Craig Hemke believes that the Fed will be forced to cut rates at the next meeting on June 18-19. The yield curve has become inverted which is almost always a precursor to recession. Is the economy actually weakening? It only takes two consecutive quarters of negative growth to make a recession. The Fed has run out of choices. Let's see what happens next. 

Direct download: Craig_Hemke_30.May.19.mp3
Category:general -- posted at: 2:38pm EDT

The country has a real problem that's only getting worse. It's often referred to a Trump Derangement Syndrome. But it's gotten much worse. It's now officially Trump-Mueller Derangement Syndrome. And while it's not quite as bad as many other personality disorders, it's still very serious. These people are particularly susceptible to any rumor or hint of wrongdoing on the President's part. That's not to say that there aren't legitimate complaints about Potus 45. Of course there are. But this syndrome has gone way beyond reason. For these sufferers, bad news is bad, but good news is even worse. Where will it end? How do we defeat the liberal pathogen?

Direct download: Dr_John_Huber_30.May.19.mp3
Category:general -- posted at: 1:34pm EDT

It's no secret that silver has been in the dumps for 8 years now. But David Morgan and myself are undeterred. The fiscal irresponsibility, profligate spending, dire world economics and so much more, leads one to the conclusion that an insurance policy is necessary. And precious metals always have been exactly that. And select miners are truly killing it. But it's going to take a catalyst to send prices forward. Or as David says, "Two black swans crashing into each other."

Direct download: David_Morgan_30.May.19.mp3
Category:general -- posted at: 1:32pm EDT

There's a new sheriff in town and as a result Trilogy Metals is on the move. VP Patrick Donnelly tells us that as a result of streamlined Federal environmental/land use regulations, Trilogy is moving quickly ahead with its Arctic and Bornite Projects (located in the Ambler District situated in Alaska's wilderness). The state's governor is pushing for the project as well. As a result, a much needed 211 mile industrial road is being permitted and will be built shortly thereafter. It will connect the district to the Dalton Highway that traverses the State and thereby facilitate development and production of the projects. Trilogy is in the unique position of having high cash reserves with more on the way. Its JV with South 32 could provide another $150 million by next January. The project is a monster with billions of pounds of copper and lots of Cobalt, Gold, Silver, Lead and Zinc as well. It will be producing for decades to come. 


Kerry Lutz:       Welcome. You are listening to The Financial Survival Network. I'm Kerry Lutz. You know we love to showcase companies, sponsor companies that have amazing prospects, that are amazing values especially in this depressed resource sector. One of these companies is Trilogy Metals, which is a little bit of a misnomer but you'll understand why in a little bit. Trilogy is a company that is getting things done. So often in the resource sector viable projects, for reasons of financing, regulation, first nations issues, indigenous peoples, ecological issues, they get tied up for decades literally. This is probably the biggest crime because true wealth is created from the earth, it's extracted from the earth and you just have to look at history to understand that. This company, Trilogy Metals Inc., it's on the NYSE, the New York Stock Exchange and it's under the symbol TMQ. You'll also find it under the TSX. TMQ right now it's trading in the mid $2 range.

Kerry Lutz:        Found out about this company a while ago when I was at PDAC, that's the show in Toronto, the show of shows. Trilogy had by far one of the best stories there, they had a virtual reality display showing the magnitude of their deposit, the extent of their project. It was amazing. Without further ado, I'm going to bring Patrick Donnelly on. Pat, you're Vice President Corporate Communications and Development. You shouldn't be fooled by Pat's title, I mean you started your career 25 years ago as a project geologist exploring for precious and base metals, diamonds in western and northern Canada. I should mention, this project is in Alaska and when you think Alaska you think cold, and definitely here. Pat, it's great to have you back on. This must be an extremely exciting time to be involved with a company like Trilogy.

Patrick D.:        Yeah, absolutely. Thanks, Kerry, for having me on. I keep telling people the stars have aligned. What I mean by that is copper fundamentals are very, very, very strong. We're in a great jurisdiction in Alaska, great support from the Governor and great support from the US federal government. Fantastic relationships with the indigenous peoples, and great support from one of our partners, South 32, which is a multi-billion dollar Australian company. Not to mention, we have a fantastic asset that has some of the highest grades in the world.

