from Kerry Lutz's Financial Survival Network
Kerry and Doug Casey discussed a range of topics, including the revolution in Argentina, the real estate market in Argentina and Uruguay, the US political environment, the surging prices of gold and silver, and investment opportunities. They explored the election of an anarcho-capitalist president in Argentina and the country’s global significance, as well as the potential impact of a ruling cabal. Doug Casey shared his personal experience of purchasing a large penthouse in Buenos Aires at a fraction of the cost compared to a similar property in New York, and suggested Uruguay as an attractive option for individuals seeking waterfront properties at a more affordable price compared to the US market. The discussion also delved into the US political environment, with Kerry and Doug exploring Trump’s potential approach to the presidency, the deep divide between Republicans and Democrats, and the potential for election manipulation. They expressed concerns about the impact of this polarization and predicted the Democrats’ victory in the upcoming election. Additionally, they discussed the surging prices of gold and silver, with Doug expressing his strong belief in the continued upward trajectory of gold prices, citing the current global economic situation and substantial money creation as key factors. Finally, they highlighted the potential for growth in energy and mining stocks, particularly given their small market caps and historical underrepresentation in the market.
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Back in August of 2023, precious metals expert and financial writer Bill Holter predicted there was a long list of financial trouble coming to America. A short list of problems is the commercial real estate implosion, CV19 vax injuries and deaths, deposits leaving the banking system and war all coming to a head between now and the 2024 Election. Holter starts with the CV19 bioweapon vax, “It turns out it was a kill shot. I guess you can say it adds to the timeline where they have to kick the table over because . . . they are going to have to hide that. That has to become back burner. Once you get a majority that is awake to that, you are going to have people pissed off all over the world. This is an election year, and I think the next six months are going to be completely insane. The deaths are increasing, and the knowledge that the (CV19) vaccine is the cause is spreading. They are going to have to bring something up to put that on the back burner, and that is probably WWIII.”
When predicting the future, we’re best served by following “what benefits the wealthy and powerful,” as that is the likeliest outcome.
This morning Spain’s Deputy Prime Minister, Yolanda Diaz, released an announcement to “celebrate that Spain recognizes Palestine State. . . [which] will be free from the river to the sea.”
Martin Armstrong is one of the most influential economists of our times. Someone called him the “Forecaster”, because that was the title of the biopic film that helped make his activities known throughout the world.
This pullback in prices might provide the best opportunity buy gold and silver before China’s continuing demand drives them far higher.
Back to the future: With repos, not QE, is how central banks handled issues before 2008. The Fed also revived tools to go back into that direction.
Former President Donald Trump addressed the Libertarian National Convention on Saturday to make an explicit appeal to libertarian voters. It did not go over well. The crowd booed Trump for the duration of the speech. There were some MAGA supporters in the room who had come in just for the speech and were not otherwise involved with the convention; when they started chanting “we want Trump,” they were drowned out by more familiar libertarian cheers, such as “end the Fed.”
This week, a lot of people and institutions got “punked,” that is, humiliated, by their own actions. Of course, the eternal punkees, as Hussein Aboubakar so brilliantly notes, are those who bought the Nakba myth by which Arab rulers instrumentalized the Palestinians for their own ends, a myth which ended with the Abraham Accords.
On April 4, speaking at a NATO Summit, US Secretary of State Antony Blinken stated that “Ukraine will become a member of NATO. Our purpose at the summit is to help build a bridge to that membership.” This is an exceedingly dangerous statement.This latest statement continues the trend of making promises to Ukraine that it may one day become a member of NATO without offering a concrete timeline. This is the worst of all possible worlds: such implicit promises provoke Russia, which has stated on multiple occasions that the prospect of NATO membership for Ukraine is a red line, while doing nothing to enhance Ukraine’s security.
Supreme Court Justice Sonia Sotomayor, who almost always sides with the liberal wing on decisions, admitted to sometimes crying after certain rulings in favor of the conservatives.
You’d have to be hiding under a rock to be unaware that inflation is one of the most pressing issues of our time. After a shocking 23% increase in the cost of living since 2019, all but the wealthiest of Americans are getting squeezed and seeing their living standards plummet at an alarming rate. Grinding inflation is causing once-affluent people to become merely middle class, former middle-class people to become working class, while working class people are being forced into the ranks of the working poor and even the destitute. According to the most recent Gallup Poll, inflation was America’s number one worry with 55% of people polled saying that they worried about inflation “a great deal,” while the latest Fed survey showed that two-thirds of Americans believe that inflation has made their financial situation worse.
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that the ultra-wealthy are now buying physical gold. This is what happens in phase III of a bull market.
CBS host Margaret Brennan called out Transportation Secretary Pete Buttigieg for defending Joe Biden’s electric vehicle mandate.
One of Russia’s most important early warning radar installations that was designed to track incoming nuclear missiles was destroyed on May 23rd, but the big corporate news outlets in the western world are hardly saying anything about it. Without that installation, there is a giant hole in Russia’s ability to track incoming missiles from the direction of the Middle East. So this is a really big deal. During an all-out nuclear war, early warning radar installations would be among the very first targets, and the Russians are telling us that according to their nuclear protocols the destruction of the Armavir Radar Station could have allowed them to conduct a nuclear strike in return. Thankfully, that did not happen. But this should have been front page news all over the world.