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Keith explores two big themes shaping real estate investors' futures: Why more Americans are becoming "forever renters"—and how long-term lifestyle and demographic shifts (not just today's prices and rates) are quietly reshaping the demand for rentals. The growing conversation around eliminating property taxes—which states are making the most noise, and why the real issue isn't whether property taxes go away, but what would realistically replace them. Keith also zooms out for a quick year-end tour of major asset classes—from stocks and real estate to metals and crypto—so listeners can see where real estate fits in the broader investing landscape and what these shifts might mean for their wealth-building strategy. Episode Page: GetRichEducation.com/588 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  1-937-795-8989 to speak with a freedom coach 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 or text 'GRE' to 66866 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, the Forever renter trend keeps getting embedded deeper into American culture. What's behind it? It's more than just finances. Then there's been more talk about eliminating property taxes, if they go away, what replaces them? And we'll discuss more today on get rich education.   Keith Weinhold  0:27   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com   Corey Coates  1:12   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  1:28   Welcome to GRE from Jamestown, New York to Jamestown, North Dakota and across 108 nations worldwide. I'm Keith Weinhold, and this is get rich education. Most investments reduce your income until you can start drawing on it and paying taxes on it in your 60s. That's a lot of decades of living below your means. Here learn how to grow your means and invest in vehicles that pay you when you're young enough to enjoy it and pay you five ways tax advantaged. Hey, there's a big misunderstanding about the housing market taking place right now. Yes, today's higher cost of home ownership contributes to Americans renting longer, for sure, but let's not make the mistake of thinking this is a new phenomenon just because home prices moved higher or mortgage rates began normalizing again a few years ago, that's not what it's about Americans renting longer. That is a trend decades in the making, and it has had and will continue to have major implications on the rental housing market decades into the future, buying your first home at 25 that was your grandparents or maybe your parents. Today, it kind of goes like this in life's journey for the wannabe homeowner, First comes the gray hair, then comes the mortgage. Last year, we learned that the average first time homebuyer age in America has moved up to 40. Back in 1981 it was age 29 per the NAR. More specifically one's real estate journey, it basically now goes like this, rent, rent, rent, have roommates again, go back to renting, chiropractor, Bank of mom and dad, then a mortgage maybe.   Keith Weinhold  3:34   Yeah, the home ownership rate, it keeps falling among every age group, most sharply among 30 somethings. The translation here is that more renters are coming. For those in their 30s, the home ownership rate maxed out at 69% in 1980 it's fallen to just 47% today. Those that are older, for those in their 40s, the homeownership rate maxed out at 78% in 1982 it has fallen to just 62% today and so on. Every 10 year age group all the way to those age 80 plus, the homeownership rate has fallen for all of them over the decades too, every single age cohort. The home ownership rate has fallen over the decades, and that is all per the Census Bureau. I'll tell you why this forever renter trend just keeps strengthening in a moment. But if you don't own your home, here are your current housing options. You can live with your parents. Yes, welcome back childhood bedroom with those glow in the dark stars on the ceiling. Sadly, you can be homeless. That is really not good. Or the other option is you can rent something nice, new, modern, and energy eficient. The group in which home ownership has fallen the most are those 30 somethings. 20 somethings aren't even part of what the Census Bureau reported here. It fell most sharply in the 1980s and then again, after the great recession. And here's what I know you might be thinking because we have some of the smartest listeners around. I bet that during times that buying was cheaper than renting, the trend reversed. That's what you might be thinking. No, it didn't. Regardless of what is cheaper, over time, the home ownership rate just keeps falling despite those periods, whatever is cheaper renting or owning now the overall home ownership rate that's fallen just since 2023 from 66% down to 65% that might not sound like much, but a Full 1% drop there means 1.3 million new renters already, just since 2023 and now you might be thinking, well, this is like totally because home prices and mortgage rates have been higher since that time. They've been higher since 2023 you are, in fact, somewhat correct about the affordability on a median priced home today, which is around 420k, I mean a 10% down payment and closing costs, that means you're out of pocket, probably more than 50k and it's 100k plus for a 20% down payment. And this is often an insurmountable hurdle without financial help from the Bank of mom and dad. But this is all part of a longer, multi decade set of trends. And look, a lot of these trends don't have much of anything to do with finances. People are renting longer because Americans wait longer to marry and have kids, and this has persisted, whether economic cycles are good or bad, and certainly, regardless of what mortgage rate levels are, younger generations value flexibility. That's another reason people are renting longer. Also 30 somethings are just simply more comfortable with subscription models like renting. I mean, look at Netflix and Uber and Spotify. It's been decades since anyone actually bought DVDs or CDs. Yeah, renting is just sort of another subscription model. More. Boomers are also renting for convenience. They would rather play pickleball instead of mow a lawn. This is something that they figured out a while ago. Also higher consumer and educational debt keeps people renting. You've got buy now, pay later. Companies like Klarna that are booming and mortgage eligibility got sucked from souls when all this happened? Hey, I've got more a ton of reasons for why more and more people are renters today, and how this trend is your friend if you are a rental property investor.    Keith Weinhold  8:13   Also, let's be mindful when we broke the gold standard in 1971 asset prices took off like a Blue Origin launch, and wages stagnated. That makes it tough to patch together a down payment and look, there is still an antiquated notion out there that apartments especially are like replete with paper thin walls and one in every five units is a meth lab. Have you toured apartment buildings, fourplexes, duplexes and single family rentals built in the last 10 years? Sheesh. Great amenities. Expect to see granite countertops, patios, fenced yards, gyms, sometimes even pet spas at Class A apartments, washer, dryer in unit. I mean, that has been standard for a long time, LED lighting, smart locks, increasingly office nooks for remote workers. Those are the modern amenities that you find in a rental. So the bottom line here is that as Americans age, there is an elongated renter stage of life. It's not just prices or rates, it is lifestyle. And this is why, even when affordability improves, the homeownership rate should continue to drop. More rental demand is coming. So yes, an elongated renter stage, this forever renter, if you will. That is somewhat about finances, but it is more, and this shapes the landlordtenant landscape for decades. And of course, your advantage here at GRE is even if you live in a High Cost part of the nation, we know how to buy here, say, a brand new build to rent single family property in an investor advantage place like Indiana, Missouri, Alabama or Florida, and we get it for, say, 300k or so, and you get a tenant that will pay you rent for four years or more in a lot of cases. So we've been talking about where the rental demand is coming from. It is both a lifestyle choice and a financial consideration for your tenant. Now this forever renter trend, that's something that really matters if you are providing housing to people. But some real estate trends just move so slowly, so glacier like that, you can kind of get lulled to sleep, until one day you look up and a trend has crystallized like the one that I just described. Let's compare a trend like that to something that people think matters a lot, and this does matter, but its importance is overinflated, and that is, for example, the President's nomination of a new Fed chair this year, and how that's going to move the real estate market. No, not as much as people think, as we've learned here, mortgage rates actually don't have that much to do with home prices. And yes, mortgage rates do move. They are correlated with the Fed funds rate. Yes, they are. When one is high, the other will be high. When one is low, the other will be low. They just don't move in direct lockstep. Let's listen in to the remarks of one Donald John Trump on the matter, because he talks about housing here. This is about a minute long, and then I come back to comment when Trump says him, he is apparently pointing to Treasury Secretary Scott Besant, who was in the room at the time, but as you'll hear, he's not expected to be the Fed Chair selection.    Speaker 1  12:06   Have you started the interviews for the Fed chair? Yes. Who have you interviewed? Ithink I already know my choice well. I like to him, but he's not going to take the job very fast. You like Treasury better, right? Much better, sir. So we are talking to various people and the I mean, frankly, I'd love to get the guy currently, and they're out right now,but people are holding me back. He's done a terrible job, hurting housing a little bit. The truth is, we've been so successful, we've blown past his interest rate. Stupidity. He's been wrong. That's why I call him too late. He's too late. Jerome, too late. Powell, he was recommended to me by a guy that made a bad, you know, bad choice, and it's too bad. But despite that, it's having very little impact, because we have, you know, we have all of these things happening, but it has an impact on housing to a certain extent. He's a fool. He's a stupid man, but we have some very good people   Keith Weinhold  13:09   yeah. So this matters, but it's as much entertainment and almost comedy against a demographic trend like the Forever renter propensity, a calendar year recently ended. It's time to make a quick rundown of the overall investing landscape. Once in a while we do that. It's good to check the movement on other asset classes outside real estate. It's our asset class rundown for last year, the s, p5, 100 was up nearly 17% that's the third year in a row of double digit gains in the year that Warren Buffett stepped down as CEO of Berkshire Hathaway, there's a warning. The S and P Schiller price to earnings ratio soared above 40 for only the second time in history. That's an indicator that stocks are overvalued. The only other time that happened was during the.com bubble in real estate, single family home values were up about 2% per the NAR just over 1% per Kay Shiller, apartment building values were flat to a slight decline. There is no such thing as an official apartment building Price Index, CPI inflation, up almost 3% on the year. It now hasn't been at the Fed's target of 2% or lower for a calendar year since 2019 Yeah, it has run hot all that time. Last year, mortgage rates fell from 6.9% to 6.2% and then, as you would expect, the yield on the 10 year treasury note also fell from 4.6 to 4.2 The dollar fell hard with a thud down 9% its worst performance since 2017 WTI oil prices fell from 70 bucks to $58 that's an 18% decline, but really the story of the year among all asset. Classes is what happened with precious metals, gold up a staggering 68% over the past year, touching an all time high of about $4,500 silver, up about 155% leaving investors flabbergasted and slack jawed, touching an all time high of over $80 platinum and palladium had near triple digit gains the real price of gold. This means inflation adjusted even jumped to its all time high last year, significantly surpassing the previous peaks of 1980 2011, and 2020. Realized this. More than 80% of all the recoverable gold on earth has already been extracted. Silver has been the top performing major asset class. In fact, today, a little one ounce silver coin is worth more than a 300 pound barrel of oil. Sticking with the topic of metals, inflation finally killed a penny. The last one was minted in 2025 in Philadelphia, ending a continuous run of the US minting the penny since 1792 no more. Bitcoin was down 6% falling from 93k to 87k the NASDAQ is aiming for near round the clock trading. It currently trades 16 hours a day, five days a week. They are looking to go up to 23 hours a day, five days a week in the second half of this year. That's our year end asset class rundown    Keith Weinhold  16:34   coming up in future weeks of the get rich education podcast. I am going to do an episode on overpopulation versus underpopulation? Is the world over or underpopulated, and is the United States over or underpopulated? This obviously has huge implications for the housing market. Then on another episode, we're going to discuss a real estate axis strategy we've never discussed before, called the 721 exchange. Now you might have heard of the better known 1031 tax deferred exchange, but the 731 is different. When you get older as a property owner and you realize that you don't want the hassles of landlording anymore, you can sell your properties to a partnership. The 721 exchange dictates that this is not a taxable event, and therefore no capital gains taxes or depreciation recapture are due. Property owners still get the benefits of cash flow and the appreciation across a greater number of properties and markets, and it's a great estate planning tool as well. Yes, that's the 721, exchange. We are going to cover it here. When it comes to investment real estate, I guess we cover nearly everything that's coming up on a future episode. As for today, we're talking about property taxes, if they go away, what replaces them that comes up shortly? Visit get richeducation.com to learn more about how we help you and what we do, and to get connected with real estate. Pays five ways type of properties. Visit gre marketplace.com. I'm Keith Weinhold. You're listening to get rich education.    Keith Weinhold  18:23   You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why? Fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products. They've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre, or send a text. Now it's 1-937-795-8989,yep, text their freedom coach directly. Again, 1-937-795-8989,   Keith Weinhold  19:34   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage, start your pre qual and even chat with President chailey Ridge personally while it's on your mind. Start at Ridge lending group.com that's Ridge lending group.com    Jim Rickards  20:05   this is author Jim Rickards. Listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  20:22   Welcome back to get rich education. Episode 588 for the 12th consecutive year here, I'm your host. Keith Weinhold, I look forward to perhaps meeting you in person this coming weekend, as I'll be attending the real estate guys create your future goals retreat event in Colorado Springs. You probably remember that we have had the events host and leader, Robert Helms, of the real estate guys on the show with us here several times in the past. What a class act I am spending a few extra days after the event in Colorado Springs to both look at local real estate in that market and climb the Manitou incline, that's this grueling climbing challenge up a slope of Pikes Peak. If you want to climb with me after the real estate guys event, bring your running shoes and I'll lead a group of us up there    Keith Weinhold  21:13   if property taxes go away, what replaces them? Realtor.com recently had a terrific article about this that you can look up the property tax revolt is spreading, but the replacement plan isn't let's look at the probability and possibility of eliminating property tax. Think about how property tax elimination would increase the value of your property well, because now every buyer could afford to pay more, since they won't have that property tax expense. And of course, if you were to remove property tax as a line item from your income and expense statement, your cash flow could double, triple, or even five or 10x depending on your current cash, on cash return. But that cash flow part is less likely because most efforts to eliminate the property tax, they focus on homes, primary residences. Well, several states have either active legislation efforts or these sort of informal grassroots movements to significantly cut down or just totally abolish property tax, but no state has fully eliminated them yet. The most prominent efforts are in five states, most notably Florida, where Governor Ron DeSantis has made the most noise about it. He proposed eliminating property taxes on homesteaded which are primary residence properties, and he aims for a constitutional amendment on the November ballot to achieve this, that is 10 months from now. And that proposal, it's still pretty early in the legislative stages, and the state is also considering property tax rebates in the meantime. Now, even if you own rental property, and property tax were only eliminated on primary residences, it would still cause the value of your property to boom pretty nicely, even if it didn't help the cash flow. The state that's made the second most noise is Ohio. A grassroots organization has called Citizens for property tax reform. They have actively campaigned to place a constitutional amendment on their ballot that would just totally abolish property taxes statewide. Third most is Kansas. They propose legislation and that aims to effectively bump up sales tax to replace property tax. The fourth out of five is North Dakota. Let's look at what they're doing following a failed 2024, ballot measure to just totally abolish the property tax outright. Well, there's a new proposal from the governor, and that seeks this phased out elimination for most homeowners over a decade. And see, North Dakota has a slightly better chance of pulling that off, because they can fund that from the state's Legacy Fund, that's their oil well fund, and then making the fifth most abolition of property tax noise is my home state of Pennsylvania. Lawmakers have introduced bills to eliminate all property tax. They also aim for a constitutional amendment to put that issue before the voters. So they are the five states that have made the most noise, and that's what their approach is.    Keith Weinhold  24:43   Now, seemingly for most of my life, homeowners and landlords have griped about property tax, saying it's the most ridiculous tax of them all, because you pay it year after year after year in perpetuity. And it just never goes away. Unlike other taxes that are just a one time tax, even if your property's mortgage is paid off, you still have a house payment, and that is largely due to property tax. Understand, though, that currently a lot of states give you a reduced property tax once you reach a senior age, usually age 65 plus some start as low as 61 but when it comes to eliminating the property tax, there's a part of the conversation that's really important, and it has been notably absent, and that is a novel solution to replace the lost revenue. And it gets rather interesting to look around and see where else the money might be raised if they eliminate property tax. See, and this is really important to understand, property taxes generate 70% of local revenue, up to 90% of school funding and 25% of all state and local tax revenue in aggregate in Florida. Okay, that's just in Florida those numbers, but a lot of states have a similar scenario, and in Florida, that comes out to about $50 billion a year. That is a big hole to plug, that is a big gap to fill, and it underlines both the burden homeowners are currently shouldering and how hard it's going to be to fill that gap with anything that's more stable or equitable, that's going to last as a funding source, yes, 90% of school funding. You heard that, right? If you talk to an old timer, you know sometimes you still hear an elderly person refer to property taxes as school taxes. So see, this question of, Do you want to abolish property taxes? One reason that's become louder and louder these past few years, and why you hear more about it is due to that increased affordability strain. That's why you're hearing more about it now the question, do you want to abolish property taxes? That is the wrong question. A grassroots push to AX the property tax that's gained traction, really, among some senior homeowners facing property tax bills that are as high as their mortgage. Once was last summer, for example, in Mahoning County, Ohio, the tax delinquency rate hit 18% almost one in five people having trouble paying their property tax, and that county had more than 70 million in unpaid property taxes. In some neighborhoods in Youngstown, as many as one in three homeowners were behind. And in Cuyahoga County, which is basically Cleveland, values jumped 32% on average after reassessments that fueled a $60 million dollar increase in past due balances this whole do we want to abolish property taxes? Question? You're going to see why that's the wrong question and why it's incomplete, because that slogan that skips the only part that really matters here, and that is, what is the replacement plan, realistically, taxpayers should be asked if, in lieu of property tax, they'd rather pay higher sales taxes or higher income taxes, or for those with no state income tax, like Texas or Florida, pay one for the first time. I don't like those answers. I wish governments would spend more efficiently, but that's not the angle that we're looking at here. Property taxes are the true lifeblood of local governments. I mean, they fund everything from public safety to roads to schools, and just because property taxes disappear, well that doesn't mean that the need for firefighters goes away, that the need for police officers goes away, or the infrastructure for public school systems is going to be gone, or the roads go away. So if property taxes are cut, then another revenue generating device has to emerge to keep services funded and running. And it's a little funny. I've been talking about certain states here. But of course, property taxes are exacted and assessed at the county and local level. And look, I mean, you know how the world works, you know what the nature of society is. As soon as someone has their income stream, they quickly grow into that lifestyle and the new larger spending pattern. So taking away an existing income stream or even reducing it a little, I mean, that can almost trigger outrage and protests, for example, the outcry that we had last year about cutting snap payments. But it works this way. With anything. I mean, sheesh. For the majority of Americans, if you cut their income even 10% they would struggle to survive. They would struggle to put food in the fridge. So these repeal the property tax campaigns, they often avoid the reality of the replacement math.    Keith Weinhold  30:19   Now, some states have taken a swing at replacing property tax revenue, but few, if any, have succeeded. Now, Nebraska lawmakers, what they did is they floated higher cigarette taxes as a way to fund a goal of cutting their property taxes by 40% I mean, nice try. But according to an analysis by the Tax Foundation, that tax base was far too small. I mean to tell you more about what a terrible miss. This example is Nebraska cigarette taxes. They raised about $52 million in 2024 while property taxes raised $5.3 billion that is 100 times more, not even close, even if you could raise more money in the short run, excise revenues like this cigarette tax, they're pretty volatile, and they often shrink as the demand ebbs and flows. So it really makes them a poor backbone for expenses that grow over time, and they don't eliminate the cost so much as concentrated. So what they do is they sort of shift this broad civic obligation funding all this stuff, police, fire, school, from homeowners onto a much narrower group, in this case, people who smoke. That is not going to work for Nebraska, all right, well, what about a bigger deal, like replacing it with sales tax? Well, they run into a different problem. Local economies are not built the same. You might have a sales tax heavy tourist County, well, they can raise far more money than an agricultural county. And Florida is a clear illustration. They have lots of tourism and lots of agriculture replacing property taxes with sales tax. That would require eye popping sales tax rates too. According to the Tax Foundation Florida statewide, they would have to go from 7% to over 15% sales tax in Florida. But it gets even worse, because counties with a thin sales tax base would have to charge over 32% sales tax. My gosh, that is not going to work, all right. Well, how about another big one? Let's have income taxes replace property tax in a lot of states. I mean, the income tax that's large enough to raise pretty meaningful revenue. But the trade off is that income taxes come with their own sort of economic and political distortions, and once they're added, you know, they rarely stay confined to the tidy swap that voters were promised. I mean, look at New Jersey. They adopted an income tax in the 1970s to provide property tax relief, but over time, that swap proved hard to manage and hard to enforce, and now today, New Jersey has one of the highest effective property tax and state income tax rates combined in the nation. So the point is that all these property tax replacement tools are just inherently piecemeal. Each tax or fee has like this different payer base or some different vulnerability. I mean, if tourism dips, for example, revenues could drop really fast. And the same is true if a regulated industry contracts, or if consumption patterns shift. And you know that volatility, that's manageable for some narrow program, but that is dangerous as the foundation for essential services like public safety and street maintenance and police and schools and fire. Well, how about forgetting all that? Let's just have the government then totally get out of providing public safety and not have the government provide street maintenance and have the government get out of schools. I mean, we used to have more private companies provide you with some of those services. We didn't even have a federal income tax at all until 1913 other than a temporary one to fund the Civil War. But all of that is a bigger topic that we are not going to get into today. The point is, instead of asking the question, do you want to abolish property taxes? The better question is, which replacement are you choosing and who pays for it? Because local costs come on, they're just not likely to shrink anytime soon. After all, all of this schools, fire and police departments, public works, divisions, they're all subject to the same inflation and the same rising costs as the rest of the economy is so the property tax is unpopular. As it is, it does have one functional advantage. It is tied to this immovable base of properties. It's collected locally, and it's designed to fund on going services. That is not to say that some homeowners don't need relief. Some of them clearly do. But eliminating property taxes, that just does not eliminate the underlying cost of government. All it does is reallocate it, and that reallocation can get messy, that shifts a bigger burden onto a smaller share of taxpayers, whether it's smokers, like it was in Nebraska, or whether it's rural shoppers like the Florida sales tax example, or doubly on working homeowners, like it is in the New Jersey income tax example. I have studied this, and I have not seen novel approaches that really keep communities funded without creating some new distortion somewhere else. But unfortunately, one thing that I have seen is this repeal rhetoric, and it makes these political platitudes all that want to just conveniently skip the replacement plan, but it all sounds good and popular when someone stands up there and says that they want to eliminate property taxes. So really the honest question on a ballot. It's not, do you want to abolish property taxes? The honest question is, are you willing to pay higher sales taxes or higher income taxes or adopt one for the first time and accept the distortions that those choices to create to eliminate the property tax? I'm not going to get into the political side of all this, because that's not what we do here. The bottom line is, though, that you're probably going to hear more about the property tax going away. It is unlikely, of course, as income property investors here, property tax is largely built into the rent. It is passed along to your tenant, and a small reduction would help you out, probably not so much on your cash flow side, since most of these proposals are only for primary residences, but even a small property tax reduction on primary residences that would boost all property values, even rental property in the one to four unit space. But you shouldn't expect much here. If property taxes are eliminated, there is just no easy and viable replacement. That's your answer today, if you represent a company that serves real estate investors get rich. Education has over 3 million IAB certified downloads and 5.8 million total listener downloads. You can learn more about advertising on the show at getricheducation.com/ad, that's get rich education.com/ad   Speaker 2  37:51   for the production team here at GRE, that's our sound engineer, bedroom jampo, who has edited every single GRE podcast episode since 2014 QC and show notes Brenda Almendariz, video lead, Binaya Gyawali, strategy Tallah Mugal, video editor, Saroza KC and producer me, we'll run it back next week for you. I'm your host. Keith Weinhold, Don't Quit Your Daydream.   Speaker 3  38:17   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  38:45   The preceding program was brought to you by your home for wealth building, getricheducation.com  

