Financial Survival Network

The “old” Normal was fun, but how fun was it really. The commute was a killer and took its toll on the family. We were all working harder and making less. Time was at a premium and so was spending time with your family. The focus on consumption was all enveloping. We now defend on many other countries for vital resources. Off-shoring had many destructive impacts upon our economy and your health. Unhealthy food is highly profitable. Now we can start eating real food. Local communities are encouraging local food production. Detroit is leading the way of urban healthy food production.    The pandemic has shone a light on what was really happening to your health. Sick (health) care has been exposed for what it really is. Big pharma is going to take a hit. Now it’s no longer a matter of you being a captive big-pharma consumer, till death do you part.  Same with lousy high-stress jobs. Another contributor to bad health and misery. It’s a net plus for the gig economy and the alternate economy From the 1970’s to the

I missed an important anniversary, FSN's 10th! Hard to believe I've been doing this for 10 years now, over 7000 episodes later. Not many podcasters have been around as long as I have and fewer still have done that many shows. I only have you to thank. It's been an amazing ride, with amazing friends, some of whom I consider among my closest. I have met so many people that I would have never come into contact with in my old life. It has been an amazing decade and I'm not about to slow down now. In fact, I'm going to pick up the pace and improve the show. There's nothing else in the world I'd rather be doing than this. Special thanks to my producer Melissa for being there all these years. Here's to the next 10 years!

Justin Huhn runs Uranium Insider and a new guest. He’s looking for a new bull market in Uranium. Since Sprott has taken over the Uranium Participation Corporation, spot deliveries will now have to take place in a much shorter time frame, whereas they used to take place in a 12 month time period. This should have very bullish consequences. Uranium prices must double to make many producers economically viable again. New York State aside, demand will increase as will nuclear power plant demand. Nuclear power is the safest form of energy ever produced. The newest generation of small modular nuclear power plants are virtually foolproof. Nuclear energy is also the answer to carbon emissions. The green left is starting come around to embrace nuclear power and that’s a big positive surprise. 54 reactors are currently being built around the world, mostly in China. Over 400 projects are under active consideration. 2-4 years is the timetable, when things will really heat up, so better to be poised for the inevitable run

Life is transitory. Inflation, not so much, contrary to what the Fed may say. The pandemic greatly boosted savings and now consumers want to spend it. The banks have huge reserves and eventually they’ll be boosting lending. Quanity of money and increased demand which will lead to higher prices. Hotel and AirBNB prices have escalated. Octavio is saying  inflation is here to stay. The Fed is trying to manage inflationnary expectations with tepid reassurances. Can we afford to have interest rates in to 20’s like Paul Volker did in the 1980’s? Certainly the equities markets are going to tank. There’s fear in Jay Powell’s eyes. Do we need Federal Reserve Branch Banks anymore? What purpose do they really serve? Commodities, cryptos and gold/silver. Cryptos looked like a gold replacement until recently. The Fed has demonstrated a lot of antipathy towards competition/cryptos. Could be death by a thousand cuts. Gold has been underperforming with the lowest price increases over the past several years, but that could be

Mish is very upbeat on XRP, a/k/a Ripple. It’s got a number of investment uses and great tech applications. Mish likes being able to chart the cryptos and their buy patterns. Are cryptos just another Nifty 50 stock type boom? Should you HODL? Mish explains how to trade parabolic moves. Get in early on a chart signal and a strong fundamental argument. Keep risk minimal. Then as it goes parabolic, take profits on the up move. Once the public gets sucked in it’s already time to get out. Just when you thought it was safe to swipe your credit card, Inflation has come roaring back. Paul Tudor Jones came out saying inflation is here to stay. It’s going to be a factor and a threat to fiat currency, especially because of Bitcoin. Mish’s take is that gold and silver are going to much higher in the near future. It’s going to follow commodities and could go parabolic. The gold to silver ratio has flipped. What will the Fed do? Raising rates will kill the economy, keeping them low will threaten the dollar. Where’s the gro

Jobs picture improvement is slowing down. There have been two misses in a row. Jobs recovery is much slower than expected. It will take months to achieve the pre-pandemic. Gold and silver should see improvement as the economic numbers lag. Phil is expecting a rise over $30  but he’s not seeing it rising to new highs. He’s been buying March options utilizing calculated risk, taking a small risk for a large potential gain. He’s helping people actually take delivery on the Comex. He’s looking for corrections to then acquire and exercise to take delivery. Usually they get out of the contract the day before expiration. It’s a good way to acquire commodities at or near spot. Copper has been the best performing commodity during the pandemic, especially in light of recent supply disruptions. It’s all about China’s economic numbers. Phil believes that copper could well run into shortages, not to mention inflation reawakening. As long as there are supply chain disruptions, copper is at risk. Lumber prices are coming do

There’s a new way for foreign entrepreneurs to obtain at least temporary residency in the US, the Start-up Visa. If you’re a foreign entrepreneur and have obtained investor backing, this program could be for you. As with everything having to do with immigration, the rules are complicated, but the intent is to attract foreign entrepreneurs to the United States and have them build successful businesses. This new program which was instituted by rulemaking authority could be a net positive to the country and certainly those taking advantage of it. It’s ashamed that Congress can’t get this done on its own, but so goes modern America and its failed politics.

