Retail Silver Market Has Seized Up-David Morgan

Retail Silver Market Has Seized Up-David MorganBy Greg Hunter’s

Silver expert David Morgan says prices of the white metal may be low, but demand is huge. Morgan explains, “I did a survey of many of the top wholesalers and retailers in the country and came to the conclusion that the retail side of the market has basically seized up. One of the biggest mints in the U.S. is backlogged about 4 million ounces. You have two other main government mints that are basically on halt and not producing, or trying to catch up. You have huge premiums in the silver bar market and extremely high premiums in the silver bag market, or what is referred to in the industry as junk silver. Dealers are paying $5 above spot to source silver bags. What that equates to for the cost of silver is about $19.25 an ounce, and we are in the mid-$14 range for an ounce of silver. So, obviously, there is a huge demand that cannot be met with the current supply in the retail market.”

Morgan also says silver is an inflation adjusted deal. Morgan contends, “The average mining cost used to be about $22 an ounce, but with the oil price dropping, it’s now about $15. In most cases, you are buying it for less than the best producers on the planet can produce it for. . . . We are basically at the same price, using the true money supply, when it was $5 silver in the early 2000’s. So, if you look at all the fiat currency floating around now, and you use that metric, you are buying silver at the same price (inflation adjusted) as you were in the early 2000’s.”

So, why all the demand? It could be fear of what is coming, and Morgan thinks what is coming is the same thing that has happened to Argentina when its currency crashed. Morgan explains, “People lost their bank savings. People lined up in the street and grabbed pots and pans and spoons and go to the banks at lunchtime and, in unison, pound on the bank in protest. People took to the streets. 40% of the middle class became below the poverty line. You could not access your savings. You could go to the bank, but you could only withdraw a certain amount. Sound familiar? It’s exactly what happened Greece. There were many people unemployed and people taking to the streets saying that they were victims of the IMF (International Monetary Fund). . . . The U.S. could turn into Argentina, and I believe it will happen. Why did this happen in Argentina? Overspending–this is the bottom line of why it took place.”

On the Fed raising interest rates, Morgan says, “I think they will, and they are going to show how tough the Fed is and that they do what they say. They are going to raise them a quarter of a point. It’s a very small amount. It’s not like they are going to raise interest rates up to 4% or 5%. That would be devastating, and that is not going to happen.”

The main problem America and the world has is what Morgan calls “the debt bomb.” He says the debt is at the center of the black hole of our problems. Morgan explains, “We are reaching a limit. All systems reach a limit. No tree grows to the sky.”

In March, Morgan predicted September as a time of increasing turmoil in financial markets and thinks it’s downhill from here. On the continuing turmoil, Morgan says, “It will be ebb and flow, but the trend is increasing, increasing and increasing. It will, unfortunately, in my strong opinion, it will get worse before it gets better.”

Join Greg Hunter as he goes One-on-One with David Morgan of

(There is much more on the video interview.

After the Interview:
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  1. Grafique

    Just checked, they have Canadian silver ounces available – but not all types, some years are sold out. What they do have goes for about $21 – $22/oz, which is $6.50 – $7.50/oz over spot. What is that, like a 40% – 50% premium? And some of their products don’t ship for two weeks.
    Unbelievable! And it’s just going to get worse for the near future at least.

    At least it’s available. Not sure how long that’ll last.

    • Smaulgld

      I started charting American Silver Eagle premiums this summer on Apmex.

      To buy just a few coins you pay about a 40% premium over the spot price of silver
      Other generic rounds and larger bars have far lower premiums.

      You can track silver eagle premiums here

      • Chris

        Stick with generic rounds .
        You wont get that premium when selling

    • al Hall

      Just out today is this article about silver shortages. And it will get a lot worse as the people that have silver will not sell at any prices now! They are aware of what’s coming!

      • Smaulgld

        I corresponded with a Mexican gentleman who was perplexed that the bank- Banca Azteca -where he buys a Mexican Silver Libertad or two each week was no longer selling them.

        Earlier this week he went to pick up one an the sign on the window advertising Libertads was removed. He could not get an answer from the branch manager why they were not selling the Libertads any more.
        He called other branches and could not get straight answer.

        We then found the story that you linked that confirmed that Libertads were no longer being sold.

        He suspects that the Bank of Mexico is holding on to the coins (hoarding) and not delivering them to Banca Azteca which is the bank that sells them across mexico.

        My contact says that coin dealers are pretty much non existent in Mexico and banca azteca is the the main source to get silver coins.

        Here is the bank’s link -it’s being updated but no coins are being sold

        Here is Hugo Salinas Price talking about Libertads and Banca Azteca

        • WD


          I just get the one ounce bars, they seem to be more plentiful and cheaper.

          Why would I want the coins vs the bars?

  2. paul

    David Morgan has it right … interest rates will rise … and the interest on the national debt will probably add $1 trillion to the upcoming QE4 printing episode … so how large will QE4 ultimately be? … well if the Fed has to buy all the outstanding Treasuries held by foreigners it will have to print up an additional $8 trillion dollars … then if it has to buy up about half of the interest rate derivatives that the banks hold (that will go bad because of the Fed interest rate rise) that will likely add an additional $100 trillion dollars … so the size of QE4 could roughly be about $109 trillion dollars … which is about as much as all the US currency presently in circulation!

    Now if … if QE4 doubles the outstanding US currency it will dilute away half its purchasing value … and this means any upcoming bank holiday and currency re-set will likely be one that cuts the value of the present US dollar in half … then anything imported into the US will cost Americans twice as much (for example instead of an imported 3 liter can of extra virgin (cold pressed) olive oil costing $20 dollars … the price will immediately jump to $40 dollars a can, etc., etc.) … as for gold … it could quickly reset to $2300 dollars per ounce once the re-set occurs (and the silver price re-set to over $50) … once such massive devaluations of the currency by the Fed become common place … the sky is the limit (just look at what took place in Zimbabwe) … the common people will be clamoring for increases in their Social Security checks (hence more printing will be necessary) … the Military/Industrial complex budget will have to be increased (more printing) … all other entitlement programs and health care will cost more fiat dollars (more printing) … and the budget deficit will skyrocket … just like our infinitely expanding universe more and more money will have to be printed out of thin air … and before you know it … the present US dollar will be worth 1/10th of it’s current value … then 1/100th of its value … as for gold and silver in such a hyper-inflation … their price will far exceed the current “inflation adjusted” price Jim Sinclair sees of $50,000 dollar per ounce for gold … and the $600 dollar per ounce for silver that John Williams has calculated.

