Kerry Lutz's--Financial Survival Network

Summary: -In spite of lower earnings, we’re getting a market bounce. Avi Gilbert comes on the show to give us an idea of what’s going to happen. Moving in the opposite direction of what was expected, we’re seeing a rally that could last a few more weeks. During a time like this, it’s easy to get swayed by the news, but Avi asserts that following charts and markets can help you pinpoint the highs/lows. Tune in for more insight on what’s to come. Highlights: -We’ve done the opposite of what everyone expected, and we could rally for a few more weeks -Avi is watching how the rally takes shape in order to determine if we’ll see a higher high over 4800 or not -Tune out of the news and listen to the charts and markets -It’s the interpretation of the market participants that will drive what happens -Silver possibly has a lesser potential for already hitting its low -With energy, Avi is questioning if the low has already been struck -Avi doesn’t believe that bonds are completely dead right now, but this is subject to change Useful Links: Financial Survival Network Elliot Wave Trader

Summary: How much longer will we have to endure the treacherous economic waters? Adrian Reid comes on the show to give us some insight on the how these trends will play out in the near future, reminding us of some of the factors that contribute to a bear market. It’s more important than ever to study market history and know what the markets are capable of in these conditions. Tune in for more knowledge and tips from Adrian. Highlights: -We’re in a category five economic storm around the globe, creating treacherous waters for investors -How much longer will this trend continue? -If we don’t get inflation under control, bad things are going to happen -The biggest up days and strongest rallies occur in bear markets. It’s important not to be fooled; be wary of jumping on board -Many traders/investors lack patience, which is their biggest downfall. In the markets, you have to adopt a long-term view\ -Look for long-term change in a trend and lower volatility -Market volatility remains high, but we’re not in a bull market -Knowledge of market history is crucial. It’s important to look at charts (i.e. DOW, S&P) and study them at a granular level -Eventually, we’re going to have to start looking for a bottom, but it’s important to be patient Useful Links: Financial Survival Network Enlightened Stock Trading

Summary: Inflation is here to stay, and Lobo Tiggre comes on the show to talk about why this is the case. Countries like China are paying the price for their totalitarian form of governing, as well as countries/states that were more strict during the pandemic. Additionally, we are in the midst of a bear market that is a product of the Fed raising rates, and the US consumer is still spending in hopes that the Fed will beat inflation. Tune in For more insight. Highlights: -Things look bad right now, but fear not—we’ve been here before, and we’ve gotten out of it -China is now paying the price for having totalitarian power; they are still struggling as a result of the lockdowns -The states that were more ‘free’ during the pandemic are doing better now -We’re in the midst of a bear market that is a reaction to the Fed’s raising of rates -In the US, the consumer is still spending -The average person still things the fed is going to beat inflation -Triple digit oil prices are probably going to be the new normal -If you don’t like the price of gasoline, buy some oil companies and profit on the upside -Utilities are regarded as a safe investment, but they don’t have control over their pricing—they’re governed by politics -In regard to currency, the dollar will be the last man standing Useful Links: Financial Survival Network Independent Speculator

Summary: If you’re interested in real estate and/or home flipping, you’ll want to tune in to this episode. Glenn and Amber Schworm have done a thousand home flips and brought in thousands of dollars of revenue from this business venture. They come from humble beginnings, entering the industry with no money but a surplus of determination and drive. They are passionate about helping everyday people create wealth through real estate investing, and you can hear more of their story and ambitions in this episode. Highlights: -Glenn started his first company at 19, and him and Amber were in networking/marketing companies -They were in debt and had to decide what professions to undertake -They went to a real estate seminar, and the speaker made them consider the concept of flipping homes -The first flip is always the hardest. Glenn and Amber used a bank loan to buy the house, and credit cards to do all of the flips. After they flipped it, they brought in $17k -In 2008, they lost all of their funding for their houses under contract, and started utilizing private lenders Useful Links: Financial Survival Network Glenn & Amber Schworm