Aaron Klein is a senior fellow in economic studies at the Brookings Institution. Aaron returns to the show to discuss his paper with George Selgin calling for real time payments, the inequality caused by the Fed's current payment processes, the results of Covid time QE, recommendations for dealing with future crises, and much more. Check out the transcript for this week's episode, now with links. Recorded on December 11th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Aaron Klein on X: @AarondKlein Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:01:06- Faster Payments 00:29:09 - Fed Governance 00:30:35 - Quantitative Easing and Housing Inflation Post-COVID 00:52:16 - Fed Assets 01:01:149 - Outro

Crypto News: Bitcoin, gold, and the stock market are on the move as Fed Chair Jerome Powell responds to Trump DOJ investigation. Elon Musks's X teases crypto-aware ‘smart cashtags' just day after community backlash.Brought to you by

In this inspiring episode of Fed by the Fruit, host KB takes listeners on a deep dive into the life of Joshua, one of the Bible's most prominent leaders. Discover how Joshua went from serving as Moses' faithful apprentice to becoming the commander who led the Israelites into the promised land after a seven-year conquest. This episode explores Joshua's unwavering faith when he stood with Caleb against ten other spies, his military victories that were truly God's battles, and his famous declaration "as for me and my house, we will serve the Lord." Learn how Joshua's leadership wasn't just about military strategy, but about trusting in God's promises even when facing giants and fortified cities. With the January memory verse from 2 Corinthians 5:17 about becoming a new creation in Christ, this episode encourages listeners to embrace their faith journey with the same courage and faithfulness that defined Joshua's life. Whether you're new to Bible study or deepening your understanding of Scripture, this episode offers practical insights for applying biblical principles to everyday life.This episode serves as both an informative guide to embrace a healthier, more balanced lifestyle, encouraging listeners to embark on their journeys with renewed vigor and compassion.Reach out to KB on Instagram and share your thoughts.

US consumers have basically stopped using their credit cards. According to the Fed's latest data, revolving consumer credit declined again, the third time over the last seven months. And one of those other three was basically zero. There has been a clear change in attitude which means Americans aren't just feeling pessimistic, they're taking action about it. That is why consumer revolving credit is a critical cyclical signal, it draws together all the major components.  Eurodollar University's Money & Macro Analysis---------------------------------------------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider---------------------------------------------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

She never thought of herself as sensitive—just practical, cautious, and aware of her surroundings. But growing up as the daughter of a pastor who quietly performed exorcisms left marks she didn't recognize at the time. Certain rooms felt heavy. Certain places demanded escape. And sadness followed her long before she understood why.Years later, after getting sober, she realized something unsettling: the despair, the crushing cold, and the urge to drink all returned in one specific place—her home. On deployment, surrounded by routine and people, she felt clear and stable. At home, the cold waited. It moved with her. Watched her. Fed on isolation and weakness.When objects began moving—lifted, not tipped—she understood it wasn't a haunted house or cursed antiques. Those items had only given something permission to lean closer.The truth was harder to face: whatever lingered wasn't interested in walls. It was interested in her boundaries. And once she stopped feeding it fear, exhaustion, and escape—the cold began to lose its grip.#TrueParanormal #SpiritualAttachment #SobrietyAndTheSupernatural #UnexplainedExperiences #ParanormalAwareness #HauntedObjects #RealGhostStories #EntityAttachment #TrueGhostStory #Boundaries Love real ghost stories? Don't just listen—join us on YouTube and be part of the largest community of real paranormal encounters anywhere. Subscribe now and never miss a chilling new story:

She never thought of herself as sensitive—just practical, cautious, and aware of her surroundings. But growing up as the daughter of a pastor who quietly performed exorcisms left marks she didn't recognize at the time. Certain rooms felt heavy. Certain places demanded escape. And sadness followed her long before she understood why.Years later, after getting sober, she realized something unsettling: the despair, the crushing cold, and the urge to drink all returned in one specific place—her home. On deployment, surrounded by routine and people, she felt clear and stable. At home, the cold waited. It moved with her. Watched her. Fed on isolation and weakness.When objects began moving—lifted, not tipped—she understood it wasn't a haunted house or cursed antiques. Those items had only given something permission to lean closer.The truth was harder to face: whatever lingered wasn't interested in walls. It was interested in her boundaries. And once she stopped feeding it fear, exhaustion, and escape—the cold began to lose its grip.#TrueParanormal #SpiritualAttachment #SobrietyAndTheSupernatural #UnexplainedExperiences #ParanormalAwareness #HauntedObjects #RealGhostStories #EntityAttachment #TrueGhostStory #Boundaries Love real ghost stories? Don't just listen—join us on YouTube and be part of the largest community of real paranormal encounters anywhere. Subscribe now and never miss a chilling new story:

2025 was a stellar year for investors—but will the same playbook work in 2026? In this episode of Payne Points of Wealth, Ryan Payne, Bob, Chris, and special guest Aaron Dessen kick off the new year by reflecting on an unexpected, across‑the‑board winning year in markets—and then pivot to what really matters now: what could derail your portfolio in 2026. The team breaks down 5 key hurdles investors must watch in the coming year, including geopolitical shocks, Fed rate cuts, the dangers of sitting in cash, speculative “casino‑like” market behavior, and the growing risk of chasing last year's returns. From surprise upside volatility during global conflicts to why money markets are not a long‑term solution, this episode challenges many of today's popular investing assumptions. You'll also hear a candid discussion on: Why no one—not even experts—can reliably predict markets The hidden risks of FOMO in late‑stage bull markets Whether gold, silver, and commodities still belong in portfolios after a big run The difference between investing and speculating in leveraged ETFs and momentum trades Why diversification and discipline matter more than ever in hot economic conditions In the second half of the show, the team performs a real‑world Financial Autopsy, analyzing the portfolio of a retired couple in their late 70s. Aaron walks through how excessive equity exposure, high‑fee mutual funds, and poor tax efficiency put retirees at serious risk—despite “good performance” on paper. The group highlights how reallocating toward income, reducing downside risk, and aligning investments with actual retirement goals can dramatically improve peace of mind. This episode is a powerful reminder that: Bull markets reward confidence—but they also hide risk. Whether you're approaching retirement, already retired, or just wondering how to position your portfolio for an unpredictable 2026, Episode 228 delivers timely perspective, practical insights, and a healthy dose of market realism. Don't miss this essential start‑to‑the‑year conversation.

