Economist’s “News and Veiws” Thursday 11-2-2023


This Would Mean Catastrophe For Financial System | Bob Moriarty

Liberty and Finance:  11-2-2023

An oil embargo would be catastrophic for the financial system, says Bob Moriarty, marine, naval aviator, and financial author.

The oil price spiking could collapse the banking system and send commodity prices soaring.

 While an oil embargo would be devastating, WWIII would be a lot worse, he says.

 He suggests having spare food, fuel and cash. He also says now would be a good time to get right with God.


0:00 Intro

3:06 Oil embargo

8:39 Land or gold

11:20 Gold-backed system

 12:46 Debt jubilee

14:52 Brokerage account bail-ins

 15:53 Preparedness

 16:50 Tax-loss selling

18:50 Hyperinflation

21:30 Fax story

Stock Market is Coming to a Financial Reset, Hard Assets to Benefit: Chris Vermeulen

The Jay Martin Show:  11-1-2023

Chris Vermeulen of the Technical Traders believes there is a shift occurring in the market, from overvalued tech names into hard assets, and most investors haven’t gotten the memo.

Chris thinks that in the meantime, playing defense and waiting for an inevitable crash is the best strategy.

Market Correction Not Over, Fed Will Hike Again Into Recession | Gary Shilling

David Lin:  11-1-2023

Economist Gary Shilling, President of A. Gary Shilling & Co., who served on the staff of the Federal Reserve Bank of San Francisco and was the first Chief Economist of Merrill Lynch, discusses his outlook for the economy, stock market, and Fed monetary policy.

0:00 – Intro

1:16 – Market recap

3:29 – Fed monetary policy

 7:00 – Yield curve

8:41 – Inflation

12:49 – Labor market

16:50 – Geopolitical risks

 19:16 – Gary Shilling’s career

 22:30 – Jamie Dimon selling JPM shares

 23:50 – Now vs. 2008

25:25 – Hard vs. soft landing

26:22 – Portfolio allocation

29:50 – Safe havens

 32:20 – Global reserve currency