Kerry Lutz's--Financial Survival Network

Summary:
Today, Mish walks us through some of the effects of the lockdowns and the variant on the economy. We talk about stimulus checks, and some of the negative impacts on businesses and the economy in turn—everything is down in the real economy at the moment. Mish also highlights the significance of inflation: the disruption in the supply chain is real and it’s affecting everything. We talk about some of the indicators of these phenomena, and other interesting insights that allow us to better understand the current obstacles in the market.

Highlights:
-Mish talks to us about what is happening with DOW and Nasdaq, and how the fed will do whatever it takes to ensure that the economy will not falter—which translates to buying stocks.
-Is the Delta variant going to bring down the stock market and economy?
-There could be more pressure in terms of proving that you’re vaccinated
-The market is dismissing the Delta variant because it is concerned with the fed
-In the real economy, everything is down, but the stimulus should bring it up
-With the iminent end of stimmies, will we see a rebound in hiring?
-Investing is something that people have become involved in during COVID in light of receiving stimulus
-September and October are dangerous months for the stock market
-Big banks want employees back; tech companies are okay with remote working
-People are still hiring with many incentives, and the labor shortage is still very much as play—especially in hospitality
-Inflation is still at play as well—the disruption in the supply chain is real and it’s affecting everything
-Mish uses sugar as a barometer for inflation—it is a lead indicator
-Inflation is something that people should not forget about, and the impact on the market could be more significant than anything
-Mish says Bitcoin and Ethereum are the grandma and grandpa of crypto, but that the whole space is going to continue to be exciting
-We have had seven crashes in Bitcoin, and we don’t know if this one is over or not

Useful Links:
Financial Survival Network
Mish Schneider on Twitter
MarketGuage

Summary:
Michael Busler, Professor of Finance at Stockton University, gives us a crash course on the current economic situation in the United States—probing into some of the root causes of different problems and changes we are seeing today. We dive into inflation that has worsened due to disruptions in the supply chain as well as health circumstances over the last year and a half. Michael explains, however, that there are a number of other causes for inflation. If the government returns to some of the basic principles our nation was founded upon, perhaps we can re-create the economic prosperity we were historically known for.

Highlights:
-On the good side, the economy is growing very well, and is somewhat dependent upon the virus
-The problem at hand is inflation - prices are up about 5% over the span of a year
-Inflation is caused by disruptions in the supply chain
-Business has not caught up with the supply yet and this is why prices are rising
-Some say as soon as things open up fully, supply will increase and inflation will diminish
-There are, however, other causes for inflation such as fossil fuels
-The federal reserve has increased the money supply by over 20% in the last year and they are keeping interest rates near zero
-The federal government spent $3 trillion more than they took in as revenue last year as well as this year (government deficit spending)
-Companies that are re-opening are trying to get workers to come back, but many of them are making more on unemployment. Thus, businesses are pushed to raise wages which drives up labor costs astronomically
-Wages going up pushes prices up
-Will the federal reserve be able to raise its interest rates?
-The stock market is doing so well because corporate profits are up due to remote working
-Companies need capital so that business can expand and we avoid stagflation
-We don’t want attempts to reduce inflation to bring about a recession
-If we go back to some of the basic principles of the United States, our economy could prosper like it once did
-Four basic principles: individual freedom, individual responsibility, low rates of taxation, limited role for government
-The current administration is contradicting these principles; the government wants to take care of everyone and encourage social responsibility. The government is not motivated by profit, so costs go up

Useful Links:
Financial Survival Network
Michael Busler Twitter
Funding Democracy, the economics of freedom

Summary:
What is infinite banking, and how can we use it to build wealth? Today, Jim Oliver comes on the podcast with me to discuss how you can utilize a money pool to buy cash flowing assets—this gives your money the potential to grow tax-free and to be accessible tax-free. This approach to infinite banking emphasizes financial freedom; if you are in control of the money, it’s likely that you’re also the one making it. Tune in to learn about some of the opportunities you could have through infinite banking, and get direct insight from Jim, the founder of CreateTailwind.

