Podcasts about Capital

Atlético Madrid and Real Madrid collide at the Metropolitano in a derby defined by ferocious pressure, physical confrontation, tactical discipline, and decisions that will dominate the aftermath. Diego Simeone's side attacks the wide spaces and restricts Madrid's celebrated forwards, while José Mourinho's team fights to survive an atmosphere designed to consume them. The officiating demands serious examination, but so do the footballing realities exposed when structure, intensity, and emotional control determine who commands the Spanish capital.⚽

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-NAACP Image Award-winning, television Executive Producer Rushion McDonald, interviewed Montee Tayion Holland. Founder, president, and CEO of The Tayion Collection, a luxury menswear brand. Holland shares his journey from growing up in Detroit, serving in the U.S. Marine Corps, and working in pharmaceutical sales to building a nationally recognized fashion brand carried by major retailers. The conversation focuses on entrepreneurship, fashion, branding, licensing, mentorship, business growth, and creating a legacy through both business success and community impact. Purpose of the Interview The interview aims to: Share Montee Tayion Holland's entrepreneurial journey. Educate listeners on how to build a successful fashion brand. Explain the business side of the fashion industry, including licensing and retail partnerships. Inspire aspiring entrepreneurs to pursue their passions and monetize their talents. Highlight the importance of mentorship, networking, and community involvement. Discuss the success and significance of apparel collections inspired by historically Black fraternities and sororities. Key Takeaways 1. Passion Often Starts Early Holland's interest in fashion began while growing up in Detroit, where he admired the way coaches and professional role models dressed. Their polished appearance inspired him to pursue a future connected to fashion, even before he understood how to enter the industry. 2. Detroit Influenced His Style Philosophy Detroit's rich culture of fashion, confidence, and self-expression helped shape Holland's view that clothing should reflect an individual's personality. He believes style is about more than appearance. It is a statement of identity and confidence. 3. Military Service Became His Fashion Classroom While serving in the Marine Corps overseas, Holland spent time in tailoring shops creating custom shirts, jackets, and suits. Those experiences taught him about fabrics, fit, construction, and design, laying the foundation for his future brand. 4. The Tayion Collection Bridges Luxury and Accessibility Holland designed The Tayion Collection to offer many of the details and craftsmanship found in custom clothing while remaining accessible through ready-to-wear garments. His goal was to deliver luxury quality at a more attainable price point. 5. A Great Product Alone Is Not Enough One of Holland's strongest lessons is that entrepreneurs must understand the business behind their products. Success requires knowledge of: Manufacturing Cost structure Inventory management Supply chains Distribution Cash flow Retail relationships He stresses that many businesses fail not because of poor products but because of weak business operations. 6. Relationships Can Transform a Career A key turning point came when Holland met apparel executive Ronnie Waksburger, who helped introduce him to larger opportunities within the fashion industry. The interview demonstrates how networking, reputation, and relationship-building can accelerate business growth. 7. Licensing Is a Powerful Growth Strategy Holland explains that licensing allows entrepreneurs to expand their brands without personally funding massive production runs. Through licensing partnerships, businesses gain access to: Manufacturing capabilities Capital resources Industry expertise Distribution channels Retail partnerships This model allows brands to scale faster while reducing operational challenges. 8. The Divine Nine Collection Filled an Important Market Need Holland partnered with Macy's to create apparel inspired by the colors of the Divine Nine fraternities and sororities. Rather than focusing primarily on logos and symbols, the collection uses sophisticated color combinations and versatile styling that can be worn in both professional and social settings. 9. Giving Back Is Part of His Mission Beyond fashion, Holland has spent years mentoring young people and helping student-athletes earn college scholarships. His commitment comes from his own experiences growing up and wanting to create opportunities for future generations. 10. Legacy Matters More Than Short-Term Success Holland's long-term goal is not simply to sell clothing but to build an enduring fashion brand that can continue impacting people for generations. He views entrepreneurship as an opportunity to create something meaningful that outlives its founder. Notable Quotes On Fashion and Identity "People who are really into fashion would like their fashion to be an extension of their personalities." On The Tayion Collection "Where the custom suit meets the ready-to-wear suit." On Entrepreneurship "You can have the hottest garments in the world. If you don't understand the business of it, you will lose and you will fail." On Innovation "It's about taking risks and it's about following that little voice in your head." On Purpose "That little voice in your head is your gift and you have to listen to it." On Licensing "Would you rather have all of $1 million or 10% of $100 million?" On Passion "You have to love what you do." On Recognizing Opportunity "If people are always complimenting you on it, it's maybe something that you could do and monetize." On Entrepreneurship "You will not fail. You will know." On Legacy "I believe there is no mountaintop. It's a legacy brand that could be here for years and years to come." Executive Summary Montee Tayion Holland's interview is a powerful story about vision, resilience, and entrepreneurship. From humble beginnings in Detroit and service in the Marine Corps to founding The Tayion Collection and securing partnerships with major retailers, Holland demonstrates how passion, discipline, continuous learning, and strategic relationships can build a successful brand. His central message is simple: identify your gifts, develop the business skills to support them, trust your instincts, and build something that creates lasting value for future generations. #BEST#SHMS #STRAW Money Making Conversations Master Class with Rushion McDonald is America's premier entrepreneurship, business leadership, financial literacy, and wealth-building podcast featuring successful entrepreneurs, executives, founders, celebrities, and industry experts sharing actionable insights for professional and financial success. Business Podcast Entrepreneurship Small Business Business Growth Financial Literacy Wealth Building Black Entrepreneurs Minority Business Leadership Executive Leadership Business Funding Marketing Strategies Personal Development Startup Advice Sales Training CEO Interviews Founder Stories Professional Development Economic Empowerment Business Success Networking Brand Building Innovation How to start a business Small business funding Entrepreneur success stories Business leadership podcast Wealth building strategies Black entrepreneur podcast Minority business development Marketing for small businesses Business growth strategies Startup funding opportunities Executive leadership training Financial literacy education Success mindset podcastSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-NAACP Image Award-winning, television Executive Producer Rushion McDonald, interviewed Montee Tayion Holland. Founder, president, and CEO of The Tayion Collection, a luxury menswear brand. Holland shares his journey from growing up in Detroit, serving in the U.S. Marine Corps, and working in pharmaceutical sales to building a nationally recognized fashion brand carried by major retailers. The conversation focuses on entrepreneurship, fashion, branding, licensing, mentorship, business growth, and creating a legacy through both business success and community impact. Purpose of the Interview The interview aims to: Share Montee Tayion Holland's entrepreneurial journey. Educate listeners on how to build a successful fashion brand. Explain the business side of the fashion industry, including licensing and retail partnerships. Inspire aspiring entrepreneurs to pursue their passions and monetize their talents. Highlight the importance of mentorship, networking, and community involvement. Discuss the success and significance of apparel collections inspired by historically Black fraternities and sororities. Key Takeaways 1. Passion Often Starts Early Holland's interest in fashion began while growing up in Detroit, where he admired the way coaches and professional role models dressed. Their polished appearance inspired him to pursue a future connected to fashion, even before he understood how to enter the industry. 2. Detroit Influenced His Style Philosophy Detroit's rich culture of fashion, confidence, and self-expression helped shape Holland's view that clothing should reflect an individual's personality. He believes style is about more than appearance. It is a statement of identity and confidence. 3. Military Service Became His Fashion Classroom While serving in the Marine Corps overseas, Holland spent time in tailoring shops creating custom shirts, jackets, and suits. Those experiences taught him about fabrics, fit, construction, and design, laying the foundation for his future brand. 4. The Tayion Collection Bridges Luxury and Accessibility Holland designed The Tayion Collection to offer many of the details and craftsmanship found in custom clothing while remaining accessible through ready-to-wear garments. His goal was to deliver luxury quality at a more attainable price point. 5. A Great Product Alone Is Not Enough One of Holland's strongest lessons is that entrepreneurs must understand the business behind their products. Success requires knowledge of: Manufacturing Cost structure Inventory management Supply chains Distribution Cash flow Retail relationships He stresses that many businesses fail not because of poor products but because of weak business operations. 6. Relationships Can Transform a Career A key turning point came when Holland met apparel executive Ronnie Waksburger, who helped introduce him to larger opportunities within the fashion industry. The interview demonstrates how networking, reputation, and relationship-building can accelerate business growth. 7. Licensing Is a Powerful Growth Strategy Holland explains that licensing allows entrepreneurs to expand their brands without personally funding massive production runs. Through licensing partnerships, businesses gain access to: Manufacturing capabilities Capital resources Industry expertise Distribution channels Retail partnerships This model allows brands to scale faster while reducing operational challenges. 8. The Divine Nine Collection Filled an Important Market Need Holland partnered with Macy's to create apparel inspired by the colors of the Divine Nine fraternities and sororities. Rather than focusing primarily on logos and symbols, the collection uses sophisticated color combinations and versatile styling that can be worn in both professional and social settings. 9. Giving Back Is Part of His Mission Beyond fashion, Holland has spent years mentoring young people and helping student-athletes earn college scholarships. His commitment comes from his own experiences growing up and wanting to create opportunities for future generations. 10. Legacy Matters More Than Short-Term Success Holland's long-term goal is not simply to sell clothing but to build an enduring fashion brand that can continue impacting people for generations. He views entrepreneurship as an opportunity to create something meaningful that outlives its founder. Notable Quotes On Fashion and Identity "People who are really into fashion would like their fashion to be an extension of their personalities." On The Tayion Collection "Where the custom suit meets the ready-to-wear suit." On Entrepreneurship "You can have the hottest garments in the world. If you don't understand the business of it, you will lose and you will fail." On Innovation "It's about taking risks and it's about following that little voice in your head." On Purpose "That little voice in your head is your gift and you have to listen to it." On Licensing "Would you rather have all of $1 million or 10% of $100 million?" On Passion "You have to love what you do." On Recognizing Opportunity "If people are always complimenting you on it, it's maybe something that you could do and monetize." On Entrepreneurship "You will not fail. You will know." On Legacy "I believe there is no mountaintop. It's a legacy brand that could be here for years and years to come." Executive Summary Montee Tayion Holland's interview is a powerful story about vision, resilience, and entrepreneurship. From humble beginnings in Detroit and service in the Marine Corps to founding The Tayion Collection and securing partnerships with major retailers, Holland demonstrates how passion, discipline, continuous learning, and strategic relationships can build a successful brand. His central message is simple: identify your gifts, develop the business skills to support them, trust your instincts, and build something that creates lasting value for future generations. #BEST#SHMS #STRAW Money Making Conversations Master Class with Rushion McDonald is America's premier entrepreneurship, business leadership, financial literacy, and wealth-building podcast featuring successful entrepreneurs, executives, founders, celebrities, and industry experts sharing actionable insights for professional and financial success. Business Podcast Entrepreneurship Small Business Business Growth Financial Literacy Wealth Building Black Entrepreneurs Minority Business Leadership Executive Leadership Business Funding Marketing Strategies Personal Development Startup Advice Sales Training CEO Interviews Founder Stories Professional Development Economic Empowerment Business Success Networking Brand Building Innovation How to start a business Small business funding Entrepreneur success stories Business leadership podcast Wealth building strategies Black entrepreneur podcast Minority business development Marketing for small businesses Business growth strategies Startup funding opportunities Executive leadership training Financial literacy education Success mindset podcastSee omnystudio.com/listener for privacy information.

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-NAACP Image Award-winning, television Executive Producer Rushion McDonald, interviewed Montee Tayion Holland. Founder, president, and CEO of The Tayion Collection, a luxury menswear brand. Holland shares his journey from growing up in Detroit, serving in the U.S. Marine Corps, and working in pharmaceutical sales to building a nationally recognized fashion brand carried by major retailers. The conversation focuses on entrepreneurship, fashion, branding, licensing, mentorship, business growth, and creating a legacy through both business success and community impact. Purpose of the Interview The interview aims to: Share Montee Tayion Holland's entrepreneurial journey. Educate listeners on how to build a successful fashion brand. Explain the business side of the fashion industry, including licensing and retail partnerships. Inspire aspiring entrepreneurs to pursue their passions and monetize their talents. Highlight the importance of mentorship, networking, and community involvement. Discuss the success and significance of apparel collections inspired by historically Black fraternities and sororities. Key Takeaways 1. Passion Often Starts Early Holland's interest in fashion began while growing up in Detroit, where he admired the way coaches and professional role models dressed. Their polished appearance inspired him to pursue a future connected to fashion, even before he understood how to enter the industry. 2. Detroit Influenced His Style Philosophy Detroit's rich culture of fashion, confidence, and self-expression helped shape Holland's view that clothing should reflect an individual's personality. He believes style is about more than appearance. It is a statement of identity and confidence. 3. Military Service Became His Fashion Classroom While serving in the Marine Corps overseas, Holland spent time in tailoring shops creating custom shirts, jackets, and suits. Those experiences taught him about fabrics, fit, construction, and design, laying the foundation for his future brand. 4. The Tayion Collection Bridges Luxury and Accessibility Holland designed The Tayion Collection to offer many of the details and craftsmanship found in custom clothing while remaining accessible through ready-to-wear garments. His goal was to deliver luxury quality at a more attainable price point. 5. A Great Product Alone Is Not Enough One of Holland's strongest lessons is that entrepreneurs must understand the business behind their products. Success requires knowledge of: Manufacturing Cost structure Inventory management Supply chains Distribution Cash flow Retail relationships He stresses that many businesses fail not because of poor products but because of weak business operations. 6. Relationships Can Transform a Career A key turning point came when Holland met apparel executive Ronnie Waksburger, who helped introduce him to larger opportunities within the fashion industry. The interview demonstrates how networking, reputation, and relationship-building can accelerate business growth. 7. Licensing Is a Powerful Growth Strategy Holland explains that licensing allows entrepreneurs to expand their brands without personally funding massive production runs. Through licensing partnerships, businesses gain access to: Manufacturing capabilities Capital resources Industry expertise Distribution channels Retail partnerships This model allows brands to scale faster while reducing operational challenges. 8. The Divine Nine Collection Filled an Important Market Need Holland partnered with Macy's to create apparel inspired by the colors of the Divine Nine fraternities and sororities. Rather than focusing primarily on logos and symbols, the collection uses sophisticated color combinations and versatile styling that can be worn in both professional and social settings. 9. Giving Back Is Part of His Mission Beyond fashion, Holland has spent years mentoring young people and helping student-athletes earn college scholarships. His commitment comes from his own experiences growing up and wanting to create opportunities for future generations. 10. Legacy Matters More Than Short-Term Success Holland's long-term goal is not simply to sell clothing but to build an enduring fashion brand that can continue impacting people for generations. He views entrepreneurship as an opportunity to create something meaningful that outlives its founder. Notable Quotes On Fashion and Identity "People who are really into fashion would like their fashion to be an extension of their personalities." On The Tayion Collection "Where the custom suit meets the ready-to-wear suit." On Entrepreneurship "You can have the hottest garments in the world. If you don't understand the business of it, you will lose and you will fail." On Innovation "It's about taking risks and it's about following that little voice in your head." On Purpose "That little voice in your head is your gift and you have to listen to it." On Licensing "Would you rather have all of $1 million or 10% of $100 million?" On Passion "You have to love what you do." On Recognizing Opportunity "If people are always complimenting you on it, it's maybe something that you could do and monetize." On Entrepreneurship "You will not fail. You will know." On Legacy "I believe there is no mountaintop. It's a legacy brand that could be here for years and years to come." Executive Summary Montee Tayion Holland's interview is a powerful story about vision, resilience, and entrepreneurship. From humble beginnings in Detroit and service in the Marine Corps to founding The Tayion Collection and securing partnerships with major retailers, Holland demonstrates how passion, discipline, continuous learning, and strategic relationships can build a successful brand. His central message is simple: identify your gifts, develop the business skills to support them, trust your instincts, and build something that creates lasting value for future generations. #BEST#SHMS #STRAW Money Making Conversations Master Class with Rushion McDonald is America's premier entrepreneurship, business leadership, financial literacy, and wealth-building podcast featuring successful entrepreneurs, executives, founders, celebrities, and industry experts sharing actionable insights for professional and financial success. Business Podcast Entrepreneurship Small Business Business Growth Financial Literacy Wealth Building Black Entrepreneurs Minority Business Leadership Executive Leadership Business Funding Marketing Strategies Personal Development Startup Advice Sales Training CEO Interviews Founder Stories Professional Development Economic Empowerment Business Success Networking Brand Building Innovation How to start a business Small business funding Entrepreneur success stories Business leadership podcast Wealth building strategies Black entrepreneur podcast Minority business development Marketing for small businesses Business growth strategies Startup funding opportunities Executive leadership training Financial literacy education Success mindset podcastSteve Harvey Morning Show Online: http://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

Human rules and self-made effort are only weak shadows that cannot change wrong behaviour or stop human weakness. True strength and freedom come from being led by the Holy Spirit, who transforms lives from the inside out through the power of Jesus.

