Kerry Lutz's--Financial Survival Network

Summary:
Have you given thought to the digitization of carbon markets? Ben Jeffreys, the CEO of ATEC comes on the show to discuss carbon credits and how this concept contributes to the renewable energy transition. ATEC’s mission to decarbonize cooking is just one of the strategies that can aid in offsetting emissions, and the results of these moves towards renewable energy could be seen as early as 2040. Tune in for more information.

Highlights:
-What do we think of digitization and carbon markets?
-Carbon credits underscores a lot of what we don’t actually know about carbon emissions and digitization
-Carbon credit is essentially the ability of offset your emissions and pay for that privilege
-We’re trying to transition our entire energy structure, which is no small feat
-Most energy transitions, historically, have been taken care of by the market
-Is it worth bankrupting the world to go about this transition, or do we let the market take care of it?
-If you look at what is happening now, the market is already taking care of this transition
-How do you make money off of this? Many companies have committed to the energy transition to renewable resources
-What does a carbon credit go for? It fluctuates, but it’s sitting around $9-$10 per ton
-2040 is probably a realistic goal for when this transition will come to fruition
-Globally, we are trying to bring universal access to energy
-The transition is not coming because of government policies, but in spite of government policies

Useful Links:
Financial Survival Network
ATEC

Summary:
Rates are going up for the foreseeable future. What does this mean for unemployment, the forthcoming recession, and our economic well being? Jim Welsh has conducted thorough research on rate increases and unemployment, and comes on the show to share his finds. Using data trends that span back to the 1950s, Jim projects what the near future will look like—with a recession guaranteed in 2023—and notes some of the looming indications of this global recession.

Highlights:
-Jim starts at the year 1950, looking at inflation rates and increase in unemployment rates
-The fed funds rate went up 90% from where it started from
-The stock market is not cut out for an unemployment rate above 5%
-The risk of recession has been high, and now that the Fed is above neutral, we’ll see a recession in 2023
-Most of the people with savings are those in the upper 50% of earners—we’re seeing unbalanced consumers
-There are some real stress areas in the economy, but those are the reasons why a recession starting this year wasn’t likely. Rather, we will see one next year
-Europe’s energy prices are extremely indicative of a recession taking place next year

Useful Links:
Financial Survival Network
Macro Tides