Kerry Lutz's--Financial Survival Network

Seth Peretzman of BorderlessHoldings.com sees this week's precious metals breakout as just the beginning. There's plenty more upside potential in store. It's even more obvious when in light of how well gold and silver are behaving the day after. If silver closes up today, it will mark the 10th straight up day! 

Seth's just gotten hold of 500 gold Amereican Eagles. He's giving great prices to FSN listeners in lots of 10 or more. Call him now at 855-604-6343 to find out more. 

Yesterday was the biggest day for gold and silver all year long. And it wasn't just a one off event. This is the new normal. They tried to raid gold this morning and had it down to nearly 1306, but it's fighting back. Silver is positive so far and getting close to 21. Look for more of this in the weeks ahead. Precious metals will recapture the headlines and more momentum investors and the seasonal factors could push it higher for the remainder of the year. It's all about what's next!

Jerry Robinson of FTMDaily.com joined us today. Last week his proprietary system was flashing a major buy signal for silver. And almost as if on cue, today it broke out big time. But Jerry's not surprised in the least. The world is a mess and so is the American Economy. With rampant money printing and declining economic activity it was inevitable. But Jerry has a way to profit from it all. 

Jason Stevens is into resources investing, especially gold and silver. They've been beaten back for so long, especially the mining stocks that most of the risk has been removed. A look at the remaining uranium miners will prove the point. Food is another area where the potential for profit is enormous. It's all a matter of picking the right vehicles and patience. 

Rick Ackerman says that the so-called Interesting Times are now spinning out of control. But never mind, the stock market is doing just fine each going into record high territory. But just in case that doesn't work out for you, there's gold and silver and they're starting to look extremely attractive to the rest of the planet, just not Americans. And make sure you take a look at Rick's new feature, his Friday Jackpot Bet. It could be a real winner. 

Peter Grandich believes that this short covering rally is the beginning of the end for the precious metals manipulators. The old adage of never short a dull market has once again proven its wisdom. All of the weak sellers are out. The mining sector has been decimated and inflation is picking up. Add to that the emerging international desire for a dollar replacement and gold can't help but go higher. It's just a matter of timing.  

It looks like it's happening. A precious metals breakout seems to be taking place. Where will it end? That's anybody's guess, but we think it's going to be big. Listen to our guests today who will have a lot to say about it. You don't want to miss it. Help support the show at www.ClubFSN.com.

Aaron Clarey a/k/a Captain Capitalism has written several books and writes a popular blog. He started getting many emails from clueless Gen-Xers and Millenials. Lacking a positive father influence, they didn't know what to do. Thus AssholeConsulting.com was born. For just $20 you can ask Aaron whether you should go to college, take out a student loan, save for retirement, start a business or a host of other questions. He'll tell you the unvarnished truth as he sees it. If you like his advice, take it, otherwise, do as you please. It's up to you. We wish him the best of luck. We're starting SchmuckConsulting.com today. 

Monty Pelerin's first and latest book is coming out today. It's called Flim Flam Man and it's about the 26 scandals of the current administration. Monty goes into them in detail and it's also a testament to the declining education of the American Public and about how much they'll accept and what they'll put up with. A very timely book indeed. 

Chris Vermeulen--TheGoldandOilGuy.Com is convinced that the precious metals correction has nearly run its course. He sees the smart money starting to pour into the mining stocks. The base is nearly complete and prices should start going up shortly. He's also upbeat on commodities and sees plenty of upside there. He's wary of energy and believes it could go way higher or crash, time will tell. 

James Corbett of the Corbett Report came on the show today. He's been studying pipelines recently and his findings are quite amazing. Besides the recent Russia-China energy deal, Russia is seeking to build pipelines to many places in Europe and Asia. The proliferation of new pipelines is something we all need to be watching as it will determine the future balance of power in the world.

Darryl R. Schoon has always been an out of the box, ahead of the curve thinker. He sees us all as riding a surf board atop a wave of debt. Unfortunately, that wave is about to crash upon the shore, leaving all to many shattered. Your only defense against the destruction about to be wrought is precious metals. But too few have to taken heed and the time left is running very short.

Mises Institute's Mark Thornton stopped by today for the first time. When it comes to free markets and Austrian Economics, he's a heavy weight. His writings are found on the Mises site and around the web. We discussed the proliferation of super tall buildings happening across the globe. Mark has shown that they're a surefire sign of malinvestment that comes from artificially low interest rates. These buildings are popping up in North America, Europe, the Middle East and China. Will the usual economic bust follow in their path? Well if past is prologue, expect economic devastation to follow in their paths. 

