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

Jerry Robinson, well known economist and author, joined us today. The US has started bombing ISIS in Iraq and Jerry thinks it's going to turn out badly. Make no mistrak these are some very barbaric evil people, even worse than Saddam Hussein. Wait, didn't the US remove Saddam. Anyway, Jerry's proprietary trading system just spit out another buy signal on Gold. This on the heals of his last one that saw gold go from 1265 to nearly 1345. We say, go for the Gold!

It seems no matter how the manipulators try they just can't keep gold under $1300 an ounce. Or maybe they aren't trying very hard. They've got silver just under $20, but how long can they keep it there? And Jerry Robinson's put out a buy on Gold. So What's Next? And now they're banning bake sales and soon cupcakes and brownies from schools across America. When will the indignities cease? Oh the humanity! All in the name of healthy meals for our undeserving children. And there's lots more. So listen on. 

Dave Kranzler and I examine the weeks greatest frauds brought to you by the greatest Fraud Factory ever known to man, the US Government. First there's the housing boom, which is quickly turning into a major bust. But don't worry, there's a story circulating that the FHFA is planning a new mortage program called the Mirror Mortgage. If you can fog a mirror, the house is yours. Next, car sales, that wonderful economic indicator that shows an oh so healthy economy, that will eventually cost banks, meaning the taxpayer, hundreds of billions. Stay tunded for more. There's so much fraud going on today that it's getting harder to find the real economy. 

Barry Stuppler, long time veteran of the rare coin and precious metals industry spoke to us live from the Rosemont Coin Show near Chicago. The mint just introduced the Kennedy gold coin. It's 3/4 of an ounce. It's selling at quite a premium, $1240. But the real news is that people are lined up around the block to purchase it. It's selling for several times that amount on eBay. Barry says the mania will soon die out and all that will remain is the memory of having overpaid. 

Woody O'Brien, gentleman farmer and financial newsletter writer has a unique proposal to restore America. He says that when someone is raising 2 pigs, and you live nearby, you probably won't smell them. However, if they're raising 2,000 pigs, you probably won't stop smelling them. The financial sector is exactly the same. Therefore, the answer is simple, allow no more than 25 employees in any financial concern. This will wipe out the corruption and help restore the political system. 

Wayne Allyn Root joined us today. His new book The Murder of the Middle Class is number 5 on Amazon. Surveying the wreckage of the country and the world is not for the faint of heart. Chaos appears to be the new normal. Hopefully this phase will pass and we can all get back to rebuilding the country and concentrating on what made the country great in the first place. 

Mickey Fulp was on doing his monthly major market review. Volatility was the byword for July. While most of the major stock markets made new highs for the month, they backed off by month's end. Natural gas took a major hit. The Dollar was up, so the Euro was down. Oil too started sinking, as did Gold and Silver. Uranium looks like it might have ended its disastorous period. Interestlingly enough, Bitcoin was the model of stability. 

Darryl Schoon saw the the real estate bust coming in 2007 and even wrote a well regarded paper about it. Now he sees the same thing coming for the US Government Bond Market, with results that could be catastrophic. He says that buying precious metals is like buying a single premium life insurance on the world economic system. You'll almost certainly be able to cash in on it. The world has become an out-patient drop in center that has run out of meds. Better not wait too long. 

Rick Ackerman believes that the stock market is topping out now. Where will all that money go? Into the bond market of course. That will cause already low rates to tumble even further. But there's no other place for it to go. We're headed for more deflation and nothing can stop it now. 

Following the logic, if a drug dealer is just an unlicensed pharmacist, than an illegal alien is simply an undocumented worker. No one is responsible for anything that they do anymore and the buck stops nowhere. And why should it, since the government never takes any responsibility for anything either. Whether it's Obamacare blowing up, or a flood of illegal aliens crossing the border, it's nobody's fault. 

When John Rubino and James Turk recently wrote The Money Bubble, a follow-up to their bestselling The Collapse of the Dollar and How To Profit From It, they were unprepared for how quickly it was all going to happen. Now we have an auto credit bubble starting to unravel. There's also the student loan bubble and the junk bond bubble. What's next, the teenager allowance bubble? There's so many bubbles that have been blown and now they're starting to pop, what's a central planner/banker to do? We're sure it will all work out in the long run. 

Chris Vermeulen--TheGoldandOldGuy.com is an expert at detecting market short and medium term trends. He believes that all signs are pointing to an intermediate stock market correction and he thinks it's an excellent time to make money. But you've got to be on the ball. Precious metals could be heading lower. Same with oil and commodities. But Chris is unconcerned. As long as the market is moving and he's picked up on the trend, he's happy. 

Manipulation Mondays with Andrew Hoffman

• Unmitigated disaster in US;
• Inability to attack precious metals;
• Horrible ADP report—just 3k manufacturing jobs;
• GDP report totally fabricated;
• FOMC couldn’t be more dovish;
• Amazon’s horrible earnings;
• ISM seasonally adjusted to positive;
• Case-Schiller looking at big housing drop;
• Microsoft layoffs;
• Employment costs index up .7%;
• Chicago PMI falling like a stone;
• Construction spending down;
• NFP report usual fix-who’s starting businesses;
• Portugerse Bailout and bailin;
• Japan -6.5 GDP 2nd Quarter; 
• China covert QE has started.