Highlights:
-How can you effectively be your own bank and finance your own cash-flowing projects?
-We are using a money pool to buy cash flowing assets
-Infinite banking has a lot to do with paying off debts, but in this case we are emphasizing financial freedom
-Some people start with as little as $20k a year, and some start with millions
-What are the administrative costs? There really aren’t any because they use a special insurance contract that is designed for high cash value
-The money can grow tax-free and is accessible tax-free
-The money can be put to work very quickly
-Creating velocity of money by using it over and over again
-You are in control, and whoever is in control of the money makes the money

Useful Links:
Create Tailwind
Financial Survival Network
Breakaway Wealth Podcast

Summary:
Today, I speak with Craig Hemke to discuss what’s new with gold, the repo market, and the real economy. Supply and demand have played a large role within the latest decline in gold and silver, and Craig breaks down some of the changes in the market within the last few years. We see time and time again that nothing ever goes straight up in a trend line, and that these trends are ever-changing. We also talk briefly about crypto, emphasizing the benefit to owning multiple types of currencies in the shifting market.

Highlights:
-What is going on with the price of gold, the Repo market, and the real economy?
-What is behind the latest decline in gold and silver? It’s a multi-faceted answer—supply and demand for the future’s contract plays a large role.
-Why is there so little demand? This has to do with the people that are buying contracts and transitory effects
-Repo demand was rising, but so was the demand for everything short-term
-When you hear about the dollar going up, they are referring to the dollar index
-if we slow the creation of dollars, then the dollar relative to the Euro looks slightly better
-Expecting to see a taper of QE
-Nothing ever goes straight up in a trend line; trends are always changing, and this is especially relevant to gold.
-The idea of having an expiration date on a currency isn’t feasible
-Have we hit the physical floor again?
-We have spent a year with market participants getting used to a particular level within long-term consolidation—once it moves out of this, it will shift very quickly
-Have cryptos become the new gold?
-We should be able to own multiple currencies rather than adhering to a binary
-The argument for/against Bitcoin hasn’t necessarily changed

Useful Links:
Financial Survival Network
TF Metals Report
@TFMetals on Twitter

1. The takeover of Afghanistan by the Taliban. This is really the talk of the town this morning. This does not affect the stock market directly, but it makes traders and investors question their confidence in the current administration. I personally believe the Federal Reserve controls the market action with their current QE $120 billion/month program. 

2. Options expiration for August is on Friday. As you should all know by now, this is a week of institutional game playing. It's also a week where you will hear a lot of rumors, geopolitical events and lots of ridiculous up/down grades. Expect the unexpected. Watch Tesla and see what they do to it. This is the real shark week. 

3. Gold/Silver they were hammered in June during options ex. Nick said not your normal gold slam. Big traders were in there driving it down. More upside now to 1840 potentially. The miners stopped leading and still are not. Mining stocks are negative today while gold is up $9.

4. Cryptos have had a good move. They’re up slightly and now Bitcoin is at resistance. It’s a nice retrace, but wait for the pattern. 

5. Inflation is back with a vengeance. Commodities made lifetime moves. You can see the inflation on the charts. Inflation is here to stay. The lockdowns are the catalyst when the global economy shutdown. Gold, lumber, food, copper, etc had huge moves. Watch the price of copper. Copper tells all. And so was lumber. Copper topped in May and has pulled back a bit. Next wave coming in 2023-2024.

6. These policies are the exact opposite of what the economy needs. Lot’s of market volatility. You need to be a stock picker. Next year or two will be very tough. People have gotten used to raging bull markets. 

7. Dollar has been strong and it bottomed out in May and has been making higher lows. Within the next 10 years it will lose its reserve status. Will the US stop cryptos? 

8. Europe is a disaster. European banks’ charts are extremely weak. Look at Deutsche Bank and Credit Suisse. There’s a problem in the European bank. Their bond market has been killed by negative. 

Summary:
Today I speak with Eric Hadik who has been spot on with precious metals predictions for years, and has unmatched insight in this field. Eric walks us through the 40 year cycles of currency wars that have taken place throughout history that allow us to comprehend what happens in the markets over time. We come to the premise that gold needs to look for something to drive it higher or lower in its current position, and finally discuss stocks and oil.

