Home Blog

Europe’s Implosion Gaining Steam with John Rubino

from Kerry Lutz's Financial Survival Network

An election took place in Italy that could change things, and the Euro has been sinking like a stone…What’s in store for Europe? I sit down and chat with John Rubino to discuss the European economy. Their energy system has taken a turn for the worse, and their currency problems cannot be fixed with with monetary policy. They will inevitably have to tighten, as inflation and broken supply chains cannot be fixed with easy money. Tune in for more insight on what’s to come for Europe.

Click Here to Listen to the Audio

Sign up (on the right side) for the free weekly newsletter.

Buy Gold and Silver and Don’t Worry with Todd “Bubba” Horwitz

from Kerry Lutz's Financial Survival Network

Gold and silver prices have gotten beaten up in the last few days/months. What is the reason for this? Todd “Bubba” Horwitz comes on the show to bring us up to speed with the precious metals, and emphasizes that we are not in the idea situation for gold at the moment. He advises buying it—but not with leveraged money. Moreover, it’s most crucial to focus on your own portfolio right now rather than getting lost in what’s happening with the rest of the markets. Tune in for more insight.

Click Here to Listen to the Audio

Sign up (on the right side) for the free weekly newsletter.

Recovery Rally On the Way? with Nick Santiago (Ep #428)

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.

Today:

1. Markets are testing the June lows. Yesterday, the S&P 500 index breached the June lows briefly and then bounced back above the June bottom by the close. These markets are very oversold so a short term bounce is due at some point soon. The bigger trend is down though so be careful if you are trying to bottom fish here.

2. The Bank of England (BOE) said it would temporarily purchase long-dated UK government bonds in an effort to stabilize the plunging British pound. The currency market has gone crazy as the US dollar just keeps gaining strength against everything but the Russian Ruble. Europe is a mess and that includes the UK.

3. Today, bond yields are retreating in the 2-year note and also the 10-year note. This should help markets temporarily, but yields on the 2 year are still around 4.15%. Remember, that is where the fed funds rate needs to go, so the Fed is still behind the curve.

4. Apple (AAPL) was getting pounded today trading lower by 3% to $147.00 a share. Bloomberg reported that Apple Inc is scrapping its plan to increase production of the iPhone14 from its original forecast of 90 million units due to weaker demand. Apple Inc is a mega cap so it carries a lot of weight in the major indexes and can be viewed as a major sentiment component. Demand just isn’t there for the iPhone 14.

5. Gold is shining today as people realize they will eventually want to own a hard asset. Gold’s day is coming soon.

6. Bitcoin is slightly under pressure today trading around 18,900. Remember, this is in a major down-trend and will eventually go to 13,000.

Click Here to Listen to the Audio

Sign up (on the right side) for the free weekly newsletter.

What’s Really Going on in Europe with Octavio Marenzi

from Kerry Lutz's Financial Survival Network

The euro is going higher than ever…How does this affect Europe? Octavio Marenzi comes on the show to talk about the circumstances in Europe with regard to currency, the energy crisis, and the prospect of shifting politics. There is change on the horizon—some of it being negative—and Octavio gives his firsthand perspective on what’s to come.

Click Here to Listen to the Audio

Sign up (on the right side) for the free weekly newsletter.

Back to the Office with Carl Gould

from Kerry Lutz's Financial Survival Network

Carl Gould says that people are heading back to the office. It was bound to happen and now it is. But there’s a catch. They’re heading back to the office, but not 5 days per week. Rather employees will be required to come to the office from 2-4 days per week. And most employees will working hybrid, appearing at the office several days per week. The work place will never be the same.

Click Here to Listen to the Audio

Sign up (on the right side) for the free weekly newsletter.

Europe’s Implosion Gaining Steam with John Rubino

from Kerry Lutz's Financial Survival Network

John Rubino is back… Now they’re running out of wood in Germany. Meanwhile, back in the USA, dollar index 112.95. Highest since 2002.Equities are in a bear market. Tens of trillions of dollars of paper wealth being wiped out worldwide. House prices are about to crash. Illustration of how unafordable houses are at todays’ prices and mortgage rates. Commodities, including gold and silver, are getting crushed. Which means inflation is over in the US. Put another way, the strong dollar is letting us export our inflation to the rest of the world.

Sign up (on the right side) for the free weekly newsletter.

