Kerry Lutz's--Financial Survival Network

"Ranting" Andy joined us for his Monday recap. Both he and I agree that something very bad is on the horizon. Even if the Israeli Cabinet hadn't voted in favor of war with Iran, even if gas prices weren't going nuts, something terrible is imminent. The chart for government debt spending is starting to look ominous as well. So don't worry about paper assets, focus on accumulating the kind of physical assets that you can keep close in times of chaos. This is the only way to actually protect and perhaps increase your wealth.

Remember, what's taking place in the financial markets today is largely a result of government intervention. While Apple Computer today announced a large dividend and stock buyback program, it can't hide the fundamental weaknesses in the US and World Economies. Things are not improving as the government would like you to believe, but rather conditions continue to deteriorate at an increasing rate. So even though gold and silver have taken their share of hits recently, their prices continue to hold up well under pressure. 

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Freedom to pursue your own happiness was guaranteed in the US Constitution. It was a novel, ground-breaking, earth-shattering ideal that has left statists scrambling ever since. The way they take away your freedoms is one at a time. First, they go after freedoms that most people deem unnecessary or repugnant, like using drugs or advertising tabacco. Then they go after the freedoms that matter to you, like speech, the right to defend yourself, buying light bulbs or so many others that are currently under attack. Marijuana prohibitions are supported by law enforcement lobbyists who cash-in, big time. Just follow the money, and you'll see. How much of our law enforcement infrastructure would be turned into surplusage, if the number of prohibitions was dramatically cut back?

And now word comes out that the largest NSA domestic spying center in history is being constructed in a remote part of Utah. As William Binney, former head NSA mathematician and whistleblower said, "We 'this' close to turnkey totalitarianism." Think about that the next time your child asks you about what freedom was like when you were a kid. 

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The Financial Survival Network hit a major milestone two weeks ago. Our 1 millionth download! For this, we issue a heartfelt thank you to all of you listening out there. You all are what make the show possible. You are the reason why we do this. Your financial health and your family's security is why we're here and why we've been successful. The show has been growing 20-30 percent a month, and we only started in August of 2011. So obviously you see the value, and we are grateful.

We're going to keep giving you information that is often difficult to obtain. If you believe the main stream media, right now you'd be dancing in the streets because the economic recovery is here. But we all know that this is a farce. The recovery hasn't arrived, and it won't for quite a while. This is why you need to be prepared so that you can get through this depression with a large portion of your wealth in tact. So we hope that you'll continue to listen and spread the word. 

Don't forget to go to KerryLutz.com and sign up for an instant free Financial Survival Toolkit and the Weekly Newsletter.

Ty Andros of Traderview.com was here for our Friday special, The Wrap. There's so much happening in the world right now that it is impossible to keep track of. Many of us just throw up our hands and just ignore. But ignore the world financial crisis at your own financial peril. Things are happening now that will have a tremendous affect upon you and your family. It is extremely important to get an accurate picture of the world financial chaos so that you can preserve your wealth and even increase it. 

The banksters got paid by Greece, and everyone else wound up taking it the hard way. This cycle is going to be repeated over and over until there's no one left standing. The precious metals are getting a lot of unwanted attention and selling pressure from parties who are, charitably termed, non-profit sellers, i.e. the elites. Don't be deceived, you need to keep your core metal holdings safe. Ty recommends dumping cash and putting as much as possible into the precious metals. While this may seem a bit extreme, who out there predicted the financial crisis would reach the epic proportions that it has?

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Mickey Fulp, the Mercenary Geologist, is always trying to see the world in different ways. When you can break from the pack to gain unique insight into the way markets behave and participants react, there's a great potential for profits. When we talked to Mickey back in October, Platinum was trading below Gold, an occurrence that has happened only very rarely in the past. Every time it's happened before, Platinum has posted large gains, and this time has been no exception. Today, 3/16/12 it's at $1670; Mickey was a buyer at $1500. Now, it's back over Gold and the fundamentals look extremely favorable.

