Kerry Lutz's--Financial Survival Network

Darryl Schoon saw the the real estate bust coming in 2007 and even wrote a well regarded paper about it. Now he sees the same thing coming for the US Government Bond Market, with results that could be catastrophic. He says that buying precious metals is like buying a single premium life insurance on the world economic system. You'll almost certainly be able to cash in on it. The world has become an out-patient drop in center that has run out of meds. Better not wait too long. 

Rick Ackerman believes that the stock market is topping out now. Where will all that money go? Into the bond market of course. That will cause already low rates to tumble even further. But there's no other place for it to go. We're headed for more deflation and nothing can stop it now. 

Following the logic, if a drug dealer is just an unlicensed pharmacist, than an illegal alien is simply an undocumented worker. No one is responsible for anything that they do anymore and the buck stops nowhere. And why should it, since the government never takes any responsibility for anything either. Whether it's Obamacare blowing up, or a flood of illegal aliens crossing the border, it's nobody's fault. 

When John Rubino and James Turk recently wrote The Money Bubble, a follow-up to their bestselling The Collapse of the Dollar and How To Profit From It, they were unprepared for how quickly it was all going to happen. Now we have an auto credit bubble starting to unravel. There's also the student loan bubble and the junk bond bubble. What's next, the teenager allowance bubble? There's so many bubbles that have been blown and now they're starting to pop, what's a central planner/banker to do? We're sure it will all work out in the long run. 

Chris Vermeulen--TheGoldandOldGuy.com is an expert at detecting market short and medium term trends. He believes that all signs are pointing to an intermediate stock market correction and he thinks it's an excellent time to make money. But you've got to be on the ball. Precious metals could be heading lower. Same with oil and commodities. But Chris is unconcerned. As long as the market is moving and he's picked up on the trend, he's happy. 

Manipulation Mondays with Andrew Hoffman

• Unmitigated disaster in US;
• Inability to attack precious metals;
• Horrible ADP report—just 3k manufacturing jobs;
• GDP report totally fabricated;
• FOMC couldn’t be more dovish;
• Amazon’s horrible earnings;
• ISM seasonally adjusted to positive;
• Case-Schiller looking at big housing drop;
• Microsoft layoffs;
• Employment costs index up .7%;
• Chicago PMI falling like a stone;
• Construction spending down;
• NFP report usual fix-who’s starting businesses;
• Portugerse Bailout and bailin;
• Japan -6.5 GDP 2nd Quarter; 
• China covert QE has started.

Steve Lord started The Modern Money Letter to provide education, information and insight into opportunities in the alternative currency market. Primarily focusing on Bitcoin, the free website and email newsletter gives sharp and timely commentary and analysis to help individual and institutional investors navigate the macroeconomic environment of alternative currencies. Their aim is to save people time and money, and to simplify the process of discovering and evaluating alternative currency opportunities. And who knows, the way things are going now, Bitcoin just may become the world's next reserve currency.

In their haste to beat down gold in the wake of the Fed meeting, looks like it wasn't quite enough to keep it down. While Da Boyz always like to slam gold on the last day of the month whenever possible, it seems to be snapping back right away. 

Keep your eyes focused on the political scene. The same pattern that brought you Comrade DeBlasio is likely to bring you Comrade Warren as the Democratic nominee. 

Much more here than we have space for. So keep listening.

Monty says finally, statistics regarding the changes in net worth have made the mainstream media. These statistics, as reported in the NY Times, are horrific, as are the implications for the future of the country.

Net worth may be the best single measure of a country’s well-being. Median net worth is a reasonable marker for the standard of living. Medians (or averages) are not good measures to capture what is happening at the lowest or highest ends. (More about that below.)

In the simplest terms, net worth is the value of a person’s assets minus his liabilities. If this measure is growing, a person is becoming better off. If it is shrinking then that person is becoming worse off, at least in terms of wealth.

ROBERT MAZUR spent five years undercover infiltrating the criminal hierarchy of Colombia’s drug cartels. The dirty bankers and businessmen he befriended—some of whom still shape power across the globe—knew him as Bob Musella, a wealthy, mob-connected big shot living the good life. Together they partied in $1,000-per-night hotel suites, drank bottles of the world’s finest champagne, drove Rolls-Royce convertibles, and flew in private jets. But under Mazur’s Armani suits and in his Renwick briefcase, recorders whirred quietly, capturing the damning evidence of their crimes. Then, at a staged wedding, he led a dramatic takedown that shook the underworld. In the end, more than eighty men and women were charged worldwide. Operation C-Chase became one of the most successful undercover operations in the history of U.S. law enforcement, and evidence gathered during the bust proved critical to the conviction of General Manuel Noriega.

TheStreet.com's Dan Freed joins us for a discussion of the mortgage crisis and just where that $65 billion in settlement proceeds that the big banks are paying over to the Feds and the States is going. In some states like New York it may actually help homeowners in need, but in others like California, it's just going to plug the deficit. Have we learned anything from the mortgage meltdown? That remains to be seen. 

