Kerry Lutz's--Financial Survival Network

Summary:
Derek Bullen’s In Defence of Wealth emphasizes the implications of an economy without wealthy individuals. In the absence of kingdoms, becoming rich in America is a more equal opportunity game, yielding a new list of wealthiest people with every generation. Modern wealth extends beyond merely inheriting money, and greatly contributes to the functioning of the economy; truthfully, societies would not be the same without it. Tune in for more insight.

Highlights:
-‘Rich’ is a fleeting concept; 70% of the billionaires and 80% of the millionaires in America today made their money from scratch, within their own lifetime
-Every generation has a new list of wealthy people, or a new set. It is difficult to inherit this wealth
-Certain businesses that were promising for a long time still have the potential to fail (i.e. Blockbuster)
-In order to generate wealth, you have to create something that has a purpose and will not be easily surpassed/replaced
-Many people have left the energy sector
-We need to ask why we’re still buying oil products from countries that enact major human rights violations
-We’re using resources for fuel rather than food/agriculture
-Capitalism helps to bring people out of poverty; free trade allows for money to move more freely

Useful Links:
Financial Survival Network
Derek Bullen
In Defence of Wealth

We sat down with Fury Gold Mines’ Chairman Ivan Bebek and CEO Tim Clark for a sponsor update. Fresh from the recent C$11 million marquee investor financing and the Dolly Varden Silver transaction, they were both extremely positive about Fury’s future. Chair Bebek is redefining his role at Fury, leaving the board to become a strategic advisor, so he can devote his expertise to several other companies he helped found. CEO Clark has firmly taken control of the reigns and has big plans for the future.

While assay lab results are due in any day, the drills are about to start turning again. Four holes are planned for Eau Claire’s Eastern Extension and three to four holes for the Western Side Hinge. Additional holes will be drilled once more is learned about the sites’ geology. The Percival project, located 14 kilometers to the east, has also been targeted for drilling. Clark believes that there’s great promise here, which was missed by an earlier historic drill program.

But perhaps the most compelling case for Fury is its relative undervaluation when compared to its peers. Fury trades at just $29 per ounce in the ground, versus $72 per ounce for similar companies (according to Beacon Securities). At a $105 million market cap, comprised of $56 million in Dolly Varden shares and a large cash position, Fury’s enterprise value is a shockingly low $35 million, making it a true value play. CEO Clark bought shares in the spring and is looking to acquire more.

While being a resource investor the past 18 months has been painful, supply shocks are coming and that will be a major driver to the sector, which is why we patiently hold our shares.

www.FuryGoldMines.com

Ticker symbol NYSE American/TSX: Fury

Summary:
Is the Twitter acquisition by Elon Musk going to happen? Or is it a strategic effort to scare the government/media elite? Eddie Yoon comes on the show to talk about Musk and his agenda for Twitter—most likely fueled by the goal of creating a larger, unified network for Internet users. For a detailed discussion of Elon Musk, Twitter, Tesla, and how a powerful individual is greatly influencing the economic scene, be sure to tune in to this episode.

Highlights:
-Musk feels very strongly about protecting free speech, and sees Twitter as a great medium for freely expressing thought
-He believes that he can increase cash flow/profits and make Twitter more valuable
-He sees a world that is dramatically better when a big platform (such as Twitter) realizes its full potential
-Whether or not he has the means to elevate Twitter in this way is still in question
-A board position is glamorous when all is well, but it is a very serious and demanding position
-Musk is seeking to change Twitter’s advertising
-Twitter will most likely become a mega, unified platform

Useful Links:
Financial Survival Network
Eddie Would Grow
Eddie Yoon Twitter

Summary:
Inflation is alive, well, and prospering; how do we effectively engage with these economical conditions? Phil Streible comes on the show to talk about how we can invest in inflation with commodity prices. In order to accurately gauge where the markets are going, it’s crucial to observe which commodities were affected by the pandemic, and how they will either bounce back or further deteriorate as a result of inflation and supply/demand. Tune in for more expert insight.

