Kerry Lutz's--Financial Survival Network

Bill Holter has been observing the current world crisis with increasing alarm. The debt merry-go-round is spinning faster and faster out of control. Now that ECB has begun QE in earnest and the Swiss have broken the Euro/Franc peg, it's hard to imagine how much longer the system will stay afloat. Greece's debts are unsustainable, the derivatives bubble is about to be popped and counter-party risk is about to become the term dujour. Will there be a systemic collapse leading to seizure of the credit markets? Bill thinks it could happen, but we all certainly hope not. 

It's been a while since we last connected with our good friend and colleague Jay Taylor. We've learned much from him over the years. One thing is that governments never learn and that they'd rather keep giving out goodies and feeding their socialist programs, the truth be damned. That's one of the reasons the world finds itself in the current crisis, failure to treat its citizens as grown-ups. Until we all understand that there are no free lunches or EBT cards, we can expect the crashes to keep on coming and to keep getting worse and worse. 

Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and produced the syndicated radio program, Health News. He has written 22 books and two documentary videos. In 1996 he created the documentary The Moneymasters. He believes that the current world problems can be traced directly to the financial industry's control of the money supply. By allowing large financial institutions to control the creation and supply of monetary units, governments have given up sovereignty and allowed the current crisis to occur. His solution is simple and he believes the results would be fast and effective. Listen and let us know what you think.  

Whatever it Takes Wednesdays with Andrew Hoffman:

plunging global interest rates     

                -15 nations cutting this year, including China today

                -negative interest rates, the end of fiat currency

Greece, PIIGS

                -debt negotiations

                -votes (Greece, next Spain/France)

U.S economy plunge

                -layoffs, horrible GDP (with 0% deflator, massive inventory build)

                                -1Q will be horrible

Record gold demand to start the year - 50% above last year's record level

                -sold out of platinum

                -U.S. Mint silver eagle sales well above last year's record pace

Unprecedented PM attacks, particularly ahead of last week's COMEX options expiration and after Greek vote