We all think about the destruction of the financial system, which will no doubt lead to war. The Bad Guys are being thrown out, i.e., the Military Industrial Complex. They’re playing out a secret agenda behind the scenes. Trump hasn’t gone to the dark side. The tide has changed. No one is saying that Trump is an agent of Putin anymore. Trump turned the cards on them. 

Direct download: Bix_Weir_18.Apr.17.mp3
Category:general -- posted at: 12:16pm EDT

It''s no secret that the state of California has been in a downward spiral for many years. From crumbling dams and infrastructure to tax-crazed ideologues driving the producers from the state. There's no hope which is why as was said during the Vietnam War, "We had to kill the village to save it." California is in exactly the same position, it must be killed to save it. Its pension plan is drastically underfunded, its governor has long since detached from reality and no one is facing up to its long/short term problems. A major fiscal disaster is all that can save the once Golden State. 

Direct download: Joe_Messina_17.Apr.17.mp3
Category:general -- posted at: 5:00pm EDT

One of Donald Trump's major issues raised during his run for president was to reform the trading policies of the US's major trading partners. Overtime, the US has lost jobs and prosperity to countries that provide protectionist advantages to their local industries, such as Japan, Korean and China. While nothing definitive has yet happened, Michael believes that Trump is on the right track. Present diversions with the North Korean situation are making it a little difficult to focus on the US-China trade arrangements, but clearly it was discussed in the recent meeting between Trump and Chinese President Xi. Michael favors some type of border adjust tax that would be levied on important and would replace the FICA Payroll Tax. What a great idea. 

Direct download: Michael_Stumo_17.Apr.17.mp3
Category:general -- posted at: 4:15pm EDT

News from China says that the world's largest aluminum producer, China Hongqiao Group,  is on the brink of insolvency. This is a company that's nearly twice the size of Alcoa. It's been showing amazing growth and profit numbers for year. Now it turns out that they've been relying upon Chicom accounting and the profits were fraudulent and illusory. The company is begging for a government bailout to avoid civil unrest. Have we reached the point where everything is too big to fail? Perhaps, but then eventually the party that bails everyone out will wind up failing as well. Get set and buckle your seatbelt for that day may soon be upon us. 

Especially if Marine LePen triumphs in the upcoming French elections. The same people who said Brexit couldn't pass and were all in a lather about President Hillary Clinton are saying LePen's an outside long shot at best. But the communist party candidate has been rising in the polls as well, now sitting at 19%. This is shaping up to be a battle of the extremists and whomever wins will immediately go after the Euro. 

Direct download: John_Rubino_17.Apr.17.mp3
Category:general -- posted at: 12:54pm EDT

How do you deal with an erratic dictator who has nukes? As with so many other issues in China is the key. Ivan believes that China has a built-in incentive to help remove the North Korean threat. Trump has changed his tune on China trade, and in return he's getting cooperation. China's massing of troops on the NK border and reducing trade and rejecting coal shipments. Is Kim Jong Un crazy or crazy like a fox? His people are starving and his economy is bankrupt. The next move is China's. 

Direct download: Ivan_Eland_17.Apr.17.mp3
Category:general -- posted at: 11:24am EDT

Jim Walchuck of Zinc One Resources joined us today to discuss the company's amazing prospects. The Company just started up in 2016. They are rapidly acquiring companies and getting ready to explore and develop promising projects. Worldwide, there's only 29 days of zinc inventory. New sources must be developed and there's very few companies as well positioned as Zinc One to do the job. Zinc is vital for many different industrial processes, such as the manufacture of galvanized steel. The opportunity for the Zinc One is clear. Seasoned management is the key. Jim, a life long mining engineer, has designed and developed mines in the past and is quite excited by his new company's future. We wish him the best and have high hopes for this new FSN Sponsor. 

Direct download: James_Walchuck_13.Apr.17.mp3
Category:general -- posted at: 12:00pm EDT

The Senate's filibuster device took a big hit the other day with the confirmation of Justice Neal Gorsuch. Professor Sanders believes that the filibuster is going the way of the buggy whip, the incandescent light bulb and so many other dated concepts. Its history is fascinating. It's not constitutional and it's become an anachronism. It's making the country harder to govern and less responsive to modern world conditions. It also allows Senators to take unrealistic positions that they know won't pass into law, thereby making them less accountable and responsive to the electorate. Perhaps as Prof. Sanders says, it will simply fade away once the decision has been made to declaw it. 

