Kerry Lutz's--Financial Survival Network

Summary: When the price of gasoline doubles and the overall CPI goes up 9.1%, something seems to be wrong. Everything is doubling and tripling, and the Fed has yet to tackle the true root of inflation. Andy Schectman sits down with me to talk about this, and we compare today’s inflation to that of the 80s. If it were measured in the same way as it previously was, we would see an inflation rate of about 13.6%. The entire system is experiencing major fragility, and the effects of this have only just begun. Tune in for more expert insight from Andy. Highlights: -When was the last time you saw the price of something go down? Andy did see $4.85 gas, so it has gone down slightly, but prices are steadily rising for the most part -The originally reported core CPI in 1980 was 13.8% -Our 9.1% inflation rate measured the way it used to be measured would be 13.6% -In 2020, we had a rate of 1.4%, so the current inflation is 6.5 times more intense than it was two years ago -The federal funds rate has risen, but we’re not getting tough on inflation -Thanks to low interest rates and easy money, assets have become extremely distorted (stocks, bonds, real estate) -If they raised rates to 9%, you would see the immediate implosion of the markets -The dollar is trading at a premium to the euro and yen -With a debt based currency, everything is going to unravel -The real manipulation has always centered around interest rates -With low interest rates, companies and consumers take risks that they wouldn’t otherwise take -We’re seeing a move away from the dollar hegemony because other countries are wondering if they are next Useful Links: Financial Survival Network Miles Franklin

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

Summary: Student debt is higher than ever. Many young adults applying for universities, scholarships, and student loans don’t always know what they’re getting into in terms of financial commitment. Here to talk about this is Ann Garcia, who recently wrote a book called How to Pay for College. Ann stresses that a great education can come from universities that aren’t as costly or exclusive, and we discuss multiple tips for saving money when preparing to apply for college. Tune in for more amazing insight from Ann, and be sure to check out the links below if you want to purchase her book or browse her online resources. Highlights: -There is over a trillion dollars in student loan debt -It’s important for students to understand the reverse mortgage they are taking out when they enroll in an institution -If you’re signing up for six figures worth of college debt, it’s important to look at the return on this investment -The collateral is the student’s future -People often equate cost and exclusivity with quality, assuming that only the most high caliber universities produce the most successful people -When Rhodes scholars are announced, more than half of them usually come from public universities with higher acceptance rates -The factor that will really impact a young adult’s life is the amount of debt that they face after they complete their degree -Transferring institutions and spending more years enrolled can add on to your debt immensely -It’s good to talk with your children about how to set up savings and grow them over time -You can often save money by taking Advanced Placement or IB courses during your high school career, or enrolling in prerequisite courses at a local community college -It is important to keep in mind, however, that not all universities accept these courses. Taking these classes needs to be part of your research on what university to attend -It’s also crucial to focus on having a high GPA; if you’re going to take AP or IB courses, make sure that you will still be able to perform well in these classes -Dual enrollment is also a great option that many schools offer; you can experience the four year college experience without the high price tag -What you see on your FAFSA is not necessarily what college will cost you in total -Students whose families that have saved some money for their education are more likely to graduate -Read the fine print on your financial aid letter Useful Links: Financial Survival Network How to Pay for College Ann Garcia's Book

Summary: A major concern in the economy is preventing recession, but it looks as if we are already in one. I sit down and chat with Michael Pento, the President and Founder of Pento Portfolio Strategies, and he has been accurately predicting the Fed’s moves for quite some time. People are losing their jobs, home prices are about to tank, and we are experiencing the direct effects of a recession. Tune in for more insight from Michael. Highlights: -Michael Pento has been predicting the Fed’s moves very accurately -Powell is saying that there is no recession in sight, but we seem to be in one now -A recession is two consecutive quarters of negative GDP growth -The Fed is forced to hike into a recession because they have no other choice -They keep raising and the dollar is going higher, which is killing manufacturing and exports -If they want to get to neutral, they have to be restrictive -They’re just now starting to flight inflation, but we’re already in a recession -With a deflationary collapse in the economy, we would need cash -Employment fell last month -The household survey shows that 315,000 people lost their jobs -The banks are the big winners on inflation; they get -When lending begins again, that’s when the banks take off Useful Links: Financial Survival Network Pento Portfolio Strategies

