Craig Hemke – Gold Will Shelter Us Through The Coming Economic And Geopolitical Storm
Craig Hemke, Editor of TF Metals Report, joins me for a bigger-picture discussion on the role of gold in one’s diversified portfolio as counter-measure to economic and geopolitical tensions, and the ongoing devaluation of global fiat currencies over time. We start off discussing the upcoming BRICS nations summit next week in Russia, their evolving strategies on global trade alliances, the slow process of de-dollarization, and their potential to develop some kind of SDR-like trading unit that may have a significant backstopping of gold along with other fiat currencies. We delve into if this could help explain the divergence in central bank buying in many BRICS nations and new additions to the group, versus some of the western nation’s central banks.
Next we pivoted over to the macroeconomic factors that are evolving on the horizon, with regards to central banks loosening policies, increased fiscal spending, rising debt burdens in western nations, the potential for recession, ongoing effects of inflation, and the possible trade and market implications for the upcoming US elections next month. All of these risk factors have Craig comfortable continuing to hold and stack gold as a longer-term store of value to shelter his portfolio from the coming storm.
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Porter Stansberry explains that either candidate will be unable to right the ship due to the debt. Likes gold as a diversification, and certain mainstream stocks to get thru this mess. For whatever that is worth.
Yes… I mentioned “unpayable debt” at the beginning. It depends on whether the people want to accept the fact they have bern scammed and continue in a new autocratic regime that guarantees generations of autocrats and serfs or try to attack the symptoms of criminal activity and restore the law. (It is not limited to the US as Central Banking is worldwide. It just depends if one accepts transfer of wealth and gives up.) There is always alternatives for democratic countries for restructure and debt forgiveness Autocrats who thrive on Criminality have no motivation but to continue corruption. Corporations thrive on corruption also. That’s why corporations are major elements of Fascist power.
The Concept of bail-ins is not consistent with democracy or capitalism because it is a direct transfer of private wealth to cover corporate risk failure.
“ No Man is Above The Law “. Is a Constitutional principle. Making an exception for one or more is not …
The trouble with your thinking is that you can’t have American economic planning which might prevent disasters from recurring like the debt bomb because you are handing over undue power to an incompetent and venal bureaucracy whether it is the Republican or Democratic Party. I’m sure even you have heard of the two headed snake. Your ideas only work in a vacuum not in real life. I’m surprised that someone like you who is always talking about how corrupt the government is would even think that voting matters. LOL! DT 😜😉🤣
Thanks for supporting the issue that this is about a Democratic Republic With a Constitution Versus Fascism governed by Corruption. You made your position clear but still found the need to point out my weaknesses as if somehow that’s make your point. I will say that I can not support your views as mine differ just like the choices that all Citizens have to make in the near future.
I should also mention that the structure of Federal, State and Local governments are all constructed where the elected and their appointed assistants control all government organizations. To imply otherwise suggests a lack of knowledge of reality. The tail does not wag the dog. That is why it is critical to elect only those candidates of sufficient character to remain loyal to their oath to the constitution and to the people and not to a party or special interest or personal belief or personal gain.
Two simple quick examples which are common over the years of all Administrations:
Currently:
— The current Secretary of The Treasury is the former head of The Fed
—The current head of the Securities and Exchange Commission is a former partner from Goldman Sachs.
