On with Greg Hunter

Interviews on Super Bowl Sunday are usually reserved for presidents and otherwise important people. Thus, it should be no surprise that we have a new segment with Greg Hunter for your pregame viewing.

Here's the summary from Greg's site:

Financial writer and precious metals expert Craig Hemke contends there is no mystery why the dollar is going down in value. Hemke explains, “You’ve got the Fed wanting a lower dollar.You’ve got the President of the United States wanting a lower dollar and, lo and behold, the dollar is going down.  It was a year ago, about this time, when the predominate story was “king dollar.”  The dollar was going to soar and all this kind of jazz.  Last year (2017), it looked like it was breaking out, and it got to 103 (on the USDX).  Instead, it fell by 10% and, so far this year, it’s already down about 3%, and here we are just in early February.  It’s not straight down.  It’s probably not going to plunge in 2018 as fast as it rose in 2014, but anyone can take a look at a chart and see it’s going down.  This has significant implications for this year and going into next year.  If it was disinflation on the way up, it will be inflation on the way down.”Hemke thinks commodities are undervalued and cheap relative to stocks, which just had the biggest one day sell-off in years. Hemke contends, “$15 trillion worth of QE has been applied, $15 trillion worth of currency created in the last 8 years. . . . So, there are trillions and trillions of dollars that are sloshing around the planet, and when they all head in one direction, you get things like Bitcoin.  If all of this money starts to head into commodities due to a falling dollar and recognition of inflation, commodities are going up, as is crude, as is silver.  I think it would be wise of people to position themselves ahead of it. . . . The commodities sector will rebound on the sinking dollar.”

Hemke says the dollar is not just facing technical forces of devaluation, but it also faces some political risk. The dollar is basically a confidence game, and if people lose confidence in the U.S., the dollar can take a sharp beating.  Hemke says, “This is something we are going to be talking about all year.  I call it the three major themes for 2018. . . . Political risk. . . . Geopolitical risk . . . and de-dollarization.  You can see how these pieces fit together. . . . This could get more disorderly than it was in 2008. . . . The point of this forecast is not to sit here and say gold is going back to $1,900 (per ounce) by this time next year and then going to $5,000.  What I am trying to say is people need to recognize an opportunity when it presents itself.    We have had to sit and put up with this garbage for the last five years with prices getting continually pounded, rallying and then getting beaten back.  Now, you can see on the chart, and not just gold, it’s silver, it’s crude oil, it’s copper and all these other commodities . . . There is an opportunity here for people who want to take advantage of it.”

Thanks for listening.

TF

 

42 Comments

silver66's picture

First

to download and listen to as I go shovel a foot of snow

enjoy this superbowl sunday

silver66

Marcus's picture

2nd

I always root for the underdog. I'll give this Superbowl to the Eagles (Tom Brady has been with the Patriots for 13 years, and since I'm a bit superstitious concerning the number 13...).

Terp's picture

Nice!

Awesome - the video just popped up on my recommended list on YT =)

Listening now!

Jihk2431's picture

Turd went Mr. Rogers in this interview

Love the sweater.  Also, love how you teased Greg on his opening of the interview....I love your sense of humor man.

Great interview and agree 100% on commodity bull that is coming.

Golden Turtle's picture

But if thou do that which is evil, be afraid

 

beermug 

Romans 13:1-7 KJV] “Let every soul be subject unto the higher powers. For there is no power but of God: the powers that be are ordained of God. Whosoever therefore resisteth the power, resisteth the ordinance of God: and they that resist shall receive to themselves damnation. For rulers are not a terror to good works, but to the evil. Wilt thou then not be afraid of the power? do that which is good, and thou shalt have praise of the same: For he is the minister of God to thee for good. 

But if thou do that which is evil, be afraid; for he beareth not the sword in vain: for he is the minister of God, a revenger to execute wrath upon him that doeth evil. Wherefore ye must needs be subject, not only for wrath, but also for conscience sake. For for this cause pay ye tribute also: for they are God's ministers, attending continually upon this very thing. Render therefore to all their dues: tribute to whom tribute is due; custom to whom custom; fear to whom fear; honour to whom honour.”

