Danielle Park joined us today for our bi-weekly chat. We go way deep into the whole high frequency trade/fraud scam. Danielle talks about what it's actually meant to her and her high net worth clients and what she's actually looking to do about it now. You'll find there's many layers to this onion. 

Direct download: Danielle_Park_29.Apr.14.mp3
Category:general -- posted at: 7:16 PM
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Lowell Ponte, our old friend talks about Thomas Piketty who is a rock-star economist, according to Heidi Moore of the UK's Guardian newspaper. His idea is tried and true among Marxist Economists, just take from the wealthy and redistribute to the poor. How original can you get? 

Hysterically she asks, "Can he re-write the American dream?" 

We talk about the Cuban Dream of free things for everyone and how well that worked out and is working now. Piketty's dream will work out equally well no doubt. 

Direct download: Lowell_Ponte_29.Apr.14.mp3
Category:general -- posted at: 7:15 PM
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Ross Kenneth Urken of TheStreet.com and MainStreet.com joined us today to talk about the Springsteen Effect. You know it well, when the wealthy talk about how Main Street is getting shafted by the wealthy and Wall Street, but neglect to mention that they happen to be members of the dreaded 1 Percent. Some might call it hypocrisy.

Also we discussed the emerging 420 market is getting ready to take off. We talk about one stock in the UK that's getting ready. 

Direct download: Ross_K_Urken_29.Apr.14.mp3
Category:general -- posted at: 6:02 PM
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Few things shocked America and the World like the attacks on 9/11. Without getting into a debate over whom was responsible, it's time to take a hard look at the rebuilding process taking place in Lower Manhattan. There's been a veritable feeding frenzy. Billions have been looted and wasted. The economic policies behind the original World Trade Center were flawed and those behind this one are even worse. Listen to the analysis. There's information here you'll find out elsewhere. 

Direct download: TLR_350.mp3
Category:general -- posted at: 8:11 PM
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Monday with Andrew Hoffman

  • Bubbles-more evidence of a bubble collapsing margin debt and unprecedented corporate debt;
  • BOA down 6 percent because they cancelled dividend increase and stock buyback;
  • Abenomics—Japan dead in the water;
  • China—currency at new multi-year lows;
  • Ukraine ramping up;
  • Shanghai future exchange-silver inventory drop;
  • Silver eagles being rationed by the US Mint;
  • FOMC meeting Wednesday-whatever will they talk about.
Direct download: Andy_Hoffman_28.Apr.14.mp3
Category:general -- posted at: 5:26 PM
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John says it’s not easy being a mainstream economist. You spend your life building models that become your professional identity. And when those models fail to describe and predict reality, you’re left wondering about the meaning of it all.

The latest case in point is US housing. Keynesian economic models say that if you lower mortgage rates you get more houses bought, sold and built. A nice, simple piece of cause and effect. But today’s mortgage rates are at levels that would have incited a buying frenzy a generation ago, employment is rising — and home sales, home building and mortgage originations are all flat-lining.

Direct download: John_Rubino_28.Apr.14.mp3
Category:general -- posted at: 5:13 PM
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Our close friend Mark S. Mann joined us for a look at ballistic precious metals and a legislative round up. The legislative action is at the state level, not the federal action, but never underestimate the damage the Feds can inflict. The ammo shortage is letting up in a few places and so are some prices. But that can change quickly, so be ready to buy on weakness, just like gold and silver. Also take a look at what's going on in NY and CT, as well as GA and KS. 

Direct download: Mark_S_Mann_25.Apr.14.mp3
Category:general -- posted at: 5:50 PM
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Gordon T. Long joined us today for a discussion about the rapidly growing fissures in the worldwide credit markets. Cars sales are up but so are sub-prime auto loans. People can afford auto lease payments, but they can't afford to handle the huge repair bill at the end of the warranty period. China's credit bust is here and you better watch out for what's next. 

Direct download: Gordon_T_Long_25.Apr.14.mp3
Category:general -- posted at: 5:49 PM
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You've heard Howard Davidowitz on CNBC trying to talk reality to the dreamers that report the financial news. He's got his work cut out for him. They just don't want to hear about it. Howard tells it like it is. He might sound a little bit like Gerald Celente. Obamacare is killing the economy, the average household income has gone from $57k to $51k in the past 5 years and is still tanking and the admin's policies are doing nothing but killing the middle class. But the media doesn't want to hear any of it. We need more truth tellers like Howard. 

