Dr. Robert A. Eisenbeis serves as Cumberland Advisors’ Vice Chairman and Chief Monetary Economist. In this capacity, he advises Cumberland’s asset managers on developments in US financial markets, the domestic economy and their implications for investment and trading strategies. With his experience as Executive Vice-President and Director of Research at the Federal Reserve Bank of Atlanta, where he advised the bank’s president on monetary policy for FOMC deliberations, Dr. Eisenbeis has a unique insight into the economy and where it's heading. 

Direct download: Bob_Eisenbeis_02.Dec.14.mp3
Category:general -- posted at: 4:08 PM
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Today we sat down with Mickey Fulp for his Major Monthly Market Review. The biggest loser was WTI. Gold and silver lost some and copper took a big hit. Bitcoin recouped its losses from October. Natgas was stable. And those major markets keep going up and up.  Uranium is still on the rise. 

Direct download: Mickey_Fulp_02.Dec.14.mp3
Category:general -- posted at: 4:01 PM
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The Swiss Gold Referendum results are in and they've given their vote to the Banksters. We probably shouldn't be surprised. What we were really asking the Swiss to do was to start a new monetary system with absolutely no assurances as to its success. Unfortunately, this may have been the last opportunity to reform the system from within. Now the forces that have been that have driving the world's economies to the brink have clear sailing ahead. There's nothing that can stop them now. So buckle your seatbelts and get ready for the ride of a life time.

Gold and silver are up major today, in classic counterintuitive fashion. 

We also discuss the Ferguson incident and what the evidence really shows happened. Not that the facts matter about anything anymore. But you should know. 

Direct download: TLR_372.mp3
Category:general -- posted at: 8:58 PM
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Manipulation Mondays with Andrew Hoffman:

Swiss referendum

                -historic propaganda, market manipulation beforehand (both here and in Switzerland)

                -however, brought out major pro-gold forces as well

                                -Dutch repatriation, French repatriation request

                -also, now entire world doomed to money printing to infinity after Swiss dupe

                

Historic PM tightness

                -record U.S. Mint Silver Eagles sales, Royal Canadian Mint Silver Maple sales, Indian silver imports, Chinese gold demand, 15-year low GOFO rates; plus, end of Indian 80/20 import/export rule

 

Economic collapse!

                -nine misses Wednesday alone in States

                -today, China PMI nearly below 50, at eight-month low

                -today, Europe 50.3, and Germany down from 50.0 last month to recessionary 49.5

                -Japan downgraded by Moody's from Aa3 to A1

                -currencies the world round in freefall, particularly commodity related like Ruble, Real, Rupiah, Australian dollar

 

today's article was titled "Shale oil 2015 = subprime mortgages 2008"

                -1/3 of all S&P 500 capex is energy-related, and was declining BEFORE oil prices collapsed

                -more than half of shale oil unprofitable today, and generally less desirable grades to start with

                -15% of all U.S. junk bonds shale oil related

 

Direct download: Andy_Hoffman_01.Dec.14.mp3
Category:general -- posted at: 5:16 PM
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John relates that last week saw the global financial system tip from delusion — where it had happily drifted for several years — into chaos. Consider the following more-or-less randomly chosen data points:

French unemployment hits record high

Italian unemployment hits record high 

Oil’s price falls by $10.36/bbl, or 13.5%, in a single day, to its lowest price since 2010. 

Copper falls by 6% to $2.86/lb, 25% below its 2013 high. 

European bond yields fall to record lows. Even Italy, with government debt exceeding 130% of GDP, can now borrow for around 2%. Japan, meanwhile, issues bonds with negative interest rates. 

European inflation approaches zero, with several member states apparently already in deflation. 

Emerging markets see the opposite trend, as a soaring dollar causes their currencies to fall and inflation to spike. The Russian ruble falls by 7.3% to a record low, while the currencies of Brazil, Colombia, Mexico and Chile drop by at least 1.9%. See Brazil’s Rousseff vows immense effort to slow inflation.

Chinese malinvestment, a topic of conversation ever since those ghost city pictures started circulating, is pegged at $6.8 trillion, or about 70% of China’s entire economy. 

As Prudent Bear’s Doug Noland put it his November 28 Credit Bubble Bulletin, “Collapse of the ‘global reflation trade’ runs unabated. Where might contagion strike next?” 

The answer is in one final set of stats: Last week the S&P 500 and Dow Jones Transports hit record highs, while the Nasdaq 100 index of tech stocks rose to its highest level since March 2000, just before its epic crash.

If everything but equities is being sucked into a 2008-style deflationary vortex, how much longer can US stocks hold out? Probably not long.

