Kerry Lutz's--Financial Survival Network

David Gurwitz of Charles Nenner Research joined us to update last week's bad audio recording. Yes, right on schedule, we're seeing the projected lows in gold and silver kick in. You can speculate as to why. David sees 1150-1160 as the potential bottom, sometime in July. After that it could be happy days are here again. At least David seems to think so. And the cycles are looking good for Apple too, $750!

John Rubino writes, "Ah, the Italians. They’re good for at least one entry in the 'Why We’re Ungovernable' series each year, and their latest is the best yet: Italy has announced it will start including estimated revenues from prostitution and illegal drug sales in official gross domestic product (GDP) figures.The country’s National Institute of Statistics says starting next year, the GDP result will also include estimates on the value of the black market in cigarettes and alcohol. The move has been driven by new European Union rules requiring nations to include all activities that produce income in their national accounts, regardless of their legality."

We also discuss what happened with the UK and EU elections. They represent a tectonic shift that's coming to America soon. Forget austerity, more money printing and Quantitative Easing and pass the credit card please. We just don't want to feel the pain. 

If you're over 62 and need cash then a reverse mortgage might just be for you. It all depends upon your circumstances. Reverse mortgages have been around since Ronald Reagan but they're more popular now than ever. Kathryn helps you understand the pitfalls and decide whether they can help.