Kerry Lutz's--Financial Survival Network

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We caught up with our friend Peter Grandich today. He's as concerned about the recent precious metals smackdown as you are. He questions the volume and price action that caused these extreme price drops and believes that nothing has really changed. He urges you to keep the faith and understand that this event probably portends another worldwide economic crisis. The monetary system is less stable than ever before and the ability of governments and central banks to control events diminshing by the day. That's why you need precious metals, to insure your wealth during periods of widespread economic uncertainty. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Ross Hansen owns the largest private mint in North America, Northwest Territorial Mint. He's been involved in the precious metals trade for decades. Unlike many, he doesn't see any conspiracies or nefarious plots slamming down the precious metals prices. Rather, he believes the latest decline was caused by the wholesale exit of hedge funds from the gold/silver markets. This is actually a healthy development for the. In addition, he sees no widespread shortages of product. Rather, there are select shortages in certain products, such as 90 percent junk and 1 ounce rounds. Ross owns several silver mines, so he understands the underlying markets. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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The banks are at it again, now we're seeing the 97 month auto loan, guaranteed that your loan will outlive your auto. The Fed and the government seems to believe that as long as there's another loan available, then everything will be fine. Lending standards for credit cards, auto loans and mortgages have intentioally been decreased and we're going to suffer the results. Credit will not increase liquidity. This is leading to repatriation of wealth to dollars, even at the expense of gold and silver. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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That sucking sound you heard yesterday is the sound of gold going from weak hands to strong hands. Byron believes that your golden insurance policy is still sound. Which means if you're a small investor, hold on to your metal, don't get rattled and do not give in to fear. He also thinks that the current decline will help feed a takeover boom, where the major miners take over high quality juniors . This could spell the end of the TSX-V junior miner's depression as well. Gold is reacting well today, the day after the major crash. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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CPM Group's Jeffrey Christian joined us today. He gave his opinion on why the gold and silver markets experienced such a violent crash, losing so much of their value in just two days. Jeff believes that it's simple supply and demand factors kicked in and that the decline was long overdue. He believes that the metals could shortly bounce back to around $1400, stay in this range for quite a while and  eventually reach new nominal highs again by 2020, although he's not issuing any buy recommendations at this time. While he doesn't think that the metals were in bubble territory, the smash down has taken out the remaining weak holders and it paves the way for a recovery at some point in the future. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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John Manfreda of www.wallstformainst.com joined us for an update of the precious metals market crash. We discussed the anomalous market behavior leading up to the crash, where the metals are heading and what you need to do to be prepared. Well worth the listen.   

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious  markets

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We touched base with Arch Crawford today. While we made it through March without a crash, commodities seem to be getting killed now. Gold is making new lows and the stock markets are getting hit as well. Oil has broken its key resistance point. Arch is concerned about chart formations for the rest of April and still believes that May 20 will be a very signficant date. In any event, it appears that something major is happening now and the market action is just an indicator of more important underlying issues ahead.

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Gold and silver are still getting slammed. This is leading to vast shortages of 90% junk silver as well as silver rounds and silver eagles. The same thing is going to occur in the gold market shortly as well. Right now Andy's company is having an even bigger day than on Friday. Premiums are escalating and at some point in the near future, the paper markets will cease to exist. This attack on the precious metals really reeks of desperation, especially in light of the horrible economic statistics coming from everywhere in the world. Andy's advice is to stay the course and buy no if you don't own any already. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Bill Fisher was 72 years old and he had a problem. He never saved for his retirement. But he didn't let his age get in the way. He developed a very simple, yet sophisticated strategy that enabled him to accumulate a portfolio worth over $1 million prior to his passing 18 years later. His tools for building wealth are universal. He kept working into his golden years and at one time was the oldest employee at Southwestern Bell. He invested in high yielding stocks and dividend reinvestment programs and real estate. And it all worked out in the end, just like it can for you. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Eson Crist, the author of “Holy Grail: How to Make the Universe Work for You”. His quest for the truth has led to abundant financial riches, business growth and rewarding relationships. He says he had an epiphany one night and suddenly he had the answers to life’s most puzzling questions. Of course, it took him 35 years.  Crist asserts that we have been taught incorrectly. You must be in alignment with the Universe to realize the principles of energy. Then you’ll understand how to transform a low vibe into a high vibe and recognize if your actions will lead to decay or growth. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Gold plunged $84 an ounce yesterday. Silver skidded $1.81. However, premiums on silver have gone up and shortages are cropping up all over the place. David believes that the die has been cast. Can you possibly trust any bank in this day and age?And quite clearly, this latest smash-up was obviously clearly ochestrated to great effect. In the final analysis the world will have to go back to gold and silver. Silver has always been the people's money. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Gold plunged $84 an ounce yesterday and Silver was off $1.81. We discussed this event with Ranting Andy Hoffman, whom like your host isn't terribly concerned. Everything but the Dow Jones Average is pointing to the next phase of the collapse. This slam down was just a panic reaction by the financial elites and probably the government too. This is explains why Myles Franklin had its busiest day in 24 years of doing business. Andy's advice is keep on buying. He is. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Gold plunged $84 an ounce yesterday. Silver skidded $1.81. This has a lot of die hard precious metals holders reaching for the garbage pail. However, if you need reassuring, look at the fundamentals. First, there is no recovery! It's quite obvious. Foodstamps, medicare, medicaid, disability and social security payments are all escalating. Throw in a dash of Obamacare, and the bankruptcy of the US and the Western World continues on unabated. What do you trust more, your bank account or the gold in your pocket? Because that is the real choice, and no matter how the elite tries to manipulate your perception of reality, there is no safer place to put your money. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Mickey Fulp joined us for a review of today's insane action in the precious metal markets. He was a buyer of gold yesterday and he'll be a buyer on Monday as well. Gold's price fluctuations have had absolutely no affect on his inherent distrust of the badly fractured banking system. Gold and silver are now, as they always have been, insurance policies against financial collapse. The 2008-09 collapse should have been a worldwide wake-up call, but very few people other than the Asians paid any attention. Where gold goes from here is a great question, but not really a very important one. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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How much is your college degree really worth? If you got it 32 years ago like me, it's worth much more than if you're getting it today. College tuition has increased by many times more than the real rate of inflation, let alone the phony one the government cooks up. This means that 25 years from now, at the current rate of increase, a private college degree will cost well in excess of $1 million! And there's still no guarantee that you're going to be able to get a job anyway. Add in another million if you want to attend law school or medical school and pretty soon, you're talking real money. Even though it's not quite this costly now, you need to decide if it's a luxury that you can't afford. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Martin Armstrong sees an increasing level of lawlessness as government tries ever harder to keep the system going. It can't last and will eventually lead to a new currency. There is no other way. This means that your best bet for surviving the transition is gold/silver, stocks and real estate. Tangible goods are your key to survival. You need to be carefully examine your future retirement. Be sure to build relationships with health care providers. Failure to do so could leave you unable to obtain treatment.

