Re the Dines interview,(about 40 minutes, the real fireworks start at about minute 28).
financialsense.com
Here are some notes:
- Dines is bullish on the broad market, sees positive movement in $Trans despite high $Oil, thinks there is an IHS in the $COMPQ.
- $USD is still in a downtrend, the Fed is trapped, "cut now and pray", when real estate bottoms, Fed will jack up rates fast to try to save the dollar.
- Bullish on $Silver, "same as $Gold", first target $50/oz., then to $100, "$Silver is the same chart as was $Platinum at $450", $Palladium will also be a big mover, all the PMs and PGMs "are money".
- Regarding Agriculture, "Malthus was early but right." The capitalist system is breaking down world wide, nations are hoarding commodities instead of selling them for phony paper money.
- We're currently at the end of the age of petroleum. Nuclear will be the major energy source for the next three centuries. Re anti-nucs, "This country is so stupid, it doesn't deserve to survive." "We've begun the final war for the last drop of oil." "This political system stinks." (Referring to pandering politicians buying votes from the dumb, self-serving electorate.) "We're going to have a terrible nuclear war." (Nations with nucs will use them to secure oil.) "This political system is an affront to the people who founded this country."
- The $USDollar will eventually go to nothing, as will all fiat currency. "This is the first time world fiat money will go to zero."
- Sees general public disorder coming, said have gold stashed in a number of places, both inside and outside the country, also indicated, though didn't say explicitly, you'll need to have guns to protect your household.
FWIW.
NC |