Kerry Lutz:        I was recently saw you do a presentation. You were down here in my neck of the woods in south Florida. There was a group, I'd say about 60, 70 very sophisticated investors. When you told them Trilogy doesn't need any money, we're not looking to raise capital. We're looking to raise awareness of the opportunity because the market does not accurately express the value of the company. I swear to God, their jaws dropped, Pat. I mean, well wow, we don't see anybody who doesn't need money. They don't usually come on this circuit. It was quite interesting the response.

Patrick D.:        Yeah, I left the begging bowl back in Vancouver. It's nice not to need money and you can focus on the business. We have $30 million in cash, US. All our warrants are in the money. We have over, I think six and a half million warrants that are set to expire in July and they're all in the money so that will add another $10 million to our treasury. We've got a very ambitious $18.2 million budget this year for exploration work and permitting, and feasibility work at our projects in Alaska. Yeah, it's nice to focus just on the company and tell people what we're doing. Also mention, it's nice that we're listed in New York. Which brings a big sigh of relief to people because a lot of people don't like trading on the TSX or the TSX venture or in the OTC. We're a legitimate company on New York and also have some very sophisticated shareholders as big shareholders and that helps as well.

Kerry Lutz:        Yes, absolutely. There's two projects, two lead projects, you've got others of course. That's Arctic and Bornite. Arctic is the one that's moving ahead. You're currently in the midst of getting a highway permitted. Can you just explain how that works?

Patrick D.:        Yeah, I mean the projects we have, arctic and bornite were discovered decades ago. The issue has never been about whether they're economic or not. They've always been economic, the issue has always been that they're remote. Last five or six years now the Bureau of Land Management of the federal government has been moving forward to permit a 211 mile industrial road to the project. What that would do is link us up to the Dalton Highway. The Dalton Highway is the main highway that goes north south in Alaska, it connects the north slope oil and gas fields to Anchorage. The permitting development in this road is a critical catalyst for this company and the government, like I said, the US government, the BLM has been making incredible progress on getting this road permitted, which will be done by the end of this year.

Patrick D.:        It will be a private road, it will be for industrial use only and the taxpayer will not have to pay a penny for this. This will be financed with a public, private partnership between Alaska Industrial Development Export Authority, which is a state infrastructure bank and ourselves. There will be a toll for the road and the toll will cover the maintenance cost, and the capital cost, and the interest for the debt finance, support the road. This has been done before. This is a model that's been done before in Alaska. The Red Dog Mine, which is about 200 miles away from us, which is owned by NANA Corporation, which is a native corporation and operated by Tech Resources, which is $13 billion Canadian mining company. That mine was built i30 years ago and they needed a road and port. AIDA permitted and financed that road, raised debt in the private markets and the mine paid a toll in the road in the port. They paid it off a few years ago and now it generates around $20 million a year revenue for the state. That model's been done before and it's a model that we're going to apply to the road that we need to support our project.

Kerry Lutz:        Right. A 211 mile highway, that's pretty substantial so I totally get the environmental aspects. All of this is moving ahead and you've got a pretty aggressive timetable, especially because you're dealing with the government and you never know what's going to happen. They seem determined, correct me if I'm wrong, to really get this thing going.

Patrick D.:        Yeah. It's funny, United States right now, unemployment is very, very low and there's plenty of jobs in the lower 48. People don't realize that Alaska is in a recession and that's because historically Alaska is derived I think 80% to 90% of its revenues from the oil and gas industry. The amount of activity has slowed down considerably in the last few years. The governor of Alaska is adamant to diversify the economy of Alaska. One way is to support the mining industry and he's very, very familiar with mining. His three daughters worked at the Red Dog Mine, which is the second largest zinc mine in the world. The governor lived in the area where we are for many years so he's seen the positive benefits that mining has done for the region. It's created a lot of jobs, it's created a lot of revenues for the government and for the local peoples. He's incredibly supportive.

Patrick D.:        Also, I have to give a tip of the hat to the Trump administration in Washington. They truly are pro-business. They're not cutting corners or anything, they're just getting things done. Things are moving and it's very, very refreshing to deal with a government that wants business, they want jobs, they want people, the local Joe's to do well. Yeah, just an absolute pleasure to deal with governments that are very, very supportive. Like I said, they're not cutting any corners, it's just simply making sure that the process is moving along. Like I said, we're going to have the permits for this road by the end of this year. It's a big catalyst for the company. I don't know any other jurisdiction right now globally that's this efficient and this supportive of jobs and generating wealth for people.

