Schiff Sovereign Podcast
152 episodes - English - Latest episode: about 1 year ago - ★★★★★ - 190 ratingsJames Hickman is a West Point graduate and former intelligence officer who has had an extensive business and investment career spanning more than 25 years. James has traveled to 120+ countries on all 7 continents, and he has started, invested in, and acquired businesses all over the world, in sectors ranging from technology to agriculture to banking. Since he originally began writing under the pen name “Simon Black” back in 2007, James has accurately predicted many of the major trends and events of our time, including the West’s enormous debt bubble, inflation, bank failures, social unrest, and more. Read more at www.schiffsovereign.com
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Episodes
Why a desperate America may soon annex its 51st state
March 31, 2023 15:50 - 59 minutes - 52.4 MBAt the center of Sovereign Man’s core ethos is the indisputable view that the United States is in decline. I take absolutely zero pleasure in writing that statement. But it’s incredibly difficult, if not impossible, to objectively appraise the bountiful evidence at hand and not reach the same conclusion. Consider the following: US government finances are appallingly bad. The national debt exceeds 100% of GDP, annual deficits run into the trillions of dollars with no end in sight, and major tr...
What else are the “Experts” ignoring?
March 24, 2023 14:53 - 54 minutes - 44.8 MBIn 1898, a Polish author named Jan Bloch published a 3,000+ page volume on modern warfare entitled Future War and its Economic Consequences. Bloch had studied military technology and saw the rapid pace with which destructive new weapons and munitions were being developed. And he came to the conclusion that the next war would be absolutely devastating. Bloch predicted, in fact, that the days of classical warfare-- cavalry charges and large troop movements on an open battlefield-- were over. ...
Silicon Valley Bank’s collapse proves the US is in obvious decline
March 17, 2023 14:04 - 57 minutes - 49.2 MBThroughout history, whenever there has been a major shift in the world, it has usually been accompanied by a single iconic event that is associated with that change. For example, historians often point to 476 AD as the year that the Western Roman Empire fell, when Odoacer and his barbarians forced the abdication of the Emperor Romulus Augustus— even though it was obvious that Rome was in decline way before 476. People also often associate the start of the Great Depression with the stock mar...
Yikes. The Fed has still learned nothing about inflation
March 10, 2023 15:09 - 43 minutes - 35.9 MBLast June, during the European Central Bank forum, the host asked the chairman of the Federal Reserve about inflation. The Fed Chairman responded, “I think we now understand better how little we understand about inflation.” “Uh, that’s not very reassuring,” the host chuckled. Talk about an understatement. It’s downright terrifying. This is the Fed Chairman— the High Priest of finance— who has the power to control virtually everything in the economy. He can conjure trillions of dollars ou...
Lessons from One of History’s Biggest Scumbags
March 03, 2023 15:29 - 43 minutes - 37.4 MBTwo weeks ago, I told you that the US government had just published its annual financial report. The government by its own admission lost $4.1 TRILLION in FY 2022. And this is 34% worse than the the previous year’s $3.1 trillion loss. And the rest of the financial report only gets worse from there... They describe Social Security’s extreme insolvency, projecting total unfunded liabilities of the program to be $76 trillion. And they forecast that US government debt will one day reach 566% ...
Imagine if Elon wanted Tesla stock to lose 2% every year…
February 24, 2023 15:53 - 1 hour - 51.4 MBImagine if Elon Musk stood up one day and told the world, “My #1 goal is for Tesla stock to lose 2% of its value every year.” First of all, people would probably rightfully conclude that Elon had finally lost his mind. And second, everyone would dump the stock. Who would possibly want to own an asset where the management is TRYING to lose 2% every year? Yet that’s precisely the stated goal of the people who manage our currencies. They tell us flat out that they WANT 2% inflation, i.e. they WA...
Biden is a liar, and these financial documents prove it.
February 17, 2023 15:28 - 49 minutes - 43.2 MBThere’s hardly anything that POTUS loves to brag about more than his ‘economic success’. He is, after all, a self-proclaimed “capitalist”. Even in last week’s State of the Union address, he boldly claimed that he “cut the deficit by more than $1.7 trillion-- the largest deficit reduction in American history.” And he’s made that same assertion over and over and over again. Unfortunately it’s a complete lie. And just yesterday the Treasury Department released financial documents proving it. Eve...
