Summary:
Is flipping houses the way to go, or is commercial real estate a more opportunistic pursuit? Listen to today’s episode to listen to myself and Mike Sowers discuss some of the benefits in flipping commercial real estate—and get insider tips on how to do this effectively. Sowers emphasizes the value in focusing on deals that add significant value to a property; one must consider what it is going to be worth to someone who will occupy it, as well as what comparable properties sell for. Sowers breaks down some of the strategies for mitigating risk within this industry, and provides an economical justification for investing in properties such as office spaces.

Highlights:
-It is possible to get higher returns investing in commercial real estate?
-Is flipping houses all it’s cracked up to be? It is a great first step for many investors. However, you don’t have to go into flipping houses to start—you can go directly into flipping commercial and skip decades of steps.
-There are a lot of sectors of commercial real estate, which can be broken into four categories
-Within the categories, there are different niches
-Sowers’ business is interested in deals that will add significant value to the property
-Only buying properties where you can create value that worth more than it costed to create the value
-There are two ways to sell/value real estate: what is it going to be worth to someone who is going to buy/occupy it? What do comparable properties sell for?
-A financial buyer/tenant values properties differently
-It can be beneficial to buy multi-tenant properties that have problems (i.e. property/people problems, partnership disputes, etc.)
-Focus on properties where you can increase the income stream
-Good strategies and system mitigate risk
-Sowers is particularly interested in the suburban office sector, because it has a much higher perceived risk than real risk
-From a demand standpoint, apartments feel less risky to invest in, but from an economic standpoint they pose a much higher risk
-How does this play into the work-from-home setting? Some of these shifts are taking place, but they’re not as extreme as people think they are. This transition actually makes it a good time to buy office spaces at lower costs, and still rent them out for a higher cost.
-There are different incentives you can offer to get people to decide to lease (i.e. free rent for a small period of time)
-Sowers targets small business owners
-Being able to accurately predict the future value of a property and estimating the costs to do so are both required to be able to successfully flip commercial real estate
-The active and passive partners have different roles in the process and maintain a symbiotic relationship


Useful Links:
Financial Survival Network
Mike's Book
Get in touch with Mike

Direct download: Mike_Sowers_25.Aug.21.mp3
Category:general -- posted at: 8:01am EDT

Summary:
All of the madness is coming to a head in the housing market, so today, Wolf Richter and I get on the podcast to discuss what exactly is happening with buying and selling homes as a result of the current economy. San Francisco in particular is experiencing an interesting circumstance: seasonality is returning, which has been absent for most of the pandemic. We are seeing a rising market as well as individuals eagerly spending more money, which is stimulus driven. Tune in to hear about the interesting dichotomy between the economy and housing market, and what is to come in this industry.

Highlights:
-All of the madness is coming to a head in the housing market
-People are reducing their asking prices—how can this be?
-Every local market is different. In San Francisco, it is dominated by condos and has not gone anywhere in three years in terms of price. House prices have sky rocketed with a medium price at $2 million, dropping by 8% in July
-Seasonality is returning, which we have not seen throughout the pandemic
-Medium price dipped for single family houses, and for condos it jumped
-The volume fell quite a bit; prices dipped a bit from the peak
-There are very elevated prices at the moment, and this poses an issue as incomes do not match
-Drops in prices bring buyers out
-A lot of supply is coming on the market — this is the most new houses we’ve seen on the market since 2008
-Mortgage rates are still extremely low by historical standards. If mortgage rates go up, what will happen to the market?
-The Fed is already talking about tapering its asset purchases, which will likely happen this fall. This affects mortgage rates and long term interest rates
-The trend now is buying rental homes close together, which is more efficient than having single family homes scattered
-In a rising market, foreclosures are extremely rare
-We don’t have the situation of short sales
-Does the shadow inventory still exist?, or have banks flushed this out This is pretty much gone, according to Wolf.
-The carrying costs of vacant homes are very high, so this will probably bring more properties to the market
-What does the housing market tell us about the broader economy? Every time there is a shortage within the economy, we see prices rise.
-People are still eagerly spending money, which is stimulus driven
-States are sitting on a lot of money they haven’t spent yet, which will be put to use soon
-We are in an overstimulated economy - red-hot demand with supply constraints

Useful Links:
Financial Survival Network
Wolf Street

Direct download: Wolf_Richter_25.Aug.21.mp3
Category:general -- posted at: 8:00am EDT

Summary:
John Rubino and I discuss what’s new with precious metals, Afghanistan, and lockdowns on today’s episode. Gold and Silver recently fell hard—going in the opposite direction as stocks—but miners are still making decent profits and it is an ideal time for the operation sector. We delve into the US’ exit from Afghanistan, which went so poorly because soldiers were removed prior to American citizens and millions of dollars worth of military gear. This has a number of negative implications going forward, and could pose threats to the US government. Furthermore, Rubino and I investigate the newest COVID lockdowns in France and Australia, and the protests that shed light on thoughts around the new variants and what to expect in the near future.

