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August 11, 2023 | BRICS Planned Alternative Currency on Shaky Ground

Bob Hoye has been in investment business for some 50 years, making him one of the more experienced researchers. His historical work has been thorough providing the first recognition of the fascinating transition from speculation in commodities to speculation in financial assets. It was controversial when Bob observed that “No matter how much the Fed prints, stocks will outperform commodities”. In January 2000, the research team concluded that the Dot-Com Bubble would peak in March 2000. In early 2007, the team outlined that the credit markets would reverse in May-June 2007. They did and the stock market followed. The latest was the call in early October for the Bitcoin Bubble to complete in December. Bob’s essays and speeches on political change and on actual climate change have been widely circulated.

You can’t print more grain, oil or uranium

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Archives August 11th, 2023

Posted In: Radio

One Comment

  • Michael says:

    Hi Bob and Jim. Zero Hedge headline: “Bitcoin Flash Crashes More Than $2,000 Amid Stale Reports SpaceX Sold Its Stake”. Bob, I thought Bitcoin was “going to the moon” atop Elon’s rockets. Is this an example of “what goes up, must come down”? A second question. Financial experts report that consumers have a lot of cash and excess credit card purchasing power and thus consumer spending will keep the USA and Canada out of recession. But tightening credit is putting pressure on businesses. Bob, I’m confused. Are we in a new consumer-led inflationary bull market or in the beginning of a deflationary bear market due to the unavailability of credit for refinancing? Will one cancel the other out leading to a “soft landing”?

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