January 9, 2026 – What's in store for the markets and economy 2026? From wild market forecasts to the rise of AI CEOs and even regime changes, the 2026 outlook is packed with surprises. In our biggest show for the year, Jim Puplava dives into Wall Street...

2025 may not have been a failure for Bitcoin but a crucial setup for a massive liquidity-driven surge in 2026, requiring $8 trillion to support debt interest payments. Raoul Pal explains how liquidity—not narratives—dominates price action, the Fed's diminished role due to fiscal dominance, and how AI, tokenization, and smart contracts will transform crypto and global markets. Despite setbacks like government shutdowns and market overhangs, institutional adoption and technological integration position 2026 as a pivotal year for a potential crypto bull run and economic shift.

SHOW1-8-2026THE SHOW BEGINS IN DOUBTS ABOUT THE SARCASTIC INVENTION, THE DON-ROE DICTRINE..SPHERES OF INFLUENCE AND THE RETURN OF THE MONROE DOCTRINE Colleague Anatol Lieven, Quincy Institute for Responsible Statecraft. Anatol Lieven argues that "spheres of influence" have returned, with the US reasserting the Monroe Doctrine in the Western Hemisphere and threatening to seize Greenland. Unlike traditional alliances, this approach risks alienating fellow democracies. Lieven contrasts this with Russia's territorial ambitions in the former Soviet Union and China's historic regional goals. NUMBER 1COLD WAR TACTICS: THE SEIZURE OF A RUSSIAN TANKER Colleague Anatol Lieven, Quincy Institute for Responsible Statecraft. Lieven discusses the US Navy's detention of a Russian-flagged ship in the North Atlantic, viewing it as a dangerous escalation akin to piracy. This move humiliates Moscow and aims to control oil supplies. Lieven warns that if European nations mimic these seizures, Russia may retaliate violently, risking a direct war. NUMBER 2THE SUPREME COURT AND THE MYTH OF THE UNITARY EXECUTIVE Colleague Richard Epstein, Civitas Institute. Richard Epstein challenges the view that the Roberts Court blindly supports a "unitary executive." He argues the Court is correctly questioning the constitutionality of independent administrative agencies, like the FTC, which insulate officials from presidential removal. Epstein contends that relying on case counts ignores the specific legal merits regarding separation of powers. NUMBER 3TRUMP V. ILLINOIS: LIMITING PRESIDENTIAL POWER OVER THE NATIONAL GUARD Colleague Richard Epstein, Civitas Institute. Discussing a recent unsigned Supreme Court order, Epstein notes the Court upheld a decision preventing the President from deploying the National Guard without a governor's consent. This ruling contradicts claims of judicial bias toward the executive, affirming that the President cannot simply declare an emergency to override state sovereignty. NUMBER 4ONE YEAR LATER: ANGER AND STAGNATION AFTER THE PALISADES FIRE Colleague Jeff Bliss, Pacific Watch. A year after the Palisades fires, Jeff Bliss reports that residents remain angry over government inaction. Rebuilding is stalled by the Coastal Commission's strict regulations, and fuel loads in canyons remain high due to environmental restrictions on brush clearing. The fires, driven by Santa Ana winds, highlight systemic bureaucratic failures in Los Angeles. NUMBER 5#SCALAREPORT: AI AND ROBOTICS DOMINATE CES Colleague Chris Riegel, CEO of Scala.com. Reporting from CES, Chris Riegel highlights the dominance of AI and robotics, from household droids to military applications. While the tech sector booms with massive infrastructure spending, Riegel warns of a "K-shaped" economy where Main Street struggles with softening demand, masking the wealth concentrated in artificial intelligence and data centers. NUMBER 6LANCASTER COUNTY: AMISH SPENDING AND DATA CENTER GROWTH Colleague Jim McTague, Author and Former Barron's Editor. Jim McTague reports that the Lancaster County economy remains robust, evidenced by heavy Amish spending at Costco and thriving local businesses like Kegel's Produce. Despite some local protests, data centers are being built on old industrial sites. McTague sees no need for Fed rate cuts given the stable local economy. NUMBER 7THE NUCLEAR ESCROW: MANAGING PROLIFERATION AMONG ALLIES Colleague Henry Sokolski, Nonproliferation Policy Education Center. Henry Sokolski warns that allies like Poland, Turkey, and South Africaare considering nuclear weapons due to eroding trust in US guarantees. He proposes a "nuclear escrow" account: storing refurbished warheads in the US for allies to deploy only during crises, providing leverage without permanently stationing targets on foreign soil. NUMBER 8THE SIEGE OF 717 AND THE VOLCANO OF THERA Colleague Professor Ed Watts, Author of The Romans. In 717 AD, Arab forces besieged Constantinople but failed due to the city's massive walls and "Greek fire." Professor Watts explains that a subsequent volcanic eruption in Thera was interpreted as divine punishment for the empire's sins, leading to a spiritual crisis and the rise of iconoclasm to appease God. NUMBER 9THE STUPIDITY OF SUCCESSORS: MANUEL AND ANDRONICUS Colleague Professor Ed Watts, Author of The Romans. Manuel Komnenos favored grand gestures over systemic stability, weakening the Roman state. His successor, Andronicus, was a nihilistic sadist whose tyranny and family infighting destabilized the empire. Watts details how the refusal to punish rebellious family members created a culture of impunity that eventually led to a violent overthrow. NUMBER 10THE CRUSADES: FROM COOPERATION TO CONFLICT Colleague Professor Ed Watts, Author of The Romans. Relations between East and West collapsed during the Crusades. While the First Crusade cooperated with Rome, the Second and Third turned hostile, with Crusaders seizing territory rather than returning it. Watts notes that the theological schism of 1054 and cultural distrust entrenched this division, setting the stage for future betrayal. NUMBER 111204: THE SACK OF CONSTANTINOPLE AND THE END OF CONTINUITY Colleague Professor Ed Watts, Author of The Romans. The Fourth Crusade, diverted by Venetian debt, sacked Constantinople in 1204, burning the city to quell resistance. Watts argues this marked the true end of the ancient Roman state. The meritocratic system collapsed, and elites like Nicetas Choniates lost everything, severing the 2,000-year political continuity of the empire. NUMBER 12VENEZUELA: THE REGIME SURVIVES MADURO'S EXIT Colleague Mary Anastasia O'Grady, Wall Street Journal. Despite Maduro's removal, the Venezuelan regime remains intact under hardliners Delcy Rodriguez and Diosdado Cabello. Mary Anastasia O'Grady notes that repression continues, and European oil companies are hesitant to invest. The regime feigns cooperation to avoid US intervention, but genuine recovery is impossible without restoring the rule of law. NUMBER 13RUSSIA'S OIL CRISIS AND REGIONAL DEFICITS Colleague Michael Bernstam, Hoover Institution. Russiafaces a financial crisis as oil prices drop below $60 per barrel. Michael Bernstam explains that increased global supply forces Russia to sell at deep discounts to China and India, often below cost. This revenue loss prevents the Kremlinfrom paying soldiers, sparking severe regional budget deficits. NUMBER 14EUROPEAN FREEZE AND THE MYTH OF BOOTS ON THE GROUND Colleague Simon Constable, Journalist and Author. A deep freeze hits Southern Europe while commodity prices like copper rise. Simon Constable reports on the UK's bleak economic mood and dismisses the feasibility of British or French "boots on the ground" in Ukraine. He notes that depleted military manpower makes such guarantees declarative rather than substantial. NUMBER 15ARTEMIS 2 RISKS AND THE SEARCH FOR LIFE IN SPACE Colleague Bob Zimmerman, BehindtheBlack.com. Bob Zimmerman urges NASA to fly Artemis 2 unmanned due to unresolved Orion heat shield damage, arguing safety should trump beating China. He also dismisses concerns about lunar methane contamination and highlights a new study suggesting ice caps could allow liquid water lakes to exist on Mars. NUMBER 16

Dan Nathan and Guy Adami host Mike Wilson, Chief U.S. Equity Strategist and CIO at Morgan Stanley. The conversation covers the impact of inflation on stocks, the Federal Reserve's stance on interest rates, and the current state of the employment market. Mike emphasizes the Fed's priority on funding the deficit and job growth over controlling inflation. The discussion includes the role of AI in corporate productivity, sector-specific investment opportunities, and the intricacies of the IPO and M&A markets. Mike also addresses potential deflationary forces, equity risk premiums, and the broader economic implications of industrial and consumer good sectors. Throughout, they highlight the importance of staying tactical and adaptable in investment strategies. —FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media

Jan 9, 2026 – Mish Schneider joins Jim Puplava to discuss striking parallels between 1966 and 2026, from potential market peaks to social upheaval and protests with a mid-year election on the way. They explore broadening rallies, commodity surges...

Carl Quintanilla, Jim Cramer and David Faber led off the show with market reaction to the December employment report: Non-farm jobs growth came in lower than expected, up 50,000. The unemployment rate fell to 4.4%. National Economic Council Director Kevin Hassett joined the program with White House reaction to the results. The anchors and Hassett discussed him being in the running for Fed chair, the Supreme Court's upcoming decision on tariffs and what to expect from President Trump's Friday meeting with oil CEOs about reviving production in Venezuela. Also in focus: The stocks surging on Meta's nuclear deals, Amazon's pharmacy to offer Novo Nordisk's Wegovy pill.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jon Hilsenrath, former journalist at the Wall Street Journal, joins the Inside Economics crew to discuss the December jobs report and the Fed. The team breaks down the latest employment data and debates whether the report is “fine” or “anemic”. The focus then shifts to the Fed for a wide-ranging conversation about where interest rates are headed and whether Fed independence is in doubt. Jon argues that independence is already compromised and likely to get worse. Guests: John Hilsenrath and Dante DeAntonio, Senior Director of Economic Research, Moody's AnalyticsHosts: Mark Zandi – Chief Economist, Moody's Analytics, Cris deRitis – Deputy Chief Economist, Moody's Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody's AnalyticsFollow Mark Zandi on 'X' and BlueSky @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn Questions or Comments, please email us at helpeconomy@moodys.com. We would love to hear from you. To stay informed and follow the insights of Moody's Analytics economists, visit Economic View. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Hour 3 for 1/9/26 Drew and Peter Grandich discuss the markets (4:40), if we have a food crisis (15:26), early warning signs (20:37), and spending (22:15). Then, Bill Glahan covers the recent events in MN including the ICE shooting and fraud (32:29). Topics/Calls: remote learning (42:23), caller: I think the Fed is wrong (43:38), and I think people getting paid to block ICE (46:56). Link: https://www.morningstar.com/news/marketwatch/20260109169/social-security-crisis-could-leave-us-retirees-worse-off-than-those-in-poorer-countries-like-ecuador-and-poland https://youtu.be/m7Jmtzkqgsw?si=kdLw-qvERo75kGxJ https://www.americanexperiment.org/about/staff/bill-glahn-2/

Book a call: https://remnantfinance.com/calendar ! Email us at info@remnantfinance.com !Visit https://remnantfinance.com for more informationFOLLOW REMNANT FINANCEYoutube: @RemnantFinance (https://www.youtube.com/@RemnantFinance )Facebook: @remnantfinance (https://www.facebook.com/profile.php?id=61560694316588 )Twitter: @remnantfinance (https://x.com/remnantfinance )TikTok: @RemnantFinanceDon't forget to hit LIKE and SUBSCRIBEThis episode dives into the macroeconomic chaos of 2025. Hans breaks down the yen carry trade, quantitative easing, and why the 10-year Treasury isn't budging despite Fed rate cuts. Brian connects it back to what matters: how you position your family's finances when nobody knows what's coming next.The tension is real. On one hand, the debasement trade says go long equities—they're going to keep printing money and asset prices will rise. On the other hand, forward P/E ratios are at 23x, historically correlated with flat or negative real returns over the next decade. And then there's AI—a real time Black Swan breaking every economic model we thought we understood.Chapters:00:00 – Opening segment01:25 – 2025 macro overview: building resilience against all outcomes05:05 – Fed rate divergence: Japan raising while the US cuts06:55 – The yen carry trade explained10:30 – Quantitative easing: how the Fed creates money through primary dealers13:45 – The Cantillon effect and why Wall Street benefits first15:15 – Congress is the root cause, not the Fed17:05 – Why Austrian economists were partially wrong about 2008 QE19:30 – Will this round of QE hit faster?21:45 – The bond market is calling the Fed's bluff25:45 – The case for growth assets in an inflationary environment28:00 – Forward P/E at 23x: what the metric means34:05 – How forward P/E correlates with 10-year returns40:30 – Why you need both growth and guaranteed savings42:00 – The dual paths of wealth: protection and growth45:15 – The house fire story50:10 – AI as the wildcard disrupting all economic models53:05 – The slow-motion Black Swan we're living through56:45 – The 1994 email clip: we're there again with AI59:00 – Closing segmentKey Takeaways:Two Narratives, One Strategy: The inflation/debasement trade says buy growth assets. Elevated P/E ratios say expect flat returns. Both are valid—which is why you need exposure to both growth and guarantees.The Fed Isn't the Root Problem: Congress can't stop spending. The Fed enables it by monetizing debt through quantitative easing. Until spending stops, money printing won't stop.The Bond Market Doesn't Believe the Fed: Rate cuts should lower mortgage rates. They haven't. The 10-year Treasury is rising because bond buyers are pricing in continued inflation and fiscal recklessness.Forward P/E Matters: At 23x, historical data shows a strong correlation with flat inflation-adjusted returns over the next decade. That's not a prediction—it's a data point worth considering.AI Changes Everything (Maybe): What took 30 years of internet development now happens in 12 months with AI. It could accelerate productivity beyond anything we've measured—or it could be a bubble. Nobody knows. Plan accordingly.Book a call: https://remnantfinance.com/calendar ! The Fed just cut rates. Japan just raised theirs to a 30-year high. The bond market is calling the Fed's bluff. And Congress keeps maxing out credit cards while writing their own spending limit increases. What does this mean for your money—and how do you plan when the signals are screaming opposite things?The Dual Paths of Wealth: You're always walking two roads—protection and growth. Whole life insurance designed for IBC lets you do both simultaneously: guaranteed savings you can leverage into growth assets without abandoning either path.

