Podcasts about treasuries

Exclusive interview with Michael Pento of Pento Portfolio Strategies and author of the book The Coming Bond Market Collapse. Michael weighs in on the growing global de-dollarization movement as foreign countries around the world are actively working to reduce their holdings of U.S. Treasuries and more. Don't forget to also follow us on social media for more important precious metals updates! https://www.youtube.com/@Moneymetals | https://www.facebook.com/MoneyMetals | https://instagram.com/moneymetals/ | https://twitter.com/moneymetals | https://www.pinterest.com/moneymetals/

In this episode we answer emails from Arun, Neil, and Stephen.  We discuss intermediate accumulation portfolios, when you start needing bonds and being a good family man; favorite listener episodes #436 and #441, and an analysis of Thurman portfolios and what they are missing.  Links:Episode 436 Video Summary:   https://drive.google.com/file/d/1WQ1hvoLaX3hJL3DoLnaWsAxNBdOYFLB0/view?usp=sharingEpisode 441 Video Summary:  https://drive.google.com/file/d/1fHpBZCykn-UOXMarWKIMVX0tLG9-OEDa/view?usp=sharingRetirement Investment Advisors SEC Disclosure:  Microsoft Word - DRAFT 2 ADV 03.2025 PART 2-03.25.2025Thurman 10 Steps To Build Retirement Portfolio:  E-Book 10 Portfolio Steps v1.2024PortfolioLab Thurman Portfolio:  Randy Thurman All-Weather Retirement Portfolio | PortfoliosLabPortfolio Visualizer Analysis of Thurman Portfolios:  Backtest Portfolio Asset Class AllocationBreathless Unedited AI-Bot Summary:Tired of vague investing advice that wilts when real life hits? We open the mailbag and get practical about three decisions most DIY investors face: rebalancing a mid-term portfolio, adding bonds before retirement, and whether a 100 percent stock allocation can actually work when you're withdrawing. Along the way, we put a highly marketed “all-weather” retirement framework under the microscope and show why corporate bonds often fail when you need ballast most.We start with an intermediate-term goal: saving for a house in three to five years. Rather than forcing taxable rebalancing, we explain how to direct new contributions and dividends toward lagging sleeves to maintain balance while sidestepping taxes. Then we tackle bond placement for accumulators in their late 30s and early 40s: why Treasuries belong in traditional 401(k)s, why cost basis doesn't matter inside retirement accounts, and when adding bonds is a sleep-aid rather than a must-have. Next, we confront the 100 percent stock question. If you intend to underspend and maximize terminal wealth, it can work. If you want higher sustainable withdrawals, diversification wins.The centerpiece: a head-to-head backtest of an “all-weather retirement” recipe built around corporate bonds and global equities versus a more balanced, risk-parity-inspired mix that includes Treasuries and a modest allocation to gold. The results highlight a core truth of sequence risk: smaller, shorter drawdowns can raise safe withdrawal rates and preserve flexibility. We also talk mindset—stop treating assets like sports teams. They're tools: stocks for growth, Treasuries for defense, gold for inflation shocks. Set your stock percentage first, split growth and value, prefer Treasuries over corporates for hedging, consider 10–15 percent gold, and test your plan with Portfolio Visualizer, Portfolio Charts, Testfolio, and the Early Retirement Now toolkit.Life design matters too. For parents in the exhausting middle—toddler chaos, peak earnings, zero time—we share a simple playbook: cut low-yield work commitments, focus on small, memorable family moments, and accept this as a temporary storm. Build a portfolio that buys time, not stress, and let your money serve the life you want. Enjoy the conversation, and if it helps, subscribe, leave a review, and share this episode with a friend who's balancing markets and midnight wake-ups.Support the show