Summary: While all asset classes are experiencing volatility, the self storage sector of real estate has a lot of promise. Drew Dolan comes on the show to discuss some of the advantages of investing in self storage. As the Principal and Fund Manager of DXD Capital, he is extremely knowledgable on this sector, and explains how it has flourished in recently years. If you want to know more about self storage and the logic behind investing in it, be sure to tune in to this episode. Highlights: -Real estate is up in the air, and virtually every asset class is going through tremendous volatility -Self storage is a sector of real estate that may become a beneficiary of this uncertainty -It’s extremely efficient from an operational standpoint -Picking location matters the most in self storage, and you can look at a lot of data before making investment decisions -Even though interest rates and constructions costs are up, there are still many great deals available in self storage -In development, it’s riskier and requires more effort -In the last fifteen years, the utilization of self storage has doubled -The pandemic was good for self storage; there were a lot of new users Useful Links: Financial Survival Network DXD Capital

Summary: With the dollar going higher and precious metals going lower, the markets are crazy. Here to analyze this is Bob Hoye, who uses historical trends in financial markets to evaluate what is happening in the contemporary economy. The current patterns within precious metals and interest rates are indicative of a great financial bubble. Tune in to hear Bob’s perspective, and data driven predictions on what’s to come. Highlights: -The markets are crazy; the dollar is going higher and precious metals are going lower -Bob has looked at extensive history on financial markets, and over time we’ve seen patterns with financial bubbles -With the conclusion of a great bubble, copper’s real price goes up and gold’s real price goes down -In July 2020, the precious metals sector got completely overbought -In a financial bubble, gold deflated goes down; then it stabilizes and goes up -Bob has been specifically looking at the rise of gold’s real price in relation to the CPI -If you’re in the mining business, get out of base metals and into the gold business -Gold, base metals, and real long interest rates have done what they are supposed to—indicating that the bubble is over -The Fed has tried to inflate in previous crashes -The dollar is going to keep going up -In China, base metal mining and gold mining have soared -High prices for metals build capacity Useful Links: Financial Survival Network Charts and Markets

Summary: Markets are in turmoil, commodities are crashing, and instability seems to be the overarching theme. Here to talk more in depth about this is Octavior Marenzi, CEO/co-founder of Opimas. The fundamental issues and problems have not changed, as central banks pump huge amounts of money into the markets. Once these inflationary waves start, they’re extremely difficult to suppress. Is there hope for the future? Tune in to find out. Highlights: -Wars are continuing—perhaps with more on the way -It’s a hazardous minefield you have to navigate through to protect your wealth -It’s better to lose to inflation than to lose in the markets or in bonds -Is this decline/bear market different than the previous ones? -The deciding factor in this market is what the Fed does—and Jay Powell seems to be playing a poker game -The fundamental issues and problems have not changed—central banks pump a huge amount of money into the markets -There may be expectation that they will drain liquidity out of the markets in the future -When inflationary waves start, they’re hard to suppress and become intractable -People want to trade their cash for items that they believe will be more valuable -There isn’t a clear strategy to pursue right now -Bitcoin is looking weak, and the housing market looks shaky as well Useful Links: Financial Survival Network Opimas

Summary: Have we already reached a recession? As the economy slows down and people begin to stop purchasing, it seems as if this is the case. Here to discuss this is John Rubino from Dollar Collapse, and he unpacks the current decline of the global economy—expanding beyond the US and touching all markets. Things are only going to get messier, so tune in to hear what to expect in the near future. Highlights: -Gold and silver are getting decimated, and everything else seems to be getting decimated worse—such as oil -The economy is slowing down; people are buying less stuff because prices have increased astronomically -We are possibly in a recession already -The dollar is going up relative to other currencies; the European bank was forced to tighten, and yields started to go up -Their plan was to tighten German bonds, and they are going to keep financing deficits -Investors have to figure out how to allocate their money based on what the economy of the world is going to do going forward -By the end of this year, there is a chance that we will be back in easing mode -This is just like what has happened the last three/four times around, but on a bigger scale -In many areas of the world, we’re seeing food riots -Things are going to continue to get very messy -A lot more people are probably going to come out and vote in this midterm election Useful Links: Financial Survival Network Dollar Collapse

