Aug 27, 2021
Summary:
Where is money flowing from, and where is it going? Today, Jerry
Robinson and I get on the podcast to address this question in
regard to foreign affairs, cryptocurrency, and the precious metals.
Robinson and I discuss some of our most universal pointers for
building wealth, which at its core is achieved by diversifying your
investments. Tune in to hear specific examples of how this sort of
investing looks on a larger scale, and to learn how you can acquire
more information and resources on this topic.
Highlights:
-Where is the money flowing from, and where is it going?
-Understanding money flow allows you to view the world from another
perspective
-China’s fortunes have shifted recently. For years, they have
outsmarted the US and have been underestimated by Washington
-The top media outlets spent five whole minutes talking about
Afghanistan last year. This year, there is breathless reporting on
Afghanistan
-The US has miscalculated China’s ambitions, as well as in other
military missions around the world
-China is negotiating new deals with Afghanistan, and using their
soft power to do so
-Immanuel Kant’s saying that ‘commerce prevents war’ is relevant in
this circumstance
-China is using economics, while the US is using brute force and
creating more enemies
-China is a producer, while the US is an expert consumer. We need
to get ready to call ourselves #2 in reference to them
-Robinson’s outlook on crypto is that it is an asset class. If
you’re going to be in the asset class—which you should—you should
be limited in how much you expose yourself to
-Social media presents a full blown display of the ignorance around
investing
-People often look at asset classes and think they are only going
up; thus, they opt to go all in, which isn’t necessarily a good
idea.
-Put a nickel out of every dollar into the best cryptocurrencies
every two weeks
-We expect Bitcoin to reach a new high by the end of the year,
because Bitcoin plays out according to a cycle—which is quite
discernible
-It will probably fizzle out between Q1 and Q2 in 2022
-Gold and silver remain in long term up-trends
-New long term down trends arise for SIL and GBX
-In times of mass inflation, gold and silver are the hedges
-Gold and silver have not lost their inflationary statuses, but
this year has produced a bit of an unpredictable outcome
-Follow the trends/money/in-flows, and prioritize these above mere
opinion
-There used to be a connection between inflation and interest
rates
-Rising prices are most likely going to accelerate over the next 50
years, so it is necessary to take action now to protect your
finances. Washington is not changing their thinking, so we must
change ours
-The only way to protect yourself is to have a financial plan
rooted not in opinion, but in real logic and history
-Don’t go all in on one thing—the government can alter rules at any
time, so it is important to diversify your investments
Useful Links:
Financial Survival Network
Follow the Money