We connected with Andy Schectman, the proprietor of Miles Franklin, one of the nation’s largest bullion dealers. Andy shared that he’s been experiencing record sales in terms of number of ounces sold. However, his average sale is 10 times higher than it was in the peak of 2011, which tells us that the small investor has been very slow getting back into the gold market. When the small investor starts coming back, then we will know something major is afoot. Until then, we’ll keep seeing the fits and starts we’ve been experiencing. 

Direct download: Andy_Schectman_28.Feb.20.mp3
Category:general -- posted at: 8:00am EST

If you want to know why things are screwed up, take a good look at your family (not mine). The corona virus could be a pandemic, but Gerald thinks not. So far the mortality rate has been relatively low. Just like the weatherman likes to panic the public at the first sign of a hurricane, so to with our public health officials. Why believe one word that comes out of any government. They’re lying. So far there’s very little outbreak in South America, just one case in Brazil. However he does believe there will be a Black Plague 2.0 due to the poisons in our food, air and water. So let’s stay calm and get ready for the big one. 

Direct download: Gerald_Celente_27.Feb.20.mp3
Category:general -- posted at: 8:01am EST

Is the January Effect dead? Is it now the February Effect? After Tesla nearly hit $1000 per share, it's now fallen almost 20 percent. Global trade contracted in 2019. Perhaps the world economy was already declining and this is just the final chapter of the stock market's long extended bull market. Passive investing is the dominant form of investing, whatever happened to stock pickers? And the debt keeps on increasing. But the important question is are we really at the end or can the world's central banks achieve the impossible and inflate the market for yet another go 'round?

Direct download: Danielle_Park_26.Feb.20.mp3
Category:general -- posted at: 8:00am EST

Charles was long gold from $1494 and closed the trade two days ago when it hit its short term cycle peak. Chareles believes that it will resume it’s upward trajectory in early summer 2020, eventually hitting a $2500. The Vix hit a high as predicted. Crude is still going to 36. Natgas hit a low of 1.77 per mm btu, another Nenner call. Charles’s target high for the S&P was 3389 and that's where it landed.  As long as there’s no monthly close below 3080 the bull market continues on. No real correction coming on bonds. Interest rates still heading down. No inflation ahead as the economy weakens. A recession/depression is still on its way. 

Direct download: Charles_Nenner_26.Feb.20.mp3
Category:general -- posted at: 8:00am EST

Brian Leni started out life as a steel company engineer. His career was advancing nicely, but then in 2013 he got bitten by the resource stock bug. He sold his home and invested 2/3 of the proceeds into the sector. He got extremely lucky (or smart) and got out near the 2016 rally's peak, substantially increasing his capital in the process. Now he's publishing the Junior Stock Review and continuing on with his plan. With his profits, he was able to purchase an upgraded home. Now he sees the sector's future as extremely bright and he's ready for a repeat performance. Not too shabby and proof that it can be done. 

Subscribe to the Junior Stock Review Premium, and save 40% off the subscription price. Use the Promo Code: KERRY. Subscribe here... 

Direct download: Brian_Leni_25.Feb.20.mp3
Category:general -- posted at: 8:01am EST

Investor money ensnared in alleged Ponzi schemes has hit its highest level in a decade, leading to concern that a booming stock market and de-regulatory agenda are pushing more fraudsters to bilk unsuspecting investors.

State and federal authorities uncovered 60 alleged Ponzi schemes last year with a total of $3.25 billion in investor funds — the largest amount of money unearthed in these scams since 2010 and more than double the amount from 2018, according to data from the website Ponzitracker.

A Ponzi scheme is a type of fraud whereby crooks steal money from investors and mask the theft by funneling returns to clients from funds contributed by newer investors.

Bernard Madoff ran the largest Ponzi scheme in history, a $65 billion scam encompassing thousands of investors that was uncovered in 2008. Madoff, who is serving a 150-year sentence in federal prison, recently said he was dying from terminal kidney disease and asked a judge to grant him early release.

