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Welcome you are listening to and watching
the Financial Survival Network. I'm your

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host, Carrie Letts. Well,
good news yesterday, good news today.

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US wholesale prices sank half a percent
in March. Is it time to break

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out the champagne? Inflation has been
whipped? That reminds me of those buttons

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that President Gerald Ford wore and I'm
still trying to obtain them wind buttons,

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which stood for whip inflation. Now, so the Fed has almost got inflation

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whipped? And will they keep raising? Can you believe the numbers? CPI

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dropped more than expected to five percent? But I seem to remember that inflation

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was supposed to be transitory. And
hey, can you ever believe the Fed?

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They've missed every major event, or
most of them, certainly for the

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past decade. They missed the real
estate collapse, and look if you're skeptical

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about their ability to control events and
the economy ahead, you have certainly have

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every reason to be. But Matthew
Johnson is with us. Now, Matthew,

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you have a certain take here.
You think the FED is succeeding.

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Well, thanks for having me on, Carrie. It's good to be on

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again. You know the numbers.
I don't think lie now. I think

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that there is definitely various different ways
that we can read the CPI. We

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know the CPI is actually broken into
three different parts. They look at CPI,

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they look at core CPI, and
then they look at what they call

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supercore. And the reality is is
that things are indeed coming down. I

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think the thing that gives most of
us as investors in just as healand beings

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in general, a lot of heartburn
is the fact that not all these things

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are coming down. In Unison,
right, we still see that there's a

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lot of inflation in our everyday life. But you're right, there is some

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good news. We see that the
CPI is dropped from six to five,

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a little bit better than expected.
We're seeing that the PPI today comes out

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and it's down by half a percent. That's good news. We see the

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morning straits have dropped just a little
bit. So we look at all the

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various different factors, we look at
all the various different pieces of data that

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we have access to as Americans,
and we see that things are progressing.

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But I think you bring up a
good point. You know, in January

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of the stock market, really it
pulled the trigger too early. They were

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thinking, oh, this is going
to be a rate cut, right,

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and all of a sudden they didn't
get what they want. And the appreciation

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that we saw in the market in
January, we've given up quite a bit

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of that. In February, we've
given up some of that in March,

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and unhus what we're going to see
in the future months, but I believe

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the Fed is going to have to
raise interest rates. The thing that we

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leaned, or that we've gleaned from
the notes from the minutes of the Federal

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Reserve that just came out yesterday was
that there was quite a few of them

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that actually were vying for a fifty
basis point increase last month, and because

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the banking scare and the banking crisis
that was going on at the time,

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they decided to relent and do twenty
five basis points. Well, if they're

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going to stay really stalwart, Carrie, I think getting this inflation number down

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to two percent, which I think
is very audacious in and of itself,

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they're going to have to stick to
their guns. They're going to have to

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do another rate increase in May.
I do believe that it's going to be

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likely that they do a kind of
a pause and see. But it was

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also very evident for reading the Minute
notes that they also are leaving the door

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open for another rate increase in two
and twenty three, even after the month

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of May. So we have to
be very careful to understand that these things

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are going to be kind of a
work in progress, and we don't exactly

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know, as Dirrection it's going to
go. Well, if we look at

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the canary in the coal mine or
the canary in the gold mine, we

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see today as we're speaking on April
thirteenth, Thursday, the gold is up

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another twenty five dollars the ounce to
two forty, a hair's breadth from its

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prior high, which don't hold me
to it, I believe was two thousand

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and sixty nine. And even silver, which has been a perennial precious metal

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under reformer, not just a precious
metal, is approaching twenty six bucks.

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So the ultimate haven people are,
obviously, and I think this is a

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global phenomena, have rediscovered the attraction
of gold. You look at a bitcoin,

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it's back over thirty thousand dollars,
another an area in the gold mine.

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You think that the BED is really
capable of controlling this because look,

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we've got deficits, trillion multi trillion
dollar deficits as far as the eye can

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see. That means by its very
nature, they're going to be printing up

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money like it's going out of style, more and more treasury debt issued.

