NZ Everyday Investor Podcasts NZ / WorldPodcasts.com / Darcy Ungaro

Central banks and governments have to create inflation, to protect the function of the current financial system. If you check out of the game now because you think 'this time it's different', you need to build that into your 'master plan.'

When property lending slows, the economy won't be far behind. My view is that NZ is already well and truly in recession already. In order to kill inflation, rather than dealing with the harder (longer-term solution) of improving productivity, we're going to have to endure significantly higher borrowing costs for a season.
This smacks of owning less and being happy with less, which makes me wonder what the skill-set is of those in charge of policy decisions both at the RBNZ and our 'government'.

Somewhere in between thinking you know it all, and actually knowing something, is a vast and intimidating environment where you're likely to get your feelings hurt.

Many never believed in an automated, truly free-market system like this could have ever succeeded. Are they right, or are they only right for now?

Time will tell but this is certain - trust has been shaken in the crypto-space and it's either going to get worse (with justifiable regulation now being welcomed in), or it's going to get better (if faith in traditional finance erodes at a faster pace).

How to build wealth in the fast lane, in the slow lane, or in the 'no lane at all'. Each group have very different needs and should therefore adopt different strategies. The wealth of the few is not the reason for the poverty of the many - we all have a part to play to bring healing to the people first, so healing to the land can come later.

Some 'experts' think bitcoin is rat poison (Charlie and Warren, I'm calling you out here!). Today I want you to appreciate that a potion of ignorance around bitcoin, plus financial incentives to see it fail, calls for a liberal application of skepticism on what these people think. After listening today, even if you think bitcoin is wrong, believe it with conviction - it may soon be tested either way.