Highlights:
-Spot on with precious metals predictions for years—and
-Started by looking at gold from a very broad perspective
-in 2015 Eric describes 40 year cycles of currency wars throughout history
-Gold and paper money = opponents
-Inflationary numbers will continue to come out but also taper a bit
-Gold needs to look for something else to drive it higher or lower
-One of the biggest burden is that interest rates are going to start to take up a bit
-Stock market due for a second correction in August and September
-Precious metals and stocks set their major highs and lows very closely
-20% of publicly traded stocks aren’t making any money             -Oil - lowering/stabilizing

Useful Links:
INSIIDE Track Trading
Financial Survival Network

Summary:
Today, Ben and I cover one of the most feared three letter words amongst American citizens: the IRS. It is important to remember that we have remedies and rights when dealing with the IRS, and numerous people get in trouble merely because they don’t understand some of the rules and processes. We want to make sure you don’t find yourself in this situation! Tune in today to hear about how you can exercise your rights and handle your taxes in a way that is painless, legal, and will save you unnecessary stress.

Highlights:
-IRS - one of the most dreaded three letter words
-As US citizens we have remedies and rights when dealing with them - IRS taxpayer Bill of Rights
-You could think you’re doing everything right on your taxes and miss a rule you weren’t aware of
-Many people get in trouble merely because they don’t understand the process
-Ignorance is not bliss when it comes to the IRS
-It is important to get people educated and informed
-You should never deal with them directly on any major matter. Tax law regulation and rule has nothing to do with common sense, so it is not a good idea to try and use basic rationality to communicate with them on your own.
-The IRS is limited to what they can do, and it is important to keep them limited (no in-home audits)
-It is important for businesses to have restricted areas for employees/customers only
-the IRS is trained on how to read/listen to people, and must decide whether they are trustworthy
-the IRS needs more employees because many of the current ones are not auditors—they do the daily entries

Useful Links:
Golden Tax Relief
Financial Survival Network

Summary:
Are we losing freedom as a product of health issues and government mandates? In today’s podcast, George and I tackle freedom, health, and finances to collectively consider the cost-benefit analysis of government involvement: how does this affect our overall well-being and happiness? We get into the financial consequences of some of the current world issues, in which the government’s deficit spending may reflect quantitative easing—which could result in continual inflation. Tune in today to get an interesting perspective on some of the most pressing global considerations right now, and to probe into what health and wealth mean in an era of immense change and regulation.

Highlights:
-Are we losing freedom? Is it the biggest casualty of the health issues we’ve seen over the years?
-We are encouraging people to think about what wealth is
-From an economic standpoint, goods and services make money count
-When you look at policies, we must ask ourselves if they produce more or fewer goods and services
-We make ourselves poorer if policies produce fewer
-Even if you have a substantial net worth, limitations on where you can go/what you can do de-value these assets.
-Freedom and health go hand in hand
-If you are a proponent of increased government involvement for the sake of safety, you must ask yourself: at what point will you believe the government has gone too far
-At a certain point, you must do a cost-benefit analysis
-there is a point where the government can take away so much of our freedom to where the costs outweigh the benefits
-Everything being done right now by governments in the name of health does not necessarily promote overall happiness and well-being.
-At what point is life not worth living? We can keep ourselves safe for the rest of our lives by separating from the outside world, but is that life worth living?
-We could see a scenario where the dollar goes up on the DXY, but that doesn’t mean that the cost of general goods will go up or down—nor will the stock market necessarily go up or down
-From a financial standpoint, people need to consider what is going to happen with government spending
-Dollars come out of economy and are re-distributed
-What has happened in 2020 and 2021? Consumer price inflation
-Is the government going to continue deficit spending?
-Quantitative easing (QE)
-Government deficit spending may resemble QE—must increase to achieve the desired effect on the economy, which puts it in a state of comatose
-General goods/necessities will increase in price
-Real estate - ideal to own at 30 year fixed rate mortgage
-CDC’s control over eviction moratoriums
-Foot in the door theory - when people accept a smaller request, they are more likely to accept a larger request later
-Foot in the door theory holds for things like COVID guidelines
-Is this circumstance simply the global elite using the foot in the door theory?

Useful Links:
George Gammon
Financial Survival Network

Summary:
Is the gold slam over, or is there still more to go? Today, Chris and I comment on the recent ding to the metals as well as updates on the dollar and Bitcoin to catch up on currency. As expected, there is a lot of panic around the circumstances of the metals, but this is a ‘golden opportunity’ to buy. The dollar is back up to resistance trying to break out, and could perhaps rally about 2% from where it is now. In the case of Bitcoin, it’s back on an up trend now, and can be projected by way of technical analysis. Tune in to get clued up on all things currency and to hear Chris give us some valuable insight on trends in monetary value.

