from Kerry Lutz's Financial Survival Network
The Interview focused on the intersection of financial indicators and their implications for the upcoming election and broader economic trends, with Kerry Lutz and Eric Hadik discussing the correlation between the dollar’s movement and political administrations, as well as the potential long-term effects on interest rates and inflation. Eric provided an analysis of the market’s reaction to the Federal Reserve’s rate cut, projecting a trading range for bonds and notes, and highlighted a historical 17-year cycle that may indicate a recession in 2025. The discussion also covered the near-term outlook for precious metals, forecasting a rally into late October or early November, and examined the generational cycle of currency wars, predicting significant gains for precious metals over the next couple of years. Additionally, the conversation touched on cryptocurrencies, particularly Bitcoin and Ether, and the anticipated market peak in late 2024, with a subsequent sell-off expected in 2025-2026, supported by historical patterns and technical indicators. The meeting concluded with a reference to InsiideTrackTrading.com for further insights.
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Today, Iran launched a major missile attack against Israel, which heightens the chances of a wider Middle East conflict. I’ll have more to say about that tomorrow.
The system has reached the limits of its adaptability. Everything else is entertainment.
The globalists condemned Italy’s Giorgia Meloni for promising to curb immigration if elected. As with Donald Trump, she was called a racist for wanting to secure her nation’s borders. Italy was facing an all-out invasion by land and sea under relaxed European Union edicts that permitted open borders. Now, under Meloni, illegal immigration has dropped 64% in the past year.
It’s clear that the current DC regime could do pretty much anything and the press would be there to write their spin and propaganda for them. In today’s installment, the press was all riled up that Trump mischaracterized a phone call – or lack thereof – between GA’s governor ad Biden.
Originally published via Armageddon Prose:
In the final stretch of any presidential campaign, the goal is to attract any remaining undecided voters. This usually means that candidates moderate and soften their messaging, especially in comparison to the proposals and rhetoric used to attain the nomination of their respective parties earlier in the campaign. This was on full display in last night’s vice-presidential debate between J.D. Vance and Tim Walz.
During the 2008 Great Financial Crisis (GFC), the monetary system faced a significant challenge. In a gigantic effort to contain the financial crisis, large amounts of U.S. dollars were created by increasing the monetary base.
Second Gentleman Doug Emhoff reportedly paid $80,000 in “hush money” to his former nanny as part of a non-disclosure agreement (NDA) but was not prosecuted, unlike Trump.
Sometimes politicians steal people’s homes.
The debate really depressed me. It wasn’t J.D. Vance, who gave the best debate performance of any political candidate in decades. Nor was it Tim Walz because I knew going in that he was, as he described himself, a “knucklehead.” It wasn’t even the biased harpies who called themselves moderators because that was to be expected (although they angered me). What depressed me was that our political discourse has devolved into watching candidates get asked stupid questions so that they can give canned statements for two minutes and then bicker for a few seconds with each other.
In early 2024, we focused on the metal sector as a potential winner for the year and beyond. Following an already strong first half, the precious metal sector, led by gold, continued higher in the third quarter, as investors sought protection in an uncertain world, culminating in September with the start of a supportive US rate-cutting cycle. The energy and industrial metals sectors—two growth-dependent sectors—suffered setbacks amid a deepening slowdown in China and rising recession risks elsewhere, most notably in Europe.
Prices too high, automakers too slow cutting them from the pandemic spike. Stellantis sales plunged 20%, a fiasco.
Former President Donald Trump slammed Special Counsel Jack Smith’s recent filing in his presidential immunity case, calling the Justice Department’s latest charges he tried to overturn the 2020 election blatant “election interference” and “prosecutorial misconduct.”