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Is the Fed Screwing Us Over as Usual? John Rubino Exposes the Truth

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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Why Go to College? with Eddie Yoon

from Kerry Lutz's Financial Survival Network

Kerry and Eddie Yoon discussed various economic issues, including the student loan debt bubble and its impact on the economy, the potential long-term consequences of consumer debt, and the challenges facing the retail industry. They proposed solutions such as capping tuition, tying loan forgiveness to universities, and incentivizing universities to improve student outcomes and productivity. They also suggested that retailers should adapt to changing consumer preferences by following a Costco model and charging customers up front for a better experience. Overall, they emphasized the need for businesses and institutions to adapt to changing times and consumer preferences in order to survive and thrive.

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Weaker Markets Today with Nick Santiago (Ep #528)

from Daily Market Wisdom with Nick Santiago

For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.


1. The major indexes sold off last week and are on the weaker side again this morning. The stronger US Dollar Index and higher bond yields are keeping pressure on equities.

2. Today the 10-year note yield is trading around 4.51%. While this affects rates it is still not as important as the 2-year note yield which is trading around 5.12%. If the 2-year yield starts to move into the 5.25 to 5.50% area then that would be problematic for the Fed and would likely secure another rate hike on the horizon. Believe it or not, stocks can trade higher with higher rates, but they will struggle if the inverted yield curve between 2’s and 10’s gets wider. Should the spread narrow it could be a positive for stocks.

3. Oil is pulling back a little today. Oil is very extended and overbought on the daily and weekly chart. Traders should still keep a cautious stance since we have lots of geopolitical events that can take place right now.

4. Gold is pulling back a little today . The precious metal has been in a long trading range since June. I’ll stay neutral right now until we see more of a pattern develop. In defense for gold, it has held up very well despite the price action and strength in the US Dollar.

5. Bitcoin is weak today trading down by 1.27%. I’m expecting bitcoin to decline as the weekly chart pattern is signaling downside.

This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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When Will the Fed Cut? with Matthew Johnson

from Kerry Lutz's Financial Survival Network

Matthew Johnson and Kerry discussed the uncertainty surrounding the Federal Reserve’s decision to cut interest rates and its impact on the economy. They believe that low interest rates stimulate growth and that corporations are sitting on the sidelines due to high interest rates. They also discussed the possibility of a recession and the Federal Reserve’s reluctance to cut rates too early, as well as the telltale signals that indicate a recession is coming. The group also discussed the challenges of understanding the financial statements of large banks and the need for due diligence in choosing a bank. They emphasized the importance of diversification to manage risk and the potential for government guarantees and printing money to prevent a banking sector collapse.

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The Truth About Florida Real Estate with Zev Friedus

from Kerry Lutz's Financial Survival Network

Kerry interviewed Zev Freidus, a former product marketing manager who transitioned into real estate and used technology to build a successful business. Freidus shared how he quit his day job to focus on real estate and used his background in technology to generate leads through a website and search engine optimization. They discussed the importance of using technology to reach a wider audience and revolutionize the real estate industry. They also discussed the differences in work ethic between New York and Florida, the current state of competition in the real estate industry, and the complexities of lead generation and monetization in the real estate industry. Furthermore, Kerry and Zev delved into the complexities of the Florida real estate market, discussing the impact of high interest rates, low inventory, and the homestead laws. They also touched on the issue of insurance and the impact of taxes on people’s decisions to move to Florida. Despite the challenges, they believe that Florida real estate is still more affordable than other major cities in the US, and that the lack of income tax is a major draw for many people. They also discussed the future of Florida’s real estate market, with Kerry expressing concern about the potential limits to growth and Zev offering a more optimistic outlook.

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Inflation and the American People with Chris Markowski

from Kerry Lutz's Financial Survival Network

Kerry and Chris Markowski discussed various topics related to financial planning, health, and inflation. They highlighted the impact of inflation on everyday Americans, including rising costs of groceries, gasoline, and electricity, and stressed the need for free market solutions. They also discussed the importance of managing finances realistically, cutting expenses, and avoiding debt traps. Additionally, they emphasized the need for good health and investing in oneself to increase income. They concluded by discussing the need for a life-long commitment to health and financial well-being, and the importance of taking the first step towards achieving these goals.

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Prospera Energy 18-Well Drill Program Update with CEO Samuel David & VP Subsurface George Magarian

from Mining Stock Education

Prospera Energy (TSX.V: PEI, OTC: GXRFF, FRA: OF6B) CEO Samuel David & VP Subsurface George Magarian provides an update on the company’s 18-well drill program. The company aims, in the next 2-3 years, to reduce production costs to possibly under C$20/barrel and achieve 10,000+ boepd by optimizing current assets and through strategic acquisitions. The company has about 400 million barrels of oil in place. And Prospera’s core assets in Saskatchewan and Alberta had previously, during peak oil times when they were being fully developed by multinational oil companies, already saw (without EOR) production of over 10,000 boepd. The company has the facilities to accommodate over 10,000 boepd.

