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

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

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

Michael Pento believes that the Fed's rapid rate increases have caused a banking crisis, and that the Fed's actions have created an artificial construct that will lead to a deflationary recession/depression followed by runaway inflation. He predicts a 30-50% drop in equity averages and suggests investors play it safe by collecting dividends in a safe manner.

John Rubino is concerned that automation and government debt will lead to a collapse of the current system, and suggests that people should move their money into assets that cannot be inflated away. He also suggests shorting certain stocks and buying long-term options as a way to make money from the collapse. Kerry Lutz suggests using inverse ETFs and buying puts on the Housing Homebuilders ETF as other ways to make money. He also mentions a drug, Amg tide, that could help people with addictions to consumerism.

America just refuses to face reality and that means that the dollar will continue to lose value and more and more money will be tossed into the furnace. Politicians are much more willing to feed the inflation beast than they are to fix the underlying problem of out of control spending. And it's not a matter of parties. It's matter of always taking the easy way out. After all, in current day America, a politician's primary responsibility is to get reelected every 2-4-6 years  Until that changes, nothing else will change.

Visit Brad's Site: https://askBradWilliams.com

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Wolf Richter summarizes that the economy is a mix of different sectors, with some doing well and some struggling. Consumers are still spending, but the banks are facing high interest rates and the commercial real estate sector is facing repurposing and foreclosure. The auto industry is seeing a decline in sales, but Tesla is still doing well.

Joe Robert is investing in two different areas, one being real estate in the Outer Banks of North Carolina and the other being Web 3, which is the next software evolution that allows for peer-to-peer transactions without intermediaries. He believes that now is a good time to invest in Web Three as people are scared away from it due to the over leveraged companies that have blown up. Examples of Web 3investments include Bitcoin and Ethereum.

Dana Samuelson, founder and president of American Gold Exchange, joined Kerry Lutz on the Financial Survival Network to discuss the current state of the gold market. He believes that gold is consolidating around the $2,000 mark and that the key to the gold market is the value of the dollar relative to other currencies. He believes that if the Fed is forced to pause, gold has the potential to increase by 10-15%. He also believes that the global debt crisis is unsustainable and will eventually lead to the devaluation of fiat currencies. He believes that gold is the currency of last resort and will be a great hedge against the loss of purchasing power of the dollar.

AEG Website: https://amergold.com

FSN: https://FinancialsurvivalNetwork.com

Kerry Lutz and Michael Markowski discussed the possibility of a Great Depression due to a decrease in auto demand, the cost of manufacturing cars, and the slowing of cash flows for the biggest companies. They also discussed the inability of the US government to print money to mitigate the situation due to inflation.

The debt ceiling is a political bargaining chip used by both parties to get their desired outcomes. It is inevitable and does not have to be a bad thing, as long as it is kept under a certain percentage of revenue. The disruption to the monetary system will come from digital currencies, which will be backed by a military and government. The US is relatively stable, but the next 3-6 years will be volatile and rocky due to the economic downturn and Covid. Individuals should prepare for this by being aware of the situation and taking necessary precautions.

Find Carl at https://carl360.com

Visit us at https://FinancialSurvivalNetwork.com

Jim Welsh believes that the coming secular bear market has already begun and that it will be worse than the 1966-1982 period. He bases this on factors such as debt, demographics, and the risk of war. He believes that the economy will slow in the second half of 2021 and that the market will follow, leading to lower returns for investors. He suggests that investors take advantage of opportunities and be prepared for a hard landing.

Gordon T. Long believes that the banking system is in an extinction event and that the Fed's reduction of interest rates may initially create excitement, but will eventually break down. He also believes that the dollar is currently a safe haven, but that risk premiums on bonds will push interest rates up to 4%, and that the Fed is trying to buy time to prevent a hard landing recession.

Kerry Lutz and Nick Santiago discussed the choppy markets and the banking crisis, noting that the central banks are likely to introduce a digital currency in the near future. They also discussed the recent dip in gold and silver prices, and the possibility of a nominal high for Bitcoin before it begins to decline. Finally, they discussed the possibility of the central banks offering incentives such as toasters and TVs to encourage people to open accounts with the new digital currency.

We sat down with Regenx Tech’s (🇺🇸RGXTF -- 🇨🇦RGX) CEO Greg Pendura and USA Division President Rick Purdy for a sponsor update. They are moving quickly towards a production start at their flagship Tennessee plant. Their proprietary process which takes discarded diesel catalytic converters and extracts platinum, palladium and rhodium was proven out in their pilot plant and is well on its way to commercial production. Once operational, it will recover up to 3000 grams per ton of plat/pal. With an expected processing rate of 2.5 tons per day, the numbers quickly add up. They will be printing money.

Their close relationship with industry leader Davis Recycling assures that they will have a near inexhaustible feedstock supply. They’re already planning for three additional modules at the site. Capex will be lower than the initial module and costs will also be less as economies of scale kick in. The process is being continually refined and recoveries are expected to increase to well over 90%.

Currently 6 people are working at the plant. Once it’s fully operational that number will increase to 15. The company has received a highly positive reception from state and local authorities. Everyone is firmly committed to reducing hazardous materials that find their way into increasingly scarce landfills.

Once the system is in place, it is easily scalable and replicatable. Pendura foresees a global network of plants all churning out consistent profits. The benefits of reducing toxic discharges into landfills will be meaningful; which is why we’re shareholders.

Company website: https://Regenx.Tech

Dave Valentine is an entrepreneur and business owner who owns seven different companies. He believes in creating outrageous offers and focusing on marketing and sales ahead of time. He has created a program called the Dream Agency Quest to help other business owners scale their agencies. He advises to focus on one service or industry, prioritize lead generation, and enjoy the process.