Direct download: Alain_Sanders_12.Apr.17.mp3
Category:general -- posted at: 3:13pm EDT

While much has been written about the massive retail decline in America, Charles sheds interesting light upon another core cause of the retail apocalypse. Namely, Millennials, due to staggering student loan debt, have lowered expectations and are staying close to urban downtowns. They have smaller homes, less need for expensive furnishings and have often shed the shackles of the automobile. When combined with ease of online shopping and their inclination to save more than their Boomer parents, this makes for a fascinating lifestyle trend. 

Direct download: Charles_Hugh_Smith_12.Apr.17.mp3
Category:general -- posted at: 1:53pm EDT

Two developments in recent days provide an early indication that the Trump Administration is determined to take a new approach to international trade. And it looks like this new approach is aggressively focused on trade agreement reform and policies that could lead to higher U.S economic growth.

Direct download: Jeff_Ferry_12.Apr.17.mp3
Category:general -- posted at: 1:49pm EDT

What's Happening Wednesdays with Andrew Hoffman:

Winning PMs' 200 week moving average war;

-today's Audioblog; "Watch out Cartel, the physical market is now wagging the paper market dog";

Marine Le Pen, the potential BrExit x 100 (yesterday's article);

Trump taking us to war;

Government shutdown, debt ceiling;

Etc.

Direct download: Andy_Hoffman_12.Apr.17.mp3
Category:general -- posted at: 9:49am EDT

It's no secret that massive financial fraud has been taking place in the US, Canada and the rest of the globe. What's surprising is how the cancer has spread. From shady reverse mortgages, to subprime mortgages, to sub-sub-subprime auto loans. We recently learned the truth about garbage student loans that are designed to fail. Imagine taking on $150,000 in student loans to become a failed photographer? This example is by no means unique. It's happened 10's of thousands of times. Promise them the moon and exact a pound flesh in return. Modern day banking, something to really be ashamed of. A recent NY Times story blows the lid off of yet another scandal. Read it here!

Direct download: Danielle_Park_11.Apr.17.mp3
Category:general -- posted at: 2:46pm EDT

Mish was on talking about the impending GDP numbers, coming out April 28th. While guesstimates are all over the board, most likely it will be closer to Mish's .6 percent than the 4 percent that more optimistic analysts are forecasting. Earnings are down and eventually that should bring the stock market down, at least it always has, eventually. It's certainly bad news for the nation's pension funds. They're behind the 8 ball to the tune of trillions. What's going to blow the lid off this sad state of affairs and who's going to bail them out?  

Direct download: MIsh_Shedlock_11.Apr.17.mp3
Category:general -- posted at: 2:30pm EDT

Chris Vermeullen, one of the savviest market technicians around, is bullish about gold, but not too bullish this time. He's seen this pattern many times before. Last week it broke the $1260 resistance point intra-day, only to retreat back before the close. Today, it's over $1270, but will lose momentum once again? While the long term chart is bullish, he believes that gold will truly shine in the 2nd half of the year. The stock market is due for a breather and this may very well be the time. Oil is poised to go higher. The VIX while shooting higher will pull back shortly and provide and excellent short. Much more here in this interview. Don't be fooled by the headlines. 

Direct download: Chris_Vermeullen_11.Apr.17.mp3
Category:general -- posted at: 1:04pm EDT

While the Left’s power to attack and block President Trump might seem formidable at the moment, look closer and you will see that it’s about to collapse. In fact, later this year, you can expect the Left’s power to shrivel up to a more typical level of opposition seen during other administrations. You probably will ask: Why will the Left’s power collapse? The truth is President Trump won the election fairly in the Electoral College. And it’s within the realm of possibility that Trump also won the popular vote because there might have been millions of votes cast for Clinton that were questionable. And the truth is coming out about Obama's surveillance of Trump. The recent Syrian Missile attack should convince everyone but the most hardcore conspiracy theorist, of which the left has more than its share, that Trump is not Putin's pawn. 

