" As I first noted back in 2023, my disdain, distrust and general disgust for financial media reached a peak in 2016 when CNBC’s Fast Money invited Bill Fleckenstein on the air to offer up his take on the economy and why the Fed-fueled market was “un-shortable”.

Bill is a well-known advocate for the Austrian school of economics and has been highly critical of the Fed and central banking policies for decades.

In this interview, he made two key points: 1) he thought Japan would probably be the first bond market to blow up and 2) he was buying gold and miners and thought the broader market was “un-shortable”. Fleckenstein told the hosts:

“Probably the first bond market to crack up will be in Japan but maybe it won’t. Maybe it’ll be here. I don’t really care if I miss the first break because they’re gonna come with QE4. The trade I want to catch is when people wake up to the fact that these Central Bank strategies are failures. They are the arsonists that create the fire, they’re not the firemen that put it out, even though they claim to be the latter.”

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