    • paul

      The Fed is saying that interest rates will rise to 3.5% over the coming 24 months … don’t believe it … once they get their QE4 rolling we will likely see interest rates rise to a minimum of 15% … that is when it may be appropriate to buy bonds with gold … however lets get there first … so we can be better able to determine “the correct action” to take.

      • paul

        Those currently holding bonds will be in for a hair cut of their principle as rates rise … the savvy ones will sell before the slaughter … when they sell are they just going to “hold cash” ? … when QE4 is going to rob away half the purchasing power of cash? … where will they run? … take a guess!

        As for the stock market … rising rates will create a big downdraft … money will be pulled out … to be held in cash that is losing purchasing power? … where will they run? … take another guess!

        So it becomes very clear that rising interest rates will light a fire under the precious metals!

        The stock market will recover (in nominal terms) before the bond market because a good company on the stock exchange will represent “value” and that value will have to realized to some degree with cash worth half as much as today … therefore it’s “nominal stock price” should double in the new depreciated currency … effectively what will happen is: the stock of XYZ company will initially lose half its stock price value as the market crashes … but then because the currency itself loses have its value … the price of XYZ stock will return to it’s initial stock price (in depreciated dollars) … so people will look upon stocks as a way to preserve the nominal value of their “perceived wealth” (in depreciated dollars) … but it will all be smoke and mirrors … only the people who will truly hold on to their “real wealth” will be those who own gold and silver.

        • paul

          Some of you may be saying: How could the Fed get away with printing so much money (debt) during QE4 (that it will in effect produce a doubling of the currency supply) … it sounds too preposterous … well lets look at some Fed history to see exactly how much they in fact increase the money supply each year … forty-four years ago when the US first made the switch to a pure fiat currency system … the federal government owed $400 billion “dollars” … since then the outstanding debt created out of thin air has ballooned to $18 trillion “dollars” … that’s a 4,400 percent increase in the “dollars” outstanding … now divide 4,400 percent by 44 years and you can easily see the Fed has never had a problem increasing our debt (dollars) by 100% a year … so lets do a 100% increase from the current $18 trillion dollars … it gives $36 trillion … a 100% increase from $36 trillion dollars gives $72 trillion … a 100% increase from $72 trillion dollars gives $144 trillion … so QE4 will take a little over 2 years to implement a doubling of the dollars in debt outstanding (cutting the value of our currency in half) just to keep their Ponzi scheme going … and history has been a pretty reliable guide as to what will take place in the future!

          • paul

            Perhaps this will “more clearly explain” what I am trying to say above … and that is … by implementing QE4 it will take only about 2.5 years for the Fed to create debt “equivalent to” to all the physical paper currency currently in the United States.

          • Randy

            The reason why minted coins are better is because of the absolutely HUGE amount of infrastructure you need to make a coin over merely casting some bars in a mold. Thus, it is more difficult, much more difficult to make a fake coin than a fake bar of gold or silver. Soon, you will see old copper pennies (pre 1982) becoming much sought after, with the earlier the more valuable.
            Unless you have an accurate scale and can measure the volume of the bars or coins, you will not be able to discern if you are getting ripped off or not. The silver bars can easily be diluted with zinc, copper, lead and other cheap metals and you’d never know it!
            What gives PM their long lived perceived purchasing power (confidence in their storage of wealth over time) is the fact that lots of human labor is represented by them. Fiat paper currencies and electronic bookkeeping entries that can all disappear in the blink of an eye, well, not so much.


            • Freebreezer

              Randy, an accurate scale will not discern if a gold coin or bar is clad over tungsten or pure silver is drilled and back filled with lead. Per gold, tungsten essentially weighs the same and the finest scales will not pick up this discrepancy ..1/4 of 1 %. Note it is a volume vs. weight equation. Like wise with silver … Lead is heaver, thus leave a small void to get the same density. Weighing in water and all the hocus pocus on youtube will not detect this fraud. Two options drill and/or cut in half or send to a refiner. The cheap plated fakes are easily detected but the professional clad bars and coins (i.e. a thickness above ~.5mm) are not.

          • Jim

            –now divide 4,400 percent by 44 years and you can easily see the Fed has never had a problem increasing our debt (dollars) by 100% a year–

            That’s not 100% a year. What were the actual yearly increases? Was there ever a year where it outright doubled in that one single year?

          • nitro

            first they are going to give us HOKUS POKUS OF THE FOCUS……….THEN THEY ARE GOING TO HUCKUS , BUCKUS AND PHUCKUS. just wait and see. nitro

    • Vince Shook

      Hi Paul,
      You have the fundamentals analyzed properly. I worry, however, that just as in the present day situation, relying on common sense and fundamental analysis will be hazardous to our economic health. Manipulation of markets, metals, interest rates, etc. has resulted in most of us losing out on the biggest increase in stock market wealth ever, as we sat on the sidelines expecting fundamentals to rule. We are fighting the Fed, foreign central banks, the Plunge Protection Team, etc., etc. as we sit and watch and hope for some fantasy miracle to change things (black swans, 7 year cycles, blood moons, etc.). Are the banking cartels + politicians + large corporations all so heavily invested in this “new normal” that the rest of us ignore this situation to our peril? Knowledge of these things dictates prudence, patience and diversification. At any time, the rules can be changed by these sociopaths to suit their cartel interests.

      • paul

        Vince … you are right with what you say … but betting on a rise in precious metals right now “is not fighting the Fed at all” but is in fact getting on board to ride along with coming Fed actions!

    • Smaulgld

      “the interest on the national debt will probably add $1 trillion to the upcoming QE4 printing episode … so how large will QE4 ultimately be? ” That is an argument that many make against a rate hike BUT consider

      The US not only can’t afford to pay the increased interest on the debt but can’t pay off its $19T deficit and hundreds of trillions in unfuncded liabilities.

      How does the US pay then? By issuing MORE debt- Ponzi 101.

      How do you issue more debt if people stop buying it? – you put it on sale and pay more interest by raising rates.

      With the new bond sales you pay off the interest- problem solved in Ponziland.

      • Vince Shook

        Hi Smaulgold,
        Doesn’t the Fed rebate interest paid to it by the U.S. Treasury, on all US bills,notes and bonds it owns? If so, doesn’t this mean that it costs our U.S. treasury nothing (no interest) to sell its bonds, etc. to the Fed? Thus, our deficit, if eventually fully monetized by the Fed, would essentially become interest free.

