Danielle's recent article shows an alarming chart by John Hussman. It could be entitled Anatomy of a Bubble. No one knows they're in a bubble until after the bubble pops. Why is that? Perhaps because it's so difficult to keep one's perspective when the double digit gains are piling up. In any event, the chart is quite alarming and you should be alarmed too. 

Next, we discussed Elizabeth Warren's ceaseless efforts to impose accountability upon the financial system. Unfortunately, it's a lonely battle. And finally, Payday Loans, a business that shouldn't be allowed to exist. You'll be amazed who financed these entities. 

School nutrition experts in Nebraska are struggling to comply with new federal snack regulations championed by First Lady Michelle Obama.

“I think we’ve gone too far, too fast,” Diane Zipay, director of nutritional services for the Westside School District told KIETV.com. “And I don’t think it’s a real-world environment. We might have changed the school but we haven’t changed the child or our world.”

The federal snack rules take effect this year for school districts across the country that participate in the federal free and reduced lunch program. They restrict snack foods sold at schools to those with at least 50 percent whole grain, with low sugar, fat and sodium content. Each snack must also come in under 200 calories, according to the news site.

Dave Bego has chronicled his epic battle against forced unionization of his workforce. There's talk now of making it into a movie. The real issue is one of freedom; the worker's choice of whether to join a union in the first place. They tried every trick in the book to force Dave to relent to the union, yet he refused and he won.

John recently wrote, The folks at Gresham’s Law just published a nifty interactive chart of real (i.e., inflation-adjusted) interest rates since the 1960s that explains a lot about today’s world.

To make sense of this, let’s start with a a little background: Interest rates are the rental cost of money, but to figure out the true cost you have to adjust the nominal (or numerical) interest rate for inflation, which is the rate at which the currency being borrowed is falling in value.

If the nominal interest rate is higher than inflation, then the real interest rate is positive. If the real rate is both positive and high, that’s a signal that money is expensive and that one is better off being a lender (to reap those high returns) than a borrower (who has to pay the high true cost of money). The opposite is true for negative real rates, where the nominal cost of money is lower than the rate at which the currency is being depreciated. In this case a borrower actually gets paid to borrow because the true cost of the loan falls as the currency loses value. So negative real rates tell market participants to borrow as much as possible.

Global economic collapse            

                -European recession - record debt, near record unemployment, historic plunge in German investor sentiment;

                -France in outright collapse, Italy triple-dip recession, Spanish banks as insolvent as Portugal;

                -UK could be thrown into chaos if 9/18 Scottish independence referendum a yes - and now polling that way;

                -Japan massive economic data negative revisions this weekend

                -China housing bubble burst accelerates, which is why the PBOCs PSL, or pledged supplementary lending, QE program commenced last month, following the Yuan devaluation earlier this year

                -essentially all nations in or near contraction

                                -article references last week:  "West to East, Economic Collapse"; "European Economic Collapse, in Simple Math"

ECB        - rate cuts (extended NIRP)

                - $1 trillion QE announced, starting October

                - article references:  "Thursday's ECB meeting could destroy Europe, if Ukraine doesn't first

NFP jobs             

                - 142,000 vs. expected 230,000

                - 102, 000 birth/death jobs

                - 0 manufacturing jobs

                - 35 year low labor participation rate

                - a third of all jobs now "temp"

                - completely refutes "island of lies" U.S. economic data like diffusion indices and weekly jobless claims

                - Stockman article "why bubblevision misses epic failure in labor market"

                -just two months ago, Yellen complained of "significant underutilization of labor resources"; and two weeks ago, dedicated here Jackson Hole speech to addressing such fears

                -article references:  "significant underutilization of labor resources"; "jackson black hole"; "what jy and md really said"

"Rising dollar"

                -new meme of U.S. QE ending and Japan/Europe accelerating, thus creating a "strong dollar" and weaker PM demand

                 -ridiculous in so many aspects, lots to speak of

                 -only against items of real value is "the dollar" to be measured, not other fiat trash

                 -900 million people in Japan/Europe, compared to 300 million in U.S. - sounds like net more PM buying to me

Manipulation Monday

                -bombshell that CME boasting "governments" and "central banks" as customers, and offering volume discounts to them for overnight PM futures "trading"

When it comes to taxes and the IRS, there's nobody out there like Sandy Botkin. Attorney, author and CPA, Sandy knows how to save you on taxes, big time. In fact he's made a career of it. So listen to the interview, there's at least three important tax saving tips and a number of ways to avoid an audit. 