Highlights:
-Looking at what happened with gold and silver: they had a flash crash
-The precious metals fell hard, but stocks did not - asset classes going in opposite directions, and one of them had to be wrong.
-The new COVID variant gives the fed the excuse to continue with QE and artificial and low interest rates, even in the face of higher inflation
-Miners are still making good money, so it’s a good point in time for the precious metals operation sector
-With Afghanistan, this is perhaps the worst we’ve ever seen. Rubino says that our exit from Afghanistan was poor because we removed soldiers prior to American citizens and millions of dollars worth of military gear
-This sends a message to other predators around the world that they have somewhat of a free hand now
-There is an opportunity for other governments to get what they want with not as much risk. Militarily, this is terrifying.
-This circumstance may remind one of the 1970s
-We really could use leadership, which seems to be absent at the moment
-With the current leadership in the US, there are many other distractions - we place much focus on domestic terrorism, racism, etc. that don’t fit within other larger military issues
-The Darwin Effect: people sense weakness, and take advantage of it, and this is how geopolitics works - you get what you can.
-We have to lump the US in with the group of predators in the world - there has to be a balance of power such that no one indulges their predatory instincts
-There’s going to be a big fight on divvying up Afghanistan, and the US will not be running the show
-We’ve created the conditions for turmoil and for fairly extreme things to happen
-Geopolitical circumstances, inflation, and labor shortages contribute to these conditions
-There are a lot of low probability events that contribute to a high probability event
-Ongoing demonstrations in Australia and France over lockdowns
-Primarily middle class protestors - these are the people most frustrated by these lockdowns
-The government put no emphasis on therapeutics in regard to COVID treatment/vaccination
-80% of people who perished from COVID had Vitamin C deficiencies
-There is a desire to eliminate the control group so that we will only know what will happen if people are vaccinated

Useful Links:
Financial Survival Network
Dollar Collapse

Direct download: John_Rubino_23.Aug.21.mp3
Category:general -- posted at: 8:01am EDT

Summary:
Today on the podcast, Octavio Marenzi and I discuss the struggle to learn from history in addressing the ongoing issues in Afghanistan—to which no empire has been able to prevail. We discuss the financial consequences of this defeat; Marenzi expresses that we will perhaps see a period where it is increasingly difficult to get large military budgets passed. For defense contractors, it is a massive gain to not win, and we see that corporations and governments have their own overarching interests and agendas. We recap fluctuations in Gold and Bitcoin, and Marenzi provide useful insight into the future of these currencies and responses to expect from the Fed.

Highlights:
-Setback for the US and western civilization - humiliating withdraw of the United States
-It was inevitable once we decided to stay there
-The only thing we learn from history is that we don’t learn from history.
-Comparing the fall of Carpel to the fall of Saigon
-Other empires have been involved here - the Soviet met their final defeat from Afghanistan
-Even Alexander the Great met his undoing in this area
-No empire has been able to conquer it, and it is somewhat similar to the China/Vietnam situation
-throughout history, the Chinese have always been concerned about maintaining power internally rather than externally
-We would think that defense stocks would skyrocket
-In one day of war, they can make more money during a year of peace
-Marenzi thinks we are going to see a period where it is very difficult to get large military budgets passed
-Military spending is perhaps going to be significantly curtailed
-The US will probably be more careful from here on out with getting involved in foreign matters
-The US could have withdrawn at a different time
-Afghanistan has never been an advanced economy, and the nation building seemed to be flawed from the very beginning
-Perhaps the goal was not to win, but to earn as much money as possible
-For defense contractors, it is a massive gain
-Corporations and governments have their own interests and agendas, and the more military hardware they can sell—the better
-We have never seen so much money spent with so little results - what is the return on investment? It seems to be much less than zero
-What’s next? Joe Biden has been weakened by this, and has undermined many alliances around the world. He seemed to be the steady hand in foreign policy, but has now found himself in the worst debacle in American foreign policy
-As long as the Fed keeps buying bonds, the market will go up because of the wall of cash coming in monthly. At some point, the fed will have to rethink this but it doesn’t seem as if we’re close to this yet.
-Marenzi predicts we will probably go back and replay the last year in terms of vaccine mandates and lockdowns
-Is gold going to go higher? It seems to be stepping sideways, and has not necessarily followed the inflation pattern
-Maybe we should put our money in crypto? It seems to give gold some competition
-Central banks around the world will perhaps become more skeptical of cryptocurrencies, and will not give up the ability to print money very easily
-Governments will either shut cryptos down, or regulate them very heavily—we will ultimately come back to gold

Useful Links:
Financial Survival Network
Opimas

Direct download: Octavio_Marenzi_23.Aug.21.mp3
Category:general -- posted at: 8:00am EDT

Summary:

How can businesses re-connect with customers as the world opens and we exit the health emergency of the last year and a half? Today, John Paul Mendocha comes on the podcast to address how to effectively engage with your clients in the current economic and cultural climate. We dive into meaningful customer outreach, and John presents the benefits of using communication platforms—specifically Slack—to provide valuable information to clients and give top tier service. Tune in to receive advice on customer relations that will help your business thrive during this time of transition.

