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Trudeau is Trump’s LapDog or Some Would Say B*tch with John Rubino

from Kerry Lutz's Financial Survival Network

Kerry Lutz and John Rubino break down the implications of the recent election, reflecting on the peaceful aftermath and exploring the potential for transformative policies under Trump’s leadership. They delve into critical issues such as government inefficiency, corporate welfare reform, and the looming financial crisis fueled by unsustainable debt levels. Rubino emphasizes the importance of Trump’s approach to addressing these challenges, including the possibility of a currency reset or a return to the gold standard as solutions to stabilize the economy.

The conversation also tackles the U.S. healthcare system, with Rubino critiquing the food and pharmaceutical industries for contributing to poor health outcomes and advocating for science-backed solutions to address rising health concerns. Both speakers underscore the importance of preventive healthcare and nutrition education to reduce costs and improve public health.

Shifting to social media, they discuss Elon Musk’s influence on Twitter’s ideological balance and the emergence of Blue Sky amidst growing concerns about censorship. They explore how Trump’s political strategies might influence social media moderation and policy implementation, such as reviving the impoundment power to control federal spending selectively.

The discussion concludes with an exploration of Trump’s monetary strategies, suggesting a shift to stabilize the dollar and reduce its weaponization. Lutz also announces his forthcoming book featuring Martin Armstrong’s economic insights and highlights their platform’s ambitious growth plans.

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Path to Profitable Property Investing with Jefferson Calloway

from Kerry Lutz's Financial Survival Network

Jefferson Calloway shared his journey in real estate investing, highlighting his initial accidental purchase of a rental property and his current average cash flow of $4,000 per month from his portfolio. He has shifted from single-family homes to multifamily properties, emphasizing the advantages of lower maintenance costs and reduced risk. His investment strategy involves creative financing and a strong focus on cash flow analysis. Additionally, Jefferson recommended house hacking as a viable option for new investors to lower living expenses while generating income.

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AI, Aviation, and Franchising with Cliff Nonnenmacher

from Kerry Lutz's Financial Survival Network

Cliff Nonnenmacher shared his entrepreneurial journey, detailing his transition from managing a portfolio at Morgan Stanley to investing in a remanufacturing company for toner cartridges. He discussed his experiences in franchising, scaling 36 units, and focusing on turning around failing businesses in Florida, highlighting the importance of discipline and due diligence in investing. Cliff now runs a consulting firm, Frenocity, to assist investors in navigating franchise opportunities, while also criticizing corporate culture and diversity initiatives for contributing to workforce dissatisfaction.

The discussion then focused on the significance of experience and training in aviation, with Cliff using the example of successful emergency landings to emphasize the need for reliable metrics. Kerry Lutz supported this by referencing a seasoned pilot, discussing the evolution of training quality. They agreed on the importance of learning from past experiences to achieve success across various fields, including franchising. Cliff outlined essential considerations for potential franchisees, such as proof of concept and alignment with personal skills.

Cliff expressed concerns about the impact of artificial intelligence on industries like accounting and legal services, predicting challenges for businesses relying on third-party call centers. He advocated for local home service providers as stable investments and shared a personal success story involving AI in a legal process. Kerry discussed his transition to using AI tools for podcast production, highlighting the cost efficiency and productivity benefits, while both acknowledged the transformative potential of AI in their respective fields.

The conversation also covered societal issues, including the lack of practical skills among young people and the need for vocational education. Cliff and Kerry identified four key investment categories, including physical trades and the aging population, and discussed the biohacking industry. Cliff provided insights into his client demographics, emphasizing the financial capacity of clients looking to invest in franchises.

