Learning from Financial Storytelling with Ken McElroy

from Financial Survival Network

Rich Dad Advisor Ken McElroy recently wrote a new business novel today, “Return to Orchard Canyon.” As CEO of MC Companies with $1 billion in real estate investments and Bestselling Author of five books, his new book offers a non-conventional and clever way to get a financial education through powerful storytelling.

Publisher’s Weekly describes “Return to Orchard Canyon” this way, “Readers should find the simple financial lessons in this accessible and rather sweet book to be memorable and actionable.”

In the opening Ken explains, “Many people are lost financially. Finding your way starts by returning to your own Orchard Canyon.”

The three main fictional characters are based on very relatable people at different stages of life, who are searching for answers about money, careers and dreams. Through these unlikely teachers, readers learn ways to overcome modern-day challenges and find a life of happiness and freedom.

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Markets Lunacidal Behavior Continues On – Michael Pento

from Financial Survival Network

Michael Pento joined us on a day when gold broke $1600 and silver broke $18. What could be the cause of such a move? Perhaps it was Nanny Michael Bloomberg’s pledge to tax Wall Street to the hilt. Or perhaps another Black Swan is getting ready to come public. One thing is for certain, the Fed has gone totally over the top on money printing and monetizing the debt. It can never allow interest rates to rise over current rates again. Stocks continue on at a completely insane over-valued track with no end in site. We truly are living in the New Economy.

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Witness to the Lehman Collapse – Michael Ainslie

from Financial Survival Network

Michael Ainslie has firsthand experience with several high-profile events, including the 2008 bankruptcy filing of Lehman Brothers: He was one of ten people in the Lehman boardroom on the evening of September 14, 2008, who saw firsthand the events that led to the largest bankruptcy filing in US history. Michael offers readers an insider’s view of the situations surrounding the price-fixing scandal between Sotheby’s and Christie’s, a scandal that rocked the art world and sent the ex-chair of Sotheby’s to prison.

Michael has been a champion of education for decades. His passion has been the Posse Foundation, which he helped launch in 1994. Michael was Posse’s first board chair, serving for thirteen years and continues on the Posse board.

He had a distinguished business career serving as president and CEO of Sotheby’s from 1984 to 1994, leading a transformation of the worldwide auction business. Previously he was president and CEO of the National Trust for Historic Preservation from 1980 to 1984. While at the National Trust, he helped rewrite the tax law to provide a 25% investment tax credit for investment in historic buildings. This incentive radically changed the landscape of historic preservation.

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Bloomberg to Steal Election from Bernie McGovern – Triple Lutz Report #477

from Financial Survival Network

We told you over a month ago that there would be a brokered convention. As usual life is about to imitate FSN, never doubt us. I also told you in 2016 that Trump would be re-elected in 2020 and here we are. Mini-Mike has more money than God. And he’s not afraid to use and abuse it. He’s already spent more than 400 million dollars with no end in sight. If necessary he will personally bribe all 1550 delegates he needs to win the nomination. And then it will be curtains for the Democrat Party as we know it. Truly a Hobson’s Choice. Two things are certain, Bernie McGovern can’t win and neither can Mike Dukakis, Jr. Just like the best things in life are free, there’s somethings that money can’t buy, just ask Nelson Rockefeller.

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Market Update with Nick Santiago

from Financial Survival Network

Nick Santiago returns… As expected the market headed down in January with the SPDR’s breaking 100mm volume, but then a funny thing happened, the market went back up. Nick’s uncertain of the next move but his gut is telling him it’s going down again. Tesla crashed but went way past Nick’s call. The short sellers have been cleared out so the next move down is unlikely to result in a free fall. Gold and silver, are in consolidation, getting ready for a breakout down the line. Dollar and treasuries were up as Nick called it. Oil went down from $65 to $50, also in line with Nick’s expectations. Lots more was covered here. We’ll check back next month as usual.

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The Party is Over with Amy Kremer

from Financial Survival Network

Amy Kremer is a Co-Founder and Chair for Women for America First and a former congressional candidate. By her reckoning the Democrat Party is in full meltdown mode. None of their candidates have a prayer of defeating President Trump. It’s going to be fun to watch. Get ready for a brokered convention and all the chaos that represents. Now it’s on to draining the swamp and Trump appears to be doing just that. Buckle your seat belt, it’s going to be a hell of a ride.