Why it makes so much sense to diversify internationally
February 10, 2023 14:57 - 56 minutes - 47.1 MBMost people have a peasant mentality. Throughout human history, in fact, the vast majority of people never thought much beyond their tiny village, let alone traveled. But there have always been some people who have had the intellectual courage and curiosity to think far beyond their own borders. And they’ve often been richly rewarded for it. Adopting a global mindset essentially means thinking about the entire world when considering your options. And more options is almost always more benefic...
Proof of Time: a different way to think about gold
February 03, 2023 18:50 - 42 minutes - 36.2 MBGold is really an amazing metal when you think about it. It doesn’t corrode. Coins buried underground or sunk at the bottom of the ocean for hundreds of years are routinely pulled up and brushed off, and they’re good as new. This strength and durability is precisely what makes gold so interesting as an inflation hedge. It undoubtedly takes a lot of work to produce a gold coin or bar-- so much labor, energy, technology, etc. A gold coin essentially represents all of the work… all of the ef...
So you’re telling me there’s a chance…
January 27, 2023 14:24 - 1 hour - 51 MBAs a member of the Boards of Directors of several companies, I regularly attend board meetings to help oversee and guide businesses. One company in our portfolio is run by some very sharp and talented young guys who have created one of the first metaverse advertising companies. It’s growing rapidly, and they’re even expanding into video games now. In a recent board meeting, the management team was telling me about their ‘KPIs’ for this year; KPI stands for ‘key performance indicator’, which...
The one thing that Ron DeSantis and Greta Thunberg agree on
January 20, 2023 15:42 - 1 hour - 53.1 MBOn January 24, 1971, a Swiss-German university professor managed to raise money from the European Commission to fund his new idea— he wanted to start a business conference that would become a major global brand. He secured the funding and held the first conference the following month in the tiny Swiss town of Davos; it was a smashing success— more than 400 executives attended. The following year, the President of Luxembourg was a featured speaker. And for decades since, attending the annual...
Challenge and Response
January 13, 2023 17:21 - 1 hour - 60.2 MBBy the third century AD, it was hard to imagine Rome being in worse condition. Historians literally refer to this period in Roman history as the Crisis of the Third Century. And it was brutal. Roman citizens couldn’t believe what they were experiencing... it was incomprehensible to them that their fatherland had become so weakened. Inflation was running rampant. The Empire was stuck in a quagmire of foreign wars and had suffered some humiliating defeats. Rome experienced multiple bad pande...
Sailing out of the doldrums
January 06, 2023 15:51 - 1 hour - 56.1 MBBy the turn of the 18th century, Great Britain was well on its way to becoming the dominant naval power of Europe. Brits had come to understand that a strong navy and merchant fleet were necessary to grow powerful and prosperous as a nation. And a mythology was already building around the Royal Navy. However all was not rainbows and buttercups. In 1796, the Royal Navy lost control of the Mediterranean. And in 1797, despite several victories, including repelling a French invasion of the Brit...
And this year’s Tommy Franks ‘expert’ award goes to…
December 09, 2022 15:52 - 1 hour - 53.1 MBOn December 10, 1896, in the picturesque seaside town of San Remo, Italy, the famed Swedish chemist breathed his last breath after suffering a devastating stroke, and died. Nobel was an incredibly wealthy man at the time of his death, and most of his wealth had been placed in a trust. (In doing this, Nobel managed to sidestep Sweden’s gargantuan inheritance tax that had been in place since 1884, AND the Kingdom of Italy’s estate tax.) Nobel’s death is commemorated every year on December 10...
Climate Change is the new human sacrifice
December 02, 2022 17:12 - 58 minutes - 52 MBOn the 21st of February, 1978, workers for the state-owned electrical company in Mexico City, Mexico were digging in a neighborhood near city center to bury some cables. After digging about two meters below the street’s surface, they hit a large rock that their equipment could not penetrate. As they dug further, around the rock, they discovered it wasn’t natural… but instead a large stone disk that was at least hundreds of years old. Archaeologists uncovered the rest. And it turned out that...
FTX: It takes a village to fail this big…
November 18, 2022 16:26 - 51 minutes - 46.9 MBYou’ve probably been following the news that FTX, one of the largest cryptocurrency exchanges in the world, is in hot water. And frankly that characterization is an insult to hot water. FTX has already filed for bankruptcy. Potentially $10 billion or more of customer money is at risk. The new CEO states that the company’s internal controls were “a complete failure”. And the company’s founder, Sam Bankman-Fried, has proven himself to be, at a minimum, an irresponsible, reckless child, if not a...
