Kerry Lutz's--Financial Survival Network

Addison Wiggin was with Kerry to discuss a broad range of topics related to finance and economics. They talked about the importance of understanding big trends and positioning personal money accordingly, as well as the mistakes made during the boom and the importance of good investment practices. They also discussed the causes of inflation and how it is impacted by the reserve currency of the world, arguing that inflation is primarily a monetary phenomenon and that the Federal Reserve's policies have a global impact. The speakers also discussed the problems with cryptocurrencies, including the collapse of FTX and the involvement of the SEC in investigating crypto fraud. They agreed that cryptocurrencies lack many of the principles of currency and are not a medium of exchange per se'. Additionally, they talked about the psychology of financial markets and the importance of self-regulation, noting that the dopamine rush that comes with boom profits in financial markets makes it very difficult to self-regulate, especially for inexperienced investors. Free Report Anatomy of a Bust: https://jointhesessions.com/fsn/ Link to Addison's Show: https://jointhesessions.com  This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3244966/advertisement

Bob is an experienced franchise consultant who provides personalized guidance and support to clients throughout the entire process of Franchise evaluation, financing, and acquisition. Having spent over 30 years in franchise development and consulting, Bob has a deep understanding of the industry and is committed to helping people achieve their personal and financial goals through franchise ownership. Bob’s expertise includes identifying his clients’ goals and preferences, researching and selecting the right franchise opportunity, helping with financing options, and navigating the legal and operational aspects of franchise ownership. Through his decades of experience, Bob has developed strong relationships with both franchisors and franchisees, and he is known for his exceptional service and commitment to helping his clients make informed decisions that align with their unique goals and aspirations. Whether you’re looking to exit your corporate life or explore semi-passive franchise opportunities, Bob is here to help you find your perfect match and create a brighter future for you and your family. With his guidance and support, you can achieve the greatest level of satisfaction and success through franchise ownership.   SUGGESTED INTRODUCTION: Meet Bob, one of the nation’s top franchise consultants, who is passionate about helping people achieve the greatest level of satisfaction and success through franchise ownership. With years of experience guiding clients toward top-performing franchise brands, Bob provides personalized guidance and support throughout the entire process of franchise exploration. Whether you’re looking for an exit strategy from corporate life or a semi-passive opportunity, Bob is here to help you find your perfect match and create a brighter future. INTERVIEW TOPICS Why Investing in Franchises Outperforms Real Estate Investment Top Franchise Opportunities That Generate Lucrative Returns for Under 200K Part-Time Wealth Building with Semi-Passive Franchise Investments How To Find The Perfect Franchise Fit Can You Sell Your Job? Insider Secrets of Successful Franchise Investors Franchise Scaling Strategies for Creating Multi-Generational Wealth CONNECT WITH BOB Email: Bob@FranchiseWithBob.com   Phone: (610)506-0002             Linkedin:  in/robert-bernotas-a62290102   Visit Bob at: https://FranchiseWithBob.com Visit FSN at: https://FinancialSurvivalNetwork.com  This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3244966/advertisement

Jim Masiello, the founder of insurance giant SIAA, had banks and the IRS come after him for tens of millions of dollars. He fought them for two years and was able to negotiate a deal with the IRS to pay $400 a month for ten years, which ended up being $48,000. He learned that hard work and persistence can pay off and that it is important to build relationships in business. Get the book at: https://www.amazon.com/Screw-U-Memoir-Jim-Masiello/dp/1958729396 Visit FSN at: https://FinancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3244966/advertisement

Dave Dubeau helps real estate investors access private capital to grow their portfolios. He recommends bringing on a joint venture partner to share in the risks and rewards of a deal, and suggests getting featured on podcasts to show their network that they know their stuff. He also advises to keep deals simple and to educate their network about the benefits of investing in real estate. Dave Dubeau recommends real estate investing as a long-term investment, citing its many benefits such as cash flow, mortgage pay down, forced depreciation, and multiple exit strategies. He also warns against making mistakes such as showing off the best deal ever and soliciting capital online, which can be illegal. He suggests getting an expression of interest from potential investors to increase the chances of them investing.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3244966/advertisement

