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2% Inflation, My Ass with Michael Pento

from Kerry Lutz's Financial Survival Network

Kerry and Michael Pento discussed various economic issues, including inflation, interest rates, and the stability of the US dollar. Pento expressed skepticism about the possibility of inflation going below 2% and argued that a recession or depression might be the only way to achieve that. He also highlighted the increasing strength of gold trading, with central bankers buying gold due to their lack of trust in the US dollar and bond market. The discussion also touched on the potential consequences of interest rate cuts, monetizing debt, and the challenges faced by households, corporations, and the government in handling current interest rates. Overall, the conversation emphasized the need for a viable and functioning middle class in the country.

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Dream Merger: X (Twitter) to Acquire Trump Media (DJTX) with John Rubino

from Kerry Lutz's Financial Survival Network

Kerry and John Rubino discussed a range of topics including the current state of the economy, the precious metals market, geopolitical tensions, the potential consequences of increasing interest rates on regional and community banks, the problem of squatters taking over homes, and the challenges of reaching a wider audience on digital platforms. They explored the impact of deficit spending, immigration, and the surge in tech stocks on the economy, while also expressing apprehension about potential terrorist threats and the role of the U.S. financial system in a failing global system. They also provided an in-depth analysis of the current state of the precious metals market, emphasizing the significant rise in gold and silver prices and the positive performance of junior and major miners.

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Libertarianism, Politics, Fear, and Healthcare Reform with Karl Denninger

from Kerry Lutz's Financial Survival Network

I have been a huge fan of Karl Denninger for nearly 15 years. I’ve wanted to get him on the show for the longest time and finally caught up with him. We discussed a range of topics, including the rise of libertarianism in Argentina, the impact of political leaders and their promises, and the role of fear in shaping human behavior. We also explored the influence of food on metabolism, the dissatisfaction with current political candidates, and the budgetary situation in the United States. The conversation highlighted the need for political change, the enforcement of laws related to illegal immigration and price fixing, and the need for cost reduction to enhance competitiveness and job creation in the US healthcare system. The discussion also touched on the potential consequences of electing certain leaders, the lack of fear of legal consequences and ethical implications in wiretapping activities, and the societal shift from previous decades. They emphasized the importance of upholding the rule of law and the role of the people in bringing about positive change. The conversation shed light on the significant interest payments made by the Treasury and the complexities of taxable treasury interest, as well as the monopolistic practices in the healthcare system and the need for reducing the overall cost of medical care. Overall, the meeting provided a thought-provoking exchange on a range of pressing issues.

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FPX Nickel Initiates Steps Advancing Baptiste Nickel Project with CEO Martin Turenne

from Kerry Lutz's Financial Survival Network

We sat down with Martin Turenne, CEO of FPX Nickel (🇺🇸FPOCF — 🇨🇦FPX) to discuss the company’s financial state and its numerous strategic advancements. FPX has an impressive cash hoard, recently increasing from $30 million to $45 million, leaving the company fully funded for the next 2 years. This is the result of transformative investments from large strategic corporate investors like Sumitomo Metal Mining, a Japanese leader. He also delves into FPX’s innovative and collaborative approach to develop the Baptiste nickel project in British Columbia.

Martin has been forming important partnerships with major entities like Sumitomo, JOGMEC (a Japanese Government entity) and Prime Planet Energy and Solutions (a joint venture of Toyota and Panasonic), showcasing FPX Nickel’s integration into the Japanese battery metals ecosystem. The cost of admission to this exclusive club is increasing, requiring equity investment at a substantial premium to market. He emphasizes the innovative nature of FPX’s mining projects, including exploiting novel Awaruite nickel deposits in Canada and eventually elsewhere. The company’s commitment to environmental stewardship is key to its collaborative community engagement.

The broader market dynamics of nickel and copper prices were covered, providing insights into the industry’s financial landscape. Martin made the case that the company’s superior financial position and prospectivity is not reflected in the company’s current market undervaluation. As things move ahead, he’s confident that this will change greatly.

