The Kevin Trudeau Show: 8-4-12

Today, Kevin reveals the details behind the government’s plan to drive up oil prices and crash currencies. Plus, the Freeze Dry Guy stops by to help prepare you for any disaster!

Self Help:
Loss Weight Safe & Fast
Survival Food
Filter For Emergencies
Daily Life Essentials
Free Money

Health:
The Painful Truth About Acetaminophen
Yoga Boosts Your Mood
Apples Really Do Keep The Doctor Away
Berries Can Reduce High Blood Pressure
Tart Cherries Help Speed Muscle Recovery
Falling In Love Mimics Cocaine High
Go Nuts To Prevent Baldness

Government:
Sarah Ferguson Not Invited To Royal Wedding

Protests
Defiant Crowds Demand Democracy in Bahrain
Labor Battles Rage On in Wisconsin, Iowa, Ohio, Indiana

Everything Kevin:
Become An Insider!
Support Kevin!
Kevin is on YouTube!
Sign Up For Kevin’s FREE Podcast
Follow Kevin on Twitter
Become Kevin’s Friend on Facebook
Kevin’s Film Club
Kevin’s Book Club

Take Trudeau on the Go! Click here to download this show to your iPod, mp3 player, or PC through iTunes!

 

Click below to watch the Kevin Trudeau Show!

10 Signs The Double-Dip Recession Has Begun

August 4th, 2011

MSNBC.com

By: Douglas A. McIntyre

Friday’s news on GDP shows the double dip has arrived — an expansion of only 1.3 percent and consumer spending up 0.1 percent in the second quarter. Astonishingly low by any account. The debt ceiling trouble and lack of a longer term resolution to the deficit will make it worse.

The U.S. has entered a second recession. It may not be as bad as the first. Economists say that the Great Recession began in December 2007 and lasted until July 2009. That may be the way that the economy was seen through the eyes of experts, but many Americans do not believe that the 2008-2009 downturn ever ended. A Gallup poll released in April found that 29 percent of those queried thought the economy was in a “depression” and 26 percent said that the original recession had persisted into 2011.

It is any wonder that many Americans believe that the economic downturn is still in progress? Home prices have fallen to 2002 levels. Values have dropped nearly 50 percent in parts of Florida, California, Nevada and Arizona. Property values are also down that much in parts of troubled big cities like Detroit. Estimates are that as many as 11 million homes have underwater mortgages. Banks have inventories of as many as 2 million foreclosed homes which have not even been released to the market. Home prices could fall another 10 percent if current trends persist.

Perhaps the most powerful argument that the recession never ended or that a new one has begun is the persistence of unemployment. Fourteen million people are out of work. A third of those have been jobless for more than a year. May employment data showed the jobless rate rose unexpectedly and that the economy added only 58,000 jobs. Experts believe that the unemployment rate will not improve significantly until the monthly gain in jobs is consistently 300,000 jobs or more. And, at that rate the gains would have to go one for more than two years to bring the economy back to what is traditionally considered a reasonable unemployment figure.

There are several signs that a recession is firmly in place again and that the downturn could last for several quarters. Most are already easy for the average American to see.

1. Inflation
There is almost nothing that damages consumer confidence as badly as a rapid rise in prices. Starbucks recently increased the price of a bag of coffee by 17 percent because wholesale prices have risen by almost twice that rate in the last year. Cotton prices nearly doubled in 2010 but have fallen this year. But, apparel is made months in advance of when they reach store shelves. Summer clothing prices are up as much as 20 percent. That may change in the fall, but for the time being, the consumer’s ability to buy even the most basic clothing has been undermined. Consumers today pay more for sugar, meat, and corn-based products as well.

2. Investments have begun to yield less
Part of the recovery was driven by the stock market surge which began when the DJIA bottomed below 7,000 in March 2009. The index has risen above 12,000 and the prices of many stocks have doubled from their lows. As result, American household nest eggs that were decimated by the collapse of the market have rebounded and enabled people to splurge on themselves. However, the market has stumbled in the last quarter. The DJIA is up only 1 percent during the last three months and the S&P 500 is down slightly.

