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Are Rate Cuts the Cure for Economic Challenges? with Eddy Gifford

from Kerry Lutz's Financial Survival Network

Kerry and Eddy Gifford discussed the potential implications of inflation decreasing and the implementation of rate cuts. They also emphasized the importance of portfolio diversification, including commodities and cryptocurrencies, to achieve uncorrelated returns and mitigate risk. Eddy provided insights into measuring risk and the need for exits in place during market downturns to safeguard assets. The conversation ended with Eddy suggesting ways to connect with him for further discussions and Kerry providing his contact information, highlighting the importance of staying informed during uncertain times.

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The Silver Sands of Time: How the Metal is Changing the Energy Landscape with David Morgan

from Kerry Lutz's Financial Survival Network

Kerry and David Morgan discussed the recent performance of gold and silver, with both metals experiencing significant rallies. They projected potential trading ranges for silver between $29 and $31 and gold between $2,200 and $2,400. The speakers also discussed the dynamics of the silver market, highlighting the substantial demand from industries like photovoltaics and projecting a billion ounce market for the next 10 years. They expressed shared concerns about the environmental impact and efficiency of energy production, emphasizing the need for alternative sustainable solutions and greater awareness and exploration of alternative sustainable energy options to address the challenges associated with energy and sustainability.

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Decoding the Jobs Report: Insights for Investors with David Wright

from Kerry Lutz's Financial Survival Network

Kerry Lutz and David Wright discussed various topics related to the economy and investment strategies. They expressed skepticism about the accuracy of the recent jobs report and its potential impact on interest rates. They also explored investment options such as precious metals and discussed concerns about meme stocks and abusive short selling. David Wright emphasized the preference for dividend-oriented investments for retired clients and expressed apprehension about the economic landscape. The conversation ended with discussions about where to find David Wright’s services and a friendly exchange of appreciation between the speakers.

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The Future of AirBnB Investments with Brian Boyd

from Kerry Lutz's Financial Survival Network

In this meeting, Kerry interviews Brian Boyd about the potential of real estate investing and Airbnb opportunities. Boyd emphasizes the possibility of replacing a nine-to-five income through real estate investments and provides examples of how properties can generate substantial income, particularly in locations like Nashville and Gatlinburg. They discuss Airbnb investment strategies and rental arbitrage, emphasizing the importance of avoiding overbuying and focusing on smaller properties that can generate consistent income. Boyd provides a comprehensive overview of real estate market growth, focusing on areas such as Montana, the western U.S., Tennessee, Texas, Florida, South Carolina, North Carolina, California, New York, and Michigan. They also touch on the impact of COVID-19 on market saturation and regulatory changes.

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De-Globalization and its Impact On China with Wolf Richter

from Kerry Lutz's Financial Survival Network

Kerry and Wolf Richter discussed various topics related to the evolving landscape of different industries. They analyzed the challenges faced by office buildings in major cities due to remote work and the potential for repurposing suburban office buildings into residential developments. They also explored the impact of de-globalization on intellectual property concerns and the challenges faced by manufacturers operating in China. Additionally, they discussed the resilience of electric vehicle sales and the evolving landscape of the automotive industry. Furthermore, the speakers emphasized the potential benefits for utilities from the increasing adoption of EVs and the role of battery installations in managing electricity demand and supply. They also expressed concerns about the energy consumption of AI data centers and the implications for the electrical grid. Overall, the discussion highlighted the complex and far-reaching implications of technological advancements and societal changes on various sectors of the economy.

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It’s a Giant S*** Sandwich and We’re Going to Be Living On It with John Rubino

from Kerry Lutz's Financial Survival Network

Kerry and John Rubino discussed various indicators pointing towards an economic slowdown, attributing it to factors like higher interest rates and government interventions through liquidity injections. They also touched upon the upcoming election and its potential influence on the economic narrative. The speakers expressed differing views on whether the current trend in the gold and silver market represents a temporary correction or a continuation of the bull market. The conversation also explored the multifaceted impact of current events on the political landscape, emphasizing the challenges faced by the Biden administration, such as inflation, border control issues, and escalating international conflicts. They highlighted the emergence of a paradigm shift towards government intervention and the implications for future political strategies. Additionally, the speakers engaged in a speculative conversation about the potential imprisonment of Trump, considering the implications and motivations behind such a scenario. Finally, they discussed the escalating tensions in Ukraine, expressing deep concern about the potential for World War III and analyzing the involvement of NATO and the US.