The undervalued commodity play of the decade has to be natural gas. It's trading just over $2 per mcf, and the ratio of btu's against a barrel of oil just shot up 50! Of course there are very good reasons why this is happening. The shale gas boom in the US has given us an extreme NG surplus. It's a regional market, and the gas is very hard to move and export to other places in the world. But, be sure that as long as the world is hungry for energy, someone will find a way to get that gas where it needs to be. Especially when gas trades around $10 per mcf in Europe and $15 per mcf in Asia. But patience in this market is clearly a requisite and a virtue.

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The rats are fleeing the burning tenement of Wall Street. First, Greg Smith from Goldman Sachs who resigned in horror over the the firm's alleged disregard of any ethical limitations upon their ability to separate their clients from their money. Then today, an anonymous insider at another large bank comes out making numerous allegations about rigging off the silver and financial markets. We have no evidence to base any conclusions as to the veracity of these allegations, but certainly we have seen numerous Wall Street clients end up in the poor house.

Surprise, surpise, just when you thought the bad guys at MF Global and their network of enablers had won, the MF's Trustee in Bankruptcy turns up another $685 million, which just a few days ago seemed all but lost. Perhaps they found it in John Corzine's filing cabinet, or maybe it was in the supply closet along with the records of all that other money they haven't been able to find. Or perhaps some of the banks who were holding these funds decided it just wasn't worth the bad PR. Either way, FSN is always skeptical of coincidences. Especially now, when the global collapse is perhaps switching into high gear, and we're going to get a sample of those weapons of mass financial destruction that Warren Buffet has been losing no sleep over. 

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Don Watkins and I discuss the unsustainable state of America's Entitlement Society. It is clear that the system is going to collapse; we are certainly at the height of corruption when half the population is allowed to live at the expense of the other half. The geometric growth in entitlement programs and expenditures is also mathematically unsustainable. Therefore, people need to be educated about entitlements, which actually make society more poor and ensure a lower standard of living for everyone. 

The alternative to enlightening and raising the population's consciousness will be far worse than ending entitlements programs. While there is certainly a core of individuals who physically or mentally cannot participate in society, the extra wealth created by the elimination of the parasitic class would more than make up for the loss of entitlements. Before the advent of leviathan government, who's sole purpose was to take care of an ever increasing portion of the populace thereby insuring it's own perpetuation, it used to work this way in America.

Please fill out the subscription box at KerryLutz.com to instantly receive your free Financial Survival Toolkit & weekly gold and silver newsletter.

Please fill out the subscription box at KerryLutz.com to instantly receive your free Financial Survival Toolkit & weekly gold and silver newsletter.

Jordan Roy-Byrne of TheDailyGold.com believes the existing gold and silver stock indexes, such as the HUI or the GDX, are not giving an accurate picture of where metals stocks are really heading. They're highly weighted towards the major producers who have been underperforming for years. As a result, the good performers' results have not been accurately reflected or recognized. Jordan doesn't necessarily attribute their under-performance to manipulation but rather sees the market asserting its fundamentals.

This is a reflection of the phase of the bull metals market. Consolidations can last for several years and valuations can vary. However, you should remember to look at technicals and sentiments. A lot of breakouts in the sector tend to be false. Gold has bottomed so many times in the last couple of years, on the day where it appeared to make a technical breakdown. We are undeniably seeing a very difficult market, and according to Jordan, we are within 2 weeks of a very important bottom. You have to wait for things to reach an over-sold point, these are the times when you want to buy and take advantage of the manipulations. Once the markets get extremely oversold, the manipulators buy to help themselves. You want to be on the correct side of this, so DON'T FREAK OUT and sell! 

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Bob Chapman joins us today for our biweekly precious metals check-in. Gold is down to around $1650, and there is mountainous trouble in Europe. Bob says what we're seeing is just a diversion to distract you from what's happening over in Europe. The US is blatantly in the market, and according to Bob manipulating it. The central banks of many countries like India and China are buying gold at anything under $1700. Bob has traded for 25 years as a professional, and he says BUY!

