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. 

Direct download: TLR_178.mp3
Category:general -- posted at: 12:30pm EDT
Comments[0]

Max Yemets Tells About Living In Hyper-Inflationary Ukraine--03-27-2012

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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Direct download: Max_Yemet_03-27-2012.mp3
Category:general -- posted at: 3:48pm EDT
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Danielle Park Believes That No One Is Too Big To Fail--03-27-2012

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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Direct download: Danielle_Park_03-27-2012.mp3
Category:general -- posted at: 2:48pm EDT
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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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Direct download: Yaron_Brook_03-26-2012.mp3
Category:general -- posted at: 5:36pm EDT
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I hadn't reviewed gold prices since early Monday morning. I was surprised to see gold up over $22 per ounce, but Andy wasn't. Ben Bernank spoke today, and he confirmed the rumors that have been flying around. Yes, he's still a money printer, and he has no intention of stopping. Hopefully, he will be stopped before the dollar turns into worthless bits and bytes on computers around the world, but there's no indication that this is about to happen.

Andy and I also discussed how Apple has become the tail, wagging the stock market's dog. As the most valuable company in the world, Apple can not only send computer suppliers and parts makers into an immediate frenzy, it can also do the same to stock markets. It has a disproportionate share of the NASDAQ's valuation as well as the S&P's. So it is truly the bellwether stock of our times. But that doesn't mean the paper markets are at all healthy. The public has dropped them like a group of kids playing catch with a hand grenade. The averages are constantly being whipped around by high frequency trading and by the algorithm boys. So what is anything really worth these days, anyway?

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Direct download: Ranting_Andy_-3-26-2012.mp3
Category:general -- posted at: 3:16pm EDT
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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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Direct download: TLR_176.mp3
Category:general -- posted at: 3:00pm EDT
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Triple Lutz Report--Is Justice Coming for Jon Corzine--Episode 175

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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Direct download: TLR_175.mp3
Category:general -- posted at: 9:46am EDT
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Chris Duane has just done a new YouTube video about deleting Facebook. He believes Facebook is emblematic of what's wrong with American culture and society today. Everything about Facebook is superficial and unreal: the way people look, the messages communicated, and the friends people claim to have but don't really. What passed to meaningful and important in contemporary society, is but an illusion. Just like our money and the nutritional value of our feed, there's a fundamental lack of substance.

This false paradigm is quickly coming to an end. With the eventual collapse of the dollar and the return to real honest money, soon much of the fake structures in today's world will cease to function and will no longer exist. While getting to this place will be challenging, it is well worth the journey. 

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Direct download: Chris_Duane_03-23-2012.mp3
Category:general -- posted at: 4:29pm EDT
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There has been a number of alarming governmental actions in the past few months that should give all freedom loving people cause for concern. From the National Defense Appropriations Act, to the latest presidential edict concerning control of the nation during an emergency, it appears that the noose is tightening. Why is the government passing these measures? What is the Fed expecting, and why aren't they telling us more?

Ty believes that you must prepare now. While the situation is scary, it is not hopeless by any stretch. Therefore, get ready with your financial survival plan, your family's survival plan, and your community's survival plan. Hopefully, you won't need any of them, but who knows for certain? The situation is fluid. It is constantly changing, so we can only hope for the best. But, based on the last 80 plus years of growing and uncontrollable government, we should always prepare for the worst. 

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Direct download: Ty_Andros_03-22-2012.mp3
Category:general -- posted at: 3:36pm EDT
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Jeb Handwerger and Jordan Roy-Byrne join us for an examination of why the miners and metals are languishing. While there's been a lot of upside in the metals over the past 11 years, the past six months have been trying many investors' patience. Precious metals slam-downs seem to be the rule of the day, and the stocks have not kept up with the metals' price increases. While there are certainly external reasons dealing with metals price supression schemes by governments around the globe, there are also a number of technical reasons why these conditions have arisen. Rather than examine the well known gold/silver manipulations, Jeb and Jordan focused on the technical reasons, which always weigh on the markets. We always need to be aware of the many factors that affect metal prices. 

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Direct download: handwerger_byrne_rt_03-22-2012.mp3
Category:general -- posted at: 3:00pm EDT
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When it comes to Nanny Statism there's no greater proponent than New York City's Mayor, Michael Nanny Bloomberg. As a liberal know-it-all, he believes he has the personal right to tell you what you should be eating, smoking, inhaling, and probably thinking as well. His campaigns against smoking, salt, fast food, and trans fats, just to name a few, are the stuff of legends. Nanny Bloomberg commands a vast legion of pointy-headed petty bureaucrats who are ready, at the drop of a hat, to enforce his will. 

