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Image | David Morgan on Silver Price Manipulation, Delivery Default & Supply Shortage Risks
David Morgan on Silver Price Manipulation, Delivery Default & Supply Shortage Risks
by Adam Taggart

“I have little doubt that most of the silver that is on the SLV’s web site with a bar number is there somewhere. But what I am really concerned about is if it is hypothecated or not, meaning is there more than one owner on that same bar. And I can almost guarantee that there are multiple owners for almost every bar that they report. It does not mean that that bar does not exist.

It takes ten contracts to be a market maker.* (*See retraction and clarification in the comments below.) So I have got ten contracts, I have got fifty thousand ounces, and I ship it to my buddy who is a hedge fund manager over in Idaho. That is my silver. I have just sent it over to him on a lease. I have leased it to him. Now he has taken that silver and he has swapped it with somebody at the SLV, so they have got bars there. And he swapped for those and now those are on the exchange showing as part of the deal. So you can have a lease and a swap, so you could have two or three claims on those same bars. And that happens over and over again.

So the reason I used “purportedly” is that is the correct word. There are very few bars that are actually one-to-one correspondence that are sitting on the SLV and that is their only purpose. That is not the way banks operate. That is not the way the whole system operates. So I am not against the SLV, but I also state very clearly that if you follow what I teach, you would not want that to be considered a primary silver investment. That is a paper investment. That is not silver. That is paper. It only settles in paper. People ask whether I think there is going to be a default on the SLV. I say, how could there be? I mean, read the prospectus, they settle in cash. Think they have any trouble printing that stuff up? I haven't seen any problem with that lately.”

So cautions David Morgan, publisher of The Morgan Report on precious metals and proprietor of Silver-Investor.com. More so than perhaps any other, the silver market has been loudly and visibly accused of rampant price manipulation. And more recently, suspicion is growing that the exchanges and ETFs dedicated to trading the metal do not hold sufficient volume of it to meet their obligations. Is the silver market free and fair? Chris delves deeply into these important questions with one of the best-known silver experts.

In this interview, David explains why:

  • The silver market is definitely manipulated, though likely not as rampantly as some believe. And despite this manipulation, he believes the overall upward trend in silver (and gold) cannot be suppressed in the long run.
  • Holding physical bullion as a core part of one's precious metal portfolio is absolutely critical. Many of the bars pledged to tradable securites (ETFs, futures, etc) are assigned to multiple owners – meaning there is much less actual bullion underlying these securities than the market thinks. 
  • Why his long-term outlook for silver is so bullish. Annual industrial demand for silver continues to outstrip supply from new mining, while increasing investment demand for silver as a monetary vehicle only takes more tonnage out of the market. At some point, the market will wake up to the fact that silver is in much shorter supply than currently appreciated. At that point, the price will go much, much higher.

Click the play button below to listen to Chris' interview with David Morgan (runtime 35m:58s):

[swf file="http://media.PeakProsperity.com/audio/david-morgan-2011-07-20.mp3"]

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Or start reading the transcript below:

David Morgan on Silver Price Manipulation, Delivery Default & Supply Shortage Risks
 by Adam Taggart

“I have little doubt that most of the silver that is on the SLV’s web site with a bar number is there somewhere. But what I am really concerned about is if it is hypothecated or not, meaning is there more than one owner on that same bar. And I can almost guarantee that there are multiple owners for almost every bar that they report. It does not mean that that bar does not exist.

It takes ten contracts to be a market maker.* (*See retraction and clarification in the comments below.) So I have got ten contracts, I have got fifty thousand ounces, and I ship it to my buddy who is a hedge fund manager over in Idaho. That is my silver. I have just sent it over to him on a lease. I have leased it to him. Now he has taken that silver and he has swapped it with somebody at the SLV, so they have got bars there. And he swapped for those and now those are on the exchange showing as part of the deal. So you can have a lease and a swap, so you could have two or three claims on those same bars. And that happens over and over again.

