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

There has been a perfect bottom pattern in the price of gold and the metal is now likely to increase by 70%, while gold stocks will likely increase 2 -3 times more than the underlying commodity. Royalty company Franco Nevada’s share price has doubled in the bear market, evidence that the royalty model is a superior business in rough markets. Also of interest to Frank as select mid-tier companies with high grades that are being targeted for acquisition and are currently well undervalued. Frank Holmes suggests that to evaluate a company for investment it is important to look at revenue per employee. Newmont is around $330,000 while Franco Nevada is around $15 million per employee. Outside of the precious metals and mining sector, negative interest rates indicate a decline in the profit cycle in general equities, but no major crash is likely. The airline sector has performed well and the JETS ETF takes advantage of the growing cash cow of the air transport industry, coupled with the low price of oil. Another example of a cash cow company is Microsoft. Talking points from this week’s video: • What is 2016 going to look like for gold? • Who has the highest cash flow return on their capital? • Love trade and fear trade in gold • Gold has definitely hit bottom and is now on the way up! ... https://www.youtube.com/watch?v=WDgwMP3ZWaE

To subscribe to our newsletter and get notified of new shows, please visit http://palisaderadio.com Tom welcomes back experienced investment professional David Hunter of Contrarian Macro Advisors. David discusses the origins of the current secular bull market and how we are now nearing the end stage. In the final stage of bull markets, they can go parabolic. He expects a deflationary bust and involuntary debt liquidation cycle to begin in the first half of 2021. The economy needs a stimulus package despite the soon to be released GDP numbers that will likely show an unprecedented annualized increase of 30-35%. Congress doesn’t share the same level of urgency as many Americans who no longer have jobs. Parts of the economy, like housing and technology, are doing well, but other sectors like the hospitality industry, have been hit hard. The damage to many small businesses has been massive and unprecedented. David uses the term “bust” to differentiate from a depression. What is coming will be more dramatic than 2008-2009 but won’t be drawn out like a depression. U.S. banks are relatively more healthy than European banks. The coming deflationary downturn will be widespread and catch most people by surprise. Prices will be hit across the board, but the declines won’t be long-lasting due to the amount of injected liquidity. He expects the Fed’s balance shee t to balloon above twenty trillion by the end of next year. The government’s initial reaction will likely be too slow, and it will take a couple of years to get back to positive inflation. Inflation will begin to take off around 2025 to 2026 when the economy overheats due to the excess money creation. We will then enter a period worse than the 1970s as double-digit inflation kicks in, which will take most people by surprise. He discusses the outlook for the housing markets and mortgage rates over the next couple of years, along with some targets for oil, gold, silver, GDX, GDXJ, SIL, and SILJ. For the remainder of the year, the dollar will remain under pressure, but next year there will likely be a flight to safety, which will bid the dollar higher, possibly much higher. Time Stamp References: 0:00 – Introduction 0:40 – End of a 38 year bull market. 4:30 – Election and stimulus package 8:05 – Bust vs. Depression 10:20 – Deflationary bust implications 15:00 – Treasury cash and Fed holding back 20:25 – Potential for a banking crisis 22:35 – Real estate and mortgages 29:40 – Metals and miners outlook 32:00 – Dollar weakness vs. gold strength 35:40 – Oil outlook 40:25 – Metals ETF’s predictions 42:10 – Aggregating data and making predictions Guest Links Email: Dhunter31@gmail.com Twitter: https://twitter.com/DaveHcontrarian #DavidHunter #GoldBullMarket #Oil ... https://www.youtube.com/watch?v=mIEuLu3H-GM

Tom welcomes back, John Lee, President and CEO of Silver Elephant Mining. Palisade is also on Odysee https://odysee.com/@PalisadesGoldRadio:c and Rumble https://rumble.com/c/c-1586024 To subscribe to our newsletter and be notified of new shows, please visit http://palisadesradio.ca John discusses how coal has been a number one commodity worldwide recently. While many want to get away from coal, it continues to persist. Many less developed countries simply don't have any other alternatives. He is also cautious on uranium because as the number of operating nuclear reactors continues to decline. It takes many years to build a new nuclear plant, while a coal plant can be online in just a couple of years for a reasonable price. The resource business is rapidly changing and ESG is becoming a big factor in the industry. ESG programs bring many government incentives, but also considerable strings. The playing field for these policies need to be fair and level. The sanction policies against Russia are only creating wealth for middlemen who can maneuver around these edicts. John discusses how difficult the silver market is to assess and forecast. Often it doesn't trade on fundamentals, and investment demand is mostly a retail market. Also, there is a lot of substitution of the metal with cheaper alternatives. It's probably best to look at how gold is performing to see where silver will head. The silver market could remain irrational for some time. He believes the dollar may continue to have strength as most other currencies will fare poorly. He is not a dollar bear at this time. John notes the tightness in the nickel market and why that is likely to persist. Companies like Tesla need huge amounts of nickel. Elon was the first to secure supply direct from producers a couple of years ago. Now, other companies are following suit. There is a lot of speculation in the sector, and we witnessed what can happen during a major short squeeze. Newer battery technology could offset some of the nickel demand, but that will take time. Governments aren't likely to interfere in the nickel markets because they need this to meet their green energy goals. Nickel has very interesting dynamics, and John remains very bullish on this metal. Lastly, he discusses his thoughts on the bond markets, debt and interest rates. Problems are going to manifest as the ten-year yield has broken out of it's forty year trend. Time Stamp References: 0:00 - Introduction 0:37 - Coal and Uranium 4:48 - Green Energy 8:15 - E.S.G. Trends 15:19 - Russian Sanctions 19:34 - Silver Markets 25:09 - Gold, Silver Ratio 27:37 - Euro, Yen, & Dollar 31:29 - Commodity Supercycle 37:36 - The Nickel Squeeze 48:34 - Nickel Demand 54:27 - Rates & Inflation 1:01:06 - Wrap Up Twitter: https://twitter.com/johnlee25893955 Website: https://www.silverelef.com/ LinkedIn: https://www.linkedin.com/in/john-lee-baa93422/ John Lee, CFA, is CEO and President of Silver Elephant Mining. He is an accredited investor with over twenty years of experience in mining. Mr. Lee specializes in M&A, and he has negotiated and financed Pulacayo silver acquisition (Bolivia) in 2015, Gibellini vanadium (Nevada) in 2017, Sunawayo silver (Bolivia) in 2020, and Minago nickel (Canada) in 2021. John graduated from Rice University with bachelor's degrees in Economics and Engineering. ... https://www.youtube.com/watch?v=sZAkRyjV76c