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Meet Me in Vegas at FreedomFest with Mark Skousen

from Kerry Lutz's Financial Survival Network

Kerry and Mark Skousen discuss the upcoming FreedomFest event in Las Vegas, highlighting the growing appeal of libertarianism and the shift away from traditional left-right politics. They emphasize the diverse lineup of keynote speakers, including Javier Miele, Ice-T, and Rob Snyder, and the various events and activities planned for the conference, such as the presidential debate and the Anthem Film Festival. The conversation also touches on Las Vegas as a libertarian paradise, discussing its evolution from a gambling-centric destination to a multifaceted hub of entertainment, museums, and events.

The discussion also delves into the stock market’s performance, emphasizing the influence of gridlock, tax cuts, and the Federal Reserve’s actions. They express apprehension about deficit spending and the potential for a boom-bust cycle due to a shift in monetary policy. Additionally, they highlight the upcoming financial conference’s focus on managing permanent inflation and the potential need for a return to a gold standard.

The conversation also touches on the government’s narrative regarding inflation and the upcoming FreedomFest event, with details on hotel arrangements and contact information for attendees. Overall, the meeting highlights the excitement and anticipation surrounding the upcoming FreedomFest event and the diverse range of topics and speakers that will be featured.

For the FSN community members who will be at Freedom Fest, email me at kl@kerrylutz.com and if we have enough people I will do a meetup with drinks and appetizers.

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Price Wars: How Target’s Strategies Are Shaping the Industry with Carl Gould

from Kerry Lutz's Financial Survival Network

Kerry and Carl Gould discussed the impact of Target’s recent price reductions on consumer behavior and the retail industry, as well as the potential implications for the economy and the upcoming election. They also highlighted the fragility of the supply chain due to shortages in the housing market and truck drivers, as well as incidents like the Suez Canal blockage and the drought at the Panama Canal. They suggested that small to mid-sized businesses may need to adapt by diversifying their sourcing to de-risk their supply chain. Finally, they explored the potential impact of AI and automation on various industries, including the challenges of autonomous driving in urban areas and the potential for job displacement.

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Market Shake-Up: From Soft Landing to Hard Truths! with Mindy McIntosh

from Kerry Lutz's Financial Survival Network

Kerry and Mindy McIntosh discussed the importance of a well-diversified investment strategy during periods of low volatility, and the impact of inflation and interest rates on consumer behavior, particularly in the housing and bond markets. They also addressed the shift in market sentiment from expectations of a soft landing and transitory inflation to a more permanent and impactful economic landscape, signaling the need for careful consideration of investment and retirement planning strategies. Mindy provided insights into the impact of interest rates, national debt, legislative risk, and taxation on retirement planning, while Kerry emphasized the importance of caution and personalized financial planning based on individual timelines and circumstances. They also discussed the need to anticipate and navigate potential economic changes, and the importance of diversification and income planning for seniors, particularly in the context of long-term care.

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Gwen Preston Joins West Red Lake Gold’s Top Tier Team as VP – Investor Relations

from Kerry Lutz's Financial Survival Network

We sat down with Gwen Preston, newly named VP of Investor Relations at West Red Lake Gold Mines (🇺🇸WRLGF — 🇨🇦WRLG), for a sponsor update. Formerly known as the Resource Maven, Gwen shared her decision to transition from a decade-long leading resource newsletter publisher to her recent appointment to the WRLG management team. After a visit to the Madsen mine, her reservations about the company quickly turned to extreme optimism . She witnessed firsthand CEO Shane Williams’s highly capable team and their efforts to correct and profit from Madsen’s past owner’s miscalculations.

The key is WLRG’s focus on the “golden runway” of production by mid-2025. 2024 will lay the ground work for the mid-2025 mine restart.

In a recent oversubscribed offering, WRLG raised C$33 million and now has the financial wherewithal to implement its plan. In addition, Gwen shared a big surprise, they found thousands of gold ounces hidden in the mill’s nooks and crannies, due to prior management’s practices. While the restart is priority one, WRLG continues its drill program and recent results have only reaffirmed their initial purchase decision. If drill results continue their trend, Madsen will be producing for many years ahead.