Michael Reinking, NYSE Senior Market Strategist, kicks off 2026 with a look back and ahead. After a volatile Q1, the S&P 500 closed 2025 up 16.4%, marking a third straight year of double-digit gains driven by AI. Fed easing and rotation into small and midcaps shaped Q4, raising questions about whether broadening continues. Geopolitical headlines, including U.S. action in Venezuela, barely rattled markets as oil held steady. With indices near record highs and key data and earnings season ahead, investors enter the new year with cautious optimism.

Sam Stovall of CFRA weighs in on the broader market backdrop, while former Dallas Fed President Richard Fisher unpacks what the data means for the economy, the Federal Reserve, and looming leadership decisions at the Fed. Sarat Sethi of DCLA offering rapid-fire stock takes on Meta, oil, and Nvidia. Precious metals come into focus with Rob Krcmarov, CEO of Hecla, talks gold and silver prices and his company's soaring stock. Adam Crisafulli of Vital Knowledge close out the show with a look ahead to the coming week's catalysts Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, Liz Ann Sonders and Kathy Jones discuss the current state of the markets, focusing on the impact of global events, particularly military actions in Venezuela and how that might affect oil prices and the US economy. They delve into the bond market's response, the influence of retail traders, and the ongoing challenges in the US labor market. The discussion also covers the complexities of Venezuela's potential debt restructuring, the current implications of tariffs on the economy, and the importance of Fed policy and upcoming economic indicators.On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThis material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.Past performance is no guarantee of future results.Investing involves risk, including loss of principal.Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.Currency trading is speculative, very volatile and not suitable for all investors.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The policy analysis provided by Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.(0126-VJ8P) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

US equity futures point to a flat open ahead of key payrolls risk, with Asian markets mostly higher and European equities trading firmer. Today focus is on elevated event risk ahead of Friday's US payrolls report, a potential Supreme Court ruling on IEEPA tariffs as soon as Friday, and the start of Q4 earnings next week led by major banks. Defense stocks outperformed following renewed discussion of a 50% increase in Pentagon spending, reinforcing a broader pro-cyclical rotation away from mega-cap technology. In addition, reports that China may approve limited Nvidia H200 chip imports as early as Q1 are being monitored alongside ongoing rare-earth and export-control tensions, while markets also remain focused on the Fed chair nomination timeline and the US 10-year yield approaching the 4.2% level.Companies Mentioned: Warner Bros. Discovery, Paramount, Boeing, Strava, Inc.

Banks enter 2026 with a positively sloped yield curve, steady deposit growth, and a favorable regulatory environment. The outlook for the economy and Fed policy is highly uncertain, however, posing risks to loan demand, net interest margins, and the appetite for adding duration to balance sheets. In this episode, we talk with FHN Financial's Jon Cantrell and S.J. Guzzo about bank deposit and loan growth in 2026, the ways banks can position for different shapes of the yield curve, and how regulatory changes will impact banks' decisions this year.

LANCASTER COUNTY: AMISH SPENDING AND DATA CENTER GROWTH Colleague Jim McTague, Author and Former Barron's Editor. Jim McTague reports that the Lancaster County economy remains robust, evidenced by heavy Amish spending at Costco and thriving local businesses like Kegel's Produce. Despite some local protests, data centers are being built on old industrial sites. McTague sees no need for Fed rate cuts given the stable local economy. NUMBER 71941 LANCASTER

Welcome to Exponential View, the show where I explore how exponential technologies such as AI are reshaping our future. I've been studying AI and exponential technologies at the frontier for over ten years. Each week, I share some of my analysis or speak with an expert guest to make light of a particular topic. To keep up with the Exponential transition, subscribe to this channel or to my newsletter: https://www.exponentialview.co/ ------ In this episode, Nobel Prize-winning economist Paul Krugman and I discuss how a strong US economy, high asset valuations, and rapid AI adoption are sitting in uneasy tension. We explore what past technology cycles can teach us, why safety nets struggle to address disruption, and where genuine optimism still makes sense. This is a January 2025 rerun, which remains strikingly relevant today. We covered: (01:09) State of the US economy (02:28) "That end of 1999 feeling" (05:08) Insights and lessons from the dotcom bubble (09:57) Why today's market is different (13:44) Understanding AI's role in labor displacement (16:05) Are LLMs "souped-up autocorrect"? (20:14) How job displacement erodes communities (23:40) 2025's looming threat of tariffs (26:16) AI's surprising impact on globalization (30:15) Can markets address inequality? (33:06) The maximum level of sustainable national debt (36:31) When should the Fed raise interest rates? (38:57) The need to revitalize local economies (44:53) Did Paul's 2025 predictions come true? ------ Where to find me: Exponential View newsletter: https://www.exponentialview.co/ Website: https://www.azeemazhar.com/ LinkedIn: https://www.linkedin.com/in/azhar/ Twitter/X: https://x.com/azeem Production by supermix.io and EPIIPLUS1 Production and research: Chantal Smith and Marija Gavrilov. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Learn what 2026 might bring for mortgage rates, home prices, and affordability, plus smart steps to buy or refinance. Will mortgage rates drop in 2026, and is it finally a good time to buy a home? How can you get your finances ready to buy or refinance, even if prices still feel out of reach? Hosts Sean Pyles and Elizabeth Ayoola discuss mortgages and the housing market to help you understand what to watch this year and how to plan your next move. But first, senior news writer Anna Helhoski and NerdWallet senior economist Elizabeth Renter join Sean to discuss what could shape the economy in 2026. They discuss how tariffs may filter into prices, what a cooling labor market could mean for jobs and wages, and why rising household debt delinquencies are a red flag to watch. Then, Abby Badach Doyle, NerdWallet mortgage Nerd, joins Sean and Elizabeth to discuss home buying and refinancing in 2026. They discuss how inventory and mortgage rates shifted through 2025, how Fed rate cuts can influence mortgage rates before they happen, and ways to make the dream of homeownership more realistic. Use NerdWallet's free calculator to see how much house you can afford: https://www.nerdwallet.com/mortgages/calculators/how-much-house-can-i-afford Use NerdWallet's free rent vs buy calculator to find out which option is best for you: https://www.nerdwallet.com/mortgages/calculators/rent-vs-buy-calculator  NerdWallet's free mortgage refinance calculator can help you decide whether to refinance: https://www.nerdwallet.com/mortgages/calculators/refinance-calculator   See all of NerdWallet's 2026 Best-Of Awards: https://www.nerdwallet.com/l/awards?utm_source=sm&utm_medium=podcast&utm_campaign=cm_organic_010826_podcast_sm_desc_allepisodes_best-of-awards  Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header In their conversation, the Nerds discuss: housing market 2026, mortgage rates 2026, home prices 2026, 30-year mortgage rate, mortgage refinance, refinance calculator, when to refinance, home affordability, down payment assistance, closing cost assistance, first-time homebuyer programs, buying a house in 2026, house hunting in January, winter home buying, seller's market vs buyer's market, housing inventory, housing supply, home buying budget, rent vs buy calculator, rent vs buy, credit score for mortgage, saving for a house, emergency savings, moving costs, closing costs, homeowners insurance costs, wildfire risk insurance, home repairs budget, buyer's agent, inflation and mortgage rates, Fed rate cuts and mortgages, tariffs and inflation, and household debt delinquency. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is gold really rising because of Fed rate cuts—or is something far bigger happening? Taylor breaks down the data, exposes the media lies, and shows how to protect your wealth in the face of a global monetary reset.Questions on Protecting Your Wealth with Gold & Silver? Schedule a Strategy Call Here ➡️ https://calendly.com/itmtrading/podcastor Call 866-349-3310

US equity futures point to a softer open, with Asian markets generally weaker and European equities narrowly mixed. Today's focus is on a pause in the recent pro-cyclical rally as geopolitical risks and upcoming event risk weigh on sentiment. Energy and financials underperformed amid renewed uncertainty around Venezuela developments, while Trump's social media comments on restricting institutional housing investment and curbing defense-sector buybacks added to sector-specific volatility. Moreover, macro data sent mixed signals, leaving Fed expectations broadly unchanged. Investors are now looking ahead to Friday's payrolls report, the pending Supreme Court ruling on Trump tariffs, and the next round of earnings and policy decisions as near-term catalysts.Companies Mentioned: Nvidia, Chevron, Eli Lilly, Ventyx Biosciences

If you've been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I'd encourage you to head to our website, jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) . Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy—once you land at jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) just click “Schedule Initial Call” and select a time that works best for you!There's a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you're ready to learn more, visit jessupwealthmanagement.com (https://www.jessupwealthmanagement.com/) and book your call today!Take advantage of our partnership with LifeLock and get discounts using our link:https://lifelock.norton.com/offers?expid=LLONEYEAR&promocode= JSPW24&VENDORID= _JESSUPWM&om_ext_cid=ext_partner_ JSPW24_Productpage $)Market performance & interest rate outlook – 03:40Federal Reserve rate cut expectations & jobs report impact – 09:55Government shutdown risk (Feb 2026) – 12:50Supreme Court rulings on tariffs & Fed authority – 14:00Fed Chair transition & political influence on policy – 15:30Rate cut expectations vs. Wall Street consensus – 17:50USMCA trade review & supply chain impacts – 18:45Auto tax incentives & consumer stimulus – 20:452026 midterm election risks – 22:40AI infrastructure & data center investment – 25:50Community resistance to data centers – 28:40Energy demand, grid upgrades & nuclear – 30:10Defense spending & aerospace opportunities – 31:50Supply chain resilience & nearshoring – 32:50M&A activity outlook – 33:15Bond market volatility & safe-haven assets – 34:50Earnings growth expectations for 2026 – 35:40K-shaped consumer spending trends – 36:40China–Taiwan geopolitical risk – 39:30Market technicals & compression signal – 41:502025 asset class performance review – 44:30Dollar strength & international investing risks – 46:00Earnings season timeline & volatility – 49:50Visa & MasterCard as consumer spending indicators – 51:40

Fed prosecutor warns more arrests coming after ‘massive' fraud found in California homeless services: ‘We followed the money', California Voter ID Initiative Surpasses 1 Million Signatures, Rep. Darrell Issa, Mehek Cook and Aaron Kirman join the show. Check Out Our Partners American Financing: Save with https://www.americanfinancing.net/benny NMLS 182334, nmlsconsumeraccess.org. APR for rates in the 5s start at 6.327% for well qualified borrowers. Call 888-528-1219 or americanfinancing.net/Benny, for details about credit costs and terms 120Life: “120/Life is a natural drink that supports healthy blood pressure. See better numbers in 2 weeks or your money back by saving 20% with code BENNY at http://www.120life.com/ ” BEAM: http://shopbeam.com/BENNYSHOW , use code BENNYSHOW MASA CHIPS: Go to http://www.masachips.com/BENNY and use code BENNY for 25% off your first order Learn more about your ad choices. Visit podcastchoices.com/adchoices

Andy is joined by Dr. John Cochrane, Senior Fellow at the Hoover Institution at Stanford University, for a deep dive into fiscal theory, inflation, and the forces shaping today's global economy. Dr. Cochrane explains the fiscal theory of the price level and why inflation is ultimately driven by government debt and confidence in government bonds. Using the Eurozone as a case study, he explores the challenges of maintaining a monetary union without a corresponding fiscal or political union. The conversation also turns to artificial intelligence, examining how AI may disrupt employment in the short term while increasing productivity, wealth, and long-term economic growth. What You'll Learn in This Episode: - What the fiscal theory of the price level really says about inflation - Why government debt and credibility matter more than money printing alone - The Fed's role in balancing monetary and fiscal policy - Why the Euro highlights risks of monetary union without fiscal unity - How AI could reshape jobs, productivity, and economic growth Action Items - Explore Dr. John Cochrane's (available on Amazon) - Visit johnhcochrane.com for essays and free materials on fiscal theory Want to Learn More? Visit cashflowbonus.com to access free investing resources, including the ebook and action items discussed in this episode.

