from FinancialSurvivalNet
Martin Armstrong the legendary cycle investor shared his thoughts on where the world economy is heading, and it ain’t pretty. The good news is that he doesn’t believe that hyperinflation is possible within the US. The bad news is that the current system is spinning out of control and there’s no one watching the store, especially when it comes to the real money supply. Banks and financial institutions use the ever increasing supply of sovereign debt to further inflate the supply of money. And it all comes back to the US, where it faithfully earns interest and further depletes the supply of real wealth. Unfortunately, there’s no solution that any politician who’s concerned about re-election is willing to embrace. So that means that the final collapse is just a not so Black Swan away. It’s either that or another Bretton Woods type conference where world economic leaders meet and cobble together a new monetary system. Martin’s interviews are always compelling and thought provoking and this one is no different.
Click Here to Listen to the Audio
Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.
Greg Hunter built his career working various mainstream media outlets. He was at CNN when he noticed that once reputable news groups were no longer interested in covering the real news. Whether it was the popping of the real estate bubble, the economic collapse, or Sherrif Joe Arpao’s investigation into Obama’s birth certificate, the media now refuses to cover stories that don’t support its view of the world. But fortunately the internet has enabled curious minded people to tap an unlimited number of sources to uncover the truth. And this is the key to surviving and thriving in the new economy. All the institutions that you once put your faith and trust in, are no longer worthy of either. But you have a choice, go for what’s real and what has lasting value. More and more people are doing it and so it’s no wonder that the mainstream media becomes less relevant by the day.
Charles Biderman is one of the savviest investors we’ve come across in a very long time. He’s long gold and inflation protected securities as well as being short a number of sectors that he believes will be the next crash victims. We asked him frankly if there was a market in the world that was not rigged and was functioning as it was intended. His answer was an unhesitating and resounding NO! The unabated flow of free money given out to the favored Too Big To Fails and other financial institutions has completely corrupted the financial system. It’s no longer a place where capital gets allocated and growing businesses get needed financing. Which is why companies use the free money to buy back their stock instead of expansion. And until the government lets it all fail, nothing can change.
Nick Santiago of 
Dr. Yaron Brook, head of the Ayn Rand Institute joined us for a discussion about the upcoming presidential election and his new book, Free Market Revolution: How Ayn Rand’s Ideas Can End Big Government. It’s shocking to think that the United States achieved its greatness, largely through the operation of free market economics and that now we must all hope for a Free Market Revolution. The Founders would not believe the state of the country they founded upon the unique principals of limited government and individual sovereignty. But these concepts are finding new audiences and they are resonating with college students who’ve acquired six figure debts with very poor career prospects to show for it.
Joel Stern studied under Milton Friedman and knows a lot about how the world’s economy got where it is today. He’s worked with countries, companies, and has been teaching students about the virtues of the free market and its ability to lift the human race’s level of prosperity and contentment. The Rule of Law is the cornerstone of economic and individual freedom for decades. In the US today, the Rule is eroding and this poses a threat to everyone’s liberty and their pursuit of happiness. Hopefully with people like Professor Stern fighting the fight, and others joining daily, freedom will advance around the world as well as in its birth place, the United States.
Ranting Andy was recently interviewed in the TheDailyBell.com, one of the top libertarian freedom thinking sites in the world. They’re out of Switzerland and they’ve interviewed hundreds of the top freedom lovers around the world, including yours truly. But Andy’s interview set new standards for his of the economic free fall that the elites have been trying to cover up for years. Andy believes that these elites can’t control much of anything anymore, besides interest rates and the money system, and that their ability to do even these tasks is rapidly diminishing. But the final chapter has yet to be written, so we’ll just have to see how it all works out.
Perhaps you’re unaware, but the unravelling of Europe continues at an epic pace. One half of Europe would like to live at the expense of the other half. And the people paying the bills are quickly getting fed up with the moochers. How much long will Finland put up with it, let alone Germany and the other producing nations that feel like total patsies? Thid is the important question. Usually, as Bob Hoye explained, major collapses take place in the Fall. No one has the appetite to address tragedy in the summer. The Europeans have extended vacations planned and besides, the deposits have already been paid. So what’s a few more months, when your vacation is hanging in the balance?
George Matheis is our go to guy for all matters concerning preparation and self-defense. George has gotten extensive training in these areas and has been teaching law enforcement professionals for many years. Therefore, when he explains how to avoid becoming a target, we all should listen. First, when going out to public events, always map an escape route. This will help you in the event of fires and other emergencies. If you know how to escape, you’re odds of survival go way up. Also, situational awareness is key. Know your surroundings and be aware of potential threats and dangers. And in the event of injury, to yourself or others, some basic first aid can go along way until the paramedics can reach you.