Ponzi schemes alleged by civil and criminal authorities last year pale in comparison to scams unearthed around the time of the 2008 financial crisis, such as Madoff's and those of other notorious criminals such as Thomas Petters and Allen Stanford, who ran respective $3.7 billion and $8 billion frauds.

In 2008, for example, authorities found 40 Ponzi schemes with a combined $23 billion of investor funds — roughly seven times the amount of funds from last year, according to Ponzitracker, data of which is compiled by Jordan Maglich, an attorney at Quarles & Brady.

While it's too soon to tell if last year's total was an anomaly, some experts fear it could herald a return to more sinister times.

"This is maybe not quite 2008 again, but the seeds are being planted for the next investor massacre," said Andrew Stoltmann, an investment fraud attorney based in Chicago.

 

A surging stock market, which may lead investors to lower their guard, and a de-regulatory environment at the federal level are two primary factors driving the growth in these frauds, Stoltmann said.

The stock market has been on its longest winning streak in history after emerging from the rubble of the Great Recession.

The S&P 500 stock market index was up 31.5% last year, when reinvested dividends are included, its best annual gain in six years. The only year that saw better annual performance over the past three decades was 1997, when the S&P 500 yielded 33.4%.

The Securities and Exchange Commission, the federal agency that polices investment fraud, has also been less aggressive under the Trump administration, Stoltmann said.



 

 

 

Direct download: Tom_Hardin_25.Feb.20.mp3
Category:general -- posted at: 8:00am EST

Until recently most investors had too much confidence in the rapid eradication of the Corona Virus. We didn’t factor in that it could be take much longer. Is this the Black Swan that we’ve all been waiting for? Is David a stopped clock or a Chicken Little? It’s not the tipping point that causes a change, but perhaps it’s the rationalization for it. Emotions are constant and that’s why history tends to rhyme. 

Direct download: David_Scranton_24.Feb.20.mp3
Category:general -- posted at: 8:00am EST

Gold skyrocketed during Monday's session going up nearly $50 the ounce only to return back to earth with a more modest gain. Mining stocks are still not moving, but with what's going on in the world, it probably won't be long before the next move. Cyclical forces are getting ready to overwhelm seasonal influences. We might get a break and a modest decline, but then get ready to rumble! 

On the political front, Bernie McGovern appears to have carried Nevada by a large measure, but will be enough to insure that he carries the nomination. If he does manage to wrangle it away from the elites and Nanny Bloomberg, he will then have a bigger problem on his hands. It's the elites that harvest the votes and insure that the dead rise from the grave to cast their votes and the illegals get to have their say. There's no way that they are going to work their magic for Bernie McGovern and that means an even larger Trump landslide. Stay tuned!

Finally, I talked about my recent bout with seemingly benign prescription drugs sending me for a loop, lowering my blood pressure and causing fatigue and a lack of energy. Beware, even drugs that appear to be extremely safe can have greatly negative effects. You need to regularly review all your drugs with your internist, specialist and pharmacist. 

 

 

Direct download: TLR_478_24.Feb.20.mp3
Category:general -- posted at: 8:00am EST

Cutthroat White House Rivalries Didn’t Start with Trump 

“The White House is a dignified seat of government, but it is also bullpen, cockfight, and viper nest…. Fight House is a fast read, full of both gossip and deep insight”

—Amity Shales, author of Great Society: A New History

Washington, D.C.President Trump’s White House is famously tumultuous, but don’t be fooled—the White House has long been a “fight house.” 

Former White House staffer and presidential historian Tevi Troy unveils infamous brawls in Fight House: Rivalries in the White House from Truman to Trump gives readers ringside seats to the dramatic clashes within both Republican and Democratic administrations as their heavyweight personalities went head-to-head. Troy packs a punch as he unfolds the juiciest, nastiest, and most consequential administration rivalries in modern American history. From the presidency of Harry S. Truman—when the modern White House staff took shape—to Donald Trump’s, the White House has always been filled with ambitious people playing for the highest stakes and bearing bitter grudges.

