This compilation of financial-related insights includes videos from Palisades Gold Radio, ITM Trading, Tech Revolution, David Lin, and Steven Van Metre.
Matthew Piepenburg of Matterhorn Asset Management joins Palisades Gold Radio to discuss how the depression level economy for the US is already here.
Lynette Zang on ITM Trading unveils the truth about hyperinflation and the Dollar.
Tech Revolution shares news of Europe bracing for the worst as the economic crisis deepens.
Chris Vermeulen, Chief Market Strategist of TheTechnicalTraders.com joins David Lin to discuss the possibility of a financial reset in 2024.
Steven Van Metre says a devastating blow is about to hit a sector of the US Economy.
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Palisades Gold Radio
Dec 13, 2023
Tom welcomes back Matthew Piepenburg of Matterhorn Asset Management. They discusses various empirical indicators that suggest the US and the world are facing a recession. Matthew points to the yield curve, the Conference Board of Leading Indicators, the M2 money supply, the Fitch downgrade of the US Treasury, and the layoffs of major companies as evidence of an economic downturn. He also highlights the increase in bankruptcies, credit card delinquencies, and car loan repos, and refers to the “Oliver Anthony indicator” which reflects the struggles of the middle class due to non-reported inflation.
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Piepenburg warns against placing too much faith in technology to solve economic problems and emphasizes the importance of human insight. He argues that the US is in a depression rather than just a recession. He also discusses the risks of currency devaluation, the dangers of government centralization of power, and the need for financial policies and austerity measures.
Piepenburg criticizes the lack of transparent political figures and the influence of special interests and lobbyists. He warns of potential consequences of the current trends in bond buying, the transition away from the US dollar, and the potential changes to the global financial system. He suggests that the C---D-19 pandemic may be a catalyst for structural changes in the financial system. Lastly, he highlights the rise of the Shanghai Gold Exchange as a potential competitor to London and COMEX in determining the price of gold.
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ITM TRADING, INC.
Dec 13, 2023
Lynette and Eric explore the impact of the U.S. losing world reserve currency status, touching on the complexities of inflation, hyperinflation, and global economic dynamics. Don’t miss the insights on gold, market trends, and the illusion of fiat currency!
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Tech Revolution
Dec 13, 2023
Germany, a stalwart of the European economy, is currently grappling with a severe budget crisis that extends beyond mere financial implications. This predicament not only jeopardizes the country’s economic stability but also raises concerns about its reliability as a business partner. The intricacies of this crisis delve into the potential risks facing crucial projects, particularly those geared towards environmental sustainability.
Visualize this: the government’s ambitious spending plan for 2024 now bears a staggering 60 billion euros deficit. This financial void not only raises numerical concerns but prompts questions about the anticipated support for significant industrial projects dependent on public funding. Finance Minister Scholz attempts to allay fears, emphasizing the government’s commitment to reforming the nation, aspiring for a thriving industry, quality employment, and a climate-neutral economy.
Germany’s economic landscape is already contending with challenges, including a shortage of skilled workers and the repercussion of reduced gas supplies from Russia due to the U-----e situation. The specter of impending budget cuts for the next year looms, intensifying the complexity of the situation. A recent court ruling further adds confusion, restricting Germany from utilizing extra pandemic relief funds for climate change projects, in violation of the country’s debt limits.
Budgetary Dilemma Unveiled:
As uncertainty clouds the government’s decisions, the inability to borrow and spend 35 to 40 billion euros next year becomes a critical concern. Chancellor Scholz pledges swift resolution, but this might involve slashing expenditures on climate change initiatives and mitigating the impact of soaring energy prices caused by geopolitical events. This includes vital efforts like enhancing energy efficiency, supporting renewable energy, electric vehicles, and emissions-free hydrogen.
The Ripple Effect:
The budget crisis poses a formidable challenge to Germany’s ambitions of economic transformation and environmental sustainability. It intertwines with instability and energy issues, placing Berlin at a crossroads where tough decisions are imperative.
Economic Realities:
Despite Germany’s historical resilience in facing crises, the current scenario is precarious. Chancellor Scholz and the coalition grapple with disputes ranging from debt and spending to intricate matters like heat pumps and speed limits. Warning signs manifest as recent data challenges earlier predictions, indicating a contracting economy and potential recession. Germany’s status as the economic engine of Europe faces uncertainty due to flawed energy policies and a slow transition to new technologies.
Energy Transition Conundrum:
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The paramount challenge lies in executing Germany’s energy transition efficiently. Affordable power is indispensable for industrial competitiveness, yet the country grapples with some of the highest electricity prices even before Russia’s gas supply disruption. Attempted solutions, such as capping power prices for certain industries, emerge as temporary fixes to a more profound predicament.
Unforeseen Setbacks:
Unexpected events contribute to the crisis, including major declines in residential construction and new orders. The construction sector, a significant contributor to Germany’s GDP and employment, faces challenges stemming from global economic conditions, increased debt levels, and tightened lending standards.
Future Outlook:
The impact of Germany’s crisis extends to surging raw material costs, multiple interest rate hikes by the European Central Bank, and a general erosion of confidence due to inflation. Commercial real estate valuations face uncertainties, exemplified by Adler Group’s debt struggles and halted projects. The absence of new railway projects in 2023 adds another layer of concern.
Energy Challenges and Geopolitical Risks:
As long as the Middle East conflict persists, the threat of another energy crisis in Europe looms, impacting energy-intensive industries and further diminishing output. A 17% drop in energy-hungry industries’ output since the beginning of 2022 raises alarms, especially if energy prices continue their ascent.
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David Lin
Dec 13, 2023
“Everything will sell off” in 2024, except this asset, according to Chris Vermeulen, Chief Market Strategist of TheTechnicalTraders.com,
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Steven Van Metre
Dec 13, 2023
Devastating Blow is About to Hit this Sector of the U.S. Economy
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