Financial Survival Network

Summary: Why are the next five years going to be different from the last five years on Wall Street? During the last five years, it was easy to make money, but Simon Ree thinks that the next five years (2022-2027) are going to be a lot different. According to Simon, the Fed has two options—which will either result in the stunting of economic growth or a repeat of the 1970s. His advice to people is to maintain a growth mindset, determining how and when to expose money to risk. Use the link below to check out Simon’s book on options trading, and tune in to this episode to hear some amazing market advice from Simon.

Highlights: -In the previous 15 years, stocks have had a massive tailwind -The balance sheet expansion has gone in reverse -We’re experiencing inflation for the first time in four decades -In the next five years, the Fed will either stick to their guns—having dramatic effects on economic growth—or rate hikes will stop and the 1970s conditions will come back to life -Stocks are down, bonds are down, cryptos are down, but cash isn’t down -Simon encourages people to approach things with a growth mindset: how and when do I expose my money to risk? -Simon’s preferred method is to use technical analysis to pick out the best assets -Monthly compounding is a better strategy for some, achieved through short term trading -There is a shortage of residential housing, and this market is also going to be affected by rates -The residential real estate market will not necessarily crash, but prices could come down 10%-20% -If the fed maintains tightening, this could filter into unemployment -His book on options trading is to help people become successful, independent traders -He wrote the book to engage readers and simplify concepts in options trading -In a bear market, you can’t ignore the counter-trend moves -We’re in a structural down-trend, but don’t fall in love with bear market rallies and think that the worst is over

Useful Links: Financial Survival Network Tao ..

Summary: Many people go into one career but feel unfulfilled, and go on to find their calling in a different profession. This was the case for Pranay Parikh, who was once strictly involved in the medical field and decided to expand his career to real estate. He addresses how this dual career allows you to shape your medical profession in the way that you want—making passive money through real estate to avoid overworking yourself. Pranay has an equity group devoted to helping physicians earn passive income, so be sure to listen to this episode and check out his website to find out how you can get involved.

Highlights: -If you’re able to make money outside of medicine, you can craft your medical career into what you want. Most people think that they need to be either all in or all out, which means that a lot of doctors in the industry are overworked -The nature of practicing medicine in the US has changed dramatically over the last 30 years—it has become very de-personalized, which is a systems issue -If you make passive money in real estate, you can spend more time with your clients without being concerned about not making money for that extra time -Doing real estate passively and working with people that help you manage your investments can help you save time while being involved in the industry -Many factors are influencing this passive income and the industry. A lot of people want to buy a house but are getting priced out

Useful Links: Financial Survival Network Ascent Equity Group

Summary: The markets are at the mercy of the federal reserve right now. What do you do about it? Dudley Baker has been through many downturns and bull markets, and gives his take on the volatility in the markets. The mining sector has taken some hits, and many investors have endured losses because of this. Dudley is confident, however, that the mining sector will take off in the near future. This is not a sector where you can get in and out; rather, it’s going to require patience and a lot of focus on its movements. Tune in to hear more insight from Dudley.

Highlights: -It’s important to have trusted individuals to look to as mentors during this time -There are a lot of companies right now with stock warranties that are trading -On a good day, the mining sector is terrible—there is no long term growth, and it is a cyclical environment -There is no confidence that upside moves in mining will last -Dudley is confident that the mining sector will take off at some point in the near future -If you’re a trader trying to get in and out, the mining sector is probably not for you -The one year chart is far below its one year low -The focus is very much on uranium—there’s going to be a winner for the twenty cent range -When uranium spikes, there’s no saying how high it could go -This sector will have its day in the sun one more time

Useful Links: Financial Survival Network Common Stock Warrants

Summary: If you’re wondering how exactly to get into real estate, you may want to consider the world of wholesaling. I sit down and chat with Grace Mills, who has coached over 300 people on making profits in wholesale real estate. To get into this area of real estate, it’s important to take inventory of your current resources and understanding, and decide what your overall goal is. She also talks about different marketing methods—especially the ones that are overlooked—and which ones can be the most effective. Tune in to hear more of Grace’s knowledge on wholesale real estate.

