Top Finance And Economic News Today. Your one stop site for news about USA and global economy, gold, silver, investing, geo politics, mining stocks.
We cover news about and from Jim Rogers, Jim (James) Rickards, Mike Maloney, Peter Schiff, Greg Mannarino, Greg Hunter, SGT Report, Robert Kiyosaki, Martin Armstrong, Bo Polny, Eric King, King World News, Bix Weir, Paul Craig Roberts, Dollar Vigilante and many more.
I have been investing for the past 4 decades often with great success. During that time I’ve studied thousands of companies’ financial statements, in search of value that others had missed. I know we’re in the age of the Tech Giant and value investing is out of vogue, that’s often the case in frothy markets, but in the long run the market always returns to value. This is why I’ve taken a position in Trillion Energy CSE:TCF OTC:TCFF (sponsor). Listen to my interview and hear CEO Art Halleran explain that there is about US $300 million in natural gas production assets (drill rigs, platforms, pipelines, processing plant, etc.) that is completely absent from Trillion’s balance sheet.
Art is a petroleum geologist with 38 years of experience who’s built a number of successful energy companies. He’s never been more excited than he is about Trillion. And in this cynical investor’s opinion, he’s a straight-shooter who tells it like it is. If a mid-tier natural gas producer wished to acquire the SASB asset, Art said they would pay at least $100 million, or slightly less than $1 per share (as of Friday share price was 11.44 cents and the market cap was about $14 million). But the company isn’t for sale, for the simple reason that in Art’s opinion its value is far greater. That’s because the SASB natural gas field that it’s currently developing is worth several times that number. Art has the experience and the ability to bring that field into production, as well as numerous other promising targets in the area. Best of all, there’s very little capex required, since the platforms and necessary infrastructure are already in place.
Most of Trillion’s assets are in the Black Sea, in Turkish waters. However, they’ve been dealing with the Turkish Government for over a decade and relations have been extremely cordial. They are partners with the Turkish State Oil Company (TPAO). Trillion’s expertise in drilling underwater wells is well demonstrated and they provide skills that aren’t easily obtainable. Right now, the majority of Turkey’s natural gas comes from Russia. All of the SASB production will be purchased by TPAO to reduce the country’s reliance on imports.
Trillion already has cash flow coming from existing oil wells in the area. It knows how to effectively operate in this part of the world. Perhaps most important, Trillion’s gas sells from $6-8 per million btu’s, unlike North America where the same gas is selling for $2.77 per million btu’s. Equally as important, global natural gas consumption is steadily rising, which means future returns over the years could increase greatly. For all of the reasons above, I’ve taken a position in Trillion and I’m very excited about its future.
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that the world is now heading into
Today E.B. Tucker told King World News that people need to forget about the short-term takedown in the gold and silver markets because we are in the early stages of one of the biggest, most exciting bull markets ever.
E. B. TUCKER DISCUSSES THE COMING PANIC INTO GOLD
E. B. Tucker Is A Board Of Director At Metalla Royalty, One Of The Most Highly Respected And Successful Royalty Companies In The World!
E. B. TUCKER DISCUSSES THE COMING PANIC INTO GOLD
E. B. Tucker Is A Board Of Director At Metalla Royalty, One Of The Most Highly Respected And Successful Royalty Companies In The World!
As a premium subscriber to PeakProsperity.com, you enjoy free access to our 'Ask The Expert' Q&A sessions. Our next session is this coming Wednesday, March 3 @ 5pm ET/2pmPT. It will focus on affordable and effective Home Energy solutions for conserving and/producing power, and featured Bruce Sullivan from the Zero Energy Project. Here's how to register for this live Q&A event...
During our recent annual seminar, we heard strong feedback that folks wanted more time to pick the brains of the guest experts we interview here at Peak Prosperity.
Well, you asked; and we listened.
Which is why we recently launched a new service to Peak Prosperity’s premium subscription called ‘Ask The Experts’.
Each month or so, we provide access to a domain expert for a full hour of Q&A. No presentations. They’re simply there to answer whatever questions you & the rest of the audience care about most.
Our first ‘Ask The Experts’ session focused on Real Estate Investing, and featured Russ Gray and Robert Helms, who have decades of experience teaching new and seasoned investors how to own real estate for safety and profit.
It was an extremely informative discussion during which Russ and Robert dropped some high-value knowledge bombs. But don’t just take my word for it. Here’s what participants had to say at the end of the session:
“Great job guys. Keep it up please.” (J.G.)