(Ask yourself if that facilitates the transfer of wealth and deregulation of financial statutes, or is it just a conflict of interest of little concern)
Lake says, “The tail does not wag the dog.” Tell that to The Israeli lobby, you don’t even know who is in charge. LOL! DT 🤣
Lobbyists lobby elected politicians that submit or support or vote on legislation that are favorable to their position. This power to influence outcome was expanded under Citizens United when SCOTUS made corporations have the status of “people” and gave them campaign donation authorization to levels very few citizens can compete with except those very few .01% extremely rich with biased views for personal gain of one form or another contrary to the best interest of the Constitution. These lobbying opportunities give Corporations and the extremely wealthy unfair advantage in the election process and sways elected persons loyalties away from the Constitution and the people to that of the interests of the various wealthy donors. Lobbyist concentrate on only those elected or appointed officials that can influence outcomes consistent with the lobbyists special interests
Lobbyists lobby elected politicians that submit or support or vote on legislation that are favorable to their position. This power to influence outcome was expanded under Citizens United when SCOTUS made corporations have the status of “people” and gave them campaign donation authorization to levels very few citizens can compete with except those very few .01% extremely rich with biased views for personal gain of one form or another contrary to the best interest of the Constitution. These lobbying opportunities give Corporations and the extremely wealthy unfair advantage in the election process and sways elected persons loyalties away from the Constitution and the people to that of the interests of the various wealthy donors. Lobbyist concentrate on only those elected or appointed officials that can influence outcomes consistent with the lobbyists special interests. Lobbyist are not necessarily “party oriented” as they are “special interest” oriented whether for money or principle or power or some other reason not compatible with the best interests of the country as a whole. Dem/Repub is an easy topic that can inflame the public away from the core issue of criminal acts being committed to transfer wealth or power. Unfortunately their are too many bias, prejudices and beliefs that can be played upon and divert the voters from the true issue of transfer of wealth and power through financial and economic channels which go unmentioned and unchallenged. Where is the Media … owned by those with an interest in the economic outcome? Surely they couldn’t control the “free investigative press”. Could be …
Congress is responsible for making laws. In order to change the law or statutory regulations, Congress must do it. The SCOTUS interprets the Law and the Administrative Branch carries out the Law or enforces them. If one or more of those checks and balances fails, then the system is designed to investigate and correct. If a portion of the elected body goes rogue for a party or religious or racial or etc reasons the system is in jeopardy, the Constitution fails and most likely the country is at risk of forming a government that acts in its own interests and is also doomed to failure, but not until there is severe suffering that could have been prevented by elected officials following their oath to the Constitution. But those days will be gone when the Constitution is gone, There will be no choice in elections but only the appearance. That is why thousands of people show up at our border… because they are the ones excluded from living safely or meeting basic needs in their autocratic country that lost their democratic Constitutions in the past.
So there is a serious choice to made and it requires the Constitution to remain and Laws that have been altered, be restored to those that protect “all” the people … not a chosen few.
Money of Mine talks about Westgold(WGX) at the start of this podcast.
They completed a merger with Karora(KRR) recently and are now listed on TSX as well as ASX.
https://podcasts.apple.com/au/podcast/which-of-these-3-miners-took-gold/id1459208682?i=1000672988504
Above link doesn’t work, try this one.
Thanks for sharing that link Terry. I’m a Westgold shareholder now, by way of 1/2 my Karora shares that I left in place to switch over during the merger, and wanted to dig into the recent quarterly metrics, but those guys and gal and did a great job of breaking things down. I share the one guys optimism that this was an quarter reset of the proforma company without a complete quarters production and lots of extra costs, but that moving forward there is going to be growth, especially in 2025.
I’m working on getting Westgold on the KER soon for an update now with the new combined company.
Anyone who thinks the Democrats aren’t the bigger threat to individual freedoms, the constitution and the rule of law has a screw loose. Such individuals are incapable of critical thought so they perfectly reflect all the propaganda they’ve been fed by the corporate media. Are they comforted by the fact that the most powerful corporations and bankers in the world are on their side along with the rest of Wall Street? Or is it Dick Cheney’s endorsement that inspires them?
It is beyond laughable when ANY Democrat pretends to respect the constitution.
It should be crystal clear why it’s the Democrats who’ve been pushing to lower the voting age to 16 but apparently it’s not clear to D voters. The answer is this: The less you know the more likely it is that you’ll fall for the insanity and criminality that is collectivism and in the US collectivism is the domain of the Democrats.
Forget the future, our present isn’t looking good at all…
https://www.youtube.com/watch?v=Iw9B03-n7J4&list=TLPQMTMxMDIwMjS_gr1pX_8kag&index=15
Simplistic but still nailed it…
Tucker Carlson says Dick Cheney supports Kamala Harris because they are both “neocons” who believe “it’s okay to kill people in order to get rich.”
WITH THE POLITICAL DIALOG above…………. WHY is the ORPHAN SECTION not UTILIZED for this benefit….. I thought this was the MINING SECTION….. hummm….
