Mark writes, "With politicians and central bankers seemingly gone mad with their obsession for money printing and ultra low interest rates, it is nice to know that academic economists have a term (i.e., financial repression) for the policies that have created our current economic conditions.

However, it is not a new term. Its use dates back to at least 1973 when two Stanford University economists, Edward Shaw and Ronald McKinnon, used the term in separate publications. The phrase was initially meant to criticize various policies that reduced economic growth in undeveloped countries, rather than as an indictment of the world’s leading modern economies.

Financial repression is a revolving set of policies where the government insidiously takes wealth from the private sector, and more specifically makes it easier for government to finance its debt. In today’s environment this includes:

  1. ZIRP or “zero interest rate policy” where many of the world’s central banks keep their lending rates to banks at or near zero. Naturally, this makes the interest rate on government debt lower than it otherwise would be.
  2. QE or “quantitative easing” is the central bank policy of buying up government debt from banks. This increased demand increases the price of government bonds and reduces the interest rates on those bonds.

These are the two major policies of financial repression currently in use. The combination of the two policies has allowed governments to borrow money, both short- and long-term bonds, at extremely low interest rates. This, in turn, has kept the government’s interest payments on the national debt relatively low." 

It won't end well of that we can be certain. Take a look at the frescoes Mark refers to in his article and see if you recognize a parallel to modern America. The Allegory of Good and Bad Government

Direct download: Mark_Thornton_02.Jun.15.mp3
Category:general -- posted at: 7:03 PM
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Danielle Park explains why value investors are always as popular as the Maytag Repairman. They look for those situations that the vast majority have passed over. In today's market there are very few such securities in existance. They ignore the hype of the brokers (formerly known as customers' men) and market mania focusing only on true value and real assets. Will value investing make a comeback after the next crash? No one knows the answer to that but we can only hope.  

Direct download: Danielle_Park_02.Jun.15.mp3
Category:general -- posted at: 6:16 PM
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Jamie Meloni says The Real Estate Business has changed and evolved over the last several years. In this current society you have to be very careful where you give your info and what you spend your money on.

 

The positives aspect of the Real Estate business is it will always be alive and provide a solid source of income. In the current market, there are going to be a lot of new millionaires created from the recent drop in house prices. Now is the time to invest!

Direct download: Jamie_Meloni__02.Jun.15.mp3
Category:general -- posted at: 6:09 PM
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Mickey Fulp and I reviewed the major markets and their performance for May. Perhaps sell in May and go away will yet again prove true. May was a truly lackluster month with no market really standing out. Equity markets were marginally higher, setting new record highs during the months. Precious metals were marginally higher, energy prices were up slightly as was the dollar and interest rates. All in all a real sleeper but worth review to get an idea of where we're heading next.

Direct download: Mickey_Fulp_01.Jun.2015.mp3
Category:general -- posted at: 5:40 PM
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Rhonda Schaffler’s title is Anchor and Editor at large for TheStreet.com. We discuss, Retiring on Real Estate – Perfect Passive Income or Pipe Dream? – It can swing both ways.  But with some sound advice from our team, you can determine if this is an option for you.

 

Direct download: Rhonda_Schaffler_6-1-2015.mp3
Category:general -- posted at: 5:37 PM
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The problem with the US economy is that there's just not enough seasonal adjustments being made to the latest economic statitistics. If only the folks at the government statistics mills could do more seasonal adjustments, everything would be fine. Perhaps China could learn this trick too and start their economy growing as well. In fact, why not just dispense with the actual numbers and create new ones out of thin air? Oh wait, that's what's they're actually doing? 

Direct download: John_Rubino_01.Jun.15.mp3
Category:general -- posted at: 4:59 PM
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Do you know who Audie Murphy is? After just celebrating Memorial Day, it is important that we remember and celebrate our heroes and their sacrifices. Murphy, The Most Decorated Soldier of World War II, lived a life full of turmoil and triumph.  

 

The story of Audie Murphy is really the story of the effect of war on the individual soldier and how he must handle “the single most pervasive, traumatic experience of war”: killing and seeing others killed. In his new book, The Price of Valor: The Life of Audie Murphy, America’s Most Decorated Hero of World War II, David A Smith tells a timeless story: one of heroism and tragedy. Audie Murphy’s life story is the “cautionary tale of a hero” that the American public has forgotten.

 

Direct download: David_A_Smith_27.May.15.mp3
Category:general -- posted at: 6:24 PM
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John writes, "This story isn’t actually about Greece, but it begins there.

After the country went functionally bankrupt a few years ago, the solutions proposed by its creditors (mostly European banks and governments) included the impoverishment of its current citizens through cutbacks in wages and pensions, the impoverishment of its future citizens through the borrowing of even more money from the IMF and European Central Bank, and the sale of major state-owned assets to foreign companies to raise cash with which to make upcoming loan payments.

