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That's why he's bricks in. These
these countries are getting together, say we

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need an alternative a dollar. These
guys are taking us to cleaners because we're

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loaning the money, and they're they're
paying us back with discounted dollars because they're

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inflating the dickens out of them.
And that's that's the insidious tax of a

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government gone awry. Yeah. And
that's a hidden tax too, isn't it.

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Yeah, because you don't really see
it. You know. It's like

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I tell people, you may put
that dollar in the bank, but the

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dollar you get backs a smaller dollars
still looks the same as it feels the

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same. It's just smaller. You're
listening to Carrie Let's his Financial Survival Network

10
00:00:33,320 --> 00:00:38,719
where you get valuable information you just
can't find anywhere else to thrive in today's

11
00:00:38,759 --> 00:00:44,439
trying times. You need the Financial
Survival Network now more than ever. Go

12
00:00:44,560 --> 00:00:50,039
to Financial Survival Network dot com and
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Survival Network now more than ever.
Welcome you are listening to the Financial survivell

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00:01:00,280 --> 00:01:03,600
Network. I'm your host, Carry
Lutz. Well, the economy it's bleak,

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it doesn't look good. Things continue
to deteriorate, and we've got the

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debt ceiling kabook game dance going on
right now. What is going to be

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a net result of all this?
Well, hey, I'd like to know

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your opinion. Tell me what you
think. Email me k l at Kerry

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Lut dot com. In the meaningtime, we've got Brad Williams. You find

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him at ask Brad Williams dot com. Brad Economy anything good to report?

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Well, yeah, I mean,
you know, inflation seems to be slow.

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In deployment still about one and a
half jobs per jobs here, in

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consumer spending positive. The problem is
is the underlying foundation and that's where we

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have the real problem. I mean, when we have a Chairman of the

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or the Secretary of the Treasury that
doesn't see inflation coming. You know that,

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you said back in twenty twenty one, it kind of makes you scratch

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your head. When you print all
the money, inflation is going to follow

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it, period and uh, and
we're seeing that. Wait wait wait,

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I thought the uh there were two
infallible people in the world, the Pope

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and the chair well the chairman of
the Federal Reserve and the Secretary of Treasury.

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That's three people that never make mistakes. You're berthing my bubble here broad

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well when I when I hear you
say, and three is probably appropriate because

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it reminds me of those monkeys that's
there, you know here evil see no

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evil speak no evil. You know. Um, but uh, you know

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we've got things are starting to damp
and wage growth is slowing and labor demand

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is slowing. So you know,
it's not the job seekers market that it

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used to be. All the you
know, it's still not bad, it's

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just you're not getting to raise you
were so um people are I think starting

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to stay at the jobs more so. We're seeing some of that. But

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like what you said, you know
about all this debt ceiling KABOOKI For a

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while back I did a and this
was even about god, this was just

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background. Seventeen, two thousand seventeen, I did a client dinner where I

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did what I call the Tale of
two budget and I said, you know,

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I preface it with your kid comes
in, he's got a problem.

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You're looking at his credit card debt
and spending every year and his income and

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all that the stuff, and you're
going over it, and you're going over

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it in real numbers that you might
see in a budget, and I said,

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would you lend this? Would you
bail's kid out? Well, no,

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I'd straightened this butt out and telling
him he needs to get a handle

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on his spending and get out of
debt. And then what I did was

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I flipped the page Gary and I
added all his years necessary to be the

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federal budget. And everybody was just
kind of shock, you know, And

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I said, so, why aren't
we lending these people money? There?

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You know, you can say spending
like a drunken sailor on a short lea.

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At least he's spending his own lend. Yeah, well that's an insult

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to all drunken sailors. Really,
he's a performative valuable functions. And if

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you had employees and all they did
was lose money for you, and all

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they did is make your company go
further and further into debt, would you

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keep those people around or would you
like fire there uses? You know,

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I think pink slips would be in
the in the very near future. The

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problem is is we have so federal
employees, not not disinfederal employees, but

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the federal government doesn't have to turn
a profit. So that's that's part of

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Our problem is accountability, and you
know, our conishman and senators as greatest

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accomplishments and getting reacted every two and
six years. That seems to be what

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they're more concerned about than anything else. So they don't want the gravy train

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to end, just like anyone else
out there, all right, right,

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Yeah, and then when you get
people responsible that are saying, hey,

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we just can't keep spending this money. I mean, when you think of

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the fact we are five trillion dollars
in two thousand national debt and now we're

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we're thirty one getting pushing thirty two
treeing. You know, that's why he's

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in these these countries you're getting together, say we need an alternative to dollars.

