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TND Podcast Spotlight: Welcome To Dystopia #16
Jason Burack of Wall St for Main St and managing editor of The News Doctors and independent analyst and financial journalist, Eric Dubin are back for episode 16 of the Welcome to Dystopia podcast.
Jason asks Eric about the price action in gold and gold stocks. Eric believes the bull market in gold is back and it’s very bullish that the gold chart has witnessed the 50 day moving average cross over the top of spot gold’s 200 day moving average because it will help further the piling-on by paper traders accumulating positions in tandem with an already strong physical market. We’re witnessing a “managed retreat,” and Wall St managed money is starting to move into gold, from stocks, bonds, etc.
On the global macro front, Jason and Eric discuss increasing evidence that the global economy slowing down. We also continue to see former high level bankers and policy makers serve-up sober and surprising analysis. The latest: former Bank of England head Mervyn King blamed Europe’s economic travails on deliberate policy choices made by EU elites. This comes as Alan (‘don’t blame me’) Greenspan was flapping his lips this week; see Eric’s recent article, “Greenspan On Market Turmoil And Monetary Policy Distortions Impacting Markets, Business Investment And The Real Economy; Admits ‘Too Big To Fail’ Banks Ongoing Problem.”
Jason and Eric also discuss how Venezuela is going through hyperinflation now, and a collapse of their government and society is underway.
Scumbag Nominees for this show:
1) George Soros for his op-ed in the Guardian blaming Russia and Putin for the European immigration crisis. For further context, see: “Soros (Seriously) Underestimates His Audience By Blaming Putin For EU Refugee Crisis,” by Robert Bridge (click here).
2) Warren Buffett for his recent economic propaganda he put out in his annual shareholder letter. Warren claims the US economy is doing well, kids will have a great life and that all social security payments will be made, no problem.
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