Highlights:
-The inflationary spiral is coming upon us sooner rather than later
-By any measure, inflation is alive and prospering
-There is a way for you to invest in inflation, and this is through commodity prices
-Food and energy specifically hit consumers with the rise of inflation
-The last time natgas was this high, we were in entirely different conditions with the strike of a major hurricane
-The government may not encourage production, but will rather step out of the way so that things can get done
-We’re seeing huge production increases out of Canada
-Eventually politics will yield to reality
-Natural gas is far more important to the economy than it was back in the 70s with the oil embargo
-The inflation problem cannot be solved by raising rates; when it comes to food production and livestock, there are other factors that impact these things
-EVs are not an escape from power problems
-Copper is still trading 10-15% under all-time highs
-The takeaway on copper and oil is that the pandemic came with the all-time low of copper, and has not been the same. It’s important to look at what commodities were affected by the pandemic
-Demand will continue to increase and supply will decrease; mining costs are high
-The higher commodity prices go, the more pain they inflict on the consumer

Useful Links:
Financial Survival Network
Blue Line Futures

Summary:
Markets have been extremely volatile, and pressing questions about the future of the economy linger. Will inflation and negative GDP print decline? Furthermore, how will these factors affect you and your investments? Jim Welsh appears on this episode of FSN to inform us about what to expect in consideration of the role that the Fed will play over the next couple of months. We’re seeing increases in gas and oil, wage growth that does not mirror the progression of inflation, and depletion of supplies in the energy sector. Listen in for more insight on the mayhem of the markets, and scenarios for the foreseeable future.

Highlights:
-Jim was expecting a 10-15% pullback going into this year, accounting for trends in the S&P
-We’ve had the pullback from the highs, but the S&P needs to punch about 4200 to open the door for higher prices
-The Fed is at an interesting juncture that will play a role over the next few months
-Interest rate increases have adversely affected the economy, housing, etc.
-Consumers still have over $2 trillion worth of savings, but the bottom 20% of wage earners spend 70-75% of their disposable income
-The squeeze is already intense, and this is going to continue
-Wage growth (about 5-6%) is not parallel with inflation
-The Fed is trying to prevent the markets from getting ahead of them, which contributes to their decision making
-The increase in gas and oil in May will contribute a lot to inflation
-As they raise rates more, the economy will show signs of slowing in the next few months
-The Fed has started to shrink its balance sheet, which has not been paid attention to closely
-Jim thinks we may be on the cusp of a 15-20 year bear market; a lot of issues that have been building up with the US economy will most likely come to a head
-Is inflation down-ticking enough to give people on the Federal Reserve confidence that inflation is going to trend downwards?
-Gold needs to hold recent lows to make another run above 1900s
-When volatility increases, the relation between sectors moves upwards towards 1
-We need to see a break in oil, and subsequently, in gasoline prices
-We should be focusing on the price of natural gas rather than oil
-We’re depleting supplies that, in the past, would have gone to other domestic needs
-There is a floor underneath Natgas prices

Useful Links:
Financial Survival Network
Macro Tides

Summary:
With many losses in the stock market over the last few months, many investors are in search of alternatives for cash flow. Fred Moskowitz comes on the show to talk about alternative investing methods, focusing on note investing—an oftentimes overlooked asset within the real estate market. Fred shares his expert insight on how to get into this realm of investing, some of its benefits, and pointers for when/how to buy notes. Be sure to tune in to this episode for an insider perspective of this alternative to the stock market, and you can use the link below to purchase Moskowitz’s The Little Green Book of Note Investing if you want to learn more.

Highlights:
-There have been losses in the stock market over the last few months, and many investors are looking for alternatives
-For a fleeing stock market investor, there are a number of alternative investing methods
-It’s important to own assets that generate income for you, such as rental real estate. The government has incentives in place for owning these
-Owning mortgage notes is also a worthy venture; it gives a steady income component. They get bought and sold on the secondary market every day
-Owning a mortgage on a rental property gives a lot of downside protection. Another positive aspect is that you get paid while you wait
-Buying/starting a business allows you to be directly involved with the asset
-Buying properties based on future cash flow can be risky in an inflated market
-It’s beneficial to buy real estate if an opportunity appears with a cash flow that can cover your expenses
-If you buy real estate that is generating cash flow today and the property is covering itself, then it’s a safe option
-When it’s not ideal to buy, it’s good to educate yourself on real estate and take time to accrue knowledge
-Mortgage notes can be found by working with real estate investment groups and seeking out note investors
-Notes can also be acquired through creating contacts and networking within real estate
-Educating yourself before buying anything is also crucial
-Notes are traditionally sold for a discount
-Supply and demand impacts the pricing of notes, and some states have more demand for notes
-You can buy a portion of a note rather than the note in its entirety (i.e. buying a $10k slice of a note). This is helpful for getting started in note investing
-Fred’s book, The Little Green Book of Note Investing, gives an overview of note investing and provides tips, logistics, and how-to’s in this sector

