Watch Al discuss his views of the Market and resources on BNN from New York City.

From the Hard Assets Investment Conference in New York City, Al and Rick Rule of Sprott Asset Management discuss the latest turmoil in Europe and how the consequences might affect gold in the near to mid term.

Al and Chris Bond of Passport Potash catch up at the New York Hard Assets Investment Conference and discuss the recent news of Passport acquiring a large new land package on their Holbrook Basin Potash Project.

In this show Al discusses:

• Segment 1 – Peter Grandich discusses personal values and the upcoming election.
• Segment 2 and Segment 3 – Rick Ackerman and constitutional attorney Michael Connelly give their take on current governmental policies.
• Segment 4 – Jeff Deist wraps up the first hour’s discussion on politics.
• Segment 5 – Big Al talks gold with Richard “Doc” Postma.
• Segment 6 – Big Al and George Brown discuss their views on the future of gold and silver and the related stocks.
• Segment 7 – Big Al discusses Westhaven Ventures and Rye Patch Gold.
• Segment 8 – Marin Katusa, from Casey Research, discusses his criteria for investing in resource companies.

Check out the EKM website for more audio and articles here

Enjoy!

Happy Birthday… NOT!

The greatest blessing in my life, my daughter Tara, is 20 years old today. While witnessing her birth through today has brought joy only the Creator of All That Is Good in the Universe can give, during this period I’ve also watched my country spiral downward economically, socially and spiritually. Both sides of the political aisle are responsible and nowhere is that more true than in the grave financial condition we find ourselves in as a nation.

I have no cabins in West Virginia to sell, nor dry food supplies, guns or ammo but a sense of obligation to honor my Creator by sharing the knowledge He allowed this awful sinner to gather in almost 30 years in and around the financial arena. I can assure you that what I’m about to state is not “good for business,” nor will it win friends and influence people. In fact, most will not only wish they never read it, but just about everyone will literally pray I end up dead wrong.

My wonderful daughter, and the sons and daughters (and grandchildren, too) of those who read this are going to pay an enormous price for decades of over indulgences and total mismanagement by government and individuals. Better days for these generations cannot and will not be possible without severe economic and social pain. Our founding fathers did all they could to set in place measures that were to prevent such occurrences, but never-the-less here we are.

What we have witnessed in Greece and elsewhere is coming to the shores of America. And while the national election may either accelerate it or momentarily slow it down, make no mistake about it, the die has been cast and all the political rhetoric and rare actual good political deeds can’t prevent the inevitable.

I’m not the first person to say this, and thankfully I won’t be the last. The fact is America is bankrupted financially (and well on its way to socially, politically and spiritually, if not there already). The saddest point of this fact is virtually all Americans either don’t grasp it or if they do, hope it’s only a bad dream and they shall wake up and all shall be well again. While there have been a few brave politicians who have been willing to tell it like it is, and even fewer Wall Street types (perhaps that’s due to the fact that there’s not much in it for them to do so unless they sell cabins, dry food and ammo, and yes, gold), the ignorance of the nation is not surprising when you look at how other people in countries now already well into the nightmare also lived in denial.

The following video has made the dire financial situation easy to understand in layman’s terms. But don’t let the rather simplistic explanation make the enormity of the troubles any less than what they are.

I pray you took the time to not only watch it but to honor the producer of it and forward it to as many people you can.

As the video stated, it’s going to be painful and across the board. Unfortunately, class warfare is becoming more and more likely. It shall not only be the so-called 1% versus the 99%, but it shall be young against old.

The 55-and-over-segment of our population controls over 80% of what’s left of the wealth in America. There are now more people over 65 than under 18. In the last decade or so, the older (senior) segment of our population have seen two of the three areas of their financial and personal being take an enormous hit:

• Those who retired a decade or so ago and those who continued to retire up until fairly recently had assumed the ability to earn interest on the savings much, much higher than the 1%, 2% they can now. This caused many to seek out far riskier avenues, and many saw significant losses in principle (including being caught up in the mortgage crisis). There’s little chance that significantly higher and safe yields are coming their way as we insanely remain in a non-stop monetary printing press mode.
• From a decade or more before my daughter was born and for several years after her birth, we would hear how over time stocks and home values only go up. I doubt many of us would accept that belief without any reservation any more. By not doing so for many years now, real wealth and those who were dependent upon seeing that pass to them have taken a big hit.
• The last of the good old days is soon to be just a fading memory for the single most important segment of our population – superb medical care at a very reasonable personal cost. Medicare can’t continue anywhere near as it has been at a time when those who had such expectations are being hit hard due to the above.

How we go about dealing with the inevitable pain is going to go a long way on how the senior segment of our population chooses to go about it. They tend to take voting more seriously and, as noted earlier, control much of the wealth.

If that isn’t enough, there’s another segment that I fully anticipate will dig in their heels for their pound of flesh and soon may get to the point where there can never be a real solution. As this video accurately notes, we’re fast approaching the point where more than 50% of our population shall be directly or indirectly dependent on being employed by the government. How on earth can we expect those whose very livelihoods depend on big government vote to shrink it? Throw in all the Americans who depend on some sort of government support and we’re very close to a tipping point I assure you doesn’t have a happy ending.

