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Pinnacle Digest

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Pinnacle Digest was established as an online financial newsletter for speculators and micro-cap investors over a decade ago. With the goal of bringing its readers and viewers industry leading coverage on the Canadian venture capital market, PD has built relationships with some of North America’s leaders in the space… from innovative CEOs to award winning geologists, tech entrepreneurs, venture capitalists and money managers, PD has leveraged its relationships with the aim to enhance both its coverage on sponsor companies and overall content creation approach. 

Renowned macro strategist David Hunter joins Alex on the pod to discuss his bold forecasts for the markets and the global economy. With 50 years of Wall Street experience, David shares why he believes we're heading for the biggest financial crisis in history—a "global bust" driven by excessive leverage, soaring debt, and central bank missteps. 

Despite calling for a 30–40% market melt-up before the crash, David predicts a severe financial unwind that could reshape the global economic landscape. He also delves into the future of gold, silver, and commodities, the role of central banks, and how policymakers may react to unprecedented challenges.

Follow David on X: @DaveHContrarian

If you really enjoy our content, subscribe to Pinnacle Digest's weekly email newsletter. Economics, geopolitics, and commodities are topics we routinely cover: https://pinnacledigest.com/ 

𝙁𝙊𝙇𝙇𝙊𝙒 𝙋𝙄𝙉𝙉𝘼𝘾𝙇𝙀 𝘿𝙄𝙂𝙀𝙎𝙏 𝙃𝙀𝙍𝙀 

▷ Official Site: https://www.pinnacledigest.com/

► Facebook: https://www.facebook.com/pinnacledigest

► Instagram: https://www.instagram.com/pinnacledigest/reels/?hl=en

► YouTube: https://www.youtube.com/channel/UC-PXFkfIyJmRowp2ANmnmug

Chapters
00:00 - Intro
00:34 - David Hunter Joins the Podcast
01:07 - The Melt-Up Prediction 
01:44 - Market Timing and S&P 500 Target
05:00 - Explaining the Parabolic Melt-Up 
06:18 - Using Sentiment, Fundamentals, and Technicals for S&P 500 Target
08:40 - How Will Trump Impact the Markets?
11:05 - Global Bust Explained 
15:10 - Central Bank Policy Missteps
16:20 - What Causes a Recession?
17:30 - The Federal Reserve’s Balance Sheet Shrinkage
19:25 - Who or What Really Controls Interest Rates?
22:45 - How Bad Will The Market Crash?
24:00 - Massive Monetary Stimulus and Its Consequences
35:40 - Treasuries, the Dollar, and Safe Assets 
37:09 - Gold, Silver, and Commodities Post-Bust 
40:00 - The 2030s Depression Scenario
42:56 - Hope for the Future: Trump’s Role and Free Market Policies
46:14 - Final Thoughts and Where to Follow David Hunter
47:15 - Disclaimer & Forward-Looking Statements PLEASE READ

#financialcrisis #meltup #davidhunter #financialmarket #S&P500 #macroinvesting #contrarian

DISCLAIMER: This video podcast (the “Video”) is not investment advice. The Video is intended for informational and entertainment purposes only. All statements in the Video are to be checked and verified by the viewer. The Video may contain technical or other inaccuracies, omissions, or errors, for which Maximus Strategic Consulting Inc. ("Maximus"), owner of PinnacleDigest.com and the Pinnacle Digest YouTube channel, assumes no responsibility. 

Neither Alexander Smith nor David Hunter are financial advisors. Before investing in any securities, commodities or cryptocurrencies, you should consult with your financial advisor and a registered broker-dealer. Alexander Smith and David Hunter (the "Contributors") have made wrong predictions in the past, and they'll likely do it again. Never make an investment based solely on what you hear or see in the Video. As with all investments, investors should carefully consider their investment objectives and risk tolerance before investing. Conduct your own thorough and independent due diligence to understand the risks associated with investing in any security, cryptocurrency and commodity.

All statements, other than statements of historical fact, that address activities, events or developments the Contributors expect or anticipate will or may occur in the future are forward-looking statements. Such forward-looking statements also include, but are not limited to, statements regarding: industry trends; inflation and deflation forecasts; future performance for individual stocks, commodities and cryptocurrencies; the future performance of stock markets and indices; monetary policy, and other estimates or expectations.