Alex Price started his career as an officer in the British Army, moved into investment banking, did an MBA at London Business School, and joined Palmer Capital in 2003. At that point the business had three or four people, a balance sheet under £1m, no funds under management and three operating partners. Over 16 years he built it alongside founder Ray Palmer into a business with more than £1bn of assets under management, having raised over £1.5bn from the UK, US, Middle East and Asia, employing nearly 100 people across ten operating partners. They sold to Fiera Capital in 2019, and Alex went on to run the combined European business before leaving in 2023 to study a masters at King's College London. He set up Ashen Capital in 2024 with Steven Wright, a colleague of 15 years, to invest in the people investing in property. They take minority stakes in UK operating businesses, providing up to £5m of working capital alongside advice, connections and experience. Two investments so far: a land promotion business and an investment management business doing senior secured construction loans. His argument in this conversation is about what separates a real estate entrepreneur from any other kind. In most startups you risk a laptop, an office and your reputation. In real estate the numbers are staggering, so the downside is far larger relative to the upside, and that changes what investors look for. Alex backs character before skill set, because trust is what he's actually underwriting. He also never backs a solo founder, wanting two complementary people so one drives and one reduces risk. He walks through the mindset, skill set and character he looks for, the six steps to launching a business from concept through to launch day, and why he'd put £500m into UK residential rather than commercial. The People Property Place Podcast is powered by Art Capital & Yardi. For more on Yardi, head to: https://hubs.li/Q04wHxlH0 For more on Art Capital, head to: https://www.art-capital.co.uk/ LIKE - SHARE - SUBSCRIBE http://peoplepropertyplace.com/

Mário Cagica elogiou entrada de "grande personalidade" dos encarnados. Apontou ainda críticas à arbitragem de Miguel Nogueira e sublinhou o impacto da expulsão no Benfica.See omnystudio.com/listener for privacy information.

From Pōneke the programme includes Irish news, local events and activities with an Irish flavour as well as interviews and live music from visiting Irish musicians, book and movie reviews, and political views/reviews.

Superchats at any time here: https://streamlabs.com/jaydyer/tip Merch https://jaydyer-shop.fourthwall.com/collections/all Join this channel to get access to perks: https://www.youtube.com/channel/UCnt7Iy8GlmdPwy_Tzyx93bA/join Support my work via Bitcoin here! bc1q07n9qqsvcx33yz6z8xj6meupqxxug9n55zzhqd Philosophy Course is here: https://marketplace.autonomyagora.com/philosophy101 Set up recurring Choq subscription with the discount code JAY60LIFE for 60% off now https://choq.com Subscribe to my site here: https://jaysanalysis.com/membership-account/membership-levels/Become a supporter of this podcast: https://www.spreaker.com/podcast/jay-sanalysis--1423846/support.

Every investment decision begins with a debate. Which risks matter most? Which opportunities are being overlooked? What assumptions deserve a second look?   All the Capital gives you a seat inside those conversations.  Hosted by Keshav Rajagopalan, PGIM's new podcast brings together experienced investors to explore the industries, challenges, and opportunities shaping decisions across capital markets.  Launching soon. Subscribe to All the Capital wherever you listen to podcasts.

In this episode of the Income Flip Podcast, Dave Wolcott shares how becoming a father to triplets overnight sparked an obsessive twenty-year journey to understand how the wealthy actually build wealth outside of traditional 401k and stock market advice. Dave breaks down the difference between tax preparers and tax planners, why business owners and investors can legally pay a fraction of what W-2 employees pay in taxes, and how he built a portfolio spanning real estate, oil and gas, and private credit to create what he calls a trifecta of tax efficiency, passive income, and forced depreciation. He explains how infinite banking through properly structured life insurance lets investors become their own bank, and walks through the "portfolio pyramid" framework he uses with clients at Pantheon. He also opens up on the six forms of capital, financial, intellectual, spiritual, emotional, physical, and relational, and why true holistic wealth requires far more than just money in the bank.

Gareth and Leigh Ann kick off with stories about Damon and Leigh Ann's first meeting with Sam Cowan — plus the comments section weighs in, as always. Then, Jarrett Booysen, founder of SEQFLO, joins the show to talk about how getting scammed out of thousands of rands led him to build a secure digital trust platform for private online transactions. Finally, Cilliers Brink of the DA returns to the show, sharing his advice for voters ahead of the November 2026 local government elections and his campaign to become Tshwane's mayor again.

SummaryIn this episode of Capital Hacking, host Josh McCallen shares a re-release of his interview on Cash Flow Ninja with MC Laubscher. They examine shifting dynamics in commercial real estate, detailing why investors and major institutions like Blackstone are transitioning away from short-term rentals toward experiential boutique hotels and resorts. Josh outlines how Accountable Equity scales luxury destination properties by blending contract-backed revenue streams—such as high-end weddings—with ancillary services like health, wellness, and specialized amenities. The conversation also covers current acquisition criteria, the advantages of direct investing, and upcoming networking opportunities at the Learn & Grow conference.Chapters01:37 – Welcome & Guest Introduction: Josh McCallen03:00 – Josh McCallen's Background & Journey in Hospitality06:16 – Market Shift: From Short-Term Rentals to Boutique Hotels09:14 – Institutional Trends & Operational Alpha in Real Estate12:21 – The K-Shaped Economy & Rising Demand for Experiential Wellness15:30 – Historic Restoration & Evolving Consumer Beverage Preferences20:04 – Building Multilayered Cash Flow Through Weddings & Events23:03 – Strategic Real Estate Acquisitions & Portfolio Expansion27:48 – Power of Regional Clustering & The "Learn & Grow" Event29:48 – Direct Investing Benefits & Community-Building Insights32:18 – How to ConnectLearn More About Accountable Equity:  Visit Us: http://www.accountableequity.com/   Access eBook: https://accountableequity.com/case-study/#registerTurn your unique talent into capital and achieve the life you were destined to live. Join our community!We believe that Capital is more than just Cash. In fact, Human Capital always comes first before the accumulation of Financial Capital. We explore the best, most efficient, high-integrity ways of raising capital (Human & Financial). We want our listeners to use their personal human capital to empower the growth of their financial capital. Together we are stronger.LinkedinFacebookInstagramApple PodcastSpotify

There has been a transition from a world of abundant capital to one of scarcity. With the rising interest rates across the US, UK, and France, we discuss the economic implications of Donald Trump's "fairway diplomacy" in Ireland, the structural fragility of European bond markets, and the sudden shift in rhetoric from AI leaders calling for regulation. Is the move to "pace the frontier" is a moral awakening regarding existential risk or a strategic play for state protection in a tightening financial landscape?NYC Tickets: https://irishartscenter.org/event/an-evening-with-david-mcwilliams-2026 Hosted on Acast. See acast.com/privacy for more information.

Sydney Sweeney volvió a los anuncios, esta vez promocionando Novig una app que técnicamente no es una casa de apuestas. Es un "mercado de predicción deportiva" — y esa diferencia de una palabra le permite operar sin la regulación estatal que sí aplica a cualquier casino. La industria (Novig, Kalshi, Polymarket) ya mueve más dinero al mes que todas las apuestas deportivas legales de Estados Unidos juntas, mientras dos tribunales federales acaban de fallar cosas completamente opuestas sobre si esto es una inversión o una apuesta disfrazada. Y Sweeney no solo cobró por el anuncio: es accionista. Te explico el negocio completo detrás del anuncio que generó polémica.Convierte tu café en algo más que una rutina. ☕Adquiere tu bolsa de Café el Capital aquí: https://cafeelcapital.com/s/86d69f0:00 — Intro: el anuncio de Sweeney y el fallo judicial que lo complica0:24 — Qué es Novig y cómo funciona un "mercado de predicción"1:22 — El tamaño real: Kalshi, Polymarket, y cómo ya superan a las apuestas legales2:31 — Por qué Sweeney: la guerra de celebridades y su rol como accionista3:35 — La controversia: las atletas, y el patrón que ya se vio con American Eagle4:50 — La batalla legal: dos tribunales, dos fallos opuestos5:55 — El dinero real: la industria de casinos, los impuestos, quién compite en desventaja7:00 — Cierre: quién gana, quién pierde, y la pregunta sin resolver

Episode 386: How to Build on Your Community Capital as a Nonprofit Leader (Dan Bevels)Episode SummaryPlenty of nonprofit professionals talk themselves out of executive roles because their resume does not show years of philanthropic experience. Dan Bevels, President of the Atrium Health Floyd-Polk Foundation in Rome, Georgia, nearly did exactly that, and applied only after his wife and a mentor pushed him. He walks through the case he made in place of the credentials he lacked: that what he did not know could be taught, and that fifteen years of relationships across northwest Georgia would take anyone else years to build. He describes meeting one-on-one with all seventeen of his board members in his first year, mostly to listen; why the foundation asks grant applicants who they are collaborating with, and makes introductions when the answer is no one; and how a young foundation is shifting from funding programs to attacking the causes underneath them. Listeners will walk away with a way to make the case for a role their resume does not obviously fit, and a clearer sense of what a funder is actually listening for.About DanDan Bevels is President of the Atrium Health Floyd-Polk Foundation, an independent supporting foundation of Atrium Health Floyd in Rome, Georgia, that works on the social drivers of health across northwest Georgia, from food insecurity and housing to access to care. He studied broadcast journalism and expected a life in radio and television, then moved into corporate communications once the hours and relocation ruled out the family life he wanted. He joined what was then Floyd Medical Center in 2009, having suggested half as a joke that they hire him rather than keep calling with freelance projects, and later served as Director of Community Health. The foundation was created when Floyd joined Atrium Health in 2021, and Bevels stepped into the top job on January 11, walking straight into grant application season. He grew up in a blue-collar family in the county he now serves, started working at fourteen, and still opens conversations in nearby towns with memories of swimming at Peaks Park.ResourcesThanks to our podcast partner, InperiumDan's LinkedIn | Atrium Health Floyd-Polk FoundationDogwood Health TrustBook recommendations: Upstream by Dan Heath, and The AI-Driven Leader by Geoff WoodsConference for NC Nonprofits, October 20-21, 2026 in Concord. Use code PATH26 for discount, or PATHMEM for $100 off through October 19 if you're already a member!Follow Your Path to Nonprofit Leadership, and please leave a review!Learn more about the leadership resources at Armstrong McGuire

This week, we're putting everything on the line when we pit clotheslines against dryers. Katie-Ellen Humphries is pro-clothesline and she's prepared to hang her opponent out to dry, but Myles Morrison is ready to get into a tumble when he defends dryers. Then, should Saskatoon be Saskatchewan's capital city? Peter Brown claims this cultural hub is ready for a new title, but Cory Mack believes Toontown just isn't capital material.Featuring: Katie-Ellen Humphries, Myles Morrison, Peter Brown, and Cory Mack.

We speak to the architect and developer behind a new skyscraper planned for the City of London. Then we hear what Lisbon and Maputo – two cities with a shared language and culture – can learn from each other.See omnystudio.com/listener for privacy information.

David Hellier is a Partner and Investment Committee member at Bertram Capital.  He oversees Bertram Capital's Origination and Capital Markets team, where he directs sourcing, investment opportunity assessment, intermediary/lender relationship development and sell-side selection processes. Prior to Bertram, David was President and CEO of The Gemesis Corporation, an early innovator in diamond growth technology. At Ask.com (IAC) David's leadership launched Ask Jeeves from the 312th ranked Internet site to the 12th largest site on the Web and built the company into one of the most widely recognized Internet brands. David held senior management positions at Iomega, establishing the company's presence as Managing Director of the Asia Pacific region and subsequently running the $1B North American Sales and Marketing Division. David began his career at Gates Energy Products/Energizer Power Systems. David received his Bachelor of Science degree in Business Administration (1986) and Master of Arts in Economics from the University of Florida (1988).

Watch the show on television by downloading the SuperCrowd.tv Channel app to your Roku or Amazon Fire TV or e360tv channel app to your Roku, LG or Amazon Fire TV. You can also see it on YouTube.Devin: What is your superpower?Chris: What I've decided my superpower is now is naivete. We have this ridiculously big idea in front of us and a tool to make it happen, and I believe that we're going to do this.Locally controlled community investment funds can help communities keep wealth circulating at home rather than watching outside capital extract it.That is the big idea Chris Miller, founding board member and chair of the National Coalition for Community Capital, brought to this episode. Chris and I have been talking about community capital for years. What makes this moment exciting is that NC3 is moving from education and advocacy into replicable, on-the-ground fund creation.Chris described NC3 as “a decade-old overnight success.” The organization grew out of the early investment crowdfunding movement, including the passage of state-level crowdfunding exemptions like the Michigan law Chris helped champion in 2013.For years, NC3 trained communities and entrepreneurs on the promise of community capital. Then Chris had a humbling experience. After working with more than 100 Michigan communities that had used donation crowdfunding for public spaces, he expected to help many of them shift into investment crowdfunding for local businesses and real estate. Instead, only a couple of projects moved forward.That failure became insight. “It's not rocket science, but there's no ecosystem,” Chris said. “There's a very small ecosystem supporting this really radical change in how capital can flow in our communities.”That realization led NC3 to create its Community Capital Accelerator and what it now calls the Diversified Community Investment Fund. The structure uses real estate as a foundation. Once 60 percent of a fund is invested in real estate, the fund can invest in other local priorities, often businesses.NC3 has helped build funds in Rhode Island, Detroit and Petoskey, Michigan. It is working actively in four more communities, with a pipeline of 12 to 18 additional prospects. With support from Kresge, NC3 is also partnering with the International Economic Development Council to work with 21 communities.Chris's vision is rooted in local control. He warned that too many communities now depend on outside businesses whose model is to put in as little as possible and take out as much as possible.“We have to get back to the place where we again decide what happens in our communities and have the opportunity to make investments into those projects and businesses and housing so that we can reap the benefit of it,” Chris said.The goal is not just more capital. It is more democratic capital, more local ownership and more resilient communities.“We have to take a dollar into our community,” Chris said. “We have to pass it around five or six or 10 or 12 times in order to really build wealth.”tl;dr:Chris Miller and NC3 are building community investment funds that let local residents invest locally.Diversified Community Investment Funds use real estate structures to unlock broader community business investment.Chris sees extractive outside capital draining wealth from towns and wants dollars recirculating locally.NC3 has launched or developed funds in Rhode Island, Detroit and Petoskey with more coming.Naivete helps Chris pursue huge goals, move legislation quickly and keep pushing despite obstacles.How to Develop Naivete As a SuperpowerChris named his superpower with a smile: “What I've decided my superpower is now is naivete.” He explained that NC3 is pursuing “this ridiculously big idea” of putting community investment funds everywhere, adding, “I believe that we're going to do this.” To Chris, naivete is not ignorance. It is the willingness to imagine a better system before the current one gives permission. “As long as people don't keep saying this is a bad idea to us, we're going to be naive enough to imagine this happening across the country,” he said.Chris's favorite example came from Michigan in 2013. With no prior experience passing securities legislation, he helped introduce a state investment crowdfunding law in August. By December, he was in the governor's office watching it be signed. The bill passed with just one no vote across both chambers. That early success showed him that big systems could move quickly when passion, relationships and the right idea aligned. Soon after, he helped a neighboring community use the law for a microbrewery raise that filled so fast he missed the chance to invest himself.Hold a dream big enough to pull you through hard work and uncertainty.Start from genuine care for people, communities and shared opportunity.Stand up, say something and do something before you have every answer.Treat difficulty as expected, not disqualifying: say, “So what? Let's do it anyway.”Build relationships with people who share the vision and can bring skills you lack.Use early wins to prove to yourself and others that broken systems can change.Stay naive enough to believe change is possible and prepared enough to execute well.By following Chris's example and advice, you can make naivete a skill. With practice and effort, you could make it a superpower that enables you to do more good in the world.Remember, however, that research into success suggests that building on your own superpowers is more important than creating new ones or overcoming weaknesses. You do you!Guest ProfileChris Miller (he/him):Founding Board Member and Chair, National Coalition for Community CapitalAbout National Coalition for Community Capital: NC3 works to advance the Community Capital movement. This engagement of regular (retail) investors into businesses and projects in their own communities empowers citizens while it builds financial resilience and wealth for individuals and communities.Website: NC3now.orgBiographical Information: Chris Miller is chair and one of the founding board members of the National Coalition for Community Capital, a 501c3. Among NC3's goals are to empower ordinary citizens and strengthen local economies though community investment and ownership, with particular attention to wealth-building by non-accredited investors and to underserved populations and communities. Chris has been working on community, economic, and entrepreneur development in Michigan for nearly 20 years in a variety of roles, including as an appointed and elected city official, as a board member and frequent chair of a variety of community and economic development organizations, as a partner with student teams from the University of Michigan and Michigan State University, as an Innovation Fellow at the Michigan State University EDA Center for Regional and Economic Innovation, and as the City of Adrian's economic developer. During that time, in addition to securing millions of grant dollars and matching private investments, he also developed a local investor group, led a community business plan competition, and worked with local schools to implement entrepreneurship education. While working his day job in Adrian, he also introduced and championed Michigan's MILE – an investment crowdfunding exemption that served as a national model, and he currently has introduced legislation that would create a first in the nation investment incentive available to any state resident regardless of wealth. During 2023, Chris worked extensively on a new program the International Economic Development Council developed called the Economic Recovery Corps. Funded with Cares Act dollars from the Economic Development Administration, 65 ERC Fellows were awarded to 65 hosts from across the county. The Fellows will work full time with their hosts for 2.5 years addressing underserved communities in a variety of economic and community development projects. NC3 was awarded a Fellow to work in Michigan in the start-up and incubator space, adding community investors to capital required by new or expanding businesses. Over the past decade Chris has spoken across the country on the promise and future of community capital, while also working on the ground on donation and investment crowdfunding campaigns with communities and entrepreneurs. Chris is the developer and lead for NC3's Community Capital Accelerator which is now piloting NC3's Diversified Community Investment Fund in large projects in Detroit, Michigan and Cincinnati, Ohio, and expects to see the launch of funds in Rhode Island and Petoskey, Michigan in 2024. In addition, the organization is working on projects in nearly a dozen states. Today, Chris and his wife Joyce own and live in a 170-year-old downtown Adrian building where they renovated the commercial floor for The Buzz Café and Marketplace. Joyce and her business partners opened The Buzz during COVID, after an investment crowdfunding campaign which received investment from 45 investors in 7 different states. When not working on their building renovation, Chris led the team that brought PlaneWave Instruments from California to Michigan, and now serves as their Special Projects Consultant. In that role Chris serves as the primary community and education outreach lead, manages campus arts partners, and works with economic development organizations as well as State and Federal governments to secure resources for PlaneWave. From their headquarters in Michigan, PlaneWave leads the world in the design and manufacture of high-tech observatory class research telescopes.LinkedIn: linkedin.com/company/nc3nowSupport Our SponsorsOur generous sponsors make our work possible, serving impact investors, social entrepreneurs, community builders and diverse founders. Today's advertisers include Startup showcase and supercrowd.tv. Learn more about advertising with us here.Max-Impact Members(We're grateful for every one of these community champions who make this work possible.)Alisa Evans, Mission Enrollment | Brian Christie, Brainsy | Cameron Neil, Lend For Good | Carol Fineagan, Independent Consultant | Eric Coury, Arthia AI | Joey Hayes, thru | John Berlet, CORE Tax Deeds, LLC. | Justin Starbird, The Aebli Group | Ken Steele, Rotarian | Lory Moore, Lory Moore Law | Marcia Brinton, High Desert Gear | Mark Grimes, Networked Enterprise Development | Mike Babbit | Coledger Solutions | Mike Green, Envirosult | Nick Degnan, Unlimit Ventures | Paul Lovejoy, Stakeholder Enterprise | Pearl Wright, Global Changemaker | Scott Thorpe, Philanthropist | Sharon Samjitsingh, Health Care Originals | Add Your Name HereUpcoming SuperCrowd Event CalendarIf a location is not noted, the events below are virtual.Join the SuperCrowd Impact League! You can be recognized for making impact investments via Reg CF. See how your activity compares to your peers. It's free. Win valuable prizes. Start now!Join us for SuperCrowdHour on September 16, 2026, as Devin Thorpe, CEO and Founder of The Super Crowd, Inc., leads “Fuel the Fire: Turning Interest into Investment.” Discover practical strategies for turning curiosity into commitment, keeping prospective investors engaged, building trust, and creating momentum for your crowdfunding campaign. Bring your questions for live Q&A and gain actionable insights to help inspire more people to invest in your mission. Register now for FREE!SuperCrowd Impact Member Networking Session: Impact (and, of course, Max-Impact) Members of the SuperCrowd are invited to a private networking session on October 13th at 8:00 PM ET/5:00 PM PT. Mark your calendar. We'll send private emails to Impact Members with registration details. Upgrade to Impact Membership today!SuperGreen Live is where climate solutions meet the capital and community needed to scale them. This global virtual gathering brings together entrepreneurs, investors, sustainability leaders and changemakers to explore practical solutions for building a greener future. Expect inspiring conversations, innovative companies, investment opportunities and actionable ideas—all designed to help turn climate ambition into meaningful progress. Join the growing community working to accelerate solutions for people and the planet on February 4, 2027. Learn more at SuperGreenLive.org.Visit Our Complete Community Event CalendarIf you would like to submit an event for us to share with the 10,000+ changemakers, investors and entrepreneurs who are members of the SuperCrowd, click here.Manage the volume of emails you receive from us by clicking here.We share educational information—not investment advice. Some links may generate compensation. See our full disclosure.We use AI to help us write compelling recaps of each episode. Get full access to Superpowers for Good at www.superpowers4good.com/subscribe

Scholar, anthropologist and president-in-residence and co-chairperson of the capital campaign for UNCF, Dr. Johnnetta B. Cole shares her thoughts about the state of HBCUs, the fate of Black history at the Smithsonian and her distinguished career. Become a supporter of this podcast: https://www.spreaker.com/podcast/tavis-smiley--6286410/support.

"Warsh really had to do what he was expected to do," says Rebecca Walser on the Fed's decision to hike interest rates by 25 bps. She says the FOMC's goal to reach 2% inflation "will never happen" due to AI hyperscaler CapEx ballooning, making the argument the committee needs a new benchmark. Rebecca explains how she sees the AI "capital wars" playing out in the years to come as Anthropic and OpenAI raise safety warnings. That said, she believes investors need to stay invested in AI-tied stocks. ======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Abdulwahhab Abed, Chief Executive Officer, SEDCO Capital

Anglesey mining, strategic minerals, atlatnic lithium

Is artificial intelligence about to transform agriculture more than any other industry? On Season Seven, Episode Four of The Food Professor podcast, Dr. Sylvain Charlebois and Michael LeBlanc sit down with Aidan Connolly, President of AgriTech Capital and past president of the International Food and Agribusiness Management Association (IFAMA), one of the world's leading voices on agtech and the future of farming.Aidan helped Alltech grow from roughly $25 million to $2.5 billion in revenue and now connects startups, investors and agri-food companies to help innovation scale. He separates agtech hype from real value, explaining why vertical farms, cell-cultured meat and insect farming struggled, and why AI's potential in agriculture may exceed any other sector if the industry can solve its farm data problem. He shares his DRIVE framework for AI adoption and weighs in on data ownership, cooling agtech venture capital, mega-farms and food traceability. Then he ranks countries on an S-to-D agtech tier list. Find out why Canada earns a B, Israel an A, and what Canada can learn from the Netherlands and New Zealand. You'll also hear Aidan's magic-wand fix for turning Canada into an agri-food superpower.In the news, Michael and Sylvain unpack a good week for Canadian agri-food policy. Canada's investment summit focused on energy and infrastructure. Even so, Farm Credit Canada's $1 billion project financing initiative, $150 million in agri-food capital and a new productivity tax break for small and medium-sized businesses could help farmers and food processors invest in automation and R&D. Sylvain argues a more productive, competitive food sector is Canada's best answer to U.S. tariffs.The hosts also weigh EU associate membership, the CETA payoff for Canadian cereal exports to Europe, and why Canada should say "yes to all" trading partners. Agriculture makes up just 1.9% of Canada's growing trade with China, while Chinese tariffs on Canadian peas add uncertainty.On grocery prices, food inflation has eased to 2.8%, but prices are up 28.9% since September 2021. Sylvain explains why food price volatility is the real enemy, with Canada logging 17 month-to-month drops in five years, the most in the G7. They also cover beef imports up 13%, with Australia and Brazil gaining, easing cattle prices, and why high diesel costs could add 0.4 percentage points to food inflation this winter.Plus: the return of Yves Veggie Cuisine under Maple Leaf Foods, crisis communication lessons from the Taylor Farms outbreak and the Silk recall, why the CFIA should declare when a recall is over, and a fun Dairy Farmers of Canada pop-up café on Toronto's Queen Street.Like, subscribe and share The Food Professor for weekly insights on food prices, agtech, trade and Canadian agriculture, and watch the full video episode now on YouTube. About UsDr. Sylvain Charlebois is a Visiting Professor in Food Policy and Distribution at McGill University and a Professor in Food Distribution and Policy in the Faculty of Management at Dalhousie University in Halifax. He is also the Senior Director of the Agri-food Analytics Lab, also located at Dalhousie University.Known as “The Food Professor”, his current research interest lies in the broad area of food distribution, security and safety. He is one of the world's most cited scholars in food supply chain management, food value chains and traceability with over 775 published peer-reviewed journal articles. Dr. Charlebois is also an editor for the prestigious Trends in Food Science Technology journal. He co-hosts The Food Professor podcast, discussing issues in the food, foodservice, grocery and restaurant industries and which is the most listened Canadian management podcast in Canada. Every year since 2012, he has published the now highly anticipated Canadian Food Price Report, which provides an overview of food price trends for the coming year. Furthermore, his research has been featured in several newspapers and media groups, nationally as well as internationally. He has testified on several occasions before parliamentary committees on food policy-related issues as an expert witness. He has been asked to act as an advisor on food and agricultural policies in many Canadian provinces and other countries.With extensive experience collaborating with businesses, governments, and NGOs, Dr. Charlebois combines academic rigor with practical expertise, making him one of the most influential voices in the global agri-food landscape. His work continues to advance the understanding of food systems, fostering innovation and resilience in a rapidly evolving industry. In 2025, he received the prestigious Charles III medal recognizing his tremendous work in informing Canadians about food issues. Michael LeBlanc is a senior retail advisor, keynote speaker and media entrepreneur. Michael has delivered keynotes, hosted fire-side discussions hosted senior retail executive on-stage in 1:1 interviews worldwide. Michael produces and hosts a network of leading retail trade podcasts, including The Remarkable Retail Podcast, The Voice of Retail, The Food Professor, The FEED powered by Loblaw and the Global eCommerce Leaders podcast. He has been recognized by the National Retail Federation (NRF) as a global Top Retail Voice for 2025 and 2025, and continues to be a ReThink Retail Top Retail Expert for the fifth year in a row.

+++ Alle Rabattcodes und Infos zu unseren Werbepartnern findet ihr hier: https://linktr.ee/capital_podcast +++ Das Düsseldorfer Hotelportal Trivago hat sich von einem tiefen Einbruch erholt und legt beim Umsatz inzwischen deutlich zu. „In den letzten sechs Quartalen haben wir zweistelliges Wachstum gehabt“, sagt Trivago-Chef Johannes Thomas im Capital Wirtschaftspodcast. Das war deutlich über dem Markt.“ 2025 hatte das Unternehmen erstmals seit langem wieder einen Nettogewinn ausgewiesen. Trivago ist eine Metasuchmaschine, auf der Preise von Unterkünften und Buchungsportalen wie Booking verglichen werden können. Für eine Reisebuchung kassiert das Portal eine Gebühr vom jeweiligen Anbieter. Damit die Nutzer auf die Seite gelockt werden, investiert Trivago Hunderte von Millionen Euro in Werbung, für die als zentrale Figur schon vor längerem der Fußballtrainer Jürgen Klopp engagiert wurde. Als Klopp nach der WM neuer Bundestrainer wurde, steigerte dies seine Werbewirkung noch. „Jürgen Klopp ist für uns als Marke auf jeden Fall ein Gewinn“, sagt Thomas, für den wichtig ist, dass die Kunden direkt auf die Plattform kommen: „Wir haben die Abhängigkeit von Google reduziert.“ Der Trivago-Chef beschreibt im Podcast, wie sein Unternehmen künstliche Intelligenz nutzt um Kosten zu senken. Und er berichtet, welche Länder im Jahr 2026 die stärksten Einbrüche bei Hotelbuchungen erlebten. Eine Produktion von RTL+ Podcast.Host: Nils Kreimeier.Redaktion: Lucile Gagnière.Produktion: Andolin Sonnen. +++Weitere Infos zu unseren Werbepartnern finden Sie hier: https://linktr.ee/diestundenull +++60 Tage lang kostenlos Capital+ lesen - Zugriff auf alle digitalen Artikel, Inhalte aus dem Heft und das ePaper. Unter Capital.de/plus-gratis Dieser Podcast wird vermarktet von Julep Media: sales@julep.de Wir verarbeiten im Zusammenhang mit dem Angebot unserer Podcasts Daten. Wenn Sie der automatischen Übermittlung der Daten widersprechen wollen, melden Sie sich hier: datenschutz@julep.de

Shoot Us A Message!How P&C insurance agency owners can adapt to modern technology, evaluate emerging risk, and strengthen client retention to scale their business.In this episode, we discuss the changing landscape of insurance technology, managing risk profiles, and maintaining strong relationship-driven service. Learn how to implement sustainable agency growth systems and streamline your operations in a shifting market. If you are looking to scale your agency systems and processes, check out the Agent Elite community and the Million Dollar Agency book.Key Takeaways and Timestamps00:00 The Unexpected Acquisition Journey02:59 SageSure: A Deep Dive into the Company05:56 The Path to Insurance: A Personal Story08:59 Connecting Insurance and Financial Markets11:58 The Birth of SageSure14:53 Organic Growth and Strategic Decisions17:47 Maintaining Momentum in a Competitive Market21:10 Lessons Learned from Challenges24:09 Investing in Technology for Growth27:02 Understanding the Homeowners Insurance Market30:35 Understanding the Cost of Capital in Insurance36:06 The Role of Reinsurers in the Insurance Market41:28 Challenges in the California Insurance Market46:15 The Evolution of Insurance Agents and Technology57:25 The Future of Insurance: Technology and RelationshipsThe Insurance Dudes ResourcesJoin the Agent Elite: https://www.skool.com/agenteliteBest Seller: https://MillionDollarAgencyBook.comInsurance Dudes Files: https://blog.theidudes.comTeamIQ: https://teamiq.theidudes.comTelefunnel Lead Callers: https://theidudes.comILB: https://insuranceleadbrokers.comInsurance Agency Trader: https://trader.theidudes.comIf this helps, subscribe and hit the bell so you can catch every episode.Follow UsFacebook: https://www.facebook.com/theinsurancedudesLinkedIn: https://www.linkedin.com/company/the-insurance-dudes-podcastInstagram: https://www.instagram.com/insurancedudespodcastSupport the showHey there! Thank you for listening! We'd be SUPER GRATEFUL for a subscribe!And a review over on the Apple Podcasts would be incredible!Check out our newsletter, webinar, and some great Internet Lead tactics at The Insurance Dudes Homepage.We appreciate you!Craig Pretzinger & Jason FeltmanThe Insurance Dudes

Smart investors still make expensive mistakes, and surprisingly often, the problem begins inside their own heads.   We like to believe that our investment decisions are based on facts, careful analysis and rational judgment. Yet cognitive biases quietly shape which facts we notice, which risks we dismiss and which stories we choose to believe.   They encourage property investors to follow the crowd, cling to underperforming assets, chase yesterday's winning markets and become more confident precisely when they should be more cautious.   Louise Bedford – "The Money Chick" recently interviewed me about the psychology behind these decisions and the cognitive biases that quietly influence property and share-market investment decisions.   We examine how confirmation bias encourages investors to seek supporting evidence while ignoring information that challenges their preferred conclusions.   I explain why sunk cost fallacy can keep people holding underperforming properties instead of recognising their opportunity cost.   Louise and I explore how loss aversion, recency bias and anchoring can distort decisions during market uncertainty and changing property cycles.   We discuss practical ways to improve investment judgement, including using strategic plans, seeking disconfirming evidence and inviting experienced people to challenge your thinking.   Takeaways   • Cognitive shortcuts can distort otherwise intelligent investment decisions • Confirmation bias makes selective research feel genuinely rational • Strategic property plans reduce emotionally driven investment commitments • Sunk costs can prolong ownership of poor-quality assets • Small losses may become much larger financial mistakes • Quality properties deserve patience through normal market cycles • Poor assets turn patience into expensive denial • Recent market trends rarely predict permanent future conditions • Leading fundamentals matter more than short-term property headlines • Independent advisers can expose blind spots before costly decisions   Chapters   • 02:44 - Why intelligence cannot prevent investment bias • 03:34 - Confirmation bias and selective property evidence • 12:19 - Distinguishing patience from investment denial • 17:06 - How recency bias distorts market expectations • 25:26 - Overconfidence, humility and disciplined investing   Links and Resources:   Answer this week's trivia question here - www.PropertyTrivia.com.au ·        Win a hard copy of Negotiate Influence Persuade. ·        Everyone wins a copy of a fully updated property report   Michael Yardney – Subscribe to my Property Update newsletter here   Get the team at Metropole to help build your personal Strategic Property plan. Click here and have a chat with us.   Louise Bedford – The Money Chick https://www.tradinggame.com.au/about-us/louise-bedford/   Talking Trading Louise's podcasthttps://www.tradinggame.com.au/why-choose-us/in-the-press/   Get a bundle of eBooks and Reports at: www.PodcastBonus.com.au      Also, please subscribe to my other podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.   About The Michael Yardney Podcast | Property Investment And Wealth Creation  Australia   The Michael Yardney Podcast is one of Australia's leading property investment podcasts, helping investors understand the Australian property market and build long-term wealth through strategic property investing.   Each week we explore: • Australian property market updates• Property investment strategies in Australia• Melbourne property market trends• Sydney property market forecasts• Brisbane property investment opportunities• Capital growth property strategies• Property cycles in Australia• Negative gearing and tax strategy• Interest rates and their impact on property• Buyer's agent insights and investment planning   If you're serious about building a high-performance property portfolio and creating financial freedom through real estate, this podcast will give you the clarity and strategy you need.   Learn more at:https://propertyupdate.com.auhttps://metropole.com.au

Investor Q&A: Garden Suites, Ontario Real Estate, Exit Plans & More Today's episode of the Canadian Real Estate Investing Morning Show is a full investor Q&A. Wayne and Gabby answer questions live from Canadian real estate investors about: How to eventually exit a real estate portfolio Capital gains and tax planning When to use a financial planner Ontario real estate investing Variable vs fixed mortgage rates Corporations and rental properties Saskatchewan real estate Garage door replacement costs Assignment deals Edmonton garden suites And how investors can use education to recognize opportunities faster The biggest theme throughout today's show is simple: Ask better questions, get better information, and keep moving forward. What Does an Exit Plan From Real Estate Look Like? Craig asks: What is a realistic exit plan when you're done investing in real estate? Or are you ever actually done? Wayne's answer depends heavily on what the investor wants next. Some investors may want to: Sell everything Convert the portfolio into cash Move into lower-maintenance investments Create retirement income Keep real estate but simplify Hand assets down to family Continue holding for cash flow If the plan is to fully liquidate, Wayne recommends building the plan with the right professionals before selling. That could include: An investor-focused accountant A qualified financial planner A wealth-planning professional A real estate coach who understands long-term portfolio planning The key is knowing what the money is supposed to do after the properties are sold. Don't Forget the Tax Bill Wayne emphasizes that investors should not assume every dollar from a property sale becomes spendable cash. There may be: Capital gains tax Capital cost allowance recapture Legal fees Realtor commissions Mortgage discharge costs Other closing costs If you sell several properties at once, those tax implications can become significant. Talk to an investor-focused accountant before liquidating so you know what your actual net proceeds will be. Selling Is Easy. Planning What Happens Next Is Harder. The mechanics of selling real estate are relatively straightforward. Hire the appropriate broker or realtor. List the properties. Sell them. The harder part is deciding what happens to the capital afterward. If somebody sells a portfolio and ends up with several million dollars, they need to know whether that money is intended to: Grow. Generate income. Preserve wealth. Fund retirement. Support family. Or move into another investment vehicle. The answer should be based on the investor's goals, not a generic product recommendation. Be Careful Who You Take Financial Advice From Wayne also warns investors to be cautious with titles like: "Wealth planner." "Investment strategist." "Financial expert." A title does not automatically mean somebody has real experience. Make sure the person has actual qualifications and understands what you are trying to accomplish. The goal should be building the right plan, not simply moving your money into whatever product that person happens to sell. Kyla and Fabian Complete Their First Assignment Deal Kyla shares a big win during the live show. She and Fabian recently completed their first wholesale assignment. The deal came through a lead-generation system they originally built to find properties for their own fix-and-flip business. Normally they would have purchased the property, renovated it, and sold it. Instead, they recognized a different opportunity. They assigned the contract to another investor for: $10,000. No renovation. No construction risk. No holding costs. No resale risk. Just fast cash. Wayne explains that this is exactly what happens when investors understand multiple strategies. As Barry McGuire says: "If you understand the strategies, you recognize the opportunities." Pivoting vs Giving Up Wayne also talks about why he generally dislikes the word "pivot." Too often, people use "pivot" to describe quitting when something gets difficult. They start moving toward one goal. Hit resistance. Then change direction. Hit resistance again. Change direction again. Eventually they never reach any destination. That is different from recognizing a genuinely better path. Kyla and Fabian were not abandoning their business. They recognized that assigning the contract produced a faster, easier return with less risk. That is not quitting. That is making a better business decision. Garage Door Replacement Costs A live viewer asks about the rough cost of replacing a garage door. Wayne estimates approximately: Single garage door supplied and installed: $2,000–$2,700 plus applicable tax Insulated double garage door supplied and installed: Approximately $2,700–$3,500 plus applicable tax Labour-only costs may vary significantly by contractor and location. These are rough estimates and should be confirmed locally. Would Wayne Invest in Ontario? Another listener asks: What do you think about Ontario real estate? Would you invest there? Wayne's short answer: He has researched it. But he does not personally want to operate a rental-property business there. The biggest issue is not necessarily the individual property. It is the regulatory environment. One of Wayne's core investment fundamentals is investing in a jurisdiction that supports the operation of the business. If the landlord and tenant laws create too much operational risk, that can be enough for Wayne to move on. Real Estate Is a Business Wayne explains the distinction again: He is not simply buying an asset and hoping it goes up in value. He is operating a rental business inside that asset. That means the laws governing the business matter. If the province limits: Rent increases Lease termination Enforcement Non-payment remedies Control over the asset Then that becomes a major part of the investment risk. Ontario Real Estate Is in an "Ice Age" Wayne describes much of Ontario's real estate market as being in an "ice age" right now. That does not mean every market in Ontario is identical. It means affordability has become severely disconnected from property values in many areas. After the pandemic, very low borrowing costs and pent-up demand caused prices to accelerate rapidly. Prices then moved beyond what many households could realistically afford. Now the market needs time to rebalance. Wayne believes the long-term opportunity may return, but affordability, borrowing costs and income all need to move back into a healthier relationship. Garden Suites Explained Another listener asks: How do garden suites work? A garden suite is an additional residential unit built on the same property as an existing house. It can be: Ground-level Above a garage A garage suite A duplex-style garden suite Multiple units, where municipal rules allow The exact rules depend on the municipality. Edmonton's Garden Suite Opportunity Wayne explains that Edmonton currently offers a very unusual opportunity because recent zoning changes allow multiple garden-suite units on certain lots. This allows investors to do something that is not currently possible in the same way in most Canadian cities. Instead of simply building one small backyard suite, investors may be able to create: Duplex garden suites Multiple ground-level suites Multi-unit garage suites Four-plex garden suites Wayne and his team recently completed their first four-plex garden-suite project. Why Wayne Built Edmonton Garden Suites Wayne explains that he began developing this strategy when he saw traditional investment opportunities becoming harder to find. He spent approximately two years working through: Design Zoning Permits Construction Builder selection Cost control Financing Appraisal strategy Rental projections The result became Edmonton Garden Suites. Four-Plex Garden Suites Wayne says the multi-unit model is where the investment economics become substantially more attractive. Rather than building one unit in the backyard, multiple units create much more rental income. Wayne says certain projects may be able to create approximately: $250,000 in equity upon completion with some projects potentially creating even more. He also discusses potential cash flow of more than: $1,500 per month when the right property, development model and financing are used. These results are project-specific and depend heavily on acquisition cost, construction cost, financing, appraisal, rents and execution. Edmonton Garden Suites Is a Limited Window Wayne believes this opportunity exists because of current City of Edmonton zoning rules. Those rules can change. If the city changes the rules in the future, the strategy may no longer be available in its current form. That is why Wayne sees the current period as a window of opportunity. For more information: www.edmontongardensuites.com Should Rental Properties Be Owned in a Corporation? A listener asks: How many rental properties should you own before creating a corporation? Wayne's answer: Zero. For passive rental properties, Wayne generally prefers personal ownership or joint ventures using personal ownership where possible. His view is that corporate ownership often creates less favourable tax treatment for passive rental income. He says corporate ownership can become relevant when an investor can no longer qualify personally or when the structure is required for another reason. Before making any ownership decision, investors should speak with a qualified accountant and lawyer about their specific situation. Variable or Fixed Rates? A listener asks whether they should move out of variable-rate mortgages. Wayne explains that he personally remains in variable mortgages. He does not present that as a recommendation for everyone. The correct financing decision depends on: Risk tolerance Cash flow Portfolio structure Time horizon Future purchases Mortgage terms Personal financial situation Tomorrow's Morning Show will feature investor-focused mortgage broker Keaton Kirkwood to discuss rising fixed rates and how investors can prepare their portfolios. What About Saskatchewan? Wayne says he likes Saskatchewan. He believes Regina and Saskatoon can offer strong real estate and rental fundamentals. But if he compared Saskatchewan with Alberta today, he would still choose Alberta. His reasoning is simple: If two markets are relatively close in quality, Wayne prefers investing in the market that currently produces the strongest overall result. He will continue investing there until that changes. Then he will move to the next market. Tomorrow: Rising Interest Rates Tomorrow's Morning Show will feature: Keaton Kirkwood of Kirkwood & Brennan Mortgage Group The conversation will focus on rising fixed mortgage rates and what real estate investors can do to: Protect cash flow Prepare for renewals Structure financing Continue buying Avoid letting higher borrowing costs derail the long-term plan REI Masters Mentorship Work directly with Wayne and Gabby on acquisitions, financing, market selection, joint ventures, wholesaling, property management, garden suites and building a profitable Canadian real estate portfolio. www.reimasters.ca Edmonton Garden Suites Learn more about Wayne's multi-unit Edmonton garden suite strategy: www.edmontongardensuites.com The 5% Rule™ Learn Wayne Hillier's rental-property cash-flow framework. Search The 5% Rule by Wayne Hillier on Amazon. Watch the Morning Show Join Wayne and Gabby every weekday morning at 7:00 AM Mountain Time on YouTube. Follow Wayne Hillier – Real Estate Investing Coach on YouTube. Questions: info@reimorningshow.com Upcoming Event REI Masters Annual Retreat Edmonton, Alberta October 17–18, 2026 www.reimasters.ca Sponsors Calvin Realty – Edmonton Investor-Focused Realtor Team www.calvinrealty.ca Finngo Bookkeeping & Tax Specialized bookkeeping and tax services for Canadian real estate investors. www.finngo.com/rei Kirkwood & Brennan Mortgage Group Investor-focused mortgage planning for Canadian real estate investors. www.kbmortgages.ca keaton@kbmortgages.ca

In this conversation with Lily Louis Starling, we explore what it would mean to move capital relationally, in alignment with what we find most beautiful and worth protecting. Lily's work with wealth holders, DAF sponsors and wealth advisors begins with values, but quickly opens into a conversation about the whole portfolio: every investment has a material impact, whether we attend to it or not. With an estimated $124 trillion moving to the next generation, the question is not simply where capital goes, but how, through whom and on whose terms. We look at donor-advised funds as flexible sandboxes for rediscovering value, moving resources closer to communities and imagining new forms of risk and return beyond modern portfolio theory and scarcity. From Salmon Returns to the Collective Climate Justice Fund, this is a conversation about overcoming our alienation from the consequences of capital, rebuilding community around money and taking practical steps toward investing in what we genuinely care about.

Sylvain discusses why surging bond yields and a US 10-year government bond yield crossing 5% – fuelled by the AI investment boom's competition for capital – don't have to derail the equity rally and shares views on how to position your portfolio in this environment.Speaker:Sylvain Huard, Head of Asset Allocation, WS Chief Investments Officer, Standard Chartered BankFor more of our latest market insights, visit Market views on-the-go or subscribe to Standard Chartered Wealth Insights on YouTube.

Managing inherited legacy private market portfolios is increasingly complex as allocations grow across private equity, credit, real estate, and infrastructure. This episode looks at the hidden operational and liquidity burden of these assets and outlines decision frameworks to hold, sell, or restructure, emphasizing proactive planning, strong execution, clear governance, and tailored solutions aligned to long-term objectives.Capital at Risk. This content was recorded in August 2026. The views expressed are those of the speaker(s). They are current as of the date of recording and subject to change without notice. Podcast guests may be from firms that Marsh evaluates or rates. Podcast guests may have commercial relationships with Marsh. Notwithstanding any separate relationship between Marsh and a guest, no guest receives direct or indirect compensation for their participation in the podcast. For a description of conflicts of interest related to Marsh's investment business, see Conflicts of Interest. None of the material presented in this podcast is intended as a recommendation or endorsement of any particular investment manager or investment. This is provided for informational and educational purposes only. This does not constitute a recommendation or an offer to purchase or sell any securities. This does not contain investment, financial, legal, tax or any other personalized advice and should not be relied upon for this purpose. The discussion is not tailored to your particular personal and/or financial position. No investment decision should be made based on this information. Certain information may constitute forward-looking statements though there is no guarantee that these results will be achieved. Past performance of any asset class or security is not a reliable indicator of future results. Diversification does not guarantee a profit or protect against a loss. There are substantial risks associated with investments classified as alternative investments. Investors considering alternatives should have the ability, investing sophistication and experience to bear the risks associated with such investments.  Marsh makes no representations or warranties as to the accuracy or completeness of statements or information contained herein and takes no responsibility or liability (including for indirect, consequential, or incidental damages) for any error, omission or inaccuracy. This material should not be copied, distributed, published or reproduced in whole or in part without written permission. A transcript may be provided for your convenience. Marsh is not responsible for any errors in the transcript. © 2026 Marsh.  All rights reserved. Important notices

Luke Laretive joins Adam and Adir to unpack how Seneca approaches active investing, why its small-cap fund uses an unusually aligned fee structure, and where he still sees opportunities in an increasingly passive market. They dig into Australian Finance Group's mortgage and lending business, HMC Capital's brutal repricing, HealthCo and Healthscope, DigiCo, private credit and why the market may be overlooking some very cheap assets.00:00 - Luke Laretive and Seneca16:05 - AFG Deep Dive32:14 - HMC Capital Deep Dive40:11 - HealthCo, DigiCo and Private CreditThis episode was part of a paid partnership with Seneca Financial Solutions. We thank them for supporting the pod and keeping all of our content free.Visit https://senecafs.com.au/ to learn more.Join us on Substack for articles, news and more: https://www.thecontrarianspod.com/

@ongweminerals @ArkleResources @PanAfricanPLC

Confira na edição do Jornal da Record desta terça-feira (15): Assista à entrevista exclusiva do JR com Lula (PT), candidato à Presidência. STF discute pela primeira vez se ministro deve ser investigado após conversas de Moraes com Vorcaro. Sessão do STF que decide se Moraes pode ser investigado começa com ministros decidindo não votar. Ministros discutem se debate que envolve Moraes será feito junto com discussão sobre Mendonça. Capital paulista registra setembro mais chuvoso da história.

On December 7, 43 BCE, a sixty-three-year-old man was carried in a litter down a woodland path near the Italian coast, fleeing soldiers who had been sent to kill him. When they caught up, he ordered his attendants to set down the litter, put his head out, and offered them his neck. They cut it off, along with the hand that had written the fourteen speeches attacking Mark Antony. The head and hand were nailed to the rostra in the Roman Forum, the speaker's platform from which that same voice had held Rome in thrall for nearly four decades. Antony's wife Fulvia took the severed head in her lap, forced open the mouth, and pierced the tongue with her hairpins. The tongue was the weapon that had wounded her husband most. Today's guest is Catharine Edwards, author of Cicero's Tongue: The Life of Rome's Greatest Orator and the End of the Republic. We discuss how a small-town outsider from Arpinum conquered Roman politics with nothing but his voice and was mocked as an upstart for the rest of his life, why the bloodbath of the Marius-Sulla civil wars traumatized a teenage Cicero so deeply that he spent the next forty years trying to prevent it from happening again, and how the trial of the corrupt governor Verres made Cicero the most famous advocate in Rome while revealing the scale of imperial plunder he never fundamentally challenged. We look at why the Catiline conspiracy made him "father of the fatherland" but also planted the seed of his exile, how his fourteen Philippics against Antony were delivered by a man whose lung capacity was failing and who knew the speeches would probably get him killed, and why his fatal miscalculation was betting everything on a nineteen-year-old named Octavian he thought he could control. Edwards argues that Cicero's tragedy is inseparable from the Republic's: a man who believed passionately that persuasion could solve any crisis, confronted by opponents who had discovered that violence was faster.See omnystudio.com/listener for privacy information.

Preparing to hire a high-level fundraiser or campaign manager for your capital campaign? The person you actually need may have a very different job description. In this episode of All About Capital Campaigns, Amy Eisenstein and Andrea Kihlstedt challenge a common assumption about capital campaign staffing and explain how nonprofits can expand their capacity without necessarily adding another senior development professional.The conversation begins with the story of Jersey Community Hospital, a small organization serving a community of approximately 25,000 people. When the organization first approached Capital Campaign Pro, it was considering a $2 million campaign. It ultimately raised more than $5 million while adding just one part-time staff member.That does not mean nonprofits should attempt a campaign without sufficient staff. Instead, Amy and Andrea argue that organizations should think carefully about which responsibilities require senior-level expertise and which can be handled by a capable administrative or development support professional.Capital campaigns require two distinct kinds of help. The first is campaign-specific expertise: strategy, planning, guidance, training, and support from someone who has worked through many campaigns. The second is execution on the ground, including scheduling donor meetings, entering data, preparing reports, managing follow-up, sending acknowledgments, and keeping countless campaign details organized.Many organizations assume they should hire a campaign manager or major gift officer to take over the most important donor relationships. But those relationships usually belong to people who are already part of the organization. The executive director, development director, board chair, founder, and other organizational leaders know the donors, understand the community, and have the credibility required to secure the campaign's largest gifts.That matters because capital campaign fundraising is highly concentrated. Successful campaigns are often made or broken by approximately 20 leadership gifts. Securing those gifts is not a broad-based fundraising exercise. Each prospective donor requires an individual strategy involving identification, cultivation, engagement, solicitation, and follow-up.The right administrative support can free an organization's existing leaders to spend more time with those donors. Other responsibilities, such as grant writing, event planning, or elements of the annual fund, may also be delegated, streamlined, or outsourced during the campaign.Amy and Andrea also address the anxiety many executive directors and development professionals feel about personally leading major gift conversations. Most nonprofit leaders have never raised money at the level their campaign will require. That is where an experienced capital campaign consultant can provide strategy, training, coaching, and the perspective gained from working through many different campaign situations.Listen to learn how to evaluate your existing team, identify the gaps that could interfere with campaign execution, and hire strategically so that your most experienced leaders can concentrate on the donor work that will determine whether your campaign succeeds.Need help determining whether your nonprofit is prepared to staff and launch a capital campaign? Schedule a free introductory call: https://capitalcampaignpro.com/start/Find more episodes of All About Capital Campaigns:https://capitalcampaignpro.com/category/podcast/Subscribe to @CapitalCampaignPro for practical capital campaign guidance, fundraising strategies, and major gift advice.#Fundraising #Nonprofit #MajorGifts #CapitalCampaign

Everybody in senior living is talking about the growth wave. Far fewer people are talking about how it actually gets paid for.Rachel Lynch leads the long term care division at First American Equipment Finance, a bank-owned equipment lessor and subsidiary of RBC. She spends her days inside capital budgets — which means she sees where the money is really going before most of the industry does.In this conversation, Rachel breaks down the three buckets absorbing senior living capital right now, why days cash on hand has suddenly become the metric boards keep circling, and how bond financing and equipment financing complement each other instead of competing. Plus the analogy that reframes the whole thing: would you finance your groceries into your mortgage?If you've ever watched a capital budget quietly disappear into "stuff" — the IT refresh, the furniture, the generator on a rainy day — this one's for you.Resources Mentioned:First American Equipment Finance (a subsidiary of RBC)Rachel Lynch on LinkedInLeadingAge events and conferences Guest Bio:Rachel Lynch leads the long term care division at First American Equipment Finance, a bank-owned equipment lessor and subsidiary of RBC that provides CapEx financing to organizations nationally. Like a lot of people in this field, Rachel will tell you senior living found her rather than the other way around. First American's healthcare team has served hospitals, health systems, and long-term care organizations for more than 25 years, and by 2023 there was a growing consensus internally that senior living had become a niche deserving its own dedicated focus. In the spring of 2024, Rachel said yes to building that practice alongside her colleague Brooke Prieston — and hasn't looked back since.Based in Western New York, Rachel spends much of the year on the road at industry conferences and LeadingAge events, working with nonprofit and for-profit organizations alike. Her favorite part of the job is the conversation before the financing: where is an organization's cash position today, where does it need to be in a few years, and which tools in the capital stack will actually get them there. Connect with Rachel on LinkedIn.

Nékter Juice Bar CTO Jon Asher joins Fast Casual Nation hosts Paul Barron and Cherryh Cansler to break down how AI is reshaping guest personalization, loyalty, and data strategy at the 200+ unit juice bar chain — plus why clean first-party data matters more than any single AI tool.#FastCasual #RestaurantTech #AIinRestaurants #NekterJuiceBar #LoyaltyMarketing #RestaurantIndustry #GuestExperienceBecome a supporter of this podcast: https://www.spreaker.com/podcast/fast-casual-nation--3598490/support.Get Your Podcast Now! Are you a hospitality or restaurant industry leader looking to amplify your voice and establish yourself as a thought leader? Look no further than SavorFM, the premier podcast platform designed exclusively for hospitality visionaries like you. Take the next step in your industry leadership journey – visit https://www.savor.fm/Capital & Advisory: Are you a fast-casual restaurant startup or a technology innovator in the food service industry? Don't miss out on the opportunity to tap into decades of expertise. Reach out to Savor Capital & Advisory now to explore how their seasoned professionals can propel your business forward. Discover if you're eligible to leverage our unparalleled knowledge in food service branding and technology and take your venture to new heights.Don't wait – amplify your voice or supercharge your startup's growth today with Savor's ecosystem of industry-leading platforms and advisory services. Visit https://www.savor.fm/capital-advisory

Japanese investors now own about 6% of the US home-construction market, according to the Wall Street Journal,, and Japan-linked investors have purchased at least $2.1B worth of NYC real estate since 2024. What's clear is that amidst geopolitical volatility and shifting global economic dynamics, cross-border capital flows are changing. Cross-border real estate investment into the United States from Europe and Canada is slowing, while Asian capital activity—particularly from Japan—is increasing. So what does that mean for other investors in US commercial real estate? In this episode of the AFIRE Podcast, host Gunnar Branson checks in with two experts on Asian capital from Cushman & Wakefield: Gordon Marsden, the firm's head of global capital, APAC & EMEA, and Marc Royer, the firm's managing director, global capital advisory. Together, they explore the key drivers behind Asian capital deployment in US property markets. They discuss some of the attributes that differentiate Japanese investment strategies relative to those of other countries. And they describe how Japanese investors navigate currency volatility and structural changes, as well as the evolving sophistication of Asia-Pacific institutional investors. LINKS Japan Is Placing a Multibillion-Dollar Bet on the U.S. Housing Market: Wall Street Journal https://www.wsj.com/real-estate/japan-is-placing-a-multibillion-dollar-bet-on-the-u-s-housing-market-2ced2a01 Why Japanese Capital Is Moving Into U.S. Real Estate Markets: America Mortgages https://www.americamortgages.com/japanese-moving-into-us-real-estate/ Japanese investors rush to buy NYC multifamily: The Real Deal https://therealdeal.com/new-york/2026/04/29/japanese-buyers-become-driving-force-of-nyc-multifamily/ To hear the globe's top experts discuss opportunities in US property markets, register for future AFIRE conferences: https://www.afire.org/events/ KEY MOMENTS 00:00 Introduction 01:09 Japanese Capital in US Markets 03:45 Evolving Investment Models 05:35 Structural Capital Origins 07:32 Demographics and Diversification 08:35 Knowledge Acquisition Strategies 09:19 Managing Currency Volatility 13:08 Long-Term Portfolio Allocation 14:55 Relationship-Driven Investing 18:00 Regional Investor Sophistication 21:02 Asia-Pacific Regional Investment Trends 24:48 Shared Market Lessons 27:12 Common Investor Misconceptions 30:23 Regional Infrastructure Demand 33:02 Future Outlook DISCLAIMER The publisher of the AFIRE Podcast is not engaged in providing tax, accounting, or legal advice through this publication. No content published in the AFIRE Podcast is to be construed as a recommendation to buy or sell any asset. Some information included in the AFIRE Podcast has been obtained from third-party sources considered to be reliable, though the publisher is not responsible for guaranteeing the accuracy of third-party information. The opinions expressed in the AFIRE Podcast are those of its respective contributors and sources and do not necessarily reflect those of the publisher.

Keith welcomes back macroeconomist Richard Duncan of Macro Watch to examine where mortgage rates are headed and what's driving them there.  Duncan explains how the U.S. shifted from capitalism to what he calls "creditism" after the dollar left gold in 1971, and why today's AI investment boom, rising defense spending, and a $40 trillion national debt are all pointing inflation and interest rates in the same direction.  He also makes the case for rental property on land as a long-term inflation hedge, and answers a question many have asked: if the government can print currency, why does it collect taxes?  Episode Page: GetRichEducation.com/623 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  FAMILY to 66866  Join Mid South Home Buyers' one-time, free live webinar featuring Keith Weinhold on September 30 at GetRichEducation.com/MidSouth to learn how Memphis' economic expansion could create new real estate investment opportunities, and have your questions answered in real time. Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE. I'm your host Keith Weinhold. You're going to get a good idea of where future mortgage rates are headed as we're talking to one of the world's most brilliant macroeconomists today. Will AI be more inflationary or deflationary? And the profundity of how we're on the brink of moving into a completely new economic system today on Get Rich Education. What if I told you that one of America's strongest cash flow real estate markets is also becoming the new brains and brawn behind AI? That city is Memphis, believe it or not. In September 30th, we're going to show you why the smart money is paying attention now, along with an investing opportunity you won't want to miss. Join me, Terry Kerr and Matthew Van Horn of Mid South Home Buyers, the largest turnkey company in Memphis with more than 6000 homes under management, for a free live webinar the likes of which I've never done before. We're going to look at what billions in new investment could mean for jobs, housing demand, neighborhood appreciation, and your portfolio. Everyone who attends live will also get exclusive access to the best deal terms Mid South has ever offered. Reserve your free seat at getricheducation.com/midsouth again. that september 30. Don't say we didn't tell you. Save your spot at getricheducation.com/midsouth.   Speaker 1  1:34   You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education.   Keith Weinhold  1:50   Welcome to GRE from Lancaster, Pennsylvania, to Lancaster, California, and across 188 nations worldwide. I'm Keith Weinhold. You're listening to Get Rich Education, and I really appreciate that you're here. Yes, those two cities, though spelled the same, are pronounced differently. Framing this entire episode today with our brilliant guest, you'll learn which direction future mortgage rates are probably going to move, and it's decidedly either going to be higher or lower. You'll get a clear answer. Now I've said that trying to predict mortgage rates definitively is foolish. We're only talking about probabilities today. Look, have you ever wondered if the government can just print its own currency? Then why do they have to collect taxes from us. We're going to get that answer today. Back in 1971, the U.S. economy left a system of capitalism, in fact, and embarked on a journey of creditism as defined by today's guest. Well, now we're about to leave creditism. You'll learn what is poised to replace it, and it is an AI-fueled answer. You know, to prep you with some context today, I've said it here before. But when you start talking about the enormity of a national economy, the words billion and trillion start to get thrown around a lot. A trillion seconds ago, you know how long ago that was. That takes you further back than the Roman Empire, because a trillion seconds is 31,700 years. Well, 31,700 years ago, that is just about as far back as when the plains of Europe were being roamed by Neanderthals. Yeah, that was a trillion seconds ago. Coming up on the show here, the man who wrote the book on the Pareto principle 30 years ago. That's the 80-20 principle, where 20% of your effort yields 80% of the results. We'll talk to him and learn how those insights can improve your life on a different upcoming episode.   Keith Weinhold  4:08   Here, the book Rich Dad Poor Dad was originally written by two authors. One of those two was Robert Kiyosaki. We had Kiyosaki on the show here with us in June, and by the way, the New York Post recently wrote an article, and they cited the Get Rich Education podcast in how Kiyosaki revealed on the show here that he is 1.2 billion dollars in debt. You can find that in the September 1st edition of the New York Post. That's the June 1st episode of the Get Rich Education podcast that they're citing. Well, a lot of people they don't know who the other author of Rich Dad Poor Dad is, but we're going to have her here with us on the show soon. So some really fascinating episodes coming up. Let's meet today's guest. Returning this week is one of the foremost macroeconomic minds in the world. He was this show's first ever guest nearly 12 years ago on episode seven. A prolific author, he publishes the popular video series Macro Watch at RichardDuncaneconomics.com, and he's really influential. For example, not long ago, he presented his economic policy proposals to congressional members of the House Ways and Means Committee. Hey, it's a warm Get Rich Education. Welcome back to the incomparable Richard Duncan.   Richard Duncan  5:39   Thank you, Keith. Thank you for having me back on.   Keith Weinhold  5:42   I don't know if you and the audience are ready for this. This is some perspective. It recently made news when the U.S. hit its national public debt milestone of $40 trillion. When Richard made his GRE debut here in November of 2014, it was $18 trillion. That national debt has more than doubled since you were first here, Richard.   Richard Duncan  6:07   That's right. The government has been playing probably the leading role in keeping the economy growing, and a couple of times since then has played the sole role in preventing a new Great Depression in the aftermath of the crisis of 2008 and during COVID, it's the massive government budget deficits, often more than a trillion dollars a year. Last couple of years, it's been 1.8 trillion dollars. That's been driving the economy, and whenever it needs some additional support, the Fed steps in and creates a few trillion dollars here and there, and combined they've been keeping the economy growing and, in fact, booming. And wealth has absolutely exploded as a result of the government spending and the Fed money creation. In 2008, the total wealth of all the Americans net worth $60 trillion. Now, it's tripled to $180 trillion. That that is a direct result of the government's intervention through budget deficits and paper money creation by the Fed.   Keith Weinhold  7:14   I will call that the world's least desirable investment portfolio minus 40 t. That is one way to think about it, but when you bring up interventionism, you know something I shared with the audience about a month ago, Richard. It is just remarkable to think about all the crises we've had just since 2020. We had COVID, we had Russia's invasion of Ukraine, we had Israel, Gaza. We had tariffs. Now we've got the war in Iran, and what is the result of all this? Largely due to government interventionism. Oh, both the stock market and real estate market in the U.S. are near all-time highs.   Richard Duncan  7:54   Who would have imagined? But things work very differently now than they did in the old days when money was backed by gold, and the Fed and the government played a much smaller role in the economy. It's a different world now. That was capitalism. This is creditism. Our new economic system is driven by credit growth, and whenever necessary, the government steps in with massive budget deficits, and the Fed steps in with massive money creation to make sure that credit keeps expanding and the economy keeps growing, because if credit doesn't keep expanding, if it even dips a little bit like it started to in 2009, then the whole bubble implodes and we repeat the 1930s Great Depression, probably followed by what happened in the 1940s.   Keith Weinhold  8:39   This is interesting. When you were first here 12 years ago. You talked about how society isn't so much capitalism that it's creditism, and you expounded on that. And before we're done, I know that we have now morphed into a new ism, post-creditism that Richard is going to share with us, it's fascinating. But Richard, since you were last here, the Iran War is new. It's been going on for over six months now. So I'd like to get your thoughts on that, and principally, if the Iran War is going to create lasting inflation or only a temporary energy spike. What are your thoughts?   Richard Duncan  9:20   Let's broaden this out. I know that your listeners are very interested in in real estate, and of course that's very impacted by interest rates. And interest rates are impacted, of course, primarily by inflation. So it is true that the Iran war is pushing up energy prices, and that's pushing up inflation. It's not just Iran alone. Before that, we had trade tariffs, and that's pushing up inflation. And on top of that, we've simultaneously got this extraordinary AI investment boom, and the investment by the hyperscalers is just mind-boggling. The four biggest hyperscalers-Amazon, Alphabet, Microsoft, and Meta-they're expected just the four of them to invest something close to $750 billion this year. 750 billion, just four of them. Now, to put that into perspective, the U.S. military, in one year, the most recent year, only spends half that much on procurement and research and development, roughly 320 billion. You've got these four hyperscalers spending twice as much as the U.S. military does on procurement and research and development. That is just hard to wrap your mind around, and of course, that's pushing up everything from the cost of memory chips to electrical equipment, the cost of electricity itself, power generation equipment, and all the kinds of materials that go into building data centers. So that's another source of inflation. And then there is this wealth effect that I just referred to a minute ago. Wealth has tripled from $60 trillion to $180 trillion since 2008. All that wealth is giving a lot of rich people a lot of money to spend on a very large scale, and that also is inflationary. So all of those things are inflationary, and none of them seem to be going away in the immediate future. Now, on top of that, the inflation is not the only thing that is affecting the interest rates. Other things are affecting the interest rates as well. For instance, the budget deficit this year looks like the U.S. budget deficit is going to be quite close to $2 trillion. So that will be $2 trillion of government borrowing, and this doesn't look like it's going to go down anytime soon either. President Trump is requesting $1.5 trillion for the total defense budget in fiscal year 2027, which starts in October. That's up from just $900 billion in fiscal year 2025, so that's a huge increase in military spending, which makes the percent-   Keith Weinhold  9:20   Increase plus, y   Richard Duncan  10:52   Going to keep growing, and that spending will be inflationary as well. But so the government is going to have to borrow, so the demand for money from the government is enormous, and as I've just mentioned, because of the AI boon, the hyperscalers and many of the other companies in the AI industry or related to the AI industry, they're also tapping the bond market on a very large scale. So demand for borrowing from these AI-related companies, the demand is pushing up interest rates. This is not directly related to inflation, so you've got a lot of demand for borrowing from the government and from the private sector related to artificial intelligence primarily. So that's on the demand side for money, and on the supply side, well, the United States is not making a lot of new friends these days. We seem to be losing friends pretty quickly, and many of the people who were very enthusiastic about buying American government bonds in the past are becoming increasingly reluctant to do so. Most of them still are. Most of them don't really have any viable options, but on the margin, there are fewer friendly buyers of our debt, and so fewer people willing to buy the debt also puts upward pressure on U.S. interest rates. So recently, the 30-year U.S. government bond hit a 19-year high at 5.33% That's a very high number, and this has spooked the Treasury Department. Treasury Secretary Besant has begun doing some very unusual things that suggest that he's very concerned. He has helped stop the yen from weakening by selling some euros that the U.S. government owned and buying yen. He did this to make the yen stronger, and this meant that Japan wouldn't have to sell its U.S. government bonds in order to have dollars to use to buy yen to make the yen stronger. So that was a strange move.   Richard Duncan  9:20   And then more recently, he's announced that the Treasury Department is going to start buying twice as many long-dated bonds as it has been doing. Each operation now, the Treasury Department has been buying $2 billion worth of bonds at the long end and financing it with short-term borrowing. So borrowing at the short end, the say two-year bonds, which have a much lower interest rate, and using that money to buy 10 or 30-year bonds that have a higher interest rate, in order to push up the bond prices and push down the bond yields at the long end, to try to hold down the 30-year bond yield and the 10-year bond yield, which of course directly affects the mortgage. This is beginning to seem like there's some degree of, well, let's call it perhaps not panic, but deep concern in the Treasury about how high interest rates in the U.S. are going, and just moving forward with this idea, all of these pressures, the inflationary pressures are not likely to go away anytime soon. The demand for borrowing is not going to go away anytime soon. So there's going to continue to be this upward pressure on interest rates. And I think ultimately, what we are going to see is another big round of quantitative easing from the Fed. The Fed is going to have to step back in and announce that it's going to create a great deal of money one more time, and use that money that it creates to buy government bonds to push up their price and to drive down their yield. And we shouldn't forget that already the Fed is currently printing, creating money. It launched a new program. What is it called? Reserve management purchases. This was a program they announced in December last year, where they were just going to create some money and inject bank reserves into the financial system, so that they could manage reserves at a good level, so everyone would have plenty of liquidity. Just since December, they have created $210 billion. This is kind of going under the radar, but $210 billion since December is not an insignificant amount of money.   Richard Duncan  14:49   If the budget deficit this year turns out to be 2 trillion, then that's financing 10% of the government's budget deficit, right? More than 10% So we've already got a significant amount of money creation by the Fed going on currently, and that's not enough to prevent the yields from moving sharply higher. So I think what we're going to get is another much bigger round of quantitative easing in the not too distant future, and that's going to have a lot of ramifications.   Keith Weinhold  17:00   That's a really interesting insight, and Richard, one word keeps popping into my head as we have this discussion. Okay, inflationary pressure correlates with higher interest rates, sure, but how much are these high bond yields, which flow right over to our mortgage rates, a result of an erosion in trust. I'm thinking about trust   Richard Duncan  17:24   to some degree, yes, but not overwhelmingly. The reality is, at the end of the day, there is a certain amount of money in the world that has to be invested somewhere, and that is the most important fact to understand. There is a pool of money; it keeps getting larger, and it has to go somewhere. And U.S. government bonds are considered the safest place for it to go. For instance, the United States has a very large trade deficit with the rest of the world. For the last two years, the current account deficit, which is more or less the trade deficit, has been 1.2 trillion dollars a year. It's easier to understand it as a trade deficit. That's been throwing off 1.2 trillion dollars into the surplus countries. The surplus countries sell things in the United States, countries like China and Vietnam and all the others. They sell things in the United States that they make at home. They get paid in dollars. They take their dollars back home to China and Vietnam and all the other countries, and what do they do with the dollars? They own dollars. They've got to do something with those dollars. They're getting 1.2 trillion more dollars every year. Now, the thing they do with it primarily is they buy treasury bonds with it, and so there is an inherent and growing demand for treasury bonds. You may be thinking, okay, they could take those dollars and they could convert them into euros. That's true, they could, but whoever they buy the euros from, they then own dollars, and they would need to buy U.S. dollar-denominated assets with them. The main driver behind the buying of Treasury bonds is just the fact that there are so many dollars in the world, an increasing amount of dollars outside the United States that need to be invested in U.S. dollar-denominated assets. People can lose confidence in "quote unquote, but what are they going to do with their dollars? It has to go somewhere, and so it ultimately ends up going round and round, and an enormous amount of it ends up in U.S. Treasury bonds, and that's not going to change so long as the U.S. has a very large trade deficit with the rest of the world. The rest of the world is going to keep accumulating dollars for that reason, and they're going to keep accumulating Treasury bonds for that reason.   Keith Weinhold  19:44   Well, what do these effects mean for real estate, Richard? I mean, which force you think will ultimately win for housing here with this increased inflationary pressure? Is it more of a damaged affordability problem, or do we see rising? Placement costs that continue to help float real estate values up.   Richard Duncan  20:05   Real estate prices, home prices, have not been performing very well over the last year to two. Pretty flat, unlike in prior years, immediately after COVID when they were booming. I suppose that's what we're going to continue to see for some time. If interest rates remain high, the affordability is not there. But if we do get this new round of quantitative easing, which I think is a real possibility, then that will effectively push down the interest rates, making home affordability better. And at the same time, by creating more money, that does push up asset prices across the board. So over the long run, I do believe that real estate is a very good investment, and also it can be a very good investment from the point of view of providing diversity in your portfolio. I'd like to focus in particular on it can be an inflation hedge. So, if you buy a house and use a say a 30-year fixed mortgage, and then we or a 15-year fixed mortgage to pay for a significant part of that purchase, and then we do get inflation, then the inflation eats away your mortgage. Your mortgage evaporates because of the inflation, so in that way you're somewhat protected from the risk of future inflation by having inflation destroys your debt. In other words, so that helps. So I do believe that buying houses, I think rental income is a very good investment, particularly houses on a piece of land buy the house with a fixed rate mortgage. You rent out the house, and over 10 to 15 years, the house pays for itself, and it keeps appreciating in value over time. Decade after decade, it will become increasingly valuable over the long run, and you'll have also a supply cash flow, and you'll have this inflation hedge that I just described. So I think owning rental property that is on land, I'm not so keen on buying condos. There's no limit as to how many condos can be built in the air, but there is a limited amount of land in the world, and so land is as good as gold because if gold goes up; the land will also go up for the same reasons. So I think owning rental property is a very important part of having a broadly diversified portfolio, which is usually the best thing for most people to do to have a broadly diversified investment portfolio.    Keith Weinhold  22:37   Yeah, in this era of both war and increased interventionism, yeah, we still have a resource here, real estate that is scarce, that is necessary, and is built with this basket of goods and commodities constituting that replacement cost.   Richard Duncan  22:53   I agree.   Keith Weinhold  22:55   Well, Richard and I have a lot more to talk about when we come back, including what phase of the economy that we're in post-creditism and a lot more. You're listening to Get Rich Education. Our guest is the publisher of Macro Watch, Richard Duncan. I'm your host, Keith Weinhold.   Keith Weinhold  23:12   What if you got your mortgage loans the same place I get mine? You sure can at Ridge Lending Group NMLS 42056. 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Every investment carries risk, and nothing is guaranteed. But with a track record of consistent, on-time investor payouts, they built real credibility. Go to freedomfamilyinvestments.com to book a clarity call, or text family 266866. That's family 266866.   Robert Helms  24:44   Hey everybody, it's Robert Helms of the Real Estate Guys Radio Program. So glad you found Keith Weinhold and Get Rich Education. Don't play your daydream.   Keith Weinhold  25:04   Welcome back to Get Rich Education. I'm your host Keith Weinhold. We're talking with Richard Duncan. Check out him and his work at RichardDuncanEconomics.com. So much interesting stuff has happened in the macroeconomic world since we last had him here with the Iran War, with the AI arms race heating up, and with hitting that milestone of $40 trillion in total public national debt. Which, by the way, that $40 trillion-that is more than the combined debt of Germany, Japan, France, Italy, the UK, and Canada. That's basically the entire rest of the G7 just to try to get your head wrapped around that $40 trillion number, and you know, Richard, when it comes to the government, their income and their expenses and their assets in their debt, some wonder, including me, if the government can just print its own currency, then why must they collect taxes from us?   Richard Duncan  26:04   Okay, well, to understand the answer to that question, it's necessary to understand that it wasn't always possible for the government to print its own currency. Up until 1968, 1971, the Fed was legally required to back the dollars it created with gold, and the United States had the obligation to allow other countries to convert the dollars they accumulated into U.S. gold. So up until then, that wasn't a possibility for the government to finance its spending by money printing. And so, over the centuries that preceded, the government would tax the people to obtain the money that it needs for spending. So imagine today: here we are. The government now is spending about $7 trillion a year, and its tax revenues are about $5 trillion a year. So if it suddenly said, "Okay, we're not going to tax anyone anymore, that would mean that people would have an extra $5 trillion to spend, and if the people started spending $5 trillion, we would have hyperinflation, because there's only a limited amount of industrial capacity in the United States, or even in the world for that matter. It couldn't absorb a $5 trillion of additional spending from households and businesses, so it's not that they can't technically create the money as much money as they want to pay for everything they want. The constraint is not money creation technically; it's the inflation that it would produce if they just stopped taxing everyone and just created money instead. So that's the reason they can't.   Keith Weinhold  27:46   Just slowly taper it away and give people some income tax relief. Why can't they do that?   Richard Duncan  27:52   Well, that's what they've been doing. Taxes are far lower now than they were under when President Reagan took office, and that's one of the reasons we have $40 trillion in debt.   Keith Weinhold  28:03   Okay, but that is how the income and expenses look on an annual basis, right, Richard? This is how I think of it. Like the United States basically has 5 trillion in annual income, much of it from personal tax collection, and 7 trillion in annual expenses. That's how we get to the annual deficit of about 2 trillion, which rolls into that $40 trillion of overall debt.   Richard Duncan  28:30   That's right. What you said is correct. But we would have much more than $5 trillion income from taxes had the government not reduced the tax rate so often and so radically, starting in the early 1980s under President Reagan, if taxes hadn't been cut so sharply, we wouldn't have a two-trillion-dollar budget deficit, $40 trillion of government debt. So they've already been tapering the amount that they tax by cutting tax rates very sharply over the last decades,   Keith Weinhold  29:02   I guess a lot of people, admittedly me included, haven't been thinking about it that way. Maybe because it's painful, and I do write checks to the IRS. But when we talk about this propensity for continued inflation, one component of this is what's happening with the AI arms race, and I know you've looked at this closely. You know, because one thing I think about is, well, wait, will the AI arms race actually be deflationary over time because it lowers production costs and makes us more efficient, or is it going to be inflationary because it requires enormous capital and electricity and infrastructure in the building of these data centers. So you know I can see it going either way with the AI arms race, inflationary or deflationary. But since you studied it a lot, including talking about it on macrowatch, tell us more about the AI arms race and what this all means, Richard.   Richard Duncan  29:59   So yes. On your point that you just made, in the short term, it looks like the AI boom is going to be inflationary. Yeah, it's driving up electricity prices, land prices, and all of the things that we discussed before. Everything that goes into making artificial intelligence intelligence, including memory chips, which drive up the cost of your iPhone and iPad. So it's inflationary in the short run, but over the long run, it could probably and probably will be quite disinflationary or even deflationary. I think that's several years away. Now, moving on to the next question, the AI arms race. I think it's very helpful to understand the world around us by putting it in the context of how our economic system has evolved since dollars ceased to be backed by gold. 1968, the Fed was no longer required to back dollars with gold. 1971, President Nixon said, "Sorry, Europe, we we said we would let you convert your dollars into gold, but we changed our mind and you can't. So after that, there was no longer any gold backing for the dollar, and here are a list of things that have happened as a result of that change. Our huge trade deficits couldn't have happened if the dollars were backed by gold. The huge budget deficits that we have couldn't have happened. The Fed couldn't have created trillions of dollars through quantitative easing. Inflation rate has fallen from the 1980s, from the the mid teens to well below the Fed's 2% inflation target for most of the last 20 years, and wealth in the United States has exploded, as I mentioned, from 60 trillion to 180 trillion. That wouldn't have happened if dollars had remained backed by gold because credit has exploded. Total debt or total credit, two sides of the same coin. Total debt in the U.S. It's government debt, household debt, corporate debt, Fannie Mae, Freddie Mac debt, all the debt. It first went through $1 trillion in 1960. Now it's 110 trillion. So 110 times increase in my lifetime in total debt. That wouldn't have happened if dollars had remained backed by gold, and because of all of that credit expansion and the massive trade deficits we had with the rest of the world through globalization occurred, and that allowed Asia to industrialize, and Asia wouldn't be industrialized as it is now. China wouldn't be an economic superpower as it is now had dollars remained backed by gold, because it wouldn't have been able to grow through export-led growth. And so, China, instead of looking like it does today, it would look like it did in 1970, basically being a very poor third world country, and globalization has pulled hundreds of millions of people out of poverty.   Richard Duncan  32:47   They would still be in poverty had dollars remained backed by gold. The Soviet Union probably would still be around because the U.S. under President Reagan wouldn't have been able to to spend so much on the military that it bankrupted the Soviet Union trying to keep up with us, and finally, China wouldn't be the national security threat that it's become now because it wouldn't have had a trade surplus and it wouldn't have had any economic growth to speak of for the last 50 years. That's the world that we're living in now. The world we live in now is the direct result of dollars no longer being backed by gold, and to understand the world around us, you have to understand that that's the starting point. Now, coming to your question, this explosion of wealth that has been created under the system that I call creditism-we did have capitalism. It was driven by saving and investment, Capital accumulation, hence capitalism and investment that drove capitalism. That's not how our system works. Our system is driven by credit creation and consumption, and more credit creation and more consumption. That's creditism. It used to be driven by private sector credit growth, but the private sector became too heavily indebted in 2008, and they blew up, and that almost resulted in the complete collapse and bankruptcy of every bank in the United States and probably most of the banks around the world as well. So the government had to step in, and since that time, it's been government borrowing primarily.   Richard Duncan  34:17   This driven creditism and kept credit expanding with the help of the Fed, so this has been the evolution of creditism and has produced extraordinary amounts of wealth. So it's had two consequences that we need to focus in on now. For one, I've mentioned already, it turned China into an economic superpower, which is now on the verge of overtaking us, not just economically, but also technologically and militarily, it's become an extreme national security threat to the United States. But the second thing that has occurred, the creation of all of this wealth has provided the funds that have allowed a. Technological revolution to occur so quickly, this AI revolution that we're now living through, that is the direct result of the ample liquidity that has been created and flowing around the world, originating largely from the Fed's printing press and the government's budget deficits. That's created trillions and trillions and trillions of dollars of wealth that wouldn't have existed otherwise, and that wealth has gone into funding this development of data centers and the technology that's created the artificial intelligence. Now we are experiencing this AI revolution, and it's become quite apparent to everyone that whoever wins the AI arms race is going to rule the world. We're on the verge of machines becoming more intelligent than humans, and then after that point, through self-training and self-improvement, going on 24 hours a day, they're going to become exponentially more intelligent than humans very quickly, so whoever wins this race is going to have dominance of every other country in the world. So, as creditism has evolved, it has created a national security threat in China and has created artificial intelligence. And as a result of the two combined, we now have this artificial intelligence arms race with the United States that must win. That's why President Trump is calling for a 1.5 trillion dollar defense budget.   Richard Duncan  36:30   So this is one of the main themes that MacroWatch has been focused on this year. I've done a series of videos on the new defense spending boom, looking in one video at the traditional titans of defense like Lockheed Martin, RTX, Boeing, in another video looking at the new up-and-coming Silicon Valley challengers in the defense industry, companies like Andrel, Palantir, and most important of all, SpaceX. This is now the driving force in the economy. the The absolute necessity of winning this AI arms race is going to require much greater government spending on the military, and it's going to require what we're seeing extraordinary amounts of money being invested in developing artificial intelligence because whoever gets there first wins, and whoever doesn't is going to be subjugated by the winner. So that's where we are. So that brings us up to we've been discussing the change from capitalism into creditism, and we've seen how creditism has evolved from being first driven by private sector credit to later being driven by government sector borrowing and spending, now leading to this AI arms race, which I think we're now moving toward a different kind of economic system beyond creditism. So let me back up just a minute and say that economic systems are best defined by the constraints that limit what they can do. So we've been talking about capitalism. Capitalism's main constraint was the requirement that money be backed by gold, and when that constraint, when that gold-backed money constraint was removed, the constraint was gone. The economic system evolved into a different kind of economic system. Creditism has created extraordinary amounts of wealth and growth since early 1970s. This is not the first time economic systems have evolved. If you look back through history, there have been many different kinds of economic systems. They've all been defined by the constraints that binded what they could do. If you go back to hunter-gatherer economic system, that economic system was constrained because the people didn't have tools for cultivation or any way to store the food that they created for long-term storage, but once they developed that those tools and the ability to store food, those constraints were removed and they evolved into a different kind of economic system. Ultimately, into feudalism. Feudalism was an economic system that was constrained by very poor roads, so there was very little transportation. There were no banks, so no banking system or credit, and there was very limited legal social mobility.   Richard Duncan  39:28   But eventually, cities developed, and because of cities, trade flourished, and that removed the constraints that had defined feudalism. Okay, so fast forward, capitalism was constrained by gold-backed money. When gold was removed, we moved into creditism. Now here we are in creditism, late-stage creditism, and we're seeing this phenomenal expansion of artificial intelligence. So every economic system throughout history has. Had two constraints in common. There have been labor constraints, a limited labor supply, and there has been the constraint of limited human intelligence. We're now, thanks to artificial intelligence, on the verge of removing those two constraints that have limited every economic system up until today, when artificial intelligence is embedded in humanoid robots, that's going to remove the labor constraint. We will no longer have any labor constraint. Robots will be able to produce all the labor and then some that's required. So there goes the labor constraint, and when we hit superintelligence, that's going to remove the constraint of human intelligence that has bound economic systems. So those have been the two primary binding constraints on every economic system so far, and they're just now about to be removed by artificial intelligence. We're moving into a new era without intelligence constraints and without labor constraints, and this is going to radically change everything. When those constraints are removed, creditism is going to evolve into an economic system that's no longer driven by credit creation. It's going to be driven by intelligence creation, knowledge creation, or an explosion of cognition. So I call the new system that we're moving toward cognitism, because rather than being driven by credit as creditism is, it's going to be driven by exponential expansion of intelligence or cognition, and it's probably going to create undreamt of wealth, but it's going to completely change from bottom to top everything about the world and society and social relations that exist today, and that is what we're very quickly moving into over the next 10 to 20 years. That that's where we're going to go, and I believe it deserves a new name. So I've coined the term cognitism to describe this new economic system. The post-creditism world is cognitivism.   Keith Weinhold  42:12   Wow, this is massive. Ever since we met, you talked about creditism, and really, that's the economic system that we live in, not capitalism, so we're on the brink again of moving from creditism into cognitivism, because oftentimes these forces and their change are defined by having the constraints removed, and we're on the brink of removing the labor constraint and the human intelligence restraint from creditism to move us into cognitivism over the next 10 or 20 years. I'm just reviewing what you said as I'm thinking this through, Richard. Talk to us at least a little about what the ramifications are for us, just everyday people and investors with this cognitimism economic system.   Richard Duncan  43:02   It's very difficult to guess what the consequences are going to be. They're going to be not only economic, but they're going to very quickly become political, and the political consequences are difficult to guess how they will play out. But it does look like when robots can do all the manual labor, and machines can do all of the intellectual work on a much more accurately, much more rapidly, much more flawlessly than humans can. There won't be any need for humans to have work unless legislation is in place to ensure that they do, and if they don't have work, then they're going to not have any income. And if they don't have any income, they're going to start being very unhappy, and they're going to start rioting, and governments are going to begin to fall, and we don't know how that's going to play out. So there's going to have to be arrangements made to ensure that people do have enough income to benefit from all of the extraordinary wealth that could be created through limitless labor and limitless intelligence, but to work in a way that can satisfy our wildest dreams and beyond our wildest dreams is going to be a matter of restructuring the political economy, if you will, to ensure that people benefit from this technological revolution that is now speeding up.   Keith Weinhold  44:30   Yeah, I would say all we do know is we don't know and how it's going to turn out. But you know whether it's been tractors replacing horses or whether it's been the advent of the assembly line, or whether it's been the advent of the internet, people always say it's going to destroy net jobs, and historically, it really hasn't.   Richard Duncan  44:53   You're right, but the replacement of horses with automobiles didn't really work out so well for the horses.   Keith Weinhold  45:00   So, is there any way we can think about this in order to stay nimble as investors and everyday people, Richard? As we move into cognitism.   Richard Duncan  45:10   Absolutely, everyone needs to subscribe to Macro Watch, and they'll be able to follow it very closely there as I map it out as it unfolds from month to month.   Keith Weinhold  45:22   They should, and it's fascinating, and you've really been on the cutting edge of that. Tell us more about subscribing to Macro Watch, something that a lot of listeners should be interested in.   Richard Duncan  45:33   So my background is has been in finance. I started working in Hong Kong in 1986 as a securities analyst, I later on became an economist and then a strategist. I worked for the World Bank for a couple of years in Washington. I was the head of global investment strategy in London for ABN AMRO Asset Management. So my background is in finance, and I have spent most of my career living in Asia for the last 40 years, primarily in Asia. Along the way, I've written four books. The first one was the Dollar Crisis back in 2003. The most recent one was The Money Revolution in 2023. So my background is in finance. But 13 years ago, I launched Macro Watch. Macro Watch is a video newsletter. Every couple of weeks, I upload a new video. It's essentially me making a PowerPoint presentation discussing something important happening in the global economy and how that's likely to impact asset prices. So it's essentially become a compendium of the global economy. Essentially, everything that has happened in the last 13 years at the macro level that matters is discussed in these macro watch videos. For instance, there is a complete history of everything the Federal Reserve has done since it was founded in 1913. There is a complete description of government debt from the beginning, the increase in government debt and budget deficits. It explains things like how the Fed actually creates money, what are bank reserves, what is Japanese monetary policy, what is European monetary policy. All the major macroeconomic developments are described there and are available to subscribers every two weeks. They upload a new video, and so if your listeners would like to check it out, my website is richarddunkeneconomics.com. That's richarduneconomics.com, and if they'd like to subscribe, hit the subscribe button. And I'd like to offer everyone a 50% subscription discount.   Keith Weinhold  47:36   Thank you.   Richard Duncan  47:36   They'll be prompted to put in a discount coupon code if they use the discount code GRE, like Get Rich Education, they can subscribe at a 50% discount. They'll find it very affordable, and at the very least, they can sign up for my free blog while they're there, and they can follow my work that way.    Keith Weinhold  47:57   It is fascinating the AI arms race poised to have us completely change economic systems from criticism to cognitism. Richard, is there any last thing that you would like to leave us with? Whether it has something else to do with AI, maybe I didn't think about asking you, or something with the Iran war and the inflation, or anything else in the economy. Any last thought for what we should do or be aware of?   Richard Duncan  48:24   One thing, of course, I think is very important is for everyone to learn to use AI as much as they possibly can. It's easy to use, and it will teach you how to use it. And as we evolve into this new world is going to be crucial to make use of this most important tool humanity has ever had-the ability to use AI. This suddenly gives you access to all the world's knowledge. All you have to do is ask, and it will tell you in a very friendly way. So, by being able to use AI, you'll be in a much better position to survive the transition and prosper in the decade ahead.   Keith Weinhold  49:09   That is an actionable way to stay on top of it, Richard. It's been valuable as always. Thanks so much for coming back onto the show.   Richard Duncan  49:16   Thank you, Keith. I've enjoyed it.   Keith Weinhold  49:24   Yeah, keen insights from Richard as always. Yeah, the U.S. sure has been making enemies the past couple years. That could make other nations less likely to buy our debt, and then in turn, it takes higher interest rates in order to attract bond buyers. Well, that in turn increases mortgage rates. But to some extent, other nations have to buy our debt. Richard says that a bigger round of future QE is a distinct possibility. That is code for money printing. That's clearly. Inflationary, but few seem to know we've already been involved in liquidity operations since last December. Whether that's called QE or something else, it is taking more government spending to keep up with the AI race. That's inflationary too. What about that? When horses were replaced with cars. How did it work out for the horse? I don't know if that made it better or worse for the horse. Maybe horses were out of work, but then they got to live free. Will AI make that very predicament apply to humans? Nobody knows. The economic system will have moved from creditism to cognitism when the economy is no longer driven by credit creation but intelligence creation, from RichardDuncanEconomics.com, you can hit the subscribe to MacroWatch button and enter the discount code GRE for a 50% discount. Just about everything that you heard today is poised to drive mortgage rates higher, not lower. Big thanks to Macro Watch Mastermind Richard Duncan today. Next week it's a more real estate centered show. I'm your host Keith Weinhold. Don't quit your daydream.   Speaker 2  51:21   Nothing on this show should be considered specific, personal, or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.   Keith Weinhold  51:49   The preceding program was brought to you by your home for wealth building, getricheduceducation.com  

Waiting for the “perfect” mortgage rate could mean waiting for a market that may never arrive.Interest rates get plenty of attention, but they are only one part of a much bigger homeownership decision. The more important questions are: What can you actually afford? Are you financially prepared? What happens to your housing costs over time? And how can a home become part of a long-term wealth-building strategy?Ralph DiBugnara brings decades of experience in mortgage lending, real estate investing, entrepreneurship, and consumer education to this conversation with Corwyn J. Melette, Broker/Owner of EXIT Realty Lowcountry Group.Together, they examine why buyers are sitting on the sidelines, how interest-rate psychology influences decisions, how to determine affordability beyond the rate, why cash reserves matter after closing, and how real estate can play a role in building equity and creating opportunities for future generations.Key Takeaways:01:15: Why waiting for the perfect interest rate may be the wrong strategy04:41: Why trying to time the real estate market doesn't work07:03: The difference between controlling a housing payment and controlling rent07:40: How to determine affordability beyond the interest rate08:57: Why buyers need reserves instead of becoming cash poor after closing10:59: How real estate can contribute to long-term wealth and legacy building13:36: Why many people are more prepared for homeownership than they realize16:07: Why a Federal Reserve rate cut does not automatically mean mortgage rates will fall18:13: How investors evaluate opportunities, risk, and future equity20:25: Ralph's story of building wealth by learning and taking action21:47: What Home Qualified provides to buyers and investorsLegacy Building Takeaway:“I've earned everything. I've bought everything on my own. I've built everything on my own. It could be done by anybody.”Connect with Ralph:Website: https://ralphdibugnara.com/home-qualified/LinkedIn: https://www.linkedin.com/in/ralph-dibugnara-9759096/ Instagram: https://www.instagram.com/dibug/Tiktok: @DiBugConnect with Corwyn:Contact Number: 843-619-3005Instagram:⁠ https://www.instagram.com/exitstrategiesradioshow/⁠FB Page:⁠ https://www.facebook.com/exitstrategiessc/⁠Youtube:⁠ https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA⁠Website:⁠ https://www.exitstrategiesradioshow.com⁠Website: https://www.exitlowcountry.com/Linkedin:⁠ https://www.linkedin.com/in/cmelette/⁠Shoutout to our Sponsor: Mellifund Capital, LLCNeed funding for your next real estate flip or build? MelliFund Capital makes it fast, flexible, and investor-friendly. Visit MelliFundCapital.com and fund your future today. Again, that's MelliFundCapital.com, M-E-L-L-I-L-U-N-D, Capital.com.

