from FinancialSurvivalNet
Paul Lim is an FSN listener who lives in the great state of Texas. He was fully invested in the financial system till one day he awoke to realize the fraud of fiat currency. From that point on he started buying bullion. He never pictured himself becoming a stacker and yet now here he is. Stories like his and your are why I created the Financial Survival Network. If you have a story to tell us, please send an email to kl@kerrylutz.com. We answer everyone.
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Arch Crawford of 
The election is in just a week. The perfect storm is going to hit the East Coast today and the Economic Perfect Storm is coming right after the election. While the elites have kept the markets in near perfect check during the past 6 months, it appears that economic fundamentals are beginning to assert themselves and this is not a positive outcome for the stock market or the economy as a whole. Which is why purchasing gold, silver and food is essential to you and your family’s well-being. All three are readily available now. They are in plentiful supply, but who knows how long that will last for? The time to buy is now.
We’ve been telling you about the Silver Circle Movie for over a year. Finally, it’s been released and it has exceeded everyone’s expectations. Set in 2016, the US is completely dominated by the Federal Reserve. From the economic life to social experience, life begins and ends at the Fed. However, there’s a group of rebels who are trying to put an end to this form of modern slavery. They produce Silver Circles, an alternative to the ever depreciating fiat currency the Fed lavishes upon the populace. Every conspiracy theory is equally depicted here, from Chemtrails to precious metals confiscation, none are excluded. There’s also a love angle and cause for widespread hope. You don’t want to miss this production by Pasha Roberts, former MIT Quant and movie producer. He and Megan Duffield, along with the rest of the crew, have outdone themselves.
Orko Silver seemed to hold so much hope for substantial returns. They were in a joint venture with Pan American Silver and the future looked bright. After all, Pan American had spent over $18 million dollars on their resource. But then the unthinkable occurred, Pan American walked away. Orko’s stock collapsed overnight and so did their prospects. We must confess to owning this stock. But now, Orko is back and they’re actively seeking to be acquired. According to management, serious negotiations are underway, which could lead to large returns. Will this merely be another disappointment, or will the their hopes be fulfilled this time out? Stay tuned!
Peter Megaw is a geologist and has spent the past 25 years on the hunt for large precious metals resources. In his role at Mag Silver, it appears that he might just have found the mother load. They’ve got two potential world class projects ready to start production in Mexico. And the world is starting to take notice. The stock just hit a 52 week high, in spite of the recent precious metals’ price instability. No wonder why Peter’s spending more time at the mining camp than in the bedroom. Because as he said, finding and developing a world class mine can be better than sex!
Gus Demos has long been an advocate of competing currencies. When he urged Chris Duane to design a coin for Chris’s web followers, he had no idea what he was about to unleash. In a little over a month, they’ve sold over 50,000 of these attractive 1 ounce silver coin. They’ve also made a point that silver is really money and that thousands of people are willing to put their fiat money where their mouths are. This is obviously the start of a much larger trend and we’re going to see a lot more from this group.
Ron Hera is a close friend of FSN. He’s one of the brightest mining stock analysts and economic commentators out there. He’s postulating a new theory, mainly that after four years of near economic collapse, there’s not going to be one. Hyperinflation remains a theoretical concept and the government will simply keep steeling our wealth, indefinitely. His theory follows that as long as the rest of the world is willing to engage in mutually assured currency debasement, gold and silver will go up, but the system will continue on unabated. We do take issue with some of the theory, but believe in the final analysis that n government can avoid economic reality or the will of its people.
We caught up with Jeff Clark, publisher of Casey Research’s Big Gold after a rousing discussion about where silver is and where it’s heading. The market is so small with so little surplus capacity, that a demand spike could easily result in a major mania. Of course the tree does not grow to the sky, but it can get very tall. Jeff offered a number of scenarios that put silver’s peak price well over $100, approaching several multiples of that. It’s not very difficult to envision these types of situations emerging from the world’s chaotic economic system.
Chris Duane and I have been talking about the demise of the Western Economy, precious metals and the hope for a better world for over a year. During that time we’ve become close friends, but until now, we never met face to face. Chris was invited to speak at the Silver Summit and we finally connected. It’s amazing what the internet has done for personal relationships. There were no awkward introductions, we were just two friends getting together like always. Listen in and hear Chris’s latest insights. And don’t forget to buy the Silver Bullet Silver Shield Coin. The latest design is quite nice and will become a real collector’s item.
We caught up with Bix Weir during the Silver Summit. He’s made some amazing discoveries about the on-going silver manipulation scheme. HSBC no longer has a precious metals derivatives portfolio. Rather, they’ve been replaced by Citibank. Banks getting into and out of major derivatives schemes is not an every day occurrence. Something major is going on, but unfortunately due to the lack of transparancy and outright fraud taking place in the public markets today, it’s impossible to know what is really taking place. Could this be the long awaited implosion of the market? Possibly, but we’ll have to wait a little while longer to find out.