Witness the latest episode where the mayor has personally banned private food contributions to the City's burgeoning empire of homeless shelters. The mayor is alarmed that homeless recipients, who might otherwise be starving on the streets, could be getting food too high in calories, salt, and fat. In his stilted view of the universe, he probably believes he's doing God's work. After all, if he doesn't watch the diet of the homeless, then who will? This is exactly the type of policy that inhibits people from helping those in need and performing a vital service to their fellow man. 

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Direct download: TLR_174.mp3
Category:general -- posted at: 11:09am EDT
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Today, we had another one of the increasingly popular roundtable forums. Mickey Fulp, the Mercenary Geologist, and Ron Hera, of Hera Research, discussed their individual approaches towards investing in junior mining companies. One thing I learned, as if I hadn't know it already, you either need to be a professional in this area or you need to closely follow other proven professionals. This doesn't mean you shouldn't do your own due diligence, quite the contrary. It means you need to study this group of proven professional extremely carefully. Look for industry experts who get it and can effectively speak to you.

While some compare investing in mining stocks to be analogous to gambling at the casino, Mickey was very clear about the contrary. It may entail taking risks, but when you are armed with the right knowledge, you can realize excellent profits. However, as Ron said, if you can't do the research, you might want to stay clear of the sector because there's such a high failure rate. It's easy to make mistakes and lose money.

They both agree TAKING profits at the right time is a must. All in all, this is a very informative and engaging discussion.

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Direct download: Ron_Mickey.mp3
Category:general -- posted at: 8:16pm EDT
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Ron Hera of Heraresearch.com joined us today to share his latest opinions on why paper money is often equivalent to theft. While there are many things wrong with fiat money, the main thing is it enables government to easily pick winners and losers. If you want to take advantage of an opportunity and you're part of the in-group, all you need to do is contact your connections, get a government license or a cheap government loan/subsidy and you're in. If you're an insolvent banker who doesn't know how you're ever going to get all those mortgages paid off, you call your friendly Fed and the next thing you know, you've gotten a generous bailout and the bonuses are flowing.

Obviously such inequities increase resentment among the not-so-connected group. This group is being fleeced for the benefit of the elites and cons, and they want justice. Judging from the aftermath of the financial collapse, this group is never going to get vindication because the elites look after each other and keep one another from being held accountable. Therefore, it becomes necessary for the average citizen to invest in places where he/she will not be subject to government confiscation. Ron Hera is a master at this fine art of evasive investing. This was a far ranging but extremely relevant discussion. 

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Direct download: Ron_Hera_03-21-2012.mp3
Category:general -- posted at: 4:23pm EDT
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We were very fortunate to have John Butler, author of what is sure to become an instant classic, The Golden Revolution, back on the show to talk about his book and the economic system he sees developing around us. There is so much happening on the international monetary scene, we must get as many opinions and viewpoints as possible. John's perch in London gives him a wide perspective that helps shed light on the coming events.

John worked for over 15 years as an interest rate, foreign exchange, and commodity strategist at major banks around the world before founding Amphora Capital, an independent investment and advisory firm, in London. He has written extensively on financial topics, and his work has been cited in the Financial Times, the Wall Street Journal, and the Frankfurter Allgemeine Zeitung, among other publications. He is also the author and publisher of the popular Amphora Report newsletter and is an occasional speaker at global investment conferences. He resides in the English countryside with his wife and four children.

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Direct download: John_Butler_03-21-2012.mp3
Category:general -- posted at: 11:06am EDT
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We were very fortunate to sit down with Francis Cianfrocca today for a wide ranging discussion on what's going on with the economy in the US and across the globe. As a CEO, businessman, and investor based in New York City, Francis brings a unique perspective towards understanding what's really going in today.  He's  written extensively on business, markets and policy issues. His work has been featured on many websites: Redstate, Human Events, Commentary, RealClearPolitics, CBS News, and other outlets. Francis also appears regularly throughout the country as a radio commentator.

We hope that he'll become a regular on the show. 

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Direct download: Francis.mp3
Category:general -- posted at: 5:18pm EDT
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Leave it to the fascist state to eliminate the little guy, when they perceive even the slightest threat. Phil Accordino thought he had the solution to exorbitant cigarette prices. Invent and market a machine that enables consumers to roll their own cigarettes, on the spot, thereby saving tons of taxes in the process. Seems Congress, as usual, screwed up when they last increased cigarette taxes. They left pipe tobacco alone and only applied the increase to cigarettes and cigars. 

Sensing an opportunity Accordino started marketing these machines to tobacco shops around the country. He cleaned up but will soon have to stop operations if Congress and Big Tobacco have their way. While they won't be raising taxes on pipe tobacco, they are going to kill his business with over-regulation. Any company producing tobacco anywhere, will be subject to killer regulations and safety rules. This means the stores will have to affix warnings to all cigarettes that are produced on their premises. Another step towards Turnkey Totalitarianism!

