300 episodes

The Financial Survival Network is dedicated to helping you build your financial fortress so that you can survive and thrive in the new economy. It's all about what's next!

Kerry Lutz's--Financial Survival Network Kerry Lutz

    • News

The Financial Survival Network is dedicated to helping you build your financial fortress so that you can survive and thrive in the new economy. It's all about what's next!

    Crumbling Global Economic House of Cards - Rob Kirby #5270

    Crumbling Global Economic House of Cards - Rob Kirby #5270

    Summary:
    Today we have Rob Kirby on the podcast, who talks about how one of the largest and most underreported issues is the volume of trade we’re experiencing in terms of dollar return in the crypto-verse. It seems that cryptos are eating off the dollar’s plate, which means that the crypto portion in international trade is rising…while the relevance of the dollar declines. Tune in to learn about the power of crypto and some of the key distinctions between Bitcoin and Ethereum that put banks and the law profession in an interesting position.
    Highlights:
    -The economic house of cards is crumbling all over
    -The biggest and most underreported issue is the volume of trade we’re experiencing in terms of dollar return in the crypto-verse
    -On a daily basis, the crypto-verse is turning over a minimum of $100 billion equivalent on average
    -We're looking at $50 trillion dollar equivalent turnover in a year
    -Cryptos are eating off the dollar’s plate, which means that cryptos are categorically being used in trade settlement right now
    -Countries like Iran and Venezuela had to have it to where they could continue to trade without having to settle in dollars
    -The crypto portion in international trade settlement is only going to increase from here, which means dollar relevance will decline
    -Hyper-inflation and massive reduction in purchasing power of the dollar stock
    -The whole nature of trade settlement is changing—less and less dollars are being used to settle international accounts. Thus, they get caught up in a Repo facility
    -The inflation rate in our country is at 14%
    -Ethereum is rising, and will perhaps eventually eclipse Bitcoin
    -Bitcoin is the killer of banks; it’s a store of value
    -Ethereum is the killer of the law practice
    -Bitcoin is a challenge to bankers while Ethereum is a challenge to the law profession
    -There is a place in the world for smart contracts as well as the traditional store of value—they can coexist

    Useful Links:
    Financial Survival Network
    Kirby Analytics

    • 24 min
    Should we ‘Eat The Rich?’ - Jeffrey Socha #5269

    Should we ‘Eat The Rich?’ - Jeffrey Socha #5269

    Summary:
    Should we ‘Eat The Rich?’ It seems that this is not necessarily a viable solution, and today we have Jeffrey Socha on the podcast to break down the new tax proposal for us. While it may seem logical to impose higher taxes on large businesses, same corporations have tactics they will use as a result—tactics that will only hurt consumers and the rest of the economy. Tune in to hear about this interesting phenomenon in light of recent announcements, and to find out where this may put you in terms of taxes.
    Highlights:
    -With the democrats’ new tax proposal, the effective tax rate in NYC will be close to 62%, and in California it will be around 59%
    -Businesses find ways to alter their business/cut costs/raise prices to avoid the effects of taxing
    -People will not give you extra money without making decisions that affect everyone else
    -Many of the tax shelters are available to average business owners
    -Big companies have the best resources available to help them be efficient as possible
    -The people that lose the most are smaller, local businesses
    -The government should start with having a balanced budget
    -There’s no incentive for fiscal responsibility with this modern monetary theory
    -You can’t control taxes, but you can control who you vote for
    -Take control of your own finances; be proactive
    -This new proposal is very realistic, and we don’t know what will end up sticking until it is finalized
    Useful Links:
    Financial Survival Network

    • 14 min
    Real Estate Coming Back Down to Earth - Andrew Ragusa #5268

    Real Estate Coming Back Down to Earth - Andrew Ragusa #5268

    Summary:
    Real estate has been doing great where taxes are lower, and it seems that the stage of buying-panic has come to a close as purchasers stop over-paying quite as much for homes. Today we have Andrew Ragusa on the podcast to discuss what exactly is happening with the market, and what you can expect in the purchasing sector. He emphasizes that if people want to grab something, they should grab it, because the market is always climbing. Tune in for direct insights and interesting real estate considerations.
    Highlights:
    -Real estate has been at the right spot on the economy—where taxes are lower, real estate is doing better
    -What’s happening with New York suburban real estate on Long Island? There has been a dip in offer prices—previously, they were getting $50k-$70k above asking price but this has declined a lot
    -Buyers are not willing to over-pay quite as much; the panic is over
    -If people want to grab something, they should grab it—mortgage payments are greatly impacted by the offer amount
    -It doesn’t always make sense to stay on the sidelines when the market is always climbing
    -We are seeing more price cuts in the market. In order for a house to move, the price still needs to look attractive
    -There has been a lot of overshooting the market
    -Even thought everything is selling, prices are getting cut
    -Information on selling prices is widely available today through the internet
    -Zillow charges realtors to receive information from those using the website; Zillow essentially sells data
    -There’s not a lot of inventory at the moment in Florida
    Useful Links:
    Financial Survival Network
    Andrew Ragusa Instagram
    Real Estate Market Innovations

