It’s rare for the world to worry about Italy. But Sunday’s referendum has the global Establishment on the edge of its seat. The worst case scenario — from the Establishment point of view — is the vote going against the government, causing the Prime Minister to resign and be replaced by an anti-euro, anti-EU party that throws sends Italian banks into crisis and the European economy into chaos.
William Kelly has been trying to reform Chicago’s corrupt system for years. As a candidate for mayor of Chicago and as a radio talk show host. Even though the state of Illinois and the City of Chicago have been collapsing, he hasn’t given up hope that they can be saved. He’s working tirelessly and his new book adds impetus to the effort. Will Trump’s victory help save the city and state?
Chip Lake, noted political consultant sees the role of the mainstream or legacy media becoming redundant. As their hostility and ignoble agenda becomes more obvious by the day, Trump will by-pass them altogether and real social media directly to the people. Why go through a distorted media filter that is hostile to his interests and the country’s? Stay tuned because there’s a new era of political discourse on the horizon.
Wayne Allyn Root joined us today to bask in the glory of the Trump victory that he called so long ago. There was plenty of vote fraud, but not enough to deny him the victory. Now they’re starting with idiotic recounts to taint his presidency but again they will meet with failure. And don’t expect Mitt Willard Romeny to be Secretary of State. Wayne says it ain’t gonna happen.
Dr. Gerard Lameiro called 46 out of 50 states before election night. Without voter fraud he might have called them all. Rasmussen Polling even sent him congrats. He and I believed that Trump was going to win the election almost from the beginning. Now Trump has triumphed and they’re trying to recount his victory out of existence. But it’s not going work, it’s too little too late!
Jason’s guest on this podcast is a future Venture Alliance Speaker, Charles Goyette. Mr. Goyette is the author of Red and Blue and Broke All Over: Restoring America’s Free Economy and the New York Times bestseller, The Dollar Meltdown: Surviving the Impending Currency Crisis with Gold, Oil and Other Unconventional Investments. During today’s discussion, his new book, Empire of Lies, the future Trump presidency, Hillary’s love of war and the total worldwide upheaval which came as a surprise to the establishment America are dissected and examined.
How do you rescue the economy? Well John Rubino returns… As one of my favorite performers, Will Rogers said, “Every time Congress passes a law it becomes a joke and every they make a joke, it becomes a law.” John and I have hit upon a unique solution to ill-governance, the Comedian Party. With the possible upcoming Italian election of funny man Beppe Grillo and the recent election of reality tv start Donald Trump, the benefits are becoming quite clear. Comedians are the least likely to bring a country to war. They have the unique ability to make people laugh in the most miserable of situations and their best humor is based upon current events. Here there’s no shortage of material for sure, so let’s start electing people who have a sense of humor, asap!
Damion Lupo joined us for a post election review and what you need to do to take advantage of the coming opportunities. It’s the age of the entrepreneur and a lot of the victim mentality and working the system will be gone soon. The producers will once again reign supreme. And we can hardly wait.
Master of terror in several genres, Terry Goodkind talks to us about NEST, his newest and most thrilling novel. What would you do if you could see true evil… And you discovered that evil was staring back at you… No matter where you run, no matter where you hide, it sees you. It can reach out and touch you. With NEST, Terry Goodkind launches a new series of contemporary thrillers with a supernatural look into the nature of mankind; a search that takes you to the very origin of what it is to be human. From John Allen Bishop’s basement to the harrowing halls of the Darknet, this pursuit is relentless. A great book not to be missed.
Jason’s guest James Dale Davidson is the co-founder of Agora Publishing, the Founder of the National Taxpayer’s Union, co-editor of Strategic Investment for the Sovereign Society and founder of Newsmax. He is the Author of the best selling books Blood in the Streets: Investment Profits in a World Gone Mad, The Sovereign Individual: Mastering the Transition to the Information Age, The Great Reckoning: Protecting Yourself in the Coming Depression and his new release, The Breaking Point: Profit from the Coming Money Cataclysm. Mr. Davidson foretells of an impending, marketplace disaster which will happen in this lifetime. He credits the Obamacare, Chinese ghost cities and fictitious capital. He shares this information because he believes it is important for people to understand what will happen so they can create a new life in a new environment.