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We talked about the Department of Energy's idiotic $50 LED light bulb that's going to save energy and make the world a better place in which to live. The DOE even gave out a $10 million prize to Philips for creating this loser. Who's going to spend $5,000 to outfit their entire home with the wondrous energy savers? As time goes on, more and more traditional light bulbs will be banned, leaving you few choices.

However, Congress in its finite wisdom left open a glaring loophole. The ban does not apply to rough service light bulbs. These bulbs are used in areas subject to high levels of vibration and movement, such as train stations or industrial areas. In addition, these bulbs last longer and are readily available through numerous sources. Let's see this become a major civil disobedience movement. Let the Congress know that they may be able to control your toilet, dishwasher, washer and dryer, but not your light source.

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Jason Burack of WallStforMainSt.com is currently writing a comprehensive report about opportunities in the junior oil drilling sector. The majors tend to dominate all the headlines. But, when it comes to building reserves you should look to acquiring juniors. One of the nice things about drilling for oil is that after making a discovery, the company can be producing cash flow in under a year. Contrast this with that of the mining industry, where approvals can take a decade. 

While Jason believes we're not running out of oil, he also believes that much of the easy to find, cheaper, light sweet crude oil has been depleted. This means more deep drilling, more fracking and more non-traditional sources of hydro-carbons.The subsidies that many producing countries offer their citizens are a mixed blessing at best; while shielding from market forces, consumption continues to rise. All of Jason's projections assume no Middle Eastern Black Swans appear. If they do, no one knows where oil prices will wind up. 

With this in mind, we're looking forward to Jason's report.

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"Ranting" Andy knew exactly when the Elites were going to hit gold and silver again. In fact, he has a chart where he is able to show with fairly good accuracy when the next raid will occur. When you've followed these markets for as long as Andy Hoffman has, the constant rigging and manipulation starts to become as predictable as the lunar calendar. While there may not have been a full moon last night, the powers that be are often found howling at the moon in an effort to maintain the status quo.

According to Andy, you shouldn't be surprised to see another raid in about one week's time. Trying to keep gold and silver from breaking out to new highs can be a full-time job. This is because an uncontrolled rise in the metal prices will eventually lead to a loss of confidence in unbacked paper currencies. You should know by now that Da Boyz wont allow a loss of confidence in unbacked paper currencies to occur, not matter what the cost. 

Tune in next week and see if Andy's chart hits pay dirt. 

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Chris Duane is on to something here. Kony 2012 has become an overnight YouTube sensation with over 70,000,000 downloads in a matter of days. The video describes the exploitation of young children by Joseph Kony, a warlord in Uganda. However, it is rumored that Kony is no longer present there. The organization promoting this production has spent big bucks on it. They are known for taking in lots of money for worthy African Child protection efforts, but paying out relatively little for the purpose. Chris believes the purpose of this 30 minute short video may be worse than anyone thinks. There's lots of oil in Uganda, and the US has 100 troops there for the purpose of pursuing terrorists. Could the video be a means of building further support for greater intervention?

Time will tell. 

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A dedicated group of young film makers is producing an animated full length feature film. The film is set in 2019, after a massive economic collapse has taken place. Tyranny, explosions, monetary mayhem, romance and a young rebel force take on the evil world financial controllers who report to the Fed. Ron Paul was asked to star in the movie, however it's set too far into the future for him to participate.

The production values of this movie are quite impressive as are the dedicated group who've made its release their life's work. They've been traveling around the country, seeking support for their cause, and they are finally nearing completion. Their goal is to educate and inform younger members of society, who feel disconnected and cheated but are uncertain of where their disdain comes from. As Megan Duffeld said, they are very sympathetic to the Occupy group, however, they want them to understand how the economy got to where it is now. 

We'll keep you posted and let you know when the film gets released. 