Register here to attend the live virtual event "How to Scale Your Portfolio, with Tenanted Cash Flowing, New Construction Properties" on Thursday, November 13th at 8pm Eastern. Keith discusses Billie Eilish's views on billionaires and contrasts her stance with Grant Cardone's, emphasizing the value billionaires bring.  Hear about the Fed's decision to end Quantitative Tightening (QT), predicting lower interest rates.  GRE Investment Coach, Naresh Vissa, joins the conversation to highlight the benefits of new build properties, such as lower maintenance and higher tenant quality, and mentions a 10% cashback incentive from builders.  Resources: Register for the event at GREwebinars.com Episode Page: GetRichEducation.com/579 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  0:00   Keith, welcome to GRE. I'm your host. Keith Weinhold, should billionaires even exist? Why do so many people think that interest rates of all types are headed even lower than as a real estate investor, how to identify and capitalize on an opportunity in this era? It's something that I've never seen before. Today on get rich education   Speaker 1  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  1:13   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  1:29   Welcome to GRE from flatiron, Manhattan to Flatbush, Brooklyn, across New York City and 188 world nations. This is Get Rich Education. I'm your host. Keith Weinhold, it's the longest federal government shutdown in US history. This whole thing has now lasted longer than most gym memberships. I guess the GDP stands for government doesn't produce, hmm. Before we get into our core investing and real estate content today, Billie Eilish, the singer, recently made some public remarks on whether or not billionaires should even exist. Yeah. Now if you're not familiar with her, Billie Eilish is known for her kind of unique style, sort of these baggy clothes, neon hair, avant garde fashion, and she has a reputation for being outspoken about a lot of things like mental health and body image and environmental issues. Now, in general, I respect people for speaking their mind, whether I agree or not, because a lot of people are just afraid to do that. Let's listen in to this short clip on what she said. You might have heard this because it was pretty widely broadcasted. Eilish spoke after receiving recognition at the Wall Street Journal innovator awards. This is courtesy of the AP. And then I'll come back to comment.   Speaker 2  2:58   We're in a time right now where the world is really, bad and really dark, and people need empathy and help more than kind of ever, especially in our country. And I'd say if you have money, it would be great to use it for good things and maybe give it to some people that need it and love you all, but there's a few people in here that have a lot more money than me, and if you're a billionaire, why are you a billionaire? No hate, but yeah, give your money away. Shorties. Love you guys. Thank you so much.   Speaker 3  3:40   First of all, without explicitly saying it, she's basically referencing how inflation widened the canyon between the haves and the have nots and GRE listeners that have acted have been on the right side of that canyon. I actually want to give Billie Eilish some credit here. Giving is virtuous. That is a good thing. In fact, next month, I plan to discuss the pros and cons of giving here on the show as we approach Christmas. Billie Eilish, she's certainly not a hypocrite either, because she's given away more than $10 million of her estimated $50 million dollar net worth. She's into feeding people and climate initiatives that right there is giving away more than 20% of your net worth, and that is really kind. Now, you heard her say there's a few people in here that have a lot more money than me, and she's right. Mark Zuckerberg was in that room. His net worth of over 200 billion means that his net worth is more than 4000 times greater than Billy eilish's. It sounds loosely like she's. shaming him for not giving away more of his wealth. And I don't know just offhand how much Zuck gives away, but this is where my credit to Billy Eilish stops. I think that it's okay for a person to be a billionaire. I wouldn't question that. I mean, a lot of times it meant that that person was willing to take risks that others would not dare try. A billionaire probably means you're a person of great value, and that you've hired hundreds or 1000s of other people, creating jobs for them. A billionaire has almost certainly created a product that society values. Jeff Bezos pioneered one day delivery. Zuckerberg connects people through his meta platforms. And now I'm not going to say that either one of those billionaires are perfect people. They are flawed, just like you and I. Billionaires probably pay more tax than the average person as well. That supports the infrastructure that you and I and everybody use, like building bridges or creating a fiber optic network. I would expect that a billionaire would be a giver as well. And see, if you're a billionaire, you have more ability to give than the average person does, you can make a greater impact. And see, this is where things really break down and not make sense. So if Billie Eilish is net worth is 50 million, Oh, apparently that's just okay. That's fine with her. But once it gets to 20 times greater than that, which is 1 billion, then it's not okay. So that means the line is drawn somewhere in there. That makes zero sense to me. The ceiling on what you're supposed to have in net worth is between 50 million and 1 billion. Like, I really do not get the logic on that one. And you know, a guest that we've had on the show here, Grant Cardone, whether you like him or not, he has had some on point remarks about these Billy Eilish comments himself to the question that she posited, which is, if you're a billionaire, why are you a billionaire? Cardone's answer is, if you're a pop star, why are you a pop star? Billy said, give your money away. Cardone's response to her is, give your music away. That's some food for thought there. That's my take on the Billy Eilish remarks on whether or not billionaires should exist. And if you want to hear Grant Cardone and I's conversation here on GRE, that was episode 264 the title of it is Keith Weinhold and Grant Cardone 10x your wealth number 264, a lot of listeners like that episode saying something like it was a dream to hear grant and I together for the first time. Like that, their favorite sales trainer on their favorite real estate show. You can listen by either scrolling way back to get rich education episode 264 in your podcatcher, or you can listen directly by going to get rich education.com/ 264,    Keith Weinhold  8:11   now the Fed has said that they are going to slow or end Qt, next month. All right, when Jerome Powell says something like this, what does that really mean to you as an investor? What can you expect ending QT? Well, you probably already know that QE quantitative easing that has the effect of creating dollars. Qt is the opposite. It has the effect of destroying dollars. So if they're ending Qt, this helps keep more dollars around in the future. So ending Qt then, like we expect soon, that really parallels a lower interest rate environment, because see lower rates already make dollars flow more freely. You probably remember the analogy that I introduced to you on the show earlier this year about how lower rates are like lowering the height of a dam wall. It makes it easier for water to flow, so then lowering rates makes it easier for money to flow, and that's because low savings account rates make people get money out of those vehicles. Okay, that's that low dam wall and low borrowing rates make that money flow as well. People will unlock dollars if rates are low, late last year, the Fed dropped rates a full 1% then they didn't make any moves for a while, until late this year, they've now dropped rates another half a percent. That's the environment that we're in. So then more QE and less QT. That further eases the flow of dollars, and it correlates with even lower rates that are coming in the future. Now it doesn't mean that they will. I'm not saying that they certainly will. There is just that tendency, that correlation. So we had pandemic era QE there about five years ago, that ended as we moved to Qt in 2022 and now what we're doing is unwinding Qt, moving back toward more flow, and it surely gets more technical than that. Ending Qt allows the Fed to expand its balance sheet again. Treasuries and mortgage backed securities, once matured, can now be replaced, and that injects liquidity into the system once again, and that is where we're going. Bank reserves are reaching ample levels again, and there is no need to put liquidity stress on money markets. A lot of these moves are here. What they're here for is to help ease the concerning labor market. It's been almost exactly three years now since chatgpt launched, and a while back, I mentioned how companies were newly interested in hiring the shiny new job that didn't exist before the AI prompt engineer that was one of the hottest jobs. Well, yeah, that was true back in 2023 but not so much. Now. A lot of companies have figured out that the employees that wanted to keep their job, well, they figured out real quick how to be the Ask AI, good questions guy, and we are seeing more layoffs later today, my guest and I will talk about that, and also he's going to make somewhat of a future mortgage rate forecast, or at least talk about the direction that they're going in. I think you're really going to like that. I don't predict rates myself, but sometimes a guest will. That's what's happening today. My point here is that with Qt ending, which again lowers the damn wall height and eases the flow of money, that parallels the fact that we have lower interest rates now than what we had one year ago, and we have lower interest rates now than what we had two years ago. As well, be mindful that you cannot get it all as a real estate investor. You cannot get soaring employment and low interest rates together. You cannot get those two things together, at least not for long. High employment means high rates. Low employment means low rates. Today's guest, and I will get into that as well.    Keith Weinhold  12:43   Well as we've had lower rates, hence a lower wall height, don't buy property and expect that you'll be able to refi into a lower rate within a year. If it happens, great. Don't buy expecting rents to go up or rates to go down, although many think that will happen. Just enjoy it. If it does, rent vesting has been on the rise lately. Yes, rent vesting. What that means is when you pay rent in the property where you live, and then the only properties that you own are rental properties. Rent vesting makes sense if you live in California, New York City and Boston, since rent to price ratios are so low there, and then you invest your dollars inland, that's how you can live in a high cost place and yet still benefit from cheap rental property and have income streams from them. You might remember that some months ago, I interviewed two listener guests on the show, everyday listeners, just like you, and California based investor and GRE listener, Joshua Fang, told us about his rent vesting. He pays rent in his primary residence, since the rent to price ratio might be three tenths of 1% there and then he owns property in GRE marketplace markets, I think it was Memphis and elsewhere where you're benefiting from, say, eight tenths of 1% that is called rent, vesting, investing in properties that make sense that you buy through GRE marketplace. And remember when Josh told us that passive income gives him time to enjoy life and even stop and watch two lizards for 15 minutes? Oh, what passive income can do. It's the quirky things that you remember. See. The point is that smart people in high cost states are rent vesting, if that's what you've got to do in order to own real assets. Then do it get on the right side, as this difference between the haves and the have nots just keeps expanding. I just did something that you might find interesting over the weekend for the first time in years. I visited that first fourplex building that I ever owned, which is also the first piece of real estate that I ever owned, that blue colored fourplex, and it is still blue. The address of that property is 925 east, 45th court, and it's in Midtown Anchorage. It has never been a pretty neighborhood, and I confirmed that it still is not. It looks a touch worse than when I owned it. I straightened up the curb appeal more than today's owner does. I bought the four Plex over 20 years ago for $295,000 and at that time, on the day that I bought. The total rents were $2,900 because it was 725 per door. I just looked on Zillow. And do you want to guess at its zestimated value today? Yes, it cost 295k back in 2002 and today, the Zestimate is 625k I don't know what today's rents are. My guess is that they're just short of $6,000 for all four units combined, two bed, one bath, 960 square foot units, really plain vanilla, boring looking housing, but it's certainly not like a crime ridden slum. It's just that depressing looking block that's just chock full of disorder and these other four Plex buildings and dumpsters all over the place. But yeah, that's how it all began for me. I visited that building again, and I haven't owned it in a while. I 1031 exchange out of it and into an eight Plex in 2013 if it weren't for that building, you would not be listening to me right now, and you would not have heard of me, because this show wouldn't exist big thanks to the three and a half percent down FHA loan for someone that came from humble means, like me.    Keith Weinhold  17:03   Last month, I did a running race that goes up a ski jump that was pretty cool. It gets so steep that you have to grab onto a cargo net to pull yourself up. It's almost like a rope ladder. I did not win. I got fifth out of 21 competitors in that race. Hey, I like to get out and physically challenge myself. After talking real estate all day, my body weight is up a little. It's currently sitting at 178 pounds. That's 81 kilograms for our European listeners, and it hit its recent bottom of 172 back on the Fourth of July. That's by design. I need to be really leaned out for a big Independence Day race every summer. You know, I'm one of those guys where I still cannot compete with bodybuilders because I'm too lean, and yet I don't win running races because I'm too bulky, so I'm more of an all around guy. I do about seven different sports, and that's exactly how I win nothing and always get like, fifth place or worse. This major mammal has got to keep himself moving, In any case.   Keith Weinhold  18:17   next week here on the show, we'll talk to a Harvard grad. She's super interesting. She used to work at Apple, and then she founded an AI centric property management company so that you can use her platform to self manage and leverage AI. But are we at the point where your tenant would really talk to a chatbot? Would that fly? And if society is there, well then do property management fees and everything start trending towards zero. I'm going to ask her about that. That's next week. As for today, you know, the world series ended about a week ago, and what I did is that I watched 10 commercials during the World Series, and then I jotted down the name of each sponsor, and here's who the World Series advertisers were just in this one segment where I paid attention to them. They're all big brands that you've heard of atnt Liberty, mutual nature made brand items like vitamins and supplements, Starbucks, Coors, light, Qdoba, Capital One, Home Depot, crest, white strips and Jim Beam, all right, those were the 10. What do those 10 have in common? More or less, any ideas there those 10 products and companies are all for consumer products. That's the common link. And that might seem so obvious that you wouldn't even think of it. Well, this is because most ads are for consumer products. Those ads fuel consumerism. And there's nothing wrong with that at all. That. Represents an economy. In fact, I use some of those very companies in my personal life.    Keith Weinhold  20:04   But here's the difference here at GRE our sponsors help you produce, not consume. Think about that as you listen to me in this spot for freedom, family investments and then Ridge lending group, then I'm coming back for more with a terrific guest.    Keith Weinhold  20:23   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  21:34   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 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   John Lee Dumas  22:08   this is Entrepreneur on fires, John Lee, Dumas, don't follow Money. Make money. Follow you with get rich. Education.   Keith Weinhold  22:22   So we have a familiar voice back on the show. It's an in house discussion here with our own GRE investment coach. And like I've told you before, he's got both the formal education with his MBA and the self education, because he's an active real estate investor for four years now, he has helped you completely free, usually over the phone, sometimes on Zoom. He learns your own personal goals and then helps you find the market that's right for you in fitting those goals. And I've had listeners like you tell me that, you know, I can't believe that getting his actionable insight is free, and now he can help you best, though, if you're ready to own more income property, he even helps connect you with the exact property address, like say, 321, raspberry Street in Huntsville, Alabama. So it's great to welcome back to the show and provide the listener with a respite from my mouth breathing rhetoric and discourse, it is GRE investment coach. Naresh Vissa,   Naresh Vissa  23:24   thanks a lot, Keith. I can't believe it's been four years. It's been four amazing years, and congratulations to you and to GRE for being around so long and together, we have grown our listenership, and we appreciate all of you listeners, listening out there, for sure,   Keith Weinhold  23:42   real estate activity has slowed down overall, but things are still really vibrant. Here at GRE we see more activity than we saw last year, and when we talk about increasing activity, Naresh, the Fed, looks to do that when they reduce interest rates, that incentivizes businesses to borrow, that incentivizes consumers to spend, because, for example, they're not getting as high of a yield and their savings account. So now we're here in this fed cutting cycle. Tell us what that means from your perspective.   