Direct download: Gerard_Lemaro_11.Apr.17.mp3
Category:general -- posted at: 12:59pm EDT

Trying to figure out what's going on in the Middle East, why Trump did the cruise missile attack, is a lot like trying to understand why your spouse is upset with you. There's many potential reasons and causes but you can never be sure which one tipped him/her over the edge. So it is in the Middle East. What's coming up next, probably more of the same. Was it to show North Korea the US means business? Who knows?

But whatever the reason, life carries on. Technology is moving on as well. John believes that renewable energy will play a bigger and bigger role in America's energy outlook. That may be the case, but it's going to take decades to upgrade the country's energy grid. It will require wide swathes of urban America to be ripped up so new cables can be installed. It's a transition, the likes of which we have never seen, excerpt perhaps when we went from animal horsepower to mechanical horsepower. Either way, it's going to be a 20-30 year transition. 

Direct download: John_Rubino_10.Apr.17.mp3
Category:general -- posted at: 2:56pm EDT

More and more ​companies are using robots to do repetitive and other work. It's the kind of jobs that once went to humans. And now there are calls from business icons like Bill Gates to tax those same robots so that money can be used to invest and innovate in the future.

"For some Americans this makes perfect sense but as a long time manufacturer it is absolutely the wrong thing to do," says co-host of 'Manufacturing Talk Radio' and long time CEO of All Metals & Forge in New Jersey Lew Weiss.

Direct download: Lew_Weiss_10.Apr.17.mp3
Category:general -- posted at: 12:57pm EDT

We sat down with David Enrich to discuss his new book, The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History. The book details the  actions of an oddball group of bankers, traders and brokers from some of the world’s largest financial institutions made a startling realization: Libor—the London interbank offered rate, which determines the interest rates on trillions in loans worldwide—was set daily by a small group of easily manipulated functionaries, and that they could reap huge profits by nudging it to suit their trading portfolios.

The anti-hero Tom Hayes, a troubled genius mathematician, became the lynchpin of a wild alliance that among others included a French trader nicknamed “Gollum”; the broker “Abbo,” who liked to publicly strip naked when drinking; a Kazakh chicken farmer turned something short of financial whiz kid; a broker known as “Village” (short for “Village Idiot”) and fascinated with human-animal sex; an executive called “Clumpy” because of his patchwork hair loss; and a broker uncreatively nicknamed “Big Nose.” Eventually known as the “Spider Network,” Hayes’s circle generated untold riches —until it all unraveled in spectacularly vicious, backstabbing fashion.

The Spider Network really makes one question the entire system. The underlings get fried while senior management skates and goes on to bigger and better things. But that's just the way things work according to David Enrich. 

 

Direct download: David_Enrich_05.Apr.17.mp3
Category:general -- posted at: 1:51pm EDT

Dr. Ted Noel is a retired physician and a real scientist. Throughout the presidential campaign he was one of the few people to give accurate, fact based assessments of candidate Hillary Clinton's numerous health issues. His conclusion that she was suffering from advanced Parkinson Disease was widely disseminated on the web and apparently closely monitored by the Clinton Campaign. 

When Mike Cernovich was interviewed on 60 Minutes, Scott Pelley accused him of reporting fake news for headlining Dr. Noel's findings. Cernovich quickly turned the tables forcing Pelley to admit that his source of Clinton's Health information was none other than the campaign.

Dr. Noel was mentioned in the full interview, but his name was lost on the cutting room floor. Now he responds and explains why the media is no longer fact based and untrustworthy. He also gives us an excellent account of how you can become an independent thinker. 

Direct download: Dr._Ted_Noel_05.Apr.17.mp3
Category:general -- posted at: 1:43pm EDT

Ms. Smith is a former government official with great insight into the current debate. Expelling bad ‘hombres,’ building border walls and slashing trade deals, President Trump continues to assert a more nationalist and protectionist “America-First” posture. The President has promised to add millions of jobs to the US economy and to raise the gross domestic product by more than 4 percent annually largely through renegotiating existing trade agreements like NAFTA. At the same time, the President has vowed to deport up to 3 million undocumented immigrants and to curtail future entries.

Immigration reform remains a cornerstone of Trump’s efforts to reboot America’s standing. After Trump’s proposed travel ban was blocked again by the courts, what are the dynamics on the other side of the President’s immigration overhaul, which targets migrants from Latin America? What about… 

*Beyond the rhetoric, what are the possible economic impacts of a policy of mass deportation?