3. The auto industry
The auto industry has staged an impressive comeback, although its profitability is based as much on the layoffs it has made over the last five years as generating new sales. GM and Chrysler have emerged from bankruptcy. Year-over-year monthly sales improved late last year and through April. May sales stalled. GM’s revenue dropped by 1 percent compared to May of 2010. Ford’s sales were down about as much. There are many reasons for this trend including high gas prices and the constrained manufacturing capacity of the Japanese automakers because of the earthquake. Consumers also may be deferring big purchases because they are worried about their economic prospects. Slow car sales are not just a sign of lagging consumer confidence. They also may be a harbinger of tougher times ahead. These companies shed several hundreds thousand jobs before and during the last recession. Car firms have only just begun to hire again, but that trend will die with a plateau in sales.

4. Oil prices
Oil prices are supposed to drop as the economy slows as they did in 2008 and early 2009 when crude fell from over $140 to under $50. That drop at least allowed consumers and businesses like airlines to more easily afford fuel. Recently, crude has moved back above $100 and appears to be stuck there regardless of the economic situation. American budgets have been hurt by the rising cost of gas. Americans of more modest means have been particularly affected. A slowdown in driving usually also leads to a decline in the retail sector as consumers reduce unnecessary travel to stores. The impact on other businesses is just as great. Airlines suffer and so do firms which rely on petrochemicals. OPEC, for now, has signaled it will not increase production.

5. The federal budget
The federal budget deficit has decimated any chance for another economic stimulus package which many prominent economists like Nobel Prize-winner Paul Krugman say is essential to create a full recovery. His theory has become more of an issue as GDP growth slows to a rate of 2 percent. The first $787 billion Obama stimulus package may have saved some American jobs, but it is long over and did not work if a drop in unemployment and a sharp improvement in GDP were its primary goals. The deficit has caused a call for severe austerity measures which have already become part of the economics policies of countries from Greece to the U.K. to Japan. Job cuts in the U.S. will not be restricted to the federal level. A recent UBS Investment Research analysis predicted that state and local governments will cut 450,000 jobs this year and next. That process is already well underway. States like California and New York currently run massive deficits and the rates they must pay on bonds has risen accordingly. Newspaper headlines almost daily report on battles between state unions and governors over employment and benefits.

6. China economy slows
A slowdown in the Chinese economy is usually seen as a cause of global commodity price inflation, but the effects cut two ways. China’s appetite for energy and raw materials may fall. But, the demand for goods and services by its very large and growing middle class drops as well. Chinese purchaser manufacturing and export numbers have fallen as the central government has tightened the ability to borrow money. US exports to China are key to the health of many American businesses. John Frisbie, the president of The US-China Business Council, recently said, “Over the last decade we have seen exports to China rise from $16.2 billion to $91.9 billion — a 468 percent increase.” As that rate slows, it has a profound effect on tens of thousands of American companies and their employees. U.S. firms with large operations in China are also effected. GM is one of the two largest car firms in China along with VW. Large U.S. corporations like Wal-mart and Yum! Brands rely significantly on China to boost global sales. Without vibrant consumer spending in China, American companies will suffer.

7. Unemployment
Unemployment creates two immediate problems. People without jobs drastically curtail their spending, which will ultimately affect GDP growth. The second is the need for tens of billions of dollars every year in government aid to keep the unemployed from becoming destitute. That support has increased deficits and the domino effect is that cash-strapped governments need to make more spending cuts. It may be the biggest challenge the economy faces.

Unemployment has worsened because people over 65 to continue to work because the values of their homes — which they once counted on as the financial basis of their retirements — have dropped so sharply. Older Americans also fear that cuts in Medicare and perhaps Social Security are inevitable which increases the cost of their golden years. The jobs that older Americans have taken are often ones that younger Americans might have. People in their 20s must accept low wages to enter the workforce. This has delayed their prime consuming years well into their 30s which will damage GDP recovery now and for another decade.

