Kerry Lutz's--Financial Survival Network

We met up with Warren Meyer today to discuss a number of things. Among them, Steven Rattner's trepedation over crowdsource funding. Also we discussed the upcoming Obamacare debacle and how bad it's going to be for Americans, just on a supply-demand basis, without even looking at the many unintended consequences. The current administration is always hammering away at business and the free market, except for the priviledged crony-capitalist class who can do no wrong. 

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We connected with Les Gold, star of the hit show Hardcore Pawn joined us today on FSN. Just like on the show, Les is charismatic, intelligent and extremely articulate. We talked about the store, his family and his history as a pawn broker. Les has built a huge business right in the heart of downtown Detroit. He's extremely proud of the work he does. For so many people, he's not just their last hope, he's their only hope. Every month dozens of people avoid eviction, feed their families and keep going because of Les. As far as future political plans, Les thinks that Detroit's Mayor and Michigan's Governor have it covered. However, he'd gladly become a consultant to Detroit, perhaps chief negotiator would be the proper role. FSN still believes he's the man for the Emergency City Manger slot. His book, For What It's Worth is coming out in June so stay tuned. 

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Dan Collins of the ChinaMoneyReport.com sees smooth sailing for the Chinese economy. He believes that much Western reporting that makes numerous claims of an economic bubble are gross exaggerations. The ghost cities are largely overblown. Most Chinese are cash buyers and even those that take out mortgages still put up 30 percent. China has become the largest trading nation in the world. Its currency is set to supplant the dollar over the next several years. Their main problems are inflation and the environment-which continues to rapidly deteriorate. Dan believes the best way for Americans to play the China story is by investing in Hong Kong. Right now HK dollar is pegged to the US dollar, but many experts expect that peg to soon break. That will lead to massive profits for those holding the HK$. 

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Frank Curzio, savvy investor with Stansberry Research believes that the markets are due for a pull and that it's a good time to take some profits off the table. He believes that Apple will once again find it's way, but must become more investor friendly. He's looking at the world of 3D printing and the miraculous advances in technology that it promises, but doesn't want to pay too much for it. And then there's an emerging technology area of palm/biometric security where he sees the next big thing. It will greatly enhance security and insure proper record management in crucial applications such as medicine. 

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Dr. Alieta Eck has been practicing medicine for many years. She's an unabashed critic of the current medical system. She believes that Obamacare is only going to make things worse. Expanding the failing Medicaid system, will only result in more failure, guaranteed. Medicaid refuses to pay doctors enough to make it a work. The solutions to the system are to be found in good old fashioned voluntarism and the free market. By having the government handle any medical malpractice claims, doctors will be free to concentrate on treatments and not high-priced CYA medical testing. This isn't just theory, Dr. Eck has done it in New Jersey and hopes that it will spread across the county.  

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Today New York Supreme Court Justice Milton Tingling struck down Mayor Michael The Nanny Bloomberg's ban on large servings of sugary soft drinks at the City's restaurants, delis, theaters and bars. His ruling chastized the mayor for over stepping his authority and stated that the actions of the New York City Board of Health were arbitrary and capricous. Bloomberg has vowed to immediately appeal, however from this veteran court observer's view, the decision is pretty much bullet-proof!

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Another Monday, another rant. Ranting Andy joins us for a look into the murky world of job reporting. Guess what! This report is as fake as all the others, aren't you shocked? Seems we're becoming a nation of part-timers. No wonder government work is so sought after. If you're going to work part-time, you might as well get paid full time wages. Also, we saw another $100 billion surreptiously shipped off to European banks by the magnanimous Fed. The more things change, the more they stay the same. Where it alls no one can guess, but end it will. 

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Well known author Andrew Blum spent quite a while studying the Internet's infrastucture. He visited dozens of data centers, switching points and other key internet distribution points. He's concluded that the Internet is a network of networks that is full of its own unique system of checks and balances. While parts of the network can be attacked and disabled, other parts continue on unabated. Amazingly, the system was never centrally designed or planned. It evolved over time, with countless contributors. Perhaps it's a lesson in the proper design of complex systems. 

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Rob Goldstein has been helping businesses and individuals get control over their debt and credit for over 25 years. During this time, he's chalked up many successes. Bankruptcy, while often an option, is not the only one available to you. Negotiating discounts, renegotiating debts are among numerous techniques he uses. Recently he helped a franchisee walk away from a store with zero personal liability. While your problems might now seem hopeless, Rob believes that there are options that you haven't considered or been aware of. Remember, you've got nothing to lose but your debt. 

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If you make $50,000 or $1,000,000, your taxes are going up. Michael gives a detailed explanation of which taxes have increased as well other significant changes that will have a major impact if you're a high earning taxpayer. You need to understand the impact of increased taxes as well as the changes in deductions will have on your tax liabilities. On thing that Wayne Allyn Root suggested was moving to a low tax state, or one with no income tax. This could result in a substantial tax cut over the long haul. 

