Latest / Financial Survival Network / Economic Storm Warning: Prepare Now - David Stryzewski #6163

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Economic Storm Warning: Prepare Now - David Stryzewski #6163 · Financial Survival Network

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  Speaker 1: You know, there is an important moment in history that
• 0:04
  Speaker 1: I think that many are missing right now, and that
• 0:06
  Speaker 1: is that we have serious headwinds right now in unemployment,
• 0:11
  Speaker 1: serious headwinds that we are seeing in national debt, serious
• 0:15
  Speaker 1: headwinds that we're looking at in World War three, union shutdowns,
• 0:19
  Speaker 1: immigration challenges. As we're forty days or so out from
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  Speaker 1: this election, which has been one of the most interesting
• 0:25
  Speaker 1: times in history, and you know, I'm very concerned that
• 0:31
  Speaker 1: we're about to experience our hurricane, but we're going to
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  Speaker 1: experience it like it was a tornado and we didn't prepare.
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  Speaker 2: You were listening to Carrie Letz's Financial Survival Network, where
• 0:40
  Speaker 2: you get valuable information you just can't find anywhere else
• 0:44
  Speaker 2: to thrive in today's trying times. You need the Financial
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  Speaker 2: Survival Network now more than ever. Go to Financial Survivalnetwork
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  Speaker 2: Survival Network now more than.
• 1:00
  Speaker 3: Ever, And welcome you are listening to and watching the
• 1:07
  Speaker 3: Financial Survival Network.
• 1:09
  Speaker 4: Come here, who was carry Lott.
• 1:11
  Speaker 3: David Scruzeuski is with us now, and David, it's always
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  Speaker 3: great to have you on the show. So you're extremely
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  Speaker 3: concerned now about the prospect of a category six recession
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  Speaker 3: crash hitting US.
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  Speaker 4: Now, what makes you think it's immint it?
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  Speaker 1: Well, Carrie, I love how you just framed that and
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  Speaker 1: name the category six. I know you're in Florida just
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  Speaker 1: dealing with hurricanes there, and we were talking kind of
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  Speaker 1: in our pre bit. There had this analogy just kind
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  Speaker 1: of come to me, and that was, of course, you know,
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  Speaker 1: what's the difference between tornadoes and hurricanes. I mean, they
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  Speaker 1: both spin, they both twist, they both destroyed. The differences
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  Speaker 1: A tornado shows up out of the blue was unexpected.
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  Speaker 1: You get to the basements because that thing's sirening and
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  Speaker 1: you know the sirens going off in your town. Well,
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  Speaker 1: with the hurricane, we see the gale force winds begin.
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  Speaker 1: There's some tropical storm out in the middle of wherever,
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  Speaker 1: and then something shows up, you know, And I think
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  Speaker 1: that what I want to talk about today, and I'm
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  Speaker 1: excited to share, is that, you know, there is an
• 2:11
  Speaker 1: important moment in history that I think that many are
• 2:14
  Speaker 1: missing right now, and that is that we have serious
• 2:18
  Speaker 1: headwinds right now in unemployment, serious headwinds that we are
• 2:22
  Speaker 1: seeing in national debt, serious heads winds that we're looking
• 2:25
  Speaker 1: at in World War three, union shutdowns, immigration challenges. As
• 2:30
  Speaker 1: we're forty days or so out from this election, which
• 2:33
  Speaker 1: has been one of the most interesting times in history,
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  Speaker 1: and you know, I'm very concerned that we're about to
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  Speaker 1: experience our hurricane. But we're going to experience it like
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  Speaker 1: it was a tornado and we didn't prepare to see
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  Speaker 1: even if it's not a category five, and everyone's like, hey,
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  Speaker 1: we're about to have not a recession, Well, well if
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  Speaker 1: it's if it's just something less than a five. But
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  Speaker 1: you leave, everyone leaves their lawnmowers outside. What ends up happening?
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  Speaker 1: You know, those lawnmowers smashed through everyone's windows, destroy tons
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  Speaker 1: of things, and the catastrophe is far worse than it
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  Speaker 1: needed to be because no one was prepared. I think
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  Speaker 1: that today we are not prepared as a society. I
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  Speaker 1: think today we are not prepared for what is coming economically,
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  Speaker 1: and we would rather just you know, get our favorite
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  Speaker 1: purpose and elected and hold out for dear hope, ultimately
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  Speaker 1: making situations worse as time goes along. So that's the
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  Speaker 1: analogy I think that frames our moment in history right now.
