Kerry Lutz's--Financial Survival Network (general)

Mickey Fulp, the Mercenary Geologist, joined us today for a review of June's Major Markets. The old saw, "Sell in May and go away," is definitely holding true in 2015. With the Greek Crisis coming to a head and full scale chaos breaking out all over the country, the markets are almost certain to take a hit or at the very least increased volatility is sure to result. Where they eventually wind up is by no means certain, so caution is the word of the day. 

Digging yourself out of credit card debt can be a huge financial challenge. As the bills begin to mount on one or multiple pieces of plastic, it's easy to feel overwhelmed and unsure of how to pay it all off. Unfortunately, far too often people fall into some common pitfalls when attempting to tackle their debt and wind up doing more harm than good. To help you avoid these mistakes, Kristin consulted money management experts for their tips on the smartest and dumbest ways to pay off credit card debt. 

Jason Hartman joined us today to discuss the antidote to Financial Repression. Jason has been marketing the cure to Financial Repression before he even knew it existed. While you can chase higher yield in various funds, the fact is that the high fees and expenses that you will encounter are just another form of Financial Repression. Over the course of decades you'll be eaten alive. Unlike buying and holding single family homes where there's nobody nickeling and diming you into oblivion. 

HayekGold was inspired by Austrian Economic author and thought-leader, F.A. Hayek, is the new digital gold product offered by Anthem Vault. Each ‘Hayek’ represents one gram of gold, that is secured in Anthem Vault’s world-class vaulting facility. After purchasing gold through an Anthem Vault account, users can then safely transfer their gold into HayekGold. HayekGold can then be spent and stored using the latest in secure, block chain technology. HayekGold simplifies your gold into a digitized gold asset that’s easy to manage in a global market. The digital asset can help gold owners move their gold more fluidly, while also minimizing transfer costs. The goal of cryptographic technology is to make owning assets easier and more secure. HayekGold does just that. 

What In The World Is Really Going On Wednesdays With Andrew Hoffman:

Greece

China crash

Commodities 

record gold demand/COMEX fraud (derivatives, open interest, etc.)

And Puerto RIco too.

Success in the music, sports, and entertainment industries is frequently marked by an increase in personal financial resources. The material enhancements often occur to such a heightened degree and in such a rapid manner that the celebrated beneficiaries are left unprepared to effectively deal with their circumstances without the assistance of professional guidance.

Many well-known celebrities have found themselves in financial ruin, despite having had huge amounts of money placed within their hands.

Actor Nicolas Cage, boxer Mike Tyson, rapper MC Hammer, actress Kim Basinger, and singer Willie Nelson are a few examples of some of the famed individuals who unfortunately ended up with their balance sheets in negative territory.

The Chair of the Federal Reserve is again hinting interest rates might go up before the year is out although predictions from the experts to that effect have been  wrong again and again.

"I stand by my prediction that the Fed will not raise interest rates through 2015", says personal finance expert and the Nation' 'Money Answers Man' Jordon Goodman. "There is still a lot of uncertainty here - and abroad - and for that reason I don't believe it will be wise to raise rates this year".

A bump up in interest rates  - when it comes - could spook investors who have gotten used to historically low rates since the 'Great Recession'. 

"The Fed has been in a bind of late as it sees economic growth and low inflation but not enough impetus to raise interest rates even though a hike would signal a continuing economic recovery in the US", says Goodman.

According to Gordon T. Long, Greece and Puerto Rico's collapses have one very important factor in common, bloated overly generous public pensions. No one wants to give them up or seem them reformed and the price could be widespread civil unrest. Greece has defaulted and Puerto Rico is talking seriously about it. What's the next stage in the global debt crisis? Gordon has some important ideas about it. 

John recounts how the Greek Tragedy has finally come to an end. Would you believe that John's website DollarCollapse.com is 10 years old? When he started it, he figured that the monetary unravelling would take just one year at most. When FSN started in 2011, we figured it would be at most 6 months. He we are four years later and there could be years to go. And now China and Puerto Rico and how many other countries must fail? 

Mortgage rates are going up. Could this be spurring sales? Buyers could be buying now to avoid higher rates, it's happened before. But the rest of the economy doesn't look so great does it? Hiring and wages are trending higher, but can you believe the numbers? Perhaps it's time to go back to bartender school, but they're automating bartenders and truckdrivers out of business. So what's no-skilled/low-skilled worker to do? And what's with that Chinese goldminer buying shares around the globe?

Athens is coming closer to running out of cash by the day, and a default is looming on the horizon. Other EU countries appear to be trying to help Greece, but no one really wants to get their hands dirty. 

Greece’s spiraling downfall should be a wake-up call for other countries facing a debt crisis, starting with the United States. We watched our government bailout big banks and major corporations such as General Motors during and after the 2008 crisis. Is Greece the next one up for help? Is there a plan in place?

Mark Everson is running for President of the United States. He believes that Americans deserve constructive solutions to the challenges facing our country.

When did you last believe the country was on the right track? Politicians continue to lie and get away with untruthful explanations. Each party offers painless solutions which protect special interests and reward millionaire lobbyists.