Highlights:
-It’s been a bloodbath in the gold markets
-Metals are getting clobbered—gold was down 5% at one point
-A lot of people are nervous; gold has fallen so much in the last month and a half and has many selling
-While people are panicking, it’s a ‘golden opportunity’
-This should resolve to the upside eventually, but it has to work itself up
-Gold has been trading sideways and drifting lower, which is a strong pattern
-Since last August, we’ve seen Silver trade sideways
-This is a great opportunity for precious medals investors to add to their stacks
-These patterns point to higher prices
-Based on the patterns, it will probably take 1-2 years to see their break-out in run
-What’s going on with the dollar? When you look at the chart, it has been trying to put in a bottom for all of 2021
-dollar is back up to resistance, trying to break out
-we could see the USD rally about 2% from where it is now
-Chris thinks the dollar will be topping out at the next resistance level
-What are we seeing with Bitcoin? Is the damage over? Bitcoin corrected about 54% from the highs. It has been trading sideways, trying to carve out a bottom
-Which way is this pattern going to break? It’s back into an up trend now
-We can use technical analysis to figure out where this upside is going to start
-Fibonacci extension can tell us where the next resistance level is going to be

Useful Links:
The Technical Traders
Financial Survival Network

Summary:

In today’s episode, I speak with angel investor Jonathan Hung to discuss many of the inside tips and tricks of successful entrepreneurs. Jonathan highlights the importance not of the individual entrepreneur themselves, but of the team that ultimately must grow and evolve as the business does such. If you are interested in hearing about the development of startups, up and coming trends in tech, and the tools needed for you and your business to thrive, then tune in to today’s podcast.

Highlights:

-Jonathan is an angel investor and managing partner at Unicorn Venturing Partners
-From working in so many sectors, what is the biggest lesson you’ve learned? Jonathan says it’s not about one individual—it’s about the team. Jeff Bezos didn’t build Amazon by himself.
-Can you have a start-up company without a strong overarching personality that can turn your vision into a reality
-differences between public and private companies
-with private companies, who your leaders/executives are are so important
-The world is a big place with many people who like different things
-Hiring is an important skillset to have as an entrepreneur
-Leaders need to build a team; the team changes as the company grows
-Looking for business models that can scale to a larger level
-Entrepreneurs aren’t necessarily the smartest—they have grit and relentlessness
-What trends are emerging in tech? What companies are evolving to fit these trends?
-1/3 workers are looking to change jobs/transition
*Data mining
-How do you allocate valuation? It depends - services, tech, etc.
-Best way to dabble in angel investing - don’t do it by yourself. It’s also about networking and recognize that it’s okay not to be the smartest person and to seek out other expertise

Useful Links:

Financial Survival Network

Jonathan Hung

Summary:

Today, Martin and I talk government and crypto—in the face of the national debt, the US is depending on the cheapening of dollars to pay back debt that has grown exponentially in the last decade. Additionally, we face other probing questions in looking at Europe’s 2030 agenda. Ending democracy and implementing shared power between nations would have many interesting implications, and we dive into some of these. We discuss IMF and the push to create a universal digital currency, which would be above all laws and change cryptocurrency as we know it. Tune in to listen as we implore possibilities in crypto for the coming years, and the interplay between debt, governing strategy, and digital currency.

Highlights:

-DOW - a bull market everyone loves to hate, and Marty called it

-Over the years, Martin has dealt with a lot of government in the analytical field

-We can’t continue to borrow year after year without the intention of paying back

-National debt has more than doubled within a decade; government has the intention of paying back with cheaper dollars

-This is now coming to a head

-The problem is not the US, but Europe

-Europe went to negative interest rates in 2014 - 7 years later they are still unable to stimulate the economy

-Pension funds are insolvent

-Martin’s solution: stop this and re-design it, but for freedom

-8 points for 2030 agenda - ending democracy, US no longer a superpower, shared power between nations - one world government idea

-Heat map is dark red for Europe

-Many people untrained in the field are now suddenly climate activists and experts. Those who aren’t necessary qualified are making these big decisions

-Handing the power of the US to the UN is off the wall

-Schwabb says democracy has to go - keep in mind checks and balances on human rights

-European Commission that makes laws does not stand for election—neither does the head of the EU
-When we see Biden and $6 million proposals, it’s because we are looking to modern monetary theory—borrowing is not feasible anymore

-Government spending increasing by buying all the government bonds in Europe

-"we can just print more money and it won’t cause inflation”

-Assets, real-estate, art, etc. retains value and are going up drastically

-DOW going up dramatically and people still analyzing it with old-school methods

-Where is crypto headed?

