David Erfle and Kerry Lutz discussed the differences between the price of metals and stocks, and how the lack of retail investors in the sector has allowed for manipulation of stock prices. They also discussed the debt ceiling and how it is used as a political tool, and how it is ultimately meaningless.

The also talked about the current state of the market, the effects of inflation and deflation, and the importance of being patient and accumulating quality juniors. David explained his service's ability to help identify the right stocks and keep investors informed about the sector. Lastly, they discussed the Precious Metals Summit in Colorado in September and that both of them would be attending.

Visit David's site at: https://JuniorMinerJunky.com

Visit us at https://FinancialSurvivalNetwork.com

Direct download: David_Erfle_24.May.23.mp3
Category:general -- posted at: 8:01am EDT

Kathleen Day has written a book about the history of financial crises in the US, which have been occurring since the founding of the country. She explains that while deregulation can be beneficial, it must be accompanied by increased oversight to prevent crises. People tend to forget the lessons of the past and take more risks when other people's money is at stake. The reserve requirement is meant to protect against liquidity crises, but if the demand for deposits continues, banks can still become insolvent and taxpayers must pay the price.

Kathleen Day discussed the similarities between the financial crisis of the 1980s and the current situation, noting that both had to do with inflation and interest rates. She also discussed the role of the government in regulating banks and the need for stress tests for all size banks. Lastly, she discussed the dangers of moral hazard and the need for banks to be conservative in their investments.



Direct download: Kathleen_Day_.May_19.23.mp3
Category:general -- posted at: 8:00am EDT






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