Kerry Lutz's--Financial Survival Network

Noted retail expert Howard Davidowitz joined us today. He doesn't see an economic  grezenshoot on the horizon. All the retailers' sales are in the tank and companies are moving away from the US to avoid the excessive taxes. Is it any wonder that this election cycle has been so dysfunctional? Howard believes that Bernie and Hillary are complete disasters and that our only hope is Donald Trump. Do you agree, write us at kl@kerrylutz.com with your opinion. 

According to Ralph DiBugnara, millennials often lament the lack of good paying jobs. And with crushing student debt and other considerations who can blame them.

"As a millennial myself I hear it all the time", says Ralph DiBugnara, VP of Residential Home Funding in Parsippany, NJ. "The hard truth however is that there are jobs to be had and in the last place most millennials would think."

Frank Vernuccio, Jr., joined us today. He's very concerned about the poor economic numbers. We appear to be headed to another recession. What will become of the beleaguered middle class? They took the brunt of the Great Recession and most have not recovered themselves. This could be a complete disaster in the making. Stay tuned!

David Gurwitz gave us another installment of Charles Nenner's cycle economic forecasts. It appears that gold has bottomed and the next upside target is $1338. David believes that it's going to take a while to get there. Interest rates are a question mark. David says the system is predicting rate hikes to about 2 percent. In light of the current economic conditions, that's real aggressive call. They're also expecting oil to increase throughout the summer, hitting a high of $67 per barrel. There's lots more calls about companies and commodities and the stock market. Take a look, because the trend is changing and you need to be ready. 

Dale Bellis, head of Liberty HealthShare joined us today. We discussed my first experience using Liberty HealthShare to pay for an upcoming procedure, my eyelids are drooping, interfering with my vision, especially at night. Using LHS, which is considered a healthcare cost sharing ministry turned out to be easier than using conventional health insurance and much more financially rewarding. My plastic surgeon's office called Liberty's pre-screening number, spoke on the phone for a short time period, approved the surgery and that was it! No back and forth, no prove that you need the surgery, none of the nightmarish red tape that our current system has devolved into. I'm all set for mid-June and my doctor will be paid in less than 30 days. Since joining Liberty HealthShare, I've estimate that I've saved nearly $11,000! And the savings keeps going up every month. No wonder Liberty HealthShare is up to 60,000 members. 

Just go over to JoinLHS.com and find out all about it. 

Mickey Fulp joined us today for our May Monthly Major Market review. The only show of its kind out there. Stock markets saw little action in May, closing slightly above breakeven. Precious Metals took a hit after two very hot months, not totally unexpected. Energy ex-Henry Hub and Uranium were up nicely. So was the dollar. But Bitcoin outshines everything else yet again going up by 14.5%. It was still increasing as of this show. What will June bring? Enjoy!

Michael Stumo is the Chief Executive Officer of the Coalition for a Prosperous America (CPA), a coalition of agriculture, manufacturing and organized labor associations, companies and individuals. CPA works for policies to balance U.S. trade, maintain U.S. sovereignty, and develop an effective national production and economic strategy. He's clearly on the Trump Bandwagon and wants to see America made great again!

Michael has been a lawyer with Stumo Law Office in Massachusetts; Brignole Bush & Lewis in Hartford, Connecticut; and Domina Law in Omaha, Nebraska.  His specialties have been business litigation, antitrust and agricultural law. He was previously general counsel of the Organization for Competitive Markets.

Wild Wednesdays with Andrew Hoffman:

Today's article - why the Fed would be absolutely insane (as if they aren't already) to raise rates June 15th
-Not that such an historically stupid decision would be "gold bearish"
-Explosion of potential near-term "black swans"
-Bitcoin Breakout

George Matheis, Jr. is a former law enforcement officer, biker and now author. He's trained swat teams and knows self-defense in and out. We talked about a situation that occurred at the local coffee spot with my group and a crazed Bigfoot Truck driver. George explained how we should have handled and what we should do in the future to above it. We also discuss George's new book, Inverted Edge Tactics: How to cut someone off of you! George explains how a simply pocket knife can keep you safe. 

Danielle Park is seeing deflation everywhere. There's a currency war where the loser is actually the winner. China is cutting its currency values in an effort to sell more stuff to the US and the World. It won't work, but it's worth a shot. On a net basis it's a loser. It's not going to build prosperity and lift standards of living. But it sure feels good when it's happening. 

David Seaman coined the term“Deflaming” to describe the process of inflammation reduction. We can deflame with both diet and supplements. The theme at deflame.com is repetitive. It is about reducing inflammation with The Anti-Inflammatory Diet and nutritional supplements. That is our goal and it should also be your goal. 

During the bear market, even the largest gold producer in the world, Barrick Gold, was struggling and at one point more than $13 billion in debt. They had no choice but to sell projects to reduce debt levels. Unfortunately for them, they didn't just jettison low grade low potential projects, they literally threw out the baby with the bath water.

Enter K92's which was following the trend and was at the right place at the right time. In February 2015, K92 purchased the Kainantu Gold project

In 2007 Barrick purchased this project for a then not unreasonable $141.5 million They spent more than $100 million on infrastructure. K92 bought what effectively was a turnkey project with extremely high ore grades for just pennies on the dollar. 

