Many people are emotionally tied into their homes. As they get older, their earnings potential declines but they want to maintain their quality of life. That's where a reverse mortgage can help. Rather than doing the rational thing - selling their home while investing the proceeds, a reverse mortgage allows them to eliminate their mortgage payments while still living in their home and thus cut their monthly living costs. It's a good idea to go over this scenario with a financial advisor or accountant to see if it makes sense for you. 

Direct download: Michael_Banner_15.May.19.mp3
Category:general -- posted at: 5:03pm EDT

Many of us look at the precious metals markets and believe that there's something amiss. With all the money printing and geo-political turmoil, it's believed that the price should be much higher. Is it a conspiracy to hold prices down or is the market functioning the way it was intended? Peter believes that the demand just isn't there to make prices go higher. He gives the example, If the US and Iran went to war tomorrow, the price of gold would probably go over $1400, and not even JP Morgan could stop it. Interesting theory, we all have our own opinions on the subject. 

Direct download: Peter_Hug_15.May.19.mp3
Category:general -- posted at: 1:49pm EDT

Nathan Lewis writes, "I think the time is coming for an idea that is so old that it is new again: cutting the Federal government in half.

The idea is: cancel all Federal welfare-type programs, including all means-tested welfare programs (apparently there are over 150 of them), all healthcare-related programs including Medicare and Medicaid, all education-related, arts-related and housing-related programs, and anything else of this sort — in short, most everything except for the military, national parks, and maybe some public works. Social Security could eventually be reformed to a system of private retirement accounts, known as a “provident fund” system and in use today in over thirty countries.

No “block grants” or other such schemes. Just terminate the programs. This would make State governments responsible for all such welfare-type programs, to do as they see fit, and to impose taxes appropriately to pay for them. Give them twelve months to get ready. States like California and Massachusetts would be free to introduce the single-payer healthcare system of their dreams, while other states, like Utah or Texas, might have more private-sector-based solutions. States are active in all of these spheres already."

Direct download: Nathan_Lewis_15.May.19.mp3
Category:general -- posted at: 1:16pm EDT

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