Send us Fan MailLEARN THE CAPITAL RAISING STRATEGIES AND FRAMEWORKS used by alternative asset professionals: https://go.fundraisecapital.co/applyIf you're still pitching upside to institutions, you'll never see a pension fund check. The managers winning nine and ten figure allocations obsess over how they lose money more than how they make it.I am Ryan Miller, and on Making Billions this week, I sit down with Ari Rastegar, Founder and CEO of Rastegar Capital. Together, Ari and I break down vertical integration, off-market deal flow, and the exact trust-building system that turned strangers into decade-long investors. How do emerging managers actually attract institutional capital?Ari explains it's not with a great deal pitch, it's with risk controls, a third-party fund administrator, audited financials, and never touching investor money directly. He never handled a dollar himself, and that single decision is what let institutional diligence checkboxes get checked before he ever needed them.[THE HOST]: Ryan Miller is a fund manager, capital strategist, and former CFO turned angel investor in technology and energy. He is the founder of Fund Raise Capital and Aequor Capital Partners, and has mentored over 1,000 fund managers across private equity, private credit, venture capital, real estate, and alternative assets globally.[THE GUEST]: Ari Rastegar is the Founder and CEO of Rastegar Capital and is known as “The Oracle of Austin”, a leader in Texas real estate, known for his resilience and vision. He turned a $3,500 loan into a portfolio across many asset classes, including self-storage, multi-family, and industrial spaces worth over five billion dollars. Subscribe on YouTube:https://www.youtube.com/channel/UCTOe79EXLDsROQ0z3YLnu1QQConnect with Ryan Miller:Linkedin: https://www.linkedin.com/in/rcmiller1/Instagram: https://www.instagram.com/ryanmilleroffical/X: https://x.com/_MakingBillionsWebsite: https://making-billions.com/Support the showDISCLAIMER: This podcast is for entertainment and general informational purposes only — not legal, financial, tax, or investment advice. Nothing herein constitutes a solicitation or offer to buy or sell any security or investment product. Past performance does not indicate future results. Always consult qualified legal, financial, and tax professionals before making any investment decision. NAME NOTICE: "Making Billions with Ryan Miller" reflects the profile and aspirations of guests featured — it is not a promise, projection, guarantee, or representation of any financial result, income, or outcome for any listener, viewer, or reader. Most individuals who consume this content do not raise any particular amount of capital, and many achieve no financial result whatsoever. "Fund Raise Capital" is a brand identifier only — it is not a promise, guarantee, or representation that any member, subscriber, or listener will raise capital, attract investors, or achieve any financial or professional outcome. This show does not constitute a business opportunity, franchise, investment program, or offer of any product or service of any kind. No part of this show should be construed as a solicitation for investment in any way. Guest views are their own and do not necessarily reflect those of the show or host. Host and/or guests may hold positions in assets discussed. This episode may contain paid sponsorships, advertisements, or endorsements. Sponsored content is identified where...

Fresh signs of an AI slowdown rattle markets and raise new questions about the investment boom. Capital markets feel the ripple effects as Leslie Picker examines what a slowdown could mean for the IPO pipeline. Jim VandeHei and Mike Allen, co-founders of Axios and authors of Simplify, discuss how AI is reshaping work and everyday life as Washington wrestles with the politics of the technology. KKR's Henry McVey breaks down the market implications and whether the AI investment cycle can keep powering stocks. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Our special guest today is Kevin DeMerritt from Lear Capital. Lear Capital is our brand-new precious metals sponsor, and Pastor Stan has known Lear Capital since 1993. Today Kevin will explain why gold and silver would be the best decision you will make to secure your finances for your future.

Our special guest today is Kevin DeMerritt from Lear Capital. Lear Capital is our brand-new precious metals sponsor, and Pastor Stan has known Lear Capital since 1993. Today Kevin will explain why gold and silver would be the best decision you will make to secure your finances for your future.

The  Moose on The Loose helps Canadians to invest with more conviction so they can enjoy their retirement. Today, I review Capital Power (CPX) and see if the dividend is safe. Create your dividend for life webinar: https://www.dividendstocksrock.com/dividend-income It's all about Dividend growth investing! Subscribe to the best free dividend investing newsletter: https://thedividendguyblog.com/newsletter Get the 20 income products guide for retirees: https://retirementloop.ca/income/

We are all living in a world of “beta products” from AI vendors, and whether we like it or not we're stuck with the risks. Today I weigh in with my perspectives about what's going on and how we, as consumers and builders, need to push back on Frontier Labs and force them to “fix” these issues. Lots to debate and I look forward to meeting many of you this Fall as we travel the world discussing our new book Superpowered and our exciting new announcements around Galileo. (Major launch tomorrow, stay tuned!) References “Superpowered,” our new book that explains the positive future of work “1873: The Rothschilds, the First Great Depression, and the Making of the Modern World,” the history that's repeating itself Anthropic's List of AI Cyber and Swarming Hacks Dario's “We Must Pace The Frontier” Article Sam Altman Postpones OpenAI's Public Offering Because of Safety Issue   Chapters (00:00:00) - AI Doomsday Warnings and Corporate Hypocrisy(00:00:50) - AI Values Reflect Society's Flaws(00:02:35) - Comparing AI Risk to Boeing and Product Safety(00:04:05) - Corporate Liability and Legal Risk of AI Vendors(00:05:16) - Who's Responsible When AI Causes Harm(00:06:15) - Design Flaws and the Jupiter Launch Preview(00:06:59) - Defense, Ethics, and the Oppenheimer Parallel(00:09:16) - Commercialism, Greed, and Historical Parallels(00:10:29) - Railroad Era Comparison and Financial Mania(00:11:05) - Political Divide Over AI and Data Centers(00:12:55) - Data Center Politics and Mobility of Capital(00:13:49) - Software Builders' Dependence on Reliable Models(00:14:24) - Everyday AI Mistakes and Acceptable Risk(00:15:50) - We're All Part of a Giant Beta Test(00:16:25) - Closing Thoughts and Jupiter Teaser

Darío Amodei dejó OpenAI en 2020 porque no confiaba en sus directivos, y fundó Anthropic con una promesa: IA poderosa, pero segura y controlable. Hoy esa empresa vale 900 mil millones de dólares, más que OpenAI, vendiéndole su tecnología a Pfizer, United Airlines y el propio gobierno de Estados Unidos, mientras destruye libros físicos por millones para entrenar a sus modelos. Y en 2026 protagonizó el primer gran choque público entre una empresa de IA y el Pentágono: Anthropic se negó a darle acceso irrestricto a su tecnología, Trump ordenó a todas las agencias federales dejar de usarla, y la empresa demandó al gobierno. Te cuento quién es el hombre detrás de todo esto, y qué tan lejos está dispuesto a llegar por sus propias reglas.Convierte tu café en algo más que una rutina. ☕Adquiere tu bolsa de Café el Capital aquí: https://cafeelcapital.com/s/86d69f0:00 — Intro: quién es el hombre detrás de Anthropic1:12 — Capítulo 1: el inicio (la vida de Darío Amodei, OpenAI, la fundación de Anthropic, Claude)9:54 — Capítulo 2: un mundo de posibilidades e incertidumbre (los ensayos de Amodei, los 5 riesgos de la IA)14:15 — Capítulo 3: qué ha pasado recientemente (el choque con el Pentágono, Maduro, los hackeos internos, la demanda de autores)

OpenAI nació en 2015 como una organización sin fines de lucro, blindada de intereses financieros, para desarrollar inteligencia artificial seguridad que beneficiara a toda la humanidad. Once años después, es una empresa con pérdidas de 39 mil millones de dólares, sostenida por una red circular de acuerdos financieros con Microsoft, Nvidia, SoftBank y Oracle — y con todo el poder concentrado en un solo hombre: Sam Altman. Te explico cómo pasó de buscar inversionistas a negociar con el gobierno de Trump, y por qué el esquema que sostiene a ChatGPT preocupa a más de un analista.Convierte tu café en algo más que una rutina. ☕Adquiere tu bolsa de Café el Capital aquí: https://cafeelcapital.com/s/86d69f0:00 — Intro: de organización sin fines de lucro a imperio de un solo hombre1:26 — Capítulo 1: quién es Sam Altman6:56 — Capítulo 2: OpenAI y la traición (la salida de Musk, el golpe de la junta)14:19 — Capítulo 3: el negocio circular (Microsoft, Nvidia, SoftBank, Oracle)19:20 — Cierre: las grietas (pérdidas, fallas de seguridad, salud, y la pregunta abierta)Sam Altman