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Thursday Conversation - Willem Middelkoop

51

Our old friend Willem Middelkoop is a commodity fund manager, geo-political analyst and best-selling author. With all that's going on in the world, we were definitely overdue for this conversation.

As with all Thursday Conversations, I asked Will to focus on three primary topics:

  • The US$ liquidity issues and the impact of the surging US debt
  • De-dollarization and the likelihood of a new "Plaza Accord" and/or gold revaluation
  • The historic undervaluation of precious metals and commodities and how a shift in global asset allocation would impact his fund and its investments

But be sure to listen to the entire podcast as we close with a discussion of Hong Kong, the great potential of silver and a mention of the Maine Potato scandals of the 1970s. http://www.newenglandhistoricalsociety.com/the-great-maine-potato-war-th...

Please be sure to check out the site for Willem's fund and, while you're there, you can download a free copy of "The Big Reset", his terrific book that was originally published in 2014. Willem is also a great follow on Twitter.

Thanks for listening!

TF

  51 Comments

TF Metals fan
Oct 10, 2019 - 1:09pm

First!!

A first? It has been a while since I could claim a first. Great to be on the topspot with Willem as guest (he manages part of my portfolio in his fund as well).

SquibLoad
Oct 10, 2019 - 1:22pm

Thanks Turd!

Willem Middelkoop is a favorite!!!! Love this guy!

Oh yeah ... Silver!

vonburpenstein
Oct 10, 2019 - 1:54pm

What do you guys think...

...About this thread?

1/ What happens when the Fed buys up every ounce of bad debt and absorbs it onto its balance sheet?

The currency gets devalued, because it is backed by nothing.

Once the currency gets devalued, the debt on the Fed's balance sheet gets devalued, and is essentially forgiven.

— VεριταςVιταλ (@VeritasVital) October 10, 2019
Oct 10, 2019 - 1:57pm
vonburpenstein
Oct 10, 2019 - 2:00pm

I'm sorry but I'm not buying it

Makes it sound like the old "Trump is playing 4-D chess" thing.

Maybe he is and I'm dead wrong. We'll see...

Island Teal
Oct 10, 2019 - 2:37pm

5th....left 4th for Marchas

Looking forward to listening to this.....

silver10sguy
Oct 10, 2019 - 2:38pm

VeritasVital Reminds Me of a Q Post

The Q posts over the past two years have occasional references to gold. One particular one which I can't remember out of 3,600 plus states something like "Gold will kill the FED."

vonburpensteinsilver10sguy
Oct 10, 2019 - 3:02pm

I had seen...

...that as well. Just a bunch of chatter likely...

HistoryStudent
Oct 10, 2019 - 3:12pm

Amazing and very good common sense showing the COMMODITY BOTTOM

This was a great interview. Thank YOU

LOTS of metals are very undervalued because of the paper games and hidden PPT funds.

Those with EARS TO HEAR should easily BENEFIT....

Marcus
Oct 10, 2019 - 3:49pm

Nothing happens by accident

...in the world of central bankers.

So, Mark Carney dropped a steamer at Jackson hole by saying the US dollar is soon to be toast, and everyone was surprised? Bullshit. It was a planned steamer, just like Mr Middelkoop alluded to in this interview, to send out the message that it's time for the well connected crapitalists (crony capitalists) to get out of Dodge.

Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

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Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

Key Economic Events Week of 1/6

1/7 8:30 ET US trade deficit
1/7 10:00 ET ISM Services PMI
1/7 10:00 ET Factory Orders
1/8 8:15 ET ADP employment
1/9 8:00 ET Goon Chlamydia speech
1/9 1:20 ET Goon Evans 2:00 ET Goon Bullard
1/10 8:30 ET BLSBS
1/10 10:00 ET Wholesale Inventories

Key Economic Events Week of 12/16

12/16 8:30 ET Empire State Manu Idx
12/16 9:45 ET Markit flash PMIs Dec
12/17 8:30 ET Housing Starts and Bldg Perms
12/17 9:15 ET Cap Ute and Ind Prod
12/19 8:30 ET Philly Fed
12/20 8:30 ET Final guess Q3 GDP
12/20 10:00 ET Pers Inc and Spending
12/20 10:00 ET Core Inflation

Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
12/12 8:30 ET PPI
12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
12/13 11:00 ET Goon Williams speech

Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
12/2 10:00 ET ISM Manu PMI
12/2 10:00 ET Construction Spending
12/4 9:45 ET Markit Services PMI
12/4 10:00 ET ISM Services PMI
12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
12/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 11/25

11/25 8:30 ET Chicago Fed Nat'l Idx
11/25 7:00 pm ET CGP speech
11/26 8:30 ET Advance Trade
11/26 9:00 ET Case-Shiller home prices
11/26 10:00 ET New home sales
11/26 10:00 ET Consumer Confidence
11/27 8:30 ET Q3 GDP 2nd guess
11/27 8:30 ET Durable Goods
11/27 9:45 ET Chicago PMI
11/27 10:00 ET Pers Inc & Cons Spndg
11/27 10:00 ET Core inflation
11/27 2:00 pm ET Beige Book

Key Economic Events Week of 11/18

11/19 8:30 ET Housing Starts & Bldg Perms
11/20 2:00 ET October FOMC minutes
11/21 8:30 ET Philly Fed
11/21 10:00 ET Existing Home Sales
11/22 9:45 ET Markit November Flash PMIs

Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

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