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  Speaker 1: And I think it's apropos just given you know, what
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  Speaker 1: are our nation's experiencing on the East coast here where you.
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  Speaker 3: Live, you will you know, I think it's more like
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  Speaker 3: you left your doors and your windows open and you
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  Speaker 3: know the storm is coming, and then you just hope
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  Speaker 3: it's going to pass you by. But the reality is
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  Speaker 3: everybody's going to take a hit here, right.
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  Speaker 1: True, absolutely, And of course who takes the biggest hit
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  Speaker 1: is the you know, the the American public, the consumer,
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  Speaker 1: the taxpayer, we the people. You know, it's it's it's
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  Speaker 1: it's quite remarkable when you look at where we are
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  Speaker 1: as a nation and to say that we're strong. You know,
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  Speaker 1: the consumer today is sitting with record high credit card debt.
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  Speaker 1: And let's just be clear, no one goes into credit
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  Speaker 1: card debt because they think that that's a good idea
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  Speaker 1: or a good way to buy things. They do it
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  Speaker 1: because that was their only answer, that was the only choice.
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  Speaker 1: And so you know, we paid off our credit cards
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  Speaker 1: by the way, in twenty one and twenty two when
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  Speaker 1: everything was was you know, locked down, and then because
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  Speaker 1: no one wants credit card debt. But now we blew
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  Speaker 1: through that two point nine trillion worth of savings and
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  Speaker 1: we find ourselves at a nation, as a nation in
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  Speaker 1: a place that's very difficult. So with GDP numbers coming out,
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  Speaker 1: and you know, we got the rest of the year
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  Speaker 1: to be seeing how this thing unfolds. I'm very concerned
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  Speaker 1: Carrie that we're going to see a lot of this
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  Speaker 1: data deteriorate all at one time. And that's probably why
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  Speaker 1: the CONFEDI just even cut fifty basis points when I
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  Speaker 1: believe that they should have never come close to cutting
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  Speaker 1: fifty basis points here in September.
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  Speaker 3: And the odds are good, I knew they were going
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  Speaker 3: to cut fifty by the way, Jill, Yeah, I'm surprised
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  Speaker 3: they didn't cut a full hundred basis points, but they
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  Speaker 3: had to look like they still care about inflation.
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  Speaker 1: But all they care about now is the election. That's
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  Speaker 1: right exactly now. They do care about the election. This
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  Speaker 1: is the most political bed that I can remember. I
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  Speaker 1: mean here, they were supposed to cut in July of
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  Speaker 1: twenty three. They wait fourteen extra months to cut the
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  Speaker 1: month before the election or the month that everyone starts voting,
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  Speaker 1: and so of course what's that going to be. That's
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  Speaker 1: very inflationary carry what happens when interest rates sensitive investments
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  Speaker 1: like real estate that were already at all time highs.
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  Speaker 1: It's the most unaffordable time in our nation's history to
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  Speaker 1: own a home or even rent a home, and so
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  Speaker 1: you cut rates, therefore giving us the ability to go
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  Speaker 1: deeper into debt, making the price go higher. How is
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  Speaker 1: that result going to result? The stock markets at all
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  Speaker 1: time highs? This is going to end in the worst crash.
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  Speaker 1: And maybe it is a category six like you were saying,
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  Speaker 1: And there's not even a category six hurricane, so we'll
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  Speaker 1: call it a category six financial crash.
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  Speaker 4: I haven't seen one.
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  Speaker 3: But look, Warren Buffett is dumping stocks like there's no
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  Speaker 3: tomorrow is what do you make of that?
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  Speaker 1: David Well, the smartest investor of our time, Warren Buffett,
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  Speaker 1: when quoted about asking how to invest in a bull market,
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  Speaker 1: he said, you know, when the tide comes in, all
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  Speaker 1: ships rise, but it's only when the tide goes out
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  Speaker 1: that you find out who's swimming naked? How expected if
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  Speaker 1: you actually were, and.
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  Speaker 3: So beaches all antient the naked investors out there, right.
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  Speaker 4: That's right?
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  Speaker 1: And guess what we got a lot of exposure here today.