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(Disclaimer: West Red Lake Gold Mines has sponsored this video production. No questions were exchanged prior to the interview. The forward-looking statements in West Red Lake Gold Mines’ presentation apply to the content of this interview and write-up. The content on FinancialSurvivalNetwork.com (FSN) is for informational purposes only and should not be considered personal legal or investment advice, or a recommendation to buy or sell securities or any other products. It is based on opinions, SEC filings, current events, press releases, and interviews but may contain errors. FSN offers no inferred or explicit warranty regarding the accuracy of the information presented. Consult your investment advisor and do not base any investment decisions on the information contained herein or on FinancialSurvivalNetwork.com. We may hold equity positions in some of the companies featured on this site. FSN disclaims any responsibility for the content of any linked website. Use any information on FinancialSurvivalNetwork.com at your own risk. By reading this disclaimer, you agree to hold FSN harmless for any losses you may incur.)

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Saudi Arabia Ends 50-Year Petrodollar Deal with U.S.: Why is it a Big News?

by Mohammad Haris
News 18

In a significant geopolitical shift, Saudi Arabia has decided to terminate its 50-year-old petrodollar agreement with the United States. According to media reports, the deal, signed on June 8, 1974, expired on June 9 and the Middle East country has now decided not to renew it.

It marks a historic turn in the economic and diplomatic relations between the two nations, which have long been anchored by their oil-for-dollars pact.

The term ‘petrodollar’ denotes the use of the US dollar as the currency for global crude oil transactions. The petrodollar system came about in the aftermath of the US going off the gold standard.

What is the Latest Issue?

Saudi Arabia has decided not to renew its long-standing agreement with the United States, under which the Kingdom would sell its oil exclusively in US dollars. This arrangement, known as the petrodollar system, has been a cornerstone of the global oil market and the US dollar’s dominance in international trade.

Continue Reading at News18.com…

Dollar Dying, Russian Missiles Here, Covid-19 Vaccine – Not!

by Greg Hunter
USA Watchdog

This past week, the so-called petrodollar officially died. What does this mean to Americans? The petrodollar ending will affect everything from interest rates and inflation to solvency of the Treasury market, and it can even affect whether the US survives as a country. In short, the US dollar is dying, and that death just got kicked into overdrive. Now that Saudi Arabia will accept many currencies for its oil, the world does not have to hold dollars. Get ready for hard times as all these useless dollars find their way back to America. When you have a lot of something, the price goes down. The dollar will survive, but the buying power of it won’t be anything like it is today.

A few weeks ago, the Biden Administration started supplying missiles to Ukraine and gave the evil regime their permission to start shooting them into Russia. What could go wrong with that hairbrained decision? How about Russia is now sending nuclear armed subs and stealth submersible craft to patrol the US coastline. How long will Russia allow the US to shoot missiles into Russia before it shoots a few into the US? If a nuke hits Saint Louis, there will be no Republicans and Democrats anymore. It will be just “We the People” sinking in the same boat. Call your Congressman and Senator and ask them if they have lost their minds to be pulling this reckless stunt with Russia, a hypersonic nuclear armed country. Really—call them.

Continue Reading at USAWatchdog.com…

With a Government Lying This Much Who Needs Enemies?

The BLS turns in a whopper, continuing the steady stream of fraudulent economic statistics we been gaslit with of late. Oh, and Saudi Arabia is frowning at the Kissinger era petrodollar agreement…so the US has offered a binding treaty to come to their aid if they are attacked. Wait…I thought the US didn’t need anybody’s oil anmore?

by Dr. Chris Martenson
Chris Martenson’s Peak Prosperity

In a pretty stunning turn of events, the labor lies of the Biden administration finally became too much for Jerome Powell of the Federal Reserve to bear.

So he said this:

[…] “There is an argument that payrolls may be a bit overstated” is a very carefully crafted bureaucratic sentence that translates to “Liar, liar pants on fire!”

We’ve been covering this parade of fibs for many months now by observing that each month is a fantastic beat to the upside for jobs that will be quietly revised downward in later months. How much? An average of 60,000 jobs per month over the past 12 months – a nearly flawless record of BLS failure.

And, the lies don’t begin or end with the McJobs report, but extend to all sorts of goobermint [sic] statistics, especially inflation.

Continue Reading at PeakProsperity.com…

Grant: Rates Are Going Much Higher. Is He Right?

from Zero Hedge

Authored by Lance Roberts via RealInvestmentAdvice.com,

Recently, James Grant, editor of the Interest Rate Observer, was asked about his outlook for interest rates. He sees interest rates moving in a cyclical pattern, potentially rising for another multi-decade period. Grant bases his view on historical observations rather than a mystical belief in cycles. He states that finance has shown a cyclical nature, moving from extremes of euphoria to revulsion in various asset classes. Therefore, he proposes that persistent inflation, increased military spending, and significant fiscal deficits could drive rates higher. The Fed’s target of a 2% inflation rate and the electorate’s preference for policies that lead to inflation also contribute to this trend.