1 .Friday was a huge market surge as the debt ceiling was approved by the Senate. There was also a goldilocks job report released on Friday morning. It's amazing how that happens. 2. Saudi Arabia will implement an additional voluntary cut in its production of crude oil, amounting to one million barrels per day. OPEC+ makes no changes to oil production targets.Crude is trading higher by 1% to $72.40 a barrel. 3. Apple (AAPL) is holding its Worldwide Developers Conference today where it is expected to unveil a mixed reality headset. The cost is about $3000.00 for the headset. AAPL stock is making new all time highs this morning. 4. The financial stocks are weak today across the board. the Regional Bank ETF (KRE) is trading down by nearly 3%. While this has improved recently it still is a weak chart on the larger time-frames. 5. Gold is trading up today, but did sell-off on Friday. So far, the $1940 support level is holding. Just remember, this is just daily chart support. 6. Bitcoin futures are down 2% today. They have been in a choppy range and can go either way short term.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3244966/advertisement

Kerry Lutz and Jeremy Cordon discussed Gold Backs, a form of commodity money that is split into a thousand pieces and wrapped in a protective layer to make it nearly impossible to counterfeit. Nearly half of all small businesses approached are interested in accepting Gold Backs. Since 2019, they have become the most successful local currency in American history. They are worth four dollars each and have a 5% spread on them, tighter than silver. Gold Back Inc. has created a product that is a series of local currencies that are tied to the Uniform Commercial Code and are exchangeable for a gold eagle. It has been sold on every continent except Antarctica and has added three quarters of a million people to the gold market in the past few years. It is sold by big metals dealers and online retailers, and more information can be found at www.GoldBack.com. Visit GoldBack at: https://GoldBack.com Visit FSN at: https://FinancialSurvivalNetwork.com  This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3244966/advertisement

Russell Stone discussed the current state of the economy with Kerry Lutz on the Financial Survival Network. He believes that the Consumer Confidence Index is a hiccup and that the market is trending down due to the decrease in used car prices, real estate prices, and unemployment. He suggests that people should have a base of their portfolio in precious metals and money market accounts that only buy T-bills. He believes that the US government is in trouble due to its debt and unfunded liabilities and that the day of reckoning is coming. He suggests that people should pull out unnecessary money from the market, buy low and high, and pay off debt. He believes that the deflationary cycle is underway and that the government will have to write off some debt in order to get the economy going.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3244966/advertisement

Roei Ganzarski's company Alithieon has developed a technology that enables authentication and verification of items without the need for etching, serial numbers, or any other form of identification. This technology uses a feature print to identify items with just a camera. BMW is the lead investor in the company, which has over 45 patents and is already being used in five distinct segments, including luxury goods, collectibles, transportation, DOD, and pharmaceuticals. The technology is robust enough to identify items even after they have been altered or scratched, and can even identify counterfeit items. The company is currently privately held, but hopes to go public in the next 24 months. Visit Alithieon's site at:  https://alitheon.com Visit FSN at: https://FinancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3244966/advertisement

Wayne Zell, a CPA and attorney, discussed the importance of having an exit plan in place when starting a business. He recommends creating a revocable trust to avoid probate and to maintain control of the business. He also suggests having a management succession plan in place to ensure family harmony and to benefit the community. Wayne also advises entrepreneurs to make time for their passions outside of work and to plan for the future after exiting the business. Visit Wayne at: https:/waynezell.com Visit us at: https://FinancialSurvivalNetwork.com  This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3244966/advertisement

Jordan Roy-Byrne agrees that the market often seeks to frustrate the majority of participants, especially in the precious metals and mining stocks, particularly the juniors. He believes that gold will break out above $2100 when the economy moves towards a recession and the Fed is forced to ease policy. This could happen as soon as September or as late as winter. Jordan Roy-Byrne discussed the current state of the gold market, noting that gold needs to break out above $2100 for there to be a real bull market in the sector. He also noted that patience is needed, as the recession and the 2020 elections will likely play a role in the gold market's performance. He also mentioned his publication, The Daily Gold Premium, which provides content and analysis on the gold market. Visit Jordan at: https://TheDailyGold.com Visit FSN at: https://FinancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3244966/advertisement

Christina Curtis believes that success is no accident and that it requires getting comfortable with being uncomfortable, managing cognitive dissonance, and setting up a regiment that brings out one's best. She also suggests that eating healthy food can help increase productivity. Christina Curtis discussed the importance of exercise and fasting for optimizing mental acuity and building confidence. She also discussed the power of visualizing success and creating a regimen for the brain and body to be at its best. Visit Christina at: https://curtisleadership.com/ Visit FSN at: https://FinancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3244966/advertisement

