Podcast appearances and mentions of James Turk

Play Episode Listen Later May 2, 2023 6:07

In 2004 James Turk and John Rubino published The Coming Collapse Of The Dollar And How To Profit From It: Make A Fortune By Investing In Gold And Other Hard Assets. I discover from Amazon that I “purchased this item on 18 Feb 2006”. Isn't digital record keeping amazing?It remains one of the best books about gold and gold investing that I have ever read, beautifully articulating the anti-dollar, anti-fiat, anti-money printing, pro-gold narrative. Those that followed the advice of the book will have made good money – as long as they got out in 2011.There's just one thing: the dollar never collapsed. Sure, its purchasing power has steadily eroded. Each year it buys you 10%-15% less house, less S&P 500, less good or service than the previous, so that if you compare 2004 prices with today the dollar buys less than half as much house or S&P 500 as it did then.Have US wages more than doubled by way of compensation? No. They have gone from $60,000 to $75,000. The taxes you pay on them have gone up too. Sterling has been even worse. Back then a pound got you two dollars. Some people could actually afford a house.But is a 55% loss of purchasing power over 20 years a collapse? Not really. Currency collapses happen over quicker time frames, as in Weimar Germany, Zimbabwe or Venezuela.The narrative is shifting againThe dollar-is-going-to-collapse narrative really got going around the global financial crisis in 2008 and with all the money printing that followed. In a way, it spawned bitcoin. (If you think gold bugs are extreme in their anti-fiat narratives, go and have dinner with some bitcoin maximalists.)But then, after 2011, gold went into a bear market. “Bear market” isn't strong enough to describe what happened to gold mining. Gold mining really did collapse. The dollar, meanwhile, actually strengthened. Not versus stuff we actually buy, like houses, equities or cars, but versus other currencies.I'm saying this because I have noticed a discernible change in narrative over the last 12 months. No longer do we hear about the imminent collapse of the US dollar or of fiat currency. Now the buzz word is “de-dollarisation”. I've written about it a lot. The US dollar is the global reserve currency. It is the default for international trade. Participants trust Swift and the international banking system enough to use them for payment. But there are many nations who would prefer, if they could, to use something else. China would, I've little doubt, like to see its yuan replace the US dollar. Russia would rather use roubles. And so on.The de-dollarisation theme really took hold in the wake of Russia's invasion of Ukraine, when the US weaponised its financial might to confiscate Russian dollars and freeze Russia out of international trade. But whether it's the Russian Davos, where attendees regularly talk about a new system of international settlement, or France's President Emmanuel Macron telling China President Xi Jinping that “We should not depend on the extraterritoriality of the US dollar,” or China making trade deals with major international commodity suppliers Argentina, Russia, Brazil and Saudi Arabia to bypass the dollar and trade using the Chinese yuan, or nations not just increasing their gold holdings at the fastest rate since the 1960s, but increasing their gold holdings relative to other assets, we are seeing de-dollarisation in action.People like talking about crashes. Crashes get clicks. Crashes sell copy. But they are for the media, not for politics or economics (until they actually happen). De-dollarisation, however, is very much a theme now, a mainstream narrative, beyond the media, in a way that collapse never could be. I think it's only going to become more of a theme.But what of James Turk and John Rubino's collapse? That was not a single event, but a gradual process, even if the net result, a 50% loss of purchasing power, is similar. And what of the next 20 years? Do I think it's possible that houses, cars or equities will cost less than they do now? If this was the 19th century, they would. Stuff got cheaper. But I don't think there's a chance in hell. In fact, I'd be surprised if they are only double what they are today.Your wages, or your children's wages, might be a bit higher. Your taxes? They'll be higher. Your government, or your state as we tend to call it in the UK? That'll be a lot bigger. While many nations are taking steps to de-dollarise, I would take steps to avoid the constant erosion of fiat money, whether pound, dollar or euro. De-fiatise. I don't think that's going to catch on as a term. But “erosion reduction” should very much be the focus.If you are interested in buying gold, please consider the The Pure Gold Company, with whom I have an affiliation deal. Premiums are low, quality of service is high. They deliver to the UK, US, Canada and Europe, or you can store your gold with them. An earlier version of this article appeared at Moneyweek. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

amazon canada europe uk china france russia chinese gold ukraine russian brazil bear argentina venezuela saudi arabia collapse swift zimbabwe currency emmanuel macron xi jinping crashes s p slow motion money week weimar germany john rubino james turk france's president emmanuel macron

Collapse in slow motion

Play Episode Listen Later May 2, 2023 6:07

In 2004 James Turk and John Rubino published The Coming Collapse Of The Dollar And How To Profit From It: Make A Fortune By Investing In Gold And Other Hard Assets. I discover from Amazon that I “purchased this item on 18 Feb 2006”. Isn't digital record keeping amazing?It remains one of the best books about gold and gold investing that I have ever read, beautifully articulating the anti-dollar, anti-fiat, anti-money printing, pro-gold narrative. Those that followed the advice of the book will have made good money – as long as they got out in 2011.There's just one thing: the dollar never collapsed. Sure, its purchasing power has steadily eroded. Each year it buys you 10%-15% less house, less S&P 500, less good or service than the previous, so that if you compare 2004 prices with today the dollar buys less than half as much house or S&P 500 as it did then.Have US wages more than doubled by way of compensation? No. They have gone from $60,000 to $75,000. The taxes you pay on them have gone up too. Sterling has been even worse. Back then a pound got you two dollars. Some people could actually afford a house.But is a 55% loss of purchasing power over 20 years a collapse? Not really. Currency collapses happen over quicker time frames, as in Weimar Germany, Zimbabwe or Venezuela.The narrative is shifting againThe dollar-is-going-to-collapse narrative really got going around the global financial crisis in 2008 and with all the money printing that followed. In a way, it spawned bitcoin. (If you think gold bugs are extreme in their anti-fiat narratives, go and have dinner with some bitcoin maximalists.)But then, after 2011, gold went into a bear market. “Bear market” isn't strong enough to describe what happened to gold mining. Gold mining really did collapse. The dollar, meanwhile, actually strengthened. Not versus stuff we actually buy, like houses, equities or cars, but versus other currencies.I'm saying this because I have noticed a discernible change in narrative over the last 12 months. No longer do we hear about the imminent collapse of the US dollar or of fiat currency. Now the buzz word is “de-dollarisation”. I've written about it a lot. The US dollar is the global reserve currency. It is the default for international trade. Participants trust Swift and the international banking system enough to use them for payment. But there are many nations who would prefer, if they could, to use something else. China would, I've little doubt, like to see its yuan replace the US dollar. Russia would rather use roubles. And so on.The de-dollarisation theme really took hold in the wake of Russia's invasion of Ukraine, when the US weaponised its financial might to confiscate Russian dollars and freeze Russia out of international trade. But whether it's the Russian Davos, where attendees regularly talk about a new system of international settlement, or France's President Emmanuel Macron telling China President Xi Jinping that “We should not depend on the extraterritoriality of the US dollar,” or China making trade deals with major international commodity suppliers Argentina, Russia, Brazil and Saudi Arabia to bypass the dollar and trade using the Chinese yuan, or nations not just increasing their gold holdings at the fastest rate since the 1960s, but increasing their gold holdings relative to other assets, we are seeing de-dollarisation in action.People like talking about crashes. Crashes get clicks. Crashes sell copy. But they are for the media, not for politics or economics (until they actually happen). De-dollarisation, however, is very much a theme now, a mainstream narrative, beyond the media, in a way that collapse never could be. I think it's only going to become more of a theme.But what of James Turk and John Rubino's collapse? That was not a single event, but a gradual process, even if the net result, a 50% loss of purchasing power, is similar. And what of the next 20 years? Do I think it's possible that houses, cars or equities will cost less than they do now? If this was the 19th century, they would. Stuff got cheaper. But I don't think there's a chance in hell. In fact, I'd be surprised if they are only double what they are today.Your wages, or your children's wages, might be a bit higher. Your taxes? They'll be higher. Your government, or your state as we tend to call it in the UK? That'll be a lot bigger. While many nations are taking steps to de-dollarise, I would take steps to avoid the constant erosion of fiat money, whether pound, dollar or euro. De-fiatise. I don't think that's going to catch on as a term. But “erosion reduction” should very much be the focus.If you are interested in buying gold, please consider the The Pure Gold Company, with whom I have an affiliation deal. Premiums are low, quality of service is high. They deliver to the UK, US, Canada and Europe, or you can store your gold with them. An earlier version of this article appeared at Moneyweek. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

amazon canada europe uk china france russia chinese gold ukraine russian brazil bear argentina venezuela saudi arabia collapse swift zimbabwe currency emmanuel macron xi jinping crashes s p slow motion premiums money week weimar germany john rubino james turk france's president emmanuel macron

