Financial Survival Network

Todd Bubba joined us for a discussion of the economy and the stock market. He believes it’s going to go down eventually, but who knows when? Everything is messed up thanks to the Fed. And they have no way out. Don’t be deceived by transitory or temporary inflation, it’s here to stay for the foreseeable future. Todd tells us that Pot stocks are looking good. They key event will occur when the Federal Government legalizes it. Cryptos will eventually rule the day, but how we get there is the question.

The definition of inflation, the dollar is losing purchasing power. The question is it temporary or part of a longer term trend, which Gary and I believe to be true. The Fed’s balance sheet is at $8 trillion. The debt is at $30 trillion. Yellen is begging for a debt ceiling increase. Will the US default? Not gonna happen. Fed Chair Powell acknowledged that inflation is higher than expected, we’re on an unsustainable path and there’s good reason for alarm. Therefore, the case for gold becomes more compelling by the day. Today the 10 year yield went down and so did gold, a true anomaly. Federal funds rate hasn’t moved all year and probably won’t until 2023. Where’s the taper, Powell says it’s not gonna happen. 

Dow Down 765, we’ve been due for a correction since March 2020. Shortest time in history where the market doubled.  Technology has brought about a huge evolution. Spreads have diminished. Everything is digitized. High frequency traders have changed the game. It’s made commissions free and has saved investors money. It’s an unsolvable puzzle. If the SEC reverses this policy is could have negative effects. Buy blue chips to hold for the long-run. Gil is a big proponent of ETF’s. Avoiding commingled accounting and annual gains involved with traditional mutual funds is a major benefit. That combined with estate planning benefits can make a huge difference in estate taxes. 

There's a global energy transformation currently underway and carbon neutral clean (smelter-free) nickel is crucial to this revolution. However, it’s exceedling scarce, unless you know where to find it. President and CEO Martin Turenne has already a lot of it, potentially billions of pounds.  His company FPX Nickel (sponsor) has an ambitious exploration and drill program underway in two projects located in the Deckar Nickel District (British Columbia). The Baptiste Project is the world’s third largest undeveloped nickel deposit, but the Van Project could easily dwarf it. The company is drilling to ascertain the exact magnitude of the deposit; Martin is convinced it’s huge. Presently, the market hasn’t yet factored in Van’s vast potential value. When it does, FPX will see a dramatic upward revaluation.   Martin observed that nickel and copper generally trade at a 2.5:1 ratio. It's now at 2:1, indicating that nickel is relatively undervalued. Considering that copper is trading near its all-time high, whereas ni

2022 Economic forecast Government spending has been out of control for over a decade. Naresh is extremely optimistic that when it comes to jobs, GDP and increased economic opportunity. He’s sees the recovery being led by jobs and a rise in wages, for the first time in decades. For example Chipoltle has seen wages rise dramatically, with a starting salary of $14-15 per hour. Even McDonalds has upped their starting wages substantially. And this is across the board. Anyone who wants a job or is looking to change jobs. What is transitory inflation and why should you care? Naresh believes it's coming down, we believe its going higher still. Who will be right or perhaps we both will.  Crypto investors, wait for the shake-out. Most are worthless the top tier will live to fight another day. 

  Wells Fargo is ending a popular consumer lending product, angering some of its customers, CNBC has learned. The bank is shutting down all existing personal lines of credit in coming weeks and no longer offers the product, according to customer letters reviewed by CNBC. The revolving credit lines, which typically let users borrow $3,000 to $100,000, were pitched as a way to consolidate higher-interest credit card debt, pay for home renovations or avoid overdraft fees on linked checking accounts. "Wells Fargo recently reviewed its product offerings and decided to discontinue offering new Personal and Portfolio line of credit accounts and close all existing accounts," the bank said in the six-page letter. The move would let the bank focus on credit cards and personal loans, it said. Wells Fargo CEO Charles Scharf has been forced to make difficult decisions during the coronavirus pandemic, offloading assets and deposits and stepping back from some products because of limitations imposed by the Federal Reserv

Stephanie is a real estate investor and CEO of Erbe Wealth – an investment management company focused on helping clients generate passive income. Over the past 4-years, she has acquired over $21M worth of real estate properties. Stephanie’s passion is teaching people to “unlearn” what most of us have been wired to think about money and she re-educates people to learn the secrets of the wealthy investor that can be life transforming. Some topics Stephanie could touch on during the podcast include: Best practices on real-estate investing and unlearning what you know about money and common myths. What the wealthy do differently regarding money and their investments. Stephanie’s story - leaving her W-2 job behind and becoming an entrepreneur in 2006 Reasons to not put your money in a 401K and what to do instead

It happened, Basel III kicked in and so far nothing has happened. Rob was never taken in by the hoopla. Under no circumstances can it be a game changer. The entities who control the market have been granted exemptions or have been grand-fathered in. Funny how that works. The debt creation continues on at accelerating rates and yet the appetite for it continues unabated. Where are the bond vigilantes when you need them? They used to exist, but they are now extinct, thanks to the plunge protection team. 