In this episode of the Massive Passive Cashflow Podcast, Gary sits down with Terry Roberts, a seasoned mortgage broker with over 15 years of lending experience and a deep specialization in VA loans, investor financing, and non-traditional mortgage strategies. Terry shares his powerful journey—from homelessness, being a high school dropout, and a teenage father, to serving nine years in the U.S. Marine Corps and ultimately becoming a nationwide mortgage broker with access to 160+ lenders. His unique background in military leadership, business operations, and mortgage innovation gives him a rare perspective on how financing really works behind the scenes. Throughout the conversation, Terry breaks down why working with a mortgage broker vs. a retail bank loan officer can dramatically expand financing options for buyers and investors. He explains how veterans can strategically use VA loans to acquire duplexes, triplexes, and fourplexes with little to no money down, how eligibility truly works, and how military families can build long-term wealth through real estate. We also dive deep into investor-focused loan programs most agents don't even know exist—such as asset depletion loans, rental-income-based financing, and loans that don't require tax returns, W-2s, or traditional income documentation. Terry explains how these options open doors for 1099 earners, real estate agents, retirees, developers, and foreign investors looking to invest safely in U.S. real estate. The episode wraps with a candid discussion on interest rates, Fed rate cuts, the 10-year Treasury, refinance strategies that actually make sense, and why trying to time the market often costs investors more in the long run. Whether you're a real estate agent, investor, veteran, or buyer trying to navigate today's complex lending landscape, this episode delivers clarity, strategy, and practical insights you can apply immediately.     What You Will Learn: How mortgage brokers unlock better loan options than traditional banks The real difference between a broker and a retail loan officer How veterans can use VA loans to build wealth with little to no money down Using VA loans for duplexes, triplexes, and fourplexes How VA entitlement actually works (and why it's not based on property count) Investor loan options that don't require tax returns, W-2s, or pay stubs How rental-income-based loans work for investors and 1099 earners Asset depletion loans for retirees and high-net-worth investors Financing strategies for real estate agents who can't qualify traditionally Loan options for land, development, and mixed-use projects Can foreign nationals invest in U.S. real estate? (Yes—and how) Why Fed rate cuts don't directly control mortgage rates Why the 10-year U.S. Treasury matters more than Fed announcements When refinancing makes sense—even if your interest rate increases How refinancing can eliminate high-interest debt and improve cash flow Simple ways to lower monthly payments without refinancing Why relationships—not transactions—drive long-term success in real estate     Links & Resources: Facebook: https://www.facebook.com/TerryRobertsNMLS397987 Instagram: https://www.instagram.com/mortgagetipdaily LinkedIn: https://www.linkedin.com/in/terrydroberts/ Youtube: https://www.youtube.com/@mortgagetipdaily Website: terryroberts.com Email: troberts@emortgagecapital.com Attention Investors and Agents: Are you ready to scale your real estate business and connect with like-minded professionals?

Don't look now but the people of Iran may well be the next country's population to see a dictator deposed. Stigall welcomes Alireza Jafarzadeh of the National Council of Resistance of Iran and author of "The Iran Threat." Today is also what Julie Kelly calls "Fed-surrection" day. Jack Smith testified last week and we're not hearing a lot. Julie is all over it. There's a big primary battle in Texas for Senate and Wesley Hunt who represents the 38th District in the House wants that seat in the Senate. He and Stigall discuss the military strategy of last weekend in Venezuela and what he sees Congress accomplishing in 2026. Plus Steve Moore on why Venezuela and its economy is an entirely different structure than discussions of Iraq or Afghanistan and why so many other countries seem to be turning around their economic fortunes. - For more info visit the official website: https://chrisstigall.com Instagram: https://www.instagram.com/chrisstigallshow/ Twitter: https://twitter.com/ChrisStigall Facebook: https://www.facebook.com/chris.stigall/ Listen on Spotify: https://tinyurl.com/StigallPod Listen on Apple Podcasts: https://bit.ly/StigallShowSee omnystudio.com/listener for privacy information.

For years, money market funds have paid 5%, but as the Fed shifts policy, we will explain why sitting in cash might be the biggest risk to your income in 2026.Today's Stocks & Topics: Rocket Lab Corporation (RKLB), Mueller Water Products, Inc. (MWA), Market Wrap, “The "Cash Trap" of 2026”, Berkshire Hathaway Inc. (BRK-A), LyondellBasell Industries N.V. (LYB), Inflation Driven by AI, Water Investment Opportunities, Alcoa Corporation (AA), Kaiser Aluminum Corporation (KALU), Foreign Stocks.Our Sponsors:* Check out ClickUp and use my code INVEST for a great deal: https://www.clickup.com* Check out Invest529: https://www.invest529.com* Check out Progressive: https://www.progressive.comAdvertising Inquiries: https://redcircle.com/brands

This Episode Chris Lopez and Jim Pfeifer sit down with Scott Trench for a frank 2025 recap and a practical 2026 game plan. Scott reviews what he got right (rates staying sticky, supply-driven rent trends) and where the surprises showed up (gold strength, stock market resilience), then opens his playbook: selling a chunk of stocks, buying paid-off 2–4 unit Denver rentals, and allocating a small slice of retirement capital to private credit via a solo 401(k). Looking ahead, Scott focuses on multifamily supply tapering, demand uncertainty, and the 10-year vs. Fed funds dynamic. He also lays out a contrarian Class A office thesis (all equity, patient lease-up, operator quality over leverage) and shares how LPs might think about accessing similar opportunities. Key Takeaways Interest rates: policy cuts may not translate to lower mortgages if the 10-year stays elevated Supply and rents: 2026 likely absorbs the 2024–2025 wave, with rent strength returning market by market Portfolio moves: swapped high-multiple equities for paid-off small multifamily; reserved retirement dollars for simple-yield private credit Risk posture: early-career aggression → mid-career capital protection; leverage optionality comes later Office angle: best-in-market, newer assets with patient, all-equity business plans may offer asymmetric upside LP lens: prioritize operator track records in one geography, modest leverage, and realistic lease-up/tenant improvement budgets Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast.

Subscribe to the Jim Paulsen Show on Apple Podcasts⁠⁠https://podcasts.apple.com/us/podcast/the-jim-paulsen-show/id1828054999⁠⁠Subscribe on Spotify⁠⁠https://open.spotify.com/show/3QaBDVGuBZ3cZfFZ4mqPFc⁠⁠In this episode of the Jim Paulsen Show, Jim Paulsen joins Jack Forehand and Justin Carbonneau to break down what the economy and markets may really be signaling beneath the headline numbers. Drawing from his recent outlook and long history studying market cycles, Jim explains why growth may be weaker than it appears, how policy lags are shaping the outlook, and why today's market looks very different from past late-cycle environments. The conversation explores the divide between the “new era” economy and the rest of the market, what that means for investors in 2026, and where opportunities may be emerging as monetary and fiscal policy begin to shift.Topics covered in this episode• Why headline GDP growth may be overstating the true strength of the economy• How trade distortions are affecting recent GDP data• The concept of a “no-shaped economy” and the divide between new era and old era businesses• Labor market signals that suggest economic sluggishness beneath the surface• Why this may be one of the most disliked bull markets in history• The role of policy lags and why easing could matter more than investors expect• How market concentration has shaped returns over the last several years• Warning signs emerging within the technology sector• The relationship between corporate cash levels, R&D spending, and tech leadership• Why market breadth and old era sectors may become more important going forward• Thoughts on bonds, stocks, commodities, gold, and portfolio positioning• Why international and emerging markets could benefit from a weaker dollar• How investors might think about diversification in an unusual market cycleTimestamps00:00 Introduction and key themes from Jim's outlook03:00 Why the economy may be weaker than GDP headlines suggest06:00 Labor market signals and recession-like dynamics12:00 Policy lags, the Fed, and why growth could soften further15:00 Market performance after multiple strong years18:00 The no-shaped economy and the split between new era and old era24:00 Strange market signals at all-time highs27:00 Valuations, sentiment, and why pessimism matters29:00 Fed easing expectations and consensus forecasts35:00 Warning signs for technology stocks42:00 Corporate cash, R&D spending, and tech leadership risks47:00 Portfolio construction and asset allocation thinking55:00 Final thoughts on opportunities and risks ahead

Markets are quietly sending important signals beneath the surface. Energy led early gains Monday, but strength broadened into financials as capital continued rotating from growth into value stocks. Over the past several weeks, value has steadily outperformed growth, while leadership has begun shifting away from mega-cap stocks into more underlying areas of the market. Notably, the S&P equal-weighted index reached a new all-time high, even as the cap-weighted index lagged. The performance gap between the two has narrowed from roughly 10% to about 6%, signaling improving market breadth. This rotation suggests investors are becoming more selective while positioning more defensively amid the potential for higher volatility. Technically, markets remain above the 20-day moving average and are close to triggering a short-term MACD buy signal. If follow-through continues near all-time highs, an upside breakout could provide additional tailwinds in the near term. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer --- Watch the Video version of this report on our YouTube channel: https://www.youtube.com/watch?v=sttQ3aaH4Rc&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 --- Articles mentioned in this report: 2026 Market Outlook Based On Valuations https://realinvestmentadvice.com/resources/blog/2026-market-outlook-based-on-valuations/ "Fed's Soft Landing Narrative Meets Economic Data" https://realinvestmentadvice.com/resources/blog/feds-soft-landing-narrative-meets-economic-data/ --- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketBreadth #SectorRotation #ValueStocks #MarketOutlook #StockMarketToday

Mentor Sessions Ep. 046: Bitcoin 2026 Bull Run, TradFi Myths & Fed Liquidity Secrets | Joe ConsortiWhat if TradFi's bearish take on Bitcoin 2026 is dead wrong, and critically low bank reserves are the hidden Fed spark igniting an epic Bitcoin bull run? In this explosive episode of BTC Sessions, macro wizard Joe Consorti dismantles TradFi myths, revealing why Bitcoin volatility is at record lows—historically a screaming buy signal for massive upside. He exposes how plunging bank reserves act as Bitcoin's ultimate liquidity smoke alarm, with Fed interventions like $40B treasury buys set to flood the system and propel Bitcoin higher amid rising unemployment and asset prices bubble risks. Joe warns of long-term holders flipping from sellers to accumulators, ending the pressure that's kept Bitcoin range-bound, and predicts an explosion by year's end as we're just at the start of a multi-year bull market. From precious metals rotations to AI shovels outperforming, he shares why Bitcoin crushes gold as superior hard money—plus, how Horizon lets homeowners convert equity to BTC for 25-70% CAGR gains. If you're stacking sats, this is your roadmap to navigate 2026's Bitcoin bull run, dodging TradFi traps and capitalizing on Fed liquidity waves. Don't miss these game-changing insights—watch now and level up your Bitcoin strategy!About Joe ConsortiWebsite: https://joinhorizon.comX: @JoeConsortiYouTube: https://www.youtube.com/ ⁨@joeconsorti⁩ Chapters:00:00:00 Teaser & Intro00:01:12 TradFi's 2026 Myths00:03:14 Cycle Break & Bull Signals00:05:59 Equities & Metals Outlook00:07:28 Bitcoin Downside Exhaustion00:09:52 Range & Low Volume Causes00:11:26 Volatility as Upside Precursor00:14:13 Reserves as 2026 Catalysts00:16:23 Reserves-Bitcoin Correlation00:17:54 Liquidity Smoke Alarm00:20:10 On-Chain Holders Flip00:23:48 Seller Exhaustion Bullish00:25:55 Reserves Mechanics & Decline00:30:15 Macro Risks & Worsening00:31:27 Economy, Unemployment Outlook00:37:35 COVID Distortions Legacy00:39:45 Asset Prices Bubbles00:41:35 Investments Beyond Real Estate00:42:57 Gold vs Bitcoin Debate00:45:18 AI Opportunities & Miners00:47:23 Policy Shifts & Central Banks00:50:59 US Real Estate & Mortgages00:53:51 Bitcoin Fixes for Youth00:55:25 Horizon Equity Tool00:56:16 Canada Real Estate Rant00:57:46 S-Curve Adoption Potential00:58:27 Gold Parabolic Parallels01:01:32 2026 Prediction01:03:17 ClosingPrevious Episode:Mentor Sessions Ep. 045: Bitcoin Privacy Erosion, Quantum Myths & AI Data Threats | Time Chain Calendar Creator TC: https://youtu.be/H1ncnMF-img⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at abundantmines.com/sessions

Mike Armstrong and Paul Lane discuss the Fed's six big challenges in 2026. Matt Gagnon (CEO Maine Policy Institute & Morning Show Host WGAN Portland) joins the show to chat about the impact of the increases to minimum wage. How are some older job seekers breaking through the bruising labor market? Hiring in the age of AI means proving you need a human. A mystery trader made $400,000 betting on Maduro's downfall.

“I don't know how consequential the January theory is anymore,” says Jake Dollarhide, referencing the market adage that as goes January so goes the year. The Fed has “one rate cut in it,” he argues, looking at the makeup of hawks and doves on the board. It'll all come down to the jobs reports – and he thinks unemployment could hit 5%. Jake is looking for an “official rotation” in markets this year.======== 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

Investors will keep focusing on market fundamentals, says Sam Stovall. Though he expects a good year, he warns that historically, we're reaching the end of a pattern for double-digit gains. He highlights tech, utilities, and communication services, and potentially financials. Turning to the Fed, he doesn't expect the first cut until April. He explains what a failed Santa Claus rally could mean for January trading, which often previews the rest of the year.======== 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

Markets are sitting near record highs, but are investors overlooking key warning signs? Tyler Wood of the Chartered Market Technicians Association joins Andrew Wilkinson to break down Fed policy, sector rotation, AI enthusiasm, commodities, and the technical signals that could shape market risk and opportunity heading into 2026.

En este episodio de VG Daily, Juan Manuel de los Reyes y Andre dos Santos se meten de lleno en una pregunta clave para 2026: ¿quién viene después de Jerome Powell al frente de la Fed y cómo se elige realmente al presidente del banco central más influyente del mundo? A partir de ahí, conectan la política en Washington, la arquitectura institucional de la Fed y el nuevo ciclo de recortes de tasas para entender qué está en juego para los mercados globales.

