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

Tom welcomes back Michael Pento, President and Founder of Pento Portfolio Strategies, to the program. 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 Michael discusses how the bear market is here to stay, and the next phase is coming. We've only experienced the opening salvo. Wall Street will soon realize that earnings are in decline. We're in a global recession with hawkish global central bankers. The market bottom might be around 3300 on the S&P but that is optimistic. Total equity valuations remain considerably overvalued, and they need to correct to fair value. The yield curve is more inverted than any time in the last forty years. This normally signals recession, and this time is no different. The Fed is buying all the assets, causing interest rate repression. There is no mystery as to the causes of inflation, it's money printing. The Fed has to raise rates to four percent by March 2023. Michael says, "The fact the Fed thinks they can get to four percent and do 95 billion a month in QT is asinine." The Fed is having a very difficult time controlling inflation, and now they don't care what happens to the economy. They cannot pivot, they have to regain credibility. This will be one of the deepest recessions we have ever seen. The Fed really has no clue about anything, especially the causes of inflation. There has been almost no job creation this year. We're seeing inventories build, which is boosting Q3 GDP, but that won't last. Inflation is a massive embarrassment to the Fed, but they will destroy the economy and markets to accomplish it. Government is fighting inflation by giving away more money and cancelling student debt. More money isn't going to make college more affordable. They are just creating more demand for services, which will just cause prices to rise further. Subsidies do not fight inflation. We need to increase the supply of goods and services by improving productivity. We've done everything we could to kill productivity through the pandemic. Tax receipts always fall in recession, and debt service payments are increasing quickly for the government. The national debt is skyrocketing, and a fair interest rate would probably be in double-digits. There are no easy answers in the current system. The negative effects of the rate hikes have barely begun to be felt. Inflation always peaks during recession, don't listen to the pundits who claim we've peaked. The four horseman of the economic apocalypse are cash, U.S. sovereign debt, the dollar, and shorts. If you own those four things, you will probably not lose money in this bear market. You might even make money. It's clear we're heading to a liquidity crisis. You want flexibility in this environment. When rates and the dollar begin to fall sometime in 2023 you will see gold rally. Time Stamp References: 0:00 - Introduction 0:34 - Bear Market Starting 4:39 - Bonds, Spreads, & Banks 11:40 - Targeting Inflation 15:42 - Indicators & Fed Reliance 19:20 - Government Insults 22:00 - IRS Growth & Taxes 28:33 - The Peak of Inflation 30:52 - Economic Apocalypse 33:45 - Gold & Positioning 38:10 - Wrap Up Talking Points From This Episode: - Outlook for the markets and why the bear isn't going away. - Why the Fed's is cornered and it's policies asinine. - Inflation and why it always peaks during recession. - The four safe havens of the economic apocalypse. Guest Links: Website: http://pentoport.com E-Mail: mpento@pentoport.com Twitter: https://twitter.com/michaelpento Michael Pento is the President and Founder of Pento Portfolio Strategies, with over 27 years of investment experience. He was the portfolio creator and consultant to Delta/Claymore's commodity portfolios that raised over $3 billion, distributed through Claymore/Guggenheim's sales network. He is the author of the book "The Coming Bond Market Collapse" and has a weekly podcast called "The Mid-week Reality Check." #PalisadeRadio #Recession #BearMarket #Rates #Bonds #Fed #Inflation #GDP #Productivity #Dollar #Taxes #Gold ... https://www.youtube.com/watch?v=kv5wARHQcMY

