TFMR Podcast #26 - David McAlvany of McAlvany Financial Group


I met David McAlvany last month at FreedomFest in Las Vegas. I asked him to come on for a podcast and he happily obliged. I'm glad he did.

At FreedomFest, I showed up the first morning to hear presentations from John Browne and Peter Schiff, both of EuroPacific Capital. They were terrific but so was this other guy who I'd never heard of before. His name is David McAlvany and I was immediately struck by the feeling that here was someone who "gets it".

Since I'm often asked if I "know any good financial advisors", I thought that David would be a good person to introduce to Turdville. He seems to see the world as we do and he is doing his level best to warn the masses of the coming disasters. His firm is producing a three-part video series that promises to be educational and informative. The first video came out a few months ago and is linked below. I strongly encourage you to take some time to watch the video once you've finished listening to the podcast.

If you suspect that David and his company can help you in any way, more information can be found at

The Fuse is Lit | European Perils | Part 1


Aug 24, 2012 - 5:06pm


i love yer podcasts

Aug 24, 2012 - 5:13pm
Prize Fighter
Aug 24, 2012 - 5:32pm

Great grab Turd.  I just

Great grab Turd. I just subscribed to David's YouTube channel a few weeks ago. I think there was an article posted here about Top 10 most trusted alt-news sites or something to that effect. David was listed with a few others I had not heard about. Right away I enjoyed his delivery, knowledge and was impressed with his on-location reports from around the world. Looking forward to hearing this!

Aug 24, 2012 - 5:47pm

First Video the Obama Song,

First Video the Obama Song, really hilarious, whether you love him or hate him, it is hilarious either way.

Second Video --Nickelback--no joke here, Nickelback chills in Maui and they own a sibling of my older dog, bought from same breeder. Plus they are of my few liked semi-modern bands.

R man J
Aug 24, 2012 - 5:51pm

Gold from McAlvany

My first several gold coin purchases were from McAlvany. It's been about 10 years since I've been in touch, so looking forward to listening. Needless to say, those 1999-2003 purchases have earned "best in stack" status.

Aug 24, 2012 - 6:08pm

Don't care for him

David is extremely knowledgeable and very articulate, but he comes across as a know-it-all. I used to receive the McAlvany weekly podcast, but I unsubscribed because I just couldn't stand his grandiose speaking style. I also think he has too much faith in the current system.

Thanks for the podcast.

Aug 24, 2012 - 6:22pm

BofA Has NO Money

Well, I went to my BofA here in Nevada about 1130 NV time. Being payday for the few that still have jobs here in Nevada, thanks Harry Reid, I wanted to get in ahead of the crowd. After making my deposit I asked for $700 in hundreds back, since fiat still necessary. I was told I could only have 5 $100's and the rest in 20's. As I left I jokingly told the cashier that she needs to go to the bank and get some cash. She looked at me seriously and in a hushed voice said, "there isn't any"!


Aug 24, 2012 - 6:33pm

Thanks TF

Everyone appreciates the effort you're putting into this for the community.

Things like these random and dedicated podcasts with a diverse group of individuals are one of the many things that make this site unique and a destination that should be regularly visited for updates and other news topics.

Thanks to David McAlvany for doing this podcast

Short Stack
Aug 24, 2012 - 6:35pm

As old as kingdoms themselves....

This attitude of some to disregard the message because they don't like the messenger.

Take a case in history. When Pharoah sent a messenger to the Hittite King, the Hittite King killed the messenger not because he didn't like the message, but because the messenger spoke while standing. The king felt he should have knelt before him first.

If a messenger is knowledgeable of what he speaks, and speaks with the confidence of one who knows, why should that be any reason to disregard his message ?

Aug 24, 2012 - 6:39pm

The new growth model?

The black market. Simple. That's the next growth industry. Anything else I can help you with?

silver foil hat
Aug 24, 2012 - 6:42pm

song seems appropriate and topical:

Styx The Grand Illusion with lyrics

The world will wake up to the follies of fiat and will realize the spell they're under.

Aug 24, 2012 - 6:55pm

Here's a math problem I gave to someone recently

at 6% interest APR, and given a money printing machine that can print $100,000 per minute - how many money printing machines will you need to just pay the interest on the public debt, given a 6 month coupon?

What about at 10% APR, 6 month coupon?

What about at 20% APR, 6 month coupon?

If you're going to make the money printing machines run 24/7 - the people who run the machines start feeling overworked and overstressed and go on strike (weimar *cough*). If you just ran the machines for 8 hours a day - how many more machines would you need?

Aug 24, 2012 - 7:37pm


Move to Nevada State Bank. I've never had them tell me they didn't have enough cash, and I live in the boonies.