Highlights: -We’ve been bullish about real estate. Even though it’s a market like any other, there are housing shortages, demographic trends, and other factors that are unique to real estate -This episode focuses on wholesale real estate -Grace initially got into this industry in efforts to pay off some of her student loans -She started working full time for a real estate investment company -She had an opportunity to transition into acquisitions, but was more intrigued by helping other people making money -If you want to get into wholesale real estate, first pinpoint your end goal. Then, consider where you would want to do wholesaling. You can do it in the market you’re in, or do wholesales virtually in a market you’re not in. Third, take inventory of your current understanding and resources -The best marketing channel is an inbound strategy -Utilize a marketing channel that has always been out there. A surprisingly effective medium can be the radio -Direct mailing is still a bit over-saturated -If you’re always in business to solve a problem, you will stay in business -Pay attention to the market and pain points that drive people’s decisions -You need to use marketing to first attract the seller and pitch them a plan for how you will help them. The other piece of your marketing is the disposition—moving the property to an actual buyer -There are lots of Facebook groups for real estate inv..

Summary: When is a recession not a recession? This seems to be our current positions as people try to redefine what a recession is, and John Rubino discusses this with me in this episode. A recession has always been two consecutive quarters of negative GDP growth—which we’ve been seeing. The government is reluctant to call our current circumstance a recession, and people are being accused of spreading misinformation. Deeper analyses show that we are not where the government says we are economically, and we must consider many pieces of data to assess our current situation. Tune in to hear more of John’s perspective.

Highlights: -We’re getting serious negative indicators right now that will contribute to a decline in growth -Inflation can be used to mask what is happening, and growth has been slower than what they are reporting -There is a problem with how we’ve traditionally defined recession with how we’ve calculated GDP -It’s important to look at GDP - government debt to see what’s actually happening -A depression is a much more realistic assessment of where we are -A lot of charts show that we have not been a growing economy for decades -The war could potentially be a tool for distraction -Interest rates are not spiking in Europe; the bond market is calling a recession -Everyone is piling into what they see as the most risk free asset: treasury bonds -Commodity prices spiked six months ago and have been trending downward ever since -Home prices haven’t done what we would expect—especially in California

Useful Links: Financial Survival Network Dollar Collapse

Source:
https://www.spreaker.com/user/appeal2/nick-414

1. This is another big week of earnings. Last week, the mega-cap tech names reported and the market rallied on the back of them despite most of the number being weak. This is what happens when expectations are so low.  This week we have over 130 S&P 500 companies reporting so it should be important. 

2.This is the first day of August. Often, money will come into the market to start the month. Today, markets are stalling after the big rally that we saw last week. This market is getting overbought at this time. 

3. Oil is selling off today along with most of the leading energy stocks. I think oil is in correction mode here, but any decline into the low $80.00 range is a buying opportunity. This may not get down there tomorrow, but traders should keep this level on their radar. 

4. Gold is slightly higher this morning, but nothing earth shattering. 

5. Bitcoin is trading down by 2% to 23,500. It tried to make a move last week, but has retreated today. 

Why are cycles so important? Bill

Are we really in a bear market? Scott

We’ve seen hugely volatile energy markets. What makes you think it will go up from here? Ebony

What was your greatest success story since you started trading? Alfredo

Can you really make money on options? Lewis J.

Summary: The Fed rate hike is expected shortly, and we’re anticipating and increase of 75-100 basis points. How much of an impact will this have on you and your retirement? I chat with Dee Carter, the President of Carter Financial Group, and he shares his knowledge on what is coming in terms of rate increases and the recession we’re experiencing. The most important thing to do right now is put your money in a place where you can take advantage of the downside when the market moves back up again. Listen in for more tips on how to prepare for the future.