Useful Links:
Financial Survival Network
Fred Moskowitz
The Little Green Book of Note Investing

Summary:
We are seeing shortages, double digit inflation, and disruptions to the supply chain like never before. How can we get through these times without destroying our businesses in the process? Here to speak about this is Carl Gould, and we discuss the transition that businesses must make in light of the turn from globalization to regionalization. It’s important to consider alternate sources for obtaining supplies, and to have them readily available for unexpected circumstances. Tune in for more useful strategies.

Highlights:
-If you go back to 2008, the seeds were planted for the de-globalization of our supply chain
-You can’t rely on the supply chain the way you once did, and you can’t let it strangle you
-Globalization is going to turn into regionalization
-Businesses need to diversify where they get things from, which is called ‘near-shoring’
-It’s useful to get supplies from other countries that are nearby
-The concept of repurposing/reusing items is going to become more prevalent
-Instead of having 1 or 2 vendors, you should have 3-5 vendors
-In real estate, place an offer on something immediately

Useful Links:
Financial Survival Network
Carl Gould
Carl 360

Summary:
I sit down and chat with Kyle Floyd, CEO and Chairman of Vox Royalty to evaluate the precious metals and what’s to come. The mining stock sector is trading at all time lows, fueled by metals prices and inflation. Nonetheless, Kyle is optimistic about the future of the markets, and tells us why we should be as well. Tune in for more insight.

Highlights:
-The price of gold is pinned near the 1850s, but the mining stock sector is trading at all time lows
-There is a lot of volatility in the markets, and it feels a lot like 2008
-A lot of factors that drove metals prices around 2009-2011 are still relevant today
-Kyle is excited about what’s coming in the markets
-Mining stocks have been hit because metals prices haven’t skyrocketed and inflationary pressures have been very impactful to mining companies
-We’ve been in a bear market, which doesn’t last as long as a bull market
-A market like this allows us to find better value on better projects

Useful Links:
Financial Survival Network
Vox Royalty

Summary:
I have Matthew Murawski on the show to break down what’s happening in the markets. In these circumstances, it’s crucial to zoom out and consider how they will play out in the long term. This is directly applicable to stocks such as Tesla, and inflation has an immense effect on many of these stocks. Tune in for more expert insight on what’s to come, and tips on how to strategically invest in the meantime.

Highlights:
-Markets are up a bit today; volatility is the word, but ultimately, they are down overall. How does this affect future planning? Matthew Murawski and I discuss his philosophy of investing
-He has a wide variety of clients (large age range)
-In a market like this, it’s all about zooming out. You have to look at stocks with a long term perspective
-High valuation stocks are down, which creates a lot of carnage for the markets
-The risk-reward for companies like Tesla is on the downside with rates going up
-There are double digit gains in imports/exports
-Once wages go up, they don’t really come back down. Inflation is here to stay for quite a while
-Volatility is an investor’s best friend; we will always have problems, but you have to have hope in a future

Useful Links:
Financial Survival Network
Goodstein Wealth Management

Summary:
Is there good money and bad money? How do you get rid of the bad stuff and keep the good stuff? National bestselling writer Derrick Kinney comes on the show to talk about this. He wrote Good Money Message to help spread this philosophy to those who are seeking to make and use their money with their ethics and values in mind. Tune in for more insight, and use the link below to download the first five chapters of Good Money Revolution for free.

Highlights:
-Good money in the hands of good people gets good work done; just because bad people use their money in negative ways, this doesn’t mean that good people can’t use it positively
-Good money is money that has intentionality to it
-Think of money as a tool for positive change
-Make sure that your wealth aligns with your values
-Good money can become bad
-Using good money for bad can be disillusioning
-We need a new mindset to think differently about our money

Useful Links:

Financial Survival Network
First Five Chapters of 'Good Money Revolution'
Good Money Framework