Mr. Fix
Aug 24, 2012 - 7:41pm

I love podcasts!

Thank you Turd.

Katie Rose
Aug 24, 2012 - 8:34pm

Silver_investor doesn't care for him ???

I have a good friend who has been investing in PM's for over 20 years, always through McAlvany's firm. He loves dealing with this company.

Recently he found (actually I found it for him ) rural land that was a steal and what he had wanted for years. Without a hitch, delay, or screw-up, McAlvany's firm purchased it back at a very fair rate so he could buy the land free and clear.

I don't appreciate it when someone tries to steer this community away from a good man and his business.

cliff 567
Aug 24, 2012 - 9:53pm

Turd is a class act!!!

Hey Turd, thanks for what you do in the way that you do it.

You are a class act. I especially liked how you gave David McAlvany the better audio. It says to me that you made an honorable request of him to teach you,(and me and other turds) what he knows. The humble way is always the easiest path to a mechanic's inner soul. I worked as a union 'tramp' electrician specializing in construction of heavy industry for 44 years. I know a lot of stuff about building a lot of jobs. Every trick I know was given to me by an expert that was giving back to society by teaching a new generation what he knew. You stand in good stead of the journeyman teaching the apprentice here turd, in a lesson in the ratio and proportion, the stress and strain that can be logically followed. cliff says "atta-boy turd."
Swift Boat Vet Katie Rose
Aug 24, 2012 - 10:32pm

Hey Katie Rose !!

How are ya young lady?? Please tell me, what is a 'steal' on farmland in your neck of the woods??


Aug 24, 2012 - 10:32pm

The sad thing is the gov is

The sad thing is the gov is honestly trying to prevent a total collapse but they they are both ill advised, uneducated to make informed decisions and have never encountered a global crisis. Observation: No one with business knowledge has access to politicians to make them justify debt decisions in the public eye. The system is flawed, it does not allow people in decision making roles to be scrutinized. This is why sheep are sheep, the authorities are not tested in public.

So I'm please to say I just bought a 1kg Kook to add to my collection.

Be Prepared
Aug 25, 2012 - 12:51am

The Exponential Function gets people and Nations...

.... every time. Some quick math will help us see, with clarity, the path that lies before us....


$2.5 Trillion in Tax Receipts Annually.... We will assume that the receipts grow at an average of the last two tax years growth between 2009 through 2011 or at a rate of 4.62% annually.

Government Spending

Currently, $3.8 Trillion with a $1.3 Trillion shortfall or deficit for 2012.... We will assume that the spending will grow at the same rate of our debt growth or 8.2% annually.

Public Debt

By the end of 2012, we, as a nation, will be approx. $16 Trillion in debt.... We will use Mr. McAlvany debt growth figure of 8.2% annually or that we will double our national debt in 8.8 years (the year 2021).

Annual Debt Interest Payments

The United States is enjoying the lowest debt interest rate it has ever experienced thanks to Mr. Benny Boo Boo, so the interest payment is around $350 Billion..... We will assume that by 2021 the interest rate will conservatively be just 4%.

Take a look at the quick Be Prep-a-matic charts and the picture starts to get crystal clear...

With just a 4% average interest rate on our Public Debt of $32 Trillion by 2021, the annual debt interest payment will be $1.28 Trillion or $1.28 Trillion Debt Payment / $ 3.7 Trillion Tax Revenues = 35% of actual tax receipts. With debt growing at double the rate of the growth of tax receipts, the probability of a government grab for funds in the next 4 years is a guarantee. The power of the debt wave will always win in the end and will kick us all in the teeth when we least expect it. :-)

Katie Rose
Aug 25, 2012 - 1:06am

@ Swift Boat Vet

First you have to understand one thing, this is the West Coast of the USA. Prices here are much higher than Texas, the South, and Central USA.

He bought a bank owned home that an elderly couple (preppers) had left to their druggy Grand Kids. Grand Kids hadn't paid the mortgage nor kept it up. It was really sad, given the amount of work the Grand Parents had put into it.

Location NE corner of WA State - Western foothills of the Rocky Mountains.

Price $150,000

37 acres fenced and cross fenced

nice stick built home 3 bed/ two bath

additional 3 bed double wide (needed work) with septic

fenced and cross fenced

huge shop with separate septic and bathroom

pole barn and numerous outbuildings for machine storage and chickens and


two orchards

2 wells with frost free water lines/faucets to orchards, outbuildings, and deer fenced garden area

Needed cleaning up, but wow! the outbuildings, fencing, wells and septic systems would cost that much to build.

Essentially the land, house, and additional mobile home were free.

