During the mortgage meltdown, a small number of outlier hedge fund managers and other dubious financial types made a killing shorting the housing market. Michael Lewis immortalized their tale in his book and subsequent movie The Big Short. However, while the housing bubble was in its final stages, The Real Big Short was actually under way. Around the world, individuals and companies believing the end of the US Dollar was imminent, bet accordingly. They borrowed huge sums denoted in dollars, figuring that they could pay them back in drastically depreciated currency units in the future. Effectively, the entire world went short the Dollar and now the folly of their actions has become clear. No one could have foreseen the Dollar would dramatically appreciate, thus causing a massive short squeeze and costing trillions as a result.

Perhaps one day, Michael Lewis will write a book about it and document another small group of fund managers who saw it all coming and profited accordingly, if he can find them!

 

Direct download: Danielle_Park_08.Mar.16.mp3
Category:general -- posted at: 5:28pm EDT
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James says that we are truly in uncharted waters. The Media, Republican Establishment and Hollywood have all united against the insurgent campaign of Donald Trump. Will it work? Does Rubio have a chance? How about Ted Cruz? And why has Mitt Romney stuck his nose into it? He was roundly rejected in 2012 and now he thinks he has a shot? James believes that it's a suicide run for the Republican Party if they actually deny Trump the nomination. There's much uncertainty and craziness in both parties this year. It's definitely one for the books. 

Direct download: James_Hirsen_07.Mar.16.mp3
Category:general -- posted at: 9:33pm EDT
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Nick Santiago has been an astute market observer and trader for many years. Now he's guardedly optimistic about precious metals. He'd like to see gold trade sideways for a while, which he believes will set up the next advance. He's thinking that $1400 by the year's end isn't unrealistic. But either way, Nick will be trading a downward trending stock market and he doesn't see much good in the offing for oil either. 

Direct download: Nick_Santiago_07.Mar.16.mp3
Category:general -- posted at: 1:33pm EDT
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John writes, "The Bank For International Settlements just released a report stating that the spread of negative interest rates hasn’t caused the world to end. From this morning’s Bloomberg: 

'Negative interest-rate policies currently in use by central banks around the world have worked through their respective systems in much the same way as positive rates, though it’s not known how far below zero that would continue to be the case, the Bank for International Settlements said. 

In its quarterly report published Sunday, the Basel-based “central bank for central banks” said that “so far, zero has not proved to be a technically binding lower limit for central bank policy rates.”

The BIS’s verdict on negative rates gives backing to the European Central Bank, the Bank of Japan and others at a time when such unconventional methods are facing increasing criticism for their potential impact on the financial industry and currency markets. A sell-off in European bank stocks this year was partly driven by fears that further rate cuts by the ECB would damage profitability in a sector still recovering from the debt crisis.'"

Direct download: John_Rubino_07.Mar.16.mp3
Category:general -- posted at: 1:25pm EDT
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Dan Ameduri knows the precious metals markets. He's becoming more optimistic as the gold price continues to show surprising strength and stays close to its 52 week high. Dan's a partner of FSN and an expert in mining stocks. He says we've seen more money pour into the sector than we have in years. There's been a major rally in the senior miners and a strong rally in the stronger juniors. He's bullish on Brazil Resources (TSX.V BRI--OTC BRIZF) and actually owns shares in the company. They have 10 million ounces of gold in the ground. Marin Katusa told Dan that they've also got a uranium project that could justify the market value of today.

Direct download: Dan_Ameduri_02.Feb.16.mp3
Category:general -- posted at: 9:00am EDT
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As if we needed more proof of New York City's impending fail, this just came in--New York County DA Cyrus Vance, Jr. announced that his office would no long prosecute offenders who are caught urinating in public, engaging in public consumption of alcohol and a number of other low level offenses. Since Comrade DeBlasio took over as mayor, The City Council has been pushing to decriminalize these acts. (See NY Observer Article)

Now it appears that Vance has done the dirty work for them. However, take heart, the offenders can still be issued summones and will be arrested if they have outstanding warrants. Mr. Vance spun his moves as an efficiency measure that will enable his office to concentrate on serious crime and it will reduce the DA's and  Courts' overburdened docket. Note, this is policy applies to just one of New York's 5 boros, but how long will it be until the others adopt this work saving measure?

Gold just broke the 1263 resistance point, is the confirmation of a new bull market in the precious metals sector? It could very well prove so, I'll be convinced when it breaks 1300, even though that number has less technical significance. 

A former drug dealer/federal prisoner proves that you can learn valuable skills in prison and be rehabilitated. Joe Roddick learned poker in prison and became a professional high stakes player upon his departure. He's now proven that there's life after prison, becoming a millionaire in the process. 

Please end the Republican campaign and just acknowledge that Trump is the winner. Can't stand another one of these debates!

And much, much more...

Direct download: TLR_399.mp3
Category:general -- posted at: 2:27pm EDT
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After generations of bubble blowing we've arrived at the point where the majority of the public has repudiated the political establishment. Chris isn't surprised that we've gotten to this point. Even the Wall Street Journal has become the keeper of the status quo. Trump has the elites tied up in knots. They know they can't control him and they've got trillions riding on this election. Trump dominates the media and controls the narrative. If we peel away the layers we see that there's extreme discontent across the country. But Chris is concerned about voter fraud and the ability to steal elections. 