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One Reason Why the Current Economic System is About to Die with Darryl Schoon

from Kerry Lutz's Financial Survival Network

Kerry and Darryl Schoon reflected on the 14-year journey of economic uncertainty, the struggles of central bankers to restore stability, and the impact of the COVID-19 pandemic on the global economy. They also discussed the potential implications for China’s economy, the psychology of market participants, and the role of gold as a barometer of systemic distress. The conversation then shifted to Bitcoin, with Lutz discussing the institutional adoption of the cryptocurrency and suggesting that institutions are being sold debt and IOUs. He expressed skepticism about the motives behind institutional investment in Bitcoin, portraying it as a way for the fast boys to profit at the expense of the slow boys. The meeting also covered the potential impact of AI, with participants expressing concerns about the environmental and societal implications of AI technology, as well as the ethical and philosophical aspects of AI development. They discussed the potential negative consequences of creating machines that mimic human actions and the dangers of creating machines that are similar to humans but lack the ability to make ethical decisions.

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Expert Insights into Baltimore Bridge Collapse’s Supply Chain Impact with Jason Nelson

from Kerry Lutz's Financial Survival Network

Kerry and Jason Nelson discussed the implications of the Francis Scott Key Bridge collapse on the supply chain, particularly the potential impact on the Port of Baltimore. They highlighted the immediate inflationary costs that consumers may face and the long-term effects on trade. Jason emphasized the significance of the Port of Baltimore as a key hub on the Eastern United States and provided expert insights into the potential reverberating impacts of the accident. The discussion also covered farming and food quality, advocating for regenerative farming and free-range cattle as essential for better food quality. The meeting concluded with information on how to connect with Jason “Storm” Nelson online.

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Gold and Silver Prices On the Rise: Brace for a Bullish Run! with Eric Hadik

from Kerry Lutz's Financial Survival Network

Eric Hadik and Kerry discuss the current conditions and future predictions for various key markets. Eric highlights the overbought state of the stock market and suggests a possible multi-month topping phase. They go onto an in-depth analysis of the gold and silver markets, forecasting a significant rise in gold prices towards record highs. The session also covers critical trends in interest rates, the oil market, and Bitcoin’s cycle progression. The conversation underlines the necessity of observing price action and specific sell signals to ascertain the peak and potential downturn in the markets. Moreover, the speakers debunk common misconceptions about the correlation between metal prices and stock market performance, with examples from the cryptocurrency sector. The meeting wraps up with the speakers providing their contact details and expressing appreciation to the attendees.

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2024 Nickel Market Deep-Dive with Experts Alex Laugharne and Martin Turenne (Hosted by Brian Leni)

from Mining Stock Education

Listen to a nickel market deep dive with experts Alex Laugharne of the CRU Group and Martin Turenne of FPX Nickel hosted by investor Brian Leni of JuniorStockReview.com. Topics covered in this MSE episode include Indonesia’s impact on global production, the variation across in pricing – labor, energy, etc, differentiating between “green” and “dirty” nickel, and their nickel price outlook for 2024.

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Unpacking Consumer Confidence: Tackling Market Bubbles and Warning Signals with Eddy Gifford

from Kerry Lutz's Financial Survival Network

Kerry Lutz and Eddy Gifford discussed the increase in consumer confidence, analyzing the present situation index and the expectations index. They expressed concerns about a potential market bubble and its impact on consumer confidence, while also discussing warning signals from the gold and Bitcoin markets. The possibility of a credit event and its potential impact on the banking sector was also discussed, with emphasis on the importance of risk management and having uncorrelated assets in investment portfolios. The potential impact of AI on the market was also explored, as well as the significance of commodities like gold and copper as indicators of inflation. The need for portfolio diversification, including the inclusion of commodities and cryptocurrencies, was emphasized, along with the evolving role of financial planners in recommending diverse investment strategies.

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Inflation Everywhere, War Everywhere

by Greg Hunter
USA Watchdog

The latest inflation numbers came in this week, and it says inflation is everywhere. Gasoline is up 6.3%, the Consumer Price Index is up 3.5%, rent, electricity, water and sewer are all up at least 5% and the Fed is realizing it is not cutting interest rates. Former Treasury Secretary Larry Summers says you might even get a rate increase. Bidenomics = inflation.