George Matheis, Jr., is an a leading self-defense expert. He's taught thousand how to stay out of trouble and how to get out of trouble once there. He's trained SWAT officer too. Now he tells you what to do when you wind up in a Ferguson type situation. Valuable information in this day and age. Because you never know when it's going to happen to you!

One area where you can save a bundle is auto maintenance. Today's cars are as complicated as the passenger jets of yesterday. But Pam is 4th gen auto expert and she knows every trick in the book for keeping your car running right for hundreds of thousands of miles. When that check engine light goes on, ignorance can cost you thousands, but if you listen to Pam, it doesn't have to. She's written books and shows you how it's done.  

Jeff Berwick thought he had fournd paradise. He was going to co-develop Galt's Gulch Chile. Instead he's lost hundreds of thousands and damaged his reputation. He says he was duped along with numerous other investors. There's a lesson in it for Jeff and for you too. Beware of the sociopath, they're lying in wait for you and for me!

How does an ordinary guy like Craig Bergman go on to make a movie that's going to be released in 700 theaters across the nation on October 14? It's an interesting story. Unfair the Movie details the corruption and perversion that's taken place at the nation's tax collector, the IRS. It's about abuse of power and abuse of citizens. But Bergman's work doesn't stop there. After the movie airs, there's going to be a panel discussion that deals with solutions, abolishing the dreading agency and instituting a national sales tax in its place. We love solutions at FSN

Frank Vernuccio is editor-in-chief of New York Analysis of Policy & Government121. He believes that the Obama administration is clueless when it comes to the proper functioning of government and its use of power, both within the US and outside. When it comes to the IRS, the Justice Department, Bengazi and a host of other situations and scandals, Vernuccio says the administration acts not from legal and constitutional prinicipals, but rather from its own set of prinicipals, which don't appear to be written down anywhere and are completely unpredictable and unknowable. 

Michelle Seiler-Tucker is sick of society's prevalent attitude that somehow two wrong's make a right. In Ferguson, MO, the rioters somehow mistakenly believed that if Michael Brown was wrongfully killed (which of course is still an open question) they could take matters into their own hands and riot and loot innocent businesses in their quest for justice. Michelle feels that it's time for people to start taking responsiblity for their actions and allow the system to work.

David Gurwitz of Charles Nenner Research joined us for a look at the leading markets. Obviously the precious metals have taken a hit recently. However, David sees a tradable low coming in a few short weeks. Crude oil also is trending lower but will be going up as well. Look for the Aussie Dollar to resume its climb too. We touched on a number of other markets as well. Apple seems poised to continue hitting new all time highs, which David/Charles called over a year ago. Always interesting and make sure you pay attention to the war and weather cycles.They're affecting us all the time. 

Danielle Barbieri is an entrepeneur who has created a unique site for couponers. It's well organized and helps you find coupons for commonly purchased items. She's rapidly expanding the site and in the New Economy, it's just what you make-it's what you keep. Danielle saves thousands every year and wants you to do the same. The site is picr.com. Check it out. 

Kip Marlow, like your host, is a serial entrepreneur. He also helps others, especially young people, to follow their dreams and their passions and start new businesses. It's not always easy, but it certainly beats the rat race. Kip's got a radio show and he is very dedicated to his mission. Sounds like a great formula for success. 

If it all hits the fan, there's a list of must have medical items that Dr. James Hubbard, TheSurvivalDoctor.com, has put together. It probably wouldn't cost more than $150 to assemble and yet it could save many lives. From natural disasters to man made disasters, the items he lists have many uses and could make all the difference in those early hours when the system is unable to respond. Duct could be a life saver. Find out why and get the list today!

John writes in the Money Bubble, "In a very real sense, it is fractional reserve banking and not money itself that is the root of so many of today’s evils. Whenever fractional reserves are permitted, the banking system – including the one that exists today throughout the world – comes to resemble a classic Ponzi scheme which can only function as long as most people don’t try to get at their money."

A Better System
"Now, is this critique of the current monetary system just impotent ideological whining over something that, like the weather, can’t be changed? Or could fractional reserve banking and the resulting need for economic central planning actually be replaced by something better? Specifically, how could a banking system without fractional reserve lending accommodate depositors’ demand that their money be there when they want it andborrowers’ desire for 30-year mortgages which would tie up those deposits for decades? And could this market operate without the need for government oversight and management?"

Manipulation Monday(Tuesday) with Andrew Hoffman

• Operation Annihilation PM Part II;
• ECB on Thursday Trillion Dollar QE;
• Collapsing manufacturing data around the world;
• Spain issuing new debt at low rates;
• Currencies falling around the world thanks to Draghi;
• Yen broke 105 yen to the buck;
• Abenomics will be doubled up when it ends in April;Diffusion indexes keep going up right before the election;
• Labor Day attack;
• Ukraine is getting close to a real war with Russia;
• ISIS our next 911. 