Scott has been looking for something different. He was tired of the rat race and wanted a business that made money while he slept. While Scott was very impressed with the China Trip and how find and source products, he’s confident that Mike and Matt will help make him a great internet marketer. He’s looking to market silicone ice trays. They have a great margin but Scott also found many other silicon products. He found some cool baking products and much, much more. He’s thrilled about visiting China and everything he learned in the process. Especially the contact with the Product Sourcing Agent that he was introduced to on the trip!
Turkey is invading Syria to force the Assad regime out. Could Turkey, a NATO member, drag the U.S. and NATO into a wider war in Syria? The answer is yes. The biggest threat is Russia that has a naval base and an air base in Syria. Russia is propping up the Assad regime and does not look like it is leaving anytime soon. Has NATO tacitly approved this action by not complaining or objecting to this new military action from Turkey?
The 10-year Treasury bond is vaulting higher, once again. On Thursday, it hit 2.45%, which is nearly an entire percentage point higher than it was in July. Bondholders are losing value because of the rising rates. $1.7 trillion was lost in the last month because of the bond meltdown according to Bloomberg. Is it going to get worse? Are rates going to continue to rise? There is no sign of a turnaround in rates, especially with the Fed signaling of a rate increase at its next meeting in mid-December.
Timothy Payne lost his legs in combat in Iraq in 2011. He says in his new book, he was not a religious man but asked God to take his legs and spare his life. If God did, Payne promised to work for him, and he is doing just that. Payne is helping fellow vets cope with injuries and mental problems caused by war. He also has become a motivational speaker and is out with a new book called “Chosen.”
Investors need to focus on the two key long term structural changes now underway which are going to ignite destructive global dislocations through early 2020. To better understand why this is going to occur we need to place them in context by first examining the major economic cycles currently underway.
Few seem to have commented on what appears to be an increasing trend towards large anomalies appearing between the Shanghai and London gold benchmark prices. Up until the beginning of November prices were pretty much in sync give or take a few dollars – a variation based on trading activity during the day, and, in some cases due to a difference between the gold tenor quality required under the two systems. The SGE specification is 99.99% gold content or better, while London works to LBMA Good Delivery specifications where the requirement is only 99.5%. But on one ounce of gold this should only make for a maximum difference in price of around $5-6 at a $1200 gold price.
But recently – as the table below comparing SGE and LBMA (London) PM price benchmarks for the past month makes very obvious the price difference – virtually always in favour of the SGE benchmark since early in the month – has been consistently $10-20 or more (often $20-30) – even rising as high as $46 on November 23rd, although a significant part of this difference on that day was due to the sharp intra-day fall in the London gold price, as will have been the case on November 9th when there was a somewhat similar $45 difference.
Cars, for example, have become hugely expensive (even on the low end) relative to what people can afford – because of the easy availability of credit. Which is the nice word used to speak about debt, intended to encourage us to get into it.
It takes at least $15,000 or so to drive home in a “cheap” new car, once all is said and done. And the “cheap” car will have to be registered, plated and insured.
It runs into money.
And most new cars cost a lot more money. Which most people haven’t got.
We’ve written several times over the past couple of months about the epic meltdown of the the Dallas Police and Firefighters Pension (DPFP) (see here, here and here for background). It all started when the Pension Board discovered that one of their real estate managers had been consistently overmarking illiquid real estate investments. That discovery resulted in an FBI investigation of the manager and a $1BN write down for the DPFP. In the wake of the writedowns, Dallas policemen and firefighters rushed for the exits and withdrew over $500mm in assets.
Fearing a “run on the bank” that could push the whole city of Dallas into bankruptcy, Mayor Mike Rawlings has just sent a scathing letter to the DPFP Pension Board demanded that withdrawals be halted immediately until the “solvency and actuarial soundness of the Pension System is restored.”
The broad averages have been ratcheting steadily higher since the day after the election, creating the sort of tedium that can mask complacency.
My latest tout for the E-Mini S&Ps makes note of this while offering some specific price levels that could come into play if institutional traders experience one of those Friday mood swings for which they have become notorious.
I mention all of this only because I found myself growing complacent, suffused with the dull expectation that tomorrow will be just another boring day. Let’s hope so, since it would be the perfect start for a relaxing weekend.
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