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Special Podcast: Lutz, Rubino and TF

This public podcast is very helpful and informative. You should be sure to listen.


Last Thursday, Kerry Lutz invited John Rubino and I to discuss the important trends in the markets and the economy for 2019. It went quite well so I thought it deserved its own thread.

This thing clocks in at about 42 minutes but it's definitely worth your time. I'd never met John Rubino before and I was impressed with his knowledge and ability to explain things coherently. Over the course of this conversation, the three of us discuss:

  • the state of the US economy
  • Fed policy in 2019 and beyond
  • the fragility of the "stock market"
  • expectations for Comex gold and silver
  • quite a bit more, too

So, please try to carve out some time to give this a listen. You won't be disappointed.


The original link can be found at Kerry's terrific site: https://financialsurvivalnetwork.com


Feb 9, 2019 - 7:18pm

Thanks Turd!

Was nice to see this show up. Now to listen.



Feb 9, 2019 - 7:22pm

We're so bullish on gold and silver...

While others...just the opposite.

My friend, long time gold investor is mostly out of PMs....She trusts Martin Armstrong more than anybody else...And he tells her that gold will retest $1,100 buy January 2020.

She waits ...and I'm fully invested.

She is worry about me....I'm worry about her.

Feb 9, 2019 - 8:47pm

The Jailbird

You should inform your friend that MA did 5-10 in federal prison as a result of being convicted of running a multi-billion dollar Ponzi scheme.

lakedweller2 canary
Feb 9, 2019 - 9:10pm

Fully Invested

My problem is I have to sell something for my annual donation to the IRS and I like all my holdings.

If we are wrong, maybe we can take turns walking your doggies around the homeless shelter.

canary lakedweller2
Feb 10, 2019 - 1:02am

If the finacial crisis accelerates...

If things became really bad....Will the homeless shelters still be open?

Do they have homeless shelters in Venezuela?...Are they safer than living in a forest?...I just wonder.

Feb 10, 2019 - 9:22am


If the President blocks food and medical supplies for his people, and displays indiscriminate indifference to the citizens, then no place is safe and no relief can be found.

It will probably force people to come to the US for help...like the suffering masses from other Latin American countries who live under the tyranny of authoritarian dictatorial leaderships who are indifferent to human life and prevent the smallest of efforts of their citizens to secure sustaining life for their families and themselves.

Feb 10, 2019 - 10:26am

A quick and safe way to lower your sugar and triglycerides level

Drink one tablespoon of apple cider vinegar a day . Up to two tablespoons a day.

Apple cider vinegar breaks both of them....You will feel better within weeks...and younger.


Feb 10, 2019 - 10:40am

canary good advice..apple cider vinegar

needs to have the 'mother' in it...Bragg's use to be the main

go to for that now in my area there are several others.

Another way to do the way thing is lemon juice in water.

Can start the day or have some before especially a big meal.

My ex mother in law was 7th Day Adventist which were/are known

for being vegetarians early on. She live independently well over 95

and always started her day with the cider or lemon juice.

Feb 10, 2019 - 11:09am

Micro think

So I've been thinking my shallow thoughts. Contemplating what set of incidents would be needed to suspend elections in the near future. Looking around I found this as a possibility.

Oh-Oh! DFL, LFE Earthquakes at Yellowstone SuperVolcano, Volcanic Magma Recharge

If you go back to the 80's the general thought by geologists/vulcanologists was that consistent earthquakes above 2.4 to 2.6 would be a confirmed indication of an eruption. Over the last year this has occurred (steadily increasing). Next would be a hydrothermal explosion which is now being suggested. After that a cone build finally resulting in an eruption. What is not know is if it's a small or large eruption. Odds are a small eruption (relative).

If this happens, would this not allow the current government to implement all the things on their wish list? New currency, declare martial law, clean out the corruption in all branches. It would come as a shock would it not. It would also explain a lot of the behavior of various Government Dept's. Massive ammo purchases, emergency caskets stacking across the U.S., building of various emergency centers across the states, the handing out of military gear to police for the last 10 years. There are many other odd things that pointed to what we thought of a police state setup but could also be explained as a quiet buildup for a calamity event. hmm is there a difference? Intent only I suspect. Of course if a serious event was expected your government would tell you wouldn't they.

