Kerry Lutz's--Financial Survival Network (general)

Joryn Jenkins is an attorney who specializes in family law and matrimonial law. She works to change the traditional system of divorce, which can be financially devastating, by advocating for collaborative divorce. She recounts a story of a client who spent over $250,000 in five years on legal fees and appeals, and emphasizes the importance of settling disputes to avoid litigation.

Chris Vermeulen of Technical Trader Ltd. believes that the banking crisis is leading to dark times in the financial markets, with banking stocks collapsing and people moving their money into physical metals like gold and silver. He suggests that people invest in physical metals for long-term security, and that gold and silver could skyrocket if the banking system collapses and people lose trust in paper money.

Paul Oster and Kerry Lutz discussed new scams and a new rule implemented by the current administration that will penalize creditworthy home buyers and reward dead beats. They discussed skimmers, shimmers, and cameras that are used to steal data from credit cards. They also discussed a proposal that will penalize creditworthy borrowers who are seeking FHA or federally backed mortgages. Paul suggested building new accounts and paying down credit card debt to raise credit scores.

Useful links

https://betterqualified.com

https://FinancialSurvivalNetwork.com

Summary:

Kerry Lutz and Craig Hemke discuss the effects of central bank digital currency, the importance of real interest rates in driving gold prices, and the lack of interest in mining shares over the past decade. They explain that negative real interest rates are beneficial for gold, and that the Fed is likely to cut rates, which will cause gold prices to break out. They also discuss how the Fed's rate cuts may not lead to lower mortgage rates, and how the mining sector has been underperforming for the past 12 years.

Key Links:

https://TFMetalsReport.com

https://FinancialSurvivalNetwork.com

Kerry Lutz and John Rubino discussed the current economic situation, which includes high unemployment, plunging lumber prices, and a shrinking money supply. They also discussed the possibility of a dollar shortage leading to deflation, and the potential for a cascade failure in the economy due to the tightening of monetary conditions. They also discussed the peculiar phenomenon of market crashes taking place during holidays.

Dan Calandro suggests that anyone can make money on Wall Street without a broker by following his 15-stock portfolio strategy outlined in his book, "Lose Your Broker, Not Your Money". He explains that the portfolio is designed to outperform the market averages with less risk, and that it is comprised of stocks from the consumer staples and services industries.

Kerry Lutz and Dennis Tubbergen discussed the upcoming recession and the implications of the Fed's actions. They concluded that the trend of inflation will likely lead to a deflationary collapse, and that people should prepare for both inflationary and deflationary environments by investing in tangible assets such as gold and silver, and highly rated corporate bonds.

To get Dennis's free book go to https://revenuesourcingbook.com

Visit our site https://FinancialSurvivalNetwork.com

Dee Carter, an expert in the oil patch, discussed the current state of the oil and gas industry with Kerry Lutz. Oil prices have been fluctuating between $77 and $78 per barrel, and natural gas prices are in the low $2 range. There is a divergence between the two prices, and analysts are worried about the economic outlook and the demand for the summertime. Opec countries are scaling back production in May, which will lead to an undersupply of oil and an increase in prices. There is also a large refinery expansion taking place in Houston, which will help offset the downturn in production. Natural gas prices are low due to a warm winter and more people converting to natural gas. Fracking will still be a major factor in natural gas production, but other methods of extraction are being explored.

Go to Dee's website at https://carterfinancial.com

Our is www.FinancialSurvivalNetwork.com

Kerry Lutz and Debbie Bloyd discussed a new rule that would require reliable borrowers to pay a fee for dead beats. They both agreed that it was a stupid and socialistic idea. The rule takes place on May 1, 2023 and no one knows what the fee will be and how it will be used by the government. It's helping to further unsettle the real estate market.  Real estate markets have changed over the past year, however, the public's perception and belief that they are entitled to a mortgage to purchase a home has not. 

Debbie is doing her best to educate the public but feels the message is just not getting through. Looking ahead she believes rates my come down slightly over the next year but that the economy will be in worse shape than it is now. Interesting times ahead. 

Find Debbie at: https://dlbmortgageservices.com

If you know where the Consumer is going, you will know where our economy is headed.

US Consumer Confidence declined in April from 104 to 101.

• The survey began on April 3 (about three weeks after the bank failures)

The Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—fell to 68.1 from 74.0.

• The Expectations Index has now remained below 80—the level associated with a recession within the next year

This type of reading points to Consumers spending less and saving more over the next year.

• One thing particularly concerning was that this Survey showed deterioration in expectations for consumers under 55 years of age whose households earned over $50,000. 

• • This is the group who tends to spend the most money.

IMO, the Consumer is very fearful right now and is starting to brace themselves for the next phase of this Recession… The last leg (Capitulation) is always the worst!