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Income Independence Coaching with Steve Selengut

from Kerry Lutz's Financial Survival Network

Kerry Lutz and Steve Selengut discussed income independence coaching, emphasizing the importance of minimizing financial risk and diversifying investments. Steve outlined his investment philosophy, advocating for a portfolio strategy that includes high-quality investments and active management to capitalize on profit opportunities. He provided insights into closed-end funds, highlighting their income-generating potential, typical distribution rates around 10%, and the necessity for thorough research. Steve clarified the significance of purchasing funds at a discount, which varies based on market conditions, and likened his investment approach to managing a department store, where he actively adjusts positions based on performance. He targeted a 10% annual gain through capital gains and income distributions, stressing the importance of income during market downturns and the benefits of holding income-producing securities in a Roth IRA for tax-free growth.

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Bitcoin’s Path to $100,000 with Dan Novaes

from Kerry Lutz's Financial Survival Network

Dan Novaes, CEO of Mode Mobile, expressed a positive forecast for Bitcoin, predicting it could reach $100K by year-end due to strong market trends and institutional interest, despite current retracement. He emphasized Ethereum’s importance in the crypto ecosystem, noting its role in powering stablecoins and its growth potential as market liquidity increases. The need for regulatory clarity in the U.S. was highlighted to create a safer investment environment and address scams. Kerry Lutz and Dan discussed the complexities of cryptocurrency ownership, particularly the issue of lost Bitcoin from forgotten keys, and the growth potential among younger generations. They also examined the influence of institutional interest and options trading on the market, considering the possibility of price manipulation and the U.S. government’s impact through significant purchases.

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“Deaths at Davos” & the W.E.F with Dr. Thierry Malleret

from Kerry Lutz's Financial Survival Network

Kerry hosted Dr. Thierry Malleret to discuss his novel “Deaths at Davos,” a geopolitical thriller that explores themes of geopolitical risk and environmental sustainability through the lens of a fictional Ukrainian protagonist promoting her Reconstruct Ukraine fund at the World Economic Forum. Malleret clarified that while the book draws inspiration from his experiences at the Forum, it does not directly represent it and addressed conspiracy theories by emphasizing the Forum’s role as a networking hub for global leaders rather than a site for secretive decision-making. The conversation shifted to the art of storytelling, with both Lutz and Malleret highlighting its importance in human nature and investment contexts, while also noting the challenges authors face in gaining recognition.

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Bitcoin Halving Powers Market Surge with Lark Davis

from Kerry Lutz's Financial Survival Network

Kerry and Lark Davis discussed the recent surge in Bitcoin’s price, which reached a new record of $85,000, attributing this increase to the Bitcoin halving that has reduced miner production and created a supply-demand imbalance, alongside significant purchases by Wall Street. They emphasized the emotional nature of Bitcoin trading, advising investors to act swiftly during market peaks while noting that buying during bear markets is more forgiving. The conversation also highlighted the cryptocurrency market’s over 100% growth year-to-date, with a shift in interest towards newer coins and meme coins, despite the majority being scams. Lark suggested that altcoins, particularly Ethereum, may outperform Bitcoin as it approaches higher price levels, and he recommended a cautious approach to investing in meme coins. Additionally, they noted the rapid corporate adoption of cryptocurrency, with examples like Sony’s crypto chain and BlackRock’s asset tokenization interest, and discussed the potential for major companies to issue their own coins, indicating a growing recognition of cryptocurrency as a serious investment asset class. Overall, both speakers expressed optimism about the future developments in the cryptocurrency space.

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Dolly Varden Finds High-Grade Gold/Silver at Homestake with CEO Shawn Khunkhun

from Kerry Lutz's Financial Survival Network

We talked with show sponsor Shawn Khunkhun, CEO of Dolly Varden Silver (🇺🇸DOLLF — 🇨🇦DV), about the company’s remarkable progress and the ongoing success of their exploration projects in British Columbia’s Golden Triangle. Khunkhun shares insights into Dolly Varden’s recent drilling results, which have consistently exceeded expectations and positioned the company as a leader in high-grade silver and silver-gold mineralization.

The discussion dives into Dolly Varden’s growth strategy, including the acquisition of the Homestake property and how this area has yielded some of the highest grades in the region, drawing comparisons to other successful mines like Newmont’s Brucejack.

