Straight Talk Wealth Radio: Recent Episodes
Bruce M. Weide
STW Radio is broadcast on AM radio weekly. It was born out of the crisis of 2008 and was the mission of its host, Bruce Weide, (President of Secure Financial Services, Inc.), to fill a massive void in most American's retirement portfolio. This safety net would have literally saved them any grief in the crash of '08-'09 and let them pick right back up on the historic gains from there.Today, most of America seems to believe that the government has made everything all better now, and investment risk is a thing of the past - 2008 is never coming back or will always get fixed if it does.Straight Talk Wealth Radio is dedicated to researching and reporting all sides to the stories that matter to those close to retirement or in retirement. In-depth interviews and reviews or Bulls and Bears; Inflationsists and Deflationists; Economists and Financial Strategists. Coming in March of 2019 - make sure to WATCH Straight Talk Wealth episodes Livestreamed on Facebook, YouTube and Periscope!
On Straight Talk Wealth Radio, Bruce has put together a fantastic episode and whether you're gearing up for retirement or supporting someone who is, this episode is packed with essential info and actionable advice.
Here are 5 Keys that You'll Learn in this Episode:
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Retirement Lifestyle Changes đ : Discover why managing your retirement lifestyle is as crucial as financial planning and how to make the most of this new industry trend.
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The Three Wealth Management Phasesđ°: From accumulation (think ages 20-50) to preservation and distribution, Bruce breaks down strategies to safeguard and grow your wealth through each stage of life.
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Longevity & Planning đ°ïž: With life expectancy jumping from 68 in the 1940s to 78 years by 2020, planning for the long haul has never been more critical. Learn how to navigate this newly extended retirement period.
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Healthcare Costs on the Rise đ„: Get the lowdown on managing medical expenses that skyrocket as we age, and hear a jaw-dropping personal story that puts these costs into perspective.
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Maximizing Retirement Income đĄ: From pensions and Social Security to annuities and portfolio yields, Bruce covers it all, including strategies to counteract potential shortfalls and ensure lasting income.
P.S. Donât forget to access our free report on "Principal Spend Down in Retirement" to maximize your income and preserve your savings. [Link for the report and other resources at the bottom of the page]
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Principal Spend Down Report https://www.straighttalkwealth.com/2020report/
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Talk to Bruce by visiting https://www.straighttalkwealth.com
Join us in this insightful episode of the STW show, where Bruce Weide discusses strategies to make longevity an asset class in retirement planning. Discover essential tools and insights for securing a sustainable future.
- Proactive planning and tax strategies to save real estate investors $60,000 annually.
- The significance of a virtual family office network for comprehensive wealth management.
- Projected increases in national debt and government funding challenges for Social Security and Medicare.
- The new approach to retirement income management beyond the traditional 4% rule.
- Investing in longevity as an asset class to ensure a guaranteed lifetime income stream.
TimeStamped Overview:
00:00 Longevity as asset class: managing retirement risks.
05:37 Longevity is the best investment, guaranteed.
10:12 By 2054, interest costs surpass all priorities.
13:02 Social Security funding faces significant future shortfall.
15:14 Top 1% generate majority of tax revenues.
19:48 Transition from asset management to income management.
22:14 Report outlines main risks: inflation, deflation, stagflation.
28:24 4% rule no longer reliable for retirement.
31:31 Retirement financial advice: Start with 4%.
32:21 Retiring with $1 million, only $28,000 annually.
37:03 Create strategic retirement income plan for financial security.
39:36 Free retirement roadmap: identify, mitigate, understand risks.
Talk to Bruce by visiting https://www.straighttalkwealth.com
In this episode, our financial guru Bruce Weide delves deep into the economics behind a potentially looming recession, and how you can dance in the rain of stagflation like a pro. đșđ
Here's what you'll learn:
1. Federal Reserve Finesses: Uncover the Federal Reserve's tactics to simmer down the economy and why a recession might be their unintended side dish.
2. Investment Strategy Shake-Up: Whether you're into bricks and mortar, shiny metals, or stock tickers, learn why it's time to reevaluate your investments.
3. Cash is King, but Inflation is a Thief: Discover ways to protect your hard-earned money against the silent predator that is inflation.
4. Stagflation 101: Stuck between low growth and rising prices? Get the lowdown on stagflation and what it means for your wallet. Visit the website for a free course on Stagflation.
5. Retirement Roadmapping: Set your GPS for golden-year nirvana with Bruce's retirement roadmap strategies tailored to ride through any economic rollercoaster.
*Fun Fact of the Episode:*
Did you know the Canadian economy has been signaling "recession" in semaphore for the last four quarters? Bruce breaks down what our neighbors up North might be facing. đ
Donât forget our amazing Call to Action: Sprint over to straighttalkwealth.com and nab your very own free "retirement roadmap"! While you're at it, dive into our treasure trove of past podcasts, join the mailing list, and unlock the door to our free courses. đ
Drop in, soak up the knowledge, and letâs make sure you're set to thrive, no matter what the economy throws at us!
Stay savvy, stay smiling, and most importantly â stay ready!
Talk to Bruce by visiting https://www.straighttalkwealth.com
What is the single most valuable skill your financial advisor should possess?
It's the ability to foretell the future!
And what do investors want to know today? They're asking, "Where's the recession?"
**Follow along with Bruce today, as he pulls from some of the best minds to ask if The Fed got it right or wrong on interest rates hikes. Will we have a soft landing after all, or is the other shoe about to drop?
In this episode of Straight Talk Wealth, Bruce White discusses the signs of an impending recession and the impact on your financial security. Stay ahead of the economic curve with valuable insights and strategies for safeguarding your investments.**
- The importance of staying informed about the rapidly changing economic environment
- Key factors to consider for a successful retirement amidst economic shifts
- Exploring the impact of stagflation and high interest rates on the economy
- Insights into predicting future market trends and recession indicators
- Resources and training available to help navigate the current economic climate
Talk to Bruce by visiting https://www.straighttalkwealth.com
This week I came into the KVTA Ventura studios and decided to broadcast live and take calls.
I really want to know what YOU want to hear about!Â
I started to get into David Stockman and the difference between how the markets and economy appear and what Mr. Stickman thinks they're really doing. BUT...the phones kept ringing and YOU ALL are much more interesting.
Well, some nice ladies called in and we heard some fascinating stories. Check out this special editions!
There's a feeling out there that the investments markets have weak underpinnings, and that soon, the tides will change.
Maybe.
But do you understand why some pundits feel that way? With historically low unemployment, high prime-age workforce, and so thereby monetized consumers, what could go wrong?
Extreme global levels of debt. That's what.
