After issuing clear warnings on this program that sub-$50 oil prices were going to be short-lived, oil expert and geological consultant Art Berman returns to the podcast this week to explain why today's $70 oil prices will go higher -- likely much higher -- and start materially contricting world economic growth.
Art explains how the current glut of oil created by the US shale boom -- along with high crude output by both OPEC and non-OPEC producers -- is a temporary anomaly. Fundamentally, we are not finding nearly as much oil as we need to continue the trajectory of the global demand curve. And at the same time, we're extracting our reserves at a faster rate than ever. That's a mathematical recipe for a coming supply crunch -- it's not a matter of if, but when. ... https://www.youtube.com/watch?v=weYeLqwX_w0
BE SURE TO READ Chris' latest free report "Why Covid-19 Demands Our Full Attention" here: https://www.peakprosperity.com/why-covid-19-demands-our-full-attention/
Then WATCH UPDATE #24 HERE: https://youtu.be/ReMCn4GsviM
While China remains largely in lockdown, covid-19 cases in the rest of the world are at a key juncture.
To-date, confirmed cases have been lower than feared. Though increasingly, we're suspecting that's due to inadequate testing & reporting.
And the cases we *do* know of (now at ~1,000) appear to be growing at an exponential rate. So the next two weeks will be critical in telling the tale.We'll soon know whether the spread is indeed slower than initially feared, or we'll start to see huge increases in the number of infected ex-China.
Meanwhile, the authorities around the world, including the WHO and CDC, continue to downplay the threat. But at the same time, governments are busy mobilizing massive containment efforts.
Their words do not match their actions. Is there more we're not being told?
As we've said, time will soon tell. Keep up your efforts to remain informed, as good information is scarce right now.
Now... READ Chris' other free reports on the coronavirus:
1) How to protect yourself & your family from covid-19: https://www.peakprosperity.com/coronavirus-what-we-can-say-publicly-what-we-cant/
2) How the coronavirus is going to cause a painful downdraft in the stock market: https://www.peakprosperity.com/blackswan
...
https://www.youtube.com/watch?v=gojy7ChZ8h8
"My guess is that 2013 and 2014 are going to be big up year for the precious metals, but we still have to contend with the central planners and the various government policies, which have been actively trying to keep the gold and silver prices from reaching fair value. The central planners are losing the war. They may win an occasional battle or two, but they're losing the war, and eventually gold and silver are going to go higher."
So predicts James Turk, founder and Chairman of GoldMoney.com.
From James' perspective, gold is not an investment. It's a sterile asset, meaning it does not generate income. What it is, is money. Its function is to store wealth.
But money, like investments, can be overvalued or undervalued. And what we're witnessing on the world stage is a gross mispricing of money as central banks engage in depreciation of their fiat currencies via inflation (i.e. money printing).
The process causes a transfer of wealth from those holding overvalued money to those who hold undervalued money. That's what's been going on for the past decade as the price of gold has steadily marched upwards versus fiat currencies.
But this process is not efficient. Mass awareness of this wealth transfer is low, so confidence in paper currencies is still high, supporting their perceived value. Market intervention by central banks and other parties conspires to keep the prices of precious metals artificially low and suspect.
This maintains an arbitrage for individuals to buy gold and silver at a discount to true value, which James believes will be slowly realized in full over the next several years as the bull market in precious metals approaches its third and final phase.
A factor in this rise will be the increasing fragmentation of coordination among the central banks. Increasingly, central banks outside the influence of the US' Federal Reserve are treating the precious metals as true money, and becoming net buyers of bullion for their reserves.
Ultimately, Turk predicts the price of gold will move to somewhere between $8,000-10,000/oz, and that we'll see even higher price appreciation in silver.
...
https://www.youtube.com/watch?v=RSrFd5bHOcY
Full description and comments at: https://www.peakprosperity.com/podcast/103187/jim-rickards-theyre-going-lock-down-system
This week, seasoned financier, risk manager and author Jim Rickards returns to the program to share the predictions from his new book The Road To Ruin: The Global Elite's Secret Plan For The Next Financial Crisis.
Rickards warns of a coming confidence boundary in central bank omnipotence. Once breached, trust and belief in the central banking cartel quickly vaporizes. Rickards predicts that boundary will be crossed by 2018 or sooner; and when it is, the entire financial system will go into lockdown, freezing access to our money.
...
https://www.youtube.com/watch?v=-Lrd5tEo3ws
SCHEDULE YOUR FREE PORTFOLIO REVIEW with John and the New Harbor Financial team here: https://www.greylockpeak.com/
Whether you understand it or not, Bitcoin and other 'distributed ledger' technologies are spreading at an accelerating rate across the world.
Odds are very high they will disrupt and transform nearly every business model in today's economy, much in the same way the advent of the Internet did.
But most people are still unfamiliar with this new technology, and concerned that their lack of understanding may leave them obsolete dinosaurs in the coming future should crypto indeed change the nature of money and commerce.
This is why we've brought on this week's guest expert, Alex Saunders, respected Bitcoin/blockchain/crypto maven to demystify the topic and explain it all to us in plain layman's English.
What is it? How does it work? What benefits does it offer? Should you own any? If so, how should you buy it? All these fundamental questions and more are addressed.