Direct download: Howard_Davidowitz_24.Apr.14.mp3
Category:general -- posted at: 3:31 PM
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The truth is out, Medicare's irrational pricing scheme actually raises the cost of medicine for most procedures, even if you've got private insurance. That's what happens when the free market isn't allowed to function. But if you listen to FSN, you knew that already. Speaking of the free market, Fracking has led to an oil production boom in the US, especially Texas and now Mexico wants in. They've passed a new law aimed at allowing them to get a piece of the action. We'll see if they've learned their lesson. 

Direct download: TLR_349.mp3
Category:general -- posted at: 3:27 PM
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Wall Street's doing well, quantitative easing has been a smashing success as proven by the depressed prices of gold and silver, so why should anyone worry about anything? So what if most of the country is becoming dependent upon the government for sustenance? We can afford it, can't we? We're a wealthy country after all, or at least we used to be. It's just a matter of time until reality asserts itselt and it won't be pleasant that's for sure. So get ready for the eventual day of reckoning. 

Direct download: Peter_Grandich_23.Apr.14.mp3
Category:general -- posted at: 11:00 AM
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We caught up with Bix Weir today. Seems that Russia is in the mood to celebrate their annexation of the Crimea and plan to mint a one kilo silver coin complete with Putin's likeness and a map of the Crimea emblazoned on the back. Bix thinks it may be a stick in the eye of the US and the West. Silver is after all the achilles heel of the financial system. 

Direct download: Bix_Weir_23.Apr.14.mp3
Category:general -- posted at: 8:39 PM
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Monty Pelerin was on again, that pseudonymous sage of economic and political wit. While he's got a few years on yours truly, he's only voted in one election that he can remember, and he's rather upset that he had that breakdown in judgment. Fortunately, he's never repeated that lapse in judgment again. We also talked about that source of universal political wisdom H.L. Mencken. Here's a few noteworthy quotes. 

  • A good politician is quite as unthinkable as an honest burglar.
  • Democracy is a form of worship. It is the worship of jackals by jackasses.
  • Every decent man is ashamed of the government he lives under.
  • Democracy is a pathetic belief in the collective wisdom of individual ignorance.
  • Giving every man a vote has no more made men wise and free than Christianity has made them good.
  • I believe that all government is evil, and that trying to improve it is largely a waste of time.
  •  On some great and glorious day the plain folks of the land will reach their heart’s desire at last, and the White House will be adorned by a downright moron.
  • If a politician found he had cannibals among his constituents, he would promise them missionaries for dinner.
Direct download: Monty_Pelerin_23.Apr.14.mp3
Category:general -- posted at: 8:29 PM
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John and Monica Miller were on the show recently. They're writing a series of books about the coming banking implosion that's going to sweep the United States and the Globe. Bail-ins are the shape of things to come. You've seen it in Cyprus, Venezuela and Argentina. It's coming to the US, the EU and elsewhere. How do you prepare? What can you do about it? John and Monica left the US years ago and have answers to these questions and more. 

Direct download: John__Monica_Miller_22.Apr.14.mp3
Category:general -- posted at: 6:14 PM
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George Matheis, former law enforcement officer and trainer was on discussing what the government has in store for BLM resister Cliven Bundy. George thinks they will issue a warrant for his arrest. There's a good possibility that BLM will refer the matter over to the DOJ who will move to hold Bundy in contempt of court. How many armed officers the government is willing to devote to this exercise is really the question. And are they willing to risk bloodshed in an election year? Attorney General Eric Holder has been involved in Waco and the Elian Gonzalez matter, so he's up for anything. 

Direct download: George_Mathies22.Apr.14.mp3
Category:general -- posted at: 4:48 PM
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Wayne lives in Las Vegas. He lives and breaths Nevada politics. Something is very wrong. Something smells rotten in the Nevada desert. And Senator Harry Reid’s fingerprints are all over it.

He's referring to the Bundy Ranch siege. This was a dispute between a Nevada ranching family with rights to the land in question for 140 years and the BLM (Bureau of Land Management). 

The government claims they haven’t paid grazing fees for 20 years. The result was a government assault on the ranch- including snipers with assault rifles, SUV’s, helicopters, airplanes and over 200 heavily armed troops. No matter whether you come down on the side of the government or the ranch family, all of us can agree this was excessive force.

Wayne has some other insights that he brings to the table on this important chapter in American History. 

