Kerry Lutz's--Financial Survival Network

There’s a point at which even the banks cannot drive the price lower. You get to a point where you can’t allow too large a divergence or you risk the system imploding. We’ve seen it numerous times, most recently March 2020 and again last week. Many technical and fundamental reasons why it’s probably going higher. Dollar peaked. Bond market double topped. At some point the down trend lines end. Coupon code LUTZ and save 50% off your first month at tfmetalsreport.com.

Carl Gould is a worldwide leading authority on business and entrepreneurship. His company, 7 Stage Advisors helps organizations grow to the next level. He is an entrepreneur who built three multi-million dollar businesses by age 40. 7 Stage Advisors, has mentored the launch of over five thousand businesses. Some of the companies he’s helped are companies like Allstate, American Idol , USA Olympic Track, IBM, McGraw-Hill and the US Army. 

Gould created the farthest-reaching business mentoring organization in the world, and his methodologies are in practice in 35 countries. He has trained, certified or accredited over 7,000 Business Coaches and Mentors since 2002. 

Carl has written multiple books on the subject of business strategy, leadership and sustainable growth. He co-authored “Blueprint for Success” with Stephen R. Covey and Ken Blanchard; and his best-selling book, “The 7 Stages of Small Business Success”, lays out the formula for HyperGrowth. 

Pandemic Advice

1 - Stay open no matter what. You’ll do whatever it takes to service your community. 

2 - People follow authority and thought leaders.

3 - Don’t over discount. In this pandemic banks and individuals had excess funds available and pent up demand.

4 - Create the VIP experience for clients to do 1 day adventure and indulgence. Touchless contactless service available to all. 

A major increase in inflation is ahead and the Fed isn’t gonna do anything about it. A lot of people are oblivious to this fact and they’re in for a shock as is the stock market. This should be good news for gold and the mining sector. Powell is talking the talk, but he’s not about to walk the walk. He says that it will be temporary and therefore, it doesn’t warrant a  response. The stage is set for a conflict between inflation and the stock market. Will asset value inflation continue onward and upward. The coming bout of inflation, gasoline up 60%. It will add two percent all by itself. Supply chain disruptions mean less vehicle sales and reduction of discounts. The chip shortage is severe. Issues at the ports, not enough trucks or dock capacity to handle it. We could see the headline CPI jump as much as 3.5% and the core rate will follow it. If an when the 10 year gets above 2%, yields will then drop, temporarily. 

Is the economy overheating?

-- soaring home prices

-- huge jump in March auto sales 

-- jobs growth blew away expectations

-- 10-year yield over 1.7%

-- SuperMario video game from the 1980s sells for $600,000

-- Stocks hit all-time highs on the jobs report

What happens if inflation and interest rates spike at some time? 

Where is the Fed when you need them the most? 

Does government have to shift to tightening this year? 

Is all news, good and bad, good news for the markets? 

FSN community member Joe brought this to my attention.The promise is fast easy business loans with minimal documentationGive them 3 months of checking account statements and they’ll handle the rest.

But there’s always a catch. This is literally payday lending for small business. I had to check it out and find out what the scam is.

I do a google search and there’s a million of these companies. So I decide, let’s test it out and see what the deal is. I go to Lending Tree and type in business loans. I fill out the form and no sooner do I hit the submiit key and they’re already call. 

The game is on. Their small business lending expert is a very articulate young man/woman who knows all the right buzz words. I explain that I have a high credit score, no judgments or liens. A couple of bucks in the bank, pay everyone on time, even now. I’m looking for expansion capital to build a new studio and set up a real broadcast channel. I need $75k, but of course it depends upon the rate. I can always self-finance. 

Then the fun begins. These are modern day legal loan sharks. They can give me the money from 7-12 months, but I want 18. Sorry we can’t do that. And we’re gonna take our payments from your bank, some weekly, some daily and some whenever they feel like it. All for a paltry interest rate of 30% to 85% per annum and perhaps higher. 

