With George Noory
Live Nightly 1am - 5am EST / 10pm - 2am PST
Shows

Coast Insider

Not a member? Become a Coast Insider to stream or download new and past shows for 99 cents!
Advertisement

Coast Insider

Not a member? Become a Coast Insider to stream or download new and past shows for 99 cents!
Advertisement

Last Show Recap

America

In the first half, James R. Doty, M.D., the director of the Center for Compassion and Altruism Research and Education,discussed his journey to find comfort after a difficult childhood and how his life was changed at age twelve when he wandered into a magic shop looking for a plastic thumb.

In the latter half, Kim Russo, known as 'The Happy Medium,' shared how she came to embrace her gift of mediumship, and ultimately accepted her soul's mission as a voice for the spirit world.

Upcoming Shows

Tue 05-24  Other Side Communications/ Midweek Open Lines Wed 05-25  Whistleblowers/ Remote Viewing the Future Thu 05-26  Earthfiles Reports Fri 05-27  Ending UFO & Free Energy Secrecy

CoastZone

Sign up for our free CoastZone e-newsletter to receive exclusive daily articles.

America's Economic Crisis

Show Archive
Date: Wednesday - January 2, 2008
Host: Rollye James
Guests: Michael Shedlock, Andre Eggelletion, Joe Meyer, Catherine Austin Fitts

In a 4-hour special on America's economic problems, Rollye James spoke separately with four financial experts. First up was author and radio host Andre Eggelletion who discussed problems with the Federal Reserve and its historical background. The Fed has lost some of its ability to control the money supply, and Alan Greenspan (former Chairman of the Reserve Board) left a record foreign deficit, he noted. The eroding dollar may only be around for another four years, before it's replaced by another currency, said Eggelletion, who added that the value of homes will continue to fall for another 3 to 4 years.

Financial analyst Mish Shedlock said the US will be faced with deflation-- a cycle where credit and money are shrunk back. Japan, he noted, had deflation for 18 years, in which land prices fell for 18 consecutive years. The signs include rising credit card defaults, as well as a cascade of companies unable to pay each other. The global imbalances are stunning, Shedlock declared, and he noted that it's not just a US problem-- the overvalued pound and euro will also take a hit. Looking ahead, he foresees sub par returns on the stock market.

Financial consultant Joe Meyer sees tremendous opportunities in the precious metals, energy and commodities markets, though there could be periods of volatility for them. The key right now is to preserve wealth rather than being too speculative, he offered. Sellers are in denial right now about the drop in real estate values and aren't lowering their prices yet, said Meyer. The Dow is going to return to its 2000 level at around 7200, he predicted.

Investment advisor Catherine Austin Fitts said that America's "strong dollar policy" moved significant capital out of the US and now foreign investors are in a position to buy up control of the country at below market prices. She suggested people organize locally, and shift money out of large corporations and government agencies.

Bumper Music

Bumper music from Wednesday January 02, 2008

Advertisement