Gold keeps on going up

Play Episode Listen Later Apr 13, 2023 7:33

The gold price printed its highest ever weekly close on Friday. What do new highs usually lead to? Yup. More new highs. Is it too late to buy gold? Nope. Should you own some? Yup. Everyone should own some gold. Put 5% of your net worth into gold and hope it doesn't go up. That's the old Wall Street adage that I am forever quoting, and I quote it again today.Here are my thoughts on gold and the latest developments in the Great Unravelling of Fiat. The de-dollarisation trend continuesFor the record, gold's all-time high was $2,089. That came in August 2020, amidst the Covid money-printing bonanza. Get past that level and there really will be a lot of noise.I have, as long time readers - or should I say sufferers? - will know, been wittering on about de-dollarisation since more or less the dawn of time. But the de-dollarisation narrative really seems to have taken hold these past few weeks and hit the mainstream.Just yesterday I read that French President, Emmanuel Macron, while in China at the weekend, said to President Xi. “I want to take the opportunity to insist on one point: we should not depend on the extraterritoriality of the US dollar.”We can quibble over whether extraterritoriality is even a word, but the gist of his statement is pretty clear and it comes on the back of deals China has made in recent weeks with Russia, Brazil and Saudi Arabia to bypass the dollar and trade using the Chinese yuan.At the “Russian Davos” – the St. Petersburg International Economic Forum – in New Delhi a fortnight ago, Russia's State Duma Dep Chairman Alexander Babakov stated that a BRICS alliance was working on a new currency secured by gold and other commodities, including rare-earth elements.Tucker Carlson of Fox News delivered an impassioned monologue on the subject last week, and it went viral garnering millions of views. “If you want the rest of the world to trust your currency, the last thing you would do is use it as a weapon or print too much of it”, he said. “But if Mitch McConnell and Joe Biden and the rest of these reckless leaders have their way, an increasing number of countries will do what so many have already done, which is begin to reject the U.S. dollar and what will happen then? “Well, all those dollars will come home and the value of our currency will plummet even further, and that will lead to poverty across the United States, and that will lead to the typical political and cultural volatility that inevitably follows economic collapse, disaster, and we've seen it before”.It's classic goldbug erotica. He even cited the fact that nobody knows how much gold is in Fort Knox because it has not been audited for generations. Even Elon Musk has been tweeting about de-dollarisation, exporting inflation and the likelihood of bank runs accelerating. I must say, I get a little bit concerned as narratives mature. The more widespread and well-formed the story, the more likely it is about to run out of steam. That said, the trend is strong and it's up. Gold miners are too cheapAnother concern I have about this move is that woeful relative performance of the gold miners. In a trusty bull market, you want to see the miners leading the gold price higher. They are doing no such thing. The juniors (as measured by benchmark ETF, GDXJ) are a good 35% off their 2020 highs, and a quite astounding 70% off their 2011 highs at the climax of the last bull market.One explanation for this is that their input costs – energy and equipment – are rising more than the gold price is rising, which impacts their profitability. Even so, you want to see miners behaving better than this. Maybe a break-out to new highs will give them the boost they need. Maybe they are forecasting a correction. Either way, you can't argue with the fact that they are cheap.Please subscribe to this amazing publication.Gold reserves are risingI have written before about bearer assets – assets that are nobody's liability. Gold is the most famous example. Gold has existed since before the solar system was formed and it will exist long after the human race has shuffled off this mortal coil. It is Nature's money, "a child of God,” according to an Ancient Greek lyric, and “neither moth nor rust devoureth it.” Spandau Ballet went with the rather more catchy “indestructible”. “Money is gold, and nothing else,” the financier JP Morgan once said (this is one of the most misquoted lines on the internet - here we quote him correctly). Everything else, as James Turk argues in his latest book Money and Liberty, be it dollar, pound, silver, or crypto, even the mackerel that sometimes changes hands in American prisons, is currency. Most currency is credit. Money in the bank, as few seem to realise, is credit.That is why gold sits at the top of the hierarchy of financial instruments, as we see from this slide from analyst Jan Nieuwenhuijs. In the same article, in which he makes a case for $8,000 gold, Nieuwenhuijs presents international reserves. You can see how central banks have been increasing their reserves since the financial crisis of 2008. You can also see that accumulation has accelerated this past year, when central banks have been buying gold at the fastest rate since the 1960s. Perhaps more significantly, it's not just international gold reserves that are increasing, but, since 2018, gold reserves relative to other assets have also turned up. We are nowhere near the Bel Epoq levels where this chart begins, but the fact that we have turned up is I think significant.What is being planned?Moreover, the above data all assume China has been transparent about its gold holdings, which it has not been. China's gold holdings are, I have argued, probably ten times higher than they say they are.I keep saying it. We are in interesting times. Own some gold. And hope it doesn't go up.If you are interested in investing in gold, my guide is here.My current recommended bullion dealer in the UK is The Pure Gold Company, whether you are taking delivery or storing online. Premiums are low, quality of service is high. They deliver to the UK, US, Canada and Europe, or you can store your gold with them. I have affiliation deals with them.An earlier version of this article first appeared at Moneyweek. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Gold keeps on going up

