Andy Hoffman's weekly rant on the Financial Survival Network has become a regular feature. We got so much positive feedback and so many emails that we had to respond. Today we discuss the The Three Card Monty Economy, where every publicly traded market is rigged by central banks and governments around the world. Whether its stocks, bonds, pork bellies or gold and silver, you can be sure the heavy hand of government is attempting to tilt the scales in someone else's favor. That doesn't leave much for the little guy, other than gold and silver.

The Federal Reserve shelled out over $16 trillion to keep the economy a float during the 2008 Crash. How much more will it take this time? Andy comments that new entities are being created almost daily and virtually no one knows who they are and what they do. Now they're talking about a new government for Europe. What's next? What we do know is that the fundamental problems are not being resolved and they won't be so long as the system remains as it is now. The system is the problem and kicking the can down road, only works for so long. Evenutally the debts come due and no one has the cash to pay them.

Please send your questions to kl@kerrylutz.com or call us at 347-460-LUTZ.

Direct download: Andy_Hoffman_12-6-11.mp3
Category:general -- posted at: 4:10pm EDT
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The United States has run up a cumulative $7.5 trillion Trade Deficit. The last time the country ran a trade surplus was in 1976. Nixon closed the Gold Window in 1971. Do you believe it's just a coincidence that the rise of an un-backed Fiat Dollar and the rise of the Trade Deficit haapened so close in time? The Country has been in a pronounced economic decline since the 1970's and when the Gold Window was closed. Since then the money supply has increased many times as has inflation.

While living standards have declined, so  has domestic energy production. This has exacerbated the Trade Deficit and has cost consumers countless billions. The ability to print up currency and dump it on a willing world, in exchange for their production, has enabled the Government to present the illusion that things are alright. But look at the dying industrial cities in America. Detroit, once a paragon of industrial success, has fallen upon hard times. The average Detroit home is going for $6,000, only 25 percent of students graduate from high school and unemployment among men has reached nearly half of the work force.

Such trade imbalances were much less likely to occur under a Gold Standard. Countries were not likely to allow complete depletion of their gold reserves. Fiat currencies can keep being produced regardless how bad the imbalance becomes. Then it is up to the trading partners to decide whether or not to accept the currency. At some point enough will be enough and it will be game over.

Please send your questions to kl@kerrylutz.com or call us at 347-460-LUTZ.

Direct download: Triple_Lutz_124.mp3
Category:general -- posted at: 12:57pm EDT
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We review Michael Connelly's, the master detective novelist, latest effort The Drop, another Harry Bosch novel. Michael has been writing detective novels for twenty years. His portrayal of Harry Bosch, the rebellious, brilliant and tough as nails LAPD Homicide Detective is always riveting. When Bosch is on the scent, he will leave no stone unturned to find the responsible party and see that they wind up spending the rest of their life behind bars or six feet under.

Connelly works with many LAPD insiders in painting a scene of police politics and intrigue, that Bosch is somehow always able to surmount and solve the case,  despite unwarranted interference and meddling from the Brass. Harry's credo is "Everyone counts or nobody counts." Murder victims from the lowliest element of society to the upper echelons of the ruling class receive Harry's undivided attention and unrestrained efforts to close the case. And no one stands in Harry's way.

Whether you get the audio book or the printed edition, Bosch novels always keep you at the edge of your seat and the endings are always unpredictable.

Please send your questions to kl@kerrylutz.com or call us at 347-460-LUTZ.

Direct download: Triple_Lutz_123.mp3
Category:general -- posted at: 5:27pm EDT
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Millionaire taxes wind up costing everyone more. Jay Hancock of the Baltimore Sun cannot understand why the State of Maryland is rapidly becoming devoid of the dreaded Millionaire. He can't fathom why a little thing like a 25% increase in Millionaire income taxes could possibly encourage wealthy citizens to flee the State for more Millionaire friendly climes. And Hancock is part of the problem. He, like his state's leadership, doesn't understand that self-employed high networth citizens are fleeing high tax jurisdictions all over the country.

California, New York, New Jersey, Massachussets, Connecticut, Rhode Island, Illinois are all seeing these people depart for friendlier low/no income tax states such as Texas, Florida, Tennesse, Washington State and New Hampshire. Whatever your preference for climate, location or quality of life, there's a lower tax state inviting you to flee. It will evenutally get to the point where the only people left in these high tax states will be those who can't get out.