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Do you think they really have the
ability to control inflation without blowing up the

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whole system? We already saw regional
banks are a disaster area. Money is

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bank runs blowing out of there into
the money center bank in search of safety.

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You really think the FED has all
this power and the ability even if

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they do have the power to achieve
these goals, Well, I think you're

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asking a really good question, but
I think it kind of boils down to

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this. The FEDS are going to
realize that they don't have the control to

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be able to control everything. They
don't have the ability of controlling human emotion,

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human reaction, and there's way more
of us than there is of them.

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So if there's a run on the
bank, if there's a run on

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the market, you know, they
only are limited in what they can do.

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However, with that being said,
I do believe that they're going to

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exert doing what they feel that they
can do to be able to bring us

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to somewhat of a or rational economy
with inflation. That's going to be within

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reason. But I think that there's
another thing that we may be wanting to

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think about. You know, back
in the two thousand and eight crisis,

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they you mentioned earlier. You remember
the name Ben Burnanky, right, Ben

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Burninky did something that was kind of
interesting from a strategic standpoint. There was

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huge infusions of money that were going
into the banks, and there was around

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six trillion dollars that they ended up
giving to the banks. But then they

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convinced the banks to keep that money
with them. Now here's the thing,

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they quote unquote sterilize those six trillion
dollars. But those six trillion dollars are

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now costing our federal government around two
hundred and seventy five million, excuse me

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billion dollars per year. That's more
than all of the veteran benefits in the

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United States today in a year.
So the question becomes can they keep a

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lid on this? Because here's the
deal. If they stop paying interest on

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those dollars, then those dollars fled
back into the economy and that creates a

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multiple domino effect. You want to
talk about inflation, you haven't even seen

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inflation yet compared to what it could
be if something like that happened. So

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are they in control? No?
Are they trying to give the personification that

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they are in control. Absolutely?
Do they want to try to keep the

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average American fairly calm and reasonable?
Yes. Are they doing what they're doing

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because of good intention to try to
bring the inflation down? I think that

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they are. The problem is is
that we have so many things that you

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and I consume every single day that
doesn't seem to correlate with what we're hearing

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on the news. You know,
when we go to buy dog food and

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we're paying twenty one percent more today
for dog food than we were a year

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ago, it still kind of sticks
in our crawl. Right when we're buying

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our medicine, we're buying our eggs. Just Kim mccross, the client who's

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got a great friend that lives in
Alaska, and that friend was telling his

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friend, he said, do you
realize that I have to pay over twenty

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dollars for a dozen eggs in Alaska? We're talking. There's not a lot

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of correlation between what we're seeing from
the numbers that the government's giving us the

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news is reporting to us, compared
to a howl of feeling. But I

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think that there's another facet here.
I know that diversification is such an important

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thing. You talk about precious metals. It could be a safe haven,

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and I believe that it is.
But have we looked and really paid attention

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to what stage of life we are
in When I discuss precious metal investing with

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my clients, carry it is certainly
something that we can use as a diversification.

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I think we should. Is it
perfect? It isn't perfect. There

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is no perfect tool, doesn't have
limitations. Is it practical? All of

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these various things, And I think
people tend to, especially investors, they

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begin to look at the book ends
of the investment world and we fail to

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see some of the other opportunities that
we and use as tools on our toolbox,

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along with the precious medals, along
with the CDs, along with the

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other various different things that people invest
in. Then that's fixed income. And

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when you think about fixed income investing, I don't know about you, but

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there's many more corporations that I would
choose to trust over the United States government.

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When you think about the bank and
you think about how very little if

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there was a toll banking crisis,
just a complete meltdown, how very little

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the FDIC would matter. You know, how very limited and resource they are,

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that they would be able to come
in and take care of everyone who

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has their name on an account and
give them a quarter million dollars of protection.