Based on a True Story
November 11, 2022 17:34 - 48 minutes - 110 MBMore than 3,000 years ago, between the 12th and 13th centuries BC, the legendary king of Ithaca, Odysseus, set sail from the ancient city of Troy to begin the journey home. The stories of the Trojan War, and of Odysseus’s voyage home, have been passed down to us in the form of epic poetry from Homer. Most of it is pure fiction. But like modern film, TV, and ‘true crime’ podcasts that abuse dramatic license to entertain their audiences, Homer’s epics may in fact be “based on a true story”. ...
Get ready for the “Excess Stupidity” tax
November 04, 2022 18:17 - 49 minutes - 47 MBToday’s podcast starts off in the year 1175 BC, where the legendary Pharaoh Ramses III was readying himself for battle against one of the most mysterious enemies in all of human history. Ramses was literally fighting for the survival of his kingdom, and for all Egyptian civilization. And fortunately for Egypt, he won. But it came at a great price. Ramses’ treasury was depleted from costly battles (not to mention the vast numbers of expensive monuments and temples that he built). And so to m...
Why we had another baby in Mexico
October 28, 2022 17:46 - 29 minutes - 26.9 MBFirst, I am really grateful for all the well-wishes and congratulations we received on the birth of my son. He’s doing great, and I’m over the moon. I decided to record a podcast about the experience-- why my wife and I decided to have our first child here last year, as well as our second child this year, and tell you how great the experience was. Naturally, though, we start with a historical perspective. Today’s episode begins in ancient India with one of the most famous figures in human h...
Putting all the Pieces Together
October 21, 2022 17:23 - 1 hour - 75.7 MBWe start our podcast today more than 2,500 years ago at a time when the dominant superpower in the western world was the Achaemenid Empire of Persia. Their civilization had reached an unfathomable level of wealth and sophistication; historical records show that, at peak, the Persian treasury had more than $300 BILLION in savings (in today’s money). They had an intricate road network, a highly-functioning postal system, impressive engineering works, and had even invented a crude form of refr...
A masterclass in ‘How to shoot yourself in the foot’
October 07, 2022 23:36 - 56 minutes - 48.7 MBIn the mid 1400s, the head of the Byzantine Empire was a career politician with decades of experience who most people thought would be a capable leader. Instead, through a series of hilariously terrible decisions, he managed to take his already weak empire off the cliff, and into the dustbin of history, in just a few short years. And one of the ways he did that was by deliberately giving up the most strategic resource his empire possessed. We’re seeing a similar story play out today-- the ...
“The most impressive failure of his time”
October 01, 2022 00:11 - 51 minutes - 46.1 MBLately we’ve been led astray over and over again by supposed ‘experts’ with decades of experience who can’t seem to stop making colossal mistakes. But I’m not just talking about individuals. I’m talking about institutions too. And one institution in particular that’s been an abject failure lately has been the central bank. That includes the Federal Reserve in the United States, the Bank of England in the UK, and more. The Federal Reserve, for example, despite its leaders’ decades of experi...
Align yourself with the trajectory of the world
September 23, 2022 16:46 - 56 MBJohn Adams famous wrote to his wife Abigail in the year 1780: “I must study politics and war, that my sons may have the liberty to study mathematics and philosophy. . . in order to give their children a right to study painting, poetry, and music. . .” So that their children can major in gender studies and waste their lives on Tik Tok. OK so I added that last part myself. But I believe the quote most accurately sums up the natural decline of empire. When enough time passes, a dominant super...
The Rise of the Barbarian Kingdoms
September 09, 2022 18:19 - 65.9 MBIn the year 1566, at the end of the reign of the legendary Suleiman the Magnificent, his Ottoman Empire was the world’s dominant superpower. Ottoman territory extend across three continents over nearly 2.3 million square kilometers. Its military was powerful… and feared. The economy was strong and the treasury plentiful. But in time that changed. Subsequent Ottoman rulers became complacent. The government became bureaucratic. The military became softer. Society became decadent. As a whole,...
This new Renaissance can fuel human prosperity for decades to come
September 02, 2022 17:28 - 1 hour - 116 MBThe year 1776 is legendary for precisely one thing: the Declaration of Independence. But 1776 was actually a REALLY big year. Because in addition to the formation of the United States (which undoubtedly had an extraordinary impact on the course of the world), 1776 also saw two other historic trends take shape. The first was the birth of capitalism. 1776 was the year that Scottish economist Adam Smith published his famous work An Inquiry into the Nature and Causes of the Wealth of Nations, ...
