from FinancialSurvivalNet
Ranting Andy Hoffman put in an appearance for his Monday rant today. We agree that so goes Hostess Brands and the Twinkie, so goes America. Unionization has long since stopped being a positive for workers and has now become just another means of wealth destruction. 18,500 people are now unemployed due to union intransigence. But the Twinkie will be reborn when the Hostess brands are purchased out of bankruptcy. The market lockdown in anticipation of the elections now seems to be over. Silver and gold are up. When will the next raid and the next intervention occur? That’s anybody’s guess, but obviously when it best suits the Elites.
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Dan Collins is our man on the street in Shanghai China. While there’s much controversey over the Chinese economy, Dan sees things as improving and more Chinese are being lifted out of poverty. Yacht sales in China have increase 700% in the past year, probably from 1 to 7, but luxury goods purchases in China now account for 25% of global demand. And this doesn’t include Chinese tourists going overseas, picking up that Louis Vuitton bag for a song. The wealth shift from West to East continues unabated.
Our old friend Nick Santiago of InTheMoneyStocks.com is first and foremost a contrarian. If you’re buying, he’s selling and if you’re selling, he’s buying. He called Apple a sell at $700 (it peaked at $710) and now he believes it’s a buy at $525. Contrarian investing requires a healthy dose of skepticism and tight control over emotions. It’s hard to make the right decision when everyone else is telling you you’re wrong. Nick is also long gold and silver and believes that the greatest bull market in history is about to resume it’s amazing upward trajectory.
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Belinda Mays had a problem. The Great Recession hit and her career in commercial real estate was suddenly over. She needed to find something else to do and fast. Her position was not unlike many of you out there. After a short time period, she got over her grief and anger; she did a personal inventory and discovered a number of personal skills and assets that formed the basis of her business. Thus was born The Success Project, and she’s never looked back. We can all learn a great deal from Belinda about following our dreams and our passions.
Chris Duane joined us today. We discussed the pseudo-seccesionist movement. Chris thinks it will wind up being co-opted just like the Tea Party was by the same statists who run things now. Just like we are presented with the illusion of choice every four years, we’re also given various movements that appear to be supporting real change but in reality are supporting the status quo. Therefore, real successionism starts with the individual. The same thing with preparation, it starts with a prepared mind. Which is why opting out of the system, as much as you are able, is essential to your mental well-being.
Bill Cobb spent much of his career working in large corporations. Now he’s helping individuals turn their ideas into gold. Unlike many, Bill has actually studied entrepreneurism and what makes new businesses most likely to succeed. Did you know that a business started by 5 people is 5 times more likely to succeed than a solo venture? Bill has much more sage wisdom packed in his new book Business Alchemy: Turning Ideas Into Gold. If you can’t find a job, then creating a job may make sense for you. Especially if you can combine it with an interest or personal passion.
Eileen Workman is a forward thinker. She foretold the economic collapse of 2008-09 many years before it occurred. Now she believes that we are heading into a new Wisdom Economy where people pursue their passions and work for everyone’s benefit. While we’re not convinced that that man is yet ready for this new paradigm, we do believe that rapid and fundamental change must happen around the world and quickly too. Modern life has created too many conflicts, both among people and governments. All too often these disputes get settle with violence making us all the poorer. So perhaps Eileen is really on to something.
Kris Miller has been helping people retire early for years. While FSN is concerned about the potential economic collapse looming on the horizon, no one knows if and when it’s actually going to happen. So it’s important to be prepared for the system to muddle onward for a number of years as well as preparing for it’s possible sudden implosion. And if it continues, Kris’s strategy has a lot going for it. You receive income for life without little or no risk. The type of annuities she’s espousing have been carried on in one form or another since the Middle Ages!
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Ann Barnhardt is on a mission. She refuses to accept the legitimacy of the Federal Government. She’s opted out of the tax system and is now facing the wrath of the IRS. She’s unwilling to go quietly into the night. She believes that we are facing a neo-Stalinist totalitarian wave that will make us all unsafe. She believes that we are facing a new Civil War and that few will be left standing. Unless you make your stand now, you won’t be able to do it later. For those with families, this is an incredibly hard thing to do. But what are the alternatives. Our country was not founded upon cowardice and fearing the consequences of doing the right thing.
Robert Ian is well known for his workshops where he teaches executives and their companies how to Conquer Change. That means he’s been thinking about the emerging America for many years. He’s not at all encouraged and doesn’t believe that prosperity is just around the corner. Therefore, he’s working hard to help people save their wealth and their families from the coming economic downturn. Robert believes that now the election is over, things will start heating up and the pace will increase dramatically. Robert’s a close friend and we always take his views and advice seriously.
Michael Hall is an Innovative Coach, Bestselling Author and YogaTeacher. He believes that the key to succeeding is falling down and then getting back up on the “horse.” When someone is motivated and following their passion, they’ll easily be able to surmount just about any obstacle that is thrown in their path. All great successful people have encountered roadblocks and other barriers on the road to success. But rather than seeing them as a negative, they view their setbacks as stepping stones. And that is what makes all the difference.
According to Jim Willie, gold, far from being a barbarous relic, is about to resume its historical role as the main pillar of the world’s monetary system. China, Russia and Germany are looking forward to the day when the dollar loses its primacy and a new system is crafted to restore stability, and to facilitate world trade. Jim has numerous highly placed sources around the world’s financial system. They’re all telling him that a new trading system will be implemented as soon as the dollar hits its nadir. And when it comes to storing your gold, Jim believes there’s only one place you should consider: Hong Kong. He feels that HK’s business ethics are the world’s highest, and that Mainland China is intent on keeping it free and prosperous.
Every month, Charles Biderman digs through reems of government produced statistics. Often he finds them of little or no value. In fact, he accesses real-time economic data that is far more current and accurate than what gets released by the government statistics mills. For example, rather than relying on government surveys, Charles goes right to Visa and Master Card to get up to the minute information on retail sales. Labor statistics are another area of deliberate obfuscation and concealment. By simply accessing social security and payroll witholding reports, the government has the ability to issue real time jobs stats. Instead, they go through a convoluted survey process, which then needs to be seasonally adjusted and is inaccurate anyway. Perhaps accurate statistics would undermine the political advantages that these reports are often used for.
Stephanie Skaggs has spent a life time helping entrepreneurs set up businesses and obtain needed capital. Since the financial collapse, her services are more in demand than ever. FSN believes that individuals need to become economically self-sufficient and that you can do that by discovering your passion and building a brand and business around it. It’s what most of us will need to do to keep going through these difficult times. Stephanie is a master getting your company up and going. Hope you enjoy the variety from our usual topics.
Rick joins me to discuss the election outcome, what it means to the economy, your taxes, your assets and your life. We also discussed Hurricane Sandy and its aftermath. This level of destruction has never before been visited upon the Middle Atlantic States. Whole communities were literally washed out of existence. This clearly demonstrates the need for personal and community-wide disaster planning. Storing of adequate food and water as well as self-defense items is essential to your survival.
Turd Ferguson interviewed me today about my upcoming book, F*ck Wall Street! Go For The Gold, the election and the state of the world economy. I’m used to running the interview so it’s always interesting when the shoe is on the other foot. Turd’s incredibly knowledgeable about the financial and precious metals markets and has some highly placed very credible sources. He shares the same mission as I do, helping you to prepare for the coming financial collapse. We talked quite a bit about preparing and getting into the proper survival mindset.