Let’s face it, the global financial system is now receiving home hospice care, compliments of the Federal Reserve. With the implosion of the Repo Market, the Fed has been trying to keep the lid on a pot that wants to boil over. Could this be a repeat performance of 2008-09. Darry and I agree that there’s probably one or more banks around the globe that have either failed or failing. What's happening now is strikingly similar to what happened then. Now we're all a decade wiser and understand the game better. It would benefit you greatly to understand it as well. 

Direct download: Darryl_Schoon_15.Oct.19.mp3
Category:general -- posted at: 9:01am EDT

We talked with Miami hedge fund manager and blogger came on the show for his first time. He's seeing economic storm clouds on the horizon. After all, how long can the good times go on for? The Miami luxury condo and housing market is already starting to fall apart. The carrying costs are too high and there's and the greater fools from other countries have fled the market. So look out below. Similar things are happening in NYC, San Francisco, LA, etc. Oh and don't go expecting the China Deal to keep things going. According to Kuppy, it's not a real deal, simply an agreement to maybe agree. 

Direct download: Harris__Kupperman_14.Oct.19.mp3
Category:general -- posted at: 9:00am EDT

Heather Havenwood was always different. While her friends in Texas were simply looking to get married and have a family, she always wanted to be an entrepreneur. She teamed up with a person she thought was trustworthy. They were succeeding beyond her expectations and then the unthinkable happened. Her partner absconded with all their company's assets, leaving Heather holding the bag. This led her to bankruptcy and couch surfing for many months. Finally, she went to an old mentor and asked the question, "Where did I go wrong." The answer was, you were too busy running the show to concern yourself with the really important issues. Today, she's successful and helping other female entrepreneurs to get their start. Truly an inspiration. 

Direct download: Heather_Havenwood_10.Oct.10.mp3
Category:general -- posted at: 9:01am EDT

The latest revelation in the ongoing saga to get President Trump is that Adam Schiff conferred with the so-called "whistleblower" before the complaint at issue was ever made. This is something Schiff lied about on national television; he said he had never spoken directly with the whistleblower. That’s just one lie in a string of lies that never seems to matter if you’re a Democrat or if you’re out to destroy the President. Perhaps most vexing is that these lies and coordinated attacks are often treated as if they happened in a vacuum, without motive or pattern, and certainly not with acknowledgement that the accusations have continued to be proven false

Direct download: Karen_Kataline_10.Oct.19.mp3
Category:general -- posted at: 9:00am EDT

Eric Hadik has been right about the price of gold for years now. He's forecasting a late Q4 Gold Rally that will continue well into March 2020. The cycles are aligning. He's think that a US Dollar correction is possible but not assured. The interest rate should see a final peak in bonds and low in interest rates in mid 2020. Up from there. Between now and then a six month low in bond prices. Crude bottomed around 50 and surged to 63 on Iranian attack on the Saudis. Seems to be range bound for at least a while to come. It's shaping up to be a very exciting 2020. 

Direct download: Eric_Hadik_09.Oct.19.mp3
Category:general -- posted at: 9:01am EDT

Unemployment hit 3.5% a low not seen since the 1960’s. The economy while slowing is still pretty strong. Lay-offs appear to be picking up. Jobs are plentiful. Anyone who really wants one can find one quickly. Pay is also picking up. But for how long? Debt is escalating and trillion dollar deficits are becoming the norm. And just why is the Fed cutting interest rates?

Direct download: Jeff_Socha_09.Oct.19.mp3
Category:general -- posted at: 9:00am EDT

First time guest Christopher Markowski says, "Prostitutes are much more honorable than many American businesses that bend over for China. Elizabeth Warren gets caught on video lying about her past and making up sob stories again. More Ukrainegate nonsense. The deficit is the highest in seven years and nobody cares. The media fuels investment rip-offs, then reports on them like they had nothing to do with their unwarranted rise after they collapse. The UAW strike. Economic numbers. Trump doing what he said he was going to do in Syria."

Direct download: Chris_Markowski_09.Oct.19.mp3
Category:general -- posted at: 9:01am EDT

Lunide Louis has a gift and she decided to share it with an audience. But she didn't have one. So she started a podcast with very ambitious audience goals and so far she's exceeded. But her morning wake-up and goal setting program looks like a winner and that's why we're bringing here to you. We're trying some of her specific action steps. If you do too, please let us know how they work out for you. 

Direct download: Lunide_Louis_08.Oct.19.mp3
Category:general -- posted at: 9:00am EDT

Ned Schmidt, one of the foremost agricultural commodity and stock analysts is extremely skeptical about plant-based burgers. They've been around for a long time but only recently has their taste improved. While Ned believes that eventual human demand for grains will put a major damper on beef production, we're not there yet. Could these fake meats just be another Millennial corporate scam? 