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  Speaker 1: And what I'm very concerned about is that the anchors
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  Speaker 1: to the portfolio that people have been depending on For
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  Speaker 1: all these years they've been saying, hey, I diversify my
• 6:55
  Speaker 1: portfolio because when things that our negative happened, I need
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  Speaker 1: a good anchor. And so that's the bond market. Carrie,
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  Speaker 1: if I could just say this really quick, I believe
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  Speaker 1: that the sucker at the card table, the biggest risk
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  Speaker 1: that we have right now is actually in the bond market.
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  Speaker 1: And the reason why is that the bond market is
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  Speaker 1: is not priced according to the risk that we're actually taking.
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  Speaker 1: There are five different ways that bonds can lose money,
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  Speaker 1: and people don't know this. They're not aware of this.
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  Speaker 1: Their portfolio is lost in twenty twenty two because of this,
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  Speaker 1: because the interest rate change component to that. But the
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  Speaker 1: United States right now is you know, we've been the
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  Speaker 1: cleanest shirt in the dirty laundry if you will, like, Okay, well,
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  Speaker 1: if I got to do something, I guess I'll put
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  Speaker 1: that one on. But right now that shirt is not
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  Speaker 1: looking nearly as good because we've got you know, thirty
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  Speaker 1: five trillion dollars in debt. I mean, we've added twelve
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  Speaker 1: trillion in four years. I mean it took us twenty
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  Speaker 1: three trillion, took us two odd fifty years. We did
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  Speaker 1: this in four twelve trillion dollars. We added another half
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  Speaker 1: to it. This is a away great train right now.
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  Speaker 1: If Moody's gets Moody.
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  Speaker 4: And they.
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  Speaker 1: Rate us down from triple A rated to double A rated,
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  Speaker 1: could you imagine that mean the third rating agency we
• 8:12
  Speaker 1: just had Fitch to it last year? What would happen
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  Speaker 1: with Moody's The entire system gets downgraded at once. What
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  Speaker 1: happens when your positions were credit worthy at triple B
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  Speaker 1: and now they go to double B junk status? That's
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  Speaker 1: an issue. What happens when everyone, everything that was A
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  Speaker 1: rated becomes potentially less than or at least questioned, Well,
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  Speaker 1: then we've got to look at our system in a
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  Speaker 1: different way, and it causes us to examine a whole
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  Speaker 1: new light. That light is not currently here. People are
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  Speaker 1: not currently looking at things in that way. And if
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  Speaker 1: we begin to evaluate like that, friend, it's going to
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  Speaker 1: mean that the world is looking at stocks. They're going
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  Speaker 1: to be looking at their investments from a whole different
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  Speaker 1: point of view.
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  Speaker 4: I couldn't agree with you more.
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  Speaker 3: And look, I think the handwritings on the wall trillion
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  Speaker 3: dollar of new debt every hundred.
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  Speaker 4: Days, that's right, that's four trillion a year, and the.
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  Speaker 3: Appetite for US debt is diminishing globally, and the rush to.
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  Speaker 4: Gold is on. So what do you buy here? Gold? Silver, Bitcoin?
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  Speaker 4: Is that it?
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  Speaker 1: Well, you know, the hard assets things like that are
• 9:21
  Speaker 1: going to be much more meaningful. So yeah, I'm a
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  Speaker 1: big metals investor. I think one of the ways that
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  Speaker 1: you can do this is you can purchase the physicals,
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  Speaker 1: or you could actually buy the miners. The miners are
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  Speaker 1: so on sale right now. I think that as a
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  Speaker 1: sector they're likely going to lead for the next decade.
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  Speaker 1: And so you know, if you don't want to buy
• 9:39
  Speaker 1: individual names, buy an index, a good index, and leverage
• 9:42
  Speaker 1: somebody else's understanding. I think bitcoin definitely is going to
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  Speaker 1: be going up because the US dollar is being questioned.
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  Speaker 1: I mean, my belief is that the ten year treasury
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  Speaker 1: of the United States is at high risk right now
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  Speaker 1: of losing the world's reserve asset statu Yes, So the
• 10:01
  Speaker 1: fact that everyone puts their money in you know, ten
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  Speaker 1: year IOUs and the US dollar is changing with the
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  Speaker 1: bricks nations coming out with their new system, et cetera,
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  Speaker 1: et cetera. So you know where do we go. Well, hey,
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  Speaker 1: there's a number of places to go. But again, we
• 10:16
  Speaker 1: need to examine our anchors. I think now before more
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  Speaker 1: than ever, we need hedging strategies. We need to understand
• 10:24
  Speaker 1: how to dial in our risk inside of our portfolios,
• 10:27
  Speaker 1: make sure that we have the right anchors in place
• 10:30
  Speaker 1: before the storm shows up. I mean, if I didn't
• 10:33
  Speaker 1: do the things on the front end, again, I'm going
• 10:35
  Speaker 1: to have a much different outcome as everything gets blown
• 10:38
  Speaker 1: away hard. The pun in a recessionary type but timeframe.
