Mark Yusko: Fed Destruction of the Dollar is Creating an Explosive Situation for Silver

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Tom welcomes Mark Yusko, CEO and Chief Investment Officer of Morgan Creek Capital Management, back to the show. Mark discusses why stocks may not be that viable in a low bond rate environment. The Fed's job is to enrich the bankers. When governments become despotic and crony, they eventually fail, usually due to too much debt and spending. Governments today can't pay their debts in an environment with declining trade and low-interest rates; this is not a sign of strength. We are in Ponzi finance territory today, which always ends badly.

Mark uses copper, ten-year interest rates, the oil price, and technology companies that manufacture components as a baseline for determining economic activity. He is not optimistic about a significant rebound in the economy, as many small businesses are closed forever.

The S&P in nominal terms appears to be back at highs, but if you price it in gold or bitcoin, it is down materially. People may believe they are better off, but there is stealthy destruction of value occurring.

Ultimately the world today has been financialized to the extent that the banks are too big to fail. This is why alternative forms of money like bitcoin are emerging and why gold and silver will ultimately be arbiters of value in the world.

Silver has explosive upside potential. Commodities are at their lowest value in history, and they will beat paper assets.

Mark says, "People today are drowning in information and thirsting for knowledge. It's important to know what to ignore and where to focus your attention."

Time Stamp References:
1:30 - Fed models and interest rates.
5:45 - Zombie markets and zombie companies.
9:00 - Four horseman of the growth apocalypse.
13:45 - S&P contrasted with gold.
20:50 - Banking risks and JP Morgan.
24:10 - Reverting to a gold standard.
27:55 - Gold Silver Ratio
33:00 - Focusing on what is important.

Guest Links:
Twitter: https://twitter.com/MarkYusko
Website: https://www.morgancreekcap.com
YouTube: https://www.youtube.com/channel/UC3qJ6fqaeIzIlIOUOUEMEAA

#MarkYusko #MorganCreekCapital #Gold #Silver #NIRP