Naresh Vissa  24:15   We talked about this a few months ago when I was on the podcast at the Federal Reserve. I predicted that the Federal Reserve would begin a rate cutting cycle, and that this cycle would be extensive. It would not be an overnight, 100 basis point cut, or anything like that we saw in March. So that rate cutting cycle has begun, and they continue to cut. And we did an entire episode on President Trump and the name calling with Federal Reserve Chair Jerome Powell, whose term ends in the middle of next year. It's May of next year, when he's leaving. And with all that pressure, I predicted that the Fed would begin its rate cutting cycle. We are in the. Cutting cycle right now. They did a few cuts last year and stopped, which I thought were mistakes. But with that being said, we are in the thick of this cutting cycle. We are going to see more cuts moving forward. And what that means you're already seeing it. As a real estate investor, you are seeing, I don't want to say low interest rates, but lower interest rates compared to where we were a year ago, compared to where we were certainly 234, years Well, maybe not four years ago, but three years ago, we are seeing far lower interest rates, and we will continue to see interest rates, in the sense of mortgage rates, plummet as a result of this. So enjoy the low rates while they last, because they're not going to last forever. Nothing lasts forever, but the Federal Reserve, you throw in the government shutdown, I think it makes sense that the Federal Reserve continues to cut, because there's no telling where inflation is going to go. The experts thought that inflation would go up, up, up, up and be a significant problem. They've been saying that since the election winner last year or the election night last year, we haven't necessarily seen that. We have seen inflation somewhat go up, but we haven't seen that runaway inflation that many of the experts predicted as a result of the tariffs, as a result of the rate cutting, I think it definitely helps that number one, Doge, cut several government programs and cut a lot of government spending, not as much as they thought they would, but they cut enough to where they're limiting the amount of federal government spending. We've also seen mass layoffs, mass layoffs in the public sector, which has seeped into the private sector as well, because many of these private companies, like an Accenture, for example, many of these tech companies that were getting subsidies from the government, that funding has stopped, and that has led to layoffs. Now, what layoffs do is layoffs create, I don't want to say deflation, but layoffs are disinflationary, right? And we've seen significant layoffs, like I said, since February of earlier this year, when Doge was in the thick this government shutdown has led to mass layoffs as well. So we've seen 10s of 1000s of people well, we've seen hundreds of 1000s of people furloughed, if not at least a million people furloughed now, they will end up getting their pay, but we've seen 10s of 1000s of people laid off as a result of this government shutdown. And what that means is, again, this is very disinflationary. That's less money that the government is spending moving forward, not just right now, but moving forward. So there's a savings there that's also more people who are probably going to hold on to their cash as tightly as possible as they find new work. So this is, once again, disinflationary. And what does all this mean? All of this, to me, seems disinflationary. It goes against the narrative that when you cut interest rates, inflation goes up. It goes against a narrative that when you implement tariffs, inflation goes up, and that's why we haven't seen the runaway inflation that many so called experts were predicting. I think moving forward, the Fed continues to cut because of the weakness, at least when it comes to the job situation, because of the weakness with jobs, and because of unemployment, it's gone up somewhat. I think the Fed ends up continuing their rate cutting cycle through the end of Powell's term, and it could be just a series of 25 basis points every time they meet. Maybe if things get if there's something that they don't like, they up it to 50 basis points at one of the meetings. But the bottom line is, I think they're just going to keep cutting until Powell is gone, and then Trump will put in his guy into the Fed chair. And by that point, we may have cut enough to where there's not much left to cut yet, and that's when we're going to see there's a chance that could happen, or there's a chance the next guy will pick up where Powell left off and and do series of cuts as well. But what that means is that mortgage rates, we can expect, that's one of the most common questions I get from GRE followers, yeah, it's where do you see mortgage rates going? Because these people, they're not a lot of our followers, they're not following the intricacies of the market. Most of our followers have full time jobs as doctors or dentists or engineers or IT workers, and they're not following the ins and outs. And so the most common question that I get is, where are interest rates going? And I've been pretty spot on for the past few years, minus a few mistakes that I thought the Fed made. But I'm very confident when I say, just like I said when I came on earlier this year, that interest rates are on their way down there, and they are not on their way up.   Keith Weinhold  29:51   Just wait until this administration gets their guy in as the Fed chair. It almost feels like we're going to see a Javier Malay Argentina. President, you know, coming in with the chainsaw, they want to cut rates so aggressively, this administration, and Jerome Powell has sort of been a buffer against that, and Naresh has been using the term disinflation. I don't want you, the listener, to confuse that with deflation. Deflation means an increase in the purchasing power of your dollar, something that we rarely see. Disinflation means a slowing in price increases, meaning the rate of inflation goes down. And yes, I think it's been pretty obvious, and I've stated on the show before as well, that the Fed cares more about the employment situation than they do the inflation situation, probably, and you as an investor, you need to be careful what you wish for, because low rates sound really good, and they can be, but high employment typically correlates with high interest rates of all types, and lower employment typically correlates with low rates of all types. Rates get lowered because they know that the economy needs the help so you can't get both. You can't get both high employment and low rates. That condition doesn't persist for very long. And the Naresh during this part of the cycle, it's really been unusual and interesting at how new build properties have such advantages for investors today, including the aberration that the median new build property costs $33,500 less than the median existing property. That data is per the NAR when we think about new build property. Well, wait, first of all, that sounds amazing, and some people are incredulous about that, but there are reasons that the average new build property costs less. A lot of times the size is smaller. A lot of builders are building further from city centers. So I think before an investor gets in and buys a new build property, one really important question for them to ask is, oh, okay, well, how far is that property from an employment center. But otherwise, it's really the right time in the cycle for new build. New build can make your investment more passive. You know, you've got new fixtures, of course, and a warranty, and you're going to have lower insurance costs as well, typically, on a new build property. And Naresh, as you're talking with our followers and investors about new build property. I'm just kind of wondering, do you get more people that want to self manage the property because it's new build, because they figured that their maintenance and repair requests are going to be fewer? Or what do you see in there?   Naresh Vissa  32:35   No, not at all. Because the strength of GRE is that we connect investors, we coach investors so that they can own real estate around the country. They're not owning real estate in their neighborhood or in the area that they live in. We only focus on markets that make sense, generally linear markets, state friendly landlord friendly states, those other markets we are focusing on. So even with new builds we are seeing, I would say 100% of investors saying, hey, I want professional property manager, managing the property that's extremely, extremely common, that is the norm. I will also say, with new builds you brought up earlier, when you introduced me, I own several properties. The last two properties I bought were new construction. Were new builds. Yeah. And I personally comparing the first six properties of rehabs to my last two, which were new builds, I've had far fewer issues with the new builds, not just far fewer issues. I would say overall, the profitability has been greater with the new builds, despite the pro forma initially showing that I would barely Break Even now, I did buy several several years ago before all this appreciation and inflation hit. But it certainly helped a lot to have new builds where the maintenance is far lower and where the quality of the tenant is extremely high. So I generally recommend our investors, if you have the capital available, and generally, just to keep things simple, I say if you have $100,000 in liquid cash ready to go, there's no reason why you shouldn't be buying a new build. Would I waste my time with the rehabs, with the burrs. I mean, those could be profitable too. You should never say no to anything but the new builds. I've slept better at night because of those reasons, because I know at least for the first 10 years that there aren't going to be any major problems and the quality of the tenant is going to be far higher. So I'm a huge fan of new builds, not pre construction. Pre construction means you're buying a plot of land, and then you hope that the builder is going to build a home on top of it. And most of the time, the builder does, but many times, as we saw during the pandemic, there were key. Countless stories around the country of developers selling pre construction and then nothing ever got built. They ended up flipping the land and generating a profit off of it. I don't recommend those at all, but new construction is the way to go. And I'll also add one more tidbit about the previous topic that we talked about, regarding interest rates also remember that lower interest rates mean that the government and their debt they're going to be paying, they can refinance their debt and pay lower interest on their debt when interest rates go down. So that's also going to help reduce the the deficit, and it's going to help reduce the debt as well. So that will help bring inflation down.   Keith Weinhold  35:42   We're talking about buying a property that's already built with new construction, and in a lot of cases, like we'll talk about shortly, it's already tenanted for you as well. So it really reduces the guesswork and the waiting. And of course, new build properties tend to appreciate better than existing properties. So, yeah, tell us more about new build properties, because they tend to be in Florida and Texas that really has an outsized number of them right now. And that's where the builders are really giving incentives when we talk about appreciation, and where we think about appreciation going in the future. You know, appreciation has been really tepid, really boring. Prices have even contracted a little in some Florida and Texas sub markets, but with the long term trend, visual capitalists just shared a terrific map from today to 2050 for example, the Texas population is expected to grow 27% one of the fastest growth states that there is going to be. And a lot of people say, Oh, isn't it going to pass California in population soon? No, not anytime soon. It'll be decades. California is expected to grow 8% over the next 25 years, but Texas is a place where the numbers still can make sense on new build, because you have some overbuilding. So some builders are really incentivized to give you a good deal.   Naresh Vissa  37:06   Well, there are several markets in general. Let's just talk about it. You use an important term, which is appreciation. With new builds, the likelihood of appreciation is greater. This is statistically backed up. You can go check your sources, but the likelihood of appreciation is far greater with new builds compared to older rehabs, a property that's 50 years old, six years old. In fact, those properties probably appreciated early on in their life cycle, and that's just generally how it works. So with new builds, I say look, cash flow is still important. Cash flow is one of the tenets of real estate paying five ways. It's one of the core tenets of get rich education. But you also have that appreciation play with new builds. Again, it's about markets, because if you're buying a new build in, let's say a California or a New York or a New Hampshire, some really anywhere in the northeast, then it is somewhat of a speculative play, depending on the price point, depending on a lot of different other factors. But when you're talking about the markets that we operate in at GRE you brought up two of them, Florida and Texas. There are other markets, like in Tennessee and Oklahoma, where we have new constructions, and they are also positive, cash flowing, high appreciation place. So you just never know what's going to happen. I bought a new construction, for example, just outside of Memphis six years ago. It was just outside of Memphis in Mississippi six years ago, and I bought it for purely cash flow purposes. The pro forma looked good. Property was brand new. It was near several areas where there were many jobs. So I said, Hey, this is a good cash flow play. And I even remember asking my sales agent, hey, what do you think about appreciation? I usually never buy for appreciation, but this is a new construction. What do you think? And he said, You know what? I don't know if this is really going to appreciate that much. I'm not really sure about that. So I said, that's fine. I like the cash flow. Well, fast forward, six years later, as I said, we you just never know what's going to happen. We saw this inflation. We also saw an influx of people migrating into Tennessee, migrating into Mississippi, especially that Mississippi Tennessee border migrating into the Memphis area. Now we have the Trump administration, sent in the National Guard  about about a month ago, sent in the National Guard into the Memphis area, and they haven't left. They're still there, and crime has is at least based on the numbers that crime has really the National Guard has made a big difference on crime, and that's usually the number one deterrent for a market like Memphis. The point that I'm making here is that you just never know what's going to happen with these new construction builds. If you can get positive cash flow, I always tell our listeners. Shouldn't buy a new construction that's negatively cash flowing. You still want to protect yourself. You don't want to be paying money out of your bank account to own a property. Money should be coming in. So you still want to be positive cash flow. And the appreciation is a huge, huge plus, even in areas that you would not think or that you would not expect to appreciate all that much.   Keith Weinhold  40:22   Appreciation just is not as much of a story over on some other platforms, perhaps, or the way that people think about it, because if you pay all cash, appreciation isn't that good for you, but you're leveraged at four to one or five to one with a 20 to 25% down payment, which can really give you those outsized rates of return, which aligns with what we talk about here at GRE Well, we have a live upcoming virtual event. It is this coming Thursday, and before I ask you if you have anything else to tell the audience here as we wrap up, Naresh, it is hosted by you. So it is co hosted by our own in house investment coach Naresh, and our guest that you heard last week here on the show radio veteran Adam. The Event Thursday is called how to scale your portfolio with tenanted cash flowing new construction properties where you can get up to $41,000 cash back after closing, we talk about these builder incentives. So today's real estate market is really giving buyers opportunities for new builds that I haven't seen, maybe ever. Builders are incentivized to move their properties, and we've made headway with builders to get you up to a 10% cash back incentive at closing when you purchase, you can either take the cash at closing or boost your cash flow by buying down your rate, perhaps get some rent credits, so learn how you can take advantage and really prime yourselves for moves today that are going to lead to your success in coming years. And we have tenanted again, tenanted already occupied new build properties in hot markets like Houston, San Antonio, Dallas, Texas, ready for you to purchase with up to that 10% builder incentive so that you can cash flow from day one. And these properties are really in high quality communities, primarily owner occupied, high appreciation, upside, solid rent growth. So learn the strategy, learn the markets and even see available new build income property. The benefit of you attending is that you can have your questions answered in real time by Naresh or Adam. You can sign up for that now at grewebinars.com It is Thursday, November 13, at 8pm Eastern. Any last thoughts as we lead into Thursday, Naresh?   Naresh Vissa  42:45   Gre, webinars.com gre, webinars.com go to that website to register for our free online special event. It will be live. I'm going to be there with Adam. You heard on last week's podcast, we've got some great deals and great incentives, like what you said, Keith, and they're all new constructions. They're all new constructions, mostly in Texas. And these are major markets in Texas too. We're not talking, yeah, many of our followers and listeners, they see a new construction, and they're like, I've never heard of this place in Alabama, or I've never heard of this place in Oklahoma. These are in legitimate suburbs, areas outside of Dallas, Houston, San Antonio, some of them are even in Dallas, Houston, San Antonio proper. So these are markets that everybody is familiar with. It's not some podunk town that you may have seen on our GREmarketplace or GRE spreadsheet in an Arkansas or in Alabama. These are mostly in Texas. The incentives are great, and these are national builders as well. These are not small, no name, Mom and Pop builders. These are national builders who we are working with to offer these special incentives. These are names like you've heard. Many people have heard. Some of them are publicly traded companies like an LGI, that's a very large national builder. That's who we've partnered with to get these deals so grewebinars.com is the link to register for our online special event. GREwebinars.com. I hope to see all of you this Thursday,   Keith Weinhold  44:31   major builders, major markets and major incentives on new build property. You're going to hear more from Naresh on Thursday, it's been great having you back on the show.   Naresh Vissa  44:43   Thanks a lot. Keith   Keith Weinhold  44:50   oh yeah. Naresh does a better job of hosting GRE webinars than I do. In my opinion, you'll remember that I hosted them myself until 2020 23 but you know, maybe I'll come on to a future event for just the first five minutes on one of the upcoming ones, and give an intro before I let the real pros take over. This event is called really just what it is, how to scale your portfolio with tenanted cash flowing new construction properties. It's co hosted by Naresh and Adam, who you met last week. I have never seen this before, where the builder is giving you a fat 10% discount after closing, 10% you can use those 10s of 1000s of dollars to buy your rate down into the fours or other things like use it toward a down payment on another property, pair it with DSCR loans and pay no mortgage insurance on either property. You could buy one property or two properties or 18 properties through the event and DSCR loans. You might remember that means no time consuming income verification, no concerns about your debt to income ratio or W twos or tax returns. We'll show you how to do it all. Like Naresh was saying, we eat our own cooking. We ourselves. Here at GRE are investors too, and we are buying new build for our own personal portfolios. The time is right for this. It wasn't a few years ago, and a few years from now, it probably won't be either. Hundreds are already signed up for it. It is this Thursday, at 8pm Eastern. It's GRE, last event of the year. This is it one last time attend by signing up at grewebinars.com that's grewebinars.com Until next week, I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 4  46:59   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. You   Keith Weinhold  47:27   The preceding program was brought to you by your home for wealth building, get richeducation.com  