“This is great stuff! More, please” (K.A.)
“Love it & looking forward to the next one!!” (CFP)
“Very informative and would love more. Thanks to you all.” (M.O.)
“Very informative….can’t wait for next one!’ (A.J.)
“Lots to think about. Thank you. Looking forward to more.” (K.E.)
“Great discussion. Thank you. Looking forward to seeing more talks.” (B.Q.)
This month we focus on affordable and effective Home Energy solutions for conserving and/producing power.
Next week at 5pm ET on Wed March 3, Bruce Sullivan from the Zero Energy Project (he’s the expert who presented at our October seminar) will field any and all of your home energy questions that we can squeeze into the hour.
And don’t worry if you can’t make this when it airs live. A replay video of the event will be sent out afterwards to everyone who registers. We’ll also post it in the premium section of the PeakProsperity.com website.
So if this new series is the inspiration you’ve needed to subscribe to Peak Prosperity’s premium service — which costs less than $1/day — click here to Enroll now.
Soon after John Soforic opened his vineyard for business many years ago, the Wealthy Gardener noticed a puzzling fact. Everyone wanted money, but only a few people managed to accumulate it. The reason, he realized, is that most people focus on short term gains instead of achieving lasting wealth. As he grew old and aware of his dwindling time on this Earth, the Wealthy Gardener began to share his hard-earned wisdom with the financially troubled in his community, patiently mentoring those who asked for his practical advice on the ways of prosperity. The parable of the Wealthy Gardener is far more than an admonishment to earn more or spend less; it is about timeless principles. As his lessons reveal, financial freedom is a means to power and control over our lives. Without money, we are subject to the demands and whims of others. With money, we are sheltered from the storm, and we can extend that shelter to our loved ones. Poised to become an intimate financial classic, The Wealthy Gardener will inspire readers to find their own noble purpose and relieve their money worries once and for all. No matter your income level, skillset, or unique economic disadvantages, the lessons in this book will show you the path forward. All you need is the will to work, the desire to succeed, and the motivation to learn. He continues the lessons in his upcoming book The Wealth Essentials System. It will be out in August.
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Though that may not be truly what you really want.
What most of actually crave is financial freedom. To enjoy a lifestyle free from money worries and that funds our needs and wants.
Sam Dogen, famous online as the Financial Samurai, has spent the past decade educating audiences about effective wealth-building strategies that *anyone* can successfully pursue, regardless of current income or net worth.
Sam focuses on a mindful approach to designing the life you want and then building semi- and fully-passive income streams to fund it.
Taking control of your financial destiny is even more important given the tumultuous times in which we live — when low interest rates handicap savers, the cost of living outstrips average wage growth, and the risk of a serious market correction looms large.
Which is why Sam agrees that now, more than ever, is the time to partner with a financial advisor who understands the nature of the risks and opportunities in play, can craft an appropriate portfolio strategy for you given your needs, and apply sound risk management protection where appropriate:
Anyone interested in scheduling a free consultation and portfolio review with Mike Preston and John Llodra and their team at New Harbor Financial can do so by clicking here.
And if you’re one of the many readers brand new to Peak Prosperity over the past few months, we strongly urge you get your financial situation in order in parallel with your ongoing physical resilience preparations.
We recommend you do so in partnership with a professional financial advisor who understands the macro risks to the market that we discuss on this website. If you’ve already got one, great.
But if not, consider talking to the team at New Harbor. We’ve set up this ‘free consultation’ relationship with them to help folks exactly like you.
Dan Ferris uses a classic value-investing philosophy to help you make some of the biggest, safest returns you’ll ever find in the stock market. It’s a dangerous time to be a novice investor at this particular time. Just look at GameStop. The stock had $3 and got to nearly $500. The triggered short squeeze was legendary. Never mistake a bull market for genius. Just because you got lucky doesn’t mean you’ll keep repeating the process. No one really knows what the top is. It’s a process. Bottoms are an event. The signs are all. SPAC’s are another sign of topping. Most of these deals are garbage, Dan urges caution. There’s nothing new under the sun. It’s all about valuation and cash flow and eventually prices go too far and comes back to earth. Innovation disruptors can be profitable, but they can be very dangerous. Avoid irrational exuberance at all costs.
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
In this week’s Off The Cuff I sit down with Jeff Clark to discuss:
The fallacy hedge funds are operating under
The silver squeeze: what's happening now?