Psalm 94
1 The Lord is a God who avenges.
O God who avenges, shine forth.
2 Rise up, Judge of the earth;
pay back to the proud what they deserve.
3 How long, Lord, will the wicked,
how long will the wicked be jubilant?

4 They pour out arrogant words;
all the evildoers are full of boasting.
5 They crush your people, Lord;
they oppress your inheritance.
6 They slay the widow and the foreigner;
they murder the fatherless.
7 They say, “The Lord does not see;
the God of Jacob takes no notice.”

8 Take notice, you senseless ones among the people;
you fools, when will you become wise?
9 Does he who fashioned the ear not hear?
Does he who formed the eye not see?
10 Does he who disciplines nations not punish?
Does he who teaches mankind lack knowledge?
11 The Lord knows all human plans;
he knows that they are futile.

12 Blessed is the one you discipline, Lord,
the one you teach from your law;
13 you grant them relief from days of trouble,
till a pit is dug for the wicked.
14 For the Lord will not reject his people;
he will never forsake his inheritance.
15 Judgment will again be founded on righteousness,
and all the upright in heart will follow it.

16 Who will rise up for me against the wicked?
Who will take a stand for me against evildoers?
17 Unless the Lord had given me help,
I would soon have dwelt in the silence of death.
18 When I said, “My foot is slipping,”
your unfailing love, Lord, supported me.
19 When anxiety was great within me,
your consolation brought me joy.

20 Can a corrupt throne be allied with you—
a throne that brings on misery by its decrees?
21 The wicked band together against the righteous
and condemn the innocent to death.
22 But the Lord has become my fortress,
and my God the rock in whom I take refuge.
23 He will repay them for their sins
and destroy them for their wickedness;
the Lord our God will destroy them.

link to image: http://www.billfrymire.com/gallery/webla...al-law.jpg

OOOBuck's picture

Turtle - it's time to rest

Turtle, I think you're feeling good about yourself right now but you will soon become exhausted and with that will come depression.  Please don't wait for that to happen.  It's time to take your meds.

infometron's picture

@OOOBuck

If history is any guide, we're just going to have to let this play out. GT will be around for another couple of weeks before withdrawing back into his shell for another year. Somewhat akin to Marshall Swing on SilverDoctors... Speaking of which:

https://www.silverdoctors.com/gold/gold-news/marshall-swing-global-economic-collapse-july-20-27-2018-part-i-the-calculation-and-significance/

That might keep him occupied for a while

abguy4's picture

Super good 10 min video. It

Super good 10 min video. It says soooo much, I had to keep pausing it, he goes so fast.

How is Wall St and da Banks gonna solve this one???

IF car sales tank, what's gonna happen to Commodities???

OBTW, second 5 min is on Consumer Staples sector

Angry Chef's picture

abguy4...." How Is Wall St. and the Big Banks Gonna Solve...

....This One ?

Easy...bail in everyone's Bank and Trading accounts. Or print to infinity and hyper inflate.

AGXIIK's picture

$6000 of old auto debt rolled into new car debt every time

someone buys a new car.  

Mmmmmm.    

New car smell; narcotic in its effect, like a sexy woman's cologne,  with BBQ on the grill and squeezin' from a feral civit cat panty liners.

Lasts just long enough to get you off the lot and far enough down the road before you realize that you paid more for that new full loaded F250 Super Duty Crew Cab with 15,000 lb towing capacity and 550 HP from a 6 cylinder supercharged mill, more than your first, second or third house combined.  

But it's new and it smells so goooooood.  It's a sexy beast.

Who cares about that $90,000 loan that's so upside down it makes my FICO score look like something that fell off Muffy's Cirque De Soliel high wire act.

Maybe if you drive fast enough you can keep just far enough ahead of Dawg the Bounty Hunter,  lookin' to make you the star of his new TV reality show

REPO TV.