Highlights: -We’re experiencing a dichotomy: there are some things that indicate a strong recession, but on the flip-side, there are earnings that are up a bit -All of the numbers point to the fact that we need to tighten up a bit -How long will al of this last? A lot will be determined by what happens in the November election -Once we get past the election, we will see a change in the final quarter. But it could be nine months to a year until we get out of the recession we’re in -It doesn’t look like we’ll see rate decreases in the third quarter -Interest rates are going up, which means you’ll pay more for your home -Nationwide, we could see real estate dropping as much as 10% across the country -Demand is going down a bit, but supply is still down -If you’re considering an electric vehicle, Florida is a great place for EVs. But this isn’t a convenient option everywhere -Put your money in a place where you can take advantage of the downside when the market moves back up again

Useful Links: Financial Survival Network Carter Financial

We were joined by FPX Nickel’s CEO Martin Turenne for a much awaited sponsor update. A major paradigm shift has taken place in the battery metal space. Automakers around the globe have been in a state of near panic, racing to line up reliable and “friendly” sources of copper, lithium, nickel and other metals required to produce electric vehicles. As Martin said, “... talking about the global supply chain, the demand of auto makers, now we've seen a race. … All of these companies are snapping up or attempting to snap up supplies of crucial metals, because … if they don't get these metals it's game over, [due to] the shift to EVs.” If they don’t secure supplies, they won’t survive.

March 2022 witnessed a major nickel short-squeeze took place, with prices jumping 5-fold in just 48 hours. Now it has settled back into the $9-10 per pound level, a level at which FPX will see high profits and substantial cash-flow. However, Martin believes that nickel prices will continue to increase, as there is just not enough supply to satisfy the burgeoning EV demand.

FPX is uniquely situated to profit from these trends. Its Baptiste and Van projects are some of the largest undeveloped sources of nickel on the planet. Due to their composition, these deposits are environmentally friendly, thus they’re able to forgo the costly/polluting smelting process.

Martin hinted that outside interest in the company’s projects is high and he will provide more information at the appropriate time. But one thing is for certain, nickel is essential to global adoption of EV’s and its future demand insures higher prices and the need to increase production at rates far higher than today’s levels.

This leaves FPX Nickel in an extremely advantageous position with the likelihood of extraordinary returns to shareholders.

Company website: FPXNickel.com
Ticker symbols: OTC: FPOCF — TSX-V: FPX

Summary: You’ve made money in crypto and managed to sell it for a profit; however, there is still an important question to answer. What are the strategies for minimizing tax burden with crypto, and can you use the losses to offset other gains? Micah Fraim, a bestselling author and CPA of an accounting firm, comes on the show to explain how you can lower your crypto taxes by the legal means available. Many people don’t understand this component when investing in digital assets, and Micah’s mission is to help people successfully manage these new age investments. Tune in for more insight.

Highlights: -If you’ve made money in crypto and you managed to sell it for a profit, you have to figure out strategies for minimizing tax burden with crypto, or try and use the losses to offset other gains -The average crypto investor has three main categories of income (i.e. trading, capital gains, staking income) -If you’re trading and holding for more than a year, you get the same treatment as long term capital gains -With crypto, you can sell your whole portfolio and buy it back, but you realize the loss -After 30 days you can buy a stock back but with crypto you don’t have to worry about waiting -The IRS has only issued guidance on five or six things in crypto -With the things that are ubiquitous, there is no guidance -Your duty as a citizen is to minimize your taxable incomes through whatever legal means are available -It’s going to take multiple iterations of regulations to close the loopholes/gray areas that exist right now -Micah bought some crypto back in 2017. When the market recovered, Micah got involved in a project with cryptocurrency, and realized that no one understood the tax side of digital assets

Useful Links: Financial Survival Network Fraim, Cawley & Company, CPAs

Summary: With inflation, the war in Ukraine, and supply chain disruptions, the most pressing problems in the nation right now are clear. To get some perspective on solutions, I talk to Eddy Gifford—whose job as a wealth advisor is to critically think through these problems and help others subsequently implement investing strategies. Interacting with the market during inflationary, uncertain times requires identifying what type of market we’re in and thinking through all of the possible outcomes. This is what Eddy refers to as being proactive with investing methodology, and you can learn more about it during this episode.

