The Bank of Japan's 'Radical' New Plan
The Bank of Japan's 'radical' new plan... The Fed stands pat... Highlights from day two of the 2016 Stansberry Conference... How to get immediate access to the best ideas from Vegas...
Today, we're continuing our coverage of the 2016 Stansberry Conference with highlights from day two of the event. But first, a brief update...
Forget quantitative easing (or "QE") – quantitative and qualitative monetary easing with yield curve control ("QQMEYC") is here...
This morning, the Bank of Japan ("BoJ") released the results of its "comprehensive review" of monetary policy... and pushed its ongoing easing efforts to another new extreme.
In short, the BoJ said it would "more or less" stick to its plan to buy 80 trillion yen ($787 billion) of bonds each year. But it will now act primarily to keep the yield on 10-year Japanese government bonds at 0%, and will adjust the pace of its purchases to do so.
The BoJ also said it would continue to maintain its negative interest-rate policy and suggested it could push rates even deeper into negative territory in the future.
Meanwhile, here in the U.S., the Federal Reserve held interest rates steady at its September policy meeting this afternoon.
We'll take a closer look at both of these moves in tomorrow's Digest.
Day two of the 2016 Stansberry Conference kicked off with a trio of inspirational and motivating presentations, including double amputee Hugh Herr, head of the Biomechatronics research group at MIT, who was named the "Leader of the Bionic Age" by Time magazine... world-champion "big mountain" skier and risk-management expert Chris Davenport... and former Navy SEAL Mike Ritland, whose work with retired Special Operations dogs earned the day's first standing ovation.
Our Tuesday lineup also featured Buck Sexton's presentation, called "Inside the GOP Civil War."
Sexton is a political commentator for CNN and has been a guest host for Glenn Beck, Rush Limbaugh, and Sean Hannity's radio shows. Sexton also served as a CIA intelligence officer in Iraq and Afghanistan, as well as other hot spots around the globe, and he has led intelligence briefings for senior U.S. officials, including President George W. Bush. So he knows a thing or two about what's really going on in the party, and in this election cycle...
He explained how Trump's nomination to the top of the GOP ticket has split the party into two philosophical factions... and he predicted what is likely to happen in the U.S. if either Trump or Clinton wins.
Sexton also joined Porter, former Congressman Dr. Ron Paul, and moderator P.J. O'Rourke on stage for our "Great American Liberty Panel" discussion – one of the highlights of Tuesday's sessions...
Dr. Paul started things off by explaining why "it doesn't matter whether you vote or not." Porter weighed in on three basic principles that he thinks both Republicans and Democrats can agree on to change the direction of our country...
| 1. | Everyone should pay the same percentage in taxes, as the Constitution says we are all equal under the law. |
| 2. | We don't have the right to tax unborn children with huge deficits – which is why we should always have a balanced budget. |
| 3. | We need a system of real weights and measures – in other words, a currency backed by gold. Fiat paper warps the entire monetary system... something we've documented many times in the Digest. |
The panel also discussed Gary Johnson's libertarian candidacy... a surprising fact about Nancy Pelosi and John Boehner... and a dire scenario in which the U.S. government could actually confiscate 401(k) retirement accounts.
Porter, Dr. Ron Paul, and Buck Sexton take the stage.
Shifting gears back to the investment world, Rich Checkan – president of Asset Strategies International – discussed the latest trends in gold and silver.
While he reviewed the bullish case for precious metals in general, he also shared some specific opportunities he is seeing today. In particular, he noted the premiums on several popular physical gold and silver investments have quietly fallen to multiyear – and in some cases, multidecade – lows. He singled out $20 Saint-Gaudens gold coins and so-called "junk" silver as two of the greatest values right now.
The afternoon session brought two of the most popular speakers from last year's Vegas Conference: noted short-sellers and money managers Carlo Cannell and Scott Fearon.
Cannell and Fearon kicked off their presentation by explaining five ways that species become extinct in the animal kingdom... and how this applies to finding the best short sales in the market. They said there are three types of stocks that inevitably go down (or disappear altogether): frauds, fads, and failures.
Fearon shared three examples of businesses that everyone thought would be around forever: video stores, payphones, and pagers. (Remember those?) He shared the story of a visit with a pager company CEO who told him with a straight face, "We aren't concerned about cellphones as a threat to our business. We think our customers will use both." Of course, we all know how that turned out...
The duo closed their presentation by revealing three of today's industries that they believe are next on the "extinction" list. And one of these was surprising...
It's a firmly entrenched industry today. But a recent government change has already signaled the "beginning of the end." They said it's only a matter of time before these companies' generous buyback programs are halted... their dividends are cut... and their share prices plunge.
Short-sellers Carlo Cannell and Scott Fearon were one of the highlights of day two.
Finally, the day ended with perhaps our most controversial speaker to date: former Enron Chief Financial Officer Andrew Fastow...
As you may know, Fastow was sentenced to six years in federal prison for his role in the 2001 Enron scandal... which led to the bankruptcy of the Houston-based energy firm (the largest corporate bankruptcy in history at the time)... the breakup of "Big Five" audit firm Arthur Andersen... and more than $70 billion in investor losses.
His message was as powerful as it was disturbing. In short, despite today's more-regulated business environment, the risk of another "Enron-esque" fraud is greater than ever. And investors must be more diligent than ever to avoid these risks.
If you have money in even one publicly traded company, this is a presentation you can't afford to miss.
As we mentioned yesterday, one of the biggest benefits of the Stansberry Conference is getting to hear exclusive ideas and insights like these from some of the smartest and most successful folks we know.
Again, it's too late to see this year's event live. But you can still get immediate access to high-resolution replays of all of this year's great speakers, presentations, and ideas – including Porter's new "Big Trade" and Steve's "backdoor" China opportunity – with our online streaming "all access" pass. Either one of these ideas alone could pay for the cost of this service many times over.
If you sign up tonight, you'll get immediate access to high-resolution replays of each and every one of these presentations... and you'll have a full 30 days to watch and review as often as you'd like. Click here to sign up.
New 52-week highs (as of 9/20/16): Alacer Gold (ASR.TO).
It was great meeting so many Digest readers in Las Vegas this week. We hope you enjoyed this year's Stansberry Conference as much as we enjoyed bringing it to you. Drop us a line and let us know what you thought – whether you joined us in person or tuned in from home – at feedback@stansberryresearch.com.
Regards,
Justin Brill
Las Vegas, Nevada
September 21, 2016
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