WTFinance

Interview recorded - 24th of October, 2022On todays episode of the WTFinance podcast I had the pleasure of speaking with John Williams, founder of ShadowStats, a website that calculates the “actual” inflation rate.During our conversation we talked about what is wrong with our current measurement, why inflation may actually be 16%, whether gold moves with this measurement of inflation and more. I hope you enjoy! 0:00 - Introduction0:26 - What is wrong with our current measurement of inflation?6:05 - Gold moving with inflation?9:10 - When else did we experience this type of inflation?11:35 - What was actual inflation like through the 2010’s?13:00 - Any indicators to watch what real CPI might be in the coming months?21:00 - How does the FED reduce Q1?21:45 - Impact on precious metals23:45 - One message to take away from interview?Walter J. "John" Williams was born in 1949. He received an A.B. in Economics, cum laude, from Dartmouth College in 1971, and was awarded a M.B.A. from Dartmouth's Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar. During his career as a consulting economist, John has worked with individuals as well as Fortune 500 companies.John has been a private consulting economist and, out of necessity, had to become a specialist in government economic reporting. One of his early clients was a large manufacturer of commercial airplanes, who had developed an econometric model for predicting revenue passenger miles. The level of revenue passenger miles was their primary sales forecasting tool, and the model was heavily dependent on the GNP (now GDP) as reported by the Department of Commerce.  Suddenly, their model stopped working, and they asked John if he could fix it. He realised the GNP numbers were faulty, corrected them for his client (official reporting was similarly revised a couple of years later) and the model worked again, at least for a while, until GNP methodological changes eventually made the underlying data worthless. That began a lengthy process of exploring the history and nature of economic reporting and in interviewing key people involved in the process from the early days of government reporting through the present. For a number of years he conducted surveys among business economists as to the quality of government statistics (the vast majority thought it was pretty bad), and his results led to front page stories in 1989 in the New York Times and Investors Daily (now Investors Business Daily), considerable coverage in the broadcast media and a joint meeting with representatives of all the government's statistical agencies.  Nonetheless, the quality of government reporting has deteriorated sharply in the last couple of decades. Reporting problems have included methodological changes to economic reporting that have pushed headline economic and inflation results out of the realm of real-world or common experience.Over the decades, well in excess of 1,000 presentations have been given on the economic outlook, or on approaches to analyzing economic data, to clients—large and small—including talks with members of the business, banking, government, press, academic, brokerage and investment communities. John has also have provided testimony before Congress. John Williams - Shadowstats- http://www.shadowstats.com/Twitter - https://twitter.com/shadowstats?s=21&t=Sfk6z767icOb135AC_Kx0wWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

On todays episode of the WTFinance Podcast I had the pleasure of speaking with Alasdair Macleod, Head of Research at Goldmoney, Educator for sound money and demystifying finance and economics. During the interview we talked about why bank credit is so important, the risk of a potential fiat currency collapse, Bretton Wood 2.0 and the potential societal shift after the currency collapse. I hope you enjoy!0:00 - Introduction0:25 - Why is bank credit so important in our system?8:25 - Lagged economic response to current issues16:00 - Near collapse of UK bond market warning of future?21:00 - Gold is money and the rest is credit28:15 - Bretton Wood 2.0?32:20 - Without Bretton Wood 2.0, what other system will come online in the West?37:05 - Where does growth come from if we don’t increase bank credit?44:20 - Societal shifts after currency collapses46:20 - Could precious metals be confiscated?50:35 - One message to take away from interview?Alasdair Macleod is Head of Research for GoldMoney. He is an educator and advocates for sound money through demystifying finance and economics. His background includes being a stockbroker, banker, and economist.Alasdair Macleod started his career as a stockbroker in 1970 on the London Stock Exchange. Within nine years, he had risen to become senior partner of his firm.Subsequently, he held positions at the