In the past decade, lower taxing states have far outgrown high tax states, both in population and economic performance. The last state to impose an income tax, Connecticut, has seen job growth fall to dead last of the 50 states. There must be a reason!

Please send your questions to kl@kerrylutz.com or call us at 347-460-LUTZ.

Direct download: Triple_Lutz_122.mp3
Category:general -- posted at: 3:22pm EDT
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David A. Banister of www.ActiveTradingPartners.com and www.TheMarketTrendForecast.com  joins us for a lively discussion on why gold and silver are now as low as they're ever going to be, and why it's a good time to buy--for many reasons. David is a student of history and understands that while bubbles come and go, the market is the market. One of his favorite titles is Extraordinary Popular Delusions and the Madness of Crowds,  first written by Chalres Mckay in 1841.

David uses a number of different technical analytical methods, but they are all firmly grounded in fundamental reality. Most importantly, David has called virtually all of the major market trend points during gold's lengthy bull market. He's calling for $2300 gold very shortly, which has the main stream financial outlets in a frenzy.

We discuss the new meme on the mainstream financial media outlets, which is the so-called Risk Trade. As someone who's been in the markets for many years, there's no such thing as a trade that doesn't come with some measure of risk. Right now, there are people who consider being invested in cash and bonds as among the riskiest trades out there.

Please send your questions to kl@kerrylutz.com or call us at 347-460-LUTZ.

Direct download: David_Bannister_12-5-11.mp3
Category:general -- posted at: 12:14pm EDT
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Direct download: Triple_Lutz_121.mp3
Category:general -- posted at: 2:28pm EDT
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A security researcher, Trevor Eckhart, recently made a startling discovery. Hidden inside every Android and iPhone is a program called Carrier IQ (CIQ), which is capable of monitoring virtually everything you do on a SmartPhone. And then it has the ability to send all that data back to your wireless carrier and then who knows where it will wind up and how it will be used. Perhaps these phones have become too Smart for our own good.

This is our worst nightmare potentially being realized. With our freedoms being eroded at a rapid rate, this is a biggie. A cellphone is an incredibly personal device that we all assumed was private. Now we find out that even if, Big Brother or Big Sis (Janet Napolitano-Secretary of Homeland Security) haven't actually been listening, they could have been. There's percious little that you can do to disable this program, even if you knew it was working.

CIQ claims that it's all being done for our benefit, to help carriers improve the quality of the service they deliver. Well that makes me feel much better. Perhaps now my calls will no longer be dropped when I pass by a bird feeder or go over a long suspension bridge. The carriers, the phone manufacturers and all responsible parties need to be investigated and punished accordingly.

Please send your questions to kl@kerrylutz.com or call us at 347-460-LUTZ.

Direct download: Triple_Lutz_120.mp3
Category:general -- posted at: 5:30pm EDT
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Gary Wagner has been a trader and a market technician for over 25 years. In early in 2009 he began to focus his attention on one market: Gold. The yellow metal, gold, began to rally in 2008, but Gary knew the best was yet to come. He believed that gold was poised for an incredible and explosive upside move. Thus the GoldForecast was born. Gary's daily video newsletter is always interesting and often profitable. He uses a combination of fundamental and technical analysis.

We talked about the invention of paper money by the Chinese in the 10th century and their invention of inflation in the 14th century. Perhaps history doesn't always repeat itself, however, it is rhyming in many chords at the present time. Too many promises have been made without any regard to the abilities of governments to honor them. Gary is by his own admission, "A half full kind of guy," and he believes that humanity will find a way to avert out and out global economic, social and political disaster. However, he believes that the solution will be hard won and very difficult to attain and will be done in the face of disaster. 

Hopefully, Gary is correct in his assessment, but he's still intent in his belief that everyone should be buying to gold as it will continue to dramatically appreciate in price.

Please send your questions to kl@kerrylutz.com or call us at 347-460-LUTZ.

