Money Is Being Flooded Into The World

There's gigantic amounts of money being flooded into the world by central banks and governments. Therefore markets are happy right now. 

This is all going to end very badly when it ends but at the moment it's great. 

If you give me trillions of dollars we will have a very good time I promise you. But of course I don't know how long the good time will last but while it lasts we're going to be really, really happy.

Gold: Weak Hands Being Shaken Out

Peter Schiff's update on the precious metals markets: 

"Gold is getting hammered. It's down $40 per ounce, trading back below $1,800. Silver is down $75 cents per ounce, back below $26. Despite extremely bullish fundamentals and news the big guys are determined to teach the little guys a lesson by shaking them out of the market." 

Gigantic Debts Are Being Built

 Right now, most politicians including in the United States say, no we should not be concerned about the budget deficit, we must be more concerned about taking care of people who are not working or companies that need help. 

That is a good argument but the debt that is being built up is going to be staggering. It is not good to be a young person now because young people are going to have a huge debt to pay off. If I were in charge I would not go spend this gigantic debt. 

Emerging Markets: Always Excited About India

I’m always excited about India.

I’m very excited to see that India is opening up agriculture.

India has needed that for decades.

Bitcoin: Ray Dalio & Elon Musk

Interesting take from Peter Schiff on Bitcoin, Ray Dalio and Elon Musk,

"If Elon Musk or Ray Dalio intended to buy Bitcoin they would not announce it to the world in advance. They clearly know the effect such an announcement would have on price. So either they already bought all the Bitcoin they want to own, or they are unlikely to actually buy any."

--Peter Schiff

Jim's First Trades

 

Jim Rogers tries to remember his first trade and describes his early experiences on Wall Street. 

Currencies: Turmoil Will Benefit The US Dollar

 

I own a lot of US Dollars at the moment. 

The United States is the largest debtor nation in the history of the world and it's getting worse every day so you probably should say well, why do you own US Dollars? 

I own them because we're going to have more problems, turmoil in the world later this year or next year. 

During times like that people always look for a safe haven. They think the US Dollar is a safe haven. It's not but they think it is for historic reasons.

So, the US Dollar will go much higher and it might even turn into a bubble. It'll certainly get overpriced at which point i'll have to sell my dollars.