I dive into the Human Rights Foundation's look at Bitcoin's quantum vulnerability - what's real, what's hype, and what would it take to truly secure the network. Then I unpack the social and technical chaos such a shift would demand, from wallet redesigns to the moral question of whether “fixing” the past would break Bitcoin's principles. Links Mentioned Against Allowing Quantum Recovery of Bitcoin by Jameson Lopp (Link: https://blog.lopp.net/against-quantum-recovery-of-bitcoin/) Presidio Bitcoin Quantum Summit - summary and speaker discussions (Link: https://www.presidiobitcoin.org/) Replication of Quantum Factorisation Records with an8-bit Home Computer, an Abacus, and a Dog - paper by Peter Gutmann & Stephan Neuhaus (Link: https://eprint.iacr.org/2025/1237.pdf)Angewandte Wissenschaften Guy's Roundtable_011 - Treasuries, Politics, Quantum & Why This Cycle is Different (Discusses Steve's take on quantum hype) (Link: https://fountain.fm/episode/4xAEXBtZcdFfg064FIRI) Check out the original article The Quantum Threat to Bitcoin by HRF (Link: https://hrf.org/latest/the-quantum-threat-to-bitcoin/)  Check out our awesome sponsors! Ledn: Need fiat but don't want to sell your Bitcoin? Ledn offers secure, Bitcoin-backed loans with no credit checks, flexible repayment, and fast turnaround—often within 24 hours. With $10B+ in loans across 100+ countries and transparent Proof of Reserves, Ledn is a trusted option for unlocking liquidity without giving up your Bitcoin. (Link: https://learn.ledn.io/audible) HRF: The Human Rights Foundation is a nonpartisan, nonprofit organization that promotes and protects human rights globally, with a focus on closed societies. Subscribe to HRF's Financial Freedom Newsletter today. (Link: https://mailchi.mp/hrf.org/financial-freedom-newsletter) OFF: The Oslo Freedom Forum is a global human rights event by the Human Rights Foundation (HRF), uniting voices from activism, journalism, tech, and beyond. Through powerful stories and collaboration, OFF advances freedom and human potential worldwide. Join us next June. (Link: https://oslofreedomforum.com/) Pubky: Pubky is building the next web, a decentralized system designed to put control back in your hands. Escape censorship, algorithmic manipulation, and walled gardens by owning your identity and data. Explore the Pubky web and become the algorithm today. Don't forget to find me on my Pubky ID here: pk:5d7thwzkxx5mz6gk1f19wfyykr6nrwzaxri3io7ahejg1z74qngo. (Link: https://pubky.org) Chroma: Chroma is dedicated to advancing human performance and well-being through cutting-edge light therapy devices and performance eyewear. Their mission is to enhance physical and mental health, unlocking peak human health, cognitive function, and physical performance. Get 10% off your order with the code BITCOINAUDIBLE. (Link: https://getchroma.co/?ref=BitcoinAudible) Host Links ⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ne...