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Auto Industry Crash of 2023 with Carl Gould

from Kerry Lutz's Financial Survival Network

Kerry and Carl Gould analyzed the current state of the auto industry, discussing the impact of the pandemic and supply chain challenges on profits, recent union strikes, and the need for a balance between worker demands and the long-term strategy of the company. They also discussed the future of the industry, highlighting the inevitability of EVs and autonomous driving, Tesla’s dominance in software and technology, and the need for legacy car companies to adapt to the changing industry. Additionally, they discussed the adversarial relationship between the Big Three and their labor union, suggesting that both sides need to work together for the survival of the company, not just their own interests.

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Triple Digit Oil with RJ Burr

from Kerry Lutz's Financial Survival Network

Kerry and RJ Burr discussed the importance of oil in modern society and its impact on commodity prices. Burr argued that there is no feasible replacement for oil yet and that energy is the bedrock of all society. They also discussed the impact of Trump’s policies and COVID-19 on the oil industry, with Burr explaining how COVID-19 created acquisition opportunities for oil companies. The speakers emphasized the potential for long-term revenue and tax benefits of investing in oil, and recommended visiting their website for a basic education on the oil industry and tax benefits. Additionally, Lutz and Burr discussed the benefits of buying producing fields in salt domes due to lack of competition and the fact that they were the original oil fields. They also talked about how traditional oil drilling is still effective and how they are going into fields that weren’t developed and developing them. Burr explained that they drill traditional wells the same way they were drilled a hundred years ago and that they are standing behind their guarantee to answer any questions about their work. Overall, they made a compelling case for investing in oil and highlighted the advantages of doing so.

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Inflation Just Getting Started with Russell Stone

from Kerry Lutz's Financial Survival Network

Kerry and the Russell Stone discussed the impact of inflation on the economy, predicting a decrease in demand for non-essential items and a drop in prices. They also discussed the deflationary cycle and how it will squeeze out unnecessary credit in the system. The group also talked about the impact of high oil prices on the economy and how people will adapt to changes. They also had a disagreement on Biden’s performance, with Kerry praising him and the conference room highlighting his failures. The group discussed strategies for protecting wealth during uncertain times, suggesting accumulating real money, avoiding unnecessary debt, and investing in government-backed money market accounts. They emphasized the need to be proactive and avoid unnecessary market exposure.

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The New Abnormal: Authoritarian Control Freaks Want to Micromanage Our Lives

by John W. Whitehead and Nisha Whitehead
The Rutherford Institute

“Man is born free but everywhere is in chains.” – Jean-Jacques Rousseau

Authoritarian control freaks out to micromanage our lives have become the new normal or, to be more accurate, the new abnormal when it comes to how the government relates to the citizenry.

This overbearing despotism, which pre-dates the COVID-19 hysteria, is the very definition of a Nanny State, where government representatives (those elected and appointed to work for us) adopt the authoritarian notion that the government knows best and therefore must control, regulate and dictate almost everything about the citizenry’s public, private and professional lives.

Indeed, it’s a dangerous time for anyone who still clings to the idea that freedom means the right to think for yourself and act responsibly according to your best judgment.

Continue Reading at Rutherford.org…

Toward the Brink

by James Rickards
Daily Reckoning

Should market participants be concerned about the possible government shutdown at midnight on Sept. 30?

It’s too soon to answer that question definitively, but it’s not too soon for investors to take some defensive action.

If it does happen, it’ll be different from those that have gone before. Let’s break it all down…

While most of us keep our books and records on a Dec. 31 fiscal year, the U.S. government is different. The U.S. fiscal year runs from Oct. 1 until midnight on Sept. 30.

The fiscal year is dated by the calendar year in which the last day falls.

Continue Reading at DailyReckoning.com…

Fauci Was ‘Smuggled’ Into CIA Headquarters to “Influence” Covid-19 Origins Investigation: Select Subcommittee

from Zero Hedge

Dr. Anthony Fauci was smuggled into CIA headquarters, “without a record of entry,” where he “participated in the analysis to “influence” the Agency’s” Covid-19 investigation, according to the House Select Subcommittee on the Coronavirus Pandemic.

[…] Fauci’s alleged CIA meeting was revealed in a Tuesday night letter from Subcommittee Chairman Brad Wenstrup (R-OH) to the Inspector General of the US Department of Health and Human Services, which demands documents, communications and other evidence between Fauci and the CIA.

Continue Reading at ZeroHedge.com…

Bank of America’s Unrealized Losses On HTM Debt Securities Total $106 Billion; 34 Percent of All Such Unrealized Losses Reported by 4,645 Banks

by Pam Martens and Russ Martens
Wall Street on Parade

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.

For the quarter ending June 30, the FDIC reported that all 4,645 FDIC-insured financial institutions had $309.6 billion in unrealized losses on held-to-maturity securities.

Held-to-maturity securities at the largest banks are made up predominately of federal agency mortgage-backed securities and U.S. Treasury bills, notes and bonds.

Continue Reading at WallStreetOnParade.com…

FOMC On Pause

by Alasdair MacLeod
Gold Money

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.

Often, silver leads the way upwards and this may be the case today. The next chart shows how Open Interest on Comex remains low in both contracts, indicating that downside is limited.