But here’s the catch, they never tell you what the rate. In their word, “You just need to know your cost of money, how much you’ll be paying back…” Because they know if they were to tell you the real interest rate, you’d slam the phone down and block them from ever calling you again. I did 7-8 times all with similar results. They kept calling and emailing until I told them to lose my number and dnc me. After the 3rd or 4th one I would tell them my parameters, no rate higher than 10 percent, monthly payments, 18 months minimum. They always promised they would get it done and then they’d come up with 40 percent interest rates or more. Complete scammers.

And they never mention it, but I’m sure they require a personal guarantee. Some states still have usury laws, but only for personal loans or credit cards. There has always been an exception for corporate loans accompanied by a pg, even if the the corp was formed just to avoid the usury cap. 

Beware of these scumbags. You’re much better off going to friends and family or taking out credit card advances. Or if you’re a student, even though it’s not permitted, using some of you subsidized student loans to fund your start-up. Anything but these shylocks. 

One year ago we had the most rapid decline in history and the fast rise in history. What does the market do after a crash/purge. RC believes the market is heading higher for the next 5-10 years. Just because it has done it in the past, doesn’t mean that it won’t happen now. 700 million people have their money in the market. Collectively, they have a pretty good view of what’s coming. The idea that the end is near is at best exhausting and at worst makes you fearful. A little knowledge of history is a good thing. Go with probablity and history first, but don’t throw caution to the wind. The market has been leading the world and the economy for more than a century. There’s a collective unconsciousness guiding us in the market. 

Stock markets took off again in March: Dow added 6.6% to 32982, S&P 500 up 4.3%, Nasdaq finished flat, Russell 2000 up another 1%, TSX added 3.9% TSX.V down a big 6.5%. VIX down to a calmer 18.95. Dollar was up 2.5% to 93.24 and Euro down 2.8% to. 10 Year yield skyrocketed to 1.74%. Bitcoin went parabolic again up 23.4% to a record 58804. Gold off 1.5% to 1709. Silver off 8.6% to 24.41. PT pretty much flat. PD rose 13.4%  for the month to 2528. Dr. Copper down 4.2% to $4.01, breaking $4 per pound. WTI off 3.8% to 59.16. Brent off 3.9% to 63.54. Natgas off 5.8% to a still anemic 2.66. Uranium ran up impressive 11.7% to $31.13. 

Ratios: Au/Ag 70 - Pt/Au .69 - Pt/Pd .47 - BRT/WTI 1.07 WT/HH 22.7 and AU/WTI coming back down to earth 28.9.

Wayne Winegarden opines, "If the fight for $15 minimum wage is successful, it will impose far more costs than benefits. Not only are minimum wage proponents distorting the population impacted, but they also fail to understand the economic trade-offs required. To understand the trade-offs, it is helpful to review the financials of a typical retail business, which is the sector where the vast majority of minimum wage workers are employed. Based on the average annual revenue of a small retailer ($262,092), and the average cost structure, a pro-forma financial statement of a small retailer looks something like Table 1, which illustrates that based on the current costs of running a retail store, the average small retailer earns about $43,000 in profits annually."

The lockdowns implemented by a number of states to control covid have been devastating to small businesses across the nation. Smaller businesses have gotten the short end of the stick. Many businesses have closed. Some entrepreneurs will rise from the ashes and others won’t. Unless you’ve got the cash to start a new business, it will be very difficult. The last man standing will be the winner. As an entrepreneur you need to shift and need to plan for the next pandemic. Chapter 11 could be your best friend. Many businesses who could have gotten aid under the CARES Act. Much of the public often didn’t understand how to take advantage of the program. There’s a lack of interpretive advisors who can help you actually apply the programs to your needs. 

In an environment of unlimited Money Printing and unlimited Government, how can you protect your wealth? Historically, one choice has been sound junior mining ventures led by superior teams. Torq Resources (sponsor) is exactly that kind of company. Shawn Wallace and Ivan Bebek have a strong track record of building successful companies, with resulting high returns to shareholders.

Shawn explained the Torq Strategy: “The team has been very deliberate and ‘picky’ in choosing projects and moving them forward.” They were making great progress in Chile, when Covid struck. The accompanying travel restrictions presented a major obstacle, but Torq soon crafted a brilliant new plan.