    • Randy

      The reason why minted coins are better is because of the absolutely HUGE amount of infrastructure you need to make a coin over merely casting some bars in a mold. Thus, it is more difficult, much more difficult to make a fake coin than a fake bar of gold or silver. Soon, you will see old copper pennies (pre 1982) becoming much sought after, with the earlier the more valuable.
      Unless you have an accurate scale and can measure the volume of the bars or coins, you will not be able to discern if you are getting ripped off or not. The silver bars can easily be diluted with zinc, copper, lead and other cheap metals and you’d never know it!
      What gives PM their long lived perceived purchasing power (confidence in their storage of wealth over time) is the fact that lots of human labor is represented by them. Fiat paper currencies and electronic bookkeeping entries that can all disappear in the blink of an eye, well, not so much.


    • Brewmaster

      Paul, it seems very unlikely that your scenario will take place, as debt in our trading partners is mostly equal or larger than our, as in Japan. Japanese currency will continue to depreciate vs. our dollar. We might continue to print currency, but so will everyone else, some faster, some slower. In the meantime, gold and silver seem content to continue to trend lower, where the bottom lies, no one knows.

  3. southernpatriot

    Hey Greg,Excellent program.Thank you for helping me to understand not only global politics, the banking industry and especially “To fear Not” . during these trouble times we are living in ! This is pretty scary stuff. We reap what we sow !
    Back in the 70’s ,”when I wore a younger man’s clothes” I had a chance to buy gold at a crazy price of $35.00 an ounce. I missed that boat! I think I was making about .85 cent to $1.25 cents an hour. I think I worked 20-25 hrs. a week. I payed$100 for a 64 Chevy Impala with a 283 engine and gas at the height of the gas shortages was less then 35 cents a gallon. Had a garage apt for about $75 a month and for $20 you could fill up a grocery cart to the top of the buggy. McDonald’s would cost you under a dollar for a burger,fries and soda. Movies were 75 cents.
    Man at the post office told me to invest into stamps and get Eisenhower dollars as an investment. Got a couple of big boxes of both! How wrong he was. I tell you this because there are many John and Jane Does who are trying to play catch -up with some type of an investment. Junk silver was reachable until the big investors moved in and bought it all up. They sat on it until the price went up. Far to many of us who are retired don’t have 401-K’s with large stock portfolios and I thinks that’s why silver is attractive . We’re able to still purchase some silver at a reasonable price. Something is better then having nothing for that perfect storm that’s just down the road!
    We get together for coffee and we all talk about what’s going on and one of the guy’s in our group is stocking up on food and water for an investment. He plans to sell to who ever has something of importance to trade with. One fellow has a 66-Ford Mustang. He doesn’t want to sell it because it will be the only thing running if we have an EMP strike in this country. In the end we still love our country,still very patriotic and will give the shirt’s off our backs to help our the other guy if he needs us to, but don’t give a tinkers Da** about the Yahoo’s in Washington D.C who fundamentally destroying the country.
    My best to you and your family and to the readers of this site. God bless us,God help us. As for me and my family will continue to serve the Lord. It’s free for all who thirst’s. We can’t loose out on that investment.SP

  4. 8Ball

    The recent JB Wells interview with PC Roberts covers the PM price vs. demand anomaly. Good interview….

  5. Scoobie Doo

    Interesting… me when the dealers are willing to “buy” at 5-7 dollas over spot.

    The premium “game” is constituted by the paper market.


  6. Mr. Stacker

    Argentina economic collapse documentary

    You can think of it as a cooking show.
    Same recipe served all over the world aided by corruption…

    • Scobbie Doo

      In addition to my comment: What about the 38% taxes you will pay when selling?
      Gregg, I believe your an honest man.

      I’m sure you understand, what Scoobie is trying to say here. Perhaps, you may include these types of questions with PM guys in your next interview.

      • Jim

        Come to New Zealand and sell them. No tax at all on 99.9% pure gold or silver bullion.

        It is scandalous that they tax actual real money like that in some countries.

    • Lex Loathar

      In my day, they used to call them $h!t sandwiches.

  7. matt

    Stealth QE ongoing by Central banks will continue unabated. Keep stacking.

  8. Oracle 911

    Hi Greg
    How it will look like in the US? Somewhere between Argentina and Zimbabwe or other 3rd world country monetary-wise. And in other aspects, it is dependent on how much guns are available and how self-sufficient is the community and/or the member state.
    Which means, if you are in not really self-sufficient part of the US you will end up in a lawless hellhole.
    My 2 cents
    Oracle 911

  9. Mike from the North

    I also had a conversation last week with my Canadian Builion dealer and they told me that for 2 months now acquiring retail product has been a challenge.

    In fact my order was delayed because they had no 2015 Silver Maples in the building.

    Also was told that they were awaiting delivery of a new order and all of that product was pre sold with no sure delivery date for more product.

    There are 2 immediate issues here.

    1. When does a failure to deliver become the event that awakes the sleeping fools.

    2.When does the true size of this Ponzi become common knowledge to those sleeping fools.

    If you do not have PMs you likely come out on the other side of the reset with much much much less than you think you have now.

    This artificial spike in markets is very temporary and was foretold by people like Greg Manarino.

  10. Laura

    Hi Greg,

    Sending a note of appreciation for getting the news out to us! Your site has helped me tremendously in understanding the financial aspect of our world.
    I wanted to share a few website links that you and your listeners may be interested in.
    This one is a call for Convention of States:
    My go-to site when I have a question about food or water storage:
    A site that helps connect some dots w/ current world affairs: Listen to Rick’s radio broadcast from Tuesday (commentary) Evil ppl, with evil plans… all while the refugees are caught in the middle.

    Take Care!

  11. Donna

    MARY CASEY: Nazis were not helpless, blameless, innocent victims. Never said or tried to portray them as such.

    The Y-tube video I posted started out with a nation in financial turmoil. No justification for going full-blown vindictive against all of Europe and never suggested they were blameless. Mostly wanted to point out that we simply are not told the whole story. There is no justification on either side for raping women and children to death.

    Our history is paralleling Germany’s in many respects. We ARE bombing civilians ongoing — for what reason? Phoenix is a satellite city for Bosnia. WE bombed the living hell out of their country and moved the Muslims in to replace the Serbs. The Muslims methodically replaced the Christian churches in turn. We bombed hospitals, bridges, churches, schools. Why? Many of our immigrants are the result of us meddling and destroying economies all around the world.

    Like Germany, we are steeped in porno as a top distraction. A woman just went to jail for not awarding marriage licenses to gays. I hand it to Huckabee and wife to step in on her behalf. We are upside down in our values. If Amy Davis had looked like Megyn Kelly, she would have never been sent to the slammer. War on Christians, just like a war on Jews. One American, one German. What’s the difference? The ugly Christian hating American will hit Nazi pitch if not stopped.

