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From Desk to Destination: Work Anywhere, and Live the Traveler’s Dream with Aaron Clements

from Kerry Lutz's Financial Survival Network

Kerry and Aaron Clements discussed the digital nomad lifestyle, highlighting its advantages and challenges. They talked about the freedom and independence it offers, as well as the potential loneliness and need for adaptability. Aaron provided valuable advice for those considering this lifestyle, emphasizing the importance of pursuing work that aligns with their passions and understanding their essential needs while traveling. He also promoted his book, “From Desk to Destination,” which provides a comprehensive guide for transitioning to the digital nomad lifestyle, including practical tips, mindset strategies, and insights on maximizing resources and opportunities.

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The Tax Free Business Owner with Mark Miller

from Kerry Lutz's Financial Survival Network

Kerry interviewed Mark Miller about his book, “The Tax-Free Business Owner,” which offers over 130 tax mitigation strategies. Miller emphasized the importance of proactive planning to reduce taxes and highlighted the need for formalized tax plans and working towards a zero tax bracket. The conversation also covered the significance of trusts and wealth strategies in minimizing taxes and building wealth, as well as the importance of estate planning and utilizing advanced investing strategies from the Hilton True Wealth portfolios. Miller also shared information about an upcoming book that will delve into the advanced investing strategies utilized by the Hiltons.

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Potential Future of Electronic Payment Systems with Jeremy Lessaris

from Kerry Lutz's Financial Survival Network

Kerry and Jeremy Lessaris discussed cost reduction in credit card processing. Lessaris explained his method of using machine learning to assess the profitability of current processors and negotiate lower fees without requiring businesses to switch processors. He emphasized the importance of regularly reviewing processing statements as pricing can change unpredictably. The conversation also delved into the intricacies of credit card processing fees, the predatory practices of companies, and the potential for alternative payment methods like cryptocurrencies and ACH transactions to offer solutions to these challenges. Paymentbrokers.com was mentioned as a resource for further information on these topics.

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Overcoming Fear: Tackling Failure, Public Speaking, & Digital Communications with Ron Koenigsberg

from Kerry Lutz's Financial Survival Network

Kerry and Ron Koenigsberg discussed various topics related to personal and business growth. They talked about the evolving real estate market and the importance of effective sales skills, emphasizing the significance of active listening, positive thinking, and enthusiasm. The conversation also touched on overcoming fear, particularly the fear of failure and public speaking, and the challenges of managing text messages. The speakers shared personal experiences and insights, highlighting the relevance of communication, resilience, and personal growth in achieving success in various aspects of life and business.

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Guns, Girls, and Greed: I Was a Blackwater Mercenary in Iraq with Morgan Lerette

from Kerry Lutz's Financial Survival Network

Kerry and Morgan Lerette discussed various topics related to the challenges and complexities of military engagements in Iraq. They explored Lerette’s experiences as a mercenary, the difficulties of nation-building, the challenges of providing support in a self-interested environment, and the historical and contemporary role of private military contractors. The conversation shed light on the lack of coordination between different agencies, the limitations of General Petraeus’ strategy, and the difficulties of instilling democratic values in societies where tribal loyalty takes precedence. They also discussed the potential impact of private military contractors on political decision-making and the need for greater scrutiny and regulation in this area.

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Demographic Shift Impacting Gold Miner Valuations Explains Mining Sector Expert Brian Christie

from Mining Stock Education

“There has been a bit of a demographic shift. Guys my age are retiring, and they are not putting a lot of their money to risk as much anymore. Even the flow-through market here…there used to be a lot of doctors, dentists, lawyers that would typically put money in flow-through funds to get the tax advantage. The Canadian government has changed some of those rules and made it a lot harder. So, I think that is part of the disconnect [between the gold price and gold miners’ valuations],” says mining sector expert Brian Christie. Listen to this MSE interview for more insights from Mr. Christie.