Fight House pulls back the curtain on presidents and staffers duking it out over their differences. You’ll read how:

·       The gender and age divide disrupted the “No Drama Obama” administration

·       The revolving door of Trump’s White House staff is not without precedent

·       Kennedy’s “Camelot” was a nest of vipers

·       Dr. Henry Kissinger displaced other national security advisers to gain President Richard Nixon’s ear

·       The contrasting management styles of President Ronald Reagan and First Lady Nancy Reagan led to epic White House staff clashes

·       Lyndon B. Johnson ran his White House with an iron fist to prevent leaks, sowing discord among the staff

Entertaining and insightful, both sides of the aisle can laugh and learn from these presidential rivalries.

Direct download: Tevi_Troy_21.Feb.20.mp3
Category:general -- posted at: 8:00am EST

American households added $193 billion of debt in the fourth quarter, driven by a surge in mortgage loans, and overall debt levels rose to a new record at $14.15 trillion, the Federal Reserve Bank of New York said on Tuesday. 

Mortgage balances rose by $120 billion in the fourth quarter to $9.56 trillion, the New York Fed said in its quarterly report on household debt. Mortgage originations - pushed up by an increase in refinancing - also rose to $752 billion in the fourth quarter, reaching the highest volume since the fourth quarter of 2005, the report found. 

Student loan balances grew by $10 billion in the fourth quarter, a slower pace when compared to five years ago. However, the total $1.51 trillion outstanding in student loan debt could be holding back young consumers trying to build up credit, the researchers found. 

Credit card debt, which typically rises in the fourth quarter when consumers are doing their holiday shopping, rose by $46 billion last quarter, an amount economists said was larger than usual. 

“Mortgage originations, including refinances, increased significantly in the final quarter of 2019, with auto loan originations also remaining at the brisk pace seen throughout the year,” Wilbert Van Der Klaauw, senior vice president at the New York Fed, said in a statement. “The data also show that transitions into delinquency among credit card borrowers have steadily risen since 2016, notably among younger borrowers.”

 

Direct download: John_Grace_20.Feb.20.mp3
Category:general -- posted at: 8:01am EST

The Democrat clown car dumpster fire seems to know no bounds. Reparations galore for everyone compliments of Liawatha. Free money and free stuff will somehow carry the day, and perhaps for a large number of people, it will. Free operations for transgenders. What will Bernie charge for, will there be anything we have to pay for. Meanwhile Trump is standing by sidelines and hurling insults at the already challenged field and having a great party. But the party is about to end and then we'll see a landslide of epic proportions. 

Direct download: Joe_Messina_19.Feb.20.mp3
Category:general -- posted at: 8:00am EST

Retirement Arwen Becker joined us to talk about why women often get flat-footed upon the passing of a spouse. All too often they are left in the dark about important financial matters. Some it's due to division of responsibility in a marriage, but often it's just due to fear or unwillingness to get involved in financial matters. One thing is for certain, every spouse should be aware of and participate in the family's business and finances to avoid getting stuck with no knowledge of where the money is. 

Direct download: Awren_Becker_20.Feb.20.mp3
Category:general -- posted at: 10:33pm EST

Rich Dad Advisor Ken McElroy recently wrote a new business novel today, “Return to Orchard Canyon." As CEO of MC Companies with $1 billion in real estate investments and Bestselling Author of five books, his new book offers a non-conventional and clever way to get a financial education through powerful storytelling.

Publisher’s Weekly describes “Return to Orchard Canyon” this way, “Readers should find the simple financial lessons in this accessible and rather sweet book to be memorable and actionable.”

In the opening Ken explains, “Many people are lost financially. Finding your way starts by returning to your own Orchard Canyon.”

The three main fictional characters are based on very relatable people at different stages of life, who are searching for answers about money, careers and dreams. Through these unlikely teachers, readers learn ways to overcome modern-day challenges and find a life of happiness and freedom.

This new novel provides powerful business and financial lessons learned by characters facing their own obstacles, including:

  • How to take action to get unstuck in your career if you’re feeling trapped.
  • How to build a successful business by investing in assets and businesses.
  • No matter how old you are, a willingness to be present and go after your dreams will always bring freedom.