    We are causing much death in Ukraine on hopped up pretenses. We caused Russia to suffer a money collapse which meant a lot of abortions, a lot of abandoned children, a lot of alcoholism for men who couldn’t cope. Funny, huh? No sweat for us.

    We think we will stack some coins now and that will cure what ails us. If we could turn our economy around on a dime, it still will not save us from the real problem — ourselves.

    Many Polish in my family. The Poles were particularly cruel toward the Jews. My background is Croatian. You needn’t tell me about Nazis. Try Balkanization. I speak to “refugees” all the time here in AZ. There are so many of them. Cruelty was not invented in Germany. I grew up with broken grandparents who were tough people but broken physically and emotionally nonetheless. I could talk all day about Romania and what went on there without Adolf in the picture. Name a country in Europe that hasn’t been jerked around by some despot.

    We are broke and headed for who knows what. I hate to think. Many countries will be howling “good for you.” We will handle a money collapse just like the Black Friday shoppers.

    We treat our own vets like garbage, expendables. How about that upgraded, state of the art VA system now that we know the problems there? Whoops, moved on did we?

    We voted in a Marxist monster freely, twice, a fellow traveler of Farrakhan. Yes, Farrakhan, another hater who has been screaming kill whitey for decades. A nation of people who are just to Chantilly to follow history will repeat that history. While we are condemning other nations, I know I can rest easy knowing we will be a gentile model for handling crises like no money, no food, no water combined with a race war fomented by the progressive Marxist in the WH.

    • Sven

      Same script, just a different cast. This time we may have the internet, but unfortunately the propaganda/distraction machine being in overdrive negates this gift for the masses.

    • Calgirl

      Right on Donna!
      And to think that all these wars and turmoil are based on the U.S and it’s bough and paid for followers trying to prop up the petrodollar. The US says it wants to protect Israel. In reality, the agreement Kissenger negotiated with the oil producers back then was for aid and military supplies for protection FROM and against Israel. That is why we always seem to be against anything Israel wants to do to protect themselves. The US uses its relationship with Israel as cover for its military intrusion in the Middle East, all to prop up the petrodollar.
      We invade countries all over the world and look what we have brought about. Millions upon millions of refugees searching for a safe place to live, not to mention the millions upon millions who see the US as enemies. When the petrodollar collapses, which it surely will, then maybe the US will stop inciting discord all over the world and maybe even close 100 or so military bases.

    • Jerry

      Donna I totally agree with you. We as a nation deserve everything we’re about to get. This country has been morally bankrupt for quite some time. so its only natural that nature would takes course and finish us off financially. Any country that would abort its young and sell off the body parts, and throw traditional marriage in the trash bin of history is an Obama nation to God.

    • Mary Casey

      Donna, I read your comments with reflective thoughtfulness. Thank you for your perspective.

  12. peter

    Hey Greg,

    What I always hear from all the people you have on your program is:
    ” It could be this, it could be that, etc etc”
    So you can also say: ” God could come on earth” !

    What real man can tell the real story?



    • Edward Ulysses Cate

      If a real man told you the real story, would you even believe him?.
      A simple rhetorical question for thought. No religion necessary.

  13. Jerry

    When this supercomputer goes back online, the clock will begin to tick on the death of the dollar as the paradigm shift begins with the birth of a new financial exchange system.

    The Bretton Woods system died. Derivative’s killed it. Money in the future will be pegged to gold and silver and that is why the President of JP Morgan Chase told their stockholders in a recent meeting to load up on precious metals. They know it. Allen Greenspan knows it. Everybody but Joe six pack on the street knows it. That’s why the markets are tight right now.

  14. al hall

    Another great expert in his field. Always great interviews by Greg.
    I was hoping Greg you’d ask David about the IMF’s plan on October 20th, 2015 to introduce a new world currency- will it be backed by gold or something?

    David said buy,buy, buy silver at this price- yet earlier he said there was massive shortages. Supply is very low right now. Those that have silver will in most cases not let it go. I was able to get some yesterday- about $220 worth at spot price locally- just lucky!
    Store owner said he can’t get enough to meet his demand. He said some people are sell their silver wares, tea sets etc. The real economy sucks- unemployment is really at about 24% – government lies and says 5.1%. Obama’s gang- nothing but lies. Prepare for the worst- David sees it coming and just wouldn’t say it directly

    • Calgirl

      Since the IMF is controlled by the US, anything they come up with is suspect. A basket of currencies is just that, a basket of FIAT

      • Calgirl

        Sorry, hit the wrong button!
        As I was writing, a new IMF sponsored basket of currencies is just that, a basket of FIAT currencies. Fiat means that the currency is based on the confidence and economic stability of the issuing country. Does anyone have ANY faith in any country today? Unless the money is based on something real that can not be printed or manufactured, such as gold and/or silver, it will be manipulated by the crooks just as it is now.

  15. Paul

    Greg, another great interview. Mr. Morgan is very thoughtful yet pragmatic about current economic affairs. Dave Kanzler wrote that as of yesterday paper silver ratio on Comex has now EXCEEDED a 200:1 ratio !!!! So this lines up with Mr. Morgan’s claim of tightening silver market. How much longer can this criminal activity go on before blowing up the Comex? As long as the criminals are in charge! Only overwhelming demand will tip the scale and if Mr. Morgan is accurate in his assessment we’re getting closer by the day to the tipping point! God Bless!

  16. Paul

    Greg: Correction, Mr. Kranzler was referring to Gold paper contracts to deliverable Gold category. My apologies. Still this is frightening news!!

  17. Larry W. Bryant

    == Wisdom from the Pages of the American Scholar (Summer 1967) — Cast as a Tanka by LWB ==

    name: Joseph Wood Krutch;
    quote: “Security depends
    not so much upon
    how much you have, as upon
    how much you can do without”
    — Larry W. Bryant (9 Sep 15)

    • Greg Hunter

      Thank you Larry for your comment and support!!!

  18. Jerry

    Thanks to Apollo the dots have been connected.

    Our fate rest with the G20 and not the Federal Reserve Bank as the MSM would have you believe. The United States sells Bonds backed by a printing press. The G20 has a plan for a new system which is backed by gold. Listen to what George Soros says. Because of his self righteous arrogance, he lets the cat out of the bag.