The latest Flash Crash Blast. A lot of stocks got slammed and then came back resoundingly. It happened to big stocks and small stocks alike. Knight, the market maker responsible for it could be facing insolvency as a result. If things are going to wrong, they will go wrong in the fall. The corporate bond market has been rallying like crazy but appears to be getting close to its high. It looks like its time to start lightening up on them and perhaps treasuries as well. It made an Eiffel Tower pattern with a clear downside pattern ahead. The same is likely to happen with the emerging market bonds. People have been chasing yield and looking for it in all the wrong places. Interestlingly commodities may also take a hit. They’ve risen in large measure due to the Midwest drought. There could be trouble this fall. The last 5 crashes going back hundreds of years have always occurred in the autumn. Will this crash be different than the rest?
Dudley Baker is an eternal optimist, but with good reason. Through his service 
Diana Zoppa has been an indispensible part of the Freedom-Based. Libertarian site 
The Mercenary Geologist and I got together for our monthly review of the markets. There was lots of action, but what a difference a day makes. But the important issues of the day far eclipsed the market wrap-up. The Fed basically said nothing, other than they are very concerned about the poor state of the economy and will do what needs to be done, can anyone say money printing? Oh and by the way, the US Postal Service is broke, insolvent and bankrupt. They’re going to miss a $5.5 billion payment towards retiree health benefits that they would like to do away with anyway. There was another major flash crash that took place at major market maker Knights operation. But never fear, the SEC is on the case and heads are not gonna roll.
Casey Research’s Ed Steer joined us for a look at the stunningly blatant manipulation that took place today in the gold and silver markets. The moment Ed hit his send key on today’s gold and silver report, he knew what was going to happen. And as usual, he was not at all disappointed. Ed says that the biggest problem for investors today, is that they have to overcome market psychology and buy the precious metals in a falling market. Very few people have the stomach and the nerve do this. But as a recent guest said, “You’re either a contrarian or you’re a victim.” The choice is yours.
Ed Caccia live in the studio. He’s a big fan of the Financial Survival Network and he’s getting angrier and angrier at Mayor Nanny Mike Bloomberg’s ever more tyrannical and fanatical efforts to dictate every aspect of your life, from how your children get their nutrition, to how many sodas you consume to whether or not you have the right to keep and bear arms as embodied in the Second Amendment. In times of crisis the government is like your un-wanted, un-loved brother-in-law (FBI). He wants to move into your house, live at your expense and then complain that the house isn’t clean and that your wife is a lousy cook. How dare these people! Who do they think they are? Whatever happened to the notion of personal responsibility. Ed and I share a special bond as fellow New Yorkers and Westchesterites. We’re both fed up and the ultimate move out of the People’s Republic of New York gets ever closer.
Jordan Roy-Byrne is a frequent contributor to Financial Survival Network. He’s seeing a definite precious metals’ market bottom and says there’s a number of confirmatory signals that have been flashing as well. Perhaps the most important indicator is that the amount of gold purportedly held in GLD (the Gold EFT) has been declining, at the same time that the gold price has been rising. This is a sure sign that retail investors have capitulated and that the next leg of the bull market is about to begin. And as Jordan indicated, the majority of profits are actually made at the end of the bull market, rather than the early stages. Since this market’s heading higher for 12 years, there’s definitely much more to go. Buckle your seat belt and hold on, it’s going to be quite a ride.
Chris Duane was with us today, and he’s eased off his economic educational pursuits. He believes the system’s days are rapidly coming to an end, and he’s making plans on what to do when that inevitable day happens. After all, there’s only so much you can say about the collapse and the corrupt system. Now it’s time to get ready for life after the great crash. Do you go to another country, an island, or just stay and fight. These are questions all of us will have to deal with in the near future. Better to start preparing now, than to have to make the decision without adequate thought and time.
Turd Ferguson of 
Adrian Fleming is a serially successful gold miner, and his latest venture looks to be a repeat performance of his last four winning ventures. The company’s property at Kiyuk Lake, Nunavut, Canada looks extremely promising. Right now he’s planning to do a detailed geo-chemical analysis of the entire 590 kilometer property to find the best potential drill sites. This will conserve the company’s capital, of which there’s enough to finish the program and bring the company well into 2013. As we all know, mining issues have been hammered into the dust recently and pessimism is ruling the day. However, while this market may not be like any other, all bear markets eventually give way to bull markets, especially when profits are rising and great new mines remain scarce.
Dr. Charles Nenner is a legend in technical/cycle investing. David Gurwitz is managing director of Charles Nenner Research, and he joined us today for a look at the current state of the markets. CNR has thousands of clients around the world, and their research calls have shown uncanny degrees of accuracy. Right now, Nenner thinks gold will be going up to $2500 and silver will be heading back up to $50 in the not too distant future. He’s waiting for a few more technical indicators to confirm and make the call. We’re going to be checking in regularly with David and Dr. Nenner to keep track of the accuracy of their predictions.