Kerry Lutz's--Financial Survival Network

Bob Hoye, esteemed economic historian, gives us a wide ranging review of what's happening now and what will happen next in the world economy. There's more good news for the US Dollar and more bad news for the rest of the world's currencies. Further contraction in the world economy, the world's stock markets and more bad news for the world's governments. Prices of most commodities will keep going down, but that's good for mining profits as the key components for production will keep going down. Bob believes that Central Banking is pure folly, much like Daylight Savings Time. 

Danielle Park joined us to discuss the futility of QE in the EU and Daylight Savings Time around the world. While the governments try to jump start the economy with a premature implementation of Daylight Savings Time, nothing is going to save the lagging world economy. Consumption continues to decline and little can be done to bring it back. While car sales are booming its completely debt fed and will eventually crash. Investment professionals urging the unsuspecting masses to leverage your vehicle and invest in the stock is just insanity, but all too typical. 

Contrary to what AG Eric Holder says, Dr. John Lott doesn't buy that the Ferguson PD is racist and he shows that the stats don't prove it either. Rather, it's the Holder's DOJ that wanted to prove it's conclusion without looking at the facts or the truth. Yet another case of the teapot calling the kettle black. Not that there aren't problems in Ferguson, but they have nothing to do with racism and everything to do with PC run amok. 

Jim Rogers says things are upside and hopefully not worse than that. We've got a giant artificial wave of liquidity floating about which must come to an end. There's going to be an event that's going to happen which will end it all. Central Bankers aren't going to come to their senses, they are simply bureaucrats and politicians who have never had a real job and don't really know what they're doing. The Swiss Central Bank was forced into breaking the peg because they would have gone bankrupt otherwise. It's all about the folly of man and governments, which never changes. 

Grant Williams says we're reaching the acceleration phase of the crisis and that the central banks are running out of ammunition. Are we approaching a Minsky Moment? What we've seen since 2008 is that central banks have corrupted the natural order of events and reflated the world's stock markets. Unfortunately, this will make it all the more painful when reversion to the mean occurs. This time really isn't different, so get ready because the business cycle hasn't been repealed.