Kerry Lutz's--Financial Survival Network

According to David Horowitz, we are at war. It isn't taking place on a battlefield but rather in the hearts and minds of US Citizens. Will we prosper and grow or become a socialist utopia? The decision is all ours but the results will affect civilization for the next thousand years. 

Rick Mark of Harvest Gold Corp, isn't phased at all by gold's recent decline. The industry has changed drastically over the past decade. The Majors no longer have the expertise or desire to engage in exploration and discovery. Therefore, they've delegated that function to the Juniors and at the appropriate time they've been known to swoop down and acquire solid candidates. The Majors have been living off their reserves for too long. If they want to stay in the business, they're going to have to step up their pace of acquisitions and companies like Harvest Gold will be among the first to pop up on their radar screens. With a first rate property and Evrim Resources handling the drilling chores, Rick has hit upon a virtually no-lose business model for the future. Overhead is kept to an absolute minimum, so nearly all funds raised can go to drilling. It's a formula that's sure to be emulated by many once word gets out about its potential. 

Since Jason Hartman started his podcast 13 years ago, he has proposed a very simple formula that worked during the Great Recession and has been pumping out double digit returns non-stop. The idea is as simple as it is effective, buy single family homes in low-key landlord friendly states and rent them out to quality tenants. Returns in the first year are often in the 10 percent and then when you factor in future appreciation and rising rents, it makes this strategy a no-brainer. And that's why it's so effective. If you don't overthink it and simply stick to the basics, while buying several homes in different areas, the rest will take care of itself. Join Jason and myself at his Hawaii event. Guaranteed to be fun and life changing. 

With the economy zooming along at 4% plus growth, the natural inclination is to wonder how much longer this can continue. Andrew believes for quite a while. First, the corporate/individual tax cuts are giving a definite boost to the economy. And it's not just stock buybacks. Companies are beginning to reinvest in their core operations, which is good for everyone. Andrew believes that one of the major drivers for next year will be the modified trade deals that the President is working on now. That will lead to more jobs and more tax revenue. There's enough momentum to take the economy ahead for the foreseeable future, nay sayers and haters aside.  

Millennials ages 25-34 have $42,000 in debt, and most of it isn’t from student loans

Over 44 million Americans have student loans, with the average debt hovering around $33,000. And yet that's not the No. 1 source of debt for the average older millennial.

Millennials between the ages of 25 and 34 have an average of $42,000 in debt each, according to Northwestern Mutual's 2018 Planning & Progress Study. The biggest source? Credit card debt.

Credit card balances make up a full fourth of the average older millennials owe, while student debt accounted for about 16 percent, according to Northwestern Mutual. The findings are based on a survey of over 2,000 U.S. adults, including an oversampling of more than 600 millennials.

"As you grow older, your expenses increase. The additional pressures that come onto the pocketbook only grow and your disposable income shrinks in a lot of cases, even if your salary is growing," Emily Holbrook, director of planning for Northwestern Mutual, tells CNBC Make It.

The pressure to start relying on credit cards makes a lot of sense, she says. Millennials also cope with many other financial burdens that other generations haven't had, including those high student loans, as well as self-funded retirement savings and soaring home prices, to name a few.

Across the board in America, debt is on the rise — even though most people have a strong desire to pay it off. According to Northwestern Mutual's findings, the average American has about $38,000 in debt, up $1,000 from a year ago.

Major US stock markets continued their upward trajectory with DJIA up 2.2%, S&P 3.1, NASDAQ 5.7% and Russell 2000 up 4.2% to record levels. Emerging markets were down again 3.0%. TSX down 1% and TSX-V defied gravity going up 2.7%. Bitcoin the always volatile digital currency after going up 21.5% last month was down 5.7%. Gold was down another 2.0% and Silver was off another 6.5% for the month. Pt down 6.2% and Pd was up 5.1%. Copper was down another 3.4%. Energy was up for the month, with WTI up 1.7% and Brent up 4.3%. Natgas canceled last month's loss, up 5.0%. Uranium was up again showing a 2.6% gain after continued producer cutbacks. Currencies saw the Greenback rise .6% and the Euro down .8% for the month. Rate on the 10 year T Bond fell back to 2.86%. Till next month!

With developing nations seeing their currencies collapse and bad stocks markets around the globe in negative territory (except the US) it's beginning to look a lot like 2008. We answer your questions and cover a lot of ground. Best to be prepared and understand how to protect yourself. Remember in 2008 it all started with sub-prime mortgages and spread all over the globe. Could developing country currencies be the sub-prime bubble of yester-year. 

Kim got into investing in the mid-90s, after having made a windfall in an IPO before the age of 30, and entrusted it to a well-known Wall Street brokerage firm, which proceeded to lose everything she hadn’t managed to spend.

Out of self- defense (and a little bit of payback) Kim created the Snider Investment Method, a system of producing consistent cash flow from paper assets at a significantly higher rate than traditional, non-engineered investments. Her investment firm, Snider Advisors, which both taught and managed assets using Kim’s method exclusively, was on the Inc. List of Fastest Growing Companies two years in a row (2008 & 2009).

Kim retired at 47, sold her investment firm, and moved to South Carolina with her husband and dogs, where they built a polo farm and planned to live happily ever after. All was going according to plan... until crypto came along. While most people think cryptocurrency is too risky, Kim believes the risk is in NOT investing in cryptoassets. Motivated by the cascade of bad advice she saw pouring out all over the Internet, Kim un-retired to create SANE CRYPTO and help Baby Boomers get properly positioned for what could be a once-in-a-lifetime.

Kim Snider is no B.S. She tells it like it is. She’s an expert in her field and she practices what she preaches. On top of everything
opportunity, but not get wrecked if crypto falls through. Kim’s “why” is to learn things people think only experts can learn, make it her own in some systematic way and then teach it back to others who need that information to improve their business or life.

Brigitte Gabriel is a NY Times best-selling author, leading expert on global Islamic terrorism and Chairman of ACT! for America, the largest national security grassroots organization in America. Her latest book is RISE: In Defense of Judeo-Christian Values and Freedom.

Ms. Gabriel started ACT for America in an effort to protect the citizens of the United States from the horrors she experienced as a young girl in her native Lebanon. When Ms. Gabriel was 10 years old, militant radical Islamists launched rockets into her family’s home in their Christian town in southern Lebanon destroying her home and seriously injuring her as they raged war against the “infidels.” Her family was forced to seek refuge in an underground 8 x 10-foot bomb shelter where they lived for the next seven years. Often surviving on mere weeds, they had to crawl through a ditch to get water from a nearby spring while avoiding Islamic snipers.

Goto Financial Survival Network for more info

When it comes to trade, President Trump made big promises on the campaign trail. He railed against the fact that America is getting ripped off by its trade partners. Now he's doing something about it. Mexico and the EU have agreed to new terms and Canada isn't very far off. So far China is the lone hold out, but Daniel believes that they're just waiting for the mid-terms in hopes that a Democratic win in the house will weaken the President's position. Don't count on it. 

James Robbins just told USA Today that, “Social media has become a public menace.”

Robbins is the author of the newly released Erasing America: Losing Our Future by Destroying Our Past – a book that details the Left’s manipulative plot to destroy America’s history in order to control America’s future.

Robbins recognizes that the Left is determined to control American ideas – and social media is the perfect platform to do so.  Erasing America is topically chock-full of the Left’s attempts to control the American discourse.

Erasing America examines:

·       The phenomena of football players kneeling during the national anthem.

·       The removal of monuments dedicated to Confederate soldiers or Founding Fathers

·       Supreme court rulings fringed with Leftist hypocrisy

·       Frantic accusations of racism – made up by the Left.

·       Liberal hatred of Christmas – and their attempts to ban Hallmark movies, Christmas songs, and much more.

·       The immigration epidemic – why illegals NOT assimilating helps the Left.

·       The infiltration of radical agendas into American education.

·       And parallels between pre-Civil War America - and TODAY.

Noted author, fund manager and economist Nathan Lewis joined the show for the first time. He's written a number of books about how a gold standard can successfully be re-implemented. He believes that for right now, the dollar's value is acting as if it were backed by gold. It's been relatively stable for years. Can it continue down this path indefinitely into the future? There's really no way to know, but many naysayers have long predicted the dollar's death and so far they've been completely wrong. 

Stock market is reaching cycle highs. S&P high is getting closer. Bond markets are looking positive. The dollar is headed higher. Gold could be heading much lower in September after its current bounce is over. Charles doesn't see any inflation ahead, but deflation could be coming back. Crude oil could be going lower to under $65. The next two months are going to be very interesting for sure. 

Eager to clear his name from the ignominy of his last stand - but forced to do so incognito, under the clever pseudonym Armstrong - Custer comes across evildoings in the mysterious Montana town of Bloody Gulch, which a ruthless Indian trader runs as his own personal fiefdom, with rumors of muder, slavery, and buried treasure.

Armstrong is a rip-roaring tale of action, adventure, and hilarity as the ridiculously handsome, astonishingly brave, and highly susceptible milk-drinking cavalryman travels through the untamed West.

The Custer of the West Series begins here - and it's a wild ride you won't want to miss. 

"The world has a new hero - actually an old hero reimagined - George Armstrong Custer, in this delightfully funny alternative history that's better, or at least happier, than the real thing." - WINSTON GROOM, bestselling author of Forrest Gump and El Paso

"Droll satire, this is the West as it might have been if the Sioux hadn't saved us." - STEPHEN COONTS, bestselling author of Flight of the Intruder and Liberty's Last Stand

"If Custer died for our sins, Armstrong resurrects him for our delight. Not just the funniest book ever written about an Indian massacre, but laugh out loud funny, period. The best historical comic adventure since George MacDonald Fraser's Flashman." - PHILLIP JENNINGS, author of Nam-A-Rama and Goodbye Mexico

"Crocker has created a hilarious hero for the ages. Armstrong rides through the Old West setting right the wrongs, and setting wrong the rights, in a very funny cascade of satire, history, and even patriotism." - ROB LONG, Emmy- and Golden Globes-nominated screenwriter and co-executive producer of Cheers

What if Custer survived the Battle of the Little Bighorn?

What if he became a gun-for-hire?

And what if he made common cause with a troupe of cancan dancers, Chinese acrobats, an eyepatch-wearing rebel cardsharp, and a multilingual Crow scout?

The economy is booming or so we believe. But is it really just a debt fueled consumer orgy? There's a reason why debt is a four letter word. Student loans are through the roof! Same with sub-prime auto loans as well as credit cards. Is this truly the pathway to sustainable growth and prosperity for the nation and the world? Trump appears to be winning the trade wars. Who'd a thunk it, other than us? What more is in store? The Trumps wins just keep on piling up and up. 

The US continues to go deeper and deeper into while the developing world is seeing one currency implode after another. Who will be the next casualty? No one in the US seems to be too concerned. While the last global financial crisis began with the US sub-prime mortgage market, perhaps the next has already begun with weaker currencies blowing up left and right. Gold and silver have both taken it on the chin, but at some they will represent reality. 

John commented on Gold's $20 spike on Friday due in large part to Fed Chair Powell's dovish statements. It's been a grinding depressing stretch for precious metals. But the latest COT report shows the speculators are net short, the last time this happened was in 1999, the beginning of a long glorious run. The tree does not grow to the sky. 