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Spectacular Silver Assays (14,688 oz/ton) from Silver One’s New Project with CEO Greg Crowe

from Mining Stock Education

It’s very rare to find large, near-surface native silver vein fragments in first world countries because these countries have already seen so much exploration and mining in the past. But Silver One Resources’ just entered into an agreement to acquire up to 100% of the Phoenix Silver project on which massive native silver vein fragments have been recently discovered. The project is in Arizona within the “Arizona Silver Belt”. One grab sample has returned an amazing 459,000 gm/tonne (14,688 oz/ton) assay result from a 18.7 lb (8.5 kg) native silver vein fragment. Also, discovered was a large 417 lb silver vein fragment that was not assayed due to the desire to preserve the specimen nature of this sample. These silver vein fragments are interpreted to have been transported short distances downslope from partially exposed vein structures and have been found in numerous areas throughout the property. Silver One will begin exploring this project this spring with the hopes of fully uncovering the high-grade silver veins and proving out an economic deposit. In this interview, CEO Greg Crowe discusses the new Phoenix silver project as well as the company’s plans for 2020.

www.SilverOne.com TSXV:SVE OTC:SLVRF FSE:BRK1

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Continue Reading at MiningStockEducation.com…

Tesla Always Goes Up with Danielle Park

from Financial Survival Network

Danielle Park says that Tesla actually doesn’t always go up, and its recent parabolic rise is cause for concern, because it’s an analog to the broader markets. While Tesla is a ground-breaking innovative company, its shares are certainly speculative, bordering on compulsive gambler territory. How many record stock market closes can there be? The tree does not grow to the sky, and Bitcoin still have yet to reach infinity, with Tesla following closely behind. Debt fueled markets reach levels at which they cannot go higher and, in fact must decline. We’ve been having this conversation for years, but that day keeps getting closer and closer. Better to sacrifice a little bit on the upside to keep your capital in tact.

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Hemp is Legal. What if Cops Don’t Care?

by Zuri Davis
Reason.com

The farm bill Congress passed in 2018 brought an end to the federal prohibition of hemp, a variety of cannabis that contains almost no tetrahydrocannabinol (THC), the compound in marijuana that gets you high. At the time, many would-be hemp farmers anticipated a bright future of legally growing the plant for use in paper products, rope, construction materials, clothing, and nutritional supplements. Jason Amatucci, founder of the Virginia Industrial Hemp Coalition, predicted to Reason that the farm bill would “help to clarify any legal gray areas that federal and state agencies have towards hemp and their end consumer products.”

A year later, the hemp industry is withering on the vine for want of clarity. After the farm bill was signed into law, Montana-based Big Sky Scientific LLC was transporting a 6,701-pound hemp shipment from Oregon to Colorado when the truck was stopped by Idaho State Police. The driver attempted to explain that he was not carrying marijuana, but Idaho state law classifies all parts of the cannabis plant as marijuana, making no distinction for hemp.

Continue Reading at Reason.com…

Send in the Clowns: Deconstructing the Nevada Democrat Debate




from RonPaulLibertyReport

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Gold in Currencies & Cryptocurrencies

by Martin Armstrong
Armstrong Economics

QUESTION #1: Marty; On the Private Blog 1/19, you wrote “When we look at the Weekly Array, we can also see volatility rising this coming week. The two key weeks ahead are those of 01/27 and 02/17. Therefore, failure to make a new high warns that we may see a retest of support ahead. We see February is a Double Directional Change. This is clearly warning that we have to play this by the numbers. Do not anticipate the future for when we look at the Overnight Volatility indicators, this too has begin to rise sharply here in January.”

We have reached your next target and during the week of 02/17. Is this all being driven by the Repo Crisis and what seems to be a panic to the dollar?

PS: Thank you Socrates. He has traded gold very nicely.

Continue Reading at ArmstrongEconomics.com…

Finally: the Bloodiest Democratic Debate Ever | The Ben Shapiro Show (Ep. 957)




from Ben Shapiro

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Terrible Showing by Bloomberg in the Debate: Will it Matter?

by Mike ‘Mish’ Shedlock
Mish Talk

Michael Bloomberg lived down to the expectation he was not a good debater. And then some.

Bloomberg did so poorly in the debates he would have been far better off to have not qualified.

Having qualified, he might have done better to not show up.

Bloomberg gave the single worst response in debate history.

