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Silver Surge Re-Ignites Interest in Tier One Silver

from Kerry Lutz's Financial Survival Network

Kerry welcomes Peter Dembicki, CEO of Tier One Silver ((🇺🇸TSLVF — 🇨🇦TSLV) for an update on the company’s latest exploration progress and the potential for significant silver discoveries. Peter shares important results from recent channel sampling, including the discovery of nearly 9,000 grams per tonne of silver, over four grams of gold and the presence of arsenic—indicating promising precious metal deposits below the surface.

Peter provides insight into Tier One Silver’s aggressive exploration in Peru, where they’re targeting a massive, untapped silver deposit. He explains the geological significance of recent findings and the 500 meters of elevation where their best intercepts may lie.

Peter and Kerry discuss the current state of the silver market, with silver prices on the rise and poised for a potential surge. Peter anticipates silver catching up to gold’s recent performance, driving investor interest in silver exploration and mining companies. Tier One Silver’s Future: With silver gaining momentum, Peter outlines the company’s plans to resume drilling and why their property’s unique elevation and geological factors offer tremendous upside potential. He emphasizes the company’s readiness to capitalize on market shifts once they secure the necessary capital. We own shares.

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Debt, Taxes, & 2024 Election Market Shifts with Ed Siddell

from Kerry Lutz's Financial Survival Network

During the interview with Kerry, Ed Sidell provided an analysis of the current economic landscape, highlighting the disparity between strong GDP figures and negative public sentiment driven by inflation from government spending, which has reached $6.75 trillion in fiscal year 2024. Concerns were raised about the national debt potentially reaching $36 trillion by election day, alongside a discussion of Trump’s proposal to eliminate federal income tax, which Sidell deemed feasible if accompanied by a VAT, and the potential benefits of reducing the business tax from 21% to 15% to stimulate growth. The conversation also touched on market trends in anticipation of the upcoming election, with indications that the market may be pricing in a Trump victory, and concerns about inflation’s impact on bond yields. Additionally, Lutz presented a theory regarding the influence of intelligence agencies on major media outlets, suggesting that the Washington Post and New York Times serve as conduits for the CIA and DOJ/FBI, respectively, and referenced historical connections to these agencies.

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Debt, Rates, and Economic Realities with Chris Markowski

from Kerry Lutz's Financial Survival Network

Kerry and Chris Markowski engaged in a comprehensive discussion about the current political and economic climate, highlighting concerns over rising bond yields and skepticism regarding China’s economic stability, particularly its real estate challenges and ineffective stimulus measures. Markowski criticized the recent 50 basis point rate cut as unjustified, pointing out the alarming national debt situation where interest payments dominate the federal budget. He expressed worries about the commercial real estate market, suggesting it is in a worse state than during the Great Recession, and criticized the government’s “extend and pretend” approach to debt management. The conversation also touched on taxation, with Markowski advocating for a national sales tax over income tax, emphasizing the need for a repeal of the income tax to avoid complications.

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Rising Mortgage Costs & Inflation with Andrew Ragusa

from Kerry Lutz's Financial Survival Network

Kerry and Andrew Ragusa engaged in a comprehensive discussion about the New York real estate market, focusing on the effects of rising mortgage payments and inflation on home prices, noting that homes are selling for unexpectedly high prices despite needing repairs, as buyers are becoming less selective. Lutz expressed skepticism regarding the government’s ability to effectively address these challenges, while Ragusa underscored the importance of property ownership amidst these difficulties. They also observed a trend of individuals returning to urban areas due to employer demands, which is influencing market dynamics. Additionally, they shifted their focus to investment trends, highlighting a growing preference for hard assets like gold and silver as a hedge against economic uncertainty, with Ragusa noting the increasing appeal of physical assets amid stock market fluctuations. Lutz, an experienced investor in precious metals, remarked on the rising prices and future growth potential of gold and silver, while also discussing silver’s practical applications in technology.