Here are the main types of events that typically cause the 10-year yield to drop:Economic slowdown or recession signsWeak GDP, rising unemployment, or falling consumer spending make investors expect lower future interest rates.Example: A bad jobs report or slowing manufacturing data often pushes yields lower.Federal Reserve rate cuts (or expectations of cuts)If the Fed signals or actually cuts rates, long-term yields like the 10-year typically decline.Markets anticipate lower inflation and slower growth ahead.Financial market stress or geopolitical tensionDuring crises (wars, banking issues, political instability), investors seek safety in Treasuries — pushing prices up and yields down.Lower inflation or deflation dataWhen inflation slows more than expected, the “real” return on Treasuries looks more attractive, bringing yields down.Dovish Fed comments or data suggesting easing aheadEven before actual rate cuts, if the Fed hints it might ease policy, yields often fall in anticipation.tune in and learn https://www.ddamortgage.com/blogdidier malagies nmls#212566dda mortgage nmls#324329 Support the show

This week, we dive into the fascinating intersection of crypto, AI, and traditional public markets with Sal Ternullo, Co-Founder and CEO of SovereignAI ($OP / $SVRN). SovereignAI is setting out to acquire a substantial treasury of NEAR Protocol tokens and is bringing institutional finance rigor to the space. Sal breaks down their unique strategy, which includes: Public Listing: Bridging the gap between the NEAR token and NASDAQ investors. Active Options Management: Utilizing advanced options strategies—specifically selling puts to optimize accumulation and potentially selling calls—to generate yield and manage risk on their core NEAR holding. Counterparty Risk: How they are actively managing risk across multiple Tier 1 venues in a way that differs from standard, single-threaded asset managers. Also Covered: We recap the market action, including the significant drop in Bitcoin and Ether prices, which has driven volatility higher and skew sharply to the downside. Plus, a look at the explosive volume in IBIT options and the latest wild moves in crypto mining stocks like Mara and ETHZilla.

This week, we dive into the fascinating intersection of crypto, AI, and traditional public markets with Sal Ternullo, Co-Founder and CEO of SovereignAI ($OP / $SVRN). Sovereign AI is setting out to acquire a substantial treasury of NEAR Protocol tokens and is bringing institutional finance rigor to the space. Sal breaks down their unique strategy, which includes: Public Listing: Bridging the gap between the NEAR token and NASDAQ investors. Active Options Management: Utilizing advanced options strategies—specifically selling puts to optimize accumulation and potentially selling calls—to generate yield and manage risk on their core NEAR holding. Counterparty Risk: How they are actively managing risk across multiple Tier 1 venues in a way that differs from standard, single-threaded asset managers. Also Covered: We recap the market action, including the significant drop in Bitcoin and Ether prices, which has driven volatility higher and skew sharply to the downside. Plus, a look at the explosive volume in IBIT options and the latest wild moves in crypto mining stocks like Mara and ETHZilla.

This week, Jason and Matt sit down with Mark Goodwin, the former Editor-in-Chief of *Bitcoin Magazine* and one of the sharpest minds in the crypto space. Mark is the author of "The Bitcoin-Dollar" thesis and a leading voice on the intersection of state power, financial control, and the future of money. We dive deep into one of the most dangerous psyops in modern finance: the stablecoin trap. Mark explains why "compliant," centralized stablecoins like USDC are not the free-market alternative to a CBDC, but are, in fact, *more dangerous*. They are the Trojan horse for the exact same surveillance grid—a CBDC in sheep's clothing, built by corporate partners and designed to be fully permissioned, frozen, and censored at the state's command. Mark breaks down the macro-picture, revealing how stablecoins backed by U.S. Treasuries are the empire's new, high-tech scheme to kick the can down the road. As the national debt hits escape velocity, the state is now "tokenizing its debt," creating a new digital wrapper to prop up the dollar ponzi. We explore the perfect bipartisan consensus that's building this digital prison: the MAGA right rails against CBDCs while embracing "federally approved" stablecoins, while the left demands the very regulations that make them instruments of surveillance. Both roads lead to the technocratic end-goal voiced by BlackRock's Larry Fink: the tokenization of *all* assets. We also explore the dark theory of whether Bitcoin itself was an intelligence agency "limited hangout" designed to herd us into a traceable system. Finally, we end on a powerful white pill. If centralized stablecoins are the trap, the only way out is through *permissionless* technology. We discuss the critical need for true privacy tools—like Monero, Zcash, and Zano's fUSD—that are *technologically incapable* of being co-opted, and how the market is finally waking up to the demand for real financial freedom. (Length: 1:18:47) Click Here to Support TFTP. Mark on Twitter: https://x.com/markgoodw_in  Mark's writing on Unlimited Hangout: https://unlimitedhangout.com/author/mark-goodwin/ The Bitcoin Dollar: https://store.bitcoinmagazine.com/collections/books/products/the-bitcoin-dollar-book

My interview with Jehan Chu, Founder of Kenetic Capital.  - Over 250 digital asset treasuries now manage tens of billions across Bitcoin, ETH, Solana and more - These vehicles are creating a flywheel of price support and market momentum - Japan's MetaPlanet and Brazil's Orange are key regional leaders - DARTs offer regulatory, tax, and capital market advantages across jurisdictions  - Crypto exposure is no longer just direct ownership—it's financial engineering Powered by Phoenix Group The full interview is also available on my YouTube channel: YouTube: http://bit.ly/4hEJjqh    

A burned map with the target house circled. A blackened hunting knife in a roadside ash ring. And a timeline that narrows to minutes before a panicked evidence dump. We take you from Bonnie Von Stein's bandaged hospital bed to a midnight search on a rural road, where a farmer's tip turns a hazy home invasion into a meticulously planned attack.We walk through the Sunday night dinner that anchors the timeline, the medical details that undermine a simple narrative, and the tension around who could have known about a recent inheritance, a planned shift to Treasuries, and a life insurance stack that now looms large. Bonnie opens up about money, keys, and house routines; the detectives track painters, housekeepers, lawn crews, and a pet sitter with a key. Then the evidence shifts the ground: charred jeans, a Reebok sole, and two sheets of paper, one a hand-drawn map of Smallwood with Lawson Road labeled and the Von Stein address marked. The attack looks planned by someone unfamiliar with the neighborhood and hurried enough to leave the knife and map where a passing farmer might notice a fire.As storms roll over a packed chapel, the investigation grinds on. A missing blunt weapon suggests a second dump site; a daylight grid search comes up empty. Relatives worry that Chris and Angela seem oddly calm; a peer describes Chris as fragile, unlucky, and rumored to use drugs. Nothing proves involvement, but the fire's timing, the map's intent, and the drive toward Raleigh tighten the circle. Through it all, Bonnie cooperates fully, even providing a blood sample, while her doctor expects a quick discharge and treats her as a victim without hesitation.This chapter is about planning, proximity, and the secrets that make or break a case. Follow the evidence from ICU to asphalt and decide what matters most: the money trail, the map, or the missing club. If this deep dive gripped you, follow the show, share it with a friend, and leave a review telling us which clue you think the detectives should chase next.Send us a text Support the show

Wall Street’s main indexes rose overnight, with the S&P 500 and Nasdaq both higher as Kenvue surged on buyout news. Amazon’s $38 billion deal with OpenAI lifted its shares and boosted Nvidia's as well. U.S. Treasuries were mixed amid uncertainty surrounding the government shutdown, while in Europe, equities edged higher as investors assessed a fresh batch of earnings. In commodities, oil prices held steady despite OPEC+ signalling a pause on output hikes. Gold was little changed ahead of key U.S. private payroll data, and iron ore slipped on weaker steel production in China. Back home, Aussie shares are expected to ease ahead of the RBA’s interest rate decision. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

“Objects in motion tend to stay in motion,” quotes Jay Pelosky, expecting the U.S. and China to keep “running hot” next year. He thinks international will outperform U.S. as a secular shift takes place, and thinks energy is one of the “most attractive regions” in markets. He anticipates a continued bull market in commodities next year, and thinks it will expand to new products. Jay notes that he is not in U.S. Treasuries at all and thinks the dollar could be in trouble.======== 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

Send us a textDo Deficits Make You Rich?The uncomfortable truth: fiscal stimulus creates wealth, not consumer inflation.Sat pondering in a Caribbean bar, thinking about intelligence, the Fed, deficits, and why inflation lives in Wall Street not in your supermarket basket. When the government runs a deficit, it injects reserves into the system, an automatic overdraft with the banking system. Later it issues Treasuries that drain those reserves. Economists call it a swap. Net financial wealth in the private sector rises because no one in the private sector owes that shortfall. The government owes it. Not another private entity.So does government spending make you rich? Deficits don't spill into the supermarket, they seep into the trading book. Treasuries move through repo markets, pledged and rehypothecated, transformed into money-like instruments that lubricate leverage. CPI stays calm while portfolios swell. Fiscal deficits expand collateral, leverage builds, and asset prices rise. The inflation we should fear isn't at the checkout counter. It's in the mirror of prudence we call Wall Street.Support the show⬇️ Subscribe on Patreon or Substack for full episodes ⬇️https://www.patreon.com/HughHendryhttps://hughhendry.substack.comhttps://www.instagram.com/hughhendryofficialhttps://blancbleustbarts.comhttps://www.instagram.com/blancbleuofficial⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts!

