Walt, Jake, and guest co-host Gene Denardo discussed the likelihood of even more foreclosures in 2011, the chairmanship of Cong. Ron Paul of Texas of the subcommittee on domestic monetary policy, and the state-by-state financial crisis that grips the governments of the country.

Walt and Gene talked about economic predictions for 2011.

Walt and Jake talked with special guest Peter Cohan, author of an article entitled, "Seven Ways Ron Paul Is Wrong About the Fed". The discussion was quite spirited and contentious.

Jake and Walt took a close look at the latest monetary system news and paid particular attention to the anticipated Wikileaks release later this month regarding a major, unnamed American bank. Could it be Bank of America?

Bill Murphy, chairman of the Gold Anti-Trust Action (GATA) Committee, was the guest of Jake and Walt. GATA was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. GATA opposes collusion against a free market in gold, other precious metals, currencies, and related securities.

Walt also reported on how Haiti is faring one year after the devastating 7.0 earthquake hit the island nation, and the news is bad. 319,000 people died, and 800,000 remain homeless. 600,000 now have homes, but 95% of the debris still remains in the streets. Most of the promised foreign aid hasn't arrived, and of the money that HAS arrived, only 38% of it has been spent. Walt expressed amazement that they haven't been using some of the money to hire the homeless to help remove the debris and thereby kick-start the economy back into gear. The whole experience shows just how bad the international governments are at trying to save people, because one year later they have clearly done a terrible job.

Gene DeNardo joined Walt to talk about the big FBI mob bust, online gambling, and the latest financial news. Jake joined the broadcast midway and talked about the gold Tunesia's former first family tried to smuggle out of the country, as well as the massive counterfeiting of the Euro by the Bank of Ireland.

Walt, Jake, and Gene talked about the Financial Crisis Inquiry Commission report that came out today, and they interviewed Dan O'Connor, who plans to run for Congress from the district in NYC that encompasses Chinatown, in the Democratic primary in 2012.

This week's show featured two guests. First, Dr. Tom Woods, author of Nullification: How to Resist Federal Tyranny in the 21st Century, talked about the idea of states refusing to fund or support Federal laws that violate individual rights and state powers. Also, guest Tad Lumpkin discussed his new cartoon short, The American Dream by The Provocateur Network.

Mike "Mish" Shadwell, investment advisor and blogger from the Austrian economics point of view, joined Walt, Jake and Gene to discuss the question of whether we're headed for deflation, inflation, or something in between.

This week, Jake reports on the civil war emerging in Libya. Walt raises questions about why Wikileaks is demanding $31 million in donations in order to keep their doors open, and he also presents the latest news about mortgage resets and how the major media are trying to pretend that they're old news. Gene tells the story of a simple Ecuadoran woman who takes on the oil cartel.

Jake got his headlines in during the first 15 minutes of the show before leaving for an event. Then Gene and Walt carried on with some fascinating insights about the misleading unemployment and inflation figures put out by the Labor Dept.

The guys discuss the latest events in Libya and throughout the world. Special attention is focused on manipulations by JP Morgan of the silver and gold market in an effort to convince the investing public that inflation is still low.

Walt and Gene spent most of this program discussing the 9.0 magnitude earthquake in Japan: the tragedy, the heroism, and the financial implications this event has for the U.S.

This week's show focused on the LIBOR manipulation investigation by U.S. and European regulators and raised the question: if the biggest banks in the world conspired in 2008 to keep LIBOR rates artificially low, how do we know they're not also doing the same thing now? Walt, Jake, and Gene also talk about the latest news from Libya, Japan, and around the U.S.

This week's show features some new theme music. Gene and Walt report on WalMart CEO Bill Stone's announcement that a new, big round of inflation is going to show up starting in June 2011. The guys also report on a new "artificial leaf" developed at MIT which is able to convert an incredible 76% of sunlight energy into usable energy.

Early reports on a 7.2 Richter scale aftershock in Japan and 1 meter high tsunami expected. Also, lots of news about soaring budget deficits, intervention in Libya, and the continued, ongoing debasement of the money supply by the Federal Reserve and the other major central banks of the world.

John Mueller of The Expat Files, who broadcasts here on PRN Monday and Wednesday evenings at 8 p.m., joined us to talk about political corruption, banking crises, hyperinflation and other financial catastrophes that have gone on for years in Central and South America. This program is well worth listening to, because John's stories are very informative.

Walt and Jake focused this week on precious metals and their role in the overall financial crisis.

Walt, Jake, and Gene discuss the news of the day, including the implications of this week's first ever scheduled press conference by Ben Bernanke, chairman of the Federal Reserve.

