Wall St. For Main St., Released on 8/13/24

During this 50+ minute interview, Dave Kranzler talks about how fragile the US and global banking system is because of loan book losses, OTC derivatives and losses on commercial real estate. Dave thinks that Soft Bank in Japan (not a bank but similar to Black Rock) and US pension funds and insurance companies have enormous losses that they will not be able to hide soon. Dave talks about why the Fed doing a 180* and starting to cut interest rates will not fix US residential and US commercial real estate. For commercial real estate there are legit cash flow problems now that Fed rate cuts will not fix. Dave talks about gold and silver demand globally and why gold prices have rallied since October 2023. Dave talks about mergers and acquisitions in the gold mining space and which deposits in Canada Barrick Gold (NYSE: GOLD) could target soon. Overall, permitting for open pit copper and gold mining with heap leach pads will take years longer and become more expensive if it is not banned in a country after recent mining accidents of elections of anti mining politicians.

Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberlin College with majors in Economics and English and he also has an MBA from the University of Chicago, with a concentration in accounting and finance. Currently, he co-manages a precious metals and mining stock investment fund in Denver. He has nearly thirty years of experience in studying, researching, analyzing and investing in the financial markets. His daily articles can be found at his site, Investment Research Dynamics.

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

  banking system, Dave Kranzler, Fed, gold, gold miners, gold stocks, Jason Burack, real estate collapse