Clem Chambers is CEO of Online Blockchain plc, the UK's leading listed blockchain research and development company. He is also founder and former CEO of stocks, shares and cryptocurrency website ADVFN.
The London market is on the ropes, doom is predicted and unusually actually creeping into reality. Yet that move above 8,000 is very enticing. The reason is simple. Under the numbers of the FTSE 100 and its biggest listed shares, there is a very profitable disaster underway. It is the strip mining of the U.K. stock market by foreign companies and anyone that wants to buy $2 of U.S.
What the chart suggests is that something is in the works that will roughly double the price of gold in the next few years.
"With the euro markets - and particularly with the UK market - there's a very obvious trend down; not a crash but a bear market grind down. It is quite possible that could go on for another two to three years. Meanwhile the American markets are ludicrously high and it’s a few gigantic stocks driving the indices. The prices of various companies are utterly ridiculous; look at Tesla, it’s worth five times Ford and GM put together. Something is fundamentally wrong and to me that’s prognostic of a crash.”
Jeremy Szafron, Anchor at Kitco News, interviews Clem Chambers, CEO of Online Blockchain plc, about the potential economic impacts of the upcoming U.S. presidential election, the shifting political landscape in Europe, and the future of global markets. Chambers provides insights into how a Trump or Biden presidency could affect Europe's economy, the implications of political instability in France and the UK's economic challenges post-Brexit, and the broader impacts on financial markets and investor confidence. 00:00 - Introduction 01:50 - Trump's Potential Impact on Europe 04:17 - Trump's NATO Comments and Media Reactions 06:39 - France's Political Instability and Economic Impact 08:04 - Challenges for the UK Post-Brexit 09:31 - Possible Policy Shifts with a Labour Government 10:59 - Inflation in the UK 12:51 - European Central Bank and Inflation...
The FTSE 100 market might just have broken out of a generational slumber. The takeover wave has begun. Solid U.K. companies are so cheap that even U.S. fixated buyers cannot resist the invitation to feast.