The big news this week is the capture of Osama Bin Laden. While we're glad he is gone, Walt, Jake, and Gene raise disturbing questions about HOW he was killed and the way the detail of the story of the operation keep changing. The guys also discuss what this will mean for U.S. involvement in Afghanistan going forward.

The IMF announces that core eurozone countries are in danger of debt defaults. Also, Exxon blames high oil prices on "speculators". Walt, Jake, and Gene separate the wheat from the chaff.

Jake and Walt talked about President Obama's address to the State Dept. about the "Arab Spring" and noted that the country of Zimbabwe, which has had a history of massive inflation in its past, is now looking at the possibility of returning to a gold standard with their national currency. While a dramatic turnaround, this does make sense, particularly given the huge gold reserves that reside within Zimbabwe's borders.

Walt reports on Cong. Ron Paul of Texas announcing that he plans to push for an audit of the nation's gold supply. Also, Jake reports on probably misleading signals from the Fed that they're not going to continue with Quantitative Easing III, and Gene talks about the likelihood that Wall Street assets are overvalued according to guru Jim Grant.

The guys talk in detail about the plummeting Greek bonds and the likely consequences they will have for Greece, the European Union, the Euro, and yes, the American economy. Also, Jake reports on a filing by GATA on behalf of Bernard Von Nothaus in the Liberty Dollar appeal, and Gene reports on the latest MERS news from a district court in Oregon.

This week, Walt, Jake, and Gene play and discuss the new MoveOn.org video by former Labor Secretary Robert Reich which was released today, and they show how he conveniently ignored the most important aspect of the problem: how it is that the rich became super-rich in the first place! In the end, they reveal Reich as being actually a supporter of the system that make the rich into super-rich in the first place, at everyone else's expense!

This week Jake and Walt talk about the second ever Ben Bernanke press conference, plus they explore the many ways that Cong. Ron Paul of Texas is being accepted on a wide variety of his long standing positions on the issues, particularly regarding monetary and foreign policy, to the point where both Republican candidates for President and the Democratic Commander In Chief himself are parroting Paul's positions!

The guys discuss the austerity budget passed by Greece's socialist party. Plus domestic monetary news, the early news from the presidential election campaign, and other items.

This week's show reported on the latest political scandal in Europe and how they're tied into the debt crisis and the monetary system. Plus, here in the U.S., President Obama tries to prevent similar distress by announcing mortgage relief for certain payers behind in their payments, while Cong. Ron Paul of Texas makes an unusual proposal for temporarily relieving the debt ceiling issue, gaining both plaudits and criticism from both the right and the left.

Mark Deppe and Jeff Greenberg of Legal Forensic Auditors of Warrenton, VA joined the guys to talk about work they've been doing to help homeowners under threat of foreclosures keep their homes by getting the courts to essentially separate control of the home from their obligations under the mortgage note. This show is "must hear" for any listener who has fallen behind on their mortgage payments.

Walt and Jake take a closer look at the debt ceiling debate, including how it ties into the overall monetary crisis that continues to roil the national and world economy, and Walt opines that the heat wave currently sweeping the country is actually being caused by all of the hot air coming out of the nation's capital.

With the August 2nd deadline coming up this coming week, the guys kick around what's really happening with the debt ceiling "crisis" in Washington, DC and show how the real concerns are being masked by all the hot air coming out of the nation's capital.

The guys discuss the 512 point drop in the Dow Jones Industrial Average and how it reflects broad market concerns regarding a next round of recession.

This week the guys discussed the S&P downgrade of America's credit rating, plus talked about how the same thing may be about to happen to France, whose AAA rating also looks to be in trouble. Plus Jake has a really funny story about a Florida man who foreclosed on Bank of America.

Walt, Gene, and Jake go over the news of the week, including the rise and fall of the stock market as traders expect more recession, plus the hysterically funny Jon Stewart piece on the media's deliberate attempts to ignore the Ron Paul presidential campaign.

This week we report on how gold may possibly skyrocket due to the repatriation of Venezuela's gold by Hugo Chavez. Plus, we have two guests, Robert Fernandez and his daughter Luciana, who join us to talk about their efforts to create a National Lemonade Stand dayin protest against all the local authorities of late who have been shutting down lemonade stands across the country.

This week, we look at how the Euro bailout may be falling apart due to dissension within Angela Merkel's German government. Plus, guest Robin Koerner discusses his founding of "Blue Republicans" at the Huffington Post.

Fannie Mae and Freddie Mac announce lawsuits against 17 large banks. Plus Goldman Sachs and China reveal that they're aware of gold price suppression scheme.