 

Highlights:

-How can businesses re-connect with customers as the world opens and we exit the health emergency of the last year and a half?

-What do we tell our clients?

-Mistakes people make are losing contact with their customers and getting enveloped by the current problems. We need a clear message to the marketplace that we are moving forward and ready to do business

-Talk about what you can do for customers and move forward that way today

-Effective customer outreach required - find out the best way to get in touch with them

-John gives a great example: he has a Slack channel with his customers, which makes them feel like they are part of a community as it allows them to communicate with one another

-One can invite their best customers to learn about Slack - they can receive information in a ‘narrowcast.’ This is an opportunity for businesses to engage more with customers

-It is important to be subtle: don’t weave your product or mission statement into every message; be intentional and only share useful information

-Slack is a method of externalizing to marketplaces

-Ultimately, Slack is well suited for the current cultural and economic climate: it allows us to ease back into establishing close relationships between businesses and clients while still providing top tier communication and services.

-Acknowledge problems that need to be solved, and be open to talking about them and coming up with solutions

-When you’re in a business relationship, you need to take 100% responsibility for the communication

-If you have a social media, post consistently throughout the week with some posts based on business, and others focused on researched topics, values, etc.

-Share positive and intriguing findings

-Ask yourself: How many different ways can I engage with the customer/prospect?


 

Useful Links:

Financial Survival Network

Position to Win

Slack

Direct download: John_Paul_Mendocha_22.Aug.21.mp3
Category:general -- posted at: 8:01am EDT

Summary:
If your business operates on a web platform, it is crucial to possess a thorough understanding and appreciation of cybersecurity; this is a practice that can either make or break your business. Today I speak with bestselling author Robert Siciliano about the precautions one can take to evade cyberattacks and identity theft, which are incredibly common in the digital realm of business. Proper cybersecurity and a knowledge of how to deal with attacks/attempted attacks can save you and your business a load of trouble in the long run. Tune in to find out more.

Highlights:
-It is important to know what precautions to take to avoid identity theft
-Bestselling author Robert Siciliano tells us that ransomware is an epidemic: it affects healthcare, manufacturing, etc.
-Businesses are paying millions of dollars in ransom
-The bad guys have gotten very skilled in what they do, especially in terms of organization. They function as legitimate businesses. Team members are able to get access to usernames and passwords, and get people to click links so that they can operate from the inside
-They gain access to the insides of networks and then stop these networks from functioning
-Insurance companies end up paying for this ransom
-Everyone needs proper security awareness/appreciation training
-Cybersecurity insurance is the fastest growing sector of insurance
-Any computer with valuable data should have at least two backups

Useful Links:
Safr.me
Financial Survival Network

Direct download: Robert_Siciliano_22.Aug.21.mp3
Category:general -- posted at: 8:00am EDT

Summary:
Everyone eventually wants to transition out of their business and retire, and it can be difficult to sell a business off—you need specialized knowledge to do so. Today we hear from Ahmie Bahm, a financial advisor with clientele of business owners trying to transition to retirement. The sooner that business owners prepare for the inevitable transition, the better, and Ahmie explains the criteria for a successful exit/succession that every business owner ultimately experiences.

Highlights:
-Everyone eventually wants to transition out of their business and retire, and it can be difficult to sell a business off
-Ahmie is a Financial advisor with clientele of business owners trying to transition to retirement
-It is good to help business owners sooner rather than later to deal with the inevitable transition
-In most cases, the SBA is not part of the transition process—it’s about following a time-strategic recipe to transition effectively
-It’s not if you’re going to leave the business; it’s when
-The criteria for a successful exit/succession is maximizing the bound, mitigating taxes, making sure you can cash flow your life into old age, and making sure you stay in control of the process
-Family businesses fail by not having the right people involved/an insufficient management team, and not having the resources to deal with different problems that arise
-Generational conflicts can come up and it is critical to know how to deal with these
-It is good business to constantly be running your business for sale
-When you start your business, it is imperative to have an exit strategy
-The best successes occur with business owners that stay out of the middle: they can still be the leader, but every decision cannot revolve around them
-Keeping the eventual exit in mind pushes owners to look to the future
-It is important to make sure that your accounting is done properly, and to consider that the buyer is the professional—they will determine what contributes/takes away value

Useful Links:
Financial Survival Network
Interchange Capital Partners

Direct download: Ahmie_Baum_19.Aug.21.mp3
Category:general -- posted at: 8:00am EDT

Summary:
Today, Mish walks us through some of the effects of the lockdowns and the variant on the economy. We talk about stimulus checks, and some of the negative impacts on businesses and the economy in turn—everything is down in the real economy at the moment. Mish also highlights the significance of inflation: the disruption in the supply chain is real and it’s affecting everything. We talk about some of the indicators of these phenomena, and other interesting insights that allow us to better understand the current obstacles in the market.