Of course precious metals purchasing value would spike to stupid levels. Fear around the world would definitely drive availability out of reach. Price... well we all know what happens then.

Feb 10, 2019 - 11:33am


Determine why they leave their home countries.

Feb 10, 2019 - 11:56am

You can't see the homeless for the trees---and cars

San Diego, rapidly becoming a third world shit hole, has a homeless problem that was being solved by trees, lots of open space and a warm place to crap if you were so inclined

Problem with the homeless living in the dirt, the weeds and among the trees is they catch the notice of the locals who actually live in homes and want to keep their properties clean and values up. Homeless tend to degrade property values and spread disease too boot

San Diego city council just passed an ordinance that allows the homeless to live in their cars instead of squatting in the woods or fenced homeless pens. This might seem like a sound solution to living in the open but it's problematic that a family of 3-5 living in cars presents problems.

Streets do not have unlimited space and parking lots can only be used for 72 hours. There is that other problem. Sanitation. People gotta crap 1-2 times a day. The public restrooms are overrun literally and unusable by others.

Chamber pots are emptied, contents flung into the streets like a shithole ghetto in some fourth world country. I was talking to two friends about this and the business opportunity to set up a corner stand selling porcelain or recycled materials chamber pots, small medium or large size They said the business codes are so restricting it would take 6 months to get the required licensed to sell these items on the street corner. Maybe even as a homeless person takes a dump next to you

Oh well.

People living in the cars used to be called camping. The new normal says this gets the poor souls out of sight and mind but the unexpected consequences mount daily

If a person cannot register or insure their car they can park in a sanctuary like a church parking lot. Now those are filled.

People can park in the nice neighborhoods, shifting their car one vehicle length daily while emptying their pots on the laws of the hoi and polloi. The H&P class pay these unfortunates to move their cars away from the neighborhood, thus begetting the business of a new app called

www.HitshitNgit.com GPS synched to the nearest www.LimeBike.com location.

All the homeless have smart phones courtesy of Obama so they dial in the latest neighborhood offering the best lawns, trees and bushes for sleeping crapping, shooting up, hooking and fucking.

There is a second app called www.Getoffmyfuckinglawn.com that informs the user when the home owners are ready to cough of some folding money to get the homeless to move by hacking into the Alexa system to observe the frustration of the homeowner that their property is starting to look like a landfill or septic treatment plant

I'm not kidding about the apps because in SF there's an app that tells the swells where the homeless are congregating That one is called www.Jumpthehumpdump.com. Not to be confused with www.dumperhumper.com That one zeroes the best empty dumpsters with filled with warm comfortable trash. Then there's the app www.Eatmyfillswill.com locating trash cans filled with edibles courtesy of a restaurant that sells large food

But for those who like to walk through the homeless and give them some sheckels the homeless have two apps that allow payments on their Stripe and Square payments systems.

One is called www.Hardtimes.com Franchises coming to a town near you

The other is www.Gimmeyourmoneyfuckerormyhomieswillgiveyournastyassaseriousbeatdown.com

This app is for the homeless crews that travel in packs, crowd mobbing tourists who travel in the wrong neighborhoods

Joseph Warren
Feb 10, 2019 - 11:58am

Re: Homeless people

The banker gangsters have stolen more than 95% of the purchasing power of the dollar over the last hundred years. They have stolen people’s earnings & savings through money printing. What little is left is taxed. This is why the federal reserve and income tax were created around the same time. People ask “Why an income tax, when they can just print up the bank notes ?” Because the term ‘full faith & credit of the United States’ means that You are ultimately the collateral for the fiat debt note ‘loans’ made up outta thin-air-Nothing. To them, you are nothing but chattel (‘cattle’). Property like the cows in my neighbor’s field.

