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Fed Has Nowhere to Run to, Nowhere to Hide with Gordon T. Long

from Kerry Lutz's Financial Survival Network

Gordon T. Long and Kerry discussed the performance of the S&P 500 and its fluctuations due to COVID-19. They also explored the potential risks and impacts on the equities market, the role of Treasury Secretary Yellen in managing market liquidity, and the consequences of tighter credit and looser financial conditions. Additionally, they compared Gross Domestic Product (GDP) and Gross Domestic Income (GDI), highlighting the discrepancies and the impact of inflation on GDI. Finally, they examined the current state of the U.S. economy, expressing concern over the growing national debt and the continuous reliance on credit.

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Prospera Energy Increases Reserve Valuation 5X (PDP) & Forecasts 2.5X Production by Q4

from Kerry Lutz's Financial Survival Network

We sat down with Prospera Energy Inc.’s (🇺🇸GXRFF — 🇨🇦PEI) CEO Samuel David and CFO Chris Ludtke take a deep dive into the company’s groundbreaking latest reserve report showing a staggering 508% increase in proven developed producing reserve value. This  marks a significant turning point for the company, underlining the untapped potential of Prospera’s reservoirs and laying out upcoming drilling plans. They discuss the transformative effects of this development on Prospera’s trajectory, emphasizing the expansion opportunities and the drilling initiatives set to commence, particularly focusing on the strategic exploitation of their largest, and mostly undeveloped core property in Saskatchewan.

Throughout the discussion, CFO Ludtke stressed the report’s financial implications, how it opens up new non-dilutive financing sources and substantially elevates the company’s net present value (NPV). This financial leap forward is a major game-changer. NPV is now almost triple Prospera’s market cap, showing a gap between market perception and results. The conversation also covers the operational aspects, shedding light on Prospera’s development program which encompasses addressing delayed production, enhancing infrastructure, and mitigating the impact of seasonal production declines.

CFO Ludtke further explains Prospera’s financing strategies, which will support the forthcoming drilling activities, without any further dilution. This aspect is critical as it underscores Prospera’s commitment to reducing capital outlay through the utilization of existing infrastructure and the strategic addition of experienced personnel, all aimed at bolstering the planned development.

Significant attention is given to the analytical dissection of the 2023 Reserves Report, which details the remarkable increases in both PDP and 2P reserves. They discuss the extensive growth potential underscored by the report, particularly highlighting the company’s strategic positioning and readiness to leverage these assets for future development. Prospera’s robust 2024 development plan includes an array of drilling activities and a pilot pressure support scheme designed to enhance recovery rates, setting a clear path towards achieving a 2024 year-end exit target rate of 5,000 BOEPD.

This is still one of our largest holdings and we’re looking forward to a highly productive 2024.

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Experts Surprised: Government Admits High Inflation with John Rubino

from Kerry Lutz's Financial Survival Network

Kerry and John Rubino take a dive deep into a myriad of pressing issues shaping our world today. From the recent upsurge in Bitcoin prices to the intricate future of cryptocurrencies, this discussion covers the essentials of today’s economic landscape. Discover the experts’ takes on the current state of inflation and how it’s reshaping global economic policies, alongside an in-depth analysis of the consequences rising prices have on shoplifting rates and police reactions. But that’s not all – Kerry and John also tackle the controversial subject of a vigilante app, examining its potential impact on business practices and public safety. The dialogue further explores the contentious TikTok ban and what it signifies for free speech and international relations. Amidst these topics, the conversation doesn’t shy away from political hot potatoes. Listen as the speakers discuss the ongoing legal struggles faced by Donald Trump and speculate on the rise of a new “no-label party” in the forthcoming 2024 election. Throughout the discussion, the duo underscores the paramount importance of protecting free speech, ensuring public safety, and addressing the challenges law enforcement officers encounter amid these tumultuous times. This video is a must-watch for anyone interested in understanding the complex interplay between economics, politics, and societal issues, and how these realms influence each other in today’s fast-paced world. Don’t miss out on this thought-provoking session that challenges the status quo and encourages a deeper reflection on the forces shaping our lives.

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Feeling the Pinch: How Inflation Could Shake Up Your Financial Future! with Mindy McIntosh

from Kerry Lutz's Financial Survival Network

Mindy McIntosh and Kerry discussed the potential impact of inflation on financial planning, retirement, and cost-saving strategies. Mindy provided a detailed analysis of the 0.4% increase in prices and predicted a potential worsening of inflation due to factors such as energy prices and increased travel demand. Kerry raised concerns about the housing market and the impact of higher interest rates, while also discussing the effects of increased travel demand on airline prices and employee pay increases. The conversation emphasized the need for careful budgeting, increased contributions to retirement plans, and tax-efficient strategies to mitigate future financial risks. They also discussed various strategies for cost-saving and smart shopping, including meal planning, utilizing apps and coupons for savings, and the importance of distinguishing between needs and wants.