Much of the Video is comprised of statements of projection. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. 

Maximus and the Contributors disclaim all liability for any loss that may arise (whether direct, indirect, consequential, incidental, punitive or otherwise) from any use of the information in the Video. Information in the Video has been obtained from sources believed to be reliable, but Maximus and the Contributors make no representation or warranty as to the accuracy, timeliness or completeness of the content in the Video. Any opinion expressed in the Video is subject to change without notice.

Sources and supplementary information:

https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

Renowned macro strategist David Hunter joins Alex on the pod to discuss his bold forecasts for the markets and the global economy. With 50 years of Wall Street experience, David shares why he believes we're heading for the biggest financial crisis in history—a "global bust" driven by excessive leverage, soaring debt, and central bank missteps.

Despite calling for a 30–40% market melt-up before the crash, David predicts a severe financial unwind that could reshape the global economic landscape. He also delves into the future of gold, silver, and commodities, the role of central banks, and how policymakers may react to unprecedented challenges.

Follow David on X: @DaveHContrarian

If you really enjoy our content, subscribe to Pinnacle Digest's weekly email newsletter. Economics, geopolitics, and commodities are topics we routinely cover: https://pinnacledigest.com/

𝙁𝙊𝙇𝙇𝙊𝙒 𝙋𝙄𝙉𝙉𝘼𝘾𝙇𝙀 𝘿𝙄𝙂𝙀𝙎𝙏 𝙃𝙀𝙍𝙀

▷ Official Site: https://www.pinnacledigest.com/

► Facebook: https://www.facebook.com/pinnacledigest

► Instagram: https://www.instagram.com/pinnacledigest/reels/?hl=en

► YouTube: https://www.youtube.com/channel/UC-PXFkfIyJmRowp2ANmnmug

Chapters
00:00 - Intro
00:34 - David Hunter Joins the Podcast
01:07 - The Melt-Up Prediction
01:44 - Market Timing and S&P 500 Target
05:00 - Explaining the Parabolic Melt-Up
06:18 - Using Sentiment, Fundamentals, and Technicals for S&P 500 Target
08:40 - How Will Trump Impact the Markets?
11:05 - Global Bust Explained
15:10 - Central Bank Policy Missteps
16:20 - What Causes a Recession?
17:30 - The Federal Reserve’s Balance Sheet Shrinkage
19:25 - Who or What Really Controls Interest Rates?
22:45 - How Bad Will The Market Crash?
24:00 - Massive Monetary Stimulus and Its Consequences
35:40 - Treasuries, the Dollar, and Safe Assets
37:09 - Gold, Silver, and Commodities Post-Bust
40:00 - The 2030s Depression Scenario
42:56 - Hope for the Future: Trump’s Role and Free Market Policies
46:14 - Final Thoughts and Where to Follow David Hunter
47:15 - Disclaimer & Forward-Looking Statements PLEASE READ

#financialcrisis #meltup #davidhunter #financialmarket #S&P500 #macroinvesting #contrarian

DISCLAIMER: This video podcast (the “Video”) is not investment advice. The Video is intended for informational and entertainment purposes only. All statements in the Video are to be checked and verified by the viewer. The Video may contain technical or other inaccuracies, omissions, or errors, for which Maximus Strategic Consulting Inc. ("Maximus"), owner of PinnacleDigest.com and the Pinnacle Digest YouTube channel, assumes no responsibility.

Neither Alexander Smith nor David Hunter are financial advisors. Before investing in any securities, commodities or cryptocurrencies, you should consult with your financial advisor and a registered broker-dealer. Alexander Smith and David Hunter (the "Contributors") have made wrong predictions in the past, and they'll likely do it again. Never make an investment based solely on what you hear or see in the Video. As with all investments, investors should carefully consider their investment objectives and risk tolerance before investing. Conduct your own thorough and independent due diligence to understand the risks associated with investing in any security, cryptocurrency and commodity.

All statements, other than statements of historical fact, that address activities, events or developments the Contributors expect or anticipate will or may occur in the future are forward-looking statements. Such forward-looking statements also include, but are not limited to, statements regarding: industry trends; inflation and deflation forecasts; future performance for individual stocks, commodities and cryptocurrencies; the future performance of stock markets and indices; monetary policy, and other estimates or expectations.

Much of the Video is comprised of statements of projection. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.