Now, I'm not declaring any doomsday or recession. But if you're wondering where the fears start, they start there - with global debt levels. Because it's always the over-leveraging of debt into a bubble by investors and the banking system that causes "The Big Ones" when it comes to crashes.
Again, I'm not saying this is imminent in the near future at all. But in this episode, we start with global debt to help you understand a much more close-to-home related issue that I see so much misunderstanding and misguided asset allocation chasing toward. I'm talking about the Religion of Goldbugs.
When global debt breaks, as it did in 2008, did it cause inflation, or deflation? Is gold an inflationary asset, or a deflationary asset? If you're holding a major allocation of gold, and you don't immediately know the answer to those questions, maybe you've drank a little Kool-Aid, too?
I'll break it down for you in this episode, and actually help you have greater certainty when to own gold and when to dump it.
Episode includes articles on Global Debt from the International Monetary Fund and The Washington Post, plus excepts from my one-on-one interview with Harry S. Dent a few years ago. Plus, there's an offer to acquire a greater library of useful materials on the subject of Inflation, Deflation, and Gold.
Enjoy!
After a lifetime of accumulation of savings and wealth, for retirees the entire games changes to the spending of wealth.
So how does your portfolio provide for you then? In the past retirees have leaned heavily on income producing assets, such as dividends and bonds.
Dividend payments have particular frailties. They're never guaranteed and, as shown by the 2018 collapse of telecom dividends, (Frontier, Century Link, etc) the income can be shut off with little or no notice. And when that happens, the stock price tumbles so that investors are trapped in quicksand, where it's impossible to get the money back out that they invested and take it somewhere else.
Bonds have their own trap, also discussed in this episode.
And so, in this episode of Straight Talk Wealth Radio a surprising new approach as to how income can be generated by a portfolio, known as Longevity Credits, is revealed. It can grow income from a portfolio in ways that have zero with to with the movement of interest rates or the direction of stocks. And it can produce income, often at substantially higher levels than dividends or bonds, and that will be guaranteed for life at that level OR BETTER!
If you ever think you'll need INCOME from your retirement portfolio, be sure to listen to this episode of Straight Talk Wealth Radio, before you find yourself stuck in the old traps of dividends and bonds.
If what Alan Greenspan says is true, we are heading into a whole new uncharted world of financial planning and asset allocation. In this episode hear Alan Greenspan in Sept of 2019 declare:
1.) The US GDP is driven by the US Stock Market! (The OPPOSITE of how it has ever been).
2.) Negative Interest Rates WILL COME to the U.S. It's only a matter of time!
This changes absolutely everything for retired investors and savers. It means:
- Asset Allocation is gone! The component of Safety (bonds and bond funds) are going to earn so little they will be irrelevant to a portfolio. You will have to PAY for safety.
- The only place to be will be RISK-ON! But the very reason we are heading into low interest rates is to prop up a sagging market, which now has the very power to change the health of the US Economy by it's volatile swings.
- Every retired person, no longer working, will have lackluster portfolios unless they are willing to live their retirement on the precipice of Risk.
In this episode Bruce discusses alternatives to bonds that can bring balance back to retirees portfolios when bonds and bond funds become impotent.
We've never covered this topic before, but every single person age 64 1/2 should be paying close attention. Medicare rules are changing. Rates are changing. Benefits for Medicare Advantage and Medicare Supplements are changing.
This week, Bruce brings in Ventura's leading Consultant on Medicare, Jessica Jones, to discuss why your Medicare coverage is NOT something you stop paying attention to!
As the US Economy achieves it's longest ever period of expansion, only one of two great stories can be told!
- Overloaded with private and public debt, and a decade of stimulus, we will soon see the greatest bubble burst in all of US History.
- The Federal Reserve has done a phenomenal job, the economy has never looked better, America is the greatest economic engine in the history of The Western World, and demographics are poised to carry us into further prosperous times!
We're not joking! Both stories are compelling! And in this episode Bruce draws on the words of David M. Stockman, credited with being the economic mind of the Reagan Revolution to slash taxes and support private enterprise, and Logan Mohtashami, an outspoken economist from Orange County, CA, blogger of Financial Truth, and frequent guest on Bloomerg and other cable financial news. And these two couldn't disagree more!
Get the "Fair and Balanced Story" because you've asked for it. But just be careful what you wish for. Because in the end, you're the one who will have to find the correct and true version.
The core issue of this macro-economy, the driver of every tactical investment decision boils down to whether we have inflation or deflation ahead. That single issue affects stocks, bonds, banks, real estate and metals. No single investment choice can escape this fulcrum of balance in the economy.
In this episode Bruce discusses the ongoing pressures in each direction. How do things look under severe inflation or deflation? How should your planning change for either, and who will be the winners and losers in either scenario.
The U.S. economy is currently in the midst of the longest expansion in history.
But for retiring Boomers, or those near retirement, it's not about where we've come from, but about where we're going! Boomers don't have any room left for another decade of mistakes in their saving or investing strategy.
Of course, there are only two answers - Growth or Contraction. And if you're like the average IRA or 401k owner, you're hearing both stories circulating right now, and you don't know who to believe!
In this episode of Straight Talk Wealth Radio host, Bruce Weide, reaches out to economists on both ends of the argument and helps you understand the essential differences in their current economic predictions so that you can better think for yourself, by better understanding Economics 101, and the basis of their arguments.
Episode features two opposing viewpoints about the future of the American Economy!
With Logan Mohtashami, financial writer and blogger covering the U.S. economy with a specialization in the housing market.Â
https://loganmohtashami.com/
And Harry S. Dent, N.Y. Times Bestselling Author of Sale of a Lifetime - How the Great Bubble Burst Can Make You Rich.
https://economyandmarkets.com/
In anything you're trying to master, the fundamentals of the subject are the first thing to fully grasp and become comfortable with.
Baseball? Practice your hitting, fielding, double-plays, over and over and over again, and you've got a shot at winning games.
Musician? Practice your scales, arpeggios, and chord structure to get good at your instrument.
So what are the fundamentals of Retirement Planning? And just as important, when it is time to question them and reassess them?
In this show, Bruce demonstrates that recent times have shown that the fundamentals of "Investment Planning" are not the same kind, don't work, and can get you into big trouble when you apply them to Retirement Planning. Investment Strategies are NOT Retirement Strategies! Find out the difference and how you, too, can learn to master the fundamentals of Retirement Planning.
Also, listen to how you can get a free copy of a special calculator, designed by Bruce for use with his clients, that can help you get facile with calculating your own future retirement income planning, including inflation and projected portfolio growth.
How much of your cash is earning less than 2%? That's easy enough to fix!
