Some folks talk of how this will be an inflation-fuelled roaring twenties as if inflation is a good thing. But, as I explained in Bearcast yesterday, history shows how it rips society apart. The poverty it causes for many is an evil. Doug Casey, the libertarian author and speculator, follows this theme in the latest podcast from Palisade Capital. He may be more eloquent than I, certainly he delivers fewer “ers”.
Ron Paul for President! Sadly he never made it past the Republican Primaries. America is not ready for a honest, sound money libertarian yet. But the good doctor is still my hero. In this new video, Dr Paul discusses the need to reduce the size and scope of government. He argues that people today rely on the government too much, and politicians can’t resist taking advantage of this dependence. It’s like an addiction, and stopping it is a problem. The plunge protection team has done a miraculous job of propping up the market. But, unfortunately, Paul argues, the dollar will continue to decline, and inflation will result in the prices of everything going up.
Investor Rafi Zarber is a libertarian and an Austrian school economist so clearly can do no wrong at all in my eyes. He recently penned an article on money as a gold substitute where he defines the meaning of sound and hard monies. Money needs to be predictable in what it measures and have a predictable supply. Debt substitutes and paper promises become problematic over time, and the entire system becomes unbalanced. These imbalances cause price and supply disruptions across sectors, including commodities like mining.
It is such a good joke I think I make it about 5 times in what follows. And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Harry Adams of Kefi Gold & Copper (KEFI), where i am a loyal shareholder expecting the shares to double or more by mid year, and also Dominic Frisby. The singer, songwriter, comedian, gold guru, bitcoin expert and libertarian is on great form especially on the bitcoin/gold issue and tips the only AIM stock he owns and explains why. You will laugh and learn with him. You can access the show HERE
Libertarian speculator and author Doug Casey says it’s difficult today to be an investor with all the government economic distortion and mis-allocation of capital. However, in contrast a speculator can do well in this environment. He says, “Being a speculator should not be confused with being a trader.”
More than a million Americans a month opened a brokerage account with Robinhood in the first quarter of this year, most of them new to trading. The attraction: Robinhood charges no commission at all and you need just $1 to open an account. And now, as you can see below, it is coming to the UK this year. Great news or worrying news? It depends who you are. I start with my long held belief that traditional retail brokers like Hargreaves Lansdown (HL) and AJ Bell (AJB) rip folks off with execution only charges that are far too high.
An anthem for libertarians from my pal Frisby. Enjoy.
In this eighth edition of the ShareProphets Radio podcast, sponsored by Yorkville Advisors, in order I discuss my guest next week (the biggest name yet on the show) and Burford (BUR) and the more general issue of revenue recognition. I then chat for about an hour to liberatrian comedian, songwriter and singer, Brexit Party activist, gold & bitcoin guru Dominic Frisby. Prepare for a few laughs. Then it is Cathal Friel of Open Orphan (ORPH), where I am a shareholder, and finally David Bramhill of Union Jack Oil (UJO). After that section I discuss nearology with reference to Union Jack, UK Oil & Gas (UKOG) and more generally. If you like this and can't wait seven days for more of the same you should listen to my Bearcast every day.
I accuse Dom Frisby of using a very old photo on this occassion. How do you plead Frizzers? This podcast with the great libertarian and gold guru is nothing if not wide-ranging.
Buy shares in Berkeley Energia (BKY)! Okay that is what I think, you want to hear from veteran investor and libertarian thinker Doug Casey.
Jeff Berwick describes himself as an Anarcho-Capitalist, libertarian, and freedom fighter against mankind’s two most significant enemies, the State and the Central Banks. Good man. He argues that the cryptocurrency ecosystem has had a lot of innovation and late last year the dumb money began investing. The January pullback was expected and needed. Many are glad there was a pullback as things were growing too fast. The potential of cryptocurrencies has not changed, there is still massive amounts of development. There is a lot of buzz in the cryptocurrencies, and it’s not going away.
As a libertarian I really do believe that you should be allowed to spend your money on whatever you want - it is your pocket book and your body. Drugs, guns, sex, nicotine, even books written by crooked Hillary Clinton it is all fine by me and so too is spending your own cash on a Fixed Odds Betting Terminal (FOBT) at William Hill (WMH). But the Government plans to slash the maximum you can wager on a FBOT from £100 a pop to as little as £2 because it wants tgo hbelp problem gamblers. It is nanny state. I should oppose HMG. But a BBC Radio 5 interview with Hill's spokesman Ciaran O'Brien has made me think - O'Brien really is the scum of the earth.