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Direct download: TLR_173.mp3
Category:general -- posted at: 9:19am EDT
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"Ranting" Andy joined us for his Monday recap. Both he and I agree that something very bad is on the horizon. Even if the Israeli Cabinet hadn't voted in favor of war with Iran, even if gas prices weren't going nuts, something terrible is imminent. The chart for government debt spending is starting to look ominous as well. So don't worry about paper assets, focus on accumulating the kind of physical assets that you can keep close in times of chaos. This is the only way to actually protect and perhaps increase your wealth.

Remember, what's taking place in the financial markets today is largely a result of government intervention. While Apple Computer today announced a large dividend and stock buyback program, it can't hide the fundamental weaknesses in the US and World Economies. Things are not improving as the government would like you to believe, but rather conditions continue to deteriorate at an increasing rate. So even though gold and silver have taken their share of hits recently, their prices continue to hold up well under pressure. 

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Direct download: Andy_Hoffman_03-19-2012.mp3
Category:general -- posted at: 3:07pm EDT
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Freedom to pursue your own happiness was guaranteed in the US Constitution. It was a novel, ground-breaking, earth-shattering ideal that has left statists scrambling ever since. The way they take away your freedoms is one at a time. First, they go after freedoms that most people deem unnecessary or repugnant, like using drugs or advertising tabacco. Then they go after the freedoms that matter to you, like speech, the right to defend yourself, buying light bulbs or so many others that are currently under attack. Marijuana prohibitions are supported by law enforcement lobbyists who cash-in, big time. Just follow the money, and you'll see. How much of our law enforcement infrastructure would be turned into surplusage, if the number of prohibitions was dramatically cut back?

And now word comes out that the largest NSA domestic spying center in history is being constructed in a remote part of Utah. As William Binney, former head NSA mathematician and whistleblower said, "We 'this' close to turnkey totalitarianism." Think about that the next time your child asks you about what freedom was like when you were a kid. 

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Direct download: TLR_172.mp3
Category:general -- posted at: 2:19pm EDT
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The Financial Survival Network hit a major milestone two weeks ago. Our 1 millionth download! For this, we issue a heartfelt thank you to all of you listening out there. You all are what make the show possible. You are the reason why we do this. Your financial health and your family's security is why we're here and why we've been successful. The show has been growing 20-30 percent a month, and we only started in August of 2011. So obviously you see the value, and we are grateful.

We're going to keep giving you information that is often difficult to obtain. If you believe the main stream media, right now you'd be dancing in the streets because the economic recovery is here. But we all know that this is a farce. The recovery hasn't arrived, and it won't for quite a while. This is why you need to be prepared so that you can get through this depression with a large portion of your wealth in tact. So we hope that you'll continue to listen and spread the word. 

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Direct download: TLR_171.mp3
Category:general -- posted at: 12:16pm EDT
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The Wrap with Ty Andros--Greek Servitude, S&P Breakout, Bond Bombs--03-16-2012

Ty Andros of Traderview.com was here for our Friday special, The Wrap. There's so much happening in the world right now that it is impossible to keep track of. Many of us just throw up our hands and just ignore. But ignore the world financial crisis at your own financial peril. Things are happening now that will have a tremendous affect upon you and your family. It is extremely important to get an accurate picture of the world financial chaos so that you can preserve your wealth and even increase it. 

The banksters got paid by Greece, and everyone else wound up taking it the hard way. This cycle is going to be repeated over and over until there's no one left standing. The precious metals are getting a lot of unwanted attention and selling pressure from parties who are, charitably termed, non-profit sellers, i.e. the elites. Don't be deceived, you need to keep your core metal holdings safe. Ty recommends dumping cash and putting as much as possible into the precious metals. While this may seem a bit extreme, who out there predicted the financial crisis would reach the epic proportions that it has?

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Direct download: Ty_Andros_03-16-2012.mp3
Category:general -- posted at: 1:48pm EDT
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Mickey Fulp, the Mercenary Geologist, is always trying to see the world in different ways. When you can break from the pack to gain unique insight into the way markets behave and participants react, there's a great potential for profits. When we talked to Mickey back in October, Platinum was trading below Gold, an occurrence that has happened only very rarely in the past. Every time it's happened before, Platinum has posted large gains, and this time has been no exception. Today, 3/16/12 it's at $1670; Mickey was a buyer at $1500. Now, it's back over Gold and the fundamentals look extremely favorable.

