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This compilation of financial insights includes videos from Arcadia Economics, Palisades Gold Radio, and Liberty and Finance.
Andy Schectman joins Arcadia Economics to discuss the $2,000 floor for gold continuing to hold.
Head Writer from the Doomberg Chicken Coop joins Tom on Palisades Gold Radio to debunk the cheap oil myth.
Andy Schectman also joins Liberty and Finance to talk about banks, BRICS, and bullion.
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Arcadia Economics
Premiered Feb 20, 2024
There was a sharp selloff in gold and #silver last week following the latest government CPI report. Gold dropped below $2,000 per ounce for the first time in months, while silver traded down to the $22 level.
However the dip has been short-lived, as prices rebounded in the following days. And perhaps most significantly, the gold price was quickly back over the $2,000 mark. Which had served as resistance for a long time, but continues to act as a floor.
Andy also comments on the drop in M2 money supply growth, the divergence between foreign nations’ treasury and gold buying trends, and the other news in the precious metals space in the past week.
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Palisades Gold Radio
Feb 20, 2024
Tom welcomes back once again the Head Writer from the Doomberg Chicken Coop. In this interview Doomberg breaks down many of the energy myths around supply and scarcity in an era of technological advancement.
Doomberg discusses the hotly contested concept of ‘peak cheap oil,’ which asserts that the global economy will soon experience a severe decline in easily affordable oil due to dwindling supplies. Given a humorous twist, Doomberg confidently counters this theory in a manner that ruffles a few feathers amongst its proponents.
Despite his animated personality, Doomberg intelligently lays out a counter-narrative to the peak oil theory, asserting that technological advancements and human adaptability would consistently flex and adapt under the strain of assumed dwindling oil reserves. This plucky chicken argues that, contrary to popular belief, if there was an imminent oil crisis, current political and economic constraints would dissipate, causing nations to rally together and adopt necessary measures to prevent disaster.
Like an experienced egg-cracker, Doomberg breaks down the processes of oil refining, expressing faith in the industry’s ability to convert various hydrocarbon types into numerous usable oil products. So, even when lighter hydrocarbons are at play, Doomberg insists they can be transformed into heavier substances like jet fuel, demonstrating the industry’s adaptability.
In laying out potential solutions to the imminent dread of peak oil reality, Doomberg sounds the rooster’s crow, waking us to the possibilities we would explore to keep oil supply constant and prices economical. Doomberg avows that political restrictions would be shed, conventional oil reserves exploited, shale drilling technology would become widespread, and enormous natural gas reservoirs would be tapped. This talking Chicken Little goes even further to say that faced with skyrocketing oil prices, we would simply alter our engines to run on cheaper, abundant natural gas.
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Doomberg does not mince words about the central importance of energy to the economy, reminding us that despite several crises since the 70s, our primary energy use continues to grow, showcasing our resilience and adaptability. Moreover, Doomberg reiterates that we are far from exhausting accessible and affordable oil— the limitations are more political and temporary than physical or absolute.
To cap it off, Doomberg reaffirms that we have plentiful oil reserves, and our innovative abilities, coupled with political compromises, would forestall any imminent oil crisis. In this engaging conversation laced with comedy and fowl-play, Doomberg manages to debunk several misconceptions about oil exhaustion and the looming energy crisis, presenting a future marked by human ingenuity and widespread energy production. Whether it’s talking about oil, natural gas, or ethanol, it’s clear that Doomberg is no chicken when it comes to tackling complex topics and laying out hard-boiled facts.
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Liberty and Finance
Streamed live Feb 20, 2024
What’s next for banks, bullion, and BRICS? Get your questions answered LIVE by Andy Schectman, CEO & president of Miles Franklin Precious Metals.
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