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U.S. House set to pass $500 billion in coronavirus relief as unemployment soars

Interview Recap

– Part II with Peter Schiff, head of SchiffGold, Euro Pacific Capital includes key insights on the financial markets.
– The Echo Great Recession could be more intense than the 2008 meltdown.
– Corporate bonds defaults could trigger an unstoppable financial crisis. Unlike a the last financial debacle.
– This time the fallout could be systemic leaving unwary investors with few places to hide especially institutions.
– Peter Schiff is concerned about the debt / leverage in the residential housing market as seen in the echo housing bubble.
– Given the national Case/Shiller S&P Housing index; caveat emptor notes Peter Schiff.
– His chief concern remains the systemic risk in the US dollar and related paper assets.
– The ideal panacea remains gold / silver and related shares as well as non-US investments as safe havens.
– The host remains bullish on the long-term aspects of the cryptocurrency market.
– Peter Schiff encourages investors to book profits in the sector and redirect funds to the PMs.
– Just as Venezuela issued a crypto backed by the national oil supply, Peter Schiff agrees with Chris Waltzek, the cryptocurrency has tangible as well as digital value to the betterment of global society, such as a rare painting.

– Harry S. Dent Jr. outlines his financial market analysis and forecasts including US equities.
– The NASDAQ could soar to 10,000 and the Dow Jones Industrials to 33,000 assuming a US / China trade deal.
– The Federal Reserve Chairman Jerome Powell stunned investors last week with new forward guidance on rates.
– The FFF reflect a possible rate cut as soon as next month, almost 5 months earlier than anticipated.
– The EU’s central bank chief economic Minster, Mario Draghi noting that he would do “Whatever it takes…” to protect the EU financial markets.
– Economists interpreted the comments to mean policymakers will print any amount of Euros necessary to maintain the status quo.
– Harry Dent expresses concern that the traditional US stock market bubble cycle could repeat.
– The resulting bear market sending key share indexes lower by 70-89%.
– New Homes Starts have slowed but not yet declined, suggestive of sustained momentum for the time being.
– Despite the rhetoric of an echo housing bubble, the lower rate cycle could revive demand sending prices skyward.
– $17 trillion in toxic debt remains on the balance sheets of central banks and major money center banking institutions.
– Our guest expects economic collapse and runaway inflation, making gold and related PMs investments absolutely essential.
– The duo both support the idea of holding a modicum core position in a broad basket of cryptocurrencies as a shield.
– Key takeaway: Harry S. Dent Jr. is bracing for what his models suggest could be an abrupt and unanticipated US financial market correction where unwary investors lose 42% in value with little time to react.

The post GoldSeek Radio – June 14, 2019 [HARRY S DENT Jr & PETER SCHIFF] weekly appeared first on Gold Review.

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GoldSeek Radio – June 14, 2019 [HARRY S DENT Jr & PETER SCHIFF] weekly