Mike Lathigee has a strong following of club members across America. Recently the British Columbia Securities Commission domiciled a judgment against Mr Lathigee for $16 million. In this video Mr Lathigee fully discloses what happened in Canada and updates members on what is happening in the case. In addition, you will learn all the details of Mr Lathigee projects in Nevada and the track record to date. Michael “Mike” Lathigee fully transparent on BCSC ruling, recent coverage on the Review Journal and his participation in the Investment Club of America.
Jo Ann Skousen – Guest Speaker
Anthem Film Festival Jo Ann Skousen is the co-producer of FreedomFest and the founding
director of the Anthem Libertarian Film Festival. She also serves as the
entertainment editor and chief reviewer of Liberty magazine (www.libertyunbound.com)
and teaches English literature and composition at Chapman University
and Sing Sing Correctional Facility, where she has encountered some of
the finest students of her teaching career. She is featured in the HBO
documentary Zero Percent, about Sing Sing’s college program (www.zeropercentfilm.com).
Jo Ann has a master’s degree in English literature from University of
Florida, and has taught English at Rollins College in Florida, Mercy
College in New York, and Chapman University in California. Jo Ann is
also the author of Matriarchs of the Messiah: Valiant Women in the
Lineage of Jesus Christ, which offers a bold new perspective on women in
the Bible as intelligent, courageous problem-solvers who used their
agency to make wise and often clever choices.
Joanne does a great job of
addressing the current civil rights movement and her thoughts on the
Black Lives Movement. Joanne is a huge advocate for making a positive
difference but what is so amazing is that her well meaning intentions
can be misperceived as racist. Things have become crazy!
Joanne is an advocate for making a better world and in her scholarly
manner she addresses what is happening with today’s civil rights
movement and many of the dangers in this current movement. Joanne
discusses similar historic civil rights movements and then points out
the limitations of the BLM movement, that the BLM movement is
‘political’ and while she agrees with the BLM as she describes it in
“small letters” she takes the stand that the BLM in “Capital Letters” is
an organization that every American must be concerned about.
There are old customs that are under siege as we are in lock down. We
are missing out on many events that are key to maintaining our culture.
Habits are being replaced with overeating, drinking too much which is
leading to depression. Freedom of Speech and Freedom of Assembly are
no longer American Rights. Even hateful speech must be allowed in this
environment and now many forms of speech as now being attacked as Hate
Speech. She points out that – In the same way as someone can write an
opinion that involves hate we have the right to disagree and express our
own opinion as to why we do not agree. But we cannot take away the
Right of Free Speech.
The mask is a sign of executive power going too far. We are losing our
personal liberties, which is what America is founded upon. The laws are
changing daily, and she describes it as psychological torture. It is
causing confusion and depression. Lockdowns are meant to force people
into compliance. It is time to reclaim our Freedom.
Joanne does an incredible job on outlining that Americans must realize
we are losing our Freedom and that power-hungry Governors are repressing
citizen freedoms. This meeting was a strong voice that we must not
comply, and Liberty and Freedom must be protected and fought for by all
“Persuade Americans and don’t force us” was her message.
After Joanne speaks Mike Lathigee asks – how is it that a person like
Joanne, who deeply cares for humanity and is on the front lines helping
people, can be called a racist? Then Mike discusses the insincerity of
corporate and high-profile individuals who support BLM due to compliance
to pressure rather than what they really believe.
Mike does express one positive aspect of the BLM moment which is – much
needed changes to the judicial system. Those charged with Federal Crimes
are bullied into taking a pleas bargain deal -even if they are
innocent. Judges will rule routinely in favor of their ‘employer’ (the
government) as they do not want to “rock the boat”. Overzealous
prosecutors have been known to withhold information that can vindicate a
defendant. Mike uses Lori Laughlin as a great example of the
governments bully tactics.
As you are
all aware – for the last year, and especially since January, I have been
telling members to increase your gold/silver holdings to at least 10% of your
total net worth.
encouraged members (based on the ‘fundamentals’ as well as what is happening
globally) to increase that position to 20% of your net worth. This
guidance is documented in many club meetings and writings that have been sent
to members. Historic articles and videos can be found at mikelathigee.com and
the club website.
question now is – What do I do right now to make money?
