Kerry Lutz's--Financial Survival Network (general)

Go to FinancialSurvivalNetwork.com for the latest info on the Economy, Markets and Precious Metals. 

"Ranting" Andy Hoffman is shocked there's manipulation going on in the precious metals markets! No not really, if you've been listening to this show, you know the only time Andy is surprised is when manipulation isn't occurring. We live in an era of rigged markets, guaranteed profits to a select few, and assured losses for the rest of us. Seen in this context, with the rigged employment numbers being released upon a lazy, intellectually uncurious media, is it any wonder that these things keep on happening? That's why buying physical metal gives you the best off all possible worlds, no counter party risk and t value. What could be better than that?

FinancialSurvivalNetwork.com presents David Morgan's precious metals panic report:

Whenever the going gets tough, we count on David Morgan to help clear up the muddy waters. There's so much going on in the world right now, and it often seems impossible to make any sense out of it. David expects rough sledding for a while longer and sees that ups and downs are a necessary part of the market action. He is one of the foremost world authorities on precious metals, especially silver, and has an excellent grasp on overall market demand. His previous analyses have shown there is ample supplies of silver, largely due to the scrap market. But, certain things have changed; among them declining solar power cell demand and increased investment demand. Stay tuned for upcoming discussions of overall supply. At some point, expect industrial users to jump back into the market to secure supplies. 

Go to FinancialSurvivalNetwork.com for the latest info on the Economy, Markets and Precious Metals. 

Go to FinancialSurvivalNetwork.com for the latest information on the Economy,

Markets and Precious Metals. 

Chris and I called it last week. Holiday weeks are prime for metals manipulation by Da Boyz, especially when there's an employment report due as well. No need to worry, these schemes have a way of working themselves out. Look at it as an unannounced K-Mart Blue Light Special. Prices on Silver and Gold have been cut to the bone, compliments of the Fed. Just another of many subsidized buying opportunities. It's almost enough to make you believe that the government really cares about you. 

Go to FinancialSurvivalNetwork.com for the latest information on the Economy, Markets and Precious Metals. 

Bob Chapman is unworried and unconcerned over the precious metals smack down. Many of us saw it coming from several weeks back. The markets almost always gets slammed with the monthly release of the employment survey. Combine that with a holiday week, where the markets are thinly traded, and you wind up with what we're seeing now: declining gold and silver prices and market mayhem.

Go to FinancialSurvivalNetwork.com for the latest information on the Economy, Markets and Precious Metals. 

Last week Peter Grandich and I made the call that this week the precious metals markets would get hammered. We noticed that holiday weeks usually bring thinly traded markets, which are ripe for manipulation and elitist raids. No sooner did we post the interview from Thurs. 3/29, then wham! The precious metals markets are behaving like Paul Volcker was just appointed Chairman of the Fed. Don't get us wrong, Bernanke is no Volcker, but this, like everything in life, is temporary...nothing has changed!

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Dr. Alan Ellman is a dentist, but he's also an investor's investor. He's developed a unique system for selling covered calls to guarantee high returns with an extremely low risk of loss; he's been doing it for years. He's written three books on the subject, and he's got thousands of people paying attention to his simple yet extremely effective system. He's at the forefront of successful stock investors because his system requires very little time, not much mathematical capability, and yet has proven to be extremely profitable in both up-markets and down-markets. 

There's never a guarantee in life, and there's certainly no guarantee here either. But, savvy investors never look for guarantees, they look for effective ways to minimize risk and achieve oversized returns and that's exactly where Dr. Ellman excels. Be sure to check out Dr. Ellman's site heck out thebluecollarinvestor.com.

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www.FinancialSurvivalNetwork.com presents:

Steve Skidmore of www.EndlessFraudDetection.com explains the rampant mortgage and foreclosure fraud that have taken place and how you can protect yourself from it. Many of you have asked me what you can do to stop from getting wrongly thrown out of your home. Well, the answer is, there's a lot you can do if your loan has been fraudulently documented and illegally transferred. The Federal Government has recently settled a lawsuit over illegal foreclosures with the major banks around the country. This settlement appears to open the way for banks to put their foreclosure operations back into full gear. But it also gives you certain rights and remedies that you need to know about. Steve can help you find a way out.

 Go to www.FinancialSurvivalNetwork.com for the latest info on the Economy, Markets and Precious Metals.