Highlights:
-Mish talks to us about what is happening with DOW and Nasdaq, and how the fed will do whatever it takes to ensure that the economy will not falter—which translates to buying stocks.
-Is the Delta variant going to bring down the stock market and economy?
-There could be more pressure in terms of proving that you’re vaccinated
-The market is dismissing the Delta variant because it is concerned with the fed
-In the real economy, everything is down, but the stimulus should bring it up
-With the iminent end of stimmies, will we see a rebound in hiring?
-Investing is something that people have become involved in during COVID in light of receiving stimulus
-September and October are dangerous months for the stock market
-Big banks want employees back; tech companies are okay with remote working
-People are still hiring with many incentives, and the labor shortage is still very much as play—especially in hospitality
-Inflation is still at play as well—the disruption in the supply chain is real and it’s affecting everything
-Mish uses sugar as a barometer for inflation—it is a lead indicator
-Inflation is something that people should not forget about, and the impact on the market could be more significant than anything
-Mish says Bitcoin and Ethereum are the grandma and grandpa of crypto, but that the whole space is going to continue to be exciting
-We have had seven crashes in Bitcoin, and we don’t know if this one is over or not

Useful Links:
Financial Survival Network
Mish Schneider on Twitter
MarketGuage

Direct download: Michelle_Mish_Schneider_18.Aug.21.mp3
Category:general -- posted at: 8:01am EDT

Summary:
Michael Busler, Professor of Finance at Stockton University, gives us a crash course on the current economic situation in the United States—probing into some of the root causes of different problems and changes we are seeing today. We dive into inflation that has worsened due to disruptions in the supply chain as well as health circumstances over the last year and a half. Michael explains, however, that there are a number of other causes for inflation. If the government returns to some of the basic principles our nation was founded upon, perhaps we can re-create the economic prosperity we were historically known for.

Highlights:
-On the good side, the economy is growing very well, and is somewhat dependent upon the virus
-The problem at hand is inflation - prices are up about 5% over the span of a year
-Inflation is caused by disruptions in the supply chain
-Business has not caught up with the supply yet and this is why prices are rising
-Some say as soon as things open up fully, supply will increase and inflation will diminish
-There are, however, other causes for inflation such as fossil fuels
-The federal reserve has increased the money supply by over 20% in the last year and they are keeping interest rates near zero
-The federal government spent $3 trillion more than they took in as revenue last year as well as this year (government deficit spending)
-Companies that are re-opening are trying to get workers to come back, but many of them are making more on unemployment. Thus, businesses are pushed to raise wages which drives up labor costs astronomically
-Wages going up pushes prices up
-Will the federal reserve be able to raise its interest rates?
-The stock market is doing so well because corporate profits are up due to remote working
-Companies need capital so that business can expand and we avoid stagflation
-We don’t want attempts to reduce inflation to bring about a recession
-If we go back to some of the basic principles of the United States, our economy could prosper like it once did
-Four basic principles: individual freedom, individual responsibility, low rates of taxation, limited role for government
-The current administration is contradicting these principles; the government wants to take care of everyone and encourage social responsibility. The government is not motivated by profit, so costs go up

Useful Links:
Financial Survival Network
Michael Busler Twitter
Funding Democracy, the economics of freedom

Direct download: Michael_Busler_18.Aug.21.mp3
Category:general -- posted at: 1:18am EDT

Summary:
What is infinite banking, and how can we use it to build wealth? Today, Jim Oliver comes on the podcast with me to discuss how you can utilize a money pool to buy cash flowing assets—this gives your money the potential to grow tax-free and to be accessible tax-free. This approach to infinite banking emphasizes financial freedom; if you are in control of the money, it’s likely that you’re also the one making it. Tune in to learn about some of the opportunities you could have through infinite banking, and get direct insight from Jim, the founder of CreateTailwind.

Highlights:
-How can you effectively be your own bank and finance your own cash-flowing projects?
-We are using a money pool to buy cash flowing assets
-Infinite banking has a lot to do with paying off debts, but in this case we are emphasizing financial freedom
-Some people start with as little as $20k a year, and some start with millions
-What are the administrative costs? There really aren’t any because they use a special insurance contract that is designed for high cash value
-The money can grow tax-free and is accessible tax-free
-The money can be put to work very quickly
-Creating velocity of money by using it over and over again
-You are in control, and whoever is in control of the money makes the money

Useful Links:
Create Tailwind
Financial Survival Network
Breakaway Wealth Podcast

Direct download: Jim_Oliver_17.Aug.21.mp3
Category:general -- posted at: 8:01am EDT

Summary:
Today, I speak with Craig Hemke to discuss what’s new with gold, the repo market, and the real economy. Supply and demand have played a large role within the latest decline in gold and silver, and Craig breaks down some of the changes in the market within the last few years. We see time and time again that nothing ever goes straight up in a trend line, and that these trends are ever-changing. We also talk briefly about crypto, emphasizing the benefit to owning multiple types of currencies in the shifting market.