24 hour live feed of Dawg chasin' after your dead beat ass;  lookin' you up, hookin' you up and takin' your new ride to the impound lot.   He's got 'stick' bloodhounds trained to follow new car smell 'cross 3 states. You can run but you can't hide.

But Dawg knows your pain. You git a one way Grayhound bus ticket back to your POS single wide parked on the side lot in Ferntuckey Nevada, right down the road from the Love Ranch brothel.

When the car biz shits the bed, and you know it is cuz,  cuz the fat boys are droppin' trou and headin' for the porta potty, just line on up at the repo lot.  You can git a brand new F250 with all the whiz bang gizmos for the price of a pizza and a few gold coins.  New car smell is $200 extra.  

Happy with my F 100.  

When the student is ready at high tide, the fish will serve the ants.

An old Detroit saying

infometron's picture

@AGXIIK

"squeezin' from a feral civit cat panty liners"?!

Wha!? Don't want to know! LOL!

Golden Turtle's picture

We will see...

Hopefully nothing happens in the next 24-48 hours, but it very well could. I would put the odds of some major war breaking out relatively shortly are pretty high.

We have entered a new stage. Once again the world has changed. This one will be more apparent than the last.

The Neo-liberals have already more or less been destroyed. Now it is time for the Neo-conservatives to find the ax waiting for them. This will lead to the highest echelons of power. They must be defeated. It could be close. 

I do not know why a lot of you always get your panties tied up into a knot when I start posting here again. What am I saying that is so crazy to you? 

To be prepared? That gold and silver will not save you? Ive merely said that a strong supportive group of friends will be the most important part of surviving anything that could happen. If you do not have this now, build one. If something doesn’t happen, this advice will still be good for people out there who have not done this... 

Bollocks's picture

Inflation masked with Shrinkflation

Over the last 4 years...

Sizes shrink, price remains the same...

But, but, but, there's NO inflation. Everything is awesome.

http://www.bbc.co.uk/news/uk-42864685

SteveW's picture

@info

Think AG meant civet, either in reference to coffee or perfume.

Danforth Coxwell's picture

OT

Interesting story on Zerohedge this afternoon. The article states that Turkey may fire on U.S. troops IF they encounter  them while in Turkey. If I may suggest, you could not make the story up even if you tried.

Please give the story a read!

onesong's picture

It's not how you begin the week...

oh how I wish this was next Sunday. I am truly worried for us this week! I sure hope and pray we make it through this week.

Don't remember who said that they threw in the towel last week and bought the FANG's... and then look what happens. 

I'm starting to think I like hearing about worse case scenarios then future predictions. I remember last year when Turd said we might go down to 17.40 in silver and my heart sank at the time. Then Turd started talking about highs coming in the forth quarter and my heart sank again. Now when I hear talk about highs coming this year AND 2019, I feel my heart bottoming out.

I usually pay my 7k property taxes in November but I thought I'd use all capital for optimum gain. Now I'm down 7k since going back all in October 6th.

I'm still sticking to my April Fools exit of the miners but I'm so nervous about losing even more. Two more months of this torcher for me and it will all be all over one way or the other. How do I know... in the past when I tried to play the wash/rinse cycle and I'm half out, I sleep really well. So I know come April Fools Day I will either be relieved or prices will have gone way up and I'll have to stay in the miners and go back to the... Let's see what next week brings. My heart just sunk.

Oh I see it's almost time for the open. Let's see what the first card indicator is... silver up/gold down... figures, now what?

Angry Chef's picture

The American Experiment Has Failed

Karl Denninger commentary...