    • JC Davis

      Jerry I don’t see the dominate Oligarchy letting China Oligarchs be a part without a war. Maybe when deep troubles come from starving Americans along with the rest of the world. Even then I doubt it. A cyber attack could change everything.

  19. NC Gal

    I appreciate everything that David Morgan said in this interview. Thank you for having him on again! One thing (out of many) that is DIFFERENT right now than it was back in 2001 when the Argentinian banking system blew up is the Cyprus template (remember that?) that became the model for all of the bail-in legislation that followed, worldwide.

    In the US, the combination of the revisions in bankruptcy laws plus the enactment of the Dodd-Frank law puts derivatives exposure AHEAD OF depositor’s claims and “bails-in” depositor’s funds to cover derivatives losses and save the bank. It’s all about saving the banks and it has been since 2007-2008. I haven’t read the full text of Dodd-Frank, so I don’t know if a given amount of deposit money is protected against being “bailed-in” or not (as it supposedly was in Cyprus), so I don’t know if smaller deposits will be directly affected. However, even if the deposits are not totally “bailed-in” on a permanent basis, capital controls would put probably severe limits on withdrawals.

    I think that Morgan is correct that there may be different scenarios playing out in different geographic regions, particular in urban vs. rural environments, so I am glad I live in a rural area, but still am concerned because it’s hard to know how things will go, even here.

  20. spleen

    I contacted 4 dealers last week trying to get 10 oz RCM bars. Nobody had them. One of the dealers said he would take my money and put me in line for a possible October delivery. As an ex-subscriber I would never waste a moments time listening to Morgan.

    • Freebreezer

      Move to Utah or Idaho – you can rest assured that the Mormoms will reign in all chaos very, very quickly. They are all very organized, ready and very well armed. thus the chaos other cities experience will be brief and well contained in both Utah and Idaho.

  21. Hurricane

    I bought some silver thru Discount Gold & Silver from this site and had great luck. They had my Maple Leafs to me in 2 weeks and that was with a personal check which is required the 1st time ordering with them. Silver Eagles are still hard to come by thru anyone though.

    • Greg Hunter

      I am very happy to hear that. Many and I mean many gold and silver dealers wanted to sponsor this site and I turned them all down except Discount Gold and Silver Trading.

  22. Scott Wolford

    Greg, you’re the best. Keep it up!

  23. Allen Ols

    Greg; this is long, i know u dont like my long posts, but this is important. al.

    I listened to David M. and ENJOYED IT IMMENSELY! He couched his predictions in maybe’s. JC and i listened to it a 2nd time.

    David Morgan please read this;

    David Wilkerson Prophecy 1973

    “Worldwide recession caused by economic confusion”
    “At most a few more fat flourishing years, and then an economic recession that’s going to affect the life style of every wage-earner in the world. The world economists are going to be at loss to explain what’s happening. It’s going to start in Europe, spread to Japan and finally to the United States.”
    There will be a move toward a worldwide, unified monetary system. The US dollar will be hit bad and it will take years for it to recover.
    The only real security will be in real estate (until a somewhat later stage, at which point this apparent security will also disappear).
    “Nature having labor pains”
    Environmentalists will come under heavy criticism.
    There will be major earthquakes.
    There will be a major famine.
    Floods, hurricanes and tornadoes will increase in frequency.
    “A new kind of cosmic storm appearing as a raging fire in the sky leaving a kind of vapor trail.”
    “A flood of filth and a baptism of dirt in America”
    Topless women will appear on television, followed by full nudity.
    Adult, X rated movies will be shown on cable television. Young people will gather at homes to watch this kind of material in groups.
    Sex and the occult will be mixed.
    There will be an acceptance of homosexuality, and the church will even say that it is a God-given gift.
    “Rebellion in the home”
    “I see the new number one youth problem in America and the world as hatred towards parents.”
    “A persecution madness against truly Spirit filled Christians who love Jesus Christ”
    There will arise a world church consisting of a union between liberal ecumenical Protestants and the Roman Catholic Church, using Christ in name only.
    There will be a hate Christ movement.
    There will be a spiritual awakening behind the Iron and Bamboo Curtains.
    There will be another wave of riots.
    There will be a fall in moral conduct.
    There will be a new drug that will be popular with teenagers that will break down resistance and will encourage sexual activity.
    Homosexual and lesbian ministers will be ordained and this will be heralded as a new breed of pioneer.
    There will be nude dancing in church, but this will never be widespread.
    There will be occult practices in churches.
    David Wilkerson Prophecy 1985
    America is going to be destroyed by fire! Sudden destruction is coming and few will escape. Unexpectedly, and in one hour, a hydrogen holocaust will engulf America and this nation will be no more. It is because America has sinned against the greatest light. Other nations are just as sinful, but none are as flooded with gospel light as ours. God is going to judge America for its violence, its crimes, its backsliding, its murdering of millions of babies, its flaunting of homosexuality and sadomasochism, its corruption, its drunkenness and drug abuse, its form of godliness without power, its Luke warmness toward Christ, its rampant divorce and adultery, its lewd pornography, its child molestations, its cheating, its robbing, its dirty movies, and its occult practices.
    An attack from Russia, and “The great holocaust follows an economic collapse in America.

    David Wilkerson Prophecy 1992
    Thirty days of chastisement will fall on New York City such as the world has never seen. God is going to let down the walls. There will be unimaginable violence and looting. The violence will be so ferocious, it will shock the whole world. Our streets will be lined, not just with the National Guard, but with militia. A thousand fires will burn at the same time throughout the city. The Los Angeles fires were confined to a few sections of that city, but New York will be ablaze in all its boroughs. Fire trucks will not be able to handle it all. Trains and busses will be shut down. Billions of dollars will be lost. Broadway shows will stop completely. Businesses will flee the city in an unstoppable hemorrhage. Such things are expected in Third World countries, but not in a civilized nation like the United States. Yet, in not too long a time afterwards, New York City will go completely bankrupt. The Queen City will be cast into the dirt, becoming a city of poverty. What I saw coming will be much more severe. Indeed, if America rejects God’s call to turn back to Him, we’ll face the same judgments Israel faced. And they will hit not only New York but also every region in the country. Even the heartland won’t be spared. The nation’s economy will collapse, and violence will erupt. Fires will consume our cities, and tanks will rumble through the streets. pray that God would give our President the same spirit that Josiah had, to tremble at his Word.

    David Wilkerson Prophecy 2009
    An Earth-Shattering Calamity is About to happen. It is going to be so frighting. We are all going to Tremble, even the godliest among us.