Well I have stated on numerous occasions that silver moves very violently up
and down. Since March, it has skyrocketed from $14 to today over
$24 an ounce. Many of the silver and gold mining stocks
have doubled or tripled during this same time. For those who
still do not have exposure to gold or silver I would suggest to take a
position. The main reason is – I see continued weak US economic performance,
which is very bullish for gold and silver – due to a weakening US
dollar. I also believe a position in an ETF that focuses on
gold and silver mining companies has much more upside potential than an ETF
that simply focuses on the spot price of silver.
the next precious metal that I see having an opportunity to move (it is
‘lagging’ for now). At some point, I believe platinum will catch up
to gold. I will keep you posted.
One of the
main reasons I remain so focused on gold and silver is because of the non stop
printing of money by the Feds while corporations have leveraged their balance
sheets from 3 trillion in 2005 to $71 trillion today. In that same period
US companies have spent over $6 trillion on share buy backs instead of
investing in the business and share buy backs create no economic benefit except
inflate share prices and make executives rich.
metals will continue to move up due to the the following factors – ongoing
financial crisis, negative US Treasury yields, a flood of ‘quantitative easing’
by central banks, fiat currency debasement, zero to negative official interest
rates, out of control government spending, huge global debt, a weakening US
dollar & the risks of hyperinflation. Not in the last several decades have
all these factors happened all at the same time making gold and silver so
I know my
message has been the same for a long time and those who listened are seeing
massive gains through taking past action but it is not too
silver will continue to move up much faster than gold – with wild consolidation
periods. Industrial demand for silver remains strong. More than 100
silver mines around the world are closed due this ‘covid’ phenomenon and now
there is unprecedented strong demand for silver coins. In addition, when
I was looking at historical data, silver peaks before gold and it does ‘moves’
that are significantly more dramatic both upward and then downward.
As I watch CNBC today, (July 28) the main story all day has been the bullish
run on gold and silver – as the masses take some profits along the way and
enjoy the ride. We were a year ahead of the masses in our conversations
about gold and silver.
For those of
you holding now – a large position in gold and silver – I believe we will
continue to see the move upward but expect consolidation periods along the way
which will open up for new buying opportunities. Silver is
always of particular concern when investors hold it because it moves up and
down faster than any other commodity I have seen. It is for that reason
that – for those holding a silver position – it is good to take profits along
the way. I believe silver has much more room to run however. Taking some
profit in your silver mining companies, silver ETFs etc. makes sense at above
$23.5 an ounce. I suggest take about 10% profits on your silver holdings
now and stay long the rest of the position. For more conservative
investors you might take more profits at this time.
uncertainty in the markets, the ‘LVIC Fund’ continues to perform and 350k of 2
million was allocated into the stock market. In less than 60 days that
350k has increased to over 450k. In addition, a few of the private
placements that manager / member Praveen has overseen are now engaged in
additional financings at higher prices than those when we became
In the oil
project – Mark and Paul are in an incredibly strong cash position and that
bodes well for all involved. Their prudent management style of
sound negotiation and buying at a massive discount will pay off in volumes to
all those involved. At the moment the team is deep into negotiation on an
project led by Jeff Clark is being masterfully managed. You all received
an update that he is now leading the industry by moving his gyms
outside. We are already seeing a influx of new gym
members who were unable to work out anywhere else; however, he
is juggling regulations and with only one outdoor gym opened so far he is
working on the others to try to get results and generate income. I have
said it many times in the past and will say it again – Jeff will ensure we
see our way through this difficult time and I am confident we will prosper
and have several new opportunities because of the many other gyms going out of
business. This is a testament to Jeff’s capability as many other entities
are either gone or will not make it.
I took some
“heat’ after our last club meeting from “Big Brother” for having an event that
was in excess of 50 people and no face masks. Big brother is
watching and I am doing my best to keep up communications and balance it with
What I see
in the coming months is tremendous opportunities in the stock market and the
beaten up commodities sector as a result of a weak US dollar because
commodities are priced in US dollars. I am looking at specific
sectors that I believe will be beneficiaries. In the early 2000s, I
oversaw a $1 million investment in uranium stocks at under $8 a pound that
skyrocketed to over $120 a pound and many investors made huge sums of money by
investing in the portfolio and investing on their own following my
teachings. I believe there is potential again and I will
update members as I see opportunities.
many parts of the commercial real estate industry are in a
shambles. In about a year I believe we, as club members, will be
looking at “bottom feeding” at cap rates that will be better than we saw in the
residential real estate in 2010. These are just my quick thoughts on this week and as we prepare for the
upcoming opportunities. With a solid track record of success – please share
this narrative with friends and associates and post on your social
media. By growing our membership base, it will allow us to look at
larger deals with less competition. It will be several months – but it is
prudent we start to grow our membership base and all members will benefit with
extra buying power.
