Tom welcomes David Murrin to the show. David discusses his five model of empire and how he was able to predict that Russia would invade Ukraine. Western governments have pushed all the adaptive people. The United States is now in the fifth stage of decline. We live in a watershed time of transition of power and we're in a Kondratieff winter. Nation-states fight over resources and these are the main drivers of past wars.
David discusses the cycles that drove the cold war and the inflation during the 70s. Excessive money printing and a reduction in productivity are creating this decline. Structures are weakening in the West and our leadership is lacking. A series of disastrous Presidents have only exacerbated the problems. This decade is going to see a huge shift in commodity markets.
Putin is not a mad man. Anyone that believes this is failing to understand him. There is nothing illogical about the man. Putin doesn't play poker he follows thru on his statements.
Russia's weapon systems are designed to completely thwart the West's nuclear defenses. Putin has very carefully calculated his war to completely collapse Ukraine's will to fight. His use of nuclear leverage completely threatens other European nations.
Once Ukraine falls it's highly likely that Taiwan and South Korea will suffer the same fate.
Should Putin fail we could see a pro-western government in Russia. Should that happen China would lose its source of resources. China's nuclear deterrent is limited but when allied to Russia it's much stronger. The longer we wait the stronger the bonds will become between China and Russia. Sanctions aren't going to hurt Russia as the West will experience a big energy shock.
He believes in the importance of reducing CO2, adopting green energy, and most importantly making use of nuclear and thorium power solutions.
We're now in the bubble of all bubbles and entering decline. Bubbles have created the illusion of successful markets and those in charge can't see the magnitude of what is coming.
Precious metals will be the way to hedge against the coming market risks. This combined with mining stocks has enormous potential to outperform this inflationary cycle. Lastly, he discusses potential price targets for precious metals and why they will likely be astounding. There just isn't enough metal to go around and just imagine what happens when inflation is two or three times higher than today.
Time Stamp References:
0:00 - Introduction
1:04 - Predicting Invasion
16:30 - NATO and Conflict?
23:57 - Europe and Energy
25:48 - China & Russia
29:04 - Russia & Commodities
31:16 - Global Energy Shocks
35:35 - Doomsday Bubble
38:24 - Dollar Outcome
40:44 - West Outlook
45:33 - Hedging The Risks
49:15 - Sector Rotation?
50:35 - Crypto Market Thoughts
52:05 - Metal Price Targets
53:35 - Gold Standard & Putin
58:49 - China Gold Reserves
59:38 - Wrap Up
Talking Points From This Episode
- Putin's strategy for breaking NATO the Wests problems of dealing with nuclear blackmail.
- Why the West is in decline and his thoughts on the dollar.
- Importance of nuclear and reducing carbon.
- Hedging the coming inflationary risks with precious metals and mining equities.
Comments
Paul Burke
Wow! That’s definitely one of the best ever interviews and will warrant a second and third listen. Well done Tom for finding such an amazing guest and for making space for these sophisticated insights to be articulated.
Michael Woodhead
Amazing interview, he hit so many interesting ideas across a wide range of topics.
tz gzz
First time seeing this guy - hope to see more of him - great interview
Forestgate Homestead Poland
Historical/ cyclical views are my favourite and line up very much with my own way of understanding world events. David was a great interview!
EZ E-Bike Rentals
Thank you Tom and David for a very informative conversation. It shows how inept the western politicians have failed to see and deal with the right problems. The US still does not have a energy policy and it shows! Great interview! Cheers.
Bay Arcade and Gaming
Absolutely brilliant interview, for me David put a lot of the jigsaw pieces together, and as a Brit as well I would love to see the UK return to being a major player again.
Reagan Westlake
Fantastic interview Tom. One of the best
Daniel Woolman
This a rare and great data set. I listen to finance videos all day and rarely get new perspectives with such logical backing.
Stephen England
Wow what a great interview. Such an interesting guy - David. Thank you Tom for not interrupting David and allowing him to explain fully his point of view and thought process. EXCELLENT!!!
Dean F
Best interview I've seen on the situation today. Epic!
szeref
Another excellent interview! I don't know where do you find these guests but you definitely do a very good job Tom! Thank you!
Paul Ginsberg
One of the finest and most valuable hours long interviews I've ever heard.
Roland
I was spellbound watching this interview, what an eyeopener
gomers44
Thanks Tom! Hadn’t heard David before. Great insights. Hope you bring him back in a few months. Godspeed. 🙏✌️🇺🇸
Sinan ilTeber
David's views are eye opener and makes everything clear as day. Great interview thank you both 👍
Rainbow Obsidian
Thank you for this informative and helpful interview. I really enjoyed how David explains things that you asked him about.
Katherine
The best interview ever thank you. Get David on again, he's brilliant!!!!!!!
Interstitial
Congratulations on your choice of formidable interviewees 🙂🤩
Phil H
Only a few minutes thru this so far but very interesting content in this video
Walter Sobchak
Excellent guest and great interviewing. Well done Palisades once again.
mwalsh7500
Outstanding interview…. Eye opening indeed…. Thought provoking
Fernando Amaro
What an incredible interview. While I hope that David is wrong, the way he explained his views, it is hard to see how he won't be proven right.
© David Murrin 2024. All images courtesy of Getty Images. |