Play Episode Listen Later Apr 13, 2023 7:33

The gold price printed its highest ever weekly close on Friday. What do new highs usually lead to? Yup. More new highs. Is it too late to buy gold? Nope. Should you own some? Yup. Everyone should own some gold. Put 5% of your net worth into gold and hope it doesn't go up. That's the old Wall Street adage that I am forever quoting, and I quote it again today.Here are my thoughts on gold and the latest developments in the Great Unravelling of Fiat. The de-dollarisation trend continuesFor the record, gold's all-time high was $2,089. That came in August 2020, amidst the Covid money-printing bonanza. Get past that level and there really will be a lot of noise.I have, as long time readers - or should I say sufferers? - will know, been wittering on about de-dollarisation since more or less the dawn of time. But the de-dollarisation narrative really seems to have taken hold these past few weeks and hit the mainstream.Just yesterday I read that French President, Emmanuel Macron, while in China at the weekend, said to President Xi. “I want to take the opportunity to insist on one point: we should not depend on the extraterritoriality of the US dollar.”We can quibble over whether extraterritoriality is even a word, but the gist of his statement is pretty clear and it comes on the back of deals China has made in recent weeks with Russia, Brazil and Saudi Arabia to bypass the dollar and trade using the Chinese yuan.At the “Russian Davos” – the St. Petersburg International Economic Forum – in New Delhi a fortnight ago, Russia's State Duma Dep Chairman Alexander Babakov stated that a BRICS alliance was working on a new currency secured by gold and other commodities, including rare-earth elements.Tucker Carlson of Fox News delivered an impassioned monologue on the subject last week, and it went viral garnering millions of views. “If you want the rest of the world to trust your currency, the last thing you would do is use it as a weapon or print too much of it”, he said. “But if Mitch McConnell and Joe Biden and the rest of these reckless leaders have their way, an increasing number of countries will do what so many have already done, which is begin to reject the U.S. dollar and what will happen then? “Well, all those dollars will come home and the value of our currency will plummet even further, and that will lead to poverty across the United States, and that will lead to the typical political and cultural volatility that inevitably follows economic collapse, disaster, and we've seen it before”.It's classic goldbug erotica. He even cited the fact that nobody knows how much gold is in Fort Knox because it has not been audited for generations. Even Elon Musk has been tweeting about de-dollarisation, exporting inflation and the likelihood of bank runs accelerating. I must say, I get a little bit concerned as narratives mature. The more widespread and well-formed the story, the more likely it is about to run out of steam. That said, the trend is strong and it's up. Gold miners are too cheapAnother concern I have about this move is that woeful relative performance of the gold miners. In a trusty bull market, you want to see the miners leading the gold price higher. They are doing no such thing. The juniors (as measured by benchmark ETF, GDXJ) are a good 35% off their 2020 highs, and a quite astounding 70% off their 2011 highs at the climax of the last bull market.One explanation for this is that their input costs – energy and equipment – are rising more than the gold price is rising, which impacts their profitability. Even so, you want to see miners behaving better than this. Maybe a break-out to new highs will give them the boost they need. Maybe they are forecasting a correction. Either way, you can't argue with the fact that they are cheap.Please subscribe to this amazing publication.Gold reserves are risingI have written before about bearer assets – assets that are nobody's liability. Gold is the most famous example. Gold has existed since before the solar system was formed and it will exist long after the human race has shuffled off this mortal coil. It is Nature's money, "a child of God,” according to an Ancient Greek lyric, and “neither moth nor rust devoureth it.” Spandau Ballet went with the rather more catchy “indestructible”. “Money is gold, and nothing else,” the financier JP Morgan once said (this is one of the most misquoted lines on the internet - here we quote him correctly). Everything else, as James Turk argues in his latest book Money and Liberty, be it dollar, pound, silver, or crypto, even the mackerel that sometimes changes hands in American prisons, is currency. Most currency is credit. Money in the bank, as few seem to realise, is credit.That is why gold sits at the top of the hierarchy of financial instruments, as we see from this slide from analyst Jan Nieuwenhuijs. In the same article, in which he makes a case for $8,000 gold, Nieuwenhuijs presents international reserves. You can see how central banks have been increasing their reserves since the financial crisis of 2008. You can also see that accumulation has accelerated this past year, when central banks have been buying gold at the fastest rate since the 1960s. Perhaps more significantly, it's not just international gold reserves that are increasing, but, since 2018, gold reserves relative to other assets have also turned up. We are nowhere near the Bel Epoq levels where this chart begins, but the fact that we have turned up is I think significant.What is being planned?Moreover, the above data all assume China has been transparent about its gold holdings, which it has not been. China's gold holdings are, I have argued, probably ten times higher than they say they are.I keep saying it. We are in interesting times. Own some gold. And hope it doesn't go up.If you are interested in investing in gold, my guide is here.My current recommended bullion dealer in the UK is The Pure Gold Company, whether you are taking delivery or storing online. Premiums are low, quality of service is high. They deliver to the UK, US, Canada and Europe, or you can store your gold with them. I have affiliation deals with them.An earlier version of this article first appeared at Moneyweek. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Life skills you learn from stand-up comedy

Play Episode Listen Later Mar 8, 2023 10:37

Jonathan Johnson, from recruitment company, Auxato, got in touch and asked me to write a piece for him, explaining how it is I got from being stand-up comic and voice actor to a renowned (his words) longstanding, financial writer for Money Week. I thought readers would like it and he kindly gave me permission to republish it here. The questions are Jonathan's.Stand-up comedy – what life skills did it teach you?Stand-up comedy teaches you lots of things. How to stand on stage in front of a bunch of strangers. How to present yourself. How to entertain people. How to cope with pressure. How to deal with difficult situations and difficult people. How to think on your feet. Communication. Clarity.These are all really useful life skills that you might call upon in any number of other situations. Everyone should go and be a stand-up for a bit. But there is a lot more to being a stand-up than what you see on stage. Behind the scenes, every comic is running a small business. Every day you are trying to get gigs. You're sending out emails, making phone calls, posting on social media, all with the aim of pushing your brand, getting noticed and getting better work. You're running a diary. You're invoicing for the gigs you have done. You're chasing money from slow payers, while trying to extract money from the unsavoury promoters who are trying to wriggle out of paying you at all.You are travelling up and down the country four, five, sometimes seven nights a week to places you have probably only ever heard of, meeting all sorts of different people. As a result comics often know the country as well as anyone - all the while trying to keep costs down so that you can exit the gig at a profit. On top of all of that, but most fundamental of all, you have got to write an act that people find funny. You learn so many skills doing comedy. Even if you are not destined for stardom, which most of us aren't, the discipline still equips you for life. You just need to look at the many people who started out as comedians who have since gone on to achieve huge success in other fields, from Joe Rogan to Volodymyr Zelensky, to know there must be something in it.Yet, if you're a potential employer looking at someone's CV and you see the word comedian, I bet that makes you less likely, rather than more likely, to call them in for an interview.In fact, most comedians who decide they've done it for long enough and now want to try something else, find it near impossible to find employment because of the fact they have comedian on their CV. The only option for most is to set up another business. Please tell your friends on Twitter, Linked and Facebook about this really interesting article.What a random hotchpotch of a career you have. How did it happen?I'm now 53. The longest I've ever lasted in a “proper” job is three months. This was back in 1992, when I was 23. I used to get up every morning, get the tube into Leicester Square and then do 10am to 6.30pm in an office. I hated it. It was not that bad a job either, but I hated being stuck in an office all day with no fresh air and not owning my own time.That's not to say I'm not hard-working. I'm extremely hard-working. You just need to look at my output to see that. I would spend the next 15 years working occasionally as an actor, regularly as a voiceover (for some reason I always got more voiceover work than acting) and then, from 1997, as a comedian. All the while, I was trying to get stuff published - I wrote two novels and a million articles - but never with any success. I think I got one article in the Big Issue.But by 2006, I had made a bit of money, some in property (by accident) and some from voiceovers: I had been, at various points, the voice of such eminent products as First Direct, Nintendo 64 and the National Lottery. My dad had made a bit of money, too. Between us, we were trying to figure out how to turn our bit of money into a lot of money; because we were trying to raise five million quid to bring Kisses on a Postcard into the West End. From what I was reading at the time, commodities and gold, especially, seemed to be the place to invest, particularly with all the growth that was taking place in China. There were all sorts of people talking about it. But how to meet them and talk to them, without having to pay them? A podcast …What gave you the inspiration for the podcast interviews?I always knew I'd be a good presenter, even though I'd never actually done it. I was good at hosting comedy clubs and other such stuff. I approached a mining PR company called Commodity Watch and suggested we start a podcast. They didn't really understand what I was talking about, so I did it anyway and began interviewing all these various people I'd heard on the internet talking so wisely about stuff.My very first interview was with the billionaire, Jim Rogers, who had run the Quantum Fund with George Soros. My next two were with noted silver analyst, David Morgan, and the gold expert, James Turk. I quickly learnt that you could secure interviews with people “above your station” quite easily, if they have something to promote, such as a book. A lot of the time people are happy to help out, even if they don't have something to promote. To my surprise, there were far fewer walled gardens in the worlds of investment and commodities than in comedy and TV. People were much more open.Subscribe to The Flying Frisby.What brought about the job at Moneyweek?One of the people I interviewed was Merryn Somerset Webb who, at the time, was editor at Money Week. “We need people like you to come and write for us,” she said. “Come into the office next week and meet Toby, the MD.”So I did. Here I am, 17 years later and I am still writing the same weekly column, a column that has been popular and, in terms of longevity at least, successful. I've since published three books with a fourth on the way. I've written several documentaries, one of which was a huge internet sensation (even if I was never properly credited) and more besides. I think it's fair to say that partnership with Moneyweek has worked - for them and me. But if I had sent my CV in to Merryn, all she would have seen was stand-up comedian, voiceover artist, occasional actor, Johnny-come-lately podcast host and unpublished novelist. I don't think she would for a second have gone, “I need to get this bloke writing for us.” Pretty much any employer would have looked at my CV and passed it by.I now have this ridiculously random hotchpotch career that I can't begin to explain. I'm a financial writer, comedian, singer-songwriter, comedy music video maker, TV presenter and voiceover artist. A very nice chap who works in internet marketing and likes my output - but despairs at its lack of clarity - with whom I correspond frequently, put this graphic together to try and explain what I do.What can we learn from that episode with Merryn?Two things. One, I don't believe there is any substitute for face-to-face meetings. Meeting someone in the flesh inspires trust in a way that not a million emails can. (That, by the way, is, I think, why I never had stuff published. I just sent it in. I'm not even sure it got read. It's much easier to ignore a letter or an email than someone in person).Often it works in reverse too. You really admire someone online for whatever it is they've written or said, but then you meet them in person and realise this is not the type of person you should be listening too.Second, when you meet someone through the medium of an interview for a podcast, rather than just a meeting, it's like a heightened encounter. You get through so much more in an hour than you otherwise would. Get to know anyone who hosts a regular podcast and you will see they are total mavens. How many people do Joe Rogan, Konstantin Kisin or Steven Bartlett know as a result of their podcasts? How powerful are their networks? They are super connected - and trusted. Any introductions they make will carry weight.As it turns out, stand-up comedy was the ideal training ground for being a financial writer. In comedy, if the audience doesn't understand you, they don't laugh. If they don't laugh, you die. Thus does the comedian quickly learn the vital discipline of clarity. You also learn that you have to entertain people if you want to keep their attention.No such discipline exists in the world of financial journalism. Obfuscation is everywhere. It almost pays to be obfuscatory because then you can say, “Oh I didn't mean that, I meant this.” Some of the broadsheet journalists - guys who regularly win Finance Journalist of the Year or whatever - are as dull as ditch water and about as clear. Half the time, you have no idea what it is they are droning on about. I barely make it past the first paragraph.But do you know what? They probably got the job because their CV was right. Thank you for reading The Flying Frisby. Please like and share this post if you enjoyed it. .Other stuff:West Eng gig alert! This May, wearing my comedy hat, I'll be coming back to Crazy Coqs in Brasserie Zedel for another night of “curious comedy songs”. That's this May 7th. Please come if you're in town. They are super nights.AI and the FutureI recorded this 90-minute interview about AI the other day with Andy - super interesting - and it's now available to free subscribers:GoldInterested in protecting your wealth in these extraordinary times? Then be sure to own some gold bullion. My current recommended bullion dealer is The Pure Gold Company, whether you are taking delivery or storing online. Premiums are low, quality of service is high. You can deal with a human being. I have an affiliation deals with them.Here is some more info about Auxato: At Auxato, we don't just rely on your CV to get to know you. A key aspect of our approach to recruitment for our clients and candidates is the importance of building a long term relationship, learning about those skills that don't make it onto a CV. Want to experience a different recruitment way? Get in touch with us today and start your journey. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Life skills you learn from stand-up comedy