Highlights: -Eddy Gifford is a wealth advisor who is also into alternative investments -Cryptos have gotten slammed—Bitcoin is down two thirds and could go lower -The one alternative investment holding on so far is real estate, but it has an inverse relationship with interest rates. Property costs have doubled -When you’re dealing with something like cryptocurrency, it’s not a buy and hold situation -Traditional diversification doesn’t work in bear markets—it’s more about diversification of strategy. We need to be proactive with our methodology—analyzing why one would buy or sell something -It’s important to pinpoint what your mass loss is -So how do you approach the market? First, you should identify whether the market is a bull market or bear market and the appropriate strategies based on which one you’re dealing with -Once you own, have targets in place -Buying everything for the sake of buying everything is not a recipe for success -Just because we’re going to be positive over the next few months does not mean this is indicative of recovery -We could end up in a situation where some of the big names have poor earnings\ -It’s okay to have some cash on the sideline right now—it’s not a bad thing to be sitting in cash when the market is down -If you’re going to go all in, it’s good to have some sort of hedge in place -Commodities are more volat..

Summary: Is inflation going to continue, and what effect does this have on your retirement? Retirement expert Nathan Cox comes on the show to talk about how to adjust your strategy for investing/retirement in light of what we’re experiencing in the current economy. Indications of a recession mean that we must re-think our investments, which includes being more selective and making sure that your income is generated naturally. Tune in to this episode to hear Nathan’s advice on setting yourself up for success.

Highlights: -Inflation was running a bit over expectations and came out around 9.1% -What we do largely depends on what the Fed decides to do in response to inflation -They can increase interest rates, but they don’t have any control over the supply chain issue -People remember the 2008 recession, which was an immediate effect -Our current situation is progressing much more slowly -Unemployment is the lagging indicator -We could be in the recessionary position very quickly, and by the formal definition of recession we are technically already there -The Fed is probably going to have to continue raising rates through 2023 rather than raising and then backing off -Supply chain issues and the war in Ukraine are making things more complex -The majority of Americans were relying on things like the 401k, but it’s smart to be more selective with your investment strategy—focusing on quality and dividends -What investments are more protected from inflation? Make sure your income is being generated naturally; don’t exclusively rely on growth and capital appreciation

Useful Links: Financial Survival Network Retirement Income Solutions

Summary: You can never invest too much in human capital. But what are the specific steps you can take to effectively invest in yourself and others? Robert Bendetti comes on the show to provide specific direction regarding this, and talks about learning, leading, listening, and leaving—the 4 L’s of investing in human capital. Robert emphasizes the importance of continually educating yourself as you advance in your career, and taking time to listen and understand others. The tips he gives are applicable to one’s career, but also apply to many other areas of life. Listen in for more insight from Robert.

Highlights: -You can never invest too much in human capital. Every time you invest in yourself, the benefits and return on investment are at least 10x. -The four key concepts presented by Robert are learning, leading, listening, and leaving -These can apply to individuals as well as teams/businesses -Learning is lifelong. Wherever you are in your career, there is still more to learn. There is formal training, which is extremely important (i.e. higher education or professional certification) and then there is subject learning—acquiring knowledge of the latest happenings in your field -It’s important to give back in the aspect of learning, and you can do this by being a mentor to others and sharing your experiences. You can also seek out a mentor for yourself. -You can offer to volunteer in cross-functional teams and learn about the other positions in your field -If you’re an entrepreneur, you need to look for the client that is in the worst situation. You can often learn the most by taking on the harder tasks -Remember that you are not the smartest person in the room. Listening to others can be very powerful and presents the opportunity to hear other perspectives -Talk to your customers and listen. It’s important to take time to listen to your team members as well -How do you get yourself focused? -Leaving implies that there are some things that you need to eventuall..

