Firing on all cylinders and tackling important economic and political events of the past month while looking towards what may happen in 2017, the latest “Welcome to Dystopia” is one of the most informative and downright funny episodes of recent memory.  Jason and I pull no punches!   – Eric Dubin, Managing Editor, The News Doctors 

TND Podcast Exclusive:  Welcome To Dystopia #31

Jason Burack of Wall St for Main St and managing editor of The News Doctors and independent financial journalist, Eric Dubin ring in the new year with the first 2017 episode of Welcome to Dystopia.

Jason and Eric make the case that gold and silver bottomed in December.  We examine the historical pattern often seen of a strong January and Eric places the historical trend into current context.

Eric talks about how the currency markets are affecting gold and silver prices and Jason talks about how the President of Turkey is calling FOREX speculators “terrorists.”

Chinese policy makers are experiencing difficulty dealing with capital flight and distortions in their credit markets.  The Chinese economy is also decelerating and we should expect rising tensions between China and the United States given Donald Trump’s economic nationalist policy agenda.  2017 will bring rising trade frictions between the first and second largest economies in the world.  It’s very likely Trump will formally declare China a “Currency manipulator,” which carries force in law and will change subsequent U.S. policy.  In turn, China may very well surprise and continue to escalate the devaluation of their currency, which will likely serve as a catalyst for significant downside volatility in other markets, including the U.S. stock market.

Jason underscores the pernicious tendencies of ‘globalism’ versus the pros and cons of ‘economic nationalism.”  We are witnessing a tug of war between the elite’s version of globalism that primarily offers low cost goods for the ‘man on the street’ versus the significant diminished middle class opportunity that rising economic nationalism trends embody, as expressed by the Brexit vote in the U.K, the election of Donald Trump, the rising popularity of France’s Marine Le Pen President of the National Front – and many other examples.   The mainstream establishment, largely behind and supporting globalist objectives, focus on racism rather than the root of these rising trends: diminished economic opportunity for middle class people across Western economies, largely the product of horrible economic and political policy, driven by corporate interests and largely ‘captured’ governments that serve special interests, not constituents.

In the wake of China’s crackdown on bitcoin, Eric returns to his long standing warning about the “on-ramps and off-ramps to commerce” problem and “weakest link” to the thesis that bitcoin (not block chain) will become a true mass market currency.  Governments are about to make war on bitcoin.  Libertarians will find Eric’s thesis worthy of consideration, and he welcome’s on-target rebuttal because he certainly hopes that he is proven wrong.

There’s some good laughs in this episode!  Eric’s dog even voice his disgust at Obamacare, and Jason is still seeking his dream libertarian femme fatale as he contemplates the sad state of “Snowflake Central,” otherwise known as the Washington, D.C. metropolitan area, his backyard.

Scumbag Nominees:

300dpi rgb jpg 7.08"x8"
1) Former Goldman Sachs CEO, NJ Governor, & Scumbag Hall of Fame Member, Jon Corzine who was able to gamble with $1.6 billion in customer money at his firm MF Global in 2011 when he bankrupted the company and escape with only a $5 million civil fine! (link)

2) Joe Biden for winning a Presidential Medal of Freedom today – WTF did he do to deserve it???  Given the ongoing mocking of Joe Biden as Mr. “Foot and Mouth” (click here), perhaps a different award would have been more advisable.

3) Fiat Chrysler for lying/cheating on pollution tests with the EPA http://www.zerohedge.com/news/2017-01…

# # # #

Mr. Dubin is the Managing Editor of TheNewsDoctors.com. He has 25 years of experience as an independent buyside securities and global macro analyst. He has well over a decade of experience as a financial journalist, editor and political analyst. He’s primarily an autodidact, but his formal education includes degrees in economics, international relations and MBA. He welcomes feedback on his articles and will make an effort to respond to comments. Email Eric by sending to “Eric” and then @TheNewsDoctors.com. He can also be “followed” on Facebook: https://www.facebook.com/EricDubin

# # # #

wall street for main street bio photoAbout Wall Street For Main Street
We provide in depth content from many investing experts all over the globe. Over 250 interviews with many top experts including Jim Rogers, Doug Casey, Dr. Marc Faber and Jim Rickards! Over half a dozen billionaires interviewed! Unique, in depth round table discussions with experts on interesting investing topics about different asset classes and sectors of the economy.  Wall St For Main St, LLC was founded by Jason Burack from JasonBurack.com and Mo Dawoud from Momoney Blog in 2009.  We are a unique investor education and financial education start-up company out of the DC/Northern Virginia area with a mission to revolutionize the way people learn how to invest.  Visit our website (click here) and our YouTube channel (click here).