director level in investment management and worked as a mutual fund manager. Mr. Macleod also worked at a bank in Guernsey as an executive director.For most of his 40 years in the finance industry, he has been demystifying macroeconomic events for his investing clients. The accumulation of this experience has convinced him that unsound monetary policies are the most destructive weapon governments use against the common man. Accordingly, his mission is to educate and inform the public in layman's terms what governments do with money and how to protect themselves from the consequences.Alasdair Macleod - Website - https://www.goldmoney.com/Blog - https://www.goldmoney.com/research/legal-definitions-of-money-and-creditTwitter - https://twitter.com/MacleodFinanceLinkedIn - https://www.linkedin.com/in/alasdair-macleod-9494b27/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

On todays episode of the WTFinance podcast I had the pleasure of speaking with Gregory Mannarino, “The Robin Hood of Wall Street” and Founder of Traders Choice. During our conversation we spoke about what is currently happening in the market, the currency problem, what the catalyst for the collapse will be and how to protect your wealth during this period. I hope you enjoy!0:00 - Introduction 0:24 - What is happening in the markets?1:35 - What is a price discovery mechanism?3:05 - Main reasons that the stock market has increased over the last 40 years?6:15 - What would Greg do as the FED chair?7:30 - If it is a currency problem, why is the US Dollar strong?9:25 - What is the catalyst for this collapse?11:40 - Central Banks trying to keep the system going14:45 - Faith isn’t enough anymore18:35 - Why does the FED want control?19:35 - Is there any way that the system doesn’t collapse?23:05 - Bandaids preventing the inevitable23:50 - Any assets that could protect individuals wealth?26:00 - Inputs that go into indicator?29:10 - One message to take away from the interview?Gregory Mannarino, also known as "The Robin Hood Of Wall Street," is an active/full time trader of the capital markets with a world-wide following.Born on July 22, 1965, he became interested in "Wall Street," like many others at the time, in 1987 after seeing the movie Wall Street with Michael Douglas. Around that time he was able to get an entry level position, then subsequently to the trading floor,  at the now defunct bank Bear Stearns, but within a relatively short time realized that working on Wall Street was not like the movies and moved on. He went on to get a medical degree and practiced medicine as a Physician Assistant beginning in 1996, now retired from practice. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieutenant. Gregory even published a book on casino Blackjack strategies years later, and was banned from playing the game in Las Vegas casinos.Gregory Mannarino - YouTube - https://www.youtube.com/c/GregoryMannarinoTraders Choice - https://traderschoice.net/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

On todays episode of the WTFinance Podcast I had the pleasure of speaking with Marc Faber, Editor and Publisher of the ‘’Gloom, Boom & Doom Report’’.During the conversation we talked about how the FED is destroying the economy, why inflation is out of control, whether we will see the rise of emerging markets and more! 0:00 - Introduction 0:40 - Is the FED destroying the economy?6:10 - Was the FED too slow to react?8:35 - Is this time different?11:50 - This inflation has come from Fiscal & Monetary effects?13:10 - Is the economy already collapsed?14:50 - Why have we already had a crash?17:40 - Dollar strength shielding US against higher inflation?19:58 - US Stock Market vs EU Stock Market21:25 - The rise of emerging markets?23:10 - Interest rates at 8% in Europe?27:05 - Will we see hyperinflation or any similarities to the Great Depression?34:50 - Where are you positive about?39:29 - One message to take away from interview?Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude.Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, publishing a widely read monthly investment newsletter “THE GLOOM BOOM & DOOM” report which highlights unusual investment opportunities.He is also the author of several books including “TOMORROW’S GOLD – Asia’s Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “TOMORROW’S GOLD” was for several weeks on Amazon’s best seller list and has been translated into Japanese, Korean, Thai and German.Dr. Faber is also a regular contributor to several leading financial publications around the world.A book on Dr Faber, “RIDING THE MILLENNIAL STORM”, by Nury Vittachi, was published in 1998.A regular speaker at various investment seminars, Dr Faber is well known for his “contrarian” investment approach.Marc Faber -Website - https://www.gloomboomdoom.com/Twitter - https://twitter.com/gloomboomdoom?lang=enLinkedIn - https://www.linkedin.com/in/marc-faber-gloomboomdoom/?originalSubdomain=hkWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 27th of October, 2022On todays episode of the WTFinance podcast I had the pleasure of speaking with Dave "True Disbeliever" Collum, Professor of Organc Chemistry &leading thinker on markets and the larger world around us. During the conversation we talked about how are world has become more dangerous, the Ukraine/Russian conflict, the current state of China and impacts these macroeconomic events have on the market. 0:00 - Introduction0:30 - How have we gotten to this dangerous world we live in today?2:20 - Shouldn’t be worried about East vs West?3:16 - You are with us or you are against us6:20 - Post Collapse of the Berlin War7:40 - Most interesting thing in your research?9:12 - How does this Ukraine/Russia conflict end?12:30 - Best thing is a stalemate in Ukraine?15:20 - Russian support in Ukraine?22:30 - Russia is not a military superpower?24:40 - Lots of complexities in life25:45 - Opinion on the current state of China?35:10 - Return to value investing over performance?40:15 - Will we see a recession and impact on S&P500?43:45 - Austerity or growth faster than inflation48:55 - Issues with pipelines in North East US52:48 - One message to take away from our conversation?David Collum received a BS in biology from Cornell in 1977 and an MA, MS, and PhD in chemistry from Columbia University in 1980. Dave currently is the Betty R. Miller Professor of Chemistry at Cornell University. While at Cornell Dave has served as Director of Undergraduate Studies, Director of Graduate Studies, associate chairman, and chairman while running a research program in organic chemistry for forty years, which include collaborations with a host of large-cap pharmaceutical companies exemplified by Merck and Pfizer. In recent years he has become interested in the interface where politics and markets meet. He compiles an annual Year in Review, does several dozen podcasts per year, and occasionally stirs up trouble on more mainstream media sources.Dave Collum - Twitter - https://twitter.com/davidbcollum?s=21&t=xvXQIRnoZm5mxXw68trHEQWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

On todays episode of the WTFinance Podcast I had the pleasure of welcoming back Doomberg - the famous green chicken highlighting the fundamentals missing from many economic and policy decisions, specifically in the energy markets. We talked about the overall energy market, how winter ends in Europe, why negative gas prices in Europe aren't telling the whole story, "War Profiteering" and the future of Nuclear. I hope you enjoy!0:00 - Introduction0:43 - Overview of the energy markets3:48 - How does this winter in Europe end?6:30 - Negative Natural Gas in Europe, will this save Europe?12:55 - Challenge of getting energy to the right place15:45 - Why will next Winter be worse in Europe?18:05 - Are Energy Companies “War Profiteering”?24:40 - Complexities behind refining 28:25 - What drives market efficiencies in energy?33:00 - Why Nuclear is the way forward and fears are misplaced38:53 - One message to take away from our interview?The group started writing Doomberg in May of 2021 to highlight the fundamentals missing from many economic and policy decisions, and it quickly grew to be one of the most widely read finance newsletters on Substack.This publication is their passion, and the content is borne out of the team’s deep experience in heavy industry, private equity, and the hard sciences. Family offices and c-suite executives hired them to deliver innovative thinking and clarity to complex problems – they operate as though their subscribers share those same expectations.Read their full bio here - https://doomberg.substack.com/aboutDoomberg - Substack - https://doomberg.substack.com/Twitter - https://twitter.com/DoombergTWTFinance Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 22nd of October, 2022On todays episode of the WTFinance Podcast I had the pleasure of speaking with Michael Oliver, Founder of Momentum Structural Analysis.During the interview we talked about Michael's investment strategy, the challenges the markets are currently experiencing, how precious metals may replace bonds as the safe haven asset in the US and potential for a continued strong US Dollar for the near future. I hope you enjoy!0:00 - Introduction0:20 - Michael’s investment strategy and flaws in traditional analysis5:21 - What is currently happening in the markets?9:45 - Commodity inflation 18:05 - Precious metals replacing bonds at safe haven assets in the US21:05 - How will increased volatility effect momentum investing?25:05-  Any other assets other than commodities to watch?30:50 - One message to take away from interview?J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, headquartered in New York City's Battery Park.  