Kerry Lutz's--Financial Survival Network

www.FinancialSurvivalNetwork.com presents:

John Butler, author of The Golden Revolution, has been getting a lot of publicity and has made numerous appearances around the media circuit since our last interview. FSN can proudly take credit for being one of the first to recognize John's tremendous contribution to the gold standard debate. As John said, "This book begins where Jim Rickard's Currency Wars ends." John also had much to discuss about who's reading his book and what people are saying.

When you write a book, or reach out to the public to try to explain complicated economic and political issues, you're never sure if you're going to have an impact. However, when the Chairman of the Fed, The Ben Bernank, takes time out from his busy day to blast the gold standard, something is happening, and that something is a debate. When Nixon closed the Gold Window in 1971, there was never a debate about the possible impact of such a move. Rather, just like gold confiscation, it was done by executive fiat. This failure to debate the consequences of such hasty, pragmatic actions, has done untold damage to the world financial system and the US dollar and standard of living. 

The debate, while long in coming, will soon be fully engaged. 

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

www.FinancialSurvivalNetwork.com presents:

Markets and financial reporting were virtually flat in April. The only bright spot on the horizon was natural gas prices, which were up 16 percent, probably a dead cat bounce. The Dow, Nasdaq, Oil and metals prices were channel trading, but these directionless markets are usually short lived. As Mickey and I spoke, gold and silver were getting raided as usual. Employment numbers were released, and they pointed to a slight decrease in new filings. However, these monthly numbers have been shown to be completely unreliable and inaccurate; wait for the inevitable revisions to kick in. 

In other precious metals news, Copper is showing great stability, while platinum got kicked in the teeth and fell bellow gold once again. But, history shows such instances to be short-lived, and this will no doubt follow the pattern. So we'll see if the old saw, Sell in May and go away holds true this year like it has in previous ones. 

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

www.FinancialSurvivalNetwork.com presents:

David Quintieri has written a new book entitled The Money GPS, which is intended to help Americans wakeup to the impending dangers of ceaseless money printing and the collapse that it will eventually bring about. All empires inevitably collapse, and it's difficult to tell whether they were brought down by poor economic policies or other factors. But, it is undeniable that monetary debasement has always helped exacerbate the collapse. Government officials, since time immemorial, always try to get something for nothing and always try to give more and more people a free lunch. But in the end, the results are always the same. Collapse! This time will be no different than the others. 

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

www.FinancialSurvivalNetwork.com presents:

Only in Illinois, Ronald Reagan's birth place, would the comptroller of a small city steal funds for 23 years, undetected. Rita Crundwell, 59, took more than $53 million over the past two decades from the city of Dixon, Ill.; among her ill begotten acquisitions were:

• $2,500,000 in personal American Express charges, including over $339,000 in charges for jewelry.
• $2,108,000 for a 2009 Liberty Coach Motor Home.
• $450,000 horse farming operations expenses.
• $258,698 for a 2009 Featherlite Horse Trailer
• $146,787 for a 2009 Kenworth T800 Tractor Truck.
• $140,000 for a 2009 Freightliner Truck.
• $56,646 for a 2009 Chevrolet Silverado pickup truck.

The amazing thing is the city only has a budget of $8-9 million or perhaps $20 million. This means somewhere around 10 to 20 percent of the budget was stolen each year, and no one noticed! The City never saw fit to post their financial documents on their website, which virtually every other municipal government in the nation does. In my small town in Westchester County, NY, there would be an immediate rebellion over such an omission. This is shocking in-and-of itself and should have sent off alarm bells long ago. 

The New York Times is very alarmed over Apple's strategy in avoiding the taxman by a variety of creative strategies. That this type of behavior would be found objectionable by the Gray Lady is not surprising, because it's been years since they experienced anything resembling a profit. Then there's the former Fed Official Warsh, who's alarmed about the too big to fail banks but believes the solution is better disclosure. In this case, better disclosure would no doubt result in bank runs and lynchings. 

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

www.FinancialSurvivalNetwork.com presents:

Bob Chapman, the international Forecaster, is back with us to answer these major questions: Is there any hope for Spain? Is Italy next? What happens after Spain blows up? Should Europe add Apple as a member of the EU and change the currency from the Euro to the Apple? While we can dream about white knights and Hollywood finishes, there's really no one out there who can save the EU from itself. The manipulation of the financial system continues unabated with no end in sight. The more markets are undermined by government schemes, the less they perform their essential functions. This will result in larger cataclysm when these actions finally fail. Which leaves only one investment class available to protect your wealth and your family. If you've been listening to this show for any length of time, you know exactly what that is: PRECIOUS METALS!

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

www.FinancialSurvivalNetwork.com presents:

Ron Hera joined us on FSN yesterday to recount a recent recommendation, which he provided on the last show. The stock we spoke of is being acquired at a substantial premium, but that certainly isn't the end of the story. Ron believes the miners hit a bottom on April 23 of this year, and by virtue of the economic realities currently taking place, they have no where to go but up. But then, there's the dividend story; so many of these stocks are raking in huge profits. With metals prices so high, even if they're not at their honest valuation, well positioned juniors are scoring big. By instituting dividends, the market will eventually have no choice but to award the proper earnings multiple. It all comes down to a waiting game, for which savvy investors will be greatly rewarded.

