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.

Direct download: Trace_Mayer_07-13-2012.mp3
Category:general -- posted at: 11:24am EST
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www.FinancialSurvivalNetwork.com presents

We caught up with our old friend Peter Schiff at Freedom Fest. While he was on a panel, security was sicked on Doug Casey for smoking a cigar (Cubano of course) while participating on stage. Freedom took a major hit when Doug was forced to extinguish his rich stogie. But as Doug said, he was on someone else's property, so he had to comply with the management's wishes. I want to know who the Buzzkill was that turned him in. 

Peter made the case for limited government and eliminated socialism in his usual eloquent manner. Too Big To Fail Banks are not the product of capitalism, but socialism. Capitalism never failed, as it has been utilized in the US for many years. Eventually, the lesson will have to be learned if we are ever to have prosperity again and that's why Peter trudges on. 

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

Direct download: Peter_Schiff_07-13-2012.mp3
Category:general -- posted at: 9:57pm EST
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