The undervalued commodity play of the decade has to be natural gas. It's trading just over $2 per mcf, and the ratio of btu's against a barrel of oil just shot up 50! Of course there are very good reasons why this is happening. The shale gas boom in the US has given us an extreme NG surplus. It's a regional market, and the gas is very hard to move and export to other places in the world. But, be sure that as long as the world is hungry for energy, someone will find a way to get that gas where it needs to be. Especially when gas trades around $10 per mcf in Europe and $15 per mcf in Asia. But patience in this market is clearly a requisite and a virtue.

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Direct download: Mickey_Fulp_03-16-2012.mp3
Category:general -- posted at: 1:23pm EDT
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The rats are fleeing the burning tenement of Wall Street. First, Greg Smith from Goldman Sachs who resigned in horror over the the firm's alleged disregard of any ethical limitations upon their ability to separate their clients from their money. Then today, an anonymous insider at another large bank comes out making numerous allegations about rigging off the silver and financial markets. We have no evidence to base any conclusions as to the veracity of these allegations, but certainly we have seen numerous Wall Street clients end up in the poor house.

Surprise, surpise, just when you thought the bad guys at MF Global and their network of enablers had won, the MF's Trustee in Bankruptcy turns up another $685 million, which just a few days ago seemed all but lost. Perhaps they found it in John Corzine's filing cabinet, or maybe it was in the supply closet along with the records of all that other money they haven't been able to find. Or perhaps some of the banks who were holding these funds decided it just wasn't worth the bad PR. Either way, FSN is always skeptical of coincidences. Especially now, when the global collapse is perhaps switching into high gear, and we're going to get a sample of those weapons of mass financial destruction that Warren Buffet has been losing no sleep over. 

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Direct download: Chris_Duane_03-15-2012.mp3
Category:general -- posted at: 6:05pm EDT
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Don Watkins and I discuss the unsustainable state of America's Entitlement Society. It is clear that the system is going to collapse; we are certainly at the height of corruption when half the population is allowed to live at the expense of the other half. The geometric growth in entitlement programs and expenditures is also mathematically unsustainable. Therefore, people need to be educated about entitlements, which actually make society more poor and ensure a lower standard of living for everyone. 

The alternative to enlightening and raising the population's consciousness will be far worse than ending entitlements programs. While there is certainly a core of individuals who physically or mentally cannot participate in society, the extra wealth created by the elimination of the parasitic class would more than make up for the loss of entitlements. Before the advent of leviathan government, who's sole purpose was to take care of an ever increasing portion of the populace thereby insuring it's own perpetuation, it used to work this way in America.

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Direct download: Don_Watkins_03-15-2012.mp3
Category:general -- posted at: 12:34pm EDT
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Barry Stuppler, veteran precious metals investor and dealer said back in October that Platinum was a screaming buy. For good reason. Platinum's price had dipped below the price of gold, for only the fourth time in the post WWII era. Of course the Platinum market is extremely small compared to others, but it is an extremely important industrial metal that also has some investment attributes. Sure enough, Platinum closed out the year at around $1400 and in no time at all has surpassed gold. Platinum has been the best performing metal so far this year. Today, Thursday, 3/15/2012 it's at $1674 per ounce.  

There's a number of factors adding to Platinum's rise. Labor unrest in South Africa (the largest producer), increased auto sales, jewelry demand in Japan, and the Canadian Mint's reintroduction of Platinum Maple Leafs. If these factors continue in force, we could see record increases in Platinum prices and for that reason Barry believes it has a golden future. 

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Direct download: Barry_Stuppler_03-15-2012.mp3
Category:general -- posted at: 10:47am EDT
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Jordan Roy-Byrne of TheDailyGold.com believes the existing gold and silver stock indexes, such as the HUI or the GDX, are not giving an accurate picture of where metals stocks are really heading. They're highly weighted towards the major producers who have been underperforming for years. As a result, the good performers' results have not been accurately reflected or recognized. Jordan doesn't necessarily attribute their under-performance to manipulation but rather sees the market asserting its fundamentals.

This is a reflection of the phase of the bull metals market. Consolidations can last for several years and valuations can vary. However, you should remember to look at technicals and sentiments. A lot of breakouts in the sector tend to be false. Gold has bottomed so many times in the last couple of years, on the day where it appeared to make a technical breakdown. We are undeniably seeing a very difficult market, and according to Jordan, we are within 2 weeks of a very important bottom. You have to wait for things to reach an over-sold point, these are the times when you want to buy and take advantage of the manipulations. Once the markets get extremely oversold, the manipulators buy to help themselves. You want to be on the correct side of this, so DON'T FREAK OUT and sell! 

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Direct download: Jordan_Roy-Byrne.mp3
Category:general -- posted at: 5:34pm EDT
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