The Worst Case Scenario with Chris Vermeulen

from Kerry Lutz's Financial Survival Network

Where are the markets heading? Chris Vermeulen comes on the show to talk stock markets, precious metals, oil, and the other industries we’ve kept our eye on. The predominant theme right now is panic selling; people are eager to get out of the stock market, but with this selling comes strong rallies. Gold is hanging on by a thread, and needs to show more consistency in order for it to look promising. We are also seeing the energy sector struggle; Chris points out that all assets follow the broad market, and advises not to get overly confident in this circumstance. Ultimately, capital preservation is the most important thing right now—with an emphasis on low risk investments.

Click Here to Listen to the Audio

Sign up (on the right side) for the free weekly newsletter.

The World (Again) According to Martin Armstrong

from Kerry Lutz's Financial Survival Network

The world is a mess and things aren’t getting better. There’s no end in site to the Ukraine war and the situation in Europe keeps getting worse and worse. We sit down with Martin Armstrong to get the latest update. He sees gold going much higher in Q1 2023. The loss of faith in all governments keeps increasing. China is a lost cause as well. But the US is a beneficiary of everyone else’s misery. That’s just the way the world works.

Martin sees a major backlash coming in the aftermath of the 2022 mid-term elections. His model is questioning whether or not the 2024 presidential election will even take place. What could possibly happen to stop it and does it matter anyway? This is a must listen to interview.

Click Here to Listen to the Audio

Sign up (on the right side) for the free weekly newsletter.

Rising Star Trillion Energy Ready to Supply Much Needed European Gas

by Kerry Lutz
Financial Survival Network

Trillion Energy (OTC: TRLEF – CES: TCF – Frankfurt: Z62) is the right company, in the right place at the right time. It is poised to begin desperately needed European natural gas production within weeks. With energy prices going parabolic, gas supplies cut off and the Ukraine War drags on with no end in sight, Europe is facing a long cold winter and a decade of sky-high energy pricing. Russia has indefinitely shuttered the Nord Stream Pipeline, thereby cutting off much of Europe’s natural gas supply, in retaliation for Western sanctions. The pipeline won’t flow again until the sanctions are removed, according to Russian sources.

European natural gas and power prices are near record high levels. Electric prices in Germany and around the continent are now exceeding $1000 per megawatt, far exceeding the US’s average of $154! Staggering increases are negatively impacting businesses and consumers. Many have no choice but to go without. After seeing geometric electric price increases, many businesses, such as the UK Pub industry, may soon be history.

Fauci Net Worth Soared 66% During Pandemic

from Zero Hedge

The net worth of Dr. Anthony Fauci’s household soared a whopping 66% over the course of the pandemic, according to new financial disclosures obtained by OpenTheBooks.com. Fauci reported a Jan 1, 2019 net worth of $7,523,634. By Jan 1, 2022, it had grown to $12,677,513.

As director of the National Institute of Allergy and Infectious Diseases, Fauci was paid a 2021 salary of $456,028, making him the highest-paid employee in the entire federal government. His wife, Christine Grady, is chief bio-ethicist for the National Institutes of Health, does very well too, raking in a $238,970 salary last year.

Fauci is famously paid more than the president, and his wife collects more than the vice president. However, those hefty federal salaries aren’t the only driver of the Fauci household’s pandemic-era enrichment.

Continue Reading at ZeroHedge.com…

Laid-Off Workers Hired Quickly by Other Companies: This Labor Market Is Astonishingly Strong, Fuel for Fed Inflation Worries

by Wolf Richter
Wolf Street

It’s already playing a key role in every one of Powell’s press conferences.

Just about every day, there are stories of layoffs, but mostly small-scale layoffs, in the hundreds, 300 people here, 500 people there – of the 153 million employed people. Occasionally, there were layoffs of 1,000 or 2,000 people, and sometimes those are in global operations, with an unknown number in the US. Then there are large companies that are laying off staff in the divisions they’re trimming back, but they’re hiring in their other divisions, and often employees can get hired by another division.

Continue Reading at WolfStreet.com…

Worse Than Katrina? It Appears That We Just Witnessed the Most Costly Natural Disaster in U.S. History by a Wide Margin

by Michael Snyder
The Economic Collapse Blog

I don’t know if I have the words to describe what we have just seen. Summer just ended, and within one week we have already witnessed the most costly natural disaster in the entire history of the United States. There are some areas along the west coast of Florida that have literally been destroyed. Some have compared the devastation to the dropping of an atomic bomb, and that is not an exaggeration at all. The state of Florida has never experienced a storm quite like this before, and recovery is going to be measured in years.