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Economic Indicators, Market Trends, and Job Report Skepticism in the U.S. Economy with David Stryzewski

from Kerry Lutz's Financial Survival Network

Kerry and David Stryzewski discussed various economic indicators and market trends, including the recent jobs report and the challenges faced by banks and corporations. They expressed skepticism about the accuracy of the current unemployment rate and the strength of the US dollar, while emphasizing the potential investment opportunities in commodities and alternative assets. The conversation also touched on the rise of Bitcoin as an alternative payment method and the potential impact of blockchain technology on future transactions. Furthermore, the discussion delved into investment strategies, with a focus on the potential of gold and silver as investment options. They also discussed the upcoming release of David’s book and the launch of Kerry’s new website, which aims to address the impact of inflation on consumer expenses. Throughout the meeting, Kerry and David emphasized the importance of seeking professional financial advice and navigating the current economic landscape with caution.

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AI Taking Over Jobs in the Financial Industry. Stock Market Trends & Bubbles with Chris Markowski

from Kerry Lutz's Financial Survival Network

Kerry and Chris Markowski discussed various topics related to the stock market and the impact of AI on the labor force and industries. They explored the question of whether the current market is a bubble or a super growth market, using Tesla as an example for analysis. The speakers also drew parallels to historical technological advancements and expressed concerns about the significant impact AI could have on employment. They shared insights on how AI could potentially replace certain roles, while also highlighting the limitations and potential job displacement associated with AI advancements. Additionally, the conversation touched on the challenges confronting investors, including inflation, geopolitical instability, and moral degradation.

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Gold Stock Opportunity Magnitude: “I’ve Never Seen a Situation Like This” Says Pro Michael Gentile

from Mining Stock Education

Strategic resource investor Michael Gentile believes investors are being offered a historic opportunity in the gold stocks right now.  He offers a wide range of junior mining stock investing advice in this 40-minute discussion with Bill Powers. From 2003 to 2018 Mr. Gentile worked as a professional money manager at Formula Growth Limited, an independent investment management firm established in Montreal in 1960 with a long-term track record of creating investor wealth. While at Formula Growth his main sector focus was the mining and natural resource sectors. In 2012, Mr. Gentile became the co-manager of the Formula Growth Alpha Fund, a market neutral hedge fund focused on small to mid-cap equities. From 2011 to 2018 the Formula Growth Alpha Fund became one of the largest market neutral funds in Canada, growing its assets under management to over $650 million by the end of 2018. In October 2018, Mr. Gentile retired from full time money management in order to be able to spend more time with his family. Subsequently, he remains a very active investor in the mining space owning significant stakes in several small-cap mining companies and is currently a strategic advisor to Radisson Mining Resources (TSX.V: RDS) and a board member of Roscan Gold Corporation (TSX.V: ROS) and Northern Superior Resources (TSX.V: SUP).

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FreedomFest’s Dynamic Shift: It Keeps Getting Better with Mark Skousen

from Kerry Lutz's Financial Survival Network

Kerry and Mark Skousen discussed various topics related to the upcoming FreedomFest event. They talked about the challenges faced during the pandemic and the strategic decision to alternate the event’s location. They also revealed exciting details about the next FreedomFest in Palm Springs, California, including the historical significance of the location and the shift in timing to avoid extreme heat. The keynote speakers for the upcoming event in Vegas were also introduced, and a planned debate on intellectual property rights was discussed, shedding light on the differing opinions within the libertarian community.

The conversation also touched on the implications of AI on content creation and plagiarism, with Lutz sharing his personal experience with AI-generated show notes and Skousen expanding on the positive aspects of AI while raising concerns about its potential to create misinformation and manipulate political discourse. The political and economic landscape in Latin America was also analyzed, with a specific focus on the recent libertarian leadership in Argentina and the potential implications of dollarization. Finally, the performance of Bitcoin as an asset, its potential as an inflation hedge, and the government’s impact on its market growth were discussed, along with the TNT Trader short-term trading system and the importance of having a disciplined system for trading.

