We sat down with David Enrich to discuss his new book, The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History. The book details the  actions of an oddball group of bankers, traders and brokers from some of the world’s largest financial institutions made a startling realization: Libor—the London interbank offered rate, which determines the interest rates on trillions in loans worldwide—was set daily by a small group of easily manipulated functionaries, and that they could reap huge profits by nudging it to suit their trading portfolios.

The anti-hero Tom Hayes, a troubled genius mathematician, became the lynchpin of a wild alliance that among others included a French trader nicknamed “Gollum”; the broker “Abbo,” who liked to publicly strip naked when drinking; a Kazakh chicken farmer turned something short of financial whiz kid; a broker known as “Village” (short for “Village Idiot”) and fascinated with human-animal sex; an executive called “Clumpy” because of his patchwork hair loss; and a broker uncreatively nicknamed “Big Nose.” Eventually known as the “Spider Network,” Hayes’s circle generated untold riches —until it all unraveled in spectacularly vicious, backstabbing fashion.

The Spider Network really makes one question the entire system. The underlings get fried while senior management skates and goes on to bigger and better things. But that's just the way things work according to David Enrich. 

 

Direct download: David_Enrich_05.Apr.17.mp3
Category:general -- posted at: 1:51pm EDT

Dr. Ted Noel is a retired physician and a real scientist. Throughout the presidential campaign he was one of the few people to give accurate, fact based assessments of candidate Hillary Clinton's numerous health issues. His conclusion that she was suffering from advanced Parkinson Disease was widely disseminated on the web and apparently closely monitored by the Clinton Campaign. 

When Mike Cernovich was interviewed on 60 Minutes, Scott Pelley accused him of reporting fake news for headlining Dr. Noel's findings. Cernovich quickly turned the tables forcing Pelley to admit that his source of Clinton's Health information was none other than the campaign.

Dr. Noel was mentioned in the full interview, but his name was lost on the cutting room floor. Now he responds and explains why the media is no longer fact based and untrustworthy. He also gives us an excellent account of how you can become an independent thinker. 

Direct download: Dr._Ted_Noel_05.Apr.17.mp3
Category:general -- posted at: 1:43pm EDT

Ms. Smith is a former government official with great insight into the current debate. Expelling bad ‘hombres,’ building border walls and slashing trade deals, President Trump continues to assert a more nationalist and protectionist “America-First” posture. The President has promised to add millions of jobs to the US economy and to raise the gross domestic product by more than 4 percent annually largely through renegotiating existing trade agreements like NAFTA. At the same time, the President has vowed to deport up to 3 million undocumented immigrants and to curtail future entries.

Immigration reform remains a cornerstone of Trump’s efforts to reboot America’s standing. After Trump’s proposed travel ban was blocked again by the courts, what are the dynamics on the other side of the President’s immigration overhaul, which targets migrants from Latin America? What about… 

*Beyond the rhetoric, what are the possible economic impacts of a policy of mass deportation?

*How will the “America-First” agenda reshape U.S. relations in Latin America? And, why will it matter?

*What are the politics, logistics and legality of Trump’s new deportation plans?

*Taken together with the travel ban, what are the national security implications of Trump’s immigration agenda?

Direct download: Tanisha_Tingle-Smith_05.Apr.17.mp3
Category:general -- posted at: 1:30pm EDT

What's Happening Wednesdays with Andrew Hoffman:

Today's "disturbing trends" article, to be published shortly;

-retail, energy, automobiles, European banks;

PMs retake their 200 week moving averages;

The Fed's never ending punch bowl;

Major upcoming "PiMBEEB" (precious metal bullish, everything else bearish) events;

Etc.

Direct download: Andy_Hoffman_05.Apr.17.mp3
Category:general -- posted at: 9:48am EDT

The world is a very uncertain, unstable place. The US economy is under great pressure. The potential for civil unrest and governmental abuse and confiscation of property is ever present. That's why Mark Nestmann believes in having a Plan B. Hopefully, it's something you'll never need, but just like a gun, better to have one and not need it than to need one and not have it. Mark is giving out a free report. Click here to receive it.