In this episode Bruce shows how just getting small increases in your interest bearing savings accounts makes big returns over not so much time.
- Learn how to turn your money in 0.5% CD's at the bank into something better with 2%, 2.5% or even 3.7%.
- Learn how to get the fees out of your savings account!
- Learn about the huge effect it has when you turn taxable annual interest into real tax-deferred growth with true compounding.
Don't miss this most practical episode of STW Radio!
**How much of your money is earning less than 2%? That's LAZY MONEY and there is no reason for it!
Too many people are sitting on huge sums of cash earning practically nothing, only because they can't strategically make up their mind on how to build their portfolios for Income, Growth, and Liquidity!**In this episode Bruce demonstrates that the cost of getting paltry interest rates on even your bank savings account is needless and very costly in the long run. $100,000 earning .1% in a inflationary environment of 3.5% is loosing $3,400 a year in value. Or over $18,000 in 5 years (compounded)!
Bruce surveys the possibilities to find that much better rates exist for totally liquid money; 5-yr money; or long term money. But Lazy Money = Lazy Parents that just aren't bothering to find these substantially higher rates.
Lazy money is also found where dividends and interest are needlessly being taxed but not taken as income. Or worse yet, they may be forcing substantially more of your Social Security check to be taxed than need be.
Get that Lazy Money off the couch and get it to work! Listen to this very practical episode of Straight Talk Wealth Radio today!
WARNING: Your stock and fund broker would prefer you did NOT listen to this episode of Straight Talk Wealth Radio!
The fact is that there are 3 key erosion factors to any retirement portfolio that your wealth manager might be able to guess how to manage against, but they can never guarantee the outcome.
If you live too long, or if you plan on a portfolio withdrawal level that you think is reasonable how prepared will you be to reduce your standard of living by 40% halfway through retirement when markets, inflation or interest rates change your financial landscape later on?Â
It's actually possible to guarantee that such an event can never touch you, but only if you know how to plan correctly ahead of time.
We'll show you how in this episode of Straight Talk Wealth Radio.
Presently, !0,000 Baby Boomers A DAY turn 65 in the U.S., and it will continue until the year 2030! At that time there will be more people old people (over 65) in the U.S. than young people (18 and under) for the first time ever in the history of the country!
Stats show that 7 out of 10 retirees will need Long Term Care (LTC) support services at some point in their retired life.
Then this from the WSJ: "Millions Bought Insurance to Cover Retirement Health Cost, Now They Face an Awful Choice". That's because LTC Insurers are throwing in the towel from losses (long before the crush has even started!) and either leaving the market or raising rates dramatically.
What choices will be left for aging Boomers? Bruce covers the story in this episode!
Annuities are LONG-TERM contracts!Â
And annuity salesmen are well-trained to always "Sell the Sizzle"! They talk about great features, but omit the details.
How long are your funds tied up? What benefits do you think you are getting for that?
Why would your annuity salesperson show you just one or two models when there could be dozens to consider?
What's your purpose for buying the annuity? Safety? Liquidity? Future guaranteed income? Living benefits such as long-term care funding? Growth? Without knowing how to define your needs and what specific questions you should ask, you could be making the financial mistake of a lifetime!
Bruce walks through the vital points to consider for anyone who is considering or already owns an annuity!
Our first Episode back on the airwaves at Newstalk 1590 KVTA, Ventura, CA since 2016!
Bruce discusses what is new in the ALL NEW Straight Talk Wealth Radio! This week, featuring the ongoing Wall Street Journal series about retiring Baby Boomers, entitled "The Unprepared". Bruce excerpts the first article in the series and discusses how Boomers are unprepared, and some techniques to help them evaluate how unprepared you may actually be and some essential fixes to help.Â
California State insurance regulators have acted to remove some of the best performing annuity products from the California market starting on 1 January, 2017. I have never seen this much warfare against American Savers since Ben Bernanke destroyed the interest rate market to force retirees back into stocks, no matter the risk. Folks, there is a WAR going on between the Wall Street Casino Machine, and the Big Insurers of the Midwest. You have literally just a few days for this show to matter. LISTEN NOW, before you are stuck with "Next De-Generation" annuity products.
For decades the world has been marching deeper and deeper into the globalization solution. NAFTA, the Euro, the rise of China,the TPP, etc, etc. But there have been repercussions, from the loss of manufacturing in the US, to the Euromess to clean up the debt-ridden southern European countries by Germany and the other northern European countries. And now, in the mid-twenty teens, the tides are changing back again. Today we see the Brexit, the backlash against immigration, the rejection of the TPP, and astonishing election of Donald J. Trump. Renown economist Harry S. Dent says the world is already retreating from the Peak of Globalization, and in this exclusive interview Mr. Dent discusses with Straight Talk Wealth host, Bruce Weide, how the world will change and what happens next. Also includes remarks of David A. Stockman on Fox Business News.
Breaking News about the The Global Banking Crisis 2.0 in this show! European Debt levels show massive private sector bank debt with massive loan non-performance, and tells us how Europe will become a Global Crisis that will swamp Mario Draghi. And Janet Yellen won't be able to do a thing about it.
Bruce then tells very specifically the tactical changes you need to make in your retirement portfolio to weather the changes.
This episode opens with a review of Jon Hilsenrath's Wall Street Journal article about the failures of the Federal Reserve to revive the economy and the question of whether they really know what they can even do about it in the end. Then Bruce turns right back to "What do you DO about it?"
Bruce got tired of telling you that things are going to change. In this episode he starts telling you more explicitly what to DO about it in your own portfolio.
JANUARY 2016 - Three major events were hurling markets down 10% in single month! The China Bubble, The Oil Glut, The Fed is Out of Bullets! And as fast as they rattled the markets, 5 months later it seems that these concerns are a distant dream. Are the stories gone? Are we back on a year of growth? Or will China and Oil come back to haunt us again in the foreseeable future? This show features key analysis on the investment and banking markets from Harry Dent, Carl Icahn, Mohammed El-Erian, John Truman Wolfe, and Sen. Elizabeth Warren,
In the lead up to our Oxnard event on June 25th, hear an exclusive interview with economist Harry S. Dent. Bruce asks Harry about why the markets calmed after January 2016. The China Bubble, The Oil Glut, Fed Reserve out of bullets. Did these stories just go away or are they still major risks today?