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Claim Your Free ‘Revenue Sourcing’ Retirement Planning Book with Dennis Tubbergen

from Kerry Lutz's Financial Survival Network

Dennis Tubbergen and Kerry Lutz discussed the current economic landscape, expressing concerns about the artificial nature of GDP growth and the sustainability of the model. They drew parallels between the situation and a Ponzi scheme, highlighting the potential for hyperinflation and economic collapse. The conversation also touched on the impact on Social Security and the role of the Federal Reserve in addressing the challenges. The speakers explored the need for a forced debt jubilee and investment opportunities in precious metals and agricultural real estate. Tubbergen shared information about his book and podcast, while Lutz drew attention to various indicators such as the surge in gold and Bitcoin prices, insider selling in the stock market, and distress in commercial real estate.

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Fury Gold: Éléonore South Consolidation Creates New Opportunities CEO Tim Clark

from Kerry Lutz's Financial Survival Network

In a significant sponsor update from Fury Gold Mines’ (🇺🇸FURY — 🇨🇦FURY) CEO Tim Clark and Chief Geologist Bryan Atkinson provided insights into the company’s recent initiatives and prospects. They discussed the consolidation of the Éléonore South project, highlighting its critical importance to Fury’s portfolio. This acquisition, driven by Newmont’s divestiture efforts, amplifies Fury’s exploration potential when Newmont sells its Éléonore mine.

Clark elaborated on the effects of the current gold price trends, particularly the impact of $2100 gold. If this price level holds the sector’s prospects will brighten, especially for well-capitalized and strategically positioned companies like Fury. The consolidation of the Éléonore South project, greatly expands Fury’s optionality along with opportunities for growth and value creation. He also talked about their Dolly Varden holdings and their intentions for the future.

Atkinson further delved into the company’s exploration and expansion efforts, particularly highlighting the positive outlook for the Eau Claire project as well as its other properties. He also reviewed the prospects for Fury’s next drill program and the high likelihood of additional significant discoveries. Presently he is working on the upcoming updated resource estimate. All signs point to increased shareholder value, which is why we hold Fury shares.

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A House of Cards On Stilts

by James Rickards
Daily Reckoning

What’s driving the current stock market frenzy? Is it a new bubble pure and simple? Is it driven by fundamentals? Does the Fed play an important role?

Let’s look at these factors and make a forecast of stock market index levels based on these and other inputs.

Trends in stock prices over the past year have largely been a function of market expectations about Fed rate cuts and market euphoria over strong economic data, including low unemployment rates.

Another factor is the upward momentum for all stocks due to the AI-inspired frenzy now going on. While these price drivers are easy to spot and explain, it’s the case that they mask a much more troubling economic reality that will emerge soon to push stock markets significantly lower.

Continue Reading at DailyReckoning.com…

JPMorgan’s Federally-Insured Bank is Fined $348 Million for Losing Track of “Billions” of Trades

by Pam Martens and Russ Martens
Wall Street on Parade

On Thursday of last week, two of JPMorgan Chase Bank’s federal regulators fined the riskiest bank in the United States $348 million dollars for engaging in “unsafe and unsound banking practices” for failing to supervise “billions” of trades on at least 30 global trading venues.

The Office of the Comptroller of the Currency (OCC) fined JPMorgan Chase Bank $250 million while the Federal Reserve fined the bank $98.2 million. The OCC said the misconduct occurred since at least 2019. The Fed said the bank had engaged in the misconduct over the span of nine years, from 2014 to 2023.

The key outrage embedded in these charges – that mainstream media failed to point out in its coverage last week – is that this “trading” activity did not occur at the registered brokerage firm of JPMorgan, which has properly licensed traders and trading supervisors. It occurred at the federally-insured bank, which is not allowed to have licensed traders – because casino banking brings on bank runs, bank panics and giant scandals that undermine Americans’ confidence in federally-insured banks.

Continue Reading at WallStreetOnParade.com…

Illegal Immigrant Can Carry Guns: Federal Judge

from Zero Hedge

Authored by Zachary Stieber via The Epoch Times,

An illegal immigrant was wrongly banned from possessing guns, according to a recent ruling.

A federal law, Section 922 of Title 18 of the U.S. Code, bars illegal immigrants from carrying guns or ammunition. Prosecutors charged Heriberto Carbajal-Flores, the illegal alien, in 2020 after he was found in Chicago carrying a semi-automatic pistol despite “knowing he was an alien illegally and unlawfully in the United States.”

U.S. District Judge Sharon Johnson Coleman rejected two motions to dismiss, but the third motion, based on a 2022 U.S. Supreme Court ruling, triggered the dismissal of the case on March 8.