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Gold and Silver Markets Surge Forward with David Erfle

from Kerry Lutz's Financial Survival Network

Kerry and David Erfle engaged in a detailed discussion about the recent positive trends in the gold and silver markets, highlighting significant price movements and market dynamics. Silver has notably surpassed the $32.50 resistance level, reaching $35, while gold prices have also seen substantial gains. Erfle pointed out that miners are consolidating in a bullish flag pattern, breaking through key resistance levels, which has rekindled interest from retail investors after a decade of decline. Despite these gains, both the GDX and GDXJ indices still have considerable growth potential compared to historical highs. The conversation also touched on the upcoming Q3 earnings announcement from Newmont, with expectations of strong results due to rising gold prices, which could further attract fund managers as the stock market shows signs of weakness. The discussion further explored the evolving landscape of the mining industry, with major companies acquiring junior mining assets to enhance their portfolios, particularly focusing on high-margin deposits. Erfle noted the relative ease of obtaining mining permits in certain countries, which could be expedited by changes in political leadership. Both speakers emphasized the importance of modern, environmentally friendly mining practices and the growing industrial demand for silver, which has been experiencing a four-year deficit. They also cautioned potential investors about the risks associated with buying silver, including scams and the need for due diligence. The conversation concluded with a reflection on the importance of capable management in the junior mining sector, underscoring the need for vigilance and education in navigating this volatile market.

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Government vs. Crypto: Who Controls the Future? with Dr. Jonathan Newman

from Kerry Lutz's Financial Survival Network

Kerry engaged with Dr. Jonathan Newman from the Mises Institute to discuss the organization’s commitment to promoting Austrian economics and individual liberty. Jonathan articulated that the Mises Institute serves as an educational platform advocating for free market principles while critiquing government intervention in economic affairs. He emphasized that Austrian economics is rooted in the analysis of individual actions and market dynamics, which leads to a preference for minimal government involvement. The conversation also touched on the historical role of government in monetary control, with Jonathan referencing Mises’ insights on currency devaluation and the shift towards fiat currencies, which has resulted in inflation and financial instability. Lutz introduced the concept of competing currencies, highlighting the emergence of cryptocurrencies like Bitcoin as alternatives to government-managed money. The discussion further explored the implications of fiat currency, drawing historical parallels to the Roman Empire and the consequences of debasing currency. Jonathan noted the U.S. government’s departure from the gold standard in 1971, which has led to unchecked spending and an expansion of government size. They expressed concern over current U.S. monetary policy and its potential repercussions. The conversation also covered recent developments in Argentina under President Javier Milei, who has taken steps to reduce inflation and government spending.

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Is the Market Really Safe? with Anthony Saccaro

from Kerry Lutz's Financial Survival Network

Kerry and Anthony Saccaro discussed the current economic landscape as the election approaches. Saccaro shared insights from a successful investment in Apple and stressed the importance of a diversified portfolio, using historical examples of companies like Blockbuster and Kodak that failed to adapt to market changes. They addressed the Federal Reserve’s mandates of controlling inflation and unemployment, noting a recent uptick in unemployment to 4.3% and inflation remaining in the mid-twos. Both expressed concerns about the potential for a recession and the misconception that the stock market is always a safe haven. The conversation also covered the importance of strategic investing according to individual life stages, especially given economic volatility. Saccaro recommended a conservative investment approach focused on income generation through interest and dividends to ensure financial security in retirement.

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Up 23% On My Portfolio Using Ross Given’s Insider Secrets

from Kerry Lutz's Financial Survival Network

Kerry welcomed Ross Givens back to the Financial Survival Network, where they discussed Givens’ impressive trading journey, including a 23% gain since May 29th, and his investment in Dominion Energy, which has appreciated 15% while providing dividends. Givens shared insights on their investment strategy focused on insider trading, which has achieved a remarkable 1900% compounded growth since 2017, highlighting specific cases like CATX and Amelix that demonstrate the potential of insider buying. He emphasized the importance of risk management, recommending profit-taking at 25% gains and discussing the SEC’s short swing rule for stability. In options trading, Givens advised against stop losses for smaller stocks and suggested investing a portion of capital in call options with a three to six-month horizon, noting that a 20% stock increase can double the option’s value. Both Lutz and Givens acknowledged the challenges of finding effective investment strategies in a competitive market, encouraging exploration of lesser-known stocks for higher returns and promoting their monthly training sessions to educate investors. Lutz expressed gratitude for Givens’ insights and looked forward to future discussions.