Many are expecting a quick down market followed by a recovery over the course of a few quarters. I personally see a much different story developing. 

• Rate hikes have already done their damage which I believe will lead to a ROLLING Recession that will play out over years of time.

IMO, it would be a major mistake to believe that the Banking Crisis is over… we just finished the first month.

• The 2008 Crashes of Lehman and Bear to Fannie and Freddie unfolded over a year's time... we've just finished the first month.

• Ex: Local Regionals are responsible for about 70% of lending to Corporations and Commercial Real Estate. 

• They have far less capital than then before as fears of default have begun and Treasuries are paying so much more and no FDIC limits. 

3 Primary Areas that Retirees need to focus on now.

1. Income Planning: I just got back from the UK and the Taxi drivers are telling me that they are choosing between buying food and paying for utilities. 

2. 1. Personal CPI is critical… many do not have a Budget and therefore do not understand their Spending Plan

   1. The strategies that got us here may leave us very short in retirement.

      1. BONDS can lose money in 5 different ways… Would be a really bad thing if Defaults or Chapter 11’s began again like they did in highly rated companies like we saw in ‘08

   2. Ex: Buy and Hold had its worst year as both Stocks and Bonds had their worst year next to 2008.

3. Investing: The goal is to Ride Bulls and Tame Bears™ 70-80% of the gain while missing 70-80% of the pain. 

   1. We have a MAJOR DEBT PROBLEM in the US which is going to result in massive Tax Increases.

      1. The goal is to keep as much as possible.

      2. What accounts and What amounts that we need to W/D from?

      3. Tax Advantaged Investing? 

      4. Real Estate options… still have a Mortgage? Options with Rentals? 

   2. Many are not aware that we have 2yrs 8m till the TCJA expires. 

4. Tax Advantaged Planning

The point is that the World is Changing and this is not the time to be falling asleep at the wheel. 

Connect with David at https://myspg.com

We sat down with Holly Morphew to discuss her book, Simple Wealth, which is a guide to creating personal wealth and reaching early financial independence. Holly shared her own experience of going from living paycheck to paycheck to becoming financially independent in her thirties, and discussed her strategies for creating multiple streams of income, including investing in cash-flowing real estate.

Summary:
The potential for an intense recession or global financial meltdown increases by the day, and we are living amongst more uncertainty than ever before. How do we make well-informed investments during a time like this, given how unpredictable the economy is? John Jennings, the author of The Uncertainty Solution, tackles this topic in his latest book, and appears in this episode to share his knowledge. Interestingly, he assures us that we should not be preoccupied with predicting the moves of the stock market; nor should we make changes to our investments based on what we think the economy is going to do. Rather, it’s important to acknowledge our uncertainty about the future—drawing upon the financial instability hypothesis—and to make sound decisions in the face of uncertainty. Tune in for more insight. 

Useful Links:
Financial Survival Network
John M. Jennings
The Uncertainty Solution

Summary:
The new CPI number has come out, but what aren’t they telling us? Eddy Gifford joins us in this episode to talk about the ways in which the CPI measurement has changed over time, and how to strategize investments based on this knowledge. Overall, it’s important to diversify your portfolio, and even more important to have an exit strategy for everything you’re investing in. Tune in for more expert insight from Eddy. 

Useful Links:
Financial Survival Network
Tactive Wealth - Eddy Gifford

Summary:

John Rubino and Kerry Lutz discussed the implications of the US becoming a "banana republic" and the potential for a global gold standard. They also discussed the trend of governments responding to the coming recession with easing, which could lead to inflation and the decline of fiat currencies. Lastly, they discussed the need for a transparent and verifiable gold-backed currency.

Useful Links:

Financial Survival Network
John Rubino Substack

Summary:
If you’re looking for new opportunities to passively invest, you won’t want to miss this episode. Charles Carillo, a passive investor of numerous asset classes, joins us to talk about a specific sector to keep an eye on in the current economy: real estate. Charles likes investing in inflation resistant industries that are tax efficient, and explains how real estate checks these boxes—making the industry that much more opportunistic. Charles dives into some of his best investments as well as some of the mistakes he made early on, and provides some valuable pointers for those learning about real estate investing. Tune in for more. 

Useful Links:
Financial Survival Network
Harborside Partners

Summary:

The central banks are suppressing gold and silver prices to accumulate physical assets, while the drawdown of supply by the big money is causing a shortage. This is causing people to move away from regional banks and into commercial banks, which could lead to the abolishment of banks and the introduction of a Central Bank Digital Currency.

Summary:
What do you do to prepare for a recession? Grant Bledsoe comes on the show to address this topic; specializing in financial planning for business owners, he explains a lot of the struggles that businesses encounter when handing their cash. A lot of small businesses struggle with knowing when to take cash out, how much to pay themselves, and how much to set aside for operating purposes. Grant provides useful tips for entrepreneurs and business owners, so be sure to tune in for more information. 