On today's podcast: 1) President Trump and Chinese President Xi Jinping agreed to extend a tariff truce, roll back export controls and reduce other trade barriers in a landmark summit on Thursday, potentially stabilizing relations between the world’s biggest economies after months of turmoil. In the first sitdown between leaders since Trump’s return to the White House, the pair agreed China would pause sweeping controls on rare-earth magnets in exchange for what Beijing said was a US agreement to roll back an expansion of restrictions on Chinese companies. The US will also halve fentanyl-related tariffs on Chinese goods, while Beijing resumes purchases of soybeans and other agricultural products. The US is also extending a pause on some of its so-called reciprocal tariffs on China “for an additional year,” the Commerce Ministry in Beijing said in a statement, adding that China “will properly resolve issues related to TikTok with the US side.” Trump said he would visit China next April, with Xi planning to head to the US afterward. Despite speculation that Trump might make additional concessions — including the US opening access to Nvidia Corp.’s most advanced Blackwell line or changing its policy toward Taiwan — the president indicated that those issues hadn’t been part of the discussions. Trump and Xi did discuss access to some of the chipmaker’s other products, however, with the US president saying he planned to speak with Nvidia CEO Jensen Huang. 2) The largest technology companies are betting on an AI future powered by gigantic complexes of data centers filled with humming servers. Now that the staggering cost of this push is coming into sharper focus, it’s testing nerves on Wall Street. Three bellwethers from different corners of the technology world – Alphabet Inc., Meta Platforms Inc. and Microsoft Corp. — together racked up some $78 billion in capital expenditures last quarter. That’s up 89% from a year earlier. Most of that cash was destined for data center construction and graphics processing units and other gear to fill them. Each increased their forecasts for future outlays. That was enough to rattle investors conditioned to expect enormous spending. 3) Treasuries fell the most in nearly five months after Federal Reserve Chair Jerome Powell cast doubt on a December interest-rate cut, even as a sagging labor market prompted policymakers to bring down borrowing costs Wednesday. While the central bank delivered a widely expected reduction in the benchmark lending rate to 3.75%-4%, Powell’s hawkish outlook ruffled the $30 trillion US bond market. At his afternoon press conference, Powell said a further reduction in rates at the December meeting “is not a foregone conclusion,” sending yields across tenors up by the most since June. See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance. Treasuries extended losses after Federal Reserve Chair Jerome Powell said a December interest-rate cut was not set in stone, even after delivering a widely expected quarter-point reduction to prop up the labor market. The central bank reduced its benchmark lending rate to 3.75%-4% in its second straight cut — though two officials dissented. “A further reduction in the policy rate at the December meeting is not a foregone conclusion, far from it,” Powell said in the opening comments of his press conference. In their post-meeting statement, Fed policymakers on Wednesday repeated their assessment that “job gains have slowed” and said “risks to employment rose in recent months.”See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance. Treasuries extended losses after Federal Reserve Chair Jerome Powell said a December interest-rate cut was not set in stone, even after delivering a widely expected quarter-point reduction to prop up the labor market. The central bank reduced its benchmark lending rate to 3.75%-4% in its second straight cut — though two officials dissented. “A further reduction in the policy rate at the December meeting is not a foregone conclusion, far from it,” Powell said in the opening comments of his press conference. In their post-meeting statement, Fed policymakers on Wednesday repeated their assessment that “job gains have slowed” and said “risks to employment rose in recent months.”See omnystudio.com/listener for privacy information.

US stocks gave up early gains after Jerome Powell signalled the central bank may not cut rates again this year. U.S. Treasuries slumped after Powell clarified that a December cut isn’t guaranteed. Nvidia became the first company to reach a $5 trillion market value, while Caterpillar hit a record high as strength in its energy business lifted shares. In commodities, copper reached a record high due to supply shortages, and oil prices rose following a sharp decline in US stockpiles. Elsewhere, the Bank of Canada cut interest rates, and back home, Aussie shares are set to open lower on Thursday as rate cut hopes are dashed. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

On the Flyover Conservatives Show, we sat down with Miles Franklin's Andy Schectman to reveal how the U.S. could intentionally devalue the dollar to bring back manufacturing and end its dependence on foreign debt. He breaks down Trump's reported plan to peg Treasuries to gold, create digital “stablecoin” demand through the Genius Act, and use soaring gold and Bitcoin prices to reset America's balance sheet. Andy explains how this massive financial shift could quietly rewrite the global monetary order—long before the public even notices.On the Flyover Conservatives Show, we sat down with Miles Franklin's Andy Schectman to reveal how the U.S. could intentionally devalue the dollar to bring back manufacturing and end its dependence on foreign debt. He breaks down Trump's reported plan to peg Treasuries to gold, create digital “stablecoin” demand through the Genius Act, and use soaring gold and Bitcoin prices to reset America's balance sheet. Andy explains how this massive financial shift could quietly rewrite the global monetary order—long before the public even notices.TO WATCH ALL FLYOVER CONTENT: www.theflyoverapp.comTO WATCH ALL FLYOVER CONTENT: www.theflyoverapp.comFollow and Subscribe on YouTube: https://www.youtube.com/@TheFlyoverConservativesShow Follow and Subscribe on YouTube: https://www.youtube.com/@TheFlyoverConservativesShow Andy SchectmanAndy SchectmanX: https://x.com/MilesFranklinCo X: https://x.com/MilesFranklinCo WEBSITE: www.milesfranklin.comWEBSITE: www.milesfranklin.comTo Schedule A Time To Talk To Dr. Dr. Kirk Elliott Go To To Schedule A Time To Talk To Dr. Dr. Kirk Elliott Go To ▶ https://flyovergold.com▶ https://flyovergold.comOr Call 720-605-3900 Or Call 720-605-3900 Andy Schectman is the President and CEO of Miles Franklin Precious Metals, a family-owned company specializing in physical gold and silver since 1989. With over three decades in the precious metals industry, Andy has become one of America's most trusted voices on sound money, wealth preservation, and economic resets. He's known for breaking down complex financial systems—like COMEX manipulation, BRICS de-dollarization, and gold revaluation—into plain, actionable insights. A frequent guest on leading alternative media platforms, Andy has earned a reputation for accuracy and integrity long before mainstream analysts caught up. His passion is helping everyday Americans protect themselves from the coming monetary transformation.Andy Schectman is the President and CEO of Miles Franklin Precious Metals, a family-owned company specializing in physical gold and silver since 1989. With over three decades in the precious metals industry, Andy has become one of America's most trusted voices on sound money, wealth preservation, and economic resets. He's knowSend us a message... we can't reply, but we read them all!Support the show► ReAwaken America- text the word FLYOVER to 918-851-0102 (Message and data rates may apply. Terms/privacy: 40509-info.com) ► Kirk Elliott PHD - http://FlyoverGold.com ► My Pillow - https://MyPillow.com/Flyover ► ALL LINKS: https://sociatap.com/FlyoverConservatives

Global stocks rose on renewed optimism that the United States and China are nearing a trade agreement. The upbeat sentiment also lifted commodity prices, with copper and oil posting gains. In contrast, Treasuries declined and gold slipped. Looking ahead, investors face a pivotal week featuring interest rate decisions from four G7 central banks and earnings reports from five of the ‘Mag-7' tech giants—Microsoft, Alphabet, Meta, Apple, and Amazon. Joining the show is Markus Wachter from our Technical Analysis team. He discusses the significance of Japan's Nikkei breaking above the 50,000-point level and shares his outlook on the Swiss franc, anticipating the end of a prolonged consolidation phase.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:25) - Markets wrap-up: Jan Bopp, Product & Investment Content (06:32) - Technical Analysis update: Markus Wachter, Technical Analysis (09:54) - Closing remarks: Bernadette Anderko, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

In This Episode:Why Treasuries are having their strongest October in years.The significance of the negative stock–bond correlation and what it signals for portfolios.Inflation and labor market trends supporting potential Fed rate cuts.How gold, palladium, and other metals fit into a late-cycle allocation.Our portfolio adjustments: longer-duration Treasuries, selective pro-cyclical tilts, and risk management strategies.Why loose financial conditions continue to support speculation — and how we're positioning for the next phase of the cycle.Resources & Links:Subscribe to our Dantes Outlook Substack for full market intelligence updates and model portfolio insights.Email our team: damanick@dantesoutlook.com for private client access and portfolio consultation.

Economist Dave Rosenberg, president of Rosenberg Research, says that his preferred indicators on economic growth are showing a slowing economy, where "the recession may already be starting." He acknowledges that the stock market "hasn't figured this out," but he says — based on the way Treasuries are trading — that the bond market has already figured it out. Rosenberg says that the market has "been in a bubble environment for many, many months," but that it can continue to inflate without popping for a while. "You're investing in an environment where the wind is in your face," he says, "it's not at your back." For a decade now, Chuck has offered the trick-or-treaters in his neighborhood a chance to pick cash or candy, and the opportunity to make a trade to try to get a bigger treat. It's his way of teaching basic financial decision-making, where children must consider if the financial prize is worth more to them because it's different and more useful than candy. The game changes in small ways each year, and Chuck is unveiling a new "second chance" option that actually would be a really bad choice for the children. Chuck also talks about how you can do your own scaled-down version of cash-or-candy in your home. Discount-capture investor Rob Shaker, portfolio manager at Shaker Financial Services, says that he's "not seeing anything in the closed-end fund space that would point to any type of bubble conditions," but instead sees generic, seasonal discount-widening caused by the start of year-end tax selling. Still, he says investors should make sure they are comfortable that they can weather those flurries "and readjust to the better things that are on sale and then double-collect on the way up."  Plus Jon Stubbs, analyst at Clever Real Estate talks about the housing market as measured by trends in national statistics, which have shown that homes are now on the market for longer than during the summer, with median home values up slightly but median sale prices up more, suggesting that investors are paying a premium to make a deal now.

