Simon Hunt: Will the Dollar or Bond Market Be Sacrificed First in the Next Crisis?
Palisades Gold Radio: 4-11-2024
Tom welcomes back Simon Hunt to the show. They discuss various economic and geopolitical issues shaping the global landscape. Topics range from potential conflicts and their impact on markets to the shift towards physical assets and a gold-backed monetary system.
Simon touches upon underreported inflation, economic instability in America, China’s role in reshaping the global economy, potential crisis scenarios, and the importance of diplomacy versus war.
Simon is concerned about the risk of conflicts escalating, with Russia as a key player, and the emergence of gold-backed currencies to counteract perceived vulnerabilities in fiat currencies.
Additionally, they discuss the significance of rising interest rates, potential crises, and implications for U.S. elections and global geopolitical outcomes.
Throughout, Simon encourages caution and emphasizes the importance of understanding the underlying economic trends and geopolitical dynamics.
Time Stamp References:
0:00 – Introduction
0:46 – The World & War
5:38 – Equity Complacency
7:02 – Russia & Syria
9:17 – Economic Catalysts
14:32 – Serious Correction
18:18 – Leveraged Bank System
19:24 – Capital Shifts & China
22:57 – Gold Backed Currency
29:26 – Dollar & Rates
30:53 – Chinese Demographics
33:50 – China’s Manufacturing
37:40 – Nuclear Energy
39:31 – China Debt
42:32 – Chasing Rainbows
44:30 – Europe In Recession
48:15 – Inflation Issues
52:25 – Expect More Unknowns
53:35 – Wrap Up
Talking Points From This Episode
– Geopolitical tensions could lead to significant market shocks in equity and base metal markets before mid-year due to underreported inflation and weak economic activity.
– Shift towards gold-backed currencies is inevitable as countries seek alternatives to perceived vulnerabilities in fiat currencies, with China and Russia likely taking a leading role.
– Diplomacy could prevent war, but tensions between the US and countries like Russia suggest that war may be an outcome if Washington continues to support the dollar at the expense of its treasury market.