This week we focus once again on the coming European default crisis as American news outlets finally recognize that the European system is falling apart. Plus, Gene has details about the rising poverty rate and Jake tells us about how the economic situation is impacting places like Takoma, Washington where teachers are on strike. Included is a fascinating tidbit from Walt about Sugata Mitra, the Indian educator and his "hole in the wall" approach to educating poverty-ridden children in the streets of India's poorest cities.

This week the guys report on ever-approaching European banking crisis and how it is likely to impact both the markets and the overall economy. Plus Jake reports on how the IRS is going after citizens of other countries who unwittingly hold dual citizenships.

Jake and Walt are joined by authors Tom S. Morgan and Jimmy Patterson to discuss their recent novel about capital punishment, Chisos Mountain Sunset. Morgan is a defense attorney who brings an interesting perspective regarding how inaccurate the findings are in most capital cases.

The guys were joined by Zak Carter of Rock The Revolution, who talked about his plans to stage a series of concerts around the nation in support of the candidacy of Republican Ron Paul. Also, they took a first, in-depth look at the Occupy Wall Street movement that is beginning to take shape across the country as in NYC.

This week Walt reports on the Dexia Bank failure in Europe, which got virtually no coverage here in the U.S. despite the fact that it is the largest bank in Belgium. Also, Gene covers the Herman Cain 9-9-9 plan and how he's used it to catapult himself to the top of the Republican field with massive tea party support, this despite the fact that the tea parties all along have been screaming, "no new taxes!"

This week we reported on the death of Muammar Gaddafi. We also has Fox News legal Analyst Lis Wiehl on the program, who for some unknown reason called in from a very noisy location. She explained why she feels that the actions of the Occupy Wall Street folk have been unacceptable, particularly their threats to tie up the legal system of New York over their civil disobedience arrests. Walt pointed out that the Boston Tea Party was also an act of deliberate civil disobedience in violation of the laws of colonial Massachusetts, but that didn't seem to matter to Ms. Wiehl.

With Jake taking a month-long haitus from the show, Gene and Walt carried on with reports about the latest efforts by European bankers to settle the Greek sovereign debt situation. Plus, President Obama announces in the same week a greater reach for the HARP program for holders of underwater mortgages that will help less than a million people at the same time that he announced that the troops would be home from Iraq by year's end...and no one noticed.

Walt and Gene took yet another look at the European debt crisis and how it continues to unfold. Also, toward the end of the program, they discuss the very disturbing YouTube video from seven years ago showing Judge William Adams of Texas viciously whipping his then-16-year-old daughter with two belts for downloading files that violate intellectual property laws.

This week, Walt reported on an acknowledgement by CFTC commissioner Brad Chilton that silver manipulation is indeed being conducted in the marketplace. Also, grief and trauma specialist Courtney Armstrong joined us to talk about a remarkable new approach to treating PTSD in returning war veterans.

The guys report on the latest news regarding the ever-evolving European debt crisis. Plus, Walt reports  on the surprising success Ron Paul is experiencing in Iowa polls, and Gene talks about the unbelievably  high cost of keeping prisoners at Guantanamo Bay.

Former Federal Reserve economist Dr. David Barker joined the guys for a fascinating look at the world monetary system from inside the world's largest and most powerful central bank.

This week on the Freedom News Hour / Surviving Meltdown: Gene, Jake, and Walt reported on the European banking crisis that refuses to go away, the S&P threatening to downgrade the credit ratings of 15 out of the 17 Eurozone nations, the White House considering a draconian tracking program to license Internet usage, and central banker Ben Bernanke complaining that the media are misrepresenting what the Fed has been doing the past three years.

Daniel O'Connor, Democrat for US Congress in New York City's 12th District, will join Jake and Gene to talk about the economy and the Occupy Wall Street movement, which began in his home city. O'Connor works in the green energy field and speaks fluent Chinese. O'Connor's district is heavily populated with Chinese citizens, and his website is also available in Chinese at http://danoconnor2012.com.

Guest: Billy Walsh

Billy Walsh joins Walt, Jake, and Gene today. Walsh is the creator of a large acrylic painting he created in sarcastic honor of the Fed and the big banks. The painting is the first within a store he has created to

house future paintings by himself and other artists to entertainingly

communicate political and economic messages that the majority rarely see

or hear.

The guys discuss the latest news out of Europe regarding the debt crisis. Also, Abby Kiesa, Youth Coordinator & Research at CIRCLE (the Center for Information and Research on Civic Learning and Engagement) joins us to talk about the Iowa youth vote and how it will likely impact next Tuesday's caucuses, particularly where the Ron Paul campaign is concerned.