He studied under David Johnston, head of Hutton’s Commodity Division and Chairman of the COMEX.In the 1980s Mike began to develop his own momentum-based method of technical analysis.  He learned early on that orthodox price chart technical analysis left many unanswered questions and too often deceived those who trusted in price chart breakouts, support/resistance, and so forth.In 1987 Mike technically anticipated and caught the Crash.  It was then that he decided to develop his structural momentum tools into a full analytic methodology.In 1992 the Financial VP and head of Wachovia Bank's Trust  Department asked Mike to provide soft dollar research to Wachovia.  Within a year, Mike shifted from brokerage to full-time technical research.  He is also the author of The New Libertarianism: Anarcho-Capitalism.Michael Oliver - Website - https://www.olivermsa.com/Twitter - https://twitter.com/Oliver_MSAWTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Linkedin - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

Interview Recorded - 7th of October 2022On todays episode of the WTFinance I had the pleasure of speaking with Steve Ward, a high-performance coach who has worked with Finance professionals for 20 years. During our interview we talked about what is high performance, coming up with a plan to improving trading, how to prevent blowouts while trading and the importance on working on the mental side of things. I hope you enjoy!0:00 - Introduction0:28 - What is high performance?2:55 - Are there any similarities or differences between finance professionals and athletes?6:35 - Everyone is unique8:05 - How to come up with a plan to improve?11:25 - Consistent challenges high performers experience?14:35 - Managing challenging periods16:15 - Preventing blowouts while trading20:38 - Managing uncomfortable emotions while trading23:10 - Working on enhancing your own performance while trading26:15 - The importance of health on high performance and too much coffee?30:52 - What value can using a trading journal add to performance?36:22 - One message to take away from our interview?Steve is passionate about enhancing performance for people operating in high stakes, high pressure environments, and has over 25 years of teaching, coaching and training experience.He specialises in working with traders, fund managers and markets and banking professionals across asset class and experience levels, at banks, funds, commodities trading houses, energy companies, utilities and proprietary trading groups across the globe, helping them to improve their decision making, risk taking, and ability to achieve and sustain high performance.Prior to starting his work with within the markets and banking sectors Steve provided sports psychology coaching to elite athletes and teams in over thirty different sports across the globe, with a particular interest in extreme, action, endurance and adventure sports; and he has also provided psychological coaching for professional poker players.His work is focused on delivering evidence-based practical strategies and tactics, drawn from the world’s of elite performance, psychology, behavioural science, neuroscience, decision science, and human physiology; and is delivered through a range of interventions including workshops, training programs, 1-1 coaching, speaking engagements, off-sites, research projects and assessments and testing.He is the author of ‘Bulletproof Trader’,’TraderMind’, ‘High Performance Trading’, ‘Sports Betting To Win’, and co-author of ‘The Traders Mind Journal’.Steve Ward - Website - https://performanceedgeconsulting.co.uk/LinkedIn - https://www.linkedin.com/in/steve-ward-32781622/Books - High Performance Trading - https://amzn.to/3rWaKCRTraderMind - https://amzn.to/3yFSh1jBulletProof Trader - https://amzn.to/3EHvJknWTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Linkedin - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 06/10/2022On todays episode of the WTFinance podcast I had the pleasure of speaking with David Hunter, a contrarian macro strategist with 49 years of experience on Wall Street. During our interview we spoke about David's overview of the market, why the market has bottomed, whether the S&P could hit 6,000 in 12 months and how all the market will then crash afterwards. I hope you enjoy!0:00 - Introductions1:25 - David’s overview of the market4:20 - Would a catalyst make David bearish?6:45 - The FED will not be the bullish story15:00 - Potential short squeeze17:15 - What will be the turning point for the top?19:35 - What will the secular shift be?26:12 - Challenge when bonds pay 