Kerry Lutz's--Financial Survival Network

www.FinancialSurvivalNetwork.com presents

Jay Taylor came on our live show today on 1490 WGCH. Insightful as ever, Jay agrees that there is little that can be done to avert the collapse and that the majority of the population is completely oblivious to the inevitable. Much like in Rome during the collapse, people were far more concerned about gladiator games and Christians being fed to the lions to notice their civilization was quickly coming to an end. Hopefully the current fiat money system's death will not lead to another Dark Ages, which came out of the Fall of Rome. But society is different now. Most of the world's population lives in cities and life can't continue on for long without a medium of exchange. Hopefully reason will prevail before it's too late. 

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

www.FinancialSurvivalNetwork.com presents

Bron Suchecki, who's in charge of strategy for the famed Perth Mint, is warning all precious metals investors that the next crisis will lead to heightened precious metals demand so expect shortages and mint rationing. This is exactly what happened in 2008, and the next crisis could very well be worse. Interestingly, the shortages emerged not from a shortage of raw materials, but due to a lack of fabrication capacity. The blanks or planchets that are required to stamp coins are in limited supply. There aren't a lot of producers around the world, and they have been knwon to invest large amounts of capital towards ramping up production. This is due to the market's unpredicatable demand curve and the high costs of expansion. The result is that the distribution system works great in times of regular demand, but it quickly breaks down when demand spikes. Remember, we told you it was coming. 

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

www.FinancialSurvivalNetwork.com presents

Sprott Global's Kenton Toews joined us to discuss the major acquisitions taking place in North American as well as global resource stocks. The Chinese oil company CNOOC is buying Canadian oil producer Nexen for over $15 billion. This is a huge premium to current market prices. An Egyptian billionaire just bought La Mancha Resources, a gold miner for $500mm, getting gold in the ground at just $50 per ounce. What do these moves have in common? They are ways for Asians and others holding large amounts of fiat dollars and euros to diversify them, without disrupting the markets. This could be just the beginning; as the currency crises worsen, the rush for the exit will only intensify. So look to stock acquisitions as a relatively easy way to accomplish that task. 

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

www.FinancialSurvivalNetwork.com presents

The Value Guys are back with three new stock picks. But more importantly they are working on the ValMo Quotient. This is potentially the holy grail of value investing. Just one easily ascertained number will mean the difference between successful investing and failure. More to follow. The stock ideas for this week are CAW (CCA Industries), GMAN (Gordmans Stores) and NHC (National Healthcare Corp). We're highly suspicious of the first pick. They make products that really shouldn't be mentioned in mixed company. However, they pay a dividend and harken from East Rutherford New Jersey, also home of the New Jersey/New York Giants. Funny and insightful as ever, just a touch alcoholic, they're our Value Guys!

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

www.FinancialSurvivalNetwork.com presents

"Ranting" Andy returns with another Monday Rant. Andy says it's quite obvious the elites are losing control. While they may be able to keep the price of gold suppressed a little while longer, their ability to control the events taking place in Italy, Spain, Greece and the rest of Europe is clearly diminishing, to the point of outright chaos. Therefore, it is more important than ever that you be able to differentiate between reality and perception. The powers that be want you to believe there's no difference between the two. But as thinking adults, we know this can't be the truth. Otherwise, your children would be able to create their own reality and choose their own existence. There are very few things that are true and real these days, but at the top of that list are still gold and silver. 

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

Ty Andros joined us after a several week-long hiatus. Here's a statement he read from Porter Stansberry. It's worth your read!

I'd like to make you a business offer. Seriously. This is a real offer. In fact, you really can't turn me down, as you'll come to understand in a moment…

Here's the deal.

You're going to start a business or expand the one you've got now. It doesn't really matter what you do or what you're going to do. I'll partner with you no  matter what business you're in – as long as it's legal.

But I can't give you any capital – you have to come up with that on your own. I won't give you any labor – that's definitely up to you. What I will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when  you're allowed to operate your business. That's my role in the affair – to tell you what to do.

Now in return for my rules, I'm going to take roughly half of whatever you make in the business each year. Half seems fair, doesn't it? I think so. Of course, that's half of your profits. You're  also going to have to pay me about 12% of whatever you decide to pay your employees because you've got to cover my expenses for promulgating all of the rules about who you can employ, when, where, and how. Come on, you're my  partner. It's only "fair."