Thankfully, a small but growing part of the population has looked under the carpet and seen all that has been swept under there. They have begun to understand the true ramifications of decades of excess and mismanagement.

The poster child for all that is wrong, IMHO, is our need for public storage facilities. America has too much stuff. They’ve bought into the lie that more money and things equal more happiness. Our parents and grandparents never needed public storage. Are we any happier than them?

There’s no quick fix but I can tell you we’ll know we’re finally on the right road to recovery when we see public storage facilities closing versus continuously opening up everywhere we go.

If what I said up until now hasn’t made you wish you never read this far, some of you will surely find my last comment to be the straw that broke your back: America’s only real hope is to do what our Founding Fathers did and return Almighty God back to His rightful place as the true leader of this once great country. No other solution is doable.

Happy Birthday, Tara … I think.

Note: Make sure you watch the two videos linked in this commentary

VANCOUVER, BRITISH COLUMBIA–(Marketwire – May 8, 2012) – New Zealand Energy Corp. (TSX VENTURE:NZ)(OTCQX:NZERF) (“NZEC” or the “Company”) has been granted an extension of land to its Eltham Permit (PEP 51150) in the Taranaki Basin of New Zealand’s North Island.

New Zealand Petroleum and Minerals has granted NZEC an additional 700 acres (2.83 km2) in the northwest corner of the Eltham Permit. The land extension gives NZEC control over two prospects that were overlapping the Eltham Permit boundary, and will allow NZEC to drill the prospects from the optimal location. NZEC will proceed to obtain land access agreements and resource consents and expects to drill the prospects as part of the Company’s previously announced eight well exploration program in the second half of 2012.

NZEC has two wells in production on its Eltham Permit, Copper Moki-1 and Copper Moki-2, and is currently testing Copper Moki-3 and Copper Moki-4. NZEC has identified six prospects on 3D seismic with the expectation of establishing one pad per prospect. Subject to success, two to four wells could be drilled per pad. NZEC has also identified leads on 2D seismic that will be further defined with the 100 km2 3D seismic survey that is currently being acquired. NZEC has entered into a rig contract to drill up to eight wells in the second half of 2012, focusing on the Mt. Messenger, Urenui and Moki formations. With a fully-funded treasury, the Company is evaluating opportunities to accelerate its exploration program, including drilling additional wells that may target the deeper Tikorangi and Kapuni formations.

On behalf of the Board of Directors

John Proust, Chief Executive Officer & Director

About New Zealand Energy Corp.

NZEC is an oil and natural gas company engaged in the production, development and exploration of petroleum and natural gas assets in New Zealand. NZEC’s property portfolio collectively covers nearly two million acres of conventional and unconventional prospects in the Taranaki Basin and East Coast Basin of New Zealand’s North Island. The Company’s management team has extensive experience exploring and developing oil and natural gas fields in New Zealand and Canada, and takes a multi-disciplinary approach to value creation with a track record of successful discoveries. NZEC plans to add shareholder value by executing a technically disciplined exploration and development program focused on the onshore and offshore oil and natural gas resources in the politically and fiscally stable country of New Zealand. NZEC is listed on the TSX Venture Exchange under the symbol NZ and on the OTCQX International under the symbol NZERF. More information is available at www.newzealandenergy.com or by emailing info@newzealandenergy.com.

Forward-looking Statements

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “will be”, “evaluating”, “expects” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including without limitation, the speculative nature of exploration, appraisal and development of oil and natural gas properties; uncertainties associated with estimating oil and natural gas resources; uncertainties in both daily and long-term production rates and resulting cash flow; volatility in market prices for oil and natural gas; changes in the cost of operations, including costs of extracting and delivering oil and natural gas to market, that affect potential profitability of oil and natural gas exploration; the need to obtain various approvals before exploring and producing oil and natural gas resources; uncertainty in the timing of receipt of permits and the Company’s ability to extend the permits if required; exploration hazards and risks inherent in oil and natural gas exploration; operating hazards and risks inherent in oil and natural gas operations; market conditions that prevent the Company from raising the funds necessary for exploration and development on acceptable terms or at all; global financial market events that cause significant volatility in commodity prices; unexpected costs or liabilities for environmental matters; competition for, among other things, capital, acquisitions of resources, skilled personnel, and access to equipment and services required for exploration, development and production; changes in exchange rates, laws of New Zealand or laws of Canada affecting foreign trade, taxation and investment; failure to realize the anticipated benefits of acquisitions; and other factors as disclosed in documents released by NZEC as part of its continuous disclosure obligations. Information concerning reserves may also be deemed to be forward looking as estimates imply that the reserves described can be profitably produced in the future. NZEC believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. Such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release and NZEC does not undertake to update any forward-looking statements that are contained in this news release, except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:

        New Zealand Energy Corp.

        John Proust

        Chief Executive Officer & Director

        North American toll-free: 1-855-601-2010

        New Zealand Energy Corp.

        Bruce McIntyre

        President & Director

        North American toll-free: 1-855-601-2010

        info@newzealandenergy.com

        www.newzealandenergy.com

Source: New Zealand Energy Corp.