Kerry Lutz's--Financial Survival Network

Summary: Where are the precious metals markets going? Furthermore, why are they going down, and how is the dollar going up? Andy Schectman comes on the show to break down what has been happening in the metals markets, which are defying logic in many respects. We’re seeing more silver being drained at the top, and massive withdrawals of gold from the exchange—with deliveries to China. Tune in to hear about what to expect from the precious metals as we continue to struggle with supply, increasing rates, and uncertain conditions. Highlights: -Precious metals are defying logic in many respects. Andy says he’s never seen a market quite like this in his career -Over the last five months, almost 550 tons of gold have been removed from the metals exchange and have seen four year high in exports to China. Essentially, we’re seeing massive withdrawals and deliveries -Silver is trading at triple the premium it normally does in India, and India is importing large amounts of silver -At the very top, we see more silver being drained -Supply is as stressed and as strained as 2008 -It is getting increasingly hard to maintain a flow of product -It’s better right now to be early than late -Even with high rates, it is extremely difficult to get inflation back under control -The cost in rolling bonds over has become exponentially more expensive Useful Links: Financial Survival Network info@milesfranklin.com

In all actuality is not a huge surprise that PPI increased.  When you consider the economy as a large heavy car, (think 1976 Lincoln Continental) this thing was completely stalled blocking the middle of the road in 2020.  That’s good for no one, so the motivation is “do something!”   The government starting pushing on the car to get it moving.  They print a lot of money, flooding the economy with plenty of liquidity, then interest rates get lowered to 0%, this incentivizes and stimulates spending…little by little the car begins moving but then it really gets moving.   Now the car is travelling too fast and it’s time to pump the brakes…they’re failing.  People start running in front of the car, pushing on it, trying to slow it down but remember it’s a big heavy car…there’s a lot of mass behind it and it’s hard. We can’t expect what’s happening right now to put an immediate stop to the rise in costs and demand.  There’s lag and lots of it. At the same time, what the Fed is doing is dangerous.  It’s adding to inflation and it’s only treating the symptom in my opinion not the illness (supply.)

Summary: We’re in a post bubble contraction, and Bob Hoye comes on the show to break this down for us. Bob specifically studies financial bubbles, and notes a few features that are indicative of these bubbles—such as the decline of real long interest rates. Furthermore, we talk about gold stocks in relation to the bubble, and Bob shares some information about what to expect in the near future. Useful Links: Financial Survival Network Charts and Markets

Summary: Can a career in production yield a successful real estate investing career? In Matt Picheny’s case, it absolutely can. Matt moved to NYC years ago to pursue acting, and then found himself in a digital marketing career that eventually transitioned to real estate. He has discovered the importance of persistence in each of his career paths—especially real estate investing—and emphasizes the significance of fostering good relationships. Tune in to hear Matt Picheny’s unique perspective about investing in real estate, and to hear tips on how anyone can get involved. Highlights: -How did this skill set Matt up for being a real estate investor? A number of events/skills let to Matt becoming a real estate investor -He moved to NYC and was a professional actor for 5 years. For 18 years, he had a digital marketing career and then transitioned to real estate -Persistence has allowed him to succeed, and this skill always prevails in the long run -Success is a rollercoaster -Everything is life and business is about relationships, so it is important to develop these -As things become more digital, how do you bridge this divide? How do you allow technology to help you rather than block you from creating new relationships? -Use technology to foster relationships -You can facilitate deals without putting down money -One suggestion for someone wanting to get in the business is education: get in a classroom, read books, or listen to podcasts -It’s also important to take action. Don’t fall into paralysis analysis -Fear of the future is often worse than the future itself Useful Links Financial Survival Network Picheny

Summary: Global turmoil is deepening, and the Russia/Ukraine war is escalating. How are these problems going to affect commodities/markets? John Rubino comes on the show to unpack this. Energy and food are going up while housing and used cars continue to go down. Additionally, we have a crucial election coming up that could yield a very divided government. There is a lot to discuss, so be sure to tune in to this episode! Highlights: -Global turmoil is deepening; the Russia/Ukraine war is escalating -The best time to be a defense contractor is during war -PayPal is penalizing subscribers $2500 if they say something that contradicts the official line of the government -We are seeing energy and food going up, while housing and used cars go down -In the short run, food and energy will give us inflation above the 2% target -Midterm elections are going to possibly be very serious—especially in consideration of crime and inflation -We will potentially have a divided government for the next couple years; both sides will have different opinions about how to fix things -Keynesianism doesn’t recognize debt as part of its model, which has implications for government thinking -Gold and silver protect you in the long run with a crazy world Useful Links: Financial Survival Network Dollar Collapse

Summary: Job numbers appear to be strong; are they a lagging indicator or a leading indicator? Edward Siddell, CEO of EGSI Financial, comes on the show to warn us of the recession we are in. Rather than moving towards recovery, we are approaching a tough year; we will probably see one more rate raise in March of 2023, and other subsequent shifts. Tune in for more information on what’s to come. Highlights: -Edward’s firm is at the forefront of retirement planning -Rather than approaching recovery, Edward says we are in a recession -2023 is going to be a tough year—we’ll probably see one more raise in March -No one wants to take the risk calling Powell’s bluff -The worse the economy gets, the faster the pivot downward is going to go -We’re not going to see changes until the dollar weakens -Is this recession going to be similar to or different from all the others? Time will tell -Be cautiously optimistic -We’re seeing a raise to liquidity - The Fed doesn’t have much other choice than to print money Useful Links: Financial Survival Network EGSI Financial

Summary: These are dangerous times in global markets, stock markets, and commodities. Can you make money in a market like this? Chance Finucane comes on the show to discuss this topic; based on past long term bear markets, there’s still a way to go before you should consider hopping back in. Inflation has already peaked, but it is not going to decelerate in the way that the Fed hopes. There are many factors at play in regard to the current market, so tun in for the latest insights. Highlights: -What sort of strategy do you implement in this market? The focus is much more on preservation of capital; Chance doesn’t mind increasing liquidity -Chance might not hop back into the market until sometime next year. Based on analyses of past long term bear markets, there is still a bit of a way to go -Chance’s company typically invests on behalf of former business owners, and they try to manage the downside so that bonds/portfolios don’t go down too much -Inflation peaked in June when it got to around 9% -Inflation is going to decelerate, and will probably stay in the mid-single digit area for longer than you would expect -There are lots of external factors, especially with oil -Chance’s company likes the pipeline businesses -Usually this recessionary environment isn’t good for commodity prices -We’ve started to see some home price decreases -People aren’t willing to leave their current home if they own one Useful Links Financial Survival Network Oxbow Advisors

Summary: You may have escaped the recent hurricane on the East coast of the US, but everyone is going to get hit by the economic storm taking place. Here to talk about this is Michael Pento, who predicted the record high inflation that has been rampant throughout 2022. He explains some of the culprits of the most pressing economic problems today—to which demand destruction and rising nominal interest rates have affected various markets. Tune in to hear more about what’s in store and to get Michael’s firsthand perspective. Highlights: -The economic storm taking place is a category 5 and no one seems to be aware of it -Back in 2021, Michael predicted record high inflation for 2022 and the Fed slamming on the brakes in an extremely weak economy -The Federal reserve has only raised interest rates by 400-500 points a year twice -Something in the credit markets is going to have to break for the Fed to come to the rescue -We have added $3 trillion to household debt to GDP; it is significantly higher than it was in the past -We’re already above the rate Powell was threatening to take us to -It’s not just the dollar that’s hurting us; it’s demand destruction -All bank loans have gone up exponentially, and all debt is hurting the consumer -With deflation, the real price of gold could go up while the nominal price goes down -Rising nominal interest rates lead to rising real interest rates -When real interest rates are rising, you don’t want to go near gold -Michael doesn’t think energy prices will go down in the short term, but that demand destruction will become so acute in 2023 that prices could go down -2023 has a huge recession in store -You stay in power by giving people things for free, but this creates problems Useful Links: Financial Survival Network Pento Portfolio Strategies