How much better off would those people living on the street or in cars would be if 95% of theirs and their family’s earnings & savings hadn’t been stolen from them ? I don’t know about you but the banker gangsters have stolen much from me over the years because of my investing in PMs. ‘Logically’ in the face of 95% debasement of the currency, PMs should be offering one of the few means of financial protection. But it’s not about economics or finance, is it ? It’s much more useful to study criminology and psychopath psychology.

My point ? When seeing those poor folks on the street (including quite a few veterans who lost mind & body in bankster wars) . . please have some compassion.

‘There but for the grace of God, go I’

If we don’t wake up as a country to this criminal fraud, in the future there will likely be a lot more people on the streets. Including PM investors who thought they would be protected from the criminal psychopaths.

CC Horses
Feb 10, 2019 - 11:59am

Feb 10, 2019 - 12:00pm

Oh my gosh you have to read this

I'm all for helping the Venezuelan people escape the hellish conditions under which they live...but this is outrageous!


If that link fails, try this: https://twitter.com/tfmetals/status/1094644012852670469?s=21

Feb 10, 2019 - 12:20pm

I'm not unconcerned about the homeless and

am quite aware of why they are there. Theft of substance, joblessness, opioids, mental disease and loss of livelihood are a few of the reasons As the USA spend $7 trillion in useless wars spreading regime change, democracy and the American way to the ME, that capital was wasted, pissed into the desert, it begat the wasting of the American people, their savings, jobs, physical and mental well being while tens of trillions were spent on supporting the petro dollar with debt and taxes that did nothing but gut America The homeless ranks are growing in the US as poverty is receding in the world at large. That is the making of the USG which has zero compassion for the plight of the American people Attempts to remedy the homeless problem always results in worsening their plight and further eroding the commonwealth of the nation The situation in San Diego, LA SF Seattle and other locations is made exponentially worse by ignert idgits running city councils and local governments. They have no clue what to do and are, almost to the last man or woman, lefty fucktards who live in gated communities with guards at the gates.
Feb 10, 2019 - 12:29pm


The soundtrack is a bit wonky in a couple of spots, but a good message overall (Banks Will Lose +50%Value-Housing Drop +50%-China's 100 Trillion Debt Implosion-Everything Bubble-Banks Will Be Wiped Out-Low Unemployment Doesn't Mean Anything-Bear Market Rally's Meaningless-China,Canada,Australia Are Huge Housing Bubbles-Banking System Is Now An Outright PONZI Scheme-Not Raising Interest Rates Is Acknowledgement That There Is A Real Problem-Problems Are Worse Than 1929)

Banks\Homes Will Lose 50+%Value-$200 Trillion Implosion-Everything Bubble Tipping Point
Feb 10, 2019 - 12:36pm


What do you really see and think????

Feb 10, 2019 - 12:42pm

Litecoin Weekly Chart

Since its the weekend & we can post off-topic items, I thought I would post Litecoin's weekly chart as it appears to be resuming its bull market.

My Premium subscribers have been aware of this breakout for a while.

If you would like to join us, please subscribe at

FYI, Craig gets 10% of all fees from Turdites who subscribe.

RonUK canary
Feb 10, 2019 - 2:16pm

I'm sitting tight

Hi Canary,

I'm sitting tight like you. Bottom line is that if your friend is right then we just have to wait a bit longer. If we are right then she's out of the game an she will end up chasing the price higher.


Feb 10, 2019 - 3:24pm

NW VIEW What do I see and think?

We left San Diego 10 years ago. In those 10 years the problems of crime, illegal aliens, homeless and the vast gulf between the haves and have nots are exponentially worse in one decade. The haves are still on the top perch. The ranks of the have nots is growing and as the least fortunate lose their homes the homeless problem grows. People are living in their cars and actually have paying jobs but the price of housing is so steep they cannot afford rent

The idgits on the city council think buying run down Motel 6 and Dollar Inn for $200,000 a door, 3 times what they are worth in a motel market and spending $200,000 renovating a motel room into a 2 br flat is the solution to low income housing That comes to $400,000.