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These guys are taking us to cleaners
because we're loaning the money and they're

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they're paying us back with discounted dollars
because they're inflating that dickens out of them.

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And that's that's the insidious tax of
a government gone awry. Yeah.

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And that's a hidden tax too,
isn't it. Yeah, because you don't

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really see it. You know.
It's like I tell people, you may

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put that dollar in the bank,
but the dollar you get back to a

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smaller dollars, still looks the same, it feels the same, it's just

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smaller, and so you don't get
as much for it. Yeah, so

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it goes, it goes less,
right, dollars not going as far as

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it used to. We all know
that, right, right, So what

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do you do about it here because
we don't have any control over our out

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of control federal government. Well,
I think probably on a micro level,

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is really looking at your spending patterns
and what you're what you're what you're buying.

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I know a lot of people are
cutting the cave off and things like

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that. When you look at the
excretionary spending that people have today versus say,

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you know, thirty years ago or
forty years ago, there's nothing stuff

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on. They're spending money on the
stuff that we'd spend money on thirty and

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forty years ago. It becomes a
larger and larger portion of the bud So

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you got to look at that and
tighten that down. If you're getting close

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to retirements, you need to start
thinking about de risking your portfolio and looking

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more at income and looking at some
of the safer alternatives to preserve your capital.

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You know, I had one guy
coming this week and he was asking

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me, I got all this cash
in the bank, and you know,

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I'm afraid the banks that they're going
to go out. And I was just

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wondering should I take a bunch of
that cash and put it in silver just

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as a hedge? And I said, what are you planning on doing with

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that money? And he said,
well, in a year, we're going

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to use it for a house.
And I said, well, last thing

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you want to do is pay an
extremely high premium to buy a lunch of

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silver to protect it, you know, because they know what's going on with

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precious metals and the premiums you're getting
on those, if you're going to buy

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them for emergency or for the you
know, for apocalypse, then who cares

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what you pay for it? Now
you'll have it when you need it.

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But the premiums on silver, especially
now, are almos much as a coin,

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right, Okay? So silver,
gold, and uh, what else

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can we do? Well? Um, looking at investments that provide you an

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income. Um. You know,
last year texts were down here, they're

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up a lot of other stocks or
you know, you had what five or

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six stocks. It really drove sixty
percent of SMP so far this year,

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mainly tech stocks. UM. The
key is and if you're getting income from

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your investments, if you're getting a
good dividend from your portfolio, UM,

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then you can weather these storms.
If you're in it for the long term,

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if you're if you're coming out of
the accumulation stage going into the distribution

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stage of life, you know you're
you're getting ready to retire and live off

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what you work for. Then you
start you need to start changing what you

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do because is the rules that you
live by to get you where you are

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now are not the ones that are
going to get you through, all right,

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So different rules now govern a game
pretty much if you look at it

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like a football game. You know, you can go out that you're the

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coach and you go out there and
it's all sunny, and you got this

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great passing game. You got a
good passing quarterback, and you want yardage.

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You want to put points on the
board. Okay, great, Well

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the second half rules around and during
halftime show you got a downpour. You

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know your field's just totally muddy.
Well, that pass game's gone. You

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need a good running game and you
need to grind that thing out and maybe

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you're getting yardage, and that's which
in times like this, that's what you

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need to look at your portfolios.
This is not a time to go for

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big games. This is a time
for a good income and steady growth.

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So go for income knock gains.
We have both, but preface setting even

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those games on things that are going
to provide you a good didn't all right,

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So so income first and foremost,
but the dividends yields on these ox

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are not keeping up with inflation either. Well, and you're you know you're

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going to have that problem right now. And so if you've got growth mixed

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in there and you're in the rights
ox and you're you're in good companies,

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you'll weather the storm. Now again, if you're right at retirement, you

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may look at at other alternatives.
And you know, the noodies are gaining

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in great popularity now and for good
for reason. They're not for everybody and

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they're not the end at all solution
for everything, but a lot of what's

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said about them and the media is
incorrect, and so looking at that might

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be a solution for you, and
just looking at things not being all in

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one basket. Now, if you're
forty years old, This is a buying

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00:09:52,039 --> 00:09:56,200
an opportunity when the market's going down, well to buy more because you're buying

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things into a discount, you're not
gonna need it for a while. What

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I'm speaking at about in as those
people that are you know, say fifty