All bought with profits from PM's!

thurd aye
Aug 25, 2012 - 5:00am

You're right  Katie,that was

You're right Katie,that was a DEAL. Love the sound of that.If away from prying eyes,main roads etc .Thanks for "I don't appreciate it when someone tries to steer this community away from a good man and his business." comment too.

Aug 25, 2012 - 7:51am

Commercial Signal Failure

Looks like we should refresh our understanding of CSF. I have linked Trader Dan's description below.

JP Morgan and its Gold Cartel allies were going all out to prevent silver from breaking through $29 and then $30, but have failed so far. The specs have the upper hand for the time being. Should silver be able to lurch through $34, we could be looking at a commercial signal failure.

Aug 25, 2012 - 8:52am

I used these guys for my Gold IRA

Back in 2009 when I decided to go "all in" with my retirement savings it came down to Euro-Pacific and McAlvany. I went with McAlvany and couldn't have been happier. Family owned and treat you like family. Even though I no longer have the account with them (I took possession) they still are part of my PM exit plan and call me every 6 months to make sure I am on track and offer their one-on-one insight. I highly recommend them and glad to see them on TFmetalsreport.

Aug 25, 2012 - 9:19am

Exponential functions

For a small x (or t), an exponential function behaves linearly.

e^t = 1 + t, as long as t is small.

And that's what gets everyone, every single time. You could call it The Ponzi, basically if you set it up right, by the time it all goes nonlinear, you're either dead or getting ready to die. Or maybe you can partially reset t, so that it behaves linearly again for a while, at least until you're either dead or dying.

They didn't start the fire. But they throw a log on and they fanned it higher...

Aug 25, 2012 - 9:44am

Mcalvany and Turd

I personally live on a diet of TF and The Mcalvany Weekly Commentary. David is so well educated and switched on to this subject, with a family history of financial management focussed on Gold and asset protection. I encourage anyone to listen to the Mcalvany Weekly Commentary regularly.

Believe it or not, I was put on to Mcalvany by a bank senior exec.

This is the link to a youtube vid Mcalvany put out with a rare buy recommendation at the end of 2011.

Breaking News w David McAlvany 12-30-11
Aug 25, 2012 - 10:32am

Exponential Function 2

Another pernicious feature of the exponential function is that it doubles shockingly fast.

When we hear that inflation is only 4% we think, that isn't too bad, only 4 cents per year I can live with that. But.

1. If someone is taking 4 cents we should ask who is it, and why are they taking our 4 cents.

2. It is compounded so it rapidly grows to more than 4 cents a year, even though the inflation rate stays the same! Watch

In year zero a tin of tuna cost 1 dollar. And inflation is 4% so the price goes like this.

Year 1: $1.04

Year2: $1.0816


year 10:$1.48

Year25: $2.7

Year50: $7.1

The doubling time is 70/inflation rate Which in this case is about 18 years. So that it the time it takes for prices to double (or the value of your dollar to get cut in half).

So now you see how even with a low rate of inflation, investments have to perform well over a lifetime to provide an affordable pension. It should be possible to bury a dollar when you are 20, dig it up when you are 70 and buy groceries. But now you have to bury 7 dollars.

This inflation is global, and explains why in poor countries people have so many children. It is the only way to provide a retirement income. IF each child can afford 14% of their income to support their parents, 7 kids will be enough.

Remove this inflationary theft and those countries would not only have fewer kids, but they would be able to afford to send them to school instead of putting them to work.

Anyone learn this in school?

Aug 25, 2012 - 10:39am


You're always supposed to pick the penny that doubles. But what they don't tell you, is that for a while, you're going to look stupid compared to the guy who took $100 every day. For the first few weeks, you're going to be in poverty while the $100 guy looks like he's rolling in it.

This is a game that absolutely demands patience. If you don't have that, best stick to taking $100 a day instead.

Swift Boat Vet Katie Rose
Aug 25, 2012 - 11:12am

Thanks Katie M'Dear

You've forgotten I live in Oregon, so am well knowledgeable about the high RE prices out here. That IS a steal. Thanks for the reply and I hope you and yours are well.


Aug 25, 2012 - 12:08pm

Time to take back our Democracy

Interesting interview with former NSA employee turned whistle blower

Aug 25, 2012 - 12:24pm

@Katie Rose

I don't appreciate it when someone tries to steer this community away from a good man and his business.

Nothing could be further from the truth, Katie. I have been coming to TFMR since the beginning, and I am supportive of TF's work.

I began reading the McAlvany Intelligence Advisor and the McAlvany Health Alert many years ago, and I learned a lot from them. Back then, Don McAlvany (David's father) was the head of the McAlvany companies.

For some reason, I just can't listen to David without getting irritated. But I don't at all reject his message, nor am I trying to steer anyone in this community away from him.

So, please quit your accusations.


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