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There are so many things going on in the world that it is virtually impossible for any one person to keep track of them all. Between Greek debt defaults, Portugal's on-going implosion, the debt bubble inflating at an unsustainable rate, to name just a few, we're all facing information overload. Fortunately, Ty Andros stays up late nights sifting through numerous sources to keep up better than just about anyone out there. 

We are fortunate to be able to review the most important and urgent events every Friday with him. Today, we covered Japan's upcoming debt implosion, Greece's never-ending debt default tragi-comedy, the Euro and ECB's juggling act, the dollar's effect on it all and much more.

Subscribe to the weekly newsletter at KerryLutz.com to receive a copy of Ty's charts which help make it much easier to grasp. 

A trip to Home Depot this weekend revealed the shocking news that while some incandescent (Edison) bulbs are still available, our choice of bulbs has come down to: awful compact fluorescent bulbs that are hazardous to the environment and cost more; halogen bulbs, which cost many times the price of a regular bulb; and, the new and improved $50 LED bulb. While the LED bulbs are cool, 50 bucks is an outrageous price to be on the bleeding edge of technology. And for what purpose, to cut power consumption to stop non-existent global warming? I hope you're as outraged as I am.

While we're on the topic of the government screwing everything up, the Chevy Volt is truly a tragedy. Government intervention and plain-old bad marketing have turned a technological masterpiece into a product failure. My personal opinion is that when gasoline hits the $6 per gallon level, this car will reinvent itself and turn into a major best-seller. But, the damage to Government Motors and American technological prowess has already been done. 

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Julian D.W. Phillips of GoldForecaster.com and SilverForecaster.com acclaim has a long memory. He's been actively involved and profitting from world financial and metal markets since 1971. He's one of a few who has vivid memories of the last gold bull market and subsequent gold bear market. Being an international financier, he has a unique perspective that many Americans and Westerners will find disquieting.

With talk of gold confiscation in the air, Julian believes the US Government might want your gold because they will need it to pay back Germany and other allies. The US has been storing their gold in New York and other places for many years. There are legitimate questions as to whether they will be able to return that gold, if so demanded. If the answer is no, then at that point, gold will take off to the moon, and there will be serious repercussions. Since there is no transparency on the issue of US gold holdings, we are all left to speculate. But, one must wonder why the Fed refuses to end the rumor mongering once and for all. And yes Virginia, gold really is money, now and forever. 

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One would believe that from recent action this week particularly in the precious metals sector that “Dear Me, The Sky Is Falling!”. In reality, very little has changed in the specter that is haunting the global economy.

There is an old French saying, “The more things change, the more they remain the same.”  Observe that the Germans are ambivalent about bearing more gifts to the Greeks. Portugal, Italy, Spain are still in fiscal trouble. The vaunted employment figures omit the millions of our citizens who are living on unemployment benefits. What about the millions of bread winners over 50 years of age who have given up the search for employment. 

So remember the next time the metals get slammed, there's more at work than just simple market forces.

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Mark Skousen, author and editor of The Journal of Economic Perspectives, is known as a“maverick” of economics for his contrarian and optimistic views, his sometimes-outrageous statements and predictions.

His more unusual predictions include:

• Forecasting in the early 1980s that “Reaganomics will work!”
• Sending a special alert to subscribers of Forecasts & Strategies to “Sell all stocks and mutual funds” on Sept. 8, 1987, just six weeks before the 1987 Stock Market Crash
• Calling for the fall of the Berlin Wall in 1989 and the collapse of Soviet Communism
• Predicting of the biggest bull market on Wall Street in the 20th century — the 1990s

So he was ideally suited to start Freedom Fest which has turned into the largest gathering of freedom seeking libertarians around. We touched on his favorite topic of how much government is just enough and he clued us into the upcoming festivities for FreedomFest 2012 coming up this July in Las Vegas. And we also discussed the best ways to restart real political dialog, which is an exchange of ideals and beliefs, minus the personal attacks and unneccesary we've recently witnessed.