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Mar 8, 2023 10:37

Jonathan Johnson, from recruitment company, Auxato, got in touch and asked me to write a piece for him, explaining how it is I got from being stand-up comic and voice actor to a renowned (his words) longstanding, financial writer for Money Week. I thought readers would like it and he kindly gave me permission to republish it here. The questions are Jonathan's.Stand-up comedy – what life skills did it teach you?Stand-up comedy teaches you lots of things. How to stand on stage in front of a bunch of strangers. How to present yourself. How to entertain people. How to cope with pressure. How to deal with difficult situations and difficult people. How to think on your feet. Communication. Clarity.These are all really useful life skills that you might call upon in any number of other situations. Everyone should go and be a stand-up for a bit. But there is a lot more to being a stand-up than what you see on stage. Behind the scenes, every comic is running a small business. Every day you are trying to get gigs. You're sending out emails, making phone calls, posting on social media, all with the aim of pushing your brand, getting noticed and getting better work. You're running a diary. You're invoicing for the gigs you have done. You're chasing money from slow payers, while trying to extract money from the unsavoury promoters who are trying to wriggle out of paying you at all.You are travelling up and down the country four, five, sometimes seven nights a week to places you have probably only ever heard of, meeting all sorts of different people. As a result comics often know the country as well as anyone - all the while trying to keep costs down so that you can exit the gig at a profit. On top of all of that, but most fundamental of all, you have got to write an act that people find funny. You learn so many skills doing comedy. Even if you are not destined for stardom, which most of us aren't, the discipline still equips you for life. You just need to look at the many people who started out as comedians who have since gone on to achieve huge success in other fields, from Joe Rogan to Volodymyr Zelensky, to know there must be something in it.Yet, if you're a potential employer looking at someone's CV and you see the word comedian, I bet that makes you less likely, rather than more likely, to call them in for an interview.In fact, most comedians who decide they've done it for long enough and now want to try something else, find it near impossible to find employment because of the fact they have comedian on their CV. The only option for most is to set up another business. Please tell your friends on Twitter, Linked and Facebook about this really interesting article.What a random hotchpotch of a career you have. How did it happen?I'm now 53. The longest I've ever lasted in a “proper” job is three months. This was back in 1992, when I was 23. I used to get up every morning, get the tube into Leicester Square and then do 10am to 6.30pm in an office. I hated it. It was not that bad a job either, but I hated being stuck in an office all day with no fresh air and not owning my own time.That's not to say I'm not hard-working. I'm extremely hard-working. You just need to look at my output to see that. I would spend the next 15 years working occasionally as an actor, regularly as a voiceover (for some reason I always got more voiceover work than acting) and then, from 1997, as a comedian. All the while, I was trying to get stuff published - I wrote two novels and a million articles - but never with any success. I think I got one article in the Big Issue.But by 2006, I had made a bit of money, some in property (by accident) and some from voiceovers: I had been, at various points, the voice of such eminent products as First Direct, Nintendo 64 and the National Lottery. My dad had made a bit of money, too. Between us, we were trying to figure out how to turn our bit of money into a lot of money; because we were trying to raise five million quid to bring Kisses on a Postcard into the West End. From what I was reading at the time, commodities and gold, especially, seemed to be the place to invest, particularly with all the growth that was taking place in China. There were all sorts of people talking about it. But how to meet them and talk to them, without having to pay them? A podcast …What gave you the inspiration for the podcast interviews?I always knew I'd be a good presenter, even though I'd never actually done it. I was good at hosting comedy clubs and other such stuff. I approached a mining PR company called Commodity Watch and suggested we start a podcast. They didn't really understand what I was talking about, so I did it anyway and began interviewing all these various people I'd heard on the internet talking so wisely about stuff.My very first interview was with the billionaire, Jim Rogers, who had run the Quantum Fund with George Soros. My next two were with noted silver analyst, David Morgan, and the gold expert, James Turk. I quickly learnt that you could secure interviews with people “above your station” quite easily, if they have something to promote, such as a book. A lot of the time people are happy to help out, even if they don't have something to promote. To my surprise, there were far fewer walled gardens in the worlds of investment and commodities than in comedy and TV. People were much more open.Subscribe to The Flying Frisby.What brought about the job at Moneyweek?One of the people I interviewed was Merryn Somerset Webb who, at the time, was editor at Money Week. “We need people like you to come and write for us,” she said. “Come into the office next week and meet Toby, the MD.”So I did. Here I am, 17 years later and I am still writing the same weekly column, a column that has been popular and, in terms of longevity at least, successful. I've since published three books with a fourth on the way. I've written several documentaries, one of which was a huge internet sensation (even if I was never properly credited) and more besides. I think it's fair to say that partnership with Moneyweek has worked - for them and me. But if I had sent my CV in to Merryn, all she would have seen was stand-up comedian, voiceover artist, occasional actor, Johnny-come-lately podcast host and unpublished novelist. I don't think she would for a second have gone, “I need to get this bloke writing for us.” Pretty much any employer would have looked at my CV and passed it by.I now have this ridiculously random hotchpotch career that I can't begin to explain. I'm a financial writer, comedian, singer-songwriter, comedy music video maker, TV presenter and voiceover artist. A very nice chap who works in internet marketing and likes my output - but despairs at its lack of clarity - with whom I correspond frequently, put this graphic together to try and explain what I do.What can we learn from that episode with Merryn?Two things. One, I don't believe there is any substitute for face-to-face meetings. Meeting someone in the flesh inspires trust in a way that not a million emails can. (That, by the way, is, I think, why I never had stuff published. I just sent it in. I'm not even sure it got read. It's much easier to ignore a letter or an email than someone in person).Often it works in reverse too. You really admire someone online for whatever it is they've written or said, but then you meet them in person and realise this is not the type of person you should be listening too.Second, when you meet someone through the medium of an interview for a podcast, rather than just a meeting, it's like a heightened encounter. You get through so much more in an hour than you otherwise would. Get to know anyone who hosts a regular podcast and you will see they are total mavens. How many people do Joe Rogan, Konstantin Kisin or Steven Bartlett know as a result of their podcasts? How powerful are their networks? They are super connected - and trusted. Any introductions they make will carry weight.As it turns out, stand-up comedy was the ideal training ground for being a financial writer. In comedy, if the audience doesn't understand you, they don't laugh. If they don't laugh, you die. Thus does the comedian quickly learn the vital discipline of clarity. You also learn that you have to entertain people if you want to keep their attention.No such discipline exists in the world of financial journalism. Obfuscation is everywhere. It almost pays to be obfuscatory because then you can say, “Oh I didn't mean that, I meant this.” Some of the broadsheet journalists - guys who regularly win Finance Journalist of the Year or whatever - are as dull as ditch water and about as clear. Half the time, you have no idea what it is they are droning on about. I barely make it past the first paragraph.But do you know what? They probably got the job because their CV was right. Thank you for reading The Flying Frisby. Please like and share this post if you enjoyed it. .Other stuff:West Eng gig alert! This May, wearing my comedy hat, I'll be coming back to Crazy Coqs in Brasserie Zedel for another night of “curious comedy songs”. That's this May 7th. Please come if you're in town. They are super nights.AI and the FutureI recorded this 90-minute interview about AI the other day with Andy - super interesting - and it's now available to free subscribers:GoldInterested in protecting your wealth in these extraordinary times? Then be sure to own some gold bullion. My current recommended bullion dealer is The Pure Gold Company, whether you are taking delivery or storing online. Premiums are low, quality of service is high. You can deal with a human being. I have an affiliation deals with them.Here is some more info about Auxato: At Auxato, we don't just rely on your CV to get to know you. A key aspect of our approach to recruitment for our clients and candidates is the importance of building a long term relationship, learning about those skills that don't make it onto a CV. Want to experience a different recruitment way? Get in touch with us today and start your journey. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