The status of the PM mining industry
Jeff shares a mining stock he particularly likes right now
Right now the market is full of investors (= speculators) who are committed to "dancing while the music is playing". When asked about the current concerning and historic levels of (over)valuation, they reveal their strategy is to be one of the first out of the door when the music stops. They ignore, of course, that mathematically EVERYONE can't be the first. Jeff Clark, GoldSilver.com's senior analyst, sees this and many other familiar echoes of the irrational exuberance that existed right up until the system broke in 2008, ushering in the Great Financial Crisis. And while history may not repeat exactly, it often does rhyme. Jeff shares with us his predictions going forward for the markets, the precious metals, and the PM mining industry: Click here to listen to a sample of this Off The Cuff Podcast Or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
When it comes to humans, and new technology, predicting the future has never been easier, so says noted futurist Rebecca Costa. As the world comes out of its Covid induced coma, most individual behavior will stay the same, but societally it’s going to be a different ball game. What will happen to with the debt? Hyperinflation? Is allowing the economy to hyper-inflate a solution? As we know from history, the government’s best friend is inflation, until it isn’t. They are out of options. As Rebecca says, there’s a long tail economic impact.
Recently, the nickel and base metals markets have been on fire. Worldwide stainless-steel demand (of which nickel is an integral component) increases at a steady 5% annually, but the big story is booming EV (electric vehicle) demand. Recently Elon Musk made clear his intent to utilize nickel as a substitute for cobalt in EV batteries, provided that there is a reliable supply of carbon-neutral, energy efficient metal. That’s where FPX Nickel (sponsor) comes in. The Baptiste deposit’s nickel metallurgy means there’s no smelting necessary, leading to lower costs and greater environmental friendliness. Nickel is trading around $8.84 per pound, just over its historic $8 average. Copper recently broke $4 per pound and base metals have rapidly appreciated. With nickel demand ready to take off, looming supply deficits and a lack of new world-class projects, there’s a compelling case for vastly higher prices. The bill for decades of sector underinvestment has now come due.
CEO Martin Turenne explains why the British Columbia Baptiste deposit is undervalued relative to peers and FPX’s PEA supports that point. Its Van target is close by and it has a bigger surface footprint and larger, higher metal grades than Baptiste. FPX is trading at just 5% of the project’s estimated $1.7 billion value The market has yet to factor Van into FPX’s valuation.
Owning over 20% of the company, management’s interests are closely aligned with those of shareholders. As a CPA, Martin has kept a very tight rein on FPX’s finances; dilution has been kept to a minimum.
With approaching future supply issues, the apparent beginning of a new commodity super-cycle and at least one or more world-class projects, FPX is uniquely situated to cash in on Elon Musk’s demand for carbon-neutral nickel.
Trillion Energy (CSE:TCF – OTC:TCFF – FSX:3P2N) is deeply undervalued and poised for a significant rerating explains CEO Art Halleran in this interview. The current cashflow of about US$2M from its oil production easily justifies the company’s US$10M market cap. But Trillion is currently getting no value for its SASB project’s US$608M of fully built-out infrastructure which is about to be producing natural gas in 2021. The company owns 49% of the SASB project in the Black Sea just off the cost of Turkey and has an offtake partner ready to purchase its gas.
Art said that if he were to sell the project’s production platforms and processing facility for scrap metal it would be worth more than Trillion’s current US$10M market cap. Not only is Trillion’s liquidation value higher than its current market cap but the company also calculates the intrinsic value of its gas reserves at US$1.25/share while shares have only been trading between 6 and 8 cents US per share recently. And to further demonstrate how undervalued Trillion is, Art pointed out that a Columbian natural gas producer NG Energy has less than half of the reserves as does Trillion yet it has a current market cap of US$125M.
In addition to the clear fundamental value of the company, Trillion has tremendous blue sky potential on both its natural gas and oil license areas. The company’s SASB gas field is located just 100km south of the largest gas discovery in 30 years in Europe and is the only nearology play in the region. Trillion also owns a 100% interest in 42,833 hectares oil exploration block covering the northern extension of the prolific Iraq/Zagros Basin as well as in the Vranino 1-11 block in Bulgaria, a prospective unconventional natural gas property.
Art has already built several successful energy companies. Once such company is Canacol Energy which he co-founded and now has a US$500M market cap as the largest natural gas producer in Columbia. He has a Ph.D in geology and over four decades of experience in the gas and oil business. Art became involved with Trillion four years ago because of the quality of the SASB asset and has never sold even one share. He explained, “I’m going to hang onto my shares until I get the shares up to the value it should be.”
