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 neverthought i’d see this in my careerdaniella the other day so-called junkbonds oryield bonds we’re yielding lower thanthe cpiindex it’s just unbelievable thatsomething we used to call junk we knowright nowis going to pay us less than what thecurrent inflation rate isi just don’t conceivably can’t bringmyselfuh to look at bonds in any way shape orformand quite frankly that’s a very scarything and maybei’ll end with this part the fixed incomemarket has been destroyed by the fedand that’s the last part of my businesswe i work with a group that specializesin retirement andbusiness and exiting and estate planningthe retirement business is completelyup in the air there’s no longer any safesecureprinciple secured investment out therepeople have to now takerisk to their principal in order tomaintain some sort ofyou know financial stability retirementwhatever it may beand that’s something we never thoughtwas going to be when we startedin this business and that’s the thingthat’s not being discussed by wallstreet but willwhen eventually the market implodes andthen people realize that hey what how doi do how do i keep maintaining mylifestylebecause i can’t i can’t keep making 5 10or twenty percent like it’slike it’s simple if i may one final noteit is an extreme pleasure and honor tobe interviewed by youand your listeners aredon’t recognize how fortunate andblessed they arebut because i know when i see you doother interviews that you’re on theother side of the coin orwho you’re interviewing but you don’tattack them you give them a chance toshare their views and in a nice wayyou bring up points that kind of pointout where they may not beand i have to tell you that’s a blessingand gift and i just hope you keep itmeans a lot to me peter thank you somuch thank you for those words andagain thank you for your time come backsoon to stansberry investor.com okay
Rick Rule: Why doesn’t the Cost of Living Does include Taxes?
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the second thing and this is astonishing
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to me
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is that the fed’s estimate of the cost
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of living doesn’t
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include tax while
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government expenditures are over 40
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percent of gdp
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the idea that your cost of living
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doesn’t include tax
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i suspect daniella that would be okay
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with you if you didn’t have to pay the
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tax
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but given that you do a calculation of
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cost of living that doesn’t include tax
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seems very odd to me i reck i understand
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that government probably shouldn’t be
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considered to be a consumer good
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unfortunately it’s a good which you are
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forced to consume and fund
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and people when they are thinking about
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the impact of their savings
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and their uh earned income relative to
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their purchasing power
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need to think about inflation very
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differently
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than a slavish reliance on the cpi oh
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that is so well said and i’m happy you
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brought up the point about uh
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tax a rick a real good one um so you
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know
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it seems like we’re living in this world
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of you know fake earnings fake gdp
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fake interest rates and super high
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valuations
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um the feds in a corner
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i think the fed isn’t a corner uh i i
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think
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i think they’re there by popular demand
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when i see what the fed does it reminds
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me of an old
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pogo cartoon from my youth where pogo is
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in the swamp
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and he says i have met the enemy and he
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is usFormer 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.