1956 FBF: Cyprus Bailout & The Race to Debase Currencies with John Rubino of TheStreet.com and DollarCollapse.com

Play Episode Listen Later Feb 3, 2023 73:54

Today's Flashback Friday is from episode 308 published last March 25, 2013. Jason Hartman and John Rubino of DollarCollapse.com tackle the latest hot EU issue happening in Cyprus with the potential implosion of the Cyprian banking system. John discusses what is on the table to bail out Cyprus and the consequences of any deals reached. He also shares his outlook for Japan, the U.S. and other countries around the world, including the race to debase currencies and the run to gold. John Rubino manages the popular financial website DollarCollapse.com. He is co-author, with GoldMoney's James Turk, of The Collapse of the Dollar and How to Profit From It (Doubleday, 2007), and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street (Morrow, 1998). After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine. Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

japan race european union wall street profit dollar collapse new york university stock market federal reserve cashflow interest rates main street cyprus housing market rental properties bailout special offer currencies mortgage rates flashback friday free courses cyprian housing bubble thestreet real estate news jason hartman eurodollar dollar collapse ron legrand goldmoney john rubino james turk pandemicinvesting finance mba hartman us realestatedata consumers digest save taxes estate planning protect get ron free mini book fund cya protect your assets

Markets To Fall Into 'Blind Panic' As System Breaks & Money Fails In 2023? | John Rubino

Wealthion

Play Episode Listen Later Jan 4, 2023 76:48

When at the start of a new year as we are now, it helps to take a fresh look at the macro situation -- the key trends that will drive the economy & markets. For example, the mountain of global debt continues to expand, but the cost of servicing it is suddenly skyrocketing due to higher interest rates. Inflation, while starting to moderate, is still not anywhere under control. US Money Supply is now shrinking for the 1st time in at a least 60 years. And the rest of world is rushing to find ways to de-dollarize trade. What impact will these trends have for investors in 2023? To discuss, we're fortunate to be joined today by John Rubino, co-author of the book The Money Bubble along with James Turk. ************************************************* At Wealthion, we show you how to protect and build your wealth by learning from the world's top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance. We offer exceptional interviews and explainer videos that dive deep into the trends driving today's markets, the economy, and your own net worth. We give you strategies for financial security, practical answers to questions like “how to grow my investments?”, and effective solutions for wealth building tailored to 'regular' investors just like you. There's no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead? Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis. Put the wisdom from the money & markets experts we feature on Wealthion into action by scheduling a free consultation with Wealthion's endorsed financial advisors, who will work with you to determine the right next steps for you to take in building your wealth. SCHEDULE YOUR FREE WEALTH CONSULTATION with Wealthion's endorsed financial advisors here: https://www.wealthion.com/ Subscribe to our YouTube channel https://www.youtube.com/channel/UCKMeK-HGHfUFFArZ91rzv5A?sub_confirmation=1 Follow Adam on Twitter https://twitter.com/menlobear Follow us on Facebook https://www.facebook.com/Wealthion-109680281218040 #money #investing #fed ************************************************* IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.

covid-19 money system breaks panic inflation markets fails dow john rubino james turk

Does Censorship Work?

Free Expression

Play Episode Listen Later Sep 21, 2022 41:03

In this episode, Dax speaks with James Turk, the Director of the Centre for Free Expression at Toronto Metropolitan University. They discuss the important differences between free expression and academic freedom, why censorship sometimes doesn't work, and what's happening on university campuses, among other things. Audio post-production by Mike Contos. Music by Truth and Fact by Hans Atom (copyright 2022). Special thanks to Richard Mailey and Patricia Paradis.

music director truth censorship free expression toronto metropolitan university james turk hans atom

Explained: How Gold & Silver Are The Solution | James Turk

SF Live

Play Episode Listen Later Aug 15, 2022 25:56

On this episode of #SFLive, we are welcoming James Turk, Founder of GoldMoney and author of the Free Money Gold Report, we discuss a wealth of topics incl. how gold & silver can be the solution to the current monetary crisis, the price of silver, US Dollar & Hyperinflation, and why crypto is a currency. Guest: James Turk, Founder GoldMoney Company: Free Money Gold Report Twitter: @FGMR Website: https://www.fgmr.com/ #GOLD #SILVER Tags: Gold, Gold Money, GoldMoney, Gold Price, Gold Currency, USD, US Dollar, Hyperinflation, FED, Crypto, Bitcoin, Bitcoin Price, Silver, Silver Price, Silver Squeeze, Silver Investing, SF Live, Soar Financial, Kai Hoffmann, Inflation, FED Fund Rate, Pursuit of Happiness, Free Money, Money Tips, Investing Tips., James Turk, Inflation, Recession MAKE SURE TO SUBSCRIBE TO OUR CHANNEL & HIT THE ALERT BUTTON Also, follow us on http://www.twitter.com/soarfinancial - make sure to follow us & click on the bell icon! ►► Follow Us! ◄◄ Twitter:http://twitter.com/soarfinancial Instagram: https://www.instagram.com/soarfinancial/ Facebook: https://www.facebook.com/soarfinancial/ Website: http://www.soarfinancial.com/ SF Live is a new format by Soar Financial Partners. The goal is to give short company updates and more importantly get investors engaged directly with the companies. Intro Music: "Summer" by Bensound.com **Disclaimer:** Unless specifically disclosed, all information available on Soar Financial and its affiliates or partners should be considered as non-commercial in nature. None of the content produced by Soar Financial should be considered an endorsement, offer or recommendation to buy or sell securities. Soar Financial is not registered with any financial or securities regulatory authority in Canada, the US, Europe, or the UK, and does not provide, nor claim to provide, investment advice or recommendations to any consumer of the content that Soar Financial produces and publicizes. Always do your own due diligence and/or consult a qualified legal, tax, or investment professional if personal advice is deemed necessary. Soar Financial and its related companies (including its directors, employees, and representatives) or a connected person may hold equity positions in securities detailed in communications. When this occurs a disclosure will be made. Disclosures on social media will be made using the hashtag #coi (short for conflict of interest). Soar Financial, its affiliates, and their respective directors, officers, employees, or agents expressly disclaim any liability for losses or damages, whether direct, indirect, special, or consequential, or other consequences, howsoever caused, arising out of any use or reproduction of this site or any decision made or action taken in reliance upon the produced content of Soar Financial, whether authorized or not. By accessing Soar Financial's content, each consumer of Soar Financial content releases Soar Financial, its affiliates, and their respective officers, directors, agents, and employees from all claims and proceedings for such losses, damages, or consequences. Soar Financial may provide content on third-party sites and we disclaim any responsibility for the content of any information posted on such other websites.

