Podcast

Hard Asset Money Show -- Investing Legend Turns Apocalyptic

01/24/22 - Is the stock market overvalued? Have we reached the pinnacle of the equity market? A few years ago, stock legend and fund manager Jeremy Grantham turned from a stock bull to a vocal equities bear, and he is now predicting that the US 'superbubble' will pop, wiping out $35 trillion in stocks and housing. He is quoted as saying “The equity bubble… has now been joined by a bubble in housing and an incipient bubble in commodities. Avoid US equities and emphasize the value stocks of emerging markets and several cheaper developed countries, most notably Japan. Speaking personally, I also like some cash for flexibility, some resources for inflation protection, as well as a little gold and silver.

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Hard Asset Money Show -- Trump and Democrats Unite: Tackling National Overspending Together

What the Department of Government Efficiency needs to focus and address immediately is the fact that there’s roughly 6 percent of the federal workers who actually work full-time. So when you're looking at 6 percent in-house and 94 percent out-house that's not a good ratio for efficiency. You need to put these people back into their seats where they become more efficient. Additionally, you only have about 12 percent of government buildings with any occupancy. It's almost like a ghost town there. This isn't a party thing. The Democrats agree that this inefficiency is a national problem. No party is more guilty than the other for overspending.
Hard Asset Money Show --Reviving American Manufacturing: Understanding Tariffs

Tariffs are a good concept, but the United States needs to be careful with how they use them. The Fed has gone from around 9.4 four trillion dollars on their balance sheet, and they've dumped about two trillion dollars worth of treasuries over the last 3 years. They've got to get those bonds out of their holdings because they're not they're not effective. However, there’s still around 7.4 trillion left on the balance sheet. That’s literally hurting the GDP.

Hard Asset Money Show --Trump Tariffs on BRICS Nations

President-elect Donald Trump has threatened to slap a 100% tariff on the BRICS nations if they try to abandon the United States dollar as the reserve currency. Is it realistic for the BRICS countries to completely move away from the dollar? Not completely. When BRICS started in the original formation of the 5 countries, they were utilizing theU.S. dollar in 100% of transactions. Local currency was very minimal on international trade. Today, they're doing 65% of all their transactions in local currencies. But on the international stage, there's still less than 1/3 of the dollar usage by the BRICS members. Donald Trump is going to come in and he's going to negotiate these tariffs. It's going to be surgical. Does that mean BRICS can take over the dollar reserve status? Not in the near future, but they are backing their new BRICS currency with gold, and that has created a lot more credibility.

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