Kerry Lutz's--Financial Survival Network

Andrew Amato run Dronelife.com. He's concerned about the FAA's current proposal to register drones. First, the FAA has failed to answer the question of what a drone is? Next, there are no privacy protections are in place for registrants. It's important that the government doesn't stifle this growing industry that could shortly contribute billions to the economy. No one can say for certain what's next in the drone industry. 

David Gurwitz of Charles Nenner & Company joined us for a review of 2015 and the accuracy of their calls. There were many correct calls for the year, chief among them, a forecast of a flat stock market, which has come to pass. Oil's price call was pretty spot on, but NatGas wasn't close. With a few minor exceptions, Nenner & Company was alarmingly accurate. Listen to the interview to find out what they're expecting for 2016. 

What's going to implode next Wednesday's with Andrew Hoffman:

The upcoming (likely) "rate hike"
-What on Earth is the Fed thinking, as everything it is "data dependent" on is going the wrong way
               -collapsing global economy
               -40-year low commodity prices, record low Baltic Dry Index
               -horrific holiday spending
               -imploding currencies
               -record, exploding debt levels

We are living in the Three Card Monte economy. Wall Street deals the cards and the public is the sucker. But there's still opportunity. The market appears to have to put in a top. The whole world is being carried by the Lunatic Stocks a/k/a high fliers. Fundamentally, China is a imploding, Europe is imploding and America probably isn't far behind. So what's an individual to do?

John writes, "For a while there, companies deemed to be highly risky were nonetheless able to borrow money for less than 6%. And borrow they did. Frackers, ultra-high-leverage retail chains and various other close-to-the-edge entities slurped up trillions from yield-starved investors who had forgotten about the other side of the risk/return equation. 

That this hasn’t worked out so well is not much of a surprise. But the speed with which it has gone bad is still breathtaking. The following chart from Bloomberg illustrates just how fast an illogical market can be brought back to reality."

Took the on-off bus ride. Lots of fun and gave me a great perspective on the near universal ruin the dots the hillsides. Saw the expropriated Havana Hilton. It had the best wifi connection in the City that I encountered. The bicitaxi I road back to the apartment on crashed while I was in it. Got a nice bump on my head. Where do I sue? 

I went on a breathtaking tour of Havana, personally observing Communism's staggering legacy. The monuments to the Revolution are amusing and quite quaint. Now the people want change and they want freedom. Cellphones are prevalent but no wifi for you! Wonderful people with great attitudes. They are happy to see Americans. Havana's charm is incredible, despite the horrid conditions. And a great cigar factory tour, the workers rob the place blind! Viva la revolution!

"Kerry is in Havana Giving You On the ground commentary and insights into the Communist Paradise".

All the geniuses never saw the end of the boom coming. Now oil is trading below $40 and there's a world of hurt. The banksters keep on doing what they do best but how much longer can it really go on for? Not much longer according to Danielle. So look out below when the wreckage is wrought from the world's largest credit boom ever!

A not so bright burglar was attempting to escape his police pursuers and had the great idea of hiding in a pond. Every Florida Resident knows that any dark pool of water could easily be harboring an alligator. But the burglar's desire to escape the law over road his survival instincts. Not too bright. 

Bitcoin breaks $400 mark again.

Idiot New York City Council wants bikers to be able to legally run lights.

New trend in medicine, the self-pay or direct-pay patient. Doctors fed up with insurance companies and government red tape. Goodbye health insurance. 

An initiative in Cali to for legislators to wear the logos of their ten largest contributors, the same way NASCAR Drives do. 

Surprise there's still 19% of the population that trusts the government. How come so many?

Ivan Eland believes that Obama's approach to Isis is the correct one. To go full tilt on the offensive and put boots on the ground in Syria will only empower the terror group and lead to more attacks upon America. Bad things are happening in the Mideast now largely due to American policy, It's time to stop reacting and to start considering the potential effects of our actions. 

Thomas Conway is one of the most experienced mining executives in the resource business. For years, he helped Newmont Mining develop and operate some of their most profitable mines, overseeing 1,600 employees in the process.

He’s now gone on to head up I-Minerals, a near-term cash flow operator that will sell minerals used for nearly everything you can see and touch, from your iPhone to the inside of your vehicle. His company and story is quite intriguing, as they will sell their production directly to end-use producers, which is much different from the more popular minerals, like copper and silver, where producers are essentially shackled with the spot price of those metals.

Peter Schiff’s Euro Pacific Capital Research just put a 70-cent price target on Thomas Conway’s company, I-Minerals (TSXV: IMA & US: IMAHF), which currently trades for 32 cents Canadian.

When it comes to getting the inside story about what's really happening in the Whitehouse, Congress or elsewhere in the government, Ed Klein is the go to guy. His books often weave an amazing tapestry of our government, our leaders and their true agenda. This is certainly the case with Ed's new book Unlikeable: The Problem with Hillary. He recounts a story where Hillary confronted Obama in the Oval Office and demand he call off the "effing" dogs. He also details the structure of the Clinton Crime Family and the contributions from foreign countries and leaders to get positive action out of Hillary when she was Secretary of State. It's an amazing look into the intricacies and actions of the Clintons. A great interview, chock full of facts. 

