China’s Stock Melt Down to Spill Over to the U.S. Economy, We’re on Monetary Heroin | Peter Grandich

Warning Sign:

Junk bonds are yielding less than CPI

 

 

people haven’t been making i never
thought i’d see this in my career
daniella the other day so-called junk
bonds or
yield bonds we’re yielding lower than
the cpi
index it’s just unbelievable that
something we used to call junk we know
right now
is going to pay us less than what the
current inflation rate is
i just don’t conceivably can’t bring
myself
uh to look at bonds in any way shape or
form
and quite frankly that’s a very scary
thing and maybe
i’ll end with this part the fixed income
market has been destroyed by the fed
and that’s the last part of my business
we i work with a group that specializes
in retirement and
business and exiting and estate planning
the retirement business is completely
up in the air there’s no longer any safe
secure
principle secured investment out there
people have to now take
risk to their principal in order to
maintain some sort of
you know financial stability retirement
whatever it may be
and that’s something we never thought
was going to be when we started
in this business and that’s the thing
that’s not being discussed by wall
street but will
when eventually the market implodes and
then people realize that hey what how do
i do how do i keep maintaining my
lifestyle
because i can’t i can’t keep making 5 10
or twenty percent like it’s
like it’s simple if i may one final note
it is an extreme pleasure and honor to
be interviewed by you
and your listeners are
don’t recognize how fortunate and
blessed they are
but because i know when i see you do
other interviews that you’re on the
other side of the coin or
who you’re interviewing but you don’t
attack them you give them a chance to
share their views and in a nice way
you bring up points that kind of point
out where they may not be
and i have to tell you that’s a blessing
and gift and i just hope you keep it
means a lot to me peter thank you so
much thank you for those words and
again thank you for your time come back
soon to stansberry investor.com okay

Rick Rule: Why doesn’t the Cost of Living Does include Taxes?

12:01
the second thing and this is astonishing
12:03
to me
12:03
is that the fed’s estimate of the cost
12:05
of living doesn’t
12:07
include tax while
12:10
government expenditures are over 40
12:12
percent of gdp
12:14
the idea that your cost of living
12:15
doesn’t include tax
12:17
i suspect daniella that would be okay
12:19
with you if you didn’t have to pay the
12:20
tax
12:21
but given that you do a calculation of
12:23
cost of living that doesn’t include tax
12:26
seems very odd to me i reck i understand
12:29
that government probably shouldn’t be
12:32
considered to be a consumer good
12:34
unfortunately it’s a good which you are
12:36
forced to consume and fund
12:38
and people when they are thinking about
12:40
the impact of their savings
12:42
and their uh earned income relative to
12:45
their purchasing power
12:47
need to think about inflation very
12:49
differently
12:50
than a slavish reliance on the cpi oh
12:53
that is so well said and i’m happy you
12:55
brought up the point about uh
12:56
tax a rick a real good one um so you
12:59
know
13:00
it seems like we’re living in this world
13:02
of you know fake earnings fake gdp
13:04
fake interest rates and super high
13:06
valuations
13:07
um the feds in a corner
13:11
i think the fed isn’t a corner uh i i
13:14
think
13:14
i think they’re there by popular demand
13:17
when i see what the fed does it reminds
13:19
me of an old
13:20
pogo cartoon from my youth where pogo is
13:23
in the swamp
13:24
and he says i have met the enemy and he
13:27
is us

Former Sprott executive Rick Rule speaks candidly with our Daniela Cambone on everything from the Fed’s current moves to the best safe havens for money right now. Chiming in on the silver squeeze, he also offers insight on why $PSLV has become such a popular vehicle.

In this must-see interview, Rule reflects on his career, explaining the game-changing mindset that has cultivated his success. “The essence of wealth is enhancing your wellbeing— and that isn’t all material,” he says.