Show notes
Jim Rickards and Alex Stanczyk, The Gold Chronicles November 22nd, 2016
http://www.physicalgoldfund.com/Download/Audio/TGCNovember-2016.mp3
Topics include:
*How Complexity Theory, Behavioral Psychology, and Bayesian models used at PGF were used by Jim Rickards to predict Trump win
*Comments on projected effects of Trump Presidency on US economy, world economy, and gold
*There are contradictory forces within the Trump administration, so projecting certain details are not yet clear
*If Trump cuts taxes and spends $1 Trillion on infrastructure without private capital it will blow a hole in the annual deficit
*Trumps economic plan is basically the Reagan plan – the current environment is very different this time facing headwinds and a much higher debt to GDP
*If the Fed accommodates Trump on his economic plan, then Trump is the “Helicopter Money” President and inflation is then guaranteed
*If the Fed leans into inflation instead it could force economy into recession
*Comments on $9 Trillion emerging market corporate debt crisis
*Jim’s new book The Road to Ruin is now available on Amazon: https://www.amazon.com/Road-Ruin-Global-Elites-Financial/dp/1591848083
*A Trump Presidency has no impact on the potential for systemic risk
*Comments on complexity theory, critical states, and catalysts
*Effects of the “war on cash” in India
*India is the 7th largest economy in the world, and is a cash based economy – these steps are leading to money riots
*Update comments on “war on gold”
*One effect of the India demonetization has been a substantial uptick in gold purchases
*Base Erosion and Profit Shifting (BEPS) – Global Taxation Plan
*Chinese $2 Billion SDR bond issuance
*Anticipated Dec rate hike is already priced into the USD/Gold price
*Trump has commented on gold favorably, potential for some sort of gold anchor or benchmark
*Regardless of some kind of gold standard, even a gold benchmark would require gold at a much higher price
*Comments on potential for gold confiscation in the next liquidity crisis
*Switzerlands advantages as a vaulting jurisdiction
You can follow Alex Stanczyk on Twitter @alexstanczyk
You can follow Jim Rickards on Twitter @JamesGRickards
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