When the solution to everything is… more government
August 19, 2022 17:42 - 50 minutes - 28.1 MBYears ago when I was in the military, I had the privilege of serving with some of the finest people I will ever know in my entire life. It’s not a cliché. Many of my brothers in arms were incredibly honest, hard working, dedicated, loyal, intelligent, creative, courageous, and more. And yet, if I’m being brutally honest, I also have to acknowledge that I also served alongside quite a few scumbags. I remember one enlisted soldier in my unit who was arrested by Secret Service agents one day ...
Another wasted opportunity to close the trust deficit
August 12, 2022 17:41 - 59 minutes - 34.2 MBIt’s been another historic and mind-blowing week to say the least. Over the last several months we’ve heard some of the most ridiculous lines of BS from politicians. Things like, “The economy is not in recession.” Last year’s humiliating withdrawal from Afghanistan was an “extraordinary success”. Multi-trillion spending bills “cost nothing”. “The border is closed. The border is secure.” And so much more. But yesterday the Attorney General of the United States made a public statement du...
Four ways the “experts” have proven that they are insane this week
August 05, 2022 18:44 - 49 minutes - 28.1 MBThere’s an old saying that people often misattribute to Albert Einstein-- that ‘the definition of insanity is repeating the same thing over and over again while expecting a different result.’ The saying has become a bit of a cliché, but there is actually some truth to it. About 80 years ago, a psychologist named George Kelly became fascinated with the way human beings make decisions, and he developed a framework that he called the Personal Construct Theory. Kelly’s Personal Construct Theor...
Some solid information for your Plan B
July 29, 2022 17:12 - 1 hour - 35.4 MBFor this week’s podcast I had the pleasure to speak with Viktorija once again, fresh off a long flight from Istanbul and several weeks in Europe. We had a really in-depth discussion that covers a lot of ground. We talked about Mexico City… and why it’s such a pleasant surprise: cheap, chic, clean, civilized, and more. We also spent time discussing Citizenship-by-Investment programs, including why Turkey’s program is so attractive. Click to listen in.
Prince Harry’s Weeping, Wimpy, Whiny World View
July 22, 2022 18:30 - 57 minutes - 78.6 MBPrince Harry ventured out of his nine-bedroom, $14.7 million oceanfront compound in California earlier this week to deliver a speech to the United Nations General Assembly. The fact that Prince Harry is even addressing the UN General Assembly is absurd itself. But even more absurd were his weeping, whiny, wimpy remarks: “The right thing to do is not up for debate,” Harry told his audience of mostly masked onlookers. “And neither is The Science.” So, the guy who was born with the ultimate s...
‘Experts’ broke the world. But they’re rapidly losing power…
July 15, 2022 15:50 - 1 hour - 39.7 MBIt’s rare to find someone, anyone, who has yet to witness, hear about, or directly experience the devastating consequences of the supposed leadership that ‘experts’ have unleashed on us over the past few years. They have engineered and mishandle crisis after crisis after crisis… The world over, from California to Sri Lanka, people everywhere are suffering from their incompetence. Western Europe is on the verge of a major energy crisis; the 4th-largest economy in the world (Germany) is dimmi...
What Bruce Lee might say about the economy…
July 08, 2022 15:59 - 47 minutes - 27.4 MBAs longtime readers know, I’ve been a tremendous fan of Lee’s since I was a small child. He was wise beyond his years and packed a great deal into his short life. I put one of his quotes up on our former office’s walls in Santiago. It reads: “To hell with circumstances; I create opportunities.” This idea is especially apt for the times we live in. It’s easy to be incredibly frustrated about the state of the world right now. The ‘experts’ in charge — whether in the media, Federal Reserve,...
Declaring Intellectual Independence
July 01, 2022 16:54 - 55 minutes - 18.9 MBHappy Canada Day to our Canadian friends. And Monday, of course, is Independence Day in the United States. It’ll be an odd one for sure. Many cities are reportedly cutting back on their fireworks displays due to… yes… supply chain shortages. And many people may scale down their traditional backyard grilling due to insanely high food price inflation. There’s undoubtedly a lot of reason for concern right now, and people of all personal philosophies across the political spectrum feel it. Thos...
Is this what they mean by “Democracy is under attack” ?