The worst of the unemployment problem is the roughly 5 million Americans who have been unemployed for over a year. Their unemployment benefits have run out in many cases. The burden of their care falls to their families, friends, community organizations and non-profits. A family which has to support an unemployed person may be a family which cannot spend beyond its basic needs. To the extent that the federal or state governments can support the unemployed, the cost to run support programs increases.

8. Debt ceiling
The United States debt ceiling, currently at $14.294 trillion, will probably be raised before the government has to cut back essential services on Aug. 2. It might seem that the economic and employment effects of the debt cap are the same as the deficit, but they are actually more insidious and longer term. The first by-product of debt reduction, or at least a slowdown in its growth, is a combination of higher taxes and a lower level of government services. Higher taxes usually slow economic improvements, particularly when they are not coupled with stimulus measures.

A number of economists have pointed out the expense reduction alone will not sharply improve the United States balance sheet. The increase in Medicare and Social Securities costs, brought on by an aging population, are also likely to trigger a need for higher taxes. Tax increases could keep the economic growth of the US on hold for years. The taxation of companies decreases and often eliminates profits, particularly during an already troubled economic period. Profits which disappear usually cause cuts in purchasing and jobs. Taxes on wages and inheritance undermines consumer spending. And, a growth in national debt from already all-time highs will increase the borrowing costs of the U.S. That, in turn, drives up interest rates for everything from mortgages to credit cards.

9. Access To credit
The lack of access to credit has hurt the economic activity or both individuals and small businesses. Many very large companies can borrow money at rates as low as 2 percent because of their strong cash flows and balance sheets. Banks have been much less willing to loan money to companies with under 100 workers because these firms often rely on a few customers for revenue and usually have very little money on hand.

Early in June, the House Small Business Committee held hearings and among its findings were that concerns about risk and a slow economy has made financial institutions reluctant to lend to small businesses, the main driver of economic growth. Committee Chairman Sam Graves (R-Mo.) said Congress will need to “bridge the gap” between the two sides. There is no plan to accomplish that. Individual borrowers find themselves in a similar position. The cost of credit cards debt is still above 20 percent in many cases although the Federal Reserve loans money to large financial firms for interest rates close to zero.

Potential home buyers, who might help break the gridlock of slow house sales, often find that banks want down payments as high as 20 percent. The median down payment in nine major U.S. cities rose to 22 percent last year on properties purchased through conventional mortgages, according to an analysis done for The Wall Street Journal by real-estate portal Zillow.com. That percentage doubled in three years and represents the highest median down payment since the data were first tracked in 1997. Homes which are not sold often put such great burdens on owners that they are barely consumers of the goods and services that drive GDP. Home builders have continued to struggle. Construction jobs, which were a huge amount of the employment base in states like Florida, have not returned.

10. Housing
Housing is considered by many economists to be the single largest drag on the American economy, and the housing market has gotten much worse in the last two months. A report from The New York Federal Reserve published early this year said: “When home prices began to fall in 2007, owners’ equity in household real estate began to fall rapidly from almost $13.5 trillion in 1Q 2006 to a little under $5.3 trillion in 1Q 2009, a decline in total home equity of over 60 percent.”
Real estate research firm Zillow reported on more recent developments. “Negative equity in the first quarter reached new highs with 28.4 percent of all single-family homes with mortgages underwater, from 27 percent in Q4.” Many homeowners who want to sell their homes cannot do so because they cannot afford to pay their banks at closing. Whether for good or ill, the American home was the primary source for money used for retirements, college educations and the purchases of many expensive items such as cars.

Economists point out the this leverage helped contribute to the credit crisis as people could not cover the costs of home equity loans as real estate values collapsed. This may be true, but the drop in value happened so quickly that the balance sheets of millions of Americans were destroyed. Their ability to consume was severely damaged, further harming GDP. High mortgage payments bankrupted or nearly bankrupted people who have lost jobs or have found that their incomes had stagnated. The building industry became a shambles overnight. And, whatever the effects have been over the last three years, they are getting progressively worse as home values drop to decade lows. There is no relief in sight because potential buyers worry that price erosion has not ended.