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

www.FinancialSurvivalNetwork.com presents:

Peter Grandich is probably the best mining analyst around; mainly because he's been following mining stocks for the past 30 years. Peter has a unique understanding of the mining sector, and he doesn't hesitate to state these stocks are currently in one of the worst bear markets in history. There are many reasons why, but they really defy credulity. These stocks are trading around the same level as they were when gold was selling for hundreds less per ounce. Consequently, many investors have either thrown in the towel or will shortly; this is the stuff that bottoms are made of. 

One stock I came across, which I do not own, is selling for just 1.1 time EBITDA and has a three percent dividend. Companies in productions are scoring huge profits. And the companies about to commence production are being valued as if they were beginning stage exploration plays. Every dog has its day, and these stocks will have theirs, probably sooner rather than later. After all, how much lower can they go? Every time we say this, somehow they figure out a way to go lower, but only to a point. Peter thinks that point has been reached, and we will see a turnaround sooner rather than later. 

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

www.FinancialSurvivalNetwork.com presents:

Chris Duane and I talked about YouTube and personal brand building. As we discussed, neither of us is doing our shows to get rich quickly. Rather, we enjoy getting the information out. Our ultimate goal is to help you understand the current economic climate. It is truly astounding there's so many people strolling along life with absolutely no comprehension of where the economy and the world are heading.

Today, YouTube/Google took down a Ron Paul channel for specious copyright infringement allegations. Google is the Federal Reserve of the internet. Without their blessing, it can quickly become impossible for any company to conduct business. How this matter eventually gets resolved will have a large impact on internet free speech, which the elitists are still trying to get control over. They've been trying to control people's driving habits for a hundred years and that hasn't worked out too well, and neither will their efforts at internet dictatorship.

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

www.FinancialSurvivalNetwork.com presents:

The former manager of Clark County Nevada has written a book Rethinking Public Sector Compensation, which chronicles the ills that thousands of municipalities across the country now find themselves in. Bankruptcy is the only option for a system that has become unsustainable and corrupt to the core. Clark County Firefighters are pulling down $175,000 per year in salary alone, not to mention their exorbitant pensions and free tax-payer-funded lifetime health insurance. No wonder everyone is going Galt. Who can afford this burden?Eventually the promises will be defaulted upon, the sooner the better. Kudos to Mr. Reilly for finally telling the truth that has been hidden for so long. He has an open invitation to the show. We'll be trying to track him down to get an exclusive interview. 

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

www.FinancialSurvivalNetwork.com presents:

Andy Hoffman is here for his Monday Rant. Seems the worldwide economy is sinking faster than the standard of living of the average American worker. There's nothing else to blame but the collapsing dollar and the fiat currency based world economy. It is appearing more and more likely there will be nothing left standing in its path, except perhaps the few people that had the foresight to purchase gold and silver. Certainly, if you have any chance of surviving at all, precious metals are the road to salvation. Bu then again, maybe governments will become honest and banks will become non-profit organizations so we can all go back to buying stuff we didn't need anyway, but then again, probably not. 

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

www.FinancialSurvivalNetwork.com presents:

We sat down with Ty Andros today. We're both travelling so forgive the less than stellar audio quality. Even though the government would like you to believe there's nothing's happening here, just move along please. First, and most importantly, when Congress last moved to increase the deficit, they thought it would carry them till after the election. However, they were off by several months, so around 60 days before the election, they'll have to go back to an issue that is as radioactive as Fukushima. We'll see if they can put the genie back in the bottle till after the election, but it's doubtful. The implosion of Europe is moving right along and picking up steam as we speak. Freedom continues to be abolished in the US with the nearing passage of the internet security act, which of course is all for your benefit and safety. The charts continue to tell the true story of the economy, gold, and the dollar. Ignore them at your peril and always remember that with every crisis comes great opportunity. 

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

www.FinancialSurvivalNetwork.com presents:

Yesterday, on April 26, 2012, I was flying from New York to Florida. I always like to get a window seat so I can watch the "action." It was a very uneventful flight, calm smooth skies; just the way you want a flight to be. Periodically, I looked out the window to see if I could recognize any landmarks and to watch the planes heading in the opposite direction. About 2 hours into the flight, near the Georgia-South Carolina border, I look out my window, and there's a predator drone, presumably unarmed. At least I didn't see any missiles, but that's probably next! 

We are now living in the surveillance state. Inevitably, the surveillance state becomes the police state, where you can be detained without any probable cause that you've committed a criminal act. We've been losing our freedoms for the past 100 years and now the pace is accelerating. Think about that when you tuck your child in at night!

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

www.FinancialSurvivalNetwork.com presents:

Although we really don't tend to discuss politics at FSN, Dr. Yaron Brook joins us today to discuss the American Motors of Presidential candidates we've got on the ticket for this year's election. Americans seem ready to vote Obama out, but are we as a nation really embracing the freedom that limited government can provide? Dr. Yaron Brook thinks the Obama healthcare plan is a diaster, but will the Supreme Court repeal it and put it out of Obama's misery?