"Ranting" Andy Hoffman is back for another Monday Rant. We talked about noted gold investor Jim Sinclair and his decision to flee the US before it's too late. While Americans have a number of options regarding where to flee, before the ultimate collapse of the greenback, there really are very few choices. There's so much anti-American sentiment around the globe, one can only wonder how much worse it can/will get if a systemic collapse that leads to mass global disorder occurs. While it will be easy to blame the US for causing it, it will greatly limit your choices on where to flee to.

Andy believes sticking it out in the good, old US-of-A will be the best choice for most of us. While it may not be a good idea to move to a large city, put all your wealth in a "zombie" bank and hope for the best, there are number of viable options that you should consider. Storing some food, having a backup generator and keeping a supply of needed drugs on hand is always a good idea because supply chains can get interrupted. It's best to be prepared rather than surprised! Remember that old military adage, "Proper Planning and Preparation Prevents Piss Poor Performance!"  

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Mickey Fulp, the one and only Mercenary Geologist, gets into the down and dirty of market performance for April. The Canadian Government/Mint has thrown in the towel on the penny. Did you know a Canadian Penny is worth 1.5 cents? How's that for guaranteed return on investment? Also, Uranium is down, but hardly out! Japan will be restarting nukes again very shortly, and the rest of the world is building them at an incredible rate.

Natural gas should be buried and put out of its misery shortly. The price hit $1.96 per mcf last week, and there's no relief in site. However, for those drillers who have "take or pay" contracts in place, or those with wells producing generous amounts of wet gas, the price drop is less relevant. Emerging markets were down in March, but they are still up smartly for the year, as were the Dow and Nasdaq. The Shanghai Index is looking very oversold and ready to crash. BUT gold and silver are up today and still up for year. 

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Ty Andros, of Traderview and TedBits, is mad as hell, and he's not gonna take it anymore. The corruption of the government has reached epidemic proportions. The economy is tanking way more and faster than virtually anyone is aware of. The political situation is a complete disaster. There's little, if any, hope Washington is going to get its act together, certainly not within our lifetimes! So where does that leave you? You must invest what assets you have left into things that will survive the current economic system and its impending collapse. If you're thinking precious metals, that's a great start.

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Chris and I discussed many alarming events happening around the globe. Like Britney Spears' sale of her house in California so she could move in with her fiance. Then there was Nicki Minaj's wardrobe malfunction on American Idol and her beef with JLo. Forget the dollar losing its reserve status or constant and continual manipulation of the gold and silver markets. There are so many other negative events which are occurring just beneath the surface. It is often said that markets determine the headlines, rather than the headlines determining the markets. Or perhaps we are just seeing the pre-holiday calm before what promises to be the mother of all economic storms. Either way, April has always been a consequential month, with both the Revolutionary War and the Civl War starting in the fourth month of the year.

Are we predicting war or worse? Hardly! Just beware of the signs of quickening economic turmoil that the world has been attempting to get a handle on for the past four years. 

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Dr. Joseph Salerno economics professor at Pace University, my alma mater, graciously sat down with FSN today to examine the reasons why we're experiencing the continued and extended global economic collapse. While there are many causes, first and foremost is the drift away from honest money to fiat money. This, of course, was facilitated by the Federal Reserve. It has enabled the world to run tremendous deficits and debase currencies around the globe. It has also fueled the wave of militaristic adventurism we've been experiencing for decades. 

Dr. Salerno has dedicated his life to educating and enlightening students to the history of money and monetary collapses. Inflation is always a symptom of far deeper problems and this time is no different. Dr. Salerno is one of the best known Austrian School Economists in the world; he is Vice President of the Ludwig von Mises Institute. The Mises Institute provides invaluable information and resources to combat the forces of economic ignorance and Keynesianism. The battle is being waged on mind at a time, but when the currency collapse is felt by all, the pace will no doubt accelerate. 

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Gary Gibson of WhiskeyandGunPowder.com is thinking about spreading the wealth. No, not giving it away to undeserving parasites who pray upon the producing class. But rather, diversifying his assets to other countries around the globe. This could mean buying real estate in South America, putting gold and silver beyond the reach of greedy bureaucrats, or other measures aimed at ensuring the financial crisis doesn't take you down with it. 

Gary's concerned about creeping totalitarianism, and the extent the government will go to finance its burgeoning operations. Government is like an injured wild animal that's been cornered. It will stop at nothing to ensure its survival. So, as always, it's best to be prepared and to keep your options open. 

