John writes, Of all the problems with fiat currency, the most basic is that it empowers the dark side of human nature. We’re potentially good but infinitely corruptible, and giving an unlimited monetary printing press to a government or group of banks is guaranteed to produce a dystopia of ever-greater debt and more centralized control, until the only remaining choice is between deflationary collapse or runaway inflation. The people in charge at that point are in a box with no painless exit. 

As further proof, just look at today, the dollar index is over 89 and the rest of the world's major/minor currencies are sinking. 

Direct download: John_Rubino_08.Dec.14.mp3
Category:general -- posted at: 5:13 PM

Jerry Molen, well known Hollywood Producer, joined us today. He believes, like so many, that runaway greed is destroying the nation. The problem is, How do we stop it? Unfortunately, there's no easy answers. Our leaders have sold us down the river and they're too busy lining their own pockets to care about what happens to the country. Until the people rise up and refuse to accept the current state of affairs, nothing is going to change. 

Direct download: Gerard_Molen_05.Dec.14.mp3
Category:general -- posted at: 10:02 PM

Sometimes our problems are so difficult that it calls for a rocket scientist to come up with a solution. That person might just be Dr. Robert Needham, author of Collaborative Commonwealth. Dr. Needham believes that we need to go back to the future and reimpose a Confederacy of the States, a Commonwealth, where individual rights are supreme and the power resides with the people. He's exciting to listen to and is one of those people that you need to watch, because it's all about what's next. 

Direct download: Robert_Needham_05.Dec.14.mp3
Category:general -- posted at: 9:02 PM

John Butler first came on FSN in January of 2012 making the then outrageous claim that the world was headed for the reimposition of a gold standard. It's nearly three years later and things are getting interesting. John believes that Russia should start backing its paper, both debt and currency, with gold to reverse the negative effects that the sanctions and currency wars have had on the Ruble. We all know that they've got the gold to do it, but are the willing to give up control over their monetary policy? Is any country? The Swiss recently refused, will the Russians decide otherwise? 

Direct download: John_Butler_05.Dec.14.mp3
Category:general -- posted at: 9:00 PM

Alan M. Newman has been writing his Cross-Currents Newsletter for decades. While primarily dedicated to stocks, since 9-11 he's become a gold bull. Still investing in stocks, he's a believer in gold and gold stocks, as well as the resource sector. He thinks that by virtually any measure, the stock market is over valued. Eventually this has to correct itself in the form of a crash. Alan says the best way to protect your portfolio is to convert some of it into cash now, before it's too late. You can't get every last percent of the upside in the markets and you're foolish to even try. You can never lose money taking a profit. 

Direct download: Alan_M_Newman_04.dec.14.mp3
Category:general -- posted at: 7:14 PM

Ned Schmidt joined us today. Seems that China has opened up it's stock markets to the world and this is going to have a profound effect on investment flows. Now investors from around the world will be able to buy Chinese Stocks. The money is already starting to flow. If you didn't notice, China has restated its GDP and it is now the largest economy in the world. Ned mentioned that corn has bottomed and will be heading higher next year. He believes that oil will stay where it is for another year. Those farm animal drug stocks that Ned has been talking about for the past year have taken off recently. Lots more to learn about from Ned. In fact, Ethanol ain't so bad. 

Direct download: Ned_Schmidt_4.Dec.14.mp3
Category:general -- posted at: 7:07 PM

We talked with Tom Cloud today about precious metals price trends. Still more of the same with the slam down and rebound after the defeat of the Swiss gold referendum. If you remember, Tom had given us a heads up last month. Seems that Paypal was given orders to stop the flow of donations to the pro-gold supporters. Evidently that was their primary source of support and it hindered their efforts to get the word out. Nonetheless, gold rebounded very strongly after the defeat and we're on to the next Black Swan. Tom also discussed the short supply of Yellow Diamonds. Seems like most other things of value, the Chinese are buying them like there's no tomorrow. 

Direct download: Tom_Cloud_03.Dec.14.mp3
Category:general -- posted at: 10:31 PM

Don Watkins takes on the collectivists and Steven Rattner who claim that the key to solving income inequality is taking more from society's successful and most productive members. Rather than bringing down the top 10 percent, Don believes that opportunity must be increased for the 90 percent. Redistribution schemes and raising the minimum wage is not going to make society wealthier, only by increasing productivity will society's wealth as a whole increase. 

Direct download: Don_Watkins_03.Dec.14.mp3
Category:general -- posted at: 6:36 PM

Peter Schiff joined us today. His article today berates the Fed for their goal of achieving to 2 percent annual inflation. Since when did inflation or the loss of purchasing power become a laudable goal? Deflation or the increase in the dollar's purchasing power is what the Fed should be aiming for. When productivity goes up so does the standard of living. 

On bitcoin Peter believes that it won't end well. He's sees no iherent value in the cryto-currency. Now that its value has been going down, Peter thinks that the public's appetite for the currency will diminish and as will its value. 

Direct download: Peter_Schiff_03.Dec.14.mp3
Category:general -- posted at: 6:24 PM

Rituparna Basu is the Ayn Rand Institute's expert on healthcare policy. She's grateful to MTI's Jon Gruber for speaking the truth about the Affordable Care Act (Obamacare). Collectivists always view the rest of us with contempt and Gruber, as the chief architect of Obamacare is no exception. Beware of collectivists bearing gifts, because someone's got to pay for them and it's not going to be the wealthy or the poor. Rather it will be the average American who picks up the tab and pays the ultimate price. 

Direct download: Rituparna_Basu_02.Dec.14.mp3
Category:general -- posted at: 12:28 AM

Danielle Park, esteemed portfolio manager and investment expert sees the plunge in oil and commodities as totally predictable and foreseeable. The same with the eventual plunge in stock indexes. While the experts on Wall Street only see buying opportunities, Danielle always prefers to wait for the inevitable shake-out to occur and then she likes to invest in quality issues at bargain basement prices. She believes that day is soon coming to the major markets, which is why she thinks that it's a good time to be hoarding cash. Before you dismiss her sage advice, remember that she's been calling for a decline in commodities, especially oil and copper for quite a while. Bet against her at your own peril. 

Direct download: Danielle_Park_02.Dec.14.mp3
Category:general -- posted at: 11:56 PM

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

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

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

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

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

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

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

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

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

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

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

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

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

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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