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

Richard is in Thailand where the virus never took hold despite the fact that thousands of Chinese visited prior to the outbreak. Assuming the virus doesn’t return, we’ll be viewing this as one of the great economic experiment in history. In the US, credit growth has been the great driver of economic expansion. When credit growth slowed or ended, we saw recessions take hold. During 2008-09 credit growth slowed and the Great Recession ensued. Then the Fed reflated with asset inflation. Now we’re in a new paradigm. The virus has been a huge blow to the credit based economic growth cycle. The Fed is doing everything in its power to keep the credit bubble growing. What will it look like after the Virus? If we let everything collapse then the government’s debt will explode anyway. $5-10 trillion in new debt is coming. The Fed will have to underwrite it. Their balance sheet has expanded 52% in the past 6 weeks. What would happen it there’s no new inflation and the world doesn’t end? If not, we’re living in a new economic environment. It will be a brave new world. Make sure you take advantage of Richard’s special offer to MacroWatch, just use the code FACTS. And sign up 

As Karen says, we're seeing an attempt by petty tyrants to micromanage our lives. People are fed up and they're reaching their breaking point. What will push them over and cause a mass movement against the wannabe dictators. If they don't back off soon, they're going to find out shortly. The time for quarantining is over and it's time for everyone to open their businesses and get back to work. 

As editorial director at the American Institute of Economic Research, Jeff has been writing about the authoritarian response of the government to the Covid 19 crisis. He warned that the lockdowns were coming and he was totally correct. Now he believes that the backlash has begun. People are opening their businesses and resuming their lives without the blessing government. The political backlash is going to be even worse. Anyone who had any role in the lockdown is going to thrown out of office. Good riddance and thank you Jeff for sounding the alarm on these tyrants. 

There are decades where nothing happens and there are weeks when decades happen. -Vladimir Lennin. 

Everything Gordon and I have been talking about has come to fruition. The size and magnitude of the problem has been grossly understated. Oil companies, state and local government debt. Globally it’s even worse. 50-60 percent of S&P profits are coming out of the global economy. The forward PE is 20, higher than at the peak. Other than the US markets, everyone else’s are imploding. What we’ve seen in terms of monetary and fiscal policy is unprecedented. We’re attempting to bailout the world and it won’t end well. In the next stage we will lose confidence in the government and the currency. You can always count on politicians to print money and then getting it into the right hands. The PPP was a complete scam. The rats are deserting the ship. 

Something was going to pop these bubbles and it just happened to be the Coronavirus. Oil crashed again to $12 per bbl. Diamond Offshore just went BK. Offshore drilling is super costly and their oil has no market. 27 oil tankers off the coast of Long Beach and even more off the coast of Singapore. We’re almost at the point where there’s no more storage capacity. Until we start driving and flying again real soon. Shale oil junk bonds are worthless. The oil producing countries have either cut spending dramatically or they have to borrow a ton of money that isn’t available. Money center banks, hedge funds and pension funds are going to see massive losses. It starts with oil and ends with Illinois. States will go bankrupt. Trump asked why we should bail out Blue States. The number of things that blow up become catastrophic. The Feds have no choice but to bail out everything and that’s the end of the dollar, as we know it. There’s not a hedge fund left after the big bang! 

New York Based - Attorney Jonathan Bell (BellLG.com) is a Labor and Employment Attorney and the Founder of Bell Law Group, PLLC.

Jonathan Bell discusses:

• Coronavirus Job Losses Could Total 47 Million While Unemployment Rate May Hit 32%
• Potential Future Lawsuits Against Employers Over The Coronavirus
• What are three ways that Coronavirus may create lasting change at the workplace?
• How the Family and Medical Leave Act applies to the coronavirus 
• Companies' Legal Obligations Around Coronavirus
• Furlough Vs Fired

And many other important topics. 

It happened in London in 1665, the Black Death was taking a 20 percent die-off toll. In 1666 the great fire of London happened. Most homes were destroyed. In the 1550’s there was a credit shortage along with a touch of plague. According to Bob, the diseases don’t do the market in, the markets do themselves in. The economy was going to turn down with the stock market no matter what, and then Covid 19 came along.

The entire event has provided another example of ambitious leftists trying to increase their power and doing immense economic damage in the process. You can expect gold prices to stay strong and gold mining profits will continue to be extremely healthy. We’re in for a great market for juniors. Silver will outperform gold as always. It's just a matter of time. 

According to Gerald Celente the Covid 19 lockdown has been totally overblown and it has destroyed the global economy. One of the top trends for 2020 outline in the Trends Journal was New World Disorder, including much civil unrest throughout the world. Violence, poverty and corruption. They were rioting around the world because the economy was going down, fast. Car sales tanking worldwide. China, worst GDP growth in 30 years. The psychopathic politicians are driving the world back into the Stone Age. The pandemic models have been completely fraudulent. The deaths have been nowhere near what had been predicted. Don’t believe anything. The big question is will they ever open the economy up again?