Low income housing WTF?!?!? That flop costs more than a 1-2 bd apartment in a suburban neighborhood These effing idiots throw tax payer money, not their money, but tax payer money at a problem that cannot be solve by housing druggies and the mental challenged, many of who want to live on the streets. The problem does not get solved by building low income high rises in urban neighborhoods with a per unit cost of $600,000 but the propeller heads in the city council think that is good use of tax payer funds.

Putting a $900,000,000 low income bond issue on the ballot is another monument to stupidity that goes unchecked in the Peoples Democratic Republic of San Diego. The fact is that San Diego has a comfortable climate, it makes living on the street easier than Northern NV with 1 foot of snow and 25 degrees but even here we have homeless running rampant in downtown Reno.

For 20 plus years my service club and 2 others we worked with spent uncounted hours and dollars working with the homeless that were cut loose when Reagan defunded the mental hospitals and outreach groups that catered to those who simply did not have the capacity to live a normal life.

Within a few years the down town streets in front of our offices were filled with homeless, blue tarps and open spaces in the canyons and mesas with tent cities. That was nearly 40 years ago and it's become far worse

I am not sure what to do about these problems. We've driven the bus off the cliff. The well is tapped. The people who used to care are worn out and even they are trying to make ends meet or at least wave as they go by

The socialist governments, well meaning NGOs and social groups trying to solve the problems of homelessness and the attendant despair afflicting these people appears to be beyond solving What scares me is that as hard as people work to broom back the tide the tidal wave of people who will be thrown into poverty, despair and homelessness when the next crash hits sometime this year or next will make every thing we see today look like a walk in a park---a park filled with homeless people, blue tarps, needles, feces and garbage

If you watch the first 10 minutes of Soylent Green, set around 50 years in the future, there are parts od downtown LA, San Diego and the beach areas in Sou Cal that look like those opening scenes

I am pretty much used up by all this right now. The milk of human kindness well is pretty tapped. My plan is to help my friends and family, those most important to me and in immediate need. That's where I come from given what I see and think

Maybe that makes me mean spirited. So be it. My plan is to avoid become broke, poverty stricken and homeless. That way I can invest in the well being of those closest to me Period

Ooops Soylent Green is set in 2022 3 years from now Are we to the point of eating people? I see Planned Parenthood as a pipeline of babies to those who can afford the parts of the fetus that are most useful for life extension. I see the uber wealthy paying $8000 for a bag of young boy blood serum as their new fountain of youth

The third trimester abortions are making it possible for Planned Parenthood to harvest newly born babies for their charnel houses. Gov Northam was elected as Governor of Virginia with the help of $3,000,000 from PP He's fully supporting the blatant murder of new born infants MY solution for his ilk is getting capped right between the horns.

I may be a dumb fuck but I can sure as hell connect those dots

And another thing. Some are saying that the thiamine cycle that starts with low end of the food chain, the krill and phytoplankton, is causing enormous species failures to thrive and die offs because thiamine in vital to energy and muscle development in virtually all species of animals.

The bioavailaability of thiamine is connect to the phytoplankton in the ocean Those krill stocks are down 75% One of the ideas in Soylent Green was the ocean's phytoplankton had collapsed It was in a book produced by the Soylent corporation. Started by harvesting the oceans of the krill and phytoplankton. When that ran out they started processing humans. Euthansia was one means to acquire bodies. The scoops also provided a ready source of protein.

Joseph Warren
Feb 10, 2019 - 3:37pm

Zerohedge Comments Down ?

Anybody else not able to see or make posts in the comments section of Zerohedge ?

Below is report on conditions in Venezuela. (Perhaps not the dire situation depicted in US media ? ). It looks like comments regarding it & other ZH stories are down - for me anyway. How ‘bout for you ? Thanks


Feb 10, 2019 - 4:07pm

My Point

Prevent immigration. Just because we only want to bomb countries with oil doesn't mean as a world community we can't interfere in the despotic regimes of psychopathic rulers and keep immigrants at home where they want to be and should be. Go to the source of the problem and quit treating symptoms at our border. Give them a job at home so they can buy food, clothing and shelter at home.