Kerry Lutz:        It's pretty amazing and it's 180 degree turn from the prior administration where one of the things that they were doing that was literally going to destroy the mining industry in the US and just drive out the miners was a requirement that once a mine was expended, obviously, there's remediation and that's the right thing, but you would have to monitor that mine for 30 years after it was sealed off, remediated, to make sure nothing happened. Once a mine is closed and it's remediated, unless there's water running through it, that's it. Nothing is going to happen. Normally, in remediation you channel the water away from the expended mine so you don't have ecological issues.

Patrick D.:        Yeah. Nowadays, one you have to have a closure plan. It has to be very, very detailed and well engineered. Two, you got to put up a environmental bond up front so that ... the funds have to be set aside up front to close or remediate the mine. To be completely up front with you, Kerry, in the past 20, 30 40, 50, 100 years ago mining companies were not good citizens. Usually when a mine got depleted, they just simply walked away. That's not how things are done anymore. You have to have a closure plan and you have to have a bond. The closure costs for Arctic is over $60 million. That has to be set aside up front for the remediation closure and monitoring of the mine. Like I said, with the government, all we want is the process to move forward. We're not asking to cut any corners. We have to abide by the rule log, which we will. Not just abide, but do everything above and beyond what's required because the potential effects of mining longterm are significant. We have a partnership with the local native corporation, we have incredible support from the native peoples because they know that we're doing everything to make sure that when this mine does shutdown one day that it will be remediated appropriately. Again, there's funds set aside to deal with that.

Kerry Lutz:        That's definitely a good thing. Hey, let's talk about the resource itself.

Patrick D.:        Sure.

Kerry Lutz:        Two projects, Ambler mining district. The first one is Arctic and Trilogy sounded good at the time I'm sure because there were three basic metals you expected there. As it turns out, you've got like five metals in that one alone.

Patrick D.:        Yeah. Arctic is what's called volcanic sulfide deposit. It was formed on an ancient sea floor. These kind of deposits, the nice thing about them is they're poly metallic. In the case of Arctic, as you alluded to, it contains over 2% copper, 6% zinc, plus lead. Then it's got quite a bit of precious metals in there as well. It has about I think it's half a gram gold and an ounce silver. The beauty is when you do a copper equivalent grade it's 5% copper equivalent. It's a very, very high grade rich mine. What's nice is the precious metals there it gives you optionality. There's historically been an inverse relationship between copper and gold prices so even copper prices go down, well then gold prices are most likely to go up so that's the beauty of this thing. It also gives you financing options as well. This mine's going to generate 160 million pounds of copper, 200 million pounds of zinc, and 30 thousand ounces of gold, and over 3 million ounces of silver and yet the precious metal revenue is only costing you about 12% of the potential revenue. You can do some of the precious metals, you can sell them forward to help finance the project. It's really nice because of the precious metal credits, if you use them in the cost your average cast cost is 15 cents a pound of copper.

Kerry Lutz:        Wow.

Patrick D.:        Right now copper's been under a little bit of precious because of what's going on between US government and China. That being said, even a $2 copper, this thing makes a lot of money. That's what's unusual about this project and that's why it's unique and there's very few projects in the world, if any now, that have these kind of grades and economics.

Kerry Lutz:        Very few. I should mention that as of today copper is trading at about 2.65, 2.66 per pound so it's still profitable even at that price. In all likelihood there's not a lot of major new sources of copper coming on board. Over the years of this mine's life, it's highly likely that copper prices will increase.

Patrick D.:        Oh, the copper fundamentals are very, very strong. Just for example, mining companies have not been putting money back into the ground. Just for example, Codelco, which is the world's largest copper company. It's owned by the Chilean government and it produces about 9% of the world's supply of copper. They've got to spend $3 to $4 billion a year just to maintain the production profile because their grades are going down, their projects are getting deeper. Two of their biggest projects are transitioning to underground. The fundamentals are very, very strong. This year alone, even if there's tepid demand, we're still supposed to go into a deficit. In the next five or six years, we're going to see a real supply side crunch. The fundamentals are very, very strong. I don't think people realize that a modern society is highly dependent on copper. People think a lot about oil and petroleum but don't realize that everything we use in society requires copper. Average car is 50 pounds of copper, average house is 200 pounds of copper, computers, cell phones, dishwashers, toasters.

Kerry Lutz:        Everything.

Patrick D.:        Everything we use is copper. Now with the threat of global warming and the move to electrical vehicles, copper's going to become even more critical. Average electric vehicle is 200 pounds of copper.

