Hour 1 – The USD Impacting Emerging Markets and Metals

May 26, 2018

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We hope everyone in the US has a great Memorial Day long weekend. This show we focus a lot on the USD move up in the past couple weeks and how it impacts other markets. Plus there is a lot to understand about the move up in the dollar. Listen in and please let me know what you think.

Please keep in touch by emailing me at I love hearing about the companies you are all following and the questions you have about the sector!

  • Segment 1: We kick of the show with Bryon King and some “other metals” that have his attention.
  • Segment 2: Dan Oliver, Founder of Myrmikan Capital share his thoughts on the overall financial and banking system in the US.
  • Segment 3: I continue to chat with Dan Oliver but this time focus on the gold sector. We discuss the investors in the market and the main drivers he is watching for.
  • Segment 4: Chris Martenson from Peak Prosperity provides his insights on the emerging markets

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Segment 1

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Segment 2

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Segment 3

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Segment 4

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    May 26, 2018 26:06 AM

    Happy Memorial Day to all and thanks to veterans.

    May 26, 2018 26:25 AM

    Looking Ahead with The Jackass – TF metals report

    It’s another three-day US market holiday weekend so The Golden Jackass, Jim Willie, stopped by on Friday to discuss the present situation and look forward to what promises to be a volatile and unpredictable summer.

    The primary topic that I asked Jim to address was the US dollar. However and as you might imagine, this took us down several different paths and it led to an interesting discussion. Among the topics covered:

    May 26, 2018 26:01 AM

    I liked what Dan said about sentiment and his opinion that the size of the gold market is enormous and individual sentiment is not as important as central banks, etc. His ideas on this subject certainly conflict with people like Bob M. I guess to a certain extent, they both are correct. Anyway, his opinion on the subject is refreshing. He’s also correct about leverage………own it and you won’t be pushed out of it. JMO

    May 26, 2018 26:12 AM

    I find it interesting how widely different sources spread the impact of electric vehicles will have on oil.

    May 26, 2018 26:29 PM

    Chris has a macro view with extends about 1 inch from his nose. Total waste of time.

    May 27, 2018 27:46 AM

    Poloniex Freezing Unverified Accounts: Get Your Funds Out Now If You’re Not Verifying!

    May 27, 2018 27:16 AM

    Cory; you did it again! Thank you very much for a wonderful show. I also viewed some of your moderations from the Cambridge Confrence. Very nice job, buddy 😎👍

      May 27, 2018 27:06 AM

      Thanks Anders! I didn’t realize they posted the panels. I’ll check it out and post them on the site.

      I hope you are having a good weekend.

    May 27, 2018 27:47 PM

    ARV: Comet Well West Conglomerate Gold Update

    May 27, 2018 27:29 PM

    DEG.AX: Shallow High-Grade Gold at Mt Berghaus

    May 28, 2018 28:33 AM

    American Media Blocked in Europe – Posted May 28, 2018 by Martin Armstrong

    The American media companies such as Tronc and Lee Enterprises are now totally dark in European Union countries. Some of those sites include the Los Angeles Times, the New York Daily News, the St. Louis Dispatch, the Chicago Tribune, and the Orlando Sentinel. It appears that various American media have decided to simply block Europe entirely rather than risk that they may publish a story that will inspire GDPR to be invoked on them in retaliation.

    May 28, 2018 28:44 AM

    Day One Brings Complaints in Europe Against Google & Facebook – Armstrong

    It took only one day for complaints to be filed against Google and Facebook under the new General Data Protection Regulation (GDPR). When Mark Zuckerberg testified in front of members of the European Parliament, he insisted that Facebook was ready for Friday the 25th when the GDPR, which is the European Union’s new strict data privacy going into effect. The very first day, complaints against Facebook and Google with others alleging that the tech companies are in violation of the law.

    The GDPR was passed in April 2016 and instituted stringent new rules on any company that held consumer data. The real purpose of this is to prevent mass mailing and targeting people for political purposes. You have people like Clapper now claiming he “personally” believes Russia tipped the election because millions of people saw its propaganda. Of course, Clapper did that to other elections outside the USA besides tapping phones of world leaders including Merkel. The old problem is those in government have always assumed the people are stupid sheep because they have lied to them for decades and gotten away with it. The GDPR is all about trying to prevent real freedom of speech in fear that the people might listen and rise up.

    The complaints target the user agreements of Google and Facebook which are notorious for being long and complicated to ensure people do not read everything before they click agree. Companies like Facebook and Google are supposed to let you know precisely what kind of data they’re collecting and/or selling about you.

    The Facebook owns WhatsApp and Instagram individually as well. The allegations against Facebook and Google claim they are violating the GDPR because they are adhering to the letter of the law and not the “spirit” of the law. That’s what lawyers are for. They alleged that the companies aren’t really offering consumers a choice. You must agree to let Facebook and Google collect enormous amounts of data on you, or you can delete their services. There is no middle ground. It is their way or the highway!

    The GDPR expressly allows any data processing that is strictly necessary for the service. However, using the data additionally for advertisement or to sell it on to other companies requires the users’ free opt-in consent. There has been no change to their policy providing “informed consent” about what kind of data Facebook and Google are collecting. Clearly, they are profiling people gathering information that they do not actually “need” to provide their services. GDPR actually exempts collecting data that is really necessary for providing that service and that does not require consent. Go beyond that and anything else requires a free “yes” or “no” option.

    The real pro at this tactic is of course government itself. The freedom to travel is limited not just by requiring a passport, but you cannot use a car unless you obtain a drivers license. There is no “choice” in this matter. You consent to get a license or you walk. Just about every other registration process involves the surrender of constitutional rights. For example, you have to register with the SEC or CFTC to get a license in the financial world. However, part of that process is you are “waiving” your rights to search warrants and self-incrimination. A regulator need not go to court to come into your office and audit you. So the license is their way or the highway the same policies being imposed and followed by Google and Facebook. We wonder where they got the idea from?

    Both Google and Facebook have stated publicly that they have prepared to be compliant under GDPR. The question turns on their: “you agree or get lost policy”. Both Google and Facebook are in fact adhering to the letter of the law. The GDPR doe not PROHIBIT this policy of consent or get lost. So they are not really in violation. This will be interesting to watch.