Got to Dave's site @ https://DaveValentine.co

We received an update on Prospera Energy (🇺🇸TRBMF -- 🇨🇦GXRFF) from CEO Samuel David along with some valuable feedback from White Tundra’s Shubham Garg. The recently released resource report shows that Prospera’s reserves grew 50 percent last year. Production held steady during the very cold months of winter at the company’s Alberta and Saskatchewan fields.

 CEO David believes that 2023 will be a transformative year and production could double if circumstances go in Prospera’s favor. That would be a near 50-fold increase from when David took over the company In addition, acquisitions are very much on the table and being actively pursued by the company.

 The 2023 drill program will get underway in the summer, with 18 wells being drilled. With the increasing reliance on tech to maximize recoveries, strict reservoir management is more important than ever. CEO David’s strategy is to bring new wells on stream gradually and increase output once the scope of the reservoir is fully understood. This patient process will ensure these new wells produce for decades at extremely low decline rates, all while seeing production costs decline and profits increase.

Garg summed this up quite well stating, “Prospera is now in the escape velocity out of Earth and once you get into low orbit, it's a lot easier to get into high orbit from there. It is just the way physics and science works, and it applies to reservoirs as well.”

And we as shareholders in Prospera agree that the merger of technology, reservoir management, new efficiencies and the utmost respect for the environment will see the company reach new heights in 2023.

Company website https://prosperaenergy.com

Shubham’s website https://whitetundra.ca

Johnny Wolff of www.livehomeroom.com discussed his business, which provides investors a means of renting out homes by the room rather than by the entire home. He explained that this can result in up to 50% more rent and that the average tenancy length is 16 months. He also discussed the key demographic of 18-35 year olds, who are looking for a more flexible and social way to live that is also more affordable. He also discussed the services they provide, such as roommate screening, judgment searches, evictions, and criminal record searches.

Johnny's site: https://LiveHomeRoom.com

John Rubino explains that regional and local banks are still facing a banking crisis due to bonds on their balance sheets and commercial real estate losses. He also discusses how the experts have failed to manage the economy, leading to instability and mistrust. Finally, he suggests that markets should dictate policy instead of dictators.

and the effects of quantitative easing on inflation. They also discussed the importance of liquidity and paying down debt, with a focus on low interest rate debt.

Tyler Nicholls created the Kudosy app to teach financial education to people of all ages. The app is designed to be fun and engaging, and to help families learn financial principles together. It has been in use for five years and has a perfect five star rating. It is available on the Apple App Store and will soon be available on Android. Tyler and Kerry discussed how the app can help families, and how it is a more effective way to learn financial principles than traditional methods.

Links

https://kudosy.com

https://FinancialSurvivalNetwork.com

We received a major sponsor update from Torq Resources’ (🇺🇸TRBMF -- 🇨🇦TORQ) Chief Geological Officer Michael Henrichsen. The news was beyond good. Torq just identified 7 porphyry targets at their Santa Cecilia project, several of them are at or near surface. Now the issue is where to drill first. Henrichsen says they’ll start with the targets closest to surface. That way Torq can get the most out of its current 15,000-meter drill program. Henrichsen is flying to Chile to personally oversee the next moves.

The project owes much of its success to Torq’s top notch Chilean team. They were able to facilitate and close the Santa Cecilia acquisition during the height of the pandemic. They hit the ground running and results are coming in. There’s good reason to be excited. In 2012, two holes were drilled. One yielded an impressive 869 meters of .2% copper along with significant moly and gold presence. The project remained in a dormant state until Torq picked it up. It’s directly adjacent to Barrick/Newmont’s Norte Abierto project. Obviously, the neighbors looking on with extreme interest.

Two drills are already on site at the Cerro del Medio target. Torq is moving fast as the upcoming winter drilling hiatus is near. Henrichsen’s excitement was clearly palpable, “…it's a dream for us to have a project of this magnitude. I mean honestly to have it in a junior is kind of amazing, you know? …we’ve got to manage that, right? Like it's fantastic, but it's also big… We've got to communicate to everybody, like we're going to drill the best, we’ve got to do that work and get that drill in the right place, the sooner the better,” he stated.

More news is ahead as drill results start coming in. Torq is a company moving in the right direction.

Company website: https://www.TorqResources.com

Kerry Lutz and James F Locke Jr discussed the banking sector and the Federal Reserve's role in it. They discussed the potential for a banking collapse and the implications of the Federal Reserve's decision to raise interest rates. They also discussed the potential for stagflation and the role of Congress in controlling spending. They concluded that the Federal Reserve will likely raise interest rates by a quarter point, but that the language used in the announcement will be important. They also discussed the possibility of the Federal Reserve cutting rates later in the year.

https://poolelocke.com/about/our-team/

https://FinancialSurvivalNetwork.com

Esther Kuznetz and Kerry Lutz discussed financial health, which Esther defined as not having to worry about bills and having money in the bank for emergencies. They discussed how to measure financial health and how Esther helps her clients build their financial health. They also discussed how some people are in denial about their financial situation and how living beneath your means is the best way to build wealth.

https://StarFinancialSolutions.com

https://FinancialSurvivalNetwork.com

Joryn Jenkins is an attorney who specializes in family law and matrimonial law. She works to change the traditional system of divorce, which can be financially devastating, by advocating for collaborative divorce. She recounts a story of a client who spent over $250,000 in five years on legal fees and appeals, and emphasizes the importance of settling disputes to avoid litigation.