So the reason I used “purportedly” is that is the correct word. There are very few bars that are actually one-to-one correspondence that are sitting on the SLV and that is their only purpose. That is not the way banks operate. That is not the way the whole system operates. So I am not against the SLV, but I also state very clearly that if you follow what I teach, you would not want that to be considered a primary silver investment. That is a paper investment. That is not silver. That is paper. It only settles in paper. People ask whether I think there is going to be a default on the SLV. I say, how could there be? I mean, read the prospectus, they settle in cash. Think they have any trouble printing that stuff up? I haven't seen any problem with that lately.”

So cautions David Morgan, publisher of The Morgan Report on precious metals and proprietor of Silver-Investor.com. More so than perhaps any other, the silver market has been loudly and visibly accused of rampant price manipulation. And more recently, suspicion is growing that the exchanges and ETFs dedicated to trading the metal do not hold sufficient volume of it to meet their obligations. Is the silver market free and fair? Chris delves deeply into these important questions with one of the best-known silver experts.

In this interview, David explains why:

  • The silver market is definitely manipulated, though likely not as rampantly as some believe. And despite this manipulation, he believes the overall upward trend in silver (and gold) cannot be suppressed in the long run.
  • Holding physical bullion as a core part of one's precious metal portfolio is absolutely critical. Many of the bars pledged to tradable securites (ETFs, futures, etc) are assigned to multiple owners – meaning there is much less actual bullion underlying these securities than the market thinks. 
  • Why his long-term outlook for silver is so bullish. Annual industrial demand for silver continues to outstrip supply from new mining, while increasing investment demand for silver as a monetary vehicle only takes more tonnage out of the market. At some point, the market will wake up to the fact that silver is in much shorter supply than currently appreciated. At that point, the price will go much, much higher.

Click the play button below to listen to Chris' interview with David Morgan (runtime 35m:58s):

[swf file="http://media.PeakProsperity.com/audio/david-morgan-2011-07-20.mp3"]

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Or start reading the transcript below:

Image | James Turk: Gold Is Our Defense Against the Fiat Currency Graveyard
James Turk: Gold Is Our Defense Against the Fiat Currency Graveyard
by Adam Taggart

“The rule of law has basically been thrown out the window. Money printing is the order of the day. And when politicians take control of central banks, which they have done in the United States and they are also doing in Europe, that basically destroys the currency. It puts the currency on the road to what I call the Fiat Currency Graveyard, so I expect there are going to be massive currency problems as we go forward. The financial crisis that we have been dealing with for the last several years has not been solved.”

So cautions James Turk, widely-respected precious metals expert and founder/chairman of GoldMoney. In this detailed interview (recorded in June), Chris and James explore the probable outcome of the current US debt-ceiling operatics, the likelihood of future Fed money printing, and strategies for preserving wealth. In short, James believes we are witnessing the decline of the world's major fiat currencies, and expects gold to be remonetized in the aftermath.

James explains why he expects:

  • The US Government to raise the debt ceiling in August, which will require the Federal Reserve to print more money in order to soak up the new debt, sending gold and silver prices much higher this summer.
  • Holders of fiat currencies to experience increasing losses in the purchasing power of their wealth; contrary to those who hold precious metals, who will see the reverse.
  • This pattern of currency devaluation to be similar to the many other examples seen throughout monetary history. In short, the “unthinkable” event of a dollar collapse is a much more probable event than most consider.
  • Precious metals to be an excellent vehicle for preserving purchasing power through this next transition, and whatever future currency emerges, their historic role as money to be restored.
  • The end of the bull market in precious metals is years away. We’ll know its ending when holders of PMs begin trading them for other assets (e.g. property, securities) that have become overly undervalued.

Click the play button below to listen to Chris' interview with James Turk (runtime 49m:11s):

[swf file="http://media.PeakProsperity.com/audio/james-turk-2011-07-12.mp3"]

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Or start reading the transcript below:

James Turk: Gold Is Our Defense Against the Fiat Currency Graveyard
 by Adam Taggart

“The rule of law has basically been thrown out the window. Money printing is the order of the day. And when politicians take control of central banks, which they have done in the United States and they are also doing in Europe, that basically destroys the currency. It puts the currency on the road to what I call the Fiat Currency Graveyard, so I expect there are going to be massive currency problems as we go forward. The financial crisis that we have been dealing with for the last several years has not been solved.”

