The Fed pumps another $75 billion into markets — its 3rd straight daily injection.The Federal Reserve jumped into financial markets for a third straight day on Thursday in another attempt to keep interest rates from moving higher.The central bank has injected a total of $203 billion into markets this week — $75 billion on both Wednesday and Thursday, and $53 billion on Tuesday.

This week marked the first time the central bank has taken such steps since the global financial crisis 10 years ago. Visit the Markets Insider homepage for more stories. The Federal Reserve jumped into financial markets for a third straight day on Thursday in another attempt to keep interest rates from moving higher. The New York Federal Reserve said late Wednesday that it would inject another $75 billion into the market on Thursday to keep the federal funds rate within its target range. Short-term rates had earlier this week shot up as high as 10%, threatening to disrupt the bond market and the overall lending system. When will we return to the way things used to be?

Direct download: Al_Caciedo_25.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

Charles Nenner has been calling for higher gold/precious metals prices for a while now. The market has finally caught up with his forecast. Gold will start rising again next year and eventually hit the $2500 mark. Look for a much more volatile VIX index, lower energy and food prices and a hastening of the deflationary trend. Strong dollar, low rates and higher bond prices. It's going to get interesting real soon, real fast. For more go to www.

Direct download: Charles_Nenner_25.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

Kevin Price says, "So you have read Four Hour Work Week, The E Myth Revisited, and Rich Dad Poor Dad, but have little to show for it but a good read. Kevin Price, host of the nationally syndicated Price of Business radio show, explains why this happens and what one can do about it in his compelling book, Making New Rich Books work for You. It is based entirely on his own struggles."

Robert Kiyosaki author of the mega bestselling "Rich Dad Poor Dad" and frequent guest on the Price of Business says the following about Price's show “The world is changing too fast to be listening to people who have no idea what they’re talking about, so listen to Kevin Price. He’s into real financial education.”

Price argues the problem is not with the books people read, but the mindset of the reader. The way the reader thinks and even feels about money is often sabotaging them before taking any action.

Direct download: Kevin_Price_24.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

Since debt was created, the Repo Man was there to handle defaulting debtors. There's a new Repo Man in town and that's the Federal Reserve. They are there to turn bank's paper into cash and bank's cash into paper. Since 1917, it all worked very well except for a few noteworthy events, like 9/11 and 2008, when the markets seized up. Now it's happening again. Why is there no liquidity? Where did all the buyers go? Michael Pento understands where the economy is headed, but he believes you should be earning an attractive return until the last domino falls. And what's wrong with that? 

Direct download: Michael_Pento_24.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

The usually staid Repo (repurchase agreement) market was anything but staid last week, with rates rising from 2.25% to 10% literally overnight. For those of you not in the know, banks will sell off their treasuries and other triple AAA government securities to others for one or two nights in exchange for cash. Then, if all goes well, which it almost always, does except in 2001 and 2008, the transaction automatically unwinds in 24 to 48 hours. It's a mainstay of the financial system. The fact that rates shot up the way they did less than a day could mean a large bank is underwater and was unable to repurchase their securities or the collateral was pledged to several lenders or something equally as bizarre. Either way, it could well be a canary in a coal mine moment for the global financial system.

In other news, we propose a very simple and likely scenario for the Whistleblower kerfuffle. It all comes down to orange man bad. He set the whole thing up to expose a couple leakers including Adam Shiffty and to get the Biden scandal out in the open where the press would be forced to cover it. And as usual they fell for it. Will the media ever learn? No, it's against their nature.

Direct download: TLR_472_24.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

Otis Gold Corp. has been acquiring & developing high quality precious metal deposits in the Western USA. Its flagship Kilgore Project is in Idaho. Agnico Eagle is a key strategic investor.  Its preliminary economic assessment for Kilgore revealed a rich IRR at over 50%.

We discussed Otis's prospects with CEO Craig Lindsay and head geologist Alan Roberts and why they're so upbeat about its future.

CEO Craig Lindsay worked for 20 plus years in finance, investment banking and business development. He was CEO of Magnum Uranium Corp. and handled its sale to Energy Fuels Inc. (TSX:  EFR) in July 2009.

Alan Roberts has over 25 years global experience at various exploration and resource development around the globe. He's highly credentialed and was bitten by the mining bug at an early age. He's particularly excited about the prospects of making the Kilgore Project into a mining district and very much believes in its potential. 