In this podcast I look at the FCA Report into CFD providers. It rightly slams themn. We have told ETX we will have nothing more to do with it and really I want no part of this industry. As a libertarian I look at an industry where 76% of customers lose money. Then I hail the King, that is the King of the spoofers, Mr Clem Chambers of Online Blockcrap (OBC) - as I also cover HERE. I look at Moss Bros (MOSB) and what its profits warning plus the problems at Byrons say about B2C stocks. I also comment on Sosandar (SOS), which we own, en passant. Finally I look at the IPO of Nuuvera on the TSXV ( a market that makes the AIM Casino look sober and well run) and what that means for FastForward (FFWD). I again explain why all cannabis stocks will not fly.
Libertarian Peter Schiff is a great hero of mine and I am glad to see him calling Bitcoin out as a bubble.
I still really do not understant bitcoin but it seems to grip fellow libertarians like Dominic Frisby and, in this case, resource guru Doug Casey. In this Palisade Capital podcast, Doug discusses the commodity markets and why the most important thing is what they do cyclically. Most commodities are down 50% since 2011 and the dollar has lost 20%. Commodities remain quite cheap, particularly gold, silver, and copper. He discusses Junior miners and why now is a good time to get into these markets.
Sometimes in business you have a moral choice. Do you accept the custom of an individual or not. As a libertarian I do not thing it should be for the state to tell me who I can or cannot choose to serve.
Peter Schiff is a libertarian a gold bug and a hero of mine. So I listen to what he says. His latest podcast - not surprisingly - has a similar world view to mine. The Fed is now indicating it needs evidence that the Q1 weak economic data is transitory and not a trend. This is interesting for 2 reasons. The Fed’s narrative has always been to tout economic growth even in the face of flimsy or no supporting data. Now the Fed is actually admitting there is weakness. The other interesting thing is that, although the Fed continues to claim it is “data dependent”, it has been ignoring the economic data ever since the first rate hike. The market puts chances of a June rate hike at almost 100%. Maybe that is because it believes the Fed will raise rates regardless of proof.
Libertarian gold bug Peter Schiff is a big hero of Tom Winnifrith. He called the 2008 crash and he has also made some duff calls. But what he says about US retail in his latest podcast is fascinating. What happens in the US will wash over to the UK in due course. This is terrifying stuff to listen to.
Libertarian gold bug Peter Schiff is one of my heros and his latest podcast reminds us all why the stockmarket may be hitting recorcd highs but it is clearly way overvalued.
Libertarian gold bug Peter Schiff is one of my heros and his latest podcast reminds us all why we need material gold exposure in the months that lie ahead. Inflation is back!
Libertarian investor Doug Casey (like myself) predicted that Donald Trump would win. He expects the administration to encourage resource development and reduce regulation, but says Trump lacks an understanding of basic economics. You have to like Trump, since the creatures of the swamp in Washington D.C. seem to hate him so viscerally. However, he may continue the foreign policies of his predecessors. Doug, like me, thinks a stock market sell off is still likely considering the many distortions and misallocations in capital that exist. He is concerned that Trump could be the next Herbert Hoover, and that he may be painted incorrectly as a free market guy.
Is the Trump rally fizzling out? Yes it is. But is this going to be a soft landing? No. That is the view of libertarian gold bug superhero Peter Schiff who explains in his latest podcast that bubbles just do not go away gently. And we are living in a bubble.
Shares may be zooming in the Trump rally but libertarian gold bug ( and all round super hero) Peter Schiff does not think it will last or is sustainable. But the first casualty of the bonds sell off will be commercial real estate warns Schiff in his latest podcast.
Libertarian gold bug Peter Schiff is a hero of mine and in his latest note he makes a very vaild point about Donald Trump - he could well bankrupt America. Over to Schiff:
Folks have focussed on how shares have zoomed since Donald Trump won but what about the bond market which saw its worst week for five years? What does that mean and will it continue? Yes it will. That is the warning of libertarian hero and perma bear Peter Schiff in his latest podcast.
Libertarian gold guru Peter Schiff is a big hero of mine. In his latest podcast he discusses why he thinks US Q3 GDP data was rigged and why Us consumers really are feeling bad. He also explains for anyone too thick to understand why the Hillary Clinton email issue really should send her to prison and why he thinks Trump deserves to win and now may well win. And what this all means for the markets. Peter called the 2008 crash now listen to what he says on US car leasing and what that tells you. It tells you that there is a meltdown coming folks...
Jacob Rothschild, Stanley Druckenmiller, George Soros, along with his associate Crispin Odey, and other billionaire elitists are moving massively into gold. In his recent semi-annual address to RIT shareholders, Rothschild announced that they are reducing their stock and currency exposure and increasing their gold holdings.
As you know, Peter Schiff is a hero of mine, a libertarian and gold bug he predicted when and why things would go wrong in 2008. Schiff says the next meltdown will be worse and it will be soon and explains why in this compelling new video.