So cautions James Turk, widely-respected precious metals expert and founder/chairman of GoldMoney. In this detailed interview (recorded in June), Chris and James explore the probable outcome of the current US debt-ceiling operatics, the likelihood of future Fed money printing, and strategies for preserving wealth. In short, James believes we are witnessing the decline of the world's major fiat currencies, and expects gold to be remonetized in the aftermath.

James explains why he expects:

  • The US Government to raise the debt ceiling in August, which will require the Federal Reserve to print more money in order to soak up the new debt, sending gold and silver prices much higher this summer.
  • Holders of fiat currencies to experience increasing losses in the purchasing power of their wealth; contrary to those who hold precious metals, who will see the reverse.
  • This pattern of currency devaluation to be similar to the many other examples seen throughout monetary history. In short, the “unthinkable” event of a dollar collapse is a much more probable event than most consider.
  • Precious metals to be an excellent vehicle for preserving purchasing power through this next transition, and whatever future currency emerges, their historic role as money to be restored.
  • The end of the bull market in precious metals is years away. We’ll know its ending when holders of PMs begin trading them for other assets (e.g. property, securities) that have become overly undervalued.

Click the play button below to listen to Chris' interview with James Turk (runtime 49m:11s):

[swf file="http://media.PeakProsperity.com/audio/james-turk-2011-07-12.mp3"]

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Or start reading the transcript below:

Image | Eric Sprott – Paper Markets Are a Joke: Prepare for Bullion Prices to Go Supernova
Eric Sprott – Paper Markets Are a Joke: Prepare for Bullion Prices to Go Supernova
by Adam Taggart

"I think that the prices will continue higher. I mean the amount of money printing is unbelievable. I just think you have to take that initial stand in terms of buying it. I use the James Turk analogy: just keep dollar averaging. We have gone up eleven years in a row, this year it looks like it will be no exception; I would certainly think next year will be no exception. If we ever have QE3 announced, I think gold and silver will just go absolutely bonkers here. And so I just think you have got to step in there and own it; we’ve had these fears all the way along. You know, $400, and $500 and $700 and $800 dollar gold, everyone was afraid it was a one-time thing. I don’t think it is a one-time thing, I think it is a secular thing. It’s going to carry on for quite a while here until we find some resolution of these problems. And the resolution probably will be some form of default where people just have to expunge debts that cannot be repaid. So, you have got to be in some asset which will not be affected by that."

So predicts Eric Sprott, founder of Sprott Asset Management and famed investor. In this wide-ranging interview, he shares his insights on the precious metals markets – specifically what investors need to be aware of in terms of the way the markets are currently managed (maniuplated), the macro outlook for the economy (grim) and the true value of gold and silver (very underpriced; particularly silver).  

Eric sees the current "extend and pretend" intervention by world governments and central banks to prop of a fundamentally flawed banking system, particualrly the vast money printing efforts of the past few years, as a ruse that is losing it's influence. Once enough people ask "Why have your money in a bank earning nothing? Why not have it in something that might at least maintain its purchasing power?”, the captial flows into the precious metals will dwarf current levels, sending bullion prices much higher.

Those interested in hearing Eric's insights on:

  • why we're in a global secular bear market for most assets classes
  • what the safest investment options are
  • how much precious metals exposure investors should have
  • the key factors that will drive PM prices much higher
  • the mindboggling supply shortage and manipulation within the silver market
  • why there may eventually be two prices for bullion: one for paper and (a much higher one) for physical & how high Eric thinks prices could go

 

 

 

 

 

 

 

 

should click the play button below to listen to Chris' interview with Eric Sprott (runtime 38m:01s):

[swf file="http://media.PeakProsperity.com/audio/eric-sprott-2011-07-05.mp3"]

Download/Play the Podcast
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Or start reading the transcript below:

Eric Sprott – Paper Markets Are a Joke: Prepare for Bullion Prices to Go Supernova
 by Adam Taggart