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Urgent Crypto Security: Block SIM Swap Scams with Robert Siciliano

from Kerry Lutz's Financial Survival Network

Robert Siciliano (also found here) highlighted the critical issue of identity theft, sharing personal experiences and emphasizing the importance of proactive measures such as regular password changes, two-factor authentication, and identity theft protection services. He discussed the risks associated with SIM swapping, particularly in the cryptocurrency sector, explaining how attackers often compromise email accounts through phishing to reset passwords and gain access t o financial accounts. Siciliano also addressed the challenge of identifying fake IDs, noting that many employees may not be trained to spot subtle differences, which can lead to security breaches. He recommended strong security practices, including unique passcodes and collaboration between cryptocurrency companies and telecom providers to detect unauthorized SIM swaps. Kerry Lutz contributed by sharing his own experiences with bank security measures, reinforcing the need for consumers to remain vigilant and proactive in safeguarding their personal information against evolving threats.

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Gold’s Future: Market Trends and Strategy with Bob Hoye

from Kerry Lutz's Financial Survival Network

The meeting focused on the historical context of gold prices, with Bob Hoye discussing the influence of past financial bubbles on the market and emphasizing that the strength of the U.S. dollar is often overstated. He anticipates a rise in the real price of gold, which would be advantageous for gold miners, and suggests investment strategies that include three to four-year good-grade corporate bonds as a safer choice in light of potential market volatility. Hoye also highlighted a selection of promising junior gold stocks, indicating their potential for substantial gains in an upward-trending market.

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Jaywalking Now Legalized in NYC: Here’s What to Know

New Yorkers can now cross the street outside the crosswalk or against the traffic light without being ticketed by police.

[Ed. Note: Another nail in the downfall of humanity. ~Kerry.]

by David Luces
Patch

NEW YORK CITY — Jaywalking is now legal in New York City after a bill passed by the City Council last month officially became law.

New Yorkers can now cross the street outside the crosswalk or against the traffic light without being ticketed by police.

The city council moved to decriminalize the act after city data showed that Black and Latino pedestrians were disproportionately targeted by police.

More than 90 percent of the jaywalking tickets issued last year went to Black and Latino people, according to Council Member Mercedes Narcisse.

Continue Reading at Patch.com…

Doug Casey’s Top Five Reasons Not to Vote

by Doug Casey
International Man

Democracy is vastly overrated.

The national elections this November 5 (Guy Fawkes Day, FWIW) have every chance of turning into a chaotic catastrophe. I’m not, therefore, going to discuss either candidate. Let’s instead talk about principles. That’s something few people discuss these days.

“Democracy” is not like the consensus of a few friends agreeing to see the same movie. Most often, it boils down to a kinder and gentler variety of mob rule, dressed in a coat and tie. The essence of positive values like personal liberty, prosperity, opportunity, fraternity, and equality have little to do with democracy. Those things exist because of free minds, free markets, and limited government.

Democracy, by contrast, focuses people’s thoughts on politics, not production, on the collective, not on their own lives. That’s not good.

Continue Reading at InternationalMan.com…

New York Fed Report: 27 Percent of Bank Capital is “Extend and Pretend” Commercial Real Estate Loans

by Pam Martens and Russ Martens
Wall Street on Parade

The New York Fed, long the quintessential keeper of secrets for the Wall Street megabanks that it has been bailing out since the financial crisis of 2008, has suddenly decided to come clean on a big threat to capital at these and other banks.

The New York Fed has created gasps in the corridors of power in the banking world by releasing a paper that documents how banks have ginned up their capital by “extending and pretending” on their underwater commercial real estate (CRE) loans.

The new paper was written by Matteo Crosignani, Financial Research Advisor at the New York Fed, and Saketh Prazad, a former Research Analyst at the New York Fed who is now a Doctoral Student in the Business Economics program at the Harvard Business School.

The authors get right to the crux of the matter on page two of the report, writing this:

Continue Reading at WallStreetOnParade.com…

The Chain of Command: How Facebook’s Libra, Bank Regulators, and PayPal Built a New World Currency

Two companies closely tied to Peter Thiel – PayPal and Facebook – have embarked on apparently unsuccessful efforts to create a “new world currency.” Yet, upon further examination, those efforts have actually been wildly successful and many recent events of significant in finance – including but not limited to the 2023 banking crisis – have arguably been orchestrated to facilitate the vision of Thiel and his early allies and the creation of a new paradigm for currency, one where privately issued money meets surveillance.

