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Tuesday Conversation - Brent Johnson of Santiago Capital

CEO, Portfolio Manager
Santiago Capital
112

Following Monday's podcast with Luke Gromen, I thought it would be fun to next visit with our old friend (and fellow Cornhusker), Brent Johnson. For this discussion, Brent and I cover several of the same topics as yesterday while incorporating Brent's unique perspective on the markets.

So for this podcast, Brent and I begin with the same Krugman tweet that Luke and I discussed yesterday:

Repeat after me: debt is money we owe to ourselves. It doesn't make the nation as a whole poorer. https://t.co/yyAkexUV0N

— Paul Krugman (@paulkrugman) May 22, 2020

From there, we discuss:

  • the liquidity-driven necessity of QE∞
  • the impact of an official yuan devaluation
  • global demand for dollars driving its relative value higher
  • whether QE∞ will ultimately be inflationary
  • the possibility of global stagflation
  • and quite a bit in between

Many thanks to Brent for being so generous with his time. I think you'll find this podcast to be extremely interesting and thought-provoking.

TF

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cashonly
Jun 2, 2020 - 12:38pm

SilverSeeker & Dr J

SilverSeeker, I was going to say your a lucky man to have such a wife but then again that would overlook your intelligence in educating her. I wish I was as lucky.

DR J - Shotgun time! a simple 12 gauge, pump action will do more than a 9mm. Pistol is good for concealed carry, Shotgun for home protection!

I went to pickup another handgun I purchased off of Gunbroker. HK P2000 9mm V2 - LEM trigger. It was sold as used but looks brand new but I ran into a problem. My FFL is buried, buried to neck in business. He works out of his house and is also a gun dealer. In the 25 minutes I was there he took 7 phone calls for people looking to buy a gun. Once he submitted my info to the FBI for vetting there is always a temporary hold on me and then it is vetted. This may be a name or SS # cross-up and usually within 5 minutes I am good to go. Last night, not so much. I left around 2:30pm and am still waiting to clear for pick up. The amount of background checks is staggering!

WinderKMAC
Jun 2, 2020 - 12:36pm
murphymotown
Jun 2, 2020 - 12:33pm

reintro?

Most long time residents of TFMR are familiar with Grant William's presentations. I believe this one, Cry Wolf speaks to it.

His takeaway is, a reintroduction of gold into the system is not chosen. It is forced upon the sovereign players when confidence is lost in ALL the paper currencies. Russia and China sovereigns are no more in favor of it than the Fed, the EU or London imo.

Gold had been the apex predator for centuries until it was removed from the "park" in 1971.

At the very least, check out the last 5 or 10 minutes.

The Fall Of The US Dollar: Is The Return To A Gold Standard Inevitable?
KMAC
Jun 2, 2020 - 12:30pm

Total control still

With everything going on it makes total sense for gold and silver to have a steep selloff. Who cares about safe havens when we have riots in our streets, deadly virus with no vaccine in sight, debt and deficits as far as the eye can see, China trade war, stock market manipulated to all time highs with unemployment at 20%, inflation ready to take off. Of course the FED gets top billing, they are in total control along with the BBanks of manipulating everything in sight. Today is just our turn for trying to break out above resistance. Some days I wonder if I will ever see these crooks busted.

mrcic
Jun 2, 2020 - 12:30pm

"markets"

LOL.

Free and fair price setting mechanism in action. Wouldn't it be great to know what their intended price target is a full 24 hours before. Certainly they know it and share this with their bwanker friends.

I find it hard to believe none of the goons' minions goes "rogue" and puts in some kind of short term options to make money on the side. It would be in some indirect markets that would not be easy to link to the COMEX, I would think, so that the boss wouldn't get upset.

c1092227
Jun 2, 2020 - 12:27pm

So tired of this manipulation

So tired of this manipulation. Up big time on all my positions, so from that point it's all fine for me. But look where we are now with silver still near freakin' $18 . Extremely sick manipulated markets. Going to blow up in the near future think, but boy am I done with this bs.

With propoganda about reopening the economies and recovery, we could see more brutal and absurd smashes in the metals markets. Always good to leave enough cash on the table for those kind of events, but boy can we please not go all the way back to $16 silver or something.

After all what would we expect with silver almost breaking above $18.50.

Orangegoldcom
Jun 2, 2020 - 12:25pm

MMS

You can read about MMS from the inventor. By the way, a former gold geologist.

https://jimhumble.co/

Here is a link to the Red Cross using it to cure malaria patients. Most with the first dose, all of them if they needed a second dose.

The Red Cross starts at the 3.25 mark.

H8Fiat
Jun 2, 2020 - 12:25pm

Looting is legal

Clearly the banks got the memo this AM. Looting of Ag is legal. I believe:

  • Looters caught forfeit all future gov benefits
  • Looters that were let out of jail get replaced by the judge who let them out, same sentence
  • Looters make full restitution to owners +match same in cash
  • BB's not have physical metal / contracts to back up sell orders loose license. CEO's of said BB's are fined cost of contracts +100%
  • CFTC "your fired"

"No quarter"

H8

scoremore
Jun 2, 2020 - 12:21pm
AGXIIK
Jun 2, 2020 - 12:15pm

This is tooooo perfect. He who blames first blames best

Cuomo, NY Gov, just came out blaming DeBlasio and NYPD for their calamitous ineptitude. Good job Rat Face. True to form. Blame others for your inept actions. Reminds me of the blame game and power games that erupted over Stalin's death bed. Beria lost big time.

Typical of lefties, commies, socialists, progressives and fascists. He who blames first blames best, setting fellow traveler back on his heels, ready for a coup de ville strike to the neck.

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