Direct download: Ned_Schmidt_Part_2_08.Oct.19.mp3
Category:general -- posted at: 9:01am EDT

Something crazy is hitting the markets. Why can't Johnny sell repos anymore. Has QE4 already started? Has the Fed lost control? Lot's of questions and not many answers. But we do know that gold's quantity is physically limited, while fiat currency knows no such boundaries. The world's awash in sovereign debt with no end in site: until fiscal sanity again prevails, if ever. Things have been working so well, why change them?  

Direct download: Ned_Schmidt_China_08.Oct.19.mp3
Category:general -- posted at: 9:00am EDT

Houston we have a problem. Chinese and Hong Kong banks are running out of dollars. But I thought we had too many of them floating around the world. Guess not. There's plenty more where they came from. It's just another example of the glue that holds together the world financial system coming apart at the seams. First it was the staid repo market. Now it's foreign banks running out of the reserve currency. As Martin Armstrong often explains, 70% of the 100 dollar bills in circulation are held overseas. So much for the immediate demise of the reserve currency. 

Special shout-out to my son-in-law's father, John Kirby, who passed on last week. A prince among men and one of those important people you've never heard of. 

Direct download: John_Rubino_07.Oct.19.mp3
Category:general -- posted at: 9:01am EDT

Leftist conspiracy-monger Adam Schiff was aware of select details of the Ukraine-Biden allegations against President Trump before a lying CIA snitch reportedly involved in the case filed a complaint under a whistleblower law, according to the intermittently reliable New York Times. It has been widely reported that the CIA official’s complaint was based on a July 25 telephone conversation between Trump and Ukrainian President Volodymyr Zelensky that the said stoolie somehow learned about. Trump stands accused by Democrats without any credible evidence whatsoever of trying to muscle the government of Ukraine into investigating a potential 2020 opponent, Joe Biden, in order to discredit his campaign. This, of course, is the exact opposite of what actually happened.

Direct download: Matthew_Vadum_07.Oct.19.mp3
Category:general -- posted at: 9:00am EDT

Emerging markets have had their own impeachment episodes in the likes of South Korea, South Africa and Brazil. Amid mounting talk of the potential impeachment of U.S. President Donald Trump, one analyst said investors may want to look abroad to gain insight into the market implications of presidential impeachments.
 
Craig Botham, senior emerging markets economist at U.K. asset manager Schroders, said one problem with studying how markets responded to a presidential impeachment was the lack of data, as the U.S. having seen only one successful impeachment out of four attempts. Wall Street could therefore supplement their research with case studies from emerging markets such as South Korea and Brazil, whose heads of state have been ousted in the past decade.
 
Investors are in a tizzy over what impeachments have historically spelled for Wall Street, after House Democrats opened up an impeachment inquiry against U.S. President Donald Trump. A whistleblower complaint accused Trump of withholding military aid to the Ukraine to pressure it into investigating former Vice President Joe Biden and his son Hunter Biden’s dealings with Ukraine.
 
Yet even a larger data set that encompassed examples in emerging markets did not yield any easy conclusions, said Botham, citing a paper he wrote on the topic in 2017.
 
“In general, there is no direction basically. A priori you cannot say impeachment is going to be good or bad for markets,” said Botham.
But he added impeachment could set off prolonged periods of heightened market volatility.
 
In the table below, he shows that major stock-market benchmarks tended to show outsized moves during impeachment proceedings. During the impeachment investigations into Richard Nixon and Bill Clinton, annualized volatility for the S&P 500 (SPX) with historical levels.
 
Botham cautioned, however, that even if impeachment sagas do “make markets more skittish, but it can be hard to disentangle with the events of the day.”
 
For example, impeachment proceedings against Bill Clinton coincided with a surge in volatility in stock and bond markets, overlapping with the Russian debt crisis and the collapse of hedge fund Long-Term Capital Management. It was therefore unclear if the market jitters were sparked by political uncertainty or heightened global economic growth concerns.
 
Another lesson that could be gleaned from previous impeachment proceedings was that the market impact was often tied to expectations of policy change. If a new head of state didn’t break away from past policies, speculation of a looming impeachment was unlikely to spur turbulent trading in markets.
 
“The first question you ask is how likely is impeachment anyway? The second question is what does it change relative to market expectations compared with policy,” said Botham.
 
In Brazil’s case, President Dilma Rousseff’s impeachment was eagerly awaited by investors as her successor, Michel Temer, was considered a more business-friendly candidate who would reform a sclerotic public pension system, and shift the country away from left-wing populist policies that had been blamed for bringing Brazil’s public finances to its knees.
 
