Palisades Gold Radio

Tom welcomes back Martin Armstrong from Armstrong Economics to explore current global economic trends, geopolitical tensions, and market reactions. Armstrong discusses how governments worldwide are facing declining trust due to progressive agendas, citing examples like Germany's shift toward far-right parties and Europe's struggles with migration.



Armstrong highlights the cyclical nature of political movements, referencing Trump's 2016 victory as a starting point for this global anti-government sentiment. He also touches on free speech restrictions, drawing parallels between historical financial suppression in Europe and today's broader censorship trends.



Regarding U.S.-China trade tensions, Armstrong explains that tariffs are often misunderstood, citing historical context from the 1930s to show they don't cause economic collapses but can lead to trade wars. He critiques media coverage for sensationalism, particularly Bloomberg's recent claims about market corrections, arguing these panic-inducing narratives mislead investors.



Armstrong also delves into Trump's policies, questioning his understanding of general economic and suggesting that lower corporate taxes could boost competitiveness. However, he warns against blaming Trump for broader economic declines, which he attributes to global trends rather than individual leaders.



The discussion shifts to gold's role as a safe haven during geopolitical instability, with Armstrong emphasizing its historical correlation with war and political uncertainty.



Time Stamp References:0:00 - Introduction0:35 - News & Keeping Up5:07 - Confidence in Gov't8:35 - Objectivity & Markets18:17 - Trump Rhetoric & China21:52 - CPI Lies & Obligations23:13 - Trade Negotiations?29:39 - Comparative Advantage39:10 - China & Real Reasons43:30 - Bond Markets & China?46:34 - Trump & Jerome Powell52:55 - Trump Policy Outlook57:30 - U.S. Income Tax1:00:00 - European Depression1:02:10 - Trump Reforms & Peace?1:13:44 - Gold Recent Strength1:16:51 - Gold & Safety Flight1:18:24 - Wrap Up



Guest Links:Website: http://armstrongeconomics.comTwitter: https://x.com/strongeconomicsFacebook: https://facebook.com/martin.armstrong.167Amazon Book: https://tinyurl.com/ybtrslr9



Martin Armstrong is the Owner and Researcher for the website Armstrong Economics. He is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.



At age 13, Armstrong began working at a coin and stamp dealership in Pennsauken, New Jersey. After buying a bag of rare Canadian pennies, he became a millionaire in 1965 at the age of 15. He continued to work on weekends through high school, finding the real-world exciting, for this was the beginning of the collapse of the gold standard. Martin became captivated by this shocking revelation that there were not just booms and busts, but also peaks and valleys that would last centuries.



Armstrong progressed from gold coin investments to following commodity prices for precious metals. In 1973, he began publishing commodity market predictions as a hobby, and in 1983 Armstrong began accepting paid subscriptions for a forecast newsletter.



"In Armstrong's view of the world where boom-bust cycles occur like clockwork every 8.6 years, what matters is his record as a forecaster. He called Russia's financial collapse in 1998, using a model that also pointed to a peak just before the Japanese stock market crashed in 1989. These days, as the European sovereign-debt crisis roils markets worldwide, he reminds readers of his October 1997 prediction that the creation of the euro "will merely transform currency speculation into bond speculation," leading to the system's eventual collapse."



His Website Armstrong Economics offers a unique perspective intended to educate the public and organizations on the global economic and political environment's underlying trends.

Tom welcomes back Simon Hunt, an expert on global economics, China, and the copper industry. Hunt discusses the escalating tensions between the U.S. and Iran, driven by Trump's tariff policies and geopolitical ambitions. He explains that these tensions could lead to regional conflicts, with significant implications for global markets and supply chains.



Hunt also explores the broader shift in global power dynamics, highlighting how nations like China, Russia, and Iran are strengthening ties through organizations like BRICS. He warns that U.S.-China trade disputes, including high tariffs on Chinese goods, are causing severe disruptions to global supply chains and manufacturing sectors. These disruptions are expected to lead to a global economic slowdown or recession.



The conversation delves into the potential impact of these developments on financial markets, particularly the value of the dollar, which Hunt suggests may undergo significant changes as countries seek alternative currencies tied to gold. He also discusses copper's role as an economic barometer, predicting price volatility and eventual increases due to supply chain disruptions and long-term demand shifts.



Hunt concludes by emphasizing the uncertainty and chaos that dominate the current geopolitical landscape, urging caution for businesses and investors as they navigate this complex environment. The episode ends with a note on the importance of staying informed about global developments to understand their far-reaching implications.



