from Kerry Lutz's Financial Survival Network
In this interview, Kerry and John Rubino discuss a range of topics related to the economy, including the Fed’s hawkish pause and its potential consequences, China’s economic implosion and its impact on the global economy, the impact of green technology and automation on the economy, the military’s purpose and culture, the Kennedy assassinations, and the potential consequences of flawed polling and voter fraud in the upcoming election. They highlight the precarious state of the economy and the potential risks that lie ahead, including a housing market crash, rising interest rates, and the impact of rising oil prices on the economy. They also discuss the limitations of electric cars and offshore wind, and how automation may lead to job loss and a shrinking social safety net. Furthermore, they delve into the challenges the military faces in recruiting individuals from different backgrounds and the importance of having a reserve army of unemployed people. They express skepticism about the official explanations for the deaths of JFK and RFK and suggest that the CIA was involved in both cases. Finally, they discuss the potential consequences of flawed polling and voter fraud in the upcoming election, highlighting the need for fair and accurate election practices. Overall, the discussion highlights the need for caution and careful consideration of the potential risks and challenges facing the economy and society as a whole.
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Should market participants be concerned about the possible government shutdown at midnight on Sept. 30?
According to Bank of America’s federal regulatory filing known as the Call Report, for the quarter ending June 30, 2023, it had $105.79 billion in unrealized losses on its held-to-maturity (HTM) securities. That figure is not only far beyond the realm of what its peer banks reported, but it represents a stunning 34 percent of all unrealized losses on held-to-maturity securities reported by 4,645 FDIC-insured commercial banks and savings institutions as of June 30, according to the FDIC’s Quarterly Banking Profile.
The FOMC and the Bank of England surprised markets by not raising interest rates this week as expected. Following the FOMC’s decision, gold and silver fell on the back of its hawkish statement before recovering slightly. In Europe this morning, gold was $1926 up a net $2 from last Friday’s close. Silver fared much better at $23.68, up 65 cents. Silver is obviously in a bear squeeze, while hedge funds have become disinterested in gold.
Cut the price, and they will not come? Homebuilders, in a tough market, compete with homeowners who are still delusional.
Our standard of living is being systematically destroyed, but for a lot of years many Americans didn’t fully understand what was taking place because it was happening so slowly. But now we have reached a stage where the purchasing power of our money is collapsing and the cost of living has become exceedingly painful. Thanks to our rapidly rising cost of living, the middle class is becoming “the impoverished class”, and the poor are increasingly being pushed out into the streets. If we do not find a way to turn these trends around, it won’t be too long before we have tremendous societal turmoil on our hands.
The first time I ever visited Zimbabwe in late 2010, the country was barely one year removed from the end of its legendary hyperinflation.
Major brands have pulled ads from Rumble, following the video platform’s refusal to censor or demonetize actor and podcast host Russell Brand over decade-old sexual assault allegations published this month in the U.K. media.
NEW YORK (AP) — Target will close nine store in four states, including one in East Harlem, New York and three in San Francisco, saying that theft and organized retail crime have threatened the safety of its workers and customers.
Did you know that Glock makes a special Donald Trump edition of its popular G19 pistol? The gold-colored handgun, which retails for $830, features a drawing of the former president on the grip against a stars-and-stripes background, plus the phrase “Trump 45th” and the presidential seal on the barrel. Trump admired the weapon during a visit to a Palmetto State Armory outlet in Summerville, South Carolina, on Monday—so much so that, according to a social media post that Trump spokesman Steven Cheung later deleted and corrected, he bought one from the store.
In my book, I strongly advocate for the concept of adhering to the scientific method of inquiry and the first principles of science, ab initio, as a discipline in the conduct of scientific research. The scientific method has been the foundation of legitimate scientific research for over 400 years and has served to advance man’s understanding of the natural world. To conduct scientific research in any other manner is at best erroneous and at worst duplicitous. The goal of scientific research should be to pursue the truth, not confirm a personal or institutional bias, as much of climate science research does today.
For as long as anyone can remember, the most prominent driver of gold prices has not been inflation. That’s only half the picture. The actual driver has been inflation-adjusted or “real” interest rates. At least it used to be that way.
Despite the fact that he met with and then invited a former SS soldier into his parliament, where the 98-year-old Nazi was given a standing ovation, Canadian Prime Minister Justin Trudeau complained about “Russian propaganda” and “Russian disinformation” Monday.