Direct download: Chris_Martenson_02.Mar.16.mp3
Category:general -- posted at: 11:04am EDT
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Eva Rosenberg is the TaxMama. Over 30 years ago she started a temporary gig working with people on their tax woes. Soon thereafter, it became a passion and a career. She started a site to help you avoid ever having to get into trouble with the IRS. During her decades of tax experience she has done a lot of tax trouble-shooting, helping people fix bad audits or reduce enormous tax debts, or to get IRS levies removed from wages and bank accounts. In most of the cases the problems could have been avoided fairly easily, but through inaction, stinginess, fear, or sheer cussedness, people got themselves into such big trouble – the stuff of nightmares. Don’t let it happen to YOU.

So, please, before making any major financial decisions, please sit down with your own tax professional. If you don’t have one, or would rather not do that – then come to us. We’ll do our best to give you our wisdom. We’ll give you legal strategies and tips. We’ll show you where to look or how to research your situation.

Direct download: Eva_Rosenberg_02.Mar.16.mp3
Category:general -- posted at: 10:58am EDT
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It was a big month for Gold up 10.7% and Bitcoin up 14.3%. Energy down, especially Natgas, which lost a whopping 27.8% closing out the month at $1.66. Dow was basically flat and the TSX.V had a nice 8% move. The USD lost 1.3% percent. The 10Yr hit 1.74, a level not seen in a long time. Volatility is on the upswing and could very well continue into the foreseeable future. 

Direct download: Mickey_Fulp_01.Mar.16.mp3
Category:general -- posted at: 4:10pm EDT
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In life it's the Dogs that Don't Bark are the ones that bite you on the rear. The financial bust of 2008-09 is a perfect example. It was obvious and yet it was almost universally unseen. It was right under everyone's nose and yet it was virtually universally ignored. The obvious is always the least suspicious. Jason calls it absence blindness. And he has a strategy for avoiding it and saving yourself when everyone else is getting creamed. 

Direct download: Jason_Hartman_02.Mar.16.mp3
Category:general -- posted at: 2:04pm EDT
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Wipeout Wednesdays with Andrew Hoffman:

Today, I wrote "which of the Big Three PPT's will fail first - oil, gold, or stocks?"

Just focus on keeping the Dow Averages up. Keep the oil prices up. Whistle past the cemetery. 

Following up our "eye of the hurricane interview from last week," the downward pressures on nearly all asset classes are only accelerating, whilst the upward pressures on Precious Metals are going parabolic.

Direct download: Andy_Hoffman_02.Mar.16.mp3
Category:general -- posted at: 11:07am EDT
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Dave Bego is a well known business owner who fought aggressive union organizers and won. He's now at the vanguard of the Freedom to Not Choose Union Membership Movement. They just scored a huge victory when West Virginia became the 26th state to pass Right to Work legislation. And there's more states on the way including Missouri and Kentucky. But there's a dark lining to this silver cloud, a major union case pending in the SCOTUS will probably not be decided due to the death of Justice Antonin Scalia. 

Direct download: Dave_Bego_01.Mar.16.mp3
Category:general -- posted at: 3:42pm EDT
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Noted real estate expert from Florida, Jason K. Roberts joined us today. He's rightly concerned about the diminishing future opportunities for the middle class and their progeny. New business formations were exceeded by businesses shuttering their doors, for the first time in recent memory. Jason proposes a number of common sense alternatives for those who are willing to act before it's too late. 

Direct download: Jason_K_Roberts_01.Mar.16.mp3
Category:general -- posted at: 2:51pm EDT
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You're no doubt aware that under Obamacare, there's only a three month window for you to change your health insurance company. This leads to a mad scramble to find the best possible policy at the most favorable price. However, because Liberty HealthShare is a healthcare cost sharing ministry, it is exempt from the enrollment window as well as the penalties for failure to cary health insurance. For myself, I'm saving over $1000 per month on the policy I used to own. This explains why Liberty HealthShare is growing by leaps and bounds and why they just passed 20,000 membership households.

Direct download: Dale_Bellis_29.Feb.16.mp3
Category:general -- posted at: 9:04pm EDT
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Aaron Clarey, also known as Captain Capitalism, has been busy. He took a long motorcycle trip around the South and even tried out a donkey ride while he was at it. But he didn't miss a beat when it came time to his valued clients at assholeconsulting.com. He specializes in giving direction to lost millennials and heaven knows he'll never run out of takers. He also found time to publish a new book, Curse of the High IQ, which is pretty much self-explanatory. Talk about enjoying the decline!

Direct download: Aaron_Clarey__29.Feb.16.mp3
Category:general -- posted at: 5:13pm EDT
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When it comes to the precious metals markets there's no more astute observer than Craig Hemke a/k/a Turd Ferguson. And he's not convinced that the rally in precious metals has legs. Until gold smashes the upper end of the channel, which is $1263 per ounce, Craig is a skeptic. It's just that he's seen it so many times before. And hope is not a successful investment strategy. So you've been warned. 

