Kerry Lutz's--Financial Survival Network

Kyle Olson says if you're expecting change from the Republicans, think again. They couldn't get the guts up to repeal the ridiculous school food standards that were imposed by Michelle Obama. The changes appeared in a draft of the continuing budget resolution, but were no where to be found in the final bill that passed the House. So the next time your child has to sneak a Twinkie into school for a little nourishment, you can thank John Boehner. But at least Rudy Giuliani has the guts to stand up and point the finger of blame at Al Sharpton and the Teachers' Unions for the failure that passes for education in America today. A rare show of honesty by any standard. 

Chris Martenson of PeakProsperity.com joined us today. He explains that the world economy is slowing down and the authorities are fretting.

Japan, Italy, and Greece are all in recession. China is slowing down according to official statistics, and even more according to whispered accounts.

Germany, France and the Netherlands are all at stall speed.

According to the BLS, the United States is doing just great at nearly 4% growth for two straight quarters, but you wouldn't know that either from the quality of the few jobs being created (which is low) or from consumer spending (also low).

The worry, as always, has nothing to do with the central banks' concern for you, your job, your children, the actual prices you pay, wealth equality, or the future, and everything to do with the simple fact that the stability of the banking system absolutely depends on a steady stream of new loans.

The problem, as always, is that we have a monetary system that is either expanding or collapsing. It has no steady state.

With his passion for economics, Bill Tatro has been entertaining audiences on the radio and in seminars for over 30 years. Bill’s dynamic and no nonsense style on his show It’s All About Money has made him one of his stations’ most popular show hosts. Over the years Bill has given a no nonsense opinion about the politicized response to the serious financial difficulties the world faces today. Through his daily columns, as an author, a columnist on Townhall.comand through his newsletter he continues to reach out to Americans with insight and creativity to help focus on how to tackle the financial challenges we see everyday. Bill gives us his insights into the current economic climate and where he sees it all going.