Direct download: John_Rubino_01.Dec.14.mp3
Category:general -- posted at: 4:33 PM
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Jason Hartman joined us today to talk about the trends he sees in place for the coming year. More slow growth, lower home ownership rates and higher renterships to name just a few. That means higher worker mobility, which is not necessarily a bad thing. Lower inflation seems to be in the cards, but that can quickly change too. But don't worry, we'll have a new president in just two years and we'll see how 44 can really mess things up. 

Direct download: Jason_Hartman_26.Nov.14.mp3
Category:general -- posted at: 8:05 PM
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George Matheis, Jr. has been in law enforcement his entire adult life. He's trained SWAT teams, the military and police departments and has been in similar situations to Darren Wilson. He believes that not enough effort goes into training officers in physical fighting so they have to resort to their weapons as a last resort, as in Ferguson. George also has some common sense advice for avoiding and fleeing violent mobs that you'll want to hear. 

Direct download: George_Matheis_26.Nov.14.mp3
Category:general -- posted at: 6:43 PM
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Monty says that  NYC is a fragile ecosystem built upon a weak foundation of debt, corruption, and easy money that will be wiped out during the coming financial storm of the century. NYC and the empire it represents are like a 225 year old majestic oak tree in Central Park that appears healthy and strong to the naked eye, but in reality it is diseased and rotting within. It will only take a predictable storm to bring it crashing down to earth.

Financial engineering, pandering to government unions, issuance of debt, luxury retail, and conspicuous consumption, wrapped in a surveillance police state is not a sustainable economic model. Only the hubristic, arrogant, wealthy aristocrats believe they can sustain such a freak show. They are delusional and blinded by pride and belief in their own infallibility. They, along with the millions of unsuspecting New Yorkers, should really be uneasy. Their paradise of materialism will not survive the hurricane of consequences headed their way.

Direct download: Monty_Pelerin_25.Nov.14.mp3
Category:general -- posted at: 9:03 PM
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Craig Lack is one of America's foremost authorities on Obamacare. The Affordable Care Act is now at a crossroads. With the subsidy issue now before the Supreme Court and the recent disclosures of the act's architect Jon Gruber, the act has never been more vulnerable. Craig thinks there will just be a rearranging of the deck chairs. We'll soon find out what's going to happen next. 

Direct download: Craig_Lack_25.Nov.14.mp3
Category:general -- posted at: 7:30 PM
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Tara Richter is an expert in helping you to get your story on paper and getting it published. Some people find it extremely difficult getting it all down on paper. But Tara has figured out how to streamline and make it easy. Depending upon your budget she can help you write it, publish it and then promote it. It can help you become an industry expert and or celebrity in your own right. 

Direct download: Tara_Richter_25.Nov.14.mp3
Category:general -- posted at: 7:29 PM
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On November 4, 2014 Bo Polny made his first appearance on the show, boldy predicting the beginning of a new up cycle in precious metals. His logic is pretty compelling. Looking at gold against the Japanese Yen, it almost becomes inescapable. Will there be one last mega-raid? That remains to be seen. But right now, the bullish case for gold and silver looks pretty strong. 

Direct download: Bo_Polny_24.Nov.14.mp3
Category:general -- posted at: 5:45 PM
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t’s been quite a month.

In late October Japan, despite a year of fairly aggressive quantitative easing, dropped back into recession and concluded that even easier money was the cure for its ills. It announced a debt monetization plan of almost science-fictional proportions in which the amount of new yen to be created, as a percentage of GDP, will be equivalent to $3 trillion a year in the US. See Reactions to BoJ’s Kuroda’s Stunning, Doubled-Down QE ‘Experiment’

Then the European Central Bank, after years of operating in Germanic tight-money mode, finally accepted that a shrinking money supply was pushing the weaker eurozone countries into depression. On November 21 it threw caution to the wind and began buying up (by the sound of it) pretty much every stray piece of paper that’s blowing in the Continental wind. See
Mario Draghi Says E.C.B. Will ‘Do What We Must’ to Stoke Inflation

Most recently China, whose massive purchases of raw materials became the engine of the post-2008 recovery, discovered that much of the debt incurred to build those entire new cities is about as likely to be paid back as a typical subprime mortgage circa 2007. So it announced a surprise interest rate cut and a promise to do much more if necessary. See China’s surprise rate cut shows how freaked out the government is by the slowdown and Fear Of “Surge In Debt Defaults, Business Failures And Job Losses” Means Many More Chinese Rate Cuts

These are not the actions of economies in sustainable recovery but of countries falling into an abyss. Such open-ended offerings to the market gods are explicitly designed to get the juices of stock traders flowing. But so far that’s all they’ve done. Here’s a chart from Zero Hedge showing how each year’s initial GDP optimism has faded even while equity prices have continued to rise.