“Return To Orchard Canyon” is inspired by a real resort owned by the author called Orchard Canyon on Oak Creek. It’s located in Sedona, Arizona’s red rock country, just a few hours north of Phoenix, Arizona. Similar to this resort experience, the Reynolds family in this book owns this “magical escape” with log cabins and a long history (think no TV, hiking by a babbling creek, wildlife, wood-burning fireplaces, apple cider, afternoon tea and delicious four course dinners). It’s the perfect setting to reflect on your life dreams and reenergize your goals.

Readers will quickly see the financial and emotional challenges faced by the dedicated middle-age banker and dad David Reynolds, who is at the center of the story. After getting laid off from his day job, David hides his career change from the family – especially from his father Ron, who is 82 and runs the family resort, Orchard Canyon. David’s daughter Meghan is a senior in high school who’s excited to attend expensive colleges, yet “is not sure what she wants to do” (sound familiar?). Everyone learns by observing the successes of David’s ex-wife Susan, who is a former employee, and now thriving entrepreneur and investor. And David learns to see opportunities versus giving up. In the end, readers will walk away inspired to take action and more control over their own destiny and happiness.

McElroy previous self-help books (also published by RDA Press) include more direct financial education tips, including: “The ABCs of Real Estate Investing”, “The ABCs of Property Management”, “The Advanced Guide to Real Estate Investing”, and “The Sleeping Giant”. “Return to Orchard Canyon” is the author’s new way of providing financial education to readers based on Rich Dad principles.

Direct download: Ken_McElroy_20.Feb.20.mp3
Category:general -- posted at: 8:01am EST

Michael Pento joined us on a day when gold broke $1600 and silver broke $18. What could be the cause of such a move? Perhaps it was Nanny Michael Bloomberg's pledge to tax Wall Street to the hilt. Or perhaps another Black Swan is getting ready to come public. One thing is for certain, the Fed has gone totally over the top on money printing and monetizing the debt. It can never allow interest rates to rise over current rates again. Stocks continue on at a completely insane over-valued track with no end in site. We truly are living in the New Economy. 

Direct download: Michael_Pento_18.Feb.20.mp3
Category:general -- posted at: 8:01am EST

M I C H A E L  A I N S L I E has firsthand experience with several high-profile events, including the 2008 bankruptcy filing of Lehman Brothers: He was one of ten people in the Lehman boardroom on the evening of September 14, 2008, who saw firsthand the events that led to the largest bankruptcy filing in US history. Michael offers readers an insider’s view of the situations surrounding the price-fixing scandal between Sotheby’s and Christie’s, a scandal that rocked the art world and sent the ex-chair of Sotheby’s to prison.

Michael has been a champion of education for decades. His passion has been the Posse Foundation, which he helped launch in 1994. Michael was Posse’s first board chair, serving for thirteen years and continues on the Posse board.

He had a distinguished business career serving as president and CEO of Sotheby’s from 1984 to 1994, leading a transformation of the worldwide auction business. Previously he was president and CEO of the National Trust for Historic Preservation from 1980 to 1984. While at the National Trust, he helped rewrite the tax law to provide a 25% investment tax credit for investment in historic buildings. This incentive radically changed the landscape of historic preservation.

 

Direct download: Michael_Ainslee_18.Feb.20.mp3
Category:general -- posted at: 8:00am EST

We told you over a month ago that there would be a brokered convention. As usual life is about to imitate FSN, never doubt us. I also told you in 2016 that Trump would be re-elected in 2020 and here we are. Mini-Mike has more money than God. And he's not afraid to use and abuse it. He's already spent more than 400 million dollars with no end in sight. If necessary he will personally bribe all 1550 delegates he needs to win the nomination. And then it will be curtains for the Democrat Party as we know it. Truly a Hobson's Choice. Two things are certain, Bernie McGovern can't win and neither can Mike Dukakis, Jr. Just like the best things in life are free, there's somethings that money can't buy, just ask Nelson Rockefeller. 