Brian Christie has vast mining sector experience. He began his career as a geologist and saw two mineral discoveries first-hand. Then he traveled the world as a journalist for The Northern Miner. Brian next served as a mining equity analyst for nearly two decades before leading the investor relations team at Agnico Eagle, a leading gold producer. Currently, Brian is on the board of directors for Wallbridge Mining and, since May 2023, is the chairman of Fury Gold Mines (MSE sponsor).

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Dollars and Sense: Shield Your Wallet From Inflation’s Bite with Mindy McIntosh

from Kerry Lutz's Financial Survival Network

Kerry and Mindy McIntosh discussed the implications of the 1.6% annual GDP growth in the first quarter, including the potential effects of rate cuts on mortgage interest rates and CD rates. They also highlighted the importance of consumers having a well-diversified financial plan to combat the erosion of purchasing power due to inflation. The discussion also touched on concerns about the sustainability of the current economic path and the need for a wake-up call to pull back from the brink. In a separate discussion, they talked about the long-term implications of AI on the economy, emphasizing the need for thoughtful investment strategies and caution against knee-jerk reactions. They also discussed the potential impact of AI on personal interactions and communities, while highlighting the importance of maintaining a balance between technological advancements and human-driven experiences.

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Inflation & Fed Rate Cuts Market Outlook for S&P, Dollar, Gold, & Silver with Jim Welsh

from Kerry Lutz's Financial Survival Network

Kerry and Jim Welsh discussed the recent inflation surge and its potential impact on the anticipated Fed rate cuts. They highlighted concerns about the challenges in achieving the inflation target and the potential limitations of traditional monetary and fiscal policies. The conversation also touched on the historical evolution of Fed policy and its potential implications for future economic growth and unemployment rates. Jim Welsh presented a thorough analysis of the market, addressing the potential consequences of social security and deficit spending on treasury bonds and the bond market. He predicted a new secular bear market in the bond market, signaling a shift in market trends. Welsh also anticipated slower economic growth with higher treasury yields, providing insights into TLT, GDP, the yield curve, the dollar, and gold.

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The Economic Rollercoaster: Government Spending, Debt, and Inflation with Brad Williams

from Kerry Lutz's Financial Survival Network

Kerry and financial expert Brad Williams discussed the current economic climate and its potential impact on individuals’ financial well-being. They explored the signs of a looming recession, the hidden effects of inflation on consumer behavior, and the growing interest in alternative investments such as gold and Bitcoin. The conversation also highlighted the risks associated with government spending and monetary policies, emphasizing the need for a balanced and diversified financial approach, particularly for retirees. The speakers also discussed the importance of fiscal responsibility, political decisions on the economy, and the need for informed voting. They concluded by reminding attendees to sign up for a free newsletter and providing contact information for financial advice.

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West Red Lake Gold: Primed for Near-Term Production with Top-Tier Team & Infrastructure

from Kerry Lutz's Financial Survival Network

We met with West Red Lake Gold’s (🇺🇸WRLGF — 🇨🇦WRLG new sponsor), CEO and President, Shane Williams. He is a true mine builder, having brought 5 prior mines online. He highlighted his action-oriented approach and the strategic decision to join WRLG, attracted by its incredible potential.

Shane revealed the latest drill results from the Madsen mine’s South Austin Zone, intersecting 68.36 g/t Au over 1.1m and 13.83 g/t Au over 3.95m. He has assembled one of the most solid teams in his experience, explaining how these moves have given WRLG the ability to start producing in Q4 ‘25. Discussing the primary focus on the Madsen mine, once valued at $1 billion, Shane provided insights into the timetable for restarting production and the steps he’s taken to mitigate inflation impacts on project costs. He’s still surprised by the company’s good fortune in acquiring the existing mill and infrastructure (for just pennies on the dollar) noting that replacement costs are north of $700mm. Following the previous management’s inability to acquire profitability, he’s busy capitalizing upon this once in a lifetime opportunity.

He commented on the continued excellent drill results, the strategic challenges ahead, and the catalysts for success. With current gold prices holding strong, Shane is excited by the positive impact on WRLG’s economics as well as the broader industry.

