While Trumphoria has taken off caution is the byword. These are dangerous times. With the new administration taking office in the next month it's hard to know what's going to happen in the markets. Right now the rally is looking very promising but don't count on it staying around. 

Direct download: Arch_Crawford_06.Dec.16.mp3
Category:general -- posted at: 3:09pm EDT
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It's that special time of year again, yes the holidays are here and that means watch out for identity thieves. It's not like they ever really go away. But because there's so many people out shopping as well as online, you tend to let down your guard and then it's all over. Heather gives common sense tips to stop you from becoming a victim. 

Direct download: Heather_Wagenhals_14.Dec.16.mp3
Category:general -- posted at: 4:27pm EDT
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David's new book Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock Wave empowers you to step onto the investment battlefield and leave it a winner. Many people will make fortunes during the coming years. On paper. But, when all is said and done, as the great speculator Jesse Livermore declared, “On paper it will remain.” David Morgan’s research shows decisively that as much as “90% of the profit potential becomes available during the last 10% of the entire bull run" - if you avoid what he calls “the amateur’s mindset.” 

 

Direct download: David_Morgan_14.Dec.16.mp3
Category:general -- posted at: 1:47pm EDT
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What's happening Wednesdays with Andrew Hoffman:

Fed meeting today - beginning of the end of "history's largest bubble, and anti-bubble<https://www.milesfranklin.com/historys-largest-bubble-and-anti-bubble/>?"

Today's article, "2017 will be defined by money printing and draconian government actions" - such as the exploding war on cash

Yesterday's article re: plunging gold supply for years to come, "the most important, and gold bullish, chart ever<https://www.milesfranklin.com/the-most-important-and-bullish-gold-chart-youll-ever-see/>"

Direct download: Andy_Hoffman_14.Dec.16.mp3
Category:general -- posted at: 1:09pm EDT
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For some low-income workers, retirement is only a dream

It was a striking image. A photo of an 89-year-old man hunched over, struggling to push his cart with frozen treats. Fidencio Sanchez works long hours every day selling the treats because he couldn't afford to retire. The photo and his story went viral and thousands of people donated more than $384,000 for his retirement.

His story is a window into a dark reality: Many low-wage workers say they can't afford to retire. With no money saved for retirement, home care worker Gwen Strowbridge, 71, of Deerfield, Florida, plans to stay on the job until she can't physically work anymore.

"I can't see it in the future. I'll stop working if my health won't allow me to keep working," said Strowbridge. Now 71, she works six days per week caring for a 100-year-old woman in Florida.

Studies have found that about one-third of low wage workers like Strawbridge say they'll never be able to afford retirement. The problem is particularly acute among minority women.

A 2016 study by The Associated Press-NORC Center for Public Affairs Research found that one-quarter of workers 50 and older say they won't retire. Among low wage workers, earning less than $50,000 a year, it was 33 percent.

Strowbridge's first job, in the 1960s, paid 98 cents an hour, setting her out on a path of low-wage jobs that stretched across five decades. She raised three sons with her husband, Roy, a dock attendant who unloaded cargo from boats. The couple was forced to use the little money they had saved for retirement on family medical issues.

Strowbridge stopped working briefly after she turned 63 to care for her husband, who had quadruple bypass heart surgery. Their Social Security benefits weren't enough to cover medical expenses, rent, utilities and food. When he died, she went back to work.

Jacquelyn B. James, co-director of Boston College's Center on Aging and Work, said it is common for low-wage workers to stay on the job, with no plans for retirement. "It is really easy for them to say 'I'm going to work forever' but things happen," said James. Among those things: health issues. A 2016 report by the nonpartisan research nonprofit National Institute on Retirement Security shows that many black, Latina and Asian women have to work past retirement age to be able to afford basic expenses. Women were 80 percent more likely than men to be impoverished.

