There's a lot of discussion about how shale oil is bringing down energy costs and increasing the supply greatly. The question is, "At what cost?" We've seen numerous bankruptcies in the energy patch and these hi-flyers are producing negative cashflow. Is this really what the future looks like? Next, Electric Vehicles or EV's are supposed to solve all our energy/pollution problems. Really? The death of the internal combustion engine is great exaggerated. It's not going to happen overnight or even in a decade, if at all. It's a process that will take a long time. Ending private ownership of vehicles could have great benefits, but don't break out your app for that self-driving Uber car just yet!

Direct download: Chris_Martenson_21.Jun.17.mp3
Category:general -- posted at: 12:48pm EDT

Boston University's Professor Laurence Kotlikoff is different than most of his colleagues in academia. He looks for real solutions to real problems that his fellow citizens are living through. Following his advice will help me to realize over $100,000 in lifetime income that I never knew was possible.

Not content to rest on his laurels, he's released 2 incredible financial tools that could potentially help millions. First is the divorce settlement analyzer. Feed in the numbers and change scenarios and it allows both parties to optimize the settlement and will help save on taxes as well! Next, he's created a budget/spending tool that helps you maximize your spending during your lifetime. It's a great tool that can work for almost anyone. Keep up the great work Professor!

Direct download: Laurence_Kotlikoff_21.Jun.17.mp3
Category:general -- posted at: 12:44pm EDT

What's happening Wednesdays with Andrew Hoffman:

Complete dissociation of Fed "rate hike" with market reality
-rates near lows

-Treasury yield curve historic inversion (in China, too!)

-plunging commodities, EM currencies, OPEC/Saudi chaos ("my newest most likely to catalyze the big one<https://www.milesfranklin.com/my-newest-most-likely-to-catalyze-the-big-one/>")

-today's article, "valuation anomalies suggest historic Precious Metal lows"
Etc.

Direct download: Andy_Hoffman_21.Jun.17.mp3
Category:general -- posted at: 10:06am EDT

Keith Neumeyer, Chairman of First Mining Finance and CEO/Director of First Majestic Silver is never one to sit still or rest upon his laurels. In little more than a year, the company made 8 acquisitions, has an inventory of 25 projects and 12 million ounces of gold in the ground.

Now the playing field has changed and so has Keith's strategy for the future. Beginning life as a mineral property bank, First Mining is now drilling to add further value to its projects. It's just another way that Keith is helping to unlock the company's value. He's still open to wise acquisitions and doubts the company will become a producer, but the drill program currently underway promises great returns. And that's without even considering the current market for gold, which promises the possibility of much higher prices ahead. It's a great example of risk-reward leading a company to new horizons. 

Direct download: Keith_Neumeyer_20.Jun.17.mp3
Category:general -- posted at: 5:44pm EDT

Todd Tresidder has an interesting question. Why do certain postal employees and teachers with ordinary incomes achieve financial freedom, while doctors and lawyers earning multiple times more income end up in bankruptcy?

The reason is more complex than most financial gurus teach.

The truth is there's no magic wealth system or program that produces reliable results despite the over-hyped claims of marketers.

Instead, the wealth building process is mundane and practical - like a series of hurdles you must jump over, without tripping up - no different than building your own business or achieving any other serious economic goal.

The hurdles are:

  • Commitment so that you prioritize everything necessary to build wealth; otherwise, life will just get in the way.
  • Plan based on proven principles that actually work, and it must be uniquely designed to fit your skills, resources, and interests.
  • Action because nothing happens without persistent, disciplined action over sufficient time to reach the end goal.

I know that doesn't sound nearly as sexy as the "hidden secrets of the rich" sold by marketer types, but it is timeless wisdom that actually works.

People want to believe in get-rich-quick and overpriced weekend bootcamps because they promise to deliver that "secret missing ingredient" that previously held you back.

The secret is there are no secrets.

Direct download: Todd_Tresidder_20.Jun.17.mp3
Category:general -- posted at: 3:31pm EDT

$15 trillion has been pumped into the system since the crash. And now the flow of capital has driven asset prices all over the world, especially in Australia. Chinese flight capital has been keeping the world a float. And now Australia has reached a tipping point with debt to income passing 200 percent. With 40 percent of home loans being interest only, there's trouble ahead. And of course oil prices keep going down. What's a regulated bank to do? Extend and pretend has been around for nearly a decade with no end in site and still there's very little growth and very limited bank lending. 