Highlighting recent successful funding efforts, Shane contrasted WRLG’s position with peers who have struggled to survive, underscoring key strategies for maintaining operational momentum. For these reasons we have taken a position in WRLG.

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Bad News, I’m Afraid

by James Rickards
Daily Reckoning

Most economists don’t believe we could have stagflation today. The prevailing view is that recessions are characterized by higher unemployment and reduced spending, and inflation is triggered by full employment and increased spending and therefore they cannot both happen at the same time.

This prevailing view is wrong, as I explain today. Yet it’s a powerful narrative that blinds most analysts to situations where stagnation and inflation are both happening at the same time.

That’s stagflation and it is emerging today.

The first wing of the stagflation thesis is stagnant growth. This can take the form of an outright recession (two consecutive quarters of declining GDP) or simply slow growth at a rate below the potential growth of a strong economy.

Continue Reading at DailyReckoning.com…

Government Policies Are Hurting and Harming

The fact pattern isn’t very cheery; those in charge are actively and directly harming their own citizens and they seem clueless about that fact, or it’s intentional. Which is worse?

by Dr. Chris Martenson
Chris Martenson’s Peak Prosperity

It’s a fact; government policies are driving the cost of housing out of all bounds of decency in Australia (and elsewhere, of course), the new “policies” about ‘risky’ bioresearch are virtually guaranteed to make us all a lot less safe, and hospital policies killed people such as in Bergamo Italy.

Add it all up and our technocratic classes have entirely lost the plotline unless that plot involves harming and killing everyone.

So, what do we do with that information, exactly?

Continue Reading at PeakProsperity.com…

Cleary Gottlieb – Outside Counsel to Wall Street’s Serially Bailed Out Megabanks – Tarnishes the FDIC Chair in its So-Called “Independent” Report

by Pam Martens and Russ Martens
Wall Street on Parade

Yesterday, the Big Law firm Cleary Gottlieb released its so-called “independent review” of charges of sexual harassment at the Federal Deposit Insurance Corporation (FDIC). Although no employee is charging Martin Gruenberg, the Chair of the FDIC, with sexual harassment, Cleary Gottlieb seems to go out of its way to paint Gruenberg in a negative light in the report – 108 times in fact.

Gruenberg held the deciding vote at the FDIC last July when the bank regulator approved moving forward with proposed new rules to significantly raise the capital levels at the megabanks on Wall Street, particularly those holding trillions of dollars in derivatives off their balance sheet. These include the same banks that secretly received $16 trillion in cumulative emergency loans from the Federal Reserve from December 2007 to July 2010 because they were undercapitalized and teetering on insolvency, as well as receiving billions of dollars in equity infusions from the U.S. taxpayer. They also include the same banks that received trillions of dollars in emergency repo loan bailouts in the last quarter of 2019 and more bailouts during the COVID-19 pandemic in 2020.

Continue Reading at WallStreetOnParade.com…

U.S. Taxpayers Forced to Pay an Additional $559 Billion in Student Loan Forgiveness

by Martin Armstrong
Armstrong Economics

Short of joining Hamas, there is nothing Joe Biden will not do to secure the Gen Z vote. The latest plan will “forgive” $7.4 billion worth of student loans, which brings the total of loan cancelations under Biden to $153 billion. This new wave will benefit 277,000 borrowers/voters and cost the American public $559,000,000,000.

The original student loan forgiveness plan backfired, plain and simple. Payments were frozen in March 2020 under the CARES Act when countless people were out of work, and the program made sense. Millions of people simply stopped paying their loans as they believed Biden’s campaign promise to make all student loans vanish into thin air. By July 2023, over 7.5 million borrowers had defaulted on their student loan payments. Millions more were set to default in September 2023, when the COVID provisions were set to end. The Department of Education then decided to create an “on-ramp” period until September 2024 so that anyone who missed a payment would not face consequences.