1:35 Art has already built a US$500M energy company
3:04 SASB flagship gas asset severely undervalued
5:10 TCF has all infrastructure & gas buyer in place
5:51 TCF has cash-flowing oil asset on shore
6:17 US$20M needed to recommence gas production
8:54 Expecting cashflow approx. Aug 2021
9:44 TCF intrinsic value about $1.25 per share
10:41 TCF undervalued relative to peers
12:51 Expected FCF in 2022 is $1.2-$1.8M per month
15:15 Turkey as a jurisdiction
16:03 Turkey NatGas price $6-7 mcf which is higher than North America market
17:32 Plans to list on the London Stock Exchange
18:20 Share structure
TRANSCRIPT:
Bill: Art, please describe your experience in the energy sector and tell us about your last successful company?
Art: I have about 40 years of petroleum experience. I have a Ph.D in petroleum geology. I’ve gone from the juniors, majors to get a good background and then probably the last 17, 20 years mainly on my own or with startups I worked in 27 different countries. And one of the latest, good success stories I have is Canacol Energy in Columbia, which 2007, 2008, I formed with three other Colombians, and currently right now it’s valued at about half a billion dollars and it is the largest gas producer in Columbia. And then I have other successes in Egypt, which was a Rally Energy and Scimitar, that one sold for $600 million. And then there’s some other smaller success stories there. So I have a lot of good experience and been able to recognize undervalued assets.
Bill: Your current flagship asset is the SASB gas field in the black sea just off the coast of Turkey. And your current market cap, I should mention, also has been fluctuating between about $9-12 million Canadian, but just on a fundamental basis, walk us through why the company is undervalued because of your flagship asset.
Art: We are a partner in the SASB offshore project in the black sea. It has a value of about $608 million of infrastructure. So four platforms, gathering system, onshore facilities, and like I said, we own 49% of that. In about 2007, 2008, they drilled four gas pools from those platforms and that’s what we’re producing out from. And those are the only four that they have put on production. So it’s from birth to almost the last end of the field’s life. We have four more identical gas pools that have been drilled, tested and mapped, which I can say are identical to the four ones that we produced. And so we can just reach from the existing platforms and put those on production. And because we go from the existing platforms, we will drill complete in a couple of months. And then we put the gas on, and within 45 days, we get our revenue starting to come in through cash. In addition to those four pools which we have a third party engineering report done on, we have six development locations or pools, which are again identical to the four that are produced, and to the four that are discovered but not produced. And with that together, just from the reserve reports and resource reports give us the value of over US$200 million.
Bill: And again, your market cap right now is between CAD$10-12 million. So there’s a disconnect there. You said you own 49%, so you’re half of the sunk costs is over US$300 million. And that’s the platforms, that’s the pipe at the bottom of the black sea, you have a processing facility and you already have an off-take agreement too, right?
Art: That’s correct. Yeah. And it’s all the gas we produce, they will take it. To put on these other fields, there’s basically no additional facility costs or other infrastructure CapEx, which makes it very, very lucrative for us. And the one thing that I always forget to mention is that we actually have oil production onshore. We produce 155 barrels of oil per day. And that field alone is worth our market cap.
Bill: And what is your net cash flow per year on that note?
Art: For that one there, it’s probably about $2 million a year.
Bill: So with putting this gas field back into production, there is one hurdle. And that perhaps is one of the reasons why you’ve had a lower market cap. You need US$20 million in order to recommence production here, correct?
Art: That’s correct. So the real hurdle that occurred was when we got the field, the data for the gas fields was not up to par and kind of missing. And so to be able to get a security exchange, quality reserve report, we had to redo the seismic, re-look at it, remap it and so on. So that caused us a very big, a good delay. And we had everything ready. We had investors lined up and that was February 2020 and COVID came in. And so then as you know, the petroleum industry kind of ducked its head, and it took for awhile now for us to get things lined up. And so right now we have about US$10 million of equity that small equity banks are willing to put into the company. But for us, the share value is too little, we’re at CAD$0.10 and to put in US$10 million in equity would not be fair to the shareholders that are already in it.
But we are looking at a debt and part of that debt is we talked to now two drilling service companies and we’re getting a complete package. So they will do the drilling, provide the consumables and all the other services so we can see the value of that. And because they know that our four fields that we are going to put on production are a hundred percent there, we’re in discussions of making a payment plan so that we don’t have to come up with all the money up front, that some of the money will come out from future revenue. Which is kind of like a pseudo debt financing or instrument, which then means we can take less equity. And at the same time, we’ve also been approached for a debt-royalty-type instrument. So, that gives us a good choice of what we want to do and the idea is use as little equity financing as possible.