Maximus and the Contributors disclaim all liability for any loss that may arise (whether direct, indirect, consequential, incidental, punitive or otherwise) from any use of the information in the Video. Information in the Video has been obtained from sources believed to be reliable, but Maximus and the Contributors make no representation or warranty as to the accuracy, timeliness or completeness of the content in the Video. Any opinion expressed in the Video is subject to change without notice.

Sources and supplementary information:

https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

YouTube Video VVUtUFhGa2ZJeUptUm93cDJBTm1ubXVnLkpPeTA5ZUJUODJr

The Biggest Financial Crisis in History? David Hunter’s Market Forecast

Pinnacle Digest December 19, 2024 9:57 pm

The Dark Side Of Managing Billions | Hugh Hendry’s Story

Pinnacle Digest December 14, 2024 3:32 am

In a recent podcast, Alex chatted with Steve Robertson, the CEO of our sponsor and client, a copper exploration company with a focus in Arizona. 

IMPORTANT: This video podcast was produced and disseminated on behalf of Prismo Metals Inc.

Alex and Steve discuss the intricate dynamics of the global copper market as economies grapple with the pressures of the green energy transition, changing administrations, and geopolitical tensions. And while Trump's administration may influence the pace of the green energy transition, Steve suggests they won’t materially slow down copper demand globally. 

Be sure to subscribe to our channel for deeper insights into the global commodities market.

00:00 - Intro
00:30 - Copper's Role In The Global Economy
01:00 - Challenges To Copper's Price In The Near Term?
01:43 - Welcoming Steve Robertson to the Pod
02:46 - Global Copper Supply and Demand
04:49 - China Is The Biggest Player in the Copper Market
05:51 - Will Trump's Policies Impact Copper Demand?
07:50 - Resource Nationalism & Safe Global Mining Jurisdictions
10:49 - Sponsorship Details and Important Disclosures 
11:05 - Introduction of Prismo Metals and the Hot Breccia Project
12:15 - The Arizona Copper Belt
13:10 - Resolution Copper
14:27 - Ownership and Earn-In Details for the Hot Breccia Project
15:16 - Artificial Intelligence and Mineral Exploration?
17:30 - European Venture Capital Sentiment
18:02 - The Palos Verdes Project
22:20 - Community Relations in Mexico
23:09 - Drill Program Goal
24:05 - Disclosure & Compensation PLEASE READ

IMPORTANT: This video podcast was produced and disseminated on behalf of Prismo Metals Inc. by Maximus Strategic Consulting Inc., the owner of PinnacleDigest.com and the Pinnacle Digest YouTube channel. Prismo Metals Inc. ("Prismo Metals" or the "Company") is a client and sponsor of PinnacleDigest.com ("Pinnacle Digest" or "Maximus Strategic Consulting Inc." or "we" or "us") and this video podcast. Prismo Metals has paid Maximus Strategic Consulting Inc. CAD$16,000 plus GST to provide online advertisement coverage for the Company for six months. The advertising services include, but are not limited to, the production and dissemination, through Pinnacle Digest's email newsletter and YouTube channel, of this video podcast highlighting Prismo Metals and disseminating Prismo Metals' news in our email newsletter. We (Maximus Strategic Consulting Inc.) own shares and warrants of Prismo Metals which were acquired by participating in Prismo Metals’ private placement that closed on June 19, 2024. We intend to sell every share we own of Prismo Metals for our own profit. All shares we currently own or may purchase in the future of Prismo Metals will be sold without notice to Pinnacle Digest’s subscribers or the general public. Please recognize that Maximus Strategic Consulting Inc. benefits from price and trading volume increases in Prismo Metals. Because Prismo Metals has paid us for our online marketing and advertising services, and we (Maximus Strategic Consulting Inc.) own shares and warrants of the company, you must recognize the inherent conflict of interest involved that may influence our perspective of Prismo Metals.

This video podcast does not constitute an offer to sell or a solicitation of an offer to buy Prismo Metals’ securities. Conduct your own thorough and independent due diligence to properly understand the risks associated with investing in a speculative company of this nature. A good place to start your due diligence is reviewing Prismo Metals’ Sedar+ filings at www.sedarplus.ca. Please also read carefully the 'Disclosure, Compensation, Risks Involved and Forward-Looking Statements' section at the end of this video podcast.