Now… after you've put your hard-earned savings at risk to start this business, and after you've worked hard at it for a few decades (paying me my 50% or a bit more along the way each year), you might decide you'd like to cash out – to finally live the good  life. Whether or not this is "fair" – some people never can afford to  retire – is a different argument. As your partner, I'm happy for you to sell whenever you'd like… because our agreement says, if you sell, you have to pay  me an additional 20% of whatever the capitalized value of the business is at  that time.

I know… I know… you put up all the original capital. You took all the risks. You put in all of the labor. That's all true. But I've  done my part, too. I've collected 50% of the profits each year. And I've always come up with more rules for you to follow each year. Therefore, I deserve another, final 20% slice of the business.

Oh… and one more thing…

Even after you've sold the business and paid all of my fees… I'd recommend buying lots of life insurance. You see, even after you've been retired for years, when you die, you'll have to pay me 50% of whatever your estate is worth.

After all, I've got lots of partners and not all of them are as successful as you and your family. We don't think it's "fair" for your kids to have such a big advantage. But if you buy enough life insurance, you can finance this expense for your children.

All in all, if you're a  very successful entrepreneur… if you're one of the rare, lucky, and hard-working people who can create a new company, employ lots of people, and satisfy the public… you'll end up paying me more than 75% of your income over  your life. Thanks so much.

I'm sure you'll think my offer is reasonable and happily partner with me… but it doesn't really matter how you feel about  it because if you ever try to stiff me – or cheat me on any of my fees or  rules – I'll break down your door in the middle of the night, threaten you and your family with heavy, automatic weapons, and throw you in  jail. That's how civil society is supposed to work, right? This is America, isn't it?

That's the offer Amerika gives its entrepreneurs.  And Washington wonders why there are no new   jobs…

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Marty Fox, a regular listener to the show from Canada, recently took a cruise with his wife to Alaska. Marty's been into metals and low debt for many years. He wanted to try his hand at being a gold seeker, the old fashioned way. And he hit pay dirt! While he's not yet ready to retire, his enthusiasm has been stoked up by the experience. He also hit the jackpot several years ago when he sold his house near the market's peak and invested the profits into real assets. We salute Marty and thank him for sharing his wonderful experiences with us. 

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

www.FinancialSurvivalNetwork.com presents

Jeb Handwerger of www.GoldStockTrades.com believes the junior mining sector is grossly undervalued. He sees the large miners gobbling them up at extremely attractive prices. There are some indications that it has already begun with Yamana Gold's acquistion of Extorre Gold Mine as the start of a major trend. In addition, there appears to be a trend of rising mining nationalism, which should lead investors to jurisdictions that are politically safe. And of course the junior miners have been in a secular bear market, which has seen their prices decimated. Therefore, Jeb could be right in his assessment. When the much awaited run-up in the miners will start, should be answered quite soon. 

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

www.FinancialSurvivalNetwork.com presents

This year I again encountered a remarkable group of young people who understood that going to college and racking up $200,000 to "earn" a useless degree makes no sense. They are committed to getting the word out to their generation that Socialism is the great enslaver and that freedom and the free market are the only means of re-establishing prosperity and the American Dream. Seeing young people who've done the intellectual heavy lifting and have come to understand that Austrian Economics is a system that has worked in the past and will work again in the future is quite refreshing. 

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

My interview with James Corbett of www.CorbettReport.com is continued. We covered some great questions and insights. 

www.FinancialSurvivalNetwork.com presents

James Corbett of www.CorbettReport.com interviewed your humble host yesterday. I thought I was a fairly good interviewer, but James has obviously been doing it much longer than I, and he is a consumate professional. I was quite flattered to have been invited onto his show. We discussed central banking, the history of economic collapses, the corrupt monetary system and a whole lot more. While we agree on most things, the major point we differ on is limited government versus anarchy. I'll admit, the current system of government is enough to make anyone start longing for anarchy, but I just don't believe it's a workable system. 

If you'd like to listen to part2 of this interview send me an e-mail at KL@kerrylutz.com, and i'll send you the link to it.

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

www.FinancialSurvivalNetwork.com presents

We were very fortunate to get together with Ann-Marie Murrell of www.Politichicks.tv to discuss her recent article in www.Townhall.com about her realization that the best thing you can do for the homeless is not be one of them. Ann-Marie is a stellar example of what an individual can accomplish. At one time in her life, she was living on in a relative's garage, inflating an air mattress to create space between her body and the concrete floor. Now she's a pre-eminent voice for fiscal and governmental sanity. If she lived in a state that valued individual rights and freedom, this would be admirable, but she lives in the People's State of California, and she refuses to leave for freer pastures. The fact that someone like Ann-Marie is intent on staying and fighting for all of our rights is an example that I personally find inspiring and hopeful. 

