Lynette Zang, Tim Draper, Dr. Marc Faber, Louis Navellier (encore show), Chris Waltzek Ph.D. & Robert Ian - November 9th, 2018 - Goldseek.com Radio ©2005-2018. A Spina-Waltzek Production-©2005-2018 http://radio.goldseek.com/ Royalty free music from

Summary: Nov. 9th, 2018(S13-E669)Featured GuestsLynette Zang, Tim Draper, Dr. Marc Faber & Louis Navellier(encore show)Please Listen HereShow HighlightsLynette Zang, Chief Market Analyst at ITM Trading makes her show debut with in depth analysis on the risk of global hyperinflation.Thousands of years of monetary history reveals, only gold money is inflation resistant, unlike fiat currency that inevitably inflates away into oblivion.In only 100 years the purchasing power of the dollar has evaporated; data from the Federal Reserve reveals only 4 pennies remain for each one dollar printed.Given the insidious nature of inflation, one would expect monetary policy to be the topic du jour.Nevertheless, a key founder of modern economics, John Maynard Keynes noted, "not one in a million will detect (inflation)."In 1971 the US President granted control of the money supply to bankers by closing the gold window, ending the exchange of Greenbacks for gold.Lynette Zang draws startling parallels between today's financial markets and the Great Depression era of 1930's, including rampant margin leverage of 10:1.An economic calamity may be inevitable, unfolding as soon as 2021.It is advisable to expand their local network to improve the odds of survival and boost household stockpiles of food / medicine / PMs / energy and self-defense.Tim Draper, Silicon Valley V.C. legend, author of How to be The Startup Hero, founder of Draper University and Bitcoin expert makes his show debut.In only 5 years, Draper University is already setting the standard in education, with several success stories including a billion dollar crypto-token company.Our guest had the foresight to purchase 30,000 Bitcoins in 2014 from the U.S. Marshals Service auction at around $500 each.In 2014, his forecast of $10,000 BTC by 2017 came to pass ahed of the prediction.Tim Draper expects the $86 trillion global currency market to be eclipsed by Bitcoin / altcoins, which implies a 240x-500x price increase from current levels.His prediction last month of $250k Bitcoin by 2022, resulted in "The Draper Effect" set the floor on the $6,600 price, sending Bitcoin soaring by 50%.He joins the chorus of leading financial gurus calling for $1 million Bitcoin, adding that BTC could climb into the millions per coin.Key qualities of BTC: A store of wealth, ease of transfer, safety relative to traditional banking, less bureaucracy, and frictionless transactions.Additional benefits: governments will compete for their citizens, digitally; easy accessibility for the unbanked masses as well as a parallel monetary system.Tim Draper notes the brain drain of talent and of wealth from regions with draconian legislation towards crypto favorable areas, such as "Crypto-Rico."Puerto Rico offers entrepreneurs a tax safe haven, funnelling wealth to the island where officials hope new capital will rebuild the devastated infrastructure.While Japan wisely adopted Bitcoin as legal tender, bringing considerable affluence, other nations have struggled to accept the decentralized blockchain.To paraphrase M. Gandhi: First they laugh at you, next they ignore you, then they attack you, and then you win.Similarly, although JP Morgan and related institutions first rejected Bitcoin, FOMO is rampant on news that Goldman Sachs announced a BTC trading desk.Economists / policymakers and investors who resist the inevitable pull of the crypto-revolution are doomed to mediocrity, while those who adapt to the new trend will improve their odds of success.Louis Navellier of Navellier & Associates notes the best corporate earnings in 6 years and tax cuts could spur forward the already lofty US equities markets in 2018.Dividend yielding stocks may be preferable in 2018, but caution is advisable before chasing yield too high, which only magnifies risk / volatility.The host / guest concur that NVIDIA (NVDA) shares remain appealing, due in part to record demand for their superior cry