We were pleased to have Dr. Wil Reilly on the show, an African-American professor of political science at Kentucky State University and has done  extensive research on how the left is selling a fake race war. 

We discussed the breaking news that the Jussie Smollet case is yet another hoax the left--along with their allies in the mainstream media--have concocted to sell a false narrative painting Trump supporters as hateful racists.   

Dr. Reilly’s book, Hate Crime Hoax: How the Left is Selling a Fake Race War was just released on 2/26!

Direct download: Wil_Reilly_28.Feb.19.mp3
Category:general -- posted at: 2:01pm EDT

The strength of the recent gold rally has taken Nick by surprise. He was expecting the move, but not now. It’s now time for a minor pullback and then the rally will continue. The dollar is just getting started again. Expect higher highs. The stock market is headed for rough times. Nick doesn’t see any new highs for a while and is expecting the markets to head south again, once the current rally concludes. It’s all wait and see. 

Direct download: Nick_Santiago_28.Feb.19.mp3
Category:general -- posted at: 1:47pm EDT

As noted computer security expert says, it’s no secret that there’s a global epidemic of data theft and hacker infiltration. While larger companies have made some progress in protecting their data, the breeches continue. Your information is out there floating around on the dark web. Nonetheless, you still need to do everything in your power to keep your data safe. Rob gives a number of action steps you can take to minimize the chances your data will get stolen. 

Direct download: Rob_Ragusa_27.Feb.19.mp3
Category:general -- posted at: 3:05pm EDT

As Ned Schmidt observes, precious metals have been racking up impressive gains since October. The dollar and the stock market appear to have peaked. That leaves the metals to take up the charge. Have you seen Palladium? Breaking records almost daily. Mining stocks have picked up as well. As far as the agricultural commodities go, Ned believes that China is in big trouble because of the Pig Flu epidemic which has led to major reductions in hog production and therefore a major need for US farm products. Right now, there's not much news coming out, but come early April the trend will become obvious. Interesting times ahead!

Direct download: Ned_Schmidt_27.Feb.19.mp3
Category:general -- posted at: 1:11pm EDT

Naresh Vissa has just written his 6th book. Several of them have gone on to become Amazon Bestsellers. His book about podcasting has sold over 12,000 copies, a remarkable achievement. His latest book From Nobody to Bestselling Author appears ready to follow the trend. He covers the basics from how to write, how to be interesting and how to be a marketable author. It's hard to believe that using free dictation software on your smartphone can help turn you into a bestseller. Naresh has a system and it has worked for him and many others. Of course there's no guarantees, but using it will give you the best possible chance for success and stardom. 

Direct download: Naresh_Vissa_26.Feb.19.mp3
Category:general -- posted at: 10:51am EDT

Blue Sky Uranium is one of the most exciting exploration companies on one of the most undervalued market sectors. In this interview Blue Sky’s CEO Nikolas Cacos explains why the price of uranium could double in the coming year, and why his company’s upcoming news might catch the attention of the industry's big players.  Hours after our interview the Company released a highly favorable Preliminary Economic Assessment (PEA). Click here to review it...

 

Direct download: John_Rubino_DC_Nick_Cacos_26.Feb.19.mp3
Category:general -- posted at: 10:05am EDT

As Sam writes, the U.S. economy is fundamentally strong — for now
Federal Reserve Board Chairman Jerome Powell explains the Fed’s new patient policy.

With the shutdown ended, President Donald Trump’s erratic behavior isn’t killing us. For now. January was a month of bad economic news when there was any news at all (i.e. when data wasn’t delayed because of the government shutdown) — until Wednesday.

Then we found out from payroll processor ADP that private employers added 213,000 jobs this month. Hours later, the Federal Reserve, spooked enough by the tumult over the shutdown and the manifest nuttiness emanating from the White House and the shutdown, said it was out of the business of raising interest rates for a while.

And stocks zoomed, with the Dow Jones Industrial Average DJIA, -0.64% s rising 435 points and the Standard & Poor’s 500 SPX, +0.02% tacking on 1.6%.

Also read: How a dovish Fed sparked a stock-market rally and tanked the U.S. dollar

Has the Orange Combover morphed into Goldilocks? Hmmm.

More like, we’re getting a reminder that fundamentals matter more than politics. Right now, the fundamentals are still pretty good — the Congressional Budget Office estimates the shutdown cost the economy a modest $11 billion (it’s a $20 trillion a year economy), and $8 billion of it will be made up as federal workers get back pay. Employers are still hiring.

Not everything is perfect — there was a very weak report on existing-home sales from the National Association of Realtors, and business and consumer confidence surveys are weakening.

But with the shutdown ended, President Donald Trump’s erratic behavior isn’t killing us. For now.

