Peter Schiff was on for an update on the self-immolation of the US Dollar and the economy. Janet Yellen is learning the art of the happy talk and the media hasn't missed a beat. Everyone is very hopeful, upbeat and optimistic, but that's not going to change the ultimate outcome and the economic collapse that's heading our way. The NASDAQ is making a huge head and shoulders formation and the dollar is hitting new lows. Not the signs of a healthy economy. Peter tells us all about what's next. 

Direct download: Peter_Schiff_07.MAY.14.mp3
Category:general -- posted at: 6:03 PM

Ned has nearly 40 years of experience in investment management, consulting, and teaching Finance in the U.S. and offshore. In 2003 he published "$1,265 Gold", one of the earliest major research reports documenting the impending rise of Gold at that time. Ned says, "When the Russians are shooting down helicopters in Eastern Europe you buy gold, food and oil, not Facebook, Google or Twitter." 
Direct download: Ned_Schmidt_06.MAY.14.mp3
Category:general -- posted at: 7:51 PM

As Tom Payne says, "I've out-interviewed more qualified competitors and so have my clients, and it was done ethically, telling nothing but the truth." He's done it himself and trained others by effective storytelling. It's a great skill to have and it can enhance your life in so many ways. Have you ever listened to someone tell a story and wish that you could do it as well. Tom gives you an effective method for doing that will filter into all aspects of your life, whether it's looking for a job, helping to raise your kids or relating better in a social setting. 

Direct download: Tom_Payne_06.MAY.14.mp3
Category:general -- posted at: 5:19 PM

We caught up with Rick Ackerman today. His reprint of a New Jersey teacher's lament about overly generous public pensions was quite instructive. It reinforces why the long term trends for precious metals are so appealing. In the short term, Rick still thinks June Gold has appeal. Silver appears to be stuck in the mud until it breaks out and starts showing signs of strength. Stocks anyone? 

Direct download: Rick_Ackerman_06.MAY.14.mp3
Category:general -- posted at: 5:17 PM

The Ayn Rand Institute's Rituparna Basu writes, "A major reason why doctors are ignored is that doctors themselves are hesitant to assert their right to practice medicine as they see fit. Dr. Craviotto doesn’t put his opposition to government control of his profession in those terms, but that’s the logical foundation of his position: doctors have the right to practice medicine as they choose, and everyone else has the right to accept their services or not." We talk about this issue and more on the with her and what we can look forward to in the age of Obamacare. 

Direct download: Ritaparnu_Bisa_05.MAY.14.mp3
Category:general -- posted at: 6:23 PM

John Rubino says that no US GDP report is complete without an explanation from the Consumer Metrics Institute of how Washington is fooling us. The latest one is even scarier than usual:

There are a number of disturbing items in this report:

– Even at first glance this is not a good report. Although the headline number itself says “stagnation,” in the context of earlier reports it shows an economy in dynamic transition from lackluster growth towards outright contraction. The overall headline number is down 2.5% from the prior quarter and down 4% from the next earlier quarter. These are significant changes, with the prior quarter’s trend extended and the downward slope intensifying.

– Private commercial investment dropped substantially, led by reduced outlays for residential construction, transportation equipment and IT infrastructure.

– The year-long 2013 cycle of inventory building has come to an end. Over an extended time period inventories are mostly a cyclical zero-sum game, with excessive growth or contraction over any period being corrected (i.e., reversed) during a subsequent period. Moving forward we should expect that inventories will continue their cyclical contraction, with negative consequences to the headline number.


Direct download: John_Rubino_05.MAY.14.mp3
Category:general -- posted at: 5:36 PM

Mondays with Andrew Hoffman:

  • NFP Report-3 numbers that count;
    GDP fiction report;
    Japan keeps dropping-largest ever drop in pmi;
    China 47% yoy drop in home sales;
    Ukraine keeps inching closer to war;
    Interest rate are dropping like a stone everywhere;
    Gold spikes;
    Silver to gold ratio nears 67.
Direct download: Andy_HOffman_05.MAY.14.mp3
Category:general -- posted at: 5:34 PM

Noted Columnist and Author James Hirsen was on the show talking about the future of mandatory microchipping. While there are people now voluntarily having chips injected into their bodies in an effort to control all sorts of devices, James sees an alarming trend ahead. How long before the people who brought you massive NSA data collection decide that it's in everyone's interest to be chipped and make it mandatory? It's just another case of the technology advancing way ahead of morality. Will Americans finally say enough? 

Direct download: James_Hirsen_02.MAY.14.mp3
Category:general -- posted at: 7:15 PM

After 50 years Toyota Motor Company is leaving the high tax state of California for the low tax state of Texas. Politicians in high tax states can't believe such things happen, but in the real world this is exactly what happens. Next, the truth is out about the phony Obamacare numbers. Want the the real number, just deduct 1/3 or divide by two. Finally, Detroit's post-bankruptcy plan is coming into focus. Is it a matter of too little too late? 

