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This compilation of financial-related insights includes videos from The Atlantis Report, Steven Van Metre, Kitco News, Mike Maloney, David Lin, and Liberty and Finance.
The Atlantis Report begins with mentioning the beginning of the UK mortgage crisis. Steven Van Metre talks about a credit nightmare just beginning. Todd ‘Bubba’ Horwitz joins Michelle Makori on Kitco News to discuss how the Fed will hike into a recession. Rick Rule joins Mike Maloney to talk about how the US Dollar is under attack from Washington. Edward Yardeni joins David Lin to talk about how the stock market will break records as the rolling recession kicks in. Andy Schectman joins Liberty and Finance to discuss the idea of a gold currency is getting real.
The Atlantis Report
Jul 20, 2023
The UK mortgage crisis is the result of several contributing factors that have created a perfect storm in the housing market. Firstly, the rising cost of housing has played a significant role. Over the past five years, housing prices in the UK have skyrocketed by more than 20%. This steep increase has made it increasingly challenging for individuals and families to afford homes, especially for first-time buyers.
Another factor is the availability of cheap credit. Banks and lenders have been eager to offer loans to borrowers, even those with less-than-ideal credit histories. This lenient lending environment has allowed more people to enter the housing market, but it has also increased the risk of defaults. With borrowers taking on substantial mortgages, any downturn in the economy or rise in interest rates could make it difficult for them to meet their monthly repayments.
Furthermore, the possibility of a recession looms over the housing market. A recession would bring job losses and financial instability, making it even more challenging for homeowners to afford their mortgages.
Additionally, an increase in interest rates would make the cost of borrowing higher, putting a strain on borrowers’ finances. Moreover, the threat of falling house prices adds to the concerns. If house prices decline, homeowners may find themselves in a situation where the value of their homes is less than the outstanding amount on their mortgages. This negative equity situation can be detrimental and lead to financial distress. If these factors converge and lead to a UK mortgage crisis, the consequences would be far-reaching.
A decline in house prices would make it difficult for people to sell their homes, leading to a stagnant market. The number of repossessions would likely increase as homeowners struggle to meet their mortgage payments. Ultimately, such a crisis would have a significant negative impact on the overall economy, with decreased consumer spending and potential recessionary effects. Addressing the underlying causes of the UK mortgage crisis, such as rising house prices and easy credit, is crucial for averting a full-blown disaster. Government intervention, through measures like raising interest rates and tightening lending standards, can help stabilize the housing market and prevent further economic turmoil.
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Steven Van Metre
Jul 20, 2023
A Credit Nightmare is Just Beginning (And Why It Has Dire Consequences)
Kitco NEWS
Jul 20, 2023
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Todd ‘Bubba’ Horwitz, Chief Market Strategist at BubbaTrading.com, who says the Federal Reserve will continue to hike interest rates pushing the U.S. economy into a recession and U.S. equity markets (S&P 500) will crash 50-70%. But despite the grim outlook, Horwitz identifies certain assets that he says will outperform in the second half of the year. Horwitz also discusses his outlook for gold, silver and platinum, expectations for the Fed July meeting, and inflation. He also weighs in on the new trend of U.S. presidential candidates promising to back the U.S. dollar with assets, such as gold, silver, and Bitcoin.
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GoldSilver (w/ Mike Maloney)
Premiered Jul 20, 2023
We’re thrilled to bring you an exclusive full-length interview featuring our very own Mike Maloney and the highly respected and widely followed precious metals expert, Rick Rule. You may remember Rick from Mike’s popular “Hidden Secrets of Money” series, where Rick shared tons of valuable insight into the world of precious metals. Today, he’s back for another timely in-depth discussion.
During the conversation, they explore a number of topics, including:
- The role of the dollar as a reserve currency and its ‘exorbitant privilege’
- The importance of gold as a liquid form of protection during crises
- What happens when the current economic bubbles burst
- Rick’s personal investment strategies
- The implications of Central Bank Digital Currencies (CBDCs)
This interview is packed with valuable insights for anyone interested in the current state of the precious metals markets. Don’t miss out on this opportunity to learn from two of the industry’s leading experts.
Watch the interview today and let us know what you think in the comments.
David Lin
Jul 20, 2023
Edward Yardeni, President of Yardeni Research, gives his outlook on the stock market, economic growth, and inflation.
*This video was recorded on July 19, 2023
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Liberty and Finance
Premiered Jul 20, 2023
Andy Schectman, president and CEO of Miles Franklin, has been joining us weekly the last three years. Central to our discussions have been gold reemerging on the world stage and the BRICS developing a new reserve currency to rival the U.S. dollar. Now it’s getting real. Russia recently pre-announced that at the August summit, BRICS will be announcing a gold-backed currency.
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