Kerry Lutz:        I know.

Patrick D.:        We're moving into what I would call is a renaissance for copper and a copper future. There's no substitutes for copper either. Right now is a perfect time to get in as you said. Coppers at $2.65. Once we get over this thing with China, copper's going to move really nicely and we're going to see $4 copper in the next couple years.

Kerry Lutz:        As we know, aluminum is not a substitute for copper wiring in a home.

Patrick D.:        No.

Kerry Lutz:        It doesn't have the conductivity and there's all sorts of problems with it, as we found out in the past. Hey, not to mention, so looking over at Bornite. We've got six million pounds of copper and 77 million pounds of cobalt. Another metal in very tight supply that is essential to electric vehicles.

Patrick D.:        Yeah. What people don't realize is most of the world's copper comes from the Congo. There's no other supply of copper, I mean sorry, cobalt in the United States. This would be the only cobalt mine in the United States. There's some cobalt in Canada. The vast majority of it comes from Russia and the Democratic Republic of Congo. Cobalt's now been designated as a critical metal by the United States government. Lisa Murcowski, the Senator from Alaska has just put forward a Bill to designate cobalt and a few other metals as critical metals, and strategic metals. Cobalt is used in batteries, obviously, it's also used in specialty steels. Many of these specialty steels are used of military applications as well. Yeah, we've got 77 million pounds of cobalt at Bornite. We have six billion pounds of copper at Bornite, and growing. We've done some work on cobalt and we'll continue with that to see if we can produce a saleable product. As you said, again, this is a strategic metal and strategic for the United States.

Kerry Lutz:        So let's talk about Trilogy's team.

Patrick D.:        Sure.

Kerry Lutz:        Obviously, you're on it, which is a good sign. What about the team? This is a very complicated project, time consuming, and to have one of these projects come to fruition in your lifetime is an amazing thing. To see multiple ones is really an accomplishment.

Patrick D.:        Yeah, Kerry, one thing I've learned, I was also a mining analyst for a while, picking equities and doing analysis. When I've been in this business for, I don't know, 25 years now, I was a geologist, or an analyst, or on the corporate side and one thing I've learned is when you're trying to ... there's thousands of junior mining companies out there and when you're trying to separate the weed from the chaff the first thing I look for is management. I've seen bad management ruin good projects. Also, as you're fully well aware, mining is a complicated industry and I'll even go as far as to say probably the most risky industry out there. Because of that, it just makes management even more critical. Our President, CEO, Rick Van Nieuwenhuyse is one of the best in the business. He wears a lot of hats. He's an Alaskan, he's from there, he grew up there and he's plugged in. He knows all the stakeholders, he's got a home in Fairbanks. That's how much time he's up there. He's plugged in, he does a fantastic job with his relationship with the indigenous groups. You've got to have indigenous support anywhere to build a project and he knows who the leaders are and he develops close relationships with them. Rick was also incredibly technical, he's a geologist. He's been doing this 40 years now and just very strong technically. He's done this before, he turned Nova gold from nothing into a multi billion dollar gold company. Again, he's our leader, he's the one that's leading the charge and he's assembled a really strong team. We've got Elaine Sanders, our CFO. Her and Rick have been working together for close to 20 years. You need a strong CFO in place to move projects forward. Bob Jacko our VP of Engineering, he built the Red Dog mine and was the general manager there. He knows the area, he's built mines in that jurisdiction and that climate. He knows Alaska well. You need, again, strong technical people.

Patrick D.:        Then the rest are Andy West, again, he's an Alaskan. Lives in Juneau, worked in the Greens Creek mine. He's our senior geologist and he's been doing this for 30 years as well. Cal Craig does our environmental work. Then obviously, we have great support from the people of Alaska. Last summer we had 70 people working at our project and 70% of them were indigenous. They were incredibly supportive and productive with our project. Yeah, we've got a great team, I feel very fortunate to work with these people. They're highly competent, they're highly professional, and they know how to work up in Alaska. I always tease Rick, I call him Mr. Alaska. He really is because he knows the Governor personally, he knows all the movers and shakers in Alaska personally, the indigenous groups, and that helps. You see a lot of mining companies in Alaska run by outsiders, but he's not. He's an insider, he's from there, he's a good old boy from Alaska and that helps.

Kerry Lutz:        A definite plus. I guess we should talk about the relationship with South 32, where you're going in the future with them. Aside from the fact that you've got a large institutional holding, including management, it's over 65% so there's not a lot of float in this stock. The South 32 relationship, really important.

