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

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Charles Hugh Smith and Rick Ackerman joined us today for another investment roundtable, and what to do with your retirement investments was a big topic. Each day, the government gets more desperate in their frantic search for new revenues to keep the bankrupt system afloat. Therefore, the multi-trillion dollar pool of private retirement savings becomes an ever more irresistible target for a rapacious congress, which is more concerned about feeding itself than helping Americans through the current economic malaise. 

This concept led to a discussion of survival investing and where to safely store your money. Charles introduced the concept of re-localization. There's a definite trend in society, where globalization was the buzz word for the past 20 years. But, the economic crisis has led to a rediscovery of local investment and entrepreneurial opportunism. Rather than looking to Wall Street to discover investment opportunities, we must look to Main Street to find profitable businesses that will lead us out of this economic darkness. Networks are being created to allow individuals to participate in this investment shift. 

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

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Teachers in Buffalo New York are up in arms. The State has mandated teachers receive evaluations in order for the schools to receive additional funding. The Teachers' Union has defied the State and refuses to allow evaluations. 

This all comes to you compliments of a debt based monetary system, which acts to perpetuate corrupt government schemes and ensures that union members get to line their pockets at retirement time, sometimes after just 25 years or less. New York will be completely insolvent in a very short time and will have to rely upon the Federal government to print more money out of thin air. Can such a system continue on indefinitely? Certainly not! The collapse is coming, it's just the date that hasn't yet been determined. 

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

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The uber Nannies believe that your freedom is what makes the world such a messed up place. If only you could be controlled just a bit more, things would be so much better. Whether it's smoking in New York City, donating "unhealthy" food to the poor, closing nightclubs and dance halls in Weston Florida, banning lead in hunting ammo, or banning feeding and hunting of deer, freedom is lingering in the horizon. Please don't take anything for granted. Will Da Boyz be coming for your guns? Your gold? How about your IRA or 401k? Don't be surprised, these people are totalitarian statists; so long as their views are given credence and they have power to willfully impose their ideas, no one is safe! We are living in unstable and uncertain times. Statism, while running rampant, is doomed because it restricts individual rights.

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

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Jeff Berwick of the erstwhile www.DollarVigilante.com has written a report entitled, Getting Your Gold out of Dodge. Jeff believes that as governments get more desperate and continue to run out of money, they will resort to outright confiscation of their citizen's wealth and assets. This has already occurred in places like Argentina and Ireland and in many other countries. We saw this trend in Argentina, when the government nationalized YPF, an oil company partly owned by Spanish concerns. If governments will steal each other's property, who can rightly believe they won't go after their citizens' property? 

Therefore, Jeff argues quite persuasively that it's time to get a portion of your property out of the country and into more friendly economic climes. Jeff knows more about this subject than just about anyone else. As always, we enjoy Jeff's appearances on the show and believe that his ideas need to be considered by all concerned investors, the world over. 

Go to http://financialsurvivalnetwork.com/ for the latest info on the Economy, Markets and Precious Metals.

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Ty Andros and I do the weekly wrap up today, Friday, April 20. Not much is happening in the world today other than Spain, Italy and the global financial system continuing their respective marches toward implosion and oblivion. As Lady Margaret Thatcher once said, "The problem with socialism is that eventually you run out of other people's money." In the US and Europe, this happened long ago. Only now are we seeing the results of profligate uncontrolled government spending and the ceaseless expansion of the welfare state. 

If you've been following Ty and me, you know there's nothing happening now that wasn't long ago predicted by the Austrian Economists. For nearly 100 years, Mises, Hayek and Rothbard, among others, have been warning the world this collapse would eventually occur. Now, the clock has run out and the politicians have absolutely no idea what to do about it. You however, can do a lot to avoid going down with the ship. 

Go to http://financialsurvivalnetwork.com/ for the latest info on the Economy, Markets and Precious Metals.

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Chris Duane, BrotherJohnF, and Sean of SGTReport joined me again today, Thursday, 4/19, for another round table. We talked about the global financial crisis and what's coming next. We also covered current metal prices, and the reasons why they're stuck in the mud. Finally, we discussed what life will be like once the final collapse happens. These are very important issues that everyone needs to consider. Time is running out on the existing financial paradigm. Everyone needs to understand what this means to you, and how it will affect your lives. 

