89 episodes
The Lara-Murphy Report The Lara-Murphy Report
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- Business
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4.8 • 150 Ratings
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Building the 10%
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Episode 89: The Fed Just Lost a Trillion Dollars--Should We Care?
Bob and Carlos discuss a recent Mercatus Policy Brief that documents how rising interest rates have caused the Fed to lose a trillion dollars in the value of its assets, and is now technically insolvent. Does it matter?
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Episode 88: Is the United States Hopeless at This Point?
Prompted by an email, Bob and Carlos acknowledge that yes, things look pretty bleak right now, both financially and culturally. But there is still cause for hope. The worst thing to do right now would be to give up.
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Episode 87: Is the US in a Recession or Not? Making Sense of the Numbers
Bob and Carlos discuss the oddities in the official numbers, which show low unemployment but also low labor participation, and how the statistics don't match their personal observations.
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Episode 86: The Fed Is Officially Bankrupt--Should We Care?
Bob and Carlos discuss a recent article in The Hill, which explains that rising interest rates have rendered the Fed technically insolvent.
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Episode 85: How Is Today's Economy Like the 1970s?
Bob asks Carlos to recount his own financial struggles as a young businessman in the late 1970s, when price inflation and interest rates skyrocketed. This painful episode ultimately led Carlos to discover Austrian economics.
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Episode 84: Is a Recession Coming? Listen to the Austrians
Carlos and Bob discuss the views of some prominent economists on whether a recession is baked into the cake. Contrary to even free-market members of the Chicago School, the Austrians know it's not just a matter of money supply growth. During the boom, there were real malinvestments, and these must be liquidated in a bust.
Mentioned in this episode and other links of interest:
The Fortune article on Steve Hanke and his views about recession.Bob’s journal article with Ryan Griggs on the inverted yield curve and Austrian business cycle theory.“The Foundations of IBC” video series.John Exter and his pyramid asset analysis.Bob and Carlos' presentation, "How to Weather the Coming Financial Storms."Bob and Carlos’ book with Nelson, The Case for IBC.Their book, How Privatized Banking Really Works.The IBC Practitioner Finder.The audio production for this episode was provided by Podsworth Media.
Customer Reviews
Future Libertarian in the making
Thank you two for all the content and information about IBC and the process. It has enhanced my knowledge and allows me to ask questions to my IBC Practitioner in Hawaii. Keep up the great content and God Bless
Aloha
Dave Ramsey needs a lesson
Listen to the first 25 episodes and then stop. Carlos becomes completely incoherent in his ramblings after episode 20 or so … Bob is the only one who is worth listening to in the duo after that. Probably due to Carlos’ stroke. Also the show becomes much less about IBC and more about random topics you can hear anywhere after episode 25.
Here is my review for episodes 1-20 only:
Those who have read and listen to Dave Ramsey (like I do and have done for years) know he’s hardly keen on while life insurance: he and other pundents like to be flippant with their rebuke and just say “it’s not as cheap as term” - which is the most intellectually dishonest thing possible as it’s comparing apples to oranges. Not only that, but Ramsey often touts the holy grail is “paying cash” for a house or car. But he fails to account for the opportunity cost of that play; it’s “leaving money on the table” when you compare it to the BEST alternative—the IBC techniques described so well in this podcast. Now don’t get me wrong: Dave Ramsay’s philosophy of getting out and staying out of debt cannot be more on point—the first 3 or 4 steps of his plan are amazing. But he falls off the rails in steps 5-10 as he misses the fact that stocks/mutual funds/“the market” are probably the WORST possible place to put money if you are even remotely keeping your eyes open. Austrian economic principals described in this podcast explain why and how the economy will break down and how so many of those who put their faith (and 401k) in the market will be left holding the bag. Even traditional banks aren’t really safe as the FDIC only covers/guarantees 0.04% of all deposits. A scary thought! So when (not if) we face the next big bust I. America those with other assets such like whole life and those who leverage the IBC system may be the best suited to handle the coming financial storm. Bob and Carlos break these concepts down and so much more. Cannot recommend this podcast any more highly!
Very informative!
Thank you for the mind shifting information that you provide and the benefit applying this concept will provide my family.
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