Continue Reading at ArmstrongEconomics.com…

Social Security Will Run Out of Money in Nine Years

by James Hickman
Schiff Sovereign

Social Security’s annual trust fund report was released yesterday… and, no surprise, the report states very clearly that trust fund balances “are projected to become depleted during 2033.”

Allow me to repeat that: Social Security’s most important trust fund will run out of money in nine years.

This is a fact, not some wild conspiracy theory; remember that the annual report is signed by top government officials including the United States Secretaries of the Treasury, Labor, and Health and Human Services… so the projection is about as official as it can get.

But if you dive into the report, you quickly notice that even such a grim forecast may, in fact, be too optimistic.

Continue Reading at SchiffSovereign.com…

Hikikomori and Lying Flat: When “Making It” Becomes Hopeless

by Charles Hugh Smith
Of Two Minds

No wonder so many people devote themselves to curating an artificial digital representation of themselves that they reckon is worthy of recognition and status.

What does it take to “make it” in today’s economy? As described in Withdrawing from the Rat Race Is Going Global, the world has changed in fundamental ways that have made it much more difficult to “make it” into the ranks of the middle class, and even harder to claw one’s way into the higher reaches of the economic order, i.e. the top 10%.

In summary, developed economies have been stripped of secure, well-paid manual-labor work, the purchasing power of wages has declined, prices of assets such as homes have skyrocketed out of reach and the mass overproduction of elites (those with college diplomas and advanced degrees) has created a winner-take-all competitive pressure cooker with few winners and an abundance of also-rans.

Continue Reading at OfTwoMinds.com…

Trump Promised to ‘Drain the Swamp.’ He Did the Opposite.

Total spending under Trump nearly doubled. New programs filled Washington with more bureaucrats.

by John Stossel
Reason.com

Presidential candidate Donald Trump promised to “drain the swamp!”

The “swamp” is the permanent Washington bureaucracy working to perpetuate itself.

In 2020, then-President Trump said he was succeeding: “We’re draining the Washington swamp!”

But it’s not true.

“He made government bigger,” Economist Ed Stringham says in my new video. ‘That’s going in the wrong direction. Looking through a list of agencies, every single one I could see, there were more employees after his presidency than before.”

Trump added almost 2 million jobs to the federal workforce.

Continue Reading at Reason.com…

Used Car Prices Continue Historic Plunge, Wholesale Prices Gave Up 59% of Crazy Pandemic Spike

by Wolf Richter
Wolf Street

Even during tax refund season! Exactly what Americans need. But it’s not helpful for big fleets, such as Hertz.

Seasonally adjusted, prices of used vehicles that were sold at auctions across the US fell 2.3% in April from March, to $18,151, the lowest since April 2021, and down by $5,423 (-23%) from the peak in January 2022, according to today’s Used Vehicle Value Index by Manheim, the largest auto auction house in the US. The index is adjusted for changes in mix and mileage.

From February 2020 through the crazy peak in January 2022, auction prices had spiked by a mindboggling 64%, or by $9,252. The historic plunge so far has surrendered 59%, or $5,423, of that $9,252 spike (red in the chart below).

Continue Reading at WolfStreet.com…

Pfizer CEO: Cancer is ‘New Covid,’ Stock Bonanza Ensues

by Ben Bartee
The Daily Bell

Originally published via Armageddon Prose:

COVID Propaganda Roundup: The latest updates on the “new normal” – chronicling the lies, distortions, and abuses by the ruling class.

White House still blaming brutal inflation on COVID

For a spell there, the Bidenomics propagandists were blaming Russia (“Putin’s price hike” was the slogan) for inflation, but it seems they’ve returned to their golden goose scapegoat for one more drink from the well, the duplicitous bureaucrat’s gift that keeps giving: COVID-19.

Continue Reading at TheDailyBell.com…

The Fed is Already Political

by Connor O’Keeffe
Mises.org

Discourse about the Federal Reserve is frequently full of myths, dishonest framing, and outright lies. Listen to a press conference by Chairman Jerome Powell or read an article from a major outlet’s lead Fed correspondent and you’re bound to hear at least a few. For instance, it’s common for the financial press to characterize the Fed’s current conundrum as “walking a tightrope.”