Yet in South Korea, market volatility was suppressed during Park Geun Hye’s impeachment in part because there was “less anticipation of a big change in economic policy,” said Botham.
 
As for the U.S., investors may not react much to Trump’s impeachment inquiry as both Republican and Democrats have a mutual desire for a more confrontational approach with China’s trade practices.
 
In the outside chance there was a change of Presidency, Botham said Trump’s successor may pursue a more conciliatory approach to the U.S’s major trading partners, who may share similar grievances against Beijing and may be willing to form a united front against China.
 
“If markets do move on the impeachment talk, people might start to price in a better trade-related outcome for the EU and NAFTA countries,” said Botham.

Direct download: John_Grace_03.Oct.19.mp3
Category:general -- posted at: 9:01am EDT

The recent economic numbers are starting to have a decidedly negative bent to them. Manufacturing is down, the stock market is heading down and nobody knows where it will stop. Trump has been haranguing the Fed to rapidly lower rates and now it appears that he'll have his wish. Another rate cut is in the offing. Will we go totally negative or just hit zero? That's the question. 

Direct download: John_Rubino_03.Oct.19.mp3
Category:general -- posted at: 9:00am EDT

David Erfle is extremely encouraged about the recent price movements of the yellow metal. He believes it was due for a breather and it appears to be getting one. After all, the tree does not grow to the sky. $1450 has become support and $1550 has become resistance. Probably later in the year, late Q4, he expects to see a resumption of the bull move and that it's anyone's guess where it will wind up. 

Direct download: David_Erfle_02.Oct.19.mp3
Category:general -- posted at: 9:01am EDT

In what looks like another trade-deal victory for the Trump Administration, Apple announced on Monday that it would manufacture its Mac Pro Desktop at a factory in Austin, Texas.

After the US government approved tariff waivers on 10 key components for the Mac Book Pro that the company sources from China.

"Manufacturing of the new model was made possible after the US government approved on Friday Apple’s request for a waiver on 25% tariffs on 10 key components imported from China."

Some analysts have warned that key components will still be made in China and exported to the US for final assembly in Austin, but the number of components for the new desktop increased by 2.5 times from the previous model.

In an interesting about-face for Trump, the president had previously signaled that he wouldn't grant the waivers, but has apparently decided to cave. We imagine the softening in his approach is related to the tit-for-tat pre-trade-talk detente going on new between Washington and Beijing.

Trump had previously signaled that relief from tariffs on the Mac Pro would be rejected, saying in a July 26 tweet that “Apple will not be given Tariff waiver, or relief for." Mac Pro parts that are made in China. Make them in the USA, no Tariffs!" However, the president later told reporters that the two families “we’ll work it out.”

Still, with five other requests pending before the DoC, Apple has plenty of reason to be anxious. So far, Cook has been spared from most duties. But products such as the Apple Watch, AirPods and iMac computers were hit by 15% tariffs earlier this month, while the iPhone, iPad and other major Apple products are set to be impacted later in December.

Apple said construction for the new desktop will begin "soon," which roughly equates to: "Before the holiday shopping season ends." Meanwhile, the revamped model was announced in June at the company’s annual conference for developers, with a starting price of $6,000. Compared with the previous version, the new model is far more customizable and integrates with a new high-resolution external monitor.

TG Watkins was first exposed to the stock market when his dad brought him to a two day seminar when he was just 12 years old.

Direct download: TG_Watkins_03.Oct.19.mp3
Category:general -- posted at: 9:00am EDT

The current low rate environment is creating malinvestment and economic anomalies wherever you look. From 8-9 year auto loans, to distorted real estate markets, it's all over the economic landscape. The cure is coming and it may well be worse than the disease, at first anyway. Transitions to new economic systems are always disruptive and often unpleasant. But change is coming and you can either go with it and prosper or go down fighting it. The choice is yours.

Direct download: Danielle_Park_01.Oct.19.mp3
Category:general -- posted at: 9:01am EDT

Reclaiming Common Sense: Finding Truth in a Post-Truth World is the one book every American patriot should read - both Democrat and Republican. Robert Curry's new follow-up to the great "Common Sense Nation" is an urgent reminder that we all need to rethink our positions in the 21st Century and know our history.

Direct download: Robert_Curry_30.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

Stock markets continued their upward trajectory in September with DJIA up almost 2%. Dollar was way up getting to 99.4. Euro down to 109. Bitcoin crashed to 8625. Metals were down with gold losing 3.3% and silver losing 17.4%. Palladium shot up to 1655. WTI down 2%. Uranium basically flat. Pt to Pd at an all time low of .53. Gold to silver back up to 86.7. Till next month!