Continue Reading at ZeroHedge.com…

Boots On the Ground From Russia

by James Hickman
Schiff Sovereign

[Editor’s Note: Today’s article was written by a colleague who recently traveled to Russia. These are his observations about the current situation on the ground.]

Today in Russia, there is unmistakable tension in the air.

You definitely don’t want to speak out against the war or the current regime— it’s almost guaranteed way to lose your job or end up in a prison.

That’s why everyone is so careful about what they say, and to whom they say it. Unless you know someone really, really well, you have to avoid any potentially controversial topics.

The TV blasts propaganda on a daily basis, effectively brainwashing millions of people. It’s surprising how many Russians seems to believe the news… or at least pretend to believe it.

Continue Reading at SchiffSovereign.com…

The Inevitability of Election Turmoil and Can We Find Common Ground?

The insanity continues to mount, and it’s hard to see how this next election cycle doesn’t lay bare the fact that we don’t have a democracy and haven’t for as long as we’ve had electronic voting machines. So, it’s time to become even more prepared as there are millions of people dead set on either getting their way or ruining the West.

by Dr. Chris Martenson
Chris Martenson’s Peak Prosperity

The sides are being drawn up. Social Media would like to have me think that we’re now in camps whose Venn diagrams no longer overlap.

This fracturing is certain to come to a head when camp A 100% believes (and has data to back its assertions) that the voting machines are rigged and quite clumsily at that. There’s zero chance that was by accident. Camp B believes that any questioning of voting results threatens ‘our’ democracy, as long as the voting m machines are installing their candidates that is.

The media exposed its insane underbelly when it comically hyperventilated about Trump’s use of the word ‘bloodbath’ when referring to Detroit’s auto industry’s chances under a second Biden term. Their insanity was doubly delicious because of how many times their side had used the same word in the past in various other settings and contexts.

If we do not get this all under control then it all ends right where these things always end; in mass atrocities.

Continue Reading at PeakProsperity.com…

How the Democrats Plan to Steal the Election

by Llewellyn H. Rockwell, Jr.
LewRockwell.com

How the Democrats Plan to Steal the Election

Biden and Trump have clinched the nominations of their parties for President. Everybody is gearing up for a battle between them for the election in November. It’s obvious that Biden is “cognitively impaired.” In blunter language, “brain-dead”. Partisans of Trump are gearing up for a decisive victory. But what if this battle is a sham? What if Biden’s elite gang of neo-con controllers won’t let Biden lose?

How can they stop him from losing? Simple. If it looks like he’s losing, the elite forces will create enough fake ballots to ensure victory. Our corrupt courts won’t stop them. They have done this before, and they will do it again, if they have to.

I said the Democrats have done this before. The great Dr. Ron Paul explains one way they did this in 2020. The elite covered up a scandal that could have wrecked Biden’s chances:

Continue Reading at LewRockwell.com…

Brick-and-Mortar Meltdown Fells Another Retailer: Joann Inc. Files for Bankruptcy Three Years After IPO

by Wolf Richter
Wolf Street

The IPO allowed the PE firm that had acquired Joann via an LBO in 2010 to dump the shares into the lap of the public in March 2021.

It all came together in one fabulous package, in the bankruptcy filing today by Joann Inc., an old-line fabric and crafts retailer with about 850 stores in the US.

It’s the stuff we’ve called Brick-and-Mortar Meltdown since 2017, during which hundreds of major retailers, from the biggest ones on down, filed for bankruptcy and most were liquidated. Plus, cherry on top of the cake, it’s the stuff we’ve seen since 2021 in our pantheon of Imploded Stocks.

Joann Inc. brings it all together:

Continue Reading at WolfStreet.com…

Majority of Voters Are ‘Struggling’ Under Joe Biden’s Inflation

by Wendell Husebo
Breitbart.com

A majority of voters are “struggling” under President Joe Biden’s soaring inflation, a McLaughlin and Associates poll found Monday.

As citizens suffer from prices about 20 percent higher across the board since Biden assumed office, more than three-quarters of Americans said Biden’s economic plan negatively impacts them.

  • Impacted (overall): 83 percent
  • Struggling: 50 percent
  • Small impact: 33 percent
  • No change: 17 percent

Just 63 percent of respondents said Biden’s economy is getting worse, while 31 percent said it is getting better.

Continue Reading at Breitbart.com…

Fact-Checking “Greedflation”

by Nicolás Cachanosky
The American Institute for Economic Research

Some myths are stubbornly persistent. Count the greedflation myth among them. A recent poll conducted by Navigator indicates a notable uptick in the number of people attributing inflation to corporate greed. That’s worrisome: public opinion eventually becomes public policy. Senators Warren, Casey, and Baldwin are again pushing for executive powers to “crack down” on what they see as “corporate price gouging.”