George’s contribution to restoring normalcy is his Rebel Capitalist Live taking place in Miami. It’s happening on June 11-13. It’s great for people to be getting together and to connect fact-to-face. There’s something about meeting personally and looking them in the eye and talk one on one. The dystopian world is shaping up before our very eyes. What is wealth? It’s not what’s in your bank account, which is simply a bank’s liablity. Currency units do not equal wealth, otherwise Venezuela would be one of the wealthiest countries in history. It’s all about what money or currency can buy. We can see the damage that stimulus and government have inflicted. Will it create an environment where more goods and services are created and sold, or less? They’ve created a major labor shortage because people are staying home and getting paid more for doing nothing. Over the long run does this create wealth? Obviously the answer is no. Which means higher consumer prices making people poorer in the long run.

Our next guest is someone you’re probably familiar. He started life in the polio ward at Belview hosp in NY. Became a courrier for mob boss Frank Costello, had a hot torrid affair with Marilyn Monroe, a close personal friendship with Frank Sinatora, knew the Kennedys and has kept popping in history much like Forest Gump, whenever something major was happening. But you probably know him best as Carlo Rizzi in the Godfather, Gianni Russo is here with us now. Sorry Gianni, I can’t even begin to do your story justice in such a short period of time. Gianni is the author of Hollywood Godfather, a multi-year bestseller. We explore his early beginnings in a New York City polio ward, his association with mob chieftain Frank Costello, his involvement in the JFK assassination, his torrid affair with Marilyn Monroe and her untimely suspicious death. Gianni goes into what happed with the RFK assassination and Sirhan Sirhan’s, brainwashing. And his run in with Narco Terrorist Pablo Escobar and how he managed to escape cert

The Fed’s efforts to create inflation have succeeded beyond their wildest expectations. They’ve created $4 trillion and their balance sheet is $8 trillion. We had tremendous amounts of helicopter money raising stock prices and home prices. Enhanced unemployment, mortgage and rent forebearance, student loan deferrment are all coming to an end. That’s the fiscal cliff. The monetary cliff is already happening. Tapering will resume with the end of bond purchases, probably starting in October. Imagine when the consumer starts having to actually pay their mortgages, credit card bills, etc. The economy is reopening, leisure and hospitality will boom. People got more money for staying home than they would have gotten were they working. It’s all coming to an end in 2022.  Michael is a self-proclaimed gold bug, inflationista and a dollar bear. Major inflationnary booms followed by deflationary busts. There’s no taking away the punch bowl. What is the Fed going to do now? You better have a long-term inflation strategy.

Get ready for 3 percent inflation. According to Jim Welsh we’re going to see treasury yields sink, along with gold and silver, commodities and then we’re going to see them go higher. S&P will be vulnerable to a 10 percent pullback and then comes another rally. Look forward to another dollar rally. It’s now completing an A-B-C pullback and then we’re going to see it improve. Rates go up in 2022, maybe two hikes. Yuan is getting ready for a pullback. China doesn’t want a strong Yuan. And Bitcoin will drop to $28k. And then it will go up and make another high, so be prepared. 

The rise of the retail investor during the course of the pandemic has led to rising Meme Stock prices. Small investors have banded through Reddit and other message boards to take on the short sellers. These types of things have happened before and will again. There’s a lot of momentum behind these stocks. For now, small investors rule. 2022 will be tech a year. Value stocks have been doing well and should continue for a while. They’ve been out of favor for many years and now they’re back. 

Home Housing bust on the way. John’s builder had an amazing story to tell. 6-12 months ago he was doing record business. Half of his customers have put their project on hold. He’s working just as hard re-pricing projects and passing on the bad news to his buyers. Housing prices have blown through the affordability level and it’s quite possibly game over. The price of materials has gone parabolic.  Used car prices have almost doubled in the past two years. Why? Easy money! When your Lexus US Mint admits there’s a global silver shortage. How could this be? We’ll see exactly what that means. Coin dealers are charging outrageous premiums, is that a sign? Gold and silver prices should be going up.    Rumor that Russia was going to announce a gold-linked ruble but the BIS talked Putin out of it. The results could be disasterous for Russia’s exports. Competitive devaluations have been the norm.    Basel III is looming. Will it be watered down or postponed? When will the bullion banks die already? They’re still here

