Kerry Lutz's--Financial Survival Network

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 investors, and these are great places to introduce yourself -Build a flyer to give people information about a property Useful Links: Financial Survival Network Wholesaling Inc. - REI Radio Program with Grace Mills

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

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: www.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 volatile in general than the stock market as a whole -The inflation we’re dealing with now is a three headed monster—some of these things can’t be fixed with interest rates -A word of advice - focus on what you control. Focus on paying off credit cards to reduce debt, plan your day to be efficient with fuel/time, Useful Links: Financial Survival Network Tactive - Eddy Gifford

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: 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: 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: 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% inflation any time soon, but the fed is managing expectations -A decrease in inflation, even if it isn’t extreme, will feel like a victory -When things get somewhat better, this is where a lot of money is made -When pessimism is rampant, investors look for high quality, dividend paying companies Useful Links: Financial Survival Network Follow the Money

Summary: We’re seeing oil price shocks, commodity booms and busts, and various factors that are threatening to de-throne the US dollar. Why is this happening, and what does this mean for the global economy? I have Martin Armstrong on the show to discuss this, and he explains the various changes that have occurred—such as sanctions in Russia and countries opting to not borrow in dollars—that put the dollar at risk. Not only is the dollar in danger in these conditions—this shift in currency use greatly affects the world economy. Tune in for more information. Highlights: -The dollar has been the one currency that anyone can write a bond in -So many emerging markets issue debt in dollars so that they can sell to American investors without the foreign exchange risk -The dollar has had less restrictions globally, which has made it the reserve currency -The sanctions imposed upon Russia are devastating to the global economy, and have ultimately split it in half -The world economy has functioned by the free movement of capital, but these sanctions have essentially sent off a warning to the entire world related to getting assets confiscated -When sanctions are put on individuals, the situation worsens -The dollar has been weaponized effectively -This issue will probably become more serious after 2024 -This is not worth destroying the entire world economy over -Russia seems to have been provoked into this war -We’re going to have high energy prices in Europe and Asia no matter what happens -2023 is going to be a massive turning point; it looks as though it can’t possibly get any better, and it’s probably going to cascade into chaos -A lot of the real estate has been European buying -As the dollar goes up, Japan and China are selling their bonds -We’re in a complex situation; there isn’t just one factor that is contributing to the economic turmoil -Chinese real estate is the largest asset class in the world, and it appears to be imploding -China warned banks years ago not to borrow in dollars Useful Links: Financial Survival Network Armstrong Economics

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: 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 eventually stop doing. This can include too much media consumption. This will free up time for you to listen and learn -Things you may also need to leave include a job, negative habits, a negative mindset, or toxic people -Now may be the time to speak or write on what you know; there are many websites that facilitate in getting your voice heard -Nutrition, exercise, and sleep are things that people often take for granted, which is something that you can change in your own life today Useful Links: Financial Survival Network Robert Bendetti LinkedIn

Summary: Germany has been capable of making well reasoned decisions over the years, but recent events have indicated quite the opposite. John Rubino comes on the show to talk about the chaos occurring with Germany’s lack of gas, and the lack of faith in the euro. With civil unrest and the inevitable need for the European central bank to tighten, unfortunate outcomes are in store for Germany—and the future of Europe. Listen in for more information. Highlights: -A few years back, Germany decided to cut deals with Russia for natural gas—which would make Russia a primary supplier for their natural gas -They put a hostile military alliance right on their border, and now Russia isn’t exporting natural gas to Germany -Germany is currently setting up warming stations -Energy is crucial to Germany’s economy, and now they’re running a trade deficit -The only reason the euro was a viable currency was because everyone perceived the euro to be a new version of German currency. They also thought of the other outstanding debt as being German debt -Nothing is propping up the euro, which is why there is now chaos -People are losing faith in the euro and Germany. The only solution would be taking back the sanctions and trying to make peace with Russia—but it’s also not in Russia’s best interest to do this -There is a lot of civil unrest taking place -Damage is being done to agriculture; all of the farmers in the EU are rebelling -The European central bank has no other choice but to tighten Useful Links: Financial Survival Network Dollar Collapse