Precious Metals Market Report with Franklin Sanders


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The Solari Report 2017-03-09

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The Solari Report 2017-03-16

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Money

Audio Chapters

Introduction Audio

Theme Audio The theme this week is “Federal Bureaucracy Meets Controlled Demolition”.

Money & Markets Audio This week in Money & Markets, Catherine discusses the latest in market movements and geopolitical events.

Hero Audio Our hero this week is Arnie Gundersen.

Let’s Go to the Movies! Audio Catherine reviews “Citizen Architect: Samuel Mockabee and the Spirit of the Rural Studio”.

Interview Discussion Audio Catherine discusses her interview with Franklin Sanders.

Ask Catherine Audio Catherine answers questions submitted by subscribers.

Closing Audio

March 23 – Unpacking Your Financial Ecosystem

March 30 – Cardiac Arrest with Howard Root

April 06 – 1st Quarter Wrap Up – Clash of Civilizations

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“Are we witnessing the end of globalization? I don’t think so. It is the end of the ‘global elite,’ those who see the world only from financial centers or a website.” ~ Jeff Immelt, CEO, General Electric

By Catherine Austin Fitts

Franklin Sanders will join me next week for the precious metals market report. Franklin will walk us through what has happened in the gold and silver markets since the election. We will discuss the current correction and how gold and silver prices may be impacted by the Fed decision this coming week as well as by the political changes sweeping through the United States and Europe.

Franklin and I will also address the steps we can take to enforce our US Constitution. These steps include removing legal obstacles to the circulation of gold and silver as money. Enforcing our constitution is what we need most. What do not need  is the current effort to call for a constitutional convention that is working its way through the states. Indeed, we need to aggressively lobby our state legislators to stop it.

In Let’s Go to the Movies, I will review Citizen Architect: Samuel Mockabee and the Spirit of the Rural Studio. The documentary tells the story of Samuel “Sambo” Mockabee, the remarkable American architect who co-founded the Auburn University Rural Studio.

Related reading: http://samuelmockbee.net

I will have plenty to talk about in Money & Markets, so post or e-mail your questions for Ask Catherine.

Talk to you Thursday!

23 Comments

  1. as always, another good one.
    You confirmed my decision to get back into the market. Mining stocks, gold and silver, as well as pot stocks, and thank you for talking me out of getting into bitcoin.

    Michael

    • Just be prepared for major volatility. I am staying hedged and looking to pull off some or all of the hedges if and when we get a major correction. Make sure you stick with QUALITY – companies that will endure come what may.

  2. Excellent interview with Franklin Sanders. Nice to hear ‘likely’ good news. I understand there are too many unknowns but some very nice possibilities do indeed present themselves. I’m meeting with my State Congresswoman on Monday. I will listen to this again and pull a list of very specific recommendations for her. Dumbing down has been so very effective in recent decades I really think a lot of our legislators just 1) don’t understand what’s going on, 2) know there’s a lot wrong with the current state of affairs and 3) wouldn’t know how to develop pathways towards the financial well being of our communities. Your wish list will be invaluable to her. Thank you and many blessings.

    • Will keep reviewing and growing this list. Feel free to give a copy of the interview to any of your legislators – transcript should be ready sometime next week.

  3. Wonderful interview – information is great as always. We sure don’t get this information anywhere else..

    Thank you for brining Franklin back and his insight on so many topics. I will be listening again, as there is so much information to absorb, couldn’t catch it all in one sitting.

    Also, I sincerely appreciate the conversation around Marijuana. My sister is fighting terminal cancer and I thank the Lord that medical marijuana is available for her in Montana. It helps her relax as well as gives her an appetite, which is slowing the weight loss. Big Pharma can’t compete……

    I agree there needs to be a serious conversation with our Congressmen and Senators to insure our Constitution is preserved. I think they all need to here this.

    • Cheri:

      Please feel free to share this or any other Solari Report info with state and local legislators. The interview with Edwin Vieira on why a Con-Con is a dreadful idea is particularly good.

