from Financial Survival Network
Former Senator Adlai Stevenson III has seen many things during his long life. He never believed he would live to see the decline of the greatest country in the world. The blunders that have taken place during the Ukraine uprising have shocked him. But it’s all part of the decline of the country he once served.
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Former Congressman John LeBoutillier joined us today for a discussion about our hopeless government. So what if the Republicans take over congress this November. They have no vision and no plan for the future. They won the special election in Florida with an inferior candidate in a district that Obama took twice, all because of Obamacare. It still won’t matter if they don’t have a plan for the future. They’re unprepared to lead.
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New York City needs $50 billion for infrastructure over the next 5 years. But what about the children? This is where the obvious failings of New York’s first openly communist mayor are going to shine. The money just isn’t there and while Gotham crumbles, he’s playing his fiddle and worrying about universal pre-k, a proven failure. And what’s with the war on E-cigs. These seemingly benign little products of technology offer millions of smokers the hope of finally kicking the habit, but government just can’t seem to allow it. That and more on this edition.
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We caught up with Joseph A. Klein today. While Putin is busy taking over the Crimean Peninsula Obama skips a national security briefing and then is out golfing in Florida. Joe Klein says it’s more of what we’ve come to expect from the current occupant of the White House. Russia has held these ports in the Ukraine for more than 300 years. Shouldn’t the US have seen this coming?
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Trace Mayer got in on the ground floor of bitcoin. Don Harrold has been talking about money and investing for more years than he cares to remember. Trace thinks that bitcoin is the currency of the future. Don is skeptical and believes there are privacy and safety issues that many members of the public need to be made aware of. Both men are extremely intelligent and worldly. Their hour long debate/discussion is quite compelling and discusses a number of issues that you need to hear.
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Sandy Botkin the Tax Avoidance expert was back with us detailing a dozen scams that the IRS is warning taxpayers about. Some of them were downright ingenious. No wonder millions are falling prey to them. But we deconstruct them and give you practical advice that will help you avoid the scammers. Sandy’s got some tips you won’t find anywhere else.
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We caught up Mark Skousen, founder of the Libertarian hoedown Freedomfest, and well known writer and Libertarian commentator. This year’s Freedomfest promises to be better than all the rest. It will be held at Planet Hollywood in Las Vegas. The theme will be Is Big Brother Watching You? P.J. O’Rourke, an FSN favorite, will be appearing for the first time. Try to attend if you can make it.
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We caught up with Danielle Park of Juggling Dynamite. On Friday China had what some are calling its “Bear Stearns Moment”. For the first time ever in the history of the People’s Republic, a domestic company announced it could not make an interest payment due on one of its loans, and Beijing did not intervene or lean on creditors to suppress their claims. In allowing the first ever bond default to proceed, the concept of risk has been introduced to the Chinese $1.4 trillion corporate bond market, that had heretofore been blindly chasing the highest coupon payments with no concern for the creditworthiness of the borrower. The revelation that capital loss is now part of the investment landscape naturally causes participants to re-evaluate risk and look for significantly higher yields in compensation.
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This Episode
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Our Monday Discussion with Andrew Hoffman – Things are heating up:
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Karen Simpson-Hankins talks about the best ways to improve your credit score.
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Barry Stuppler, renowned gold coin dealer joined us today to discuss the recent gold coin discovery in California. He knows the dealer involved and saw a number of the coins from the discovery. While he may have handled the matter differently, he can confirm that the discovery actually occurred. There certainly were better ways of disposing of the treasure and who needs more rapidly depreciating fiat dollars anyway?
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Triple Lutz Report 339
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John Rubino of DollarCollapse.com joined us for an interesting discussion of nextgen warfare. We’re seeing some of it take place right now in the Ukraine. Russia has threatened to undermine the dollar and dump dollar assets if the US takes any action against it’s Crimean moves. We’ve also seen a number of cyber acts, from interference with the Ukraine’s communication grid to potential mayhem with its electrical infrastructure. Is this what’s next for modern warfare? For sure!
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Lowell Ponte is nothing if not a historical scholar. He gives us a major schooling in Eastern Europe, Russia, Putin and Angela Merkel. There’s a lot going on in that part of the world in case you haven’t noticed it. For instance, there was no way that Russia was ever going to give up those two warm water ports. This should have been obvious to everyone, especially the US State Department. Therefore, a move on the Crimea was inevitable and so is a fight to the finish. Angela Merkel is buddy-buddy with Putin, which should also come as no surprise. But Russia has been a country in decline for many years. It’s just a question of whether the US and the Dollar will decline faster.
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The Answer… nobody. Rabbi DB Ganz is back, and it looks like the new group coming into power in the Ukraine is at least as bad as the old pro-Soviet group. They’re potentially composed of ultra-nationalists, neo-nazis and all around bad guys. That’s the problem with the old, “enemy of my enemy is my friend” strategy. You never really know who you’re getting into bed with. We also talk about a myriad of other problems confronting the country as well.