We sat down for a sponsor update with Fury Gold Mines’ CEO Tim Clark and SVP of Exploration Brian Atkinson. The company recently concluded an 18,000 meter drill program and has received half of the results to date. Drill results from two holes came in particularly strong, with the first (drill hole 22EC-055) intercepting eight zones of mineralization across 290m, including 4.0m of 5.75 g/t gold, 1.0m of 9.81 g/t gold and 3.0m of 1.93 g/t gold and with the second (drill hole 22EC-049) intercepting six zones of gold mineralization across 350m including 1.0m of 21.40 g/t gold and 4.50m of 1.09 g/t gold, at the Hinge Target. This resulted in mineralization being extended by nearly 25%. SVP Atkinson explained, “We have now stepped out over 450m from the defined Eau Claire Resource and have yet to find the limits of the mineralized system…further drilling may potentially lead to a substantial increase in defined gold ounce resources. The goal is to find 2 million ounces.” CEO Clark added that he is very pleased with the results and the company is looking forward to next year’s drill program. The recent partial sale of Fury’s shares in Dolly Varden Silver, together with other earlier transactions has left Fury with C$13 million in the treasury. Thus next year's drill program is in the bank. The company's stability continues to attract additional institutional investors and interest from major producers. While many of its peers have had to put things on hold, Fury continues ahead unabated. The junior mining sector finds itself in a paradox. Institutions are following the sector closely, while individual investors are all but ignoring it. Quite clearly there is a disconnect and this could be the pathway to large profits, which is why we own shares in Fury and are committed to the sector. Company website www.FuryGoldMines.com  Ticker Symbol: TSX/NYSE American: FURY

Summary: What can you do to accomplish your goals and lower your risk within the current economic environment? Russ Morgan from Wealth Without Wall Street comes on the show to talk about how you can make sound investments in uncertain times, and ultimately mitigate your risk. Russ emphasizes the importance of monthly cash flow investments, and recommends the non-typical investments. Tune in to hear more about how you can manage your risk and make wise decisions in uncertain economic circumstances. Highlights: -Inflation is showing no signs of letting up, everything is getting more costly, and we’re seeing heightened geopolitical risks -You can’t live off of fixed income without it being impacted whenever the government makes changes -You can’t eliminate the effects of inflation, but you can creatively mitigate your risk in a few ways -Russ has been investing for cash flow very heavily over the last 2-3 years -Passive income greater than monthly expenses is financial freedom -Rents in the real estate are going up rather than down -It’s helpful to invest in multiple cash flow sectors—especially non-typical investments -Russ recommends The Art of Passive Income Podcast if you’re curious about land investments -How long is this down cycle going to last? -Interest rates will probably raise for the next 12-18 months, and then come down sharply -This makes sense if you consider that the commercial banks own the Federal Reserve -Find investment opportunities that make cash flow on a monthly basis. Everything can lose money, but making cash monthly puts you in a more secure position -Investing for rate of return and not understanding what you’re investing in are some of the greatest mistakes, according to Russ -Many people invest in things that they can’t touch, with no access to their cash flow Useful Links: Financial Survival Network Wealth Without Wall Street

Summary: Could the Yen be the currency to collapse and set off a domino effect? I sit down and chat with John Rubino about all of the economic factors that are contributing to the state of flux we are in. At the most basic level, it is a problem of currency and inflation, but extends to relations with Russia, the prospect of war, and the major mindset shift that is taking place. We are in a time of immense change, and numerous issues are contributing to this change. Tune in for more insight. Highlights: -What’s going on with the Yen? It’s all the talk right now -For the past 30 years, the Japanese has been borrowing large amounts of money and using it to finance infrastructure programs -For a long time, this worked, and they could take debt at extremely low interest rates. Now, they are facing large inflation, and are struggling to support the currency -Could the Yen be the currency to collapse and set off a domino effect? Time will tell -China is the only major economy that is cutting rates, but their currency is falling as well -Previous bubbles have been sector specific, but this one is centered around money -Europe is stocking up on natural gas in preparation for the Russian cutoff -There is zero inflation in the commodity space -Used cars and home sales are also down -The people in charge right now seem to want a war -Elections are coming up as well, and we’re seeing people settling for candidates they may not normally prefer -States have changed their political alignments, with generational shifts. We may be on the verge of one now -These things change for a number of reasons. It looks as if we are now focused on things like crime and the declining country -The Republicans have shifted their rhetoric to appeal to working people rather than corporate CEOs -Groups such as Latinos have shifted their alignment -There is a shift in the voter profile that is taking place. This is a necessary shift; we should be focused on class issues and increasing the wealth of the working people Useful Links: Financial Survival Network Dollar Collapse