Direct download: Otis_Gold_Live_Interview_Denver.mp3
Category:general -- posted at: 9:00am EDT

Trayvon Martins life came to an unfortunate early end. But the hoax about his death has lived on. Until now. Moviemaker Joel Gilbert has blown the lid off of corrupt prosecutors, opportunistic race baiters and a complicit media. While the trial exonerated George Zimmerman from criminal culpability in the case, race hustlers like the Rev. Al Sharpton and attorney Benjamin Crump fielded a false witness and completely divided the nation in the process. Race relations have been straight down hill ever since. See the movie with the link below. 

Now on Amazon Prime Video: 

Amazon Prime – The Trayvon Hoax

Direct download: Joel_Gilbert_23.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

Debt keeps on increasing at increasing rates. That should be good news for the repo market. And yet, Fed's Repo man is in a quandary. How could chaos reign in a stodgy market that's been around since 1917. The premise is simple. Buy securities to loosen liquidity. Sell securities to tighten liquidity. But Houston, we have a problem. This market broke down and no one has really explained why. That's what happens in an over indebted society. Markets breakdown, almost at random. 

Direct download: John_Rubino_23.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

No man ever entered the Presidency so profoundly and widely distrusted. ”A rich, New Yorker who never held an elected position in his life was thrust into the highest office in America: President of the United States. Because of his background in machine politics, the country groaned when he became president—expecting him to fail. Instead, he surprised them all by reforming deep-set corruption in The Swamp. It’s probably not the president you think it was. In Chester A. Arthur: The Accidental President (Regnery History; September 17, 2019; $29.99), John M. Pafford paints the portrait of how the unlikeliest man to become president unexpectedly rose to the occasion and lead America in its first steps to becoming a world power. There’s lots of parallels between now and then and we discuss them in depth. Probably the first in a series by John that will cover what were thought to be inconsequential POTUSES. 

Direct download: John_M._Pafford_19.Sep.19.mp3
Category:general -- posted at: 1:09pm EDT

It’s not just the change that gets you, but the change in the changes. People don’t get what’s happening. Mass bird die off. People demanding a green new deal that they don’t really want. Imagine a world with no planes and autos. But what is obvious is that the chaos quotient is getting higher. You just have to look around and you'll see what's really going on. 

Direct download: Chris_Martenson_23.Sep.19.mp3
Category:general -- posted at: 2:08pm EDT

The Fed did it again, cutting rates another 25 basis points. Jim believes they’re cutting to head off poor economic news. If the news doesn’t come, then Jim believes they won’t cut at the next meeting. The Fed has some wiggle room. Perhaps it’s a move to keep the dollar from going higher to help exports. Reasonableness is no longer a factor in any discussions or actions about the economy. Maybe that will change. 

Direct download: Jim_Welsh_19.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

Paul Gibbons is a fellow podcaster using science and philosophy to further his audience's knowledge. He's opinionated and very secure in his beliefs, but that doesn't mean he's not open-minded. He's willing to look at the facts and change his opinion when required. We talked about why media figures on the right succeed while those on the left fail. As I stated, "It's not the message, it's the messenger." People connect with their favorite media figures and may or may not buy into their message. Paul, unlike most of his political grouping, acknowledges that Donald Trump is a genius of messaging and connecting with his followers. We could all learn a lot from POTUS 45 in that regard. 

Direct download: Paul_Gibbons_18.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

Heye Daun has over 20 years experience working in mining and finance. His two most recents forays resulted in discoveries, company sales and big profits for shareholders. Could the third time be the real charm? Heye and his team are advancing yet another successful mining venture, Osino Resources, which just-released highly encouraging drill results that show evidence of a very significant gold discovery.  

Heye was born to a ranching family in Namibia. Career-wise he had a choice: ranching or mining. He opted for the latter and in retrospect he made the right decision. So far Osino is 4 for 4 in its drill campaign. That's right, all their drill holes have come up positive and they're waiting on the results for the last 3. Being young and ambitious, Heye has many new discoveries ahead. We'll be watching closely. 

Direct download: Heye_Daun_17.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

Our good friend Nick Santiago is still very bullish on the yellow metal and the shiny metal too. He sees a period of consolidation followed by more gains, likely before year's end. He's also seeing an end to Fed easing, no more rate cuts, for better or worse. Interest rates have bottomed and should see some increases ahead. Oil is right around where it should be and will probably stay close to its current level, barring a new MidEast war. One further note, Nick says buy the dips on gold and especially silver. You'll be glad you did. 