6% return29:00 - What level will the S&P be?32:00 - Could the US and other governments ban the ownership of precious metals?35:00 - One message to takeaway from our conversation?Investment professional with 25 years of investment management experience and 20 years as a sell-side strategist with strong expertise in macroeconomic analysis and portfolio management. My strong macro capabilities combined with a contrarian philosophy have allowed me to forecast economic cycles and spot market trends well ahead of the consensus. Intellectually honest, independent thinker comfortable with charting a course apart from the crowd. Accomplished stock picker and value-oriented portfolio manager.David Hunter - Twitter - https://twitter.com/DaveHcontrarianLinkedIn - https://www.linkedin.com/in/david-hunter-668ba015/WTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Linkedin - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseasThumbnail from - https://coingape.com/web-stories/the-opposite-of-a-bear-is-bull-market/

Interview recorded - 06/10/2022On todays episode of the WTFinance podcast I had the pleasure of speaking with Grant Williams, an experienced investor who is the author of the Newsletter Things That Make You GO Hmmmmm and Co-Founder of the Real Vision Group.On the podcast we talked about the future secular trends we may experience, why governments will continue to take the easy way out, how this will lead to destruction of unproductive value and the potential for commodity backed reserve currency from BRICS. I hope you enjoy!0:00 - Introduction1:00 - Will we be changing secular trend?2:50 - Will governments continue to take the easy way out?7:15 - Losing faith in government bond markets?10:23 - What will the future bring?12:00 - Challenge with predicting collapse of the current system14:00 - Government protecting pension funds16:00 - More conflict between east vs west? 19:10 - Commodities-backed reserve countries led by BRICS?23:20 - Will the West sanction a BRICS backed commodity/system and make those countries uninvestable?25:55 - Will manufacturing and traditional value investing benefit from this future change?29:10 - Wealth divide?32:10 - Could crypto suffer in this environment?34:10 - One message to take away from our conversation?Grant Williams, much to his dismay, has logged over 35 years in finance. During that time, he’s lived and worked in seven major financial centres from London to Sydney, building the kind of network that many others can only dream about.He began his career in the Japanese equity market in the mid-1980s, before a three-year posting to Tokyo ensured he had a ringside seat as the twin bubbles in equities and real estate burst simultaneously and spectacularly at the end of 1989. After a short stint back in London, Grant relocated once again, this time to New York, where he spent 7 years. Subsequent postings have taken him to Hong Kong, Sydney, Singapore, and the Cayman Islands.Currently, he is a senior advisor to [Matterhorn Asset Management AG](https://goldswitzerland.com/) in Switzerland, and a portfolio and strategy advisor to [Vulpes Investment Management](https://www.vulpesinvest.com/) in Singapore.Back in 2014, Grant’s ambition to bring the most intelligent, engaging, and original people in finance to a wider audience led him to co-found [Real Vision](https://www.realvision.com/), an on-demand internet-based financial media platform.Grant’s twin Real Vision interview series, *In Conversation With…* and *On The Road* raised the bar for financial content – engaging and educating viewers in equal measure and helping them learn the secrets behind a group of extraordinary investors’ success.Long before Real Vision, however, Grant was guiding people around the fringes of finance with his regular newsletter, [Things That Make You Go Hmmm…], a publication which, from humble beginnings as a daily note to a few friends and colleagues, has grown into one of the most widely-read financial publications in the world.Grant Williams - Website - [https://www.grant-williams.com/](https://www.grant-williams.com/)Twitter - [https://twitter.com/ttmygh](https://twitter.com/ttmygh)WTFinance -Instagram - [https://www.instagram.com/wtfinancee/](https://www.instagram.com/wtfinancee/)Spotify - [https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn](https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn)TikTok - [https://vm.tiktok.com/ZMeUjj9xV/](https://vm.tiktok.com/ZMeUjj9xV/)iTunes - [https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4](https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4)Linkedin - [https://www.linkedin.com/in/anthony-fatseas-761066103/](https://www.linkedin.com/in/anthony-fatseas-761066103/)Twitter - [https://twitter.com/AnthonyFatseas](https://twitter.