Imagine a major silver project hiding in plain sight in San Bernadino California. This small company could be sitting on a huge silver deposit. And while we can always argue about the US’s political stability, we can’t argue about infrastructure, labor force quality and the ability to bring the project to market. This company is one that we were very excited to connect with and it could hold large potential. But as you know, junior miners are extremely risky and require a very stringent investment approach. So be sure to do your due diligence and invest wisely.
Mike Reid of 
Dr. Yaron Brook of the estimable Ayn Rand Institute was with us to share his take on the latest Presidential debates. And while he feels that Romney is the nominally better candidate, neither of them are winning any awards for free market economics or an intricate understanding of why the Free Market is the answer to what ails America and the World. Obama is a collectivist/statist and Romney is a pragmatist/statist, so choose your poison. Unfortunately, the US will have to again learn the hard way that no other systems works like a free economy in a free world.
Danielle Park believes it’s time for all the parties to come together and build a consensus and start agreeing on solutions to our common problems. Compromise is the key to finding common solutions, but first there must be an agreement that the current problem is dire and cannot be solved otherwise. The US and the World are facing a bankruptcy of unprecedented proportions. If the governments do not have an immediate reality check, the result is going to be catastrophic and every individual will suffer.
David Selig is a former marine and an active accountant, regularly doing battle with the IRS and State Tax Authorities. He believes that events are developing that will the government to confiscate metals, in order to keep the system functioning. He’s seeing early signs now and believes that the Supreme Court will be the ultimate aider and abettor. While he’s hopeful that the populace will revolt against such outrageous restrictions on their freedom, he has doubts. Which is why the key to surviving and thriving is to have a plan and keep it to yourself.
Trace Mayer of 
In an effort to win the election, the Administration is manipulating the uranium market price to curry favor with the labor interests in Ohio. Investors are not anxious to finance uranium miners when prices are so depressed. This will lead to depressed production and lower prices. And with the government’s huge Uranium stockpiles overhanging the market, one wonders if they can go any lower. Prices often do go lower later in the year, so there might be more declines to come. After the election, the administration will have less incentive to intervene and prices could again go higher.
According to Ray Dalio’s theory, government can somehow engender growth and allow austerity to reduce debt. This Panglossian view just can’t happen in modern America. Everyone wants to know if this is going to be an ugly deflationary deleveraging or an inflationary deleveraging. Is Romney the man to come forward with the plan to cure what ails the country, probably not. GDP is actually contracting and therefore, without growth there will be no desire to reform the monetary and political systems. Have no fear, the market will take of these ills.
Precious Metals raids are common place. But has anything occurred to make a reasonable investor think that the long term prospects of gold and silver has turned negative? Rather, the opposite have happened. Central banks are engaged in unlimited money printing, central banks are buying and precious metals ETF ownership is increasing. Until the general fundamental picture changes, this bull market remains very much alive, regardless what any of the so-called experts proclaim. Rumors of the death of this bull market are greatly exxagerated.
With QE to Infinity now a world-wide economic policy, investors need to look at many different metals such as Platinum, Uranium, Steel, Copper and others. Investors are beginning to believe that China’s incoming new leaders will be putting into place a massive stimulus program that will result in higher commodity prices across the board, but especially for base and precious metals. Jeb will be having a workshop at the HardAssets San Francisco conference. Make sure you say hello to FSN and Jeb if you’re attending.
Bill Holter is writing exclusively for our friends at Miles Franklin. He put out two great think pieces today. First, he examines the Bernank’s strange comment that QE3 isn’t bad for the world’s economies. Next he’ll want you to believe that Castor Oil tastes good going down and that the government is really here to help us! Where do these people come up with these claims. Next, Bill wrote a piece about buying precious metals, primarily for the newbie, but we can all learn something from it. He’s recommending 1 bag of 90% (junk) silver per family member. This will facilitate bartering for food should that be necessary. Exactly the widsom we’ve come to expect from Bill.
Charlie McGrath is a well known radio personality and host. You might call him a prepper, but certainly not an ultra-prepper. He believes, as we do at FSN, that its important to have a plan. Most of us wouldn’t have a clue what to do if the ATM/Credit Card Network shut down. There would be mass chaos and pandemonium. Do we believe such an occurrence is imminent or even likely, no. However, it is a possibility, which is why you should stock up on some food, have some precious metals nearby and perhaps a means of defending you and your family. The costs of such preparation are quite minimal. 60 days worth of food is just a few hundred dollars. And preparing a plan is free. The choice is yours.
Gary Wagner of