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Drug dealers and other citizens outside the main stream economic system are cleaning up money laundering's new image with Extra-Strength Tide. It really gets the Feds out; seems stolen Tide laundry detergent has almost become an alternative currency in certain parts of the Country. While it's not exactly portable or very convenient either, it has its uses. While the government is attempting to phase out physical cash, entrepreneurs of every walk of life will seek substitutes. This is just a basic law of economics and nothing can change it. So after Tide, what will come next? Perhaps that 450 million rounds of ammunition Homeland Security has ordered is really the foundation of new monetary system. Bullets are easy to carry and extremely portable; and a box of cartridges is very divisible. We'll see when they start stamping denominations of the outside, then we'll know for sure.  

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Peter Grandich has a new contrarian indicator, The GNEMI-The Grandich Nasty Email Indicator. These days he's getting a lot of negative feedback about gold, silver, and junior mining prices. Bulls are starting to lose faith, but not Peter. He's been in these markets for decades, and he knows that cycles always repeat themselves, no matter the market. He's expecting selling pressure in the wake of next week's religious holidays. Major holidays always lead to thinly traded markets, which inevitably lead to opportunities to manipulate prices. With all the unbacked paper floating around the metals markets these days, it's a pretty safe bet. 

However, don't forget that demand for the precious metals is booming all over the world! China, India, Vietnam and so many other countries have stepped up their purchases. How much longer can the market proceed before price discovery reasserts itself? Probably not too much longer, and when it does happen, it will be the cover story on all the financial publications around the world. 

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Gary Wagner of TheGoldForecast.com believes the precious metals correction is probably over, and we'll see a quick run up for gold to around $1760 per ounce. The current weakness in metals prices is a good opportunity for long term and short term buyers to get in and capture profits. The markets are following very predictable patterns according to Gary's interpretations of Elliott Wave Theory and Japanese Candlestick Formations. While the markets have been violent and no doubt manipulated, the patterns are nonetheless very clear.

Gary sees the precious metals bull market continuing for at least another year and a half. It's always dangerous to predict markets with exact timing. If you're wrong, you get belittled. If you're right, the naysayers just claim that you were lucky--much like a stopped clock is right twice a day. But, we'll bet that Gary's projections are more a result of skill than luck. 

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Chris Mayer has travelled the world seeking out investment opportunities in the least likely of places. People in the lesser developed countries of the world see what citizens of more prosperous areas have and how they live. This has lead to a global modernization drive to bring these countries' standards of living up to the Western World's standards. While there's a lot of uncertainty and fears about what the future will bring, this rising tide will inevitably lift all boats. Chris sees Asia driving a global prosperity wave.

At Agora Financial, Chris is managing editor of the Capital and Crisis and Mayer’s Special Situations newsletters. He gave up commercial banking to take up financial research/writing at exactly the right time. Now, he has thousands of subscribers around the world, and it's a big world. Chris regularly uncovers unique investment ideas and themes in such diverse areas as agriculture, water, energy and infrastructure. You can find information about World Right Side Up, Chris's newest book, here.

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Bob Chapman joins us again today for our biweekly check-in. Since we've been doing the show together for almost a year, nothing much has changed, except that the elites are getting more and more brazen in their exploitative criminal enterprises. Bob thinks that Corzine maybe spending a weekend at Bernie's or perhaps even several years. While Corzine repeatedly claimed he had no idea where the money was, now it looks like he probably did.

Yet again, and again, and again gold and silver are under attack. However, the system is cealrly moving to metals so you need to get there ahead of it. China doesn't have enough gold to back its currency; actually, very few countries do. So there's a scramble taking place by the banks to acquire gold at virtually any cost, regardless what the paper markets say the price is. But we'll know the true value of unbacked paper soon enough.

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Looks like there might be just a little hope for the beleaguered MF Global clients. In London, KPMG a large international accounting firm who was appointed by the English bankruptcy court to account for the "lost" assets of MF has so far recovered $500 million dollars of unsegregated customer funds from a small list of large financial institutions. They're going for $1 billino and they told this motly group in January that if they didn't pay up, they're going to court. This may be the best chance account holders have of ever seeing their money again. And it explains why large financial groups are buying up client claims at a discount, because they know that the clients will eventually get back all their money.

Also, we see the fall out from the Swift banning of Iran from the international transfer network which has resulted in the start of an abandonment of the dollar and the opening of many swap agreements between trading partners. Get ready for what's coming next!

And finally, our new site www.financialsurvivalnetwork.com is up and running. We're carrying the top financial and economic stories of the day and you can sign up there for the free Financial Survival Toolkit and free weekly newsletter. 