The recent drill results have been exceptional, demonstrating both high-grade silver and gold mineralization. It found wide silver-rich intervals, with grades increasing at depth. Intercepts reached 1,000 grams per ton of silver. It found over an ounce per ton gold with multiple meter intervals suggesting high expansion potential. Khunkhun explains the challenges and excitement of setting high benchmarks each year, as Dolly Varden continues to unearth silver and gold deposits with increasing grade and continuity.

With C$34 million in the bank and impressive drilling results, Dolly Varden is fully funded for the upcoming exploration season.

We also reviewed the increasing demand for silver, fueled by its dual role as an industrial metal and a precious metal investment. Tight supply, declining production rates, and heightened interest from major investors, suggest a much high price is coming for silver.

As the silver market gains momentum, Khunkhun shares his belief in the potential for triple-digit silver prices, driven by increased demand in areas like solar technology and electric vehicles. With half of their drill results yet to be published, Dolly Varden’s future looks bright, as the company continues to uncover rich silver and gold resources, positioning itself as a major score to investors.

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Exclusive Post-Election Forecast with Martin Armstrong

from Kerry Lutz's Financial Survival Network

The 2024 election has ended with Trump winning decisively, and now Kerry and Martin Armstrong reflect on the implications of this outcome. Armstrong, who had previously predicted Trump’s victory based on economic trends, discusses the left’s response, marked by disbelief and protests. He also analyzes how political infighting and criminal charges against Trump backfired, leading to a stronger position for him and the Republican platform. Armstrong highlights that Trump’s return will likely bring immediate changes, including swift policy reversals in foreign and domestic agendas, particularly around immigration, economic reforms, and an emphasis on de-escalating overseas conflicts. The conversation extends to the international stage, with Armstrong noting the shift in global sentiment against long-standing Western policies, particularly NATO’s role in global conflicts. Armstrong predicts that neoconservatives may attempt to counter Trump’s agenda, especially his desire to end U.S. involvement in international wars. He foresees challenges in reining in national debt and suggests a shift toward tariffs and less borrowing. Armstrong emphasizes the potential for a major economic reset as the public turns away from “socialist” and “neo-Marxist” influences, with the decline of these ideologies expected to complete around 2037.

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Bond Market Zombies with Michael Pento

from Kerry Lutz's Financial Survival Network

In this video, Kerry and Michael Pento delve into the pressing economic issues facing the U.S., covering everything from inflation to government spending. They break down how persistent inflation, a lack of liquidity in the bond market, and unchecked government spending are creating a potentially explosive financial situation. Pento criticizes the Federal Reserve’s recent rate cuts despite high inflation, suggesting this decision favors Treasury solvency over middle-class stability. He warns that ongoing spending, regardless of political leadership, could lead to a bond market crisis and rising interest rates. The conversation also highlights concerns about manipulated economic data and the vulnerability of the middle class, where wealth concentration in the top quintile could spark social unrest. Pento and Lutz discuss the broader impact of government policies, touching on controversial topics like potential food bans and Big Pharma’s influence on public health. They advocate for a return to the gold standard as a way to stabilize the economy and emphasize that true growth comes from productivity and innovation, not artificial interventions. The speakers conclude with a call to reduce the Federal Reserve’s control over the economy, proposing a shift toward market-driven authority to promote genuine economic freedom. This engaging discussion underlines the urgent need for reform to safeguard the financial well-being of the country.

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They Have to Get This Right for America to Have a Real Chance

by James Hickman
Schiff Sovereign

On November 20, 1945, an international tribunal first convened in the Bavarian city of Nuremberg to prosecute key leaders of Nazi Germany for crimes against humanity.

The Nuremberg Trials were a key aspect of holding individuals accountable for the brutal acts and genocide committed under Nazi rule.

High-ranking officials, including Hermann Göring and Rudolf Hess, faced charges, and they tended to grab most of the headlines.

But plenty of lower ranking officers, and even doctors, faced trial as well. Naturally they tried to defend themselves by claiming they were “only following orders”.