June 24, 2022 18:39 - 18 minutes - 6.24 MBToday’s missive looks a bit different from our normal Friday roundup. As you probably know, a few big rulings came down from the United States Supreme Court over the past 24 hours-- one on gun control, the other on abortion. Predictably, the rulings were accompanied by a great deal of noise and outrage. We’re keeping our fingers crossed that ‘mostly peaceful’ protests don’t start up again. More importantly, we wanted to weigh in with a healthy dose of rationality. My bet is that the vast ...
Freedom Podcast: My Biggest Surprise of 2021
December 22, 2021 17:43 - 41 minutes - 37.8 MBIn late 2019, a team executive for the NBA’s Houston Rockets Tweeted a very brief statement of support for pro-freedom protesters in Hong Kong. Hardly anyone should have noticed; he didn’t have much of a following, and it was an incredibly harmless comment. Yet that single Tweet caused a massive firestorm. The Chinese government lost its mind -- how dare this American peasant say anything that’s counter to our interests?!?! And like that… poof… China’s government censors erased the Houston...
How to become a billionaire… even if it takes 200 years
October 06, 2021 16:42 - 21 minutes - 21 MBIt’s a simple question of arithmetic. Imagine you could go back in time to 1871 and ask one of your long lost ancestors to invest $2,500 for the benefit of future generations. That amount of money wasn’t insignificant… but certainly not a major fortune; it would be worth roughly $50,000 in today’s money. When placed in the right structure, and benefiting from compounding returns over the next 150 years, that $2,500 initial investment would be worth an astounding $1.4 BILLION today. Now, s...
Does anyone honestly believe that inflation is ‘transitory’ anymore?
September 23, 2021 15:59 - 32 minutes - 17.3 MBIn the early summer of 1514, Spanish conquistador Ponce de Leon returned home to the court of King Ferdinand as a hero. De Leon was among the first of Spain’s conquistadors to discover gold-- right here in Puerto Rico. And that was enough for him to be knighted and bestowed all sorts of royal honors. By that time, Europe had been suffering a shortage of gold and silver for nearly a century; mines and mints had closed down all across the continent, triggering what economic historians call ‘T...
… where the real estate isn’t insanely overpriced
September 09, 2021 15:29 - 43 minutes - 22.3 MBWhen Gideon Gono became the Governor of the Reserve Bank of Zimbabwe in late 2003, his country was already suffering from terrible hyperinflation. Throughout the 1990s, inflation in Zimbabwe averaged well over 20%. And just a few years later inflation had reached 200%. That’s when Zimbabwe’s government hired Gideon Gono to fix the inflation problem. Gono had a reputation as a sharp, competent banker. He had previously been the managing director of Zimbabwe’s largest bank-- Bank of Credit a...
COVID freedom in an unfree world
August 31, 2021 15:56 - 35 minutes - 18.4 MBIt’s not generally in my nature to heap praise upon a place with a 53% tax rate, a 25% VAT, or one of the top ten highest tax burdens in the world. But as I often remark, nearly every place in the world has something great going for it… some unique competitive advantages that set it apart from its peers, balanced against a multitude of disadvantages. Iran is a great example; it suffers from long-term economic decay, constant sanctions, and an authoritarian government. Its disadvantages are ...
How long will the US dollar’s dominance last?
August 25, 2021 17:31 - 58 minutes - 30 MB301 AD was a big year for the Roman Empire. That was the year that, amid spiraling inflation, Emperor Diocletian issued his Edict on Maximum Prices, essentially fixing prices of just about everything across the Roman Empire. The price of wheat, a day labor’s wages, a quart of olive oil, transportation rates-- everything was established by the Emperor’s edict, and enforced under penalty of death. Diocletian’s edict infamously didn’t work, and the empire plunged into even more severe inflati...
The $163 emergency room visit
August 19, 2021 16:33 - 41 minutes - 22.4 MBWhile traveling across Europe recently, Sovereign Man's CEO (Viktorija) became quite ill and needed some urgent medical treatment. First, she’s doing fine, and we’re grateful for that. Second, it’s not COVID. I know that in the collective mind of most of the world, and for especially public health experts, no other disease exists except for COVID. In the US, for example, CDC data on influenza show that, in a ‘normal year’ (2019, for example), the hospitalization rate for patients with infl...
2020 called, it wants its chaotic public health policy back
August 04, 2021 14:47 - 1 hour - 83 MBThink back to where you were two years ago today. For me, I was in Trakai, Lithuania. It was Day 4 of our 10th annual Sovereign Academy entrepreneurship camp. My dear friends Bill and Marco were giving a joint lecture to the students on hiring, firing, and building culture within a business. Craig Ballantyne was up next with a talk about Instagram marketing. And I was going to finish up the afternoon with a presentation on sales and negotiation. Maybe you were on holiday. Or, since August ...