In this episode we answer emails from Luc and Nick.  We discuss the four levels of investors, the fundamental problems with identity that terms like "saver" and "Boglehead" cause per Morgan Housel, fallacious reasoning often applied to investing and portfolio construction, equity core with growth–value balance and small-cap value tilt, VTI vs VUG trade-offs and tax considerations, tax efficient asset location for bonds, equities, gold, considerations about alternatives like managed futures, and using risk parity portfolios for intermediate term savings during your accumulation phase.Links:Luc's Boglehead Forum Link:  Golden Ratio Portfolio - Frank Vasquez - Bogleheads.orgMindy Jensen's Risk Parity Style Portfolio:  We Built a 5% SWR Retirement Portfolio Using Fidelity in 48 Minutes (Golden Ratio Portfolio)Breathless Unedited AI-Bot Summary:Want a portfolio that funds your life, not your identity? We dig into the fuss around the “Golden Ratio” name and get to what actually matters: principles that increase safe withdrawal rates and reduce stress when markets turn weird. Instead of defending a formula, we show how to use uncorrelated assets, thoughtful macro-allocation, and enough simplicity to keep you invested without blinding you to risk.We break down four investor levels—from money hygiene and shiny-object traps to the comfort of low-cost indexing—and then the jump to level four, where professional-grade ideas get translated for DIY investors. That's where uncorrelated assets like Treasuries, gold, and managed futures earn their keep, not because they're trendy, but because they lower correlation to stocks and smooth cash flows across regimes. We also call out common fallacies that derail portfolio debates: past performance cliches that prove nothing, irrelevant metrics used as cudgels, and cherry-picking that erases the 1970s and 2022 as if rare events never recur.Then we get practical with a young FI couple: how to build a durable equity core by pairing total market or large-cap growth with a small-cap value tilt, why VTI is usually fine while VUG may diversify better against value in tax-deferred accounts, and how to avoid tax pain when transitioning. We map smart asset location—ordinary-income generators in traditional, long-term growers in Roth, tax-efficient equities in taxable—and set realistic ranges: 40–70 percent stocks, 15–30 percent Treasuries, under 10 percent cash, and 10–25 percent alternatives. No dogma, just ranges that historically support higher withdrawal rates.We close with a versatile idea: an intermediate risk parity “slush” portfolio you can tap for big purchases without riding the all-stock rollercoaster. Add to laggards, sell winners, keep it simple, and stay focused on the only scoreboard that matters—sustainable spending. If you're ready to trade identity for outcomes and marketing for math, this one's for you.If this resonated, follow the show, leave a review, and share it with a friend who's rethinking their allocation. Your future self—and your future spending—will thank you.Support the show

Jamison and Lexy unpack a new survey suggesting cap rates may have peaked as Treasury yields stabilize—and explain, in plain English, what a cap rate is, why it moves inversely with values, and how rate cycles flow through underwriting. They connect the dots between the Fed's dual mandate, tariffs, and inflation risk; why a true rate-cut cycle would flip us from buyer's to seller's market; and how to think about timing with the classic “market clock” analogy. Then they dive into the numbers: apartment transactions up ~12% in Q2, pricing vs. 2015–2019, why renting is still far cheaper than buying, and why new supply is set to fall off a cliff—a setup for future rent growth. They close with Neighborhood Ventures' playbook: buy below replacement cost, prefer well-located distressed assets, and renovate (or not) where it pencils. What they cover: Cap rates 101 → cash flow ÷ value, and the inverse relationship to pricing Why stabilized Treasuries + expected rate cuts could mark the turn The Fed's inflation/employment balancing act—and what tariffs might do Q2 deal flow: multifamily transactions rising and confidence returning Rent vs. buy gap: why apartments still have room to run Supply outlook: deliveries slowing sharply → conditions for rent growth Strategy now: buy vs. build, replacement cost math, and timing the “7 o'clock” entry ⚠️ Disclaimer: This episode is for informational purposes only and is not tax, legal, or investment advice. Always consult qualified professionals about your specific situation.

a16z crypto's CTO Eddy Lazzarin and partner Daren Matsuoka return for our annual State of Crypto to map where 2025 really is on the curve: a price–innovation cycle poised to hand the baton back to builders, Bitcoin holding ~50% share, and 70M people now using crypto on-chain out of 716M owners. We dig into why institutions are actually shipping (not just PR), how stablecoins now rival Visa-scale volumes and sit among top U.S. Treasury holders, why DEX spot share near 20% changes price discovery, and how perps, infra throughput, and fee-switch economics are reshaping revenue across chains. Plus: prediction markets' second act, the AI×crypto handshake (agents, proof-of-humanity, IP), and Bitcoin's long-dated quantum dilemma. ---

My interview with Taran Sabharwal, Founder and CEO of Stix.  - How private OTC #crypto markets are handling over $1B in monthly volume  - The cyclical nature of secondaries and locked token trading  - Who's selling: VC funds and foundations  - Who's buying: prop trading firms, family offices, and private wealth  - Case study: #Solana secondaries moving from 50% to 15% discount  - How digital asset treasury firms are enabling access for traditional capital  - The arbitrage opportunity between discounted tokens and liquid futures  - Why #ETFs can't compete with token treasuries on flexibility and yield  - The growing role of market-neutral strategies in altcoin investments  - Long-term outlook on institutional access to crypto via equity structures Powered by Phoenix Group Powered by Phoenix Group The full interview is also available on my YouTube channel: YouTube: http://bit.ly/42Ue7gK    

Is this the beginning of the end for ETFs? In this episode, we sit down with Matt Zhang, founder of Hivemind Capital, to unpack the rise of DATs, which might completely rewrite the rules for crypto exposure, institutional adoption, and long-term token value. ~~~~~

In this episode we answer emails from Ron, Mark, Rick and Keith.  We revel in your generosity and discuss the mechanics of monthly withdrawals and how rebalancing smooths that over, modelling portfolio with money going in and money going out, and a follow up on portfolios employing futures contracts as leverage.  And gooooold!  And THEN we our go through our weekly portfolio reviews of the eight sample portfolios you can find at Portfolios | Risk Parity Radio.Additional Links:Father McKenna Center Donation Page:  Donate - Father McKenna CenterOur South Africa Trip Video Playlist:  Penguins in Cape TownRemembering Gov. Schaefer:  The Eastern Shore remembers SchaeferRecent Bigger Pockets Money Episode Mentioning RP Portfolios:  FIRE is Dead...and Here's What Replaced ItPortfolio Visualizer Financial Goals Tool:  Financial GoalsAccumulating in a Golden Ratio Portfolio Article:  Minimize Your Miss – Portfolio ChartsKeith's Portfolio Backtest:  https://testfol.io/?s=9Am02OVX6XDBreathless Unedited AI-Bot Summary:Gold doesn't care about narratives, and this year it's rewriting a lot of them. We walk through what a powerful gold run means for real-world withdrawals, safe withdrawal rates, and the way diversified portfolios shoulder risk when the regime shifts. From the Golden Butterfly and Golden Ratio to return-stacked experiments, we review performance, drawdowns, and why structural diversification—equities, Treasuries, gold, real assets, and managed futures—often beats clever timing when you're spending from your nest egg.We also open the donor mailbag with sharp questions from listeners practicing monthly withdrawals ahead of retirement. Should you fund withdrawals from accumulated cash or trim recent winners? How much does trade timing matter at month-end? We share simple rules that reduce friction: let dividends build a cash buffer, sell strength back to targets, and rely on periodic rebalancing to correct small timing errors. For those using volatile tools like UPRO, TMF, or crypto, we explain why defined targets and a steady cadence matter more than chasing the “perfect” price.Futures curious? We touch on financing costs, collateral choices, and the risk realities of leverage, including why even elegant models must respect max drawdown. Along the way, we challenge the habit of erasing the 1970s from gold analysis and highlight how data-driven diversification can protect retirees from sequence risk. Whether you're simulating withdrawals or already living on your portfolio, you'll get practical tactics and a clearer lens for portfolio design.If this resonates, follow the show, leave a review, and share it with someone planning their retirement drawdown. And if you want your question answered sooner, support the Father McKenna Center through our site—every donation helps and moves you to the front of the line.Support the show

“We're gonna start seeing strategic compute reserves — like digital oil. Treasuries hoarding compute credits across networks like Aethir Cloud, ready to convert when needed," says Aethir's CEO Dan Wang.