*How will the “America-First” agenda reshape U.S. relations in Latin America? And, why will it matter?

*What are the politics, logistics and legality of Trump’s new deportation plans?

*Taken together with the travel ban, what are the national security implications of Trump’s immigration agenda?

Direct download: Tanisha_Tingle-Smith_05.Apr.17.mp3
Category:general -- posted at: 1:30pm EDT

What's Happening Wednesdays with Andrew Hoffman:

Today's "disturbing trends" article, to be published shortly;

-retail, energy, automobiles, European banks;

PMs retake their 200 week moving averages;

The Fed's never ending punch bowl;

Major upcoming "PiMBEEB" (precious metal bullish, everything else bearish) events;

Etc.

Direct download: Andy_Hoffman_05.Apr.17.mp3
Category:general -- posted at: 9:48am EDT

The world is a very uncertain, unstable place. The US economy is under great pressure. The potential for civil unrest and governmental abuse and confiscation of property is ever present. That's why Mark Nestmann believes in having a Plan B. Hopefully, it's something you'll never need, but just like a gun, better to have one and not need it than to need one and not have it. Mark is giving out a free report. Click here to receive it.

Direct download: Mark_Nestman_04.Apr.17.mp3
Category:general -- posted at: 2:39pm EDT

Art Berman is a geologist who's been in the oil industry for decades. His recent article debunked the rising productivity myth of shale oil. Art's explanation is quite simple. While there have been productivity improvements, most of the savings have occurred as a result of the oil services industry depression. They have cut their prices to the bone in order to survive. This situation is unsustainable and cannot last. Companies will go out of business and consolidate. 

Then we discussed the transition to renewables and electric vehicles. While it sounds great, we're looking at a multi-decade transition at the least, barring some project or major leap forward. Everyone wants to see a transition, but there are transition costs that need to be understood. 

Direct download: Art_Berman_04.Apr.2017.mp3
Category:general -- posted at: 1:09pm EDT

With March Madness behind us, it’s now April Madness as the April 18th tax filing deadline is nearly upon us. Mark Steber Chief Tax Officer of Jackson Hewitt joins us to explain what you can do to speed up the tax refund process. 

Procrastinators may be celebrating the three extra days they get to file their taxes this year, but there are more of them this year, as the IRS reports nearly 6 million fewer returns have been filed to date this year versus last. Some of this is due to the IRS's efforts to reduce the incidence of Refund Fraud and Earned Income Tax Fraud as well. 

Get your record system ready now for next year. Use your smartphone to document all your expenses and outlays, mileage, etc. Then at the end of the year the process will much easier and you'll be rewarded with a larger refund. 

Mark also provides you with last minute filing tips to discuss the most common mistakes filers make; what deductions independent contractors and gig economy workers can take advantage of; and more.

Direct download: Mark_Steber_04.Apr.17.mp3
Category:general -- posted at: 11:30am EDT

The 1Q 2017 is over! Share markets continued to wrack up quiet gains, even though March was generally uneventful and flat. The USD put in a 2% decline for the quarter, with the Euro showing a 1.4% increase. Rates are holding steady with the yield curve starting to flatten. Bitcoin closed out the quarter at 1082 for a 13.2% increase. While metals prices ran out of steam in March they were up smartly for the quarter, Gold 8.5%, Silver 14.5% with Palladium the big winner at 17.4%. Copper was up 5%. WTI and Brent were down nearly 6% for the quarter. U308 snapped back with a 17.5% gain. Finally, Platinum's ratio is showing a potential buy signal at just .76 against gold. 

Direct download: Mickey_Fulp_03.Apr.17.mp3
Category:general -- posted at: 2:19pm EDT

Debt is still growing way faster than GDP. Therefore, we're just digging a bigger hole. For most of the past 6 months it looked like we had a real recovery going. But that was an illusion. The Atlanta Fed has lowered it's 1Q Growth Projection to less than 1 percent. That's a recessionary number that won't help the economy create new jobs or to create new industries or service new debt. The debt to gdp ratio continues to increase. Unless we radically increase worldwide growth rates, we're stuck on a treadmill and a crisis will eventually occur. 

Direct download: John_Rubino_03.Apr.17.mp3
Category:general -- posted at: 12:27pm EDT



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