So what happens next?

First, take the Fed’s easing off the brakes seriously. Inflation is so low, still, that the central doesn’t really have to raise interest rates — only 1.9% in core inflation the last 12 months, and oil and gasoline prices excluded from the core number have been falling recently after spiking higher earlier in 2018.

There’s more disinflation coming our way later this year, too, as new oil pipelines in Texas are completed, letting producers more freely move the Southwest’s fast-growing crude production to refineries in the rest of the country.

I was in Texas last weekend, where the first gas station I saw was charging $1.81 a gallon for regular, about 40 cents below the national average, because the pipeline shortage forces local producers to keep more of their crude in the region. While prices might not fall that much nationally when those locked-down supplies become available to more Americans, we’re going to get a dose of what people in the interior of the country are having ,and it will give the Fed the ability to wait before raising rates much (or any) more.

Obviously, the Fed going more slowly than had been expected is good for stocks.

“It sure looks like this Fed chair may believe in a triple not dual mandate: Maximum employment, stable inflation and a solid equity market,” independent economist Joel Naroff told clients.

Second, the next big way Trump can mess things up is by hiking tariffs on $250 billion of Chinese-made manufactured goods if the two nations don’t reach a revised trade deal by March.

As The Wall Street Journal reported, both sides are under pressure to make a deal — China, because its economic growth is slowing, and Trump because the ineptitude of his capitulation in the government shutdown, when he didn’t get the wall on the Mexican border he wanted.

Ego often trumps the president’s appreciation of his own self-interest, but his incentives are to play ball and take a less-than-radical deal with China. It keeps the markets calm, preserving more of the gains that bolster his taking credit for economic stewardship. And to put a none-too-fine point on it, he needs a stretch where he doesn’t look like a clown to all but his most-devoted followers.

But all of this really only gets the economy through the next few months.

After that, the market will depend on corporate earnings, which are coming in strong for the fourth quarter. Facebook FB, +11.32% and Apple AAPL, +0.22% beat estimates — Facebook trounced them — but estimates for the rest of the year, marketwide, are still declining, CFRA Research strategist Sam Stovall said.

So those strong fundamentals I mentioned a moment ago? We’re finally at the point in the expansion where the weakening is apparent on the horizon. It might fix before we get to the middle-to-late part of 2019, or it might not.

The Fed is “mindful that financial conditions have tightened, global growth is slowing, the outcome of ongoing trade disputes remains uncertain, as does the outcome of Brexit,” Regions Financial economist Richard Moody said. “What remains fairly subdued inflation gives the [Fed] the latitude to see how these issues resolve before deciding on the appropriate path of the fed funds rate going forward. This is clearly the appropriate stance to take at this time.”

On Friday, we get the January jobs report, and any big drop it may show in federal employment due to the shutdown is temporary.

But the declines we’re seeing in both consumer and business confidence, as well as housing sales, are the signs to watch.

 

Direct download: Sam_McElroy_26.Feb.19.mp3
Category:general -- posted at: 3:06pm EDT

Niko Cacos has been working in Argentina for decades and right now he's on the ride of his life. As President, CEO of Blue Sky Uranium (FSN Show Sponsor) he's working on a new world-class Uranium District. The deposit is very close to the surface and thus extremely economical to mine. It's similar to those found in low cost leader Kazakhstan. Jorge Berizzo was a government geologist and spent years mapping the district, but the country's leaders were never in a position to exploit his find. Now as technical advisor to the Company, he's seeing his life's work realized. When the Preliminary Economic Assessment (PEA) comes out (any day now) big things could follow. Blue Sky trades on the TSX-V as BSK and the OTC as BKUCF. Have a look. 

Direct download: Nico_Caco_26.Feb.19.mp3
Category:general -- posted at: 1:45pm EDT

For years, John Rubino and Kerry Lutz have been covering the dollar, gold and U.S. economy. Today we discuss what keeps these financial educators motivated.

John Rubino: https://www.dollarcollapse.com/

EXCLUSIVE CONTENT

Patreon: https://www.patreon.com/KennedyFinance

BitBacker: https://bitbacker.io/user/philipkennedy/

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Direct download: KF_Kerry__John_25.Feb.19.mp3
Category:general -- posted at: 12:56pm EDT

Ken Lewis runs Apmex, one of the largest bullion dealers in the nation. Recently he's seen sales pick up and interest in the sector return. Production, along with demand, has been down, but that may be changing. While we saw the expected seasonal bump in December/January, it appears to have continued into February, with gold outpacing the stock market and holding steady over the psychologically important $1300 per oz. mark. This could be the start of another major move up in precious metals prices. Let's see what happens next. And Ken is giving out Sprott's Special Gold Report. Just click here...