Highlights:
-What is going on with the price of gold, the Repo market, and the real economy?
-What is behind the latest decline in gold and silver? It’s a multi-faceted answer—supply and demand for the future’s contract plays a large role.
-Why is there so little demand? This has to do with the people that are buying contracts and transitory effects
-Repo demand was rising, but so was the demand for everything short-term
-When you hear about the dollar going up, they are referring to the dollar index
-if we slow the creation of dollars, then the dollar relative to the Euro looks slightly better
-Expecting to see a taper of QE
-Nothing ever goes straight up in a trend line; trends are always changing, and this is especially relevant to gold.
-The idea of having an expiration date on a currency isn’t feasible
-Have we hit the physical floor again?
-We have spent a year with market participants getting used to a particular level within long-term consolidation—once it moves out of this, it will shift very quickly
-Have cryptos become the new gold?
-We should be able to own multiple currencies rather than adhering to a binary
-The argument for/against Bitcoin hasn’t necessarily changed

Useful Links:
Financial Survival Network
TF Metals Report
@TFMetals on Twitter

Direct download: Craig_Hemke_17.Aug.21.mp3
Category:general -- posted at: 8:00am EDT

1. The takeover of Afghanistan by the Taliban. This is really the talk of the town this morning. This does not affect the stock market directly, but it makes traders and investors question their confidence in the current administration. I personally believe the Federal Reserve controls the market action with their current QE $120 billion/month program. 

2. Options expiration for August is on Friday. As you should all know by now, this is a week of institutional game playing. It's also a week where you will hear a lot of rumors, geopolitical events and lots of ridiculous up/down grades. Expect the unexpected. Watch Tesla and see what they do to it. This is the real shark week. 

3. Gold/Silver they were hammered in June during options ex. Nick said not your normal gold slam. Big traders were in there driving it down. More upside now to 1840 potentially. The miners stopped leading and still are not. Mining stocks are negative today while gold is up $9.

4. Cryptos have had a good move. They’re up slightly and now Bitcoin is at resistance. It’s a nice retrace, but wait for the pattern. 

5. Inflation is back with a vengeance. Commodities made lifetime moves. You can see the inflation on the charts. Inflation is here to stay. The lockdowns are the catalyst when the global economy shutdown. Gold, lumber, food, copper, etc had huge moves. Watch the price of copper. Copper tells all. And so was lumber. Copper topped in May and has pulled back a bit. Next wave coming in 2023-2024.

6. These policies are the exact opposite of what the economy needs. Lot’s of market volatility. You need to be a stock picker. Next year or two will be very tough. People have gotten used to raging bull markets. 

7. Dollar has been strong and it bottomed out in May and has been making higher lows. Within the next 10 years it will lose its reserve status. Will the US stop cryptos? 

 

8. Europe is a disaster. European banks’ charts are extremely weak. Look at Deutsche Bank and Credit Suisse. There’s a problem in the European bank. Their bond market has been killed by negative. 

Direct download: Nick_Santiago_16.Aug.21.mp3
Category:general -- posted at: 12:32pm EDT

Summary:
Today I speak with Eric Hadik who has been spot on with precious metals predictions for years, and has unmatched insight in this field. Eric walks us through the 40 year cycles of currency wars that have taken place throughout history that allow us to comprehend what happens in the markets over time. We come to the premise that gold needs to look for something to drive it higher or lower in its current position, and finally discuss stocks and oil.

Highlights:
-Spot on with precious metals predictions for years—and
-Started by looking at gold from a very broad perspective
-in 2015 Eric describes 40 year cycles of currency wars throughout history
-Gold and paper money = opponents
-Inflationary numbers will continue to come out but also taper a bit
-Gold needs to look for something else to drive it higher or lower
-One of the biggest burden is that interest rates are going to start to take up a bit
-Stock market due for a second correction in August and September
-Precious metals and stocks set their major highs and lows very closely
-20% of publicly traded stocks aren’t making any money             -Oil - lowering/stabilizing

Useful Links:
INSIIDE Track Trading
Financial Survival Network

Direct download: Eric_Hadik_12.Aug.21.mp3
Category:general -- posted at: 8:01am EDT

Summary:
Today, Ben and I cover one of the most feared three letter words amongst American citizens: the IRS. It is important to remember that we have remedies and rights when dealing with the IRS, and numerous people get in trouble merely because they don’t understand some of the rules and processes. We want to make sure you don’t find yourself in this situation! Tune in today to hear about how you can exercise your rights and handle your taxes in a way that is painless, legal, and will save you unnecessary stress.

Highlights:
-IRS - one of the most dreaded three letter words
-As US citizens we have remedies and rights when dealing with them - IRS taxpayer Bill of Rights
-You could think you’re doing everything right on your taxes and miss a rule you weren’t aware of
-Many people get in trouble merely because they don’t understand the process
-Ignorance is not bliss when it comes to the IRS
-It is important to get people educated and informed
-You should never deal with them directly on any major matter. Tax law regulation and rule has nothing to do with common sense, so it is not a good idea to try and use basic rationality to communicate with them on your own.
-The IRS is limited to what they can do, and it is important to keep them limited (no in-home audits)
-It is important for businesses to have restricted areas for employees/customers only
-the IRS is trained on how to read/listen to people, and must decide whether they are trustworthy
-the IRS needs more employees because many of the current ones are not auditors—they do the daily entries

Useful Links:
Golden Tax Relief
Financial Survival Network

Direct download: Ben_Golden_12.Aug.21.mp3
Category:general -- posted at: 8:00am EDT

Summary:
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.