Click here for the full report from MSNBC.com

The Kevin Trudeau Show: 5-25-11

Today, pet expert, Dr. Geoffrey Broderick, stops by the show to explain how you can turn your pet’s health around and even double its lifespan! Plus, Kevin gives you his predictions about the economy!

Self Help:
Improve Your Pet’s Health

Wealth:
Oil Prices On The Rise
Home Prices Take Big Hit In 2010

Government:
Ex-Minister Says Gadhafi Ordered Lockerbie Bombing
Four Americans Captured by Pirates Killed

Everything Kevin:
Become An Insider!
Kevin is on YouTube!
Sign Up For Kevin’s FREE Podcast
Follow Kevin on Twitter
Become Kevin’s Friend on Facebook
Kevin’s Film Club
Kevin’s Book Club

Take Trudeau on the Go! Click here to download this show to your iPod, mp3 player, or PC through iTunes!

Click Below to Watch the Kevin Trudeau Show LIVE!

The Scam Behind The Rise In Oil, Food Prices

April 19th, 2011

Al-Jazeera

By: Danny Schecter

The global economy and its recovery, and the living standards of millions of plain folks, are now at risk from the sudden rise in oil and commodity prices.

Gas at the pump is up, and going higher. Food prices are following.

The consequences are catastrophic for the global poor as their costs go up while their income doesn’t. It’s menacing American workers too, who in large part have not seen a meaningful raise since the days of Reagan (keeping it this way is clearly behind the current flurry of attacks on unions).

Already, unrest in the Middle East and many African countries is being blamed for these dramatic increases. It seems as if this threat to global stability is being largely ignored in our media, one that treats the oil business as just another mystical world of free market trading.

Why is it happening? Why all the volatility? Is oil getting scarcer, leading to price increases? Is the cost of food, similarly, a reflection of naturally increasing commodity prices?

Oil speculating

While it’s true that natural disasters and droughts play some role in this unchecked price inflation, it also seems apparent that something else is attracting increasing attention, even if most of our media fails to explore what is a political time bomb, while most political leaders shrug their shoulder and ignore it.

President Obama recently said there is nothing he can do about the hike in oil and food prices.

Critics say the problem is that government and media outlets alike refuse to recognise what’s really going on: unchecked speculation!

Not everyone buys into this suspicion. In fact, it is one of more intense subjects of debate in economics.

Princeton University economist Paul Krugman pooh-poohs the impact of speculation counter-posing the traditional argument that oil prices are set by supply and demand.

The Economist agrees, summing up its views with a pithy phrase, “Speculation does not drive the oil price. Driving does.”

Others, like oil industry analyst Michael Klare of Hampshire College in the US, sees demand outdistancing supply:

Consider the recent rise in the price of oil just a faint and early tremor heralding the oilquake to come. Oil won’t disappear from international markets, but in the coming decades it will never reach the volumes needed to satisfy projected world demand, which means that, sooner rather than later, scarcity will become the dominant market condition.
Usually you hear this debate in scholarly circles or read it in political tracts where orthodox views collide with more alarmist projections about the oil supply “peaking”.

But officials in the Third World don’t see the subject as academic. Reserve Bank of India Governor Duvvuri Subbarao charges that: “Speculative movements in commodity derivative markets are also causing volatility in prices”.

The World Bank has held meetings on the issue, because it is seen as a matter of “utmost urgency”.

“The price of food is a matter of life and death for the very poorest people in the world,” said Tom Arnold, CEO of Concern Worldwide, the international humanitarian agency, ahead of his participation at The Open Forum on Food at World Bank headquarters.

“With many families spending up to 80 per cent of their income on basic foods to survive, even the slightest increase in price can have devastating effects and become a crises for the poorest,” he said.

Journalist Josh Clark argues on the website “How Stuff Works” that much of the oil speculation is rooted in the financial crisis:

The next time you drive to the gas station, only to find prices are still sky high compared to just a few years ago, take notice of the rows of foreclosed houses you’ll pass along the way. They may seem like two parts of a spell of economic bad luck, but high gas prices and home foreclosures are actually very much inter-related. Before most people were even aware there was an economic crisis, investment managers abandoned failing mortgage-backed securities and looked for other lucrative investments. What they settled on was oil futures.

