Jaime Carrasco: Getting Ahead of Monetary System Destruction

• Palisades Gold Radio
  Tom welcomes Jaime Carrasco of Canaccord Genuity back to the show. Jaime explains his strategy of hedging accordingly with 40% gold, 40% silver, and 20% blockchain. He believes blockchain technology will become increasingly important in building an alternative financial system. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca Inflation is occurring globally, and while they claim it will only be transitory, money can’t be removed from today’s system as debt can only grow. The system today is imploding and central banks are trying to keep things afloat. However, at an accounting level, things are a complete facade. Basel III is about the banks determining who has the physical gold behind all the paper promises. The ship is sinking, and their ability to control it depends on public perception.
  –
  A replacement system will have a new structure, so why not build it on the blockchain and bypass banks. Today, most are still happy to be at the party on the financial Titanic. We don’t know when the bubbles will end but what is most important is where we are heading. Gold should be trading much higher than where it is today. If gold were rising, people would stop trusting the Fed and central banks. The benefit is that you can still get a cheap seat on the lifeboats. Jaime points out that China has bought a lot of gold and had it converted to kilobars. So it will likely be up to China to call for the next currency reserve standard. As much as banks tell you that gold is unloved, they are, in fact, buying it. Jaime discusses the hedonic adjustments used to calculate the CPI and promotes the Fed’s narrative. However, inflation is much higher than they are claiming and even using their flawed metrics, inflation is going much higher. Jaime discusses the geopolitical risk with mining and what to look for in mining equities. He expects dividends from mining producers to skyrocket when gold and silver rise. Chile is starting to rewrite its constitution, and he expects this process will be a good litmus test for South America. Chile had a massive debt contraction under Pinochet, and today they have a low debt to GDP. Time Stamp References:
  –
  0:00 – Intro
  0:34 – Hedging Accordingly
  7:27 – Crypto & Central Banks
  15:05 – Gold & Currency Reset
  20:02 – Bubbles & Opportunity
  23:42 – Currency Strength
  26:47 – Gold & China
  29:32 – Transitory Inflation?
  36:00 – Picking Stocks
  39:25 – Risks in Chile
  45:37 – Concluding Thoughts
  –
  Talking Points From This Episode
  – Safe haven hedging assets.
  – Importance of blockchain in the coming financial world.
  – CPI metrics and why inflation won’t be transitory.
  – Resources, mining equities and geopolitical risk.

end