Highlights:
-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

Summary:
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.

Highlights:
-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

Summary:

In today’s episode, I speak with angel investor Jonathan Hung to discuss many of the inside tips and tricks of successful entrepreneurs. Jonathan highlights the importance not of the individual entrepreneur themselves, but of the team that ultimately must grow and evolve as the business does such. If you are interested in hearing about the development of startups, up and coming trends in tech, and the tools needed for you and your business to thrive, then tune in to today’s podcast.

Highlights:

-Jonathan is an angel investor and managing partner at Unicorn Venturing Partners
-From working in so many sectors, what is the biggest lesson you’ve learned? Jonathan says it’s not about one individual—it’s about the team. Jeff Bezos didn’t build Amazon by himself.
-Can you have a start-up company without a strong overarching personality that can turn your vision into a reality
-differences between public and private companies
-with private companies, who your leaders/executives are are so important
-The world is a big place with many people who like different things
-Hiring is an important skillset to have as an entrepreneur
-Leaders need to build a team; the team changes as the company grows
-Looking for business models that can scale to a larger level
-Entrepreneurs aren’t necessarily the smartest—they have grit and relentlessness
-What trends are emerging in tech? What companies are evolving to fit these trends?
-1/3 workers are looking to change jobs/transition
*Data mining
-How do you allocate valuation? It depends - services, tech, etc.
-Best way to dabble in angel investing - don’t do it by yourself. It’s also about networking and recognize that it’s okay not to be the smartest person and to seek out other expertise

Useful Links:

Financial Survival Network

Jonathan Hung

Direct download: Jonathan_Hung_10.Aug.21.mp3
Category:general -- posted at: 8:01am EDT

Summary:

Today, Martin and I talk government and crypto—in the face of the national debt, the US is depending on the cheapening of dollars to pay back debt that has grown exponentially in the last decade. Additionally, we face other probing questions in looking at Europe’s 2030 agenda. Ending democracy and implementing shared power between nations would have many interesting implications, and we dive into some of these. We discuss IMF and the push to create a universal digital currency, which would be above all laws and change cryptocurrency as we know it. Tune in to listen as we implore possibilities in crypto for the coming years, and the interplay between debt, governing strategy, and digital currency.

Highlights:

-DOW - a bull market everyone loves to hate, and Marty called it

-Over the years, Martin has dealt with a lot of government in the analytical field

-We can’t continue to borrow year after year without the intention of paying back

-National debt has more than doubled within a decade; government has the intention of paying back with cheaper dollars

-This is now coming to a head

-The problem is not the US, but Europe

-Europe went to negative interest rates in 2014 - 7 years later they are still unable to stimulate the economy

-Pension funds are insolvent

-Martin’s solution: stop this and re-design it, but for freedom

-8 points for 2030 agenda - ending democracy, US no longer a superpower, shared power between nations - one world government idea

-Heat map is dark red for Europe

-Many people untrained in the field are now suddenly climate activists and experts. Those who aren’t necessary qualified are making these big decisions

-Handing the power of the US to the UN is off the wall

-Schwabb says democracy has to go - keep in mind checks and balances on human rights

-European Commission that makes laws does not stand for election—neither does the head of the EU
-When we see Biden and $6 million proposals, it’s because we are looking to modern monetary theory—borrowing is not feasible anymore

-Government spending increasing by buying all the government bonds in Europe

-"we can just print more money and it won’t cause inflation”

-Assets, real-estate, art, etc. retains value and are going up drastically

-DOW going up dramatically and people still analyzing it with old-school methods

-Where is crypto headed?

-You have to be careful…there is a group above the UN (FAFT) that is concerned with money laundering and wants it to drop *know your client

-Ending the idea that somehow cryptocurrency is out of the government

-Pushing hard to create an IMF digital currency - all cryptocurrencies would be devolved into this new IMF coin. Why? This would replace the dollar as reserve currency

-Martin: opposed to IMF because it is not an elected body, and is outside the jurisdiction of countries—they are above all law internationally. Period.

-What’s going on with the gold flash crash? They lost their targeted gold

-They are tracking every ounce of gold—where it comes from/goes. They realize gold is an escape valve and have been trying to restrain it as much as possible

-This isn’t to take away inflation; this is about money and control. They don’t want any competition—it’s about power

-Half the world is acquiring gold at the same time, which might be problematic

-Communism failed because it didn’t have the entire world

-The reset scam will fail—the only way they could pull it off is if they could get Russia and China involved

-Three Gorges Dam and Chinese flooding—if the dam goes, much of the Chinese economy goes with it

-The climate change argument is serious because the UN is using this to promote the one government idea - climate change must be fought by a unified government

-We still have regional/cultural differences

-History repeats itself

-Miami becoming financial capital of US—what is going to happen to New York?