http://market-ticker.org/akcs-www?post=232911

Blackwatersailor's picture

The General public

I believe the general public is becoming aware/learning to hate the large banking interests.  Mr. Trump has a grudge with the big banks.  They severely cut his money during his escapade into atlanta.  Even though it was his own fault/ inability to manage large scale gambling interests.  His personality prevents him from believing he was at fault.   Recently he has been allowing the big corporate banks whatever they want.  I suspect he is paying out rope for them to hang themselves on.  You don't hang a picture of Andrew Jackson over your shoulder in the Number one place where photographs are taken (Oval office) unless you believe you have adjoining interests.  This is very like how he operates.  A not so subtle  heads up.  Let the group overstep to the point where he has general approval to hammer them in the ground.  In a very public manner.  As long as he can get public approval, as he needs that like a junkie looking for his next hit.  Go back and watch his tv series.  Watch how he acts.  Sets them up for failure, waits until everybody agrees the individual is useless, then hammers them flat, and then stands back and soaks up the approval.  See dad, I had no choice but fire them.  Also don't forget Mr. Trump despises any control over his person.  Now that he is in the most perceived power position his nature cant allow any group to push him around without pushback.  Does anyone believe he's a soft hand, gentle hugy type person or a vicious stab you in the face until you fuckin die type.  

The banks are going to get the blame as we move forward in time.  How bad it will get I really don't know.  Wouldn't surprise me at all to see some hung from lamp posts.  Happened to more than a few banking families in Venezuela.  I honestly believe there is a direct correlation between how much money you make and stupid insular beliefs you create.  I'm too important to do without.  I'm irreplaceable.  I'm better than everyone else.  These type of thoughts are the type that will get you killed in the future.  The fruit that stands above the rest is the first one plucked from the vine.   

SteveW's picture

Nunes memo

https://www.zerohedge.com/news/2018-02-04/nunes-memo-details-weaponization-fisa-court-political-advantage

Apart from the details of this specific case what stands out is that the secret FISA court is really akin to a Star Chamber that has no oversight or protection and follows along with whatever authority petitions.

https://en.wikipedia.org/wiki/Star_Chamber

Plus ca change plus c'est la meme chose.

SteveW's picture

Fisa court judge

could bring contempt charges against Comey, McCabe.

http://dailycaller.com/2018/02/02/gohmert-jail-comey-ohr/

but then the particular "secret" judge would be revealed.

chocolatechiphorses's picture

Larry Summers - LOL

Janet Yellen completed her term with unemployment much lower than it was when she began, inflation low closer to target than when she began, and with the financial system better capitalized and more liquid than the one she inherited. What more can anyone ask from a Fed chair?

Twitter @LHSummers

Replying to

How about paying Granny just a LITTLE BIT of interest on her savings, you heartless SOB?

lakedweller2's picture

Yellen

What more can we ask...

Truthful, honest economic data

Audit of the Fed

Restructure of the member banks

Criminal confessions and plea agreements with jail time,

as a start

OOOBuck's picture

This time the WMDs are in Syria !!!

Following a well-established script, anonymous U.S. officials are making unsubstantiated claims about weapons of mass destruction – this time in Syria – while the media fails to ask tough questions
https://consortiumnews.com/2018/02/04/wmd-claims-in-syria-raise-concerns-over-u-s-escalation/

Markedtofuture's picture

Bitcoin 2018, BEWARE the following Months Let' Not Forget SILVER

Gold 2020 Forecast

Published on Feb 2, 2018

SUBSCRIBE 13KSubscribe Subscribed Unsubscribe

The Elite will continue to Attack Bitcoin in 2018 and the crashes will be more severe than those of 2017. Hang on for an incredible ride to $100,000+ in the years ahead. But let's NOT forget about SILVER in 2018, watch video for more info... Cryptocurrency Index Reports: https://www.gold2020forecast.com/prod... Gold Turn Date Reports: https://www.gold2020forecast.com/prod... For more information on BITCOIN and GOLD visit our webpage http://www.gold2020forecast.com

lakedweller2's picture

Philly

Down goes Frazier!!!

Lugnut's picture

Eagles

Now Turd has to settle up with Eric.

AGXIIK's picture

A couple of thoughts that echo Craig's sentiments and a couple

more that reflect Mauldin and Daniel McWilliams.  This is a much shortened version as UST 2, 5, 10 and 30 year USTs rise rapidly

The Fed is doing QT to the tune of $50 billion a month   $600 billion a year taken up from the money supply

The US government is running a deficit of at least $1 trillion a year at this moment.  $1 T taken from money supply

2 year treasury yield is now above the S&P dividend rate, drawing out of the stock market to safe yields.