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I think that this is where diversification
comes into play. And if we

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can make certain that our working capital
is as safe as we possibly can make

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it, and we can make certain
that our working capital is actually producing something

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for us in the way of interest, in the way of dividends, and

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we can have various buckets of money
doing various different things. This is what's

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going to give us the greatest chance
of success, regardless of whether things get

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worse or whether things get better.
Now I'm wholping for better. But what

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I hope for and what becomes reality, as we all know, can be

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two totally different things. What was
that old saying that your mother used to

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say, if wishes were I can't
remember it now, but I get you

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so multifaceted approach. If I interpret
what you're saying correctly, maybe you should

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have some gold and silver, maybe
you should have some currency, and maybe

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stocks will do better than having your
money in the bank. But when you

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talk about companies you trust more than
the US government, I assume we weren't

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This is the financial survival network.
The information you need to throw now

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more than member not at all.
So I want to get back to this

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just to be clear. When we
think about the world of investing. Obviously

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we've got equities, Okay, if
you're in a position, whether you're on

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the accumulation stage of your life Carrie
as an investor who's got many more years

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before they retire, versus the person
who is maybe a year away from retirement

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or maybe they're in retirement. If
you're going to be looking at equities,

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you can't forget to pay attention to
free cash flowing companies that are going to

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pay you a dividend. That dividend
is your reward for being the shareholder,

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right. But we have to not
just look at the equity side. We

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have to look at things like individual
bonds. For many investors, they have

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grown so accustomed because of the laziness
of the financial services industry that the only

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bonds are fixed income that they know
is simply bond funds. Okay, they

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may have their place, but bond
funds are next to worthless compared to an

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individual bond. When you own a
bond to individually, you own a contract.

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You are sitting in a position where
you can rest easier, you can

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sleep better at night because you know
that that bond is going to be paying

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you a contractual stream of interest income
every year. You realize that if you

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hold that bond to maturity, when
that bond matures, you're going to get

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your part value back. Even preferred
stocks, which rank higher than common stock,

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can bring consistency and steadiness to a
person's portfolio. And when we have

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dividends, we don't have to be
as concerned. It's not that we're not

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concerned, but we don't have to
be as concerned with the underlying value of

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our asset because we know that we
have that income that we can spend if

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we need it, and if we
have got more income than we need,

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we simply reinvest it back in more
income, produce and things. Okay,

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so what all right, So a
diversified approach here, But you gotta believe

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that this situation here is really,
really kind of dire here. The regional

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banks, they make most of the
real estate loans that we know of here,

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other than the big ones that the
money center banks make. We've got

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commercial real estate really lowing up all
over the place, and at some point

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the ability of the government to bail
everybody out and the FED it's going to

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be challenged, isn't it. Well
one hundred percent, I agree one hundred

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percent with that assessment, and I
think it's going to become even more public.

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You know, we're coming into earning
season, and that means that there's

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going to be a number of banks
that are having to come out with their

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numbers, and assuming that they're not
fudging the numbers, I think that there's

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going to be some pretty pretty big
ugliness that's that's coming out, showing just

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how desperate of a situation it is
for many of them. With this,

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we have to maintain understanding. This
is the reason why you don't put all

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your eggs in one basket. You
know, who could fault the average American

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today? If they're sitting in a
bank that's maybe smaller, they're paying them

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a smaller rate of interest, and
they see the bank across the street and

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is paying them, you know,
two three tenths better interest. We know

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that money is flowing out of banks. We know that even if you look

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at a various asset class called the
annuity, you know, fixed interests.

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Annuities today are producing five five a
quarter, even as much as five and

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a half percent on a guaranteed basis. And people understand that if I invest

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in a CD today and maybe I'm
getting four and a half percent in one

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year, assuming that the feverer Reserve
follows through with their word and then begin

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to taper interest rates in one year, that CD is not going to be

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renewing at four and a half percent. It's going to be renewing maybe at

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two and so people are looking for
viable alternatives. And the good news is

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that with this interest rate increase,
it's giving people an opportunity, I think,

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to better diversify. Think about it. The reason that we saw the

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market blow up the way they did
in two twenty one after twenty twenty was

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because we had this abundance of liquidity, We had cheap interest rates. And

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when people are looking at their fixed
interest accounts and they're saying, gosh,

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I'm not making anything there, I'm
losing to inflation. Low interest rates drives

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people further out onto the risk curve. It drives people into the market because

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they get the sensation that that's the
only place that you can make money.