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

www.FinancialSurvivalNetwork.com presents

John Aziz, based in the UK, was an English Major who discovered he had a flare for economics, especially the Austrian variety. After the Crash of 2008, he went looking for answers and found them. His ability as a writer and a communicator is nearly unparalleled in the Blogosphere. He has the unique ability to take very complicated concepts and simply them in a manner that can be understood by people of all educational levels. His insights and skills are helping to get the word out. People are starting to understand what caused the economic collapse and what the alternatives are for getting out of it. And there's only three real choices: 1) Keep praying and printing; 2) Default and repudiate or 3) Forgive the debt or a debt jubilee. There are no other options for dealing with an over indebted financial system. So the next time you hear a politician claiming otherwise, understand that he's lying to you. 

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

www.FinancialSurvivalNetwork.com presents

Michael Krieger of www.LibertyBlitzKrieg.com and frequent ZeroHedge contributor joined us for a deep and often intense interview. The efforts to make the Western World a cashless society is merely aimed at giving the money printers more control over your life. The monetary metals suppression scheme has kicked into high gear, leading both Michael and myself to conclude that there are big events planned, just over the horizon. Trying to see and identify these trends is what both of us spend an inordinate amount of time and energy doing. While it is often not a productive use, sometimes you see things that the elitists would prefer you didn't. And this global event, we're not yet sure what it is, is going to be major. Somehow, while being a life altering event, it's designed to keep the elitists in power behind the curtain. You have to realize that even though most of us focus on the economy, the elitist power structure touches all phases of your life, what you eat, where you live, what you drive, what shows you watch on television. Their power to influence and even control numerous aspects of society is hanging in the balance. This is why ZeroHedge is a must read for me everyday. 

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

www.FinancialSurvivalNetwork.com presents

Ken Johnson of The Dollar Vigilante Media Services is an expert in helping you get a second passport and becoming a citizen of another country. Dual citizenship has many lawful uses. Right now, as an American, your government has gone around the world stopping foreign banks and brokerage houses from allowing you to open accounts and to transact legal business abroad. This is part of the de facto scheme to implement currency restrictions and controls without having to formally announce it to the world. This is why Ken's service can be so valuable to those wishing to internationalize their assets in a totally legal and accepted manner. 

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

www.FinancialSurvivalNetwork.com presents

Mickey Fulp, The Mercenary Geologist, and I got together for an energy discussion. There's so much going on in this once conservative moribund industry. The innovations of hydro-fracking and enhanced recovery are leading to an energy self-sufficient America, only 40 years after Nixon's pledge. Right now, the US domestically produces 55 percent of its energy needs. It's miraculous that an industry faced with hostile government agencies, green subsidies and general public antipathy towards petroleum exploration and development. Many people believe that the industry has deliberately stifled high mileage vehicles and auto technology, and this could very well be true. However, America's retaking of energy production leadership is something that no talking head or so-called energy expert ever predicted. All that is necessary to ride this wave to making America great again is political leadership and a commitment to fast-tracking energy infrastructure projects.

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

www.FinancialSurvivalNetwork.com presents

Wayne Allyn Root, former Libertarian VP candidate, renowned Las Vegas odds maker, successful businessman, SOB (son of a butcher), and fellow Westchesterite and I met up in person Freedom Fest in Las Vegas. While he's not head-over-heals in love with Romney (who is?), he still believes that the choice is between business and anti-business, and that's why he's favoring Romney. Business without risk, is like religion without Hell. If the government removes all possible risks from your life, will you be a better person or a lazier one? Wayne believes that risk taking is in the American DNA, and it's a prime reason for our country's success. This is  why Wayne never misses a Freedom Fest. 

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

www.FinancialSurvivalNetwork.com presents

We met up with Gary Johnson, former governor of New Mexico and present Libertarian candidate for President. Gary was a former governor of New Mexico. During his two terms in office, of an overwhelmingly Democrat state, he vetoed 750 bills and exercised thousands of line item vetos. He was so effective that his opposition referred to him as Governor Veto. He ran for the Republican nomination this year, but he was kept out of the early debates by CNN and CNBC rules, which were created to keep out minor candidates. As a result, he never attained the status of serious candidate as far as the Main Stream Media was concerned. While his odds of winning the nomination are virtually non-existent, his message is compelling, and he has provided a road map for other fiscally sane candidates to shake things up. 