Feb 10, 2019 - 5:15pm


you have finally came out of shyness. (Good Job). I also have a few random thoughts, not well connected.

I have spent some time in the Philippine barrios. Real slums but with a different twist. The structures were made up from local salvaged material, a sheet of tin, bamboo, no electricity or running water, and an open ditch to transport the potty. However, here and there, people were selling some goods/food/etc. to make some pesos. The men usually traveled to town, worked 12 hour shifts for a dollar a day and learned how to exist. We will have a difficult time finding that in L.A., San Diego, or Seattle/Olympia.

(Did you see the t.v. advertisement to vacation in San Diego? V.W. hippie van, on the beach, lovely young kids enjoying life upon the sand and surf. The camera must have missed something).

I have been in the RSA type barrios, thousands and thousands, poverty and nothing ever changes. The government has done some things in the past and many have arrived on their soils, coming south from worse areas. (last time I was there, I was invited to stay with a family who lived in a box in the field with many others.)

In the past, the problem citizens were shipped to Australia or Hitler had a different solution. We cannot send problems to a deserted island today, in fact, we cannot even tell them that we have a differing view or we may be jailed.

So, what is left? Downsize big time, debt free, bug out area, fellowship with like minded people, low profile, stay out of politics, learn to just smile in the company of snowflakes, and get ready for a title wave of hungry homeless. jmo

Angry Chef
Feb 10, 2019 - 5:38pm

JW...Zerohedge Comments...

.... Works for me.

Feb 10, 2019 - 5:42pm

last Friday or so, I think it was the comment

section of a post at theconservativetreehouse.com talked about feces and sidewalks and dust and restaurants in SF..

Such SF places were finding feces in their establishments because of all

that is on the sidewalks and the dried ones becoming dust ...

A consequent.

Feb 10, 2019 - 6:08pm

be free

Freeing Yourself from Politics
Angry Chef
Feb 10, 2019 - 6:43pm

Western Media Fall In Lockstep For Cheap Trump/Rubio Venezuela..

...Aid PR Stunt


You want to send aid to Venezuela ? Try taking your boot off their throat.

Feb 10, 2019 - 8:40pm

NW VIEW - Moi shy? Shirley you jest

I read your response to Libero when he basically called you racist because you stated the obvious of what was happening in RSA. The time you've spent in the field easily rivals and exceeds nearly anything I've seen done in the company of those who put themselves into the real world of poverty and despair

The homeless in the US are hard pressed and living on the streets has to be challenging But the US still appears to have a near bottomless well of government money as well as charities including churches and related organizations that help those less fortunate What concerns me is that the American homeless of all stripes are moving further into poverty as cities become increasingly populated by the downtrodden and desperate.

I read that there are several million people living in the streets and alleyways of big cities and small alike. A significant and troubling percentage of children are going without meals and living with their parents in cars and vans.

Example of what a couple I've known for decades experiences daily in San Diego, in a wealthy community called Pt Loma. They're retired and make around $60,000 a year living in a home inherited from wife's parents. Nice home worth quite a bit. They refuse to sell the home as both have health problems and moving would be a trial.

Wife will not step outside their home because the homeless wander through their neighborhoods, living in the canyons and open spaces and night. During the day they congregate in the local parks, open areas and streets where you find the run of the mill business. She will not leave their car because there is a real chance that they will be flash mobbed by a group of homeless, some of whom actually live well on the benefits of the state. These houligans will surround my friends and demand money. Neither friend could fight off a gang like this.