    For ten years I have been warning about a thousand fires coming to New York City. It will engulf the whole megaplex, including areas of New Jersey and Connecticut. Major cities all across America will experience riots and blazing fires such as we saw in Watts, Los Angeles, years ago in August, 1965. There will be riots and fires in cities worldwide. There will be looting — including Times Square, New York City. What we are experiencing now is not a recession, not even a depression. We are under God’s wrath

    • Charles H.

      Allen Ols,

      “We’ll face the same judgments Israel faced”. Few people, let alone Christians understand this view. In a sense, as a preacher, I have said that – ‘We are no better than the Jew’, knowing the indwelling of the Holy Spirit DOES give spiritual advantages; but innate, carnal sinfulness is the same. IMO, in general, in this apostasy – the spigot of spiritual revival is closing. Only as individual sons and daughters will we draw close to God, now. The light of Faith burns brightest in the dark. And dark it is becoming.

      • JC Davis

        Good comment. MR. Charles.
        The light of Faith burns brightest in the dark. And dark it is becoming.
        Now is the time to hit our knees to the floor. Never let the oil run dry in the lamp.

  24. Frank

    I traded silver through the 1980 fiasco. It went from $50 to $3.50.
    Silver is 75% mined as byproduct. It must be extracted as an impurity from copper,
    lead and zinc. Even if silver was worthless, they would still have to
    extract it. Silver is massively overproduced and has been for over a hundred years.
    The silver blanks can go in shortage, but it is the producers whom buy the vast majority
    of silver. Coin buyers are a small % of the total buyers. Therefore the silver gurus
    talk about coins, because they can’t talk about real demand . Omission is the key word
    in fraud. Only gold is in short supply. And, only gold is money. Yes, silver could go to $3.50 again.

    • paul

      Frank … where were you when we talked of silver being in deficit because of the build out of solar power around the world (it is not silver needed for coin supply creating the silver deficit problem) … but watch as QE4 is officially announced … the demand for silver coins will even more dramatically increase … creating a bigger problem for the mints acquiring silver blanks … do you have any idea John Williams has calculated the “inflation adjusted” price for silver (and it worth “right now” [before QE4] $600 dollars per ounce. How are you calculating $3.50 … are you assuming the Gold to Silver ratio will go to 300?? … and if you are … what is the basis for your assumption (more manipulation)?

      • paul

        Going back through more then 90 years of data historically (to before the 1920’s) the Gold to Silver ratio has never been manipulated by the bankers over 100 ! …

        • paul

          Frank … you say you were a “trader in silver” … if so … the above historical chart implies you should trade away silver when the ratio is below 20 and accumulate it when the ratio is above 70 … simply “wishing or hoping” for the ratio to spike to 300 before buying is not a “trading strategy” as it discounts an awful lot of historical data.

          • paul

            Of course if you are a Martin Armstrong fan and believe gold has not bottomed yet and think will fall to $350 dollars per ounce … only then would a Gold/silver ratio of 100 give us a silver price of $3.50 … but Armstrong is going to have a problem with his gold forecast because gold “has always bottomed” when the interest rate cycle begins to turn up … the Fed is projecting a new interest rate up cycle that will take rates to at least 3.5% … so Armstrong is dead wrong!

    • Charles H.


      I disagree – Silver has NOT been over-produced in this last century. Old mines are running out; and known probable reserves are few, and portend less yield. Couple that with major technological demand, and even the production of the past can disappear quickly.

      • paul

        Your right Charles … this year India alone has bought a staggering 37 % of all the silver mined in the world.

  25. Donna

    How one country, on a Christmas Day, gifted themselves with the execution of their two political monsters. This man was freely elected and initially worshiped, just like in this country.

    When we are stripped of all freedom and down to our last turnip, just hope there’s another Amy with some guts and a plan, God-guided, of course.

  26. Donna

    My gaffe, meant to say Kim Davis, not Amy. Got done working at 4 a.m., trying to think but fell short on the correct name.

  27. Calgirl

    This documentary depicts the mirror image of what is happening to America (the corruption and sell-out of the people by the financial predators, corrupt politicians and justice system)
    Argentina’s Financial Collapse — Documentary — FULL MOVIE

  28. Leonardo DiSanti

    All the Argentina ( ca. 2000) collapse details ( often brutal details) are in the utube and books by Fernando Aguirre (FerFal).

  29. Kerry

    I bought a nice .999 fine silver 1 ounce bar in 2013 for $18 plus $4 shipping, in 2013. That was retail. I made it into a piece of jewelry (I used a sterling silver wire wrapping technique) and I always get complements when I wear it. It may not have been the best price but I was only buying one ounce, not 100 ounces. People are intrigued and want to touch it, hold it. “It’s heavy,” they say. It is so weird that people don’t seem to know what a bar of silver looks like or feels like! I had no problems getting it and they shipped it right out, but that was in 2013.

  30. pastor rod flash

    here is the link to the video on Argentina that David Morgan mentioned.

  31. Andy

    Mr. ‘Silver won’t go below 30’. This guy made a bunch of us buy silver too high. Some of us have been dollar cost averaging all the way down. No harm done and 30 will seem cheap before the end of this year I bet.

  32. Will

    I would like you to ask a question the next time you ask about failing banks. The question is, if the banks closed will credit unions also close?

    • Greg Hunter

      Both banks and credit unions are supervised by the Federal Reserve. So yes, in a banking or credit crisis both bnks and credit unions would be halted for a “bank holiday.” Remember, the real problem is the currency.

  33. matt

    China go’s directly to the Petroleum Yuan against the dollar.

  34. Jimmy

    Why wouldn’t people buy 1000 once bars instead of coins? I guess that premiums for 1000 ounces bars would be much lower.

    • WD


      That is what I am doing….the bars are cheaper, its just the silver value.


    • Calgirl

      It is difficult to barter a large bar of silver…..unless you are buying a several houses! Then again, if you plan to hold your bars of silver until everything calms down (assuming you are very young and won’t need the money for the next quarter century), then large bars may not only be more available than coins, but a possibly good investment assuming the taxes when you sell won’t negate your profit.