Time Stamp References:0:00 - Introduction0:55 - Liberation or Demolition3:54 - Iran Sovereignty & Trump8:56 - China & 104% Tariffs16:20 - Trump & Iran Escalation21:50 - Tensions Ukraine/Russia28:20 - U.S. Trillion Defense Budget30:37 - A Tale of Two Dollars34:37 - China Yuan Devaluing38:20 - BRICS Currency?39:30 - China's Econ. Issues47:40 - Global Slowdown & Copper54:11 - Monitor Geopolitics56:44 - Wrap Up



Guest Links:Email: [email protected]: https://simon-hunt.com/Substack: https://shss.substack.com



Simon Hunt began his career in 1956 in Central Africa as a PA to the Chairman of Rhodesian Selection Trust, one of the two large copper companies in what was then Northern Rhodesia, now Zambia.



In 1961, he came back to London and joined Anglo American Corporation of South Africa as a PA to one of the Board Directors, followed by being part of a small sales and marketing team for copper. From there, he helped start up a new copper development organization, CIDEC, financed by copper producers, which he then joined, focusing on conducting end-use studies of copper in Europe.



He then went into the City to gain financial experience and founded Brook Hunt in 1975. He was instrumental in setting up the company's cost studies and end-use analyses. Simon appeared as material witness and consultant in two ITC anti-dumping cases in 1978 and 1984, winning both at the commission level.



He has spent 2-4 months every year in China since 1993, and until a few years ago would be visiting some 80 wire and cable and brass mill factories across the country every year. He now restricts these factory visits to a smaller number, all of which he has known for many years. Simon also spends many weeks each year traveling around Asia.



The focus of the company's services is on the global economy, including the changing geopolitical and financial structures, China's economy and its copper sector, and then the global copper industry as each part is interconnected.



Simon is the author of the "Frontline China Report Service," which is marketed by the TIS Group. The Service provides regular reports on China's economy, politics, and financial outlook.



Simon established this company in January 1996.

Tom welcomes back John Rubino, Former Wall Street Analyst, Author & Substacker for a discussion on the current economic landscape and its implications for investors. Rubino discusses the end of a credit supercycle, highlighting the risks of hyperinflation, deflation, and stagflation due to global fiat currency systems. He emphasizes the importance of real assets like gold, silver, and energy during potential financial chaos.



Rubino also addresses the role of energy prices, particularly oil, in driving inflation or deflation. He suggests that lower oil prices could lead to a short-term deflationary period, followed by inflationary pressures as central banks respond with low interest rates. This creates uncertainty but opportunities for resilient investments.



The discussion touches on President Trump's policies, including tariffs and reshoring, which could lead to wage inflation and geopolitical tensions. Rubino warns against the risks of negative interest rates and the potential need for a currency reset, possibly returning to a gold standard.



For investors, Rubino recommends focusing on real assets such as precious metals, energy, and farmland. He suggests dollar-cost averaging in gold and silver and cautious investment in mining stocks, particularly mid-tier and explorers with growth potential. Jurisdictional risks, especially in countries like Mexico, are highlighted as critical considerations.



Rubino also stresses building personal resilience through community ties, skill development, and owning productive assets.



Time Stamp References:0:00 - Introduction0:45 - Framing This Flation3:49 - Oil's Role & Energy Price9:36 - Deflationary Scenarios16:06 - Zero Rates & Q.E.20:35 - Inherited Problems & Trump22:50 - PMs & Tariff Policies27:04 - Oversold Markets29:28 - Gold Fundamentals31:28 - Gold Silver Ratio33:15 - Silver in a Recession?36:20 - Investment Advisors & Metals40:13 - His Focus in Miners45:46 - Take Profit Guidelines48:10 - Mexican Gov't Policy50:53 - Other Opportunities?55:17 - Staying Resilient57:18 - Wrap Up



Guest LinksSubstack: https://rubino.substack.comBooks: https://tinyurl.com/5buyvy6v



John Rubino is a former Wall Street financial analyst and author or co-author of five books, including The Money Bubble: What To Do Before It Pops. He founded the popular financial website DollarCollapse.com in 2004 and sold it in 2022, and now publishes on Substack.

Tom welcomes back Tim Price, Director at Price Value Partners. The discussion begins around the importance of filtering information in today's overwhelming media landscape. He suggests turning off legacy media and instead seeking alternative sources like Substack or Twitter for deeper insights. Price warns against over-financialization and the risks it poses to economic stability, advocating for a return to fundamental principles such as value investing and staying within one's zone of competence.



