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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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Why Social Trust is Cratering: The Difference Between Elites and Commoners

by Charles Hugh Smith
Of Two Minds

We trust what we own / control, and the difference between elites and commoners is the elites own / control the wealth and power that dominate our daily lives.

It sounds too obvious to be profound: we trust what we own / control. Of course we do. But it becomes profoundly consequential when we add the shadow half of the statement: we don’t trust what we don’t own / control without constant feedback providing verifiable evidence that it is worthy of our trust.

Absent this positive verifiable (i.e. factual evidence based on both data and personal-anecdotal experience) feedback, we have good reason to assume whatever we don’t own / control is primarily serving the interests of those who do own / control it. And since this means the product/service’s trustworthiness is suspect despite claims that it serves our interests, we must seek a steady flow of feedback substantiating that the product/service is still providing the value the owners / managers are claiming, either explicitly or implicitly.

Continue Reading at OfTwoMinds.com…

Inspired Idiot of the Week: Aspiring Dictator Justin Trudeau-Castro

by James Hickman
Schiff Sovereign

On November 5, 1605 Guy Fawkes was caught in the cellars of the Parliament building in London in what became known as the Gunpowder Plot— a conspiracy to assassinate King James I and restore a Catholic monarch to the English throne.

Guy Fawkes was arrested, tortured, and executed.

And his name, ‘Guy’, became an extreme insult. If someone called you ‘guy’ in the early 1600s, fists might fly— after all, it referred to a traitor who tried to murder the king.

The term ‘guy’ was also used to insult people’s looks or clothing, as the public often burned effigies of Guy Fawkes that were made to look grotesque or shabbily dressed.

Continue Reading at SchiffSovereign.com…

Silver Stars

by Alasdair MacLeod
Gold Money

After a powerful up-move last week, this week gold had a minor correction. Silver’s upward momentum continued through to Wednesday before it ticked off the top. In European trade this morning gold traded at $2168, down $11, and silver at $25.05, up 65 cents.

The feature of these markets is the extraordinary extent to which bullion is leeching out of Comex. So far this year, 95 tonnes of gold have moved from establishment hands presumably into the Other Reported category. But the real surprise is silver, which by this morning had 1,201 tonnes stood for delivery. Normally, these deliveries are merely the shuffling of ownership in Comex-registered vaults. However, the evidence suggests that silver is actually being transferred with a view to being physically delivered outside the vaulting system.

Continue Reading at GoldMoney.com…

From Capitalism to Corporatism

by Jeffrey Tucker
Daily Reckoning

In the 1990s, it was common to ridicule the government for being technologically backward.

We were all gaining access to fabulous things, including the web, apps, search tools and social media. But governments at all levels were stuck in the past using IBM mainframes and large floppy disks.

I recall the days of thinking government would never catch up to the glories and might of the market itself. I wrote several books on it, full of techno-optimism.

The new tech sector had a libertarian ethos about it. They didn’t care about the government and its bureaucrats. They didn’t have lobbyists in Washington. They were the new technologies of freedom and didn’t care much about the old analogue world of command and control. They’d usher in a new age of people power.

Continue Reading at DailyReckoning.com…

Mendacity and Corruption in the Judiciary

by Clarice Feldman
American Thinker

Something is seriously wrong with American law schools and the disciplinary outfits that are supposed to monitor corrupt conduct of practitioners. You can see the effects of this degradation in the outrageous behavior of government prosecutors and in the judiciary, which ignores its responsibility to decide fairly and without bias. We are churning out dishonest, corrupt lawyers and judges who are more than willing to look the other way at such behavior, condoning the most obvious selective partisan prosecutions. As the awareness of the failure of the judicial system grows, the consequences will be enormous — respect for the traditional way of resolving disputes and obeying the law are fundamental aspects of a civilized, prosperous nation. Once that is lost, other less tenable means will be employed.

Continue Reading at AmericanThinker.com…

Seattle Law Mandating Higher Delivery Driver Pay is a Disaster

Just two weeks after the law went into effect, Seattleites had to contend with $26 coffees and $32 sandwiches.

by C. Jarrett Dieterle
Reason.com

In 2022, Seattle’s City Council passed an ordinance mandating a minimum earnings floor for app-based food delivery drivers in the city. The law finally went into effect in January 2024, but so far the main result has been customers deleting their delivery apps en masse, food orders plummeting, and driver pay cratering.

The ordinance, part of a legislative package called “PayUp,” was passed under the banner of protecting gig workers. By setting a compensation floor for app-based delivery drivers based on miles driven and amount of time worked, the ordinance operates as a (supremely complicated) minimum wage.

The wage floor is based on labyrinthine calculations: the “engaged minutes” for drivers are multiplied by a “minimum wage equivalent rate,” which is then multiplied again by an “associated cost factor” and then multiplied yet again by an “associated time factor.”

Continue Reading at Reason.com…

The Burgeoning Security Problem

by Karl Denninger
Market-Ticker.org

This article deserves more notice than it got….

The consumer advocacy group found issues with a dozen seemingly identical video doorbells sold under brand names including Eken and Tuck. All are made by the Eken Group, based in Shenzhen, China, and controlled through a mobile app called Aiwit, which Eken operates, CR said.

Eken and Tuck are not well-known brands in the video doorbell market, yet they are relatively strong sellers online. The doorbells appeared in multiple listings on Amazon, with more than 4,200 sold in January alone. Both brands are often touted as “Amazon’s Choice: Overall Pick,” CR stated.

What is the definition of an “Amazon’s Choice”?

