Are we losing freedom as a product of health issues and government mandates? In today’s podcast, George and I tackle freedom, health, and finances to collectively consider the cost-benefit analysis of government involvement: how does this affect our overall well-being and happiness? We get into the financial consequences of some of the current world issues, in which the government’s deficit spending may reflect quantitative easing—which could result in continual inflation. Tune in today to get an interesting perspective on some of the most pressing global considerations right now, and to probe into what health and wealth mean in an era of immense change and regulation.

-Are we losing freedom? Is it the biggest casualty of the health issues we’ve seen over the years?
-We are encouraging people to think about what wealth is
-From an economic standpoint, goods and services make money count
-When you look at policies, we must ask ourselves if they produce more or fewer goods and services
-We make ourselves poorer if policies produce fewer
-Even if you have a substantial net worth, limitations on where you can go/what you can do de-value these assets.
-Freedom and health go hand in hand
-If you are a proponent of increased government involvement for the sake of safety, you must ask yourself: at what point will you believe the government has gone too far
-At a certain point, you must do a cost-benefit analysis
-there is a point where the government can take away so much of our freedom to where the costs outweigh the benefits
-Everything being done right now by governments in the name of health does not necessarily promote overall happiness and well-being.
-At what point is life not worth living? We can keep ourselves safe for the rest of our lives by separating from the outside world, but is that life worth living?
-We could see a scenario where the dollar goes up on the DXY, but that doesn’t mean that the cost of general goods will go up or down—nor will the stock market necessarily go up or down
-From a financial standpoint, people need to consider what is going to happen with government spending
-Dollars come out of economy and are re-distributed
-What has happened in 2020 and 2021? Consumer price inflation
-Is the government going to continue deficit spending?
-Quantitative easing (QE)
-Government deficit spending may resemble QE—must increase to achieve the desired effect on the economy, which puts it in a state of comatose
-General goods/necessities will increase in price
-Real estate - ideal to own at 30 year fixed rate mortgage
-CDC’s control over eviction moratoriums
-Foot in the door theory - when people accept a smaller request, they are more likely to accept a larger request later
-Foot in the door theory holds for things like COVID guidelines
-Is this circumstance simply the global elite using the foot in the door theory?

Useful Links:
George Gammon
Financial Survival Network

Direct download: George_Gammon_11.Aug.21.mp3
Category:general -- posted at: 8:01am EDT

Is the gold slam over, or is there still more to go? Today, Chris and I comment on the recent ding to the metals as well as updates on the dollar and Bitcoin to catch up on currency. As expected, there is a lot of panic around the circumstances of the metals, but this is a ‘golden opportunity’ to buy. The dollar is back up to resistance trying to break out, and could perhaps rally about 2% from where it is now. In the case of Bitcoin, it’s back on an up trend now, and can be projected by way of technical analysis. Tune in to get clued up on all things currency and to hear Chris give us some valuable insight on trends in monetary value.

-It’s been a bloodbath in the gold markets
-Metals are getting clobbered—gold was down 5% at one point
-A lot of people are nervous; gold has fallen so much in the last month and a half and has many selling
-While people are panicking, it’s a ‘golden opportunity’
-This should resolve to the upside eventually, but it has to work itself up
-Gold has been trading sideways and drifting lower, which is a strong pattern
-Since last August, we’ve seen Silver trade sideways
-This is a great opportunity for precious medals investors to add to their stacks
-These patterns point to higher prices
-Based on the patterns, it will probably take 1-2 years to see their break-out in run
-What’s going on with the dollar? When you look at the chart, it has been trying to put in a bottom for all of 2021
-dollar is back up to resistance, trying to break out
-we could see the USD rally about 2% from where it is now
-Chris thinks the dollar will be topping out at the next resistance level
-What are we seeing with Bitcoin? Is the damage over? Bitcoin corrected about 54% from the highs. It has been trading sideways, trying to carve out a bottom
-Which way is this pattern going to break? It’s back into an up trend now
-We can use technical analysis to figure out where this upside is going to start
-Fibonacci extension can tell us where the next resistance level is going to be

Useful Links:
The Technical Traders
Financial Survival Network

Direct download: Chris_Vermeulen_11.Aug.21.mp3
Category:general -- posted at: 8:00am EDT






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