$3-4 trillion USTs will require roll overs. The expected rate must be well over 2% to get bids, drawing from the money supply

Rising interest rates drop bond values quickly at the far end of the yield curve. Rates are now   30 yr UST 3.11%  10 yr 2.85%

Capital moving from the stock markets will seek higher yields than offered by UST due to perceived risks, forcing rates up.

A dropping US dollar will hasten the pace of these events and rate increases.

Several trillion in corporate high yield bonds will require refi in the next 2-3 years, forcing the HY bonds into higher rates

This will devalue all bonds as many, including UST,  could easily go  No Bid.   Bond rent seekers will demand higher rates

The UST bonds could easily find No Bid without higher rates,  including 10 Yr UST retracing to 5%, its 210 yr mean

UST 10 year could overshoot that 5% mark, moving to 6.5% or higher.  This will prove disasterous with $25 T in US debt.

All funds used in the market casinos will flood to bonds, seeking safety but will do so at a price, demanding higher rates

Funds will seek safe harbor in commodities as the only assets with real value while bonds value drops due to higher rates

The stock market will plummet as the race to exits moves faster than anyone can sell their positions and exit margin calls

A fear factor liquidation event could temporarily depress the price of commodities as they are sold to meet margin calls

Gold and silver will soon  see a restoration to real value levels in spite of every effort to restrain their rise. 

Attempts to contain gold and silver prices will capitulate to lack of supply and overwhelming demand

Manipulators run out of tricks to suppress prices, all the while trying to save their collapsing banks and trading desks.

We saw this in the eras  from 1973-80 and 2008-11.

The final spikes in PM values took place in a very narrow time span, barely 36 -120 days and look like a rhino horn.

Rates will drive $230-250 trillion in debt.  This is the only really big play in the world over the next year or two and it is inevitable.

It will drive everything in the world to it's real value.   In many cases that will be zero.

I don't know how cryptos will fare because they're a new paradigm.

But I do know many assets classes will be shattered, as they've been shattered dozens of times in the past

Gresham's Law meets its Minsky Moment.

Keep stackin' while silver is cheap.

Mickey's picture

AGIXX

pretty good;

for giggles, add in the higher rates will finish off the auto business and will not be helpful to housing nor the mortgage lenders. 

Banks will lose the gravy train spread between their cost of month and the 29% on credit cards, plus all the write offs coming.

Now, interest rates. Lets say rates pop to 10%-not unheard of as in 79 they went double digit. Business slows down and we have a recession depression if you consider the true inflation rate would put us at contraction in units.

However now with tax revenues in a couple of years at say under 3 trillion, and debt at 25 trillion because soo much debt has been short term our average rate moves up quickly so we are paying around 1.5-2.0 trillion in interest in just a few years. 

And we cannot borrow 3 trillion new a year as no country is big enuf to handle it and retirement funds wil be creamed to not much left there. 

we are digging the deeper hole and not stopping . 

Mickey's picture

Furthermore

The CBO is trying to change the govt reporting to focus on GAAP accounting, thats where we report a $7 trillion loss due to accruals for the entitlement and welfare programs. The administrations and Congress  like budget deficits which were around 600 billion a year and less than the negative cash flow of 1.2 trillion a year becasue. Because.

In addition, as the CBO stated, programs like oBamacareonly go out 10 years for the forcast.

In the case of Obamacare. the first 3-4 of the 10 years were actually positive as taxes were levied and cost reductions were mandated in medicare. The big costs were back end loaded so for the ""10"" years the forecasted cost was under a trillion so for a littel less than 100 bilion a year how could we not pass obamacare. 

As I understand it The unfunded lianilitynow includes $10 trillion , which is about $65k of reach taxpayer in the county. 

Hows that for not costing one thin dime and the guy gets away scot free.  That 10 trillion does not include the existigtaxpayer cost for medical devices and for the 3% tax levied around 2012, nor does it factor in the increase premiums for too many people.

We have a very very dangerous government.

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