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Speaker 1: We almost have to consider this as a sugar high.

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Speaker 2: We are.

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Speaker 1: We are on a sugar high, and the Fed just

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gave us another pixie stick. It's kind of concerning if

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you ask me, I've got two young boys on my own,

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and anytime they ask for sugar, I know that there's

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going to be this high activity period of time and

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then the crash comes. And my fear is when does

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the crash come? And how bad of a crash.

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Speaker 3: You're listening to Carrie Lutz's Financial Survival Network, where you

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get valuable information you just can't find anywhere else to

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thrive in today's trying times. You need the Financial Survival

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Network now more than ever. Go to Financial Survivalnetwork dot

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com and get your free newsletter and gift. Financial Survival

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Network now more than ever.

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Speaker 2: You are listening to and watching the Financial Survival Network.

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I'm your host, Carry Letz. Hey, so we got our

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fifty point basis cut. Most of the so called experts

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were expecting twenty five basis points. So far, the markets

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are reacting favorably. You wonder if they're reacting to the

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election or to the center, to both. But we got

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a guest here who's going to explain it all to you,

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and well, hey, what can you say? Dalla Smothers is

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with us now, President founder of RDS well Dale. It's

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great to have you on the show. We first time guessed.

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So yes, hey, how bad is the economy? B? Does

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fifty basis points make any difference? And C does the

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election matter at this point?

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Speaker 1: Sure? So let's take it in order. Then let's go A.

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How bad is the economy? You know, cutting straight to

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the chase. I think a fifty basis point cut at

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this point in the game is is a telltale sign

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that they see something that's not in the publicly disclosed numbers.

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You know, when you look at the jobless claims that

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just came out this morning and you see that our

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jobless claims aren't actually as bad as what you would expect.

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After a fifty basis points cut, you've got to wonder

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what the world are they seeing? You know, not to

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say that they're wrong, it's just what are they seeing

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that would that would negate this type of jobless claim

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that we're seeing. I mean that the jobless claim is

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trending in the right direction, and we still come out

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with a fifty basis point cut for b on the

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fifty basis point cut? Does it really affect the market?

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You know, I think that the market's going to react

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favorably to this, as you already see happening today. My

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problem that I have with this is that we almost

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have to consider this as a sugar high.

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Speaker 2: We are.

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Speaker 1: We are on a sugar high, and the Fed just

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gave us another pixie stick. It's kind of concerned if

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you ask me. I've got two young boys on my own,

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and anytime they ask for sugar, I know that there's

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going to be this high activity period of time and

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then the crash comes. And my view is when does

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the crash come and how bad of a crash is it?

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And then for se does the election matter? I think

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the election certainly has consequences, as every election does. We've

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got the potential for a long term capital gain or

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short term capital gain being taxed even without realizing it.

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That could impact a ton of investors and in my opinion,

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could make a lot of money flow out of the

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capital markets that we currently see. A lot of policy

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that is on the table right now is going to

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impact the market, and we can unpack that as you

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wish or in my opinion. I think again, either of

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the sides that are going to be running are going

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to be giving us more pixie sticks along the way.

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So we're talking to our clients right now, Harry in

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a and a notion of Hey, in the next ten

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to fifteen years, we just got to make sure that

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we're weathering this storm no matter what it becomes or

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how bad it becomes. We've got to have assets in

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places that perform in good markets and in bad.

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Speaker 2: Yeah. So we talk in precious metals, we talk in cryptos,

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and talking consumer stocks.

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Speaker 1: And I love that you pitch that I like the

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consumer stocks. I like those tried and true method stocks

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that have been around for a long time and paying

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very good dividends. And I'm a big fan right now

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of stocks that have been hit pretty big, like say

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a dollar general recessionary style stock that you know, if

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the markets are bad or there is a recession, it's

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a really good place to buy some things for a

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lot of the Americans that are suffering the most. And

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it was if I'm not mistaken, I think it's down.

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I didn't prepare for this part, but I think it's

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down sixty plus percent from its highs and there's really

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no reason for it to be. Dollars is a good

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place if you're in this area of the country. They're

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popping up everywhere you turn. There seems to be a

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dollar General being built, and you know, I think something

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like that would be a good place. So consumers are

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definitely consumer. Consumer sector is a great place to invest.

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I like precious metals. I've not yet gotten on the

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vandwagon of buying a bunch of gold, but having gold

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is a great hedge. We also talk about diversification of

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types of products that investors invest in, and there are

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ways to safeguard against downturn markets with some insurance based products.

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I also like options on some of these stocks that

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we believe to be good for long term trading, perhaps

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maybe generating some income from covered calls, those types of

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things that we don't have to be as dependent upon

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the market movement itself if we're getting the income we desire.