But the Nuremberg Trials established a clear precedent that moral responsibility falls on the individual who committed the crime. “Only following orders” is simply not a valid justification for blatant wrongdoing.

Continue Reading at SchiffSovereign.com…

Gold Little Changed On the Week, Silver Nudges Higher

by Alasdair MacLeod
Gold Money

There is an underlying firmness in precious metals prices as we approach the year-end. The downside now appears limited with next year looking bullish.

[…] Gold consolidated in a narrow trading range this week, while silver gained some ground. In early morning European trade, gold was $2642, $3 up on balance from last Friday’s close, and silver was $31.30, up 81 cents on the same timescale. Comex futures trading was light, as the following screenshots show for gold and silver respectively:

[…] These declining volumes indicate is that selling pressure is light, which coupled with the substantial decline in gold’s Open Interest confirms that gold is in oversold territory:

Continue Reading at GoldMoney.com…

Jobs Report?

by Karl Denninger
Market-Ticker.org

Uh, what jobs?

Total nonfarm payroll employment rose by 227,000 in November, and the unemployment rate changed little at 4.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment trended up in health care, leisure and hospitality, government, and social assistance. Retail trade lost jobs.

Uh huh.

Health “care” continues its march of +54,000, but how many are doctors and nurses? Ah, you already know that. All draw a check however, so that’s “good.”

Leisure and hospitality hired, which is interesting too given some of the internals. We’ll get to that in a minute.

Retail trade, on the other hand, was down.

Continue Reading at Market-Ticker.org…

Insurance the #1 Consumer Fraud in America

by Martin Armstrong
Armstrong Economics

QUESTION: Why have you not commented on the killing of Thompson in NYC?

ANSWER: I don’t know what you want me to say. I think this was inevitable, as insurance companies are the #1 consumer fraud rip-off of Americans every day of their existence, and they grease the palms of politicians to be exempt from consumer fraud. I have NEVER had any insurance company EVER honor what they pretend. I was self-insured here for the storm. A guy a couple of doors from me was paying $40,000 yearly for insurance, and they denied all his claims. He will no longer buy insurance. One of my staff had her car parked, and a drunk guy slammed into it, totaling the parked car. Her insurance company said he had to be paid by the other one, over a year and no payment. My mother’s house had a pipe freeze. They sent investigators asking neighbors if she was there because she went to stay at my sister’s. They have a clause that if you are not there, they will not pay. That cost me $50,000 to fix her home. In a storm, the top of the tree broke and lunged into a brand new Porsche, maybe 2 weeks old. I sent it to the Porsche dealer, who sent it to Bordentown Autobody, which burned down with my car inside. Allstate said it was two deductibles.

Continue Reading at ArmstrongEconomics.com…

Not a Joke

“Stare into the sun and begin to glimpse the size of what you’re up against.” — Mike Benz

by James Howard Kunstler
Kunstler.com

The Hunter Biden super-sized blanket pardon went over so well around the country that “Joe Biden” — or the shadowy league of not-quite-geniuses who run the twilight White House operation — floated the idea of issuing preemptive pardons for a few of the most spectacularly dishonest characters in US political life: Dr. Fauci, Senator-elect Adam Schiff, and Liz Cheney. Does “JB” plan on legally adopting them so he can claim he was moved to act out of a father’s love?

Like every official act ever associated with the name “Joe Biden,” the preemptive pardon idea has that reality-optional feel. None of the three has been convicted of a crime to be pardoned for, or even been hauled-in for questioning by federal law enforcement agents on a probable cause writ. But a pardon would necessarily paint them as criminals, ipso facto. Would they accept a pardon, with what it implies, or run shrieking from it as from an apple polished with novichok?

Continue Reading at Kunstler.com…

Central Bank Gold Buying Surged in October

by Mike Maharrey
GoldSeek

After rebounding in September, central bank gold buying surged in October, doubling the 12-month average.

Central banks added a net 60 tonnes of gold to reserves in October, the highest monthly total year-to-date, according to data collected by the World Gold Council. That pushed official central bank gold buying to 754 tons for the year after a record third quarter.