Whistleblowers on oil speculation

The debate within the industry is more subdued, perhaps to avoid a public fight between suppliers and distributors who don’t want to rock the boat.

But some officials like Dan Gilligan, president of the Petroleum Marketers Association, representing 8,000 retail and wholesale suppliers has spoken out.

“Approximately 60 to 70 percent of the oil contracts in the futures markets are now held by speculative entities,” he argues. “Not by companies that need oil, not by the airlines, not by the oil companies. But by investors who profit money from their speculative positions.”

Now, a prominent and popular market analyst is throwing caution to the wind by blowing the whistle on speculators.

Finance expert Phil Davis runs a website and widely read newsletter to monitor stocks and options trades. He’s a professional’s professional, whose grandfather taught him to buy stocks when he was just ten years old.

His website is Phil’s Stock World, and stocks are his world. He’s subtitled the site: “High Finance for Real People.”

He is usually a sober and calm analyst, not known as maverick or dissenter.

When I met Phil the other night, he was on fire, enraged by what he believes is the scam of the century that no one wants to talk about, because so many powerful people armed with legions of lawyers want unquestioning allegiance, and will sue you into silence.

He studies the oil/food issue carefully and has concluded:

It’s a scam folks, it’s nothing but a huge scam and it’s destroying the US economy as well as the entire global economy but no one complains because they are ‘only’ stealing about $1.50 per gallon from each individual person in the industrialised world.
It’s the top 0.01 per cent robbing the next 39.99 per cent – the bottom 60 per cent can’t afford cars anyway (they just starve quietly to death, as food prices climb on fuel costs). If someone breaks into your car and steals a $500 stereo, you go to the police, but if someone charges you an extra $30 every time you fill up your tank 50 times a year ($1,500) you shut up and pay your bill. Great system, right?

Click here for the full report from Al-Jazeera

Pepsi Faces Steep Input Price Inflation

March 14th, 2011

FinancialTimes.com

By: Jonathan Birchall

PepsiCo faces the highest levels of input price inflation in many years, underlining the broad pressures confronting global food companies amid steep rises in the price of oil and agricultural commodities.

The snacks and soft drinks company, whose food business includes Frito-Lay and Quaker, expected an additional $1.4bn to $1.6bn in extra input costs in its 2011 financial year, equivalent to cost inflation of 8 to 9.5 per cent.

“There aren’t many years in my 23 years at PepsiCo that I remember seeing that range,” said Hugh Johnson, chief financial officer, as the company issued its fourth-quarter results on Thursday. “That type of inflation has a pretty strong impact.”

Inflation concerns contributed to a lowered forecast for earnings growth in its 2011 financial year in the range of 7 to 8 per cent, down from a previous forecast in March last year of low double-digit percentage growth.

It also said it expected earnings growth in the lower range to continue after 2011, in spite of its $7.8bn investment acquiring its largest bottlers in 2010, and purchasing a controlling stake in Wimm-Bill-Dann, the Russian dairy company, for $3.8bn.

Indra Nooyi, chief executive, defended the company’s strategy, telling Wall Street analysts that “had we not had the macroeconomic sluggishness and this extraordinary commodity inflation, we’re a solid double-digit [earnings growth] player.”

She also emphasised the “considerable uncertainty” that had led to the decision to lower earnings guidance.

“We have no idea what the commodity markets are going to look like in 2012 and beyond,” she said.

“We have no idea what the developed market economic situation is going to be, whether it is going to improve robustly or whether the current sluggishness is going to continue.”

Coca-Cola, Pepsi’s main rival, earlier this week reported sales growth across leading markets during the fourth quarter for the first time since 2003, supported by strengthening consumer demand and gains in market share from investments in marketing and distribution.

Muhtar Kent, Coca-Cola’s chief executive, said: “At best the recovery is still mixed around the world … But I think there’s more stability and less concern about a major upheaval.”