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Speaker 2: Okay, anything any feelings about bitcoin?

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Speaker 1: Yeah, so I know that you're a big fan of bitcoin.

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I'll be honest. The way we talk to our client

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it's about bitcoin is I think it's a great place

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to put some money that you're okay, letting dance around.

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I don't feel yet that we have a lot of

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adoption of bitcoin, like we need to see if I'm

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not mistaken. I caught on the news the other day

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it was Donald Trump that was at a bar and

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bought his first a bar in New York City. It's amazing,

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and you know, type that type of momentum is only

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going to make bitcoin or crypto currency more and more

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in favor. I'm not yet ready to say that bitcoin

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is something we shouldn't pay attention to by any means.

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I think that we've woken up now that crypto is

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potentially a currency of the future. But I'm still in

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the camp of crypto is a asset class, not so

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much a currency. So if you want to trade crypto

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to make some money with capital gains, certainly that that's

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somewhere you could put some money to say, it's a

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hedge against the oncoming storm that I see happening, or

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the the sugar crash. Going back to my analogy, I'm

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just not there yet, and the reason probably carries the

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clients we deal with. We don't want a lot of

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volatility in their positions. If we're taking income throughout their

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retirement years.

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Speaker 2: But it is a non correlated asset and right now

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as we're talking, it's right around sixty four thousand. Yeah, bang,

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I buy a little bit every week. Honestly, what oh buy?

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Because average up, average down, and actually, you know, yeah.

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Speaker 1: Dollar cost averaging into an asset like that is a

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perfect way to average out your cost if you are

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interested in bitcoin and to carry I know you are

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a fan of it. I watched the show. I know

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that this is something that you enjoy even discussing. It's

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just more or less coming from my perspective. With retirees,

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our goal is to minimize the volatility, and something like bitcoin,

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perhaps in the ETF four fits the bill for that,

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but directly buying a bitcoin on a coin exchange is

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not something that we've gotten into at this point.

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Speaker 2: Yeah, well you got your twenty something ETFs that all

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have bitcoin now, sure, so that makes it a little

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bit more investible for you, doesn't it.

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Speaker 1: And it's exactly right, And to my point, that becomes

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a momentum shifter where now things are beginning to be

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more in favor of bitcoin being adopted as an actual currency.

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And this is this is all good for those bitcoin investors,

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my guess.

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Speaker 2: Is you know, seventy five thousand has been a resistance

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point for bitcoin. If I look at the chart, I

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think it was seventy three thousand it hit. I'm not mistaken,

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Peace can't remember now, oh man senior moment here you're okay, yeah,

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well that's for today. So we look at the one

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year because it was just recent league and seventy one thousand,

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four hundred and ninety one dollars that was the peak,

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and hey, looking at it now, sixty three thousand, it's

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been trading in a sideways channel with not lower lows,

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but lower highs for sure. So it's been in a

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kind of a bull pendant, a bear pendant, I guess.

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But but you know, I got to see it break

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out at sixty nine thousand. That's my breakout point. Then

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it's going to make new highs.

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Speaker 1: And you know that is that is trading one oh one.

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If it hits through that resistance, we are likely to

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see that one hundred thousand dollars number that's been prophesied

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for the last four or five or even six years.

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I remember I remember bitcoin coming onto the scene and

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being able to snatch it up at a very low price,

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and I passed on it, and you know, down a

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little bit more inclined to say, Okay, this is something

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that we might want to buy at the next dip,

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but again at the moment, not something we're purchasing for

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clients just yet.

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Speaker 2: It's pretty easy to purchase and the hey I'm up nicely.

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I mean, you know, bitcoin over the past year, it's

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up thirty six thousand, five hundred dollars, so it was

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at twenty seven and change. So that's a nice little

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return there. So you have to curious, how do you how.

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Speaker 1: Do you purchase bitcoin yourself or is that something that

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you go to the exchanged direct I.

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Speaker 2: Do it at the exchange, even though honestly it's cheaper

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to do it in ETF at this point. Sure, but

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I just kind of like having the wallet there.

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Speaker 1: So all right, and I am curious too to this point,

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we'll pull up here for just another second. Do you

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see any divergence from ETF pricing and the actual bitcoin,

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the underlying bitcoin in itself.

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Speaker 2: Not yet, not major divergences, but I think that's in

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the offing. And that'll because they're you know, san bankman

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Free showed you can arbitrage crypto. Yeah, He's the first

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one and really made it popular. So you know, the

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divergences will not be big enough for individual traders to

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be able to take advantage of it. You really need

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a trading bought system to do that. You can't. You know,

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they're so quick now because there are hundreds of different

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traders and crypto looking for that little little divergence between

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the ETF so they can sell one and buy the other,

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right arbitrage? Yeah, but you know too much for me.