      Catherine

      • Catherine. Information is lacking on the safety, type, and quality of recreational marijuana products readily available in the open market in states where recreational marijuana use is legal. Marijuana for medical use is much more regulated and not a focus of my comments. What is troubling is that the recreational marijuana continues to increase in potency, the THC content (see attached article). Many are concerns about the effects of THC on adolescent brains, among other health and safety issues.There aren’t near enough studies, or available information publicly on what this means to the general public, regarding issues of safety, health, and quality. For example, we have breathalyzer tests for alcohol content, and strict laws governing impairment and driving. No such test exists for recreational marijuana. The RAND institute is conducting a longitudinal study of the impact of recreational marijuana availability in Colorado communities. The financial sector does report some on new marijuana growing technology aimed at increasing potency but we hear very little about the health impact of these changes on human health. This should raise Yellow and even Red flags as recreational marijuana laws are about to hit the majority of states. Health freedom advocates should be paying attention to what we know about the drug potency of the plants being sold and impact on health.
        Article by CNN: http://www.cnn.com/2016/10/21/health/colorado-marijuana-potency-above-national-average/

        • I believe that Marijuana for recreational uses is a bad idea – however, I believe we should police this ourselves, same as sugar, alcohol or other physical and emotionally addictive substances. My anecdotal impression is it is a much more effective pain killer that many pharmecuticals and more economic. Juicing seems to be an entirely different process – not producing highs, but very cleansing.

          I always hated the impact of marijuana and hashish on my mind and body. I think I was the only person who spent 3 weeks in Afghanistan and smoked nothing but a Dunhill cigarette.

  4. I am well familiar with the precious metals scene over decades, and decades ago I subscribed to Franklin’s newsletter. I greatly admire him as a man of integrity and courage. The ability of the financial criminals to manipulate gold and silver markets over a
    VERY long time never ceases to amaze me. I have no faith that the “free market” has any chance against crooks with a bottomless pocket book.
    Now for the good news. The best aspect of this interview, for me, had nothing to do (directly) with precious metals, but instead your
    lucid description of a litany of eminently doable legal and political actions that state governors, attorneys general, and legislators can implement to greatly improve the performance of local economies from many perspectives. I wish you would publish a small booklet that lists and briefly describes those actions for those of us who need a “bound, printed copy” for frequent referral and memory refreshment. For you, all of this is in your ready access memory, complete with effortless ability to expand on any of those themes with detail, precision and inspiring oral delivery. Please assist those of us who are very eager to assist in the work but need
    a manual for reference.

  5. Hi Catherine,

    Love you, Franklin, Rob, et al. BUT I have recently spent a good deal of time trying to understand crypto currencies/Bitcoin (after being cognizant but ignorant of them for several years). The dismissive comments of the last several episodes as well as essentially only negative opinions in a search of the Solari Report archives compared to my current understanding of the technology behind crypto currencies leads me to conclude that you and your guests have only a passing and superficial knowledge of that technology’s potential to improve upon or solve many of the issues that are discussed such as honesty in economics and governance. Call me a “Bull in heat” if you like although that type of skewed characterization sounds quite similar to how the majority of people would dismiss anyone who proclaimed that politicians are have control files, that there is a breakaway civilization, that the reports of UFOs are legitimate, that such craft are must be using an energy source that we do not understand, etc.

    I believe that you are one of the more level headed and intellectually honest people in the corner of the internet that I inhabit, if not in our corner of the universe. Based upon that belief, and based upon >100 hours of my recent research on this topic, I ask you to arrange a Solari Report discussion with Andreas Antonopoulos as he is the most level headed, intellectually honest person that I have found in the crypto currency/Bitcoin space who also has the ability to communicate clearly at both the technical level (i.e. how do they work) as well as the philosophical and political levels (e.g. what is the power of a decentralized, consensus controlled, cryptographically secured {I know that you would love to argue that one ;-}, ledger of value to the evolution of individual freedom)….maybe a three hour discussion would be able to survey all aspects from technology to politics 😉

    I am not suggesting that one should go “all in” on Bitcoin, nor that Bitcoin is the end-all and be-all. I am suggesting that my research leads me to understand that this technology is the “gunpowder” of currencies and governance; just as firearms are “the great equalizer” in the domain of force, the combination of technologies which converge to produce Bitcoin are potentially the great equalizer in money and governance.

    • Will check out Andreas.

      I agree that blockchain and a number of other technologies can improve security and lower transaction costs globally.

      However, there is nothing that a technologist can say that will dissuade me from the position that he who controls the cable controls or that Mr. Global ever allows out a technology that he can not backdoor, including through brain, keystroke or input monitoring.

      Bitcoin or any cryptocurrency is just more fiat currency that offers no sovereign government deposit insurance and no backing or moral obligation of a sovereign government that operates on digital systems that have little to no integrity.

      What it offers is a low cost option for global transactions which are powers-that-be friendly. This in and of itself has the potential to be very powerful, particularly if combined with quantam computing. So, yes, I see the power here – from both sides. But it is not an asset – it is a payment mechanism and a form of financial liquidity within the boundaries of the politically correct.

      Did you watch the Aaron Russo video? You are prototypying Mr. Global’s exit from responsibility for G-7 deposit insurance liabilities and movement to chipping people/combined with digital money.