He highlights the current geopolitical chaos as a critical moment, noting similarities to past crises like the 1930s. Price critiques Keynesian economics, arguing that treating the economy as a machine fails to account for human behavior. He also discusses the collapse of trust in institutions, particularly after events like Brexit and the Trump presidency, which have led to increased skepticism among voters.



Price underscores the role of gold as a reliable store of value during uncertain times, contrasting it with the speculative nature of cryptocurrencies. He advises investors to focus on long-term strategies, avoid getting spooked by short-term market fluctuations, and resist the urge to follow every financial fad.



Price stresses the importance of emotional discipline in investing, referencing stoicism as a key trait for navigating volatile markets. He also touches on the destructive impact of unaccountability among elites, comparing it to historical precedents that led to societal destabilization.



Timestamp References:0:00 - Introduction0:38 - News Cycle Avoidance4:50 - Finding & Filtering Info7:42 - Confirmation Bias12:37 - Economic Ivory Towers19:28 - Sapiens - Yuval Harari22:45 - Repeating Cycles & Problems27:46 - Consequential Times33:06 - Fragility & Chaos Theory35:52 - Multiflation & Bad Economics37:34 - Gold Signs & Revolution42:44 - Rumors & Market Reactions48:00 - Age of Unaccountability50:28 - Wrap Up



Guest Links:X: https://x.com/TimPrice1969Website: https://www.pricevaluepartners.com/War On Cash: https://www.pricevaluepartners.com/war-on-cash/Articles: https://www.pricevaluepartners.com/commentaryTim's Podcast: State of the Markets



BooksTim's Book (Amazon): https://www.amazon.ca/Investing-Through-Looking-Glass-Irrational/dp/0857195360



Book Recommendations:180 Degrees (Amazon): http://tinyurl.com/3vjvpnud



Tim Price has worked in the capital markets for over 30 years. A graduate of Christ Church, Oxford, he spent a decade as a bond specialist before going on to serve as Chief Investment Officer at three separate wealth management firms.



Tim has been shortlisted for five successive years in the UK Private Asset Managers Awards program and was a winner in 2005 in the category of Defensive Investing. He is now co-manager of the VT Price Value Portfolio, a fund investing in Benjamin Graham-style value stocks, and specialist value funds, from around the world. He also co-manages bespoke private client portfolios.



Tim writes for MoneyWeek Magazine and The Spectator, and his weekly commentaries are freely available at the Price Value Partners website.

Tom Bodrovics welcomes back J.E.S. to delve into the complexities of the current economic landscape, highlighting several critical issues. JES begins by challenging the notion that rising job numbers indicate economic strength, arguing instead that they may reflect desperation as people are forced to work due to financial hardship and soaring living costs.



A significant focus is placed on inflation, which J.E.S. explains has not decreased but rather slowed its growth rate. This distinction is crucial, as it clarifies that inflation remains a persistent problem despite appearances of improvement. Additionally, the discussion touches on the Friedman Lag effect, where interest rate changes take time to influence the economy, and their impacts are now becoming evident in areas like the stock market and debt markets.



The conversation also addresses the trap of the debt market, emphasizing the unsustainable levels of personal and national debt. J.E.S. warns that the U.S. could face a default as interest payments escalate, particularly with the national debt at around $37 trillion. Furthermore, the potential domino effect of weaker economies failing before the U.S. is considered, which could exacerbate global financial instability.



J.E.S. underscores the importance of creativity and education in addressing these challenges, advocating for innovative solutions and a better understanding of economic principles. He believes that fostering creativity can lead to groundbreaking answers, while accessible education is essential to empowering individuals to think critically about economic issues.



Time Stamp References:0:00 - Introduction0:42 - Jobs and Economics6:54 - Do Fundamentals Matter?13:16 - Consumers Tapped Out & Jobs16:44 - Rising Rates & Lag Effects27:22 - Currency Dominos & Dollar31:55 - Debt Slaves or Producers40:00 - Differences & Inflections44:55 - Generational Issue & Gov't48:50 - Education & Insanity54:50 - Solutions & Creativity59:28 - Reading Recommendations



Guest Links:E-Mail: [email protected] Book Link: https://tinyurl.com/bdz9eue2Economics In One Lesson - Henry Hazlitt: https://mises.org/library/book/economics-one-lesson