I wanted to follow up a little more on my
handle on BLM after our interaction yesterday and why I take issue with BLM and
communicating at the same time I support racial equality but not by bully means
regard to Black Lives Matter, one thing that I will say for them is that they
were brilliant in naming their group, because this means that, if you disagree
with them, they can say that you do not believe that black lives matter, simply
because that is the name of their group. It would be like if I created a group
and called it “The Sky Is Blue.” It could stand for all sorts of
nonsense, but, simply because of its name, if you disagree with it, I could
then say that you do not believe that the sky is blue. While this sounds crazy,
I have seen it over and over again; whenever people denounce the Black Lives
Matter group, those people are then condemned as racist for supposedly
believing that black lives do not, in fact, matter (again, just because that
happens to be the name of the group).
the Black Lives Matter group has little to do with the protection of black
lives (even putting aside all other lives, which deserve just as much
protection, one would think). The Black Lives Matter group certainly has
not been protecting black business owners from violent rioters. They do not
seem to care about black victims of gangs and violent crime, since defunding
the police will mean more such victims. (Maybe they would be more honest if
they called themselves CERTAIN Black Lives Matter, but I suppose that it does
not have the same ring to it.)
the Black Lives Matter group seems to stand for anarchy, violence, and the
total destruction of the freest society in history. In addition, they have even
taken several stances against Israel, the only free country in the Middle East,
one where minority rights are enshrined in the law and protected by the police
— in fact, the Israel Police just swore in its newest cops, which included both
an Orthodox Jewish man and a religiously observant Muslim woman; there is no
other country in the Middle East where that has happened. I suppose that this
is consistent with the Black Lives Matter group’s goal of destroying free
In the video below (beginning at 31 minutes) Mike address
‘head on’ his concerns with the
Black Lives Matter
He does not hold back
with his support of
“All Lives Matter”
and articulates the
short comings of the BLM movement – with no clear message or
When Mike said to
people prior to the meeting that one of his topics would be “All Lives
Matter” people said
“are you crazy
Mike has stated – he
will not be bullied by the BML movement and goes on to convey his position
that so many politicians, business leaders and celebrities are cowards –
unwilling or unable to stand up and be counted. It is sickening that people can be called racists for saying
Mike goes on to state
that he believes we are being bullied by the BLM Moment and when he asked
if the BLM movement uses bully tactics and if people were concerned with
this approach every hand in the room was raised..
It is the silent
majority that is afraid to speak up – but Mike did not hold back.
In addition, Mike gives guidance on how to best “play” the
current investing environment.
approximately a dozen articles (that I have written since January) I have
guided members to increase their position in gold and silver to at least 10% of
your net worth. For those who listened
gold hit a 9 year high last week and silver is showing strength and is in a
break out pattern to go higher.
I want to
remind members that during the January club meeting ‘Economic Outlook for 2020’
I discussed (for 90 minutes – which is on video) that, although not likely, a
Recession was possible and one of the 3 major reasons I discussed was a
possible pandemic – long before it was being reported in the news.
in April I told members when the oil futures market went ‘negative’ to load up
on oil ETFs and then sell when it hit $40 a barrel.
For those who listened and followed (and some of you did it) – is very likely you saw a doubling in value of your investments.
more than a decade it has been falsely reported in the media that — in a
ruling by the British Columbia Securities Commission (BCSC) against
Mike Lathigee — he had amassed personal gains as a result of the
collapse of his company.
is not the case, I owned more shares and options than any other
investor and when my company collapsed, I lost more than anyone else, I
was quite simply — wiped out’, said Lathigee.
been a long time since I’ve seen you. I hope this note finds you
well. I have not been able to attend your meetings of late.