Direct download: Danielle_Park_20.Jun.17.mp3
Category:general -- posted at: 3:29pm EDT

Things are not going well on today's college campuses. From demands for student safe zones, to riots against conservative speakers, to attacks on students' religious beliefs, today's college campus is like nothing we've seen in America before. A group of Jewish students are suing San Francisco State University for refusing to protect their safety and rights. There's a class-action law suit against the DNC for rigging the election against Bernie Sanders. Where is all this heading? 

Direct download: Frank_Vernuccio_20.Jun.17.mp3
Category:general -- posted at: 12:47pm EDT

While history may not repeat, it certainly rhymes. And according to Eric Hadik the financial markets are rhyming very heavily now. The cycles are converging and the stock market appears to be in a heavy topping phase right now. The 7th-8th year of the decade has seen so many panics and crashes that it cannot ignored. 1907, 1917, 1937, 1947, 1957, 2007, every ten years there's always major happening. It's a very powerful cycle. Transports may have already peaked and the warning signs are clearly there. 

Eric has started following crypto-currencies. He called an intermediate top in early June in Bitcoin. Gold is still looking good for the 3rd Quarter of 2017 onward into 2018. Agricultural commodities should be heading up later and oil should be hitting it's low later in the Fall.

Of course no one knows exactly what the future will hold, but we can all get glimpses through cycles. 

Direct download: Eric_Hadik_20.Jun.17.mp3
Category:general -- posted at: 11:37am EDT

We spoke with Peter Hug, Kitco's Director of Global Trading. Metals have been stuck in a sideways channel for quite a while. Just when it looked like gold would break through the $1300 per ounce mark, the market turned. We're probably not going to have to wait much longer to see the channel breached in one direction or the other. And the US Economy isn't looking so strong and Trump's agenda is under attack. Could its failure lead to a lower stock market and higher precious metals prices? 

Direct download: Peter_Hug_19.Jun.17.mp3
Category:general -- posted at: 1:58pm EDT

What can you say about crypto-currencies that hasn't been said already. However, John and I are proposing a new form of crypto backed up by Tulips, preferably the Dutch variety. After all, Tulip prices only go up, right? And what of all those ICO's (Initial Coin Offerings) that are headed to the moon and back. Just today Bancor raised $153 million. Pretty good work if you can get it. 

Now Amazon is taking over Wholier Than Thou Foods. What could possibly go wrong. Just take an old fashioned business, add robots and internet ordering and make a zillion dollars. It always works out in the long run, but then again in the long run we're all dead. 

Direct download: John_Rubino_19.Jun.17.mp3
Category:general -- posted at: 1:55pm EDT

Whitney Nicely started her real estate investing career after selling dump trucks! She flipped her first property in 2009 and has been a machine ever since. She is a very successful real estate investor and highly sought after strategist who helps others create and boost their portfolios. She flips, flops, buys, and sells and she's awesome at it! Whitney is also impressive because she empowers women to dive into the real estate investment world in order to take control of their lives and finances.  

Direct download: Whitney_Nicely_19.Jun.17.mp3
Category:general -- posted at: 11:32am EDT

What does his conflict management style say about his leadership? Dr. Clete Bulach wrote the book on conflict management and brings his insights to us in this interview. Successful conflict resolution is one of the keys to success in life. 

Can the word conflict be a way to describe President Trump's leadership qualities? Conflict is an inevitable part of any school or work environment, and you need to be prepared to deal with it as it arises. Even before he was elected President, he dealt with a number of conflicts.

Most people don't like conflict. Many people have problems with conflict and will avoid disagreements at all costs. President Trump seems to be in the minority when it comes to this conclusion. However, it still happens and we will continue to find ways around it. How has he handled it so far? Listen to the interview and find out more. 

Direct download: Dr._Clete_Bulach_13.Jun.17.mp3
Category:general -- posted at: 1:46pm EDT

There's a lot of real estate investment vehicles available in this day and age. You have Wall Street's REITS, partnerships, etc. But one of the most profitable niches available to you now is mobile home parks. This is not your father's trailer park that was often a center of iniquity. Rather, trailer parks have gone mainstream and well run, often a bastion of the up and coming middle class. For not much money, they can own a starter home and move up from there. They've actually become a place of upward mobility. 

