The Upcoming Revolt of the Middle Class

Charles Hugh SmithMichael Oliver and Chen Lin return as guests on this week’s program.

Last summer BLM & Antifa wrecked havoc in most of the large cities in the U.S. while the mainstream media paid little attention to it or to the plight of America’s middle class who have become increasingly impoverished by the transfer of wealth from manufacturing to government-funded enterprises. With their voices not heard for decades & their President censored from partisan Twitter & Facebook, the anger of a small number of Hillary Clinton’s “deplorables” triggered the January 7 storming of the U.S. Capitol building. Will silencing descent lead to national unity or is that akin to pouring fuel on to the fire?

Charles explains the reasons for the evolution of two separate Americas and what impact America’s division will have not only on our economy but more importantly on life, liberty, and the pursuit of happiness not only for the middle class but for all Americans. Michael provides updates on the structure and momentum of key markets and Chen Lin explains what is happening with Game Stop and the silver market.

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Charles Hugh Smith is the author/ proprietor of the popular blog OfTwoMinds.com, which he started publishing in 2005, and a contributing editor to PeakProsperity.com.

He is the author of numerous books, including “Why Everything Is Falling Apart: An Unconventional Guide To Investing In Troubled Times.”  In his new book “Money and Work Unchained,” he addresses the idea of UBI (Universal Basic Income) and starts by taking a fresh look at work and its role in human life and society and well as our system of money.

Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, NYC. He studied under David Johnson, head of Hutton’s Commodity Division and Chairman of the COMEX.

In the 1980’s Oliver began to develop his own momentum-based method of technical analysis. In 1987 Oliver, along with his futures client accounts (Oliver had trading POA) technically anticipated and captured the Crash. Oliver began to realize that his emergent momentum-structural-based tools should be further developed into a full analytic methodology.

In 1992 he was asked by the Financial VP and head of Wachovia Bank’s Trust Department to provide soft dollar research to Wachovia. Within a year Oliver shifted from brokerage to full-time technical research. MSA has provided its proprietary technical research services to financial and asset management clients continually since 1992. Oliver is the author of The New Libertarianism: Anarcho-Capitalism. 

Chen Lin, had been a doctoral candidate in aeronautical engineering at Princeton. However, Chen found his investment strategies were so profitable that he put his Ph.D. on the back burner to devote full time to private investing and writing a newsletter titled “What is Chen Buying? What is Chen Selling?”  Chen’s track record has been phenomenal!  In one account we track in which he used no leverage, he was able to grow $5,411 starting in 2002 to over $2.2 million by the end of 2012.  You can visit his website at http://chenpicks.com/

 

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