In South America, personal relationships are everything. Doing business on Zoom is not an option. Michael Henrichsen (Chief Geologist) had vast South American experience and a relationship network second to none. He created a team of “Finders” that brought a steady stream of quality projects in for review. The team was so effective, they became a permanent part of the Company after the Margarita acquisition. Now they’re closing in on more projects of similar scope & scale. Shawn is very optimistic about Margarita’s. He believes they’re in the right place at the right time. Chile has many areas that are unexplored and others that were cherry-picked in decades past. Large new copper deposits are extremely scarce. New exploration and production technologies could give these properties new life and big profits.

Shawn’s partnership with Ivan Bebek has been a major success story. Their backgrounds and experience fully complement one another. Both are ardent proponents of tight share structures and the requirement that the bulk of capital raised must go into the ground. And they both share a passion for the business and the industry

As in all their ventures, insider ownership is high. Shawn and Ivan have skin in the game, their interests as always are aligned with their shareholders.

Looking ahead, there are a number of factors that should affect the share price. First is near-term commencement of the Margarita pre-drill exploration program to hone in on the best drill targets. Measure twice, cut once for best results and use of capital. Next, as Shawn points out, new acquisitions are on the horizon. Finally, higher copper and gold prices will likely be reflected in the share price.

https://www.torqresources.com

OTCQX: TRBMF TSX-V: TORQ

Kerry Killinger was CEO of Washington Mutual Bank during the financial crisis. He helped build it up from a small regional player into a high-growth national entity. He'd spoken with JP Morgan-Chase's CEO Jamie Dimon about the possibility of merging the two. Then came the 2008 financial crisis and Jamie had other ideas, he wanted the bank for nothing. WAMU had been preparing for a major real estate price collapse and had cut back its real estate lending to prepare for the bad days. But that wasn't enough. They were caught short on capital and then Dimon pounced. In a flash Killinger was forced out and then WAMU was swallowed up by Dimon for next to nothing. The resulting behemoth has been extremely profitable ever since. In their book Nothing Is Too Big To Fail (Kerry and wife Linda) detail what took place behind the scenes and how it all went down, much to their amazement. It's a must read to understand what we're up against. 

Acccording to Jerry Robinson we’ve gone off the cliff and now we’re airbone waiting for impact. Jerry forecast that the Fed would continue its policy of the so-called Greenspan Put. When in doubt print money! If still in doubt, print more money. Incredible amounts of liquidity are sloshing around the market leading to higher asset prices and bigger bubbles. 

Government can’t stop Bitcoin, but it looks like they’ve somewhat succeeded with gold and silver. Gold is not dead, there’s just other speculative assets available. Jerry is still a believer in gold. It’s holding up and it’s still consolidating and is in a long term uptrend. It’s got to retake the 250 moving day moving average. Silver has been hovering in its current range for a long time now. Their time is coming. 

Hedge Funds blowing up. Archegos Fund gone. This is what happens at the top of a cycle or bubble.

More stimmies on the way, thanks President Biden. Right on the heels of the last stimulus plan. It will insulate the system from further blow-ups. 

Big risks are interest rates and currencies. Even a three percent yield on the treasuries won’t matter and further distort

Gold and silver retreating, what does it mean? 

$240 million this month in NFT’s.

Bezos fighting unionization with every dirty trick in the book. Bernie Sanders is out there fighting the fight for higher wages and better work conditions. 

Rush to upgrade condos in NYC due to the huge price decline. The Hamptons has turned into a year round 

Trial of Minneapolis George Floyd Cop beginning.

Covid was an excuse to increase the size of government. We’re not raising taxes but even if they do raise taxes they will pale in comparison to how much is being spent. We’ll all have a lot less because the government is taking so much more. They can try to cover it up with a distorted CPI, and they’ll claim it’s the sign of a growing economy. We just had the worst trade deficit in history and the pundits claim it’s a sign of a growing economy, which it isn’t. Weak economies suffer rising prices, not a strong one. 