Summary: Bitcoin is down in the low twenty thousands, and cryptos are in the dumps. Is it your chance to buy, or is this a good time to flee? Gregory Johnson—Co-Founder and CEO of Rubicon Crypto—appears in this episode to help us imagine the future of crypto and how to wisely invest. One entering the industry has to be mindful of its volatility, and maintain a long term perspective in order to strategize. Gregory gives excellent advice about digital assets, which will become even more prevalent as time goes on. Tune in to hear more.

Highlights: -People need to take a step back and use common sense when it comes down to crypto—regardless of which side of the industry you’re coming into -People need to think about how dependent we’re going to be on technology in the future, and how much of this technological development will be digital -There is no absolute guarantee that crypto is going to do things differently than other equity assets people have in their portfolios -Anyone entering the space should not just be prepared for volatility, but the most extreme volatility they’ve seen when investing -You have to have a very long term perspective -It’s important to know the difference between a currency and an asset; assets aren’t divisible or portable, and can’t be spent in the way that currency can -The evolution of these technologies is only going to continue -Future reward programs will have a tokenized NFT aspect -There is a new economy that will involve blockchains, and this is already being implemented with larger corporations

Useful Links: Financial Survival Network Rubicon Crypto

Summary: Has the housing bubble popped? Is it in the process of popping right now? Here to give us the latest news on this is Wolf Richter. The housing market is going through a major shift as stocks decline and mortgage rates go up. Even though we can’t see the progress of this in real time, we can note how the underlying dynamics are changing dramatically. To find out what’s to come, be sure to tune in and hear what Wolf has to say.

Highlights: -The momentum is draining out and housing stocks are down -The housing market nationwide is going through a “come to Jesus" moment because of the mortgage rate -Layers of buyers are going to be moved out of the market -We see widespread drops in asking prices and volume is dropping as well -This isn’t like watching a crypto chart; we can’t see the progress in real time, but we can look at the underlying dynamics which are changing dramatically -Foreclosures are up, but they’re still near historic record lows. This is due to home prices spiking—people can sell their home rather than paying it off -Formerly, people were using stimulus to catch up on loans -Many delinquencies were cured last year, and now they’re going up -We’re probably going to see somewhat of a return to normal levels

Useful Links: Financial Survival Network Wolf Street

Summary: The world is bankrupt. How does the impending global bankruptcy affect you? This episode’s guest chats with me about how we got to where we are economically, and what we can expect in the coming years. Jerry Robinson’s saying is “Follow the Money,” but in order to do so, we have to consult past decisions and events to understand the economic effects that come into play years later. This is especially relevant to the pandemic and the policy responses back in 2020 that produced the inflationary situation of 2022. Similarly, what happens in this year will dictate our financial situation in the next 2-3 years, which will hopefully look better as rates adjust and balance is restored. Tune in for expert insight from Jerry.

Highlights: -We’re in a problematic time of our own making; we’ve depended upon a system that clearly is leading us to a place where people cannot afford basic sustenance in many places -We’re in a very unprecedented time, monetarily speaking. People are realizing that something is very wrong with the US and global economy -2022 is a function of the policy responses we had in 2020. We discuss this particularly in reference to COVID and the response of the federal reserve -Subsequent years will be functions of what happens in 2022 -We don’t know how long the insanity will go, but we do know that we can’t expect to have unprecedented intervention in the economy without unprecedented consequences -You can’t just follow the money now, you have to go back in history and pinpoint where things start -They can’t lower interest rates now because policy drove them to this situation -The fed will reach a place where they increase interest rates, and inflation will then start to settle -Everything is down across the globe, and it’s coinciding with rate increases -The initial inflation rate has already come down in some ways (i.e. oil, copper, gold, etc.) -When input costs come down, the inflation figures will come down -We may not go back to 2% inflati..