Direct download: Ken_Lewis_26.Feb.19.mp3
Category:general -- posted at: 11:46am EDT

It's always a good policy to be slow to offend and quick to forgive. Evidently the Millennials could use a lesson in critical thinking and forgiveness. Some stories are just suspicious on their face, as was the Jussie Smollett mess. The media so wanted the story to be true that they ignored all journalistic instincts and ran with it. Now they have egg on their faces and their declining credibility has been further driven into the ground. Will they ever learn? No!

Direct download: John_Huber_25.Feb.19.mp3
Category:general -- posted at: 2:20pm EDT

Jeff writes that trade data for November 2018 published by the Department of Commerce indicates that the Trump Administration’s tariffs may finally be improving our balance of trade. The November goods and services deficit came in at $49.3 billion, 11.5 percent better than October’s figure of $55.7 billion. Equally significant, the November figure was only a hair (0.7 percent to be exact) above the November 2017 deficit of $49.0B. Deficits in previous months in 2018 were typically 10 to 15 percent worse than the corresponding month in 2017. If November is now level-pegging 2017 figures, that is a healthy improvement over the earlier months of 2018. It appears that a final deal may be in the offing. Let's see what happens next. 

Direct download: Jeff_Ferry_blink_21.Feb.19.mp3
Category:general -- posted at: 1:51pm EDT

John Grace believes the stock market won't keep returning the kinds of yearly gains investors have gotten used to. "Our expectations around U.S. equity markets is for about a 5 percent median, annualized return," says the fund group's CIO. The stock market won't keep returning the kinds of yearly gains investors have gotten used to since the financial crisis bottom in 2009, Vanguard's chief investment officer, Greg Davis, said. "If we look forward for the next 10 years, our expectations around U.S. equity markets is for about a 5 percent median annualized return," he told CNBC. This means investor expectations will have to come more in line with reality. 

Direct download: John_Grace_21.Feb.19.mp3
Category:general -- posted at: 1:31pm EDT

VA Gov. Ralph Northam Should Resign. In Jeff's new book, The Secret Life: A Book of Wisdom, he directly ties Maimonides’ teachings to the issue of whether Virginia Gov. Ralph Northam should resign. And yes, he should resign. They tell us that, on an interpersonal level, one should be quick to forgive someone who asks forgiveness. But full redemption is available only when one again finds himself in the same position but chooses to act differently the second time around. In Northam’s case, this would mean that in the 35 years since his blackface incident, he has worked to soothe racial tensions in this country and advance the cause of African-Americans, rather than do the opposite. But, indeed, he has done the opposite. And that's why he has to go. 

Direct download: Jeffrey_Katz_20.Feb.19.mp3
Category:general -- posted at: 5:13pm EDT

The new tax law definitely put more money in most people's pockets. However, due to an anomaly of the tax tables and payroll tax computation software, many people have received smaller refunds. What they fail to understand is that they still ended up with more money and paid less taxes. Their overpayment to the IRS was smaller and therefore their refund was less. And that's actually a good thing, because overwithholding/overpaying the IRS is actually an interest free loan to the government. 

Direct download: Jeff_Socha_20.Feb.19.mp3
Category:general -- posted at: 12:31pm EDT

Mike's progression to serial entrepreneur was part of a natural progress. He's developed a disciplined approach to choosing and marketing products.He wants it to be scalable and easy to demonstrate. Then he'll be able to make a quick instagram demo spot and sales will start coming in. Amazon is a must platform for aspiring entrepreneurs. If you don't put it out there, someone else will. If you have the drive then Mike says just start something, regardless how small it may be. Offer yourself for free to someone who you look up to and swing for the fences. Entrepreneurship is a representation of what makes America great. That's why it's so important that we keep fighting for it. 

Direct download: Mike_Watts_20.Feb.19.mp3
Category:general -- posted at: 11:27am EDT

According to Lior Gantz the US Dollar is on a path of serious decline. More countries are de-dollarizing as China becomes the pre-eminent economy. Out of control deficits are another symptom of the problem. As the appetite for US Treasuries fades, the Fed will be left with no choice but to print up new dollars to finance the deficits. They're boxed in with very limited choices, none of them attractive. 

Direct download: Lior_Gantz_19.Feb.19.mp3
Category:general -- posted at: 4:37pm EDT

What did we get from the partial governmental shutdown? David believes not very much. We'll see lower GDP growth and lower economic growth. The actual cost of the shutdown will cost more than many walls would have. It was all for naught. David believes that it would have been worth having a shutdown over the nation's burgeoning debt levels, instead of the border wall. Now it's likely there won't be another shutdown, for better or for worse. 