Direct download: Mark_Nestman_04.Apr.17.mp3
Category:general -- posted at: 2:39pm EDT

Art Berman is a geologist who's been in the oil industry for decades. His recent article debunked the rising productivity myth of shale oil. Art's explanation is quite simple. While there have been productivity improvements, most of the savings have occurred as a result of the oil services industry depression. They have cut their prices to the bone in order to survive. This situation is unsustainable and cannot last. Companies will go out of business and consolidate. 

Then we discussed the transition to renewables and electric vehicles. While it sounds great, we're looking at a multi-decade transition at the least, barring some project or major leap forward. Everyone wants to see a transition, but there are transition costs that need to be understood. 

Direct download: Art_Berman_04.Apr.2017.mp3
Category:general -- posted at: 1:09pm EDT

With March Madness behind us, it’s now April Madness as the April 18th tax filing deadline is nearly upon us. Mark Steber Chief Tax Officer of Jackson Hewitt joins us to explain what you can do to speed up the tax refund process. 

Procrastinators may be celebrating the three extra days they get to file their taxes this year, but there are more of them this year, as the IRS reports nearly 6 million fewer returns have been filed to date this year versus last. Some of this is due to the IRS's efforts to reduce the incidence of Refund Fraud and Earned Income Tax Fraud as well. 

Get your record system ready now for next year. Use your smartphone to document all your expenses and outlays, mileage, etc. Then at the end of the year the process will much easier and you'll be rewarded with a larger refund. 

Mark also provides you with last minute filing tips to discuss the most common mistakes filers make; what deductions independent contractors and gig economy workers can take advantage of; and more.

Direct download: Mark_Steber_04.Apr.17.mp3
Category:general -- posted at: 11:30am EDT

The 1Q 2017 is over! Share markets continued to wrack up quiet gains, even though March was generally uneventful and flat. The USD put in a 2% decline for the quarter, with the Euro showing a 1.4% increase. Rates are holding steady with the yield curve starting to flatten. Bitcoin closed out the quarter at 1082 for a 13.2% increase. While metals prices ran out of steam in March they were up smartly for the quarter, Gold 8.5%, Silver 14.5% with Palladium the big winner at 17.4%. Copper was up 5%. WTI and Brent were down nearly 6% for the quarter. U308 snapped back with a 17.5% gain. Finally, Platinum's ratio is showing a potential buy signal at just .76 against gold. 

Direct download: Mickey_Fulp_03.Apr.17.mp3
Category:general -- posted at: 2:19pm EDT

Debt is still growing way faster than GDP. Therefore, we're just digging a bigger hole. For most of the past 6 months it looked like we had a real recovery going. But that was an illusion. The Atlanta Fed has lowered it's 1Q Growth Projection to less than 1 percent. That's a recessionary number that won't help the economy create new jobs or to create new industries or service new debt. The debt to gdp ratio continues to increase. Unless we radically increase worldwide growth rates, we're stuck on a treadmill and a crisis will eventually occur. 

Direct download: John_Rubino_03.Apr.17.mp3
Category:general -- posted at: 12:27pm EDT

Since we started talking with Martin Armstrong years ago, he's been adamant in his belief that the stock market was heading higher. And he's been right. Perhaps it hasn't gone up as fast as he expected, but it has continued to make new highs. He's not backing down now. Businesses and the wealthy are putting their money into the market because they've lost confidence in governments around the globe. They believe their capital is safer in the stock market than in government bonds, the Euro, European Banks and elsewhere. 

Governments are on a rampage against the populace. It's all about survival. In their current configuration, they cannot survive. They're in an unsustainable death spiral. But rather than admit that and restructure, they have gone the route of confiscation and authoritarianism. In the long run it won't work, but for now they've got nothing to lose. 

Direct download: Martin_Armstong_29.Mar.17.mp3
Category:general -- posted at: 8:53pm EDT

Credit cycles are shifting and yields are going up. The so-called recovery has just about run its course. Credit is going to become harder to get, so get it while you can. This means that defaults are going to start becoming a more regular phenomena at all levels of society, private, corporate and governmental. The dollar will continue to do well as will precious metals and the mining sector. Not exactly what Wall Street is espousing. 