-You have to be careful…there is a group above the UN (FAFT) that is concerned with money laundering and wants it to drop *know your client

-Ending the idea that somehow cryptocurrency is out of the government

-Pushing hard to create an IMF digital currency - all cryptocurrencies would be devolved into this new IMF coin. Why? This would replace the dollar as reserve currency

-Martin: opposed to IMF because it is not an elected body, and is outside the jurisdiction of countries—they are above all law internationally. Period.

-What’s going on with the gold flash crash? They lost their targeted gold

-They are tracking every ounce of gold—where it comes from/goes. They realize gold is an escape valve and have been trying to restrain it as much as possible

-This isn’t to take away inflation; this is about money and control. They don’t want any competition—it’s about power

-Half the world is acquiring gold at the same time, which might be problematic

-Communism failed because it didn’t have the entire world

-The reset scam will fail—the only way they could pull it off is if they could get Russia and China involved

-Three Gorges Dam and Chinese flooding—if the dam goes, much of the Chinese economy goes with it

-The climate change argument is serious because the UN is using this to promote the one government idea - climate change must be fought by a unified government

-We still have regional/cultural differences

-History repeats itself

-Miami becoming financial capital of US—what is going to happen to New York?

-People can’t be evicted; land lord can’t collect rent

-Will all private housing become government housing? This would essentially make New York a ghetto

-This system doesn’t function this way—it only would be able to do so by the communist regime

Useful Links:

Armstrong Economics

Andy and I get on the podcast today to debrief the flash crash in Gold; 24,000 contracts were dumped and prices drastically went down. This was intended to produce a major shock factor in the market. This makes for an excellent buying opportunity as markets do not always behave this way, and the price will most likely shoot back up again due to the high demand. We talk inflation, debt, and the realization of modern monetary theory—all of which are worth thinking about in the current economic state.

Notes

-Flash crash in Gold - went down $100/oz - has been bouncing around

-Andy Scheckman - milesfranklin.com

-What is going on with Gold/Silver?

-24K + contracts dumped - $4B worth

-It is a poor idea to dump that many contracts at one time, but it is done for effect

-There is no more manipulated market than the metals market

-This is a heck of a buying opportunity because markets don’t behave this way

-The price is most likely going to shoot back up because of the high demand

-Month-in, month-out, the big losers are speculators, who do the same thing over and over again and aren’t afraid to lose

-the government is the one accommodating loser

-$27 trillion in debt

-Less workers, high inflation-

-the only way you can manipulate a market over time is if you push it in the direction it’s moving

-Bloomberg - gold is going lower because the economy is getting stronger

-Fear of lending money out into an economy - banks are swimming in liquidity

-Wells Fargo pulling away from lines of credit

-The best things in life are transitory

-Inflating will get much worse

-People should be reigning in their debt

-People should be putting gold and silver away, not increasing their debt

-Purchasing power is being destroyed

-full modern monetary theory

We have seen this before but it turns around very quickly

Important Links:

www.FinancialsurvivalNetwork.com

www.MilesFranklin.com

John and I discuss the way in which the layaway concept is re-inserting itself into buying procedures; time and time again, individuals are slaves to debt and seek out more methods of borrowing money. We touch upon gold and silver getting whacked due to banks feeling pressure about unemployment rates as well as what the markets will do. However, the stock market is not crashing--and the drop in gold and silver prices should not induce panic. Tune in today to hear about some of the latest phenomena in tech, debt, and investing, and stay for the entertaining South Park references.

Notes:

-Concept of the layaway - ‘Layaway America’ - debt slaves don’t have enough ways to borrow

-We are becoming the layaway nation - everything that’s old is new again

-Gold and Silver take major decline

-Medically necessary creeping fascism

-Bitcoin is back up

-Tech companies have revived the idea of the layaway - making interest free payments until something is paid off

-Debt slaves don’t have enough ways to borrow

-Securitizing

-It’s not a surprise that gold and silver are getting whacked - banks are feeling pressure about unemployment rates and what the markets will do

-The stock market is down a little bit today, but isn’t crashing; only gold and silver are struggling. This is opportunistic and should not cause panic

-There are far more jobs than unemployed people—something has to give

-COVID era benefits need to eventually go away

-We are experiencing accelerating inflation

-Baby boomers are retiring; it’s going to be expensive when the government starts paying for all our needs