Patrick D.:        Absolutely. They've been absolutely fantastic to work with and it's a really solid relationship. Just for your audience, they're a $13 billion Australian mining company. They were spun out of BHP Billiton a few years ago. Their assets are in Southern African and Australia in base metals. They have manganese, nickel, coal, aluminum, zinc, and nickel. They don't have any copper assets so what drew them to us is the fact that we have one of the highest grade, highest quality copper assets in the world and also, they like Alaska. They want to get away from Southern Africa and go to jurisdictions where the rule of law prevails like the United States. We have an option agreement with them, formed a joint venture. They had to pay us $10 million a year for three years for a total of $30 million, which they've done already.

Patrick D.:        Now, to maintain the option and the option itself is the right to form a joint venture, a 50/50 joint venture. If they exercise that, they have to put another $150 million US into the joint venture company. They have to do that by the end of January next year. We fully expect they will do that and it's great having a big company standing behind you. It gives you credibility, it gives the government and other stakeholders comfort that we're building the road for permitting, financing building the road, and it gives us the operational experience and technical experience to build and operate the mines. They've been tremendous to deal with, it's a very good relationships, they're very, very competent and we feel very fortunate to have a partner like South 32.

Kerry Lutz:        Yeah, hey, definitely blessed. There's a good possibility that they're going to commit the 150 million but even if they didn't for whatever reason, that's not going to leave the company out in the cold for very long, or if at all, is it?

Patrick D.:        No, we've got other groups circling that want to get in the door. If they did walk away for whatever reason then they get nothing. They would've put the 30 million into the ground for us anyway and we're well financed. We're in a good position. Like I said, if they walk away, that's actually not a bad thing. Like I said, we'll have suitors lining up pretty quickly to replace them. Whatever way it goes, it's all good for us. I don't worry too much about that.

Kerry Lutz:        Suitors lining up on better terms, too I'm sure. This is a lot different project than from when South 32 signed on.

Patrick D.:        That's a good point, Kerry. When this company originally signed the agreement with them we were at $60 million market cap. Now we're around, our market cap now is almost $360 million US. We're a lot different now than we were a few years ago.

Kerry Lutz:        The projects are that much further along as well.

Patrick D.:        Exactly.

Kerry Lutz:        It's all the more reason to expect them to go ahead. As I've learned, and I'm sure you've learned in life, until the ink is dry on the contract and the funds have been wired into your account, anything can happen. The odds are pretty good, sure. Hey, when we check back with you again say in the next couple of months, where do you think we'll be? The road will be getting closer to fruition, won't it?

Patrick D.:        Yeah. This is a critical year for us and I think the next two big catalyst at least in the next couple months are one, the government issuing the draft environmental mpact statement. That's a big catalyst. As I alluded to before, we have a $18.2 million program this summer. We're going to put $9 million into Bornite of the in field expansion drilling. We're also going to put in another seven million into Arctic for permitting and feasibility study work. Then we're also spending another $2 million exploring the rest of the Ambler Belt. The focus has always been on exclusively Arctic and Bornite but we had dozens of other deposits that we haven't even touched on the rest of the Ambler Belt. We're going to drill some of those and get some noise, and show it to the market that we don't just own two mining projects, we own a whole mining jurisdiction, mining district. The Iberian Pyrite Belt in Spain, similar geology, similar type of deposits, that's been mining since the Romans and it's still being mined.

Kerry Lutz:        Wow.

Patrick D.:        We want to demonstrate to the market what we really have and why companies like South 32 are really, really interested in the story. Lots of news and then end of the year or by the end of October the final environmental impact statement should be filed. Then shortly thereafter, a month or so after or by the end of the year we'll have the record decision and the 44 permit. This year is a big year for the company.

Kerry Lutz:        Big year.

Patrick D.:        Obviously, South 32 has until the end of January next year to exercise their option. This is a big, big year this year, lots of catalysts. Right now is a great opportunity for shareholders or potential shareholders to get in and do well. I don't know any other story like it right now.

Kerry Lutz:        There isn't. There really isn't. Having looked at hundreds of different companies at PDAC, you're one of the top three stories for sure and your virtual reality demonstration at your booth was pretty impressive, I've got to say. One thing is, there's only seven months now, actually six and a half months between ... you've got seven months between January and now. As that time goes by, and as more happens in the company, obviously you can predict the price of the stock. I mean, that's the ultimate forward looking statement that nobody's prepared to make, but it's not unreasonable to expect that as that deadline gets closer price is going to go up. They could pull the trigger at any time. They don't have to wait until January of next year.