"I think that the prices will continue higher. I mean the amount of money printing is unbelievable. I just think you have to take that initial stand in terms of buying it. I use the James Turk analogy: just keep dollar averaging. We have gone up eleven years in a row, this year it looks like it will be no exception; I would certainly think next year will be no exception. If we ever have QE3 announced, I think gold and silver will just go absolutely bonkers here. And so I just think you have got to step in there and own it; we’ve had these fears all the way along. You know, $400, and $500 and $700 and $800 dollar gold, everyone was afraid it was a one-time thing. I don’t think it is a one-time thing, I think it is a secular thing. It’s going to carry on for quite a while here until we find some resolution of these problems. And the resolution probably will be some form of default where people just have to expunge debts that cannot be repaid. So, you have got to be in some asset which will not be affected by that."

So predicts Eric Sprott, founder of Sprott Asset Management and famed investor. In this wide-ranging interview, he shares his insights on the precious metals markets – specifically what investors need to be aware of in terms of the way the markets are currently managed (maniuplated), the macro outlook for the economy (grim) and the true value of gold and silver (very underpriced; particularly silver).  

Eric sees the current "extend and pretend" intervention by world governments and central banks to prop of a fundamentally flawed banking system, particualrly the vast money printing efforts of the past few years, as a ruse that is losing it's influence. Once enough people ask "Why have your money in a bank earning nothing? Why not have it in something that might at least maintain its purchasing power?”, the captial flows into the precious metals will dwarf current levels, sending bullion prices much higher.

Those interested in hearing Eric's insights on:

  • why we're in a global secular bear market for most assets classes
  • what the safest investment options are
  • how much precious metals exposure investors should have
  • the key factors that will drive PM prices much higher
  • the mindboggling supply shortage and manipulation within the silver market
  • why there may eventually be two prices for bullion: one for paper and (a much higher one) for physical & how high Eric thinks prices could go

 

 

 

 

 

 

 

 

should click the play button below to listen to Chris' interview with Eric Sprott (runtime 38m:01s):

[swf file="http://media.PeakProsperity.com/audio/eric-sprott-2011-07-05.mp3"]

Download/Play the Podcast
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Or start reading the transcript below:

Image | Exclusive Arnie Gundersen Interview: The Dangers of Fukushima Are Worse and Longer-Lived Than We Think
Exclusive Arnie Gundersen Interview: The Dangers of Fukushima Are Worse and Longer-Lived Than We Think
by Chris Martenson

"I have said it's worse than Chernobyl and I’ll stand by that. There was an enormous amount of radiation given out in the first two to three weeks of the event. And add the wind blowing in-land. It could very well have brought the nation of Japan to its knees. I mean, there is so much contamination that luckily wound up in the Pacific Ocean as compared to across the nation of Japan – it could have cut Japan in half. But now the winds have turned, so they are heading to the south toward Tokyo and now my concern and my advice to friends that if there is a severe aftershock and the Unit 4 building collapses, leave. We are well beyond where any science has ever gone at that point and nuclear fuel lying on the ground and getting hot is not a condition that anyone has ever analyzed."

So cautions Arnie Gundersen, widely-regarded to be the best nuclear analyst covering Japan's Fukushima disaster. The situation on the ground at the crippled reactors remains precarious and at a minimum it will be years before it can be hoped to be truly contained. In the near term, the reactors remain particularly vulnerable to sizable aftershocks, which still have decent probability of occuring. On top of this is a growing threat of 'hot particle' contamination risk to more populated areas as weather patterns shift with the typhoon season and groundwater seepage.

In Part 1 of this interview, Chris and Arnie recap the damage wrought to Fukushima's reactors by the tsunami, the steps TEPCO is taking to address it, and the biggest operational risks that remain at this time. In Part 2, they dive into the health risks still posed by the situation there and what individuals should do (including those on the US west coast) if it worsens.

