Palisades Gold Radio, Released on 3/16/23

Tom welcomes Robert Moriarty back to the program to discuss the latest in interesting times in finance. Bob explains where the money is really coming from to bail out the recent failures in the banking system, noting that the $200 billion figure has ballooned to $2 trillion. The Federal Reserve has effectively committed to printing $2 trillion in a week, which is unprecedented. Bob believes that the system can’t be repaid mathematically, so something is bound to blow up, leading to inflation and deflation in response to the new debt. He also covers the history of banking in the United States and the purpose of the Glass-Steagall Act, as well as the impact of geopolitical risk. Bob expresses his dismay about the quality of the leadership in the US and his concern about the potential for increased conflict. He concludes that there is no real limit to how much money can be spent on bailouts, and that sanctions and conflict risks seem to be increasing, without helping the situation.

0:00 – Introduction
0:55 – All Debts Get Paid
4:28 – Causes & Bond Markets
8:23 – Inflationary Effects?
15:17 – Saudis & Ukraine
18:05 – Sanctions & Seizures
21:00 – Alt. Competing Systems
23:30 – New Standards
25:44 – FDIC Bailout-ing
27:42 – Cash & Real Assets
29:42 – Shares & Margin
31:42 – Geopolitics & Conflict
37:07 – Collum Year-In-Review
41:21 – Gold Price & Miners
43:53 – Scary Times
46:30 – Wrap Up

Bob brought 321gold.com to the Internet almost 14 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 current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 international aviation records. He is the author of Nobody Knows Anything and Basic Investing in Resource Stocks.