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

We look at the internals of the gold stocks which portended to a bounce, the US$ and bond yields as well as potential resistance and support targets for Gold. ... https://www.youtube.com/watch?v=-I34C8uQP7M

Tom welcomes Mark P. Mills to the show. Mark is a Senior Fellow at the Manhattan Institute, and a Faculty Fellow at the McCormick School of Engineering and Applied Science at Northwestern University. *Palisade Radio Links:* ► Website & Newsletter: https://palisadesradio.ca ► Rumble: https://rumble.com/c/c-1586024 ► Odysee: https://odysee.com/@PalisadesGoldRadio:c Mark discusses the true costs of the green energy revolution. Most of the minerals and refining of ores used to make batteries are mined outside the United States and Canada. China represents 2/3rds of the market share of critical materials needed to make batteries and photovoltaic cells. The bottom line is that 500,000 pounds of rock is mined to produce an E.V. car battery. The total emissions involved is at least 15 tons of CO2. An efficient internal combustion vehicle will emit a similar amount of carbon over its lifetime. However, this doesn't account for the energy used to charge the battery of an electric vehicle. Mark notes that ore grades have been declining on average for centuries. More ore has to be processed for a given quantity of metals produced. Most of the green energy forecasts are not realistic, and we will need incredible amounts of copper to achieve these lofty targets. The world will need 200%-300% more copper than we have been producing annually for at least a couple of decades. We will need even more copper to improve the grid. We need to ask more questions, as there is no evidence that sufficient resource capacity will be coming online to meet these goals. Governments do not appear to notice that they aren't getting their subsidy bang for the buck. We've spent two decades transitioning from hydrocarbons and already spent five trillion dollars. That number is likely higher in terms of additional burdens on the economy. During these two decades, we've managed to drop the energy requirements from hydrocarbons by two percent. However, over this same period we've increased our total energy usage from hydrocarbons on the order of six Saudi Arabia's. Mark explains the difficulty in recycling battery materials and why it may remain cost prohibitive. Deindustrialzation in Europe and energy scarcity has shutdown two thirds of all fertilizer production, along with half of the metal refining industry. Should prices continue to escalate, most industry in the U.K. will shut down. Many industries are difficult to restart because they are designed to operate continuously. A lot of industry may decide to re-open in another, safer country. Lastly, he discusses the energy density and ability to surge hydrocarbon solutions in contrast to other much more expensive and impractical methods. *Time Stamp References:* 0:00 - Introduction 1:08 - EVs Export Emissions 9:05 - Insane Copper Demands 17:33 - Energy Costs & Subsidies 22:23 - Green Technology Needs 25:30 - Economics of Recycling 32:10 - Good Green Applications 37:47 - Rare Earth Sources 42:22 - Deindustrialization 46:26 - Stabilizing Energy 49:29 - Energy Storage & Surges 51:48 - Political Realities 58:25 - Wrap Up *Talking Points From This Week's Episode* - The true costs of the electric vehicle revolution. - Why the world will need 500 percent more copper. - What is needed to stabilize world energy. *Guest Links:* Twitter: https://twitter.com/MarkPMills Website: https://www.tech-pundit.com/ Book: https://tinyurl.com/2s3js4he Mark P. Mills is a Senior Fellow at the Manhattan Institute, and a Faculty Fellow at the McCormick School of Engineering and Applied Science at Northwestern University. He is a co-founder and strategic partner in Montrose Lane, a software-centric energy-tech venture fund. He was formerly the co-founder and chief tech strategist for Digital Power Capital, a boutique venture fund, where co-founded and served as Chairman and CTO of ICx Technologies helping take it public in a 2007 IPO (later purchased by FLIR), and in addition served on numerous Boards, including as Chairman (and an interim CEO) of a lithium battery start-up. And for seven years prior to an acquisition in 2008 by HP, he was the independent Director on the Board of EYP Mission-Critical Facilities, one of the world’s leading data center design and engineering firms. Mark's bio is extensive For his full bio please visit his website or see our full post on https://palisadesradio.ca #MarkPMills #Energy #Copper #BatteryMetals #Hydrocarbons #Carbon #GreenEnergy #Resources #Recycling #Iridium #Europe #Deindustrialization ... https://www.youtube.com/watch?v=MjKhXHHTErQ

Tom welcomes a new guest to the show, Larry McDonald. Larry is a New York Times bestselling author, CNBC contributor, and Political Risk Expert. He created The Bear Traps Report, a weekly independent Macro Research Platform focusing on global political and systemic risk with actionable trade ideas. Larry discusses how bad leverage has become in the markets today. Small rate changes now create huge amounts of interest payments. The Fed will be unable to hike rates for long and that will be bullish for metals. The Fed is very far behind the curve. Many foreign countries including Poland, Brazil, and Russia, have hiked rates several times, while the Fed has yet to take any action. Credit markets are weakening quickly, particularly in Europe, and inflation is becoming rampant. The yield curve could soon become inverted. Companies like Costco do well in recessions and are now outperforming. Larry explains how the dollar desperately needs another 'variant' crisis to save the day. This is due to the economics of capital flows moving outside of the U.S. economy. Today's media complex needs shock to capture the public's attention. We've seen an incredible tailwind for stocks, bonds, and growth stocks. Most economists have no understanding of risk management. Any shift from a hawkish to a dovish stance by the Fed can cause silver to outperform. Tesla and other electric car companies are seeking ten-year contracts for certain commodities like magnesium, silver, and copper. These are not unlike the typical uranium contract. From here, silver miners could easily have 7x upside potential. Holding metals for long periods is often a poor strategy. The early parts of a commodity cycle are going to be key for investors. Currently, aluminum equities are crushing gold in performance terms. There is little room for error in the oil markets. Should demand spike and ESG continue to constrain the industry, we could see a large price shock. The energy demand alone from places like India and China will surprise in the coming years. ESG and Covid have crushed capital investment in energy and it's going to take time to turn this capital deficit around. Lastly, Larry examines the relationship between the VIX and Bitcoin. Bitcoin gets hit hard when risk enters the markets. Time Stamp References: 0:00 - Introduction 1:16 - Market Risks Today 4:45 - Rates & Inflation 6:58 - Bond Markets 12:00 - Dollar Problems 16:06 - Miners Outlook 18:48 - Silver Mis-Priced 24:55 - Platinum Fundamentals 27:40 - Miners & Timeframes 30:36 - Buying Right 34:30 - Taking Profits 37:54 - Oil & Demand 43:36 - Bullish Action 46:58 - VIX & Bitcoin 49:23 - Wrap Up 22:06 - 22:48 - Highlight Clip (Chopped up a bit) Talking Points From This Episode - How excess leverage is cornering the Fed and the ... https://www.youtube.com/watch?v=H1XXz1ftGbQ