Is the international economic crisis a carefully orchestrated strategy to gain control of the worldâs finances? What if the current financial crisis was not caused by unforeseen random events, but was instead a carefully orchestrated assault on the US Dollar, designed to cripple the American economy and ultimately gain complete control of the worldâs financial markets? Sound far fetched? Then you need to listen to this probing interview with John Truman Wolfe, the author of The Coming Financial CRISIS: A Look Behind the Wizardâs Curtain. Wolfeâs assertion is not some paranoid conspiracy theory, claiming the sky is falling. Being a former banker, Wolfe pulls back the wizardâs curtain, to reveal who is currently running the show (not who youâd expect) and explains where we are headed. Anyone who affected by the present financial crisis needs to know the truth and be able to plan for the future, to avoid personal catastrophe. To avoid being financially crippled by a further weakened global economy and the loss of all your assetsâ value, Straight Talk Wealth Radio Host, Bruce Weide, plies Mr. Wolfe for the crucial facts you need to know : Who runs the mysterious âBank for International Settlements,â located in Basel Switzerland? (Hitlerâs Bank is alive and well.) What has been quietly legislated in the US to set up Cyprus-style Bail-ins of depositors' accounts when the next banking crisis hits? How the US and the world will look very different 5-10 years from now.
After the great setback of 10% in January of 2016, by the end of the first quarter, it seemed liked all of the noise just suddenly stopped. Markets rebounded and didnât look back. So what happened to the story? What about the âChina Bubbleâ? What about depressed oil prices getting ready to crush banks who loaned the frackers up to $1 trillion that wonât be paid back? What about Europe on the edge of more default? In this episode Host Bruce Weide digs under the surface to find out what the âsmart moneyâ is thinking, exploring the recent media appearances of 4 of the most studied, if not successful market forecasters and investors. HARRY S. DENT: Founder of Dent Research, author of The Demographic Cliff, and chief writer for the daily Economy & Markets. DONALD TRUMP: Renown billionaire investor, developer and 2016 Presidential candidate. DAVID STOCKMAN: Outspoken proponent of free markets, Stockman served as Dir. Of the Office of Management and Budget directly under President Ronald Reagan. MARC FABER: Billionaire Swiss investment manager and Editor of the Doom, Boom and Gloom Report.
Bruce is determined to infuriate his colleagues. In the issue Bruce walks you through the most common financial sales presentations currently being huckstered at the free steak dinners that are so popular today. Most of these events are promoted through mass mailed invitations or even other radio shows. And while there is substantial content in them that can be factual, Bruce shows in this episode that there is just about the same volume of vital facts about these financial offers and products that you are never told. "Financial sales people are always told to 'Sell the Sizzle'. But I'm here to tell you that where's there sizzle, there's also the grease drawer," Bruce warns. BE SURE TO LISTEN TO THIS EPISODE BEFORE YOU GO TO THE NEXT FINANCIAL DINNER WORKSHOP!
This episode features a startling collection of predictions from David Stockman (Former Director of the Office of Management and Budget - Reagan Administration), Mohammed el-Erian (chief economic adviser at Allianz), Jim Rogers (Chairman of Rogers Holdings and Beeland Interests), Donald Trump. These are just a few of the experts, the "Smart Money" if you will, that are pointing to the same future predictions for the Global Markets.
2016 starts off with "Mom & Pop 401K" shaking in their boots! If the markets fall this year, let alone the global economy, will gold be the answer? Harry Dent says authoritatively, "No Way!" Find out why Deflation must defeat gold. Listen to Dent's bold prediction in this interview for gold to reach $700/oz. by 2017 and even $350/oz. by 2023!
Exclusive interview with former Comptroller USA, The Honorable David M Walker. Mr Walker is the former Public Trustee for the Social Security anf Medicare accounts, former head of the General Accountability Office of Congress, appointed by President Clinton and servings also under G.W Bush. This episode begins one of several where Bruce interviews Mr. Walker regarding the national debt and deficits, and how troubled really are Social Security and Medicare? Oh yeah - and how to we FIX all this. There may be nobody better qualified to answer these questions and Mr. David M. Walker.
Hear Bruce's exclusive interview with Harry S. Dent about the depth of the massive Chinese bubble in real estate that has now blown into Chinese stocks. Learn how the Chinese Communist parry is poised to lose control of their top-down crony capitalism in the bursting of their phony investment bubbles so big, it threatens to begin a global economic depression. Also features in depth discussion of the US housing market topping out before another potential 40% fall in prices, due to demographic weakness.
Exclusive interview with economist Harry Dent regarding China's real potential to crash US Markets. Leading into a new event in Oxnard on 10 October.
Leading up to our local workshop in September, Bruce discusses how utterly dependent most Americans will be for Social Security retirement benefits, when the actual income generated by Social Security is poverty level income. In the second half of this show Bruce introduces one of the most authoritative speakers in the US on Medcare benefits Alvin Parra, from Strategic Choices, LLC. Mr. Parra enlightens us on some of the little know lifetime penalties that can be assigned to seniors who do not accurately file for their Medicare benefits timely manner.
Exclusive interview with Senior Fellow at Manhattan Institute for Policy Research, Nicole Gelinas. I recently discovered Ms. Gelinas on a video she produced with Prager University on why governement should not bail out the big banks. 1.) How we got here, markets addicted to government bailouts and stimulus; 2.) Why don't we fear the BOOM? What investors do wrong with risk. 3.) The story of decreasing income and rising debt in Middle Class America. 4.) Where is the trail from Fed money printing to inflated stocks on Wall Street? How they meet up. 5.) Where is the risk in today's banking system?. 6.) Update in Europe and China. 7.) Will things have to get worse before they get better?
Exclusive interview with Senior Fellow at Manhattan Institute for Policy Research, Nicole Gelinas. I recently discovered Ms. Gelinas on a video she produced with Prager University on why government should not bail out the big banks. This is Part 2 of my two-part interview with her. In this episode we discussed 1.) Where is the trail from Fed money printing to inflated stocks on Wall Street? How they meet up. 2.) Where is the risk in today's banking system?. 3.) Update in Europe and China. 4.) Will things have to get worse before they get better?
Exclusive interview with Senior Fellow at Manhattan Institute for Policy Research, Nicole Gelinas. I recently discovered Ms. Gelinas on a video she produced with Prager University on why governement should not bail out the big banks. This is Part 1 of my two-part interview with her. In this episode we discussed 1.) How we got here, markets addicted to government bailouts and stimulus; 2.) Why don't we fear the BOOM? What investors do wrong with risk. 3.) The story of decreasing income and rising debt in Middle Class America. Lots more good stuff to come next week!
In this final episode in the run-up to our July 18th workshop, Bruce covers new ground never featured before: What risk is Greece to American Investors: how the Chinese Bubble has shifted from condos to stocks, with the Shen Zin exchange being up 120% on the year while Chinese GDP growth continues to contract; and billionaire investor Carl Icahn's recent remarks regarding the American stock bubble are taken up. THIS BUBBLE IS GLOBAL, WHICH MAKES IT EVEN HARDER TO BELIEVE! The evidence is here in this show!