Summary: If given the choice, why wouldn’t you reduce the risk of your home getting broken into? Thankfully, you DO have the choice, and Robert Siciliano comes on the show to talk about how this type of risk reduction is massively underutilized. We live in a society where people are preoccupied with information security measures, and yet, these same people neglect to install security systems in their own homes. These extra measures are not synonymous with paranoia; rather, they instill preparation for the criminal activity that can occur anywhere—no matter how safe you perceive your neighborhood to be. Tune in to hear more about why home security is especially important now, and to learn about how you can start taking extra measures. Highlights: -We’re in a post-pandemic inflationary environment. How do you survive and thrive in this world? -Lots of people are resorting to violence and theft. Throughout the pandemic we’ve seen increases in substance abuse, domestic violence, and more division than we’ve ever seen -There has been an increase in crime all across the board -Taking extra security measures is especially important right now -Security begins with the person; you need to understand personal security practices -15-20 million homes are going to be burglarized in the next decade -Most people don’t have a home security system because they believe they live in a “safe neighborhood.” Safe is an absolute; there is no such thing as a 100% safe neighborhood -Crime may be less frequent in certain locations, but it still occurs -People often perceive those that engage in extra security practices as paranoid -Most people are in denial about the level of risk they expose themselves to -It’s crucial to understand your risk and put various levels of security in place. When you do this, you are a much more difficult target -We know that the “it can’t happen to me” mentality is unrealistic, and this is why we take precautions in everyday life (i.e. putting on a seatbelt in a motor vehicle) -The people that are preoccupied with information security are the same individuals that don’t have home security systems -If you could cut your odds of being burglarized, why wouldn’t you? -Security is ongoing, and it is a process you need to be engaged in -As humans, we trust by default, and this trust is necessary for our society to function. But it is important to recognize risk Useful Links: Financial Survival Network Protect Now

Summary: The inflationary genie is out of the bottle…will we ever be able to get it back in? Here to weigh in on this is Mark Skousen, infamous economist and producer of FreedomFest. In regard to inflation, we are seeing some of the expected effects based on past inflationary periods, but some unexpected conditions for the dollar and gold. It is becoming more clear that, while our current circumstances resemble the 1970s, things are different this time around. We also discuss the global implications of the dollar, and look to the future of digital currency as our other currencies become increasingly unstable. Tune in for more insight from Mark. Highlights: -Inflation and interest rates are never neutral; they affect certain sectors more than others -The Fed’s hands are full, and we are in a time of instability -A recession in the stock market was inevitable -Inflation is not going away any time soon, but it will go down as the Fed tightens. Money supply growth is also down to 5-6% a year -The Fed is serious about fighting inflation -In the 70s, the dollar was weak and gold was going through the roof. We are currently seeing the opposite of this situation -This is having global effects; everything is priced in dollars -With high inflation, you would think that gold would be higher -Supply chains have been disrupted -There has been a slowdown in China, and real estate has been in turmoil as well. People are refusing to pay mortgages -They are also experiencing a population growth collapse -It’s easier to call a top in Bitcoin because they are obvious. The bottoms, on the other hand, are more sublime -It still doesn’t fall into the definition of a currency -They need to eliminate the tax disadvantages tied to digital currency transactions Useful Links: Financial Survival Network Mark Skousen FreedomFest Memphis 2023

Summary: Alejandro Szita comes on the show to give us the latest insight on what’s happening with real estate. He touches on the confusion in the real estate market right now, and stresses that it is better to not focus so much on rates; rather, it’s important to get your mortgage to a point where you can live with the monthly payment. Listen in for more useful insight from Alejandro. Highlights: -There is a lot of confusion in the real estate market right now; many people still need a place to live, and lots of people are still trying to sell -There is a lot of pressure on the housing market—especially sellers -People are focusing on rates rather than their goals -You need to bid aggressively and take advantage of the market -Since rates will probably go higher, now is the time to negotiate -It’s not about what the Fed can or cannot do; the inflation in place is for the scarcity of goods -Holding a physical asset can get you through a situation like this -Get your mortgage to a point where you can live with the monthly payment, and stop worrying so much about the rate Useful Links: Financial Survival Network Prosperity Lending

Summary: Property values are going down, interest rates are increasing, and it looks as if a recession is around the corner. What does this mean for your credit? I sit down and chat with Paul Oster about strategies for managing your credit during times like this; he emphasizes that it’s crucial now to budget and lower your expenses. He recommends a few online tools that you can utilize to pay your bills on time and manage everything in one place, and you’ll find that keeping your credit under control may be easier than you imagined. Tune in for more information. Highlights: -Hopefully this doesn’t last long, but there’s no doubt we’re headed down a rabbit hole—if not a recession, a slow-down -In this environment, it is that much more important for people to pay attention to their credit score -Banks and creditors can use whatever score model they want to use -Focus on paying high interest credit cards off now -The only solution is to budget and lower your expenses; you need to run your household like a small business -Now is the time to change your behavior—you can’t keep doing the same thing and expect different results -Put your bills on autopay -He recommends mint.com which puts all of your bills in one place and gives you alerts/spending analysis -nerdwallet.com is also a good resource Useful Links: Financial Survival Network Better Qualified