It’s said that the Fed is working to guide the economy along without tipping it over into either high inflation on one side or a recession on the other. The last couple years, we’re told, saw the economy wobble too far toward the inflation side, with the Fed now attempting to pull the economy back to the thin line of stability without tipping over too far and plunging into a recession.

Continue Reading at Mises.org…

Biden Aims to Shield Hundreds of Billions of Dollars of Spending to Preserve His Legacy From Trump

by Sean Moran
Breitbart.com

President Joe Biden hopes to shield hundreds of billions of dollars in climate spending and other parts of his legacy from a potential Donald Trump return to the White House.

Congress has already approved but Biden has yet to spend hundreds of billions of dollars from legislation that comprises his first-term in office, the American Rescue Plan, his coronavirus stimulus package, the so-called bipartisan infrastructure law, the CHIPS and Science Act, a bill to boost domestic high-tech and semiconductor manufacturing, and the Inflation Reduction Act, a bill that largely compromises green energy spending.

Continue Reading at Breitbart.com…

DEI, Which Stinks to the Public, Morphs Into Creative New Acronyms

by Jack Hellner
American Thinker

Some states have made laws to have universities get rid of their DEI offices.

Good luck with that, because now the infamous equity offices are morphing into other acronyms, same way ACORN used to change its names every time another scandal broke.

DEI, which is “diversity, equity, and inclusion” is a disastrous policy. but harbors a big, decadent, racism industrial complex, so Democrats, as they always do, are “rebranding” the concept instead of getting rid of, to intentionally mislead the public.

Start with Texas.

Continue Reading at AmericanThinker.com…

Hyper-Bubble 2024: Expect Market Distortions to Get Much Worse From Here

from King World News

One thing you can count on in 2024; expect market distortions to get much worse from here.

Expect Things To Get Much Worse

May 7 (King World News) – Gregory Mannarino, writing for the Trends Journal: MMRI, Mannarino Market Risk Indicator. Free and available to everyone at https://traderschoice.net/about-traders-choice/

Back on 10-19-2023, the MMRI topped out at 329.2, its all time high with regard to market risk. (See circled area on the image below). On that day, the DJIA fell 250 points, with the other major averages also lower. In the run up to the MMRI peaking, the stock market/DJIA suffered a series of losses after topping out at 37,710.

Continue Reading at KingWorldNews.com…

It is Being Projected That New Cases of Cancer in the U.S. Will Explode to a Brand New Record High This Year (2 Million in 2024)

by Michael Snyder
The Economic Collapse Blog

We are witnessing an explosion of cancer in the United States that is absolutely unprecedented. As you will see below, it is being projected that the number of new cases of cancer in the U.S. will hit a brand new record high this year, and cancer rates are rising particularly rapidly among our young people. There have been so many prominent individuals in the news that have been diagnosed with cancer recently, and so many people that I personally know have also been diagnosed with cancer recently. I am sure that most of you also personally know people that have been affected by this disease. Of course cancer has been one of the leading causes of death for a very long time, but we have never witnessed anything quite like this.

According to the American Cancer Society, this year the number of newly diagnosed cases of cancer will surpass the 2 million mark for the first time ever…

Continue Reading at TheEconomicCollapseBlog.com…

Putin is Letting it Get Too Late to Turn Aside From Nuclear Armageddon

by Dr. Paul Craig Roberts
PaulCraigRoberts.org

The Russian government including President Putin now publicly acknowledges that Western provocations are increasing in scope and seriousness and are spinning the Ukrainian conflict out of control.

The Russian government has stated that the American F-16 aircraft supplied to Ukraine by the idiotic governments of Denmark, Netherlands, Norway, and Belgium will “be treated as nuclear-capable weapons.”

Dmitry Medvedev, former President of Russia and currently deputy director of the Russian Security Council has declared the West’s leaders to be “infantile morons” whose ignorant arrogance is leading to their destruction.

Continue Reading at PaulCraigRoberts.org…