However, I have enjoyed them in the past and always learned something very
received your email this past Wednesday & I viewed your video from sometime
in the fall. I cannot even begin to tell you how heart-wrenching it was
for me to hear you explain what has happened throughout your ordeal with the
BCSC. It is so sad for me to hear and when you spoke of your son and your
mom I just lost it. My heart just went out to you. I really am so
proud of you in standing up and being so willing to give full disclosure about
it all – including the personal things. I know the members who have stuck
by you all this time really must have appreciated and further admired you for
it. I was there with you in spirit, as I had seen or heard things along
the way, but knew from my past interaction with you that there was more to the
story than we knew
know how hard you have strived to make this club the greatest thing ever and
I’m honoured to know you even within the context of such a miserable
situation. I DO know that you are tough and I do agree with your belief
in NEVER NEVER NEVER Give Up so I know that one day you will recover in all
ways. No matter what the judge says, regarding these financial ‘affairs’,
you have many friends and family who will always stand by you and in the end –
that is what is most important.
will bring you through this and the members will hold your post for you while
you have to take a step back. I’m sure Steve Hawks will help you in all
ways, as well. Just take deep breaths and know – this is all for some
purpose. You show people what honour and integrity look like – no matter
do hope I will see you again one day and that I will have the ability to
participate in one of your great investments. I’ve always been a good
judge of character and I absolutely would trust you with my money. Now I
just need enough to let you try! I’m actually getting pretty
close. Things are definitely improving.
then my thoughts are with you, Celeste and the family.
Over the last several weeks we have seen a total disconnect between
“Main Street” and “Wall Street”. With the huge surge of bankruptcies,
we will see in the coming months a massive GDP nosedive and it made no
sense why stocks continued to move up with some “bonehead” analysts even
calling for the stock market to hit new highs.
The last few days we are starting to see a sell off and other than
specific stocks that would prosper during the covid crisis it remains
most prudent to retain a huge position in cash and 5% to 10% of your
portfolio in gold.
As members are very aware, I have advocated increasing your position in
gold especially since this crisis has begun. In fact, gold has been
the best performing asset class and even on a day like today where the
Dow is down over 500 points, gold is up. In fact, all sectors are down
and the only “green” on the screen is gold and some gold stocks. For
those of you who increased your position in gold, congratulations – you
have done well and for those members who have not, it is still a prudent
investment as a hedge to protect your portfolio.
I remain more convinced than ever in gold as an investment due to the
fact the government and Fed will provide more stimulus to support an
economy battered by the virus. The Fed, in fact, announced it is
buying bond exchange traded funds for the first time ever and so – with
more stimulus members should own more gold. Today the US central bank
started purchasing shares of ETFs that invest in bonds. The Fed is doing
this to improve market functioning due to the pandemic.
Again, as a reminder – gold benefits from all these stimuli because it
is considered a hedge against inflation and currency debasement. As we
talk more about a 2ndwave of global infections this will show
strong support for gold. Gold is up from approx. $1500 an ounce to
over $1700 an ounce since the beginning of the year. If we see a
market catastrophe, I see the price moving much higher which is exactly
why all members must own it.
There is a large selection of ETFs with a focus on gold and large gold
companies to select from. Stay away from exploration companies as there
are many gold producing companies that, in my opinion, are undervalued
and exploration companies are not a risk you have to take.
Here are the key indicators that I am watching closely to see what happens in the coming months:
A vaccine for Covid 19: Lots of players
are spending billions chasing the cure. Likely not to see success
until late 2021. Even when a vaccine is found it will take a few years
to vaccinate a global community.
Fed stimulus: This is always the most
difficult market condition as it is artificially created and prevents me
from knowing what will happen. If the Fed throws unlimited stimulus at
the stock market and the economy then “yes’ we will likely see stocks
continue to sustain value but please realize this is artificial demand
and why, again, I believe gold is the safe haven. However, when stocks
move up investors tend to show less interest in gold, and this is always
a major problem that gold has – with skyrocketing upwards. I believe
the Central Bankers hate to see gold prices rise quickly as it means
less confidence in the overall economy.