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But you and I both know that
there is many other alternatives that are safer

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havens, many other alternatives that we
could put our money to help us be

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better diversified, to be able to
help us create real income that we can

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spend just some number on the statement, And that's what we really need to

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be focused on. There's many things
in this world we cannot control. There's

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many institutions that I would not trust. But my money is my responsibility.

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And this is the reason why we
have to listen to all various data coming

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into us and then make logical decisions
that are comfortable to us. Right,

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gotcha? And all right, So
we live in an uncertain world. We

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know that, and you know things
are happening, trends. You can't not

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be aware of it. What do
you think the role of AI is going

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to be in the whole next emerging
financial crisis, the next one that comes.

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Is it going to cause it?
Is it going to be the solution?

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What are your thoughts? Well,
It's funny that you ask that,

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because I've had a number of different
interviews and conversations with different individuals, and

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you know, the latest worry for
so many people has been that, only

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goodness, the government's going to be
going to digital currency, all right,

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So I personally believe Kerry that we're
going to eventually become a cash lest society.

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I don't know exactly when that's going
to happen, but I believe that

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it's going to happen, right,
Yeah, exactly. Getting there myself,

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you have to pay for a lot
of things in cash, and now the

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only thing I pay in cash or
basically is the maid. That's right,

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she'll probably be on Zell shortly likely, so, but I think we would

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be. I think that this is
kind of the same argument that my dad

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had twenty five years ago, and
he said, oh, you know the

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Internet, that thing is just a
fad. Okay, Well no, it's

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it's not a fad, dad,
It's it's going to be a very real

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thing. And we know that artificial
intelligence is becoming more and more part of

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our life. We know that so
many companies, so many businesses, are

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implementing it, and in many respects, I want to believe that in in

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the majority the scheme of things,
it's going to be benefiting our life.

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It's going to allow greater efficiency,
it's going to allow more accuracy. But

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you know what, there's always that
possibility carry that we could see some really

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bad implications as a result of its
misuse or the lack of following through and

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making certain word thinking through all of
the various different ways that it could be

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a detriment to society. And we
see an awful large emphasis in today's society

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that I think is, you know, they're awoke society that believes that,

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you know, the nation owes them
a living, and there's you don't have

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to work for a living, you
don't have to learn tangible skills, and

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that you can do everything that you
want to do behind our computer screen,

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behind a keyboard, and in many
respects, I think that this is where

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a lot of motivation is coming from. The world is becoming more technical,

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but we can't forget the human element
to this, and so I hope for

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the best, but I don't know
what it's going to become. All right,

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we agree there, Well, Matthew, appreciate your coming on again and

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sharing this with us. Where is
the best place to find you these days?

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00:21:18,000 --> 00:21:22,960
Or can certainly go to my website. They can go to Johnson Wim

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dot com, which is your website. They can also go to my YouTube

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channel which is the Capitalized Life Channel, and they can watch our my weekly

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videos there. If they go to
the website, they can hear my Saturday

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morning radio show that I produce each
Saturday. And the website is just full

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of all sorts of information to help
educate the average investor and retiring on what

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they can do to make more conservative, suitable decisions for their money and be

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safer and enjoy the retirement that they
deserve, a retirement that is full of

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income instead of anxiety and stress.
All right, well, we appreciate you

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coming on. If you've got a
question from Matthew, shoot us an email

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00:22:03,920 --> 00:22:07,920
kl at kryltz dot com. Make
sure you go over to the site subscribe

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00:22:07,960 --> 00:22:12,720
to you free newsletter Financial Survival Network
dot com. Matthew, We'll talk to

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00:22:12,759 --> 00:22:18,200
you again soon. Appreciate you stopping
by. Thanks Carry, thanks for listening

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00:22:18,319 --> 00:22:23,480
to Carrie Letz's Financial Survival Network,
your solution to today's trying times. For

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00:22:23,599 --> 00:22:30,759
the latest, go to Financial Survival
Network dot Com Financial Survival Network now more than ever