Hear an exclusive recording of David Stockman speaking at the Dent Research "Irrational Economics" summit in October 2014, where he describes the current stock market as "A one-way casino dragging the economy closer and closer to the brink". Also features Bruce's exclusive one on one interview with Harry Dent. PLUS SHOCKING details about massive residential mortgage defaults that have come to light that no one is speaking about!
Featuring an exclusive interview with economist Harry S. Dent, and excerpts from former White house Budget Director David Stockman, hear the release of a major Southern California Event. Hear why Global Quantitative Easing can NOT go on forever,and how it will end. Hear two very different views of how investors should protect themselves. Get OUT of the equities markets? Or stay IN the equities markets? Bruce chats it up with John Grace, President of Investor's Advantage and keeps it friendly while he ardently disagrees.
March 2015 Interview with Harry S. Dent where I review several forecast e made that were unbelievable at the start of 2014, and were the irrefutable FACT just a year later.
Harry tells us where we will be a year from now.
In Episode 2, the country's leading Asset Protection Attorney, Douglas Lodmell, reviews what techniques work and what don't work to protect your wealth from frivolous lawsuits. Lawyers have turned the legal system into an industrial size extortion racket over the last generation. Doctors, contractors, employers, and construction company owners are particularly at risk. Follow the thread of how the "ambulance chasers" have come to usurp the system, how the scam is run today, and most importantly, what works and what does not for techniques to protect your interests from frivolous lawsuits. Bruce interviews the country's leading Asset Protection Attorney, Douglas Lodmell, and also features the website FaceOfLawsuitAbuse.org
Lawyers have turned the legal system into an industrial size extortion racket over the last generation. Doctors, contractors, employers, and construction company owners are particularly at risk. Follow the thread of how the "ambulance chasers" have come to usurp the system, how the scam is run today, and most importantly, what works and what does not for techniques to protect your interests from frivolous lawsuits. Bruce interviews the country's leading Asset Protection Attorney, Douglas Lodmell, and also features the website FaceOfLawsuitAbuse.org
For most working Americans, Social Security s going to provide a VITAL foundation to their retirement. But few realize that there are several strategic decisions on how and when to collect Social Security that can cost you or benefit you the difference of hundreds of thousands of dollars in a lifetime. This show is classroom style, taken from Bruce's local seminars on how to make the best possible decisions for you, your spouse, and your survivors.
2 conflicting articles in the Wall Street Journal get published, and together they are foretelling. Includes exclusive interview with Harry S. Dent.
Every day hard working people are fleeced out of their hard earned savings by smartly honed, if not often dishonest sales pitchmen. In this episode Bruce gives you the insider's look at how financial advisers are actually trained to sell and propagandized.
- How could the real estate market in only 4 essential states in the US have caused the Global Meltdown of 2008?
- How could an over-inflated stock market in the US in 1929 have caused the worldwide Great Depression of the 1930's?
- How is it that small bubbles in any asset base can take down an entire global system?
It only really happens when the banking system buys into the bubble, and then grows Too Big to Fail! In this episode of Straight Talk Wealth Radio, host Bruce Weide explores what has changed in the US banking system since the 2008 Meltdown, and (shockingly) what has not. For his research, he turns to 4 authorities who have studied the banking meltdown extensively, from the inside and out.
FEATURED ON THIS EPISODE,
- The words of: Sen. Elizabeth Warren (as interviewed by Charlie Rose on the release of her new book, A Fighting Chance): One of the most outspoken prophets of the 2008 Banking Crisis and the risk that the mortgage industry was involved in. She is a current co-sponsor with Sen John McCain of national legislation to bring back the Glass-Steagall Act of the Great Depression era which placed a virtual firewall between commercial banks, and investment markets.
- David Stockman (as interviewed by Bill Moyers) Former White House Budget Director under Ronald Reagan, and recent author of The Great Deformation: The Corruption of Capitalism in America. Today he is an outspoken critic of the massive Quantitative Easing money-printing experiment of the Federal Reserve Bank.
- Gretchen Morgenson (as interviewed by Bill Moyers): N.Y. Times reporter and author of Reckless Endangerment: How Outsized Ambition, Greed and Corruption Led to Economic Armageddon. She has exhaustively investigated the role of Fannie Mae and Freddie Mac in the Mortgage Meltdown of 2008.
- William Isaac (as interviewed on Newsmax TV): Former Chairman of the FDIC (appointed by Ronald Reagan), the very agency entrusted to regulate bank risk. Author of Senseless Panic: How Washington Failed America, Mr. Isaac gives a deep insiders view of effective bank regulation in a free market economy, and how the mistakes made in the Panic of 2008 failed to reset our economy.
What's most amazing amongst these authorities from both, the Left and the Right, is how much they agree! Hear this Straight Talk Wealth episode today, before it becomes tomorrow's lead economic news story in the next meltdown!
When was the last time your financial adviser suggested that you also consult with other advisers? Ludicrous, right? Well, on this show we follow the money! Learn who's interests come first, - yours or your adviser's revenue stream? Learn to tell the difference between propaganda & sales pitches, from real analysis and evaluation. And better, learn how it can in fact be very feasible to have multiple advisers who work in coordination for the good of the client.
in 2013 Berkshire Hathaway bought a an asset worth $300 million. Their cost? $60 million! Do you think just maybe Warren Buffett wouldn't like to do that all day long?By the way, any changes in the stock market, the real estate market, or the gold market will not change the outcome of this investment one single iota! It is a true non-correlated asset class, and is in fact maybe the very best hedge against a collapse those very Big 3 Benefactors of Fed quantitative easing.How has this asset class, traditionally only the domain of institutional investors, now become available to individuals with as low as $25,000 to invest.The whole story is in this episode of Straight Talk Wealth Radio.
There's a story going around the internet. It's saying that China has secretly amassed thousands of TONS of gold. They're buying gold mines, gold exchanges, gold stocks and gold bullion for reasons that will be so detrimental to the Dollar, that it will literally destroy the dollar as the World Reserve Currency.In this program Bruce explores the validity of the story with economist Rodney Johnson, President of Dent Research. Together they explore why China would do something so detrimental to it's largest global customer. Could such a ploy actually help China collect on it's $1.3 trillion of US Debt, that it will probably never see repaid? Or are there other motivations at play?NOTE: Sound quality is compromised in this edition. Please accept our apologies.