Wells Fargo closes personal credit lines, implies they are worried about something. They’re even eliminating overdraft protection on checking accounts.  $100 cheeseburger has arrived. Restaurants are imposing customer minimums or table minimums. Is that really wise? Are they so busy they can raise prices and not worry about empty tables.  Everyone is putting in pools, it’s a form of prepping. If there’s another lockdown, at least you’ll get your exercise. It’s part of the trend of housing upgrades. Housing prices are up so much that maybe they’re using home equity lines. An unproductive exercise.    Tucker Carlson being surveilled by NSA, he’s been under surveillance to set up an interview with Vladimir Putin. These communications were subsequently unmasked and were in the process of leaking it to other news outlets to smear him. They’re watching everyone, one way or the other. Then they ship it off to the justice department for criminal prosecution.    Haitian president assassinated. Is there a US connection

Nothing has changed. If you’ve followed precious metals for years as had Andy, there’s nothing new hear. Wealthy investors, sovereign wealth funds and others has been taking metal off the Comex at record rates. Don’t expect the markets to move in logical fashion. The markets are being manipulated to distract, deflect and deceive. Deliveries are accelerating at a rapid rate. Right now you’re being subsidized to buy metals. Hang on, turn off your computer if you must and sit back. Pricing is the key means of deception to keep attention off the real story. Basel III is going to have a profound effect. The UK has gotten a temporary reprieve concerning futures and physical settlement. The final chapter has not yet been written. We may see a time where London no longer sets the gold price. Eventually price will take of itself. Ultimately, it will go much higher. 

We’ve come across an interesting newly public company, American Eagle Gold (sponsor), that is focused on finding a major gold deposit on its flagship property, Golden Trend in Nevada. The property is located on the famed Cortez Trend, close by to Barrick Gold and Newmont Mining’s Gold Rush and Cortez mines. To date, those mines have produced over 27 million ounces. CEO Tony Moreau says it’s all about, “location, location, location. This project is like having a house on the lake.” And who better than Mark Bradley, (VP of Exploration) to find the proverbial needle in a haystack? He did it before when he led the Gold Rush discovery team and he knows more about this area than almost anyone. Mark observed that Gold Trend’s geology is a near mirror image of Gold Rush. Now it’s a matter of triangulation, finding the best targets and getting the drill turning. The permitting process starts next month; drilling is expected in the fourth quarter. They’re also focused on acquiring and advancing other gold projects in t

What’s bewildering is that all traditional positive measures are proving irrelevant. Plunging real interest rates haven’t had an effect. Skyrockecting inflation nothing. Yields dropping, nothing. What will it take? We’re now at 1.3% on the 10 year and the real rate is minus 3.7%. All this transitory crap and yield curve control is in full bloom. Fed jawboning, inflation is temporary. Reverse repo market is flooded with reserve. The system is bulging with excess reserves. Too much cash and not enough places to put it. There’s so much cash, it has to go someplace and they took a 5 basis point return. Almost $1 trillion floating around the system. It’s a liquidity sapping event.  Basel 3, it’s happening but it’s a process. June 28 was an important date, but it was important. All the European Banks had to change their accounting for gold. However, Craig says the big is 1/1/22, when Basel 3 affects LBMA. Banks have been adjusting along the way. 

Michael Moor studied Management and Finance at Rensselaer Polytechnic Institute (RPI) in order to get a more technical financial background. After starting with Citigroup, he moved on to be a Trader's Assistant for Chicago Research & Trading (CRT) on the trading floor of the NYMEX, working with futures and options pit traders. He developed a reputation for consistently making large directional calls in the markets, and started Moor Analytics at the request of two Natural Gas and Crude Oil option traders. This grew to encompass over 1/4 the NYMEX membership as clients, and was the #1 large-call published analyst on the NYMEX for over 10 years until he moved the business off the floor. He has since also included European energies and Gold, and currently has proprietary traders, hedge funds, and oil companies as clientele. Michael is following energy, gold and bitcoin and shares his insights with us. Michael was bullish on crude oil since it hit $15. He was also following unleaded gasoline. He’s looking for