Continue Reading at ZeroHedge.com…

Gold and Silver’s Physical Drivers

by Alasdair MacLeod
Gold Money

Gold and silver steadied this week, at the lower end of their current trading ranges. In European trade this morning, gold was $2317, up $22, while silver was $29.07, down 8 cents. Comex volumes in gold were low, while silver’s were high.

The trading dynamics in the two metals are dissimilar, as our next two charts show:

[…] Note the divergence between gold’s Open Interest and the price, and how it contrasts with silver, where open interest and the price correlate as one normally expects in a bull market. In other words, the gold price has been rising without an increase in buying interest, while in silver a more normal relationship exists between rising prices and buying interest.

Continue Reading at GoldMoney.com…

Fed Liabilities Under QT Drop $1.71 Trillion, to $7.22 Trillion: Reserves, ON RRPs, Currency, TGA, Foreign Official RRPs

by Wolf Richter
Wolf Street

The liquidity drain of Quantitative Tightening has come entirely from ON RRPs. Reserves have lots of liquidity left to drain.

Total liabilities on the Fed’s balance sheet have dropped by $1.71 trillion since the end of QE in April 2022, to $7.22 trillion, the lowest since December 2020, according to the Fed’s weekly balance sheet today. The liabilities have dropped as a result of QT, in lockstep with the Fed’s assets, which have also dropped by $1.71 trillion over the same period.

There are five big liabilities. Two of them – “reserves” and “ON RRPs” – are hotly discussed by Powell and Fed governors, and by everyone on Wall Street, because they represent liquidity in the financial system that is now getting drained by QT:

Continue Reading at WolfStreet.com…

Sick of and Done With

by James Howard Kunstler
Kunstler.com

“Biden is not well. Everyone knows this even those who support him…the difference is they don’t care and that’s the most frightening aspect of this situation.” — Edward Dowd

They’re kidding, right? That “Joe Biden” is capable of being president? Not just for another four-year term, but right here and now? This has got to be the most pitiful case of national gaslighting since 218-AD when the Romans installed 14-year-old Heliogabalus to front for their empire. Like “JB,” he reigned for four years (before the praetorian guard offed him). The Danish historian of ancient Rome, Barthold Niebuhr, said of him: “. . . [He] had nothing at all to make up for his vices, which are of such a kind that it is too disgusting even to allude to them.”

Lately, even the news media has begun to report “Joe Biden’s” senile mishaps. On Thursday at an outdoor photo op during the G7 meet-up in Italy, the ol’ dawg just wandered off from the assembled pack of world leaders until Italy’s PM Giorgia Meloni went and reeled him back in.

Continue Reading at Kunstler.com…

The Real Story Behind the Fed’s “Soft Landing” Narrative

by Ryan McMaken
Mises.org

The Federal Reserve’s Federal Open Market Committee (FOMC) yesterday left the target policy interest rate (the federal funds rate) unchanged at 5.5 percent. The target rate has now been flat at 5.5 percent since July of 2023—as the Fed waits and hopes that everything will turn out fine. In his prepared remarks at Wednesday’s FOMC press conference, Powell continued with the soothing message he has generally employed at these press conferences over the past year. The general message has been one of moderate but sustained growth, and an economy marked by “strong” employment trends and moderating inflation.

Powell then combined this view of the economy with a general narrative on Fed policy in which the FOMC will hold steady until the committee believes that inflation is returning to the “long-run target of two-percent inflation.” Once the Fed is “confident” that the target inflation level has been secured, then the Fed will begin cutting the target interest rate, and this will then send the economy back into another expansion phase.

Continue Reading at Mises.org…

Doug Casey on How the Climate Hysteria is Lowering Your Standard of Living

by Doug Casey
International Man

International Man: The carbon hysteria extends far beyond oil and gas companies.

One overlooked area is household appliances.

Politicians are implementing increasingly stringent regulations for dishwashers, washing machines, and other appliances. There have even been reports of a desire to phase out gas stoves.

What’s your take on all of this?

Doug Casey: As Der Schwabenklaus of the World Economic Forum boldly said some years ago, “You’ll own nothing and be happy.”