A fond farewell to a MoneyWeek legend

gang scottish tucker carlson commodities kisses postcards income taxes gary lineker fond farewell jim rogers money week owen jones nouriel roubini merryn robbie burns roubini james turk merryn somerset webb

Play Episode Listen Later Aug 7, 2022 7:15

John Stepek is leaving MoneyWeek. I've known for a while, but as his final day was yesterday and we have just had his leaving drinks, so the implications are just sinking in. I first started writing for MoneyWeek in 2006, which means John has been my editor for 16 years. Week in week out, he's had to plough through my twaddle. I reckon I have written at least 800 Money Mornings in that time (one Money Morning per week for 16 years), though the figure is probably closer to a thousand, as I've often written two per week. Plus the stuff I've written for the main mag. Each Money Morning averages 1,000 words, often more, so I make that close to a million words of mine that John has read, suffered and edited. What a saint. A happy accidentI've been racking my brains as to a memorable and suitable present to buy him, to say thank you. Then it came to me. What more appropriate way of expressing my gratitude than through a Money Morning itself. For all our plans, for all “the best laid schemes o' mice an' men”, life has a habit of taking the accidental route and so it was with my relationship with John. Although it never went, “gang aft a-gley.” Now if John was editing this, he would demand that I explain that Scottish poet Robbie Burns reference. I would say, “everyone knows that quote, we don't need to explain it.” John would insist we do. And, in order not to patronise those that do know it, I would then find a way of explaining that “gang aft a-gley” means “go wrong” without overtly looking like I am explaining it. The result would be something along the lines of what you've just read. You now know, if you were in any doubt, that “The best laid schemes o' mice an' men. Gang aft a-gley” is a quote by Scottish poet Robbie Burns meaning, “even good plans go wrong”, but you don't feel patronised because I've explained it, while apparently talking about something else. I learned how to do that through working with John.In MoneyWeek, of course, usually what needs explaining isn't a great Scottish poet, but some incomprehensible financial or mining jargon. Back to the point. My relationship with both John and MoneyWeek all happened by accident. Back in 2006, as a jobbing comedian and voiceover artist, I had made a bit of money and I was trying to figure out what to do with it. In fact, specifically, I was trying to figure how to turn the pot I had into three or five million quid in order that I could make the musical Kisses on a Postcard happen. I didn't entirely trust the fund managers I had met to achieve the unrealistic and astronomical multiples I was hoping for. So I started a podcast and began interviewing all these clever people I saw talking on the internet, such as Jim Rogers, Jim Dines and James Turk, to see if I could figure out a plan. Commodities and gold in particular seemed the route, and the show was called Commodity Watch Radio. One of the people I interviewed was Merryn, who said did I want to write a newsletter about commodities? I said I wasn't sure I was equipped to do that. She said come into the office and have a chat. In I went to meet Merryn and the then MD Toby Bray. There was also some quiet bloke in the corner, John Stepek. We agreed that thrusting me into a newsletter might be a little premature, but John had started this daily email, Money Morning, and perhaps I could start writing, say, one per week and then we'd see how it goes and take it from there? Fine, I agreed.Here we are 16 years on and it's still going. A temporary plan became permanent. A bit like Income Tax. MoneyWeek's quiet, consistent rock Clarity has always been one of John's priorities, but also neutrality. “You're great on the financial stuff and the macro stuff, Dominic, but when you get onto politics, you get ranty. You confirm the biases of those who agree with you, you annoy those who don't and you alienate the undecided,” he once said to me. That expression has always stayed with me: “alienate the undecided”. In today's polarised worlds, if you want notoriety, it pays to be an Owen Jones or a Tucker Carlson, but that was never measured John's priority, nor is it the MoneyWeek way, which aims to stay broadly neutral on politics. John has always edited my stuff quickly and well, but he's never been precious about his edits. I, on the other hand, am a control freak, and John has let that be. He doesn't seem to mind me re-editing his edits - no control freak he. The resulting compromise has almost invariably been a better piece. I have learned so much about writing in our time together. I always wanted to be a writer. I went to drama school because all the best writers started out as actors. But, bizarrely, it wasn't the entertainment industry that ever gave me the break. It was finance, MoneyWeek, Merryn Somerset Webb and John Stepek. I've since written three books, several films and endless content, as you probably know. And here's the bizarre thing: in all that time, I'd say I have met John in person fewer than ten times. Our entire relationship, one of the most successful professional relationships of my life, has been conducted almost entirely by email. Occasionally we speak on the phone, but rarely. Who says in this new age of digital nomadery we actually need to meet the people we work for? John must get more emails than Gary Lineker does complaints and yet throughout all of that time he has always replied to me promptly and thoroughly. It sounds trivial. But I've had book editors who don't reply to emails, and it's a blooming nightmare. Communication breaks down. I usually reply to emails quickly as well, and that has been key to our success. I once heard Merryn describe John as her rock, and he really has been that to the entire MoneyWeek operation. A pillar of quiet consistency, happy for those he edits to get the praise and the glory, while he quietly gets on with it. He can be strong and stubborn when he needs to, but he's also been very much live and let live, tolerant of his contributors' eccentricities and idiosyncrasies – embracing of them even. In all that time, we have never had a falling out. In fact, I can only recall one angry word. I had been trying to write a hugely witty debunk of some nonsense from Nouriel Roubini on gold, in the same ten-point format of Roubini's original article. But I couldn't write it to the 10-point Roubini template – we obviously think differently – with the net result that the article I submitted was both late and unpublishable. It meant John had to write a last-minute replacement when he had better things to be doing, such as getting that week's magazine to print. No wonder he had the hump. I've spent this entire article praising John as an editor and I have't even got to his writing talents. And yet they are what his new employer has signed him up for. He's a great writer too.John, thank you so much for everything. I will be forever grateful. I wish you the very best of success in your new job. And you will, I've no doubt, have it. Because fortune favours the prepared.PS I forgot to mention the attention to detail.This article first appeared at Moneyweek. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

A fond farewell to a MoneyWeek legend

clarity gang scottish tucker carlson commodities kisses postcards income taxes gary lineker fond farewell jim rogers money week owen jones nouriel roubini merryn robbie burns roubini james turk merryn somerset webb