Direct download: Jefferson_Lilly_14.Jun.17.mp3
Category:general -- posted at: 12:54pm EDT

David Horowitz is a reformed reformer, meaning he used to be a devout leftist in the 60's bust has seen the light. He became a topic of contention during the Sessions grilling before the Senate yesterday for bestowing an award upon the Attorney General. He was called an Islamaphobe by a US Senator. David is proud of that award and would gladly give it out again. He believes the Democrats/Left has become the party of hate. They are no longer the party of JFK. 

Direct download: David_Horowitz_14.Jun.17.mp3
Category:general -- posted at: 12:50pm EDT

What's happening Wednesdays with Andrew Hoffman:

Yesterday's article, the "Fed's last rate hike"
-today could - and likely will - be a major inflectionary point in U.S. monetary policy history

Today's article, "low interest rate people," only validates how imperative it is for the

Ponzi scheme of ZIRP/NIRP - and shortly QE again, must be continued

Gold and silver on verge of historic 200 WMA and 5½ year downtrend line breakouts

Collapsing economy!

Etc., etc.

Direct download: Andy_Hoffman_14.Jun.17.mp3
Category:general -- posted at: 10:05am EDT

Andy Schectman, CEO of Miles Franklin Precious Metals Investments joined us today. For those of you not aware, Miles Franklin is a major bullion dealer, the only one licensed and regulated by the State of Minnesota. Andy sees 5 opportunities right now in precious metals that haven't been in a long time. First Platinum is selling less than 75 percent of gold's per ounce price. The silver to gold ratio is nearly 75 to 1.  A number of numismatic coins are selling at the same price as standard bullion coins. Junk silver or pre-1965 silver coins are selling at an extremely low premium to their silver content. And Platinum is nearly at par with Palladium. This means that there are opportunities in precious metals that haven't been seen in a long time. Get ready!

Direct download: Andy_Schectman_13.Jun.17.mp3
Category:general -- posted at: 3:57pm EDT

Jeff Berwick has been on the Bitcoin/Crypto-Currency band wagon since 2011. So he's been right on the money, literally. With Bitcoin hitting $3k and Ethereum taking off to the Ether, how much further can it go. Of course pullbacks after such increases would only be normal. They're volatile so make sure you buckle your seatbelt before you buy. But Jeff says we're just at the beginning of this movement and it has the potential to eliminate central banking as we know it. Let it be true!

Direct download: Jeff_Berwick_13.Jun.17.mp3
Category:general -- posted at: 12:37pm EDT

Gerald Celente was very negative about the future until Trump was elected. As an outsider Trump is trying to drain the swamp but he's been fought every step of the way. At the same time he's becoming more militaristic which isn't a positive sign. War with North Korea, Iran, is it just a matter of time. Things still aren't great but Gerald sees a silver lining in the retail apocalypse taking place. Customers will shift their purchases back to Main Street or local businesses. Better quality and better service. Say goodbye to the big box. Old towns and cities are seeing a renaissance. Much more here, so listen on. 

Direct download: Gerald_Celente_13.Jun.17.mp3
Category:general -- posted at: 10:59am EDT

According to Craig Hemke a/k/a Turd Ferguson, there's a financial virus (herpes) spreading through the markets. The Fed will be increasing rates later this week, at least there's a 96% chance and yet longer term rates are sinking and get this, long term Italian bonds are yielding less than Treasuries! How did this happen and what can be done about? Well you only need to look back at all the Fed's temporary interventions to find the answer. And until the markets start functioning properly again (will they ever) keep your eye on the USD/JPY rates. So goes the Yen, so goes gold, at least for the past 5 years anyway. 

Direct download: Craig_Hemke_13.Jun.17.mp3
Category:general -- posted at: 2:42pm EDT

Nasdaq has been hitting the skids for the past two sessions. No wonder, it's been hitting unsustainable levels, largely due to just 5-6 stocks. It has become unstable and therefore ready for a plunge. There's so many pockets of extreme leverage that can't have a happy ending. This time might be different, but in a really bad way. Debt is a direct threat to the market and the economy. 