Direct download: TLR_477.mp3
Category:general -- posted at: 10:46am EST

As expected the market headed down in January with the SPDR's breaking 100mm volume, but then a funny thing happened, the market went back up. Nick's uncertain of the next move but his gut is telling him it's going down again. Tesla crashed but went way past Nick's call. The short sellers have been cleared out so the next move down is unlikely to result in a free fall. Gold and silver, are in consolidation, getting ready for a breakout down the line. Dollar and treasuries were up as Nick called it. Oil went down from $65 to $50, also in line with Nick's expectations. Lots more was covered here. We'll check back next month as usual. 

Direct download: Nick_Santiago_13.Feb.20.mp3
Category:general -- posted at: 8:01am EST

Amy Kremer is a Co-Founder and Chair for Women for America First and a former congressional candidate. By her reckoning the Democrat Party is in full meltdown mode. None of their candidates have a prayer of defeating President Trump. It’s going to be fun to watch. Get ready for a brokered convention and all the chaos that represents. Now it’s on to draining the swamp and Trump appears to be doing just that. Buckle your seat belt, it’s going to be a hell of a ride. 

Direct download: Amy_Kremer_13.Feb.20.mp3
Category:general -- posted at: 8:00am EST

Actually it doesn't and its recent parabolic rise is cause for concern because it's an analog to the broader markets. While Tesla is a ground-breaking innovative company, it's shares are certainly speculative, bordering on compulsive gambler territory. How many record stock market closes can there be? The tree does not grow to the sky and Bitcoin still have yet to reach infinity, with Tesla following closely behind. Debt fueled markets reach levels at which they cannot go higher and, in fact must decline. We've been having this conversation for years, but that day keeps getting closer and closer. Better to sacrifice a little bit on the upside to keep your capital in tact. 

Direct download: Danielle_Park_12.Feb.20.mp3
Category:general -- posted at: 8:00am EST

While Dr. Huber is bound by the standards of his profession in diagnosing the mental state of political figures, because he hasn’t done an evaluation or reviewed their medical histories. However, he can offer opinions and help educate the public about dementia and other gerontological mental afflictions. And Washington DC is a veritable gold mine of such conditions. Listen to a hilarious run down of possible ailments. We also talked about what's going on with the Coronavirus and why you shouldn't be panicked, at least yet. Lot's more here. 

Direct download: Dr._John_Huber_11.Feb.20.mp3
Category:general -- posted at: 8:01am EST

David Morgan says the time is right, the metals have moved and are ready to move higher. Look at how palladium and rhodium have taken off. Will gold, silver and platinum follow suit. Of course they're different metals with different markets and users. However, they've been in tight supply and demand has been increasing. Once you've got your core position in physical, then it's on to the mining stocks, where information is at a premium and failure is always an option. That means finding trusted advisors who know the score and the players, of which David Morgan has few if any peers. The potential in the mining sector at this moment in time is great, but as always proceed with caution and knowledge. 

Direct download: David_Morgan_10.Feb.20.mp3
Category:general -- posted at: 8:00am EST

With the Fed and Uncle Sam manipulating all the markets, you almost can’t go wrong with your investments. Bonds up! Stocks up! Gold up! Tesla, still up and probably going higher. So what could possibly go wrong? More and more leverage and debt equals disaster. 

Now that Trump has been acquitted, it’s time to clean house and all that experience in tidying up the Trump Hotels is being put to good use. The purge and the great swamp draining can’t be far behind. 

Direct download: John_Rubino_10.Feb.20.mp3
Category:general -- posted at: 8:00am EST

We sat down with our sponsor Lumina Gold's CEO, Marshall Koval. A company born of Ross Beaty's Lumina Group, things are looking up for its Ecuador Cangrejos project. With 16.7 million ounces of gold and 2.2 billion pounds of copper, there's no reason to believe that this endeavor won't be as successful as Lumina Group's others, which have returned over $1.6 billion to shareholders since 2004.