That old Dow Jones keeps on rolling along. Uranium finally starts making its move. Palladium keeps going up. Gold is flat, silver is down, the Dollar is king. Oil takes a hit, but Henry recovers. This and more as the Mercenary Geologist prepares to go on a major road trip. We put the market into perspective. Oh and let's not forget, the 10 year rate is way down and so is Bitcoin. 

When it comes to the Libertarian Movement, Lew Rockwell has been there from the beginning and has seen it all. He was Ludwig von Mises' editor; a colleague and friend of Hayek, Rothbard: and worked on the Barry Goldwater and Ron Paul campaigns. He helped found the Mises Institute and describes himself as an anarcho-libertarian. He believes that in spite of the doom and gloom that we're feeling today, there's much to be optimistic about. Libertarianism is resonating with the young like never before. China and Vietnam are reaping the benefits of economic freedom in ways that most thought impossible just a few decades back. And the web of lies, which the current paradigm is built upon, are starting to crumble. Lew believes that the truth will always win out in the end. 

Ayn Rand's Steve Simpson was on discussing the fake dispute over corporate inversions and whether they're unpatriotic. Recently the President struck out at companies who merge with overseas businesses and move their headquarters to lower their tax burden. For some reason they've have been branded unAmerican. Steve sees it otherwise. Most people believe that we all have a duty to legally lower our taxes and this applies to corporations as well, regardless what Warren Buffet has to say about it. We also discussed the IRS email scandal and how the missing emails have magically shown up again. Amazing what can happen when the courts reassert their authority. 

Gold has been going up the past few days, why? This is usually the time where the elites like to slam it down, right before a major holiday when the trading is extremely light. Makes one wonder, has the trend finally changed? We talk about Martin Armstrong and his piece on Civil Unrest and Ferguson. Also, the gun industry is headed down, has everyone who wants a gun finally gotten one? And what about ballistic precious metals, time to buy? We'll know soon.

Why is there a Federal Consumer Financial Protection Bureau? A truly useless entity that has no reason for existing. Its has overlapping jurisdiction, it issues rules that makes it hard for people to get mortgages and it's just one of thousands of government agencies that has no reason for being. 

Bruce Anderson is a computer security professional who says you need to be worried about all your ex's. Ex-wives, ex-partners and ex-friends, who may go after your computers, tablets and phones, emptying your bank accounts and taking everything you treasure in the process. Bruce says that very few people take the steps necessary to secure their personal data. He has dozens of stories about people he's helped get their lives back. And the problem keeps getting worse as shown by today's data breach at a major bank. 

Personal finance expert, author and advisor Heather Wagenhals says that the way our brains are wired makes us all susceptible to scams like the IRS refund fraud. You get that unexpected call from the Government and they really do want to help you; all you have to do is give them your bank account and routing number and they'll send money. The next thing you know, your account has been cleaned out. Heather gives common sense tips for avoiding this scam and so many others. Trust but verify; rather than assume that everyone is out to take you, simply demand verification when anyone requests information that could cost you if it fell into the wrong hands. That way you'll stay safe and you won't have to become cynical. 

Jack Duffy is currently a trial attorney from Ft. Worth, Texas. We had a great talk about the JFK Assassination, an interest we both shared, as Jack was in second grade and I was in first grade on that fateful day. 

He has spent the last 40 years researching the important facts surrounding the JFK assassination. This includes interviewing several key witnesses that were part of the assassination investigation. This also includes doctors who treated Kennedy at Parkland Hospital.He became interested in the JFK assassination in the early 1970′s after seeing a copy of the Zapruder film at a friend’s house.

His parents attended the breakfast on November 22, 1963 in Ft. Worth where President Kennedy gave his last speech.

Mr. Duffy was in the second grade at Bruce Shulkey elementary school in Ft. Worth when he heard that President Kennedy had been shot.

Over the last 40 years he has researched the JFK assassination and interviewed many key witnesses including several Parkland surgeons who treated JFK.

He has collected and read almost every book on the JFK murder and has one of the largest private collections on the assassination

In 1998 he decided to write a book about time travel and the JFK assassination conspiracy.

His book was 90% complete when he heard about Stephen King’s time travel book “11-22-63.”

Mr. Duffy’s book, ”The Man From 2063″ is about a lawyer who travels through time back to 1963 and prevents a well organized conspiracy from killing JFK.

The book draws on Mr. Duffy’s deep knowledge and personal research and is therefore based on actual events and people surrounding the assassination.