      I have spent way too much time on the inside. Where the top guys want to go is slavery and this will only help them get there.

      https://solari.com/blog/the-war-on-cash-aaron-russo-explains-why-the-rockefellers-want-people-microchipped/

  6. Yes I have seen Aaron Russo’s interview years ago….when you say something should be watched, I jump 😉

    And yes, Mr. Global has built all kinds of back door technology as Wikileaks Vault 7 (the 1% released so far) has confirmed in their own documentation….so does that mean that we do not attempt to use modern technology in our fight for freedom and individual sovereignty? If it was not for the controlled and surveilled internet, I would not have you waking me up to the political corruption, etc.

    I see that the lack of specificity and accuracy in language is a tool of Mr. Global. To that end, I will point out that “fiat” means that the currency has value due to the decree, command, order, etc. of a sovereign state. Crypto currencies are used on a voluntary basis and have value because of the value given them by their users based on their utility making them quite different from a fiat currency.

    Saying that Bitcoin is not an asset sounds a bit like “gold is a barbarous relic.” It is an asset if it can hold value over time….so fiat currency is a poor asset to hold. Perhaps Bitcoin has not yet proved itself to be an asset because it has a short history, but to this point it has behaved like a very volatile yet profitable asset class.

    To suggest that a cryptocurrency is of less value than a sovereign fiat currency has my head ringing with dissonance like Quasimoto in the bell tower. Are you suggesting that I should feel more comfortable trusting my wealth to a currency which has been devalued by 99% since its creation and can be declared no longer usable at the whim of the sovereign? That I should trust the FDIC “insurance system” which can cover fractions of a penny on the dollars of assets that it “insures”? That I should trust in the morality of a government that is run by immoral people with control files? I completely agree that the guys on the inside want us to be slaves, but I do not see how trusting my wealth to the status quo (for currency) is getting me away from that slave state.

    May I suggest:

    Andreas Antonopoulos on “Why”: Currency Wars and Bitcoin Neutrality
    https://www.youtube.com/watch?v=6ZCVQHtD2l4

    Andreas Antonopoulos on security: Bitcoin, the Bubble Boy and the Sewer Rat
    https://www.youtube.com/watch?v=Rw8W92iIHZ8

    Andreas Antonopoulos: Bitcoin for Beginners:
    https://www.youtube.com/watch?v=UlKZ83REIkA

    Andreas Antonopoulos on the value created by proof of work to create security:
    https://www.youtube.com/watch?v=rsLrJp6cLf4

    Andreas Antonopoulos on Bitcoin wallet encryption (technical):
    https://www.youtube.com/watch?v=PdGRmshPXdo

    I would just like to touch on a couple of other points in your conversation with Franklin:

    As a physician, I will say that most physicians are like the rest of the population and do not think for themselves. Within the medical system, we are in a panopticon that prevents us from straying too far outside what is acceptable…like telling people that they should look into DMSO. Additionally, the electronic medical record is nothing but a surveillance device designed to get physicians to coerce patients into following government approved therapies.

    As an owner of an organic food production company, yes government regulation is designed to weaken the standards of organic food and to make it difficult for small companies to enter the marketplace (my opinion).

    As a pasture raised meat farmer, not only can government regulation be burdensome. But even when you work within the government rules you can be stymied. My example is that my homeowners insurance was cancelled because we were producing chickens that are processed on-farm (there is no USDA inspected facility that processes small scale poultry anywhere that I know of)….and nobody would insure us. So do away with raising chickens and all is fine.

    Thanks for sharing your fine mind!

    • P.S. You can recognize me in the hospital because I am the doctor that wears the “scarlet letter” surgical mask during “flu season” (which seems to be approaching 12 months of the year) because I will not comply with the voodoo vaccination…I hope it makes the sheeple feel safer 😉

    • Internet:

      Yes, agreed. So we use it, but with discernment.

      You said: I see that the lack of specificity and accuracy in language is a tool of Mr. Global. To that end, I will point out that “fiat” means that the currency has value due to the decree, command, order, etc. of a sovereign state.

      I define fiat as that which has no asset backing – whether time or gold, oil or other commodity.

      Re voluntary use:

      Any currency adopted by a group of people share a value as a result of the users commitment to use – that kind of support is very important support to the dollar, gold, swiss francs, yuan etc.

      You believe Bitcoin was created by private citizens. I don’t. I believe that Bitcoin is the creation of covert government forces and has been marketed extensively with entrainment and other covert government support.

      Cryptocurrency as an asset:

      It is not an asset – it is a currency whose value depends on a social contract whose pricing is driven by supply and demand. My understanding is that the majority of that supply and demand relates to illegal activities, from ransom to drugs. So in this – a lot in common with the US dollar :).

