Eric Dubin believes the market shook off the numbers and started to put a bottom in for gold, silver and mining shares after the jobs report:
TND Podcast Spotlight: Welcome to Dystopia Episode 27
Jason Burack of Wall St for Main St and managing editor of The News Doctors and independent financial analyst Eric Dubin are back for Episode #27 of Welcome to Dystopia.
Jason and Eric discuss the latest jobs numbers and how that applies to reality. Eric thinks the market shook off the numbers and started to put a bottom in for gold, silver and mining shares after the jobs report. Official economic statistics in the United States are all pretty much skewed, with many flaws.
To make maters worse, the economic models guiding policy at the Fed reflect flawed assumptions. Modes are in fact broken, and bad academic theories are making the real economy worse off! Jason and Eric name a bunch of current events and examples from academic Keynesian economists and members of the Federal Reserve desperate to tinker with the economy further for dire consequences for people on Main St.
The long-heralded The Curse of Cash by prominent Harvard professor and former IMF chief economist Ken Rogoff is now in bookstores. This proto-fascist screed argues for the elimination of all $100, $20, and even $10 bills so that criminals will have a more difficult time doing business and all ordinary citizens would eventually have to use electronic cards to may all payments, transfers, etc. and so that central banks will be able more effectively to carry on their various schemes of ZIRP, NIRP, etc. Jason references Robert Wenzel’s latest article: click here.
Jason says the global economy is one giant economic minefield where some mines are visible for people to see the dangers and some mines are slightly below the surface and people can’t see.
Jason and Eric discuss the broken economy, the broken healthcare system, the broken (corrupt) mainstream media and broken academic theories and models during this longer than usual show.