The securities of Prismo Metals are highly speculative. The Company does not have revenue-generating operations and is in the early stages of exploration. Since inception, the Company has had negative cash flow from operations and incurred losses. There is no guarantee the Company will ever achieve revenue.

Pinnacle Digest, including its video commentators and contributors, are not a registered broker-dealer, investment advisors or financial advisors. Before investing in any securities, consult your financial advisor and a registered broker-dealer. All information provided in Pinnacle Digest's videos is for informational purposes only, and is not intended for trading purposes or financial, investment, tax, legal, accounting or other advice. 


This video may not be reproduced or otherwise used, in whole or in part.
Learn more about Prismo Metals Inc. here: https://prismometals.com/


#copper 
#mining 
#arizonacopper
#silver

In a recent podcast, Alex chatted with Steve Robertson, the CEO of our sponsor and client, a copper exploration company with a focus in Arizona.

IMPORTANT: This video podcast was produced and disseminated on behalf of Prismo Metals Inc.

Alex and Steve discuss the intricate dynamics of the global copper market as economies grapple with the pressures of the green energy transition, changing administrations, and geopolitical tensions. And while Trump's administration may influence the pace of the green energy transition, Steve suggests they won’t materially slow down copper demand globally.

Be sure to subscribe to our channel for deeper insights into the global commodities market.

00:00 - Intro
00:30 - Copper's Role In The Global Economy
01:00 - Challenges To Copper's Price In The Near Term?
01:43 - Welcoming Steve Robertson to the Pod
02:46 - Global Copper Supply and Demand
04:49 - China Is The Biggest Player in the Copper Market
05:51 - Will Trump's Policies Impact Copper Demand?
07:50 - Resource Nationalism & Safe Global Mining Jurisdictions
10:49 - Sponsorship Details and Important Disclosures
11:05 - Introduction of Prismo Metals and the Hot Breccia Project
12:15 - The Arizona Copper Belt
13:10 - Resolution Copper
14:27 - Ownership and Earn-In Details for the Hot Breccia Project
15:16 - Artificial Intelligence and Mineral Exploration?
17:30 - European Venture Capital Sentiment
18:02 - The Palos Verdes Project
22:20 - Community Relations in Mexico
23:09 - Drill Program Goal
24:05 - Disclosure & Compensation PLEASE READ

IMPORTANT: This video podcast was produced and disseminated on behalf of Prismo Metals Inc. by Maximus Strategic Consulting Inc., the owner of PinnacleDigest.com and the Pinnacle Digest YouTube channel. Prismo Metals Inc. ("Prismo Metals" or the "Company") is a client and sponsor of PinnacleDigest.com ("Pinnacle Digest" or "Maximus Strategic Consulting Inc." or "we" or "us") and this video podcast. Prismo Metals has paid Maximus Strategic Consulting Inc. CAD$16,000 plus GST to provide online advertisement coverage for the Company for six months. The advertising services include, but are not limited to, the production and dissemination, through Pinnacle Digest's email newsletter and YouTube channel, of this video podcast highlighting Prismo Metals and disseminating Prismo Metals' news in our email newsletter. We (Maximus Strategic Consulting Inc.) own shares and warrants of Prismo Metals which were acquired by participating in Prismo Metals’ private placement that closed on June 19, 2024. We intend to sell every share we own of Prismo Metals for our own profit. All shares we currently own or may purchase in the future of Prismo Metals will be sold without notice to Pinnacle Digest’s subscribers or the general public. Please recognize that Maximus Strategic Consulting Inc. benefits from price and trading volume increases in Prismo Metals. Because Prismo Metals has paid us for our online marketing and advertising services, and we (Maximus Strategic Consulting Inc.) own shares and warrants of the company, you must recognize the inherent conflict of interest involved that may influence our perspective of Prismo Metals.

This video podcast does not constitute an offer to sell or a solicitation of an offer to buy Prismo Metals’ securities. Conduct your own thorough and independent due diligence to properly understand the risks associated with investing in a speculative company of this nature. A good place to start your due diligence is reviewing Prismo Metals’ Sedar+ filings at www.sedarplus.ca. Please also read carefully the 'Disclosure, Compensation, Risks Involved and Forward-Looking Statements' section at the end of this video podcast.

