Mon, 11 June 2012
www.FinancialSurvivalNetwork.com presents: Bix Weir says things are heating up in Europe and once there's no Euro, there won't be a dollar for too long after that. Once Europe implodes, it's goodbye time for the derivative markets. We're already seeing the start, in Italy a bank holiday was declared by BNI bank, depositors presently cannot access their funds or pay bills. However, fear not, the bank will still accept payment for debts owed to them. But pretty soon, those debts, along with the bank's deposits may very well cease to exist. Which is why gold, silver and a quantity of paper notes is still your best financial survival program. Bix will be checking in more as the situation heats up; and, the way things are going, it could boil over at any moment. Thank goodness we have the FDIC in the US. They'll never let our giga banks go under. You can always trust the government to do the right thing for sure. Ha! Go to www.FinancialSurvivalNetwork.com for the latest info on the Economy, Markets and Precious Metals.
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Mon, 11 June 2012
www.FinancialSurvivalNetwork.com presents: Elijah Johnson interviewed me today to get my take on the impending dollar collapse. I won't give an exact date for the collapse because it is part of a long term trend, and because the collapse will happen as a series of events. Europe, which is in dire straights, is at the forefront of this series of events. Don't be fooled by the recent Spanish bailout, the debt is still on the books of every financial institution in the world. A gold backed system is the only antidote to the current global depression; the ability to create unlimited numbers of currency units is fundamentally corrosive to free markets and capitalism. Go to www.FinancialSurvivalNetwork.com for the latest info on the Economy, Markets and Precious Metals.
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Mon, 11 June 2012
www.FinancialSurvivalNetwork.com presents: Peter Schiff joined us again for a discussion of his latest book, The Real Crash. While much of what Peter predicted in his prior books has come to pass, the ultimate crash has yet to happen. And judging from his recent testimony at Congress, the elected representatives do not have a clue what's going and what their previous policy blunders are causing. It is evident that they have absolutely no conception of economic realities and that every dollar the government spends is forcibly removed from the private sector, thereby decreasing economic activity and lowering incomes and taxes that eventually get paid. And because they are unwilling or unable to understand these effects, the crash gets closer and closer. How many people Peter will eventually be credited with saving is anyone's guess, but he must be given credit for sounding the alarm bells earlier than just about anyone else. Go to www.FinancialSurvivalNetwork.com for the latest info on the Economy, Markets and Precious Metals.
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Mon, 11 June 2012
www.FinancialSurvivalNetwork.com presents: Another Monday, another session with "Ranting" Andy Hoffman. The so-called Spanish Bank Bailout is purely illusionary and isn't really happening. Rather, it is an effort to convince the people of the world that something is being done and that the situation is under control. In reality, the world economy is being ravaged like a California forest by a wild fire. They're pouring all the water they can to put the fire out, but there's not enough water in the world to bring it under control. The fire must run its course, and the best we can hope for is that once the forest has been burned to the ground, we can try to stop it from reigniting. On the subject of ETF's and whether they're really holding all the gold they claim to, the Funds have been caught flat-footed with the disclosure that the gold bar held up by CNBC reporter Bob Pisani, during his visit to the GLD vault at an undisclosed location, was actually owned by another ETF, unrelated to GLD. That's why there's no substitute for physical gold and silver. Watch the weight, not the price. Go to www.FinancialSurvivalNetwork.com for the latest info on the Economy, Markets and Precious Metals.
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Mon, 11 June 2012
www.FinancialSurvivalNetwork.com presents: Former Special Agent Joe Navarro has worked on major criminal investigations, counter-terrorism operations, and consulted with world famous poker professionals on the science of reading non-verbal (body language) communications. I recently read his latest book, What Every BODY Is Saying. It was an eye opener and something I believe you can profit from greatly. Ever wonder what that stock broker was really thinking when he shook your hand and smiled? How about when Ben Bernanke gives a statement and is squirming in his seat before Congress? Or how about when your child gets home after curfew and proceeds to give you a whole song and dance about car trouble? Joe has devoted his life and his career to find out the answers to these questions and much more. You'll find the answers to these questions both useful and entertaining. Go to www.FinancialSurvivalNetwork.com for the latest info on the Economy, Markets and Precious Metals.
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