Direct download: John_Rubino_24.Nov.14.mp3
Category:general -- posted at: 5:33 PM
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Manipulation Mondays with Andrew Hoffman:

Swiss referendum

                - Switzerland only nation with capability of saving itself, with powerful forces backing both sides - and likely, a dead heat going in

                                -ARTICLE (today's) ' "Decision of a Lifetime", and last week's "Call to the Swiss"

                                -ARTICLE - "Splintering" - not just in Switzerland, but the entire world

                                                - Scotland, Catalonia, Venice

                                                - Switzerland

                                                - ECB itself, as Germany against QE as Draghi pushes it forward

                                                - ECB vs. SNB, per ARTICLE "ECB (and many others) vs. SNB          

                                                                -last week's ECB comment that it is considering buying gold and Dutch repatriation announcement - which seemingly attack the SNB at its great moment of propaganda need (as clearly, the ECB wants the F                                                                Euro/Franc peg broken, per the "final currency war."  Not to mention, Draghi's uber-dovish comments Friday, in which "whatever it takes" was supplanted by his new catch phrase, "whatever means                                                                         necessary."

 

                                -anti-gold propaganda off the charts

                                                -ARTICLE "He doth protest too much - the Best of Thomas Jordan"

                                

PHYSICAL PM markets on fire, care of this month's blatant pre-Swiss vote attacks - and, as it turns out, Ukraine desperation gold sale as its currency collapses

                                -most negative GOFO rates since 1999, lowest level since then is this morning

                                -record 1H Indian silver imports, 1H Royal Canadian Mint Silver Maple Sales, U.S. Mint Silver Eagles sales YTD, even with sales suspended for 12 days in November, elevated premiums still

                                -massive mining industry capex cuts (see BHP Billiton today), and year-end will be cataclysmic for mining industry in general at current levels

                                -Chinese gold imports likely will meet or exceed 2013's record level as well

 

Massive global money printing

                                -just weeks after Japan announced "Abenomics 2.0," China surprise market with rate cut, and expectations of more to come as Chinese economy collapses

                                -fears that this week's Euro inflation numbers will be too weak (more money printing), and if OPEC engages the world in a price war (Thursday meeting), could accelerate money printing further

                                -U.S. data across the board weak, other than the "lie to end of all lies" - i.e., last week's 10 sigma beat of Philly Fed.  John Williams thinks 3Q downward revisions could be large, and 4Q potentially negative

                                                -only a matter of time before Fed QE to Infinity widely understood, especially as "strong dollar" killing U.S. multi-national earnings and stocks and bonds at record high valuations

Direct download: Andy_Hoffman_24.Nov.14.mp3
Category:general -- posted at: 5:32 PM
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Ayn Rand's Steve Simpson joins us for a discussion of Net Neutrality, the government's wolf in sheep's clothing effort to protect the Internet from the big bad corporations and their effort to dominate it. Steve believes that the only protection the Internet will ever have is the free market. Statist solutions will only breed more Statism and that means less freedom and more fascism. 

Direct download: Steve_Simpson_21.Nov.14.mp3
Category:general -- posted at: 9:08 PM
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Avi Gilburt went from playing professional hockey, to a career in a law and accounting, to becoming a master Elliott Wave interpreter. He tells us his story, sad in parts, inspiring in others. In the past three years, the cycle theorists have called these markets right far more often than anyone else. There's a reason why and Avi explains it to us. He also tells us why he believes there's big money to be made in the gold miners and the oil drillers, if you have the guts and the staying power. A new guest, you'll be hearing from Avi a lot more in the future. 

Direct download: Avi_Gilburt_21.Nov.14.mp3
Category:general -- posted at: 9:05 PM
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Meet Joe Yazbeck:

* Internationally Known Master Speaker

* Influential Leadership Development Specialist

* Strategic Life Coach

* Expert on Media and Communications

* Serves the US military on the Board of Directors of the Successful Veterans

 

Nonprofit Organization.