Direct download: John_Rubino_13.Jun.17.revised.mp3
Category:general -- posted at: 12:37pm EDT

Breaking Down the Fiduciary Rule

The Department of Labor’s definition of a fiduciary demands that advisors act in the best interests of their clients, and to put their clients' interests above their own. It leaves no room for advisors to conceal any potential conflict of interest, and states that all fees and commissions must be clearly disclosed in dollar form to clients. The definition has been expanded to include any professional making a recommendation or solicitation — and not simply giving ongoing advice. Previously, only advisors who were charging a fee for service (either hourly or as a percentage of account holdings) on retirement plans were considered fiduciaries.

Fiduciary is a much higher level of accountability than the suitability standard previously required of financial salespersons, such as brokers, planners and insurance agents, who work with retirement plans and accounts. "Suitability" meant that as long as an investment recommendation met a client's defined need and objective, it was deemed appropriate. Now, financial professionals are legally obligated to put their client’s best interests first rather than simply finding “suitable” investments. The new rule could therefore eliminate many commission structures that govern the industry.

Advisors who wish to continue working on commission will need to provide clients with a disclosure agreement, called a Best Interest Contract Exemption (BICE), in circumstances where a conflict of interest could exist (such as, the advisor receiving a higher commission or special bonus for selling a certain product). This is to guarantee that the advisor is working unconditionally in the best interest of the client. All compensation that is paid to the fiduciary must be clearly spelled out as well.

Direct download: David_Scranton_13.Jun.17.mp3
Category:general -- posted at: 11:29am EDT

Before getting involved with Amazon and online marketing, Mike was a dedicated real estate investor. He made a fortune purchasing foreclosures at auction, flipping them and then repeating the process. Finally, he accumulated a portfolio of rental properties. The problem with rental properties, management issues aside, is that the returns while respectable aren't stellar. That's why he jumped at the Amazon opportunities. His returns are multiples higher than what he achieved in very successful real estate investing. And that's why he's teaching you how to do it too. There's plenty of opportunity for everyone. 

Click here to find out more!

Direct download: Mike_Gazzola_10.Jun.17.mp3
Category:general -- posted at: 9:59pm EDT

Many of you have asked about FBA -  fulfillment by Amazon. Amazon has effectively opened up their retail platform to third party sellers. You as a seller send your product directly to Amazon's fulfillment centers. You prepare the product listing on Amazon's site and they do all the rest. You don't need a warehouse, customer service staff, return processing or any of the other departments a non-FBA seller would require. This allows you to concentrate on finding the right products and effectively marketing them. You get all the benefits of having your own online business with none of the burdens. That's what makes it so great and potentially very profitable.

 

Direct download: Mike_Gazzola_08.Jun.17.mp3
Category:general -- posted at: 2:07pm EDT

Bitcoin is nearly $3000! That's the good news. The bad news is that the Bitcoin chart is looking parabolic. Unless the end of the global financial system is arriving shortly, this can only mean that the price is being manipulated up, by the powers that be, to facilitate a major crash, thus undermining the confidence in crypto-currencies. To be decided shortly, mark my words. 

In other news, President Trump will not be impeached, yet anyway. The Comey affair is a bunch of nothing wrapped up in yesterday's New York Times. Think about it, why would Trump fire Comey when he was out of the office 3000 miles from DC? Answer, to allow his AG to take control of Comey's office and retrieve all the damaging files on all the DC Insiders. This is the FBI's heads traditional role since J. Edgar Hoover. And it worked like a charm. You don't hear many dems crying to impeachment now, because Trump now knows where the bodies are buried. 

Finally, NYC keeps declining more and more. They're celebrating a terrorist for the annual Puerto Rican Day Parade. Nothing surprising here. 

Direct download: TLR_417.mp3
Category:general -- posted at: 1:47pm EDT

Gun control advocates frequently advise against people using guns for self-defense. But Michael Bloomberg, Rosie O’Donnell, and various anti-gun politicians are all protected by guns.

 

In May, associate history professor Jacob Dorman resigned from the University of Kansas. He accepted another tenured position at a different public university in a non-campus-carry state. In his resignation letter, Dorman predicted that Kansas will be “driving off faculty members” when it enacts campus carry on July 1. The professors expressed concern that a permit holder might get angry over a grade and start shooting. Has this ever happened? Would recruitment and attendance suffer?

 

Twelve states mandate the right to permitted concealed carry on public college campuses, and an additional 22 states leave it up to the university. Were there any reports of disturbances?

Direct download: John_R._Lott_Jr_07.Jun.17.mp3
Category:general -- posted at: 12:12pm EDT



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