Minting the PLASTIC Coin & Countering Claims of Metals Manipulation w/Chris Martenson & Keith Weiner

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Welcome to Capital Account. Is the stock market partying like its 1999? Despite major risks and lack of corporate transparency, the stock market has made strong gains over the last year. As Bloomberg recently noted “Americans have missed out on almost $200 billion of stock gains as they drained money from the market in the past four years, haunted by the financial crisis.” So who is buying stocks given so many Americans are pulling out of the market? We talk to Chris Martenson about his outlook for 2013. And Congress’ success in negotiating a fiscal cliff tax increase was portrayed as a major accomplishment, an increase that will add 600 billion dollars in new government revenue over 10 years. But additional revenue averaging $60 billion per year is less than 6% of our current trillion dollar deficits. We talk to Peak Prosperity’s Chris Martenson about the prospects of reducing the US’s debt and the plausibility of minting the trillion dollar platinum coin.

Plus, gold tumbled after the release of yesterday’s Fed minutes. Gold has been on the move down since last October, but the mention of a potential end to QE brought gold prices lower. Dennis Gartman, publisher of The Gartman Letter, wrote that gold bugs, operating on the thesis the Fed has lost control of the money supply, are in tatters. Other gold traders, according to Bloomberg, expect prices to bounce back from the longest weekly losing streak in eight years, as concerns mount that US lawmakers are not doing enough to control budget deficits. Is there more to the swings in the gold price than meet the eye? We ask Keith Weiner, president of the Gold Standard Institute and CEO of Monetary Metals, if the claims of gold market manipulation are founded.

And our discussion of the “dairy cliff” sent some viewers over the YouTube commenter cliff. Lauren pulls the conversation back from the ledge in today’s Viewer Feedback. Plus Lauren and Demetri have an important message at the end of the show.