It is likely central banks have added even more gold that hasn’t been reported. For instance, the People’s Bank of China secretly purchased 60 tonnes of gold.

India was the biggest official gold buyer in October, adding 27 tonnes of gold to its reserves. That brings its total 2024 purchases to 77 tonnes.

Continue Reading at GoldSeek.com…

Despite More Than 1600 Tech Scientists Signing a Letter Calling Crypto a Sham, Trump Names a Crypto Cheerleader for SEC Chair

by Pam Martens and Russ Martens
Wall Street on Parade

Two years ago, more than 1,600 computer scientists, software engineers and technologists from around the world sent a letter to U.S. Senate and House Committee Chairs, Ranking Members, and Congressional leaders.

There were 45 signatories that were employed at Google at the time; 19 who worked at Microsoft; 11 employed at Apple. There were signatories that are Ph.Ds from the most prestigious universities in the world, including the University of Oxford and MIT. And all 1,600 signed a letter that says this about crypto and blockchain:

“We strongly disagree with the narrative—peddled by those with a financial stake in the crypto-asset industry—that these technologies represent a positive financial innovation and are in any way suited to solving the financial problems facing ordinary Americans…

Continue Reading at WallStreetOnParade.com…

Fed Balance Sheet QT: -$98 Billion in November, -$2.07 Trillion From Peak, to $6.90 Trillion, Lowest Since May 2020

by Wolf Richter
Wolf Street

Quantitative Tightening shed 43% of the assets the Fed had added during pandemic QE. Bank-panic facility BTFP is vanishing.

Total assets on the Fed’s balance sheet dropped by $98 billion in November, to $6.896 trillion, the lowest since May 2020, according to the Fed’s weekly balance sheet today.

One of the big drivers of the $98 billion drop in November was the bank panic facility BTFP, cobbled together over the weekend in March 2023 to deal with the fallout from the SVB collapse. It dropped by $39 billion in November, is down by 77% from the peak, and will be zero no later than March 11, 2025.

Continue Reading at WolfStreet.com…

GOP Senators Who Could Block Tulsi Gabbard’s Confirmation Took Huge Checks From Defense Industry

by Adam Pack
DailyCaller.com

Senate GOP hawks who receive large sums from the defense industry could be mobilizing to tank one of President-elect Donald Trump’s national security nominees.

Former Democratic Hawaii Rep. Tulsi Gabbard, nominated by Trump to helm the Office of the Director of National Intelligence, could face opposition from Senate Republicans with hawkish views on national security over her beliefs on Ukraine and government surveillance powers. Though a considerable number of Trump-aligned senators have endorsed Gabbard, citing her decades-long military service and commitment to reforming the country’s intelligence agencies that have been frequently weaponized against the president-elect, GOP senators whose national security views appear to sharply diverge from Gabbard’s have mostly refrained from supporting her nomination.

Continue Reading at DailyCaller.com…

Biden Limps Out of Office Ranked as Worst Modern President

by John Nolte
Breitbart.com

With only a little over 40 days left of his disastrous presidency, Joe Biden will stumble out of office ranked by voters as our worst modern president.

His obscene pardon of his criminal son Hunter did not help his standing.

J.L. Partners polled 1,006 registered voters and asked them to rank Biden and every other president reaching back to Richard M. Nixon.

Biden scored lower than Nixon.

[…] “Some 44 percent placed [Biden] as one of the worst two, while only 14 percent placed him in the top two, giving him a net score of 30 points underwater,” reports the Daily Mail. “That was worse than Nixon, who came out with negative 25, and Donald Trump, with negative 15.”

Continue Reading at Breitbart.com…

Trump vs. Cleveland: A Tale of Two Tariff Strategies

Grover Cleveland fought high tariffs as a “communism of pelf.” Trump embraces them as an economic cornerstone.

by Matthew Rozsa
Reason.com

Donald Trump will soon become the second president to serve non-consecutive terms. Naturally, this invites comparison between Trump and the first president to serve non-consecutive terms, Grover Cleveland. In one crucial respect that juxtaposition is both instructive and cruelly ironic.