Direct download: Bob_Hoye_29.Mar.17.mp3
Category:general -- posted at: 1:20pm EDT

Trump's been in office a little more than two months. He's done a number of things right, such as his cabinet appointments, executive orders and regulatory roll-backs. However, his White House Staff is strictly minor league. They don't know how to get things done and it shows. Will he rebound from his early errors? The jury is still out, but perhaps now is the time for a little humility and a staff reorganization.  

Direct download: John_LeBoutillier_29.Mar.17.mp3
Category:general -- posted at: 1:18pm EDT

Unlike Obama, Trump is promising true transformation. Obama promised more and faster socialism, Trump is looking for a complete redefinition of the relationship between the government and society. Johnny Rotten seems to agree. He believes that the media isn't giving Trump a fair chance. 

Be sure to check out the rescheduled Vista Gold conference call on Thursday, March 30, 2017 at 9pm eastern time. Vista is unique a junior miner with no debt, $23.9 million in cash and a world class project in The Northern Territory in Australia. It's listed on the Big Board NYSE MKT VGZ

Click here to register now(CLICK THE BLUE REGISTER LINK) It promises to be an exciting call!

Direct download: TRL_415_29.Mar.17.mp3
Category:general -- posted at: 11:51am EDT

Does the old Wall Street maxim Three Steps and a Stumble still apply? Danielle believes that the more things change the more they stay the same. The stock market has so far overshot all traditional measures of value that a bear market has become virtually inevitable. It all comes down to when. Danielle has been in the business a long time and has seen manic cycles come and go and they all wind up the same way. There's no reason why this one should end differently. This time will not be different. 

Direct download: Danielle_Park_28.Mar.17.mp3
Category:general -- posted at: 3:30pm EDT

Alasdair MacLeod of Goldmoney.com sat down with us today. There's so many problems besetting the world, it's hard to know where to start. Mass surveillance has us thinking that Orwell's 1984 was actually a Utopian Tome. Gold and silver look set to strengthen for the rest of the year as the dollar is set to weaken. The Trumphoric rise could well be coming to an end. Hard to tell right now. Where do we go from here? Until monetary systems are reformed, it's very likely to be more of the same. 

Direct download: Alasdair_MacLeod_28.Mar.17.mp3
Category:general -- posted at: 3:02pm EDT

Wall Street first and foremost sells dreams. The Trump dream has begun to fade. John believes that the jubilation that greeted Trump's election by the business community is starting to be confronted by reality. His agenda was fully priced into the market. Now with the defeat of the Obamacare Repeal the market is doing a double take. What will happen with tax reform and infrastructure? His entire agenda is now in question. 

Direct download: John_Manfreda_27.Mar.17.mp3
Category:general -- posted at: 1:17pm EDT

It took long enough to happen but Millennials are finally entering the home buying market. And on this first day of Spring that is welcomed news.

"Today begins the hottest home buying period of the year and we may have finally turned the corner when it comes to the next big wave of home buyers," says VP of Residential Home Funding in Pasipanny, NJ Ralph DiBugnara.

Direct download: Ralph_DiBugnara_28.Mar.17.mp3
Category:general -- posted at: 11:12am EDT

The death of the middle class is really happening now, literally. White middle aged males are dying at an alarmingly high rate. Totally messing with the mortality tables. As Hemingway said when asked how he went bankrupt in The Sun Also Rises, "Two ways, gradually and then suddenly." It's one thing to never have anything, but it's another altogether to have and then to lose it all. That's what the middle class has been experiencing and why they elected Donald Trump. But the market and perhaps the middle class is in for a rude awakening. Perhaps no one can solve these insoluble problems, not even The Donald!