Oil Prices: I believe oil remains a good
bet because the major companies cannot make money at these prices – even
after the large percentage move up in oil prices over the last few
weeks. If we see success in reopening the economy then oil prices will
move much higher; however, you know my new favorite word is “boneheads”
and I hear these idiots saying, with confidence, that in the next year
oil to be back above $100 a barrel. The odds of this happening are
remote, and the possibility of a 2ndresurgence of the virus
will continue to keep downward pressure on oil. (Billionaire Naguib
Sawiris from Egypt, is calling for oil to hit $100 in 18 months or less)
US China Tensions: Phase 1 trade
negotiations between China and America have had to adjust due to the
virus. This has caused concern that US-China bilateral relations would
deteriorate. Another trade war will see huge downward pressure on stock
prices. Trump in his typically unpredictable manner (and possibly
after a bad night of sleep) could decide to wage trade war with more
tariffs on China – which would see stock markets fall quickly.
Many retailers will go bankrupt. A
further wave of bankruptcies in airlines, oil, hotels, travel and
tourism will result in significant job losses and debt defaults. This
will impact consumer spending – which is the largest part of the US
A (likely) 2ndWave of Covid: As we listen to Covid experts every day almost all are saying there is a (almost) certainty – of a 2ndwave
in the Fall after the hot summer months. I believe if this occurs
that, this time, we will have to keep the economy open – but people will
continue to change their personal behavior and buying habits which will
gravely impact the economy with the major impact being on lower income
people in retail, hospitality etc.
Given all these “headwind” forces at play, I stick by my guidance over the last few months:
Own Gold. Up to 10% of your total portfolio.
Maintain a very large position in cash. Over 50% of your portfolio and consider higher.
A small position in oil that will likely
continue to rise to higher levels. This is a trading position in which
to take profits on gains.
At the club we will be looking at Real
Estate opportunities in the coming months; however, the big caveat will
be – if the Fed stimulus is able to prevent deflation and an asset blow
up. If so then the Real Estate opportunity may not be what we hope for –
but current owners of properties will be happy. I see commercial
real estate property values collapsing and this might be an area we look
Finally, I just don’t understand where
some so-called experts get their information from. I have never been a
fan of Goldman Sachs for many reasons, but they are expecting US gross
domestic product growth of 4% in 2021 – and are very bullish on a market
recovery. Whenever, Goldman says this to the masses I am suspect
behind the scenes they doing the opposite. Remember – they were telling
people, in the last financial crisis, to buy subprime debt while they
were selling it out the back door. Goldman Sachs is probably the best
politically connected company in the United States with countless
Washington insiders. I would love to be a fly on the wall during some
of their high level executive meetings.
P.S. There is one good thing about COVID-19 and that is the fact that
“ambulance chasers’ (personal injury lawyers) have cut down on their
advertising due to the fact the majority of Americans are driving much
less. However, I don’t see Ed Burnstein, Adam Kutner or Glenn Lerner
in a food bank lineup…….yet.
Please forward this message on through your social media channels.
From the desk of Mike Lathigee
Sunday, April 19, 2020
We are seeing economic devastation not witnessed, to this degree, in our
lifetime. GDP has fallen off the cliff. Although the Fed has flooded
the market with liquidity to avoid deflation, I am very concerned that
we will not see a vaccine any time soon. The American stock market
keeps moving up and is behaving like it is in a bubble separated from
reality and not part of a global economic system (of economic
pain). Idiots on CNBC continue to say, “buy on dips” and “great buying
opportunities”. How can these money managers make so much money and
be so completely clueless?
It is insane that the S&P 500 is now
trading at 18.5x next year’s earnings. That’s right – the market is not
even considering 2020 earnings but trading on expectations of
2021. SORRY I HAVE TO WRITE THESE WORDS, “I CANNOT BELIEVE THIS IS
HAPPENING”. Even if we were to recover, and that is a big “if”, there
will still be massive bankruptcies and unemployment will not likely
return to low levels for at least a few years. The stock market is
fully priced in a ‘recovery’ and there is no upside at all to invest at
these levels unless you are a great stock picker – which few are (most
investors cannot even read the complicated financial statements). RUN
FOR THE HILLS AND TAKE ALL YOUR MONEY OUT OF THE STOCK MARKET!!! THE
RISK/REWARD IS TOO HEAVY ON THE SIDE OF RISK!!!
