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Interview Recap<\/p>\n
\u2013 Part II with Peter Schiff, head of SchiffGold, Euro Pacific Capital includes key insights on the financial markets.
\n\u2013 The Echo Great Recession could be more intense than the 2008 meltdown.
\n\u2013 Corporate bonds defaults could trigger an unstoppable financial crisis. Unlike a the last financial debacle.
\n\u2013 This time the fallout could be systemic leaving unwary investors with few places to hide especially institutions.
\n\u2013 Peter Schiff is concerned about the debt \/ leverage in the residential housing market as seen in the echo housing bubble.
\n\u2013 Given the national Case\/Shiller S&P Housing index; caveat emptor notes Peter Schiff.
\n\u2013 His chief concern remains the systemic risk in the US dollar and related paper assets.
\n\u2013 The ideal panacea remains gold \/ silver and related shares as well as non-US investments as safe havens.
\n\u2013 The host remains bullish on the long-term aspects of the cryptocurrency market.
\n\u2013 Peter Schiff encourages investors to book profits in the sector and redirect funds to the PMs.
\n\u2013 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.<\/p>\n
\u2013 Harry S. Dent Jr. outlines his financial market analysis and forecasts including US equities.
\n\u2013 The NASDAQ could soar to 10,000 and the Dow Jones Industrials to 33,000 assuming a US \/ China trade deal.
\n\u2013 The Federal Reserve Chairman Jerome Powell stunned investors last week with new forward guidance on rates.
\n\u2013 The FFF reflect a possible rate cut as soon as next month, almost 5 months earlier than anticipated.
\n\u2013 The EU\u2019s central bank chief economic Minster, Mario Draghi noting that he would do \u201cWhatever it takes\u2026\u201d to protect the EU financial markets.
\n\u2013 Economists interpreted the comments to mean policymakers will print any amount of Euros necessary to maintain the status quo.
\n\u2013 Harry Dent expresses concern that the traditional US stock market bubble cycle could repeat.
\n\u2013 The resulting bear market sending key share indexes lower by 70-89%.
\n\u2013 New Homes Starts have slowed but not yet declined, suggestive of sustained momentum for the time being.
\n\u2013 Despite the rhetoric of an echo housing bubble, the lower rate cycle could revive demand sending prices skyward.
\n\u2013 $17 trillion in toxic debt remains on the balance sheets of central banks and major money center banking institutions.
\n\u2013 Our guest expects economic collapse and runaway inflation, making gold and related PMs investments absolutely essential.
\n\u2013 The duo both support the idea of holding a modicum core position in a broad basket of cryptocurrencies as a shield.
\n\u2013 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.<\/p>\n
The post GoldSeek Radio \u2013 June 14, 2019 [HARRY S DENT Jr & PETER SCHIFF] weekly<\/a> appeared first on Gold Review<\/a>.<\/p>\n<\/p>\n