Podcast: Play in new window | Download (Duration: 1:45:16 — 30.1MB)

The U.S. dollar is currently the dominant global reserve currency, meaning that it is held by central banks and other financial institutions around the world as a store of value and a medium of exchange. If the dollar were to lose its status as the global reserve currency, several significant consequences could occur: Decreased demand for U.S. assets: As central banks and other financial institutions reduce their holdings of U.S. dollars, demand for U.S. assets, such as Treasury bonds and equities, would decline. This could lead to lower prices for these assets and higher borrowing costs for the U.S. government … Continue reading →

Podcast: Play in new window | Download (Duration: 1:34:12 — 21.6MB)

It has actually been more than a decade at this point since I first covered this concept in Epi-761 of the Podcast.  I talked about it a lot after that but it became clear that some of what I was saying was being misunderstood. So in 2012 I did this YouTube video about it.  Today a bit more than a decade into this we take a look at how it is playing out and what I got right and wrong. Join Me Today to Discuss… What We Must Pay For (needs) Food Water Shelter Energy Security Health and Sanitation Means … Continue reading →

Podcast: Play in new window | Download (Duration: 1:35:53 — 21.9MB)

As many of you know I have been teaching people to actually diversify their assets for a very long time.  In fact my recommendations have been fairly consistent since 2008 when I started, adjusted only as conditions on the ground have dictated.  For instance I added Bitcoin as an asset to hold, once it came into existence and I learned enough about it to recommend it.  My basic recommendations for an allocated holding group of assets are and have been…. Cash (dollars) for short term and mid term needs Precious metals as a wealth insurance program (at 5-10% of net … Continue reading →