Direct download: David_Scranton_19.Feb.19.mp3
Category:general -- posted at: 1:29pm EDT

EJ McMahon could be the last sane person still in New York, at least after I left. As research director at the Empire Center for Public Policy and an adjunct fellow at the Manhattan Institute, EJ fights a never ending battle against the economic insanity that passes for policy in my former home state. Unfortunately, it's been a uphill battle. With people like AOC, Comrade DeBlasio and Comrade Cuomo running things, it's almost impossible to maintain optimism and hope for the future. 

We discussed the impact of the new tax law on NYS, the further drain of high income earners to lower tax states, as well as mentally ill induced homelessness and NYS/NYC's crumbling infrastructure. There's a lot here that needs to be heard. 

Direct download: EJ_McMahon_19.Feb.19.mp3
Category:general -- posted at: 11:30am EDT

2018 is over and now the effects of the new tax law are starting to be take hold. Clearly the upper middle class and working rich have taken a major hit, especially those in high-tax states. While there were some benefits spread around, the loss of the State and Local Tax Deduction has cost select groups billions. This is leading to an exodus from these states to lower tax ones. You need only reside in a low tax state slightly more than half the year to take advantage of lower rates. Many people are starting to figure this out. Expect the trend to accelerate in the coming years. 

Direct download: Elizabeth_Hale_18.Feb.19.mp3
Category:general -- posted at: 4:10pm EDT

Gold has been looking much brighter lately, but is it ready to shine? The declining global financial system has made many of us believe that gold would keep going up and up. But we've been wrong for years. Precious metals markets have been in a pronounced secular bear market, with lower lows and lower highs. Until now, perhaps. The key technical resistance point is $1350-$1363 per ounce. If it breaks through in the near term, we'll have our needed confirmation. However, it might not follow through, in which case we'll be looking towards a summer rally. Either way, it's entirely likely that the tide has turned. 

Direct download: John_Rubino_18.Feb.19.mp3
Category:general -- posted at: 3:46pm EDT

Ivan Bebek's company Auryn Resources (AUG on the TSX and NYSE American-FSN Sponsor) is on the cusp of two major gold discoveries. Ivan with his team has already built and sold two successful exploration companies and Auryn could easily be the next. On this go 'round Ivan is using state of the art artificial intelligence (AI) to hone in on what could be massive deposits. The company has little concern about raising capital. It's one of the best capitalized juniors ever. Most people would be content to sell off one just one company to a major or to make just one world-class discovery, but not Ivan. He is used to reaching for the stars and finding major success. 

Direct download: Ivan_Bebek_13.Feb.19.mp3
Category:general -- posted at: 9:00am EDT

As we wrote recently, high tax states like NY, CA, CT, NJ, MA, IL and others are starting to feel the new tax law's impact. Governor Andy Cuomo went to the White House hat in hand to beg for the increasing of the SALT deduction (It was unlimited but the law reduced it to 10k per annum). He's looking at a $2.3 billion hole in his budget directly attributable to it. Good luck there. President Trump suggested he look at reducing high taxes, now there's a novel concept. 

We mourn the passing of Prince Leonard, who took on the Australian central government when they tried to put his farm out of business. He started the province Hutt River which the government refused to recognize. Once, for three days, he declared war on the state. Hopefully his spirit will carry on and a new generation of Aussies will continue the fight. 

Direct download: TLR_466_13.Feb.19.mp3
Category:general -- posted at: 12:54pm EDT

Ed Moya believes that the trade war will be ending soon. While Trump might not get everything he's looking for there will be substantial changes in the relationship that will be beneficial for the US. Look for higher ag and energy exports and perhaps some movement on IP and Tech as well. Of course there will be compromises but overall this should result in improved stock market performance. While earnings growth has headed downward recently, it could accelerate for certain sectors once a deal is completed. There won't be any more government shutdowns and let's see what happens with the next debt ceiling increase. 

Direct download: Ed_Moya_13.Feb.19.mp3
Category:general -- posted at: 12:47pm EDT

2018 is the first year where the affects of the so-called tax reform act were experienced. It appears that some businesses are doing quite well. How many companies have just taken the money and bought their stock back is an issue. For individuals there are some high earner losers in high tax blue states (I repeat myself) and there's a lot in the middle who don't see much difference either way and then there's those at the bottom who've gotten some crumbs, as Nancy Pelosi would say. One thing that can't be disputed, employment demand has increased dramatically and wages have started to go higher. In the end it's a mixed bag. One thing is for certain, US Corporate tax rates were the highest in the world and needed a dramatic reduction. 

Direct download: Al_Caceido_12.Feb.19.mp3
Category:general -- posted at: 2:53pm EDT



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