Where is the inflation coming from? War spending in the hundreds of billions of dollars in Ukraine and more being spent every day so we can have war everywhere. Then, there are the billions of bucks spent on taking care of illegal immigrants and poor Biden Administration policies that we would not have if he was not cheated in in 2020. Yes, I said Biden was cheated in, and the evidence is overwhelming and obvious. Let’s stop pretending Biden is legit. The cheating is why so many things are screwed up in the world, and they are doing it again, according to Tucker Carlson who summed it up perfectly and succinctly last week. Listen to this brilliant description of the nationwide cheating in 2024 for yourself, and you will agree.

Continue Reading at USAWatchdog.com…

The Final Nail in the Coffin of Synchronized Central Bank Actions

from Zero Hedge

By Elwin de Groot, head of macro strategy at Rabobank

As we head into the weekend and gold prices just reached their highest level ever and the euro has slipped below 1.07 for the first time since November last year (perhaps also as some market participants worry about an imminent attack on Israel by Iran or its proxies), we may conclude that this week has proved to be the final nail in the coffin of synchronized central bank policy actions.

Not so long ago ‘June’ appeared to be the month for the two major global central banks. But in the last few weeks the Fed got it’s ‘itchy fingers’ slapped by stronger-than-expected labor market and sticky (services) CPI data.

Continue Reading at ZeroHedge.com…

The Black Swan Rears Its Head: The Fed Has Negative Capital Using GAAP Accounting

by Pam Martens and Russ Martens
Wall Street on Parade

The Fed’s unprecedented experiments with years of ZIRP (Zero Interest Rate Policy) and QE (Quantitative Easing), where it bought up trillions of dollars of low-yielding U.S. Treasuries and agency Mortgage-Backed Securities (MBS) and quietly parked them on its balance sheet, are now posing a threat to the Fed’s flexibility in conducting monetary policy. (Since 2008, the Fed’s concept of conducting monetary policy has come to enshrine serial Wall Street mega bank bailouts as a regular part of its monetary policy. Large and growing cash losses at the Fed may seriously crimp such future bailouts.)

As of last Wednesday, according to Fed data, the Fed was sitting on $6.97 trillion of debt instruments it had predominantly purchased at very low fixed rates of interest. Because the interest rate (coupon) is fixed for these past purchases, when new bonds are issued in the marketplace at higher interest rates, they become more attractive and the current market value of the low-yielding fixed-rate bonds fall. U.S. Treasuries and agency MBS guarantee principal at maturity but if the securities have to be sold prior to maturity they will be sold at their current market value. This is what triggered the death spiral at Silicon Valley Bank in March of last year.

Continue Reading at WallStreetOnParade.com…

Inflation Lies & Monetary Madness

Dive into the world of economic truths with us on this week’s Finance University, as Paul and I unravel the deeper impact of inflation beyond the government’s portrayal.

by Dr. Chris Martenson
Chris Martenson’s Peak Prosperity

Welcome to this week’s Finance University episode.

This week, we’re tackling a hot-button issue: inflation. With government figures often underplaying the real impact of inflation on everyday lives, it’s essential to peel back the layers and understand the true picture. We’ll be joined as usual by Paul Kiker from Kiker Wealth Management, bringing his expertise to our lively conversation. Whether you’re grappling with rising costs or curious about how inflation shapes our economy, this episode is a must-watch. So, set a reminder, tune in, and let’s explore these critical financial issues together.

Continue Reading at PeakProsperity.com…

These Powerful Inspired Idiots Will Take Us Back to the Stone Age

by James Hickman
Schiff Sovereign

There’s no limit to how much Inspired Idiots around the world hate oil companies.

It seems like almost every day there’s a story about protestors who superglue themselves to the pavement in order to block traffic. Or deface an art museum. Or interrupt a public sporting event.

Recently they even glitter-bombed the Constitution in Washington DC… because apparently the Founding Fathers caused climate change.

Bear in mind that everything these Inspired Idiots use to ‘protest’ is derived from oil.

