Gordon 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. S&P 500, Gold, and Bitcoin Performance Discussion Gordon and Kerry discussed a chart that depicted the performance of the S&P 500, highlighting its fluctuations and the impact of COVID-19 on its trajectory. Gordon emphasized the narrowing of the S&P 500 and the possibility of it going parabolic. He also pointed out a significant point at 51,86, which was reached and then immediately pulled back, suggesting a potential risk. Kerry brought up the importance of considering gold and Bitcoin's behavior. Gordon concluded by cautioning that they were at a major junction and it might be time to reassess the risk, given that the last 5% could be catastrophic. He also mentioned the possibility of a correction back to the pre-COVID high. Gordon and Kerry discussed the current state of the equities market, expressing concern about potential risks and the possibility of a market downturn. They highlighted inflation as a potential trigger for a market correction and discussed the role of Treasury Secretary Yellen in managing market liquidity. They also discussed the impact of the Inflation Reduction Act and the potential consequences of tighter credit and looser financial conditions. Gordon compared the current situation to historical market trends and predicted corrections and attempts at a rally. GDP and GDI Discrepancies Under Bidenomics Gordon and Kerry discussed the discrepancies between Gross Domestic Product (GDP) and Gross Domestic Income (GDI). Gordon highlighted that the gap between the two has widened under Bidenomics, with GDI increasing due to inflation but not reflecting the money spent on expenditures. Gordon emphasized that the GDP formula includes borrowed money, referred to as investment income, which is contributing to the inconsistencies between the two figures. They concluded that there was a significant issue that needed to be addressed. U.S. Economy and Alternative Investments Discussed Gordon and Kerry discussed the current state of the U.S. economy. Gordon expressed concern over the potential flaws in the system, particularly the growing national debt and the continuous reliance on credit. He also noted the correlation between the yield on a 30-year bond and the growth in the GDP. Gordon further pointed out the increasing interest in gold and Bitcoin as an alternative to the U.S. dollar, suggesting that the central banks are buying gold and some major players are starting to invest in it. Kerry's opinion on this matter was not captured in the discussion. Statistics and Newsletter Discussion Kerry and Gordon discussed some statistical data about a certain issue, with Gordon presenting charts to illustrate his points. Kerry agreed with Gordon's conclusions and suggested that the charts could be found on Gordon's website, matzi.com, where a free weekly newsletter is also offered. Kerry also invited questions and comments via email and encouraged listeners to sign up for the newsletter. The possibility of Gordon returning for another discussion was also mentioned. Visit Gordon here: https://matasii.com Find Kerry here: https://www.Financialsurvivalnetwork.com and here: https://inflation.cafe
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. Company website: https://www.prosperaenergy.com/ YouTube Video of the interview https://youtu.be/z1JLUAOFtjs
Join us in this enlightening conversation with Kerry Lutz and John Rubino as they 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. Read John's extensive work @ https://Rubino.Substack.com Find Kerry here: https://www.Financialsurvivalnetwork.com And here: https://www.inflation.cafe
Mindy 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. Find Mindy here: https://wealthmichigan.com/our-family/ Find Kerry here: https://www.Financialsurvivalnetwork.com
Kerry Lutz 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. Find David here: https://myspg.com Find Kerry here: https://www.financialsurvivalnetwork.com
Kerry Lutz 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. Find Chris here: http://watchdogonwallstreet.com Find Kerry here: https://www.Financialsurvivalnetwork.com
Kerry Lutz 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. Find Mark here: https://MarkSkousen.com Find Kerry here: https://www.Financialsurvivalnetwork.com
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. Find Dennis here: https://www.linkedin.com/in/dennistubbergen/ Get his book here: https://revenuesourcingbook.com Find Kerry here: https://www.Financialsurvivalnetwork.com
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. Company Website: https://FuryGoldMines.com
Kerry Lutz and Professor Michael Busler discussed the current economic conditions and inflation. Lutz expressed concerns about the inflationary cycle and its impact on economic growth, while Busler provided a comprehensive analysis of the technical aspects of economic growth and low unemployment rates under President Biden's administration. They also discussed the disconnect between positive economic indicators and the public's perception, shedding light on the complexities of the current economic landscape. The conversation also delved into the potential strategies of a Republican administration to tackle inflation and deficits, as well as the current state of China's economy and its potential effects on energy demand and investors. Additionally, they touched on the role of executive orders in reversing policies and the potential consequences of government handouts. Find Michael here: https://www.linkedin.com/in/michael-busler-54492315/ Find Kerry here: https://www.Financialsurvivalnetwork.com