Source:
https://www.spreaker.com/user/appeal2/nick-413

1. MSFT and GOOG reported earnings last night. Both stocks are trading higher by 5%. The earnings were not that great, but as I always say, it is the reaction that matters, not the news. APPLE and Amazon report earnings tomorrow afternoon.

2. Later today, the FOMC will conclude a two day meeting. Then the Federal Reserve will make their interest rate policy decision for the US. The central bank is expected to raise rates by 75 basis points. Some investors are looking for a 100 basis point hike, but I do not see that. While this news should be baked into the cake already the verbiage could sway markets. The Fed announcement will be at 2pm ET. That will be followed by a press conference at 2:30 by Fed chairman Powell. 

3. Gold is trading down a little this morning, but remember it has a tendency to react after the Fed news is released. 

4. Bitcoin futures are catching a bid today trading higher by 2.5% to 21,460. So this is simply trading in a range at this time. Just remember, the larger trend is down.

Summary:
Markets are going crazy, and we’re seeing a bit of a crash/pullback in commodities. Charles Nenner comes on the show to present how we can understand this phenomenon in terms of cycles. Charles has been known for using cycle analysis to predict future market moves, and in this episode, he explains some of the logic behind cycles in commodities, gold, and the prevalent markets in these circumstances. Tune in for more insight.

Highlights:
-You can calculate how high/low moves go, and when they happen
-The news isn’t necessarily important; it’s more useful to look at cycles and patterns in the markets
-You can only get a bounce when cycles bottom
-When cycles aren’t in sync, it’s not as easy
-Charles’ rule of thumb is don’t go against the cycle
-We’re looking at a bit of a bounce on Bitcoin
-Cycles are generally ahead of fundamentals

Useful Links:
Financial Survival Network
Charles Nenner Research Center

Summary: Is inflation going to continue, and what effect does this have on your retirement? Retirement expert Nathan Cox comes on the show to talk about how to adjust your strategy for investing/retirement in light of what we’re experiencing in the current economy. Indications of a recession mean that we must re-think our investments, which includes being more selective and making sure that your income is generated naturally. Tune in to this episode to hear Nathan’s advice on setting yourself up for success.

Highlights: -Inflation was running a bit over expectations and came out around 9.1% -What we do largely depends on what the Fed decides to do in response to inflation -They can increase interest rates, but they don’t have any control over the supply chain issue -People remember the 2008 recession, which was an immediate effect -Our current situation is progressing much more slowly -Unemployment is the lagging indicator -We could be in the recessionary position very quickly, and by the formal definition of recession we are technically already there -The Fed is probably going to have to continue raising rates through 2023 rather than raising and then backing off -Supply chain issues and the war in Ukraine are making things more complex -The majority of Americans were relying on things like the 401k, but it’s smart to be more selective with your investment strategy—focusing on quality and dividends -What investments are more protected from inflation? Make sure your income is being generated naturally; don’t exclusively rely on growth and capital appreciation

Useful Links: Financial Survival Network Retirement Income Solutions

Stupid people are running the world and especially the West.

Germany is facing a winter with no Russian Natgas and a potential die off.

They’re setting up warming stations for those without heat.

Now they’re running a trade deficit

Is the death of the Euro imminent?

Debt chaos is coming and the Euro hit parity with the US Dollar. Massive loss of faith.

The Dutch farmers keep protesting and shutting things down.

The Great Resetters are on the move.

Who will buy all that farmland? B Gates and company.

Are they trying to engineer a massive crisis to get their agenda through?

The evidence is there, but is it real?