The adhesive they use to glue their asses to the pavement is derived from oil. The plastic bottle that the glue comes in is derived from oil. The plastic glitter they use is derived from oil. The paint they use to deface buildings and artwork is derived from oil.

Continue Reading at SchiffSovereign.com…

Trouble Ahead?

by Alasdair MacLeod
Gold Money

Gold and silver continued their spectacular run, with gold testing the $2400 level in European trade this morning, up $70 from last Friday’s close, and silver $29.15, up $1.70 on the week. Trade volume in silver futures on Comex was high but declined materially yesterday on a sharply rising price. This tells us that selling on Comex is drying up, possibly indicating price strength will continue. In gold, volumes were remarkably subdued indicating that rising prices are not because of increased speculative activity. These are shown next.

[…] Until yesterday when preliminary Open Interest in the gold contract jumped 18,000 contracts, it has been remarkably subdued. From 540,654 contracts on 13 March when the price was $2174, by Thursday Open Interest had declined to 505,601 contracts when the price was $2333 confirming current bear squeeze conditions. Open Interest’s 18,000 contract jump yesterday indicates that some speculative buying has returned, presumably driven by some hedge funds’ fear of missing out.

Continue Reading at GoldMoney.com…

Americans Don’t Think All This Government is Worth What We Pay for It

The situation is more dire when you consider how much federal spending is financed by debt.

by J.D. Tuccille
Reason.com

There were many reasons I left New York a quarter of a century ago, and taxes were just one among them. But along with less-restrictive laws and improved scenery, my move to Arizona rewarded me with substantially less banditry by state and local authorities. Still, I’d like an even lower tax bill, and so would most people. With Tax Day fast approaching, Americans consistently say they pay too much for government that isn’t worth the money.

Too Big a Take

“About two-thirds of people consider their federal income tax (67%), state sales tax (62%), and local property tax (69%) to be too high,” the AP-NORC Center for Public Affairs Research reported in January.

Continue Reading at Reason.com…

FBI: Decline and Fall

by Ben Madison
American Thinker

The Federal Bureau of Investigation has reached a stage in its development where it stands as an open threat to the constitutional protections of American citizens. What began as a little-known bureau of the U.S. Department of Justice in 1908 functioned as the department’s detective wing, investigating violations of federal law. Its primary focus was to compile, record, file, and obtain information that could be used in the prosecution of crimes against the government. It has now evolved into an agency that functions as a political tool for the power elites to threaten and intimidate any person, group, or domestic entity that could be perceived as an enemy or opponent to the elite political agenda.

J. Edgar Hoover became the head of the “Radical Division,” which directed its attention to aliens on American soil who could be classified as promoting anarchy or revolution. Records kept of German aliens in the U.S. leading up to and during WW I were extensive.

Continue Reading at AmericanThinker.com…

Two Things About the PPI Today: The March Seasonal Adjustments Were Huge, and the Three-Month Rates All Jumped

by Wolf Richter
Wolf Street

Including by 7.9% annualized for the not-seasonally adjusted PPI, worst since June 2022. So we’ll take a look.

The Producer Price Index data got a lot of attention today because it didn’t increase as sharply as a month ago, and so that was seen as a relief on the inflation front.

The thing is these figures are very volatile from month to month, as the blue lines in the charts below show, and the smaller increases in March on top of the spikes in February weren’t nearly small enough, and all the three-month rates – the month-to-month increases in January, February, and March combined – that iron out some of the month-to-month volatility, jumped.

Continue Reading at WolfStreet.com…

Twenty Solid Reasons for Gold and Silver Breakouts

by Jim Willie
Silver Seek

GOLD BULL CHART

The greatest wealth transfer in history has begun. It has years more to be completed.

The deep irony is that the big banks, led by the hidden initiative of the central banks, will ensure the march to much higher Gold price, multiples higher.

The catapult has been built.

SILVER NEXT

The foundation has been constructed. Gold first had to break down the castle gate like a battering ram.

Next the Silver price will force an historical short squeeze based upon a large-scale covering rally.

Continue Reading at SilverSeek.com…

Financialization = Ruin

by Brian Maher
Daily Reckoning

The United States economy is largely a “financialized” economy.

