Mickey Fulp, the Mercenary Geologist, took time out today to review a number of stock and commodity indexes and their relative performances for the entire month of February 2012. While gold was down slightly, most other markets performed well. No doubt the ever increasing supply of fresh fiat currency has been feeding the rally. Even with the world wide economic slow down, the demand for commodities has held steady around the world.

Natural Gas took it on the chin, while the flaming oil rally eased off in the last couple of days. Due to Iranian tensions and Middle East uncertainties, rumors of oil at $150 per barrel could certainly put a damper on the world financial markets. However, at the present time, it’s full steam ahead. Eventually, all parties end. This one will too, but while it’s going on, you should make the most of it. Don’t forget platinum’s price is getting very close to gold’s and all things considered, it will probably pass it shortly.

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Direct download: Mickey_Fulp_03-02-2012.mp3
Category:general -- posted at: 6:12pm EDT

Did you know the Fed bought a new building just to house their manipulation and trading schemes? Seems they've run out of space, and they are greatly expanding their market interventions through the Plunge Protection Team or PPT as it's known in the trade. When will it all end? We no longer have free markets, and we no longer have the rule of law. This is a major concern not just in the US but in Europe as well.

Ty Andros joined us for the weekly market wrap-up, and we discussed defaults. Since when is a default not a default? The answer is when the banks say so! The big banks will have to pay out if Greece is ruled to have defaulted. In our insurance crazed world, people buy insurance in an attempt to protect themselves from virtually any risk. However, insurance against credit risks has just gotten much riskier. Now, refusing to pay off 80 percent of your debt is not even considered an event of default. It's hard to imagine a scenario that would ever trigger these contracts because they would result in the world's major banks having to pay out trillions in claims. 

As we said in Triple Lutz Report Episode #157, these elaborate insurance contracts will never get paid. These ridiculous contracts were simply part of a scam to make money for the elites. Now that they'll soon be gone, you can be certain a new scheme will be hatched, and the dance will continue on.

Please fill out the subscription box on KerryLutz.com to receive your free Financial Survival Toolkit.

Direct download: Ty_Andros_03-02-2012.mp3
Category:general -- posted at: 12:41pm EDT






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