World Economy & Way of Life in Dire Risk - Karl Denninger Interview
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Subscribe to Free Financial Newsletter for more Content Like This: http://CrushTheStreet.com With his market trading expertise, first time guest Karl Denninger is incredibly bleak for the US economy based on the fact that our debt and yearly deficits are unsustainable due to the corrupt healthcare system with medicare & medicaid structures. Also discussed are gold & silver prices and Europe's situation. Karl seems to bring a different perspective than our usual guests as well as a special expertise we don't see often. TOPICS IN THIS INTERIVEW: 01:40 Gold & Silver trade like Commodities, not Money 02:40 Silver Demand, historic uses and global supply 04:20 Gold isn't inflation hedge, it's geopolitical risk hedge 05:40 Deutsche Bank Crash risk; the next Lehman Brothers? 07:30 Beginning of 2008 compared to today for crash risk 08:15 The last gold bull market to $1,900 09:15 Europeans did nothing to fix Derivative exposure 10:35 Bank run could springboard whole world econ crisis 12:40 Inflationary moves vs risk movements of gold/silver 13:20 US $1.4 Trillion more in debt year over year 15:30 Medicare & Medicaid increasing the deficit 16:10 Bonds & Stocks Expensive...where to get return? 18:00 Federal Reserve's manipulation of Bond Market 19:40 Bond damage embedded deeply in the system 21:30 US deficits unsustainable during (fake) Recovery 24:30 How to fix US debt and prevent total collapse 25:30 Indict the industry insiders who caused this 27:30 Get more from Karl Denninger at http://market-ticker.org
Comments
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If silver isn't monetary, then what is the American Silver Eagle? according to the Government it is legal tender. There are tax codes for IRA's for Eagle's. also in the Patriot Act. Silver is still monitary. Gold was decoupled in 1971, not Silver.
Just saying... -
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Geeez is this guy completely fucking blind... Please don't have him on again or ill unsubscribe... LOL
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Im sorry I completely disagree with this idiot.... Absolutely BS GOLD and SILVER is money weather the banks have tried to REMOVE that reality or not. Why had a guy on the show that is talking BS... Who cares about gold in "the modern era"...
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Leaving at 11:30, unwilling to listen longer. I am not a PM-bug, but tell me what to buy these days, if you want to lose least. If PM is comodity, so be it. At least I own it, better than oil and grain. And all the rest looks bubbly to me.
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yea, this guy has no idea what he's talking about!
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"Gold, when you look at it from a historical perspective, you'll find that it's performed horribly from an inflation perspective." Who's history is he looking at? Is there something I'm missing?
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DEFLATION!!!!!!!!! Finally you have some one who understand. Thanks Karl for explaining this to the Gold bugs and inflationistas.... but they will still think this is an inflation problem. When it's a debt and contraction problem.
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I would not accept any investment advice from this dick head
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Yes, Karl, there is a way to "get out of the situation" where predators-DBA-government stick a gun up your nose and suck you dry. The answer is... get the hell outta dodge.
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I have followed Denninger for a while. I liken him to Harry Dent. Some really good points but completely clueless when it comes to Gold & Silver.
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Overall, Karl is a smart fellow, but fairly often his brain COMPLETELY malfunctions. Someone really needs to explain to Karl what money and currency mean... and more importantly, what they MUST mean for his brain to operate rationally.
MONEY has intrinsic value, CURRENCY does not. Even a "gold certificate" or "silver certificate" has no intrinsic value, because it is just a piece of paper with ink smeared on the surfaces. What did have intrinsic value is the physical gold and physical silver. Since MONEY must have intrinsic value, only physical gold and physical silver qualify as MONEY. Note that money can also be a currency, as were (and are) gold and silver coins. In fact, money is far and away the best currency. -
Dear, China
A quick memo to the record: He who holds the gold...holds hunks of junk. It's the paper, stupid
Yours Screwy,
KD -
Agree with most here, Karl is a moron. Just do some research on this guy and he's basically a fraud. He was such a fraudster that his publication, the Market Ticker was shut down because no one read it. What a waste of an interview.
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"Karl..." go read The Big Reset, from dutch author Willem Middelkoop. Gold and silver are money. Even more, they're the only money! Everything else is dept based currency. Which means, you don't know shit.
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This guy is one of my favorites. Started watching him way back in 2008. I disagree with him on metals and some issues, but he still offers a very valuable insight on many other economic issues. One point he made is that even if you invest in gold it can be legally confiscated, which is true. It is possible. But not if you're smart. You can buy pure gold jewelry and have that be at least half of your gold holdings and have security from that because during the Great Depression they did not confiscate gold jewelry. They allowed people to have it. They only outlawed gold bullion. No politician would outlaw gold jewelry as that would be political suicide (losing the female vote). During the depressions wealthy families knew this and had gold jewelry as a large part of their holdings.
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No, Gold is not money, right? Go sell 1oz gold coin and tell me how small your wallet gets with all the paper you will get for it.....
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This guy is an expert in stupidity!
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What would Bill Holter's response be? LMAO
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