Jason Burack of Wall St for Main St interviewed returning guest, former Wall St investment analyst and current marketing director for precious metals bullion dealer Miles Franklin http://www.milesfranklin.com/, Andy Hoffman.
Andy's articles can be found here: http://blog.milesfranklin.com/categor...
During this 30+ minute interview, Jason asks Andy if he thinks all global central banks are trapped?
Andy says fiat currency is a Ponzi scheme that once started cannot be stopped until it blows up.
Andy talks about how much worse things are getting in the real economy and Jason asks Andy how people on Main st are going to get screwed?
Andy thinks people in the middle class living on Main St, USA will be screwed in as many different ways as possible by the US government, large banks, Wall St, etc.
Jason then asks Andy the consequences of negative interest rates. Andy says large Wall St investment banks have revealed that central banks plan on taxing people up to 4% in the near future per year to keep money in a checking or savings account.
To wrap up the interview, Jason and Andy talk extensively about the gold and silver markets including, if the secular precious metals bull market has returned in US Dollar terms, how bad things are for the gold and silver miners and how difficult is it for American citizens to store physical gold and silver outside the US.
Miles Franklin has meetings coming up in different towns in the US to talk about the global economy and precious metals. If you are interested, please contact Andy or the company for more information.