Bill: And how soon this year do you expect to be able to bring in the full 20 million dollars in order to start that countdown to production and cash flow?
Art: Well, again, we could bring in 10 million dollars tomorrow but we don’t want to. But I’d say you’re looking at probably a month to start bringing that money in. And then that means we would be spudding in August for the first well, right?
Bill: So cash flow this year?
Art: That’s correct. And that $20 million is going to give us the $200 million value because not only we will drill the four proven pools and put them on production, we will then with our revenue continue to drill the six development locations or pools. And at the same time, we have another seven exploration that we will be risking.
Bill: So what is the intrinsic value just based on the gas reserves that you know you have? Again, your share price is around 10 cents Canadian now, but what’s the intrinsic value as you calculate it?
Art: It’s about a buck and a quarter.
Bill: And could you elaborate a little bit how you got to that conclusion?
Art: So that would be with the 2P reserves. So that’s the reserve, they’re a hundred percent sure. And then we call them prospects but they’re not really prospects, they are actually development wells. And so they are bolted limbs of existing pools and they have about a 80-90% chance. So we risk it with that. That’ll be $83 million. The 2P is $74 million, and then with our share float, that gives us about a $1.25 value per share.
Bill: Art, so one of the most compelling points when we originally talked, you pointed out to comparable companies and their market cap relative to your $10 million U.S. market cap currently. Can you talk a little bit about these two companies and why you see yourself trending towards their market cap?
Art: Well, for NG Energy, the market cap is about US$125 million and then for Touchstone Exploration, it’s about US$491 million. And they’re comparable and they have roughly the same reserves as we have, and they’re also gas producers. And we’re at about, like you say, US$8-10 million, so we should be in roughly the same ballpark.
Bill: And they went up significantly over the last year, I think we should point out too, right? Their re-rating occurred over the last 12 months.
Art: That’s correct. And I think for Trillion, we just have not got our message out, right? So I also like to say that our market cap, if you remove the oil, which is about four or five million dollars, I can get more for the scrap metal on the offshore platforms and the facilities than what our market cap is worth. And the other thing about Trillion is that, what I always tell everybody, I’m a geologist but I don’t mention geology in this because I don’t have to complicate it with anything other than if you can think of cars. So we have 14 cars, they’re identical and we’ve driven four cars. We bought them, we have driven them from the beginning to the wrecking yard. We have another 10 cars identical that we have parked in the garage. And that is what we have, we have four proven, drilled pools that are not produced. Six more development pools that are identical to the four that we’ve already done. So there is no mystery, right?
Bill: And just to put things in perspective again, because this is what sold me on the company. In 2022, if you’re successful with this plan, what will your free cash flow be?
Art: So our free cash flow will be between 1.2 to 1.8 million dollars per month. The rig companies and so on are actually looking at us to say, okay, they don’t mind if we make payments after the project is finished drilling, right?
Bill: And so in two years if you’re successful and you build out, your cash flow I understand is even going to increase beyond that.
Art: Yeah, that’s correct. So I always talk about the reserves first, and then we have the prospects, the development locations. But there are other ones that we’re working on, that’s got another seven. When you look at our presentation, we have the tail going down, well, we’re not going to have that steep of a decline because there are additional prospects that are there. And then getting back to the new discovery that they have. So TPAO or the Turkish government has made one of the largest discoveries in Europe in the last 30 years. And that’s North of our block, and it’s like 14 TCF. What that tells us is that there is a lot more gas being generated in the source rocks and migrating into traps and so our block now we’re looking not only for the pools, like I say, the cars that we have already defined, we are looking at a deeper potential.
And we’re also looking at the similar type cars around our block, which are contiguous because nobody can compete with us. And we’re looking now at larger, more, I would say blue sky, but they’re a lot larger, bigger hitting gas targets that are not necessarily on our block but nobody could compete with us because we have the infrastructure. But we are now looking at them with the fact that there’s a lot more gas being generated in the black sea than what was thought before. And we are the only public company that is producing in the black sea on the Turkish side.
Bill: One of the first objections I had for you when we first spoke was the fact that the jurisdiction is Turkey. Could you share with my listeners, why you think that could actually be an asset not a risk?
