Kerry Lutz's--Financial Survival Network

David Morgan, author of The Silver Manifesto joined us today. We reviewed the the Northwest Territorial Mint Bankruptcy and its implications for the bullion market. It's always a good idea to split up your purchases and don't put all your eggs in one basket. Multiple dealers are a good idea. At least if you buy on eBay, they will stand behind their sellers and issue you a refund in the event of non-delivery. Now in the wake of NWT's bankruptcy, there's hundreds if not thousands of buyers left holding the bag.

Next we discussed the current state of the precious metals markets. David sees 2016 as a net positive and he believes the real upside action is reserved for 2017. Either, he believes that a bottom has probably been put in, but you never know.

Andrew Zatlin takes a numbers based approach to the economy. He believes that employment has peaked and it's going down from here. This will stretch profits at many firms and lead to cost cutting and more layoffs, which further perpetuates the cycle. Stocks will probably head lower for the year and in 2017, watch out for the dividend payers, there might be substantial cuts in payouts. 

It's always important to look back and review your past as well as looking ahead to where the future may take you. Jason does that regularly and looking back at 2015 he sees that he missed on oil and gold. Who could have expected oil to crash to decades low levels? As far as gold, it's always hard to catch a falling knife. But looking ahead at 2016, the trends in place will continue. The sheeple still don't get it, but some are waking up now. 

A massive document breach from on of the world's shadiest law firms has already resulted in the resignation of Iceland's Prime Minister. Nothing worse than having those secret off-shore bank accounts becoming public. It will be interesting to see who's quitting next. The subterfuge and deceit has risen to the surface and perhaps the world will never again be the same.