* Authority on the Performing Arts

* Has Appeared on National Television

* Founded Music Production, Marketing and Artist Development Company, Heartbeat Productions

* Founder and President of Prestige Leadership Advisors

 

* Author of Best Selling Book 'No Fear Speaking' and Several Publications

Direct download: Joe_Yazbeck_21.Nov.14.mp3
Category:general -- posted at: 9:00 PM
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In The Great Betrayal, his third volume of The Black Book series, Horowitz provides a narrative of the controversies and confrontations over the Iraq War from its origins up to the death of Osama bin Laden. The "great betrayal" refers to the sabotage of this war by the Democratic Party and the political left. This volume focuses on events beginning with 9/11 and culminating in the Iraq War and discusses in depth:

  • How the effort to remove the Saddam regime was first supported and then cynically abandoned by the Democratic Party in a effort to paralyze the Bush administration;
  • How the Democrat leaders conducted a five year campaign against removing Saddam while American troops were still on the battlefield; and
  • How Democrat politicians acted in collaboration with "progressives" playing the left's historic role as frontier guards for the enemies of the U.S.
Direct download: David_Horowitz_20.Nov.14.mp3
Category:general -- posted at: 9:20 PM
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Jack Welch has some unkind words for the Chancellor of New York City's failing school system. Where else do the superintendents of failing schools get promoted? No wonder Johnny can't read, write or do rithmetic. Jack Welch wouldn't accept this kind of performance but for some reason the minorities of America's cities can't get enough. Interesting things happening in the PM markets. Keep your eyes open. 

Direct download: TLR_371.mp3
Category:general -- posted at: 9:15 PM
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Gordon T. Long has been sounding the alarm on Financial Repression for quite some time. Unfortunately most people have been unaware that their wealth is being stripped away before their very eyes. But Gordon and his associates have devised a number of strategies that can be exercised to avoid this fate. Before you can solve a problem, you've got to admit that it exits. 

Direct download: Gordon_T_Long_19.Nov.14.mp3
Category:general -- posted at: 9:16 PM
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Chris Duane joined us today after a long absence. He's been pumping out more special silver coins that truly make a statement. We also talked about the current occupant of the White House. Obama is truly an enigma. Who is he, where did he come from and who is his father, really? Those are just a few of the questions Chris has. Also, what's the real motive behind amnesty for illegals and Chris tells us about the Cloward-Piven strategy for anarchy. Interesting information that's hard to come by. 

Direct download: Chris_Duane_19.Nov.14.mp3
Category:general -- posted at: 8:56 PM
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Goldmoney's Alasdair MacLeod joined us today. Japan and Europe are an absolute mess. The US isn't much better. Right now the question is whether the Swiss are going to pass their referenda, key among them which would require gold backing of the Franc and break the Euro peg. Of course the elites want no part of it, which is what makes it so interesting. Polling data shows it being defeated, but who conducts those polls again? Alasdair believes that the upshot of the recent G20 meeting is that monetary policy has run its course and that any further stimulus will have to be done fiscally. What effect it will have is another story. 

Direct download: Alasdair_MacLeod_19.Nov.14.mp3
Category:general -- posted at: 8:50 PM
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Gary Christenson of the DeviantInvestor.com believes we may finally have seen the bottom in precious metals markets. But after what we've seen in the last few months, no one is willing to bet the ranch on it. But initial signs are encouraging. We may also be nearing the top in the stock market. It's always easier to call a bottom than a top, so stay tuned. 

Direct download: Gary_Christenson_18.Nov.14.mp3
Category:general -- posted at: 8:54 PM
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Danielle Park joined us today for a discussion of the latest developments in the financial markets. The plunge in the oil markets continues to dominate. If it continues, this could have a devastating impact upon the Canadian and US economies as well as others. For the past 6 years it has been the one bright spot and now things are looking bleak. The ability of central banks to keep things in check is increasingly being called into question. And of course corruption continues unchecked. 

Direct download: Danielle_Park_18.Nov.14.mp3
Category:general -- posted at: 8:52 PM
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Jim Mosquera, author of E$caping Oz: Protecting your wealth during the financial crisis, joined us today. As he said, you've read the headlines. The Fed is "printing money". All This should be bad for the dollar. Yet the dollar has shown remarkable resiliency and still remains the world's preferred currency. Should investors relax or be concerned? Jim has his view on what's coming next. He believes that we're going to see lots of deflation in those markets where the Fed's easy money policy has inflated prices, ie the Stock Market. The question is when? 

Direct download: Jim_Mosquera_18.Nov.14.mp3
Category:general -- posted at: 8:43 PM
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John Rubino joined us for our Monday chat. Now that the real economy has once again asserted itself and we see no and low growth breakout across the planet, what's going to happen next? A giant dose of QE has done nothing to help Japan as it heads back to recession. China's credit situation continues to deteriorate. But the price of art and collectibles at Christies and Southeby's continues to hit records. What's going on here and what's next? John has some definite opinions on the subject.

Direct download: John_Rubino_17.Nov.14.mp3
Category:general -- posted at: 5:46 PM
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