Art: So our royalty is 12.5% And corporate taxes is 22%. We won’t be paying corporate taxes for awhile because of the amount of investment that we have. And for the 12.5% royalty, that’s a really good fiscal regime. And we’ve been producing there since 2007. We’ve never had an issue. We’ve always got our money and the royalty has never changed.
Bill: And relative to North America, you actually make more money for your product too.
Art: Yeah, that’s correct. So we’re getting $6 to $7 an MCF, and it’s been like that for probably six, seven years. And it’s projected to be roughly the same in the future. And the reason is they import 99% of their gas and we are a domestic producer, so we get the same price as what they pay for their gas.
Bill: And the fact that your JV partner which owns 51% of the project is a state-owned company, that’s actually a security feature for this project too, isn’t it?
Art: It is because it gives us a scale that we could never actually have, because you have this huge company. So we get services, nobody is going to make an issue with the gas contract because the people who buy the gas must buy it also from the government, and so things are pretty stable. They also look to us to operate and drill the off shore because our staff in Turkey are the only ones that have the expertise in this depth of water in the offshore in the Black Sea. And the thing that also people don’t realize is, we have four production platforms offshore with all the gas facilities and everything.
Bill: You currently trade on the CSE in Canada and on the OTC in the States, as you bring this into production and you really start to generate cash flow, are there any plans to upgrade possibly what stock exchanges you trade on?
Art: We are actually looking at the London exchange. We see ourselves as a low-risk, or de-risked gas producer because that’s a good niche now to be in that in Turkey and so on, because they need the gas. And so we’d like to grow in Turkey and also there’s other opportunities in some of the Eastern European countries, and London has more of an investment appetite for those areas.
Bill: What about your share structure. Talk to us about the current share structure of the company please?
Art: Let’s see, probably about six to ten percent is owned by insiders and the rest are out in the public there. And also for myself, I’ve been involved in the project now for almost four years, and I have not sold one share. I’ve hung on to them all the time, because I see that there’s a good upside value in this. And the reason again, when you talk about Canacol Energy or when you talk about Rally Energy and Scimitar in Egypt, and now you talk about Trillion, what attracted me to Trillion Energy was the asset, right? And the asset is always there, it’s very, very good asset. And so I’m going to hang onto my shares until I get the shares up to the value it should be.
from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/3knpFSg
“America’s farmer” Joel Salatin and his team at world-famous Polyface Farm are offering to host an educational weekend this summer for the Peak Prosperity tribe.
Would you be interested in attending?
Understandably, COVID remains a big concern.
But we’re hearing from a growing number of folks that with accelerating vaccination roll-out, improved standard of care, and warmer wetter weather, people are looking forward to emerging from lockdown by summer and re-engaging with life — and this event seems a good candidate on many levels (especially since much if it will happen outdoors).
Joel and team have contacted us, letting us know they’re willing to offer the Peak Prosperity tribe an amazing two-day (Fri-Sat) experience at Polyface Farms in Swoope, VA focused on the fundamentals of sustainable farming and food production.
They’ll tailor the curriculum to our interests. But programming we’re already discussing includes:
Raising portable livestock & the systems required (fencing, water, shelter)
Cows
Pigs
Chickens (broilers)
Chickens (layers)
Turkeys
Rabbits
Sheep
Ducks
Processing poultry and rabbits on your own
Soil Fertility
Carbon economy
Composting
Perennial root pulsing
Designing your farmstead
Reading the topography
Placement for efficiency
Access development
Building essential farmstead structures
Do-it-yourself
Deep bedding
Functionality
Profiting from your woodlot
Selecting to upgrade
Using everything
Milling on a band saw mill
Developing farmstead water systems
Ponds
Pumping
Pipes
Cisterns
Leasing nearby properties for farmstead use
Day one will be fully packed with presentations, tours, and live demos on the farm. A fresh farm lunch and dinner will be included.
Day two will continue the learning, though also have intentional space for the PP tribe to socialize and enjoy each other’s company. Fresh farm lunch included.
This is an experience we’ve been trying to line up for years with Joel. If you’re interested in learning how to improve your own food production and Living Capital resilience, it really doesn’t get any better than this. There’s no better master on the subject alive today.
So the big question is: how many of us would feel comfortable traveling to Swoope, VA and spending a weekend together on Joel’s farm this summer?