Go to http://financialsurvivalnetwork.com/ for the latest info on the Economy, Markets and Precious Metals.

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Chris Duane joins us for our weekly discussion of the meltdown of the western Economic system. Chris also discusses the weird Blythe Masters interview on CNBC a couple weeks ago. Chris and I agree it seemed totally scripted and was only put out for some very underhanded reasons. Something big is cooking, and obviously JP Morgan is under a lot of pressure and used Blythe’s interview in an attempt to put some good publicity out there.  We have all seen how the Da Boyz can successfully manipulate the market for a few days, but consider that JP Morgan much like the Fed will only admit what they cant hide anymore.

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Joanne "Jo" Nova has made a career of fighting a never ending war against propaganda, media manipulation, and ignorance. Jo is the ultimate climate change skeptic, and she's even written a book about it. From Australia, where she resides, her message resonates around the world; stand up, think for yourself, and stop letting the government think for you. This message, along with many others, is in her book Skeptic's Handbook, which has hit 200,000 copies. Jo is trying to get people to understand there's a lot more to widely held popular beliefs; thus, we all need to question them on a regular basis. 

According to Jo, the current economic crisis is not being caused by a failure of free markets, which haven't been seen around the world for over 100 years. Rather, it's the opposite that is the cause. Jo believes crony capitalism, manipulated central planning, and collectivist tendencies of governments worldwide are what have put us in this protracted economic instability and collapse. 

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

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www.FinancialSurvivalNetwork.com presents

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

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James Jaeger is a noted filmaker and documentarian. We interviewed him several months back about his latest work Spoiler, which examined whether Dr. Ron Paul could wind up being elected president. Many people have questioned Dr. Paul's viability as a bona fide candidate, and the main stream media has all but written him off. However, Ron Paul has plugged on and has been experiencing a larger and larger following. Perhaps the ultimate question is whether the perception of economic well-being, which is totally unfounded in reality, will evaporate before the parties' candidates are chosen. From the looks of things, that's a very real possibility. If the collapse re-emerges then Dr. Paul's odds go way up. But if the elitists are able to stave off the collapse until after the summer, then he will be eliminated from consideration, unless he starts a third-party candidacy. To date, Dr. Ron Paul hasn't indicated if he's willing to do this, but he hasn't rejected it either. As of now, nothing is settled, and all eyes are upon the economy and Dr. Paul.

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

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Ed Caccia is a loyal listener to the show. He's also a fellow New Yorker, and a very savvy investor. By studying history and understanding the life cycle of unbacked monetary systems, he came to the inescapable conclusion the only lasting wealth comes from the ground. While there are certainly other ways to earn a living or a return, resource based investing has proven time and again, that food, gold, silver, and energy are always worth considering as investments.

Ed and I also talked about the dumbing down of schools and their failure to teach American History.  "Those who fail to learn from history are destined to repeat it," this catchphrase has never been truer than today. Hearing someone in Ed's position explain how he came to understand that the present system was doomed can be very instructive. We're looking forward to having Ed on again for a follow-up interview soon.

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

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Charles Hugh Smith is a published author who also has the blog OfTwoMindz. He has studied economic cycles and his prognosis for the country is not positive. But, he has developed a number of steps that you can take to avoid much of the brunt of the coming economic calamity. HisUnconventional Guide to Investing in Troubled Times is a must for those struggling to make it through these trying times. You need to be hopeful and optimistic in your own personal affairs regardless how bad things appear to be. 

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

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"Ranting" Andy Hoffman joins us for our Monday get together, fresh with news that YPF, a large Argentine Oil Company, partly owned by Spanish Oil Company Respol, was nationalized by the Argentine Government. Sounds like a trade war to us. But this underscores the point that no paper wealth is safe from the clutches of government. It doesn't matter what country's government we are talking about. Eventually, when there's an existential threat to its continued survival, no man's life, liberty, or property is safe. 

We're truly talking man versus state. And whether there's a socialist slant to the argument, is really irrelevant. Government is the destroyer of wealth, freedom, and the individual. What we are seeing now is simply a trend that has been forming for many years. The battle of the individual and his primacy over the state has been going on since man realized that some form of government was necessary to help ensure survival. Unfortunately, like all other man-made creations, what starts out as an asset, transforms into a liability. In this instance one that threatens everyone's survival. 