      • WD


        A one ounce bar of silver is small, easily bartered

  35. Arizona

    Last year,MY FATHER ..YAHAWEH,told me I BETTER sell everything I had, because if I didn’t,the RUSSIANS would get it,this spring,2015,OUR LORD YAHUSHUA,came by with his friends the two witnesses(thats who he said they were).and they told me WAR was upond america and to warn everyone,so thats it,you been warned…..get ready its looks very bad……..PS,I talked to a russian army captain in WALMART,a while back,he told me they were promised everything americans had to come and help take down the america people,by DHS,plus he said they were getting paid $500.00 a day to sit around waiting till the order was given to attack,my friend america is in big trouble and their sound asleep…………

  36. Steve. W

    Maybe you should have checked out JM Bullion which is selling Canadian Silver Maple Leaf Bullion Coins for just $3.39 over spot, as of 09/09/2015 they are selling at $18.06 –

  37. andyb

    Gainesville coins have ASE’s @ $19.07, the highest premium they have ever had; 2-3 week delivery; dealt with them for 7 years; never had a problem, although with any coin dealer, know what the true spot price is when you place your order. The salespeople TRY TO ACT DUMB AND AT FIRST, QUOTE YOU A HIGHER NUMBER.

  38. Chris M.

    Those premiums on mint sponsored items at internet retailers are definitely not normal. ASEs $7-$8 over spot, Maples $6-$7 over spot. It’s retail demand – and lack of supply. I was thinking retailers slowed down their orders due to the price drop, producers responded by cutting production and that was a mistake. Of course, no proof since retailers will generally try to create demand for product and I don’t believe anything these days until I see the numbers. You can still get bars at reasonable prices (10 oz or greater in weight). Even if you have a wait a few weeks, that’s not such a bad thing. As I tell myself – be patient. We are bound to see a few price swings as markets are clearly not stablizing but they haven’t reached “sky is falling” status yet, either.

    • Calgirl

      All commodities are at record low prices on the exchange, and the over supply of the copper, iron, etc. where the silver is recovered from, are at record high levels. So I would not count on the miners to be able to produce enough to even meet demand. And Andy Hoffman thinks many miners will go bankrupt in the near future. I would not feel secure that there will be much silver available at a wholesale or retail level. Rob Kirby, who buys for LARGE enterprises has been reporting that it has been very difficult for many months to buy large quantities.

  39. Dominic

    Thank you Greg. This man is exceptional. One of the best presentations ever.

  40. NC Gal

    According to Zerohedge (, the ratio of gold contracts sold versus actual gold held in Comex soared to 228:1 today. The previous level was 126:1. It looks like we are getting closer to the moment when people wanting delivery of their gold will not get it. Rob Kirby predicted this moment would be an important watershed in the coming collapse. Read the full article for the details.

    Bill Holter mentions this Comex event and many other factors in play in his latest post ( and says that next week’s Fed meeting will be significant, especially in terms of what they decide about interest rates. Things are definitely heating up, and will probably continue to do so.

  41. paul

    Have you heard … there was a gas pipeline explosion in Minnesota! ).

    Could this be “sabotage” by China in retaliation for the three “accidental” chemical plant explosions in their country?

    If we are truly moving toward a hot war with China … just how will American companies (that produce the bulk of their products in China) fair … not too well if you ask me … and it will be “justified payback” to these greedy manufacturers who purposely screwed the American worker and shipped all of our jobs overseas … now these “evil doers” are probably going to run to our Congressmen and ask them to send American boys (who’s fathers they just put out of a job) to lay down their lives to protect “their financial interests” in China … not tell me … what kind of greedy idiots would set up all their manufacturing capability outside “the protected homeland” of America?

    Back here at home people keep saying over and over … any rate hike by the Fed will burn the entire financial house down as it will seize up all liquidity! … Can’t they think beyond one thought? … A massive QE4 program can easily restore liquidity to the system! … so all the Fed has to do to”raise rates” is “simultaneously counter balance it” with massive printing of money!

  42. vincent_g

    I believe this is the video he referred to

    • Greg Hunter

      Thank you for posting this!!

  43. Jesse

    So if there’s such a cash premium right now, why aren’t people simply buying futures contracts and taking delivery? Sure, it’ll be big ugly bars instead of pretty little coins, but if the cash market is $2-$6 per ounce (on a $15 per ounce commodity mind you) premium over the futures price, we are talking a huge premium. Like maybe, 30%!!! Something doesn’t add up.

  44. Carol Smith

    I am also posting the youtube video he recommended.
    Just watched it. It is slightly difficult to follow, but in essence the graft from privatizing
    different industries in Argentina was huge. Some of the same banks and companies are
    the same that are perpetuating this problem in the US.
    The entire crisis in Argentina came from their huge debt problem brought on by one
    of their Finance Ministers selling the propaganda that debt is good. Just like Krugman.
    Almost all of their industries were privatized to pay this huge debt. Just like Greece,
    Argentina lost their airlines and their oil industry.
    Is this the way this is planned ? Getting countries to believe in debt then taking them over !!

  45. Donna

    A week ago, one of my neighbors came to my door looking for work. He quit his job with the AZ Republic (a Gannett paper). They cut his wages to the point that it made more sense to do handyman work for cash. Turns out, he is very handy indeed.

    I was hesitant to let him in my house at first but I needed a mountain of repairs. He saw my food and water stash and that got a conversation going. He was and is one of the oblivious. I flat out asked him if he had his money parked in a bank.

    He said it was in a credit union and asked me if that was safe. I didn’t know for sure but have my answer now from the above feedback. Today, he said his steady source of income was from an IRA monthly payout and that he had another pension to look forward to in another year. With the work he is doing on the side, he feels he’s got security and a bright tomorrow.

    Today was surreal . I think the more he worked on my house the sorrier he felt for me. I sat in my living room feeling very sorry for him. You could have sunk the Grand Canyon between his optimism and my stoicism.

    My neighbors next door have left the country to spend September in Italy. It’s like the Twilight Zone. I detect no angst, no awareness. We’ve all been together for 25 years. It’s me or them that’s had a visit from the “Body Snatchers.” I don’t know if my street is typical of the nation.

    My neighbors are mostly all liberals and they do believe in gov’t. My neighbors who are in Italy currently just came back from Mexico where they got all new teeth. They once had good jobs with Motorola and Intel — no more. They see the gov’t as the better solution. Mostly it is an idle unemployed block but they seem very adjusted to their new freedom to drift.

    I would certainly never touch on the subject of gold and silver or prepping. We are in different universes.

    • Mary Casey

      If you have entered the “Twilight Zone”, you are not alone.

      The owner of a roofing business, the owner of a house siding business, an air-conditioner technician, (got hit by a near tornado); a fireman and at least 4 executive level positions at a government entity are all preppers.

      These are those I happen to know are preppers.

      Unfortunately, the plumber thinks (thought?) things are great and has (had?) all resources in the Stock Market. Hopefully, he has seen the light.

      Of course, there are more who are not preppers than are, but better prepared than not. And if nothing happens, you will not have to go shopping for months.