Please take thirty seconds to let us know your level of interest by answering this very brief survey:
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Brad Williams returns… Nothing goes up forever. Stimulus mania seems to have no end in sight. It’s time for a solution, PonziCoin, it promises infinite returns for very little risk or investment. Who can say no? Time to sell your home? You’re going to need a replacement home. If you like your home, keep your home. You need to have a plan. It’s not so important what you do as long as it falls within your plan. Even though many believe that fundamentals don’t matter, the reality is that they do. Never lose sight of that fact. We all need to wake up and demand more out of our government. Make your plan and have contingencies.
Michael Pento returns to the program… What happens when you combine a completely out of control congress with an overly compliant central bank and a slow growing economy that has been ravaged by an extreme response to a pandemic? You wind up exactly where we are now. As Michael explains, today’s economic foundation is built upon sand or perhaps even a sink-hole. Eventually it’s got to crumble and that’s why you need to protect yourself now. Precious metals are one way and positioning your portfolio for the inevitable is another and better yet why not combine the two.
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from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/37HWhRp
Federal Reserve Chairman Jerome Powell warned on Tuesday the United States has a “long way” to go to return to full employment, even as he expressed cautious optimism that the economy will recover from the pandemic this year.
At the same time, Powell avoided commenting on the level of federal support needed for the economy as Congress prepares to vote on President Biden’s $1.9 trillion dollar rescue package for families and businesses battered by the coronavirus downturn.
Now that the lights are back on in Texas, the state has to figure out who’s going to pay for the energy crisis that plunged millions into darkness last week. It will likely be ordinary Texans.
The price tag so far: $50.6 billion, the cost of electricity sold from early Monday, when the blackouts began, to Friday morning, according to BloombergNEF estimates. That compares with $4.2 billion for the prior week.
Bitcoin’s losses accelerated, with prices tumbling below $50,000, as investors started to bail on the market’s frothiest assets.
The cryptocurrency tanked as much 18% on Tuesday and traded around $47,870 as of 4:32 p.m. in New York. While the selloff only puts Bitcoin prices at the lowest in about two weeks, investors are starting to wonder whether it marks the start of a bigger retreat from crypto or simply represents volatility in an unpredictable market.
Facing the rising threat of wildfire and extreme drought, Flagstaff, Ariz., unveiled an ambitious effort two years ago to cut the heat-trapping emissions that drive climate change.
The millions of people who struggled to keep warm in Texas, with blackouts crippling life inside a dominant energy hub, have laid bare the desperate state of U.S. electricity grids. To fix nationwide vulnerabilities, President Joe Biden will have to completely reimagine the American way of producing and transmitting electricity.
Biden wants to overhaul the nation’s grids so they derive all electricity from carbon-free sources by 2035—a major step toward zeroing out net emissions of greenhouse gases by mid-century. Realizing that goal will require building billions of dollars worth of new transmission lines, a challenge that might prove just as difficult as getting his climate agenda through Congress.
The fields were kept fertile at the expense of the groundwater tables, which were slowly depleted through unfettered irrigation. By the early 2000s, the aquifers that used to sit at about 25m (82ft) underground had sunk to a depth of more than 300m (984ft).
“Digging borewells that deep was not an option, it would have been too expensive,” says Trupti Jain, founder of the social enterprise Naireeta Services. Drought driven by water mismanagement and climate change rendered the land infertile for most of the year, she says, “so the farmers started to migrate to find other work, either as labourers on someone else’s land, or construction workers in cities”.
In a country already reeling from the coronavirus pandemic, the extreme weather served to further heighten the misery and disruption to daily life for millions.
Experts in the insurance industry can’t yet say with certainty how much damage this event caused, but it is possible that it will be among the top tier of costliest natural disasters in the United States, and perhaps even globally, for 2021.
Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”
Swiss firm just issued this major report titled “The Death Of Logic.” The Titanic Indicator for Gold’s Rapidly Rising Future Matthew Piepenburg at Matterhorn Asset Management (based in Switzerland): I’ve often
Legend Pierre Lassonde has been aggressively buying this mining stock, his top pick for 2021. Lassonde is arguably the greatest company builder in the history of the mining sector. He is past President of Newmont Mining, former Chairman of the World Gold Council and former Chairman of Franco Nevada. Lassonde is one of the wealthiest, most respected individuals in the gold world, and as always King World News would like to thank him for sharing his wisdom with our global readers during this critical period in these markets.
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
On the heels of Monday's rebound, today legend Pierre Lassonde told King World News that we just saw a major bottom in the gold market. He also shared his top mining stock pick for 2021.