When Hurricane Katrina hit New Orleans in 2005, it was a Category 3 storm.

Hurricane Ian had maximum sustained wind speeds of 155 mph, and that put it just 2 mph short of being a Category 5 storm.

Continue Reading at TheEconomicCollapseBlog.com…

The Bear Trap – Is It Finally Set?

by Theodore Butler
Silver Seek

What has been occurring in the gold and silver markets is nothing short of extraordinary. In the face of all objective and measurable conditions in the physical markets pointing to higher prices, instead prices have collapsed over the past six months by amounts comparable to the sharpest selloffs in history. From the price top of March 8, gold has fallen as much as $450 (22%), while silver has fallen by as much as $10 (36%) in recent dealings.

Yet, all visible signs point to extreme physical tightness, the likes of which I have never seen, in everything from the most persistent retail premiums in silver in history, to surging wholesale physical demand in India and China – all with no notable increase in actual supply. To an extent never witnessed before, the past six months have featured the sharpest divergence between surging physical demand and a steep and highly-counterintuitive historical price collapse. To any believer in the free market law of supply and demand, it has been the strangest (and most trying) time ever – or at least the strangest time in my near 50-year experience.

Continue Reading at SilverSeek.com…

DeSantis: MAGA Understudy or Saboteur?

by Brian Parsons
American Thinker

Since my foray into politics, I have come to understand that our system comprises insiders and outsiders and that Donald Trump was the consummate outsider. He was opposed by the system on both sides of the political aisle. Admittedly, I counted myself amongst the opposition. It was only when faced with a choice of yet another Clinton, whom we were told held a 95% chance of victory, that I felt a throw-away vote for Trump was in order. To my surprise, the bastard actually won. He wasn’t supposed to win.

Having come up through the ranks of the Ron Paul Revolution, I was keenly aware of a system whose entire existence is to perpetuate itself. Politics has been referred to as theater, and I would consider that an accurate description. As in theater, politics employs playwrights, directors, actors, stage managers, set designers, etc. We call them by different names, campaign managers, consultants, pollsters, activists, and politicians themselves. The goal of telling a story and arriving at a predetermined resolution aligns. Nothing is happenstance.

Continue Reading at AmericanThinker.com…

Public Schools Experiencing ‘White Flight’

Whether in response to pandemic closures or policy changes made in the name of “equity,” people classified as white are fleeing government-run K-12 in startling numbers.

by Matt Welch
Reason.com

Six months before the COVID-19 pandemic prompted mass school closures nationwide, a K-12 district in Brooklyn became the vanguard of a citywide, nationally watched push to combat “desegregation” through scrapping selective admissions criteria and instituting the algorithmic lottery system of “controlled choice.” Meaning, families would rank their choices for middle school, and the Department of Education (DOE) would feed those preferences into a complicated sorting process through which government can better control the racial and socioeconomic distribution among the schools.

These admissions changes, which affected incoming middle schoolers the year my eldest daughter was entering sixth grade in that very same district, was prematurely declared a success upon arrival by the progressive Democrats who had pushed them through.

Continue Reading at Reason.com…

Blue State Blues: California Politicians Can Pass Laws but Can’t Keep the Lights On

by Joel B. Pollak
Breitbart.com

California Gov. Gavin Newsom (D) signed forty-four new laws this week, according to an announcement by his office.

They span an astonishing variety of subjects, from the number of beekeepers on the Apiary Board to the use of telehealth in blood drives.

Just one week ago, Newsom signed another forty new laws dealing with climate change. There were a few major new rules, such as requiring California to reach 90% “clean” energy by 2035. The rest were a blinding barrage of detail that no one has read, much less mastered.

Continue Reading at Breitbart.com…

Four Horsemen of the Apocalypse On the March

by James Quinn
The Burning Platform

“The least-bad scenario is a hard landing, global recession worse than the 1930s. The worst-case borrows from the Four Horsemen of the Apocalypse: war, famine, pestilence, and death.” – Kenneth S. Deffeyes

“When hopes and dreams are loose in the streets, it is well for the timid to lock doors, shutter windows and lie low until the wrath has passed. For there is often a monstrous incongruity between the hopes, however noble and tender, and the action which follows them. It is as if ivied maidens and garlanded youths were to herald the four horsemen of the apocalypse.” – Eric Hoffer

I don’t pretend to be a biblical scholar or have any particular expertise in interpreting scriptures, and certainly not the Book of Revelation, supposedly written by John of Patmos during the reign of Roman emperor Domitian sometime between 81 AD and 96 AD. But I did suffer through twelve years of Catholic school, with plenty of time reading the bible for homework assignments.

