Financial Sense Newshour: Experts

Jim welcomes back Martin Armstrong of ArmstrongEconomics.com. On the topic of a dollar collapse, Martin doesn’t see it happening, as there are no strong alternatives to the dollar. He sees Japan as the next currency trouble spot, and believes a single global currency is coming down the road. Martin sees the time-frame of a global currency crisis as 2017-2018. He also discussed gold, and said it should be owned as a personal hedge, but that no government will ever adopt a gold standard, which would limit its power to spend money.

Jim is pleased to welcome back James Dines, Editor & Publisher of The Dines Letter. Jim and Mr. Dines discuss a wide range of topics, including a coming new social order, the coming age of robots, debt deleveraging, the pension funding crisis and the specter of tax vampires, squandering tax revenues. Mr. Dines also touches on the likelihood of hyperinflation in our future, and how US debt levels are un-payable, and will ultimately be inflated away by the Fed. The legendary James Dines has been publishing The Dines Letter since 1960.

Jim welcomes back John Williams from Shadow Government Statistics. John lays out his reasons why he believes hyperinflation is inevitable, and notes the clock is ticking. John believes the trigger point for a hyperinflationary scenario will be massive selling in the US dollar. He sees means-testing coming for Social Security, but doesn’t believe it will a solution to our debt problems. John also sees the gold market as rigged by the government, and notes that is one of the reasons gold has not risen more.

Jim welcomes back Evelyn Browning Garriss, Editor of the Browning Newsletter. Evelyn sees a new normal in the Pacific Ocean, with cooling on the North America side and warming on the Asian side. She expects average rainfall in the Midwest, which will not be enough to break the drought. Evelyn sees good weather for the planting season, but the problem will be a summer heat wave. She expects the rest of winter to be “bi-polar”, with cold-on, cold-off periods coming in quick succession. The Atlantic gulf stream is flowing hotter and faster, so expect more hurricanes later in the year.