What if we undertake bold tax reform and free the vast majority of Americans from the burden of filing a tax return with the IRS? Wouldn’t that be better than the mess we have now and also grow our economy in the process?

What can they do to save this mess Wednesdays with Andrew Hoffman:

Greece!

-today's aritcle, "can Greece be contained?"

collapsing mining industry

collapsing commodities

collapsing collapses

the EMOTION that has crept into my writing as efforts to manipulate markets/media have become epic!

Keith Neumeyer has created two billion dollar mining companies, First Quantum and First Majestic. Now in the depths of the mining depression he's looking to start another, First Mining Finance. Keith believes that the sector has to recover at some point because of the growth picture in other parts of the world. Presently there's no shortage of opportunities and the key is sticking to the discipline and making sound investments in good jurisdictions with good ore quality. Then it's just a matter of sitting back and waiting and letting the market prove Keith right yet again. 

According to independent analyst Steve Rocco gold and silver mining is all about the return on energy invested. And he's got the charts to back it up. That's why in the long run the US and the world economies are headed for low growth and the precious metals can't help but go up. Ore grades and the difficulties involved with extraction as well as energy prices are headed up and so is demand, which means higher prices. Most producers are currently selling at a loss, so what other outcome can there be? 

Kip is an entrepreneur's entrepreneur. Throughout his lengthy career he's suffered a number of bouts of entrepreneur burnout. The best way to avoid is to plan for it in advance. Understand that it's inevitable and then if you plan for it, you can avoid it. Plan those trips and family getaways and you'll never suffer the effects for too long. Most important keep finding new challenges and you'll never get too burned out. 

The Regulatory Explosion has gone into hyperdrive. If the US Regulatory System was a country it would be the 10th largest economy. Regulatory democracy has changed the relationship between the people and the government. Regulations have the effect of law but are not passed by legislative bodies and there's no accountability. Obamacare is typical of the regulatory state where we only find out what's in until after it's been passed. What's the solution? Perhaps it's as Charles Murray suggests, we need the people to rise up get very wealthy underwrite civil disobedience. 

Mark O'Byne executive director sees the warning by Ian Spreadbury ( A Fidelity Bond Fundd manager who oversees £4 billion of clients’ money ) as a tuning point.

Spreadbury told Telegraph Money “Systemic risk is in the system and as an investor you have to be aware of that.”

He believes that the record debt that has been ballooning since the crisis of ’08 due to interest rates being forced down to near zero by central banks. This debt, particularly where mortgages are concerned, would likely become unsustainable if, and when, rates rise to realistic levels.

“We have rock-bottom rates and QE is still going on – this is all experimental policy and means we are in uncharted territory.” 

For now though around the globe complacency rules!

Donald Trump is really running for President, Rachel Dolezal-a white woman running the Spokane chapter of the NAACP, you know that things are completely out of control. The insanity has set in and there's no turning back now. Joe Messinia of TheRealSide.com joined for a look at the absurdity. And we're all losing perspective as Western Civilization continues its disintegration. 

Marin Katusa now has his own website KatusaResearch.com where he shares his thoughts and research about the resource sector. Marin has been extremely successful investor. We discussed where we are in the cycle and what an investor needs to do to pick the winners in this depressed sector. The last time Marin and I spoke, he called the coming downturn. He thinks it's going to continue for a while but there's hope. As long as able managers such as Keith Neumeyer stick around, there's potential for large gains ahead. 

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Dogs don't sweat, they pant. Governor Romney put his dog on top of his car to cool it off. The economy must be improving if Trump is willing to make the financial disclosures required to run for president. Trump's idea of buying 2200 miles of the Great Wall of China and bring to the Southern Border is a stunning idea. And Trump is helping the economy by buying American hair pieces. 

Jason K. Roberts is still bullish on the Florida Real Estate Market. Among the major reasons is that the market is not reliant on the job market. Many of the FL home buyers are retireees and therefore not looking for employment. Therefore, the buying season doesn't revolve around the school year like other states. Jason also talks about why many people fail in real estate investing. The reasons may surprise you. 

Where's It Going Wednesday With Andrew Hoffman:

1.  Greece imminent default/grexit, and ramifications

2.  Fed meeting irrelevance, as markets (commodities, currencies, bonds) starting to swamp their manipulations (even European stocks)

                -only "last to go" markets like Dow and gold/silver still left to lose

3.  Collapsing mining industry, per article yesterday

4.  Unprecedented stock bubbles the world round, with worst economy of our lifetimes

5.  CRB index on verge of breaking 2008 spike bottom lows!

Look out Below!

No one can say it’s a boring primary season for the 2016 presidential election.  With Jeb entering the race this week, and Trump probably entering with a $9 Billion net worth, will we see one of the most exciting and unusual nominating processes in history?  Will it be the most expensive too?  

Michelle Seiler-Tucker believes that Donald Trump possesses many of the qualities necessary to help bring the country back from the serious decline that it's been experiencing for the past decade. His skills as a leader and master negotiator are sorely needed. But is he for real? We won't know the answer to that question until the election season unwinds a bit further, but one thing for certain, it's going to be much more interesting.