-some people see cryptos as tech stocks and buy them when they’re optimistic, while some people buy them when they’re worried. This means that there is always a market for them

Useful Links:

Financial Survival Network

Dollar Collapse

I was joined by Fury Gold Mines’ Chair Ivan Bebek and CEO Mike Timmins for the latest sponsor update. The news has been coming out at a fast and “Fury-ous” pace (pardon the pun) and as expected yet more high-grade gold has been found. In the latest results, three drill holes focused on the untested Hinge target had significant intercepts - including 1 meter of 12.81 g/t gold…showing that Hinge has high-grade veins as well as broader mineralization zones.

Results like these demonstrate that Fury is the perfect case for why one should invest in the junior mining sector. Many times the market appears indifferent to highly positive results, but when the news really starts flowing, it catches on and great shareholder returns routinely follow. As Ivan said, “Patience …will always pay off.” The company now has 4 drills turning and while the assay labs have been slow to furnish results, things should pick up shortly. Website: www.FureyGoldMines.com - Ticker Symbol - TSX/NYSE: FURY

Summary:

In today’s episode I speak with Crypto Professional Shahar Abrams about the basic fundamentals of cryptocurrency, its future, and why you should educate yourself on this increasingly prevalent industry. Shahar entered the crypto sphere in 2017 and has since become an expert on the digital revolution in value that is taking place. Crypto offers an amazing opportunity for passive income that you can’t make with traditional stocks, and is essentially the backbone for what is going to become the internet of value. Tune in to hear captivating stories from Shahar about his background, the future of crypto, and his online course where you can learn the inner-workings of cryptocurrency investing.

Notes:

-What people think crypto is, what it really is, and why they should educate themselves

-Perhaps losing money is the best learning experience in the industry

-why it has a future, why you should be interested and perhaps even take a course

-started out consulting for IBM (data science track), dove into blockchain in 2017

-Interested in personal finance

-Rich Dad, Poor Dad

-Creating passive income streams and buying assets that put money in your pocket

-Bought in in 2017

-Felt like he was developing an edge in crypto - quit the corporate world and wants to now focus on education. There is a big educational gap, amongst investors—especially within crypto

-there is a big range of what crypto can be worth

-actual liquid market is a lot smaller than what people think

-Long-term/medium-term investing in crypto - best trade-off between financial benefit and stress levels

-Passive income you can’t make with stocks

-If you want to trade, carve out a bit of your portfolio, start small, and increase as fit

-goal of the course: predicated on view that this is a legitimate, maturing industry that will result in massive disruption to any industry that mediates value

-crypto is the backbone of what is going to become the internet of value

-we will be able to send value by way of crypto very regularly

-wants to push people to take the long-term view

-the best investors in the world don’t invest in something they don’t understand

-great opportunity whether you are more aggressive or passive - it is worth learning about so you can better assess risk and create a strategy to reach your goals

-crypto from the technical and market perspective

Useful Links:

www.FinancialSurvivalNetwork.com

www.roadtobabylon.org

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert T. Kiyosaki

The Richest Man in Babylon by Sam Sisavath

We just went through the usual precious metals bottom in late July, early August. Volume on juniors is completely anemic. GDXJ has double bottomed which is usually a very bullish sign. David Erfle sat down with us to give an update gold, silver and mining stocks. 

Mining stocks have continued to go down leading to investors take tax losses in the summer, which is quite unheard of. David says this is the exact time when the opportunity in the sector is greatest, at the bottom. Therefore, you need to have a watch list and be ready to pounce. The juniors are in particularly strong position now. Since the last move up, they’ve cashed up and are ready to go. Drilling programs are happening right now and results are being release. There’s lots of value in the sector. Of course it’s always possible we could have another down leg that drops gold to 1600-1650. in this sector you never know. However, = if gold stays above 1750 it will soon be off to the races. The Fed is working overtime on pushing gold prices higher. It finally admitted what we all know, inflation is here to stay, and with its decision to not raise rates or taper, the secret is out of the bag.

Do you want to minimize the amount you pay in taxes? Today, Mark Myers gives us the inside scoop on how we can do this legally and ethically. Mark highlights the distinction between the tax systems for the informed and the uninformed, and how we can equip ourselves with the resources to be on the informed side. Many small to medium business owners are not aware of some of the benefits they can take advantage of that are non-taxable and very attainable. Most importantly, it is critical to understand how we can stay within the black and white boundaries of the IRS while keeping more of our own money. Tune in to get direct insight from Mark on some of the up and coming potential tax strategies and some useful tips to ensure that you minimize your taxes.