The only consideration for staying in the
stock market is that the Fed keeps printing money and they may soon
start to buy stock. If this is the case then we could see higher stock
prices but I would not want to take that gamble and I think Small
Business America stimulus should take priority over the “Wall Street
The Fed might be successful due to the
fact it has an unlimited budget to print money. Last week it was buying
ETF’S with exposure to the Junk Bond Market. That is right, the Fed was
buying JUNK BONDS and once again bailing out the superrich while Small
Business America (SBA) loans run out of money with only a fraction of
the businesses getting funding.
Remember members I have been SCREAMING
FOR 5 YEARS ABOUT THE SHARE BUY BACK SCAM! I now only hear commentary,
on a regular basis, about this self-dealing form of
racketeering. Very few people were talking about this situation for
the last several years – but this was a common theme of the Investment
Club of America.
Then in January I did the Annual Outlook
Presentation at our monthly club meeting and I said GET OUT OF THE STOCK
MARKET COMPLETELY. It was a 90-minute presentation and I talked about 3
reasons why we could see a Recession. I said a Recession was unlikely –
but more likely than anyone else around the world is talking
about. Further, I have been also SHOUTING BUY GOLD, BUY GOLD, BUY GOLD,
and that has been the number one performing asset class over the same
time frame since the club meeting in January.
Money managers are still making tens of
millions, or more, even with poor results! Bloody ridiculous
system! At the same time these bastards enriched themselves with share
buybacks and used all the free cashflow of the companies they were
running. Now they have their hands out for government bailouts. Just
look at the top 6 airlines using more than 98% of their free cash flow
on share buybacks and then, when the pandemic hit, they have no money in
their coffers and ask the American Tax Payer for $60 billion (to start
and more later). I say “let them fail” and the American Tax Payer
should receive equity at today’s valuation for any money given to these
companies. You will be sickened if you look at the massive bonuses (in
the hundreds of millions) these executives, at the major airlines, took
over the last 10 years and of course none of that will be liquidated
for their irresponsible management decisions.
The probability of a stock market
collapse is higher than it has ever been. As I said in a blog sent
last week – you can “trade” this market but being “long” you will have a
high probability of being wiped out – with the exception of gold.
If the virus is not contained and the
economy is reopened – only to be shut down again – the Fed will have no
tools left in its arsenal AND WE WILL SEE A DEPRESSION that will be the
GREATEST DEPRESSION EVER! Again, own 10% precious metals in your
portfolio and hope that it does not move up too quickly as that will
likely mean a collapse of almost every other asset class.
Yes, let me write it again, I am saying –
buy gold – but hope it does not go up too quickly as that means all
other assets have collapsed. Remember it is an insurance hedge for your
portfolio and now you need that more than ever!!
A few weeks ago, I suggested an oil trade
that did very well and then in a subsequent blog I guided members to
take profits and move on. I am watching oil closely as no energy
companies can exist with oil prices this low. There will be many
bankruptcies and in 2 or 3 years I believe those who invested in the
best oil stocks will see triple digit gains.
Investments in oil at these prices are
attractive – but individual stocks are still too risky. Eventually oil
prices will rise, and the best capitalized, best run companies will
My most important guidance however,
besides OWNING GOLD is to “hoard cash”. There is going to be
tremendous opportunities in many asset classes especially Real Estate as
the Asset Bubble has blown up. So, Hoard Cash!!!
I am also closely watching Insider Buying
and Insider Selling Reports. This is not the only tool that should be
used when trading, but it is very important. When I see a CEO “buy” or
“sell” a massive stock position it gets my attention to do some
I am writing more than ever in the history of the club because we cannot
have club meetings. This is the way I am staying connected to “MY
TRIBE”. I care about the membership and know I am doing all I can with
all we are involved in to ensure we get through this. I believe we are
much better positioned than the vast majority of small businesses.
P.S. Members if you find this info useful
please post it to all your social media platforms. We think our
message is important and the proper guidance that investors need.
Please see link below for easy posting?
Finally, I just do not see how we are
able to completely get out of this catastrophic situation – with so many
other countries around the world unable to control the virus. Brazil,
Indonesia, Thailand, Nicaragua, and many countries in Africa to name
just a few. Will the United States have to close its borders until
there is a vaccine because visitors from these countries will not have
proper safeguards in place? We shall see – but in our hometown of Vegas
we are unlikely to see many international visitors for at least a year
and I believe Nevada may see a set back that hits us harder than the
‘Great Recession’ of 10 years ago.