Again…….. hard to separate the issues…. since GOLD and SILVER are POLITICAL….. LOL…
Have a great one….. 🙂
All good stuff posted above…. I have zero problems with mentioning anything political…
OOTB:
Sorry Jerry, but the subject of the impact of the election was discussed by EX and Craig and both sort of waffled on the impact as it is an unknown. What is known are the agendas that are being put forth by the candidates. The issue was the impact on the markets. What we currently know is that the all markets are being intervened in and manipulated with little regulation. Corporations and the wealthy are winners and the middle and lower classes have been losers in this process.
The question then becomes, if the wealthy and corporations profit from the corruption (market intervention has always been illegal although deregulation has occurred which has made former law borderline ), there is currently a movement by one of the parties to “undermine the Constitution, continue the transfer of wealth and, in essence establish an autocratic government with Fascist overtones.”
So when the “Economic Pundits” say one party is better for the corrupted markets going forward, it is because that party is fostering a continuance of corrupted policies which favors the Corporations and wealthy, but that does not take into consideration the “well-being” of almost the entire rest of the population.
So the question has to be addressed in the Context of “all citizens” and not just the economy as the two political choices are offering options that, in reality, result in the same end for the economy but total destruction to 90% of the people under the non-Constitutional alternative.
So the discussion above is a follow-up on the interview that the up-coming election will have a “dramatic outcome difference” for 90% of the population.
Here is just a small example of things to think about when assessing the future financial situation: One of the Candidates has been considering appointing Jamie Dimon as Secretary of the Treasury. (JP Morgan under Dimon’s supervision has had 5 Felony Plea agreements for various forms of market manipulation with “Civil” punishments of “fines”. Rare if any criminal prosecutions against Wall Street)
One party needs to clean-up the corruption as much as possible for the total population and the other is happy with corruption continuing despite the Constitution.
Hello Lake,
As I mentioned, …I have zero problems with mentioning anything political….
Thanks for your contribution…. on the subject ….
It is all good stuff…..
BTW,…… I even tried posting your info over in the ORPHAN SECTION…. and it got deleted…..
Thanks Jerry. It all remains very sensitive to the readers as everyone has some biases and interests that are being played by the politicians and money interests. Maybe ..maybe some day in the near future we can begin attacking the problem of money in politics and corruption in general. Money interests have been given such a strong foothold, it has slowly developed over time into a problem of overwhelming proportions for either or any party to overcome. The key is and has been to reinstate Laws that were develop in the past to combat greed and corruption and begin the slow process of prosecuting those that at minimum have violated the most basic criminal laws that have remained on the books. Some of the perpetrators claim they have immunity because they have undermined Security Acts of various sorts.
But, in reality the simple laws of theft and theft by deception have always been there and are still readily available for the Regulators and Justice Department to pursue …,if allowed to by our Elected and appointed officials.
This brings us to one very important issue:
Because many of our Elected Officials have been “complicit” in criminal acts aiding and abetting (either/or/and) the Banking System and Corporate World in committing fraud against the Citizens: THEY ARE VULNERABLE for criminal prosecution UNLESS the Constitution is destroyed and the Democracy is converted to some form of Fascist or Other Autocratic state. This is the End Game when you commit Fraud and Transfer The Treasury that is the property of the people.
They Do Not Want To Go To Jail. They want to flee with the spoils of their criminality without fear of liability. Pretty Simple end game, but difficult to fix when the people in position to fix the problem…are part of the problem. (Elected and Appointed Assistants)
It is The Law that holds Society together.
VERY WELL SAID…………… LAKE……. and I agree 100% …. again, thanks for the reply….
and keep hanging in there… I appreciate all your efforts on the subject ….
Food For Thought:
During the above conversation, there was raised a question as to whether one party had a better solution of repaying the “unpayable debt” than the other. The general conclusion was that neither has proposed a solution and have avoided addressing the issue.
A possible way to determine a difference is taking a look at the following considerations or questions:
— The debt problem leading to the Great Depression was identified as growing from the establishment of The Fed in 1913 after a meeting/s on Jekyl Island of Wealthy Elites.
— Following The Great Depression, several Regulatory Acts were put in place in recognition that weaknesses in the Central Banking System led to The Great Depression.
