Tom welcomes back the ever eloquent Tim Price from Price Value Partners for a jaw-dropping interview. Tim critically examines global institutions such as the Davos Club and a certain UN Health Organization. He expresses unease about global policies that may potentially marginalize farming and fishing in order to mitigate ecological damage. He disapproves of unelected individuals influencing significant global health and economic strategies and encourages skepticism towards the mainstream media for perpetuating unchecked influence over these areas. Price also identifies a growing trend toward skepticism of global forums, notably through an editorial in the Financial Times questioning the relevance of Davos. He ends by cautioning against "philanthropaths" who amass wealth under the guise of charity and urges for increased understanding of their motivations. Tim highlights the value of debate and continuous dialogue in resolving polarized arguments. Individuals should aim to arouse introspection in their interlocutors rather than impose personal beliefs. Understanding can create gradual changes in viewpoints over time. Price draws parallels between the current credit and debt system and historical failures of such systems. He views Davos as the emblem of big state command economy systems — a form of crony capitalism, not genuine free market capitalism. He suggests teaching classic economics as a buffer against economic downfalls. Price points to economic uncertainties and volatility in various countries, taking Japan as an instance of a resilient economy that weathered two depressions on a par with America's Great Depression, maintained lower unemployment levels and a sustained GDP. He raises the question of whether Western economies could cope with similar situations. He also underlines ongoing unrest in currencies, the bond market, and the intensifying inflation. Tim criticizes the problematic Keynesian economic model and government interventions in economic systems, proving them incapable of controlling intricate economic operations. Tim discusses his book "The War on Cash" and advises strengthening ties with local businesses and limiting dependency on credit cards and any form of central bank digital currencies, promoting the use of cash transactions. As an example of an uprising against the current system, he notices the increasing number of protesting farmers, reaffirming the relevancy of his book's fundamental message today. Time Stamp References: 0:00 - Introduction 0:37 - Argentina & Ecocide 4:36 - Vandals & Philanthropaths 7:12 - Western Suicidal Ideation 11:49 - Conversations & Questions 13:50 - Gov't Out of Education 18:12 - Truth & Perspective 22:29 - Davos & Javier Milei 27:10 - Broken Window Fallacy 30:09 - Debt Creation Math 34:07 - Inflation is a Policy 35:30 - Order of Collapse? 39:48 - Inflation Comparisons 42:27 - Keynesian Economics 46:28 - Tim's Book - War On Cash 50:22 - U.K. Postal Scandal 53:08 - Clarkson's Small Farm 55:21 - Worse Worsening 57:05 - Wrap Up Talking Points From This Episode - Tim Price criticizes global institutions and policies that affect farming and fishing, urging a deeper analysis of their impacts. - Tim believes the idea that government should be involved in any way with education. - Price calls for skepticism of the debt-based monetary system and questions its sustainability against the rising global debt burden. Guest Links: Twitter: https://twitter.com/TimPrice1969 Website: https://www.pricevaluepartners.com/ War On Cash: https://www.pricevaluepartners.com/war-on-cash/ Articles: https://www.pricevaluepartners.com/commentary Tim's Podcast: https://www.podbean.com/podcast-detail/r42pj-5ec16/State-of-the-Markets-Podcast Tim's Podcast: https://open.spotify.com/show/1T69Xe0EJ4n0gOO4RD9qv0 Podcast Episode Mentioned: https://open.spotify.com/episode/2y3fkSYmMNxpa7eNE13PIr Tim's Book: War on Cash (Amazon): http://tinyurl.com/kkmh6cx6 War on Cash (Free PDF): https://www.pricevaluepartners.com/war-on-cash/ Book Recommendations: 180 Degrees (Amazon): http://tinyurl.com/3vjvpnud Mises Link - 40 Centuries of Wage and Price Control: http://tinyurl.com/4e5cewc7 The Origin of Wealth - Eric Beinhocker: http://tinyurl.com/5n7652a4 Tim Price has worked in the capital markets for over 30 years. A graduate of Christ Church, Oxford, he spent a decade as a bond specialist before going on to serve as Chief Investment Officer at three separate wealth management firms. Tim has been shortlisted for five successive years in the UK Private Asset Managers Awards program and was a winner in 2005 in the category of Defensive Investing. He is now co-manager of the VT Price Value Portfolio, a fund investing in Benjamin Graham-style value stocks, and specialist value funds, from around the world. He also co-manages bespoke private client portfolios. ... https://www.youtube.com/watch?v=Fnw6Zn8oq9o