Source:
https://www.spreaker.com/user/appeal2/nick-409

1. Markets are trying to rally again to start the week. These markets are a bit overbought in the near term after staging a rally last Friday. So far, the S&P 500 Index has held the lows made on June 17th. This is still a market that must be traded a day at a time. 

Oil is also strong this morning trading higher by 4.5% to 102.00 a barrel. I'm not sure that is a positive in the bigger picture, but the market seems ok with it right now.  

2. Bond yields are actually slightly higher today. The 10-year note yield is up by 6 basis points to 2.993%. The 2-year note is 3 basis points to 3.17%. Just so everyone is aware, we have an inverted yield curve between 2's and 10's and that will likely be problematic down the road a little. Almost every time this has happened it has led to a recession. 

3. Gold is finally catching a bid from a very oversold condition. Short term a bounce is due for teh precious metal, the bigger picture still looks weak.   

4. Bitcoin is trading back above the psychological 20,000 level. In fact, it's higher by 5% today to 22,000 which is a very good move up. Short term it lives to fight another day, but.remember, the bigger time frame pattern is bearish, so after this bounce it is vulnerable to decline again, I'm expecting it to test the 13,500 area before finding a decent low.

Summary: Some people overachieve despite a difficult upbringing, and this is the case for this episode’s guest speaker, Ash Cash Exantus. Growing up in the projects of Manhattan, Ash had the cards stacked against him. Nonetheless, he worked his way up and is now one of the best financial advisors in the country. Ash is committed to working hard to reach his highest potential, while consistently reminding others of his humble beginnings and where he came from. He hopes to inspire others to pursue their dreams, upholding the idea that anything is attainable if you’re focused on the right things and have a solid model to follow. Tune in for more incredible advice from Ash.

Highlights: -Some people overachieve despite a difficult upbringing -Ash Cash grew up in the projects of Manhattan and became an entrepreneur at the age of 8 -Ash Cash is now one of the best financial advisors in the country, and is the author of 13 books -If he can beat the odds, so can others. He aims to help other people find greatness rather than making excuses due to their obstacles -By 24, he was a VP for one of the top financial institutions in the world -If you’re focused on the right things and have a model to follow, you can achieve anything you desire -You will only get as far as your belief system. If you believe you will not move forward and be successful, this will be your reality -Instead of trying to lower to someone else’s level to convince them to succeed, Ash believes in continuing to rise up while reminding people where you came from -If you constantly look at negative news, you won’t be able to focus on the positive aspects of life and the opportunities available -His latest book, From the Block to the Bank, recounts his life story to emphasize that regardless of your background, you can maximize your full potential. He outlines 40 key ideas/principles to fulfill this

Useful Links: Financial Survival Network Ash Cash From the Block to the Bank

Summary: A storm is brewing as people stop paying their mortgages, realizing that the system is rigged and things are bound to change. Here to discuss this is David Stryzewski, and he unpacks some of the inflationary phenomena taking place as well as how to strategize in these tumultuous times. You won’t want to miss David’s useful tips, so be sure to tune in to this episode.

Highlights: -A storm is brewing—millions of people have realized that the system is rigged, and have stopped paying their mortgages as a result -This phenomenon is happening in China -If 20-30 million stop paying their mortgage, the legal system grinds to a halt -We have inflation and mass defaults, which go hand in hand -We’re seeing inflation, record high prices, and supply chain issues -We’re probably going to see different dimensions of these issues -The new CPI came out at 9.1% -If we raise rates too high, we kill business activity. If we don’t raise them enough, we kill the dollar -We must analyze the velocity of the situation—or what the actual cost to the consumer is -The Fed is going to be more aggressive, and rates need to go up about another 1.5% by September -The destruction of debt leads to the destruction of money -Everybody’s debt is somebody else’s asset -If debt doesn’t get paid, banks will go down the toilet and have to be re-capitalized again -This time’s housing bubble is different -They may want to do debt consolidation, but the existing laws could trigger a potentially catastrophic event -You need to make sure you have a plan and mitigate risk; budget is something that you CAN control -Have cash ready to deploy -Invest in yourself. If you want to learn how to do your trade more effectively, take the time to acquire those skills

