Kerry Lutz's--Financial Survival Network

Trace Mayer's blog, www.RuntoGold.com, in addition to precious metals investing, covers a wide range of topics. Trace is an attorney, entrepreneur, author of The Great Credit Contraction, and an all around renaissance man. He reviews his trend predictions for 2012 and believes that all is not lost. Technology is freeing more and more people to pursue their dreams and their passions. Debt slavery is a major challenge, but the collapsing financial debt driven paradigm should liberate many from debtor servitude.

More importantly, people must take an honest inventory of their financial and personal assets and liabilities. Before taking on large amounts of student debt, young people must be absolutely certain they will achieve a positive return on this large investment. But first, we must survive the current economic crisis. The need to find viable career alternatives which provide sufficient income and personal satisfaction is greater than ever. Trace is someone who has been very successful in this regard.

Please send your questions to kl@kerrylutz.com or call us at 347-460-LUTZ.

If you're worried about the latest price decline of precious metals, then listen to Ranting Andy's latest take on the smack-down. Andy and I agree: it's all smoke and mirrors, so you shouldn't be deceived. You have nothing to lose but your fiat currency. Simply put, this latest smack-down is just another last ditch survival ploy by the elite world financiers. However, this tactic is destined to fail because worldwide debt growth has gone geometric; there's simply no way to pay it off. There will be subsequent massive debt defaults, either through inflationary devaluation of fiat currencies or by countries that simply accept the obvious and cut off the flow of debt repayment dollars. 

Andy and I joke that the .45 caliber round may one day become the universal currency unit. But seriously, there will be much pain for you if you refuse to recognize the truth and embrace the concept of sound money. Therefore, your choice is simple, buy gold and silver at steeply discounted prices, or wait for your bank balance to become irrelevant. The crisis has spread to every continent in the world and there definitely wont be a Chinese White Knight riding to your rescue.

Please send your questions to kl@kerrylutz.com or call us at 347-460-LUTZ.

We're back with our weekly discussion with The International Forecaster, Bob Chapman. Although the gold slam down continues and the price per ounce has dropped to a record low, Bob reminds us to remember the difference between paper and physical investments. Precious metals are a long-term investment. Don't be fooled by the mainstream media reports of the Christmas retail boom. The economy is not recovering, Sears and Kmart have announced the closing of over 100 stores and have left thousands of more people unemployed. The lesson of the day: buy while the buying is good.  

Please send your questions to kl@kerrylutz.com or call us at 347-460-LUTZ.