Play Episode Listen Later Aug 7, 2022 7:15

John Stepek is leaving MoneyWeek. I've known for a while, but as his final day was yesterday and we have just had his leaving drinks, so the implications are just sinking in. I first started writing for MoneyWeek in 2006, which means John has been my editor for 16 years. Week in week out, he's had to plough through my twaddle. I reckon I have written at least 800 Money Mornings in that time (one Money Morning per week for 16 years), though the figure is probably closer to a thousand, as I've often written two per week. Plus the stuff I've written for the main mag. Each Money Morning averages 1,000 words, often more, so I make that close to a million words of mine that John has read, suffered and edited. What a saint. A happy accidentI've been racking my brains as to a memorable and suitable present to buy him, to say thank you. Then it came to me. What more appropriate way of expressing my gratitude than through a Money Morning itself. For all our plans, for all “the best laid schemes o' mice an' men”, life has a habit of taking the accidental route and so it was with my relationship with John. Although it never went, “gang aft a-gley.” Now if John was editing this, he would demand that I explain that Scottish poet Robbie Burns reference. I would say, “everyone knows that quote, we don't need to explain it.” John would insist we do. And, in order not to patronise those that do know it, I would then find a way of explaining that “gang aft a-gley” means “go wrong” without overtly looking like I am explaining it. The result would be something along the lines of what you've just read. You now know, if you were in any doubt, that “The best laid schemes o' mice an' men. Gang aft a-gley” is a quote by Scottish poet Robbie Burns meaning, “even good plans go wrong”, but you don't feel patronised because I've explained it, while apparently talking about something else. I learned how to do that through working with John.In MoneyWeek, of course, usually what needs explaining isn't a great Scottish poet, but some incomprehensible financial or mining jargon. Back to the point. My relationship with both John and MoneyWeek all happened by accident. Back in 2006, as a jobbing comedian and voiceover artist, I had made a bit of money and I was trying to figure out what to do with it. In fact, specifically, I was trying to figure how to turn the pot I had into three or five million quid in order that I could make the musical Kisses on a Postcard happen. I didn't entirely trust the fund managers I had met to achieve the unrealistic and astronomical multiples I was hoping for. So I started a podcast and began interviewing all these clever people I saw talking on the internet, such as Jim Rogers, Jim Dines and James Turk, to see if I could figure out a plan. Commodities and gold in particular seemed the route, and the show was called Commodity Watch Radio. One of the people I interviewed was Merryn, who said did I want to write a newsletter about commodities? I said I wasn't sure I was equipped to do that. She said come into the office and have a chat. In I went to meet Merryn and the then MD Toby Bray. There was also some quiet bloke in the corner, John Stepek. We agreed that thrusting me into a newsletter might be a little premature, but John had started this daily email, Money Morning, and perhaps I could start writing, say, one per week and then we'd see how it goes and take it from there? Fine, I agreed.Here we are 16 years on and it's still going. A temporary plan became permanent. A bit like Income Tax. MoneyWeek's quiet, consistent rock Clarity has always been one of John's priorities, but also neutrality. “You're great on the financial stuff and the macro stuff, Dominic, but when you get onto politics, you get ranty. You confirm the biases of those who agree with you, you annoy those who don't and you alienate the undecided,” he once said to me. That expression has always stayed with me: “alienate the undecided”. In today's polarised worlds, if you want notoriety, it pays to be an Owen Jones or a Tucker Carlson, but that was never measured John's priority, nor is it the MoneyWeek way, which aims to stay broadly neutral on politics. John has always edited my stuff quickly and well, but he's never been precious about his edits. I, on the other hand, am a control freak, and John has let that be. He doesn't seem to mind me re-editing his edits - no control freak he. The resulting compromise has almost invariably been a better piece. I have learned so much about writing in our time together. I always wanted to be a writer. I went to drama school because all the best writers started out as actors. But, bizarrely, it wasn't the entertainment industry that ever gave me the break. It was finance, MoneyWeek, Merryn Somerset Webb and John Stepek. I've since written three books, several films and endless content, as you probably know. And here's the bizarre thing: in all that time, I'd say I have met John in person fewer than ten times. Our entire relationship, one of the most successful professional relationships of my life, has been conducted almost entirely by email. Occasionally we speak on the phone, but rarely. Who says in this new age of digital nomadery we actually need to meet the people we work for? John must get more emails than Gary Lineker does complaints and yet throughout all of that time he has always replied to me promptly and thoroughly. It sounds trivial. But I've had book editors who don't reply to emails, and it's a blooming nightmare. Communication breaks down. I usually reply to emails quickly as well, and that has been key to our success. I once heard Merryn describe John as her rock, and he really has been that to the entire MoneyWeek operation. A pillar of quiet consistency, happy for those he edits to get the praise and the glory, while he quietly gets on with it. He can be strong and stubborn when he needs to, but he's also been very much live and let live, tolerant of his contributors' eccentricities and idiosyncrasies – embracing of them even. In all that time, we have never had a falling out. In fact, I can only recall one angry word. I had been trying to write a hugely witty debunk of some nonsense from Nouriel Roubini on gold, in the same ten-point format of Roubini's original article. But I couldn't write it to the 10-point Roubini template – we obviously think differently – with the net result that the article I submitted was both late and unpublishable. It meant John had to write a last-minute replacement when he had better things to be doing, such as getting that week's magazine to print. No wonder he had the hump. I've spent this entire article praising John as an editor and I have't even got to his writing talents. And yet they are what his new employer has signed him up for. He's a great writer too.John, thank you so much for everything. I will be forever grateful. I wish you the very best of success in your new job. And you will, I've no doubt, have it. Because fortune favours the prepared.PS I forgot to mention the attention to detail.This article first appeared at Moneyweek. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit frisby.substack.com/subscribe

Sự Sụp Đổ Của Đồng Đô-La Và Phương Pháp Tìm Kiếm Lợi Nhuận Từ Nó - James Turk, John Robino

Sách Nói Tài Chính | AudioBook Finance

Play Episode Listen Later Jul 30, 2022 544:36

Sưu tầm

james turk

Endgame For Fiat Currencies Nears As Debt & Inflation Become Unsustainable | John Rubino

Wealthion

Play Episode Listen Later Jul 20, 2022 66:27

As governments increase their debt, servicing that debt becomes a bigger and bigger problem. That's especially true if the pile of debt is growing much faster than the underlying economy, which has been the case for decades. This forces central banks to print more new currency in order to enable their governments to handle the debt service payments. But once inflation starts becoming an intractable problem & interest rates can no longer be suppressed, the system breaks. History is clear on this. So, are we close to such a seminal breaking point? Dangerously close, concludes monetary historian and macro analyst John Rubino, co-author of the book The Money Bubble along with James Turk. We're going to dig into the reason why, as well as what steps regular investors can consider taking today before that breaking point is reached to protect their wealth. https://youtu.be/IWp2-XMqSr0

history debt inflation endgame fiat currencies dangerously unsustainable john rubino james turk

Gold is Liberty | James Turk

Gold Silver Pros

Play Episode Listen Later Jul 8, 2022 28:33

I am joined by a very special guest, James Turk. He is the founder of Gold Money and author of the book "Money and Liberty: In the Pursuit of Happiness & The Theory of Natural Money".

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How the US Dollar Will End | James Turk

Gold Newsletter Podcast

Play Episode Listen Later Jul 5, 2022 34:39

How long will the US dollar last in light of the record inflation we have seen this year? James Turk, founder of Goldmoney and writer of the Free Gold Money Report, explains that the US dollar is in the closing stages of a long-term bubble and elaborates on the role technology will play in the future of currency. Michael Konnert, director and CEO of Vizsla Silver (TSXV: VZLA | NYSE: VZLA), discusses the firm's discovery of the Copala Vein in their Panuco project in Mexico and its subsequent drilling results in our latest Inventa Capital segment. Show notes: https://goldnewsletter.com/podcast/how-the-us-dollar-will-end/

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Discussing the Acquittal of Isimemen Etute With James Turk

Higher Learning with Van Lathan and Rachel Lindsay

Play Episode Listen Later Jun 7, 2022 108:20 Very Popular

Van and Rachel are joined by James Turk, the defense attorney representing Isimemen Etute, who was found not guilty in the beating death of a man he initially believed to be a woman (8:23). Plus, Michael B. Jordan and Lori Harvey breakup (1:07:47), Herschel Walker does press (1:31:39), and an update on ‘Mountain Lion Watch' (1:36:51). Hosts: Van Lathan and Rachel Lindsay Guest: James Turk Producers: Trudy Joseph and Donnie Beacham Jr. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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High school newspaper cries censorship in fight with Vancouver School Board

The Current

Play Episode Listen Later Jun 1, 2022 16:24

Student journalists at a Vancouver high school are crying censorship in a fight over articles that hold school officials to account. We hear more from Spencer Izen, editor-in-chief of the Griffins' Nest school paper in Vancouver; and James Turk, director for the Centre for Free Expression at Toronto Metropolitan University.

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Why Go to Court Over Mandate Letters?

The Agenda with Steve Paikin (Audio)

Play Episode Listen Later May 24, 2022 9:17

The Supreme Court of Canada decided it would hear the Ontario government's appeal on whether the mandate letters then-Premier Ford wrote to his cabinet ministers in 2018, could be kept secret and not released to the public. It's a case the government has lost twice and now the appeal is going to the highest court. James Turk, Director of the Centre for Free Expression at Toronto Metropolitan University joins us to discuss the relevance of these letters and of this appeal. See omnystudio.com/listener for privacy information.