I have coached my friend on the best concealed carry pistol to defend themselves but now CA requires all firearms to be registered under severe legal penalty. He fears carrying because it would be just a matter of time before a group assaults them and hubby has to defend themselves. Carrying without permit is a felony. Defending yourself with an unregistered fire arm is another felony. Whatca gonna do when you're early 70's and cannot defend your wife? Not carry? Not an option IMO

Once you've been flash mobbed by a group of predators like the ones they see moving on people walking in the park or near the beach you do not want to exit your car. Thus they are more or less trapped in their home and cannot leave their vehicle in certain areas without danger of being accosted by aggressive panhandlers. So they drive to their destination with no stops along the way.

Their son is a cop and has he NO suggestions as to how to handle this sort of shit. He's up to his waist in the problems created by rampant homelessness along with the drugs everywhere in San Diego. My suggestion is roll heavy and fuck the consequences. But I don't live in San Diego or the Gulag state that Kleptifornia has become.

Sheesh. I am ranting There is a lot more I could write about and yet I know comparing San Diego to PI or RSA is not workable. Moving towards the systemic WWROL that we appear to moving in the US gives me the chills as to what happens when the reset happens. And yes, I am more or less prepare for that too. Less than more but prepped nonetheless

One last comment on Taxachuesetts West PG&E just filed bankruptcy over the $30 billion wildfire liability of 2018. The other two electric utilities are one big wildfire from bankruptcy according to this evening's ZH article. Junk bond state and pretty close to insolvent, both Sou Cal Edison and Sempra's SDG&E are teetering.

Recalling the event that had John Galt roll heavy was when the lights in NYC went out

What happens if the lights in CA go our. One pol did give voice to that concern. If the lights do go out we're gonna have a lot of refugees coming over Donner Pass.

Feb 10, 2019 - 9:09pm

The Homeless: Let's keep spending trillions on middle east and

tax breaks to wealthy and corporations, and now a new arms race with Russia (yippee-yi-ayyyy), -we need less nuclear treaties right??

And then lets point the finger at local communities and gubmints who can't afford to fund their own pensions systems and have a hard time providing education funding. Let's blame them for not having the means to solve the homeless problem. Stupid thinking.

Fact is sirs, just like health care and drug problem, the homeless/poverty is a NATIONAL PROBLEM.

Power to the rich and powerful! -though. Less gubmint... is the way to go... don't need no gubmint funding. Need more PERSONAL RESPONSIBILTY!

Feb 10, 2019 - 9:52pm

AGXIIK, you also have deep experiences:

For me, it is difficult to explain how things were 60+ years ago. Most just cannot relate. I grew up in a poverty area, including our family. My friends were in poverty families, some having 15 kids in a one bedroom shack, along the railroad. All of us worked, even in grade school, picking berries, picking up beer bottles, stacking wood, anything to make a buck. New cloths and new shoes were never there. We all picked strawberries in the summer, making enough to buy our school clothes. Going to high school, we all had jobs. I know poverty like most have never seen. When I traveled these third world nations, I mingled with the poor and needy.

I was on a hillside, in Ghana, with 10,000 starving Liberian refugees, having escaped with their lives. I was able to raise some funds internationally, and at least get them a meal or two. I also remember talking to one of these women from Liberia. She only had the dress she wore as she escaped onto a ship, being fired upon in the three way conflict. We had a meal together with several others. I looked across the table at her skinny body and asked: "what lesson can you teach me after living in hunger and poverty?" I will never forget her answer, for it is lodged within: She said: "I will never again, throw away even one grain of rice". They were even eating the bark off of trees before they escaped and many had left their children behind, not finding them as they ran to the ship under fire.

When one is raised in real poverty, they see it instantly. We all survived the post WW2 era, and were thankful for little things. We had zero help except for a monthly government handout of pinto beans, powdered milk, canned beef, butter, and a couple of other items.

Today's street poverty is quite different. There are many reasons for being on the streets. One of the differences today is we would do any job, go to school in the day and work evenings and weekends. I pumped years of gas on I-5 and washed dishes at a cafe.

There are thousands of jobs available today and no workers. Some could work, some will not, drugs and prostitution is a plague, and the numbers are growing. What I see coming is based on a lifetime of being in the trenches. I have zero hope that this will end in prosperity. I probably have said too much. Jim


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