Summary: Real estate is the big question on everyone’s mind: can you stay in real estate or should you sell? I have real estate expert Naresh Vissa on this episode to talk about this, and we are facing precarious market conditions. However, this doesn’t mean you shouldn’t keep your eye on real estate over the next few months. Naresh advises investors to wait until interest rates peak, and look into possibly getting in the market around December/January. Tune in for more advice on navigating the current real estate market. Highlights: -How do you make money with 7% 30 year fixed rate mortgages? -Unless you’re working in the space, you probably don’t fully understand the real estate market -Home values are going down -We’re seeing a 1% decrease per month on home values -The Federal Reserve is raising interest rates; it looks as if they’re trying to change course and do a soft landing -It’s not a bad idea to wait another 2-3 months as interest rates peak and then get in around December/January -Look at where declines have been, which places are offering discounts, etc. -As you have fewer buyers, rent prices are continuing to climb Useful Links: Financial Survival Network naresh@nareshvissa.com

Summary: Looking to rid yourself of your debt? If so, you don’t want to miss this episode. Adam Carroll’s business implements what he calls “The Shred Method” in order to get people out of debt in 3-5 years. This is done through home equity lines of credit that move in tandem with where rates are going. Using a special software, the algorithm adapts to someone’s specific income, equity, and debt, and allocates money accordingly. Tune in for more information on The Shred Method and tips on how to re-think your debt. Highlights: -Adam uses what he called “The Shred Method,” or home equity lines of credit -The line of credit moves in tandem with where rates are going -By next summer, we could see 8% mortgage rates -Income begins to cycle through the HELOC -Interest is charged on the ending daily balance -The Shred Method involves working with a coach because everyone has a certain risk profile -Adam’s team likes to analyze income, equity, and the consistency/predictability of these things -You can save a large amount of money in interest, and earn back more of your income -Local banks/credit union are still open to doing lines of credit -There’s little risk involved if you follow the model closely -We’re finding the normalization point in the curve -Shred is a behavior modification tool—constant reminders of what to do and when Useful Links: Financial Survival Network The Shred Method

Summary: What’s going on in the markets? Stockton University Professor of Finance, Michael Busler, comes on the show to talk about why markets are behaving in the way that they are. The stock market and investors are ultimately telling us that the recession we’ve been talking about is real, and and it is going to continue to get worse over the next year. Additionally, multiple sectors such as energy and agriculture (i.e. grain) have been greatly impacted by the war on Ukraine, and have caused further geopolitical conflict. Tune in for more insight on what’s to come. Highlights: -Professor at Stockton University -The total wealth of the stock market has declined by almost $9 trillion -The price you’re willing to pay for a stock depends on your expectation of future earnings -If you believe a recession is coming and corporate profit is going to go down, then the price of your stock is going to go down -The stock market/investors are telling us that this recession is real and is going to get worse over the next year -The war on fossil fuels is driving prices up and supplies down -The war has resulted in the shutoff of Russia’s natural gas -The Biden administration has wanted us to leave fossil fuels since day 1, but not every American is convinced of the validity of this idea -Reducing the supply of fossil fuels has driven up the prices of energy, which have also been affected by inflation -The entire energy policy has caused much of the inflation we have today as well as geopolitical problems -10% of the world’s grains come from Russia and Ukraine, which have been shut off. Food prices are going to go up even more. This will have a significant impact less developed countries Useful Links: Financial Survival Network Michael Busler Twitter Funding Democracy Facebook

Summary: We love having guests on Financial Survival Network that can help you bring your entrepreneur game to the next level. Ken Burke comes on this episode to tell you about how you can combine your idea for a business with action to supercharge your entrepreneurial career. Ken discusses multiple strategies for getting your business out there; it’s important to not only manifest your goals, but to take action and put in the time/work to grow your business. Rather than imagining failure and looking for obstacles, start learning and get feedback from other entrepreneurs to make the necessary improvements. Highlights: -Ken is all about teaching people to embed growth in their businesses -Entrepreneurship is a learned skill; it is a passion to create something out of nothing -How do you know when your passion/business idea is legitimate? If you have an idea, remember that action creates momentum -Google competitors and other products/services to take steps towards your idea -A great entrepreneurial skill is patience and perseverance; you have to be in the game to win the game -Remember that things don’t necessarily work on YOUR timeline -Make sure your idea is financially feasible. If you can’t make money with your idea, you can’t grow it or create meaningful impact -The law of attraction is helpful for clarity and directing your energy towards something that can manifest/produce itself. On the flip side, it doesn’t provide the action that is needed to create something; you have to do this! -Fear of failure stops entrepreneurs from actually pursuing their idea because they fall into analysis paralysis -We are ultimately all hear to learn, grow, and develop; failure is impossible because these feats always teach us something and allow us to get better -The stronger the problem an entrepreneur is solving, the bigger the opportunity -Get feedback from other entrepreneurs and your target market. Your idea may need refinement so that people can understand it -People want to know that they can get out of your product; focus on the emotional output of your product Useful Links: Financial Survival Network Prosper: Five Steps to Thriving in Business and in Life EntrepreneurNOW

