Jeff interviews returning guest, Gus Demos of Perpetual Assets. Topics include: getting cryptocurrencies into IRAs, using IRA funds to buy crypto, also available in Canada, Perpetual Assets change of focus as clients increasingly are interested in crypto, private key ownership, complicated but entirly possible to move funds between IRA and crypto, flat fee structure, self directed IRA’s and diversification, mainstream bitcoin mocking, wise to only put a portion into crypto, suggested as 10%, get to know crypto before investing, crypto markets are highly volatile and not for everyone, educate yourself don’t just dive in, gold and silver still one of the soundest investments going, , Perpetual Asset’s long and joyous involvement with the TDV Summit and Anarchapulco.

Will and Bix dive into crypto currency applications, Silver and Gold as money, Trump, The Saudi surprise, and more.  We are witnessing an incredible world.  Everything as we know it is changing.  Blockchain technology is certainly playing its role, especially with money.  Bix shares more than one bombshell prediction, and yes they are heavily conspiratorial.

Click Here for Bix’s Work at www.RoadToRoota.com

From ZeroHedge

Authored by Mike Shedlock via www.themaven.net/mishtalk,

Most defined benefit pension plans are nothing but Ponzi schemes. Plans are now unraveling because of demographics. An increasing number of retirees, needing untenable returns, are supported by fewer and fewer people putting money in the system. Democrats sponsored a bailout scheme. Will it pass?

Sen. Sherrod Brown, D-Ohio, plans to introduce legislation that would allow struggling multiemployer pension funds to borrow from the U.S. Treasury to remain solvent.

 

The bill, co-sponsored by Rep. Tim Ryan, D-Ohio, could be introduced later this week or shortly after. It would create a new office within the Treasury Department called the Pension Rehabilitation Administration. The funds would come from the sale of Treasury-issued bonds to financial institutions. The pension funds could borrow for 30 years at low interest rates. One restriction for borrowers is they could not make risky investments.

 

The bill would also fund a program at the Pension Benefit Guaranty Corp. to finance any remaining needs of pension plans borrowing from the new program. “Any money needed for the PBGC would be a tiny fraction of what it would otherwise be on the hook for if Congress fails to act,” said an analysis by Mr. Brown’s office.

Mr. Brown told a group of retired Teamsters in Ohio on Monday that the bill will be out shortly.

It Begins: Pension Bailout Bill

A reader asked me to comment on the story after reading ZeroHedge’s take: It Begins: Pension Bailout Bill To Be Introduced This Week.

“It’s bad enough that Wall Street squandered workers’ money — and it’s worse that the government that’s supposed to look out for these folks is trying to break the promise made to these workers. Not on our watch. We won’t allow that to happen,” said Brown.

 

No, instead what will happen “under his watch” is that funds collected from taxpaying Americans will be spent to satisfy the ridiculous retirement promises and obligations made over the past few decades, and while the immediate recipients of the funds, i.e. those looking at near-term retirement will be made whole, everyone else, i.e., taxpayers will lose.

 

And now that the machinery for pension bailouts is finally in motion, we look forward to the next, and possibly final, tear in the American social fabric, that between workers who can’t wait to retire to the generous pension promises (see “Why Illinois Is In Trouble – 63,000 Public Employees With $100,000+ Salaries Cost Taxpayers $10 Billion ” and “Mapping The $100,000+ California Public Employee Pensions At CalPERS Costing Taxpayers $3.0B”), and all those other unlucky taxpayers, who will have to fund these promises.

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He’s back – Will interviews Dr Jim Willie, editor of the Hat Trick Letter, found on the website GoldenJackass.com

Part One:

Part Two:

Join us for an epic 2 hour adventure with the Jackass himself, Jim Willie. Topics include global trade dynamics and new systems being implemented as we speak. Jim forecasts exactly what he thinks will be the final blow to the US dollar, involving China and gold and it’s not as simple as you may think. There is another angle here of the US military allowing non USD settlement in hopes that China’s Yuan falls flat.

Jim’s analysis on international geo politics and currency trade is truly like none other. DO NOT miss part two as we dive fairly deep into crypto currency potential applications. We include our usual friendly tirades and rants. We hope you enjoy! Jim’s expertise, study, and connections make him invaluable to our community. Sign up for his Hat Trick Letter if you haven’t already.

Please excuse a few minor audio glitches, we work through them as best we can