Direct download: John_Rubino_27.Mar.17.mp3
Category:general -- posted at: 2:38pm EDT

Craig Cody is a Certified Tax Coach, Certified Public Accountant, Business Owner and Former New York City Police Officer with 17 years experience on the Force. In addition to being a Certified Public Accountant for the past 15 years, he is also a Certified Tax Coach. As a Certified Tax Coach, Craig belongs to a select group of tax practitioners throughout the coun- try who undergo extensive training and continued education on various tax planning techniques and strategies to become, as well as remain, certified. With this organization, Craig has co-authored an Amazon best seller book, Secrets of a Tax-Free Life.

 http://www.craigcodyandcompany.com/FSN/ 

Direct download: Craig_Cody_27.Mar.17.mp3
Category:general -- posted at: 1:51pm EDT

The Market has been doing nothing but going up for the past 9 years. Will it keep going up? Rick says let's wait and see. Gold has been in the doldrums for the past 5 years, time to go up, let's wait and see. Oil too has been in the doldrums, let's wait and see. Same for the dollar and treasuries, we're in a period right now where things can go either way. Interesting times!

Direct download: Rick_Ackerman_22.Mar.17.mp3
Category:general -- posted at: 2:41pm EDT

When Jordan Goodman last came on the show he was very optimistic over the Trump Bump. Things were looking up. The economy seemed to be coming out of its shell. What a difference a month makes. Now Jordan's concerned that the Trump agenda is flagging and that perhaps the tax cuts, infrastructure bill and health care reform won't go through. But as Yogi Berra used to say, "It ain't over till it's over," and the fat lady has yet to sing. The market has been doing nothing but going up for the past 9 years so perhaps it's taking a minor breather. Let's see what happens next. 

Direct download: Jordan_Goodman_22.Mar.17.mp3
Category:general -- posted at: 1:58pm EDT

What's Happening Wednesdays with Andrew Hoffman:

Tomorrow's house vote - the official end of "Trump-flation"

The imminent victory In Precious Metals' "200 day moving average war"

Dramatically plunging economic data

Surging Marine Le Pen support

Etc.

Direct download: Andy_Hoffman_22.Mar.17.mp3
Category:general -- posted at: 10:36am EDT

With Israel headlining the news cycle and Trump vowing to back Israeli 100%, David Brog’s new book is crucial now more than ever—no history is so disputed as the history of Israel. Some see Israel's creation as a dramatic act of justice for the Jewish people. Others insist that it was a crime against Palestine's Arabs. Author and founder of Christians United for Israel David Brog untangles the facts from the myths to reveal the truth about the Arab-Israeli conflict.

In Reclaiming Israel's History you'll learn:
· How the Jewish people have maintained a continual presence in the Land of Israel for over 3,000 years—despite centuries of Roman, Byzantine, and Muslim persecution;
· How the Romans invented the word "Palestine" as a way to sever the connection between the Jewish people and their land (and how subsequent conquerors doubled down on this strategy);
· How modern Jewish immigration to Palestine did not displace Arabs but instead sparked an Arab population boom;
· The largely untold story of how the leader of Palestine's Arabs collaborated with the Nazis to murder Jews in Europe before they could reach their ancestral homeland.

Direct download: David_Brog_21.Mar.17.mp3
Category:general -- posted at: 1:53pm EDT

Bix Weir believes that President Trump is preparing for the collapse. He's simply waiting for his people to be installed. That leaves him right now trying to stave it off until that happens.  Steve Mnuchin is the main blocker. After all, Bix says he was the head of market rigging during his tenure at Goldman Sachs. Bix sees Bitcoin gaining more and more acceptance and eventually becoming the global reserve currency. China is preparing for it right now. It's all about the blockchain, which insures integrity and prevents fraud. But silver is going to be very valuable under any circumstances as will gold. 

Direct download: Bix_Weir_21.Mar.17.mp3
Category:general -- posted at: 12:39pm EDT

Once upon a time, you went to college, got a degree and found success in life. Now it's different. Tuition is through the roof and so is debt. Massive student loans, second mortgages and for what? Parent retirement goes out the window. Illinois's finances have led to greater unaffordability of its state schools. This has led to staff layoffs and no more tenure. Cheaper teachers and lower quality education. What's a central planner to do? Is it any wonder why the globe is embracing nationalist candidates and drastic solutions? 

Direct download: John_Rubino_20.Mar.17.mp3
Category:general -- posted at: 2:53pm EDT



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