Patrick D.:        Absolutely, absolutely. I wouldn't wait until then. There's going to be lots of opportunities to get in and we're seeing this trade war with China right now and there will be days where like the rest of the markets we may see some pressure. That's an opportunity to get in. I went in last December, we saw the markets really pull back, including us. We really pulled back and that's when I came in. I started buying as many shares as I could. I'm getting ready to buy some more. I think this summer's a great opportunity to get shares. Typically, the markets are quieter and it's a great time to load up. Yeah, don't wait until January. I would load up ASAP.

Kerry Lutz:        Hey, no better endorsement than when the insiders are buying the stock. As they say on the street, there's many reasons why insiders could be selling a stock. There's generally only one reason why they buy. We'll leave that to your imagination. Pat, it's been great talking to you and catching up on what's going on with Trilogy. I should mention yet again that the company is traded on the New York Stock Exchange and on the TSX under the ticker symbol TMQ. Last time I looked, it was trading at US dollars 2.67 per share and around 3.58 Canadian. That will fluctuate so that was about a couple of hours ago. The stock chart, which you really should take a look at where you've seen these resource stocks just starting from the left side and going down to the right, this stock has done the opposite. It's been going up solidly for the past two years with pullbacks, of course, because that's what happens in the market. It's been going up pretty steadily and if the trend continues, and don't forget, the trend is your friend at least until the end. It could very well keep climbing.

Kerry Lutz:        Anyway, check out the website because that's where you're going to get the most up to date information. That is, Make sure you take a look at that, there will be a link to that in the show notes to this interview. Patrick, it's always great to talk to you. Sounds like exciting times and wish you the best of luck. We'll talk to you again real soon.

Patrick D.:        Thanks a lot, Kerry. Good talking to you.

Direct download: Patrick_Donnelly_29.May.19.mp3
Category:general -- posted at: 3:43pm EDT

Lies, lies and more lies. You're constantly being lied and there seems to be little appetite for the truth. More and more money gets printed up, the debt goes ever higher and yet nothing seems to happen. Chris believes that the US is immersed in a propaganda bubble, but outside the country he thinks they're a bit more open. But everyone knows there's more than enough propaganda to go around. Underneath the covers things are rotten and close to crumbling. The system defenders and workers are doing their best to keep it all going. 

Direct download: Chris_Martenson_29.May.19.mp3
Category:general -- posted at: 2:16pm EDT

The Fed has missed on inflation for so many years. Jeff believes that inflation has been higher than stated and expected for many years. This has had a profound effect upon workers and the economy. There's a difference between increased output and actual higher prices. It's hard to raise rates when the economy is contracting, but when there's an expansion it's much easier to raise them. Pricing strategy shows up, such as increasing one's price until meeting resistance. Eventually the economy will turn and the rate will decline. 

Direct download: Jeff_Socha_29.May.19.mp3
Category:general -- posted at: 12:10pm EDT

The news coming out of Europe was quite shocking. Even though the EU Members of Parliament have little or no authority over actual EU governance, the Euro Skeptics clearly carried the day. In little more than 45 days since its formation, Nigel Farage's Brexit party won a commanding majority, beating out the Tory and Labor parties by a wide margin. This process was repeated in France and Italy. It shows that there's big changes coming to the EU, if not outright dissolution and this will have repercussions around the world. In other news, we cover many other trends overtaking the globe. 

Direct download: John_Rubino_28.May.19.mp3
Category:general -- posted at: 2:55pm EDT

The New York Times has now said what Gerard has been saying for months/years, Trump will be re-elected in 2020. The economy may slow and perhaps war will break out at any moment, but short of something really big happening, there's a certain inevitability that Trump will win in 2020. The power of the incumbency along with a booming economy presents an almost insurmountable challenge to the Democrat Clown Car. Biden is following the Hillary strategy that worked so well in 2016. Keep a low profile and watch your poll numbers go up. Besides Biden, there doesn't appear to be a viable candidate. Who knows, maybe Mayor Pete Buttplug will be the chosen one. But besides Biden, there's no one out there who can connect with the blue collar middle class. What's a collectivist to do? 