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Art Keller is a former CIA case officer in the Counter-Proliferation Division, the part of the CIA charged with spying on and sabotaging Iran’s nuclear program. He's done commentary for CNN, CBS, The News Hour on PBS, Newsmax Magazine, and the National Geographic Channel.    He’s also the author of the spy novel (espionage thriller) about the CIA and Iran, Hollow Strength. He discusses his experiences when he was looking for weapons of mass destruction and some of the crazy operations he participated in during his CIA tenure.   

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WL Laney grew up in a migrant worker shack. By all rights, he should still be living in that shack, but now he's got several successful businesses that keep him very busy. Now he helps other people realize and take advantage of similar opportunities. It's one thing to have an idea for a new business, it's quite another thing to actually go out and do it. While WL is a religious person, he believes most strongly in the ability of the individual to succeed, even in the face of the most challenging circumstances.  

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Today was a first on FSN, our guest ended the interview early. Perhaps I was a bit too aggressive, but when someone tells me that we're not spending enough money on education or health or a myriad of other federal programs, I guess I go into overdrive. Ms. Comerford is a very sincere policy wonk. She believes that government programs like home heating assistance are beneficial and help people. She also believes that we're not spending enough on programs like Head Start and other well intentioned intiatives and she feels that there's plenty of moneyavailable for them. I challenged her on these points and she beat a hasty retreat. You decide who has the better argument. 

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We caught up again with Diana Zoppa. We covered more ways to save money and to insure that you'll have enough leftover funds to put into gold and silver. We also discussed Rand Paul's filibuster and how much difference it's really going to make. If the Attorney General of the United States, the highest law enforcement officer in the nation, can't state for the record that drone attacks non-combatant citizens at a Starbucks is forbidden by the Constitution, then we have certainly come a long way from what the Founding Fathers envisioned.  

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Kenton Toews of Sprott Global Resources joined us to discuss the current trends in precious metals and the markets. Kenton believes that new monetary systems are evolving now and that we will end up with a system of gold backed BitCoins or something very similar. People are fed up with the Fed's ability to create trillions of currency units on a whim and the world financial system can no longer abide by it. This means that money will change, whether the US and the EU approve or not. 

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Ned Schmidt is a financial engineer specializing in global capital flows. He has been an advocate and practitioner of value oriented investing for thirty years. He is absolutely certain that gold and silver are going up. Once the funds see the folly of the stock market, they'll come running back to commodities. However, if you try to catch the bottom of the market, you'll probably wind up shut out. And there's plenty of opportunities. Newmont Mining is yielding 4.4% and Barrack is at 2.7%. These returns are way higher than bonds and other fixed return investments.

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If you've been listening to the show or reading the papers you know that Detroit, MI is up the creek without a paddle. Decades of corruption and incompetence have led it to the brink of insolvency. In last ditch effort to avoid bankruptcy Michigan Governor Rick Snyder appointed an emergency manager to run things. The manager can pretty much do whatever he desires in the name of rescuing the city. But will it be enough?

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Jordan Roy Byrne, a frequent contributor to FSN, joined us for a precious metals market update. He's unconcerned about the consolidation over the past 18 months. This is typical of what happens in a bull market. There are always pullbacks and consolidations and this time is no different. You shouldn't be staying nights worry about where the metals are heading. Nothing in the world has happened to change his view. Money printing continues unabated. The economy continues down and gold and silver will resume their upward advance. 

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Ross Hansen is the founder of North America's largest private mint. Therefore, he's uniquely qualifed to explains what's been going on in the precious metals markets. Besides the usual cries of manipulation, he sees large amounts of hot money leaving the sector for greener pastures such as the stock market. While larger investors are seeking bigger returns, the fundamentals for gold and silver have never looked better. Ross calls gold the world reserve currency, the realization has yet become widespread, but it will. 

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Vonda White spent much of her earlier life in poverty. Her family was on welfare and foodstamps. She was determined not to repeat the her family's errors. She worked hard in school and jumped at the opportunity of a college scholarship. From there she started a highly successful career. But she soon understood that all that glittered was not gold. She realized that there are 6 areas in life, which determine one's level of success and happiness. Now she's wrote a book sharing her discovery.  

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Fred Manske, Jr., has held a number of high ranking positions in large corporations. He's come to the realization that the only way to succeed in business and to stay successful is by maintaining high ethical standards and showing decency in all of your business dealings. He thinks that the current business climate, typified most by Wall Street, is a large factor in what's driving the economy and the world down. But decency is infectious and once you start doing it, it's impossible to go back, so Fred is optimistic about the future. 

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David Gurwitz of Charless Nenner Research joined us for a market forecast review. Nenner is predicting major blood in the streets. The Dow and the economy are both headed dramatically lower. Interestingly, he doesn't attribute this state of affairs to political leadership or to market trends. Rather, he follows cycles, some hundreds of years in the making, to determine the future direction of numerous markets. His calls have been quite prescient too, recently he called Apple's top at 707. Before that he was urging clients to get out of the market in 2007, right before the crash. Whether you believe in cycles or not, his research warrants a look. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets