Straight Talk Wealth Radio

This week I came into the KVTA Ventura studios and decided to broadcast live and take calls.I really want to know what YOU want to hear about! I started to get into David Stockman and the difference between how the markets and economy appear and what Mr. Stickman thinks they're really doing. BUT...the phones kept ringing and YOU ALL are much more interesting.Well, some nice ladies called in and we heard some fascinating stories. Check out this special editions!

There's a feeling out there that the investments markets have weak underpinnings, and that soon, the tides will change.Maybe.But do you understand why some pundits feel that way? With historically low unemployment, high prime-age workforce, and so thereby monetized consumers, what could go wrong?Extreme global levels of debt. That's what.Now, I'm not declaring any doomsday or recession. But if you're wondering where the fears start, they start there - with global debt levels. Because it's always the over-leveraging of debt into a bubble by investors and the banking system that causes "The Big Ones" when it comes to crashes.Again, I'm not saying this is imminent in the near future at all. But in this episode, we start with global debt to help you understand a much more close-to-home related issue that I see so much misunderstanding and misguided asset allocation chasing toward. I'm talking about the Religion of Goldbugs.When global debt breaks, as it did in 2008, did it cause inflation, or deflation? Is gold an inflationary asset, or a deflationary asset? If you're holding a major allocation of gold, and you don't immediately know the answer to those questions, maybe you've drank a little Kool-Aid, too?I'll break it down for you in this episode, and actually help you have greater certainty when to own gold and when to dump it.Episode includes articles on Global Debt from the International Monetary Fund and The Washington Post, plus excepts from my one-on-one interview with Harry S. Dent a few years ago. Plus, there's an offer to acquire a greater library of useful materials on the subject of Inflation, Deflation, and Gold.Enjoy!

After a lifetime of accumulation of savings and wealth, for retirees the entire games changes to the spending of wealth.So how does your portfolio provide for you then? In the past retirees have leaned heavily on income producing assets, such as dividends and bonds.Dividend payments have particular frailties. They're never guaranteed and, as shown by the 2018 collapse of telecom dividends, (Frontier, Century Link, etc) the income can be shut off with little or no notice. And when that happens, the stock price tumbles so that investors are trapped in quicksand, where it's impossible to get the money back out that they invested and take it somewhere else.Bonds have their own trap, also discussed in this episode.And so, in this episode of Straight Talk Wealth Radio a surprising new approach as to how income can be generated by a portfolio, known as Longevity Credits, is revealed. It can grow income from a portfolio in ways that have zero with to with the movement of interest rates or the direction of stocks. And it can produce income, often at substantially higher levels than dividends or bonds, and that will be guaranteed for life at that level OR BETTER!If you ever think you'll need INCOME from your retirement portfolio, be sure to listen to this episode of Straight Talk Wealth Radio, before you find yourself stuck in the old traps of dividends and bonds.

If what Alan Greenspan says is true, we are heading into a whole new uncharted world of financial planning and asset allocation. In this episode hear Alan Greenspan in Sept of 2019 declare:1.) The US GDP is driven by the US Stock Market! (The OPPOSITE of how it has ever been).2.) Negative Interest Rates WILL COME to the U.S. It's only a matter of time!This changes absolutely everything for retired investors and savers. It means:Asset Allocation is gone! The component of Safety (bonds and bond funds) are going to earn so little they will be irrelevant to a portfolio. You will have to PAY for safety.The only place to be will be RISK-ON! But the very reason we are heading into low interest rates is to prop up a sagging market, which now has the very power to change the health of the US Economy by it's volatile swings.Every retired person, no longer working, will have lackluster portfolios unless they are willing to live their retirement on the precipice of Risk.In this episode Bruce discusses alternatives to bonds that can bring balance back to retirees portfolios when bonds and bond funds become impotent.

We've never covered this topic before, but every single person age 64 1/2 should be paying close attention. Medicare rules are changing. Rates are changing. Benefits for Medicare Advantage and Medicare Supplements are changing.This week, Bruce brings in Ventura's leading Consultant on Medicare, Jessica Jones, to discuss why your Medicare coverage is NOT something you stop paying attention to!

As the US Economy achieves it's longest ever period of expansion, only one of two great stories can be told!Overloaded with private and public debt, and a decade of stimulus, we will soon see the greatest bubble burst in all of US History.The Federal Reserve has done a phenomenal job, the economy has never looked better, America is the greatest economic engine in the history of The Western World, and demographics are poised to carry us into further prosperous times!We're not joking! Both stories are compelling! And in this episode Bruce draws on the words of David M. Stockman, credited with being the economic mind of the Reagan Revolution to slash taxes and support private enterprise, and Logan Mohtashami, an outspoken economist from Orange County, CA, blogger of Financial Truth, and frequent guest on Bloomerg and other cable financial news. And these two couldn't disagree more!Get the "Fair and Balanced Story" because you've asked for it. But just be careful what you wish for. Because in the end, you're the one who will have to find the correct and true version.

The core issue of this macro-economy, the driver of every tactical investment decision boils down to whether we have inflation or deflation ahead. That single issue affects stocks, bonds, banks, real estate and metals. No single investment choice can escape this fulcrum of balance in the economy.In this episode Bruce discusses the ongoing pressures in each direction. How do things look under severe inflation or deflation? How should your planning change for either, and who will be the winners and losers in either scenario.

The U.S. economy is currently in the midst of the longest expansion in history. But for retiring Boomers, or those near retirement, it's not about where we've come from, but about where we're going! Boomers don't have any room left for another decade of mistakes in their saving or investing strategy.Of course, there are only two answers - Growth or Contraction. And if you're like the average IRA or 401k owner, you're hearing both stories circulating right now, and you don't know who to believe!In this episode of Straight Talk Wealth Radio host, Bruce Weide, reaches out to economists on both ends of the argument and helps you understand the essential differences in their current economic predictions so that you can better think for yourself, by better understanding Economics 101, and the basis of their arguments.Episode features two opposing viewpoints about the future of the American Economy!With Logan Mohtashami, financial writer and blogger covering the U.S. economy with a specialization in the housing market. https://loganmohtashami.com/And Harry S. Dent, N.Y. Times Bestselling Author of Sale of a Lifetime - How the Great Bubble Burst Can Make You Rich.https://economyandmarkets.com/

In anything you're trying to master, the fundamentals of the subject are the first thing to fully grasp and become comfortable with.Baseball? Practice your hitting, fielding, double-plays, over and over and over again, and you've got a shot at winning games.Musician? Practice your scales, arpeggios, and chord structure to get good at your instrument.So what are the fundamentals of Retirement Planning? And just as important, when it is time to question them and reassess them? In this show, Bruce demonstrates that recent times have shown that the fundamentals of "Investment Planning" are not the same kind, don't work, and can get you into big trouble when you apply them to Retirement Planning. Investment Strategies are NOT Retirement Strategies! Find out the difference and how you, too, can learn to master the fundamentals of Retirement Planning.Also, listen to how you can get a free copy of a special calculator, designed by Bruce for use with his clients, that can help you get facile with calculating your own future retirement income planning, including inflation and projected portfolio growth.

How much of your cash is earning less than 2%? That's easy enough to fix!In this episode Bruce shows how just getting small increases in your interest bearing savings accounts makes big returns over not so much time.Learn how to turn your money in 0.5% CD's at the bank into something better with 2%, 2.5% or even 3.7%. Learn how to get the fees out of your savings account!Learn about the huge effect it has when you turn taxable annual interest into real tax-deferred growth with true compounding.Don't miss this most practical episode of STW Radio!

How much of your money is earning less than 2%? That's LAZY MONEY and there is no reason for it!Too many people are sitting on huge sums of cash earning practically nothing, only because they can't strategically make up their mind on how to build their portfolios for Income, Growth, and Liquidity!In this episode Bruce demonstrates that the cost of getting paltry interest rates on even your bank savings account is needless and very costly in the long run. $100,000 earning .1% in a inflationary environment of 3.5% is loosing $3,400 a year in value. Or over $18,000 in 5 years (compounded)!Bruce surveys the possibilities to find that much better rates exist for totally liquid money; 5-yr money; or long term money. But Lazy Money = Lazy Parents that just aren't bothering to find these substantially higher rates.Lazy money is also found where dividends and interest are needlessly being taxed but not taken as income. Or worse yet, they may be forcing substantially more of your Social Security check to be taxed than need be.Get that Lazy Money off the couch and get it to work! Listen to this very practical episode of Straight Talk Wealth Radio today!

WARNING: Your stock and fund broker would prefer you did NOT listen to this episode of Straight Talk Wealth Radio!The fact is that there are 3 key erosion factors to any retirement portfolio that your wealth manager might be able to guess how to manage against, but they can never guarantee the outcome.If you live too long, or if you plan on a portfolio withdrawal level that you think is reasonable how prepared will you be to reduce your standard of living by 40% halfway through retirement when markets, inflation or interest rates change your financial landscape later on? It's actually possible to guarantee that such an event can never touch you, but only if you know how to plan correctly ahead of time.We'll show you how in this episode of Straight Talk Wealth Radio.

Presently, !0,000 Baby Boomers A DAY turn 65 in the U.S., and it will continue until the year 2030! At that time there will be more people old people (over 65) in the U.S. than young people (18 and under) for the first time ever in the history of the country!Stats show that 7 out of 10 retirees will need Long Term Care (LTC) support services at some point in their retired life. Then this from the WSJ: "Millions Bought Insurance to Cover Retirement Health Cost, Now They Face an Awful Choice". That's because LTC Insurers are throwing in the towel from losses (long before the crush has even started!) and either leaving the market or raising rates dramatically.What choices will be left for aging Boomers? Bruce covers the story in this episode!

Annuities are LONG-TERM contracts! And annuity salesmen are well-trained to always "Sell the Sizzle"! They talk about great features, but omit the details.How long are your funds tied up? What benefits do you think you are getting for that?Why would your annuity salesperson show you just one or two models when there could be dozens to consider?What's your purpose for buying the annuity? Safety? Liquidity? Future guaranteed income? Living benefits such as long-term care funding? Growth? Without knowing how to define your needs and what specific questions you should ask, you could be making the financial mistake of a lifetime!Bruce walks through the vital points to consider for anyone who is considering or already owns an annuity!

This week's show is going to rattle some cages!

Our first Episode back on the airwaves at Newstalk 1590 KVTA, Ventura, CA since 2016!Bruce discusses what is new in the ALL NEW Straight Talk Wealth Radio! This week, featuring the ongoing Wall Street Journal series about retiring Baby Boomers, entitled "The Unprepared". Bruce excerpts the first article in the series and discusses how Boomers are unprepared, and some techniques to help them evaluate how unprepared you may actually be and some essential fixes to help.

California State insurance regulators have acted to remove some of the best performing annuity products from the California market starting on 1 January, 2017. I have never seen this much warfare against American Savers since Ben Bernanke destroyed the interest rate market to force retirees back into stocks, no matter the risk. Folks, there is a WAR going on between the Wall Street Casino Machine, and the Big Insurers of the Midwest. You have literally just a few days for this show to matter. LISTEN NOW, before you are stuck with "Next De-Generation" annuity products.

For decades the world has been marching deeper and deeper into the globalization solution. NAFTA, the Euro, the rise of China,the TPP, etc, etc. But there have been repercussions, from the loss of manufacturing in the US, to the Euromess to clean up the debt-ridden southern European countries by Germany and the other northern European countries. And now, in the mid-twenty teens, the tides are changing back again. Today we see the Brexit, the backlash against immigration, the rejection of the TPP, and astonishing election of Donald J. Trump. Renown economist Harry S. Dent says the world is already retreating from the Peak of Globalization, and in this exclusive interview Mr. Dent discusses with Straight Talk Wealth host, Bruce Weide, how the world will change and what happens next. Also includes remarks of David A. Stockman on Fox Business News.

Breaking News about the The Global Banking Crisis 2.0 in this show! European Debt levels show massive private sector bank debt with massive loan non-performance, and tells us how Europe will become a Global Crisis that will swamp Mario Draghi. And Janet Yellen won't be able to do a thing about it. Bruce then tells very specifically the tactical changes you need to make in your retirement portfolio to weather the changes.

This episode opens with a review of Jon Hilsenrath's Wall Street Journal article about the failures of the Federal Reserve to revive the economy and the question of whether they really know what they can even do about it in the end. Then Bruce turns right back to "What do you DO about it?"

Bruce got tired of telling you that things are going to change. In this episode he starts telling you more explicitly what to DO about it in your own portfolio.

JANUARY 2016 - Three major events were hurling markets down 10% in single month! The China Bubble, The Oil Glut, The Fed is Out of Bullets! And as fast as they rattled the markets, 5 months later it seems that these concerns are a distant dream. Are the stories gone? Are we back on a year of growth? Or will China and Oil come back to haunt us again in the foreseeable future? This show features key analysis on the investment and banking markets from Harry Dent, Carl Icahn, Mohammed El-Erian, John Truman Wolfe, and Sen. Elizabeth Warren,

In the lead up to our Oxnard event on June 25th, hear an exclusive interview with economist Harry S. Dent. Bruce asks Harry about why the markets calmed after January 2016. The China Bubble, The Oil Glut, Fed Reserve out of bullets. Did these stories just go away or are they still major risks today?

For your listening enjoyment!

Is the international economic crisis a carefully orchestrated strategy to gain control of the world’s finances? What if the current financial crisis was not caused by unforeseen random events, but was instead a carefully orchestrated assault on the US Dollar, designed to cripple the American economy and ultimately gain complete control of the world’s financial markets? Sound far fetched? Then you need to listen to this probing interview with John Truman Wolfe, the author of The Coming Financial CRISIS: A Look Behind the Wizard’s Curtain. Wolfe’s assertion is not some paranoid conspiracy theory, claiming the sky is falling. Being a former banker, Wolfe pulls back the wizard’s curtain, to reveal who is currently running the show (not who you’d expect) and explains where we are headed. Anyone who affected by the present financial crisis needs to know the truth and be able to plan for the future, to avoid personal catastrophe. To avoid being financially crippled by a further weakened global economy and the loss of all your assets’ value, Straight Talk Wealth Radio Host, Bruce Weide, plies Mr. Wolfe for the crucial facts you need to know : Who runs the mysterious ‘Bank for International Settlements,’ located in Basel Switzerland? (Hitler’s Bank is alive and well.) What has been quietly legislated in the US to set up Cyprus-style Bail-ins of depositors' accounts when the next banking crisis hits? How the US and the world will look very different 5-10 years from now.

After the great setback of 10% in January of 2016, by the end of the first quarter, it seemed liked all of the noise just suddenly stopped. Markets rebounded and didn’t look back. So what happened to the story? What about the “China Bubble”? What about depressed oil prices getting ready to crush banks who loaned the frackers up to $1 trillion that won’t be paid back? What about Europe on the edge of more default? In this episode Host Bruce Weide digs under the surface to find out what the “smart money” is thinking, exploring the recent media appearances of 4 of the most studied, if not successful market forecasters and investors. HARRY S. DENT: Founder of Dent Research, author of The Demographic Cliff, and chief writer for the daily Economy & Markets. DONALD TRUMP: Renown billionaire investor, developer and 2016 Presidential candidate. DAVID STOCKMAN: Outspoken proponent of free markets, Stockman served as Dir. Of the Office of Management and Budget directly under President Ronald Reagan. MARC FABER: Billionaire Swiss investment manager and Editor of the Doom, Boom and Gloom Report.

Bruce is determined to infuriate his colleagues. In the issue Bruce walks you through the most common financial sales presentations currently being huckstered at the free steak dinners that are so popular today. Most of these events are promoted through mass mailed invitations or even other radio shows. And while there is substantial content in them that can be factual, Bruce shows in this episode that there is just about the same volume of vital facts about these financial offers and products that you are never told. "Financial sales people are always told to 'Sell the Sizzle'. But I'm here to tell you that where's there sizzle, there's also the grease drawer," Bruce warns. BE SURE TO LISTEN TO THIS EPISODE BEFORE YOU GO TO THE NEXT FINANCIAL DINNER WORKSHOP!

This episode features a startling collection of predictions from David Stockman (Former Director of the Office of Management and Budget - Reagan Administration), Mohammed el-Erian (chief economic adviser at Allianz), Jim Rogers (Chairman of Rogers Holdings and Beeland Interests), Donald Trump. These are just a few of the experts, the "Smart Money" if you will, that are pointing to the same future predictions for the Global Markets.

2016 starts off with "Mom & Pop 401K" shaking in their boots! If the markets fall this year, let alone the global economy, will gold be the answer? Harry Dent says authoritatively, "No Way!" Find out why Deflation must defeat gold. Listen to Dent's bold prediction in this interview for gold to reach $700/oz. by 2017 and even $350/oz. by 2023!

Exclusive interview with former Comptroller USA, The Honorable David M Walker. Mr Walker is the former Public Trustee for the Social Security anf Medicare accounts, former head of the General Accountability Office of Congress, appointed by President Clinton and servings also under G.W Bush. This episode begins one of several where Bruce interviews Mr. Walker regarding the national debt and deficits, and how troubled really are Social Security and Medicare? Oh yeah - and how to we FIX all this. There may be nobody better qualified to answer these questions and Mr. David M. Walker.

We've added some new reports from Harry Dent's "Markets & Economy" newsletters.

Hear Bruce's exclusive interview with Harry S. Dent about the depth of the massive Chinese bubble in real estate that has now blown into Chinese stocks. Learn how the Chinese Communist parry is poised to lose control of their top-down crony capitalism in the bursting of their phony investment bubbles so big, it threatens to begin a global economic depression. Also features in depth discussion of the US housing market topping out before another potential 40% fall in prices, due to demographic weakness.

Exclusive interview with economist Harry Dent regarding China's real potential to crash US Markets. Leading into a new event in Oxnard on 10 October.

Leading up to our local workshop in September, Bruce discusses how utterly dependent most Americans will be for Social Security retirement benefits, when the actual income generated by Social Security is poverty level income. In the second half of this show Bruce introduces one of the most authoritative speakers in the US on Medcare benefits Alvin Parra, from Strategic Choices, LLC. Mr. Parra enlightens us on some of the little know lifetime penalties that can be assigned to seniors who do not accurately file for their Medicare benefits timely manner.

Exclusive interview with Senior Fellow at Manhattan Institute for Policy Research, Nicole Gelinas. I recently discovered Ms. Gelinas on a video she produced with Prager University on why governement should not bail out the big banks. 1.) How we got here, markets addicted to government bailouts and stimulus; 2.) Why don't we fear the BOOM? What investors do wrong with risk. 3.) The story of decreasing income and rising debt in Middle Class America. 4.) Where is the trail from Fed money printing to inflated stocks on Wall Street? How they meet up. 5.) Where is the risk in today's banking system?. 6.) Update in Europe and China. 7.) Will things have to get worse before they get better?

Exclusive interview with Senior Fellow at Manhattan Institute for Policy Research, Nicole Gelinas. I recently discovered Ms. Gelinas on a video she produced with Prager University on why government should not bail out the big banks. This is Part 2 of my two-part interview with her. In this episode we discussed 1.) Where is the trail from Fed money printing to inflated stocks on Wall Street? How they meet up. 2.) Where is the risk in today's banking system?. 3.) Update in Europe and China. 4.) Will things have to get worse before they get better?

Exclusive interview with Senior Fellow at Manhattan Institute for Policy Research, Nicole Gelinas. I recently discovered Ms. Gelinas on a video she produced with Prager University on why governement should not bail out the big banks. This is Part 1 of my two-part interview with her. In this episode we discussed 1.) How we got here, markets addicted to government bailouts and stimulus; 2.) Why don't we fear the BOOM? What investors do wrong with risk. 3.) The story of decreasing income and rising debt in Middle Class America. Lots more good stuff to come next week!

In this final episode in the run-up to our July 18th workshop, Bruce covers new ground never featured before: What risk is Greece to American Investors: how the Chinese Bubble has shifted from condos to stocks, with the Shen Zin exchange being up 120% on the year while Chinese GDP growth continues to contract; and billionaire investor Carl Icahn's recent remarks regarding the American stock bubble are taken up. THIS BUBBLE IS GLOBAL, WHICH MAKES IT EVEN HARDER TO BELIEVE! The evidence is here in this show!

Hear an exclusive recording of David Stockman speaking at the Dent Research "Irrational Economics" summit in October 2014, where he describes the current stock market as "A one-way casino dragging the economy closer and closer to the brink". Also features Bruce's exclusive one on one interview with Harry Dent. PLUS SHOCKING details about massive residential mortgage defaults that have come to light that no one is speaking about!