As if to add insult to injury, Alex Davidson, the Executive Vice President of Barrick,  in charge of worldwide exploration and corporate development jumped ship and joined K92 shortly Barrick shed the asset. 

Bry Slusarchuk details and describes the series of events that may be one of the greatest acquisitions of all time!

The days of mining diamonds from the Earth may soon be coming to an end. There's a lab in Singapore that actually grows investment grade diamonds in their laboratory. And they can't be told from their natural brethren. Will diamonds become so plentiful that they become worthless, or will they be able to keep the lid on the production and keep supplies limited. TJ believes they can and will. What do you think? 

Well known Wall Street Journal Editorial Board member has written a new book about the Fracking revolution. A war has been taking place in the US and around the world. Fracking, whereby previously unobtainable oil is now produced in amazing quantities has revolutionized energy production. However, there's a segment of the country that believes that Green Energy is the way to go. Unfortunately, at the present time it's just not viable. That's why all of Obama's Green Initiatives have failed miserably. What's next? The world's appetite for energy is increasing, although more slowly as a result of the poor economy. But eventually the US will be a major energy exporter and Stephen Moore believes it's the best thing for the US and the economy.

Greece is cooked. They're getting their payments stretched out and deferred nearly into the next century. But where's the growth going to come from. Greece is in a full scale depression. Austerity is killing Greece, 10k businesses shut down so far this year and 250k since the crisis started. And have you seen Venezuela lately. Lines to get everything, people going Mad Max to eat. What's a socialist to do? Answer, look to free markets and true capitalism. 

Where's it all going Wednesdays with Andrew Hoffman:

China devalues Yuan below August lows last night

Ongoing economic deterioration worldwide, and now currencies declining anew

Major upcoming events:  June 2nd OPEC meeting, June 15th FOMC meeting, June 23rd BrExit Referendum, etc.

Bix Weir believes that in order for the country to survive the coming crash, Donald Trump and Bernie Sanders must unite forces. Otherwise the American Public will remain polarized and incapable of acting in their own best interests. This will effectively play into the hands of the bad guys who want to impose one world government and a global currency, thus enslaving humanity. Bix is convinced that it's been their plan and goal all along. Will Trump and Sanders break down the partisan divide and unite for the good of America? It's a long shot but stranger things have happened before. 

Wolf Richter is one of the best traveled guests we've ever had on FSN. One day he up and quit his job, thinking he'd travel to France for an extended 7 week vacation. That trip turned into three year, over 100 country odyssey that left him profoundly changed. Upon his return to the States, he started blogging and hasn't stopped yet. He's busy confronting the lies and distortions that the media perpetrates upon the public. Hopefully he'll never stop!

Jordan Goodman joined us again for a discussion of future Fed actions and what he sees happening as a result. Jordan is convinced that the Fed will be raising rates in the near future and that the results could be disastrous. Debt keeps going up all over the world and society, but our ability to service it is declining. This trend will be further advanced by the coming rate increases. What's an investor to do? Jordan has some excellent ideas on that subject. 

Ivan Eland joined us today to discuss the country's future relations with the Mideast. Ivan believes that the US's growing relationship with Vietnam is a good starting point for the Mideast. His views on US foreign interventionism and militaristic adventurism seem to align well with candidate Trump's view of things. Require definable US interests before getting involved in situations that might not work out well. Restraint is often the best response or action. 

David Gurwitz director of the famed Nenner Research Company came on to discuss where cycles are heading. Long term stocks don't look good for 2017 to 2020. For now they're choppy. Most markets seems to be trading now in a sideways pattern. Gold and silver are looking good in the future. Currencies again are relatively tame at the present time, but expect more volatility in the near future. 

John Rubino joined us for our regular Monday discussion. Austria wound up electing a Green Party leader. Their choice was between the Greens and the Nationalist right wing party. The mainstream parties didn't even make it to the final contest. At the same time the world sees trade deteriorating and the major economies are sinking. Where's a central banker when you need him? 

Gerald Celente believes that the current crisis present us all with tremendous opportunities. There's a limit to how much any of us can control external events, so we must work on ourselves first and stop worrying about the powers that be. Be aware, but invest in yourself and get the most out of life. Gerald is holding another of his noteworthy conferences The Ontrendpreneur where he will focus on helping you to become an Ontrendpreneur^™ - a savvy, innovative entrepreneur seizing the vast opportunities that the Big Box, merger/acquisition-crazed world missed or nixed. It's all any of us has. 

Wayne Allyn Root is nothing if not consistent. From the beginning he said that Donald Trump would be the Republican nominee. While most people thought he was off his rocker, look what happened. He's also been saying from the get-go that Hillary would never be the nominee for a number of reasons, the least among them her email travail. Wayne says she's a lousy candidate, isn't real and doesn't like people. She's a manufactured candidate, just like all the rest except for Donald. When will the next shoe drop? 

Eric Hadik has been right on the money, calling the beginning of the latest precious metals bull market, calling the end of the stock bull market and forecasting the upsurge in terror and emerging threats to the Anglo-American Hegemony. If you'd listened to his call on gold last December, you'd be off to a phenomenal start in 2016.