Portfolio Allocation: "I Have A Lot Of Money In Gold Stocks"

I have a lot of money in gold stocks, more the senior producers. But I also have a lot of global stocks that pay good dividends. 

I could be 40 percent gold stocks and the rest are non-gold stocks, some of those are energy stocks too. But overall they're just good businesses I like around the world in currencies I like. I get a lot of dividends coming.

US Dollar: The Catalyst For The Big Drop

As the US economy weakens and the Federal Reserve starts monetizing all those debts again, which they will, there's gonna be no demand for dollars and the US Dollar is gonna fall like a stone.

The US Economy Is A Gigantic Credit Bubble

I think the longest bull market in history already ended. We're in a correction right now, the first correction of the new bear market.

This idea that the US is the cleanest dirty shirt in the hamper is a bunch of nonsense. I mean the US economy is a gigantic credit bubble. Debt is at an all-time high on an individual level when you look at credit cards, student loans, auto debt... But more importantly the national debt: we're now running $100 billion per month deficit spending. We are borrowing more money now during this recovery than we did at any point during the Great Recession!