Greg Hunter interviews Gordon Long, private investor and founder of MATASII.com, to discuss the financial markets, gold, and what he sees coming this fall.
Topics:
"You can no longer call our economic system Capitalism!" -- bleeding the investment capital out of the system (1:36);
"Debt today now consumes most of the productive capital being created" (4:06);
It goes on until the (fiat) currency dies -- You do it until no one will take the money -- relationship between gold and interest rates -- gold manipulation (5:45);
Gold and silver market suppression -- it could go on a bit longer -- credit cycle and business cycle is wanting to roll over -- central bank balance sheets will continue to explode (7:20);
Gold and silver are cheap right now -- when the system breaks there will be an abrupt revaluation of gold and silver -- 70% devaluation of US Dollar -- stability will need to added back to the monetary system (8:31);
Market phases chart - Stealth Phase (smart money), Awareness Phase (institutional investors), Mania Phase (Public), Blow Off Phase -- We are in the Mania Phase at the point of Delusion -- New highs still coming in stock market (11:34);
When "Fear Strikes" there will be a flight into the US Dollar initially -- Driving a rebound in the market -- Quickly after that the US Dollar will collapse -- US Dollar will be last to collapse (14:39);
Make sure you have: Physical gold, physical silver, cash, and assets that will withstand the collapse (ownership of land, house, car, and real stuff) -- No ETFs (15:55);
"Delusion Phase" -- markets at (near) all time highs when threats of war -- more serious than Cuban Missile Crisis -- it is not a free market -- 72% of U.S. businesses not making money -- zombie corporations (16:50);
Markets being held up by debt -- global yield chase (19:38);
Who's buying the bonds? -- Unrepatriated Offshore Profits (US companies with most offshore cash) (20:40);
What could possibly go wrong? -- decreasing cash flows -- law to repatriate the offshore cash (22:20);
U.S. does not have a $20T debt, it is really a $84T debt based on unfunded liabilities -- we are now paying out more than is coming in -- $210T in contingent liabilities -- the world economy is walking a tight-rope (24:06);
How soon is a collapse coming? -- Scare coming this fall, resulting in more quantitative easing -- larger collapse in consumer confidence coming the spring of 2018, but maybe a bit longer -- FED co-chair stepping down (26:44);
U.S. retail space -- 10,000 stores shutting down this year -- massive wealth and capital destruction (30:30);
And more...
34 minute video by Greg Hunter published 26 September 2017
Link Associated with this Interview
USAWatchDog Article: Gold Price Will Explode When System Breaks – Gordon Long
Source:
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Thank You!
Thank you!
Is it possible that bitcoin prices will rise again next month ?. I feel confident Bitcoin can be translucent 6000 USD in November 2017 later.
Terrific interview. This guy Long lays it all out. The Bad, the Ugly and the horrible.
I agree, that it was a good interview. I know I found it very interesting and always appreciate someone who tells it like it is.
Have a great weekend!
Steem on,
Mike
great video
great post like it