Click the play button below to listen to Part 1 of Chris' interview with Arnie Gundersen (runtime 36m:31s):

[swf file="http://media.PeakProsperity.com/audio/arnie-gundersen-2011-06-03-part1.mp3"]

Download/Play the Podcast
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Or start reading the transcript below:

Exclusive Arnie Gundersen Interview: The Dangers of Fukushima Are Worse and Longer-Lived Than We Think
 by Chris Martenson

"I have said it's worse than Chernobyl and I’ll stand by that. There was an enormous amount of radiation given out in the first two to three weeks of the event. And add the wind blowing in-land. It could very well have brought the nation of Japan to its knees. I mean, there is so much contamination that luckily wound up in the Pacific Ocean as compared to across the nation of Japan – it could have cut Japan in half. But now the winds have turned, so they are heading to the south toward Tokyo and now my concern and my advice to friends that if there is a severe aftershock and the Unit 4 building collapses, leave. We are well beyond where any science has ever gone at that point and nuclear fuel lying on the ground and getting hot is not a condition that anyone has ever analyzed."

So cautions Arnie Gundersen, widely-regarded to be the best nuclear analyst covering Japan's Fukushima disaster. The situation on the ground at the crippled reactors remains precarious and at a minimum it will be years before it can be hoped to be truly contained. In the near term, the reactors remain particularly vulnerable to sizable aftershocks, which still have decent probability of occuring. On top of this is a growing threat of 'hot particle' contamination risk to more populated areas as weather patterns shift with the typhoon season and groundwater seepage.

In Part 1 of this interview, Chris and Arnie recap the damage wrought to Fukushima's reactors by the tsunami, the steps TEPCO is taking to address it, and the biggest operational risks that remain at this time. In Part 2, they dive into the health risks still posed by the situation there and what individuals should do (including those on the US west coast) if it worsens.

Click the play button below to listen to Part 1 of Chris' interview with Arnie Gundersen (runtime 36m:31s):

[swf file="http://media.PeakProsperity.com/audio/arnie-gundersen-2011-06-03-part1.mp3"]

Download/Play the Podcast
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Or start reading the transcript below:

Image | John Rubino: Get Ready for Accelerating Devaluation of All Fiat Currencies
John Rubino: Get Ready for Accelerating Devaluation of All Fiat Currencies
by Chris Martenson

"We are exporting our inflation to the rest of the world. We are forcing countries like Brazil and China to endure the pain that we should be enduring. Brazil’s interest rates are like 12% right now. China is doing something new every couple of days to scale back bank lending and consumer spending. They are countries where a big part of the population makes just a few dollars a day. Rising food and energy prices are devastating for these guys. They do not really control the global price of energy and food, yet they have to endure the pain of slowing their economies down and throwing people out of work. Have them have to spend more and more of their money on food and energy so we can keep on borrowing and growing.

Clearly that is unsustainable. At some point these countries are going to say “No, we want our currencies to depreciate, too. We want to be able to continue to export to you.” So what we will end up with is sort of like what happened in the Depression. Everybody was trying to cut the value of their currencies at the same time. What that leads to, obviously, is global inflation, instead of just localized inflation where a few countries are debasing their currencies. You have got everybody doing it at once. That is because the US, with the world’s reserve currency, basically controls this process. We have chosen to decrease the value of the dollar dramatically over the next few years. That is going to force the rest of the world to do the same thing or endure an overvalued currency and recession. No elected politician can put up with that.

So what’s out there? Maybe after a mini-recession or some kind of correction in the next year or two is another round — an even bigger round — of global inflation. Basically all the fiat currencies of the world start decreasing in value at an accelerating rate. At some point, the whole concept of fiat currency, of governments in charge of their own monetary printing presses is going to be discredited."

So states John Rubino, proprietor of DollarCollapse.com. In his eyes, the demise of the dollar and other world fiat currencies via inflation is now a sure bet. There is simply too much debt that needs to be repaid, and our political leaders are not going to willingly choose the short-term pain of austerity and/or default. Of course, the resulting collapse of our monetary system will be much more painful and destructive in the long run.