The securities of Prismo Metals are highly speculative. The Company does not have revenue-generating operations and is in the early stages of exploration. Since inception, the Company has had negative cash flow from operations and incurred losses. There is no guarantee the Company will ever achieve revenue.

Pinnacle Digest, including its video commentators and contributors, are not a registered broker-dealer, investment advisors or financial advisors. Before investing in any securities, consult your financial advisor and a registered broker-dealer. All information provided in Pinnacle Digest's videos is for informational purposes only, and is not intended for trading purposes or financial, investment, tax, legal, accounting or other advice.


This video may not be reproduced or otherwise used, in whole or in part.
Learn more about Prismo Metals Inc. here: https://prismometals.com/


#copper
#mining
#arizonacopper
#silver

YouTube Video VVUtUFhGa2ZJeUptUm93cDJBTm1ubXVnLnotd3l6c0FneWlR

Who's Really in Control of The Global Copper Market?

Pinnacle Digest December 13, 2024 10:08 pm

The biggest heist in world history is happening in slow motion hundreds of metres below the earth's surface every day. 

A drug gang has already stolen an estimated 3.2 tons of gold worth more than $200 million from Chinese mining giant Zinjin. 

Since it took over operations from Canadian Continental Gold in 2020, the Chinese company has battled with criminal groups reportedly taking control of at least 60% of its mining areas. 

This is the mother lode of gold in Latin America and Colombia's richest gold mine. Colombia's Defense Minister is hesitant to get involved as the drug gang has a militia of 7,000 strong and is extremely violent. 

The gang is continuing to seize and defend Zijin tunnels on behalf of illegal miners in exchange for a cut of the spoils.

If you really enjoy our content, subscribe to Pinnacle Digest's weekly email newsletter.  

Here, we routinely cover social, finance, and commodity-related topics: https://pinnacledigest.com/  

#colombia  #gold  #mining  #illegalminers  #cartel  


Sources and supplementary information:  

https://www.livemint.com/special-report/a-drug-gang-stole-3-tons-of-gold-in-a-scam-so-perfect-it-s-still-going-11731477101268.html

https://dialogue.earth/en/business/conflicts-organized-crime-lawsuits-zijin-colombian-gold-mine/


Disclaimer: The content in this video must not be construed as tax, legal, insurance, financial advice, or other & may be outdated or inaccurate. This video does not provide a complete overview of the subject matter discussed. Pinnacle Digest, including its video commentators, are not a registered broker-dealer or financial advisors. Before investing in anything, consult your financial advisor, tax advisor, and other relevant industry professionals.

The biggest heist in world history is happening in slow motion hundreds of metres below the earth's surface every day.

A drug gang has already stolen an estimated 3.2 tons of gold worth more than $200 million from Chinese mining giant Zinjin.

Since it took over operations from Canadian Continental Gold in 2020, the Chinese company has battled with criminal groups reportedly taking control of at least 60% of its mining areas.

This is the mother lode of gold in Latin America and Colombia's richest gold mine. Colombia's Defense Minister is hesitant to get involved as the drug gang has a militia of 7,000 strong and is extremely violent.

The gang is continuing to seize and defend Zijin tunnels on behalf of illegal miners in exchange for a cut of the spoils.

If you really enjoy our content, subscribe to Pinnacle Digest's weekly email newsletter.

Here, we routinely cover social, finance, and commodity-related topics: https://pinnacledigest.com/

#colombia #gold #mining #illegalminers #cartel


Sources and supplementary information:

https://www.livemint.com/special-report/a-drug-gang-stole-3-tons-of-gold-in-a-scam-so-perfect-it-s-still-going-11731477101268.html

https://dialogue.earth/en/business/conflicts-organized-crime-lawsuits-zijin-colombian-gold-mine/


Disclaimer: The content in this video must not be construed as tax, legal, insurance, financial advice, or other & may be outdated or inaccurate. This video does not provide a complete overview of the subject matter discussed. Pinnacle Digest, including its video commentators, are not a registered broker-dealer or financial advisors. Before investing in anything, consult your financial advisor, tax advisor, and other relevant industry professionals.

YouTube Video VVUtUFhGa2ZJeUptUm93cDJBTm1ubXVnLlZ3NUZJU2JJV3NB

Cartel Robs Colombia’s Richest Gold Mine

Pinnacle Digest December 9, 2024 6:32 pm

In the latest Pinnacle Digest pod, legendary economist Marc Faber, editor of the Gloom, Boom & Doom Report, shares his expert insights with Alexander Smith on the ongoing debate between Bitcoin vs Gold as the ultimate safe haven asset. 