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00:10:01,600 --> 00:10:07,559
five that need to start transitioning out
of their risk based investments, right,

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00:10:07,919 --> 00:10:11,600
all right, So it all depends
upon your your your point in life that

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you are, you're the accumulation stage
still or at the point where you're going

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00:10:16,639 --> 00:10:22,919
to have to start stop accumulating and
start spending your savings. Right, That's

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00:10:22,960 --> 00:10:26,320
exactly right, because you you know, you want you want to try to

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eat the egg and not the chicken. Yeah, that's not always possible though,

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especially with the way returns have been. I think the public at large

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and many of you out there are
where it got used to got spoiled by

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00:10:41,960 --> 00:10:48,360
these excessive rate of return that the
stock market got past fourteen years. And

155
00:10:48,480 --> 00:10:52,600
now reality is starting to dawn on
you, exactly. And if you look

156
00:10:52,639 --> 00:10:58,120
at like you said, that's a
that's a great, a great comment you

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00:10:58,159 --> 00:11:01,879
made about the last fourteen years.
If you look at the market from two

158
00:11:01,919 --> 00:11:05,559
thousand and thirteen, because from two
thousand and two thousand and three, it

159
00:11:05,679 --> 00:11:09,639
dropped fifty percent, raised back up
to two thousand and seven, two thousand

160
00:11:09,679 --> 00:11:13,840
and seven and nine drop sixty percent, an inbow thousand and thirteen or so,

161
00:11:15,279 --> 00:11:16,799
it was back to where it was
in two thousand. A lot of

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00:11:16,840 --> 00:11:20,480
people are looking at these returns over
the last fourteen years from the bottom of

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00:11:20,480 --> 00:11:24,519
two thousand and nine. Well,
if you were in the market prior to

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00:11:24,600 --> 00:11:26,960
that, you got to look at
it from two thousand and thirty eight,

165
00:11:26,200 --> 00:11:30,679
and the returns aren't as stellar.
They were good, but they weren't as

166
00:11:30,679 --> 00:11:35,679
stellar as you know, as a
as you look at from two thousand and

167
00:11:35,720 --> 00:11:37,440
nine. You know the old saying, I mean, you got to look

168
00:11:37,440 --> 00:11:39,799
at the numbers. Don't lie,
but you got to make sure you're looking

169
00:11:39,840 --> 00:11:43,840
at the right numbers. What is
there? There's lies, There's damn lies

170
00:11:43,879 --> 00:11:50,279
in their statistics. Yeah, yeah, I think Churchill said that. Yeah,

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00:11:48,159 --> 00:11:54,440
I think, and that's true now
more than ever. So when we

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00:11:54,519 --> 00:11:58,559
have this conversation in a year,
Brad, where do you think things are

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gonna be at that point? I
think that really is going to depend on

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00:12:03,840 --> 00:12:09,320
things like Ukraine, things like Taiwan, because being overly aggressive, right,

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00:12:09,360 --> 00:12:13,720
now we've got some Joe political issues
we haven't really faced a long time.

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00:12:13,919 --> 00:12:22,799
We're in one of those generational times
where things can go pretty wildly in different

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00:12:22,799 --> 00:12:26,679
directions, and so I think people
need to play their cards close to their

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00:12:26,720 --> 00:12:30,159
vas and pay attention. Okay,
I think we will leave it at that.

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Appreciate it. So we find you
at ask Brad dot com. Ask

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00:12:33,320 --> 00:12:37,639
Brett Williams dot com. Do I
have that right? That's right? If

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00:12:37,639 --> 00:12:41,279
you got a financial question, just
ask Brad Williams all right, and the

182
00:12:41,360 --> 00:12:45,240
link is in the show notes this
interview on Financial Survival Network dot com.

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00:12:45,279 --> 00:12:48,080
If you've got a question for Brad
myself heyl at carey lets dot com.

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00:12:48,080 --> 00:12:52,080
Make sure when you're at the site
you sign up for a free newsletter.

185
00:12:52,240 --> 00:12:54,279
Brat always a pleasure. We'll talk
to you again soon. Thank you,

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00:12:54,360 --> 00:13:00,960
Carryalls Pleasure beyond. Thanks for listening
to carry Let's Financial Survival Network, your

187
00:13:01,080 --> 00:13:05,799
solution to today's trying times. For
the latest, go to Financial Survival Network

188
00:13:05,840 --> 00:13:11,279
dot com. Financial Survival Network now
more than ever