Continue Reading at InternationalMan.com…

Hunter Biden is Guilty, but Who Cares?

by Sean Ring
Daily Reckoning

I admit, I wasn’t fussed about the whole Hunter Biden conviction. But I couldn’t understand why. I mean, they finally got a Democrat on something.

But Hunter Biden is such a dirtbag; gun charges don’t do him justice.

No, this isn’t the same as getting Al Capone on tax evasion. It’s more like getting Lex Luthor on a jaywalking charge.

Let’s not mince words. Hunter is a crackhead who shagged his dead brother’s wife. That may be immoral and unethical, but it’s not illegal. Ok, smoking crack is illegal, but being a crackhead isn’t. It’s a slight distinction, all the same.

Continue Reading at DailyReckoning.com…

Alex Jones to Learn Fate of His Infowars Media Platform

by Simon Kent
Breitbart.com

Radio host Alex Jones stands on the brink of losing his Infowars media platform as a federal bankruptcy judge is set to rule Friday on whether to liquidate his assets to help pay the $1.5 billion he owes for his false claims about the Sandy Hook Elementary School shooting.

A hearing is scheduled for the U.S. Bankruptcy Court in Houston to decide the fate of the outlet he turned into a multimillion-dollar moneymaker over the past 25 years, AP reports.

AP details Jones has been telling his web viewers and radio listeners that Infowars’ parent company, Free Speech Systems, is on the verge of being shuttered because of the bankruptcy.

Continue Reading at Breitbart.com…

Bitcoin is ‘Resistance Money’

by Joakim Book
The American Institute for Economic Research

Bitcoin looks different to everyone observing it, a modern parable of the blind men and the elephant.

To economists, it looks like inferior money since it doesn’t have a supply response.

To regulators, it looks like sneaky attempts to launder money and evade taxes.

To the wider public, it looks something like the hideous offspring of financial speculators and technobabbling preppers. Most people therefore ignore it.

With Resistance Money: A Philosophical Case for Bitcoin by Andrew Bailey, Bradley Rettler, and Craig Warmke, the philosophers have entered the arena. The trio, professors at Yale-NUS, the University of Wyoming, and Northern Illinois University, considers nothing more important than bitcoin and have consequently wound down all their other research agendas. After a few early papers and research reports (here, here, and here) — including, for disclosure, an AIER workshop sponsored by the Bitcoin Policy Institute — a book was inevitable.

Continue Reading at AIER.org…

Trump’s Tax Plans: Good, Bad, Ugly?

Plus: Trump endorses Larry Hogan, violent crime decreases, and more…

by Robby Soave
Reason.com

Donald Trump wants to cut taxes if he gets a second term. On Thursday, the former president told a group of influential business leaders—Apple’s Tim Cook and JPMorgan Chase’s Jamie Dimon among them—that he supports reducing the corporate income tax from 21 percent to 20 percent. He prefers a “round number,” according to The New York Times.

While that may not seem like a massive difference, it is quite a contrast with President Joe Biden’s tax policy. The 2017 corporate tax cuts are set to expire in 2025, at which point the tax rate would revert to 35 percent. Biden has proposed a corporate tax rate of 28 percent.

Trump’s relationship with business leaders has not always been positive. Many of the gathered CEOs—who met with Trump during a meeting of the Business Roundtable in Washington, D.C., on Thursday—had denounced him in the wake of the Capitol riot. But according to the Times, Trump largely succeeded in reassuring them that he would pursue pro-growth policies.

Continue Reading at Reason.com…

The Train Has Left the Station and No One Can Stop It

by Dr. Paul Craig Roberts
PaulCraigRoberts.org

These are the words of Serbia’s President Aleksander Vucic. He ought to know. He is in the middle of it. He thinks Europe will be at war with Russia in “not more than three or four months,” if that long.

President Vucic says “no one is attempting to stop the war. Nobody is speaking about peace. Peace is almost a forbidden word.” https://halturnerradioshow.com/index.php/news-selections/world-news/president-of-serbia-we-will-have-world-war-within-3-to-4-months Scroll down to the 5 minute video.

Hungarian leader Viktor Orban has a similar view as does Slovakian president Robert Fico, who survived a recent assassination attempt.

In Western Europe, UK, and Washington everyone is talking about wider war with long range missiles used for attacks deep into Russia. Such attacks cannot revive the defeated Ukrainian military. Their purpose seems to be to provoke Russia into a retaliation that Washington can use to widen the war.

Continue Reading at PaulCraigRoberts.org…