David Erfle and Kerry Lutz discussed the differences between the price of metals and stocks, and how the lack of retail investors in the sector has allowed for manipulation of stock prices. They also discussed the debt ceiling and how it is used as a political tool, and how it is ultimately meaningless. The also talked about the current state of the market, the effects of inflation and deflation, and the importance of being patient and accumulating quality juniors. David explained his service's ability to help identify the right stocks and keep investors informed about the sector. Lastly, they discussed the Precious Metals Summit in Colorado in September and that both of them would be attending. Visit David's site at: https://JuniorMinerJunky.com Visit us at https://FinancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3244966/advertisement

Kathleen Day has written a book about the history of financial crises in the US, which have been occurring since the founding of the country. She explains that while deregulation can be beneficial, it must be accompanied by increased oversight to prevent crises. People tend to forget the lessons of the past and take more risks when other people's money is at stake. The reserve requirement is meant to protect against liquidity crises, but if the demand for deposits continues, banks can still become insolvent and taxpayers must pay the price. Kathleen Day discussed the similarities between the financial crisis of the 1980s and the current situation, noting that both had to do with inflation and interest rates. She also discussed the role of the government in regulating banks and the need for stress tests for all size banks. Lastly, she discussed the dangers of moral hazard and the need for banks to be conservative in their investments. kathleenday.com FSNThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3244966/advertisement

Michael Pento believes that the Fed's rapid rate increases have caused a banking crisis, and that the Fed's actions have created an artificial construct that will lead to a deflationary recession/depression followed by runaway inflation. He predicts a 30-50% drop in equity averages and suggests investors play it safe by collecting dividends in a safe manner. Michael  discussed the unsustainable levels of global debt and the potential for deflation and a depression if the Fed does not take action to reduce debt levels. He believes that inflation is not the answer and that the middle class will suffer if it continues. He suggests that the Fed should reduce the balance sheet and remove the gamblers from Wall Street in order to create a healthy economy. Key Topics discussed: Discussion of the Impact of the Fed's Rapid Rate Increases on the Banking System Impact of AI on the economy The effects of inflation on the economy Discussion of the Political Power Struggle in the US Global debt is unsustainable with high interest rates and inflation. Impact of Federal Reserve and Treasury policies on the economy The need for a vibrant and healthy middle class Visit Michael's site at: https://PentoPort.com Visit FSN at: https://FinancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3244966/advertisement

John Rubino is concerned that automation and government debt will lead to a collapse of the current system, and suggests that people should move their money into assets that cannot be inflated away. He also suggests shorting certain stocks and buying long-term options as a way to make money from the collapse. Kerry Lutz suggests using inverse ETFs and buying puts on the Housing Homebuilders ETF as other ways to make money. He also mentions a drug, Amg tide, that could help people with addictions to consumerism. John Rubino and Kerry Lutz discuss the potential implications of a drug that could cure addiction, including the potential for a global depression, a universal basic income, and a civil war between the boomers and the millennials. They also discuss the Bilderberg Group and the possibility of Elon Musk being co-opted or assassinated. John Rubino believes that leading economic indicators are flashing red, predicting a major recession coming, and that commercial real estate is a mess. He also believes that China's Belt and Road initiative has resulted in them taking over infrastructure in the developing world, and that the US has a history of exploitation and economic imperialism. Debt limit drama is ridiculous. They do this every time. The ultimate Kabuki. The limit has been raised 78 times by both parties.  Lots of signs of a slowing economy -- Leading indicators index is in pre-recession territory. -- Commercial real estate continues to crater. -- Home sales are down 23% year over year.  -- Home Depot just reported really bad numbers.    US might send fighter jets to Ukraine. Major escalation.  Gold and silver are down. Is this the end of the run or just a correction NYC lost 5.3% of its population — nearly a half-million people — since COVID, with most heading South Bilderberg Group meeting underway in Lisbon includes heads of ChatGPT creator OpenAI, Pfizer, Microsoft, Goldman Sachs and… Stacy Abrams Overseas, China springs the debt trap on loans to a dozen countries a dozen countries most indebted to China — including Pakistan, Kenya, Zambia, Laos and Mongolia are finding out there China is a very unforgiving lender.  Read John’s work at: https://rubino.substack.com Visit us at https://FinancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3244966/advertisement