Clearly, the courts lack a basic understanding of what the constitution means and what its purpose is. The courts have completely misinterpreted the founding document, which outlines a limitation on the role of government such that every law passed by the legislature is supposed to be qualified by its consistency with the constitution. Our government has abandoned the limiting principle that is the Constitution all together. However, Obamacare provides an opportunity for Da Boyz to say that the Constitution doesn't allow the federal government to mandate healthcare. The problem is the Fed has 100 years of precedence suggesting the government has no limits. We have a government out of control, and it will be really interesting to see how this continues to pan out during the election.

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

www.FinancialSurvivalNetwork.com presents:

Trace Mayer and I sat down for lunch together in Manhattan today. We discussed the impending collapse, how governments will sustain themselves, and why it all means bad news for you. Trace, an author and proprietor of www.RunToGold.com, believes the current dollar/currency crisis could go on for many more years. My personal opinion is we're a lot closer to the end, than the beginning; perhaps, we're just one Black Swan away.

In any event, there are many strategies available for you to avoid suffering a disastrous fate, but you must act soon. The government, with its insatiable demand for cash to fund its overblown and inefficient operations, is going to be eliminating many of the techniques that you can now use. So, better to do it soon than to see all your options get cancelled out. 

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

www.FinancialSurvivalNetwork.com presents

I trekked from New York to Philadelphia this past weekend to check out the End the Fed Rally and Dr. Ron Paul's Rally at the Independence Mall. It was very fitting that the birth place of the Constitution and individual liberty would be the venue for over 4,500 people seeking to restore freedom and cut back an increasingly powerful and intrusive government. From the interviews I conducted, it is obvious the "average" person has figured out the governmental scam and is appalled by it. We want our freedom back, and we want the government drastically reduced in size, power and expense. 

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

www.FinancialSurvivalNetwork.com presents

Nick Santiago of www.InTheMoneyStocks.com joined us again for a wide ranging discussion about making money in the stock market. According to Nick's methodology, increased volatility is good for increasing investment returns. This means being able to follow the Fed's shadowy hand when they buy bonds and distort the market. Accurate charting is the key to following the moves. Buying gold, silver and perhaps some well valued real estate with your trading profits will help you go a long way towards the gold. Trading is not for everybody, or even most people, but if you have the right temperament it's a great way to make excellent returns. More importantly, use the current low interest rates and low real estate as well as metals prices to accumulate positions that will later allow you to profit or, at the very least, protect your wealth. 

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

www.FinancialSurvivalNetwork.com presents

Danielle Park, proprietress of www.JugglingDynamite.com joined FSN today for another far-ranging discussion of what's wrong with the global financial system. It seems not a lot has changed since the Great Depression, and the lessons which were learned during that debacle were slowly forgotten. As a result, limitations on banking activity and financial instruments gradually gave way to a climate of cowboy, crony capitalism. The banks, while receiving extremely generous privileges from the government were able to avoid all limitations on their behavior and business practices. After the passage of Glass-Steagall, commercial banks were prohibited from engaging in risky banking activity. They weren't allowed to expand to other states and could only engage in sound lending. Throughout the years, that all changed and eventually the banks became the masters of their own destiny, as well as everyone else's. Yet again, we now see how this science experiment has wound up. It's time to restructure the entire financial industry, get rid of the zombie banks, and the performance of basic function of capital allocation and character based lending. 

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

www.FinancialSurvivalNetwork.com presents

"Ranting" Andy Hoffman is back for our Monday afternoon get together. He believes the international crisis has entered a new phase. No matter how the politicians try to use inflated GDP numbers, uninflated-inflation numbers, or many other statistics, global economic activity is declining and people around the globe are getting more poor. China's on the precipice as is most of Europe and eventually the US. Manipulated markets are not healthy markets, and there's nothing real about any public market in the world. Therefore, get ready! Get your plans in place and sit back, wait for the inevitable. It will be here sooner than you ever thought possible. 

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

www.FinancialSurvivalNetwork.com presents

Larken Rose, a noted libertarian, perhaps bordering on anarchist, spoke at the Ron Paul/End the Fed Rally in Philadelphia, this Sunday, 4/22/2012. Rose was quite impassioned, and he rallied the crowd. His perspective on government is that the functions it performs, it performs badly; individuals acting in concert could do a much better job. Rose's belief is that while limited government is a worthy goal of any society, in actuality it never works out the way it's intended to. Once Da Boyz have been given the right to tax, this quickly becomes the right to steal. This is how the United States has wound up in its current situation, tottering on the brink of collapse and totalitarianism. 

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

www.FinancialSurvivalNetwork.com presents

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.

www.FinancialSurvivalNetwork.com presents

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.

www.FinancialSurvivalNetwork.com presents

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.

http://financialsurvivalnetwork.com/ presents

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.

http://financialsurvivalnetwork.com/ presents

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.

http://financialsurvivalnetwork.com/ presents

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.