Direct download: Gary_Wagner_12-2-11.mp3
Category:general -- posted at: 4:32pm EDT
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Chris and Kerry continue their conversation on the death of the Fiat Money System. Europe and its large banks have been saved once again, but the end result can never be in doubt. Chris believes that we should all be opting out of the bankrupt system by holding physical silver. There's going to be a lot of chaos, which is bad in the short term, but in the long term a new system will be created that will reward producers and savers. The financial ruling elites are at the rope's end and it won't be long before the non-stop money printing and market manipulation ends in failure. History has shown that inflation can never bring about prosperity, but rather it sometimes brings about the illusion of prosperity for various periods of time. But eventually the debt comes due and there's no money left to pay it, or the money that is left has completely lost its value.

Hyperinflation is the likely result of massive Central Bank interventions. Jim Sinclair calls it QE (Quantitative Easing) to Infinity. Others call it wealth confiscation on a mass scale. Or taxation without legislation.

Please send your questions to kl@kerrylutz.com or call us at 347-460-LUTZ.

Direct download: Chris_Duane_12-1-11.mp3
Category:general -- posted at: 1:07pm EDT
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Bob is back! He brings the latest info on what's really happening in Europe, why the bank bailout will be good for a year at the most and why you need to be acquiring gold, silver and the shares of quality mining companies. Bob's been at it for over 50 years, trading the markets, acquiring precious metals and freely and lovingly dispensing advice. He has studied history and understands exactly what's going on now. He believes that the global financial elite has a plan in place to completely dominate and control all of the world's inhabitants. Unfortunately for them, the plan has come off the rails and the collapsing Euro may very well be the "nail in the coffin." We can only hope.

The US Senate has passed S. 1867, which allows the pursuit of terrorists, both American and non-American in virtually any location within the United States. This is yet another example of creeping totalitarianism, which has been well underway for decades. The major media has deliberately failed to inform the American Public of this outrage. It's just a matter of time until we wake up one day with no freedoms and no constitution.

Please send your questions to kl@kerrylutz.com or call us at 347-460-LUTZ.

Direct download: Bob_Chapman_12-1-11.mp3
Category:general -- posted at: 1:08pm EDT
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Chris Vermeulen a/k/a The Gold and Oil guy explains that traders are made not born. Having an iron constitution, the ability to control one's emotions as well sound money management is the key to being a successful trader. So many people attempt to trade the markets without having the right information or a disciplined strategy. Chris has a group of people who follow his methods and have been highly profitable. He describes that aha moment, when a student becomes a trader. It just requires, discipline, patience and position management.

Chris sees gold and silver prices on an ever upward trajectory. Central Banks' efforts to paper over the continuing crisis will ultimately fail. He's not a believer that society will devolve into an episode from Mad Max and Beyond Thunder Dome. Rather a new system will ultimately be devised to facilitate world trade and avoid a complete social breakdown.

Chris's successful experience makes him someone worth listening to. Always look to those who have succeeded when you're looking for a profitable system to earn profits.

Please send your questions to kl@kerrylutz.com or call us at 347-460-LUTZ.

Direct download: Chris_Vermeulen_11-30-11.mp3
Category:general -- posted at: 11:54am EDT
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Last night I was fortunate to see Rush Limbaugh Live. The show started late due to the Occupying Wall Street folks demonstrating across the street from the theatre. But then the rain came and they left. Rush later commented that, "It was good that they were here tonight, since they finally got a shower." When the show finally started, the Maja Rushie arrived to a standing ovation and wild applause. He proceeded to launch into his usual litany of liberal bashing, which never seems to get old. He expressed true concern and a bit of fear for the United State's future.

Rush is the master of the medium. He is the undisputed king of talk radio and for good reason. Every day millions of people listen intently while he explores that latest developments on the political landscape. He is poised, has incredible mastery of the spoken word, is funny and an amazing storyteller. These qualities have garnered him great success in life, for which he should be applauded by all. His standing in the media is no accident and is certainly not due to his audience's lack of intelligence or their impressionability. He entertains without being an entertainer, a difficult feat at best. He is all-American and believes passionately in American Exceptionalism and the American Dream.

While we all know that he is sincere in his beliefs, I believe he has missed a deeper problem in society and the world at large. The lack of sound money and the corrupt fiat monetary aristocracy. But at some point he will see the light and we look forward to that day. 

Direct download: Rush_Limbaugh_Review_11-30-11.mp3
Category:general -- posted at: 6:56pm EDT
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