Trump has made raising tariffs a centerpiece of his economic agenda. Cleveland, by contrast, devoted his career to warning that high tariffs bring a specific and dangerous type of communism to America—a communism of pelf.

“Pelf” is a term for money acquired in a dishonest or dishonorable way, and while it may seem anachronistic, it is the perfect word to capture Cleveland’s ideas. As he explained in a frustrated 1894 letter to Mississippi Rep. Thomas Catchings, “The trusts and combinations—the communism of pelf—whose machinations have prevented us from reaching the success we deserved, should not be forgotten nor forgiven.” Yet his most consequential statement on tariff reform was a State of the Union message submitted to Congress on Dec. 6, 1887—exactly 137 years from the date of this article’s publication.

Continue Reading at Reason.com…

Obama Crawls Out of the Woodwork, Blows Dog Whistle to Leftists to Disrupt Trump’s Presidency

by Monica Showalter
American Thinker

After Kamala Harris’s humiliating loss to President Trump, President Obama, who was a ringleader of the not-so-democratic plot to oust Joe Biden leading to his replacement by Harris, has been laying low.

Until now.

He’s come out of the woodwork to project Democrat riggings onto Republicans, and to repeat the old tropes already rejected by the voters about Trump being a “threat” to “democracy.”

Looking a little demonic, Obama threw this out in a speech to his Obama Foundation supporters:

Continue Reading at AmericanThinker.com…

Obama Suddenly Concerned About Election Rigging, Weaponizing Justice

Projection

by Steve Watson
Modernity News

Barack Obama suggested during a speech Thursday that Republicans are the ones weaponising the justice system against their political enemies, and that Americans should be concerned about elections being rigged.

The remarks, made during an appearance at the ‘Democracy Forum’, had many noting how hypocritical the Democrats are, after years of stating that concerns of election rigging constitute ‘disinformation’, as well as actively sicking the Department of Justice on president Trump.

“Since total victory is impossible in a country politically split down the middle, the result is a doom loop of government gridlock, even greater polarization, wilder rhetoric, and a deepening conviction among partisans that the other side is breaking the rules and has rigged the game to tip it in their favor,” Obama stated.

Continue Reading at Modernity.News…

WEF Survey Shows That Business Leaders Are Deeply Concerned That a Global Recession is Coming

by Michael Snyder
The Economic Collapse Blog

Are you ready for economic conditions to get even worse in 2025? It would be difficult to find any economist that is willing to argue that global economic conditions are better in late 2024 than they were in late 2023. The Chinese economy is deeply struggling, Europe is a mess, and four years of Bidenomics have had an absolutely devastating impact here in the United States. Unfortunately, the outlook for 2025 is not good at all. In fact, a WEF survey that was just released discovered that global business leaders are very concerned that a global recession is approaching…

Business leaders globally are worried about the risk of recession, labour shortages and rising inflation, despite some signs of improvement in economic conditions, a World Economic Forum survey said on Thursday.

Continue Reading at TheEconomicCollapseBlog.com…

U.S. Opens a Third Front Against Russia

by Dr. Paul Craig Roberts
PaulCraigRoberts.org

The problem with President Putin is that he never finishes anything. He has let Russia’s conflict with Ukraine, which should have ended in three weeks go on for three years and talks about ending it with negotiations, in which he will again be deceived.

He does nothing while the US tries to overthrow the Georgian government and establish a hostile anti-Russian one.

He never finished clearing Syria of hostile forces. Consequently, he left Syria and Russian interests exposed to the current US/Israeli coordinated mercenary attack on Syria, which has overrun Aleppo, Syria’s second largest city, forcing 280,000 Syrians to flee. This is a massive defeat for Syria and Russia. How is it possible that such an obvious thrust was a surprise? Has the inability to perceive threats become a Russian hallmark?

Continue Reading at PaulCraigRoberts.org…