The stimulus was a grab bag. There was no real way to control the fraud. Wealthy people were getting the PPP. The fraudsters lined up around the block to take the government’s money. They were gifts not loans. Everyone was in favor of it. A huge boondogle of the highest order. 

We don’t learn from history. The 1920 bust was higher than 1929, but Coolidge cut government spending dramatically which made it a sharp but brief recession. In 1929 we went with Keynes and the recession carried on for over a decade. Herbert Hoover did everything the Keynesians wanted to be done and it didn’t work. Roosevelt just picked up the baton. From 1932 to 1941 was a long running continuous depression. 

There’s hedge funds blowing up and there always will be. The problem is the lenders. The funds can’t pay back its loans. The lenders are on the hook. Banks were so desparate for income that they would loan to anyone. Too big to fail and increase the moral hazard. 

Peter has positioned himself and others by recognizing that the biggest casualty is going to be the dollar. Paper wealth is going to dissipate. The post-dollar era is coming and you need to play that trend. Resources and business that have those resources will help protect your wealth from future disasters. 

Doré Copper's CEO Ernest Mast believes that when it comes to mining, past is often prologue. (sponsor) He's acquired and continues to acquire a portfolio of successful past producing  projects that hold great promise for the future. The choice simple, its much easier and less risky to acquire and restart past producing mines . Often, they were shut down due to economic or technical reasons, rather than depletion of reserves. Restarting production is a far simpler matter, requiring minimal approvals and reduced investment. In addition, Mast is continues to consolidate nearby under or unexplored properties to further expand the resource. Ernie expects to release an updated 43-101 and PEA later this year. 

Doré's a 2700 tpd Copper Rand Processing Plant along with its  growing list of mines is part of a "hub and spoke" strategy to maximize the mill's economies of scale. High quality area  infrastructure helps facilitate this process. Add to that a quality local mine-oriented work force and you've got the makings of an efficient gold/copper producer with world-class potential. 

It's no wonder that Doré has found widespread support and investment from a variety of interested parties, from the Cree Nation, to the municipality of Chbougamau and numerous other companies in the area. 

With $4 copper and $1700+ gold, Doré is ideally situated to ride out the next commodities super-cycle turning in big profits for shareholders who have patience and vision, of which we'd like to include ourselves.  

www.DoreCopper.com (TSXV: DCMC – OTCQB:DRCMF)

People are still fleeing New York City in record numbers. The reasons are obvious, crime, lawlessness, government failure and a desire to move to safer environs. People are often fed up with the expense of the City, working from home and no longer have a need to reside there. Many physicians are fleeing and have been spurred on my lower rates. Some however have buyer’s remorse. It’s an interesting trend that will no doubt continue. REMIAgency.com. 

Just because the world is depressed doesn’t mean you to be too. Your internal state of mind is the key to your happiness and satisfaction with life. Reinforce your belief in yourself by using positive affirmations; they can make a big difference. Sometimes you get so down that you need professional help to get out of it and that’s okay too. It might even require medication and that’s okay too. 

Three things to turn your life around right now.

1 There’s never a perfect time, start the journey now. 

2 Adversity creates opportunity. Life is 99 percent virtual.

3 Working virtually gives you possibilities that never dreamed of before. Open your eyes and realize it. 

Today is the day and now is the time to turn your life around. Reframe and rebuild your business plan. Don’t worry about the small stuff. 

Joe Gissy has a long history in the finance sector. Now he's going all in on Robot trading. Will it work? Obviously bots can act faster, analyze more data and sift through patterns faster than any human being out there. But is that enough to turn in superior performance. And is this the beginning of Skynet? In the Terminator movies the computers takeover and use specialized robots known as Terminators to eliminate human beings. But perhaps all we they need to do is disrupt our markets and stop all financial transactions. The humans might self-terminate saving Skynet the bother. However, this appears to be the future and just like robots took over chess competitions, so too will go trading. 