Continue Reading at MoneyMaven.io…

Making the Case for a $2,000 Gold Price – Frank Holmes




from Kitco NEWS

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Why It’s So Hard to Escape America’s “Anti-Poverty” Programs

by Justin Murray
Mises.org

One of the most common debates that has occurred in the United States for the past six decades is the discussion of the poverty rate. As the narrative goes, the US has an unusually high poverty rate compared to equivalent nations in the OECD (Organisation for Economic Co-operation and Development). Although it’s true that the measure of poverty is flawed, especially when compared cross-nationally, this piece addresses the reasons why the poverty rate in the US in particular has not improved.

If we look at the graph below, we see that official poverty rates fell 44 percent between 1960 and 1969 then spent the next fifty years fluctuating between an 11 and 15 percent poverty rate. It’s this lack of improvement over a five-decade period that is interesting, especially considering that poverty rates had consistently been dropping for over a century.

Continue Reading at Mises.org…

Democratic Debate Was a Dumpster Fire, but at Least Bernie Got Slammed for Being a Hypocrite




from Timcast

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Bloomberg ‘Was Thoroughly Stopped and Frisked’ – Analysts React to the Democratic Debate in Nevada

Sanders dubbed the Las Vegas debate’s ‘winner’ by some analysts, while others say Warren was the victor

by Victor Reklaitis
Market Watch

As analysts assessed the performance of six Democratic presidential hopefuls in Wednesday night’s debate in Nevada, much of their focus was on how billionaire Mike Bloomberg fared as rivals attacked him.

Besides Bloomberg, who was taking part in his first 2020 primary debate, the participants were Sen. Bernie Sanders of Vermont, former Vice President Joe Biden, former South Bend, Ind., Mayor Pete Buttigieg, Sen. Elizabeth Warren of Massachusetts and Sen. Amy Klobuchar of Minnesota. The clash came ahead of Nevada’s caucuses on Saturday.

Here are some of the initial reactions from analysts:

Continue Reading at MarketWatch.com…

U.S. Ambassador: The Insane Ways the U.N. Wastes Money (Pt.2) | Richard Grenell | Politics | Rubin Report




from The Rubin Report

Video Description…

Gold Chased the Money Supply Higher

by David Kranzler
Investment Research Dynamics

Q: “Why is the Fed reluctant to let the boom-bust nature of markets play out?”
A: “Because it what’s they’ve always done [since the Fed was founded in 1913]…Once you’re in power, you’re going to do what you can to defend the system as it is”

The best official measure of the money supply created by the Fed was M3. “Was” because the Fed under Helicopter Ben removed M3 from public view. But the “effective” money supply is the currency printed plus the “spendable” currency created by debt issuance. Currency from a loan behaves like printed money until the loan is repaid. But for the last 10 years the amount of the loans outstanding, and therefore the supply of “spendable” currency, has risen at an increasing rate.

Continue Reading at InvestmentResearchDynamics.com…

Bloomberg Blew It | The Michael Knowles Show (Ep. 498)




from The Daily Wire

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Corona Virus: Is More Debt the Solution?

by Stewart Thomson
Gold Seek

1. The decline of the American empire continues relentlessly. The citizens look towards their government for guidance and all they see is maniacal debt worship. Monkey see…monkey do:

2. New statistics show that credit card debt of millennials now rivals total student loan debt.

3. Please click here now. The nation’s so-called “leaders” now appear to function mainly as debt clock operators.

4. They look like deck hands on a titanic ship of debt. There are gaping holes in the hull, but the focus is on “making growth great” by loading the overloaded ship with even more crates of debt.

Continue Reading at GoldSeek.com…

Important Updates! Eyes Again on the Debt Market.




from Gregory Mannarino

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Bloomberg Was Stopped, Frisked and Bruised at Debate

by Pam Martens and Russ Martens
Wall Street on Parade

Michael Bloomberg reaffirmed for those who have turned off the news since January 20, 2017 that no one, not even his own mock debate team, dares to tell a powerful billionaire what he doesn’t want to hear. And that’s one of the key reasons that billionaires are so dangerous to high public office – they hear only their own voice.

Bloomberg’s performance on the Democratic Debate stage last night was painfully embarrassing. It was like watching an overly-hyped downhill skier, in his first appearance at the U.S. Olympics, trip on his skies getting off the chair lift and slide down the mountain on his belly – making a few awkward groans on the way down.

Continue Reading at WallStreetOnParade.com…