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Partial Transcript beneath; full transcript right here: http://fmtblog.com/?p=12836
FutureMoneyTrends.com: Greetings and thanks for becoming a member of me at FutureMoneyTrends.com I’m right here with Andy Hoffman, director of selling for Miles Franklin. He is a chartered monetary analyst and any individual with a protracted historical past of expertise within the monetary markets. Andy, thanks a lot for becoming a member of us
Andy Hoffman: Always a pleasure to be right here, Daniel.
FutureMoneyTrends.com: Andy, earlier than I began our interview I simply needed to let our members know, and anybody who’s listening to this interview, you’re providing for proper now, for anyone listening to this, a $1000 buy or extra free transport on Gold, Silver, Platinum, and Palladium. Is that right?
Andy Hoffman: Absolutely, any order above $1000
FutureMoneyTrends.com: Awesome, thanks a lot. Alright, properly Andy let’s begin off with Janet Yellen. She’s going to be our new Federal Reserve Chairman. I’ve seen within the media, the preliminary studies, after they first began speaking about her, that she was nearly like this reluctant Federal Reserve economist who was anxious concerning the housing sector. And then in ’09 she needed to go much more heavy with the Q.E. And they’re nearly form of making it sound like she nearly forecast the housing growth. I do know you’ve got most likely seemed in to her much more. What are we to make of this individual, Janette Yellen, first as a person after which form of in comparison with what we have seen with Bernanke?
Andy Hoffman: Well if anybody has any questions on what she’s executed previously, simply go to Peter Shift’s current video. He truly did two movies debunking all of the BS about her being a hawk. I imply, she was clueless from the start and he or she’s voted for each cash printing plan that is been proposed for her total time. She’s been with the Fed for 20 years now and he or she’s not notable for something apart from voting sure on every thing. In reality, the one factor I can recall her doing that was notable was final 12 months she truly stated “You know, we have this dual mandate of inflation control and maximum unemployment,” which after all are paradoxical to one another, “But I would ignore the inflation part if it meant getting employment higher.” So mainly, to me she’s there as a result of she’s the last word celebration line individual. She’s there to print cash simply as Bernanke did and what she stated in her assertion final week on the hill as mainly quote “The only way to get to more normal policy in the future is to support the recovery now,” which suggests extra QE in. I guarantee you, if something it is solely going to get bigger.
FutureMoneyTrends.com: You know Andy, the QE is not getting any outcomes. Do you suppose Janet Yellen and these individuals truly, do you suppose they actually imagine that we simply want extra QE? Or do they know that that is simply serving to the banks unload unhealthy debt.
Andy Hoffman: Well that is all the time the query. You know, if you consider Atlas Shrugged, a couple of world the place individuals have been brainwashed to the purpose the place they do not know actuality anymore. You know, to the supposedly smartest individuals, she went to Harvard, she’s been a professor and a banker all these years. Is she actually that dumb? To realise that what they’ve executed has made issues a lot worse? All we have seen is inflation and debt and weak financial outcomes. And the very best and the bottom layer of participation charges because the 70s, and actual wages have not modified because the 70s? I imply does she not see that? It’s onerous to inform, however a part of me actually thinks they’ve been brainwashed to the purpose the place they honestly imagine what they are saying.
FutureMoneyTrends.com: Andy, with DOW 1600 and Bitcoin 900 or 600 the place it’s immediately, a whole lot of traders, they’re making some huge cash in different issues. How is demand for Gold proper now, with the bodily worth and the paper worth, each down fairly considerably from the excessive?
Andy Hoffman: Yeah, I imply Silver’s down 60% from its highs and Gold is down near 40% But what has occurred since these occasions? I imply, you are speaking about since 2011, we have added three trillion in overt debt. The labor participation price has plummeted. Worldwide we have seen the GDP plummeting. If we use actual numbers, our numbers that are already the second worst decade for GDP progress ever. If we used actual numbers like they use in Japan and Europe it might be even worse. So clearly it is a manipulation to maintain the worth down as they preserve printing cash. But what have we seen within the bodily world? I imply it is a story of two cities. If you speak concerning the West versus the East, within the West enterprise has been down this 12 months, there is no doubt. The attention-grabbing factor is that U.S. Mint gross sales of Silver Eagles have already
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