That’s a good question, but arguably one of the better answers is probably “doesn’t get returned often.

This much I can assure you — Amazon doesn’t verify the security chops of such an app or device and apparently neither does Google’s Play Store other than by automated scan because despite this article and CR’s warning the app is still on the Play Store and claims all data is encrypted in transit and none is collected.

Continue Reading at Market-Ticker.org…

Gold Miners’ Q4’23 Fundamentals

by Adam Hamilton
Zeal LLC

The major gold miners are finishing reporting their latest quarterly results, which proved mixed. Their collective production generally declined, forcing mining costs modestly higher. Yet outliers were mostly responsible. Unit profitability still surged dramatically due to near-record prevailing gold prices, but huge impairment charges gutted accounting earnings. Traders need to handpick outperformers to leverage gold.

Out of each year’s four quarterly earnings seasons, Q4’s are the most challenging to analyze. While the annual reports are more comprehensive than quarterlies, some companies report less Q4 detail focusing on full-year results. And annual reporting deadlines are looser and more spread out than quarterly ones, running 60 days after year-ends in the US and a bewildering 90 days for gold stocks trading in Canada!

Continue Reading at ZealLLC.com…

Why Are People Investing in Gold Now?

by Craig Hemke
Sprott Money

“Ask the Expert” podcast, hosted by Craig Hemke and featuring Grant Williams, offers insights on investment strategies, market analysis, and economic trends, including discussions on gold prices and silver prices. Tune in for valuable discussions and expert perspectives on navigating the financial landscape today as we:

1. Delve into effective investment strategies while dissecting current market trends, offering valuable insights for navigating economic fluctuations.

2. Explore the broader global financial landscape and provide expert analysis and perspectives on economic trends shaping investment decisions.

Continue Reading at SprottMoney.com…

Stop All Nanoparticle CV19 Vax Injections Now – Karen Kingston

by Greg Hunter
USA Watchdog

Karen Kingston is a biotech analyst and former Pfizer employee who has been reporting on the nightmare of the CV19 mRNA nanoparticle vax. Kingston proved the CV19 vax was a bioweapon from the very beginning and is now on a team pushing to stop using it in Florida. Kingston says, “We know the mRNA injections never provided any benefit, and because of that, they actually meet the definition of a biological weapon under 18 U.S. Code 175. It’s also a weapon of mass destruction under Florida law 790.166. The statement of facts that was submitted (to the Florida Supreme Court) goes through all the evidence. . . . There was 1.5 million adverse events. The definition of a weapon is any biological agent or device that doesn’t prevent against infection, doesn’t prevent any kind of disease . . . and was not done under bona fide research. We know that research that was done with the Phase 1, 2 and 3 trials, the Emergency Use Authorization (EUA) that was given to Americans and the FDA approved product, none of that was legitimate. There was no informed consent. That is criminal biological human experimentation. That, by definition, is biowarfare. There is no benefit . . . . It actually harms people. If you look at Pfizer’s documents, Moderna’s documents and the government’s documents, they knew all along that harms outweighed the benefits of this product in any population.”

Continue Reading at USAWatchdog.com…

Many of the Most Beautiful Places in America Have Been Transformed Into Open Toilets

by Michael Snyder
The Economic Collapse Blog

Once upon a time, America was such a beautiful place. As a nation, we are blessed with great natural beauty, and the shiny, clean cities that we constructed from coast to coast were once the envy of the entire world. But now many of the most beautiful places in America have literally been turned into open toilets. Let me give you an example of what I am talking about. Decades ago, California beaches were so spectacular that tourists would come from all over the world to experience them. But now the beaches in one section of southern California resemble “a portable toilet” and have been closed for 700 days in a row due to billions of gallons of untreated wastewater that is flowing into the Pacific Ocean…

Residents of a small coastal city in California said they’ve been ‘trapped in a portable toilet’ after 700 consecutive days of beach closures.

Continue Reading at TheEconomicCollapseBlog.com…

Morris: Illegal Migrant Child Labor Rampant in NYC Subways as Authorities Shrug

by Emma-Jo Morris
Breitbart.com

It is now routine to see child labor in New York City subways. But the child workers are sacrosanct illegal migrants, so the once-proudly progressive authorities in the city and state now turn away and declare, “not my problem.”

The New York Times came out with a report Wednesday detailing what any New Yorker already knows — that the subways are swarming with children as young as seven years old, slinging candy bars and packs of gum to commuters, sometimes with adults and sometimes alone, engaging in straight up child labor, after their mostly-Ecuadorian families landed in the Big Apple with no resources or connections in the area.

Continue Reading at Breitbart.com…

Author Arrested by Swiss Police for Speaking Out Against Mass Migration

Swiss police “stormed a speech, turned off the electricity, handcuffed me and performed a push back,” Martin Sellner writes on X.

by Jamie White
Info Wars

An Austrian activist was arrested by police in Switzerland on Saturday for giving a presentation against mass migration.

Martin Sellner, the leader of the Identitarian Movement of Austria, was preparing to deliver a presentation from his book about deporting illegal migrants when Canton of Aargau authorities shut off the lights and proceeded to arrest him.

“Today the police in the Kanton of Aargau, Switzerland stormed a speech, turned off the electricity, handcuffed me and performed a push back. I am not allowed to enter Aargau for 2 months. The reason? I presented my book about #remigration. The police claimed that this presentation was a danger to Swiss security and public order,” Sellner wrote on X, where he included a video of the incident.

Continue Reading at InfoWars.com…