Continue Reading at TheBurningPlatform.com…

U.S. Act of War Against the European Union: Did President Biden Order the Terror Attack Against Nord Stream?

by James Corbett and Prof Michel Chossudovsky
LewRockwell.com

Sabotage is the most likely cause of leaks in two Baltic Sea gas pipelines between Russia and Europe, European leaders have said, after seismologists reported explosions around the Nord Stream pipelines.”

According to European Commission President Ursula Von der Leyen “the leaks” into the Baltic sea were due to “sabotage”:

“Any deliberate disruption of active European energy infrastructure is unacceptable and will lead to the strongest possible response,” she warned, and urged and investigation to get full clarity on the “events and why”.

Danish prime minister Mette Frederiksen described them as “deliberate acts”, adding: “We are not talking about an accident.”

Von Der Leyen did not elaborate as to who might have been behind these “deliberate acts” of sabotage.

Continue Reading at LewRockwell.com…

Kwarteng – A Job Half Done

by Alasdair MacLeod
Gold Money

Following the new Kwarteng/Truss economic policies revealed in last week’s mini budget, the widespread condemnation is a reflex Keynesian response from a world which has become hostage to erroneous economic and monetary groupthink in its major institutions.

Kwarteng has jogged the global statist establishment out of its complacent drift into totalitarianism. His is a wake-up call to markets everywhere, a catalyst for the unwinding of accumulated market distortions. Mounting criticism from all quarters is shooting the messenger, but the message has been delivered.

In one important respect, the criticism is valid. Kwarteng must address the budget deficit urgently by taking steps to reduce the size of the state as a proportion of the total economy. Only then, can inflation be conquered, and the pound stabilise.

Continue Reading at GoldMoney.com…

Ross Geller Inspires Bank of England Policy

by Stephen Flood
GoldSeek

This morning the UK pound slumped as one of the world’s oldest central banks pressed hard on the panic button. The Bank of England was seen to be shouting ‘Pivot! Pivot! Pivaat!’ as they announced they would temporarily suspend their programme to sell gilts and will instead buy long-dated bonds.

In a statement, the bank said that they would be embarking on a “temporary and targeted” bond buying operation.

Although we expect it to be about as temporary and as targeted as a toddler with a paint gun. Unsurprisingly the markets did not see this as a vote of confidence in the British economy and almost anything associated with the former Empire has taken a beating.

Continue Reading at GoldSeek.com…

Drawing the Curtain On a Crazy Month – Monthly Wrap Up

by Craig Hemke
Sprott Money

After Powell pulled a 180 from his July FOMC in order to stop “transitory” inflation, markets have fallen sharply. Now there are hints of trouble for the central bankers ahead. Where the heck do we go in October? Host Craig Hemke sits down with legendary natural resource investor Rick Rule to break down all the gold and silver news you need.

In this edition of The Monthly Wrap-Up, you’ll hear:

– Why it’s in your interest for gold to go lower right now
– How this moment is “tailor made” to make money
– Plus: will we ever stop believing in the Fed?

Continue Reading at SprottMoney.com…

Vladimir Putin Set to Claim Wide Swaths of Ukraine After ‘Sham’ Referenda

by Tim Pearce
Daily Wire

Russian President Vladimir Putin is expected to annex parts of eastern and southern Ukraine on Friday, claiming that forced referenda across four occupied regions support Russia’s claim.

Western leaders are scrambling to respond to what many have condemned as a “land grab,” according to Politico. Putin’s move has raised concerns that Russia is committing itself to long-term conflict with Ukraine, and that a resolution to the war may be much farther off than European and North American leaders were hoping.

Continue Reading at DailyWire.com…

Hypochondriacs and Virtue Signalers Cause #BringMasksBack to Trend On Twitter

If masks work, why haven’t they worked?

by Steve Watson
Summit News

Four vaccines later and with even the likes of Joe Biden admitting that the pandemic is over, there are still hordes of people who want to continue to wear face masks and to force others to do the same.

The terms #BringBackMasks and #BringMasksBack are currently trending on Twitter, along with ‘World War III’.

[…] Why? Because these people are still out there:

Continue Reading at Summit.News…