Known for predicting major financial crashes, Faber discusses why he believes precious metals like gold and silver have stood the test of time, while he critiques Bitcoin as an "illusion" in times of crisis.

Alex and Marc explore themes like monetary inflation, the risks of central bank policies, and the global asset bubble that threatens financial stability. Faber dives into his personal experiences with socialism, capitalism, and the collapse of fiat currencies. 

If you really enjoy our content, subscribe to Pinnacle Digest's weekly email newsletter. Economics, geopolitics, and commodities are topics we routinely cover: https://pinnacledigest.com/ 

Chapters
00:00 - Intro
01:34 - The Abandonment of Socialism and the Success of Capitalism
03:58 - Lessons from Prague in August of 1968 Before and During the Russian Invasion
07:23 - Extreme Poverty is the Result of Socialism
08:23 - The Magic of Freedom and the Ails of Socialism
10:13 - China's Real Estate Crisis and the Disaster of Deficit Spending
11:25 - The Whole World is Gambling on NVIDIA as U.S. Market Valuations and Sentiment Hit All-Time Highs
13:53 - Marc Likes Asia Because of Higher Output and Productivity but Laments the Spoiled Nature of the West
15:03 - Marc Faber on the US dollar, Inflation, and Why Diversification is Critical
19:35 - US Assets, US Real Estate Prices are Up in the Sky
20:30 - The Impact of Monetary Inflation and Central Bank Dilemmas
22:44 - Why It's So Hard to Stop Monetary Inflation, Fiscal Deficits, and Economic Pain
25:44 - Can the Fed Keep the Game Going for another 5, 10 or 20 years?
27:43 - Real Economic Growth is Negative, Asset Bubbles and the Cost of Higher Asset Prices
31:32 - Marc Faber Calls Dollar Devaluation in 1971, 1987 Market Collapse and Emerging Market Opportunities
35:18 - Lessons from Polaroid
37:47 - Marc Faber's Take on Bitcoin, Distrust of Central Banks, and Why He Holds Gold
41:34 - Colossal Asset Bubbles and the Future of US Equities
43:30 - Asset Holder, Economist and Social Observer
45:18 - The Wrap-Up and Merry Christmas
45:48 - Disclaimer & Forward-Looking Statements PLEASE READ

Recommended Reading: 

The Economics of Inflation: 
https://www.amazon.ca/Economics-Inflation-Costantino-Bresciani-Turroni/dp/1646793625

This Time Is Different: 
https://www.amazon.ca/This-Time-Different-Centuries-Financial/dp/0691152640

Capitalism, Socialism and Democracy: 
https://www.amazon.ca/Capitalism-Socialism-and-Democracy/dp/0043350321

Sources and supplementary information:
https://www.gloomboomdoom.com/
https://tradingeconomics.com/commodity/coffee

#gold 
#bitcoin 

THIS VIDEO IS NOT INVESTMENT ADVICE. This video is intended for informational and entertainment purposes only. All statements in this video are to be checked and verified by the viewer. This video may contain technical or other inaccuracies, omissions, or errors, for which Maximus Strategic Consulting Inc. ("Maximus"), owner of PinnacleDigest.com and the Pinnacle Digest YouTube channel, assumes no responsibility. Neither Alexander Smith nor Marc Faber are financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. 

Alexander Smith and Marc Faber ( the "Contributors") have made wrong predictions in the past, and they'll likely do it again. Never make an investment based solely on what you hear or see in this video. 

As with all investments, investors should carefully consider their investment objectives and risk tolerance before investing. Conduct your own thorough and independent due diligence to understand the risks associated with investing in any security, cryptocurrency and commodity.

All statements, other than statements of historical fact, that address activities, events or developments the Contributors expect or anticipate will or may occur in the future are forward-looking statements. Such forward-looking statements also include, but are not limited to, statements regarding: industry trends; inflation forecasts; future performance for individual stocks, commodities and cryptocurrencies; the future performance of stock markets and indices, and other estimates or expectations.

Much of this video is comprised of statements of projection. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Maximus and the Contributors disclaim all liability for any loss that may arise (whether direct, indirect, consequential, incidental, punitive or otherwise) from any use of the information in this video. Any opinion expressed in this video is subject to change without notice.