There are several reasons the world economy is unsustainable within the current systems according to my hero, the libertarian Gold bug Peter Schiff. We have featured Peter several times here in recent weeks - see HERE. He believes the biggest factor is countries like the US which have huge deficits. They have low production rates requiring mass imports of goods in exchange for pieces of paper that are losing their value. This forms imbalances which destabilize the global economy. There are also enormous amounts of bonds and unfunded liabilities which creates vulnerability to a backup in interest rates. If rates go up, they can’t afford to pay.
Libertarian gold bug Peter Schiff is a hero of mine. This latest podcast on the bond bubble and the nightmare of a Clinton Presidency is really superb. On Crooked Hillary he really is very funny and very accurate. Spare 25 minutes for a listen.
You know that libertarian gold bug Peter Schiff is a major hero of mine. In his latest video he shows how real GDP growth is negative, it is collapsing. And that has profound implications for all of us on both sides of the pond. This is cracking stuff from Schiff. Yes we really are in recession already!
As you know Peter Schiff is my hero, a libertarian sound money man. In his latest video he explains why the next move in US base rates is going to be down and why rates could go negative. On the basis of that he advises buying gold.
Libertarian Mark Littlewood of the IEA is a Question Time Regular and came along to Gold & Bears to give a compelling presentation on the mess we are all in. Debt is toxic and the answer is not more tax but less.
Peter Schiff is a libertarian hero of mine. He called the 2008 crash brilliantly - its causes and what would happen. Now he calls the great crash of 2016. This interview with Schiff is frightening and compelling and what he says about the US also applies to Britain. Schiff thinks we are sleepwalking to insolvency. Show me how he is wrong!
It I all very well sitting in my garage in Bristol or in the Greek Hovel writing about companies but it would be fascinating to actually go visit a few of them on the ground with a video camera in hand to report from the coalface. Right now that is not an option for personal reasons you know too well but next year I’ll need to clear my head and already two road trips are sort of planned.
Controversial entrepreneur Big Dave Lenigas is my pal. So too is outspoken blogger Doc Holiday. But the two men appear to loathe each other passionately. And the latest step in this battle came with a twitter threat from Big Dave “I will block on twitter anyone who follows Doc Holiday”. Oooh er missus…
You know that I am a bull of gold. I am also, like your esteemed site editor, a libertarian. Which is why I really enjoyed this week’s interview by my colleagues at Palisade Capital this week which is with Doug Casey, the founder of Casey Research who is – like the best of us – profoundly influenced by Ayn Rand. Dough also makes a call on mining toddlers which is a very interesting
Richard Poulden, the uber-libertarian CEO of Wishbone Gold (WSBN) has written to Alex Salmond with two helpful suggestions on how to make an Independent Scotland the economic powerhouse of Europe. Richard writes:
It happens once a day. Some helpful fellow – who inevitably owns shares in Quindell (QPP), blinkx (BLNX) or Globo (GBO) says that I do not behave like a proper journalist and offers helpful suggestions about how to improve my zero credibility. Inevitably one of those suggestions is to write less about blinkx, Quindell and Globo but there are others. Let’s get this straight.
Westminster Group (WSG) seems to divide opinion. There are some folk who think it is yet another loss making jam tomorrow AIM stock. Others (see HERE) love it and think the shares are cheap as chips. To help you decide here are the CEO and FD Peter Fowler and Ian Selby ( a good libertarian) in video action at the UK Investor Show.
Our pals at Mining Maven have another free event in the City of London on 26th June. Not only do you get free booze and food but there are presentations by two good friends of mine, Kerim Sener of Ariana Resources (AAU) and Richard Poulden, the uber-libertarian CEO of Wishbone Gold (WSBN). I had a drink or seventeen with the leader of the free Libertarian resistance earlier this week and thinks look interesting at Wishbone. There is also a decent looking bird, Jan Skoyles speaking on macro themes.
As ever I start my day reading the excellent column of my old pal Malcolm Stacey, the grandfather of share blogging. But today I was spluttering into my cornflakes as I read his words. Has my old pal become infected with “deluded lefty disease”? Please tell me it is not true or that it if it is you will spend a weekend at the Richard Poulden libertarian boot camp with Ms Argyle (pictured as she is better looking than Comrade Poulden), Matthew Sutcliffe and Dominic Frisby seeking urgent therapy.
Actually I may not be voting Tory. There is mounting evidence that I shall be deprived of the vote completely thanks to Labour Dirty tricks – that is my wife (who explains the Labour case here) neglecting to put me on the electoral roll. If I do vote, choosing a party is like deciding which sort of shit you want smeared in your face for the next five years. But forced to choose there is only one sane choice and that is to vote Tory.
I note that some people have started objecting to my language here. Fuck you. You are not paying to read me and no-one is forcing you to. But using naughty words does not stop this being journalism. And I note the objections only started recently…