This compilation of financial-related insights includes videos from Palisades Gold Radio, Kitco News, ITM Trading, Tech Revolution, Steven Van Metre, and Lena Petrova.
Bob Moriarty joins Tom on Palisades Gold Radio to discuss why the world’s financial system is an accident waiting to happen.
David Rosenberg, President of Rosenberg Research joins Jeremy Szafron, Anchor at Kitco News to talk about a US hard landing, savings crisis, and a default cycle coming in 2024.
Sound money advocate Lawrence Lepard joins Daniela Cambone on ITM Trading to discuss how the Fed will keep printing money to save the broken system.
Tech Revolution shares news of a massive update from BRICS and China’s warning to Argentina.
Steven Van Metre shares a bombshell from Goldman Sachs on how a major economy is about to come crashing down.
Lena Petrova reports on the brewing banking crash as $684 BILLION was reported by US Banks in unrealized securities losses.
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Palisades Gold Radio
Dec 1, 2023
Bob Moriarty believes that there is a significant conflict between the debt-based system of countries like the UK and the US, and the resource-based system of the BRICS and global South countries. He believes this conflict started with the NATO attack on Russia and can be seen in the ongoing conflicts in Gaza and Israel. He questions the motives behind NATO using aircraft carriers to threaten Gaza instead of other countries like Iran or Syria. He also expresses concerns that this conflict could escalate into World War III, with smaller players in the Middle East having an oversized impact due to their control over key strategic areas like the Red Sea.
Bob believes that nobody ever truly wins in a war and hopes for a peaceful solution. He sees parallels between the UK’s long-term rationing following WWII and fears that a similar circumstance could lead to another world war, especially considering the number of international players and incentives surrounding the Suez Canal area. He claims that Israel and the US want a “final solution” for Palestine, not unlike the US-led destruction of Iraq which resulted in millions of refugees.
Bob expresses deep concerns about the possibility of banks closing and the chaos that could follow. He believes that if the Arabs were to turn off the oil supply, the world would experience a cold winter. He also discusses the Fed’s decision to raise interest rates in an unprecedented way and suggests that it has destroyed the value of bonds and caused banks to take on extreme debt.
Bob suggests that UBS Bank in Switzerland has been refusing to pay back depositors, indicating a broader liquidity crisis in the banking system. He believes that there is a lack of hedging and risk-management in regards to derivative instruments, which has pushed the system closer to crisis.
Bob argues against the viability of renewable energy and electric vehicles, stating that they are financially unfeasible without government subsidies and would require significant environmental impact. He believes that nuclear power is the most economically viable and environmentally friendly energy source.
He believes that the financial system is broken and in need of adult leadership and a better solution, including a decrease in US debt. Bob sees the current situation as part of a recurring pattern and believes that the best government is the one that interferes least.
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Kitco NEWS
Dec 1, 2023
Jeremy Szafron, Anchor at Kitco News, interviews David Rosenberg, President of Rosenberg Research, who shares a comprehensive economic outlook for 2024. Rosenberg discusses potential challenges such as the US economy’s hard landing, a looming savings crisis, and a forecasted default cycle. He also analyzes the impact of past fiscal stimulus and offers predictions on the Federal Reserve’s upcoming actions. The interview explores strategic approaches for navigating 2024’s unpredictable economic landscape, providing vital insights for investors.
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ITM TRADING, INC.
Dec 1, 2023
Sound money advocate Lawrence Lepard shares his macroeconomic analysis on debt, deficits, central bank policies and more with Daniela Cambone. Will his predictions and calls for radical reforms prove right? Watch and decide for yourself.
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Tech Revolution
Dec 1, 2023
The global economic landscape is undergoing a profound transformation as nations gradually reduce their reliance on the US dollar. While the dollar’s historical dominance remains, its share in global reserves is on a steady decline. This shift has prompted nations to explore alternative currencies for international trade, indicating a growing consensus that the US dollar is no longer the exclusive currency dictating the rules of the game.
China’s influence in the global trade arena is making significant strides, extending well beyond its regional neighbors to shape the contours of trade across diverse continents. Meanwhile, Russia, a pivotal player in the BRICS alliance, is deftly maneuvering around the constraints of US sanctions. Their strategic approach involves offering discounted crude oil to developing nations, a tempting proposition that comes with a condition—they must conduct transactions using either the Chinese Yuan or the Russian Ruble.
India, always keen to be at the forefront, is actively forging new trade agreements. Their pitch? Encourage the use of the Indian Rupee over the US dollar in international trade dealings, emblematic of a shift in the traditional landscape of global commerce. Notably, the United States is closely monitoring these developments, as an increasing number of nations express their interest in joining the BRICS consortium.
Venezuela, under the leadership of President Nicolas Maduro, is aggressively seeking China’s support to secure entry into the BRICS group. Maduro underscores the potential of the China-Venezuela relationship in bolstering the BRICS alliance, citing Venezuela’s claim to the largest global oil reserves. Beyond BRICS, Maduro envisions increased Chinese investment in Latin America and the Caribbean, signaling a broader economic collaboration.
Recent reports hint at significant gold purchases by BRICS nations, setting the stage for a groundbreaking digital currency backed by gold for future trade settlements. Simultaneously, Nigeria aims to join BRICS, aligning with its aspirations for global representation and influence—a strategic move that carries considerable weight for West Africa.
Shifting our focus to Argentina, China delivers a cautionary message against severing ties with major players like China and other BRICS nations. The newly elected President, Javier Milei, expresses a preference for strengthening ties with the United States. China, recognizing the value of its economic partnership with Argentina, emphasizes the pivotal role of BRICS for emerging markets.
The global impact gains further momentum as China and Saudi Arabia formalize a local-currency swap agreement, a substantial commitment amounting to $7 billion. This development aligns with the growing trend among countries, particularly in the Middle East and other emerging markets, to shift away from reliance on the US dollar. Saudi Arabia, traditionally a significant oil supplier to China, is expanding its horizons by investing in China’s petrochemical sector and engaging with Chinese tech companies.
This economic collaboration between China and Saudi Arabia transcends mere financial transactions, evolving into a robust diplomatic relationship. The invitation extended to Saudi Arabia to join BRICS, alongside other nations like Iran and the United Arab Emirates, marks a noteworthy departure from the conventional Western economic circles.
Examining the economic ties between China and Saudi Arabia reveals a tightening bond, with Saudi Arabia emerging as a substantial oil supplier to China. This strategic shift towards using local currencies in trade agreements is not an isolated occurrence but aligns with a broader global strategy to diminish dependence on the US dollar, as seen in previous agreements with countries like Argentina and Brazil.
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In the broader spectrum of geopolitical and economic dynamics, BRICS (Brazil, Russia, India, China, and South Africa) emerges as a pivotal player in reshaping the global order. This consortium of nations, characterized by their significant influence on regional and global affairs, represents a departure from traditional power structures. As they forge ahead with collaborative efforts, the impact of BRICS is felt not only in economic alliances but also in geopolitical realignments. The cooperative endeavors within BRICS exemplify a collective pursuit of a more equitable and diversified global landscape, challenging the established norms dominated by Western powers.
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Steven Van Metre
Dec 1, 2023
Goldman Sachs Drops Bombshell – This Major Economy is About to Come Crashing Down
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Lena Petrova, CPA – Finance, Economics & Tax
Dec 1, 2023
BANKING CRASH IS BREWING: $684 BILLION Reported by U.S Banks In Unrealized Securities Losses
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