Direct download: TLR_351.mp3
Category:general -- posted at: 6:15 PM

According to Tom Bowden, yet again, some of America’s most admired and innovative companies — in this case Apple, Google, Intel, Adobe, Intuit, Pixar, and LucasFilm — have fallen victim to an antitrust shakedown. Rather than face a jury at the risk of $9 billion in penalties, the defendants reportedly offered a total of $344 million in settlement. This is par for the course when it comes to government enforced notions of fairness. It never stops, whether it's Microsoft a decade ago, or Apple today. 

Direct download: Tom_Bowden_02.MAY.14.mp3
Category:general -- posted at: 5:56 PM

April is over and that means it's time for the monthly major market review with Mickey Fulp. Well the stock markets continue to break new ground, at least the Dow and S&P 500. 

  • Gold and Silver down;
  • Platinum and Palladium up;
  • Copper stabilizes;
  • WTI down, Brent Stable, Henry Hub up 10 percent;
  • Dollar down, Europ up, 10 yr up;
  • Bitcoin depends upon the day. 
Direct download: Mickey_Fulp_02.MAY.14.mp3
Category:general -- posted at: 5:01 PM

We spoke with Seth Peretzman who's associated with our Sponsor Borderless Holdings (formerly known as Owings Metals) has a number of interesting products entering the market.  Chief among them is their wearable wealth line. These are 24 karat gold bracelets, from 1 ounce to 15, made up of beads held together with sterling silver wire. They can be easily seperated and sold off by the piece if and when necessary. They are durable and insurable and easily transportable over borders. 

Direct download: Seth_Peretzman_01.MAY.14.mp3
Category:general -- posted at: 7:51 PM

Law Professor John Quigley's experience with The Ukraine and The Crimea goes back many years. He understands the region quite well. He's a bit confused about why it's become such a flashpoint. After all, the United States really has no vital interests there. Russia on the hand, sees the warm water ports as crucial to its national interests. Where it winds up now is anyone's guess. 

Direct download: John_Quigley_01.MAY.14.mp3
Category:general -- posted at: 7:50 PM

We talked with TheRealSide's Joe Messina about the corrupt-a-thon taking place at the rebuilding of the World Trade Center. When completed, 1 World Trade Center will be the most expensive office building in the world. Cost overruns and waste have become the purpose of this project. A worthy museum dedicated to the memories of those who perished on 9-11 wound up costing $700 million and will cost the US Park Service $60 per year to operate. No wonder the country is going down the tubes.

We also talked about the first three party marriage, which happens to be all female. Sounds great until you think about how difficult it is to make a two party marriage work. Add 50 percent more people and 10 times more problems.  

Direct download: Joe_Messina_01.MAY.14.mp3
Category:general -- posted at: 4:35 PM
Comments[0]'s Joe Deaux joined us to discuss the latest employment situation. It appears that employment is gradually improving and the low GDP number just reported this week was due largely to the horrific winter weather. If second quarter GDP improves and tapering has no effect than perhaps this recovery will be for real, but right now it's too early to tell. 

Direct download: Joe_Deaux_01.May.14.mp3
Category:general -- posted at: 3:25 PM

Alasdair McLeod joined us today. Looks like Quantitative Easing isn't going so well. First Quarter GDP growth in the US was negligible. Is it time to step on the monetary accelerator again? Worldwide economies are looking bad. But the Keynsians just want to take from the rich and the not so rich and give to the poor and not so poor. Piketty's book is taking the Continent by storm. Karl Marx is making a comeback. Where it will end is anyone's guess, but Krugman is looking 10 years younger. 

Direct download: Alasdair_McLeod_30.Apr.14.mp3
Category:general -- posted at: 7:07 PM

Attorney Edwin Marger believes that our rights are under assault and that the Supreme Court has done nothing to stop it and will do nothing in the future. It is up to the American People to take their rights back. So far they have stayed asleep, but perhaps sometime in the future a tipping point will be reached and the sleeping giant will awaken. 

Direct download: Edwin_Marger_30.Apr.14.mp3
Category:general -- posted at: 7:05 PM

Tax Expert Sandy Botkin was back. We were talking about record retention. While there are different time periods required for different types of tax records, your best bet is just to hold on to everything forever. That way, if you ever need it you'll have it. When it comes to an audit or a complicated tax retun, don't do things yourself, hire a professional. They know how to deal with the IRS and the Treasury. 

Direct download: Sandy_Botkin_30.Apr.14.mp3
Category:general -- posted at: 4:45 PM

Barry Stuppler is the voice of experience in the precious metals markets. He's been doing it longer than just about anyone. While he'd like to see prices busting out and heading for record territory, that's just not the way that markets work. But he's confident that prices are headed in the right direction. 

Direct download: Barry_Stuppler_29.Apr.14.mp3
Category:general -- posted at: 7:36 PM

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

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

Ross Kenneth Urken of and 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

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

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

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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