Despite historically unprecedented money printing, the real US economy remains sluggish and deflationary. However, stocks are great! IS there a stock bubble today, that is by and large stimulus driven? Based on this uncertain outcome, the rest of the world has written it's playbook as well. Will the Central Banks of the world save economic life as we know it on Earth, or destroy our globalized system in a catastrophic crash by the end of this decade? Weighing in this week: David Stockman, former Budget Director for the Reagan Administration and author of The Great Deformation, and Contrarian economist and demographer, Harry S. Dent, author of the upcoming book The Demographic Cliff. This show ends with a stunning inside report from CBS 60 Minutes on the Great China Real Estate Bubble, poised to become the greatest economic catastrophe we will see in our life time. Put on your seat belt, and learn how to Protect your wealth, Prepare, and Prosper in the coming Decade of More-Change-to-Come in the world.
Did you know Japan also had a Baby Boom? It just happened to be about 20 years ahead of us. Remember when Japan was supposedly going to be buying all of California in the late 1980's? What happened? Why did their economy retreat on the world stage? You've heard Bruce declare it before. DEMOGRAPHICS! Today, Japan produces 1.4 children for every couple. It's population is literally shrinking! In this episode Bruce takes you inside emptying villages in Japan and demonstrates the connection of economic slowdowns to slowdowns in good ole baby-making. He then raises the next logical question, "Isn't China next?" and asks how a Chinese slowdown will effect the global economy when it turns out not to be the big global engine we were all expecting.
Is Congress insane, or is the social veneer that keeps everything seem mild, finally starting to crack in this country? Is this war of polarized ideas as bad as it gets, or is it just the beginning of a greater conflict? In this show, Bruce declares that the political polarization is only a faint reflection of the much bigger war of economic ideas that very few politicians even realize that they are indoctrinated to. Show features the Dylan Ratigan MSNBC rant where he totally loses his temper, and an exclusive interview with Harry S. Dent., which explores opposing economic theories, the true organic economic driving forces of inflation and deflation, and Mr. Dent new and extensive research into the greatest real estate bubble in history, about to crack in China.
The greatest economic experiment in the history of the Western World has just taken place. To save the Global Economy from total cataclysmic collapse the governments of the world have printed more money out of whole cloth than has ever been imagined before. The results? $2 TRILLION in Stimulus (money printing) for $300 Billion Growth. Can this go on forever? Will the economy propel forward from here, or is Wall Street ADDICTED TO STIMULUS?
The greatest economic experiment in the history of the Western World has just taken place. To save the Global Economy from total cataclysmic collapse the governments of the world have printed more money out of whole cloth than has ever been imagined before.The results? $2 TRILLION in Stimulus (money printing) for $300 Billion Growth. Can this go on forever? Will the economy propel forward from here, or is Wall Street ADDICTED TO STIMULUS?SEGMENT #2 WSJ: 3 Strengths of the Economy You Didnât Know AboutHARRY DENT INTERVIEW: * Why Shouldn't Wall Street be Happy? Wall St. vs Main St.* Why Corporate Profits are Soaring
The greatest economic experiment in the history of the Western World has just taken place. To save the Global Economy from total cataclysmic collapse the governments of the world have printed more money out of whole cloth than has ever been imagined before. The results? $2 TRILLION in Stimulus (money printing) for $300 Billion Growth. Can this go on forever? Will the economy propel forward from here, or is Wall Street ADDICTED TO STIMULUS? SEGMENT #3 HARRY DENT INTERVIEW: * TRIGGERS to the Next Collapse * What SHOULD the US Be Doing? * Real Estate * Gold
The greatest economic experiment in the history of the Western World has just taken place. To save the Global Economy from total cataclysmic collapse the governments of the world have printed more money out of whole cloth than has ever been imagined before.The results? $2 TRILLION in Stimulus (money printing) for $300 Billion Growth. Can this go on forever? Will the economy propel forward from here, or is Wall Street ADDICTED TO STIMULUS?SEGMENT #1 #1 * Wall Street Headlines Mark Faber on Bloomberg TV What is a Retirement Roadmap?
WALL STREET JOURNAL REPORTS - The International Monetary Fund pronounces, (despite their best efforts) that the world needs to brace for ANOTHER soon-to-come recession! WHAT? Haven't the Central Banks of the world committed to printing enough fiat money to keep us all out of this abyss? No! In fact, the WSJ report actually enlarges on the fact that it was the very fixes by Central Banks (ECB, U.S. Fed Reserve, Bank of Japan, etc) that have exacerbated the coming Recession, and complicated any potential to offset it like the last time. This show features and extensive interview with N.Y. Times best-selling author and economist, Harry S. Dent, and also examines the foretelling specter of "Ghost Cities" in China.For Los Angeles area listeners, you will learn about a great opportunity from Straight Talk Wealth Radio to participate in our local rendition of Harry Dent's Demographic School presented by Host Bruce Weide.
Sept, 25, 2012 - Wall Street Journal Reports, "Home prices notched their strongest year-to-date gains since 2005, climbing 5.9% through July and signaling the housing market's steady trudge toward recovery."Could it be that it's time for investors to jump back in to real estate?In this episode of Straight Talk Wealth Bruce interviews two outstanding guests on the matter:Economist, Rodney Johnson: President of Harry S. Dent Enterprises. Rodney speaks in detail about how the new real estate opportunities will be different than the real estate boom and bust of '02-07, and some hidden land-mines in the current economy that could challenge the real estate recovery. Who is best positioned to play the game this time, and who would likely loose? Will real estate simply be another asset your portfolio allocation, or will it be a full-time job, not for amateurs? Rodney discusses all of this with Bruce in the first half of the show.Self-made millionaire and real estate investor, Grant Cardone: Born into modest means, Grant's father died when Grant was 10 years old, and his mother, who could not even balance a checkbook, was left to care for him and his siblings. From these humble roots Grant Cardone has become a multi-millioniare from a combination of building businesses and investing in multi-family real estate. In this searching interview Bruce prompts Grant to discuss what has set him apart to be a big success in business, when so many fail every year, and how Grant went about balancing income from working, and income from investing. It is an inspiring tale that reminds us that life can be tough, and only real tigers make it to the top.PLUS - A VERY SPECIAL BONUS FOR LISTENERS: Listen to the show and learn how you can acquire an invaluable tool from Straight Talk Wealth Radio for free - The Real Estate Investment Analyzer! This all-purpose spreadsheet can help you analyze any residential real estate deal for:Cash Flow: How much net income will the property produce in 5 years, 10 years, 20 years, etc.?Equity Growth: Given pay-down of the loan and inflation of the property values, what will your investment be worth through the future?Exit Strategies: Rarely understood by new investors until they're decades in to the property, is the "1035 trap". When investors often find that their cash flow can be inadequate to support their retirement lifestyle, they may have more than enough money for retirement trapped in the equity. However, the IRS lays claim to a big portion of those values if you try to tap into them. With this analyzer you can predict in advance how much of your investment growth you will own and how much the IRS will own as your silent partner. In this way, you can begin to strategize from the very beginning of leveraging IN to a property, what plans you should make for exit strategies and liquidity further on down the road. (Has a special link to help you learn how to avoid the 1035 trap and defer capital gain taxes.)LISTEN TO THIS WEEK'S SHOW, AND CALL IN FOR YOUR FREE RETIREMENT ROADMAP AND REAL ESTATE INVESTMENT ANALYZER!
