Learn what Doug Casey and Rick Rule are buying: http://FutureMoneyTrends.com/kcr
Partial Transcript below; full transcript here: http://fmtblog.com/?p=12836
FutureMoneyTrends.com: Greetings and thank you for joining me at FutureMoneyTrends.com I am here with Andy Hoffman, director of marketing for Miles Franklin. He is a chartered financial analyst and somebody with a long history of experience in the financial markets. Andy, thank you so much for joining us
Andy Hoffman: Always a pleasure to be here, Daniel.
FutureMoneyTrends.com: Andy, before I started our interview I just wanted to let our members know, and anyone who's listening to this interview, you are offering for right now, for anybody listening to this, a $1000 purchase or more free shipping on Gold, Silver, Platinum, and Palladium. Is that correct?
Andy Hoffman: Absolutely, any order above $1000
FutureMoneyTrends.com: Awesome, thank you so much. Alright, well Andy let's start off with Janet Yellen. She's going to be our new Federal Reserve Chairman. I have seen in the media, the initial reports, when they first started talking about her, that she was almost like this reluctant Federal Reserve economist who was worried about the housing sector. And then in '09 she wanted to go even more heavy with the Q.E. And they're almost kind of making it sound like she almost forecast the housing boom. I know you've probably looked in to her a lot more. What are we to make of this person, Janette Yellen, first as an individual and then kind of compared to what we've seen with Bernanke?
Andy Hoffman: Well if anyone has any questions about what she's done in the past, just go to Peter Shift's recent video. He actually did two videos debunking all the BS about her being a hawk. I mean, she was clueless from the beginning and she's voted for every money printing plan that's been proposed for her entire time. She's been with the Fed for two decades now and she's not notable for anything except for voting yes on everything. In fact, the only thing I can recall her doing that was notable was last year she actually said "You know, we have this dual mandate of inflation control and maximum unemployment," which of course are paradoxical to each other, "But I would ignore the inflation part if it meant getting employment higher." So basically, to me she's there because she's the ultimate party line person. She's there to print money just as Bernanke did and what she said in her statement last week on the hill as basically quote "The only way to get to more normal policy in the future is to support the recovery now," which means more QE in. I assure you, if anything it's only going to get larger.
FutureMoneyTrends.com: You know Andy, the QE isn't getting any results. Do you think Janet Yellen and these people actually, do you think they really believe that we just need more QE? Or do they know that this is just helping the banks unload bad debt.
Andy Hoffman: Well that's always the question. You know, when you think of Atlas Shrugged, about a world where people have been brainwashed to the point where they don't know reality anymore. You know, to the supposedly smartest people, she went to Harvard, she's been a professor and a banker all these years. Is she really that dumb? To realise that what they've done has made things much worse? All we've seen is inflation and debt and weak economic results. And the highest and the lowest layer of participation rates since the 70s, and real wages haven't changed since the 70s? I mean does she not see that? It's hard to tell, but part of me really thinks they have been brainwashed to the point where they truly believe what they say.
FutureMoneyTrends.com: Andy, with DOW 1600 and Bitcoin 900 or 600 where it is today, a lot of investors, they're making a lot of money in other things. How is demand for Gold right now, with the physical price and the paper price, both down pretty significantly from the high?
Andy Hoffman: Yeah, I mean Silver's down 60% from its highs and Gold is down close to 40% But what has happened since those times? I mean, you're talking about since 2011, we've added three trillion in overt debt. The labor participation rate has plummeted. Worldwide we've seen the GDP plummeting. If we use real numbers, our numbers which are already the second worst decade for GDP growth ever. If we used real numbers like they use in Japan and Europe it would be even worse. So clearly it's a manipulation to keep the price down as they keep printing money. But what have we seen in the physical world? I mean it's a tale of two cities. If you talk about the West versus the East, in the West business has been down this year, there's no doubt. The interesting thing is that U.S. Mint sales of Silver Eagles have already