Jerry Robinson joined us today. He believes we are at the end of the empire which is not necessarily a bad thing. Less military adventurism, eventually. In addition, Jerry is very skeptical of the current candidates running for president. He believes that Donald Trump can be bought. Finally, Jerry is adamant that individuals must become more economically self-sufficient by investing in themselves and developing multiple income streams. 

In Greek plays the authors were never sure how to write the ending. They used a technique known as the deus ex machine, now referred to as the Hand of God to magically solve the seemingly unsolvable. John asks if the Fed is not modern man's deus ex machine. But perhaps they're running out of their magical god-like powers. How will they save Kentucky or Illinois's pension plans, or the thousands of other public pension plans that are heading towards insolvency? The answer isn't yet known, but perhaps the deus ex machine is being dusted off now. 

Manipulation Monday with Andrew Hoffman:

NFP/Fed "rate hike" - trapped like a rat, about to destroy everything in its path
ECB

OPEC (my monday article is "forget the Fed, OPEC just sealed the global economy's terrifying fate")

COTs on verge of going long gold for first time in 14 years

And much much more...

Jason Hartman joined us to review the Orlando Creating Wealth and Property Tour. It was an amazing weekend and many properties were purchased by the investor group in attendance. 

Then we covered the recent inclusion of China's currency in the SDR (special drawing right) the IMF's so-called world currency. What does it mean for your future? Is it all part of the move for doing away with paper currency? Who would be surprised. As Jason says, "It's a totalitarian's dream."

Also go to JasonHartman.com/Lutz to get special pricing on Jason's upcoming Meet The Masters event. It's an event well worth your attendance. 

As part of my due diligence when checking out the possibility of joining Liberty HealthShare I came across Chone Maddox's blog MyDebtEpiphany.com. In it she described her experience signing up and how the cost was less and the coverage was greater than her other options. Now, she's been a member since February of 2015 and things have worked out well. She needed an unexpected procedure and Liberty was there for her. She plans on getting married shortly and will probably be getting a family plan from Liberty. For myself the savings have been substantial, in the thousands in just a few short months. 

For more info, go to JoinLHS.com.

Bob Hoye, master economic historian joined us to discuss the appreciating dollar, declining precious metals prices and the addition of the Yuan to the IMF's SDR (special drawing rights). Bob predicted long ago that the world reserve currency, the USD, would hold up well during this credit bust. He's tracked the performance of every reserve currency for hundreds of years to understand how they behave in similar circumstances. The Dollar is behaving exactly the same way. Bob thinks that it might be time for a pull back and that gold stocks and shares could be the beneficiary. Also, he's not making any bets on the Yuan becoming the new reserve currency anytime soon. 

What's About To Implode Next Wednesdays With Andrew Hoffman:

Not to be  monotonous, but this truly is the worst economy ever - per today's article "Raise Rates?  This is when the Fed typically lowers them!"

-ECB meeting tomorrow
-OPEC meeting Friday
-NFP Friday (and ADP today)
-Fed meeting

Collapsing commodities, currencies, etc.

Geopolitical stress, European secession movements, etc.

And a tribute to the Late Richard Russell, long time publisher of the Dow Theory Newsletter!

Dr. Mark Thornton was with us today. As a senior fellow at the Mises Institute his works are very well known these days. He condemned New York State's overzealous attorney general for his unwarranted attack on fantasy football. Mark thinks it's hypocritical and asks why should governments being pushing Lotto, which really does victimize the poor. The payout ratios on legal gambling are pathetic. Customers get a much better deal from the neighborhood bookie.

Next we discussed the Skyscraper Index and how it's flashing a danger sign to Saudi Arabia. Their 1 kilometer edifice is perhaps getting too close to the sun. Their economy is plunging and they're quickly running out of money. It's scenario that has been oft repeated, from NYC in the depression, to Malaysia to China and now Saudi Arabia. It seems when man gets too close to the heavens, the Gods have a way of putting him in his place. Is New York City and the Freedom Tower next? 

Jason was back with us today. His message is an important one, flipping is not for everyone. We all read the headlines about the massive profits that flippers are making these days. Jason says don't be deceived, there's a lot of potential pitfalls that you've got to be aware of before taking the plunge. Don't every pay too much for the property, and keep your emotions in check. Watch out for hidden surprises and be realistic. 

It was a great month for the US Dollar and Bitcoin. Flat for most markets and bad for just about everything else. Carnage in the metals, copper slammed yet again. Oil and NatGas got put down as well. For now, everything is coming up US Dollars. How long can it last? Anyone's guess how long the Safe Haven will remain so. 

Andrew Zaitlin joined us today. A major milestone was reached this year's Black Friday and we're not talking about the number of riots that took place. Rather, online sales were greater than sales at conventional brick and mortar stores. This is a first but no doubt a major trend. How much physical sales will eventually become cyber-sales isn't known at this time, but it could be major. Physical stores now need to find the right balance if they want to survive.