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

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Rick Ackerman is a technical analyst par excellent. His hidden pivot system has been right so many times that FSN reviews his work regularly to assess upcoming trends. Right now, he’s seeing another uptrend in the dollar and more bad news for Europe. The ECB blew through $1 trillion in a very short time and at this rate what can they do next? The bond markets are being “stage-managed” by the Fed and the ECB to try to create the appearance of normalcy. But these markets are far from normal! There’s a lot of dark storm clouds on the horizon. So watch out!

Are you wondering how long these markets can continue on their merry way to higher highs and higher lows? While the long term trend may be obvious to most, it’s in the short term where you lose the money-- as in right now! Rick Ackerman’s short term calls over the past year have been uncanny. He’ll let you know where he thinks the dollar and the Euro are heading now.

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

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Some call it a global depression, but Bob Hoye calls it a post-bubble contraction. Bob has seen it all, and what he hasn’t seen, he’s studied. With a degree in geophysics and a lot of summers spent working in mining, Bob’s got some very interesting views on history and financial history especially. In the past, his capitulation model has been extremely accurate. He is a proud member of the rational fringe, which uses research instead of feelings to understand interest rate manipulations and their economic impact.

Bob believes as did Mark Twain, while history may not repeat itself, it certainly rhymes. And nothing rhymes more than financial cycles of boom and bust from the beginning of history to present. According to Bob, one thing occurs in booms and it's the increase in real purchasing power of gold and silver.  You can find Bob at www.InstitutionalAdvisors.com.

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

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Trevor Bradley from Georgetown Marketing discussed how to internationalize your assets before it's too late. Many people are unaware that it is currently completely legal to invest funds overseas. Whether you're opening a bank account, investing in a business, or buying real estate, you are free to invest as you desire. However, you must do it properly and report it to the irs/government. Failure to properly disclose your overseas assets and investments can result in extremely Draconian fines and penalties. With the rapid deterioration of the US economic system, how much longer will Uncle Sam allow this? 

Trevor Bradley, a resident of Belize, is an expert in helping you do it the right way. The banks in Belize have an extremely high reserve requirement, 24 percent, the highest in the world! They only invest in 50 percent mortgages, meaning the borrower must put down 50 percent cash to purchase real estate. It's certainly worth looking into, if you're in the right circumstances. You never know when the government will prohibit overseas investment or asset holdings. They've been moving in that direction for many years. 

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

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Mickey Fulp joined us again this week to discuss the latest updates on oil and natural gas. We also discuss the Luddites attempts to ban fracking.

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

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Ty Andros and I wrap-up the week and discuss the serious situation in Europe, especially Spain. A former partner of mine who worked for a large telecom company always used to state, "The situation is hopeless, but never serious." But for Europe and the US it often appears hopeless and extremely serious. But, perhaps the "geniuses" that reside at the Fed and the European Central Bank will find a way out. That hasn't happened yet, and we're extremely skeptical that it will happen now, which means, it's inflate or die.

The problem with this approach is that it merely puts off the day of reckoning to a time when hyper-inflation becomes the inevitable result of profligate money printing. This is where the world is heading! Every central bank in the world seems to have its chairman's gaze fixed on the rearview mirror and his foot all the way down on the accelerator. They are all acting totally oblivious to the abyss quickly approaching ahead. Perhaps one day soon the charmen will soon stare into that abyss and slam on the brakes. We can only hope! 

Click Here for a short visual presentation

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Max Yemets was back on talking more about hyper-inflation and how debts get destroyed. He told the story of how his father took out a loan to purchase a bicycle back in post-Soviet controlled Ukraine. It was a large loan by their standards; but when hyper-inflation hit, his father was able to repay the loan for virtually nothing. There's something instructive about this scenario, and history could very well repeat itself. Imagine having a large mortgage that you get to pay back in greatly depreciated dollars.

Max believes that if you aren't buying metals now, you should be! He suggests starting out small with pre-1965, US, 90% silver coins. Buy a few Quarters for around $6 each. Pretty soon, you'll just intuitively understand what real money is all about, and you'll know exactly what to do.