Most so-called ‘Socialists’ know nothing about Socialism
July 28, 2021 17:36 - 47 minutes - 25.6 MBBy the summer of 1849, Karl Marx was still an obscure writer struggling to make an impact. He had published The Communist Manifesto-- a short, 23-page pamphlet-- the previous year in 1848. But as yet it had failed to catch on. Marx was operating a fledgling newspaper in Germany at the time. But he kept getting in trouble with the German tax authorities for failure to pay taxes. (This taxation double-standard still exists today. Marxists LOVE high taxes… but only if they’re not the ones pay...
Why Warren Buffett may be wrong about America’s future
July 21, 2021 18:19 - 29 minutes - 15.6 MBNearly every year in his annual Berkshire Hathaway shareholder letters, Warren Buffett spends a few pages talking about the dynamism of the American economy. His message is clear: the United States has faced adversity before. It will again. But America always prevails and you should never bet against it. That theme has certainly held true during Buffett’s life. He was born in 1930 and came of age at a time when the US had become the world’s undisputed dominant superpower. Buffett’s entire ...
Why a second residency abroad makes so much sense
July 13, 2021 16:40 - 1 hour - 66.9 MBThe most astute investors in the world understand that there is no such thing as a risk-free investment. Every investment carries at least some risk; stocks, bonds, venture capital, real estate... even something as simple as keeping money in a bank.… they all carry some degree of risk. Sharp investors take steps to identify and hedge their risks, so if the worst happens, they’ll still be protected. Stock market investors, for example, might purchase ‘put options’ which increase in value in...
One of the most ridiculously expensive real estate markets in the world
July 06, 2021 17:02 - 1 hour - 37.2 MBIn late 2019, the real estate firm Knight Frank published a list of the most expensive streets in the world, i.e. the individual neighborhoods with outrageously pricey real estate. The top 10 list included four streets in New York City (57th Street, Central Park South, Fifth Avenue, and Park Avenue), three in Hong Kong, two in London, and one each in Los Angeles and Palm Beach. But global real estate changed immeasurably the following year in 2020. Places like Manhattan have seen a populat...
Why I had a baby... in Mexico
June 29, 2021 16:29 - 57 minutes - 52.2 MBOne of the wonderful people I’ve been fortunate to get to know in my life is legendary investor and prolific author Jim Rogers. I’ve known Jim for nearly 10 years now. He’s a great guy and I’ve learned so much from him-- about finance, markets, travel, writing. But above all that, one thing in particular really stuck out: fatherhood. It seems like every time we’ve ever had dinner or drinks together over the past decade, Jim always brings up the topic of having children. He didn’t have chi...
Sovereign Man’s Freedom Podcast Episode 2: Asset Price Inflation
June 22, 2021 17:02 - 1 hour - 54.8 MBIn last week’s podcast -- the first podcast episode we’ve published in a few years -- Viktorija and I discussed how central banks engineer inflation… and why inflation is probably here to stay. In this week’s episode, we dove even deeper into the topic to discuss a different type of inflation: ASSET price inflation. Remember that inflation rises whenever the amount of money in an economy increases relative to the amount of services and products available to purchase. And that even includes...
Sovereign Research’s Freedom Podcast Episode 2: Asset Price Inflation
June 22, 2021 17:02 - 1 hour - 54.8 MBIn last week’s podcast -- the first podcast episode we’ve published in a few years -- Viktorija and I discussed how central banks engineer inflation… and why inflation is probably here to stay. In this week’s episode, we dove even deeper into the topic to discuss a different type of inflation: ASSET price inflation. Remember that inflation rises whenever the amount of money in an economy increases relative to the amount of services and products available to purchase. And that even includes...
Here’s something we haven’t done in a couple of years
June 16, 2021 16:39 - 1 hour - 50 MBIt feels like it’s easily been two years since I’ve recorded a public podcast. But after yesterday’s article about inflation, I realized that I had so much more to say. Inflation-- which is essentially the slow destruction of a currency-- is already a major issue that’s capturing headlines. But there are plenty of reasons why it could be far worse in the future. This isn’t anything to be afraid of. But it’s definitely a topic to learn a lot more about. Understanding inflation is critical t...