Bond investors pay attention. The loud sucking noise you hear is impatient investors selling for pennies on the dollar. We may look back on today in a few years and say, “Wow, that was an obvious buying opportunity.” It’s funny (not that funny) that when investors see lower prices in their portfolio, their instinct is to sell. When they see lower prices at Cosco, they buy more. Why not bring that consumer eye to your money? I do. Because I see unique opportunities for your lazy cash. Get it into the office. No more working from home. It’s time to increase its production. Look, I … [Read more...]
Does Anyone Remember the National Debt?
You may remember a time when the biggest political battles in Washington, D.C., were over balancing the budget and paying off the national debt. But it seems like a distant memory now. For a couple of decades now, it feels like both Democrats and Republicans have given up on the idea of fiscal conservatism. The once-powerful Blue Dog caucus of the Democrat Party is merely a shadow of its former self. And the GOP has repositioned itself from the days of Sen. Bob Dole's push for a balanced budget. At The Wall Street Journal, Grover Norquist and Vance Ginn explain just how bad it's gotten for … [Read more...]
French Banker Endorses New International CBDC System
A French central banker, Denis Beau, first deputy governor at Banque de France, has touted central bank digital currencies as the "foundation of a new international monetary system." David Attlee reports for Cointelegraph: Representatives of Banque de France, the French central bank, have embraced the global perspective on the central bank digital currency (CBDC) discussion, touting it as the foundation of a new international monetary system. On Oct.3, Denis Beau, the first deputy governor at Banque de France, called the CBDC “the catalyst for improving cross-border payments by enabling … [Read more...]
“Doctor, What Are You Doing?” “Nothing,” He Said
“The weather’s been crazy up here,” he said. “The crosswinds on the landing strip are the worst I’ve ever seen.” This was part of a conversation I had with a client yesterday. He spends weeks at a time fishing the big country of Alaska. He said the winds were so bad, guys he knows crashed their bush plane and, luckily, thanks to pilot awareness, walked away from it. He said that on the last trip, the fishing was excellent. It was the first time he could recall where they were the only ones on the river. They caught enough silvers (salmon) to feed them for the rest of the trip. “But,” he … [Read more...]
Bidenflation Making It Harder to Retire
In the NY Post, E.J. Antoni explains how the inflation of the Biden era is making it harder for Americans to retire. He writes: When he [Biden] took office, the economy was growing at a $1.5 trillion annualized rate and recovering an average of a half- million jobs per month. Inflation was a mere 1.4%, lower than the Federal Reserve’s 2% target. Just 18 months later, Biden managed to run up inflation to 40-year highs, with prices rising in a single month about as fast as they increased in the entire year before he took office. Simultaneously, the economy contracted for two … [Read more...]
“Oh, This Is Prime Real Estate,” They Say
Are you hearing about the real estate debt you can buy and get ten percent on your money? I am. No, thank you. I hear it all. I’m Your Survival Guy. I get the offers, too. I don’t like risk. I’m fine collecting the interest on the full faith credits in treasuries. It’s funny (not that funny) how, not too long ago, in a zero percent world, two percent was a decent deal. Now, everyone wants more. Not me. I want my money-back guarantee. I don’t want “great deals” in my portfolio. I remember the brutal markets where it all fell down. “Oh, this is prime real estate,” they say. “It’s … [Read more...]
Investing Habits of the Fairly Wealthy: #10 Powerball
Your Survival Guy knows a lot about highly successful, fairly wealthy people because I talk to them. On the flip side, I know plenty about those who’ve won and lost a fortune. I know about the guy who can’t hold onto his money. He just spends every penny, afraid it might be gone tomorrow. And sure enough, it is. I also know all about the billionaires thanks to the real estate sections, the virtual tours of their homes, the shows on Netflix and HBO, and the books by Walter Isaacson. Plenty of drama to go around. Entertaining. Maybe not the best family life. That’s why when I say I’m … [Read more...]
Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”
Are you up to speed with Your Survival Guy? Do you check in daily at www.yoursurvivalguy.com? I’m E.J. Smith, Your Survival Guy. I created www.yoursurvivalguy.com to give Main Street Americans a boots-on-the-ground look at how to protect their most valued assets from natural and manmade disasters. My focus at www.yoursurvivalguy.com is: Retirement investing and planning Fixed income/bond strategies Your Survival Guy’s Super States Living a Liberty Retirement Constitutional Carry States and Freedom Generational wealth strategies for families Disaster prep and … [Read more...]
What Trade Policy Serves America’s National Interest Best?
In The American Conservative, Micah Meadowcroft examines the words of one of Your Survival Guy's favorite presidents, "Silent Cal" Coolidge, who is known for saying, "The business of America is business," but who actually said, "After all, the chief business of the American people is business. They are profoundly concerned with producing, buying, selling, investing and prospering in the world." Meadowcroft then gets into the current state of the debate over free trade and protectionism in America and within the Republican Party itself. He concludes: There has been much renewed discussion of … [Read more...]
“You Didn’t Eat That Again, Did You?”
As Your Survival Guy, I understand the immense pressure you’re under to “do something.” Everyone’s got a plan of what to do with your money. I know this not because you tell me what they’re telling you, but just from experience. I know, for example, when you’re asking me, “Why are we holding this position?” It’s usually the one that’s down the most. That’s human nature. But instead of looking for the exit, sometimes it’s positions selling at a deep discount that deserve additional money. I know you’re being tempted. I see the attractive teaser rates, annuities that promise a lifetime … [Read more...]
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