— Following WWII, the US was a creditor nation and Bretton Woods resulted in the US being awarded the Reserve Currency with the objective of backing the US currency by gold.
— Having the Reserve Currency backed by Gold necessarily required that the US had budgetary restraints based on limiting deficits within the gold backed capabilities.
— The US guaranteed that holders of US Currencies could exchange US Fiat for gold.
— French President DeGaull decided to test the situation by demanding a gold Exchange. Nixon elected to remove the gold option window and ended the system in 1971.
— Since there was no longer a gold backing system, politicians saw the opportunity to: spend more than was earned from taxing by creating deficit budgets.
— As deficits expanded, there was also the “deregulation of those Acts designed to prevent another depression”. These Acts were weakened by both parties with the assistance of all Administrations.
— As Regulatory authority was undermined, it was noted that The Fed and Exchange Stabilization were barred from “Audit” and for whatever reason “Gold” was considered worthless as it was a threat to the “full faith and credit” and “ confidence in” the fiat currency. Audit of the gold in Ft Knox became near impossible or thwarted within Congress and Administrations.
— Computers were born and expanded to control all public and private corporate and governmental matters, including stock and commodity markets making it more difficult for Regulators and the common man to monitor financial matters of all kinds.
— Derivatives and other creative trading mechanisms of all types were significantly expanded, which coupled with deregulation, opened the door to a plethora of high risk unregulated casino like ventures for Wall Street.
— Wall Street, who owns The Fed, began to bleed the US Treasury for personal gain and some did not fear prosecution because they were the “Bankers” for not only the US Government, but also for the elected members of government who now were protected by new statutes protecting them from prosecution for insider trading.
— When the Banks and Corporations got in trouble for their risk taking, to prevent their failure, Congress voted to bail them out initially during the 2008 Great Recession.
— This, in turn, put bad debt on The Fed’s balance sheet and other corporate bad debts off balance sheet along with an unpayable level of derivative debt that could also be destructive to the World Economy. A partial audit of The Fed directed by the Senate showed The Fed was bailing out foreign banks and corporations in addition to a myriad of US banks and corporations under the table.
— While all the above was happening, Congress became locked in stalemate and refused to deal with pending economic disaster. Dodd – Frank was passed to give the appearance of bringing sanity to the financial debacle but, in essence, was nothing but another smoke screen kicking the can down the street.
So We Have An Election coming up and one party wants to work within the system by restoring the law and the other wants to undermine the democratic system in favor of an autocratic system.
So here is your choices:
— If you want an autocratic system, you have to get rid of the Constitution, its underlying laws and defer all rights, power, ownership of personal property to An autocratic leader, Political elite and Corporate power. This is by definition.
—- if you want to have a country with a Constitution where the people determine who their elected officials are, you have the right to practice a religion if you want or not and sets moral standards, that gives you an equal chance to receive an education or a job or other things supporting life itself, that does not intervene in markets with unfair advantage, does not unfairly compete with your small business or livelihood, that does not interfere in your medical well being, etc etc etc (just think those things a Fascist State will take from the individual)
Bottom Line: you can’t get rid of the Constitution and have a fair and equitable country. If you believe that some are entitled to better treatment and opportunity because of some “special interest belief” then you may want a Fascist State where you have no control over your future.
If you want to restore the laws and regulatory order that has been eroded by political special interests, then vote to retain the Constitution and elect representatives that will only represent you and have them get rid of Citizens United to start and appoint Supreme Court Judges that aren’t bought by special interests.
Those that have stolen from The Treasury and future Treasury through risky unregulated/unaudited schemes are relying on you to push an autocratic regime that will eliminate the Constitution/associated statutory laws and capability to take criminal action against the thieves that committed the biggest theft in the history of the World … the current and future US Treaury… the property of the people.
They would absolutely love to walk away with your Country and leave 300 million bag holders behind who they led down the path of destroying The Constitution, many of these criminals having sworn their allegiance to when they took their Elected Oath of Office.
So listen to what the Candidates are saying and also to those who are seeking reelection. Are they “for” something or just “against” someone else getting the job and power. If against everything, see if they are for something. See if they want to get rid of law and regulation or restore it.
Good luck to all…