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureThe [CB] system is being dismantled, Trump getting control of the oil will begin to bring prices down further, once Iran has regime change, it is game over for the [DS]/[CB] system. Gas prices will fall further when the US begins to drill. The [CB] debt is in violation of the constitution and most it will most likely be wiped out and the [CB] will cease to exist. The [DS] is panicking, from dictators, fake news and the D’s they are all panicking. The [DS] world is now coming to and end and it is being exposed and dismantled for the world to see. The [DS] is no longer in control, the patriots are. Trump and team sent a clear message, everything you are seeing is to return the power back to the people. Economy (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/KobeissiLetter/status/2007823029846372858?s=20 https://twitter.com/Geiger_Capital/status/2008196746653151644?s=20 https://twitter.com/echodatruth/status/2008056541627228502?s=20   to $1 TRILLION in Latin American precious metals, including Venezuelan supply. Let that sink in. An $8 BILLION state-of-the-art facility, jointly backed by Wall Street capital and the U.S. Department of Defense, now sits at the center of the supply chain. This isn't about invasion. This is about control, security, and price discovery. • Physical metals moving out of unstable regions • Refining brought back under U.S. oversight • Paper markets losing influence • Strategic metals secured for energy, defense, and AI When governments build first and explain later, it's not speculation, it's preparation. Silver isn't being hyped. It's being positioned. Know What You Hold.  https://twitter.com/profstonge/status/2008176575833948484?s=20  roads 4. Bankruptcy, counterfeiting, piracy laws 5. Patents and copyrights 6. Regulate commerce with foreign nations, between states, and with Native tribes 7. Declare war; maintain army, navy, and militia 8. Establish lower federal courts 9. Exercise authority over Washington, D.C. That means roughly 80% of federal spending is, in fact, illegal. Political/Rights https://twitter.com/FBIDirectorKash/status/2007937505296093357?s=20   (up 31%) enough to kill 130 million Americans -Nihilistic Violent Extremism arrests up 490% -Over 6,000 child victims located (up 22%) -Espionage arrests up 35% -Multiple successful surges including Summer Heat which had almost 9,000 arrests in just three months This FBI is saving lives, protecting innocent kids, and taking deadly drugs off our streets at levels not seen in decades. None of it would've been possible without Dan's leadership and support. And he paved the way for even better things to come. Thank you @dbongino .  https://twitter.com/PressSec/status/2008177002608779675?s=20 DOGE Geopolitical https://twitter.com/jsolomonReports/status/2007493457338605628?s=20 https://twitter.com/Leon4Congress/status/2007969020352647528?s=20  2020 indictments, $15 million bounty, and expanded sanctions In 2022, President Biden increased the then-$15 million bounty on Maduro to $25 million. 25million for anyone who can deliver Maduro to America. 2026 Trump executes the orders of Obama and Biden. Who is the joker, hero or villain? Obama , Biden or Trump https://twitter.com/amuse/status/2008198931985879499?s=20  to power. Why? https://twitter.com/robbystarbuck/status/2008061863565852729?s=20 https://twitter.com/mattvanswol/status/2007919000773353481?s=20   https://twitter.com/ElectionWiz/status/2008155905880453463?s=20 https://twitter.com/ColonelTowner/status/2007827528711590045?s=20  https://twitter.com/WallStreetMav/status/2008188125617569887?s=20   start taking back its deported gang members. https://twitter.com/ElectionWiz/status/2007988528677052517?s=20 https://twitter.com/DerrickEvans4WV/status/2008083325802696896?s=20 https://twitter.com/RapidResponse47/status/2008032031876202758?s=20 https://twitter.com/ElectionWiz/status/2008176950427423164?s=20   Trump wants to make a deal with Mexico like he did with the Nigerian government. The cartels are going to be eradicate https://twitter.com/robbystarbuck/status/2007990748910682257?s=20   grandparents, etc. It's been a dream they prayed to witness. 3/4 of my grandparents didn't survive to see it. Attached are some photos of my Grandpa Julio “Papi” who's alive still and my deceased Grandma Martha in Cuba during better times as young love birds. Fidel Castro stole everything but their love and their lives. Same with my other grandparents Rafael and Ophelia and my Mom. They lost everything but their love and their lives. Now there's hope of a free Cuba for our long lost family there and hope of making past wrongs right once again. I'm with President Trump all the way. Cuba should be a rich, island paradise and it can be as a US territory. It's a strategic asset for our safety too as a base of operations to defend our homeland in the mainland US. There's no downside to toppling the communists who've only stayed in power by killing and jailing Cubans for decades. Now is the time. It can also serve as a helpful spot to run any US/Venezuela operations that benefits America instead of a narco pass through entity used by our enemies as a constant threat to American safety. Russia, China, Venezuela and many others have used Cuba to threaten us for long enough. It's time we take control and empower the Cuban people. No American blood needs to be spilled. This can be a massive win for the future of both Cuba and more importantly, for America. It's time for the evil of communism to die. https://twitter.com/AwakenedOutlaw/status/2007882386529542519?s=20 https://twitter.com/FaytuksNetwork/status/2008187454595969240?s=20   rials monthly ($7). https://twitter.com/AwakenedOutlaw/status/2007930486438682861?s=20 https://twitter.com/RyanSaavedra/status/2007978922458444265?s=20   longer had it. He did something and saw the consequences.” The message: Leave now. Ayatollah Khamenei plans to flee to Moscow if Iran unrest intensifies The republic's supreme leader has plotted an exit route out of Tehran should his forces fail to quell dissent, an intelligence report reveals https://twitter.com/disclosetv/status/2008206247808700734?s=20 War/Peace Medical/False Flags [DS] Agenda https://twitter.com/remarks/status/2007947270910841313?s=20 https://twitter.com/EndWokeness/status/2008031475057439076?s=20   Weaver outline how homeowners will need to modify their view on their property ownership to reflect a new municipal perspective that considers all individually owned property to be part of a new collective property viewpoint as controlled by city government. “For centuries we really treated property as an individualized good and not a collective good, in transitioning into treating it as a collective good and towards the model of shared equity … it will mean that families, especially White families … are going to have a different relationship to property than the one that we currently have.” It is likely that Mayor Mamdani and Director Weaver are going to run into some stiff legal opposition as they try to reimagine a world where individuals are not allowed to own property.   https://twitter.com/AAGDhillon/status/2008207308950782417?s=20 https://twitter.com/amuse/status/2007866604139225514?s=20   briefings. After 9/11, New York's mayors kept the NYPD commissioner in a direct, daily intelligence loop. That model is now ending. Mamdani has removed the Commissioner Jessica Tisch direct line to his office, relegating police leadership to the same access level as garbage collection. The shift weakens situational awareness at the top & reflects a belief that Islamic terror threats no longer require mayoral focus. https://twitter.com/EricLDaugh/status/2008183851802337656?s=20 https://twitter.com/wcdispatch/status/2008018760746078438?s=20     done, in my opinion, an even more dishonest and incompetent job. NO ONE IS ABOVE THE LAW! Mugshot Emerges of Deranged Man Accused in Vance Home Attack, VP Blasts Media for Publishing Home Images Authorities have released the mugshot of 26-year-old William DeFoor following his arrest for allegedly attempting to break into Vice President JD Vance’s Cincinnati home with a hammer.   The booking photo, posted by the Hamilton County Justice Center, also lists the charges DeFoor is facing, including vandalism, criminal trespass, criminal damaging or endangering, and obstructing official business. Cincinnati police and Secret Service agents responded swiftly to reports of the vandalism, arriving at the scene to detain the man without further incident. No one was injured, as Vance and his family had already left for Washington, D.C. at that time. https://twitter.com/JDVance/status/2008188525162721647?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2008188525162721647%7Ctwgr%5Ec29f78485445e314b120eda36408e134f4f5245a%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fredstate.com%2Frusty-weiss%2F2026%2F01%2F05%2Fmugshot-emerges-of-deranged-man-accused-in-vance-home-attack-vp-blasts-media-for-publishing-home-images-n2197767   already to DC. One request to the media: we try to protect our kids as much as possible from the realities of this life of public service. In that light, I am skeptical of the news value of plastering images of our home with holes in the windows. Source: redstate.com President Trump's Plan https://twitter.com/SecWar/status/2008189258528665898?s=20   is still accountable to military justice. And the Department of War — and the American people — expect justice. Therefore, in response to Senator Mark Kelly's seditious statements — and his pattern of reckless misconduct — the Department of War is taking administrative action against Captain Mark E. Kelly, USN (Ret). The department has initiated retirement grade determination proceedings under 10 U.S.C. § 1370(f), with reduction in his retired grade resulting in a corresponding reduction in retired pay. To ensure this action, the Secretary of War has also issued a formal Letter of Censure, which outlines the totality of Captain (for now) Kelly's reckless misconduct. This Censure is a necessary process step, and will be placed in Captain Kelly's official and permanent military personnel file. Captain Kelly has been provided notice of the basis for this action and has thirty days to submit a response. The retirement grade determination process directed by Secretary Hegseth will be completed within forty five days. Captain Kelly's status as a sitting United States Senator does not exempt him from accountability, and further violations could result in further action. These actions are based on Captain Kelly’s public statements from June through December 2025 in which he characterized lawful military operations as illegal and counseled members of the Armed Forces to refuse lawful orders. This conduct was seditious in nature and violated Articles 133 and 134 of the Uniform Code of Military Justice, to which Captain Kelly remains subject as a retired officer receiving pay. https://twitter.com/TonySeruga/status/2008201370458075286?s=20  energy, and corporatism, all are reliant on the narcos for dark funding. Just look at how they are treating Maduro? It’s like he is a rock star. Already with 5 ‘costume’ changes just today. Does Maduro look worried?  THE FIX IS IN? YOU CAN'T MAKE THIS UP: 92-Year-Old Clinton Judge Who Denied Trump's Hush-Money Removal to Federal Court and Blocked Venezuelan Gang Deportations Now Assigned to Preside Over Maduro Case in New York President Trump Shuts Down Fake News Reporter Trying to Pit Rubio and Vance Against Each Other (AUDIO)  Trump spoke to reporters aboard Air Force One as he headed back to the White House on Sunday evening after spending the Christmas holiday at Mar-a-Lago in South Florida. President Trump shut down a fake news reporter who was trying to create a wedge between Vice President JD Vance and Secretary of State Marco Rubio.   A legacy media reporter tried to stir up a little trouble and President Trump promptly shut her down. “What you say that Marco Rubio has your ear more than the Vice President right now?” a reporter asked President Trump. Trump shut it down. “No! They both do. JD is very smart and doing a great job and so is Marco! I would say they're equal,” Trump said. The reporter continued, “It sounds like [Rubio] is the go to and you were just talking about Cuba and what could come next there.” AUDIO: Source: thegatewaypundit.com https://twitter.com/AwakenedOutlaw/status/2008092328867869069?s=20  a plea of some sort. In fact, that may well have been pre-negotiated thereby removing the judges ability to thwart the prosecution. These images support as much. https://twitter.com/Rasmussen_Poll/status/2007939030839701667?s=20   election systems currently in use here have been newly examined last year by Federal authorities and are apparently FULL of illegal CCP sourced items – While @DNIGabbard is still withholding her completed official report on this, her boss is now aggressively retweeting older descriptors of evidence against Dominion and our US Election Theft Syndicate in general. This is apparently the overture of what is to come – The Secret Dominion/Huawei Data Center in Belgrade, Serbia – that emphatically and officially did not exist – DID exist and was disabled by U.S. gov employees just days prior to the 2024 election. It has now been dismantled, which may disappoint former CIA Director John Brennan, who reportedly financed half of it from the CIA ‘Black Budget.’ The other half of the funding was from our dear friends in China. That’s right, the theft of The US Presidency and multiple other elections worldwide was co-financed by our own CIA – Top Venezuelan engineers who reportedly designed and executed multiple foreign based election frauds in America using Dominion and Smartmatic systems are in America under U.S. gov protection and have provided sworn testimony. They include an engineer who personally helped illegally install Joe Biden as President in 2020 – These engineers are also joined by General Hugo Carvjal, former Head of Venezuelan Intelligence, now in jail in New York (his cellmate is Diddy Combs) and he is cooperating with Fed authorities (see below) – Another Venezuelan General has now also joined General Carvjal in providing 1st person testimony – Official state and court adduced evidence of 2020 election fraud has been compiled for every one of the battleground states. Cowardice and corruption within the American judiciary has scuttled any real progress – Georgia corruption came into better focus last month as Fulton County admitted not following the law concerning over 300K ‘votes’ and then their most corrupt state judge agreed to unseal the 2020 ‘warehouse ballots,’ many of which are officially sworn to be likely counterfeit. What a sad crooked bunch – The DOJ is suing multiple states to require compliance with Federal election laws including HAVA – Georgia is among them – and @AAGDhillon is leading the charge – President Trump pardoned Tina Peters but corrupt Colorado officials refuse to release her from prison. Colorado wants to litigate her role as a Federal officer in their elections while her health declines due to their horrible conditions. Colorado officials are going to pay dearly – An American Armada, the likes of which hasn’t been assembled in this century, sits off the coast of U.S. Election Theft Central. They are resting up after the historic strike extraction of Maduro. They will not idle long. The President promises to clean out all the cartel del Soles thugs and return Venezuela to democratic self governance. A big job but essential to keeping America safe and its enemies out of our hemisphere and out of our elections.  https://twitter.com/WarClandestine/status/2007981628648206368?s=20   which gave hope to the low-morale Continental Army and boosted enlistment, and eventually led to victory. I think Trump and the US MIL were sending a message. Now is when we start winning the war against the Deep State. I think we have graduated into a new phase of the operation. https://twitter.com/WarClandestine/status/2007924998703366560?s=20   necessary for what comes later, when Trump invokes the Insurrection Act and sends US MIL to cities nationwide. If the US MIL are going to conduct mass arrests, the public will need to trust them and trust Trump. So for those asking why Trump is arresting Maduro before arresting treasonous actors in the US, I think there is method to the madness. The high-profile US arrests will likely be towards the end, after more of the public are fully bought in on the operation to dismantle the Deep State. Arresting people is the easy part. Convincing billions of people that high-profile individuals, including former heads of state, need to be arrested… that's the tricky part. https://twitter.com/RapidResponse47/status/2008033626294792665?s=20 https://twitter.com/USDOL/status/2007933111729021305?s=20 (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");

Our CIO and Chief U.S. Equity Strategist Mike Wilson discusses key catalysts that investors may be missing, but that are likely to boost U.S. equities in 2026.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast I'll be discussing the converging market forces bolstering our bullish outlook for 2026. It's Monday, January 5th at 11:30am in New York. So, let's get after it. The New Year is usually a time to look forward. But today, I want to take a step back and talk about what the market is missing. A series of bullish catalysts are lining up at the same time, and the market is still underestimating their collective impact. There's been a lot of focus on individual positives—solid earnings growth, further Fed easing—but in our view, the real story is how these forces are reinforcing one another. Deregulation, positive operating leverage, accommodative monetary policy, and increasingly supportive fiscal policy are all working in the same direction. And as we head into mid-term elections later this year, these policy levers are likely to stay supportive.Importantly, this isn't a market that's already priced for the outcomes I envision. Positioning in cyclical trades remains relatively light, and sentiment in economically sensitive areas is far from exuberant. That combination—of improving fundamentals with cautious positioning—is exactly what tends to characterize the early stages of a recovery. I continue to believe these tailwinds are most underappreciated in cyclical areas like Consumer Discretionary Goods, Financials, Industrials, and small- and mid-cap stocks. Many of the indicators we track are only just beginning to turn higher. This doesn't look late-cycle to me—it looks early in what I have deemed to be a rolling recovery. One reason investors have been hesitant is the sluggishness of traditional business-cycle indicators, particularly the ISM Manufacturing Purchasing Managers Index. There's been a reluctance to press cyclical trades until those gauges clearly re-accelerate; and beneath that hesitation is a lingering anxiety that the U.S. economy could even slip back into a growth scare. My view is different. I believe a three year rolling recession ended with Liberation Day. If that's true, then the moderate softness we're now witnessing in lagging labor data is constructive for equities because it keeps the Fed leaning dovish for longer and more aggressive—a positive for equities. I see the second half of 2025 as the bottoming process for key macro indicators; with 2026 shaping up as a year of re-acceleration. Longer-cycle analysis supports this. Specifically, the 45-month cycle of the ISM Manufacturing Purchasing Managers Index points to a rebound. That recovery has been delayed—but not cancelled. Another tailwind that doesn't get nearly enough attention is energy prices. Gasoline prices in particular are sitting near five-year lows, which is providing real economic relief for lower- and middle-income consumers. That cushion matters, especially as other parts of the economy firm. This past weekend's events in Venezuela argue for lower oil prices for longer. From a sector standpoint, Financials stand out as the key beneficiary of deregulation and these stocks have been great performers over the past year in anticipation of these changes. I think there is more to go in 2026. Housing could be another important piece of the recovery. Subdued wage growth and falling rents may pressure home prices, while some builders are prioritizing volume over margins. While that may cap profitability for the builders, it could unlock housing velocity and feed into a more dovish inflation backdrop. Of course, there are also risks. Liquidity has been our top concern since September, and markets have reflected that through weakness in speculative assets. The good news is that the Fed has responded by ending quantitative tightening early and restarting asset purchases through the Reserve Management Program. This effectively adds liquidity to a system that was showing signs of stress this past several months. Another risk is a renewed slowdown in AI CapEx, particularly as markets demand clearer payback from debt-funded spending. And geopolitically, the U.S. intervention in Venezuela raises new questions. Strategically, it reinforces U.S. influence in the Western Hemisphere and supports our ‘Run It Hot' thesis—but the key wildcard remains whether China chooses to react. Net-net, we think the balance of risks and rewards still favor leaning into this early-cycle recovery and our bullish outlook for US equities in 2026. Thanks for tuning in; I hope you found it informative and useful. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!

Inflation is eating your paycheck. Prices keep rising. But have you ever wondered who's really pulling the strings? What's behind the rising costs at the grocery store and the gas pump? Today, we're diving into the powerful institution at the heart of the U.S. economy — the Federal Reserve — and uncovering how it influences and shapes inflation. On this episode of Investing in Real Estate, you're going to learn about the history of the Fed and how it became a powerful influence on the economy. You're going to learn about the Federal Reserve's main roles, its role in today's inflationary crisis, and much more.

