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.
Sign up (on the right side) for the free weekly newsletter.
How wide open is too wide a wide open border?
Recently I was watching a short documentary about the history of political discourse and division in the US and it got me thinking about how the internal conflicts of the past might relate to the rampant social battles Americans are dealing with today. From early disagreements between various Founding Fathers on hot button issues like the Sedition Act, central banking and standing armies, to epic and disastrous conflagrations like the Civil War, America has never been “of one mind” on everything.
In this week’s episode of Finance Paul and I discuss the huge moves taking place that confirm the notion that huge, tectonic moves are taking place on the world economic and financial stage.
May 22 (Reuters) – Gold prices dipped over 1% on Wednesday as the gold rally cooled with investors booking profits, as traders pulled back from bets on Federal Reserve’s rate cuts this year.
A group of several dozen migrants joined liberal Democrat politicians in New York City on Thursday to protest for even more government benefits for “newcomers.”
OK, file this away under the category, “Things that drive me nuts.”
In late March, the Texas Permanent School Fund (TPSF), a perpetual fund established to support Texas public schools, announced it was pulling $8.5 billion from BlackRock. The TPSF pulled this money because the asset manager was using investor funds to push Environmental, Social, and Governance (ESG) practices by boycotting fossil fuel and energy companies. While BlackRock holds some shares in fossil fuel companies such as ExxonMobil, Philips 66, Occidental Petroleum, and Valero Energy in its massive portfolio, over the past several years the company has called for “Sustainability as BlackRock’s New Standard for Investing.” That means it actively encourages other companies it owns shares in, such as large financial and insurance firms, to shift away from fossil fuels. Hence the 2021 Texas law requiring state agencies to divest from companies that “shed investments to reduce greenhouse gas emissions,” which TPSF cites in its letter to Blackrock.
The globalists are apparently trying to see how close they can get to the precipice without causing a cataclysmic nuclear war to erupt. They are telling us that “momentum” is building to send NATO troops into Ukraine, and they want to allow Ukraine to use western missiles to hit targets deep inside Russia. Have they gone completely and utterly insane? They are literally dragging us to the brink of nuclear war. And once the Russians conclude that nuclear war has become inevitable, they are not just going to sit back and see what happens. The Russians have been preparing for a nuclear war for many years, and they understand that whoever strikes first will have the best chance of surviving.
During times of volatility it is always important to take a step back and focus on the big picture, and the big picture for gold, silver and commodities is extremely bullish.
I have tried to provide accurate analysis of the conflict in Ukraine. This is not a simple task as there is little publicly available information about how the Kremlin sees the widening of the conflict. France has sent troops. The US Secretary of Defense said that eventually NATO troops will be deployed to Ukraine, and European governments are preparing for war with Russia in 4 or 5 years.