When we last spoke with Gerard Lameiro several weeks ago he predicted that there was an 80 percent chance that the worst of the pandemic would pass sometime between April 15 to May 15. And it appears he was correct. While you might not read it in the New York Times, it does indeed appear that the worst is behind us. And now several states are reopening with more on the way. Let's see what happens next. 

Bold captains are required for rough seas. On the surface the two could not appear more different. Churchill was an amazing orator and Trump is an amazing tweeter. Churchill was a drinker and took afternoon naps. Trump is a teetotaler and hardly sleeps at all. They were both prepared to take advice from experts and advisors around them, however they always acted on their gut. In the end, both of them were always proven to be right. Both have been continually derided as being wrong and wreckless, however they were always right in the long run. And they each have their failings, as do all men. Does the man make the time or does the time make the man? Their life experiences and what they learned prepared them to be the right men for their time. And time will tell. 

Craig Hemke and I have been warning you for many years that we would one day arrive at this point and here we are. $6 trillion in stimulus, oil trading at negative prices, people locked down in their homes and the global economy in shambles. 2008-09 was a dry run for what we are facing today. Gold stocks like Newmont and Barrack may be the only stocks with increased earnings. Perhaps mining companies should be buying energy futures as this is a major cost center for mining. There’s lots more here that you need to listen carefully to. 

Pretty much everything is falling apart. You’ve got oil in negative numbers, never happened before. You’ve got a large part of the planet still on lockdown and you’ve got central banks printing money like nobody’s business. Hopefully, there is an end in site, but how much longer can things go on before there’s a complete implosion. Danielle and I discuss what’s coming down the road and for many of us, it ain’t pretty. Be prepared and become debt-free. There are big changes coming to the economy and to all of our lives. Now’s the time to prepare. 

Danielle DiMartino Booth is truly a global thought leader on monetary policy, economics and finance. Her book FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America provides an insider's perspective of the potential damage an overreaching, out of control Fed can do. We discussed the economic ramifications of what will be left in the wake of the Covid 19 pandemic. 15% unemployment is the tip of the iceberg. The situation is bleak and the Fed is doing everything wrong, as is the government. The stimulus dollars aren't finding their way to the people most in need. Are we past the point of solutions? What can we the people do about it? Interesting, troubling issues. 

The price of oil hit negative numbers, a first. If you go to your local gas station will they pay you to fill your tank up. The first wave of major retail bankruptcies has started. Neiman Marcus (a/k/a needless mark-up) is expected to file shortly. The first of many. And commercial real estate is in the dumps. With bankruptcies and the shut down, no one is renting office space and companies will no doubt reduce their need after the lockdown is over. We're heading into uncharted waters now. 

Just when you thought it was safe to leverage up the hilts, the crash comes along. Now you need different strategies and techniques to survive and thrive in the months and years ahead. Everyone who still has any assets needs to completely relearn the keys to investing. That's what Jason and I intend to do. Please join us this Wednesday, April 22, 2022 at 5pm eastern/2pm pacific time. Just click here...

We don't have good data. We need to be doing random testing to get an exact idea of the extent of the pandemic. Dr. Huber believes that it's going to be researched more than Polio. Was the fear justified or not? A normal quarantine is when someone who is infected is isolated. Healthy people are not placed in quarantine, which is exactly what our government has done. When people are told they can go out, they're going out big, for their sanity. They'll shop brick and mortar and there will be a big bump. People are going to hit the road, bigly. 

Our good friend Aaron Clarey a/k/a Captain Capitalism joined us. Unlike most small business people, he won't be applying for any stimulus checks. That's because the recent crash created a bumper crop of new clients for his A-hole Consulting. Because so many millennials have no solid role models and have no other place to turn to, Aaron has become a surrogate parent figure. They hardly remember 200-09 since they were so young, so now they're trying to figure what to do next. Perhaps there's hope. 

John Feneck is now an unabashed gold bull. After gold’s recent move, breaking the $1700 pyschological resistance point, there’s good reason. He’s been involved in the sector for decades. He’s an authority on ETF’s and fully comprehends the current composition of the VanEck Vectors Gold Miners ETF (GDX). He believes that a metals portfolio must be balanced between majors, such as Newmont and juniors. They both offer amazing profit potential. Besides the monetary story, QE to Infinity or Death  - whichever comes first, there’s an incredible energy play as well. With energy prices at generational lows, the cost of digging an ounce of gold or silver out of the ground has plummeted. Mines are shut down all over the world, awaiting the passing of the Coronavirus. The story has never been more compelling than now. 

John began his career in 1992 as an equity analyst on the Merrill Lynch global allocation fund (MALOX). From 1993-2019, John was a senior executive for Mutual Fund and ETF providers, spending most of his career at Merrill Lynch Funds (now Blackrock) and JP Morgan Chase Funds. He was ranked #1 in both gross and net sales once at Merrill Lynch and three times at JP Morgan Chase (out of 40 senior executives.) John has conducted over 250 seminars and has been part of an investment roundtable at 4 global events. He has also been a contributor to Live Gold Prices | Gold News And Analysis | Mining News | KITCO .

