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Jason Burack
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Investor, Entrepreneur, Financial Historian, Austrian School Economist, Investment Analyst, and Contrarian. Co-founded the investor education, financial education and consulting company, Wall St for Main St, LLC in 2009. I've taught beginners how to invest and also consulted for high net worth... More
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Jason Burack
  • Chris Marchese: US Economy Violently Contracting  0 comments
    May 12, 2014 12:10 PM | about stocks: DIA, SPY, GDX, GDXJ, SIL, SILJ, PHYS, PSLV, GLD, SLV

    Jason Burack of Wall St for Main St interviewed hedge fund manager, investor and senior mining analyst at The Morgan Report www.silver-investor.com/, Chris Marchese.

    Chris has accomplished a lot already before age 30 both in terms of success, investing returns, etc through learning and hard work.

    During this long interview Jason asks Chris about what's going on in China and how it's affecting the global economy. Chris warns investors to not be long copper and to eliminate exposure to copper companies.

    Next, Jason asks Chris about how the real US economy is doing compared to US government numbers about the economy from GDP, unemployment, etc. Chris thinks the real US economy is actually contracting violently due to much higher than reported real inflation numbers.

    Jason then asks Chris about the Fed tapering and how the markets all appear fragile. Chris names off a number of reasons why the markets are extremely fragile and there could be another 2008 or worse crash ahead. Chris talks about the Fed starting a reverse repo to give the banks more cash and it could signal a crash in a particular asset class is imminent.

    Jason also asks Chris where he thinks Belgium got all of that money to buy up hundreds of billions in US Treasuries.

    Finally, Jason asks Chris about gold and silver. Chris says gold and silver demand are still very strong in Asia and thinks a big move higher could be in the near future.

    Jason asks Chris about the miners and how they are able to tread water or if many will go bankrupt. Chris thinks many miners have done a pretty good job cutting costs and can tread water for awhile longer.

    To wrap up the interview, Chris talks about the new book on Silver and money he is co-authoring with David Morgan of The Morgan Report and Silver-Investor.

    Please visit the Wall St for Main St website here www.wallstformainst.com/
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    Link to podcast: youtu.be/PxOzYBtFvHQ

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