Bob Moriarty: Welcome to the 4th Turning Crisis Stage
Tom welcomes Robert Moriarty back to the program. Bob discusses the capital destruction that has occurred within both the cryptocurrency and stock markets. He believes crypto is analogous to beanie babies because of the amount of different currencies. Interference in the markets is creating more problems than if the government and Fed had done nothing at all. Weak banks and businesses deserve to fail, but instead we keep moving the goal posts and continue the bad policies. The Fed has painted themselves into a corner and is now putting gasoline onto the fire. We've created forty percent of new money in the past couple of years, and that increase in money supply is causing higher prices. If they raise rates another percent, they will blow up the stock market. They can either crash markets or create hyperinflation. Both are bad choices. We're going to see deflation, then hyperinflation. The debt-based system is ending, but the West hasn't recognized it yet. Economic power will shift eastwards. Most investors in equity market participants are quite clueless and have never experienced a real market crash. Sanctions on Russia have only impacted every country but Russia. Europe is essentially committing suicide. The Ruble after the initial drop strengthened massively, even outperforming the dollar's recent performance. The best currency in the world this year has been the Russian Ruble. If sanctions aren't working, why don't they consider eliminating them instead of begging Putin for gas. He explains why he hates all governments equally. Governments are run by sociopaths who want power. We see this in the Europe, Netherlands and Canada where during a food crisis they are telling farmers they can't grow food. All of which seems to go back to the World Economic Forum. They are intentionally destroying the world economy, but people are waking up. We're in the middle of a giant shift, but one that will surprise the globalists. The choice is freedom or totalitarianism, which we witnessed with the Truckers in Canada. Bob explains the ineffectiveness of the recent health policies and why the cure is worse than the disease. The idea that children are vulnerable to the disease is completely laughable. What is being done is a war crime. The bigger the organization, the worse it gets, and we see this with the abject stupidity like in the European Union. Time Stamp References:0:00 - Introduction0:46 - Capital Destruction3:09 - Fed and Bonds8:08 - Fed Pivot?11:24 - Honest Money14:53 - Metals Sentiment18:13 - Sanction Effects21:44 - Without Rulers24:09 - The 4th Turning25:55 - Ukraine & NATO29:14 - Escalation Risk32:59 - Lockdowns & Control41:06 - Reality Wrap Up Talking Points From This Episode Fed and government incompetence is only fueling the economic fires.Gold's true purpose, that of keeping government accountable.The problems in Europe and the complete failure of sanctions.Dangers from the sociopaths in charge of government. Guest Links:Website: http://www.321gold.comWebsite: http://www.321energy.comBooks on Amazon: https://www.amazon.com/Robert-Moriarty/e/B01A9I4TJU?ref=sr_ntt_srch_lnk_3&qid=1599932580&sr=8-3 Bob Moriarty founded 321gold.com with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind, and nuclear energy. Both sites feature articles, editorial opinions, pricing figures, and updates on both sectors' current events. Previously, Moriarty was a Marine F-4B and O-1 pilot, with more than 832 missions in Vietnam. He holds 14 international aviation records.
From "Palisades Gold Radio"
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