Summary:
The markets were down on Black Friday, and I sit down with John Rubino to discuss this phenomenon along with all of the other driving factors in the economy that led to this decline. The markets seemed to be a bit spooked, and they’re back up now, but we could be in for a volatile year. Tune in for more.

Highlights:
-In terms of the market, everything was down on Black Friday
-The ferocity of the decline was quite intense. When a market is this overvalued, however, falls like that are expected
-There was a cause for the market tanking, and it was the announcement of the new variant of the virus. This spooked the markets
-The markets are back up today
-This could be a choppy, volatile year, and Friday’s action seems like it could be the new normal
-Germany’s inflation is at a modern record high. The question is, how much further does this have to go for them to make a major decision going forward?
-Used cars have become relatively more valuable, and people are feeling pressured to buy houses
-The inflationary psychology is turning into an inflationary pathology
-When people start to think that the world is inflationary, they start to buy precious metals
-Inflation is now as high as it was in the 70s
-As we broaden our understanding of crypto and metals, we’ll realize that they’re similar and on the same side of history, but they are not the same asset

Useful Links:
Financial Survival Network
Dollar Collapse
Here’s What Will Spook Markets | John Rubino
John Rubino: Why Everyone Should Own This

Direct download: John_Rubino_29.Nov.21.mp3
Category:general -- posted at: 8:01am EST

Summary:
Lack of financial education creates some of the most pressing problems that people face in their lives. I sit down with bestselling author and financial expert John MacGregor to discuss how to tackle this, and what you can do to get on the right track. When it comes to finances, it can be helpful to learn from the mistakes of others and look for advice on how to avoid financial mistakes. Tune in to hear more on the philosophy behind better financial decision making and to learn how you can change your mindset and practices.

Highlights:
-Lack of financial education is causing a lot of problems amongst individuals
-The percentage of people living paycheck to paycheck has gone up significantly
-Many people know what to do with their money but don’t do it—it’s more of a behavioral problem
-Learning from people’s mistakes is genius—it’s important to learn why people suffer financially and how to avoid this
-There are many underlying beliefs that make us form bad spending habits, and it causes people to get stuck in a bad cycle
-Other aspects of your life improve as well when you improve your financial habits and mindset
-“Above the line, below the line” is a mentality that helps
-Many people think that there is a quick fix to your financial problems—or hope in a box
-Small things you do on a daily basis can transcend your entire life
-Be, do, and have—it’s important to do all of these things
-For many people, it’s not enough of a priority to make the changes they need to make until it’s too late
-It’s important to understand what drives people to make specific financial decisions, and what their beliefs are
-There’s a direct correlation between financial disorganization and financial destruction
-Hope is not a retirement strategy—it’s important to start thinking and planning now for your future

Useful Links:
Financial Survival Network
John MacGregor
Bullish on Gold? Why Not Own the Gold Mine? – Robert Kiyosaki, Peter Schiff, John MacGregor
Wall Street is Gambling with Your 401(k) – Robert Kiyosaki, Ted Siedle, and John MacGregor

Direct download: John_MacGregor_29.Nov.21.mp3
Category:general -- posted at: 8:00am EST

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