Click the play button below to listen to Chris' interview with John Rubino (runtime 45m:22s):

[swf file="http://media.PeakProsperity.com/audio/john-rubino-2011-05-20.mp3"]

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Or start reading the transcript below:

John Rubino: Get Ready for Accelerating Devaluation of All Fiat Currencies
 by Chris Martenson

"We are exporting our inflation to the rest of the world. We are forcing countries like Brazil and China to endure the pain that we should be enduring. Brazil’s interest rates are like 12% right now. China is doing something new every couple of days to scale back bank lending and consumer spending. They are countries where a big part of the population makes just a few dollars a day. Rising food and energy prices are devastating for these guys. They do not really control the global price of energy and food, yet they have to endure the pain of slowing their economies down and throwing people out of work. Have them have to spend more and more of their money on food and energy so we can keep on borrowing and growing.

Clearly that is unsustainable. At some point these countries are going to say “No, we want our currencies to depreciate, too. We want to be able to continue to export to you.” So what we will end up with is sort of like what happened in the Depression. Everybody was trying to cut the value of their currencies at the same time. What that leads to, obviously, is global inflation, instead of just localized inflation where a few countries are debasing their currencies. You have got everybody doing it at once. That is because the US, with the world’s reserve currency, basically controls this process. We have chosen to decrease the value of the dollar dramatically over the next few years. That is going to force the rest of the world to do the same thing or endure an overvalued currency and recession. No elected politician can put up with that.

So what’s out there? Maybe after a mini-recession or some kind of correction in the next year or two is another round — an even bigger round — of global inflation. Basically all the fiat currencies of the world start decreasing in value at an accelerating rate. At some point, the whole concept of fiat currency, of governments in charge of their own monetary printing presses is going to be discredited."

So states John Rubino, proprietor of DollarCollapse.com. In his eyes, the demise of the dollar and other world fiat currencies via inflation is now a sure bet. There is simply too much debt that needs to be repaid, and our political leaders are not going to willingly choose the short-term pain of austerity and/or default. Of course, the resulting collapse of our monetary system will be much more painful and destructive in the long run.

Click the play button below to listen to Chris' interview with John Rubino (runtime 45m:22s):

[swf file="http://media.PeakProsperity.com/audio/john-rubino-2011-05-20.mp3"]

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Or start reading the transcript below:

Image | Addison Wiggin: We Can’t Afford the Solutions Needed to Reverse Our Decline
Addison Wiggin: We Can’t Afford the Solutions Needed to Reverse Our Decline
by Chris Martenson

"Everything is out of whack. We can’t be the policeman to the world and provide a safety net for all citizens if we don’t have the tax rates or the income to the government that supports all that. It seems like common sense, and it should be common sense. But something happens when you take it from a discussion that you and I might have to the political level, which is often just driven by emotion and public speech. Somehow the desire, the continued promising that the government can solve all problems, meets with jubilation and boasts. And people want to just keep going, and they never want to actually accept that at some point the unsustainable has to end. I mean, that’s the nature of the world.

It gets frustrating to think that we’re at a point where politicians are really going to have to work together to come up with solutions that are going to be unpopular to anyone – and I struggle to think that we’re even capable of putting together a set of solutions that will work. It might be too late."

So states Addison Wiggin, executive publisher of Agora Financial and executive producer of I.O.U.S.A. Strong words from a man who has been writing for over ten years about how our debt-inebriated economy will eventually collapse upon itself – but is still shocked and saddened to see his predictions play out in reality. He sees the global economy to be at a point of massive destructive transformation – but full of opportunity for informed investors, and, ulitmately, for the system that succeeds it.

Click the play button below to listen to Chris' interview with Addison Wiggin (runtime 41m:50s):

[swf file="http://media.PeakProsperity.com/audio/addison-wiggin-2011-04-29.mp3"]

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In this podcast, Addison expounds on:

Addison Wiggin: We Can’t Afford the Solutions Needed to Reverse Our Decline
 by Chris Martenson

"Everything is out of whack. We can’t be the policeman to the world and provide a safety net for all citizens if we don’t have the tax rates or the income to the government that supports all that. It seems like common sense, and it should be common sense. But something happens when you take it from a discussion that you and I might have to the political level, which is often just driven by emotion and public speech. Somehow the desire, the continued promising that the government can solve all problems, meets with jubilation and boasts. And people want to just keep going, and they never want to actually accept that at some point the unsustainable has to end. I mean, that’s the nature of the world.