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

www.FinancialSurvivalNetwork.com presents

"Ranting" Andy Hoffman arrived back from Freedom Fest in Las Vegas ready for "bear." There's a new phenomena sweeping the globe, negative interest rates. Hard to believe, but that's where some bankrupt, "Too Big To Fail Bank" actually charges you for the honor of storing your money and betting it on derivatives (or some other highly creative way they've devised to lose your money and get bailed out yet again.) It's obvious there's no end to the financial sector insanity that's been taking place around the globe. Where it will end is anyone's guess. But nothing makes sense anymore and that's exactly the way the Elite financial rulers like it. 

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

www.FinancialSurvivalNetwork.com presents

Daniel Amerman used to work with Mortgage Backed Securities, before they became a tool of the devil. He believes the government will stop at nothing to steal the populace's wealth, but there are things that you can do to protect yourself. However, it will become increasingly difficult to do so once things get worse. Daniel believes owning gold and silver is a good option, but there are certain things the government will do to diminish their value. How the end game of this crisis will work out is anyone's guess, but things are definitely going to change, and you need to examine every possible outcome. 

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

www.FinancialSurvivalNetwork.com presents

Vern Value and Mo Mentum discuss the economy and several stocks they think look good on a value basis. Among the three picks, PIR (Pier One Imports) has risen from the dead. At one point, it was trading at just 15 cents per share and today it's up around $16, quite a return for those who had the courage to get in when they were on their death bed. Also discussed were, NGS (National Gas Services) and RBN (Robbins & Meyers). Fortunately this was a show where Val and Mo embraced moderation, so their speech patterns are noticably more coherent and their shared state of mind is far more coherent. Entertaining as always! 

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

www.FinancialSurvivalNetwork.com presents

I interviewed Jeff Berwick and Gary Gibson at Freedom Fest, separately, although you'd think they were together. We spent a lot of time together, and there was no shortage of topics and alternative financial luminaries present at the conference. Peter Schiff, Doug Casey, Steve Forbes, Gary Johnson, Judge Andrew Napolitano and so many more. But Gary and Jeff are all about practical advice about protecting your wealth and keeping it out of the hands of the government. Jeff's a big proponent of second passports, and Gary's been travelling around the world looking for safe harbor. Either way, they both agree the US Government's appetite for your wealth is going to increase greatly, as the depression deepens. So better to be prepared than to continue about your daily affairs, blind to the probabilities ahead. 

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

www.FinancialSurvivalNetwork.com presents

Fellow podcaster, Turd Ferguson of TFMetalsReport.com spoke with us live at Freedom Fest 2012 in the scorched economic desert of Las Vegas. 

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

www.FinancialSurvivalNetwork.com presents

At Freedom Fest 2012 we bumped into Andy Schectman, a show sponsor and President of Miles Franklin. He's been selling shiny metals since 1990, and he's extremely knowledgeable about the precious metals markets. Andy explained there's virtually no gold coming into the secondary market. People who own gold and silver are not selling even when prices dip. This is a relatively new development which shows that while the price may fluctuate , the actual participants ignore the news and continue to accumulate. The mints don't have enormous supplies available for purchase; they can hardly keep up with demand. That's why putting off the purchase of metals could have you entering the market at the worst possible moment.  Contact Miles Franklin, they've also got great overseas storage programs available.

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

www.FinancialSurvivalNetwork.com presents

We literally bumped into Trace Mayer of www.HowToVanish.com and www.RunToGold.com. He made it to Vegas for Freedom Fest. We discussed a very interesting new phenomena that may possibly become the new gold standard of currencies, BitCoin. This is an open source currency that is extremely flexible, resistant to inflation and completely anonymous. It is a store of wealth and a medium of exchange and its popularity appears to be rapidly increasing. We had heard of it before, but dismissed it as a noble effort to help people escape the tyranny of central banks. But it has continued on and increased in value from 5 cents per BitCoin to $7.70 in just a few short years. And its acceptance appears to be increasing as well. It's spreading worldwide, with more and more merchants accepting it as payment, at a variety of locations. We're going to investigate the BitCoin phenomena further and report back. 

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