Financialization: “The increase in size and importance of a country’s financial sector relative to its overall economy.”

Is financialization a sickness of corroding empires? Do previous examples exist?

These are the questions we tackle today.

The financial industry represented 10% of the gross domestic product in 1970.

By 2010 the financial system ballooned to 20% of the gross domestic product… inflated by the helium of artificially depressed interest rates.

Continue Reading at DailyReckoning.com…

White House: PPI Inflation Hitting 11-Month High ‘Tempers’ Worries, ‘Inflation Has Been Coming Down’

by Ian Hanchett
Breitbart.com

On Thursday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers member Heather Boushey stated that the March PPI inflation data, which showed the highest level in almost a year, “tempers” worries in the wake of the CPI report and argued that “We continue to see this economy delivering for the American people,” and “it’s clear that we have been on this path of lowering prices over time, inflation has been coming down, and I think we continue to be on that trajectory. Granted, it has been a little bit slower more lately.”

Boushey said, “As the president noted, we have brought inflation down markedly, it’s down by 60%. And the economy continues to grow at a healthy clip. We saw over 300,000 jobs last Friday. We got that for March. We continue to see this economy delivering for the American people, and the president continues to work to make sure that he’s lowering costs for families, even as he is focused on growing the economy from the middle out.”

Continue Reading at Breitbart.com…

Gold $2,440 Silver Near $30: Pierre Lassonde Interview Shortly, but Take a Look at This…

from King World News

With gold hitting $2,440 and silver approaching $30, within hours King World News will be releasing a powerful interview with legend Pierre Lassonde, and what he had to say about where the price of gold is headed as well as what to expect from the mining stocks will stun many people.

Legend Pierre Lassonde’s King World News interview will be released later today where he discusses his stunning prediction for where the price of gold is headed and so much more. In the meantime…

Gold & Silver Continue Spectacular Run

April 12 (King World News) – Alasdair Macleod: Gold and silver continued their spectacular run, with gold testing the $2400 level in European trade this morning, up $70 from last Friday’s close, and silver $29.15, up $1.70 on the week.

Continue Reading at KingWorldNews.com…

Top Economists Including Obama’s Treasury Secretary Discover Real Inflation Number Under Biden Reached 18%, Still Hovering at a 40-Year High

Study vindicates Americans struggling under Biden regime.

by Infowars.com
Info Wars

A now-viral research paper by four renowned economists including Lawrence Summers, who served as the Secretary of the Treasury under the Obama administration, has revealed that the real inflation rate under Biden, using pre-1983 calculations, reached 18% in 2022.

Originally released in February, the National Bureau of Economic Research study is vindicating American consumers struggling under the Biden administration despite repeated MSM articles saying the economy is fine.

[…] “The researchers also found that if the pre-1983 calculations for the Consumer Price Index (CPI) or inflation rate has not come back down under 7 percent since its peak in 2022,” reports The Gateway Pundit. “This study explains why American consumers are feeling squeezed under Joe Biden – inflation is eating up all their money.”

Continue Reading at InfoWars.com…

Will Much of the Middle East Soon Be Turned Into “a Pile of Smoking, Radioactive Rubble”?

by Michael Snyder
The Economic Collapse Blog

Most people have absolutely no idea how close we are to a nightmare scenario in the Middle East. Yesterday, I wrote about the fact that Bloomberg was reporting that an Iranian attack on Israel was “imminent”. At that time we were waiting for the other shoe to drop in the Middle East, and we are still waiting. Ynet News is claiming that Iran was “ready to launch its attack on Israel” but had a change of heart before it pulled the trigger…

Iran was ready to launch its attack on Israel but decided to change or postpone it by a few days, likely after warnings from the Biden administration.

Overnight, the official Iranian news agency Mehr posted on X that that Iran temporarily grounded all air activity over Tehran’s airspace starting from midnight due to “military maneuvers.” Mehr also shared a video showing missiles with the caption “Maybe tonight… Stay tuned.” The agency quickly deleted both items.

I think that the Iranians realize that if they strike Israeli territory there will be an overwhelming response from the IDF.

Continue Reading at TheEconomicCollapseBlog.com…