    • WD

      Be careful of what they know about you your stuff….

  46. Cryptic LIttle Sister

    For those who are frightened, you should know that the devaluation of the dollar will take place before the collapse of all paper. The deval will be abrupt, and if you are not positioned properly, you will be unable to do anything on that particular day. These events are sequence driven. I have given you what I know to be real information that will help you.

    Plans are for heavy restrictions on self-employment. I can tell you that you will have television and internet, as far as I know through next year. That may sound silly, but it indicates what is coming.

    I can tell you that the decision has been made at the highest level: Europe is finished. This was made final last month. The immigrant crisis will tumble over into a Euro collapse. This will include the Swiss Franc. A new currency will be instituted by Germany and France.

    In the United States, the Fed is going to prop up the dollar for some time after the devaluation, for how long I do not know for sure. During this period bullion silver will be helpful, simply because the dollar is going to steadily drop in value for some time.

    Watch for that 1.2 billion in aid.

    • Greg Hunter

      Any way you can disclose how you know this specific information without jeopardizing your source? If no, please answer. If yes just a general description of how you know this. Thank you for the info either way.

      • WD


        What CLS is saying is not so new. A lot of this has been said before.
        James Kuntsler had a big write up of Europe collapse. We know lethal aide is going to Ukraine. Fed is always propping up dollar.

        What is so new, this is same person that put out veiled threats to people on this sight and posted stupid riddles and you tube videos.

        I see no credibility here…

      • Jerry

        Greg what CLS is talking about simply cannot happen. Our Congress put us on the hook last December for all of the ECB derivative debt (totaling 16 Trillion dollars I believe). If the ECB goes down, the United States is going with it. There is simply not enough places for the Federal Reserve to hide this much debt. Ain’t gonna happen…..period. Look at China. They hold all the cards as well as the worlds gold supply.

        • Cryptic LIttle Sister

          China does not hold all of the cards. Look to The City.

          Soon after the president authorizes a sudden increase of 1.2 billion in aid, the Fed dollar is going to devalue abruptly, the Euro and the Swiss Franc are going to collapse as a result of this, and a new currency is going to be instituted by Germany and France. The dollar will continue to be propped up, but it will lose its value until it collapses and a new currency is introduced in the United States.

          All of this will occur in the order in which the events are described above.

          The devaluation will catch many by surprise, although some have positioned their interests well. It will happen abruptly, without any warning to those who are not looking for the signs I have shared. It is going to happen quickly, and you will have no access to markets while it is happening.

          Tensions between people in the U.S. and in Europe and between nations will continue to increase, until the moment when this happens.

          • Jerry

            Did you see what happened to the stock market when China devalued its currency? That is a small sample of what’s to come.
            What do.
            – AIIB
            – CIPS
            – Gold
            – Super Computer
            – BRICS Development
            – Silk Road
            all have in common? Answer. A new exchange system. These are the facts. What are yours?

      • Silence is Golden

        What I would agree with is the notion of Devaluation.
        For an extended period of time the FED has attempted to get the party started …so it were. Many years of QE with resulting marginal inflation. They want more and a helluva lot of it.
        What is evident to all now, is the real danger of deflationary pressures. All this while the USD strength is pushing out inflation globally. To understand this look at what is happening with FIAT currencies internationally. The USD has also put downward pressure on commodities. A strong dollar is destroying America I’m sure most would agree. The argument for a weaker dollar is only achievable in this environment by selective devaluation. Against what…you may well ask. Hmmmmm…and then there was Gold. I feel the USD may come under some pressure in the next month or so, but nothing of the move that is required or to be witnessed through outright and overt devaluation.

    • brian

      Have you heard anything about a war? Are China and Russia playing along with all of this or are they uncooperatively unpredictable? What I am getting at is how in control can we expect the guys currently in control to be through all of this?

    • JC Davis

      CLS If you are into what I think you are you can pray to Jesus to guide your feet, AND RUN RUN RUN. I know others that made it out, and you can also. Just turn ,and run don’t walk. The spirit of God will honor his word. You will be fine. Get away from them.

      • WD


        Since CLS wont expand upon what he/she is in why dont you do us the favor….what is he/she talking about?


        • JC Davis

          WD There are those caught up into witchcraft and occult and try to get out however most don’t make it. There are powerful people in these places that know more about what is happening then anyone. Because they are making it happen.

    • JC Davis

      CLS will those in the wilderness WEED people be unaffected. Hope you the best.

    • Kerry

      Interestingly, many prophecies speak of the collapse of Europe from an invasion of Muslims. When I first read these prophecies, in the 80’s and 90’s, I thought they were very off the mark, but now, just look at the invasion of Europe by the Isalmic refugees. This is a very interesting little book, even if you only read it from a political point of view. A nice collection of prophecy from many sources, and well-documented. Read it with an open mind, even if you are not Christian, the prophecies are surprisingly accurate.

  47. Mike from the North

    The Math tells the story.
    History shows the path.

    The Math tells us there is too much debt.
    It also tells us that we have likely exhausted every avenue for kicking the can down the road.

    History tells us that we all will eventually face what Argentina faced and what Cypress and Greece recently faced.

    You can deny this to yourself if you so choose.

    I for one want to thank the Greg Hunters of the world for awakening me.

  48. Sayonra

    I always enjoy and respect the David Morgan interviews. He is very knowledgeable and clear in conveying his thoughts and observations. Our current era of greed, narcissism and the political elite’s attempts to “will their way through reality” is finally coming to an end. The path back to organic economic and social reality will be bitterly painful and there will be numerous casualties along the way. The better prepared you are, the greater the probability that you will survive what is ominously eminent.
    Be well my USAWatchdogs!

  49. Coalburner

    Arizona, where is this Russian? Are you ready to let him take you?

  50. Aussie Al

    Greg excellent interview Love his comments, you have so many good Interviewees these days, which is good as the message is getting out there.
    I have a request of you though, could you ask your next guest/ s this question,
    ‘what happens if any one or two of the ratings agencies downgrades the US economy On Monday or next week?
    I think we can all hazard a guess, but would be interesting to listen to the answer from an Financial expert as is a “Huge Black Swan” event that everyone seems to have forgotten about.
    Keep up the great work

  51. bastiat

    Many people here have been posting a YouTube link to an Argentinian Meltdown video, but it’s probably not the one David Morgan was talking about. Here is one that he mentions to his new email subscribers. It’s PBS-produced, but it still isn’t called Chapter 5: Argentina:

    I found a pdf with this title. I’m not sure if it’s a video transcript or a chapter 5 of a book:

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