by Mark Goodwin and Whitney Webb
Unlimited Hangout

The initial trio of pieces in The Chain series have focused on the three essential pillars for creating a new digital monetary system. The first, The Chain of Custody, examined the construction of novel custodial infrastructure to enable the secure holding of billions of dollars worth of digital assets after the proliferation of Bitcoin as a new financial class. The second, The Chain of Issuance, investigated the primordial roots of digital payments fortifying data brokers and information bankers within the global surveillance network. It also noted how stablecoin issuers are the modern day analogue to the influence that the major infrastructural titans of the Industrial Age had on the formation of The Federal Reserve in the first half of the 20th century. The third, The Chain of Consensus, focused on the currency speculators and intelligence-connected developers behind the monetary policy and consensus infrastructure of privately-issued money and the blockchain revolution during the infancy of the Deflationary Age brought about by Bitcoin and the subsequent, dollarized iterations of its underlying database technology.

Continue Reading at UnlimitedHangout.com…

The Crisis in Democracy

by Martin Armstrong
Armstrong Economics

Next week, those attending the World Economic Conference can pull down this report from your portal. The Crisis in Democracy goes through in detail and reviews even Direct Democracy addressing the criticisms and why this end up as our only alternative.

This report deals in-depth with the Greek Philosophers Socrates, Plato, and Aristotle and their criticism of a Direct Democracy compared to our present state of political disaster. This is the way to the future, and this report dives into this critical issue for our future survival as 2032 approaches.

The Report will be available for non-attendees and Virtual Plus at $300 after the conference.

Continue Reading at ArmstrongEconomics.com…

Every Time Something Major Happens, it is an Excuse for Rioting, Looting and Violence

by Michael Snyder
The Economic Collapse Blog

We live at a time when it is expected that chaos will follow virtually every big event. In the aftermath of Hurricane Helene, there was looting. In the aftermath of Hurricane Milton, there was looting. The war in the Middle East has sparked wild protests and riots all over the country this year. And even if something really good happens, many people just consider it to be an excuse for even more rioting, looting and violence. For example, the Los Angeles Dodgers just won the World Series. But instead of celebrating peacefully, young men in Los Angeles looted stores and threw fireworks at police…

World Series celebrations descended into chaos in the early hours of Thursday morning in Los Angeles, with shops being looted by gangs and fireworks thrown at cops in the street.

Many of the rioters probably don’t even care much about baseball.

Continue Reading at TheEconomicCollapseBlog.com…

These Patterns Point to Gold Hitting $2,900, Silver $40 Imminently

by Jesse Colombo
GoldSeek

Both gold and silver are in the process of breaking out of bull flag patterns, which indicate sharp gains in the near future. Here’s what you need to know…

Gold and silver had an impressive day, with gold rising 1.18% to a record high of $2,775 and silver climbing 2.33% to close at $34.46. Yesterday’s strong performance in precious metals has triggered a significant new bullish signal, prompting this timely update.

As I pointed out recently, gold had been forming a chart pattern known as a “bull flag,” which is a continuation pattern that suggests further gains once gold breaks out on strong volume.

Following yesterday’s strong upward move, gold has broken out of its bull flag pattern, indicating that further gains are likely ahead.

Continue Reading at GoldSeek.com…

Super Micro Computer Becomes the First AI-Mania Highflyer in Our Imploded Stocks

by Wolf Richter
Wolf Street

-42% in two days, -76% from peak-AI-mania in March 2024. There is some dark humor in those kinds of charts.

Shares of AI-mania highflyer Super Micro Computer, one of the many vendors that build servers based on Nvidia’s GPUs, plunged 33% on Wednesday, another 12% today in regular trading, and another 3% afterhours, for a combined plunge of 42.5% in two days, to $28.25, after having exploded by 1,500% from January 2023 and by 3,600% from January 2021, to peak-mania on March 13, 2024.

Since that all-time closing high of $118.81 (split adjusted), the stock has now kathoomphed by 76% and has thereby qualified for a pedestal in our Imploded Stocks – the first AI-mania stock to do so. Congratulations. And there’s room for more.

Continue Reading at WolfStreet.com…

Why Trump Must Win

by Brian Maher
Daily Reckoning

A majority of American voters distrust the pillars upon which democracy rests — the vote itself.

They perceive cracks within the marble. Some perceive fissures. Reports Rasmussen:

Most voters think this year’s election could be impacted by cheating…

A new telephone and online survey by Rasmussen Reports and the Heartland Institute finds that 62% of likely voters are concerned that cheating will affect the outcome of the 2024 election, including 37% who are very concerned.