In the latest Pinnacle Digest pod, legendary economist Marc Faber, editor of the Gloom, Boom & Doom Report, shares his expert insights with Alexander Smith on the ongoing debate between Bitcoin vs Gold as the ultimate safe haven asset.

Known for predicting major financial crashes, Faber discusses why he believes precious metals like gold and silver have stood the test of time, while he critiques Bitcoin as an "illusion" in times of crisis.

Alex and Marc explore themes like monetary inflation, the risks of central bank policies, and the global asset bubble that threatens financial stability. Faber dives into his personal experiences with socialism, capitalism, and the collapse of fiat currencies.

If you really enjoy our content, subscribe to Pinnacle Digest's weekly email newsletter. Economics, geopolitics, and commodities are topics we routinely cover: https://pinnacledigest.com/

Chapters
00:00 - Intro
01:34 - The Abandonment of Socialism and the Success of Capitalism
03:58 - Lessons from Prague in August of 1968 Before and During the Russian Invasion
07:23 - Extreme Poverty is the Result of Socialism
08:23 - The Magic of Freedom and the Ails of Socialism
10:13 - China's Real Estate Crisis and the Disaster of Deficit Spending
11:25 - The Whole World is Gambling on NVIDIA as U.S. Market Valuations and Sentiment Hit All-Time Highs
13:53 - Marc Likes Asia Because of Higher Output and Productivity but Laments the Spoiled Nature of the West
15:03 - Marc Faber on the US dollar, Inflation, and Why Diversification is Critical
19:35 - US Assets, US Real Estate Prices are Up in the Sky
20:30 - The Impact of Monetary Inflation and Central Bank Dilemmas
22:44 - Why It's So Hard to Stop Monetary Inflation, Fiscal Deficits, and Economic Pain
25:44 - Can the Fed Keep the Game Going for another 5, 10 or 20 years?
27:43 - Real Economic Growth is Negative, Asset Bubbles and the Cost of Higher Asset Prices
31:32 - Marc Faber Calls Dollar Devaluation in 1971, 1987 Market Collapse and Emerging Market Opportunities
35:18 - Lessons from Polaroid
37:47 - Marc Faber's Take on Bitcoin, Distrust of Central Banks, and Why He Holds Gold
41:34 - Colossal Asset Bubbles and the Future of US Equities
43:30 - Asset Holder, Economist and Social Observer
45:18 - The Wrap-Up and Merry Christmas
45:48 - Disclaimer & Forward-Looking Statements PLEASE

Recommended Reading:

The Economics of Inflation:
https://www.amazon.ca/Economics-Inflation-Costantino-Bresciani-Turroni/dp/1646793625

This Time Is Different:
https://www.amazon.ca/This-Time-Different-Centuries-Financial/dp/0691152640

Capitalism, Socialism and Democracy:
https://www.amazon.ca/Capitalism-Socialism-and-Democracy/dp/0043350321

Sources and supplementary information:
https://www.gloomboomdoom.com/
https://tradingeconomics.com/commodity/coffee

#gold
#bitcoin

THIS VIDEO IS NOT INVESTMENT ADVICE. This video is intended for informational and entertainment purposes only. All statements in this video are to be checked and verified by the viewer. This video may contain technical or other inaccuracies, omissions, or errors, for which Maximus Strategic Consulting Inc. ("Maximus"), owner of PinnacleDigest.com and the Pinnacle Digest YouTube channel, assumes no responsibility. Neither Alexander Smith nor Marc Faber are financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer.

Alexander Smith and Marc Faber ( the "Contributors") have made wrong predictions in the past, and they'll likely do it again. Never make an investment based solely on what you hear or see in this video.

As with all investments, investors should carefully consider their investment objectives and risk tolerance before investing. Conduct your own thorough and independent due diligence to understand the risks associated with investing in any security, cryptocurrency and commodity.

All statements, other than statements of historical fact, that address activities, events or developments the Contributors expect or anticipate will or may occur in the future are forward-looking statements. Such forward-looking statements also include, but are not limited to, statements regarding: industry trends; inflation forecasts; future performance for individual stocks, commodities and cryptocurrencies; the future performance of stock markets and indices, and other estimates or expectations.

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