Mr Kent said he believed Coca-Cola’s strong results reflected its own efforts to improve its global business performance.

PepsiCo’s food brands account for over 50 per cent of its revenues. Several other leading global food companies have warned of the impact of commodity price inflation in the coming year. John Bryant, chief executive of Kellogg’s, the cereal company, said last week that he expected pressure on grain prices to continue “for several years to come”.

PepsiCo has said it expects to pass on some of the price increases to consumers, but would seek to minimise sudden price moves.

For the fourth quarter, PepsiCo reported core earnings per share – excluding the impact of its takeover of its two largest bottlers – of $1.05 per diluted share.

Sales volumes rose 9 per cent across its worldwide business, while net income, lifted by the bottling deals, rose 37 per cent to $18.1bn. Net earnings fell 5 per cent to $1.36bn, again reflecting the costs of the bottling acquisitions.

In North America, soft drinks sales volumes rose by 1 per cent against the same quarter last year, trailing the 3 per cent growth reported on Wednesday by Coca-Cola

Click here for the full report from Financial Times

Devastation In Japan Leads To Drop In Gas Prices

March 14th, 2011

CBS Chicago

Gas prices are still hovering around $4 per gallon in Chicago, but the disaster in Japan could actually bring them down a bit.

As CBS 2’s Susanna Song reports, the average price of regular unleaded in Chicago is $3.71, about 1 cent cheaper than a week ago. At the Des Plaines Oasis Mobil station Monday morning, the price was $3.73 for regular, and $3.97 for super unleaded.

Now experts say in the short-term, the prices could continue to fall because of the devastation in Japan.

The tragedy of the earthquake and tsunami in Japan last Friday has halted the fast-paced Japanese society, leading to a decline in the demand in oil there, and thus, a drop in worldwide oil prices and gas prices here at home.

AAA says Japan is the third largest consumer of crude oil.

Back in the U.S., in the past month, gas prices have surged up 37 cents, as a result of anxiety over unrest in the Middle East and North Africa.

While gas prices are starting to fall now, U.S. Senate Majority Whip Dick Durbin (D-Ill.) is also calling on President Obama to help bring gas prices down in the long-term.

“As families and businesses are facing these high gas prices, I’ll be working with President Obama to urge him to release the strategic petroleum reserves so we can start stabilizing and bring these gas prices down,” Durbin said.

Experts say this week, prices will likely drop about 1 to 2 cents because of the woes in Japan. But it’s unclear how the prices will look in the coming weeks.

Click here for the full report from CBS Chicago

Economy Faces New Threats

March 2nd, 2011

CNNMoney.com

By: Chris Isidore

Just when the U.S. economy seemed to be getting its footing, a number of new obstacles risk tripping it up.

A spike in oil prices due to spreading unrest in the Middle East is the highest profile problem, but not the only one.

Economists are also worried about the push to cut government spending, the end of stimulus from the Federal Reserve and the bull market in stocks running its course.

While none of these factors might be enough to tip the economy back into a recession individually, “pile up enough headwinds and you’re going backwards,” said David Wyss, chief economist with Standard & Poor’s.

Danger #1: Rising oil prices: The spike in oil prices has not only sparked a sell-off in stocks, it’s made economists far less bullish about the strength of the recovery.

But most believe that oil prices at $100 a barrel isn’t high enough to cause a problem.

“At $100, it’s a significant problem, but it’s not a killer,” said Wyss.

Wyss said $150-a-barrel oil would be the problem level. Others put the tipping point closer to $120 or $125 a barrel. And uncertainty in the Middle East has many wondering how high it will go.

“The big geopolitical changes we’ve been seeing didn’t stop with Tunisia, and didn’t stop with Egypt. So maybe it’s not a good idea to assume it’s all going to stop with Libya, either,” said James Hamilton, economics professor at the University of California-San Diego. “If there is a disruption for Saudi Arabia, it would be off the charts in its impact on the world economy.”