Important points:

Notes

-Business owners (small to medium, $150M revenue) most of these owners don’t know that there are benefits they can take advantage of that are non-taxable. This is by creating another entity with a separate service

-Low hanging fruit in the informed tax realm—needs to be structured right so it doesn’t fall under IRS rules in control and consolidation. This needs to be done under the right guidance

-Make sure you are in the black and white, and not stepping outside of the boundaries

-Highest tax break Mark has helped someone achieve was 7 figures

-What is the next largest potential tax strategy one can utilize?

-capital gains - selling appreciated assets

-How can you ensure you don’t trigger the capital gain tax event when selling an asset?

-Trust structure - when the buyer goes to buy the asset, they aren’t paying you but the trust which you have control over

-utilize family structure to minimize taxes - passive income can be offset by passive losses

Useful Links:
peakprofitsolutions.com

Noble Drakoln is long Robinhood and not for the reason you might think. True it’s a hot market trading app that has millions of clients and makes its living selling their data to high frequency traders. It’s doing quite well and according to Noble has leveled the playing field and enabled the public to turn the tables on the pros, but that’s only half the story. They’re really a crypto play as they are one of the largest holders of the infamous Elon Musk promoted Dogecoin. And they’re all set to become a major crypto trading platform that could easily surpass Coinbase. And that could really result in huge profits to early Robinhood investors, and perhaps that’s why the price has rebounded and gone higher than the IPO price. Perhaps another Facebook in the making. 

Robert Stevens and I discuss the mining industry, and set out to address some of the challenges and changes within the field in today’s podcast. The mining industry is experiencing quite a boom, and the demand for metals only increases and will continue to do so in the following years. This is especially significant in consideration of transitioning to a more electrified economy. 

Robert talks about how he got into geology, and the underlying entrepreneurialism in the field that sheds light on the scope of the industry. It is imperative to look at the bigger picture in mining to account for each facet. Mining is essentially the ultimate treasure hunt and mastery of the earth’s resources, but it requires that we understand what it means to bring mines online. 

Robert offers valuable insight into the implications of drilling, and the necessity to create a working understanding of why we drill, because results are affected by these reasons. Finally, we get into how mining is a different industry today than it was historically. We can now recover metals in greater quantities and processing methods operate with increased efficiency. 

The regulatory requirements in place that allow for more environmental preservation contribute to these shifts in mining practices, which need to be acknowledged by regulators and governments. Anyone interested in exploring this topic more can check out Robert’s book, Mineral Exploration and Mining Essentials, and participate in his online courses that provide an overview of the industry. 

Links and Resources

Online courses - miningessentials.com

-Pre-recorded online courses as well as a live one taking place September 28th-30th (12 hrs) that provides an overview of the industry

Mineral Exploration and Mining Essentials by Robert Stevens

https://www.amazon.com/Mineral-Exploration-Mining-Essentials-Stevens/dp/B004RY4YFC

The good side. Social security recipients have shortchanged by fake inflation numbers. They’ll probably get a 5% increase or more for next year. In most recessions we have supply chain issues. This has resulted in higher prices. The actual numbers are probably running ahead of that. The supply chain issues are starting to get resolved and prices will come back down. Mark believes it will be a short-term blip. 

When to take social security? It’s situational dependent. Your health, your financial situation and your history. Most people take it too early. It depends on your family situation. There are over 500 different scenarios dealing with Social Security benefits. You need an expert like mark to unravel the mystery. 

Carnivore Trading was started by Dutch, Donk, and Trader Z, all professional Wall Streeters that have worked together at some of the biggest and best firms on Wall Street and have 100+ years of combined trading and Wall Street experience. They believe that Wall Street has become fundamentally flawed and is now structurally designed to produce mediocrity. Wall Street is living off its former reputation, not who they are today. They are no longer money makers for you, they simply want to keep your money invested at all times and keep making big fees off your account. Unfortunately, they just want the annual fee, and absolutely DO NOT CARE if you make any money.
 
