"The Setup For a Paradigm Shift" by James Carrasco
Jaime Carrasco: The Setup for a Paradigm Shift
Palisades Gold Radio: Sept. 21, 2021
Jamie says people should focus on the positive and globally there is a growing perspective shift. The real debt ceiling broke some fifty years ago under Nixon.
Debt is the problem and equity markets are tiny in comparison. Gold remains the ultimate hedge.
The Evergrande default has similarities to the Lehmann Brothers collapse but it's larger. Since 2008 we've been able to postpone the collapse but since then a lot of gold has moved from west to east.
China has had a massive win in Afghanistan and they did it without firing a shot. That region is key for trade and has potential energy implications for Iran.
More companies and individuals are looking for fiat alternatives to preserve their wealth. If you're going to 'hedge accordingly' you should consider gold, silver, and blockchain.
He contrasts Chile with Canada and why inflation seems an unavoidable aspect of Canada's future. Canada today has an aging population and now billions of debt. The consequences will be highly inflationary since there is no political will or gold reserves.
The game is up. Inflation is an exponential event that compounds and accelerates. It's now signaling the decline in fiat currencies.
Markets today are irrational and people need to awaken to this fact. Everything is looking good for gold and soon they won't be able to hold back the price.
The Fed today is not unlike the Captain of the Titanic.
Jaime discusses the importance of having cash to take advantage of opportunities. However, cash also carries risk. His equity focus is on producers because they have significant cash flow. With miners, you want to minimize geopolitical risk and look for good quality management.
Jaime feels we're about to re-enter the storm that began back in 2008. He says, "Get your ship prepared."
Time Stamp References:
0:00 - Introduction
0:58 - The Big Picture
4:22 - Evergrande Default
9:27 - China & Taiwan
13:35 - Palantir and Gold
17:36 - Gold, Canada & Collapse
22:36 - What's Ahead for Canada
24:26 - Inflation
26:37 - Confidence in the Fed
29:27 - Which lifeboats now?
34:38 - Wrap Up