Kerry Lutz's--Financial Survival Network

The more things change the more they stay the same. There were 28 credit collapses in Mesopotamia and an early credit collapse in Greece. And thus the pattern was struck. Fast forward to present time and now we have the mother of all credit busts. Dan believes it was in the process of happening, back in September during the Repo crisis. There was too many assets floating around and too little cash to finance them. This led to the Fed to step up and prop up the markets with hundreds of billions. The Fed wasn’t going to let there be a deflationary depression. And there’s always one party who will borrow unlimited amounts of money and spend it as fast as possible, Uncle Sam. Dan likes junior miners because they generally have no debt. Their capital structures can be unbalanced but they aren’t generally debtors. 

For now FreedomFest is a go. We’ll know more next week. Mock-trial will be a debate about the pandemic response. So far 1100 people are signed up and there should be at least 2500 people attending. Mark is doing everything in his power to make the show happen. As a fellow libertarian and proponent of liberty, Mark is outraged by what he views as an unnecessary draconian measure. He's extremely concerned about the prospect of rampant inflation. Therefore, postponing FreedomFest is an absolute last resort. No matter what happens, we will be there. 

Is the trend bearish or is the decline behind us? The S&P rallied 35%, in line with prior bear market rallies. You can celebrate making back losses or try to figure out what’s going to happen next and avoid more losses. You should always remember that many of the talking heads are traders and they’re time horizon is much short than the average investors. Don’t get suckered. Timing is everything. We also discussed the appearance of millions of deferrals. People can't afford to pay their auto loans, mortgages and credit card bills. Creditor are only too happy to defer payments, but is that a solution? Eventually the debt will have to be payed back or defaulted upon or forgiven. Which one are we heading for? 

With the sudden emergence of  the Coronavirus Pandemic, companies like GM are cutting their dividends. It's what they have to do to survive. While it was very clear, for very long that the stock market would eventually crash, no one foresaw a pandemic. When will the recovery take place and when is the best time to invest are two issues we discuss. 

The people running states like New Jersey and cities like Chicago know they’re broke. Ridiculously generous public employee pensions – concocted by elected officials and union leaders who had to have understood that they were writing checks their taxpayers couldn’t cover – are bleeding them dry, with no political solution in sight.

What has been going on with precious metals prices for the past decade? Much of the price is still dictated by the large traders on the Comex. Price discovery can only take place in a free market with equal representation of both the buy and sell side. What’s actually happening is that a hand-full of paper derivatives traders control the price and control the markets. This is a case of the tail wagging the dog. A few paper traders dictate to the real metal world, what the price will be. However, these large traders are in the process of losing their stanglehold over gold. Not so much for silver. It's still being held down by the big traders. The big players went short in gold a year ago and have been stuck on the short-side ever since. These large traders who’ve never taken a loss are out $6-7 billion. This indicates that they're losing control. JP Morgan is the exception, having broke ranks with the big traders. They have managed to slip out the back and go long. They’ve accumulated an incredible amount of physical gold and silver: 25 million ounces of gold for an unrealized profit of $12 billion, and 1 billion ounces in silver for which they have a small loss. 

John Foley, is a former lead solo pilot of the Blue Angels. He says: This is an important mission because awe is a powerful human experience that unlocks a transformative state of mind. When we witness something larger than ourselves, it opens us up to unforeseen possibilities. In that heightened state of awareness, we see what others don't, and we have the confidence to take action. That's what we need in this world today. 
 
He looks back at his Blue Angel years with incredible gratitude. He remembers the feeling of hope, inspiration and excitement that a flyover can bring to the crowds below. Amid the current crisis, the team is standing down from their normal show schedule, but they have found a way to share their "purpose larger than self" with a country in need. Safe in our homes, we can only imagine what it means to be on the front lines, but I believe it's within each of us to rise to the occasion, to collaborate and give back to those who are risking everything to keep us safe. 
 
John shows you how the ability to confront fear and attain clarity could be just what you need to get through the tough times of today and prosper. 

First off, is anyone really surprised about the Biden revelations?I’ve been saying for months that he would never be the nominee. The me too revelations have been planned for months, assuming Biden wouldn't voluntarily drop out.

Special note to Jimmy Dore, Krystal Ball and Cenk Uygur, you are truly useless idiots and complete dupes and fools. It wasn't bad enough you got scammed by Bernie Sanders in 2016, but now yet again in 2020. How could you all possibly be that stupid. Whatever happened to fool me once, shame on you; fool me twice, shame on me. 

More about the Coronavirus lockdown scam. The governors have no cojones, be they red or blue. Besides Brian Kemp that is and North Dakota governor Kristi Noem. 

