Out-Of-Africa Special with Francis Hunt – Record Private Debt is Crushing the Productive Economy

In this special edition of Palisades Tom details his recent visit to Africa where he met up with Francis Hunt of "The Market Sniper" for a motorbike adventure across three countries. Francis, who was born in South Africa and has lived in the UK for 20 years, shares his insights on the diamond and gold industries in South Africa. They also discuss the role of Cecil John Rhodes, a well-renowned national hero of South Africa who was funded by powerful financiers and used this power to establish a monopoly on the diamond and commodities industry in the region. They also touch upon the historical context of how the British empire had a continual need due to their nursery banking lending system and the coming of an American era. The interviewee's experience in Zimbabwe highlights a struggling infrastructure and the effects of devaluation on the population. They discuss the rapid devaluation of the Zimbabwean currency The two then explore the economy of Zimbabwe where others said infrastructure had been broken and stolen. The country's inflation created a notorious bank note of $100 trillion symbolizing its depreciated currency and the challenges faced by the people due to this. They discuss the controversial interplay between gold, long-term US treasury rates, and national debts. Francis discusses and the potential for a demand-destroying event in the future. They also discuss the importance of taking a break from the markets and appreciating the beauty of nature. Although the trip may not have been comfortable, they discuss the importance of being prepared and self-reliant in any crisis. Time Stamp References:0:00 - Introduction2:36 - Francis's Background4:30 - Cecil Rhodes Impact12:10 - Derivative Beginnings15:50 - African Contrasts19:14 - Infrastructure Failings26:05 - Levies & Fiat Trillions33:45 - Dollar & Bond Yields42:13 - Private Debt Hoarders50:50 - Yields & Inflation56:45 - Japan & Rate Peg59:50 - Bitcoin & Malfeasance1:05:30 - Commodities & Ratios1:08:12 - Africa Trip Details Talking Points From This Episode * Tom and Francis traveled 1,200 miles through South Africa, Botswana, and Zimbabwe. * They discussed Cecil John Rhodes and his role in bringing under the City of London cartels. * They highlighted the current low interest rate environment and how it is driving people up the risk curve to find yield. Guest LinksTwitter: https://twitter.com/themarketsniperWebsite: https://themarketsniper.com/YouTube: https://www.youtube.com/user/TheMarketSniper Francis is a trader, first and foremost. Unlike most educators in the trading space, Francis walks the walk and talks the talk, with 30 years of experience trading his personal capital on various markets and instruments. Through this passion for trading and his relentless study of markets and economic theory, he uses the Hunt Volatility Funnel trading methodology, a systemized approach, to answer the critical question: What is the next most profitable trade? He believes the actual price of an asset is the most accurate reflection of all the factors that influence it. Practical technical analysis, the study of price action over time, is needed to formulate profitable trade ideas. Indeed, with all the market manipulation and high-frequency trading operations currently in play, technical analysis is all that can be relied upon when it comes to formulating future price trends.