Useful Links: Financial Survival Network Sound Planning Group

Summary: College can be a great investment for anyone’s human capital, but you have to do it right. Here to discuss how individuals and families can plan for college and minimize debt is Brad Baldridge, a certified financial planner that specifically deals with college planning. It is a process that is different for each individual because there are so many moving factors, so it’s important to take into account all of the ways that one can save money ahead of time and eliminate extra costs. Brad gives a lot of great advice that can help young adults and families prepare for this milestone, so be sure to tune in.

Highlights: -It’s a twofold process—picking an are of expertise that will give you a return on your investment, and using all of the hacks/tips that will minimize your future debt -College planning is not a cookie cutter process. There are a lot of moving factors that differ for each individual -Start planning sooner than you think you need to; there is early stage planning and late stage planning -Late stage happens when you’re dealing with the admissions process, testing, etc. -The early stage happens when people are younger and not at the end of their high school career -For some, Brad advises not to attend college immediately after high school -Once you get a serious job, it’s difficult to go back to school -Some people take longer to get their degree, and face more debt later -There are many professionals that help students figure out what they want to eventually do, and what college major will help them funnel into their desired career -College is paid for by income, savings/investments, financial aid, scholarships, and reductions/other expenses -Becoming more efficient is half the battle, and it’s important to be aware of the resources that are available to you

Useful Links: Financial Survival Network Baldridge College Solutions

Summary: We’re experiencing financial, societal, and global insanity that has been a long time coming. In this episode, I speak with Darryl Schoon, who predicted our current situation many years ago when he wrote The Time of the Vulture. Darryl notes the way that the money supply has increased and subsequently lost any value it had. Join us for this episode to hear some of Darryl’s knowledge, and to get an idea of what’s to come.

Highlights: -Darryl Schoon saw all of this coming many years ago -Darryl talks about the concept of the ‘vulture,’ who feeds on blind ignorance and denial -His book predicts the event that we are in now -Individuals and corporations will go bankrupt before the government -After the Federal Reserve took control of the money supply, money no longer had the same value -If all debt was paid, money would disappear; in a capitalist society, there is debt based currency

Useful Links: Financial Survival Network Darryl Schoon

Source:
https://www.spreaker.com/user/appeal2/nick-408

1. Hot CPI number. This was a very hot CPI number released earlier today. Total CPI was up 9.1%, versus 8.6% in May, and core CPI was up 5.9%, versus 6.0% in May. This was the fastest rate of increase since 1981. Now this number is from June and since that time many commodities have sold off and corrected. Remember, the markets are forward looking.  

2. Earnings Season Start Tomorrow.
JP Morgan Chase (JPM) & Morgan Stanley (MS) kick off earnings season tomorrow. Many traders and investors are waiting to hear what these financial giants report and have to say about the future. These stocks also remain very weak on the charts and tomorrow's earnings will be important. 

3. The US Dollar Index (DXY) is making another new high today. The last time the dollar was at this level you have to go back to 2002. It is getting a bit overbought and due for a pullback soon. I think around $109.00 to 110.00 level we see it stall out.

4. Defaults on auto loans and mortgages are up. Inverted yield curve will inevitably lead to recession.

5. The price of Rolexes is heading down along with yacht sales. Same with RV’s. All went wild during the pandemic and have now hit the skids.

6. Gold is flat. It is very oversold here and may need the US Dollar to pullback before it can catch a bid. As we were talking it’s now up $14.5. It’s due for a technical rally. Mining stocks are looking good. Same with Platinum.

7. Bitcoin is trading around the 19,300 area. It continues to bobb and weave around the 20,000 level. Remember, the bigger trend is down and until it tests the 13,500 I think traders must remain cautious.

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Category Business & Finance