Jim Skinner – Exclusive Look At Obamacare Compliant Small Groups Up 61 Percent!

from Financial Survival Network Jim Skinner is an expert in health insurance. As founder of the SmartPatientAcademy.com… [more]

Jordan Roy Byrne – One More Test And The Precious Metals Bear Is Over

from Financial Survival Network

Jordan Roy-Byrne is seeing one more test to the downside before the precious metals bear market comes to a close. How many more weak holders of the metals can there be left? He believes that there will be another round of dividend cuts by the stronger metal producers and this could be a sure indicator that the bear has run its course. He says that you need to watch the market very closely. When the bear’s end comes, it will likely happen very quickly and for those not paying attention, they will miss it and the run-up could be extremely fast as well.

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Danielle Park – Big Money Means Even Bigger Room For Errors

from Financial Survival Network

The extremely intelligent Danielle Park took some time for our bi-weekly get together. This week, Danielle talked about:

  • 78% of NFL and 60% of NBA players go bankrupt within 5 years of retirement;
  • College Presidents’ pay soars along with tuition and student debt;
  • Bloomberg reporters paid bonus if they can “move markets.”

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John LeBoutillier – Boehner’s Mysterious Behavior Towards Conservatives

from Financial Survival Network

Former Congressman John LeBoutillier touched base with FSN today about the strange goings on in Washington DC today. He can’t understand why House Leader Boehner is alienating conservatives after the hideous budget deal reached by Paul Ryan last week. The conservatives will be instrumental in retaking the Senate next year. The news on Obamacare is awful for the Democrats and it will only get worse. Seniors are upset, those with individual policies who’ve received cancellation notices are angry and the worst is yet to come. The Republicans need their own plan and yet to date, they’ve refused to come up with one. Hopefully, they will before it’s too late.

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John Rubino – The Money Melt Down

from Financial Survival Network

John Rubino and I connected to discuss the latest economic developments. His next book, co-written with Goldmoney’s James Turk will be released any day. John believes that bank lending is about to pick up big time. The reason is simple. Since at least the 1980s, US policy has been to convince us to borrow as much as possible on pretty much anything we could think of. This worked brilliantly until 2008, when homeowners, consumers and businesses hit a wall and private sector defaults began to exceed new loans. Another Great Depression was imminent.

But instead of allowing this natural cleansing process to run its course, governments around the world stepped into the breach themselves, borrowing tens of trillions of dollars to replace evaporating private sector debt. The idea, to the extent that there was one, was to buy time for traumatized consumers and businesses to relax a bit and start borrowing again. So sit back and watch the fun begin again.

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David Morgan Addresses the Liberty MasterMind Symposium in Dallas, Tx — July 29th, 2013

from Financial Survival Network

Video Description…

Why Advice From Highly Successful People Is Misleading (and Thus Potentially Harmful)

by Charles Hugh Smith
Of Two Minds

How can all those checklists of highly successful people work when a majority of competitors are following them?

Back in June I explored The Unknown Unknowns and Survivor Bias. It turns out that listening to the handful of people who make it big is intrinsically misleading: Survivorship bias: why 90% of the advice about writing is BS.

Here’s how this works: big-bucks Author Z says, here are the 10 steps you need to take to become as successful as me. The list always mentions perseverance, being nice to your readers, writing 1,000 words a day and so on.

The 99.9% of writers/authors who make less than $10,000 a year from their writing (and the 99% who make less than $1,000) take this list as a script or program that if followed, will yield great success. But the 99% follow the script and do the 10 things and discover they are still unknown and not making any money.

Continue Reading at OfTwoMinds.com…

Economist Mag Defends Fed With an Ode to the Dead

from The Daily Bell

Age shall not weary her… America’s central bank has become ever more powerful over the past century … As the holiday season of 1913 drew near … Congress was still fighting over a bill to create the Federal Reserve, and Wilson had threatened to keep it in session over Christmas until the bill was ready for his signature. A century later, the Fed is still overshadowing the festive season: as The Economist went to press, it was meeting to consider curbing its massive purchases of government bonds. What is more, the debate over its role is as febrile as ever. To succour the economy, it has in recent years bailed out chunks of Wall Street and taken on new oversight of the financial system, in addition to accumulating over $3 trillion in bonds. Many, including one of its former chairmen, Paul Volcker, worry that the Fed is “getting too big for its breeches”… – The Economist

Dominant Social Theme: Long live the Fed. You may think it’s a horrid, ruinous, wealth-draining facility, but in the 21st century it’s as vital as ever. And what’s a little controversy between friends?

Free-Market Analysis: The funniest thing about this article – and there are many portions that are at least incongruous – is the short excerpt that was selected as the article’s title, above, “Age Shall Not Weary Her.”

It comes from the “Ode of Remembrance,” by English poet Laurence Binyon, who wrote it in sorrow and shock at the carnage of World War One.

Continue Reading at TheDailyBell.com…

Record Radiation: Handling of Fukushima Cleanup Is ‘Comedy of Errors’

from RussiaToday

Video Description…

by Michael Snyder
The Economic Collapse Blog

December 23rd, 1913 is a date which will live in infamy. That was the day when the Federal Reserve Act was pushed through Congress. Many members of Congress were absent that day, and the general public was distracted with holiday preparations. Now we have reached the 100th anniversary of the Federal Reserve, and most Americans still don’t know what it actually is or how it functions. But understanding the Federal Reserve is absolutely critical, because the Fed is at the very heart of our economic problems. Since the Federal Reserve was created, there have been 18 recessions or depressions, the value of the U.S. dollar has declined by 98 percent, and the U.S. national debt has gotten more than 5000 times larger. This insidious debt-based financial system has literally made debt slaves out of all of us, and it is systematically destroying the bright future that our children and our grandchildren were supposed to have. If nothing is done, we are inevitably heading for a massive amount of economic pain as a nation. So please share this article with as many people as you can. The following are 100 reasons why the Federal Reserve should be shut down forever…

Continue Reading at TheEconomicCollapseBlog.com…