Steve Lord started The Modern Money Letter to provide education, information and insight into opportunities in the alternative currency market. Primarily focusing on Bitcoin, the free website and email newsletter gives sharp and timely commentary and analysis to help individual and institutional investors navigate the macroeconomic environment of alternative currencies. Their aim is to save people time and money, and to simplify the process of discovering and evaluating alternative currency opportunities. And who knows, the way things are going now, Bitcoin just may become the world's next reserve currency.

In their haste to beat down gold in the wake of the Fed meeting, looks like it wasn't quite enough to keep it down. While Da Boyz always like to slam gold on the last day of the month whenever possible, it seems to be snapping back right away. 

Keep your eyes focused on the political scene. The same pattern that brought you Comrade DeBlasio is likely to bring you Comrade Warren as the Democratic nominee. 

Much more here than we have space for. So keep listening.

Monty says finally, statistics regarding the changes in net worth have made the mainstream media. These statistics, as reported in the NY Times, are horrific, as are the implications for the future of the country.

Net worth may be the best single measure of a country’s well-being. Median net worth is a reasonable marker for the standard of living. Medians (or averages) are not good measures to capture what is happening at the lowest or highest ends. (More about that below.)

In the simplest terms, net worth is the value of a person’s assets minus his liabilities. If this measure is growing, a person is becoming better off. If it is shrinking then that person is becoming worse off, at least in terms of wealth.

ROBERT MAZUR spent five years undercover infiltrating the criminal hierarchy of Colombia’s drug cartels. The dirty bankers and businessmen he befriended—some of whom still shape power across the globe—knew him as Bob Musella, a wealthy, mob-connected big shot living the good life. Together they partied in $1,000-per-night hotel suites, drank bottles of the world’s finest champagne, drove Rolls-Royce convertibles, and flew in private jets. But under Mazur’s Armani suits and in his Renwick briefcase, recorders whirred quietly, capturing the damning evidence of their crimes. Then, at a staged wedding, he led a dramatic takedown that shook the underworld. In the end, more than eighty men and women were charged worldwide. Operation C-Chase became one of the most successful undercover operations in the history of U.S. law enforcement, and evidence gathered during the bust proved critical to the conviction of General Manuel Noriega.

TheStreet.com's Dan Freed joins us for a discussion of the mortgage crisis and just where that $65 billion in settlement proceeds that the big banks are paying over to the Feds and the States is going. In some states like New York it may actually help homeowners in need, but in others like California, it's just going to plug the deficit. Have we learned anything from the mortgage meltdown? That remains to be seen. 

Ivan Eland thinks that the American foreign policy elite should learn something from the recent humiliating evacuation of the U.S. embassy in Tripoli, Libya -- amid the chaos of tribal civil war in that country -- but probably won't. Since World War II, this bipartisan elite has thumbed its nose at the traditional U.S. foreign policy of strategic independence and military restraint overseas, which was initiated by the nation's founders and lasted through the most of the republic's history. Then the second great world conflagration demonstrated to the elite that new interdependence among nations somehow made that policy obsolete. Really?

Bix Weir and Chris Duane sit down for a round table. They talk about how they got into the sound money camp, how the system has managed to keep functioning the past six years and where they see it heading in the future. The Silver Fix ends on August 14, 2014, after 117 years. What's next? They give their candid views on silver, the fix, the bankster and much more. 

Joel Skousen is a political scientist specializing in the philosophy of law and Constitutional theory. He’s a designer of high of security residences and retreats that have been built throughout North America. His latest book is Strategic Relocation--North American Guide to Safe Places. He explains that hyper-inflation is not likely and that war with Russia and China is the likely goal of the globalists. This will enable them to institute a world government and currency. 

Dr. Elaina George was on today speaking about the potential for numerous health threats that can arise from the uncontrolled immigration that is now taking place. There's virtually no health screening being done on the recent immigrants. The possible diseases they can be carrying runs the gamet from drug resistant TB, to Swine Flu, to Ebola, to any other number of tropical diseases. Dr. George says that the American health system is completely unprepared for this threat that is being foisted upon the country. 

35 percent of the US population is being hounded by collectors. Not surprising in a country that's the largest debtor nation in history, it only figures that the population would be broke too. The next bubble is auto credit, with nearly $1 trillion in car loans outstanding. But have no fear, if you default on your loan or lease, they'll just immobilize your car or track it down by GPS and repo it. Isn't technology a wonderful thing? We also talk about a number of important current stories on FSN. 

Tekoa Da Silva recently joined up with Sprott Global Resources. Now he's looking at undervalued mining stocks and he's finding a number of good ones out there. While the broad stock market has heated up and will probably remain that way, the mining sector is still a value play. Where else can you find a company selling for less than its cash and short term investments? He believes that the next move in resource stocks is about to play out. 

We touched base with Mark Skousen to get an after action report on this year's Freedomfest. We had great fun there. If you're a libertarian then you really need to attend. The only negative, if there is one, is that there are so many sessions going on at once, that it's hard to keep track of it all. Perhaps an App would help. For us PJ O'Rourke was one of the highlights this year.