Andy Schectman, David Lin and Greg Mannarino Wednesday 7-12-2023

It Would Be 'Really Foolish' to Underestimate Gold-Backed BRICS Currency: Andy Schectman

Commodity Culture:  7-12-2023

CEO of Miles Franklin Precious Metals Andy Schectman discusses the progress that the BRICS nations have made with their move towards a gold-backed currency, and what that means for the geopolitical landscape and the gold price in the years ahead.

 Andy also provides an update on what he's seeing in regards to the global supply of gold and silver, along with notable inventory drawdowns on the COMEX.

00:00 Introduction

00:41 Continued Growth of BRICS

04:27 How Realistic is the BRICS Currency?

12:17 Central Bank Gold Buying Accelerates

 16:31 COMEX Gold & Silver Inventories

21:44 AI Mania in the Stock Market

25:28 Gold-Backed CBDC

https://www.youtube.com/watch?v=gxy4IW8R5ho

Economic Collapse: ‘All Banks To Fail’, Fed’s Powell To Resign | Peter Schiff & David Hay

David Lin:  7-10-2023

Peter Schiff, Chief Market Strategist of Euro Pacific Asset Management joins David Hay, Co-CIO of Evergreen Gavekal to discuss their macroeconomic outlook, as well as risks and opportunities to investors.

0:00 - Intro

0:40 - Stock market

 5:27 - "Major economic contraction"

9:40 - Banks are "insolvent"

14:00 - "Echo Bubble"

16:28 - Fed's Powell to resign?

19:00 - Inflation expectations

24:00 - Triple digit oil

25:45 - Labor market

30:00 - Emerging markets

35:00 - Budget deficits

36:00 - Market complacency

42:00 - Bitcoin

52:00 - Alternative to the U.S. Dollar

https://www.youtube.com/watch?v=ujrE2AleZm8

SHocKeR! INFLATION CONTINUES TO RISE! US DOLLAR CRATERS! 10YR YIELD FALLS! MMRI DROPS!

Greg Mannarino:  7-12-2023

https://www.youtube.com/watch?v=j76bIoEg8H0

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Wednesday Evening Chat with MarkZ 7-12-2023