Kevin Drover CEO and President of our sponsor Aurcana Silver came by for an update on the high-grade Revenue Virginius mine. Last year he assured us that silver production would commence summer of 2021 and he’s about to deliver.  Kevin is a no hype leader who does everything in his power to deliver, pandemic or not. He’s so committed that he moved to Colorado to personally oversee the mine’s opening. And it worked. Metal should be going through the mill later this month. The first concentrate will be produced by August.  The best news yet, the ore from the first cross-cut is even richer than anticipated. While 36 oz per ton was expected, they got 39 oz. per ton  The vein width was thought to be 1.6 feet, but the first cut was 2.5 foot. Full mill capacity of 270 tons per day should happen in September, along with the resulting positive cash flow. And then it’s on to the Texas Shafter Mine and once that starts production in a couple of year, all bets are off. (We own shares in Aurcana) Go to Aurcana.com to get

We followed up with Ivan Bebek and Peter Dembicki on Tier One Silver (sponsor). A lot’s been happening in Peru and with the Curibaya Project, so an update was due. Dembicki explained that they expanded Curibaya’s total land package by 50 percent. Its prospects for success have also gone up dramatically and Co-Chair Bebek explained why.  The “Jewelry Box,” bonanza grades of surface silver/gold have been impressive, with over 164 samples of 200+ g/t silver and 60 samples 2 g/t gold in 3 principal vein corridors. There have been 81 samples of over 500 g/t silver and 60 samples of 2+ g/t gold as well. With a fully funded 10,000 meter drill program under way, it’s a wonder that the team gets any sleep at all. They're starting believe that this system appears to be far larger than even they expected. The recent election saw a populist candidate take the Peruvian presidency, but Bebek is mostly unconcerned. Taxes were going up anyway, not just in Peru, but around the globe. The president-elect understands that minin

We spoke with sponsor Trillion Energy CEO Art Halleran. He just announced plans to accelerate natural gas production in the SASB Field and expects gas to start flowing in late Q4. This is a major breakthrough for the company. It has large proven Black Sea gas reserves and has been working on a major financing to get it all into production. Covid-induced relays have occurred. Undeterred, Art has come up with a plan to get cash flowing to the tune of $1-$2 million dollars per month, with the lowest possible capex. By drilling from existing platforms, costs are dramatically reduced, as are production times. The larger deeper wells will be drilled shortly after completion of the larger financing.  Art is doing this through a combination of financing mechanisms: including internal cash, warrant exceleration and royalty sales. While it hasn’t been an easy ride by any strectch, Art gives us his three key factors in making SASB a reality, in his own words, “Persistence, persistence, persistence.”  And that’s exactly

Todd Toback is training others in the real estate industry, especially in wholesaling.  His No Limits Sales System focuses on the 3 Pillars of making it BIG: acquiring property directly from sellers while learning the mindset, skills, and habits to make it happen.  He's teaching others how to play the long and short term game in real estate, ultimately changing their lives forever. 

Ed Karr successful professional investor says always be humble. Be happy to pay taxes on your winnings. Losses aren’t taxable. Everyone misses opportunities when looking in the rearview mirror. In 2009 Ed had a tip on Bitcoin and blockchain. He purchased his first Bitcoin at less than $20 and sold it at 10x later for a stupendous profit, as it went to $65000. Ed admits that at times he’s taken profits too quickly. In 2004 Ed helped finance a Canadian Uranium producer that went sky high. He sold everything and the stock doubled again, but he still made a lot money. Trying to buy at the low and sell at the high is hard. Look at the company, is it the right structure at the right time? US Gold Corp is exactly the kind of company Ed is talking about. 7mm shares with a very small float. And it’s listed on the NASDAQ and highly liquid. And it’s got a great asset, the CK Gold project with a PEA and an upcoming PFS. And an amazing CEO - George Bee. $11 per share and $77 million market cap, with major assets on the bo

Stock markets were mixed in June: Dow was flat at 34503, S&P 500 added 2.3%, Nasdaq was up a huge 5.5%, Russell 2000 up 1.9%, TSX added 3.3% TSX.V up 2.2%. VIX down to a stable 15.65. Dollar reversed course and was up up an impressive 2.8% to 92.35 and Euro was down 3%. 10 Year is yielding 1.45%. Bitcoin was down another 5.3%. Gold was slammed 7.29% to 1770. Silver was off 7% to 26.10. Pt down a massive 9.8%. Pd was off slightly .6% for the month to 2712. Copper corrected 8% to $4.24, after hitting a 10 year high in May. Oil was up big, WTI up 10.8% to 73.47. Brent up 7.9% to 75.13. Natgas shot up another 22.1% to 3.65. Uranium rose 3.3% to $32.33, extending the up trend.    Ratios:  Au:Ag normalizing at 67.8, Pt:Au .60, Pt:Pd .39 (going lower still) BRT:WTI 1.02, WTI:HH 20.1 and AU:WTI 24.1, getting back to it's historic levels.