The research showed that for men between 70 and 74, about 19 percent of their income comes from wages. For women, it's about 15 percent. "You couldn't put nothing in the bank because I was always underpaid," Strowbridge said. "I just didn't make enough to save.” Januario Salgado's financial situation mirrors Strowbridge's. He never saved for retirement. He is 64 years old and doesn't plan to retire. He works 10 hours, six days per week in a grocery store in a suburb outside Chicago. "I couldn't save," Salgado said in Spanish. "I worked a lot to help my family. I used to send money to my parents in Mexico.” While caring for elderly parents is a norm in Mexican culture, many of the children don't think it's their responsibility, said Salgado, who came to the United States 40 years ago. His sons are among them. Salgado plans to start collecting Social Security benefits when he turns 65 but he will continue to work as long as he is physically able. He doesn't want to become a burden to his children. For Esther Bolanos, 64, the situation is even more difficult. A domestic worker, she has been able to save some money for retirement but said it is not enough. She won't be able to receive Social Security benefits because she doesn't have legal status. "It's sad to think about my situation. I was forced to close my business and leave the economic stability I had in my country to come here," Bolanos said in Spanish. "I left everything behind because of the violence."

Bolanos owned a successful cheese factory in Mexico City, but success made her a target, she said. Her husband was killed and she was robbed at gunpoint twice. After the last robbery, she decided to migrate north.

"I told my daughter, I'm going to take you to a safe place" even if I have to work cleaning houses, she said. If Bolanos had stayed in Mexico City, she would be retired. But now that she's in the U.S., she doesn't think she ever will. "I don't think about retirement," she said. "I think about what would happen to me if I get sick."

Direct download: MIchael_Eastham_13.Dec.16.mp3
Category:general -- posted at: 3:59pm EDT
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Eddie Gabhour believes that Trump's current proposals are very pr0-business, but he has several caveats. 

1. The current trump administration proposal of tax reform, infrastructure spending , and easing up on some regulations is very pro-business.

2. The stock market should still thrive if these policies actually pass

3. This environment is not good for bond portfolios.

4. The component that no one knows is what type of economic growth this will bring to pay the debt.

5. Before jumping to conclusions we have to see what type of strategy they have in place to pay the debt this is going to cause.

6. If the debt strategy is kick the can down the road then it is a ticking time bomb that will eventually put us in a situation like 2008.

Direct download: Eddie_Ghabour_13.Dec.16.mp3
Category:general -- posted at: 1:00pm EDT
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Donald Trump's administration is facing a host of problems. And Dr. Laurence Kotlikoff has the answers. From healthcare to taxes to social security and you name it, the good professor has written the book. Unfortunately, as is usually the case, academics get ignored. Are his plans workable? Take a look at his website and decide for yourself. 

Direct download: Larry_Kotlikoff_12.Dec.16.mp3
Category:general -- posted at: 10:20pm EDT
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Andrew MoneyBallEconomics Zatlin sees that the economy is slowing down but doesn't see a catastrophe coming. Companies have positioned themselves for the inevitable. And history has shown that after every two term president, there's a recession. Will Donald Trump buck the system? 

Direct download: Anddrew_Zatlin_12.Dec.16.mp3
Category:general -- posted at: 3:16pm EDT
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The handwriting is on the wall. America has reached its breaking point. A global economic catastrophe is now virtually locked in ... and America will soon fall. Everyone - regardless of your age, your job, where you live, how much money you make, or how much you pay in taxes - is at risk. In fact, those with any measure of wealth, savings, or assets may be hit the hardest. The challenge now for hard-working Americans is: How do we save ourselves? To help you answer that question, you need to read outspoken economist James Dale Davidson's brand new book, The Breaking Point: Profit from the Coming Money Cataclysm.

Direct download: James_Dale_Davidson_12.Dec.16.mp3
Category:general -- posted at: 3:01pm EDT
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Italian banks are ready to take a dive and no one knows what to do about it and how to stop it. Can you spell bail-in?  The models have stopped working and the central bankers don't have a clue. It's armageddon for central bankers. They inherited a system that was functioning quite well and turned it into a dystopian nightmare. Where's John Maynard Keynes when you need him? We've taken on so much debt now, that society is so over indebted we can't get out of our own way. What's next?  