Despite its popularity, the greedflation narrative fails to hold up when subjected to standard economic analysis.

In brief, proponents of the greedflation narrative maintain that businesses deliberately hike prices in order to increase their profits. Of course, if businesses increase their minimum willingness to accept (i.e., the supply schedule), the quantity demanded will fall. Hence, proponents of the greedflation narrative implicitly assume that higher prices will more than offset the revenue foregone as a consequence of selling fewer units.

Continue Reading at AIER.org…

The CCP Sucks. So Does Banning TikTok.

Plus: A listener asks about Republicans and Democrats monopolizing political power in the United States.

by Matt Welch, Katherine Mangu-ward, Nick Gillespie, and Peter Suderman
Reason.com

In this week’s The Reason Roundtable, editors Matt Welch, Katherine Mangu-Ward, Nick Gillespie, and Peter Suderman weigh in on the approved House bill that could potentially usher in a ban on popular social media app TikTok in the United States.

01:49—Legislation to ban TikTok

16:39—California’s continued high-speed rail boondoggle

33:48—Weekly Listener Question

Click Here to Listen to the Audio

Continue Reading at Reason.com…

During the Hearing On a Pivotal Free Speech Case, Ketanji Brown Jackson Has Issues with That Pesky First Amendment

by Andrea Widburg
American Thinker

In 2001, Barack Obama said something interesting about the Constitution. It was, he said, “a charter of negative liberties” setting out what the government cannot do. That’s a very peculiar formulation because, rather than seeing the Constitution from the people’s viewpoint as a leash on tyranny, he saw it from the government’s viewpoint as an irritating restraint on its power. Today, when the Supreme Court heard oral argument in a pivotal free speech case arising from the government’s pressure on social media during COVID, Ketanji Brown Jackson made the same point, only more explicitly. These people really hate that you have the right to talk back.

The case is Murthy v. Missouri. Multiple plaintiffs (state attorneys general and “epidemiologists, consumer and human rights advocates, academics, and media operators”) filed suit complaining that the government did indirectly that which it cannot do directly: Namely, it censored them, not by using its direct police power, but by putting pressure on social media outlets to censor any speech that ran counter to the government’s preferred COVID narrative (i.e., lockdowns, masks and, above all, forced vaccinations):

Continue Reading at AmericanThinker.com…

Gold Bull Catalyst: Some Indicators Are Approaching 2009 Collapse Levels

from King World News

Even more gold bull catalysts are emerging as some indicators are now approaching 2009 collapse levels. Take a look…

“Brother, can you spare a loan?”

March 18 (King World News) – Peter Boockvar: Tight lending standards and slack demand with the high cost of capital resulted in a drop in C&I loans outstanding for the week ended 3/6 to just above the lowest level since September 2022. As seen in the chart below, you can see we’ve pretty much flat lined since the bank failures one year ago.

Continue Reading at KingWorldNews.com…

What is Happening in Haiti Will Come Here Too

by Michael Snyder
The Economic Collapse Blog

The kind of rampant civil unrest that has thrown Haiti into turmoil will happen in the United States and other wealthy western nations too. At this point, it is just a matter of time. Here in the United States, we have been adding millions upon millions of extremely desperate people on top of the millions upon millions of extremely desperate people that we already had. Politicians in major cities such as New York and Chicago openly admit that they can’t possibly take any more migrants because the social services available for them have been completely overwhelmed, but more migrants just keep coming anyway. We are creating an extremely explosive environment, and the pressure that is coming in 2024 and beyond could push things over the edge.

If you want an idea of what is coming, just look at what is happening in Haiti right now. Following years of disastrous policies, the entire nation has descended into a state of chaos…

Continue Reading at TheEconomicCollapseBlog.com…

The Unmitigated Racist Gall of Suggesting Haitians Give Up Cannibalism

[Ed. Note: I’d be willing to settle for, “at least don’t look so happy while you do it.”]

by Ben Bartee
The Daily Bell

Originally published via Armageddon Prose:

Some time in the past, liberal thinkers of the Western worldview cultivated a concept called “cultural relativism,” which has since rendered the Western mind a stupefied mess, unable to pass any sort of moral judgment at all on other cultures — let alone assert its own superiority when it’s warranted (almost all cultures have at least something that they offer better than the rest; the culture-making art is taking — “appropriating,” if you will — those elements of foreign cultures that are noble and discarding those that are not).

Continue Reading at TheDailyBell.com…