduces their exposure to potential disruptions caused by fluctuations in the US. Meanwhile, Iraq has banned US dollar transactions to strengthen its own currency and gain control over the black-market exchange rate.
The motivation behind Iraq’s move is to curb the volatility in its currency.They also want to reduce its reliance on the US dollar. By banning US dollar transactions, Iraq aims to promote the use of its own currency and increase its value in the global market.
This move is part of Iraq’s broader de-dollarization efforts, which involve reducing its dependence on the US dollar and diversifying its foreign exchange reserves. And by strengthening the Iraqi Dinar and controlling the black market exchange rate, Iraq hopes to stabilize its economy and attract foreign investment.
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But it doesn’t stop there. Venezuela also actively promotes alternative payment platforms to SWIFT, the global banking network. This aligns with the country’s push for de-dollarization, aiming to reduce its reliance on the US dollar in international transactions.
By seeking alternatives to SWIFT, Venezuela is looking to establish more independent and secure payment systems that are not subject to potential US sanctions. Furthermore, Venezuela’s efforts to promote de-dollarization are closely linked to its use of cryptocurrencies for oil transactions.
One example is its own national cryptocurrency called the Petro, to bypass traditional financial systems dominated by the US dollar. In addition, Venezuela can conduct transactions outside the reach of US sanctions and financial restrictions by accepting cryptocurrencies as a form of payment for its oil exports.
Using cryptocurrencies in oil transactions gives Venezuela anonymity and flexibility, as these digital assets are not directly controlled by any single country or central authority.
It allows Venezuela to establish direct and peer-to-peer transactions. It also reduces the need for intermediaries and potentially lowering transaction costs.
Gregory Mannarino
Streamed live Jun 27, 2023
LIVE! The IMF WARNS: Food Inflation Will Continue To Rise. High Probability Of Shortages. Mannarino
Stansberry Research
Jun 27, 2023
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Artificial intelligence (“AI”) continues to be a hot topic among investors. And many related stocks have surged higher as a result. That’s why a lot of investors are once again focusing on innovation investing. But there’s another trend that has been gaining ground in recent years: robotics. So on this episode of Making Money With Matt McCall, Matt dives into the current state of the robotics and automation megatrend. And he discusses how AI is propelling it to the next level.
Steven Van Metre
Jun 27, 2023
Power Shift: A Transformative Shift in Global Power Dynamics is Taking Shape as Alliances Shift
ITM TRADING, INC.
Jun 27, 2023
In this video, Lynette discusses the potential dangers and impact of artificial intelligence (AI) on society, the financial system, and individual freedoms. She highlights the potential biases and negative impacts of AI technologies, which are being rapidly deployed without sufficient testing. We hope this presentation emphasizes the need for individuals to be vigilant, understand the risks, and have a well-thought-out strategy to navigate the upcoming challenges posed by AI.
Liberty and Finance
Premiered Jun 27, 2023
“I think by the end of this year we are going to see a lot more stress in the banking system – a lot more,” says Andy Schectman, CEO and president of Miles Franklin. He expects massive strain on commercial real estate and small businesses. 70% of these sectors are exposed to the regional banks. “I think this time the difference will be that Janet Yellen will let them fail.”
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