Jerry Robinson was on talking about the recent action by the Swiss National Bank and its affect upon the world financial system. Other shoes will be dropping. The recent oil price plunge is another area showing weakness and indicating that things are not what the mainstream media is telling you. We also discussed the plight of the Millennials and what they can do to survive and prosper. They need to learn how to build and fix things, currently skills that are in short supply. Jerry also has a new free service he'd like to share with you. 

Direct download: Jerry_Robinson_19.Jan.15.mp3
Category:general -- posted at: 2:58pm EDT
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Ned Schmidt joined us today amid a back drop of exploding debt bombs around the world. Just when you thought it was safe to sell a Swiss Franc short, the Swiss National Banc goes and ends the Euro Peg and all Hell breaks loose. And it's going to get a lot worse before it gets better. Other counties with pegs are going to see those get broken too. Pegs never work in the long run. Ned's looking forward to some good action in the ag-commodities and some ag stocks as well. But the real action is going to take place in gold and silver. He likes the GDX and thinks the GDXJ may be getting ready for a break-out as well. Take a look and decide. The charts look sweet!

Direct download: Ned_Schmidt_19.Jan.15.mp3
Category:general -- posted at: 2:57pm EDT
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John recently wrote, Switzerland, as everyone knows by now, has slipped out the back door of the drunken orgy that is the modern financial system. And the other revelers are wondering if it’s time to find their own clothes and start tiptoeing towards the exit.

Because the Swiss have such a big “mind share” in the world of finance, it’s easy to forget how tiny their country actually is: Eight million people, a landmass of 40,000 square kilometers (less than half that of Virginia, for instance), and a few interesting but by no means essential exports like watches, chocolate, and pharmaceuticals. But in banking it’s a behemoth. Traditionally the place where money ran to hide, whether gold stolen by Nazis, tax revenues stolen by kleptocrats or personal wealth stashed by reasonable individuals living in unreasonable countries, it has for centuries been as reassuringly — and purposefully — boring as an aging accountant.

In other words, the Swiss are purveyors of financial stability, which requires a rock-solid currency and predictable behavior. The franc, as a result, has for long stretches been the only fiat currency to hold its value versus gold.

Direct download: John_Rubino_19.Jan.15.mp3
Category:general -- posted at: 1:49pm EDT
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