Summary: Chris Markowski—AKA Wall Street’s Watchdog—has some criticism for the Fed, and comes on the show to talk about what they’re doing wrong at the moment. A lot of the conventional wisdom that is being taught about the Fed needs to be re-evaluated; there are a myriad of solutions for the current economic problems that go beyond our conventional perception of the Fed’s role/power. Nonetheless, there is a lot to be taken advantage of right now from an investing standpoint, and Chris names some assets and ventures to keep your eye on. Highlights: -Inflation is not transitory. Additionally, the Fed had raised rates slightly last year or cut back on bond buying, the situation could be different -Markets got crunched this year -The concept that the Fed is going to be able to solve this is just one part of the solution—things can be fixed in a myriad of ways -We don’t have enough resources for things like alternative energy -A lot of this inflation is self inflicted -Many recessions in the past haven’t been named recessions until later, but we’re currently seeing slowed economic activity on numerous fronts -As an investor, there’s a lot you can take advantage of -Chris gets nervous when markets are rapidly going up -It’s all about quality and companies that pay you to own them -Uranium and lithium need to be part of your portfolio -Many commodities across the board are starting to come down Useful Links: Financial Survival Network Watchdog on Wall Street

Summary: Looking to raise capital as a real estate investor? Dave Dubeau has some useful strategies to share. Even with interest rates going up and rampant inflation, Dave says that this can actually work to your advantage with raising capital for real estate investing. Comparatively, these ventures look more promising than other investments. Tune in for more information. Highlights: -Even with interest rates going up, we’re big on real estate because of the housing shortages -We’re bullish on real estate, but the biggest obstacle you’re going to encounter in real estate is raising capital -Dave discusses strategies for getting the money for the initial costs/down payment -If possible, use your own cash/credit for your first deal -Get in the game and learn what’s going on with the deal -Be actively involved in the after-purchase part of the process -Focus on a type of real estate investment that makes sense long term -With interest rates going up, it can actually help to raise capital and bring investors on board because your can compare/contrast what they’ll be getting with your real estate deal vs. other investments -Focus on where your strengths are; it depends on what you’re doing and what deals you’re looking for Useful Links: Financial Survival Network Raise Capital 101 Show

Summary: There’s so much happening in crypto with the bear market, so Gregory Johnson comes on the show to tell us how cryptocurrencies are going to behave in light of the financial world. As the CEO/Founder of Rubicon Crypto, Gregory’s mission is to provide investment solutions and understanding within the crypto space. He explains that regulation is actually going to drive the next bull run, and stresses the importance of having the longest term view when investing in crypto. Tune in for more expert insight. Highlights: -There’s a lot going on in crypto; bear market and Bitcoin is with us -We have been trading mildly under the resistance point in the last few days -A lot of the crypto behavior is going to depend on what’s happening in the financial world. We’ve seen interest rates going up, but this shouldn’t deter the optimism and excitement for the timeline investors should be thinking about in terms of digital assets -Ethereum is the largest cryptocurrency in terms of network usage and integration -The dollar is hitting record levels on the DXY index -With cryptos, there’s all sorts of ETFs and futures contracts -We need to be mindful of celebrity investing culture -Regulation is going to drive the next bull run -Early adopters will benefit from increased structure, from a regulatory perspective -If you are involved in digital assets, you have to have the longest term view. Useful Links: Financial Survival Network Rubicon Crypto