Gold and Silver are holding up very nicely considering that it's Federal Open Market Committee Week. We've got Dave Kranzler talking about the real news on real estate and gold and silver. We've got the Mises Institute's Mark Thornton talking about his much heralded skyskraper index. And finally we've got Darryl R. Schoon talking about what's next for the economy and the world. All-in-all a great day for FSN. 

Dave Kranzler watches the real estate market very closely and sees some alarming trends happening now. Whereas low inventory has been the buzzword for the past two years, now inventory is increasing and sales are slowing. This bad trend shows no signs of slowing. There's still a record number of people who are underwater in their homes and thus have no ability to move. Combine this with the millenials who have crushing student debt and no wonder the housing market has lost its legs. 

Professor Laurence Kotlikoff is concerned about the dollar and the stability of the world banking system. So much money has been printed to get the world economy through the last crisis. Will that money cause inflation? Will it cause a loss of faith? Will there be bank runs like in the 1930's? I assert that the age of the 1930's style bank run is over because of the death of cash. So you go to your bank and they give you a debit card with your life's savings. Then what? Where do you take it? Or they give you a bank check, where do you go then? Take it to another too big to fail bank and deposit it? Bank runs are obsolete. So we're all stuck with the bank we have now. 

• Cluster of 400 Institutions Collectively own $29 Trillion in Stocks;
• Governments careening out of control;
• Iraq and the Ukraine;
• FOMC Meeting this week;
• ECB Meeting last week;
• US Economy bad stats;
• US Supreme Court favors hedge funds over Argentina;
• Social unrest in Brazil during the World Cup;
• No one wants 2022 Winter Olympics.

It's Monday, June 16, 2014. We've got an interview with Julian DW Phillips. He thinks that gold has almost certainly put in it's bottom and that the West is finished transferring it's gold to the East. This can only mean higher prices. Then we've got John Rubino talking about shocking developments in China and amazing No-Doc Loans to businesses; Andrew Hoffman's Manipulation Monday discussion and Prof. Laurence Kotlikoff returns. Don't forget to go to Patreon.com/KerryLutz to support the show. 

John Rubino of DollarCollapse.com was on talking about the deteriorating situation in Iraq. Unlike the 1970's when the world economy was much stronger, can it withstand $150 or $200 per barrel oil? Probably not for too long. Did you know that China's central bank is now the world's largest holder of equities? How did that happen and what do they own? Banks are now making low and no documentation loans to businesses. That will end about as well as no doc loans to homeowners did.  

Julian DW Phillips has a unique perspective on the precious metals market. Located in South Africa, along with the benefit of decades of experience, Julian sees that gold is being re-monetized and the supply is diminishing. This means that the value is going way higher. In addition, the balance of economic power is shifting from West to East. It's all about to hit the fan and you need to be ready. 

The Ayn Rand Institute's Elan Journo discussing the numerous failings of American Foreign Policy. From Vietnam forward, it's been one failure after another. When America doesn't stand for its ideals it winds up standing for nothing.With latest developments in Iraq one must wonder what it was all for. 

Nick Santiago of InTheMoneyStocks.com is an ace technical investor. He sees the stocket as just about played out on the upside. But he's nervous about shorting a dull market. Therefore, he wants to go short on certain sectors like natural gas. He believes that gold and silver have one more correction to the down side and then it's straight up for many years to come. His opinion is confirmed by many other experts who've recently been on the show. Hopefully they're right and gold and silver will finally be unshackled and allowed to seek their natural price levels. 

We get interviewed by TheRealSide's Joe Messina. Always good for some laughs. We give Joe our take on immigration, the real economy what needs to be done to avoid all out catastrophe. It's always fun talking to Joe. 

A new FSN feature discussing what's happening today on the show and the latest on gold and silver prices. It's all about what's next!

We had a great interview with noted economist and author Richard Duncan yesterday. While he advocates a pragmatic view and acceptance of the status quo and abandonment of our ideals and capitalism, I can't accept that. Expecting the government to make successful bets on future technologies is a long shot that is destined to fail. Rather we need to find a way back to our roots and sound money and to mitigate the inevitable damage, because either way, pain is going to occur. 

Speaking of failure of the existing paradigm there's Rhode Island and Providence Plantations. That's the actual name of the Ocean State. And they had a referendum in 2010 because some people believed it was racist. Plantation in English meant colony. But they have far greater problems, the state is a Stalinist Theme Park. It's an epic fail. Liberalism and Progressivism have had their way since 1935 and the place is falling apart. And the people are too arrogant or stupid or both to see it. 

Then there's that other epic fail, Detroit. What to try next? Perhaps urban homesteading. Knocking down all 40,000 abandoned homes will only cost $850 million or $22k each. Sounds like a steal! Why not have an Uber wrecking App and have a Dutch Auction? These homes are truly worth more dead than alive.