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Doug Ford's fight to keep mandate letters private headed for Supreme Court

Alan Carter

Play Episode Listen Later Mar 30, 2022 9:09

Guest host Mark Carcasole speaks with James Turk, director of Ryerson University's Centre for Free Expression.

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Why is gold so valuable?

Overnights

Play Episode Listen Later Jan 20, 2022 48:39

We're joined by one of the most experienced voices in the gold market to explain exactly what determines the value of gold.

money gold finance valuable precious metals james turk

Why is gold so valuable?

Overnights

Play Episode Listen Later Jan 20, 2022 48:39

We're joined by one of the most experienced voices in the gold market to explain exactly what determines the value of gold.

money gold finance valuable precious metals james turk

The Monetary Path to Hell!

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Play Episode Listen Later Dec 21, 2021 55:46

James Turk, Michael Oliver & Quinton Hennigh return. America's Founding Fathers defined the dollar in terms of a set amount of gold and silver because they understood fiat money would enable politicians and private citizens to counterfeit money as a means of robbing honest, hardworking citizens and thereby deprive them of their natural rights to life, liberty and the pursuit of happiness. Fast forward to 2021, in a world of massive money manipulation by the Federal Reserve Bank, Americans are confined to their homes, mandated to be vaccinated, forced to wear masks, told when and with whom they can assemble, and told what they are allowed to say. Not only is our wealth being stolen through monetary inflation, which would be impossible had we kept gold and silver as money, but we are also losing life, liberty and the pursuit of happiness. James Turk who has understood the connection between dishonest fiat money and the road to hellish government tyranny has written about this subject in his newly published book titled “Money & Liberty: In the Pursuit of Happiness and The Theory of Natural Money.” We will ask James to explain how sound money is a precondition to a sound and fair meritocracy that enables people to be free to use their God given talents for an advanced equitable society. Michael will share the results of his latest momentum and structural analysis of gold and silver and other significant markets and Quinton will provide an update on Eskay Mining's evolving precious metals rich VMS deposit in B.C. that is connected to the famous Eskay Creek mine.

Profiting From The Coming Dollar Collapse

Play Episode Listen Later Aug 17, 2021 58:35

John Rubino, Patrick Highsmith and Michael Oliver return. In 2004, John Rubino and James Turk wrote “The Coming Collapse of the Dollar and How to Profit from it.” John Maynard Keynes stated, “There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.” Rubino and Turk wrote about the upcoming dollar collapse 17 years ago but the dollar is still the world's reserve currency. Were they wrong? Or is America's current move into fascism under President Biden evidence that an ongoing destruction of the dollar since 1971 is leading to the destruction of American society starting with the most basic America right, The First Amendment? With the destruction of the American Republic well underway, what will happen to American society when the dollar finally does enter the dustbin of history as all fiat currencies through history have? With the Biden Administration spending trillions upon trillions of dollars that can only be funded with computer money, can a hyper-inflationary destruction of purchasing power be far away? Those are all topics for John. Michael will opine from his technical viewpoint on the dollar's future and Patrick will explain how Firefox Gold is a possible vehicle to help insightful investors profit from the dollar's demise.

Myths about Gold as an Investment Medium

gold myths economy investment medium investments mainstream keynes keynesian businessradio michael oliver gold miners jay taylor james turk yukon gold

Play Episode Listen Later Aug 13, 2019 57:02

James Turk, Peter Tallman and Michael Oliver return. Mainstream investment pros are starting to buy gold to “hedge” their equity portfolios. But most investment pros hate gold given their training in Keynesian economics. Keynes called gold a “barbaric relic” because it stood in the way of the elitist socialist economist manipulating markets for their advantage against the common man. A pack of lies spread by Keynes regarding gold lives on in the minds of virtually all investors today because they have all been trained by Keynesian professors. What are the common fallacies about gold that can cost you dearly if you follow them? James will discuss. On the heels of some very good drill results came a phenomenal one meter intercept grading 1,009 g t gold on Klondike Golds Yukon property. Peter will discuss what that major discovery hole means for Klondikes world class gold exploration project. As usual Michael will share his insights into the most important markets at this time.

Using Goldmoney to Preserve your Wealth

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Play Episode Listen Later Jul 18, 2017 56:04

James Turk, and Michael Oliver return. Cooper Quinn, Pres. & CEO of Osprey Gold Development visits for the first time. America's Founders understood that if Americans were to retain their freedom and liberty, an honest, asset-backed monetary system must be preserved. Otherwise, money becomes a political instrument in the hands of bankers and the state, used to manipulate citizens and markets for the accumulation of power in the hands of a few. When Nixon detached gold from the dollar and thus the international monetary system, the world embarked on massive indebtedness and global insolvency that is now leading to increasing government regulation resulting in a loss of freedom and economic prosperity. But with the Internet, gold is reemerging as money. Turk will explain how you can preserve your wealth with gold. Oliver will deliver his usual prescient remarks on key markets and Quinn will make the case for Osprey Gold Development's prospects for profitable gold production.

SchiffGold Joint Venture With GoldMoney

The Peter Schiff Show Podcast

Play Episode Listen Later Jul 9, 2016 59:20

I'm sitting with Josh Crumb, the co-founder of a company that was originally called BitGold but following the acquisition of James Turk's GoldMoney they rebranded their company as GoldMoney I agree with that decision because I think GoldMoney is more descriptive of what they are really doing with gold, than is BitGold But the reason we're sitting here today is because I was so impressed with their company after having lengthy conversations with the other co-founder, Roy Sebag, that I really agreed with Roy and I thought that the best thing for us to do was to join forces and to combine both companies to the mutual benefit of both investors and, more importantly customers of both my company SchiffGold, and GoldMoney So we've agreed on a merger and we've formed a joint venture between the two companies What I wanted to announce today is what this new joint venture means for current customers of my company, SchiffGold One of the things customers might be thinking is: "Does this mean that my experience is going to change?" GoldMoney (BitGold) is much more of an internet-based program where people are not interacting with live representatives The answer to that question is no. Nothing is going to change regarding the our customers' relationships with SchiffGold In fact, what we're hoping to achieve is to bring some of that personal service to the current GoldMoney customers

joint ventures goldmoney james turk schiffgold bitgold josh crumb

The Gold Standard is Here Again!

Play Episode Listen Later Oct 20, 2015 60:31

Roy Sebag and Michael Oliver return. James Turk's dream for GoldMoney.com was for gold to return as money. His patents combined with modern technology have led to the construction of a BitGold platform that enables you to once again use gold as money. Simply load your Master Card with grams of gold and purchase goods and services as you would with any other credit card. But this Bitgold platform is more than a retail credit card. It is not only a PayPal-like system but superior in that it enables commercial transactions at less cost than ordinary international payments systems. For that reason your host loves GoldMoney (AKA BitGold) both as a consumer and as an investor in GoldMoney Inc. (OTC-BTGDF). CEO Roy Sebag will explain why Gold Money is potentially superior to PayPal and how you can use the BitGold payment platform to enhance your wealth. Michael Oliver will return to update us on his latest technical revelations on the stock, bond and precious metals markets.

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Can Bitgold Inc. Help Restore an Honest Monetary System?

Play Episode Listen Later Jun 16, 2015 56:59

Roy Sebag, CEO of Bitgold, and James Turk of GoldMoney will explain how you can profit from the merger of GoldMoney into the crypto world of Bitgold. Turk has sought to use technology to enable people to use gold as money once again. His belief that Roy's BitGold holds the answer led him to merge GoldMoney into Bitgold, which company's shares now trade publicly in Canada. Bitgold enables holders of gold to load their credit cards with a portion of their GoldMoney holdings for the purchase goods and services just as you would with any other credit card. Self serving Paul Tustain, CEO of Bullion Vault, expressed criticism against the newly merged company suggesting people who keep their gold at GoldMoney may lose it in bankruptcy. Sebag and Turk will address those criticisms and talk about potential profits for equity investors in Bitgold. Drost will join me to provide an update on the progress of Carlisle Gold's emerging mine which is moving forward with partner Aurico Gold Inc.

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Will Gold Zoom Higher with Greece on the Brink of Default?