Summary: It’s a new era for crypto, and I sit down and chat with Collin O’Brien to get the latest insight on digital asset prices, regulation, and long term feasibility when competing with other sovereign currencies. The company Collin works for, Rubic, is assisting with cryptocurrency transactions and making digital trading more fit for everyday use. He is helping to build the future of cryptocurrency, so be sure to tune in and hear some of his expert knowledge. Highlights: -What can you say about cryptos that you can’t say about other investment bubbles? Cryptos always go up, but it’s a new era -At the end of the day, it’s just a market -Collin looked at Bitcoin when it was priced around a dollar -He wanted to buy a thousand at $1.79, and everyone told him it was a waste of money -Six years later, the industry peaked his interest again -Bitcoin is a bit of a libertarian construct paradise -In terms of regulation, the authorities are behind the curve -We need the people in charge of writing crypto legislation to be very involved and tech savvy -Can independent cryptos compete with sovereign currencies? We don’t know if this will be the case in the long term -If you have credits for an application on one network, it is extremely complicated to use them on another network -Collin’s business is removing the middle men from the process of moving credits over
-Rubic makes the process of moving values amongst blockchains easier Useful Links: Financial Survival Network Rubic

Summary: Inflation numbers are coming out at 30 year highs, and CPI isn’t going down any time soon. What indicators should we analyze in order to explain the current economic circumstances? I sit down and chat with Eddie Yoon, who attributes some of the trends in labor force participation and unemployment to an unusual number of baby boomers working for decades and now retiring. We are trying to solve for something systemic by implementing short term solutions, and businesses ultimately have to shift gears to cater to one two two person households rather than the nuclear family. Tune in for more insightful remarks from Eddie. Highlights: -Inflation numbers are coming out at 30 year record highs -Unemployment numbers look good, but these are lagging indicators -CPI is not going down; is this good or bad? This is also a lagging indicator -We are causing inflation in order to fight inflation with interest rates -Consumer sentiment is trending up, which is a good sign -The number of travelers is still trending upwards -Labor force participation is low in comparison to the last 40 years -If unemployment was higher, the Fed may back off -There may be something simpler going on that explains what is going on -Baby boomers retiring may play into labor participation -It’s not that things are problematic in the near term, it’s that we had an unusually large work force for about three decades, and these people are now retiring and leaving -We’re solving for something systemic with short term solutions, which is going to cause more damage -The businesses that are going to do better will be less volume dependent and more premium oriented -Companies designed around the nuclear family will struggle, while businesses designed for one to two person households will be more successful Useful Links: Financial Survival Network Eddie Would Grow

Summary: When is the capitulation going to come by the central banks? Gordon T. Long comes on this episode to talk about our current economic problems—including energy, central bank issues, and the progression of inflation. There’s no easy way out of the current inflationary environment, and it looks as if the Fed is going to have to hold rates up longer than we want in order to reach capitulation. Tune in for Gordon’s analytic perspective and more information on what’s to come. Highlights: -We’re nowhere close to solving the energy problem, and now it has become a geopolitical issue -The implementation plan for green energy in the US makes no sense -Energy in Europe is a massive issue, and we are in a cycle -Pushing green energy without the market being ready/able would push us back to brown energy at this rate -Force feeding creates bad policies -We’re seeing central banks with serious problems that spring out of gyration that accompanies inflation -Too many people have their eyes on the Fed -The only way to get inflation under control is to hold up rates longer than people want and to get the capitulation to happen -The current situation is unique because, as things are breaking, the treasury is taking actions -If inflation pivots too quickly, people will turn against the Federal Reserve in a massive way -How do you make money in these circumstances? Sometimes it just takes patience; you have to establish the trends Useful Links: Financial Survival Network MATASII

Dan Ariely is a Founding Partner of Irrational Capital and a leading behavioural economist, author, entrepreneur, and a James B. Duke Professor of Psychology and Behavioral Economics at Duke University. He is also a founding member of the Center for Advanced Hindsight.  Dan’s groundbreaking work in behavioural economics has led to the publication of several New York Times bestselling publications including Predictably Irrational: The Hidden Forces that Shape Our Decisions. Irrational Capital is an investment research and development firm that applies workplace behavioural science, financial acumen and data science to capture the powerful connection between human capital and financial outcomes.   Kristof Gleich is the president and CIO of Harbor Capital Advisors, Inc. Kristof oversees all Investment, Distribution & Marketing and Executive Office functions at Harbor.  He provides insight while helping lead Harbor’s strategic growth plan. Outside of work, Kristof is kept busy chasing around after his three sons.  Prior to joining Harbor, Kristof was a managing director and global head of manager selection at JP Morgan Chase & Co. He received a B.S. in Physics from the University of Bristol. Kristof is a CFA® charter holder and is FINRA Series 7 and 63 licensed.