    • 17 min
    Bitcoin and Gold Ready to Take Off - Michael Moor #5266

    Bitcoin and Gold Ready to Take Off - Michael Moor #5266

    Summary:
    What’s happening in the markets, and should we be scared? It’s important to have an analytical perspective when it comes to analyzing the market, and Michael Moor comes on the show today to help us attain this point of view. He and I talk gas, oil, the metals, and Bitcoin from a data standpoint to break down what is happening in the changing market, and how we can assess these shifts from a data standpoint.
    Highlights:
    -What’s happening in the markets? Should we be scared? We need to take an analytical approach
    -Are we looking at $10-$12 NatGas? Can we go that high? Moor says that we’re wide open—it can pretty much go anywhere
    -We are still seeing a 50% discount of gas to oil
    -$56/barrel could be seen in five months
    -Moor analyzes market movements and data, but Moor notes the inflation in the housing market and supply chain
    -Everything is pointing to increased inflationary expectations
    -What markets are the most promising? Moor thinks that crude oil and energies have a lot of upside
    -Bitcoin also is looking positive—it’s all pretty green
    -Gold is headed higher—we’re seeing some of its strength coming in right now
    -We used to look at crude oil as an indicator of inflation, but NatGas has taken over
    Useful Links:
    Financial Survival Network
    Moor Analytics

    • 18 min
    The Precious Metals Bull Market Has Not Yet Begun - Jordan Roy-Byrne #5267

    The Precious Metals Bull Market Has Not Yet Begun - Jordan Roy-Byrne #5267

    Summary:
    Every commodity seems to be up substantially with the exception of Gold, Silver, and Platinum. Today, we have Jordan Roy-Byrne on the podcast to talk about this interesting phenomenon. Gold and Silver peaked before everything else, and their performance is ultimately linked to inflation—which is higher than ever at the moment. Tune in to get interesting insight and predictions on this topic, and to hear us break down what’s happening with inflation and the metals.
    Highlights:
    -Every commodity is up substantially (i.e. natural gas, uranium)
    -Everything but Gold, Silver, and Platinum is going up
    -Gold tends to lead everything in the commodity world, and Silver tends to follow
    -When commodity prices spike or have big moves, they tend to correct
    -Gold and Silver peaked before everything else—before Uranium stocks even started to move
    -The market is not anticipating that inflation is going to accelerate
    -Real rates have nowhere to go but up
    -The market is saying that the rate of inflation has peaked, and that it’s going to come down a bit
    -We’re having as much as 14% inflation right now by some accounts—the biggest inflationary rate since WWII
    -Inflation can be very volatile and move a lot in both directions
    -If Gold and Silver start out-performing, that will indicate that inflation is here to stay and we could transition into a state of stagflation
    -Would the fed risk a crash to assert itself over the markets? The fed will ultimately follow the market
    -15-20% decline/correction is more probable than a crash
    -Crashes do not happen very often
    Useful Links:
    Financial Survival Network
    The Daily Gold

    • 27 min
    Asset Protection Equals Financial Survival - Douglas Lodmell #5265

    Asset Protection Equals Financial Survival - Douglas Lodmell #5265

    Summary:
    The world is full of people that would love to take your hard earned cash, but this can be prevented with the proper planning and an asset protection program in place before you need one. Today we have Douglas Lodmell on the show to talk about the importance of asset protection, and some of the steps required to acquire this. It's as simple as figuring out what you have, and what needs to be protected that isn’t already.
    Highlights:
    -Asset protection - the world is full of people that want to take your hard earned cash. The key is to have an asset protection program in place before you even. need one
    -Asset protection doesn’t mean anything until you actually need it—most people don't look into this until after they realize they need it
    -There two types of people: those who have assets and those who don’t
    -Figure out what you have, and if you already have asset protection; take an inventory and pinpoint what is protected/what isn’t
    -There are 2 asset categories: exempt assets, which are already protected (i.e. homestead, retirement plant, etc.) and unprotected assets
    -In the asset world there is asset exemption and then asset protection
    -Now we have foreign asset protection trusts (established in 1994)
    -19 US states currently have some sort of domestic asset protection trust legislation
    -There are standards that outline what makes a trust a US trust
    -Grantor trust is disregarded for tax purposes
    -Asset protection is between $25k-$30k for the most part
    -An ounce of prevention here is like a pound of cure
    Useful Links:
    Financial Survival Network
    Lodmell & Lodmell

    • 24 min

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