Tom welcomes back the dynamic charting duo Kevin Wadsworth and Patrick Karim. They highlight some rather alarming charts while making market forecasts that are quite concerning. Kevin discusses the breakout in European electrical prices and natural gas. He believes this is a clear indication that hyperinflation has begun. The U.K. has had a four hundred percent move in electrical prices, which is unprecedented. We see the same thing with natural gas. If you calculate from the March 2020 region, we are up 4600 percent and 320 percent above the previous all-time high. The charts have been hinting for some time that something bad was occurring. The U.S. and German PPI indexes along with oil are reflecting a paradigm shift in global markets. All fiat currencies are trending towards zero. Kevin looks at the dollar index and shows us why he expects a rather sharp decline from here. The seven-year rate of change for the dollar looks very bearish and maybe a better indicator than price alone. They believe the dollar index is now due for a sharp decline. The inflation-adjusted dollar chart shows a steady decline following a long-term trend channel. Be prepared, when the dollar declines and most investors realize it, you will want to be ready for the big move in metals. Commodity currencies like the Australian dollar appear poised for a breakout versus the US Dollar. The miners appear to be out of a rough patch and now we're heading toward a final breakout line. Now is an excellent time to be buying silver to protect your purchasing power. Anyone making minimal wages is losing purchasing power rapidly. Patrick shows several charts including a possible road map for gold. It appears that it was about to break into a new seven-year-long bull phase. Take the big picture view and consider buying into weakness. Lastly, they discuss silver and where the rate of change indicates we could reach the coming bull market. Time Stamp References: 0:00 - Introductions 1:20 - Technical Analysis 3:40 - UK EU Energy 9:15 - Golds Predicative Powers 12:32 - PPI Indexes & Oil 19:37 - U.S. Dollar Index 25:38 - Commodity Currencies 26:43 - DXY Inflation Adjusted 34:47 - XAU Miner Ratios 37:22 - Metals Vs. Wages 44:28 - Pitch Fork Levels 45:07 - Gold Log. Road Map 47:32 - Cycle Charts 57:28 - Silver & Gold Targets 1:04:36 - T.A. & Probabilities 1:07:08 - Wrap Up Talking Points From This Episode - Electricity, natural gas, and hyperinflation. - Current causes of inflation and PPI indexes. - Why the dollar index seems poised for a significant decline. - Outlook for precious metals and other commodities. Patrick Karim Guest Links: Twitter: https://twitter.com/badcharts1 Website: https://NorthStarBadCharts.com Stocktwits: https://stocktwits.com/badcharts YouTube channel: ... https://www.youtube.com/watch?v=cqzCdGIY9w0

Tom welcomes Ted Oakley, Managing Director and Founder of Oxbow Advisors, back to the show. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca Ted discusses the rampant speculative activity in the stock markets. Many investors are buying anything and are hoping that it will all work out. However, Ted says "It isn't different this time." China has cut-off their potash and phosphate sales which will keep the pressure on fertilizer prices. There portfolio includes agricultural products along with other commodities that will do well in an inflationary environment. In the early 80s you couldn't buy a house because rates were too high and down payments were large. Today, prices for homes are overpriced and eventually this should revert. Ted give us his thoughts on Fed Chair Powells renomination and where their policy may head from here. Inflation is likely to persist at a higher than normal rate for some time. Inflation in basic necessities like food, energy, and housing will persist. Indexes have become a growing fad and owning these mean you hold a basket of companies. Many of these companies are not profitable. When the bear market comes these indexes will perform badly. Market correction effects will spill over into real estate and the economy. When people feel poorer they aren't as likely to buy a new home. Many retirees are holding too many stocks when they should be holding more cash. He discusses what they consider to be reasonable passive investments. Gold plays an important role in some of their strategies and he believes gold will make new highs in 2022. Today's politicans have no idea what a trillion dollar represents. Negative real rates are probably going to stay which will be good for gold. Ted is not against green energy but governments seem overly ambitious in their targets. Lastly Ted outlines what they look for in companies. They want those with good growth potential over longer timeframes. They aim for returns of at least three points over inflation. Time Stamp References: 0:00 - Introduction 0:30 - Russell Earnings Chart 1:30 - China and the U.S. 3:30 - Housing & CPI 4:45 - GDP & Debt 5:30 - Bonds 6:45 - Powell & Taper 8:45 - Inflation Hedges 11:05 - Persistent Inflation 13:10 - Assets or ETFs/Indexes 14:50 - Markets & Real Estate 15:39 - Equities & Boomers 18:07 - Passive Money 19:15 - Miners & Physical Gold 21:15 - Cash Flow Strategies 23:30 - Oil & Green Energy 24:50 - Evaluating Companies 27:40 - Concluding Thoughts 30:00 - Wrap Up Talking Points From This Episode - Valuations in equities reaching bubble levels. - China's policy and potential impacts on the United States. - Real estate valuations and eventual reversion to the mean. - Importance of holding gold and r ... https://www.youtube.com/watch?v=kiXX96N-37I