Direct download: John_Rubino_12.Dec.16.mp3
Category:general -- posted at: 11:20am EDT
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Bix joined us for another mind bending interview. It's coming, you can be certain of that. Just how much chaos is humanity capable of withstanding? We'll know the answer soon enough. Will it shift us all to a higher state of consciousness? We can only hope. Bix believes that it's probably going to happen after Trump is in inaugurated. Mnuchin, incoming Treasury Sec is just a sacrificial lamb. It's gonna get interesting real fast! Buckle you seat belts!

Direct download: Bix_Weir_07.Dec.16.mp3
Category:general -- posted at: 2:43pm EDT
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What's Happening Wednesdays with Andrew Hoffman:

Today's article, "2017, the Year of Money Printing"; 
Italian referendum ramifications;
ECB tomorrow, Fed next week;
Massive disparity in East/West physical prices, as demand surges;
Yesterday's article, "silver fundamentals versus the base metal bubble."

Direct download: Andy_Hoffman_07.Dec.16.mp3
Category:general -- posted at: 9:48am EDT
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Danielle joined us for a discussion of the world's debt ills today. BMW was just slammed in Australia for the equivalent of predatory lending. In the US the trillion dollar college debt bubble is teetering. And US subprime auto lending isn't doing to well either. No doubt there's plenty of other debt bubbles just waiting their turn, or perhaps they'll all go at once. One thing is for certain, no one is addressing the problem and today's lax lending standards are just compounding the problem. At some point the debt edifice is going to come crashing down. 

Direct download: Danielle_Park_06.Dec.16.mp3
Category:general -- posted at: 3:42pm EDT
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Mark W. Shaw has just written his 25th book, The Reporter Who Knew Too Much. It deals with the mysterious death of investigative reporter Dorothy Kilgallen. She was hot on the trail of the JFK Assassination story, having interviewed Jack Ruby (Lee Harvey Oswald's Killer) twice. Then she turned up dead in her hotel room, the victim of an alcohol and drug overdose. However, new evidence shows that she had three different types of barbiturates in her blood stream. A cover-up seems apparent. Mark believes that it's time for the truth to come out. 

Direct download: Mark_Shaw_06.Dec.16.mp3
Category:general -- posted at: 2:33pm EDT
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Mark Podolsky was trapped in a job he really hated. He was barely making ends meet and was fighting with his wife about the price of baby food. That was over a decade ago. Then he discovered land investing and everything has changed. 5000 deals later, now he's teaching others to do what he's done. It's easier than flipping houses, you don't have to worry about termites, tenants and toilets. Just find the property, buy it and sell it! It's that easy, if you know the right system. And now he's become the Loan Geek! It's an amazing story. 

Direct download: Mark_Podolsky_06.Dec.16.mp3
Category:general -- posted at: 12:52pm EDT
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Ned joined us today. The Trump rally has taken $100 off the price of gold. It's an irrational reaction to his election. He's not driving it down much more than that. The dollar's rally has probably has gone as far as it can. How much more can it possibly go? The ratio of gold to the S&P has hit a major low point. This isn't a time indicator, but rather a value indicator. At some point it will correct and correlate. The coming rate hike is baked into the price of gold so don't expect a major reaction on December 14, 2016 when the Fed meets. 

New bull market in agricultural commodities is coming. Average gain for ag commodities from their lows is 22%. A good indicator. Worth keeping an eye on. 

Direct download: Ned_Schmidt_05.Dec.16.mp3
Category:general -- posted at: 3:58pm EDT
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Noted financial advisor Jeffrey Small believes that the Trump Rally is real. The policies that he intends to put in place are already showing results in higher consumer confidence. Jeff expects this trend to continue after the inauguration. However, he sees the best investments in fixed income, fixed yield investments. While the economy may do better, it won't necessarily kick into high gear. Time to be safe rather than sorry. 

Direct download: Jeffrey_Small_05.Dec.16.mp3
Category:general -- posted at: 3:07pm EDT
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John notices that whenever anything happens that should kill the stock markets and increase the price of gold, the opposite happens. The Italians reject a pro-EU measure and the Euro goes up. Is there a method to this madness? Perhaps the Gods really are crazy. 

