Summary: June 2, 2017 Featured GuestsJohn Williams and Arch Crawford PLEASE SUPPORT THE SHOW! Please Listen Here Show Highlights Arch Crawford, head of Crawford Perspectives, outlines his take on the US equities bull market.He's concerned by the lack of breadth / confirmation in the broader indexes, such as the NY composite and Wilshire 5000. Dow Theory is also flashing warning signals; the new highs are actually declining according to his analysis, suggestive of potential market manipulation. Arch Crawford presents key dates using cycle patterns for likely market crashes. Our guest traded gold for a living in the 1970's - he's impressed by the recent golden cross, where the daily 50 period moving average moves above the 200. A solid close above $1,300 gold could ignite the next stage of the PMs advance. Another encouraging technical sign; the MACD trend indicator registered a buy signal two weeks ago, an important positive indication. The discussion includes cryptocurrencies and the very real possibility for Bitcoin and related coins like Ethereum / Komodo, to skyrocket.Wired Magazine discusses $100,000 per Bitcoin target. Alternative economist, John Williams of Shadowstats.com discusses the debt-asset based global economy. Our guest agrees with the conclusions drawn by a griping article, How Debt-Asset Bubbles Implode: The Supernova Model of Financial Collapse. The global economic system began its collapse in 2008 and is no longer fully solvent; a subsequent financial supernova is inevitable. According to a Financial Times article, since the last Great Recession, productivity has fallen to the lowest level in over 40 years.Officials can no longer mask the fact that certain sectors of the economy mirror the conditions of the Great Depression. The manufacturing sector is experiencing the longest period of non-expansion since numbers were first tallied nearly one century earlier. Just over 3 years ago, the Venezuelan Bolivar was the premier currency of South America, near parity with the US Greenback. Today it requires merely 1 dollar to procure 6,000 Bolivars - over the same period gold skyrocketed in terms of Bolivars.The net impact is widespread starvation, looting and civil war, potentially a foreshadowing of things to come in the US. At first, Fed policymakers will likely expand monetary stimulus via QE4, but such stimulus comes with the Achilles heel of exponentially decreasing returns. The huge international capital-inflows currently propping up US equities via the US dollar, will reverse course posthaste. Ultimately, the economic supernova will ignite via galloping inflation, next hyperinflation, sending the cost of goods and services soaring. As the US dollar plunges to new lows, it will trigger the tipping point of the economic chaotic-system. According to a Zero Hedge article last week, the dollar and Bitcoin are overbought relative to gold which is relatively underpriced.