Ivan Eland thinks that the American foreign policy elite should learn something from the recent humiliating evacuation of the U.S. embassy in Tripoli, Libya -- amid the chaos of tribal civil war in that country -- but probably won't. Since World War II, this bipartisan elite has thumbed its nose at the traditional U.S. foreign policy of strategic independence and military restraint overseas, which was initiated by the nation's founders and lasted through the most of the republic's history. Then the second great world conflagration demonstrated to the elite that new interdependence among nations somehow made that policy obsolete. Really?

Bix Weir and Chris Duane sit down for a round table. They talk about how they got into the sound money camp, how the system has managed to keep functioning the past six years and where they see it heading in the future. The Silver Fix ends on August 14, 2014, after 117 years. What's next? They give their candid views on silver, the fix, the bankster and much more. 

Joel Skousen is a political scientist specializing in the philosophy of law and Constitutional theory. He’s a designer of high of security residences and retreats that have been built throughout North America. His latest book is Strategic Relocation--North American Guide to Safe Places. He explains that hyper-inflation is not likely and that war with Russia and China is the likely goal of the globalists. This will enable them to institute a world government and currency. 

Dr. Elaina George was on today speaking about the potential for numerous health threats that can arise from the uncontrolled immigration that is now taking place. There's virtually no health screening being done on the recent immigrants. The possible diseases they can be carrying runs the gamet from drug resistant TB, to Swine Flu, to Ebola, to any other number of tropical diseases. Dr. George says that the American health system is completely unprepared for this threat that is being foisted upon the country. 

35 percent of the US population is being hounded by collectors. Not surprising in a country that's the largest debtor nation in history, it only figures that the population would be broke too. The next bubble is auto credit, with nearly $1 trillion in car loans outstanding. But have no fear, if you default on your loan or lease, they'll just immobilize your car or track it down by GPS and repo it. Isn't technology a wonderful thing? We also talk about a number of important current stories on FSN. 

Tekoa Da Silva recently joined up with Sprott Global Resources. Now he's looking at undervalued mining stocks and he's finding a number of good ones out there. While the broad stock market has heated up and will probably remain that way, the mining sector is still a value play. Where else can you find a company selling for less than its cash and short term investments? He believes that the next move in resource stocks is about to play out. 

We touched base with Mark Skousen to get an after action report on this year's Freedomfest. We had great fun there. If you're a libertarian then you really need to attend. The only negative, if there is one, is that there are so many sessions going on at once, that it's hard to keep track of it all. Perhaps an App would help. For us PJ O'Rourke was one of the highlights this year. 

Jason Burack of WallSt4MainSt.com joined us for a discussion of what's driving Wall Street higher. It's certainly not economic growth or rational investing. Rather the casino mentality has taken over the herd. Over-leveraging and M&A activity, among other things, is driving stocks ever higher. Flight capital from Europe and Asia is just pouring gasoline on the fire. That's why a healthy position in precious metals is always a good idea, for one day the madness will stop and that's all we'll be left with. 

• Options expiration coming 45 minutes;
• The newest manipulation hail Mary yield rallies;
• Fed Meeting on Wednesday—Pumping Priming;
• First GDP Number coming;
• Flat or 3 percent;
• Today’s diffusion indices;
• Housing numbers were awful;
• Record low Italian and Spanish yields;
• French employment numbers worst ever;
• Japan highest CPI in many years;
• Ukraine heating up—black swans;
• The new hail Mary and the CME Wash Trade Law Suit. 

2014 is beginning to look a lot like 2007:

NASDAQ tech stocks are back to 1999 levels

The number of IPOs with no earnings back to 1999 levels

Junk bond yields are even lower than in 2007

Corporate debt rising faster than in 2007

Margin debt back to 2007 levels

Stock prices higher than 2007

We've been speaking with Nick Santiago of InTheMoneyStocks.com for quite a while now. He's been making money in the market with an eye towards exiting to gold and silver when the time was right. Now he believes that the metals are about to see their day in the sun. When last we spoke, he was calling for them to start going and in fact they have. Now Nick believes the conditions are ripe for large price increases and he's putting his money where his mouth is, especially silver. 

Don's new book Rooseveltcare is very timely. Today we are at a crossroads. America’s entitlement state is threatening to bankrupt us, and new schemes such as ObamaCare are hastening the collapse. What should we do? 

In this provocative look at America before and after Social Security, Don Watkins argues that the answer is as simple as it is controversial: Abolish the entitlement state, starting with the retirement program that created it. 

This is not another book for policy wonks about the financial trouble the entitlement state is in. This is the story of the role that Social Security has played in eroding the eagerness, energy and optimism that once defined America. And it is a guide for fighting back.

We caught up with Martin Armstrong today. We wanted to know if he was sticking by his call for Dow 32,000 and for the Dollar to remain the reserve currency. He stands by his them and cites further proof that the wealthy are sending their funds to the US. Wealthy Europeans, Canadians and Chinese are buying up properties in the US. As far as the stock market, there's no other place to put large quantities of money. No one trusts the banks or sovereign bonds, so the market can only continue going up. 

TheStreet.com's Ross Kenneth Urken talks about why it's probably a good idea to buy a house within the next 5 months. Higher interest rates, higher home prices and higher rents could make this a good time to buy, but it all depends upon your personal situation.