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Mish Shedlock and I had a big laugh at the Fed's expense today. They announced they might buy bonds differently, printing up money out of thin air, and then sterilizing the proceeds of their bond purchases to prevent inflation from taking hold. However, this is pure folly. If their intention is to give business lending a jump-start, it will have the opposite effect because many businesses looking to borrow are not credit worthy. Those that are credit worthy aren't interested in borrowing since they have no profitable avenues in which to invest it.

Like putting the toothpaste back in the tube, the thought that somehow the Fed can print money, use it to monetize debt, and then stop the recipients of the new money from spending it is somewhat absurd. This hasn't worked before, and it won't work now. So sit back, buckle your seatbelt and enjoy the flight into the tumultuous financial skies. It's going to get quite turbulent, but having gold and silver might very well make the ride smoother. 

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The ever venerable Danielle Park joined us again today, 3/7/2012, to talk about the eroding rule of law and what it means to working people around the globe. While the future may always be uncertain, especially in these tumultuous times, there are many reasons to be hopeful and grateful that the super-trends of the past 30 years are ending. While growth may be slowing down around the world, the debt illusion has been popped. People are no longer rushing headlong into over leveraging their futures. We may once again become a nation of workers and savers, and what could possibly be wrong with that?

In the meantime, don't go looking for justice in all the wrong places. Don't you believe the medial slop-line that happy days are here again. It didn't work that way in the Great Depression, and it sure isn't working very well now. The debt stream-roller must run its course, and the key is to not allow yourself to be flattened. The problem with spending like there's no tomorrow is that there might be one, and soon. Then what are you going to do? Danielle give you her advice on that topic and more.

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Rush Limbaugh's insults and poor language towards a progressive poster child is still resonating. However, there isn't really a political debate occurring. Rather, it is simply emotional outrage masked as political discourse. This is exactly what's been wrong with the political system for the last 80 plus years: issues are no longer properly analyzed. The Statists have done their best to obfuscate the real debate because they have made every issue a personal attack.

The real debate is whether you should work for yourself or you should work for the State. Do your rights flow from nature? Or are your rights given to you by the government, like a teacher giving out gold stars to a class? If you believe the State is the fount of all rights, then you must admit that when you are offended, angry, or enraged, you want the State to make things right.  That means taking away the rights of others, such as their speech, property, and the right to pursue their own happiness.

Therefore, it really boils down to a debate between individual freedom and the authoritarian inclinations of the State. This is the great debate of our age and one that will eventually be addressed as economic collapses have a way of stripping things down to their basics.

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Ron Hera took time out today, 3/6/12, to review the latest action in gold and silver as well as the mining stocks. Ron's unfazed by the latest smack-downs. The first slam-down was certainly sponsored, and the current decline was most likely dollar related. What happens next is really the issue, however, Ron sees tremendous value in a number of mining shares that have been beaten up in the recent market action. According to its latest filings, there's a company that's sitting on 6 million ounces. 

Ron also explained why the mining sector is not for the faint of heart. There's a tremendous amount of technical knowledge required to effectively judge a mining company's prospects. There are also the valuation issues that require the ability to judge how difficult the ore is to get at it, the feasibility of the mine and the management's ability to tie it all together. Therefore, while the market may usually be efficient, it often misses mining stocks that have great potential.

We'll check in with Ron next month and see where it's all heading. 

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"Ranting" Andy joins us again this week to reassure you the Leap Day violation on gold and silver was as blatant of an attack as you could possible see in the paper markets. Andy reiterates that short term charts are meaningless, and he explains what we're seeing today is simply follow-through operation. The 200-day moving average of the precious metals, gold and silver, has been very consistent over the past eleven years; these are commodities that have rarely been under their 200-day moving average. Effectively, Da Boyz are not only painting the charts, they are trying to take your money! They are manipulating the charts to make the market look like its behaving in a way that it's really not. The long term chart patterns speak for themselves!

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