Dudley believes that SPACs are on their way back. There’s a trillion dollars that’s been raised in this sector. For a while it was impossible to keep track of all the new issues in February. We never had a final capitulation. There was never a “V” bottom. Dudley says that 20-30 different SPAC’s will be completing their merger in June. The market will realize their value and prices should go up. Confidence will come back. It was clearly overdone. The Churchill Capital 4 will be merging with Lucid Motors and this one could be very big. It’s one of Dudley’s largest holding. He’s conviced it will work out. It will be a major factor in the return of the sector. When the bubble popped, Churchill was the one that brought it down. It’s still a great story.  For gold it’s just a matter of when the advance resumes. Right now it’s pulling back slightly, the retracement has brought us back to the old support level, 1860-1870 range. When silver starts its rally, buckle your seatbelt. Who knows what the catalyst will be. D

Gold A very bullish pattern. People following it are already bullish. The US Dollar is ready to resume a strong upward rally. It will help them consolidate. We’re at resistance now. We could see 1950. Selling in the stock market initially causes selling in the metals. Silver has been  heading towards $30 but can’t make it. Once it does the sky’s the limit.  Stocks we’re in a no man’s land right now. We’re getting a lot of signs towards a pullback consolidation,  but the market is still in a bull market. Inflows into the NYSE is showing that the FOMO trade is alive and well. Big money is selling into the buyers. We need a consolidation to flush out weak holders. Meme stocks are dead eventually.  Bitcoin is bearish. Parabolic moves get slammed. Masses pile in and it’s done for now. It’s done this 6 times since 2010. This bullish move is over. Bull market has retraced 50 percent. A chart is a chart is a chart.  Interest Rates Could very well to continue sideways. It could rocket higher or collapse. Whichever way

The changes in business brought that happened during the pandemic are here to stay. Just because the pandemic is over, curbside service, contact-free payment, off-hour services, are not going away. These changes are now permanent. Delivery services for food and other products are here to stay. Masks were a fad and will soon become novelty items. Perhaps given out as premiums. Retailers need to re-position and figure out what their business really is. Effectively, they’re consultants. Retailers need to up their game. Will people now desert Walmart and Target now that the pandemic is over? Perhaps. 

The money supply is expanding at a rapid rate. Commodity prices have blasted off with lumber, oil, copper and many other items going near parabolic. The list goes on and on. Patrick Yip says it’s inevitable that once monetary velocity increases, we’ll see inflation like we’ve never encountered before. The airline and cruise industries are rapidly picking up and groceries are taking off. Energy prices are increasing quickly as well. Historically people have always gone back to gold as an inflation hedge. Putting money into gold is part of a sound way of diversifying your portfolio. Gold has underperformed most other asset classes for the past decade. Will this decade be different? 

Gold/Silver Eric’s last call was for a cycle high in late May and early June. There could be some additional upside the first 2 weeks of June. Primary price objective is 1920. It has traded in $80 ranges.  Oil we’re coming into a cycle high in June. Look for a range of $56-$73.  Interest Rates July 2020 was the peak for bonds and then sold off. Now Eric is looking for a lower peak in July 2021 and then rates will go higher for the next 12-18 months, perhaps on inflation fears.  Dollar has been in a trading range for the past several years. It will bottom at around 88.50. Over the next several months. Same bottom as in 2/18. A flat correciton.  Stock Market is peaking in June. Tech stocks have been leading the charge higher. Potentially multi-month or multi-quarter peak. They’ve been following a 16 month cycle. Then it’s down from there.  Bitcoin Eric was calling for a $65k high and promptly retreated. It’s gone through 5 waves, textbook and could well retreat lower if it breaks $29k. Not a great deal of upsid

Bitcoin is getting close to bottoming Bonds interest rates going down and prices are going to go up.  Copper similar to lumber went straight up then the cycle topped. Copper cycle is close to topping. Will it hit $5?  Stock market is making a longer time top. Fang and Nasdaq have made lower highers since March.  Ag commodities are starting a new cycle this week. Corn went parabolic and then came down to earth and the up move should continue.    Gold cycle top to gold coming next week. $2000 gold is coming. Some weakness followed by a new rise.   Silver looks a little better than gold, but has another week to go before cycle top.    Oil is heading towards a top next week.    Dollar bounce coming, at least a short term. 

If there had been no cover-up of Robert Kennedy’s complicity in the murder of Marilyn Monroe in 1962 and he had been prosecuted based on compelling evidence at the time, the assassination of JFK by Bobby’s enemies would not have happened—changing the course of history and preventing the murder of media icon Dorothy Kilgallen. In a breakthrough book that is sure to be relevant for years to come, bestselling author (The Reporter Who Knew Too Much) and distinguished historian Mark Shaw investigates the connection between the mysterious deaths of motion picture screen siren Marilyn Monroe, President John F. Kennedy, and What’s My Line? TV star and crack investigative reporter Dorothy Kilgallen. A former noted criminal defense attorney and network legal analyst, Shaw provides an illuminating perspective as to how Robert Kennedy’s abuse of power during the early 1960s resulted in the murders of Marilyn, JFK, and Dorothy.