Greek voters, not surprisingly, responded by electing socialists who promised not to do any of those things. But apparently this didn’t work. Newsweek reports that the privatization program, after a brief pause, is back in high gear..."

Click here for the Boardroom scene in the movie Head Office.

Direct download: John_Rubino_27.May.15.mp3
Category:general -- posted at: 5:32 PM
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Jeff White loved being a financial advisor and stock broker. Then came 9-11 and he realized that he needed to do something else. While he was slaving away in the financial industry, he had acquired a love of working out and staying in shape. During this time he noticed many of his colleagues had been gaining weight and living an unhealthy lifestyle. Thus his transition to becoming a Certified Personal Trainer and Health Consultant was a natural one that made his life so much more fulfilling and worthwhile. 

Direct download: Jeff_White_27.May.15.mp3
Category:general -- posted at: 4:24 PM
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Where Are We Headed Wednesday with Andrew Hoffman:

Collapsing commodities, currencies again!

 

Greek default 6/05?

 

Global equity bubbles!

-Bernanke endorsing them

 

Per yesterday's article, record PM demand, record low PM sentiment

 

Spanish, British elections

 

mining industry collapsing and much, much more. 

Direct download: Andy_Hoffman_27.May.15.mp3
Category:general -- posted at: 3:01 PM
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We caught up with our old friend Rick Ackerman today. He called the turn in the stock market on the dime, but couldn't get in to make the trade. Sometimes the market stays ahead of even the most seasoned trader. He's sticking to his theasus that Treasuries are the trade of the century and is putting his money where his mouth is. So far, so good. Precious metals are still in a bear market and the immediate future's not looking good, but for how long? All bear markets eventually become bull markets, it's just a matter of when. 

Direct download: Rick_Ackerman_26.May.15.mp3
Category:general -- posted at: 7:04 PM
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Noted NY business attorney John Snyder joins the show explaining how people get taken. It's very important to never suspend disbelief. When someone is asking you to write a check, no matter the size, you need to be on your guard. Ask questions, no matter how stupid they may seem and if you don't like the answers, don't write the check! Also, if you're unsure, never hesitate to seek counsel. 

Direct download: John_Snyder_26.May.15.mp3
Category:general -- posted at: 6:33 PM
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John's new does a head to head comparison of the two flat tax bills peding in Congress and the Fair Tax why the Fair Tax is so superior and really protects the citizen's rights and really does abolish the IRS, which is what all Americans other than the politicians really want. 

Direct download: John_Gaver_26.May.15.mp3
Category:general -- posted at: 3:17 PM
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 How can we be hacked on vacation?

 

* How are these hackers targeting such a large volume of people?

 

* What are some of the ways to prevent these attacks?

 

* Why has the online world become a place full of criminals?

 

Heather and discuss how you avoid being a victim. If you don't take proper precautions you're a sitting duck. Think of it as hackers being out there who's fulltime job is just looking for victims to steal your data and sell it for a profit or use it themselves to buy tons of stuff. So watch out! And listen to Heather, she's knows what she's talking about. 

 

Direct download: Heather_Wagenhals_20.May.15.mp3
Category:general -- posted at: 6:56 PM
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Fed minutes today!

 

-have to be more dovish, as Yellen Reversal approaches

                -commodities crashing anew (base metals down 10% in last two days)

                                -CRB index approaching March 2015 (and late 2008) lows, even with oil up $16!

                -oil falling

                -dollar surging (commodities plunging)

                -ECB essentially increased QE yesterday, and PBOC started theirs

                -horrible economic data, starting with 1Q GDP and now 2Q looking horrible (and way above "consensus")

                -need to give "guidance" for June meeting, with all these horrible factors occurring

                                -not to mention, the continued "tectonic market shifts" - as rates continue to rise, and it appears, as I suggested, to be due to Chinese Treasury selling (very ominous)

 

-Grexit potentially by early June, as extention (and cash) run out

Direct download: Andy_Hoffman_20.May.15.mp3
Category:general -- posted at: 3:06 PM
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The beauty of Instant Equity is that you're using cash to buy discounted properties, reselling them at profit and then repeating the process. Therefore, it doesn't matter what your credit score is, Instant Equity is the cure. Start small and work your way up to the bigger deals. It doesn't matter whether you have a lot of experience or a lot of cash, this is the best real estate market of your life. You don't need to rely upon borrowed money or credit to get started, just get started now! The formula works!

Direct download: Mike_G_Episode_29.mp3
Category:general -- posted at: 2:28 PM
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Jason K. Roberts has been making his fortune buying and selling distressed real estate for more than two decades. Right now he says the place to be is Florida. While the worst of the real estate collapse may be over, and we don't know for sure, there's still lots of bargains in the Sunshine State. Jason has developed a system for finding them. He likes properties in that $100k range where the demand is robust. He sees nothing but blue skies ahead. 