Are 62% of likely voters correct or incorrect to distrust the looming election?

Are 37% justifiably very concerned?

Continue Reading at DailyReckoning.com…

Major Bank Allegedly De-Banked Florida Man Due to False ‘Russiagate’ Accusations From Left-Wing Blogger

by Eireann Van Natta
DailyCaller.com

JPMorgan Chase is facing a lawsuit after it allegedly defamed a man based on false allegations from an obscure left-wing blog post, according to a complaint provided to the Daily Caller.

The feud began when a left-wing blog, The Stern Facts, posted an article by Patrick Simpson. The post falsely claimed that Florida’s Jacob Gitman and his business Monarch Air Group, LLC were affiliated with the Russian Mafia and former President Donald Trump, according to an executive summary obtained by the Caller.

Monarch has contracts with the federal government and received $160,000 from the Department of Justice (DOJ) in the past twelve months, according to USA Spending. Monarch’s website states it is a private jet and air charter company that “provides mission critical supplies” to the federal government.

Continue Reading at DailyCaller.com…

White House Officials Pressured Stenographers to Edit Biden’s ‘Garbage’ Smear

by Wendell Husebo
Breitbart.com

White House press officials reportedly pressured stenographers to cover up President Joe Biden’s “garbage” smear by editing the transcript to alter its meaning.

The coverup was “a breach of protocol and spoilation of transcript integrity between the Stenography and Press Offices,” according to a stenographer supervisor’s email obtained by the Associated Press (AP).

“The only garbage I see floating out there is his [Trump] supporters,” Biden said Tuesday.

The White House stenographers added an apostrophe to “supporters” and an em-dash to alter the meaning of Biden’s statement.

Continue Reading at Breitbart.com…

A Week of Failing to Pay with Bitcoin in El Salvador

The country claims to be a leader in crypto transactions. But you can’t force people to take a currency they don’t want.

by Katarina Hall
Reason.com

When President Nayib Bukele promised that bitcoin would be accepted everywhere in El Salvador, it seemed like a glimpse into the future—a world where cryptocurrency would be woven into everyday life. But after a week there, I found a different reality. Not a single business accepted my bitcoin.

In September 2021, El Salvador became the world’s first country to adopt bitcoin as legal tender alongside the U.S. dollar. The vision was ambitious: According to Bukele, bitcoin would “improve the lives and the future of millions,” making it easier to access financial services where traditional banking is often out of reach.

To incentivize adoption, the government launched the Chivo wallet app, offering $30 in bitcoin to anyone who signed up.

Continue Reading at Reason.com…

Jimmy Kimmel ‘Illegally’ Tells Trump Voters They Can Wait Until Friday

Isn’t someone in prison for the same ‘joke’?

by Steve Watson
Modernity News

During another cringe monologue, talk show clown Jimmy Kimmel ‘joked’ that people who want to vote for Trump on Tuesday can wait until later in the week.

[…] It prompted some to point out that a Trump supporter got sentenced to prison for a very similar action.

[…] Trump supporter Douglass Mackey, also known as “Ricky Vaughn,” was handed a seven month sentence for sharing the memes that claimed Democrats could vote for Hillary by text in 2016.

[…] Prosecutors claimed that Mackey was also a member of private direct-message groups on Twitter, in which he discussed ways of spreading material “intended variously to provoke, mislead, and, in some cases, deceive voters in the 2016 presidential election.”

Continue Reading at Modernity.News…

As Gold & Silver Consolidate Recent Gains, Look at What is Happening with BRICS and the Dollar

from King World News

On the heels of gold and silver consolidating recent gains, look at what is happening with BRICS and the US dollar.

October 31 (King World News) – Gerald Celente: The weaponization of the U.S. led international financial system to punish political adversaries came home to roost in a big way this past week, in the form of the BRICS summit in Kazan.

Financial system weaponization against Russia, Iran and other countries, and fears by other players like China, is all going toward the birth of an alternative to that system, and more specifically, its huge reliance on the U.S. dollar as world reserve currency.

It was fitting, in that regard, that Russian President Validimir Putin, whose nation played host to this year’s event, was presented with a commemorative “BRICS bank note” to cap the proceedings (as posted by X account BRICS News).

Continue Reading at KingWorldNews.com…