General Motors' employees have a problem. A BIG problem.In this show, What's Wrong with Annuities? host Bruce Weide explores the pros and cons of Guaranteed Income vs. Managed Income in retirement for working American Baby Boomers, and why literally more than 35 billion dollars of GM and Ford obligations are set to move out of the hands of Wall Street money managers, over to the American Midwest (known as the "insurance belt") actuarial statistic geeks at life insurance companies.What do the big car makers know that you haven't been told... about the biggest threat to retirement this country will ever face, beginning by the end of this decade?
Clearly, the world's sovereign governments are either bursting with debt now, or they are frantically absorbing the debt liabilities of their private sectors, or even other countries. Understandably, mindful people are today speculating what could happen if major European countries, and yes...the US eventually simply can not pay their debt obligations and the World goes BANKRUPT! The most common answer you hear today, "Buy gold & silver because monetary denominations will be come meaningless in the face of hyperinflation." Straight Talk Wealth Radio Host, Bruce Weide, doesn't disagree with the distinct possibility of the premise, and in this show he goes on a search to find out if there is any reason at all to not buy into the proposed solution. IS Gold the ultimate answer? What are the different possible scenarios that could play out when the world goes broke?For this show, Bruce obtained an exclusive interview with economist and N.Y. Times best-selling author of "The Great Crash Ahead". Harry S. Dent, and together they explore the possibility of global debt failure and the range of possible outcomes.
We KNOW that governments around the world are over-indebted. We KNOW some very big governments are going to default this decade. So how could the flight to gold NOT be the answer? In this exclusive interview with Straight Talk Wealth Host, Bruce Weide, Mr. Dent discusses the realtionship between $20 trillion in private sector debt that he expoects to burst in the next few years as opposed to approx $2 trillion that the U.S. has "printed" to begin filling the void. Dent declares that this will not only lead to the next big stock marklet crash, but also further losses in real estate, and a repeat of the 2008 scenario where commodities plummeted in price.. What should you be doing instead to protect, preserve and prosper in the coming decade. Get the answers according to Dent in this podcast episode.
Harry Dent is interviewed by STW Host Bruce Weide regarding Dents recent claim that the Global governments and banks are in a deviant collusion to create a false global economy and artificially low interest rates that will soon have its day of reckoning on the global economy,.
How old will you live to be? That is the million dollar question. With people living longer and the advances in medical technology, how can you plan your retirement and guarantee that you will have enough money to last you the rest of your life? Imagine you are retiring next year. Is your retirement income guaranteed to increase with inflation? Will you even be able to live on what you make today in 10, 20 or more years down the line? In tis show, Bruce Weide and special guest co-host Michael Rossi will discuss these issues and provide valuable solutions on how to make your money last a lifetime - GUARANTEED!
In this episode Bruce explores whether it is possible to trust Wall Street anymore, in the light of blatant manipulation by too-big-to-fail global banks, in collusion with governments around the world. Sound like harsh words. Bruce's lays out the actual facts in this show.
Just your luck. You've been trying to save for retirement or just build wealth over the last 12 years, and you couldn't have picked aworse time. Consider the challenges we've faced as an economy: * The bursting of the Tech Bubble in 2000 * The terrorist attacks of 9/11 * The housing boom of 2003-2007, followed by the biggest bust since the Great Depression * The continuing repercussions of the debt bubble; from chaos in Europe, to an American economy addicted to stimulus 13 years of lost growth potential on your savings is no small setback! How can most Americans even dream of a secure retirement if the next 10 years looks like the last 10 years? Yes, the rules have changed! But, if you take the time to learn the new rules, you CAN win in the coming decade, and make it safely and securely to your goals. This week, Bruce Weide, host of Straight Talk Wealth Radio, thoroughly reviews the new risks exclusive to this decade, and explains the new rules to successfully navigate these risks for building wealth dependably and securely. It's not your fault. Someone changed the rules on you! But it's NOT TOO LATE, if you learn the new rules NOW. They're simple. But they're new and they're different. And no one taught you this in school.
Despite all appearances, the global financial markets are NOT coming to an apocalyptic collapse! Yes, there WILL be a new day dawning! The problem is that it may take until the end of this decade.In this show, Bruce extensively discusses the Seasons of the Economy, coming full cycle about every 40 years. FIND OUT: * How will we get through this global winter (If governments stopped trying to reverse the natural course of things)?* How America could come out strong by the end of the 2010s, provided we survive the winter?How will YOU weather the global economic winter and survive to smell the flowers of spring?Listen to this week's show and learn how to Protect, Prepare, and Prosper in the coming decade of change in the world.
This is the entire interview uncut with Harry S. Dent that Bruce conducted in the course of editing the broadcast show. Get the whole enchilada on what Harry Dent had to day, right here!
In America, there's a failure to appreciate Europe's leading role in the world. - Barack Obama - European government and private debt is on an unsustainable andunsolvable path. Now, after northern European countries (namely Germany) have spent billions and billions of Euros to save Greece, (who just elected a new government that will tell their lenders to "take a hike"), there is a whole new specter or European debt rising in Spain. But this time it's different.Spain is too big to fail, AND too big to bail out.In this show Bruce exclusively interviews renown economist and best selling author of the Great Crash Ahead, Harry S. Dent and together they review key statistics of Spain, and how this next big blow up will come to YOUR investment portfolio. The foreign threat to America today is still the "domino theory". But this time, it is how the dominoes of unsolvable Eurodebt, will crash the world economy, including the american stock market by 2013.GET THE FACTS! GET SAFE! Listen to "Who's Going to Pay Europe's Debt? You and Your IRA!"and learn to Protect, Prepare, and Prosper, when the trouble hits America.
In this show Bruce reviews two critical governmental reports from the General Accountability Office (GAO), and the President's Council of Economic Advisers which are sounding major alarms about the Baby Boomer Generation's unpreparedness for retirement in the next 10-20 years in America.
The reports cover the 5 Major Risks to retirement that, according to the government, will change everything. But the VERY VERY GOOD NEWS is that Bruce breaks down each specific risk, and gives you the specific strategy to mitigate, manage, and maximize your retirement savings, GUARANTEED! You will not hear this information anywhere else!
