Michael Pento, Bob Hoye, Chris Waltzek Ph.D. & Robert Ian - January 4th, 2018 - Goldseek.com Radio. A Spina-Waltzek Production-©2005-2019 http://radio.goldseek.com/ Royalty free music from Google Play. Disclaimer: this show is presented as informati

Summary: Jan. 4th, 2019(S14-E677)Featured GuestsMichael Pento& Bob HoyeHappy New Year!Please Listen HereShow HighlightsMichael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Goldseek.com Radio with comprehensive economic analysis.While his Autumn economic / market downturn came to pass as predicted on this show, market rallies may be merely selling opportunities.Investors are encouraged to prepare for "... a global depression, the likes of which we've never seen..."In the wake of QT operations via 9 Fed rate hikes, the higher cost of issuing new debt has eliminated much of the incentive for corporate buybacks.Unlike 2008-2009 Great Recession where Fed Policymakers held merely a $0.8 trillion debt load and the luxury of a 5% lending rate cushion.Today, merely 2.5% rates plus the enormous $4 trillion Fed balance sheet threatens the validity of a new round of QE Part II.The global economy could be facing an imminent deflationary economic collapse.Economic stabilization in the 2018-2019 could require 24/7 printing at the US Treasury.Such operations would decimate free markets, initially through debilitating deflation, followed by the panacea of last resort, dollar-devaluation.The end result: rampant inflation reminiscent of Zimbabwe, Argentina and the Weimar Republic.Given the financial risks outlined in the dialogue, the guest / host concur that the nascent PMs bull market presents excellent diversification / insurance opportunities.Season 14 kicks off with part II of the discussion with Bob Hoye of Institutional Advisors, with stellar news for gold shares aficionado."PM's stocks will go to the equivalent of $10,000 gold," in the nascent bull market advance.The dialogue includes the "citizen uprising" occurring throughout Europe and North America.The host underscores the timeless wisdom of Mohandas Ghandi, who promoted societal enhancement via nonviolent resistance.Economic history is replete with examples of cooperative trade that boosted the GDP of all nations involved despite sociopolitical differences.Each country concentrated on its own relative competitive edge via Ricardo's models to the overall benefit of humanity, the hallmark prosperity.Much of the recent prosperity was unknown merely 2-3 generations hence; society was devoid of antibiotics, AI, air travel, refrigeration, mobile phones.Once trade barriers are erected, Adam Smith's invisible hand is burdened by taxes, reducing economic benefits of trade.The Fed rate hiking cycle was clearly a key component of the equities zenith of 2018 and subsequent selloff.The most glaring contributing factor is arguably the trade war between the US and China, where policymakers have chosen to ignore the lessons of history.The Smoot-Hawley Tariff Act as well as the subsequent stock market collapse of nearly 90% and the Great Depression that followed.Will history rhyme resulting in the Great Depression II, eclipsing the deluge of the 2008 Great Recession?The increased market volatility and shift in CME FFF's contracts encourages investors to deploy defensive safe-haven investing methods.TIME article for Bitcoin naysayers.Putin signs anti-animal cruelty legislation. Subscription Options                                     Monthly : $29.89 USD                                      - monthly                                     Annual : $142.85 USD                                      - yearly         &nb