Direct download: Jason_K_Roberts_19.May.15_.mp3
Category:general -- posted at: 8:33 PM
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The Super State is coming for your E-Cig, are you surprised? It's not really really a health issue, it's a tax issue, they've got hundreds of billions of tax dollars riding on your smoking habit. If a substantial number of smokers switch it could spell disaster for many high tax states around the nation. 

Then we discuss the Google Clown Car, The Electric Pedicab in New York being under attack, Comrade De Blasio's chronic lateness and his bid for the presidency, the upcoming inter-generational battle that's brewing and our nation of Peter Pans, Gold and Silver prices and much more...

Direct download: TLR_384.mp3
Category:general -- posted at: 3:10 PM
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Bruce D. Price explains exactly what's wrong with education in America today. Common Core is just a rehash of every failed idea that's been tried for the past 25 years and will meet with similar results. Self-esteem isn't a substitute for learning. There's a definite plan for failure in today's schools and it's been very effective. Bruce has been writing about education for decades and he explains what needs to be done and why it isn't being done now. 

Direct download: Bruce_D_Price_18.May.15.mp3
Category:general -- posted at: 7:31 PM
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Exactly two years after the IRS first admitted improperly scrutinizing Tea Party groups, congressional investigations into the tax agency show no sign of drawing to a close anytime soon.

 

Congressional Republicans say they are deeply irritated that they haven’t finished off the investigations launched after Lois Lerner apologized for the IRS on May 10, 2013, and insist that President Obama’s Justice Department has stonewalled their efforts. Why are these probes left unfinished? Is it a government problem?

Direct download: Don_Mazzella_18.May.15.mp3
Category:general -- posted at: 6:25 PM
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David Gurwitz joined us today. Gold and silver are looking very good through the end of August. After that it's uncertain and it could test new lows. Nat Gas is looking strong the next year. Oil is uncertain. Dollar is looking weak. More to come from David and Charles. Stay tuned. 

Direct download: David_Gurwitz_18.May.15.mp3
Category:general -- posted at: 5:30 PM
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Once cash is outlawed the government will be in complete control of your financial decisions, or so they think. When they want you to spend more, they turn up the pressure to spend and when inflation starts heating up they'll turn it down. However, man is very ingenious and will come up with a way to beat the bankster, guaranteed! Whether it's with gold and silver or with gift cards the law of unintended consequences will prevail!

Direct download: John_Rubino_18.May.15.mp3
Category:general -- posted at: 4:33 PM
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American freedom is being gutted. Whether we are trying to run a business, practice a vocation, raise our families, cooperate with our neighbors, or follow our religious beliefs, we run afoul of the government—not because we are doing anything wrong but because the government has decided it knows better. When we object, that government can and does tell us, “Try to fight this, and we’ll ruin you.”

In this provocative book, acclaimed social scientist and bestselling author Charles Murray shows us why we can no longer hope to roll back the power of the federal government through the normal political process. The Constitution is broken in ways that cannot be fixed even by a sympathetic Supreme Court. Our legal system is increasingly lawless, unmoored from traditional ideas of “the rule of law.” The legislative process has become systemically corrupt, no matter which party is in control.

Direct download: Charles_Murray_18.May.15.mp3
Category:general -- posted at: 4:30 PM
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Mike Dana is a law enforcement officer who's been chasing identity thieves for years. Now he's now one of the Identity Theft Warriors. Until KeepMyId.org came along consumers were really at a major disadvantage. Your information is out their, just waiting for the identity thieves to strike. Mike has been there helping to pick up the pieces and it ain't a pretty picture. That's why he's working with the good guys to help put an end to it. 

Direct download: Mike_Dana_15.May.15.mp3
Category:general -- posted at: 7:38 PM
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As a prosecutor in Texas, Brandon McCarthy watched as identity theft became an overnight epidemic. He was outraged over the horor stories he encountered on an almost daily basis. He knew that he could only prosecute only some many of the miscreants. That's when a light bulb went off and he started KeepMyID.org. It's not monitoring a service like the big credit reporting agencies offer, so you can watch you identity get stolen and then run to the police or FBI. Rather it actually prevents the identity thieves from stealing your identity in the first place. There's nothing else out there quite like it. As Brandon says, "Your information is already floating on the internet and you're basically a sitting duck just waiting for someone to get ahold of it and start abusing it." Why wait, take action now and beat the identity thieves to the punch! Go to KeepMyID.org. 

Direct download: Brandon_McCarthy_14.May.15.mp3
Category:general -- posted at: 4:42 PM
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