Max Yemets was just a child when hyper-inflation came to the Ukraine, but he has many memories of that time. Max remembers people living on fixed incomes and having their entire worth wiped out. 10,000% inflation has a way of making people question their government. While they were extremely hard times, that seemingly happened overnight, people banded together and got through it with remarkable grace.

Naturally, there was civil unrest as well as a major increase in crime. People in the former Soviet Union didn't have a right to bear arms, and the State liked it that way. But most people in the Ukraine knew how to live off the land, and for 3-4 years that's exactly what they did. Finally, the currency was pegged to the US Dollar, and the cycle ended once and for all. Unfortunately, we don't have another currency to substitute for our dollar. So if the currency follows the normal lifecycle of all fiat currencies, we will have to pin our hopes on gold and silver. 

Max's site www.HowToBePoor.com is must reading.

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Danielle Park, of JugglingDynamite.com fame, joined us again today, and I'm very happy to announce she will now become part of our bi-weekly repertoire. Today Danielle and I took a tour into the never-never land of contemporary financial markets. We share a common outrage of the world governments. It seems the governments of the world are working 24/7 to ensure the most corrupt and destructive financial institutions survive to plunder the globe yet another day. When will it all end? Neither of us has an answer, but we agree that unless steps are immediately taken to slice and dice these predatory monoliths, trouble is waiting up ahead.

Those who save are the ones who wind up paying most for the bailouts, and they receive almost nothing in return. While confidence in every country's obligations and securities is at an all time low, institutions and investors keep putting money into them because there's really very little alternative. The bear market in stocks has gone on for over a decade, and no one sees an end to it. Hopefully, real companies, marketing real goods and services, will herald in a new economic paradigm. Until then, take the current signs of low volatility as a sign to expect the next black swan to appear. 

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Yaron Brook of the Ayn Rand Institute for Individual Rights sees a troubling pattern of expanding government that causes great injury to individual rights and the ability of our economy to produce products and services that people want. In addition, the damage done by the Dodd-Frank and Sarbanes-Oxley regulatory schemes has caused immeasurable damage to America and its markets. Companies are now avoiding the US markets as a result. 

Therefore, we can never emphasize enough, and we must constantly engage ourselves in the debate of government expansion versus the individual's rights. This issue has been with us since the founding of the Republic, and it has never stayed dormant for so long. Therefore, there is always a need to communicate the message of freedom. The continuing assault can only have one result: totalitarianism and complete subservience to the State. Yaron will be debating David Callahan of the left leaning Demos Institute in Chicago. For more information go to https://www.facebook.com/events/185593294888513/.

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Wisconsin Congressman Paul Ryan released his budget last week. At first blush, it appeared to be a substantial move in the right direction. It cut spending while decreasing taxation. But the reality is that his budget completely misses the mark. It is still a redistributionist plan that forcibly takes money from the producers and almost as lavishly bestows it upon the beneficiaries. This budget takes less and consequently gives less. In the final analysis, the budget doesn't go nearly far enough to help restore confidence in the rapidly deteriorating status quo.

A fiat currency that can be created by the click of a mouse is what facilitates the ever expanding scope of government and the quickly evaporating purchase power of the once almighty dollar. The results of these policies can lead to nothing but global financial collapse, and we can already see the storm clouds on the horizon. Enslaving the current and future generations with debt is a surefire recipe for lower standards of living and a declining culture. One can only try to be prepared for the inevitable chaos. 

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Late Friday afternoon is always the time when Da Boyz love to release damaging news. In hopes, of course, the news will get lost in the weekend spin cycle. Today, a rehashed disclosure came out about "Knows Nothing" Jon Corzine. A memo had been located, which showed that Corzine had specifically directed client funds be used to cover an MF Global bounced check to JP Morgan Chase. While this was a partial rehash, in light of recent findings, it adds clarity to Corzine's actions when MF's S hit the fan. Edith O'Brien, an assistant treasurer at MF sent the email as part of a CYA effort to avoid being scapegoated by Corzine for the theft.

The e-mail states JC (Jon Corzine) directly ordered $200 million in "segregated" customer funds be used to pay the overdraft. Corzine is, of course, saying he had no idea client funds were used for this purpose. You must doubt the veracity of this claim. Would a mid level employee take it upon herself to raid the customer's accounts, to effectively stave off MF's collapse? This is a good question, and one that needs to be answered before a grand jury. Perhaps an offer of immunity or a reduced sentence will help jar O'Brien's memory.

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