It gets frustrating to think that we’re at a point where politicians are really going to have to work together to come up with solutions that are going to be unpopular to anyone – and I struggle to think that we’re even capable of putting together a set of solutions that will work. It might be too late."

So states Addison Wiggin, executive publisher of Agora Financial and executive producer of I.O.U.S.A. Strong words from a man who has been writing for over ten years about how our debt-inebriated economy will eventually collapse upon itself – but is still shocked and saddened to see his predictions play out in reality. He sees the global economy to be at a point of massive destructive transformation – but full of opportunity for informed investors, and, ulitmately, for the system that succeeds it.

Click the play button below to listen to Chris' interview with Addison Wiggin (runtime 41m:50s):

[swf file="http://media.PeakProsperity.com/audio/addison-wiggin-2011-04-29.mp3"]

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In this podcast, Addison expounds on:

Image | Simon Black: The Most Sound Opportunities Are Outside the Western World
Simon Black: The Most Sound Opportunities Are Outside the Western World
by Chris Martenson

"In the long run, as decades of capital misallocations and inefficiencies in the global economy get shaken out, there’s going to be a redistribution of the wealth. And I think the wealth is going to go to where it’s treated best.

And at the end of the day, that’s really what I’m looking for: the places that have the most solid fundamentals and the best growth potential."

So states Simon Black, who travels the world (over 20 countries in the past 3 months) in order to assess and report on the investment and lifestyle opportunities offered by various international destinations for the readers of his blog, SovereignMan.com. His boots-on-the-ground observations lead him to conclude that there are a number of resource-rich and fiscally sound developing nations that are much better positioned to meet the future than the US and its developed counterparts. Smart investors, in his opinion, can't afford to ignore the stability and returns (both financial and lifestyle) that these countries offer. They should be asking themselves: Do I have sufficient exposure to these opportunities?

Click the play button below to listen to Chris' interview with Simon Black (runtime 33m:25s):

[swf file="http://media.PeakProsperity.com/audio/simon-black-2011-04-28-final.mp3"]

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In this podcast, Simon details:

Simon Black: The Most Sound Opportunities Are Outside the Western World
 by Chris Martenson

"In the long run, as decades of capital misallocations and inefficiencies in the global economy get shaken out, there’s going to be a redistribution of the wealth. And I think the wealth is going to go to where it’s treated best.

And at the end of the day, that’s really what I’m looking for: the places that have the most solid fundamentals and the best growth potential."

So states Simon Black, who travels the world (over 20 countries in the past 3 months) in order to assess and report on the investment and lifestyle opportunities offered by various international destinations for the readers of his blog, SovereignMan.com. His boots-on-the-ground observations lead him to conclude that there are a number of resource-rich and fiscally sound developing nations that are much better positioned to meet the future than the US and its developed counterparts. Smart investors, in his opinion, can't afford to ignore the stability and returns (both financial and lifestyle) that these countries offer. They should be asking themselves: Do I have sufficient exposure to these opportunities?

Click the play button below to listen to Chris' interview with Simon Black (runtime 33m:25s):

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In this podcast, Simon details:

Image | Axel Merk: Why Is Anyone Still Waiting to Sell the Dollar?
Axel Merk: Why Is Anyone Still Waiting to Sell the Dollar?
by Adam Taggart

"The Fed can buy billions, even a trillion or so, but if and when the market is moving against the policymakers, then there is no stopping. The Fed cannot stem that tide. There is only so much that they can manage and so it is something that they have to watch very carefully. At the same time, they are not terribly concerned. If the bond market is falling, you do not know whether it is because of more economic growth or because of more inflation, and you really only know after the fact.

So for now people think “We have economic growth kicking in,” until the next economic numbers are not as great as expected, and so it is a bit like a "boiling-frog" syndrome. You print in all this money, you think everything is great, and you have some warning signs, but you think, “Things are moving along.” And by the time that you really see the damage you have created, it is quite late to undo this damage and it is going to be very, very expensive and painful."