GO TO OUR BLOG PAGE TO ACTUALLY DOWNLOAD THE REPORTS!
Japan's pre-WW II Baby Boom was 20-plus years before the US's. Their bubble burst in the late 1980's. The Nikkei Index is has still only recovered to 10,000 from it's peak of 40,000 over 20 years ago. Japan's answer? Keep printing Yen and stimulating against all demographics, instead of de-leveraging and writing down debt! Does that sound anything like the U.S. Fed Reserve's actions today. Yet, there are major differences between our two countries as well. Get the whole story in this broadcast episode. Includes a very current interview with Rodney Johnson, president of H.S. Dent Enterprises.
In this show I want to address an issue that I truly believe is the most important issue all of us will face in the next decade. It is an issue that goes to the very heart of financial planning. And that is whether our personally accumulated U.S. Dollars will in fact become worth more in the foreseeable future or in fact become worthless as a monetary system by the end of this decade. - - You could buy all the stocks and mutual funds you want in the 2010âs; buy all the best foreclosure real estate, stock up with piles and piles of all the gold and silver you want. But Iâm telling you, if you call this shot wrong - Inflation of Deflation - your plans could all be for naught. - - So with this show, I want to review with you the most basic arguments on BOTH sides. Iâll give you several references that you can read on your own to look more deeply, if you wish. But at some point, because we all lead such busy lives just trying to keep our jobs and business productive, there comes a point where we canât possibly read all the books. And at that point we have to start to make some decisions about what we are going to do about it. I think this show will help.
In this show I want to address an issue that I truly believe is the most important issue all of us will face in the next decade. It is an issue that goes to the very heart of financial planning. And that is whether our personally accumulated U.S. Dollars will in fact become worth more in the foreseeable future or in fact become worthless as a monetary system by the end of this decade. You could buy all the stocks and mutual funds you want in the 2010âs; buy all the best foreclosure real estate, stock up with piles and piles of all the gold and silver you want. But Iâm telling you, if you call this shot wrong - Inflation of Deflation - your plans could all be for naught.So with this show, I want to review with you the most basic arguments on BOTH sides. Iâll give you several references that you can read on your own to look more deeply, if you wish. But at some point, because we all lead such busy lives just trying to keep our jobs and business productive, there comes a point where we canât possibly read all the books. And at that point we have to start to make some decisions about what we are going to do about it. I think this show will help.
February 2012 has been a good month for stock. Yet Bruce takes on naysayers like David Stockman, Lakshman Achuthan (Chief Operations Officer of the Economic Cycle Research Institute), and Harry S Dent, who say that there is a disconnect between the actual economy and the direction of the S&P 500. Will Baby Boomers see another economic crisis?
Get the whole story without the commercials. Is the stock market climbing because things are getting fixed, or do we have Wall Street living on "crack cocaine" being pushed on it by the Federal Reserve? In the Extended Podcast version, Bruce gets to slow down and give you the much bigger picture with all the facts. Hear interview clips with Gretchen Morgensen, David Stockman, Lakshman Achuthan (Chief Operations Officer of the Economic Cycle Research Institute), and Harry S Dent, who say that there is a disconnect between the actual economy and the direction of the S&P 500. Will Baby Boomers see another economic crisis? Download this EXTENDED PODCAST version now!
The crux of Failure in 2008 was the BANKS! Yes, tentacles went far and wide, but it was the leveraging of massive debt into the overinflated US real estate market that was at the crux of it.In this show we feature a groundbreaking series from Bill Moyers about why people like David Stockman, former Budget Director for the Reagan administration, and N.Y. Times Journalist Gretchen Morgenson, say not only that it can happen again, it WILL happen again!See much more on this story at our website at www.StraightTalkWealth.com
The crux of Failure in 2008 was the BANKS! Yes, tentacles went far and wide, but it was the leveraging of massive debt into the overinflated US real estate market that was at the crux of it. In this show we feature a groundbreaking series from Bill Moyers about why people like David Stockman, former Budget Director for the Reagan administration, and N.Y. Times Journalist Gretchen Morgenson, say not only that it can happen again, it WILL happen again! THIS SHOW GREATLY EXPANDS on our shortened broadcast version, and includes a lot more interview clips from the Bill Moyers episodes, and some corroborating data from Harry Dent.NOTE: The opening 12 minutes is about who WE are at STW. If you already know that, skip to about 12:00 into the show.
Baby Boomers barely have a decade left to recover from the current economic and financial crisis. So when WILL things turn around? This episode features excerpted interviews with Harry S. Dent regarding his book The Great Crash Ahead, and covers the hurdles to overcome, (European Debt, China Bubble, American Debt), and what the government could most effectively do right now to get America back on a strong economic footing.
First in a special "podcast only" format, STW Radio, usually broadcast as a 1-hour show on AM radio with barely enough time to cover issues in detail, now gets to stretch out and get serious about informing America regarding saving for retirement in the Desperate Decade ahead. This show highlights the seeds of the Eurodebt and why Europe only has 1 of the 3 key tools most other sovereign countries have to fix their economic crisis.
What can we expect going into the new year? What is the story of the coming decade? And how can retiring Baby Boomers find some peace of mind in retirement in a desperate decade ahead.
5 July the WSJ reports two seemingly diametrically opposite stories - the Recovery is dismal, and Wall Street investors seem to be loving it. In this show find out how the stock market can be so UP, while the US economy is do DOWN.
WSJ reports that seniors' nest eggs across the country are being shattered by low interest rates the Fed Reserve has put in place since the financial crisis. They talk about the crisis on .24% (the 24/100ths!) at the bank but they totally fail to mention the 7-8% guarantees in the pension markets. These folks are confusing short-term vehicles with long-term purposes and that's why they are gong under!Plus, Bruce & Walt really clown it up to make a point.
In this show, Bruce Weide and Kirk Cox explore whether the Baby Boomgeneration will actually ever enjoy a period of life where one'sassets can be a sole source of income, or whether working until our70's or 80's is more the lot of the Booomers.Several major challenges are identified and address.
This is a seminal show we keep replaying that never gets dated. It is about a key transition that the Baby Boom generation is just beginning to enter that they have little cognizance of, but is going to hit them like a ton of bricks. That is the difference between the ACCUMULATION aspect of saving and investing vs. the DISTRIBUTION strategies that they will begin to employ, and that are much more tricky and dangerous to miscalculate.
Hey, guess what? I think people are tired about hearing about theeconomy!So this week we are going back to the basics of retirement planning.Listen to this show where Bruce covers the Money Matrix - a litmustest you can apply to any investment for retirement!