      Will a holding or deposit in a given cryptocurrency hold value over time? Time will tell. As someone who has seen a lot of things come and go, I believe it takes a long time before something has sufficient market depth and integrity and constituency to be anything other than a payment mechanism or speculation.

      You said: Perhaps Bitcoin has not yet proved itself to be an asset because it has a short history, but to this point it has behaved like a very volatile yet profitable asset class.

      IMO, the source of Bitcoin’s strength is the boundaries on debasement. And the people who have the capacity to debase the stock work hard for that privilege as opposed to just engaging in insider deals.

      You said: To suggest that a cryptocurrency is of less value than a sovereign fiat currency has my head ringing with dissonance like Quasimoto in the bell tower. Are you suggesting that I should feel more comfortable trusting my wealth to a currency which has been devalued by 99% since its creation and can be declared no longer usable at the whim of the sovereign? That I should trust the FDIC “insurance system” which can cover fractions of a penny on the dollars of assets that it “insures”? That I should trust in the morality of a government that is run by immoral people with control files? I completely agree that the guys on the inside want us to be slaves, but I do not see how trusting my wealth to the status quo (for currency) is getting me away from that slave state.”

      If you are a teacher with $25,000 of annual income and $25,000 in savings in the current environment, an FDIC insured bank deposit at a trustworthy bank is a far superior holding than Bitcoin. If you look at the community committed to making sure that system endures – not including the government – in the worst case, it is a far more powerful and reliable and it is an option that still has an entirely non digital cash option that offers much greater privacy than ANY digital option.

      Why I appreciate it opens the holder to debasement and that is a major negative, Bitcoin for me is an agreement to prototype Mr. Global’s exit from liability for deposit insurance to create a digitally enforced slavery system.

      I prefer to be debased than help Mr. Global chip the human population and turn our money on and off. If I want to avoid debasement there are plenty of options – including precious metals,

      OK, I am adding to the list of scores of MUST WATCH VIDEOS and piles of MUST READ BOOKS….:)

      Andreas Antonopoulos on “Why”: Currency Wars and Bitcoin Neutrality
      https://www.youtube.com/watch?v=6ZCVQHtD2l4

      Andreas Antonopoulos on security: Bitcoin, the Bubble Boy and the Sewer Rat
      https://www.youtube.com/watch?v=Rw8W92iIHZ8

      Andreas Antonopoulos: Bitcoin for Beginners:
      https://www.youtube.com/watch?v=UlKZ83REIkA

      Andreas Antonopoulos on the value created by proof of work to create security:
      https://www.youtube.com/watch?v=rsLrJp6cLf4

      Andreas Antonopoulos on Bitcoin wallet encryption (technical):
      https://www.youtube.com/watch?v=PdGRmshPXdo

      You said:

      I would just like to touch on a couple of other points in your conversation with Franklin:

      As a physician, I will say that most physicians are like the rest of the population and do not think for themselves. Within the medical system, we are in a panopticon that prevents us from straying too far outside what is acceptable…like telling people that they should look into DMSO. Additionally, the electronic medical record is nothing but a surveillance device designed to get physicians to coerce patients into following government approved therapies.

      Absolutely – among other things. I believe it is integrated with all other government collected/mandated data for many powerful “harvesting” applications.

      As an owner of an organic food production company, yes government regulation is designed to weaken the standards of organic food and to make it difficult for small companies to enter the marketplace (my opinion).

      Absolutely – most food regulations are designed to centralize control of the food supply.

      As a pasture raised meat farmer, not only can government regulation be burdensome. But even when you work within the government rules you can be stymied. My example is that my homeowners insurance was cancelled because we were producing chickens that are processed on-farm (there is no USDA inspected facility that processes small scale poultry anywhere that I know of)….and nobody would insure us. So do away with raising chickens and all is fine.

      YUP! Water, food, communications and currency are the most powerful control points

      Thanks for sharing your fine mind!

      And you too!

      Unapprove | Reply | Quick Edit | Edit | History | Spam | Trash

  7. Hey Catherine,
    I’m Sarah Wiesner, 29, I help run the Bitcoin Embassy in Tel-Aviv, wrote to you about OneCoin and am learning about markets and economics. I get a huge amount of value out of your site.

    Here’s the correction (don’t worry, I’ll be as matter of fact, none mad-bull-bitcoin and informative as possible!):

    1)Bitcoin’s are not to be stored in an exchange. that is considered very bad practice.
    Bitcoin exchanges are not insured and are the target of all the hackers on the planets.

    do not confuse bitcoin on an exchange (the exchange holds your bitcoins for you as you trade, or use it as a purse (very bad practice!)) with the Bitcoin Network which is (to many extent’s at least) a decentralized network.