Direct download: Gerard_Lameiro_28.May.19.mp3
Category:general -- posted at: 12:13pm EDT

Our old friend Bron Suchecki joined us from the land down under. He's still writing and is in the bullion space. We had a lengthy discussion about the surprise win for the conservative party under Scott Morrison. Seems just like Donald Trump 2.0, no expert was expecting it. It really was a referendum on climate change and how much damage we're willing to inflict upon our economies to try to stop it. The Aussies decided not too much. Did you know that Australian miners are among the most advanced and have some of the best remediation technologies in the industry? And of course we talked about gold and where it's heading. We love interviewing people from other continents half-way around the world. 

Direct download: Bron_Sucheki_23.May.19.mp3
Category:general -- posted at: 6:49pm EDT

Just when you thought it was safe to import goods from China to the US, the negotiations collapse and Trump imposes further tariffs. The trade war is in full bloom, but who needs whom more? Without US exports Dan believes that China's GDP could decline by 1.5% or more. The US on the other hand may decline .5%. Who wins in this scenario? Dan, who lived in China and has written about it for many years, believes that the war could continue on for quite a while. And then perhaps there won't be any winners. 

Direct download: Daniel_Joseph_22.May.19.mp3
Category:general -- posted at: 2:01pm EDT

It's no secret that things aren't really getting better. A recent survey of the Millennials shows that they're in far worse than any generation since the Great Depression. This is acting as a drag on housing and the economy in general. Get ready for interest rate cuts as the economy slows. Remember, the situation is always hopeless, but never serious. 

Direct download: Gerald_Celanto_22.May.19.mp3
Category:general -- posted at: 12:43pm EDT

Chris Vermeulen joined us today. He believes that the stock market is topping out, if it hasn't already. This will lead to increased volatility and a move back to safe haven assets, i.e. gold. He believes that oil will break down briefly into the 50's and then come roaring back shortly thereafter. The bigger and faster the decline, the fast the bounce back. Interest rates are headed lower. 

Direct download: Chris_Vermeullen_22.May.19.mp3
Category:general -- posted at: 12:41pm EDT

We're all getting older and we need to plan for the day when Medicare kicks in, at 65 years old. Danielle has an effective, tax-advantaged strategy for financing your eventual retirement and Medicare benefits. It all starts with an HSA (Health Savings Account) and a high-deductible medical insurance policy. If you're under 55 you can put away $3500 per annum and deduct it from your taxable income. Over 55 and the number goes up to $4500. Best of all there are no minimum distribution amounts and you can pass any balances on to your heirs. If you're in your 50's or even younger this can be a great way to minimize taxes and you'll be able to pay your deductible and out of pocket expenses in pre-tax dollars, a great savings. 

Direct download: Danielle_K._Roberts_21.May.19.mp3
Category:general -- posted at: 4:12pm EDT

Rob believes that trillions of dollars have been created in a run up to the eventual demise of the dollar. Foreigners are aware of this situation and are starting to cut their losses. The reality is that the American people have been lied to on a vast scale. Rob believes it's the source of most of the world's geo-political problems. If nothing is done the system will collapse and the question becomes when. 

Direct download: Rob_Kirby_21.May.19.mp3
Category:general -- posted at: 2:29pm EDT

There's nothing like fear in the market to make gold spike. Right now the market is displaying weakness but there's no panic. However, if Nick is right this is the start of a new bear leg down. When that happens, get ready. We're not in a bear market, but we are in is a bear phase. Volatility indexes could be a good bet. There's more to come. 

Direct download: Nick_Santiago_21.May.19.mp3
Category:general -- posted at: 12:18pm EDT

As Ned told us months ago, there's a serious African Swine Flu outbreak taking place in China. This has led to the slaughtering of nearly a third of their hog herd. They're quickly trying to make up the difference by buying up the difference in the US. The so-called trade war is complicating things. Ag commodities are getting ready to sky-rocket. Mid-west flooding has led to drastically decreased planting of soy beans and corn. Ned says that in 10 years, a t-bone steak could be a thing of the past. 

Direct download: Ned_Schmidt_20.May.19.mp3
Category:general -- posted at: 4:52pm EDT

According to David Horowitz, the far-Left has gone off the reservation. They're anti-American, pro-Communist and are trying to destroy everything that once made America great. They've had a multi-year war on Christianity and their emerging leaders have no idea what they're doing, or perhaps they do. Either way, they need to be defeated so the country can survive. 