We're tackling this topic now not only because a number of our viewers have been requesting we do so, but also because it dovetails with the insights our previous market and economic guest experts have shared. The world's fiat monetary systems are being highly abused, deformed and distorted right now, with $trillions in new currency being wantonly conjured at-will by global central banks. This debases the purchasing power of our capital, and leads to dangerous asset price bubbles and reckless malinvestment.
This trajectory will not end well. We need sound money and better models going forward.
Will blockchain-based technologies be part of that solution? Quite possible. Which is why we all should start investing the time to learn at least the basics of them now.
Anyone interested in scheduling a free consultation and portfolio review with Mike Preston and John Llodra and their team at New Harbor Financial can do so by clicking here:
https://www.greylockpeak.com/
And if you're one of the many readers brand new to Peak Prosperity over the past few months, we strongly urge you get your financial situation in order in parallel with your ongoing physical coronavirus preparations.
We recommend you do so in partnership with a professional financial advisor who understands the macro risks to the market that we discuss on this website. If you've already got one, great.
But if not, consider talking to the team at New Harbor. We've set up this 'free consultation' relationship with them to help folks exactly like you.
https://www.greylockpeak.com/
...
https://www.youtube.com/watch?v=Ri5YZwS_7yk
Full Description and Comments at: https://www.peakprosperity.com/podcast/114508/mike-maloney-hell-crisis
Mike Maloney, monetary historian and founder of GoldSilver.com, has just released two new chapters of his excellent Hidden Secrets Of Money video series.
In producing the series, Maloney has reviewed several thousand years of monetary history and has observed that government intervention and mismanagement -- such as is now rampant across the world -- has always resulted in the diminishment and eventual failure of currency systems.
As for the world's current fiat currency regimes, Mike sees a reckoning approaching. One that will be preceded by massive losses rippling across nearly all asset classes, destroying the phantom wealth created during the latest central bank-induced Everything Bubble, and grinding the global economy to a halt.
...
https://www.youtube.com/watch?v=sIbB5o2A9Qk
Discover why the 'Safe & Effective' narrative is collapsing rapidly, akin to a card table at a Greek wedding. This critical juncture is when dangers are heightened. Learn why it's imperative to ramp up your emergency preparations. This week, a significant ruling from the US court system has delivered a decisive blow to the unquestioning supporters of the 'Safe & Effective' mantra. Stay informed and prepared as the common knowledge game unfolds
WEBINAR ANNOUNCEMENT: "Protect Your Wealth from The Great Taking". Join us along with David Rodgers Webb, Dr. Susanne Trimbath and more to learn how to protect your wealth. Learn more here:
https://Peak-Prosperity.com/Event2
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FINANCIAL DISCLAIMER. PEAK PROSPERITY, LLC, AND PEAK FINANCIAL INVESTING ARE NOT ENGAGED IN RENDERING LEGAL, TAX, OR FINANCIAL ADVICE OR SERVICES VIA THIS WEBSITE. NEITHER PEAK PROSPERITY, LLC NOT PEAK FINANCIAL INVESTING ARE FINANCIAL PLANNERS, BROKERS, OR TAX ADVISORS. Their websites are intended only to assist you in your financial education. Your personal financial situation is unique, and any information and advice obtained through this website may not be appropriate for your situation. Accordingly, before making any final decisions or implementing any financial strategy, you should consider obtaining additional information and advice from your accountant or other financial advisers who are fully aware of your individual circumstances. All information in this video is as accurate as we believe them to be based on current market conditions at the time of recording.
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In this Part 2 of our interview with famed psychologist Dr. Robert Cialdini, Robert shares his advice for how you can defend against the efforts of those attempting to use the principles of influence against you for nefarious reasons.
This is extremely useful & practical insight that will benefit you the rest of your life.
Then the lead partners at Wealthion's endorsed financial advisor, New Harbor Financial, discuss how to protect your emotions from being manipulated in ways that force you to make bad investing decisions with your money.
Anyone interested in scheduling a free consultation and portfolio review with Mike Preston and John Llodra and their team at New Harbor Financial can do so by clicking here:
https://wealthion.com/
And for those interested in getting Robert's new book or learning more about his work, go to influenceatwork.com
...
https://www.youtube.com/watch?v=MPTu0vYXQ2c
In part two of this crucial energy debate with Doomberg, we're tackling more than just environmental concerns; it's a discourse central to our economy, health, prosperity, and national security. The stakes are high: Doomberg's stance promises a future of cheap oil, while my perspective warns of severe economic turmoil. This is not just a debate for debate's sake.
? Engaging in such discussions, especially with opposing views, is vital for broadening our understanding and approaching the truth. ? Originally exclusive to subscribers, the significance of this topic compelled me to release a series of three videos publicly, demonstrating how to conduct meaningful, open-minded conversations on issues that shape our world. ?
? This is the second in the series. If you haven’t watched the first yet, and don’t want to wait for part 3 to be released over the weekend, go here now, and watch all three (FREE): https://peakprosperity.com/the-peak-cheap-oil-debate-doombergs-chriss-responses-and-rebuttals/ ??
? For more information on our amazing new webinar series, "Prospering With Integrity," with Bret Weinstein, Ed Dowd, and Peter St Onge, click here: http://peak.fan/integrity -- First episode available now! Second to be released 27 Jan 2024. Use PWI25 today for 25% off the series ??
? NOTE: Annual members to PeakProsperity.com get all episodes as a perk of the subscription. Watch more of our videos here to find hidden codes to use on our membership! ?️♂️?
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