Modern Monetary Theory has won out, AOC should be thrilled. The theory basically purports that we can have it all and don't worry about hyperinflation or currency collapses, can't happen here. And that's why gold and silver miners are going to take off to the moon. With $1700+ gold, it's just a matter of time till the juniors get rediscovered and capital gets redeployed. Keep your eye on the GDX. 

According to noted mortgage specialist Debbie Bloyd, real estate closings are still taking place and while it's very difficult to shop for a home, especially if it's owner-occupied, there are some people who have to move and find a new place. Obviously, how much longer the lockdown continues will have a major bearing on the market. Debbie warns all to be careful about applying for a mortgage payment deferral. You need to know repayment terms and while it shouldn't negatively affect your credit score, you need to check to be absolutely certain. There's other traps that we go into in depth. Take a listen. 

The country has been in lockdown for nearly 1 month. Has it helped, well of course the politicians think so, they've seen their power increase and they get to make pronouncements not based upon any law or reason. How much longer will it go on? At the first sign of a lessening of the lock-down, people will leave their homes en-masse and that will be the end of it. 

On Nick's radar today:

1. Earnings season has begun with earnings from JPM, JNJ, and WFC. Earnings season will continue for the next 4 to 5 weeks. Nick doesn't think the numbers will matter much due to the recent shutdown. Tomorrow we get more financial stocks reporting such as Goldman Sachs, Bank of America, Charles Schwab, Citibank, PNC, U.S. bancorp & United health. Earnings season is very cloudy and very bad. JPM is backing off and Nick believes it’s a potential buy within the next week and believes it could it hit $110. He’s looking for an additional pullback. JPM is the leader of the pack. Goldman’s earnings are due out tomorrow and it's looking good on the chart. Could pop to $205. 

2. Oil is trading lower again this morning. It will be important to watch the pattern this week for a possible setup. It’s been week since the OPEC cut and crude has been down. It has not given a buy signal yet. When it does Nick will be on the long side. Interesting pattern with small risk and large potential gain. Look for it to hit $30 and then $36. 

3. Gold is in an uptrend, but it is extended at this stage. Nick thinks it needs to pull back at his point of the game.  For today silver is up 4%. It’s chart is looking very strong and has increased gradually. The real test is $17.50 to $18.00. Then it’s on to $20 and then the mid $20’s. 

Member Inquiry

1. Hershey (HSY): I'm going to put 6% of my portfolio in HSY, if the price drops to $120. Nick believes that $130 could be a good entry point. 

2. Stanley Black & Decker (SWK): I'm going to put 4% of my portfolio in SWK, if the price drops to $100. Nick likes it at that level and would place a stop at $80. 

SWK chart is on the screen now. Here's Nick's analysis of the stock. This chart explains the natural ebb and flow of how equities move higher. Here is a recent chart of SWK. Notice how the stock rallied up from the March 23rd bottom, then it stalled and retraced from March 26th to April 1st under it's 20-day moving average. It then started to move higher into the $120.00 level on April 9th. 

Great news! According to Joshua Jensen a/k/a JJ the CPA, the stimulus is starting to arrive. It's amazing to think the US Government can give away hundreds of billions in such a short period of time, but they're actually doing it. Let's hope it provides a lifeline to small businesses across the country. JJ give the latest updates on all the various stimulus programs being doled out now and how you can get your piece of it. Don't be too proud or humble, even if you think you don't need it, apply for it and if things turn out great, you can always give it back. Lot's of great actionable intelligence here. 

JP Morgan has stopped making business loans and they’ve tightened up their mortgage lending standards to at least a 700 credit score and 20 percent down. No doubt other banks will follow. It’s reminescent of the their move last year when they completely pulled out of the repo market overnight. Gold coincidentally rose $22 per ounce while we were speaking. Not a bad move for a monday. 

John Feneck is now an unabashed gold bull. There’s good reason, with gold’s recent break past the $1700 resistance point. He’s been in the sector for decades. He’s an authority on ETF’s and fully comprehends the current composition of the VanEck Vectors Gold Miners ETF (GDX). He believes that a metals portfolio must be balanced between majors, such as Newmont and juniors. They both offer amazing profit potential. Besides the monetary story, QE to Infinity or Death  - whichever comes first, there’s an incredible energy play as well. With energy prices at generational lows, the cost of digging an ounce of gold or silver out of the ground has plummeted. Mines are shut down all over the world, awaiting the passing of the Coronavirus. The story has never been more compelling than now. 

John began his career in 1992 as an equity analyst on the Merrill Lynch global allocation fund (MALOX). From 1993-2019, John was a senior executive for Mutual Fund and ETF providers, spending most of his career at Merrill Lynch Funds (now Blackrock) and JP Morgan Chase Funds. He was ranked #1 in both gross and net sales once at Merrill Lynch and three times at JP Morgan Chase (out of 40 senior executives.) John has conducted over 250 seminars and has been part of an investment roundtable at 4 global events. He has also been a contributor to Live Gold Prices | Gold News And Analysis | Mining News | KITCO .