Useful Links:
Financial Survival Network
Above The Canopy

Today Trillion Energy's (🇺🇸TRLEF — 🇨🇦TCF) CEO Arthur Halleran joined us for a sponsor update and discussed the following key points in Trillion's transition to a major Black Sea natural gas producer:

• How a Mothballed Gas Field Became a Cash Cow 
• Drilling and Production of Wells 
• Disconnect between gas production and share value 
• Expansion Potential for Trillion Energy

Trillion has successfully drilled four wells in Turkey's Black Sea, the process doubling their cash flow. The field is expected to produce natural gas for at least the next 20 years, with plans to drill up to 50 more wells in the future. 

CEO Halleran discussed the potential for Trillion Energy to expand their production and acquire adjoining blocks that will leverage its $600 million existing infrastructure. He also discussed the potential for increased reserves and the possibility of capturing higher gas prices in the future.

I still personally believe that Trillion Energy is the most undervalued play I have seen in my 40 years of investing and have been holding on to my shares.

Sign up for notifications at https://TrillionEnergy.com

Ticker symbols: 🇺🇸TRLEF — 🇨🇦TCF

Summary:
What skills are essential to becoming a successful entrepreneur? Bestselling author and change agent Aaron Bare comes on the show to inform us about his experience scaling up as an entrepreneur. He shares how he developed an entrepreneurial spirit, acquiring business knowledge from his Father, who opened a Subway franchise. Entrepreneurs today, however, are driven by different ambitions; while revenue is crucial, Aaron points out that a number of people starting their own businesses are motivated by purpose and passion rather than money. Aaron shares a number of useful tips for building strong entrepreneurial habits—which is the mission of his transformational platform for individuals in business. Tune in for more insight. 

Useful Links:
Financial Survival Network
Aaron Bare
XMBA

Summary:
Dan Thompson joins us in this episode to discuss his learnings from his career as a stock broker, and to talk about how to stop your portfolio from suffering devastating losses. Fed up with the promises of Wall Street, Dan started Wise Money Strategies to offer investors ways to divert from traditional financial planning methods and use assets that produce income. Tune in to hear about some of the buying opportunities that fall within this strategy, and how to successfully leverage these assets. 

Useful Links:
Financial Survival Network
Wise Money Tools

Summary:
Certain markets are getting hit harder than others - will we see another housing crash, financial crisis, or mortgage collapse? That’s the trillion dollar question, and Jason Hartman joins us in this episode to address what’s at stake. Jason describes the different types of markets—naming three major categories and their pricing, which is of particular importance. With the average price of entry level homes going up, the new home market is looking a lot different, and Jason says that distressed sellers will be the necessary ingredient for a real estate crash. Tune in for more information about where the real estate market is headed. 

Useful Links:
Financial Survival Network
Jason Hartman

Summary:
When it comes to making money in this economy, you can go to Wall Street and hope for the best, or you can look for alternative investments. This episode’s guest specializes in the latter;  Jack Krupey sits down with us to discuss some of these opportunities, stressing that it is especially important right now to diversify and capitalize on the existing opportunity. He’s been in real estate for 20 years and experienced multiple crashes and cycles, and says that he does not foresee the same residential real estate crash of ’08 unfolding again. Jack explains some of the trends currently taking place, and names some alternative investment areas to pay attention to as rates go up. Tune in for more insight. 

Useful Links:
Financial Survival Network
JKAM Investments

Summary:
OPEC is cutting back their supply by 1.6 million barrels per day, and there has been an increased focus on the recent personal consumption expenditure number. Should we be cheering for the inflation numbers, or should we be bracing ourselves for prolonged economic deterioration? Here to discuss this is Mark Falter, the President of Mid-American Wealth Advisory Group, and he contends that we are going to be battling inflation for quite some time—similar to the inflationary cycle from 1965-1982. We’re left wondering how many more times the Fed is going to raise rates, and how much they can actually do to fix the current situation. How does one invest in inflation and create streams of revenue amidst uncertainty in the markets? Tune in to find out. 

Useful Links:
Financial Survival Network
The Retirement Income Hour

Summary:
Tax time is right around the corner; if you run a small business and are interested in receiving employee retention credit of up to $26,000 per employee, you won’t want to miss this episode. Steve Moskowitz sits down with me to discuss the ERC program, which can provide significant grants to businesses of 500 employees or less that have had a drop in gross revenue or experienced a more than nominal reduction in production/revenue due to COVID restrictions. Unlike the PPP, ERC is an unlimited fund, so it will be rewarded to any small business that provides all of the correct documentation and meets the criteria. Be sure to listen in for more details.

Useful Links:
Financial Survival Network
Moskowitz LLP