Continue Reading at GoldMoney.com…

Prices of New Houses Drop, Sales Drop, Supply Jumps

by Wolf Richter
Wolf Street

Cut the price, and they will not come? Homebuilders, in a tough market, compete with homeowners who are still delusional.

Homebuilders are trying all kinds of stuff to get sales going in this environment of 7%-plus mortgage rates, including cutting prices, building at lower price points, piling on incentives (such as free upgrades), and the biggie, buying down mortgage rates, which can get expensive for builders. Neither incentives nor mortgage-rate buydowns are reflected in the prices of homes sold, and yet prices have dropped, and sales have dropped too below 2019 levels, and inventory increased, and months supply jumped. For homebuilders, who cannot sit out this market because their business is to build and sell homes no matter what the market does, it’s not an easy environment.

Continue Reading at WolfStreet.com…

Life in America Has Never Been More Unaffordable Than it is Right Now

by Michael Snyder
The Economic Collapse Blog

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.

Earlier today, I came across an article about a woman that found a receipt from Burger King that was dated August 10, 1986.

At that time you could buy a Whopper for just $1.54.

Today, that same Whopper will cost you $6.79…

Continue Reading at TheEconomicCollapseBlog.com…

Why Real Assets Are a Safe Haven Against Inflation

by Simon Black
Sovereign Man

The first time I ever visited Zimbabwe in late 2010, the country was barely one year removed from the end of its legendary hyperinflation.

Hyperinflation in Zimbabwe had become so extreme– roughly 90 billion trillion percent (that’s not a misprint)– that the government finally capitulated in 2009 and simply abandoned the currency altogether.

And when I first landed in the capital of Harare, the infamous Zimbabwe dollar had become so worthless that many people were using it for wallpaper.

Zimbabwe had once been a vibrant, highly productive economy based on valuable mineral and agricultural exports. Even by the early 2000s, after two decades of independence under Robert Mugabe, inflation was still ‘only’ around 20%.

But inflation began to spiral out of control.

Continue Reading at SovereignMan.com…

Major Brands Pull Ads From Rumble After Platform Refuses to Censor Russell Brand Over Sex Assault Allegations

by Amanda Prestigiacomo
Daily Wire

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.

Notably, YouTube, to much criticism, has banned Brand from monetization on all of his accounts over the allegations, though Brand has no charges against him and has strongly denied ever engaging in nonconsensual sex. Rumble refused to follow suit.

According to News Movement, Burger King is one of the brands that has paused advertisements on Brand’s Rumble channel.

Continue Reading at DailyWire.com…

Target to Close 9 Stores in Four States Citing Theft That Threatens Workers, Shoppers

by AP

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.

The closings, which will be effective Oct. 21, also include three stores in Portland, Oregon, and two in Seattle. Target said that it still will have a combined 150 stores open in the markets where the closures are taking place. Target will offer affected workers the opportunity to transfer to other stores.

Target described the decision as “difficult.”

“We know that our stores serve an important role in their communities, but we can only be successful if the working and shopping environment is safe for all,” Target said in a statement on Tuesday.

Continue Reading at Breitbart.com…

Arbitrary Restrictions Explain Why Trump Was Not Allowed to Buy That Glock

Before correcting the record, the former president’s spokesman inadvertently implicated him in a federal crime.

by Jacob Sullum

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.

“President Trump buys a @GLOCKInc in South Carolina!” Cheung wrote on X, formerly known as Twitter. That caption accompanied a video of Trump’s visit, during which he twice remarked, “I want to buy one.” Someone else could be heard saying, “That’s a popular model.” The seemingly innocuous post was immediately controversial, because it inadvertently implicated Trump in a federal felony.

Continue Reading at Reason.com…

A Look at the Fundamental Hypothesis of Global Warming

by Guy K. Mitchell, Jr.
American Thinker

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.

The scientific method requires that its practitioners follow a discipline for conducting research:

Continue Reading at AmericanThinker.com…

Real Interest Rates and Gold

by Craig Hemke
Sprott Money

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.

Suddenly, in early 2022, the correlation between real rates and gold prices broke down. And not just by a little. It broke down by a wide margin. At my TF Metals Report site, we’ve been discussing this “miscorrelation” for months but, recently, some mainstream media and analysts have begun to take notice. See this link from Bloomberg that appeared a few days ago: Chinese Gold Buying Is Driving a Paradigm Shift in Bullion.

Continue Reading at SprottMoney.com…

Incredible: After Celebrating an Actual Nazi in Parliament, Trudeau Complains About ‘Russian Propaganda’

“I think it’s going to be really important that all of us push back against Russian propaganda”

by Steve Watson
Summit News

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.

[…] Trudeau was asked about the situation by reporters and commented, “Obviously it’s extremely upsetting that this happened,” before immediately blaming the Speaker of the House, noting “The speaker has acknowledged his mistake and has apologized. This is something that is deeply embarrassing to the Parliament of Canada and by extension to all Canadians, I think particularly of Jewish MPs and all members of the Jewish community across the country, celebrating, commemorating Yom Kippur today.”

Continue Reading at Summit.News…