Depending upon your point of view Governor Gretchen Whitmer is either the Eva Braun of Michigan or the Comrade Bill DiBlasio

Dr. Fauci is a deep stater and who knows what Dr. Birx is.

The people are going to end the quarantine sooner rather than later. If the sheeeple are starting to rebel in the People's Republic of California, then it will happen all over, except maybe New York and New Jersey. 

Why are we quarantining the well to protect the sick, it’s never been done before! Hats off to Elon Musk, my new libertarian hero for calling them out. Fascism and house arrest go hand in hand. 

This is the biggest failure of Trump’s admin, but he will never pay the price, he was only following medical orders.

If war is too important to be left to the generals then certainly pandemics are too critical to be left to the doctors! 

Cuomo and Comrade diBlasio have blood on their hands. How could they ship Covid patients back to nursing homes only to infect other residents and cause mass death? What is their justification for this wanton act of gross negligence or perhaps intentional murder? 

And to the NY TImes, you are a corrupt organ of the Dem Party. Your charts and graphs have been made purely to scare the public into compliance with draconian measures. The media has committed suicide. You might not have understood it before, as you attacked engaged in non-stop attacks on capitalism for the past 4-5 decades, but you are capitalist entities, dependent upon the success of your advertisers and the capitalist system as a whole. By panicking the public and the politicians, you caused a complete shutdown of the global economy. And guess what happened, you advertising revenues cratered leaving you near bankruptcy and a major casualty on the war on capitalism. Congratulations for being the economic morons that you obviously are. 

It’s clearly a case of the so-called cure being worse than the disease. No doubt Covid 19 is a very serious virus, however, closing down the world economy and alienating everyone with social distancing and limited travel will have far worse consequences. People who required elective medical procedures will wind up having with incurable cancers and other diseases that could have been helped had they been treated timely. And the toll on the medical staff, doctors, nurses and technical staff has been severe. They often didn’t have proper protective gear and caught the virus themselves or spread it to others. Hopefully a sound analysis will be done and these problems will be remedied before the next pandemic hits. 

Stock markets recovered much of their March losses Dow up 11 to TSX.V up 21 percent. VIX or the fear index calmed down to 34.5. Currencies fairly flat for the month. 10 Year yield declined to .64. Bitcoin down up 38%. Gold fluctuated but closed 7% to 1687. Silver up 7.3% to 14.94. PT down 6%. PD down 16.5% for the month. Copper recovered 6.3% to 2.35. WTI declined another 8%. Brent 11%. Natgas up 18.9% to 1.95 per mm. Uranium up 25%. 

Ratios: Au/Ag 112.9 - Pt/Au .45 -Pt/Pd .40 -WT/HH 9.7 and AU/WTI 89.5. 

Dr. Stephen Sinatra is a highly respected cardiologist whose integrative approach to treating cardiovascular disease has revitalized patients with even the most advanced forms of illness. He came on to discuss: Coronavirus Treatment; Prevention, ways to become naturally resistant to the virus; Nutrients That Help Support Your Immune System Against Coronavirus, Cold and Flu. He gave 7 Reasons Why Exercise Is More Powerful than a Drug. How to Lower Your Blood Pressure Naturally by Reducing Stress Dr. Sinatra’s expertise is grounded in more than 40 years of clinical practice, research, and study beginning as an attending physician at Manchester Memorial Hospital (Eastern Connecticut Health Network). His career there included nine years as chief of cardiology, 18 years as director of medical education, seven years as director of echocardiography, three years as director of cardiac rehabilitation, and one year as director of the weight reducing program. In 1987, Dr. Sinatra founded the New England Heart Center. Through it, he became a well-known advocate of combining conventional medical treatments for heart disease with complementary nutritional, anti-aging, and psychological therapies. Today Dr. Sinatra is active primarily as an author, speaker, and advisor for the research and development of nutritional supplements.

It is incredibly important that the US get to the bottom of what transpired at the start of the corona virus outbreak, according to Secretary of State Michael Pompeo. He said that the Chinese Communist Party needs to “come clean” about how this all began in order to save lives going forward. “We need our scientists, our academics, our epidemiologists all to have access to the data, access to a sample of the virus, access to the places it might have come to.” 

When asked by a reporter if Washington should rethink the US-China relationship Pompeo noted that there’s places that the US can work alongside China while there are other areas such as trade where there is unfair treatment.

Pompeo pointed out that the State Department also is concerned about developments in the South China Sea where China is aggressively claiming territory beyond accepted international limits. He also pointed out that Huawei, a Chinese telecommunications company that is controlled by the Chinese Government, is courting countries around the world. The results, he said, is that American citizens’ data may be subjected to scrutiny by the Chinese Government if it crosses over the Chinese G5 network.