So remarks Axel Merk, currency specialist and founder of the Merk Mutual Funds, who is perplexed by those waiting for additional warning signs to sell the dollar. In his view, we have all the evidence we need. He and Chris discuss the inner workings of the Fed and the course it is determinedly charting – and the looming dangers ahead for the US dollar.
Axel Merk: Why Is Anyone Still Waiting to Sell the Dollar?
 by Adam Taggart

"The Fed can buy billions, even a trillion or so, but if and when the market is moving against the policymakers, then there is no stopping. The Fed cannot stem that tide. There is only so much that they can manage and so it is something that they have to watch very carefully. At the same time, they are not terribly concerned. If the bond market is falling, you do not know whether it is because of more economic growth or because of more inflation, and you really only know after the fact.

So for now people think “We have economic growth kicking in,” until the next economic numbers are not as great as expected, and so it is a bit like a "boiling-frog" syndrome. You print in all this money, you think everything is great, and you have some warning signs, but you think, “Things are moving along.” And by the time that you really see the damage you have created, it is quite late to undo this damage and it is going to be very, very expensive and painful."

So remarks Axel Merk, currency specialist and founder of the Merk Mutual Funds, who is perplexed by those waiting for additional warning signs to sell the dollar. In his view, we have all the evidence we need. He and Chris discuss the inner workings of the Fed and the course it is determinedly charting – and the looming dangers ahead for the US dollar.
Image | Paul Tustain: Gold Is Sending a Signal That the Monetary System Is in Grave Danger
Paul Tustain: Gold Is Sending a Signal That the Monetary System Is in Grave Danger
by Chris Martenson

"When a country's public debt exceeds 90% of GDP, that is the magic number. You get to 90%, there is no way back, and that is the number that the U.S. is going through pretty much as we speak. It is also the number which the UK has gone through; all of the PIIGS are going through it, as well. They are all going past the 90% debt to GDP ratio. Obviously, Japan is miles past it already. It's up to 200%+. There does not appear, in the historical analysis, to be any great likelihood of getting back from that level of debt safely. There is this strong evidence that above 90% debt to GDP, you will experience either a cataclysmic default or some form of very serious inflation."

So observes Paul Tustain, gold market analyst and founder of BullionVault. In his view, gold serves as a beacon who's price is currently signaling the monetary system is in grave danger. He and Chris discuss the primary factors driving the price of gold and smart strategies for investors looking to build or maintain their holdings of the metal.

Paul Tustain: Gold Is Sending a Signal That the Monetary System Is in Grave Danger
 by Chris Martenson

"When a country's public debt exceeds 90% of GDP, that is the magic number. You get to 90%, there is no way back, and that is the number that the U.S. is going through pretty much as we speak. It is also the number which the UK has gone through; all of the PIIGS are going through it, as well. They are all going past the 90% debt to GDP ratio. Obviously, Japan is miles past it already. It's up to 200%+. There does not appear, in the historical analysis, to be any great likelihood of getting back from that level of debt safely. There is this strong evidence that above 90% debt to GDP, you will experience either a cataclysmic default or some form of very serious inflation."

So observes Paul Tustain, gold market analyst and founder of BullionVault. In his view, gold serves as a beacon who's price is currently signaling the monetary system is in grave danger. He and Chris discuss the primary factors driving the price of gold and smart strategies for investors looking to build or maintain their holdings of the metal.

Image | Nuclear Expert’s Step-By-Step Assessment of the Fukushima Disaster & What You Need to Know
Nuclear Expert’s Step-By-Step Assessment of the Fukushima Disaster & What You Need to Know
by Chris Martenson

Chris speaks with a nuclear expert to demystify Fukushima’s reactor crisis, exploring reactor mechanics, decay heat, and the risks of radioactivity versus contamination.
Nuclear Expert’s Step-By-Step Assessment of the Fukushima Disaster & What You Need to Know
 by Chris Martenson

Chris speaks with a nuclear expert to demystify Fukushima’s reactor crisis, exploring reactor mechanics, decay heat, and the risks of radioactivity versus contamination.
Total 344 items

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