Keith explores why the real goal of building wealth isn't luxury—it's protecting yourself from the emotional and practical pain of money stress.  You'll hear how owning the right kinds of assets can change your lifestyle options over time, and why waiting on the sidelines can quietly erode your financial future. Keith also pulls back the curtain on a major, often overlooked force that has helped keep real estate values resilient for years, and what that means for anyone thinking about adding more property to their portfolio.  Finally, you'll get a sense of the kinds of opportunities and strategies listeners are using right now to move from just getting by to playing to win in their wealth building journey. Episode Page: GetRichEducation.com/587 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  1-937-795-8989 to speak with a freedom coach 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 or text 'GRE' to 66866 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, more important than building wealth is avoiding poverty. It's backed up by research. Learn about a force that constantly gives a boost to real estate values that you probably haven't considered before, and own assets or get left behind. I discuss a plan for doing it today on get rich education.   Speaker 1  0:29   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com   Corey Coates  1:14   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  1:30   Welcome to GRE from Dar es Salaam Tanzania to Darlington, South Carolina, and across 188 nations worldwide. I'm Keith Weinhold, and this is get rich education the voice of real estate investing since 2014 and it's a new year, part of the reason why you need to build durable wealth for yourself is actually not to be wealthy. It's really to avoid a lack of wealth. It's in order to pad yourself against poverty. Now, shortly, I want to talk to you more aspirationally if you are or soon plan to make 500k per year or more.    Keith Weinhold  2:15   But first, there are a number of studies that show that beyond a certain level, more wealth barely increases your happiness level. In fact, if you ask many people, they say that doubling their income or doubling their net worth is what they really want, like, that's their goal. Like, in their mind, that's the benchmark in which they've made it. And you know what, when they double their income, though, then they want to double it again. They think that that is the next benchmark. So there can be this endless amount of wanting, because once you've doubled, you just want to keep doubling. But what's really more important is padding against money problems, because if having a little more doesn't change your happiness much, well, it's poverty that can really diminish a level of happiness and fulfillment in your life. So money problems don't just hurt your wallet. They actually hurt your emotions. And this isn't just some motivational poster idea, the statistics are clear. Multiple studies show that when money is scarce, when paying the regular bills feels like a monthly street fight, people report more sadness, more worry and even depression, not just sometimes, but constantly. The reality is that about 71% of Americans say that money is a major source of stress. My gosh, more than seven out of 10. So that's not a fringe category. That's the norm that say money is a major source of stress. Another study found that 42% of adults say money negatively affects their mental health. So close to half of the people walking around you right now feel emotionally beat up by their financial situation, and the gap gets even wider when you compare groups, when people experience serious financial hardship, nearly half, 49% show signs of depression among people without any financial hardship, only about 11% of that group show signs of depression. And Northwestern Mutual did an extensive study on all this. So it's not just a small difference, it's a completely different emotional reality, almost like two separate worlds. To put it plainly. For you, money will not guarantee happiness, but a lack of money can absolutely fuel sadness, and this matters. Because financial confidence isn't just about dollars. It's about dignity. It's about feeling like you're able to breathe, and it's about believing that your future can be bigger than your past. I mean, the research also shows the relationship flows in both directions. Money stress can make mental health worse, and poor mental health can make financial decision making harder. So it's sort of this loop, this cycle. And what breaks the cycle? It's not luck. It's not hoping the economy magically fixes all of its problems. It is going on offense, taking steps that build security instead of surrender, for most people, that turning point comes when they start owning assets, not just paying bills. It comes when money stops being a source of fear and it starts being a tool. Because though we focus on real estate investing here at GRE but ultimately it is a lifestyle improvement show. And before we're done today, I'm going to talk about what you can actionably do to go on offense. Now, what if you already have a higher income, or you expect to make a high income in the near term, if you're earning roughly $500,000 per year or more, and you value time efficiency in making sure that you don't live a rough quality of life. You are on the threshold of a tier that helps ensure that you can avoid some misery. Yes, there is a step change here that can help ensure you have a higher standard of living. Do you know what I might be talking about? Any idea 500k of income is where it begins now. It's only beginning here. At this point, to make sense, where you tilt into starting to fly private instead of flying commercial. Yeah, private flights. Now your situation is going to depend on more than just the income. It's whether or not you're single or you have kids and more, but it's at this income level where you can start to cover a $10,000 flight without biting into your essential living expenses. It's most justifiable when your time savings or your productivity gains translate into real value. I'm talking about things like business deals, meetings and schedules and the benefits of flying privately are pretty significant. Time efficiency is the real superpower here, drive up to the plane, wheels up in minutes. The flexibility is there. You can leave pretty much when you want. You can change your flight plans mid trip if you need to. You get access to smaller airports. That means you can land closer to your final destination and skip big city traffic congestion. You've got privacy and security, no crowds, no TSA stuff. You've got quality of experience, comfort, quiet cabins, custom catering, no competing for overhead bin space. Now even affordable private is still pretty expensive. It is substantially more than first class commercial seats, and I have had limited experience flying private, but at 500k of income, flying private can still feel like a stretch, even though it's doable for you, a more comfortable range is a million dollars or more of annual income, that's when private flights feel much easier to justify for business or lifestyle. Now, with $2 million of annual income or more, most heavy private flyers live here in this range, the $2 million plus income level, they can charter, they can fractionally own, or they can use memberships, all with less stress. When you earn this much, and if you're ultra high net worth, we're talking about $5 million worth of income plus or $20 million worth of net worth plus, well, then private flying is really commonplace. This is where you often have a personal jet, concierge services and flexibility on demand. So as the first episode of the year here, I want to give you some opportunity to dream and goal set. Yeah, you need to stretch out and give space to your aspirations sometimes, and this is a good time to do that, really, though, a more important reason for increasing your income and net worth is that it helps you avoid the discomfort of poverty. But yeah, come on, if nothing else, can you believe that before every commercial flight you have to hear that nonsense about how to inflate a raft if you're. Plane crashes in the water, or you could use your seat as a personal flotation device. Come on your seat. Can't even support your back for a three hour flight. If there's ever been a reason to invest Well, it's so that you never have to hear that stuff again before every flight chase    Keith Weinhold  10:19   last week here on the show, you'll learn more about how stable real estate prices are, why prices have never crashed in your entire life, and also why they can't double in one year. Real Estate is too slow moving 30 days between you making your offer and you closing the deal, that's actually considered pretty fast. In fact, if national home prices ever crash, I will legally change my first name to Fabrice, yes, Fabrice, I would also do that if they doubled in a year. It is almost impossible for either of those things to happen. You learned about how these things have not happened in your entire lifetime on last week's show, yes, even in 2008 in the last 85 years, nominal home prices have risen every single year, except seven of them now. Why is that? Why are the prices of US housing so resilient and just keep going up up up, almost inexorably? Well, it's actually more than just the main well documented reasons that you know about and that we've talked about here. It's about more than these attributes, like population growth, household formation, wage growth, inflation, eroding the currency and land scarcity in desirable areas beyond all of those, one reason that home values just keep going up, up up and are expected to rise again this year is something that We have not discussed yet, and that is government intervention? Yes, in the US and a lot of world places, housing is not a free market. We have a free ish market that sort of comes with training wheels and support animals. Think about how the government helps ensure that home prices stay propped up even through most recessions. We're talking about attributes like ever expanding loan access and mortgage interest deductibility. Then there's depreciation in write offs for investors like us and property tax structures that lag market value when loans have lower down payment requirements or a lowering of credit score requirements and ever expanding loan limits in terms of dollar amounts, well, that increases the demand for those that have the capacity to pay, and it nudges up prices even more incentives, like deducting your mortgage interest in tax depreciation when you don't even have a real expense, but yet you get to write it off anyway. It all heaps on the government driven demand for real estate Now none of these individual things, these government interventions, raise prices overnight, they increase demand structurally. There's evidence that the government is doing even more in recent years to prop up housing demand than they have in the past. This is increasingly a propensity to not let housing fail like it did in 2008 I mean, just look at covid During 2020, and 2021, what a glaring example of how government will prop up home values and not let them fall down if you lost your job during covid. Oh, we'll give you mortgage loan forbearance. That's where you could skip. Oh, just say nine monthly payments, and then you can just tack those nine payments onto the end of your 30 year loan and make those payments decades from now. There was a foreclosure moratorium in effect then too, so you've got forbearance and low rates and stimulus checks and a ban on foreclosures. Well, all of that helped borrowers make payments, and that supported home price growth. There was no fire sailing, really, that could have taken place then, and you will recall that during that time period, in fact, the year 2021 national home prices soared 19% so housing is not a completely free market. You really don't have to look very far to know that. I mean, Fannie Mae and Freddie Mac are both still government sponsored and still in conservatorship. And here's the thing, so far, I've only talked about how government has propped up the demand side. Side of the market. I've only talked about half of it. Don't forget the sometimes unintentional supply restriction the governments induce as well keeping housing supply in check. Well, that helps drive price appreciation. I'm talking about the zoning spaghetti that new homebuilders have to navigate through the permit purgatory, minimum lot sizes that can seem larger than some European countries, environmental reviews that last longer than the movie Avengers. Endgame was that a three hour, two minute movie, all of these roadblocks limit new housing supply that makes it harder to build. So governments provide an ever present tailwind to housing values by both boosting demand and by crimping supply. Government amplifies these forces, sometimes intentionally and sometimes unintentionally, but the result is the same propping up housing values. If all these years since coming out of the Great Recession have shown us anything, and the 2020 pandemic reinforced it, it is to either own assets or get left behind. You've got to own assets or you will be left behind, and that's whether you're trying to stay away from poverty, like I talked about at the top of the show, or whether you're aiming to fly private instead of commercial, something more aspirational, really. That's the lesson I've got more straight ahead here. There will only ever be one get rich education podcast episode 587 and you're listening to it.    Keith Weinhold  16:43   You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why? Fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program. When you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre, or send a text. Now it's 1-937-795-8989, yep, text their freedom coach directly again. 1-937-795-8989,   Keith Weinhold  17:54   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President chailey Ridge personally while it's on your mind, start at Ridge lending group.com that's Ridge lending group.com   Dana Dunford  18:27   this is hemlane's co founder, Dana Dunford. Listen to get rich education with Keith Weinhold, and don't quit your Daydream. You Keith,   Keith Weinhold  18:45   welcome back to get rich Education. I'm your host. Keith Weinhold, we're talking about new angles with respect to how the future belongs to asset owners. Every year, people say, This is my year, but only a few actually take the action to back that up and make it come true. One thing that I've learned is that people love saying, I want an opportunity, but what they really want is certainty. Unfortunately, certainty only shows up after opportunity is gone. History is full of people who walked past moments like this now owning more of an asset like real estate today, and instead they just look and say, Oh, it's probably nothing. Well, what about alternatives? What's your employer's plan for you? I mean, really, what's a typical employer's plan for employees spend 40 years here at this desk, and I guarantee that you'll become moderately comfortable with a nice 401K balance that you can start withdrawing from by the time you're age 65 at which time you'll start paying taxes on it too. So really, that's it. That's their plan for you. Yes, that's their plan for you. Though, as you know, I do not forecast mortgage rates. No one, not one analyst or rating agency, expects mortgage rates to fall substantially any time soon as we look at the real estate landscape, in fact, among 21 different major research groups, which include PNC Bank, Redfin, Moody's, wells, Fargo, the NAR totality, if you average what their forecasts are, one year from now, mortgage rates are expected to be at the same level that they are today, which is about 6.2% if you want to add more assets, prices are probably only going to be higher one year from now. The Fed is involved in QE like behavior again, which resumed last month, that gives the effect of more money printing, and it provides an environment for a continued price run up across not just real estate, but nearly every asset class. Current CPI inflation is 2.7% and long term inflation expectations are elevated. The Fed is cutting rates. The current Fed funds rate is about 3.6% and the President wants the Fed funds rate cut to 1% central banks are stockpiling gold, and the US dollar just had its worst year since 2017 so a lot is lining up to keep supporting housing values. Now, when we zoom out, starting back in 2012 us home prices have now risen 14 years in a row, and the average annual gain since that time is about 6% which is sustainable and close to historic norms. Year after year. Some people keep waiting for the right moment, and meanwhile, the right moment just keeps passing them by. And look, now here's a really interesting way for you to look at things from a long time investor like me, I have bought a wide variety of investment real estate over the years. I bought single family homes to both live in and single family homes to rent out vacant land, agricultural parcels, small apartment buildings and larger apartment buildings on every single one at the time when I purchased it, it was the most that anyone had ever paid for that property in that property's history, and if there were bids and I ended up getting the property, then I was the highest bidder as well. So on. Effectively, every single property purchase of my life, I paid more than anyone ever. And if someone had no understanding of the real estate market. They might think that that sounded bad, like I executed with a poor strategy or a lack of experience or direction, but that's just usually how it works in real estate, with the incessant postulation of almost unceasing appreciation and inflation, and years later, when it was time for me to sell the property, what were those conditions like? What happened then? You guessed it, I sold it for the most that it had ever sold for. So for that next buyer, that was the most then that anyone had ever paid for the property in history, yet again, and if it was a bidding situation, chances are I sold it to the highest bidder. So therefore, that has nothing to do with luck, that has nothing to do with timing, that is simply being an active participant in the real estate market and enjoying the leverage and all the other benefits all the while. So history shows that trying to time things based on market conditions or what you think market conditions are going to be, that does not work. What does work is owning more assets sooner. Every property that you purchase, expect to pay more for it than anyone ever has in that property's history. And then every property that you sell down the road, expect that you're going to sell it for more than what anyone has ever sold it for. Historically, that is normal. Now if your net worth is below $1 million or even below $5 million you really can't play the game not to lose. That's what keeps people stuck. You've got to play to win. The world already has your money. If you want access to it, you have simply got to go out. Out and get it. You play offense now, and you can play defense later, when your financial position is where you want it really and here's a huge insight, more money is lost trying to avoid a downturn than is lost actually being in the market when one finally happens, like I've discussed lately, real estate price downturns are uncommon. Sitting out and waiting is a wealth killer, because even if a downturn does happen, well, if you're already invested, you are positioned for the upturn. You're going to get the full measure of the upturn. That's where the real gains are, and this is where real estate is different. Leverage just keeps working for you. In the background, your 401, k does not do that. There's no leverage beyond maybe a two to one employer match, and then you get taxed when you finally touch the money. Some people like to gamble a little play a prediction market like poly market. Have something in Bitcoin, maybe even have exposure to a risky altcoin. I guess the NFL playoffs start this coming weekend. Some people want to bet on that and have their fun. Maybe even be invested in a high flying tech stock, or even the sp500. These vehicles rarely build wealth when you're actually young enough to enjoy it, because you're probably unleveraged there, you're exposed. You've only got your dollars working for you, not others, and you sure can do some of that day to day stuff. Go on polymarket and bet on when man will first land on Mars or something. Have your fun while the real wealth is built by the quiet, slow moving leverage of your larger real estate portfolio. In the background. Real estate, you can put 20 to 25% down on a 200k income property and control the whole thing. That's what investors are doing with our GRE marketplace properties right now, often in a low cost market like, say, Kansas City or Memphis, say that, for example, you're looking to add four doors this year, four rental units. Now that might take the form of one duplex and two new build Florida single family rentals. Now, with about 250k you can control $1 million of property adding assets this year. And here at GRE our nationwide provider network connects you with the real deals, and our providers often tell us about them before the public knows, for example, the properties where the builder still in this environment buys your rate down to perhaps four and a half percent. That is still happening. And why do the properties that our GRE investment coaches connect you with seem like such good deals at times? Well, there's a few reasons for that. Investor advantage markets just intrinsically have low prices. There's no agent that you have to compensate. It's a direct model that keeps the price down. These providers provide homes in bulk that helps keep the price down. And since we're dealing with investment properties, income producing properties, there are not any of these owner occupied emotions, so you don't get unreasonable sellers that hold out for a high price because there's some sentimental attachment there, or something like that.    Keith Weinhold  28:38   Let me give you three examples of real properties that our GRE investment coaching helps connect you with right now, and this is the place to be entry level homes, because entry level homes are few long term you are going to own a scarce asset that everybody wants. The first one is a brand new build single family rental in Cullman, Alabama. That's right between Birmingham and Huntsville, booming Huntsville. Now this property is currently vacant. However, it's in an A class neighborhood, so good appreciation potential, but less cash flow on this one, the rent is $2,100 the purchase price is 317k Yes, just 317k for this five bed, three bath, 2500 square foot rental, single family home. That's new build. One advantage Alabama has, and why we often have available Alabama properties is that really low property tax in that state you're going to benefit from a low fixed expense ratio over the long term. Alabama, property taxes are well under 1% per year as a percentage of the property value. In fact, at less than 410 Tax of 1% Alabama has the lowest property taxes in the entire continental United States. Only Hawaii has a lower one, where you're going to find a national average of 1% or a little more than 1% the second property is also brand new construction. It is a duplex in Goddard, Kansas, which is outside Wichita, each side of the duplex has three beds, two baths and 1300 68 square feet combined. Rents both sides are $3,500 and the purchase price is 447k and it is leased. Both sides are rented out. You can contact our free investment coaching and scoop up this or one like it today, and I'm looking at pictures of this really good looking new build duplex in the Wichita area. Looks like a two car garage on both sides, really attractive. And again, on these new builds, oftentimes the homebuilder is still buying down your mortgage rate for you, often under 5% the last one I'll mention, and I'm just giving you three samples to help give you an idea here. And if you're listening to this in a few years, you'll probably wish you could purchase these at prices this low. This last one is not new builds. Unfortunately, I can't quickly find the year of construction, but it looks older. It is a Kansas City single family rental, fully renovated. The cash flow numbers are super attractive. $2,100 rent on a purchase price of just $227,500 and free property management for two years is offered here on this renovated Kansas single family rental. Our investment coaching can answer questions about it for you. When something's renovated, you definitely want to see what the scope of work is. And there are also larger properties available. If you're looking to trade up some of your properties with accumulated equity into something else, we can help build an entire portfolio for you, or you might currently be only invested in one market, where we can help you determine what second market might make sense for you based on your time horizon and your own goals. Hey, maybe you've got a private plane in a decade kind of goal, or maybe we'll help you find out that adding more property does not make sense for you at this time in your situation, even though the opportunities are pretty good right now, because compared to two years ago, the inventory to select from is wider today, And the mortgage rates are lower now too GRE investment coaches are your free trusted advisors. It's like having a silent partner on your deal, someone who gives you insight but doesn't take any equity. There's no compensation for you to provide at all. It's about your portfolio, your goals and your direction. And our coaches also help you with services related to managing your real estate assets long term, like your tax and CPA questions, legal questions, though, that's pretty limited, because we're not attorneys here. For example, what happens if you have an appraisal surprise and the appraisal comes in lower than the amount that you've contracted to buy a property for, we help you with something like that, any inventory issues or inspection issues and property management guidance that you might need. In fact, if you've engaged with our free investment coaching in the past, even a few years ago, and we helped you find a property and say, now you have some sort of property management issue. Let us know. Keep in touch with your GRE investment coach. You tell someone like Naresh here, and he will step in. And when you set up a time to chat, which you can do at greinvestmentcoach.com There's really nothing special that you need to do to prepare if you can bring a 20% down payment. Now the ball is already rolling, and in today's environment with closing costs, that's usually about a 50k minimum. It helps if you're pre approved for a mortgage loan with Ridge lending group, or whomever your lender of choice is. What's interesting is that these deals are good. These are real estate pays five ways, properties that our coaches help connect you with. So sometimes we are buying these properties ourselves here at GRE. We have in the past, but there is no way we can buy them all, not even close. That means that an opportunity remains for you. Yes, we are real estate investors ourselves here at GRE, right now, there are better properties available than ones that we've bought ourselves recently, and there is more overall selection too. You can easily see the coach's calendar, select a time and then have a phone call or a zoom chat, whatever you like. If. From there. Our coaches usually give you their phone number, so then later, you can even text them. Our coach, Naresh, he responded to someone on Thanksgiving. That's the level of dedication here. So here's the next step. Book a time at GREinvestmentcoach.com you can do that now. That's where the calendar lives. There's no back and forth. Just pick a time right there that works. It's Free. Select a 30 minute time slot, and lately they've been available seven days a week. And you're going to walk away with clarity on your goals, your timeline and what's realistic for you, if you're tired of watching from the sidelines, tired of trying not to lose, tired of waiting for perfect conditions, and conditions are never perfect, well, this is your moment to play to win. It's pretty easy to remember to connect with a GRE investment coach. Visit greinvestmentcoach.com Until next week, I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 2  36:10   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  36:38   The preceding program was brought to you by your home for wealth building, get richeducation.com  

Bitcoin surges toward $100K as Venezuela headlines and U.S. action/capture news sparked a shock-driven rally and short squeeze, while traders watched key levels for a continuation. We also covered why the move may have been reinforced by returning spot Bitcoin ETF inflows, alongside a broader “risk-off” bid that pushed gold and silver higher. From there we zoomed out to the macro/policy setup—Fed rate-cut debate, Tom Lee's warning of a 10–15% pullback early in 2026—and the regulatory backdrop, including Lummis retiring, Arizona's crypto tax push, and the growing “Bitcoin-only” narrative.

#677: Happy New Year! We're kicking off 2026 with a reality check on where your money stands right now. The Good News: Gas prices dropped below $3/gallon. Inflation cooled to 2.7%. The Fed cut rates again. GDP grew 4.3% (surprisingly strong). Gold hit $4,500 an ounce. And 19 states raised minimum wages. The Not-So-Good: Health insurance jumped 10-18%. Unemployment ticked up. Mortgage rates are stuck around 6.2%. And 80% of homeowners are unlikely to sell because they locked in rates below 6%. The Big Picture: The stock market is outperforming the economy. How It Affects You: I call it "millionaire malaise." Your 401k looks great. Your home equity is through the roof (no pun intended). If you bought before 2022, your assets look good on paper. Yet you're stressed out at the grocery store. Everything costs more – insurance, groceries, everything except gas. Jobs are stagnant. People are stuck. We're experiencing the difference between wealth and income. This is 2026: Wealthy on paper. Broke at the checkout line. Whether you're new to money management or a long-timer looking for clarity, this episode cuts through the noise to tell you what actually matters for your finances this year. Download the free resource: AffordAnything.com/financialgoals Learn more about your ad choices. Visit podcastchoices.com/adchoices

Silver didn't just rally in 2025 — it broke out. After blasting through the multi-decade $50 ceiling and printing a violent spike into the $80s, silver finished the year still above $70, up roughly 140% while gold surged 64%. Meanwhile, the asset CNBC swore would win the year — Bitcoin — finished down, and Michael Saylor's Strategy (MicroStrategy) collapsed to a fresh 52-week low.In this episode, Peter Schiff explains why the “blow-off top” narrative is wrong, why silver's skepticism is actually bullish, and why this breakout is the start of a new leg higher — not the end. He also lays out why 2026 is shaping up as stagflation (weaker growth + stronger inflation), why tariffs will filter into consumer prices, why the Fed will face massive political pressure to cut and monetize, and why capital is rotating out of U.S. assets and into precious metals, commodities, foreign stocks, and emerging markets.If you're still treating Bitcoin as “digital gold,” this is your warning shot: silver is signaling something big — and crypto may be next to unwind.