DJIA 9/30/19            26917 1.90%
S&P 500 9/30/19              2977 1.70%
NASDAQ 9/30/19              7999 0.50%
RUS 2000 9/30/19              1523 1.90%
TSX 9/30/19            16659 1.30%
TSX.V 9/30/19 559 -5.10%
MCSI 9/30/19              1001 1.10%
VIX 9/30/19 16.24  
DXY 9/30/19 99.4 0.50%
EURO 9/30/19 109 -0.80%
10 Year 9/30/19 1.68 12.00%
Bitcoin 9/30/19 8625 -13.50%
Au 9/30/19 1472 -3.30%
Ag 9/30/19 16.97 -17.40%
Pt 9/30/19 879 -16.50%
Pd 9/30/19 1655 9.20%
Cu 9/30/19 2.59 1.10%
WTI 9/30/19 54.07 -1.90%
Brent 9/30/19 60.78 -0.60%
Henry Hub 9/30/19 2.33 1.70%
U308 9/30/19 25.5 0.58%
Ratios Au : Ag Pt : Au Pt : Pd
  86.7 0.6 0.53
Direct download: Mickey_Fulp_01.Oct.19.mp3
Category:general -- posted at: 9:01am EDT

The Repo Market has been distressed for two weeks now. The Fed keeps on injecting more money to keep it liquid. Why? They're just going to have to keep on doing it until something else happens.

Don't impeachment. It's not going anywhere. And it can't. But that's not going to stop Pelosi and the wicked out Squad. Humiliation is there's.

State pension funds going bust. 10 are good. Another 12 are okay and the rest are toast, especially NJ, Kentucky, Illinois and 7 others.

Direct download: TLR_473.mp3
Category:general -- posted at: 9:00am EDT

On October 26-27 Jason Hartman will be holding another Profits in Paradise in Orlando Florida. This is must see event. Along with Jason's usual all-star cast of guests, he'll be introducing new opportunities for new and current investors. The future of turn-key cash-flowing single family homes has never been brighter. We are giving away 2 pairs of tickets to the 3rd and 6th email respondents. So write us soon at kl@kerrylutz.com. Otherwise go to JasonHartman.com and sign up now! See you in Orlando. 

Direct download: Jason_Hartman_01.Oct.19.mp3
Category:general -- posted at: 2:00pm EDT

The Dems have been after President Trump since before his inauguration. It's one thing after another and the public is getting fatigued by the onslaught of unproven allegations. How many times can the "Boy Cry Wolf?" Credibility is being lost as we speak. The impeachment and removal from office is never going to happen. In other news, the world financial system continues to crumble, but that's okay. Nothing to worry about escalating government debt. We have nothing to fear but debt. 

Direct download: Kenneth_Ameduri_27.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

The nation's trial lawyers are in control and protecting you from harmful vaping companies like Juul. No matter that 8 million people have quit smoking using this device. I guess they'd be better off smoking tobacco, after all you might only get lung cancer. 

And the Trump Impeachment saga gets a new lease on life. Thank you all whistleblowers. We hear you!

Direct download: James_Hirsen_27.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

The Fed pumps another $75 billion into markets — its 3rd straight daily injection.The Federal Reserve jumped into financial markets for a third straight day on Thursday in another attempt to keep interest rates from moving higher.The central bank has injected a total of $203 billion into markets this week — $75 billion on both Wednesday and Thursday, and $53 billion on Tuesday.

This week marked the first time the central bank has taken such steps since the global financial crisis 10 years ago. Visit the Markets Insider homepage for more stories. The Federal Reserve jumped into financial markets for a third straight day on Thursday in another attempt to keep interest rates from moving higher. The New York Federal Reserve said late Wednesday that it would inject another $75 billion into the market on Thursday to keep the federal funds rate within its target range. Short-term rates had earlier this week shot up as high as 10%, threatening to disrupt the bond market and the overall lending system. When will we return to the way things used to be?

Direct download: Al_Caciedo_25.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

Charles Nenner has been calling for higher gold/precious metals prices for a while now. The market has finally caught up with his forecast. Gold will start rising again next year and eventually hit the $2500 mark. Look for a much more volatile VIX index, lower energy and food prices and a hastening of the deflationary trend. Strong dollar, low rates and higher bond prices. It's going to get interesting real soon, real fast. For more go to www. FinancialSurvivalNetwork.com.

Direct download: Charles_Nenner_25.Sep.19.mp3
Category:general -- posted at: 9:00am EDT



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