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I'm just a hobby trader. Yeah, but you know it's

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making money, then it's a good hobby, right, Why not? Yeah?

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Speaker 1: You so you would be considered more of the long term.

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Do you do do a lot of trading in and out?

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Are you long term?

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Speaker 2: I was swing trading it, but then when I saw

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it broke certain points that it was setting higher, I

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just held on for the ride. But you know it's

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at sixty three thousand today, Dale, it could be at

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fifty three thousand tonight. I know this is true, and

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it wouldn't surprise me because now that there's ETFs and

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there's options and futures, it's so easy to manipulate, and

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there's no law against manipulating cryptocurrency, so everybody loves.

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Speaker 1: It right, right, So just like you part of the appeal.

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Speaker 2: It's just like you can't be charged for manipulating commodities,

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you can't be charged for manipula manipulating cryptos, but you

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can be charged for manipulating options on stocks, right. Does

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that make any sense? Well, you know the rules we

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work with.

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Speaker 1: I guess is the big appeal, in my opinion, is

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the it's the wild wild West, the idea that there

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is no real regulation against the bitcoin marketing. But the

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more and more it becomes a asset that's traded, I

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think we see regulations start to creep in.

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Speaker 2: Oh they have it, dude, Yeah, and then they got

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to because but the other thing is that it's international, transnational.

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There's no borders, there's no nothing, and the central banks

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out of the picture. The exchanges are really in your imagination,

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they don't really exist. Sure, I mean they're there, they're

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just a website. So I'm not sure about it. But

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looking ahead here, when we have this conversation in a year, dale,

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what's going to be the economic landscape here? Man? Assuming

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that political situation is neutral at best.

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Speaker 1: Sure, yeah, so I think that any uncertainty for the

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market is a bad thing. And so you know, just

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the fact that we get the election behind us, I

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think it's going to give us a little bit of

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a trend in the right direction for the market. Again,

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my fear is that we are on the sugar high

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and that when we start to see the reason why

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rates are being cut, we could see inflation re emerge.

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Re emerging of re immersion of the inflation is going

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to certainly be a halting factor for the market, especially

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if the Fed has to react again to inflation. In

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the hills of Kentucky and you know, the Appalachian Mountain

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region here in Tennessee where I serve, we have wildfires

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from time to time that spark just out of nowhere,

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just a little bit of spark ignites a massive wildfire.

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And you know one recently just almost burned down a

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city that is that is widely known, Gatlinburg, Tennessee. Oh sure,

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And in my opinion, I think what we see is

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inflation was raging and all of a sudden, our firefighters

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have put it out to say, ninety percent completely done smoldering.

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But it's smoldering, You're exactly right, and it's still smoldering,

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and all of our firefighters are headed home. And now

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they the FED has decided that they are on the

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other end of their dual mandate to worry about unemployment,

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and unemployment doesn't seem to be a major factor right

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this minute, so I'm curious what's going on in their head.

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And then we've got a potential strike with the port workers,

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and if that takes place, that could put a major

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strain on supply, and ultimately it's an economics problem from there.

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I don't care if you're a Knesian or a Freedman.

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You have to understand that less supply, more money equals inflation,

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and if inflation becomes another factor, we could see the

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market begin to melt down in the face of potentially

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higher interest rates.

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Speaker 2: Once again, all right, We're gonna leave it at that,

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uh Dale, Just tell us how we connect with you?

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Where we find you on the web? Yes, sir, so again.

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Speaker 1: You can go to our website Rdswealth dot com RDS

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wealth dot Com. Log in there get in touch with

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our team. You could call our office two seven zero

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six hundred plan two seven zero six zero zero seven

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00:16:22,279 --> 00:16:24,879
five two six if you'd like to sign up for

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our newsletter. Jump to our website again rdswealth dot com

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and push subscribe at the top right for our newsletter.

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Speaker 2: All right, Hey, appreciate you coming on, Yes, sir, and

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if you've got a question for Dale or myself, shoot

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me an email kl at Terry Leeds dot com. You'll

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find the link to dale site in the show. That's

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this interview on Financial Survival Network dot com. While you there,

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please join the thirty five thousand other people who have

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signed up in our subscribers to our newsletter. And Dell,

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we appreciate you coming. Sugar highs are okay, but then

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they're followed by crashes and your blood and then you're

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like half passed out, you need a nap, and then

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you're thinking, hey, maybe this wasn't worth it. I think

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that's where we're going to be as well. We'll talk

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to you again soon. Dale, thanks so much.

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Speaker 1: Asah, thank you Ker.

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Speaker 3: Thanks for listening to carry lets this Financial Survival Network

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your solution to today's trying times. For the latest, go

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to Financial Survivalnetwork dot com. Financial Survival Network now more

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than ever