• 10:44
  Speaker 3: So he you know, I have to tell you like
• 10:46
  Speaker 3: I've been in YouTube the jail for years. I mean,
• 10:51
  Speaker 3: I've been in the YouTube goolog of content creators.
• 10:56
  Speaker 4: They've been shuddering me.
• 10:58
  Speaker 3: But recently I've had a number of them blow up
• 11:01
  Speaker 3: for me, go viral, not what they used to. But
• 11:04
  Speaker 3: my last one was Martin Armstrong Prepare for World War Three,
• 11:09
  Speaker 3: gotten over one hundred and fifty thousand views, David Well,
• 11:13
  Speaker 3: which means even the YouTube algorithm cannot contain people from
• 11:19
  Speaker 3: seeking out this information that to me could be the
• 11:22
  Speaker 3: biggest contrary indicator. And it's been a trend that's been
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  Speaker 3: taking place David over the past six months where their algorithm,
• 11:31
  Speaker 3: when I have the right guests on and the right
• 11:34
  Speaker 3: headline blows up, and people also rip off my stuff
• 11:39
  Speaker 3: and read do it under their own, and they get
• 11:41
  Speaker 3: more reviews than I do, which is fine because I
• 11:44
  Speaker 3: just want the message to get out there. But you know,
• 11:49
  Speaker 3: something is definitely a foot, he says. Gold and bitcoin.
• 11:56
  Speaker 3: I think you got to have some. You don't need
• 11:58
  Speaker 3: a lot, because it could go up ten like that,
• 12:01
  Speaker 3: could be trading one hundred and fifty thousand, two hundred
• 12:05
  Speaker 3: fifty thousand like nothing, because right now it's close to
• 12:08
  Speaker 3: sixty three or four down A little bit today doesn't
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  Speaker 3: particularly matter.
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  Speaker 1: But I make a cook case for you sure the
• 12:18
  Speaker 1: way that I actually like to look at it. I mean,
• 12:20
  Speaker 1: I own some gold, but but I'm actually a much
• 12:23
  Speaker 1: bigger silver investor. And here's the reasoning. What you know,
• 12:27
  Speaker 1: we've all we've all been familiar with this idea of
• 12:29
  Speaker 1: the gold standard. Well, the gold standard was fifteen ounces
• 12:34
  Speaker 1: of silver is equivalent to the same value as one
• 12:36
  Speaker 1: ounce of gold fifteen to one. Well to this morning,
• 12:38
  Speaker 1: we're at like eighty four to one, as is the
• 12:41
  Speaker 1: actual ratio of silver to gold. If you look at
• 12:44
  Speaker 1: the mining ratio, like what are they producing today? It
• 12:47
  Speaker 1: is a strained to one at night. And so the
• 12:51
  Speaker 1: question is, wow, why is silver not worth more relative
• 12:55
  Speaker 1: to gold? And the answer is because our fallen's these
• 12:58
  Speaker 1: these wonderful things computers all the it has a commercial
• 13:02
  Speaker 1: value to connect circuits. But the new thing that is
• 13:05
  Speaker 1: being used silver for the most is solar panels. And
• 13:09
  Speaker 1: of course, the quote unquote Inflation Reduction Act given an
• 13:12
  Speaker 1: incredible incentive which I took advantage of to to get
• 13:16
  Speaker 1: solar and that is a significant use of silver. So
• 13:20
  Speaker 1: I personally believe that silver has a far larger growth
• 13:25
  Speaker 1: ahead of it than gold does. And so I like
• 13:27
  Speaker 1: solar miners and places that are you know, able to
• 13:33
  Speaker 1: really capitalize and what will I think be a very
• 13:35
  Speaker 1: strong trend. So gold's leading the way to new all
• 13:38
  Speaker 1: time highs. That also tells us that inflation is with us,
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  Speaker 1: because if it takes more interest dollars to buy one
• 13:43
  Speaker 1: outs of gold, then that's inflationary. But silver is about
• 13:48
  Speaker 1: to break loose here and it's in the past, and
• 13:50
  Speaker 1: I believe that ultimately silver is going to go to
• 13:53
  Speaker 1: you know, probably fifty bucks at the end of the year,
• 13:56
  Speaker 1: one hundred dollars by the end of next year, but
• 13:58
  Speaker 1: it could be as high as two hundred at all
• 14:00
  Speaker 1: depends on the progression of that brick system, which is
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  Speaker 1: of course paying forty percent of their currency to gold,
• 14:06
  Speaker 1: sixty percent of the GDP of their nation, which of
• 14:09
  Speaker 1: course can be manipulated in a number. So let's just
• 14:12
  Speaker 1: focus on forty percent of it was gold.
• 14:15
  Speaker 3: I think bricks ultimately will be a failure, but for
• 14:18
  Speaker 3: different reasons.
• 14:19
  Speaker 4: But it's still not going to change anything.
• 14:22
  Speaker 3: Do you know how many ounces of silver go into
• 14:24
  Speaker 3: a cruise missile, David.
• 14:26
  Speaker 1: I do not. Five hundred five hundred ounces sold one
• 14:30
  Speaker 1: blond out about all. Wow, the ounster box worth of
• 14:34
  Speaker 1: silver for every cruise missile.
• 14:35
  Speaker 4: Yeah, here you go. Yeah, we're building more and more
• 14:37
  Speaker 4: of them than ever.
• 14:38
  Speaker 3: Which is why the government has been keeping it down
• 14:42
  Speaker 3: for as long as they can. But it's also a
• 14:45
  Speaker 3: lot of military applications you know, use many many more
• 14:51
  Speaker 3: ounces of silver than anything else. And you know, it's
• 14:55
  Speaker 3: just something you know that you should kick track of.
• 14:59
  Speaker 4: Here.
• 15:00
  Speaker 1: It means it a very high and that just is
• 15:02
  Speaker 1: to your point. I mean, under COVID, everything shut down.
• 15:05
  Speaker 1: We have a deficit. I think coming into this year
• 15:07
  Speaker 1: was about two hundred and fifty thousand or two undred
• 15:10
  Speaker 1: and sixty thousand ounces deficit of what we need, so
• 15:13
  Speaker 1: we weren't replenishing the ones that were used. And of
• 15:17
  Speaker 1: course in China right now they're paying an extra three
• 15:19
  Speaker 1: dollars over spot beyond what we have to enter in
• 15:22
  Speaker 1: the US. So I don't think that we've in the
• 15:24
  Speaker 1: Western world figured out what they've figured out right now
• 15:27
  Speaker 1: in Asia, and they're doing it as fast as they
• 15:30
  Speaker 1: possibly can. I just wonder, will we experience a hurricane
• 15:35
  Speaker 1: like a tornado? Ye? Will lack of being observing the
• 15:39
  Speaker 1: times that are changing.
• 15:40
  Speaker 3: There's no question in the entire world. All the faconotis there, Bro, David,
• 15:45
  Speaker 3: just tell us.
• 15:46
  Speaker 4: How do we connect with you? How do we find
• 15:48
  Speaker 4: you on the web?
• 15:49
  Speaker 1: Yeah, hey, Steadbubble dot com got some good information out there,
• 15:53
  Speaker 1: got classes that are coming up here as the year
• 15:56
  Speaker 1: is ending on Medicare, Social Security tax is a retirement
• 16:00
  Speaker 1: So that's kind of what we got going on right now.
• 16:03
  Speaker 1: And welcome anybody to get some downloads off our website.
• 16:07
  Speaker 3: All right, and you'll find a link in the show
• 16:09
  Speaker 3: notes to this interview on Financial Survival Network dot com
• 16:13
  Speaker 3: and just click it take you to David's site.
• 16:16
  Speaker 4: While you're there.
• 16:16
  Speaker 3: Would you please sign up for our free newsletter. Got
• 16:20
  Speaker 3: a question for David myself? Klatcarriluts dot com is the
• 16:24
  Speaker 3: email address.
• 16:25
  Speaker 4: Always a pleasure to have you on, David. We'll talk
• 16:27
  Speaker 4: to you again real.
• 16:27
  Speaker 1: Soon Gary Pleasures mind take hereic talking soon.
• 16:30
  Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your
• 16:34
  Speaker 2: solution to today's trying times. For the latest, go to
• 16:38
  Speaker 2: Financial Survivalnetwork dot com. Financial Survival Network now more than ever,