SPECIAL GUEST: Financial Survival Network Radio

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Call on Next Credit Crisis Coming True

with Kerry Lutz & Gordon T Long

AUDIO ONLY: 24 Minutes

From the Financial Survival Network:

In our last discussion, Gordon T. Long predicted that another credit crisis was forming. That was nearly two months and sure enough we’re witnessing the start of a sub-prime auto debt bubble. Great call on Gordon’s part. Lately he’s been writing about the stock-buyback bubble. This work is starting to gain traction as well. David Stockman had a recent article about IBM’s rampant buyback’s. Gordon’s work is always ahead of the curve, which is why he’s a regular on FSN.

 

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SPECIAL GUEST HOST: JOHN RUBINO, Author & Publisher of DollarCollapse.com

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The TAR PIT that is FINANCIAL REPRESSION

with John Rubino & Gordon T Long

30 Minutes, 15 Slides

Macroprudential Policies of Financial Repression have been steadily accelerating since the implosion of the Dotcom Bubble.

Many of the consequences of Monetary Malpractice which Gordon T Long and John Rubino outlined and cautioned about in 2012 are now evident on a daily basis which are chronicled in this 30 minute video.

Alarmingly it is taking more and more draconian and manipulative central planning actions to keep the financial ship afloat.

Unfortunately, both John and Gordon see things getting much worse for very specific reasons which the Federal Reserve has begun subtle signaling.

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Regular Co-Host: CHARLES HUGH SMITH , Author & Publisher of OfTwoMinds.com

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THE SUB-PRIME ECONOMY

Students, Car Buyers & Retail Stores

with Charles Hugh Smith & Gordon T Long

28 Minutes, 23 Slides

GROWING SUB-PRIME POPULATION

In this 28 minute video Gordon T Long and Charles Hugh Smith discuss through the aid of 23 slides the growing sub-prime population in America. It is getting little attention as more and more citizens are effectively being squeezed into the category that was once termed 'sub-prime' but which is now simply the US Economy.

The biggest increases in credit are coming the areas least able to afford increased debt levels, who see themselves as having no other survival choice in modern day America..

1. STUDENTS & THEIR PARENTS

2. INCREASING NUMBER OF CAR BUYERS

3. RETAIL STORE CHAINS

 

BREADWINNER ECONOMY FAILING

The little discussed truth is that fewer and fewer jobs today actually pay a "breadwinner's" salary. 48% of all new jobs being created in America now pay less than $24K/Annum GROSS. Even with both spouses working the numbers don't add up when rents are 1500/Mo, Day Care $1000/Mo and car payments for two cars to commute to fewer jobs are minimally over $500/Mo. Then there are 3 levels of taxes, fees, licenses etc and exploding food, gas, utility, health and education costs. It is any wonder America is now accelerating deeper into a sub-prime economy?

SHADOW BANKING

The problem during the 2008 crisis was sub-prime mortgages which sent shock waves through the Shadow Banking System. A system based on borrowing short and lending long. Today the Shadow Banking system is feeding off Student Loans, Car Loans and REITS. All are being securitized, repackaged and bundled through the Shadow Banking System. Like mortgages prior to the financial crisis, it was delinquencies which started to rise which imploded the system. This is a show which is soon coming once again returning to a theater near you!!

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