But it is possible that oil is already at a level that will cause a new recession, although it could take months to know for sure, according to David Rosenberg, chief economist with Guskin Sheff. He believes the problem with this oil spike is that the economy, while growing, is still weak.

“When oil prices were ratcheting up to record levels a few years ago, unemployment was at 5%, not 9%,” he said. “The Fed had ammunition left. There was still appetite for fiscal stimulus. There’s nothing in the cookie jar today as an offset.”

Danger #2: Sharp spending cuts: The push to cut government spending is another cause for concern.

Goldman Sachs put out a note Tuesday estimating that Republican spending proposals which would cut $61 billion between March and Sept. 30 could reduce economic growth by 1.5 to 2 percentage points in the second and third quarters.

And it said if there is a shutdown of the federal government, gross domestic product could be reduced by 0.2% for each week it lasts. A government shutdown is possible if there is no budget agreement by March 4.

“A shutdown lasting more than a week could be meaningful,” said the note.

State and local budgets are also being slashed and that could hit growth hard in the second half of this year when new fiscal years start in most jurisdictions.

Click here for the full report from CNNMoney.com

The Kevin Trudeau Show: 2-26-11

Today, Kevin reveals the details behind the government’s plan to drive up oil prices and crash currencies. Plus, the Freeze Dry Guy stops by to help prepare you for any disaster!     

Self Help:
Loss Weight Safe & Fast    
See Kevin Live!   
Survival Food  
Filter For Emergencies  
Daily Life Essentials   
Free Money      

Health:
The Painful Truth About Acetaminophen     
Yoga Boosts Your Mood   
Apples Really Do Keep The Doctor Away   
Berries Can Reduce High Blood Pressure   
Tart Cherries Help Speed Muscle Recovery   
Falling In Love Mimics Cocaine High   
Go Nuts To Prevent Baldness    

Government:
Sarah Ferguson Not Invited To Royal Wedding    

Protests
Defiant Crowds Demand Democracy in Bahrain   
Labor Battles Rage On in Wisconsin, Iowa, Ohio, Indiana    

Everything Kevin:
Become An Insider!
Support Kevin!
Kevin is on YouTube!
Sign Up For Kevin’s FREE Podcast
Follow Kevin on Twitter
Become Kevin’s Friend on Facebook
Kevin’s Film Club
Kevin’s Book Club 

Take Trudeau on the Go! Click here to download this show to your iPod, mp3 player, or PC through iTunes! 

Click below to watch the Kevin Trudeau Show!

Oil Crosses $100

February 23rd, 2011

CNNMoney.com

By: Ben Rooney

U.S. oil prices spiked above $100 a barrel for the first time in over two years Wednesday, as reports of Libyan oil production shutdowns swirled.

Italian oil giant Eni said Wednesday that it had partially shut down its 150,000-barrel-per-day production in the North African country.

Andrew Lebow, an oil broker at MF Global in New York, said the unrest has already cut Libya’s production by 300,000 barrels.

“But 300,000 barrels could be just the beginning,” he said. “The situation is very chaotic and it’s difficult to get good information, but the market is anticipating that more production will be lost.”

Libyan oil production grinding to a halt
Oil industry executives told the Financial Times that half of Libya’s production has been shut down. But Eni said those reports couldn’t be confirmed.

Crude futures for April delivery jumped $4.58, or 4.5%, to $100 a barrel in midday trading, a level not crossed since October 2008.

Brent crude, the European benchmark oil price, rose $5.72, or 5%, to $111.50 a barrel in extended trading.

Oil prices have surged this week as violence spread in Libya, the latest country to be swept up in a wave of anti-government protests that started earlier this year in Tunisia.

The rally continued Tuesday, as investors in the United States returned to work following the Presidents Day holiday and Libyan leader Moammar Gadhafi took a hard line — insisting that he is still in power and cracking down on the opposition.

Why the oil market is nervous
Libya, which exports 1.6 million barrels of crude per day, is the first oil exporting nation to be affected by the unrest in the Arab world. While it is the third-largest producer in Africa, Libya only provides 2% of the oil that the world consumes on a given day.