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When it comes to technical trading Rick Ackerman is up there with the best of them. His Rick’s Picks Newsletter has a great track record. He likes the way the weekly gold price chart has been moving since the beginning of the year. It’s been breaking all sorts of resistance points and that means more upward action ahead. It will probably take silver with it too. Interesting times ahead.
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GATA.org’s Bill Murphy returns. The manipulation schemes are getting harder and harder to pull off and yet they continue on as if nothing can go wrong. I guess the banksters must act as if everything is fine to keep the Ponzi scheme alive for another day. We also talked about the lucky, or unlucky, California couple that may have found stolen loot from the San Francisco Mint. Sometimes it pays to keep your mouth shut.
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Nicholas Pell of MainStreet.com gives some good advice on raising your credit score from the sub-600 level. He’s also well versed on keeping you out of trouble by reading the fine print that comes with those shiny new credit card offers. Good common sense tips for people who need good credit.
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Dr. Richard Ruhling is 72 years old, takes no medications and is in near perfect health. How does he do it? Through healthy diet, regular exercise and proper attitude. It’s unusual to hear a medical doctor, even a retired one, tell you that you can be healthy without taking pharmaceuticals, but that’s exactly what Dr. Ruhling believes.
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Carl Schramm is a professor at Syracuse University and is as pro-capitalist as they come. He sees much of the wealth destruction going on in New York City and State and can’t believe it’s come down to this. Comrade DeBlasio has declared war on the rich and now New York City is going to pay the price. Already over $1 billion in Florida real estate has been purchased by those seeking refuge from his policies. The problems will only mount as just 5,000 people pay nearly 30 percent of the City’s personal income tax. FSN’s prediction is that the City will be bankrupt in 3 years of less.
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When it comes to precious metals and agricultural commodities there are few more knowledgeable experts than Ned Schmidt. In his opinion there’s nowhere for them to go but up, but thanks to Putin, they’re going to do it much faster. No doubt the United States will try to construct some alternate reality to explain the Ukraine situation away, but the damage has already been done. So watch for what comes next.
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Ross Kenneth Urken of MainStreet and TheStreet.com is skeptical of Bitcoin’s long term viability and it’s resistance to fraud and hacking. He believes that there’s nobody and nothing out there protecting its holders from being looted. And yet people are still buying it. Maybe they’re Ukrainians or others who don’t trust their country’s money. We also talked about big tax breaks you might be leaving on the table and the case of the $10 million gold coin treasure trove in California.
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Common Cause’s Todd O’Boyle joined us today to discuss the proposed merger between cable giants Comcast and Time Warner. The resulting behemoth would have untold power over cable prices and internet content. Is this what the country really wants? Will the government ever allow it? The answers to these questions are important and rather disturbing. Under existing law, there’s nothing to stop internet providers from filter out sites that they find objectionable for any reason. Giving them more power just seems wrong.
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We caught up with Mickey Fulp in Toronto for the February 2014 Major Market Review.
Here’s the highlights:
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Rich Scheben grew up in the New York metropolitan area. With degrees in Forestry, Business Administration, and Marketing he lived the part of the New York businessman and night-life denizen. Rich had a second life which he spent in the world of the outdoors; reveling in the sport of fishing and hunting, seeking to be as far away from mainstream city life as possible.
At age 26 he realized his dream of moving to the wilds of Montana to hunt, fish, and live off of the land. He’s been living there for 27 years and has been off-grid for over 6 years. Rich and Karen now live without traditional running water, flushing toilets, interior pipes, water heater, pressure tank, freezer, dryer, dishwasher, microwave, T.V. and most modern conveniences. They heat their cabin with an Amish wood cook stove; their only source of heat. They hunt, fish, and grow produce for food. They raise their own animals and harvest edible and medicinal plants.
He’s not recommending it for everyone, but merely advocates that you become more self-sufficient.
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Todays Monday get together with Andrew Hoffman:
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Emeka Iwenofu is an aspiring young writer who lived mostly in Cleveland where he attended Cuyahoga Community College before transferring to Cleveland State University where he earned his degree in Accounting. Afterwards, he later became engrossed with free enterprise and engaged in a number of solo business ventures before finding his true calling, which was writing.
He eventually read several books on success development, mental attitude, and the law of attraction which inspired him to write the three book series, called: The Miracle Trilogy. He feels that this series is one of the first books of its kind to touch on the law of attraction in such a comprehensive and scientific format among characters as a basis of why and how this phenomenon works.
We’re big fans at FSN.
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Latest Triple Lutz Report:
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G. Edward Griffin was on today discussing the wonderful story of the two Californians who found $10 million worth of gold numismatic coins in their back yard and are in the process of trading them for worthless fiat dollars. Obviously they’ve never listened to the Financial Survival Network. Perhaps they’ve spent a little too much time in Colorado lately. And then there’s that problem of a potential solar storm that could knock out much of the world’s electrical grid. We cover it all.
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