There's a lesson to be learned from the recent Hurricanes Harvey and Irma. The attitude is don't worry, the government will take care of you. This attitude is prevalent in the economic world as well. Don't worry about your bank the government has got your back. Until they don't. And then what? 

Direct download: John_Rubino_13.Sep.17.mp3
Category:general -- posted at: 1:15pm EST

Mark Falter says that Bitcoin is here to stay. There is a lot of hype and there is a bubble formulating in this area but certain types of this type of currency will be around and worth a lot more in 10 years. There are numerous types of cryptocurrency available , Bitcoin was one of if not the first.

Mark has heavy concerns about some of the other forms of currency. They can be a major venue for money laundering. Very much like the .com companies in the late 90s, over priced over valued , but there were a lot of people made a lot of money on them and many of those .com’s are still around today (Yahoo, Amazon etc, eBay).


The major problem we have with cryptocurrency is it is inviting a “Den of thieves” and is something that someone doesn’t want to go into blindly. The “Blockchain concept” makes in nearly uncrackable, and if done right can be very safe. One pf Mark's major concerns is it's all very unregulated, the SEC can regulate the sale of this fund but Cryptocurrency itself they can not.


Full Disclosure , Mark owns Bitcoins. 

Direct download: Mark_Falter_13.Sep.17.mp3
Category:general -- posted at: 12:46pm EST

Gold is showing new life. Just wait till the Cryptos crash, especially Bitcoin. Then anything bullion related will zoom higher. Let's see what happens next. It's going to retest $1300 and then go higher. Hurricane blues are setting in. It's not going to be a net plus to the economy. And keep your eye on the dollar. 

Direct download: Woody_OBrien_13.Sep.17.mp3
Category:general -- posted at: 11:34am EST

There were moments when I wasn't sure what was going to happen, but we made it! I made the mistake of taking the last hotel room on the internet at the Relax Inn in Kissimmee Florida just outside of Orlando. It turned out to be a welfare hotel. There were guys with prison tattoos checking me out and planning to rob me. Got in the room, barricaded the door and put my Glock on the table. Then the forecast changed and the storm was supposed to be a Cat 3 direct hit on Orlando. It occurred to me that this crappy little motel wasn't gonna survive it, so I desperately looked for another. Found a Holiday Inn Express right by the airport. Stayed there and was safe. Eventually the power went out. It was a bit windy and some trees got uprooted, but otherwise nothing too serious. We lived to do another Triple Lutz Report. Back to our normal schedule tomorrow. Hope all my Floridians are safe and your homes were spared. 

Direct download: TLR_429.mp3
Category:general -- posted at: 12:41pm EST

We've been connecting with Eric Hadik now since 2015. During that time his market calls in precious metals have been on the money. Earlier this year he called that gold/silver prices would be in check until the 3rd quarter of 2017. Now's he's calling for 2018 to be a truly golden year with prices heading much higher.

Oil is in a bottoming process and could also be heading higher in the next few years. Pessimism rules. Eric sees confirmation in the recent moves in unleaded gasoline and heating oil. Let's see what happens next. 

Stock Market The Dow Transports and Russell 2000 both peaked several months ago. They were early indicators of what's to come. The Dow and S&P both rebounded but are just below their peak. 10 year cycles indicate a market sell-off on the way. There's almost certainly a long term decline coming soon. 

USD has been in a two year trading range and is now starting to break down. Inflation and other factors will lead to a more accelerated move. Expect a possible dead cat bounce but it has likely turned the corner and starting what could be a multi-year downturn. Fundamental events will continue their own momentum until there's a climactic movement and then the trend will become obvious. And let's not forget, Republican administrations have been bad for dollar for at least the past 30 years. 

Direct download: Eric_Hadik_07.Sep.17.mp3
Category:general -- posted at: 10:42am EST

Stanley Fischer is gone. Does this mark the triumph of the Good Guys? Let's see. Treasury Secretary visited the gold supposedly being stored at Fort Knox in Kentucky. Bix believes there's way more gold out there than anyone can imagine. The Marcos's gold haul will come to the market soon. And who knows what else is out there. Will we actually return to a gold standard? Listen to Bix and see. 

Direct download: Bix_Weir_06.Sep.17.mp3
Category:general -- posted at: 3:26pm EST

August was quite a month! Major stock markets in the US continued their ascent. Same with emerging markets. TSX was down, TSX-V was up. The real action was in Bitcoin; it was up 66%. Metals were all up over the month, Gold was up 4%. Pt and Pd each up 6%. Copper up nearly 7%. Energy took a hit, WTI down 8.4%, Brent down 3.5%. Natgas was up after 3 down months. Uranium was flat. Currencies saw the Greenback decline slightly and the Euro up slightly. Rate on the 10 year T Bond plunged to 2.12. And again Bitcoin was up 66%. in the world of ratios Gold/Silver is still over 75.3. See you next month!