Prices have been driven higher by speculation that the unrest in North Africa could spread to oil rich nations in the Middle East.

“The market remains on edge that tensions will migrate across the Middle East, and toward major oil producer Saudi Arabia,” said Tom Pawlicki, an energy analyst at MF Global. “A spreading of potential revolution elsewhere in the Middle East may continue to boost oil prices in the near-term.”

The International Energy Agency, which was formed to protect against global energy supply disruptions, sought to ease those concerns Tuesday.

Click here for the full report from CNNMoney.com

Even Donald Trump Is Warning That An Economic Collapse Is Coming

February 3rd, 2011

The Economic Collapse

In a shocking new interview, Donald Trump has gone farther than he ever has before in discussing a potential economic collapse in America. Using phrases such as “you’re going to pay $25 for a loaf of bread pretty soon” and “we could end up being another Egypt”, Trump explained to Newsmax that he is incredibly concerned about the direction our economy is headed. Whatever you may think of Donald Trump on a personal level, it is undeniable that he has been extremely successful in business. As one of the most prominent businessmen in America, he is absolutely horrified about what is happening to this nation. In fact, he is so disturbed about the direction that this country is heading that he is seriously considering running for president in 2012. But whether he decides to run in 2012 or not, what Trump is now saying about the U.S. economy should be a huge wake up call for all of us.

Trump says that the U.S. government is broke, that all of our jobs are being shipped overseas, that other nations are heavily taking advantage of us and that the value of the U.S. dollar is being destroyed. The following interview with Trump was originally posted on Newsmax and it is really worth watching….

Now, you may or may not think much of Donald Trump as a politician, but when a businessman of his caliber starts using apocalyptic language to describe where the U.S. economy is headed perhaps we should all pay attention.

The following are 12 key quotes that were pulled out of Trump’s new interview along with some facts and statistics that show that what Trump is saying is really happening.

#1 “If oil prices are allowed to inflate and keep inflating, if the dollar keeps going down in value, I think there’s a very distinct possibility that things could get worse.”

Donald Trump is exactly right – we are headed for big trouble if we continue to allow the Federal Reserve to pump hundreds of billions of new dollars into the system. As I have written about previously, all of this new money will give us the illusion of short-term economic growth and it will pump up the stock market, but in the end all of the inflation the new money is gong to cause is going to be very painful. Just look at how rapidly M1 has been skyrocketing over the last couple of years. Is there any way that we are going to be able to avoid paying a very serious price for all of this reckless money printing?….

Already all of this money printing has had a very serious affect on world financial markets. The price of agricultural commodities is skyrocketing and the price of oil has almost reached $100 a barrel once again. The last time that the price of oil soared above $100 a barrel was in the early part of 2008, and we all remember the horrific financial collapse that followed in the fall of 2008.

#2 “….you’re going to pay $25 for a loaf of bread pretty soon. Look at what’s happening with our food prices. They’re going through the roof. We could end up being another Egypt. You could have riots in our streets also.”

The price of corn has risen 88 percent over the past year and the price of wheat has soared a whopping 114 percent over the past year. Let’s hope that we don’t have to pay $25 for a loaf of bread in the United States any time soon, but in some areas of the world that is what it now feels like.

Approximately 3 billion people in the world today live on the equivalent of $2 a day or less, and most of that money ends up getting spent on food. When food prices go up 10 or 20 percent in deeply impoverished areas of the globe, suddenly the lives of millions are threatened. The riots that we have seen in Egypt, Algeria, Tunisia and other nations recently were not entirely caused by rising food prices, but they were certainly a big factor.

#3 “I think gold will go up as long as people don’t have confidence in our president and our country. And they don’t have confidence in our president.”

Investors run to gold and other precious metals when they don’t feel secure. We saw that happen a lot in 2010. As confidence in the paper currencies and the financial systems of the world has rapidly diminished, precious metals have become increasingly attractive.

In fact, the price of gold has doubled since the beginning of the economic downturn in 2007. As the global financial situation continues to become more unstable, the demand for precious metals is likely only going to become more intense.

Click here for the full report from The Economic Collapse

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