FIND THEIR WEBSITE HERE:

Carnivore Trading is a group of professional traders that deliver to its subscriber family (“The Carnivores”) Instant Text Alerts for trades it is recommending. We find explosive trade set ups and deliver them in real time to the Carnivores. Their family of Carnivore Traders act on them if they wish at whatever brokerage firm they hold their accounts. Carnivore is not a brokerage and will not do any trades for you. Rather, they give you the recommendation, you do the trade yourself.

The opportunity to invest directly into a business rather than making a trade. You are providing catalytic capital that can deliver value to you as a shareholder and to the company. You could consider it as buying stock at wholesale, direct from the distributor with no mark—ups. Jamie always looks for warrants as gravy. Never invest just because you’re getting a warrant. Rather the deal must make sense on its own without the warrant. They can magnify the return, but always check the fundamentals. Generally junior mining company warrants don’t trade on the exchanges.

Join Jamie’s webinar private placement webinar on August 4, 2021. Just click here...

Is 2021 the end of the financial bubble, will it complete shortly? The bubble usually happens 9-10 years after a commodity super-cycle bubble. Previous great financial manias peaked in May or June. In January margin debt growth hit a peak that put the market peak in May. Lumber peaked in June. The US Dollar turned up and built a base during 6 months once it crossed 91 on the DXY. This week it passed 93 and the uptrend is in tact. Which confirms the financial contract that’s coming soon. Gold to silver ratio has recently gone up, sign of a contraction. 

Now we’re seeing the market twilight coming in August. Crypto market gains have been amazing. The party in financial assets is over and here comes the deflation. 

Gold and the US Dollar will both go up. Financial crisis coming, metals up stocks down. As early as November. Multi-year bull market in precious metals. Credit meltdown coming. Get your credit now. The supply chain disruption is the result of the bubble, not a certain widespread illness. What is really going on is the final upthrust of business activity that’s triggering shortages prior to the financial crisis. 

Food and supply chain disruptions are taking place around the globe. What is really causing the supply chain disruptions taking place. The mainstream has been pushing the meme, but is it true? Is it perhaps a cover for the financial breakdown that was already taking place. Any system encounters entropy and eventually breaks down. Things decay and fail. Perhaps that’s what’s going on in the global economic system. 

We’re in a metals bull market, but as always it will climb on a wall of worry. Don’t be dissuaded by the paper price. The metals decline will be short-lived. 

Beware of cryptos. David prefers asset backed coins to unbacked. What is the government going to do when it becomes a threat the system and the elites? Look for massive regulation of the crypto space. 

Look for David at www.TheMorganReport.com. Write us an email at kl@kerrylutz.com

We had the honor of sitting down with the newly "semi-retired" Rick Rule to get his latest takes on the economy, technology, and of course the mining sector. He sees the state of the real economy as showing surprising underlying strength, some of it false and much of it due to technology, which effectively reduces capital requirements. The pace of technological change and implementation keeps increasing.

Bond market and consumer spending are two areas that are largely artificial. However, the underlying strength in frontier markets, such as Africa, is leading the way. But it's not all rainbows and unicorns. Rick thinks we’re overdue for a day of reckoning, or just a reversion to mean. He suspects that the economy's growth since 2008 is more due to stimulus than real economic growth factors.

What will happen if the US Treasury reverts to mean? 6% rates would have a devastating impact upon the Pandemic Recovery - real or imagined. Why in this environment aren't metals going through the roof? Rick believes that people are extremely complacent and believe that things will only get better. Can we really stick-handle our way through any rough spots? Perhaps not. Rick thinks the precious metals markets are just going through their normal gyrations, especially when compared to prior bull markets. The current malaise was triggered by the Fed backing off yield management, but that appears to be over, for now anyway.

Stock prices in the mining sector look very weak, is this a major buying opportunity? Rick reviews the Barrons Gold Mining Index and advises that it’s very instructive and there’s nothing surprising going on here. Of 2000 junior mining companies, only 300 are viable. Keep your portfolio in the sector down to a manageable risk.

The mid-market on an npv value is the biggest buy now. The fundamentals behind higher metal prices are in tact and the gold price will go higher, and he doesn’t see any reason to change that opinion. PM bull markets are decade long affairs. Gold could go to 5000-6000 per ounce, it’s certainly possible. In addition, a bull-market in base metals is baked in the cake.

You need to prepare yourself for what is inevitable. The industry has brought on many of its own problems, politically, enironmentally and financially. Investors have taken a hike. It’s always going to be messy.