-People can’t be evicted; land lord can’t collect rent

-Will all private housing become government housing? This would essentially make New York a ghetto

-This system doesn’t function this way—it only would be able to do so by the communist regime

Useful Links:

Armstrong Economics

Direct download: Martin_Armstrong_10.Aug.21.mp3
Category:general -- posted at: 8:00am EDT

Andy and I get on the podcast today to debrief the flash crash in Gold; 24,000 contracts were dumped and prices drastically went down. This was intended to produce a major shock factor in the market. This makes for an excellent buying opportunity as markets do not always behave this way, and the price will most likely shoot back up again due to the high demand. We talk inflation, debt, and the realization of modern monetary theory—all of which are worth thinking about in the current economic state.

Notes

-Flash crash in Gold - went down $100/oz - has been bouncing around

-Andy Scheckman - milesfranklin.com

-What is going on with Gold/Silver?

-24K + contracts dumped - $4B worth

-It is a poor idea to dump that many contracts at one time, but it is done for effect

-There is no more manipulated market than the metals market

-This is a heck of a buying opportunity because markets don’t behave this way

-The price is most likely going to shoot back up because of the high demand

-Month-in, month-out, the big losers are speculators, who do the same thing over and over again and aren’t afraid to lose

-the government is the one accommodating loser

-$27 trillion in debt

-Less workers, high inflation-

-the only way you can manipulate a market over time is if you push it in the direction it’s moving

-Bloomberg - gold is going lower because the economy is getting stronger

-Fear of lending money out into an economy - banks are swimming in liquidity

-Wells Fargo pulling away from lines of credit

-The best things in life are transitory

-Inflating will get much worse

-People should be reigning in their debt

-People should be putting gold and silver away, not increasing their debt

-Purchasing power is being destroyed

-full modern monetary theory

We have seen this before but it turns around very quickly

Important Links:

www.FinancialsurvivalNetwork.com

www.MilesFranklin.com





Direct download: Andy_Schectman_09.Aug.21.mp3
Category:general -- posted at: 8:01am EDT

John and I discuss the way in which the layaway concept is re-inserting itself into buying procedures; time and time again, individuals are slaves to debt and seek out more methods of borrowing money. We touch upon gold and silver getting whacked due to banks feeling pressure about unemployment rates as well as what the markets will do. However, the stock market is not crashing--and the drop in gold and silver prices should not induce panic. Tune in today to hear about some of the latest phenomena in tech, debt, and investing, and stay for the entertaining South Park references.

Notes:

-Concept of the layaway - ‘Layaway America’ - debt slaves don’t have enough ways to borrow

-We are becoming the layaway nation - everything that’s old is new again

-Gold and Silver take major decline

-Medically necessary creeping fascism

-Bitcoin is back up

-Tech companies have revived the idea of the layaway - making interest free payments until something is paid off

-Debt slaves don’t have enough ways to borrow

-Securitizing

-It’s not a surprise that gold and silver are getting whacked - banks are feeling pressure about unemployment rates and what the markets will do

-The stock market is down a little bit today, but isn’t crashing; only gold and silver are struggling. This is opportunistic and should not cause panic

-There are far more jobs than unemployed people—something has to give

-COVID era benefits need to eventually go away

-We are experiencing accelerating inflation

-Baby boomers are retiring; it’s going to be expensive when the government starts paying for all our needs

-some people see cryptos as tech stocks and buy them when they’re optimistic, while some people buy them when they’re worried. This means that there is always a market for them

Useful Links:

Financial Survival Network

Dollar Collapse

Direct download: John_Rubino_09.Aug.21.mp3
Category:general -- posted at: 8:00am EDT

I was joined by Fury Gold Mines’ Chair Ivan Bebek and CEO Mike Timmins for the latest sponsor update. The news has been coming out at a fast and “Fury-ous” pace (pardon the pun) and as expected yet more high-grade gold has been found. In the latest results, three drill holes focused on the untested Hinge target had significant intercepts - including 1 meter of 12.81 g/t gold…showing that Hinge has high-grade veins as well as broader mineralization zones.

Results like these demonstrate that Fury is the perfect case for why one should invest in the junior mining sector. Many times the market appears indifferent to highly positive results, but when the news really starts flowing, it catches on and great shareholder returns routinely follow. As Ivan said, “Patience …will always pay off.” The company now has 4 drills turning and while the assay labs have been slow to furnish results, things should pick up shortly. Website: www.FureyGoldMines.com - Ticker Symbol - TSX/NYSE: FURY

Direct download: 031_Fury_Gold_Mines_FSN.mp3
Category:general -- posted at: 2:48pm EDT

Summary:

In today’s episode I speak with Crypto Professional Shahar Abrams about the basic fundamentals of cryptocurrency, its future, and why you should educate yourself on this increasingly prevalent industry. Shahar entered the crypto sphere in 2017 and has since become an expert on the digital revolution in value that is taking place. Crypto offers an amazing opportunity for passive income that you can’t make with traditional stocks, and is essentially the backbone for what is going to become the internet of value. Tune in to hear captivating stories from Shahar about his background, the future of crypto, and his online course where you can learn the inner-workings of cryptocurrency investing.