    Bitcoin’s – or more technically – the Bitcoin personal Private Key (a string that looks like this:5HpHagT65TZzG1PH3CSu63k8DbpvD8s5ip4nEB3kEsreAnchuDf ) controls your Bitcoin’s and should be in the owners hands.

    A private key in the context of Bitcoin is a secret number that allows bitcoins to be spent. Every Bitcoin wallet contains one or more private keys, which are saved in the wallet file. The private keys are mathematically related to all Bitcoin addresses generated for the wallet.

    the private key IS your bitcoins, should be created off-line and stored off-line for maximum safety.

    Personally, my bitcoin’s are as “safe” as my lap-top running linux (zero integrity systems as always) at the time of the creation of the key and as ECDSA encryption (that can be cracked by a quantum computer)

    If I had more bitcoin’s I would create the key on an offline or specialized small computer, to make sure the spying agencies have much less of a chance to get hold of my Private Key.
    the key can also be calculated by hand with no connection to the internet.

    Yes, understood.

    The danger of properly stored Bitcoin theft is decentralized, and is on an individual basis.

    2)I would like to emphasize that bitcoin is a decentralized network, , no one can freeze a Bitcoin account: it would be like stopping the Torrent network or the Internet (pretty damn hard).

    Bitcoin and it’s keen have quite a few dangers and problems, and will be used to make centralized electronic cash sound all hip, but it is not a prototype for it.

    Bitcoin has a decentralized, censor resistant design which has value for black market activity:
    bitcoin is pirate-electronic-cash, and thus is used on the Dark Net for many things BECAUSE Government can’t stop it & because you don’t need to register anywhere to use it. You can just exchange it to cash if you find a”dealer”

    Other than speculation, Bitcoin is mostly used on big markets of the “Dark Net” for buying illicit drugs online (think E-Bay for drugs: People browse the site, read reviews, send Bitcoin and get the drugs in the mail, you can’t do that with a Credit Card!) It’s also popular for other small-time illegal trade (I like to answer to people that for money laundering there’s big banks, you don’t need Bitcoin. Bitcoin is liquid enough only for small time laundering.)

    Screen shot from one of these markets:
    Inline image 2

    Another big demand for Bitcoin is created by Ransomware – it was estimated that last year 1 Billion $ was paid in Bitcoin in ransom last year.
    I like to joke that Ransomware is Bitcoin’s “killer app”.

    Ransmoware is a slandered computer virus which was born due to Bitcoin, people usually get one from downloading a suspicious file from a malicious email, but can be planted in various ways,when a hacker is targeting a specific system.
    The Ransoware encrypts the files on your computer or dose other hacking damage, and demands a specified number of Bitcoin’s to free your files or system.
    So it’s to good back up everything important on a external hard-rive and beware suspicious files or links coming off the internet.

    One of the famous cases last years was this hotel’s electronic door being hit, and the hotel now “upgraded” to good old physical keys!
    http://www.wired.co.uk/article/austria-hotel-ransomware-true-doors-lock-hackers

    In Tel-Aviv I got to see in the same month of heavy attacks, a theater, a major football team, a factory and a bank get hit by Randomware, they came to the Bitcoin Embassy to buy Bitcoin to pay ransom for their computer systems (people are usually embarrassed about being hit and ask us to keep it quiet, so the magnitude of the attacks is unclear )

    Also gambling and buying into online-scams is a popular use for Bitcoin.

    I’ve been following these aspects online but also see live proof from manning the bitcoin embassy and talking to people coming to the bitcoin ATM.

    Blessing and thank you, the last few months Solari has been on fire.

    All the best,
    Sarah Wiesner , Tel-Aviv

  8. Hi Catherine:

    I agree with Sarah… Solari has been on fire the last few months (other shows were good also). I’m getting ready to join the fray with my state government. The first area is the currency. Have you heard of the Sound Money Defense League? Do you know of groups who are effective in changing the laws to make gold and silver legal tender?

    Thank you for allowing us to give the show information to our state representatives.

    Thank you.
    Julia

    PS. I am well on my way to being local (coming clean). Thanks for the tip on securing a food source. I now purchase most of my vegetables and fruit at the local Health Food Store. I have had some of the best oranges in the last week that I have had in a long time. I already purchase my meat and eggs there.

  9. Catherine, can you suggest reputable gold or silve companies to invest in? I am buying silver periodically but I want to invest my IRA in something with potential.
    Thank you.

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