Direct download: Wayne_Allyn_Root_22.Apr.14.mp3
Category:general -- posted at: 3:53 PM
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Dr. Larry Kawa says that you  that can tell that election season is near. Listen and you can hear the sounds of backpedaling and political double-talking at every corner. Everyone knows that the Democrats approved huge cuts to Medicare and its various programs in the name of its sacred cow, Obamacare.
Yet at every turn Democrats have been trying to either distance themselves or undo the damage that they’ve done to seniors through their cuts on Medicare. One of the major cut that they are now trying to undo, prior to the election, are the cuts to Medicare Advantage, a privatized Medicare program, that is very popular amongst seniors.
Democrats have a major liability on this issue as evidenced by Alex Sink’s crucial loss in the Florida House special election. The US Chamber of Commerce ran attack ads criticizing Alex Sink for her support of cuts to Medicare Advantage and her rubber stamping of Nancy Pelosi’s agenda.

Let's see what happens next. 

Direct download: Larry_Kawa_22.Apr.14.mp3
Category:general -- posted at: 3:28 PM
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Good news on the medical front for yours truly. More news on government intrusion. How about those Bundy's. Can they keep pulling it off like this? Don't refill your softdrink in a government building without paying or you're in for a huge fine. 

Direct download: TLR_348.mp3
Category:general -- posted at: 7:44 PM
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According to Regina Cates, we live in an egocentric society. Our behavior creates our lives, yet we point the finger at everyone else if life isn’t going as well as we’d hoped. She explains the underlying issue behind this me-first epidemic: most people believe someone else is responsible for their happiness. While we can’t control
other people or situations, we do have a choice in how we respond to them.  Regina and I discussed real life examples of making those choices, and why shrugging off jerks and setting personal boundaries can help you lead a more meaningful life – and avoid getting sucked into the blame game. Regina Cates’ book, “Lead with Your Heart: Creating a Life of Love, Compassion, and
Purpose."

Direct download: Regina_Cates_21.Apr.14.mp3
Category:general -- posted at: 6:59 PM
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Our sponsor Jason Hartman joined us for a review of real estate markets and where are opportunities are still available. While prices have gone up, there are still markets where investors in single family homes can still get good deals and very attractive returns. Jason's been at it for so many years, he's an expert at finding those overlooked markets. We also discussed alternative investments and what other choices you have in investing your extra funds.  

Direct download: Jason_Hartman_18.Aprl.14.mp3
Category:general -- posted at: 5:17 PM
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John Rubino and I connected for our Monday morning discussion.
 
        Imagine if you threw a bond auction and nobody showed up:
       The flagship piece of paper in the world’s third largest economy;
       Nobody wants it—.6 per year interest;
       Central bank winds up buying it;
       Some other country has to buy it, is arms length?
       In a world that isn’t manipulated this would be a screaming short.
Direct download: John_Rubino_21.Apr.14.mp3
Category:general -- posted at: 5:06 PM
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Mondays with Andrew Hoffman
  • Newmont and Barrick merger—fact or fiction;
  • De-escalation the equivalent of tapering and recovery;
  • Sunday night sentiment attacks alive and well;
  • Japan’s 36th monthly trade deficit;
  • Death of markets—36 hours not a single buyer for Japanese debt;
  • Miserable earning season going on but Dow doesn’t care.
Direct download: Andy_Hoffman_21.Apr.14.mp3
Category:general -- posted at: 5:03 PM
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Alan Newman is editor of Crosscurrents, a stock market investment newsletter. He's also a real estate investor. He's extremely concerned about the direction of the country and all the debt that's being piled on at all levels of society. For this reason and others, he's been bullish on gold since 9/11/2001. He's more bullish now as he's ever been. And he's waiting for the stock market to take a major hit. 

Direct download: Alan_Newmann_18.Apr.14.mp3
Category:general -- posted at: 6:35 PM
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We caught up with the Daily Reckoning's Chris Mayer. He just got back from Ireland and says there's a major fire sale taking place. Between the damage that took place in Ireland, Spain, Greece and other countries, assets are available at well below their replacement cost. Of course there's no telling when the long awaited recovery will occur, but if you've got the nerve and the cash, you could score big. 

Direct download: Chris_Mayer_18.Apr.14.mp3
Category:general -- posted at: 6:33 PM
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Paul LeJoy came to America from Africa and saw that it was still the land of opportunity. While others complained and believed that they couldn't get ahead, Paul plowed ahead and built up a real estate empire. Now he helps others do the same. On a recent trip back to his homeland in Africa, he saw that little has changed. His fellow country men are just sitting around waiting for the government to come to their rescue and it's not happening.  

Direct download: Paul_LeJoy_17.Apr.14.mp3
Category:general -- posted at: 7:10 PM
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