Jeff says, "We’re in a time when we need good financial information and excellent financial advice. We’re not getting it, and that’s a huge problem. Life expectancy is longer, medical costs are rising, Social Security is tenuous, and markets are rocky. The information that enters our homes, whether it is through the mail, the TV, or the internet, is dubious at best. The smiling investment guy in the suit offering to help may not be any better. This book was written so opportunities won’t be lost behind everything else you’re bombarded with concerning your finances — and so you can put your interests first.It will clear up a lot of misconceptions, stop the leaks, and provide a clear view and best path to viable options. Although I work exclusively with retirees and pre-retirees, Turning Financial Planning Right Side Up is invaluable to people of all ages. As a financial advisor, I help everyday people prepare for what my staff and I call “the art of financial self-defense.” Their retirement funds are designed so they pull out as much income as they can, but leave their assets intact and avoid losses."

Billions and billions of dollars are thrown at the homeless problem yearly and yet it keeps getting worse and worse. Is that by accident or design? The huge non-profits charged with caring for the homeless love it. They get more money every year. But our entire homeless policy based upon faulty data and false beliefs? The fact is that most homeless are mentally ill and/or addicted (to alcohol or drugs). It's time to reinstitutionalize the mentally ill and get them off the streets and into treatment. It's the most humane approach available. 

John and I discussed the recent conviction of Paul Manafort and the guilty plea of Trump's former personal attorney Michael Cohen. I blew the call on Manafort. Thought for sure the jury would hang on all counts. Cohen is an interesting case. Did Trump really commit a crime, probably not. But who in their right mind wants to get involved in politics these days? But then how many politicians are in their right mind anyway? We take your questions about the Fed and other interesting topics and our good friend and FSN community member Marian who actually listened to the show in Tibet. Are we that spiritual? 

Michael Stumo is very optimistic about Trump's so-called trade war. Seems that the US is adding industrial jobs at a rate of 20 to 1 over those being lost. While the last 5 administrations have either ignored the trade deficit issue or pled helplessness altogether, President Trump has addressed the problem head on. And it's beginning to yield results, witness the recently announced $750 million investment in its ancient US Steel's Gary Indiana steel plant. Things are beginning to change and that will probably be for the US's benefit. 

Jeff Ferry is very optimistic about Trump's so-called trade war. Seems that the US is adding industrial jobs at a rate of 20 to 1 over those being lost. While the last 5 administrations have either ignored the trade deficit issue or pled helplessness altogether, President Trump has addressed the problem head on. And it's beginning to yield results, witness the recently announced $750 million investment in its ancient US Steel's Gary Indiana steel plant. Things are beginning to change and that will probably be for the US's benefit. 

Is it better to right too early or be wrong too late. If you've been listening to Danielle Park for any length of time then you know she believes that it's the former, not the latter. While she's been sitting on the sidelines for quite a while, the market has done nothing but go up. But at some point it's going to revert to the mean and that means a potentially huge correction that could potentially wipe out years of paper gains. Better to be proactive and avoid potentially devastating losses, even if it means missing out on large temporary gains. 

The jurors keep deliberating on the fate of former Trump Campaign Manager Paul Manafort. Was he just a plant as Q anon claims and this is his rightful reward for screwing things up and allowing Trump to get the Republican nomination? Or is he just trying to squeeze Manafort into dropping the dime on Trump? In this case a tie is a win for Manafort. Let's face it, everyone knows that the Mueller Probe is just a pile of Muler Dung. 

It's clear that politicization has hit the judicial system, like it ever left, as a result of the national split resulting from the Trump Presidency. Is it any surprise that even in Alexandria Virginia there's a few latent Trumpers who are out to see that justice is done? There are probably 2-3 seemingly apolitical types who've infiltrated the jury and are casting their votes for Manafort's innocence. Jury nullification at its finest!

We've done dozens of interviews over the past month on the #reinstitutionalizenow movement. We've said it before and we'll say it again, there's is no other way to help the homeless. And we're already spending the money, so what's the point of deceiving ourselves any further that it's humane to allow the homeless to live on our streets? I also provide an insight into what the Saudi - Canadian clash is all about. Alligator strikes in SC. And loads more as always. Go take a look at FSN and see the latest news.