Featuring an exclusive interview with economist Harry S. Dent, and excerpts from former White house Budget Director David Stockman, hear the release of a major Southern California Event. Hear why Global Quantitative Easing can NOT go on forever,and how it will end. Hear two very different views of how investors should protect themselves. Get OUT of the equities markets? Or stay IN the equities markets? Bruce chats it up with John Grace, President of Investor's Advantage and keeps it friendly while he ardently disagrees.

March 2015 Interview with Harry S. Dent where I review several forecast e made that were unbelievable at the start of 2014, and were the irrefutable FACT just a year later. Harry tells us where we will be a year from now.

In Episode 2, the country's leading Asset Protection Attorney, Douglas Lodmell, reviews what techniques work and what don't work to protect your wealth from frivolous lawsuits. Lawyers have turned the legal system into an industrial size extortion racket over the last generation. Doctors, contractors, employers, and construction company owners are particularly at risk. Follow the thread of how the "ambulance chasers" have come to usurp the system, how the scam is run today, and most importantly, what works and what does not for techniques to protect your interests from frivolous lawsuits. Bruce interviews the country's leading Asset Protection Attorney, Douglas Lodmell, and also features the website FaceOfLawsuitAbuse.org

Lawyers have turned the legal system into an industrial size extortion racket over the last generation. Doctors, contractors, employers, and construction company owners are particularly at risk. Follow the thread of how the "ambulance chasers" have come to usurp the system, how the scam is run today, and most importantly, what works and what does not for techniques to protect your interests from frivolous lawsuits. Bruce interviews the country's leading Asset Protection Attorney, Douglas Lodmell, and also features the website FaceOfLawsuitAbuse.org

For most working Americans, Social Security s going to provide a VITAL foundation to their retirement. But few realize that there are several strategic decisions on how and when to collect Social Security that can cost you or benefit you the difference of hundreds of thousands of dollars in a lifetime. This show is classroom style, taken from Bruce's local seminars on how to make the best possible decisions for you, your spouse, and your survivors.

2 conflicting articles in the Wall Street Journal get published, and together they are foretelling. Includes exclusive interview with Harry S. Dent.

Every day hard working people are fleeced out of their hard earned savings by smartly honed, if not often dishonest sales pitchmen. In this episode Bruce gives you the insider's look at how financial advisers are actually trained to sell and propagandized.

How could the real estate market in only 4 essential states in the US have caused the Global Meltdown of 2008? How could an over-inflated stock market in the US in 1929 have caused the worldwide Great Depression of the 1930's?How is it that small bubbles in any asset base can take down an entire global system? It only really happens when the banking system buys into the bubble, and then grows Too Big to Fail! In this episode of Straight Talk Wealth Radio, host Bruce Weide explores what has changed in the US banking system since the 2008 Meltdown, and (shockingly) what has not. For his research, he turns to 4 authorities who have studied the banking meltdown extensively, from the inside and out. FEATURED ON THIS EPISODE,The words of: Sen. Elizabeth Warren (as interviewed by Charlie Rose on the release of her new book, A Fighting Chance): One of the most outspoken prophets of the 2008 Banking Crisis and the risk that the mortgage industry was involved in. She is a current co-sponsor with Sen John McCain of national legislation to bring back the Glass-Steagall Act of the Great Depression era which placed a virtual firewall between commercial banks, and investment markets. David Stockman (as interviewed by Bill Moyers) Former White House Budget Director under Ronald Reagan, and recent author of The Great Deformation: The Corruption of Capitalism in America. Today he is an outspoken critic of the massive Quantitative Easing money-printing experiment of the Federal Reserve Bank. Gretchen Morgenson (as interviewed by Bill Moyers): N.Y. Times reporter and author of Reckless Endangerment: How Outsized Ambition, Greed and Corruption Led to Economic Armageddon. She has exhaustively investigated the role of Fannie Mae and Freddie Mac in the Mortgage Meltdown of 2008. William Isaac (as interviewed on Newsmax TV): Former Chairman of the FDIC (appointed by Ronald Reagan), the very agency entrusted to regulate bank risk. Author of Senseless Panic: How Washington Failed America, Mr. Isaac gives a deep insiders view of effective bank regulation in a free market economy, and how the mistakes made in the Panic of 2008 failed to reset our economy. What's most amazing amongst these authorities from both, the Left and the Right, is how much they agree! Hear this Straight Talk Wealth episode today, before it becomes tomorrow's lead economic news story in the next meltdown!