Direct download: David_Horowitz_20.May.19.mp3
Category:general -- posted at: 3:49pm EDT

Google just drive a spike through the heart of Huawei's hearth. No more Android phone operating system for them! Everyone spies, especially the US. Is it better to have Alexa spying on you or the US Government. Neither of them have any concern for your privacy or your rights. Privacy as we used to conceive of it is rapidly disappearing. 

Direct download: John_Rubino_20.May.19.mp3
Category:general -- posted at: 3:27pm EDT

Prepping is an individual decision that depends upon where someone lives and their situation. It's not really about people who build ultra-lux bunkers with decades worth of food storage. Rather, it's about being prepared for local emergencies that can leave families scrambling. First, devise a plan that allows your family to meet at pre-determined locations, should home not be available and should communications be interrupted. It's a good idea to have some food and a water filter. Canned soup is a great nutritional source to store up on. It lasts a long time and is highly nutritious. There's lots more to think about and it's a good idea to pick up Anthony's book about. It's practical and necessary. 

Direct download: Anthony_Kovic_16.May.19.mp3
Category:general -- posted at: 1:11pm EDT

Many people are emotionally tied into their homes. As they get older, their earnings potential declines but they want to maintain their quality of life. That's where a reverse mortgage can help. Rather than doing the rational thing - selling their home while investing the proceeds, a reverse mortgage allows them to eliminate their mortgage payments while still living in their home and thus cut their monthly living costs. It's a good idea to go over this scenario with a financial advisor or accountant to see if it makes sense for you. 

Direct download: Michael_Banner_15.May.19.mp3
Category:general -- posted at: 5:03pm EDT

Many of us look at the precious metals markets and believe that there's something amiss. With all the money printing and geo-political turmoil, it's believed that the price should be much higher. Is it a conspiracy to hold prices down or is the market functioning the way it was intended? Peter believes that the demand just isn't there to make prices go higher. He gives the example, If the US and Iran went to war tomorrow, the price of gold would probably go over $1400, and not even JP Morgan could stop it. Interesting theory, we all have our own opinions on the subject. 

Direct download: Peter_Hug_15.May.19.mp3
Category:general -- posted at: 1:49pm EDT

Nathan Lewis writes, "I think the time is coming for an idea that is so old that it is new again: cutting the Federal government in half.

The idea is: cancel all Federal welfare-type programs, including all means-tested welfare programs (apparently there are over 150 of them), all healthcare-related programs including Medicare and Medicaid, all education-related, arts-related and housing-related programs, and anything else of this sort — in short, most everything except for the military, national parks, and maybe some public works. Social Security could eventually be reformed to a system of private retirement accounts, known as a “provident fund” system and in use today in over thirty countries.

No “block grants” or other such schemes. Just terminate the programs. This would make State governments responsible for all such welfare-type programs, to do as they see fit, and to impose taxes appropriately to pay for them. Give them twelve months to get ready. States like California and Massachusetts would be free to introduce the single-payer healthcare system of their dreams, while other states, like Utah or Texas, might have more private-sector-based solutions. States are active in all of these spheres already."

Direct download: Nathan_Lewis_15.May.19.mp3
Category:general -- posted at: 1:16pm EDT

It's no secret that the average worker's income has remained stagnant for decades. This has happened in the face of rising productivity and technological innovation and increased corporate profits. So what's a politician to do? Impose tariffs and blame the Chinese. At least that's what Danielle is thinking. At the same time, the economy could very well be headed for a slow down. How convenient, blame the eventual recession on the Chinese. 

Direct download: Danielle_Park_14.May.19.mp3
Category:general -- posted at: 4:33pm EDT

Now that the Mueller Investigation is over perhaps the truth can finally be told. Was there a plot to depose a duly elected president? Was it hatched at the highest levels of the Obama Administration with the invaluable assistance of the deep state, our intelligence agencies and foreign intelligence operatives? It looks like it's all about to come out. President Trump is promising to declassify all the relevant documents that will shed cleansing sunlight upon the cancerous rot in today's body politic. Which is probably why the rats are running for the exits. 

Direct download: Matt_Nye_14.May.19.mp3
Category:general -- posted at: 11:52am EDT

President Trump pushed the button and the tariffs blasted off. What will be the net result? Will there be a redefinition of the China - US trade relationship? Now that the trade war has taken off in earnest, where will it all end? Where's the conversation about things we can agree upon? 

Direct download: John_R_Grace_14.May.19.mp3
Category:general -- posted at: 11:48am EDT





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