Hard Asset Money Show

01/18/22 - Why is crude oil going up? A recent report published by JP Morgan came out that does not bode well for the crude oil price. The report says that we could effectively be weeks away from running out of crude oil. The price of crude oil has a direct result on inflation and it’s putting pressure on equities. However, it’s creating an opportunity for the rare coins market, as prices have been skyrocketing lately.

01/11/22 - Inflation is here to stay. In fact, it has been aggressively growing over the last 12-18 months. Inflation has been growing much faster than rising wages, which can lead to the next recession. During this same stretch, rare coin prices have been going through the roof.

12/02/21 - Inflation is a by-product of a country's economic success. However, that success comes at a very high cost. The cost of goods and services are going up, but real world wages aren't going up nearly as quickly. Part of the reason is because of artificial stimulation due to the effects of the Covid pandemic.

10/27/21 - One of the largest real estate companies, Evergrande, is in an enormous pile of debt, owing $325 billion dollars. In the third quarter of the ongoing financial year, official Chinese data revealed that GDP growth stood at 4.9 percent, down from 7.9 percent in the previous quarter, while Goldmans cut its entire 2022 GDP forecast from an already low 5.8% to just 5.4%.

10/25/21 - The United States and the world are awash in massive record debt levels. Government debt to GDP per country and external debt to GDP per country has skyrocketed to staggering record levels. Many top economists around the world are now sounding the alarm that these debt levels are unsustainable and if they can ever be fully paid back, which can signal an unprecedented currency collapse.

10/21/21 - The IMF recently slashed its 2021 growth forecast for the United States by one full percentage point to 6%, the biggest reduction suffered by any G7 economy in its latest World Economic Outlook.

10/04/21 - Chinese state owned banks lent money to state owned companies, who built dozens of new cities. After these companies ran out of money, the government then told them to buy their state owned assets, financing these companies a second time.

10/01/21 - China has been building a large number of new cities that are becoming ghost cities. They were built because the Chinese government kept a line of credit open to real estate developers in order to maintain the consistency of the economy. One of the largest real estate companies, Evergrande, is in an enormous pile of debt, owing $305 billion dollars. Their potential bankruptcy can have devastating consequences on the global financial system.

9/09/21 - In 1971, global debt was at $100 trillion dollars. It took 2,000 years to reach that level. In a mere 50 after Nixon left the Bretton Woods system, which removed gold as the backing to the U.S. dollar, we are at a global debt of nearly $300 trillion dollars. In the next 4-9 years, global debt is projected to hit 2 quadrillion dollars. There is no way these debt levels are sustainable.

9/08/21 - 50 years ago, Richard Nixon destroyed the value of the United States dollar. On August 15, 1971, Nixon removed gold as the backing to the U.S. dollar. History has proven that in every society for the last 2,000 years, fiat currency has bankrupted once gold stopped backing paper money. After Nixon left the Bretton Woods system, gold went from $35 an ounce in 1971 to over $1800 today.