GoviEx is a junior mining company that is focused on the long term. The spot price does not affect them much. Their view is that excess inventory has reduced the price and although current supply looks high, it’s not- compared to historic norms. Higher prices are required to capitalize uranium projects in both production and enrichment. Friedland and Major see existing global production declining and a steady annual demand growth of 3% per year. Daniel tells us that they are currently focused on debt financing and due diligence on the equity side. They have just closed a deal with a Sprott led financing. They are excited about their radon X studies and have highlighted a very strong anomaly to drill. If they can add resource as an open pit mine it will defer their underground mine. They're continuing with technical optimization for the project. Govind discusses the difficulties in permitting processes around the world and how the area of Ariba, Niger in Africa has been great- as the infrastructure is already in place there. He talks about the Niger government's competent mining infrastructure and legal code, the reasonable permitting process which can take as little as 6 months. The utilities often play a cat-and-mouse game with the producers- both in spot and conditions, and they prefer to work with highly experienced people. Govind says they won’t see a major price move until the utilities come back in a major way. They have recently seen a 10-20% rally, and the utilities have begun expressing interest all at once. He hopes for a gradual increase in price throughout 2017, and thinks it could take a year or two for the supply gap to close. ... https://www.youtube.com/watch?v=68rZ08je-1A

In 2015, Gold & Gold related equities equate to just 1/3rd of 1 percent of investable assets in the United States. Contrast that against a top of 8% in 1980 and a mean of 1.5% over the last 30 years and Rick Rule can say without a doubt that gold is undervalued! Get the following questions answered in this interview with Rick - • Was last week the beginning of capitulation in the mining sector? • Why Rick thinks that the USD is a crucial metric for gold? • How an interest rate hike failure could prove bullish for gold? • Where will the first battlefield for gold will be this year? • Why this bear market has been so treacherous compared to ones in the past? Also, tune in to hear about the two lessons that Rick has learned from the current bear market and Rick provides our entire audience with his personal email address and invites you to reach out! Mr. Rule has dedicated his entire adult life to many aspects of natural resources securities investing. In addition, to the knowledge and experience gained in a long, successful and focused career, he has a worldwide network of contacts in the natural resource and finance worlds. As Chairman of Sprott US Holdings, Mr. Rule leads a team of earth science and finance professionals who are experienced with resource investment management. ... https://www.youtube.com/watch?v=QUvpM1XLoUQ

Tom welcomes a new guest to the show, Paul Belanger. Paul is a recently retired chemical engineer with an interesting YouTube channel, "Evidence Based Wealth," where he analyzes various investing strategies. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca Paul explains his background and what led him to take a deep dive into investing and economic theory. Paul discusses past gold and silver standards and why the Treasury still considers the United States to be on a gold standard. Eighty percent of currency in circulation is composed of $100 notes which are mainly used as a store of value globally. The Treasury states that banks must hold collateral equal to the value of the Federal Reserve notes. That collateral is in the form of gold certificates and US Securities. He contrasts the physical currency in circulation with the price of gold and details how this ratio has moved over the last forty years. If we were to return to a full gold standard today, the price of gold would have to increase by about four times. Most investors don't have a good appreciation for those rare black swan events. Periodically, financial catastrophes occur in markets. This is why wealthy people own choice land, art, fine furniture, and gold. These are things that can carry wealth through to the other side of large financial events. Gold is one of the only few things the average person can use to preserve wealth. He explains the importance of balancing one's portfolio and believes an optimum portfolio is one with 65% stocks and 35% gold. This approach seems to give the best overall balance for good returns while minimizing risks. It's also important to periodically rebalance these portfolios to maintain that ratio. Time Stamp References: 0:00 - Introduction 0:45 - His Background 3:38 - Gold Standard 9:16 - Gold Certificates 14:21 - Currency/Gold Chart 25:15 - Probability Game 39:13 - Optimal Portfolio 46:00 - Risk Vs. Return 54:55 - Rebalancing 1:03:08 - Wrap Up Talking Points From This Episode - Paul's Background and interest in economics. - Gold standards and the current US Dollar. - Physical currency and the value of gold. - Managing market risk with gold and finding the optimum portfolio balance. Guest Links: YouTube: https://www.youtube.com/user/belangp/videos Patreon: https://www.patreon.com/belangp Paul Belanger (belangp) is a chemical engineer by profession. He earned a Ph.D. in early 1997 and practiced for nearly 25 years, most recently serving as a director of R&D. He retired this year at the age of 50, having achieved financial independence, to live a different life. During his professional career, he became deeply interested in monetary science, exploring the nature of money, credit, and investmen ... https://www.youtube.com/watch?v=sIziLPVPvkE