Summary: Many people are leaving their corporate jobs to become entrepreneurs. This can be good move in many circumstances, but it’s important to know what you’re getting into. Business coach Kevin Stansfield comes on the show to talk about how you can minimize your risk when purchasing or starting a business, and there are a number of factors to keep in mind with both. You must have a clear vision of where you want the business to be in the future, and it’s crucial to get advice to someone who has bought or started a business before. Tune in for more insight. Highlights: -Many people are leaving their jobs to become entrepreneurs -There is a big difference, however, between starting a business and buying one -Kevin has been coaching businesses now for about 16 years -Kevin’s Dad had a difficult experience buying/owning a business -Kevin got into business coaching for business owners like his Dad who are passionate about what they do -Try to find the business that is going to be the next big thing—what Kevin calls the ‘unicorn.’ A lot of luck is involved -It’s also important to ensure that you can get paid forever -The biggest mistake people make is that they don’t have clarity about where they want the business to be in the next 5-10 years -You must master your brand, which entails sales, advertising, marketing, and all of the factors involved -A lot of learning happens through trial and error -Get advice from someone who has bought a business before. To mitigate your risk, you can buy a franchise -When you start a business from scratch, there are no systems in place, and you have to build them from the ground-up yourself Useful Links: Financial Survival Network Kevin Stansfield LinkedIn ABC - ActionCOACH The Big Dipper Book

Summary: If you don’t change the way you’re doing things, you may have to retire the idea of retirement. Thankfully, Randy Sevcik has great advice about how to better plan/manage your retirement. In order to plan for the future, it’s important to consider the psychology behind what has brought us to the current point in the economy. Randy helps clients build timelines by looking at each individual investment, and then creating a strategic plan for balancing income and growth as someone gets closer to retirement. Tune in for more insight. Highlights: -There has been madness in the markets; we knew this was coming, but it still has a large impact on us -You have to look into the psychology of what has brought us to this point -Roughly 10,000 citizens are retiring every day, and it will stay like this for the next 8-9 years -For the first time, half of our population will be at or in retirement -This isn’t going to be your typical recessionary or inflation period because the psychology behind it is different -Most of the money in the market comes from people aged 55 and older -Randy builds timelines by looking at every single investment someone is going to do. As you move closer to retirement, you have to become more conservative and be okay with missing out on potential growth -Some people are going to panic and purchase things that they shouldn’t -Look at market sectors based on what’s going on with the overall economy (i.e. energy) -To get through the emotional part of it, it’s important to trust the math and map out your plan quantitatively -It’s also crucial to balance income and growth -The people fixing the problem must admit there’s a problem Useful Links: Financial Survival Network Elite Group Retirement Services

Summary: Is the madness coming to an end, or is there more in store? More importantly, what does this mean for your wealth, portfolio, and retirement? I have Mark Singer on the show to talk about the current state of the markets, and why the mayhem is any different this time around. Markets go through cycles, and the way we perceive the fluctuations is influenced by personal perspective and how we time our own financial decisions. Tune in for more insight. Highlights: -The markets always go through cycles, so nothing has necessarily changed in that regard -Bear markets happen every 3.5 years, so what has changed? -For most, the current markets don’t have a true impact on their long term lives unless they are highly dependent upon portfolio income -This time being different than last time in regard to the markets going down has to do with perspective -The markets overreact on the upside and downside -The real problem that people face in planning their retirement is timing -The fixed income markets have been disastrous -When consumer sentiment is at a low, markets rebound strongly -The biggest mistake you can make right now is to overreact Useful Links: Financial Survival Network Mark Singer

Summary: Previously, we were seeing the potential for a new cycle in commodities with metal prices going up. 90 days later, the Federal Reserve is trying to fix what they created in the first place. Gold and stocks have somewhat of an inverse relationship, with worsening bear markets for stocks creating better conditions for gold stocks. With the lingering question of what the Fed is going to do, and where the markets are headed, there is a lot to cover. You don’t want to miss anything, so be sure to tune in to this episode. Highlights: -Everybody is wondering when/if the Fed is going to pivot -Congress’ first order of business is to get re-elected -If you’re leveraged or over-leveraged right now, it’s not a good feeling -The worse the bear markets get in stocks, the better it is for gold stocks -Gold price always bounces back and goes a lot lower than one would expect -Values/fundamentals don’t mean anything—the only thing that matters is the cash and leverage you can acquire in these instances -While everybody is selling, you’ll have cash and will be able to make rational decisions -The Federal Reserve was initially there as a backup -The goal of the Fed then shifted to keeping prices and employment stable. Finally, they decided they needed to keep stock prices going up permanently -We may have had a bottom because two days ago there was a rally -The stock market is ridiculously oversold and due for a bear market rally Useful Links: Financial Survival Network Junior Miner Junky