Direct download: John_Rubino_05.Dec.16.mp3
Category:general -- posted at: 2:58pm EDT
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What is Doctor Copper trying to tell us? It was up 20% for the month. Energy rose as well with WTI up 5.4% and Henry Hub up 8.6%. Stock markets were all up with the exception of TSX.V and the Emerging Markets. The Russell 2000 led the way with an 11% gain. USD was up 3.1% and EU was down 3.4%. The dollar is king for now. Bitcoin was up again 6.4%. Uranium hit the skids down 5%. And finally, interests rates on the 10 year were way up to 2.37%, blame it all on Trump!

Direct download: Mickey_Fulp_02.Dec.16.mp3
Category:general -- posted at: 2:46pm EDT
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Pet Hug has been in the precious metals sector since 1974. He's one of those rare individuals who experienced the last bull market and crash. Armed with this knowledge he's particularly well-suited to have a clear perspective of the current market. And he's Director of Trade for Kitco Metal, and everyone who listens to this show knows Kitco. Peter's guardedly optimistic on Gold for the coming year for many reasons, among them the propensity of central banks to inflate their way out of any economic slow down. With Peter's long involvement in the sector, I wouldn't bet against him. 

Direct download: Peter_Hug_30.Nov.16.mp3
Category:general -- posted at: 5:34pm EDT
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Aaron Clarey, a/k/a Captain Capitalism, is at it again. He's got a solution for the nation's pending debt implosion. Rather than cut spending or fuel economic growth, sound goals in and of themselves, the Captain proposes that the Fed simply print up another $20 trillion over time and buy up stocks around the globe. Over time its portfolio would yield huge dividend income and presumably appreciation, as they bid up the price of the entire market. In fact, Japan and other countries are already doing this. Can it work or could it just accelerate our march to financial oblivion? We'll probably never find out. 

Direct download: Aaron_Clarey_30.Nov.16.mp3
Category:general -- posted at: 4:03pm EDT
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Greg Crowe, CEO of Silver One, was bitten by the mining bug long ago. Holding two geology degrees, he wracked up an extremely successful career, working around the world bringing projects online. He was enjoying a comfortable and happy retirement when the Silver One opportunity presented itself. Greg gladly came out of retirement to take this one on. And for good reason, there's three extremely promising projects that look like potential big silver producers, which is why yours truly is an investor in the company. And we're thrilled that Greg has partnered with FSN to tell this extremely compelling story. 

Find the company at SilverOne.com.

Stock symbol: TSX-V:  SVE  OTC:  SLVRF  FF:  BRK1

Direct download: Greg_Crowe_30.Nov.16.mp3
Category:general -- posted at: 3:19pm EDT
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William Kelly has been trying to reform Chicago's corrupt system for years. As a candidate for mayor of Chicago and as a radio talk show host. Even though the state of Illinois and the City of Chicago have been collapsing, he hasn't given up hope that they can be saved. He's working tirelessly and his new book adds impetus to the effort. Will Trump's victory help save the city and state? 

Direct download: Citizen_Kelly_29.Nov.16.mp3
Category:general -- posted at: 12:58pm EDT
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What's going to happen next Wednesdays with Andrew Hoffman:

  • OPEC "deal" - give me a break!
  • INFLATION expectations
  • CASH, CURRENCY, CAPITAL CONTROLS
  • Physical vs. Paper PM market disparity
  • Today's article, the "giant pink elephant in the room" - of surging interest rates!
  • Etc, etc.
Direct download: Andy_Hoffman_30.Nov.16.mp3
Category:general -- posted at: 12:44pm EDT
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Chip Lake, noted political consultant sees the role of the mainstream or legacy media becoming redundant. As their hostility and ignoble agenda becomes more obvious by the day, Trump will by-pass them altogether and real social media directly to the people. Why go through a distorted media filter that is hostile to his interests and the country's? Stay tuned because there's a new era of political discourse on the horizon. 

Direct download: Chip_Lake_29.Nov.16.mp3
Category:general -- posted at: 2:35pm EDT
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