This was lengthy interview touching upon many different areas. Our best discussion to date. Remember, government will always attempt to spend more than it takes in. Our responsibility as citizens is to prevent this natural course of events from happening again and again. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Professor Laurence Kotlikoff is an expert on the federal budget and the world banking system. The entire deposit insurance scheme has many fissures and will not protect you when you most need it. There's too many deposits to be paid and not enough many to pay it. Prof. Kotlikoff has a better idea, force banks to put their deposits into mutual funds who will then be responsible for investing it. This will take the casino aspect out of the system and restore stability. Prof. Kotlikoff also has some very valuable investment tools available. Check them out at www.esplanner.com and www.MaximizeMySocialSecurity.com. They are excellent guides to help you plan your retirement. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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As you probably know, Robert Ian and I are putting together the Liberty MasterMind Symposium in Dallas on June 28-29 this summer. We've got an incredible speaker lineup, including David Morgan and Martin Armstrong as well as so many others. In total 15 speakers will be attending. Some you've heard of and some you will soon hear from. We're not just preaching to the choir,but we're trying to help you to prepare for the cataclysmic changes ahead. And for this reason, we're looking forward to meeting you soon.  

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Commander David Stevens (Ret) and I spoke just before a meteor rained down on Russia. Talk about vindication coming from the heavens, Dave has been warning our leaders and humanity about the possibility of catastrophic asteroid and comet strikes on planet Earth. Obviously, he must know something that we don't. While it's a difficult subject to address, by simply eliminating a little bit of government waste around the planet, a system could be put in place to protect you from this possible extinction event.  

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Jonathan Burton is a noted investment expert and writer. While it appears that the entire world has recently discovered high dividend stocks, Jonathan caustions that they often come with added risk. You need to do your research to be certain that the dividend is safe and secure. You also need to understand that these stocks are susceptible to market corrections, just like the rest of your portfolio. There is no such thing as a risk free investment. Your challenge is to understand the risks inherent in any investment and use readily available strategies to minimize it.  

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Gary Gibson joined FSN today. He's kicking himself in the butt, just as yours truly, for not buying bitcoins when they 50 cents a piece. While the alternative currency is rapidly escalating in price, it could go even higher. At $253 per bitcoin it's hard to imagine it doing so, but it's certainly a possibility. This is the first of many emerging digital currencies that willsweep the globe. Perhaps a currency that is locked in at a maximum of 21 million units is more trustworthy than currencies like the dollar and the euro which can be manufactured in infinite quantities. Beware, governments know that this is a major threat to their currency monopoly and it's just a matter of time till they declare war upon alternative currencies. Be ready!

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Shock of all shocks. Marijuana tourism is happening now in Washington State and Colorado. And it promises to be a financial windfall, for business and the government. An entire industry is being legitimized before our very eyes. From custom made $350 glass bongs to marijuana infused baked goods, free market economic expansion is being allowed to work its magic. Perhaps it's a sign of things to come. No doubt, more states will be liberalizing the weed, once they see the economically beneficial effects in CO and WA.  

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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We caught up with Ranting Andy Hoffman even though we're on the road. We tried to solve the Chinese riddle, "How can the unemployment rate go down, when unemployment is going up?" It's really quite simple, lying government statistics. Adjust for people leaving the labor force faster than unemployment increases. Then before you know it, you'll have a nation of unemployed citizens, while at the same time that there will be more people on the streets than ever before. Throw in a generous disability insurance system and there's no limit to the improvement in the economy. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Today's report discussed the coming Obamacare crash. It's going to be an epic fail. It can't be implemented and even if it could, the unintended consequences doom it to failure. Nextl, we discuss the latest egregious case of Foodstamp fraud. An enterprising convenience store owner in my new home state was buying deeply discounted EBT cards and redeeming them for food to stock his store's shelves with. And he was a second time offender. Fnally, Breitbart believes it has debunked the myth of huge ammo purchases by Big Sis's Department of Homeland Security. But, perhaps not. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Just when you thought it couldn't get any worse, it is. Seems the lazy bureaucrats have a real problem on their hands. There's just not enough time to figure out the 70,000 pages of Obamacare regulations. This means that implementation has hit a real roadblock, which is good for you and good for America. How Congress will choose to fix this problem is anyone's guess, but I expect thst it will never see the light of day. The program is going to be dropped and forgotten as soon as possible. So get ready, you heard it here first. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets