Latest / Financial Survival Network / Preparing for Economic Transitions Ahead - David Stryzewski #6180

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Preparing for Economic Transitions Ahead - David Stryzewski #6180 · Financial Survival Network

0:00
Speaker 1: So we're going to see a very different world that
0:04
Speaker 1: as he you know, is getting his team ready. What's
0:08
Speaker 1: pretty amazing though, is that most of his team are
0:11
Speaker 1: independently wealthy people that don't need to be here, do
0:15
Speaker 1: not need to be doing it, but I think kind
0:17
Speaker 1: of feel like they have a calling on their life
0:20
Speaker 1: for the moment that we find ourselves in. And so
0:22
Speaker 1: what's interesting is if you think about, you know, this
0:24
Speaker 1: transition team and what's coming together, I think that they
0:28
Speaker 1: are going to have to look at quite a number
0:30
Speaker 1: of things. We have a spending that is that is
0:34
Speaker 1: out of control right now. You know, when President Trump
0:37
Speaker 1: left office, we were sitting at about, oh, I don't know,
0:39
Speaker 1: twenty four trillion dollars.
0:41
Speaker 2: You were listening to Carrie. Let's his Financial Survival Network
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0:54
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1:05
Speaker 3: Ever, And welcome you are listening to and watching the
1:12
Speaker 3: Financial Survival Network. I'm your host, Carrie Lutz. Well, elections
1:16
Speaker 3: come and go. But the bureaucracy Washington, d C. The
1:21
Speaker 3: swamp is forever. Well, what the effect is it going
1:25
Speaker 3: to have on the markets, your investments, the dollar, interest rates?
1:31
Speaker 3: Going ahead? David Struzowski, well known financial expert with US now, David,
1:38
Speaker 3: welcome back. So election came worked out pretty much exactly
1:44
Speaker 3: the way I was anticipating. And here we are the
1:48
Speaker 3: next day, new sheriff in town.
1:50
Speaker 1: Yeah, we do have a new sheriff. That's I think
1:53
Speaker 1: a good way to put it. You know. So because
1:57
Speaker 1: of the very drastic difference between the two campaigns and
2:01
Speaker 1: the two candidates, you know, it was going to go
2:03
Speaker 1: one way if we had a Harris presidency in another
2:07
Speaker 1: way if we have a Trump presidency. And what's amazing
2:10
Speaker 1: is watching what the markets are doing right now. I
2:13
Speaker 1: mean this is this is the stock market is going
2:17
Speaker 1: off the off the charts, and the crypto market is
2:21
Speaker 1: going through the roof right now. Although metals have have
2:25
Speaker 1: have pulled back. This is very positive for oil, This
2:28
Speaker 1: is very positive for the United States and UH. And
2:32
Speaker 1: ultimately I think that there's a new revaluation UH that's
2:37
Speaker 1: going to be coming to various asset classes as we
2:40
Speaker 1: continue to progress forward here, uh, into the future, So you.
2:44
Speaker 3: Think it really changes that much, But we still have
2:47
Speaker 3: a huge deficit. We've got astronomically increasing debt, geometrically increasing,
2:54
Speaker 3: you know, we've got wars breaking out or ready to
2:57
Speaker 3: break out all over the place.
2:59
Speaker 1: Uh.
3:00
Speaker 3: Trump the one to bring sanity to what is quite
3:04
Speaker 3: obviously an insane world.
3:08
Speaker 1: Well, I think that his track record last time was
3:11
Speaker 1: that he neutralized even what was going on in North Korea,
3:15
Speaker 1: and he did it with some unconventional ways, including when
3:20
Speaker 1: people were even coming over the border from Mexico. He
3:25
Speaker 1: did the Remain in Mexico program and said, hey, sorry, Mexico,
3:27
Speaker 1: if you keep sending people, we're going to actually just
3:29
Speaker 1: cut off our aid to you going forward, and oh
3:33
Speaker 1: the flow stopped. So we're going to see a very
3:37
Speaker 1: different world that as he you know, is getting his
3:42
Speaker 1: team ready. But what's pretty amazing though, is that most
3:45
Speaker 1: of his team are independently wealthy people that don't need
3:49
Speaker 1: to be here, do not need to be doing it,
3:51
Speaker 1: but I think kind of feel like they have a
3:53
Speaker 1: calling on their life for the moment that we find
3:56
Speaker 1: ourselves in. And so what's interesting is if you think about,
3:59
Speaker 1: you know this trains team and what's coming together. I
4:02
Speaker 1: think that they are going to have to look at
4:05
Speaker 1: quite a number of things. We have a spending that
4:09
Speaker 1: is out of control right now. You know, when President
4:11
Speaker 1: Trump left office, we were sitting at about, oh, I
4:14
Speaker 1: don't know, twenty four trillion dollars. I was concerned about
4:17
Speaker 1: it back then. Back it took us two hundred and
4:19
Speaker 1: fifty years as a nation to get that money to
4:21
Speaker 1: rack up that debt, and since then we've added twelve
4:25
Speaker 1: trillion dollars four years. This is a runaway freight train.
4:30
Speaker 1: It's got to be stopped. We're at risk right now
4:33
Speaker 1: of Moody's, which is the third rating agency, downgrading the
4:37
Speaker 1: United States from triple A rated to double A rated
4:40
Speaker 1: because of political stalemate and GDP issues. We're at the
4:44
Speaker 1: same levels of debt to GDP as we were at
4:46
Speaker 1: the end of World War Two, but it seems like
4:49
Speaker 1: we're literally at the beginning of a WW three, and
4:53
Speaker 1: so we'll see what President Trump and his team have
4:56
Speaker 1: the ability to do. I believe probably negotiations and things
4:59
Speaker 1: are taking place now now trying to de escalate. But
5:02
Speaker 1: this is something that the Biden and Harris administration where
5:04
Speaker 1: I'm willing to even have a conversation about and that
5:07
Speaker 1: was peace, and so they would rather just fight a war,
5:11
Speaker 1: I guess, and you know, send our sons and daughters
5:14
Speaker 1: off to another Afghanistan and hopefully that turns out to
5:18
Speaker 1: better next time. That's the definition of insanity. Hey.
5:21
Speaker 3: It reminds me of that book by p. J. O'Rourke
5:24
Speaker 3: called Give War a Chance, which was in case you
5:29
Speaker 3: didn't know, of course you know, but you listening in
5:33
Speaker 3: case you didn't know, that is actually a little bit
5:37
Speaker 3: of a satire. That was PJ. O'ororic's mastery, his ability
5:43
Speaker 3: to bring satire out the most distressing topics imaginable.
5:49
Speaker 1: Right, and here we are, huh Well, I'd say, you know,
5:54
Speaker 1: having a little bit of humor in some of the
5:57
Speaker 1: painful places is a way that we can nowabigate it.
6:00
Speaker 1: I think it's important to actually talk about something, even
6:04
Speaker 1: if you do it in a humorous way, it kind
6:05
Speaker 1: of makes a spoonful of sugar, makes the medicine go down.
6:07
Speaker 1: So there are a number of ways of doing things
6:10
Speaker 1: like that that as leaders, you then bring people along
6:14
Speaker 1: with you. I'll just say one other thing that that
6:17
Speaker 1: I think is just really positive about where we are.
6:21
Speaker 1: You know, this is an America first president, and so
6:25
Speaker 1: what we're going to see is the United States get
6:27
Speaker 1: back to manufacturing again. I'm very excited about this because
6:30
Speaker 1: this is jobs that we desperately need. Are these are
6:34
Speaker 1: jobs that are going to be reshoring, friend shoring, and
6:39
Speaker 1: you know, the United States is a place that we
6:42
Speaker 1: end up manufacturing things cleaner and safer than anywhere in
6:46
Speaker 1: the world. But we've not been able to do it cheaper.
6:48
Speaker 1: Here's the good news. We've been developing and I've been
6:51
Speaker 1: actually having conversations with with engineers that have actually successfully
6:56
Speaker 1: taken companies from China reshored them back Indian States for
7:00
Speaker 1: the same cost, in the same pricing. How in the
7:03
Speaker 1: world were they able to do that. They've developed more
7:05
Speaker 1: efficient ways of doing the assembly line, They've developed more
7:09
Speaker 1: efficient ways of getting things done and accomplished in a
7:13
Speaker 1: Chinese type of a system. They are not as interested in, uh,
7:18
Speaker 1: you know, being as fast, and the people are just
7:21
Speaker 1: kind of you know, there for a very low wage.
7:24
Speaker 1: This is not something that they're doing out of a passion.
7:27
Speaker 1: Here in the United States, we have a different motivation.
7:30
Speaker 1: We we we earn money, we get a house, we
7:32
Speaker 1: have a family. You can be your own king of
7:34
Speaker 1: your own castle. Here in the United States, a very
7:36
Speaker 1: different idea. And so what I think is going to
7:38
Speaker 1: happen is you're going to see America begin to get
7:42
Speaker 1: strong again. We're going to see, you know, some of
7:44
Speaker 1: these permits open up and we're going to do We're
7:46
Speaker 1: going to see more oil. We're going to see uh,
7:49
Speaker 1: you know, more more uh lithium and metals that are
7:53
Speaker 1: very important, like gold and silver to be to be
7:56
Speaker 1: mined here in the United States or in the North
7:58
Speaker 1: America continent. So you're going to see also the world
8:05
Speaker 1: do some tariffs. Now the United States is leading in
8:09
Speaker 1: those tariffs. My one concern is this is that the
8:12
Speaker 1: rest of the world looks at the US dollar. If
8:13
Speaker 1: we don't get this under control, going back to your point,
8:16
Speaker 1: if we don't get to the under control that the
8:19
Speaker 1: world says, hey, you know what, We're going to create
8:21
Speaker 1: our own system. Putin announced it a couple of weeks ago,
8:25
Speaker 1: talking about this bricks dollar, and they're going to have
8:27
Speaker 1: it backed up by forty percent gold, sixty percent what
8:31
Speaker 1: their GDP is, and that they trade amongst one another,
8:34
Speaker 1: and they would then they're looking to d dollarize and
8:38
Speaker 1: no longer use the US dollar. Why because our answer
8:41
Speaker 1: to all of life's problems is quantitative easy. I believe
8:45
Speaker 1: that there's a banking challenge coming. I think that we've
8:48
Speaker 1: we've got a lot of issues here for this administration
8:51
Speaker 1: to be figuring out, and they're going to have to
8:53
Speaker 1: do it really fast because the brakes could be hit
8:57
Speaker 1: and the data all shows up at one moment. And
9:00
Speaker 1: so if these bricks nations come out, they got their
9:03
Speaker 1: own version of a dollar, and the US has to print, print, print, print, print, well,
9:08
Speaker 1: that's a very inflationary moment that we would find ourselves in.
9:13
Speaker 1: And I think that that's the world's response to our
9:18
Speaker 1: sanctioning them. Well, they sanction our money, they say, because
9:22
Speaker 1: it's not backed by something. So this is my fear.
9:24
Speaker 1: So I'm giving you a speculation here and something to
9:27
Speaker 1: be thinking forward. The good news is that President Trump
9:31
Speaker 1: is a great negotiator, and people just don't understand them.
9:34
Speaker 1: They think because he makes extreme statements that he's such
9:38
Speaker 1: an extreme person, he's just trying to get you off
9:40
Speaker 1: your number. You have to understand the art of negotiation.
9:43
Speaker 1: But the Tax Cuts and Jobs Act were a massive
9:46
Speaker 1: win for corporations, and they would have been a massive
9:48
Speaker 1: negative going away in two years. Now that he's in
9:52
Speaker 1: he's going to extend the Tax Cuts and Jobs Act.
9:55
Speaker 1: And I said this in twenty eighteen. I'm going to
9:56
Speaker 1: say this again. This is the single greatest opportunity in
10:00
Speaker 1: any of our adult lifetimes to reduce or eliminate taxes
10:05
Speaker 1: on our retirement dollars. What am I meaning? Standard deductions
10:09
Speaker 1: have doubled. So as long as you got a pulse
10:11
Speaker 1: and can fog a mire, you don't need to itemize,
10:14
Speaker 1: and the amount that you pay zero on is double.
10:17
Speaker 1: These ordinary brackets are reduced in significant ways. But here's
10:22
Speaker 1: the point that was going to go away in two years. Sure,
10:26
Speaker 1: we have to affect these things like our wroth conversions
10:29
Speaker 1: by the end of a calendar year. So here we
10:32
Speaker 1: are on November sixth, and we've got just a little
10:36
Speaker 1: over a month and a half to do this. And
10:38
Speaker 1: most of these organizations aren't going to take that trade
10:40
Speaker 1: to the very end. So you got to affect these things. Now,
10:43
Speaker 1: there's one hundred and one different ways to do it.
10:45
Speaker 1: People need math and science. I want to encourage them.
10:48
Speaker 1: The tail that wags the dog in the future is
10:50
Speaker 1: taxes because of this deficit spending. It's out of control.
10:54
Speaker 1: And if we want to protect ourselves, I'm just saying,
10:57
Speaker 1: grab a life fest right now. Make make your plans
11:00
Speaker 1: here today. This is the one area of planning tax
11:03
Speaker 1: diversification that most people have never paid attention to.
11:07
Speaker 3: Hey, so what about his concept of doing away with
11:09
Speaker 3: the income tax altogether.
11:12
Speaker 1: And going with like a flat tax or something, or a.
11:14
Speaker 3: Consumption tax or tariffs at a consumption tax. Is this
11:20
Speaker 3: is he to be able to do this?
11:23
Speaker 1: I don't know. You know, it sends to be that
11:26
Speaker 1: when you get into two moments of political races, that
11:29
Speaker 1: a lot of promises are made, a lot of ideas
11:31
Speaker 1: are brought out. The ones that have that that that
11:34
Speaker 1: catch the most, you know, you end up trying to implement.
11:38
Speaker 1: I don't know how you take and scrap a tax
11:40
Speaker 1: code and I got it. It's it's about this tick.
11:43
Speaker 1: And these books are heavy and big, yeah, and gives
11:46
Speaker 1: an attorney, you know, And you know, when you've got
11:49
Speaker 1: so many attorneys that have written all these laws, how
11:52
Speaker 1: easy is it to undo all those laws from all
11:55
Speaker 1: those legal angles. It's pretty challenging. I wouldn't think that
11:58
Speaker 1: they're going to get that done. I think that you're
12:00
Speaker 1: going to just find efficiencies. You're going to see Elon
12:02
Speaker 1: Musk come in and he's going to be, you know,
12:04
Speaker 1: the finding efficiencies in the government. I mean, for the
12:06
Speaker 1: first time we're actually conversation about that. And what an't important?
12:11
Speaker 1: Right because here he took X and he's he's running
12:14
Speaker 1: it with about a third of the staff as before,
12:18
Speaker 1: and he's doing more than X has ever done. And
12:20
Speaker 1: so you know what an awesome way of innovating, bringing
12:24
Speaker 1: AI and doing the right stuff the point here in
12:27
Speaker 1: the United States cleaner and safer. But hey, we need
12:29
Speaker 1: to get our prices down, so we're going to do
12:31
Speaker 1: it cheaper. But it's it's it's going to be a
12:34
Speaker 1: more expensive world going forward. But those who have assets
12:39
Speaker 1: right now, I think that this is a great time
12:41
Speaker 1: because you're gonna be able to capitalize in a wonderful way.
12:44
Speaker 1: Just be careful, be careful, be careful about getting just
12:49
Speaker 1: too heavy and over concentration on tech. I I just
12:52
Speaker 1: feel like that is a a flaw. And I'm looking
12:57
Speaker 1: for opportunities to be buying in on things like metal miners,
13:01
Speaker 1: and if I'm looking at metals, here today carry that
13:04
Speaker 1: is a gift. Silver right now is at a three
13:06
Speaker 1: percent discount to it's all time high of fifty dollars. Well,
13:10
Speaker 1: gold is just sitting near it's all time high eighty
13:13
Speaker 1: five to one ratio today. I mean, I'm spitting so
13:15
Speaker 1: many things that you because here's the role of information
13:19
Speaker 1: that's all coming at us, and then we need to
13:21
Speaker 1: interpret it all at once. But eighty five ounces of
13:24
Speaker 1: silver for one ounce of gold. The mining it is
13:27
Speaker 1: nine to one, and so I personally believe that silver
13:30
Speaker 1: is the most undervalued asset in the world. It's about
13:34
Speaker 1: to be revalued. It's going to go through the roof.
13:37
Speaker 1: And I have heard you say it several times. There's
13:39
Speaker 1: a monster box or five hundred ounces worth of silver
13:43
Speaker 1: inside of a tomahawk. Miss whether you're talking about war,
13:46
Speaker 1: whether you're talking about solar panels, whether you're talking about
13:49
Speaker 1: the need to make nuclear plants, or just connect you know,
13:53
Speaker 1: the chip on your phone. To make electronics work, you
13:57
Speaker 1: need silver to connect the dots. It's got to commerce
14:00
Speaker 1: rtual function that is necessary for our future. The world's
14:03
Speaker 1: going to need it. It's going to go up significantly. Yeah,
14:06
Speaker 1: no doubt, you are correct. I totally agree with you
14:10
Speaker 1: on that. Uh, but what about the broader market? I
14:14
Speaker 1: know tech you say beware of, but what other stocks
14:20
Speaker 1: are gonna benefit from the next Trump regime. Well, you know,
14:26
Speaker 1: a lot of the organizations that have overregulated and maybe
14:31
Speaker 1: have have potentially played for the other side a little
14:34
Speaker 1: bit too much in prior elections, they may not do
14:38
Speaker 1: as well with with some of the lawsuits that we've
14:41
Speaker 1: seen Europe even assigned to them based upon their conduct,
14:46
Speaker 1: and so, you know, it'd be interesting. I think that
14:48
Speaker 1: as you're as you're looking at the world of AI
14:52
Speaker 1: and you're looking at the world of big tech, some
14:54
Speaker 1: of the big players are for sure going to win.
14:56
Speaker 1: I don't think Microsoft's going anywhere. I don't think Apple's
14:59
Speaker 1: going anywhere. But you know, i'd say pay attention to
15:02
Speaker 1: people like Warren Buffett who right now are stacking their
15:05
Speaker 1: chips and they have more cash right now than ever before.
15:08
Speaker 1: I believe in buying when things go on sale, and
15:12
Speaker 1: so I believe that there's going to be crisis. I
15:15
Speaker 1: feel like yesterday kind of went too smooth, went too easy.
15:19
Speaker 1: I feel like there's probably something else coming before the
15:22
Speaker 1: January twenty five transition. Yes, I've heard little whispers of
15:27
Speaker 1: pundits on television saying, we can't allow a felon to
15:31
Speaker 1: be president on January sixth, twenty twenty five. January six
15:36
Speaker 1: has a day in our history. And you know what,
15:39
Speaker 1: there has been a serious weaponization of days and times
15:42
Speaker 1: and different things. Yeah, I know, but he spoke, and
15:46
Speaker 1: that judge who run who ran his campaign on putting
15:49
Speaker 1: this guy in jail. Yes, that's you judged a situation
15:53
Speaker 1: before you ever showed up for trial. We understand what
15:56
Speaker 1: this looks like. It's not going to be it's going
15:59
Speaker 1: to be overturned earned. Those were silly ideas.
16:02
Speaker 3: Yeah, yeah, well I just don't see really any way
16:07
Speaker 3: to stop them from going in there. It's just never
16:10
Speaker 3: going to happen. Well, the only other ride all they like,
16:14
Speaker 3: but it's never going to happen.
16:16
Speaker 1: Right. The only thing that's a factor right now that
16:20
Speaker 1: I think that we've not necessarily played in we have
16:23
Speaker 1: about ten million plus people that have recently crossed the border.
16:27
Speaker 1: These are not just newcomers news, that's right. And one
16:32
Speaker 1: in four to my understanding, are Chinese military aged men
16:37
Speaker 1: that have a completely different camp and a completely different
16:40
Speaker 1: way of getting there, and they don't want to communicate
16:42
Speaker 1: with you about what they're doing here and why where
16:44
Speaker 1: everyone else is like, we're fleeing because of inflation, no jobs, poverty,
16:48
Speaker 1: et cetera. And so we could have ourselves an infestation
16:57
Speaker 1: instead of terrorist attacks, it could be invested stuff. We
17:01
Speaker 1: could have cartels that are serious murderers and terrible people
17:05
Speaker 1: attacking police stations and terrible things. I just think back
17:08
Speaker 1: to the summer of twenty twenty. I'm just wondering when
17:12
Speaker 1: does that violent part start, because it seems like it's
17:15
Speaker 1: probably getting pretty close, especially of deportations for those who
17:21
Speaker 1: are especially not doing the right things show up all.
17:24
Speaker 3: Right, Well, there's definitely cause for concern for sure, Like
17:28
Speaker 3: nobody ever explained why they all.
17:30
Speaker 1: Wanted to be here.
17:32
Speaker 3: But we're just going to have to see what happens,
17:35
Speaker 3: what's going to happen next. But like everything else, it's
17:40
Speaker 3: danger and opportunity. David tell us, where do we find you?
17:44
Speaker 1: How do we connect with you? On the web? Yeah,
17:46
Speaker 1: So my company is called Sound Planning Group, where we're
17:49
Speaker 1: trying to help people make sound planning decisions. My SPG
17:52
Speaker 1: dot COMISPG dot com and on there we've got a
17:57
Speaker 1: number of resources and things, and Carrie, in this new
18:01
Speaker 1: year twenty five, I'm going to be coming out with
18:04
Speaker 1: what does the Tax Cuts and Jobs Act mean to
18:06
Speaker 1: you now that it's extended. I'm going to be coming
18:09
Speaker 1: out with big things that are changing right now in
18:11
Speaker 1: medicareway twenty five is the best change that we've in
18:15
Speaker 1: medicare I've been in the industry. And then we're going
18:20
Speaker 1: to be talking about how do we allocate inside of
18:22
Speaker 1: our portfolio today, how do we arrived and tame bears
18:26
Speaker 1: the seventy eight percent being were missing seventy eighty percent
18:29
Speaker 1: of the pain. So on the world's changing, and there's
18:34
Speaker 1: a lot of folks out there that just don't know
18:36
Speaker 1: where to go what to do. Yeah, so true.
18:39
Speaker 3: All right, Well, hey, appreciate as always you coming on,
18:42
Speaker 3: David sharing your knowledge with us. And link is in
18:47
Speaker 3: the show notes to this interview to David's site, And
18:51
Speaker 3: while you're there at Financial Survival Network dot com, sign
18:55
Speaker 3: up for your free newsletter like fifty thousand other FSN
19:00
Speaker 3: community members, and we will get you a good info
19:04
Speaker 3: out there like this. So David, I hope you're right.
19:08
Speaker 3: We will talk to you again soon. Thanks for stopping by.
19:11
Speaker 2: Appreciate you, Gerry, thank you thanks for listening to carry
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