Direct download: Nick_Santiago_18.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

According to our good friend Jeff Berwick, reality is completely upside down and reversed. Like in Orwell's novel 1984, ignorance is strength, slavery is freedom etc. People in America believe they're completely free, when in reality the opposite is becoming more true by the day. Jeff's prescription is anarcho-capitalism, free trade in the absence of any government. Whether it's workable or not is anyone's guess. Regardless, Jeff believes that you need cryptos and gold to help weather the coming storm. Along with a positive mental attitude, because eventually things will get better. 

Direct download: Jeff_Berwick_17.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

Two weeks ago Jyske Bank, Denmark’s third-largest bank, shocked the world by offering mortgages with a negative interest rate. Put simply, the bank would effectively pay customers to borrow money. It’s a bit more complicated than that, however, as borrowers have to pay fees that offset the savings.

The news got loads of attention, as people struggled to wrap their heads around being paid for something they are supposed to be purchasing. Consumers around the world wanted in on the action.

The weekend following the negative mortgages announcement, Jyske Bank received 80-90 inquiries from Americans who wanted these viral mortgages.

It’s all been rather amusing for Jyske Bank and its housing economist Mikkel Høegh, who has had to deal with all the attention.

“What I have said to the Americans is that they have to have a Danish property to get such a loan,” Høegh told Yahoo Finance in an email. “Some of the Americans then asked if I could help them buying a property in Denmark. I can’t with that but we can help them with the funding if they get the house.”

Jyske Bank has had to do a lot of clarifying; there’s a widespread misconception that the bank is actually paying borrowers to take their money. First of all, the bank is not actually paying anyone; it is simply forgiving part of the loan each time a payment is made. A mortgage borrower is likely to end up paying Jyske back a little more than they borrowed, factoring in fees and charges associated with arranging the mortgage loan.

And the bank can afford to do this without losing money because it borrows at negative interest rates as well.

“The experience has been quite good,” Høegh told Yahoo Finance in an email. “Many people like to hear about the loans and apply for them.” Høegh added that the country was amidst a historic refinancing of mortgages. Mortgage debt in Denmark increased in 88 of 98 municipalities, according to Denmark’s national bank, with most customers choosing fixed rates.

Though only Denmark has done this so far, the German Bundesbank has indicated that these loans would also be “conceivable” and wouldn’t be against them, according to the Stuttgarter Zeitung and Bloomberg.

How it works

Denmark has had low interest rates for a long time, and the country’s banking system has a closer than normal relationship between borrowers and investors, facilitated by banks.

Because interest rates have gone down and the prices of mortgage bonds have gone up for investors, those rates can be passed on to borrowers — creating negative mortgages if they’re low enough.

The fact that banks and investors are willing to invest with negative returns is not necessarily a good thing, because it shows they would rather take a small loss than lose more elsewhere, because they view the economy as less-than-healthy. Though negative interest rates aren’t new in Europe, they are breaking new ground, from these types of mortgages to Germany selling a negative-yielding 30-year bond for the first time in August.

Despite being in “historic remortgaging,” Høegh said the negative interest rates don’t actually make it any easier for home buyers to get a loan, but makes it easier to get a bigger loan – a lower rate means a higher disposable budget.

“People find the new loans very attractive, but I don’t think that it is a big surprise for them,” said Høegh. “The most surprising thing is that de-link between the real estate prices and the interest rate is in these years less significant.”

Jyske Bank's graph showing the amount of new loans over time.
Jyske Bank's graph showing the amount of new loans over time.
In other words, a flurry of borrowing and higher-value loans hasn’t had a big effect on housing prices, even though many of these loans are used to buy property or renovate.

Nordea, another bank in Denmark that began offering zero-interest 30-year loans, hasn’t seen much of a change, on the other hand, perhaps illustrating that despite global coverage, it hasn’t had much of an effect.

“We don’t think that anything has changed,” said Lise Bergmann, housing economist and chief analyst at Nordea. “The investor interest is more or less the same as before the news coverage.”

Looking at a chart regarding new loans provided to Yahoo Finance by Jyske Bank, the answer is probably somewhere in the middle. There has, indeed, been a surge in new loans this summer, but on a 20-plus year chart, it’s not as breathtaking as one might expect from a negative-interest mortgage.
Direct download: Debbie_Boyd_18.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

Missiles are flying in the Middle East, Saudi oil production has been halved and we're worrying about negative interest rates. Trump is proving to be the Master Debaser. Lower interest rates will cure all the world's ills. Precious metals can't accommodate all the world's flight capital. Therefore, the US stock markets have become the home for scared money. What other choice is there? 