In fact, the story keeps improving and with the expected updated mine plan in Q1 2020 and updated PEA Study in Q2 2020, it should get even better. Add to that Ecuador's recently implemented mining friendly policies and laws, the project's closeness to a paved highway, two seaports, near proximity to the electrical grid and ample supplies of water, and it's no wonder that this project has garnered so much attention. But Marshall believes that the best is yet to come and if the past is any guide, he's probably correct.

 

Direct download: Marshall_Koval_10.Feb.20.mp3
Category:general -- posted at: 8:01am EST

George Leef is editor and George G. Martin Center for Academic Renewal. A recent US District Court decision appears to have reopened the door for  students drowning in college debt to remove it in bankruptcy. Is that a good thing? One the one hand the $1.6 trillion education bubble needs to be addressed or we'll wind up with a generation of student loan debt slaves. However, is it really fair to let them off the hook and simply forgive their debts? What about those who have repaid their loans or didn't take any out? A difficult dilemma in search of a solution. 

Direct download: George_Leef_07.Feb.20.mp3
Category:general -- posted at: 8:00am EST

Daria Novak, a former U.S. State Department official with significant experience in Chinese affairsChinese government officials, and even some trade experts in Beijing, breathed a quick sigh of relief as the 96-page, Phase One of the US-China trade deal was inked on January 15, 2020. But does it represent more than a short respite in the trade war?

Unlike previous American administrations President Trump demanded, and won, real concessions from the Chinese along with rules for enforcing those changes. The US stood its ground in the trade talks and refused to accept the small, incremental moves offered to and accepted without reciprocity by previous American administrations – Republican and Democrat alike. While it remains questionable that China will enforce all the new trade rules, especially if they stand in opposition to the government’s domestic economic development plan, Phase One will define the path the two nations walk going forward in 2020. For the first time there is a new law creating a domestic mechanism in China that can be used by aggrieved parties to demand a fairer playing field when it comes to the theft of intellectual property (IP).

According to the Agreement China must create a public action plan to explain how it will implement enforcement of IP rights and obligations. The requirement that China publish this enforcement data will, at a minimum, provide a more accurate method for Washington to gauge China’s progress. This was lacking in previous negotiations. In return the US has agreed only to reduce a portion of the tariffs on $360 billion in Chinese imports in the eight-chapter agreement. 

President Xi Jinping now faces a robust series of provisions in the agreement related to technology transfer and intellectual property theft designed to shed light on China’s unfair trade practices. At issue for the United States is whether or not Xi will take the pragmatic steps required to implement those provisions. On the other hand, the Trump Administration is not facing any new Chinese demands on technology transfer or IP protections – with well-deserved credit going to USTR Lighthizer who negotiated Washington’s core grievance well.  

 A less noticed but significant provision in the Agreement is the establishment of a Bilateral Evaluation and Dispute Resolution Office. This mechanism provides a tiered and straight-forward system headed by the USTR and a Chinese vice premier. Below them are designated positions to handle day-to-day issues and the appeals process. If no resolution can be reached there is a process in place that parties may use to escalate the complaint. In the past, US companies bristled at exposing their firms to the public scrutiny of making such a complaint. Whether the Office is a success may depend on American’s firms’ willingness to use it.

Remedial measures, according to the Agreement, are to be proportionate and not retaliatory with the goal of creating and maintaining a normal trading relationship. If the other side does not agree, the only possible recourse is to withdraw from the agreement with a 60-day written notice, an action China is not likely to take over a single issue. Talks on Phase 2 of the trade deal are likely to begin soon but not conclude until after the US Presidential this fall. 

At home President Xi faces a myriad of issues related to the US economic sanctions, including a cooling domestic economy with growth slowing to levels below the required 6.2% required to achieve the country’s 10-year economic plan goal. If China’s top policymakers cannot find ways to curtail the slowdown and maintain growth there may be increased instability in the Chinese economy. This is on top of other domestic issues Xi must deal with such as the unrest in Hong Kong and the Uighur minority in western China.

Direct download: Daria_Novak_07.Feb.20.mp3
Category:general -- posted at: 8:01am EST



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