Direct download: Mickey_Fulp_06.Sep.17.mp3
Category:general -- posted at: 12:19pm EST

Looks like we're not gonna dodge a bullet on this one. Hurricane Irma is headed straight for FL. Where it goes from there is anyone's guess. It's got the potential to become a CAT 5 storm, the worst possible. I'm debating whether to go or to stay. Not sure what to do. What would you do? I'm 11 miles from the ocean, but it won't be far enough.

Welfare state in NY is buzzing along as expected. Now Legal Aid is suing the City trying to get rights for homeless tenants who's rent is being paid for by the taxpayers. They want them to be protected by rent stabilization, a right that's thus far only been enjoyed by paying tenants. Whatever happened to beggars can't be choosers? 

Finally gold keeps going up. $1376 is the magic number/resistance point. Where will it go from there?

Direct download: TLR_428.mp3
Category:general -- posted at: 2:18pm EST

Author Jim Mosquera joined us. He's got a new book out: Escaping Oz: An Observer’s Reflections which is a companion book to the rest of the Escaping Oz series. In today's economic and political climate, protecting yourself means asking the right questions. You can't ask the right questions if your mind's encumbered by what you think you may understand. Who's the man behind the curtain? What's this thing we call money? It's not what you think. Is there really such a thing as a trillion dollar coin? And interesting interview. 

Direct download: Jim_Mosquera_05.Sep.17.mp3
Category:general -- posted at: 1:50pm EST

First it was Hurricane Harvey, now we're looking at Hurricane Irma. Then there's North Korea in the background threatening a global conflagration. What can the US do about it? Are we getting to the point where events are rapidly cascading out of control? Has it become obvious that markets and Mother Nature are way more powerful than the desires of man? Let's see what happens next.

Direct download: John_Rubino_05.Sep.17.mp3
Category:general -- posted at: 1:32pm EST

Ned Schmidt joined us today. He's bullish on precious metals. Due to Hurricane Harvey and the upcoming disaster of Hurricane Irma, the Fed will be printing money non-stop for years to come. You see it in the sudden rise of the Looney and Aussie Dollar. He's not too enthused about my concept of the tulip backed crypto-currency. Try buying a beer or a cup of coffee with one and see what happens. In other matters, Hurricane Irma's path could lead it to do widespread crop damage right at the harvest. No one knows where it goes after Florida. Agricultural commodities were on a tear before the hurricanes, but have taken a breather. Let's see what happens next. 

Direct download: Ned_Schmidt_05.Sep.17.mp3
Category:general -- posted at: 11:50am EST

China's supposedly coming out with an oil contract that can be settled in gold. Let's see if it really happens. Gold is up nearly 10 bucks the ounce today at $1334 and Silver is getting closer and closer to 18 bucks the ounce. 

Comrade deBlasio (whom we are extremely grateful to for his endless contributions to the show) has done it again. Governor Cuomo has come out against his efforts to take down the statue of Christopher Columbus in Columbus Square (I know it's round) in NYC. The moron Comrade has ignited a fire storm of controversy over this non-issue. It's all a smoke screen for a party that has no message and a proven inability to lead. 

Is North Korea for real or is it just a province of China? Kim gets his marching orders from Beijing, plain and simple. And he's dancing to their tune. Trump has threatened to cut off trade to all countries trading with the Norks. This would send the world into a global depression, the likes of which would make the 1930's a walk in the park. Let's hope it never happens, because then a war could very well become inevitable. 

Will cooler heads prevail? 

Direct download: TLR_427.mp3
Category:general -- posted at: 5:45pm EST

The final tally from Hurricane Harvey has yet to be counted, but the state's governor is throwing around numbers of around $180 billion. Houston is vital to the US economy and Congress loves to throw money around, so figure that they'll get it. And there's no other way than for the Feds to get involved. Private will be vital, but nobody writes checks like Uncle Same. 

Gold is trading around $1325 the ounce and Silver is getting close to the $18 mark. Sure there's a lot of fear and loathing with North Korea, but there's a hidden cycle at work. Eric Hadek has been forecasting this price movement since 2015, and here we are. 

Andy Hoffman will be back on the show September 12th or 13th. Keep a look out for him. He's got a lot to say. 

And as always there's lots more. 

Direct download: TLR_426.mp3
Category:general -- posted at: 5:39pm EST

Kerry Lutz, Founder and host of The Financial Survival Network, returns to Reluctant Preppers to offer his perspectives on the direction and major upcoming triggers we need to prepare for in the financial world that WILL impact our economic lives!

Surrounding the Lehmans Brothers collapse of 2008, the managers of our financial world were, in their own words, "standing on the precipice and staring into the abyss," and narrowly evaded a total economic collapse. After almost a decade of unprecedented stop-gaps: zero and negative interest rates, exchange stabilization, and plunge protection, how does today's risk stack up? Are your retirement accounts any safer now than during the largest bank bailout of all time, or is your nest-egg truly in much greater peril?

 

 

Direct download: Kerry_Lutz_-_Reluctant_Preppers.mp3
Category:general -- posted at: 10:26am EST



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