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

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The renowned Dr. Doom also known as Dr. Marc Faber joined FSN today to discuss his latest commentary that it might just be time to start looking at real estate investments in severely distressed markets such as Florida and Arizona. Dr. Faber explained his outlook for the Western Economies, his forecasts for Gold and Silver, and his take on "printing press" economics.

Ever voluble, while at the same time sounding the clarion call for the collapse of civilization, Dr. Faber talks about what things make for a happy, satisfying, and content life. Never dull, Dr. Faber has always got a unique perspective on things, which is why his Gloom Boom and Doom Report is must reading.

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

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Ed Steer, publisher of the Casey Research's Gold & Silver Daily newsletter joined us again today. He, along with Bill Murphy and many others, has been accusing governments of manipulating the gold and silver markets for over a decade. Recent events have proven this beyond a shadow of a doubt. Ed reflects upon GATA's successes and failures re: taking on the Fed and the US government.

In addition, Ed discusses where gold and silver would be, if the full faith and credit of the world's governments was not aligned against it. Ed and I also talked about the end of the cartels' war against the precious metals and where prices will be headed, (Hint-hint-they won't be going down).

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

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Danielle Park, the extremely talented host of www.JugglingDynamite.com and gifted money manager, joined us for our bi-weekly get-together and analysis of the rapidly unraveling global financial system. There's a major trader at JP Morgan who's literally juggling financial dynamite! Just like the big casino gambler that he actually is, his nickname is "The London Whale." He's juggling billions in derivatives positions and when those explosive units come crashing down to earth, the monetary system might very well crash with it. Why would he be allowed to act so recklessly?

While we know there are many high-powered listeners to the show, who would have thought the Premier of China would be one of them? Wen Jiabao, while not quoting the Financial Survival Network interview, expressed his distaste for too big to fall banks, who are getting a free ride at the global public's expense. He favored breaking them up and forcing them to relinquish power. Who says all politicians are dense and unable or unwilling to grasp the dangers of over concentrated financial power? Now if he would only be as honest about the Chinese Communist Party and its Too Big To Fail State Enterprise Empire, China could get some real Hope and Change they could believe in! 

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

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Dr. Marc Faber (Gloom Boom and Doom Report) thinks real estate in extremely depressed markets may be a good buy. He may be right, but he could also be wrong, and the markets could decline further. Yes markets in Florida, Phoenix and Vegas have declined by as much as 75% since the economic collapse began in 2007. However, that doesn’t mean these markets can’t decline even further. If you see a house in a boarded up subdivision, and it’s selling for next to nothing, that doesn’t make it a good buy.

We propose several means of valuing a property you’re considering purchasing:

1) Is the house selling for 3 times or less than the average income of that neighborhood? That’s a traditional valuation that became obsolete during the housing boom, but has seen a revival.

2) Is it cheaper to own than it is to rent, before the tax benefit? This is becoming more and more prevalent in especially hard hit areas of the country.

3) Can you realize a positive cash flow on a home bought for investment or a multifamily property? As Robert Kiyosaki, of Rich Dad, Poor Dad acclaim says, an asset is something that returns a cash-flow. A liability is something a costs you money.

Of course, you shouldn’t forget that pot of government subsidized mortgage money. Artificially low rates and minimal down payments could make a real estate purchase very attractive. But be selective; don’t settle for anything less than you want. After all, you’re a buyer in the mother of all buyer’s markets.

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

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"Ranting" Andy Hoffman of Miles Franklin joined us again for his weekly rant. He was particularly peeved today because his internet service went down, compliments of a wonderful oligarchic cable company that wants to control his existence. Then we got down to the end of the Great Indian Gold Strike of 2012. The gold merchants of India, which is by the way the largest gold consuming nation on Earth, won their battle against the government's attempt to impose an excise tax on gold imports. The strike lasted three weeks, during which time gold sellers were heard to proclaim, "No Gold for You!"

The jobs numbers which were released last week, to coincide with the holidays and decreased public attention, were absolutely abismal. There was nothing redeeming about them, and they will lead to an immediate dose of Quantitative Easing 3.0. The numbers are so horrid; it's getting to the point where even the manipulators at the Bureau of Labor Statistics can't make them look good. The Labor Force Participation rate is in the cellar--over 88 million people are divorced from the force, an all time high.

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