Direct download: Craig_Turd_Hemke_29.Feb.16.mp3
Category:general -- posted at: 4:51pm EDT
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John brought to our attention today that famed resource investor Rick Rule believes that it's now safe and probably even profitable to start buying miners again. Rich has been bearish on the sector for many years now. His change of sentiment is notable because of his prior record of success in mining stocks. This could be yet another indicator that the precious metal sector has turned. 

Direct download: John_Rubino_29.Feb.16.mp3
Category:general -- posted at: 12:34pm EDT
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Daniel Greenfield writes, "Hillary Clinton is her own worst enemy. Just as Bill Clinton's worst impulses did more to sabotage his presidency than any Republican, his wife's worst impulses have always undermined her. Some couples balance out each other's weaknesses, but Bill and Hillary enable each other's misbehaviors. While Hillary enabled her husband's abuse of women, Bill enabled her paranoia and obsessiveness."

Now her flailing campaign is retreating into paranoia and conspiracy theories. The Intelligence Community Inspector General, an Obama appointee, is accused of conspiring with Republicans. The rise of Bernie Sanders is being attributed to “dark money” and political enemies by Clintonworld.

Hillary Clinton has a longstanding tendency to turn to a dark conspiratorial mindset when things don’t go her way. She blamed her husband’s affair with Monica Lewinsky on a “vast right-wing conspiracy”. Her close friend’s papers reveal that Hillary thought Bill had been “driven” to the affair by his “political adversaries”.

It was easier for Hillary to blame her husband’s misbehavior on Republicans than to deal with reality. And her campaign is showing that her worldview hasn’t changed any since then.

Direct download: Daniel_Greenfield_25.Feb.16.mp3
Category:general -- posted at: 10:43am EDT
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Lowell Ponte's new tome We've Seen The Future and it Looks a lot Like Baltimore explores the direction in which the country is heading and what you can expect to occur. Freedom of movement will be greatly restricted. Your ability to renounce your citizenship will be priced beyond affordability. And mass unemployment will become the rule, not the exception. The future does indeed look bleak, but all is not lost. 

Direct download: Lowell_Ponte__25.Feb.16.mp3
Category:general -- posted at: 10:41am EDT
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When Dan Pilla was young his family's business was seized by the IRS. Later they attempted to grab the family residence. Dan, then only 19 years old, went to court and successfully stopped them in their tracks. Thus began his 30 year career of helping people successfully challenge the agency. He's written 15 books and is a wealth of knowledge on the subject. 

Direct download: Dan_Pilla_25.Feb.16.mp3
Category:general -- posted at: 10:36am EDT
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We spoke for the first time with Frank Holmes. He is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors.

Frank recently wrote about the war on Monopoly Cash. The esteemed board game is going cashless, resorting to a scanner and "credit cards." Which is a metaphor for society as a whole and the world economic system. The War on Cash has many faces and many players, but the result will be the same, kiss your greenbacks goodbye!

Direct download: Frank_Holmes_23.Feb.16.mp3
Category:general -- posted at: 10:10am EDT
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Where do we do from here Wednesdays with Andrew Hoffman. 

PMI down to 49.8 just minutes ago, way below expectations of 53.7. Jack Lew says no crisis response, right...

End of the stock, high-yield, and commodity "dead cat bounce" - and the beginning of the "end game."


Tonight's "most important conference call ever" - from David Stockman
Cashless society, BrExit, and the approaching age of draconian, Orwellian government
Looming PM shortages, as demand has exploded higher in recent weeks
Etc., etc.

Direct download: Andy_Hoffman_24.Feb.16.mp3
Category:general -- posted at: 9:55am EDT
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Leslie Pappas wrote the book on 1031 Real Estate Exchanges. She goes through the steps that can you help avoid taxes on gains from Real Estate that you've sold at a substantial profit. It's not hard to do, but there's a number of steps that you need to take to avoid the tax ax from falling upon you. 

Direct download: Leslie_Pappas__09.Feb.16.mp3
Category:general -- posted at: 6:16pm EDT
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Danielle joined us today. Why wasn't debt paid down when times were good? When the economy was going well, everyone was congratulating themselves for their brilliance. However, when the economy is going down, they're not taking any responsibility for it. These Masters of th Universe. While everyone is claiming that no one could see the oil crash coming, that's incorrect, numerous people did see it coming, along time ago. Where we head from now is the important issue. Will we learn from history? 

Direct download: Danielle_Park_23.Feb.16.mp3
Category:general -- posted at: 5:25pm EDT
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Arch Crawford the noted astrological financial forecaster joined us today after a long hiatus. He's down on the share markets but finally is seeing the possibility of a long overdue precious metals rally. There's so much uncertainty in the world with financial disruptions a possibility and potential wars ready to break out all over, it's certainly worth having a PM position. 

Direct download: Arch_Crawford_23.Feb.16.mp3
Category:general -- posted at: 4:47pm EDT
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