Direct download: John_Rubino_17.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

Repurchase agreements or Repos are a cornerstone of today's leveraged economic system. They've been around since 1917. It's a way for banks to eke out a few more basis points on their bond holdings. Just yesterday the interest rate shot up from 2.25% to 10% overnight. This situation is unheralded. When things start going wrong in this market, there's likely major problems ahead. It's a market based on trust and certainty of repayment by banks and other major financial institutions. When they lose faith as they did in 2008, bad things happen. Like credit freezes and potential bank failures. Will 2019 be a replay of 2008? Let's see what happens next. 

Direct download: Danielle_Park_17.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

When it comes to dealing with attorneys, the average person is at a loss. If you've gotten injured or have a case, it can be very difficult to connect with a lawyer. Byron is trying to change all that. He's a regular guy who wears tank tops and shorts to the office. He's covered in tattoos and speaks the language of the common man. But Byron is a fighter and he knows when to stand his ground. In today's crazy dysfunctional world, Byron could be the right anti-layer for you. 

Direct download: Byron_Brown_16.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

Arch Crawford finally saw gold's new ascendancy and made the call before it broke out of it's near decade doldrums. According to Arch there's more to come. We'll be looking ahead to lower stock prices, softening of real estate markets and continued decrease of interest rates. We're living in interesting times. 

Direct download: Arch_Crawford_16.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

Greg Crowe was enjoying a peaceful retirement and was in the middle of a bike ride through Vancouver's Stanley Park, when he got the call to take over the helm at Silver One Resources. Dressed in his bike garb, he rode over to the recruitment meeting and was immediately offered the position. Now he's biking less, as he's totally committed to building Silver One Resources. The Nevada Candelaria Project had a remarkable run as a high grade silver producer. It shut down in the late '90's when $5 silver made it uneconomical.

There's likely to be at least 50 million ounces sitting on the leach pads alone and Greg's working over-time to recover it. In addition, the project also has great potential as numerous resources were identified by a prior owner but followed up on. Numerous historic mines there also show promise. That's why the Company has been further expanding its land package as well.

As if all that wasn't enough, the Company staked out a new claim in Eastern Nevada - Cherokee - located near a historic mine. It appears to have numerous veins that have never been drilled upon. Near the northern part of the historic mine, they've found extremely high grade veins of 1900 grams per ton. As we speak, there's a crew on site doing more mapping and a geophysical survey along with drilling is in the offing. Greg is still amazed to have found a property of this caliber that was open to staking, a true rarity in modern Nevada. 

Direct download: Greg_Crowe_Ver_B.mp3
Category:general -- posted at: 2:23pm EDT

We’re truly in Bizarro Land. Negative interest rates are the death knell of a financial system. In Sweden they’re giving negative rate mortgages. The system cannot function for long in this current state. A breakdown is inevitable. It’s just a matter of when. It’s a page right out of 1984. Ignorance is strength. You can’t reward savers with negative rates and not expect extremely anomalous behavior to emerge. When debtors get paid to borrow and savers get charged to save, the system is stood up on its head. The end is nigh. 

Direct download: John_Rubino_10.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

While the powers that be's control over gold and silver has diminished they still manage to exert undue influence over the market. Gold hit $1550 and silver was heading towards $20. This state of affairs could not be allowed to continue. On a given day da Boyz still have the power to bring the market down. But the affects are only limited, lasting for just a few days. The canary in the coal mine has come back to life. And that's a good thing. 

Direct download: Rob_Kirby_10.Sep.19.mp3
Category:general -- posted at: 5:54pm EDT

Our good friend Peter Grandich is back in the rotation. He believes that he’ll never see another bull market in stocks during his life time. And Peter’s not that old. He’s all in on gold and precious metals. And he did that last year, just in time for the emergent precious metals bull. Timing truly is everything in life. 

Direct download: Peter_Grandich_09.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

Daniel McAdams runs the Ron Paul Institute for Peace and Prosperity. At a recent event for your adults, he was shocked. His audience was intelligent, dressed well and very engaged. When we hear stories such as these, there's definitely cause for optimism about the leaders of tomorrow. We reviewed the current state of world affairs and how President Trump is turning out to be the ultimate non-interventionist. But the forces of the Deep State are lined up against him and opposing his every policy. In the end, Trump will prevail against most of them, because they've never encountered opposition like him before. 

Direct download: Daniel_McAdams_09.Sep.19.mp3
Category:general -- posted at: 9:00am EDT





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