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