What's next for Occupy Wall Street? The leaderless left-wing, anti corporate movement is no longer sitting in large numbers outside the stock exchanges, but they still have lots of things up their sleeves. Mark Bray joined us to tell us all about the latest OWS news and plans. Included in the discussion: plans for a student loan action in March 2012!

Robin Koerner of Blue Republicans joins the guys to talk about the 2012 presidential elections and the role his group plans to play in them. The guys also update us on the latest from Europe with the sovereign debt crisis.

This week on the Freedom News Hour/Surviving Meltdown, the guys discuss the latest S&P credit downgrades for half of Europe and how the market for bondsm has increased despite those downgrades. Also, they discuss the possibility that Israeli spies may be behind the recent murders of Iranian nuclear scientists.

This week on the Freedom News Hour, the guys discuss the transcript of a recent interview with investment banker and analyst Jim Rickards. The interview shows us a glimpse into the minds of the politicians and their supporters in the markets and in government with regard to what is happening in Iran.

This week the guys look into claims by the cracker group, Anonymous, that they have uncovered evidence that Ron Paul regularly corresponds and converses with a neo-Nazi group. Also, they look at the latest financial news coming out of Europe.

This week, Jake and Walt talk about the European Debt Crisis that won't go away, despite everything that the politicians and the bankers throw at it. Plus, we look at a fascist-leaning report from the FBI warning against, "extremists [who] may refuse to pay taxes, defy government environmental regulations and believe the United States went bankrupt by going off the gold standard" and claiming that routine encounters with police can turn violent "at the drop of a hat," according to FBI spokesman Stuart McArthur.

The unemployment rate has fallen to 8.3%. So says the Bureau of Labor Statistics. So why, then, does Forbes Magazine claim that the same U-3 rate is actually 11%? The guys explore this question and look at the on-again, off-again Greek bailout.

Is the Greek financial crisis really resolved? Don't be so sure. Also, the $40 billion national mortgage settlement is likely going to cost taxpayers money. The guys will talk about how that will likely work.

The European Central Bank announced the creation of €529.5 billion in new euros this week, although they didn't actually admit that they were creating money out of thin air. Instead, they called it a "cash infusion" according to USA Today, and it took the form of low-interest loans to banks. The guys will explain why this latest round of the European version of "quantitative easing" won't be any more effective than their last round two months ago.

Plus, the precious metals markets plunged after Fed Chairman Ben Bernanke hinted there would be no more quantitative easing in this country, and they guys will tell you why.

Will the Greek government get enough bond holders to take a 53% loss by 3 p.m. Eastern time today? We will have the results for you at 6 p.m.

Also, the guys take another look at how bad unemployment really is and how the Labor Dept. continues to misrepresent the true labor situation in America today.

Imad-ad-Dean Ahmad, spokesperson for the National Coalition to Protect of Civil Freedom, will join us to discuss allegations that the New York Police Department was carrying out illegal surveillance of Muslim students and their organizations as far removed from their jurisdiction as universities in upstate New York, New Jersey, and Connecticut, indeed all over the northeast with neither cause nor warrant.

Also, we will briefly discuss the latest recruiting technique of Anonymous, the anarchist hacker group that has been in the news over the past few years.

Paul Christopherson has Wall Street to thank for his charmed life. After years as an analyst at Bear Stearns, he co-founded an institutional equities research firm that sold in 2008 for millions. He could be one of the villains the Occupy Wall Street crowd was protesting, except that he too sees the evil that lies within our financial system. Paul joins us to tell us his views about Wall Street, the financial crisis, and its aftermath.

Regular listeners know that we've been saying all along that the crisis in Europe is not yet over. This week, Jake and Walt discuss how Spain's debt sales fell short, and the market tanked.

Italy and Spain ran into big problems with their "recovery" this week, as the bond markets gave them thumbs down. The guys explore the ramifications of this and talk about how this is continuing evidence that the fiat monetary system is becoming more and more unstable. Plus, they take a closer look at foreclosures and how an increase will undermine our own country's recovery.

This morning's Spanish bond auctions met decent demand and managed to shave a point or two off the average yield to 5.8%, down from over 6% earlier in the week. So why isn't the market celebrating? The guys discuss this in detail on today's show.

While the PIIGS countries, including Spain and Italy, struggle to deal with rising borrowing costs and austerity budgets, Germany now faces inflation, all thanks to the European Central Bank and the "elastic money" folks. The guys discuss this in detail in today's show.

As we reported last week, the finger pointing in Spain tells us that the crisis is upon us right now in Europe. This week, Jake and Walt discuss the likelihood of Greece leaving the European Union and what "contagion" really means. Join us as we watch the crisis unfold and help explain what it all REALLY means.


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