Notes:

-What people think crypto is, what it really is, and why they should educate themselves

-Perhaps losing money is the best learning experience in the industry

-why it has a future, why you should be interested and perhaps even take a course

-started out consulting for IBM (data science track), dove into blockchain in 2017

-Interested in personal finance

-Rich Dad, Poor Dad

-Creating passive income streams and buying assets that put money in your pocket

-Bought in in 2017

-Felt like he was developing an edge in crypto - quit the corporate world and wants to now focus on education. There is a big educational gap, amongst investors—especially within crypto

-there is a big range of what crypto can be worth

-actual liquid market is a lot smaller than what people think

-Long-term/medium-term investing in crypto - best trade-off between financial benefit and stress levels

-Passive income you can’t make with stocks

-If you want to trade, carve out a bit of your portfolio, start small, and increase as fit

-goal of the course: predicated on view that this is a legitimate, maturing industry that will result in massive disruption to any industry that mediates value

-crypto is the backbone of what is going to become the internet of value

-we will be able to send value by way of crypto very regularly

-wants to push people to take the long-term view

-the best investors in the world don’t invest in something they don’t understand

-great opportunity whether you are more aggressive or passive - it is worth learning about so you can better assess risk and create a strategy to reach your goals

-crypto from the technical and market perspective

 

Useful Links:

www.FinancialSurvivalNetwork.com

www.roadtobabylon.org

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert T. Kiyosaki

The Richest Man in Babylon by Sam Sisavath



Direct download: Shahar_Abrams_05.Aug.21.mp3
Category:general -- posted at: 8:00am EDT

We just went through the usual precious metals bottom in late July, early August. Volume on juniors is completely anemic. GDXJ has double bottomed which is usually a very bullish sign. David Erfle sat down with us to give an update gold, silver and mining stocks. 

Mining stocks have continued to go down leading to investors take tax losses in the summer, which is quite unheard of. David says this is the exact time when the opportunity in the sector is greatest, at the bottom. Therefore, you need to have a watch list and be ready to pounce. The juniors are in particularly strong position now. Since the last move up, they’ve cashed up and are ready to go. Drilling programs are happening right now and results are being release. There’s lots of value in the sector. Of course it’s always possible we could have another down leg that drops gold to 1600-1650. in this sector you never know. However, = if gold stays above 1750 it will soon be off to the races. The Fed is working overtime on pushing gold prices higher. It finally admitted what we all know, inflation is here to stay, and with its decision to not raise rates or taper, the secret is out of the bag.

Direct download: David_Erfle_04.Aug.21.mp3
Category:general -- posted at: 8:01am EDT

Do you want to minimize the amount you pay in taxes? Today, Mark Myers gives us the inside scoop on how we can do this legally and ethically. Mark highlights the distinction between the tax systems for the informed and the uninformed, and how we can equip ourselves with the resources to be on the informed side. Many small to medium business owners are not aware of some of the benefits they can take advantage of that are non-taxable and very attainable. Most importantly, it is critical to understand how we can stay within the black and white boundaries of the IRS while keeping more of our own money. Tune in to get direct insight from Mark on some of the up and coming potential tax strategies and some useful tips to ensure that you minimize your taxes.

Important points:

Notes

-Business owners (small to medium, $150M revenue) most of these owners don’t know that there are benefits they can take advantage of that are non-taxable. This is by creating another entity with a separate service

-Low hanging fruit in the informed tax realm—needs to be structured right so it doesn’t fall under IRS rules in control and consolidation. This needs to be done under the right guidance

-Make sure you are in the black and white, and not stepping outside of the boundaries

-Highest tax break Mark has helped someone achieve was 7 figures

-What is the next largest potential tax strategy one can utilize?

-capital gains - selling appreciated assets

-How can you ensure you don’t trigger the capital gain tax event when selling an asset?

-Trust structure - when the buyer goes to buy the asset, they aren’t paying you but the trust which you have control over

-utilize family structure to minimize taxes - passive income can be offset by passive losses

Useful Links:
peakprofitsolutions.com

Direct download: Mark_Meyers_04.Aug.21.mp3
Category:general -- posted at: 8:00am EDT

Noble Drakoln is long Robinhood and not for the reason you might think. True it’s a hot market trading app that has millions of clients and makes its living selling their data to high frequency traders. It’s doing quite well and according to Noble has leveled the playing field and enabled the public to turn the tables on the pros, but that’s only half the story. They’re really a crypto play as they are one of the largest holders of the infamous Elon Musk promoted Dogecoin. And they’re all set to become a major crypto trading platform that could easily surpass Coinbase. And that could really result in huge profits to early Robinhood investors, and perhaps that’s why the price has rebounded and gone higher than the IPO price. Perhaps another Facebook in the making. 

Direct download: Noble_Drakoln_03.Aug.21.mp3
Category:general -- posted at: 8:01am EDT



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