Lassonde is arguably the greatest company builder in the history of the mining sector. He is past President of Newmont Mining, former Chairman of the World Gold Council and former Chairman of Franco Nevada. Lassonde is one of the wealthiest, most respected individuals in the gold world, and as always King World News would like to thank him for sharing his wisdom with our global readers during this critical period in these markets.
Pierre Lassonde: Chairman / Founder of Franco Nevada & the Lassonde Entrepreneur Institute - Pierre was President of Newmont Mining Corporation from 2002 to 2006 and prior to that from 1982 to 2002 was a co-founder and co-CEO of the original Franco-Nevada. He is past Chair of the World Gold Council, has served on many mining boards and is recognized for his philanthropy…
Pierre Lassonde: Chairman / Founder of Franco Nevada & the Lassonde Entrepreneur Institute - Pierre was President of Newmont Mining Corporation from 2002 to 2006 and prior to that from 1982 to 2002 was a co-founder and co-CEO of the original Franco-Nevada. He is past Chair of the World Gold Council, has served on many mining boards and is recognized for his philanthropy…
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
After KWN exposed the lack of liquidity in London, gold and silver staged a big rally on Monday. But according to one of the greats in the business investors should look for further gains in the Metal of Kings (Gold).
The conventional view defines the middle class by income, education, or type of labor being performed. These are all superficial attributes and ignore what actually differentiates the working class from the middle class.
Yes, the middle class tends to earn more, has higher educational credentials and performs white-collar labor rather than blue-collar labor.
But getting a higher education credential and increased pay doesn’t automatically provide a middle class role in the economy, nor does performing white-collar work.
Texas residents and businesses have two extra months to file and pay their federal taxes, and Texans will also get some housing-related assistance after severe winter storms this month left millions without power and running water.
The Internal Revenue Service said on Monday that Texans have until June 15 to file federal returns and pay any taxes owed, tapping its authority to delay deadlines for disaster victims. Any tax forms due in the lead up to the June 15 deadline will be delayed until the new deadline.
Public education in the United States, if measured by results, has been producing graduates that are less competent in language skills and dramatically less well taught in the sciences and mathematics since 1964, when Scholastic Aptitude Test scores peaked. The decline in science and math skills has accelerated in the past decade according to rankings of American students compared to their peers overseas.
The U.S. exceeded a tragic milestoneas the nation recorded over half a million lives lost to the novel coronavirus, according to data from Johns Hopkins University.
The grim milestone comes just over a month after the nation surpassed 400,000 virus-related deaths in January, breaking 300,000 less than a month prior. President Biden is expected to hold a candle lighting ceremony on Monday evening with a moment of silence in memory of the victims.
The voting members of the Fed’s interest-rate committee agreed that expected progress on vaccinations and the change in the outlook for fiscal policy had improved the longer-run prospects for the economy so much that officials “decided that the reference in previous post-meeting statements to risks to the economic outlook over the medium term was no longer warranted,” according to the minutes.
With the worst of the Texas power crisis now behind us, the blame and fingerpointing begins, and while the jury is still out whose actions (or lack thereof) may have led to the deadly and widespread blackouts that shocked Texas this week, Cascend Strategy writes that “in case there was any doubt why the Texas grid collapsed, the data is clear”
Over and over again, President Joe Biden has pitched his $1.9 trillion stimulus plan as vital to restoring a struggling American economy and recovering from the pandemic. Many households are struggling, he tweeted earlier this month, with desperate Americans wondering how they are going to eat. “That’s why I’m urging Congress to pass the American Rescue Plan and deliver much-needed relief.” Time, he has insisted, is of the essence. “We don’t have a second to waste when it comes to delivering the American people the relief they desperately need. I’m calling on Congress to act quickly and pass the American Rescue Plan.”
A Democratic senator is calling for federal investigations into possible price gouging of natural gas in the Midwest and other regions following severe winter storms that plunged Texas and other states into a deep freeze that caused power outages in millions of homes and businesses.
Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”
John Rubino is back… Famed hedge fund investor Michael Burry puts out a serious warning for increased inflation and perhaps hyperinflation. If he’s right, kiss low interest rates goodbye. And think what that will do to real estate values. The next few years are going to be extremely difficult. Watch the 10 year Treasury. If it keeps going up it’s game over. Even in the absense of runaway inflation, this seems like the top of the market. Outsized real estate gains could soon be a thing of the past. Put/Call ratio is highly unbalanced, its highest since 2000. Small business are leveraged to the hilt now. Check out the debt ratio for the Russell 2000!
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from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/3kerlND