Retail silver is in very short supply. Mints aren’t producing enough for various reasons. How can it be? Answer, because that’s the way the market is structured. As Rick Rule says, “This market doesn’t not act properly at all.” Billionaires are losing their interest for precious metals and going all in on cryptos. Every day is a new day with fundamentals stronger than ever. Treasuries are rising to near 2%, which is way below the normal 5%. Debt is expanding to infinity. Once the rate goes higher, the problem will get worse.

Conviction, don’t give up the ship. Only buy physical or allocated from trusted sources and even then be careful. Who can you trust to hold your metal? 

Eli David started StartupBlink to identify the best places in the world for start-ups. Despite it's well publicized problems dealing with homelessness and sanitary conditions, San Francisco is still number one. Then comes New York City, despite the best efforts of Comrade diBlasio to destroy it. Coming up at number 3 is London, hardly anyone's idea of a start-up. Eli is an economist and uses a number of measurements to compile his report. Coming up quickly from behind is Beijing and Shanghai. Will they one day be number 1 and 2? 

Gary Wagner joined us for a review of current gold and silver price action and trends. Gold hit its low last month, at just under $1700. Now it’s at $1724. Yesterday we had a weak dollar and US equities moving higher. Gold can’t get out of its own way and everything is negative for it. Short-term we’re in  bearish mode. Below 50 and 200 day moving average. At the same time deficits are escalating out of control. A series of events are occurring that are driving it down, but there’s good support at $1700. From what we’re looking at now, we could see some pressure in both metals, so it’s a good time to buy. August was the beginning of a multi-month correction. There’s still weaknesses in the market. Bitcoin hit $60k and now it has corrected. Gary now has a bitcoin report. Gary’s son went short at $60k and expects it to retrace to $45k. Now we’re seeing corporate acceptance. 

Big SNAFU as Miami declares spring break state of emergency, a sign that things are getting back to normal. Too many people partying means things are getting back to usual. Small businesses in Miami are back making money. Drunks are big tippers. So much 

DeSantis is a genius and is on track to being 2024 Republican presidential nominee. John believes the Texas-Florida model will be shown by history to be the right move. 

We Don’t Need No Stinkin’ Masks Dr. F. It’s about time someone called out Mr. Doctor F. Starting to look like the entire pan-demic response was over done and uneccesary. And the fall-out is shocking. The sooner we get passed it the better. 

Markets still going higher and they’re flooding the system with cash. Nasdaq moves up and down 200-300 regularly. The Robinhood checks have gone out and things are heating up. The economy and inflation will pick up. Interest rates are heading higher. 

Will the money move into bonds now that rates are going higher? Volatility is guaranteed to pick up. John is short the Nasdaq and the S&P 500. Long periods of low interest rates cause people to borrow more and become overleveraged. 

Today's mobile home park is nothing like you've been led to believe. While they're certainly not exclusive communities, most residents are hardworking people on their way up to a spot in the middle class. They provide affordable housing that has enabled many people to save for a home and move on up. They're usually well managed and provide excellent cash flow. Brian explains how they also provide investors with excellent returns and a great way to diversify real estate holdings. 

The entire country, including small business is hooked on stimulus a/k/a stimmies. Naresh fears that it’s going to become a regular annual or semi-annual occurrence. It’s on its way to becoming a permanent economic fixture. The rich keep getting poorer. Families with an income over $400,000 will be hit with additional taxes. In Blue states, a full 60 percent of your income will be gone. There’s lot’s more here. Get ready.  

Airlines ask White House to develop standardized COVID-19 travel 'passports'

Leading airline and business groups are asking the Biden administration to develop temporary credentials that would let travelers show they have been tested and vaccinated for COVID-19, a step that the airline industry believes will help revive travel.

Various groups and countries are working on developing so-called vaccine passports aimed at allowing more travel. But airlines fear that a smattering of regional credentials will cause confusion and none will be widely accepted.

“It is crucial to establish uniform guidance” and “the U.S. must be a leader in this development,” more than two dozen groups said in a letter Monday to White House coronavirus-response coordinator Jeff Zients. The groups said, however, that vaccination should not be a requirement for domestic or international travel.

The groups include the main U.S. and international airline trade organizations, airline labor unions and the U.S. Chamber of Commerce. The White House did not immediately comment.