Federal Reserve Chair Jerome Powell just hinted that the Fed may soon pause its balance-sheet runoff — a potential shift that could reshape market liquidity and investor sentiment. Lance Roberts & Danny Ratliff break down: * Why the Fed may pause QT — and what it signals about financial conditions. * How ending balance-sheet runoff affects liquidity, yields, and asset prices. * What history tells us about QT pauses and subsequent market rallies. * Why the Fed's portfolio composition (Treasuries vs. MBS) still matters for inflation and housing. * Portfolio tactics if the liquidity tide begins to turn. 0:19 - Markets' Rally on Powell QT Comments 4:16 - Speculation Continues on Wall St 8:40 - Childhood Bedtimes & Digital Devices 14:36 Is Quantitative Tightening About to End? 16:55 - What is the Result of Easing QT? 19:37 - Where's the Risk: Private Credit/Equity 21:12 - The Fed's Moral Hazard & History of Bailouts 26:01 - How Would a Failure of FNMA Loans Affect the Economy? 28:34 - What Led to the 2007-2008 Financial Crisis 32:13 - The Bigger Risk of Too Much Money Chasing Too Few Deals 35:45 - The Last Stages of Asset Development 40:11 - IRS Rules Changes for Roths 45:12 - Comming Attractions Whether the Fed is stabilizing the system or setting up the next round of excess — it's a key inflection point investors can't ignore.

Federal Reserve Chair Jerome Powell just hinted that the Fed may soon pause its balance-sheet runoff — a potential shift that could reshape market liquidity and investor sentiment. Lance Roberts & Danny Ratliff break down: * Why the Fed may pause QT — and what it signals about financial conditions. * How ending balance-sheet runoff affects liquidity, yields, and asset prices. * What history tells us about QT pauses and subsequent market rallies. * Why the Fed's portfolio composition (Treasuries vs. MBS) still matters for inflation and housing. * Portfolio tactics if the liquidity tide begins to turn. 0:19 - Markets' Rally on Powell QT Comments 4:16 - Speculation Continues on Wall St 8:40 - Childhood Bedtimes & Digital Devices 14:36 Is Quantitative Tightening About to End? 16:55 - What is the Result of Easing QT? 19:37 - Where's the Risk: Private Credit/Equity 21:12 - The Fed's Moral Hazard & History of Bailouts 26:01 - How Would a Failure of FNMA Loans Affect the Economy? 28:34 - What Led to the 2007-2008 Financial Crisis 32:13 - The Bigger Risk of Too Much Money Chasing Too Few Deals 35:45 - The Last Stages of Asset Development 40:11 - IRS Rules Changes for Roths 45:12 - Comming Attractions   Whether the Fed is stabilizing the system or setting up the next round of excess — it's a key inflection point investors can't ignore.

Welcome back to Not Fintech Investment Advice, where Simon Taylor and I do what we do best: talk about fintech startups we're absolutely not giving investment advice on. First up is EtherFi Cash, a DeFi-native credit card (from Ether.fi) that flips banking math. You load stablecoins onto the card as collateral. From there, you can either spend them directly or lock them up to borrow cash against them (earning interest on the coins you park, while borrowing at a lower rate). It's non-custodial, meaning you're fully responsible for your crypto, and the card itself runs on Visa through a partner. It's over-collateralized lending dressed up as a card, and maybe regulators will end up treating it that way. Next up is Lunos AI, an AI agent that collects invoices like a polite but relentless coworker. It reads emails, remembers context, negotiates, and learns. Today it automates AR (accounts receivable); tomorrow, it'll be talking to AP (accounts payable) bots on the other side. Think of it as the first step toward self-driving cash flow. Then, there's the evocatively named Circuit & Chisel. Their XTP protocol lets AI agents pay each other per use instead of signing up for endless subscriptions. Imagine a digital assistant renting a data tool for ten seconds. It's built by ex-Stripe and Chainlink folks who see where this is going: a future where software pays software.  Finally, there's Figure. Mike Cagney (of SoFi fame) successfully took his blockchain lending company public. Figure started with home-equity loans and now runs one of the largest on-chain real-world asset markets (outside of U.S. Treasuries). Its innovation lies in using blockchain to automate the costly back-office work of loan origination and trading. It's faster, cheaper, and fully traceable (and it's rated by the same agencies that review traditional securities). Plus, some closing manifestations: whoever builds the MCP or the protocol that lets AR and AP AI agents talk to each other is sitting on a billion-dollar startup. Banks should treat stablecoin yield as the next interchange moment, and as for anyone touching DeFi lending … remember, the same consumer-protection laws still apply. Sign up for Alex's Fintech Takes newsletter for the latest insightful analysis on fintech trends, along with a heaping pile of pop culture references and copious footnotes. Every Monday and Thursday: https://workweek.com/brand/fintech-takes/ And for more exclusive insider content, don't forget to check out my YouTube page. Follow Simon: LinkedIn: https://www.linkedin.com/in/sytaylor/ Substack: https://sytaylor.substack.com   Follow Alex:  YouTube: https://www.youtube.com/channel/UCJgfH47QEwbQmkQlz1V9rQA/videos LinkedIn: https://www.linkedin.com/in/alexhjohnson Twitter: https://www.twitter.com/AlexH_Johnson Companies featured: https://www.ether.fi/ https://www.lunos.aI https://circuitandchisel.com/ https://www.figure.com/

For the first time since 1996, central banks now hold more gold than U.S. Treasuries. That's not a coincidence. It's a silent vote of no confidence in the dollar. In this video, Taylor breaks down what's fueling gold's surge, why the dollar is losing trust, and what that means for your savings.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 sharply higher with S&P up around 1.5%. Follows worst S&P session on Friday since early April Liberation Day slide. European markets are higher while Asia's ended largely lower. Bonds are firmer in Asia after Treasuries made big gains on Friday. 2-year yield flat to 3.5% and 10-year flat to 4.1%. Dollar slightly higher versus European FX majors and Japanese yen, softer versus Aussie. Oil up. Gold rallies to fresh record high. Big gains also in copper and industrial metals space. Bitcoin near two-week low. Spike in US-China trade tensions remained talking point over the weekend after President Trump on Friday announced additional 100% tariffs on China in response to what he described as hostile actions by Beijing involving announcement of rare earths export curbs, a Qualcomm antitrust probe, tightened customs inspections of Nvidia chip imports, and new port fees for US ships. Companies Mentioned: RPMGlobal Holdings, Big Yellow Group, Blackstone, Caterpillar

In this episode we answer emails from Jimmy, Anonymous and Matthew.  We discuss financing a home with portfolio leverage via ETFs or margin, revel in the generosity of our listeners and real-life encounters, and review a risk parity style portfolio and plan.  And touch on our recent vacation to South Africa.And THEN we our go through our weekly portfolio reviews of the eight sample portfolios you can find at Portfolios | Risk Parity Radio.Additional Links:Father McKenna Center Donation Page:  Donate - Father McKenna CenterNew Father McKenna Center YouTube Channel:  Father McKenna Center - YouTubeSOAR Gala Information:  2025 Washington DC Awards Gala - SOAR! - Support Our Aging ReligiousBreathless Unedited AI-Bot Summary:  A near-miss with lions on safari sets the stage for a different kind of risk: how to fund a new home when most of your wealth sits in a taxable portfolio. We dive straight into the trade-offs between selling positions, taking a margin loan at a low-cost broker, or using a return-stacked ETF like RSST to maintain exposure while freeing up cash. The core question isn't just, “Can I do this?” but “Can I live with it through a full market cycle?” We break down taxes, financing costs, and the behavior premium that separates clever from fragile.From there, we build a clean, high-conviction risk parity allocation anchored in three pillars—stocks, Treasuries, and gold—and show why that can be enough to lift a safe withdrawal rate if you respect correlation math and rebalance discipline. Within equities, we pair large-cap growth with small value and international value to spread factor and regional risk. In the bond sleeve, we weigh a simple one-fund approach against a two-fund split (VGIT + VGLT) for small fee and flexibility gains. We also get practical on withdrawals: monthly trims from winners can quietly rebalance your portfolio while matching real-life bills, while quarterly or annual withdrawals suit planners who prefer fewer moves and more cash on hand.Finally, we pull up the dashboard. Gold's massive run challenges narratives that cherry-pick 1980 as a starting point; bonds have life; small value lags; and our sample portfolios highlight why diversification and costs matter more than headlines. The classics keep compounding, while the leveraged set underscores that concentration plus leverage is a rough mix, and thoughtful “return stacking” needs clear rules and flexible spending. If you're weighing a home purchase, chasing a higher safe withdrawal rate, or simply trying to keep your strategy steady, you'll find concrete steps you can use today.Enjoy the conversation? Follow the show, leave a quick review, and share this episode with a friend who's planning a big financial move.Support the show

“It's really theft. And it's not mistaken theft or stupid theft. It's deliberate policy theft,” says Matthew Piepenburg, author of Rigged to Fail, of the current fiscal environment. He warns we are at a “Stalingrad moment” for the U.S. dollar, driven by unsustainable debt and central banks “net stacking gold and net dumping U.S. Treasuries.”This historic shift, he explains, is because “policymakers are not your friends” and are deliberately debasing currency. “When that debt credit balloon approaches a popping moment… the currency used to monetize that debt… melts like an ice cube.” In this environment, “gold just tells the truth,” acting as a vital lifeboat. “Gold has almost a supernatural, historical, and inherent quality that's simply unmatched. And that's why it's in such demand, and it will always get the last laugh over dying fiat paper money. It just always does.”✅ FREE RESOURCESDownload The Private Wealth Playbook — a data-backed guide to strategically acquiring gold and silver for maximum protection, privacy, and performance. Plus, get Daniela Cambone's Top 10 Lessons to safeguard your wealth (FREE)

Our Fixed Income Strategist Vishy Tirupattur explains how changes in the yield curve are affecting markets such as insurance, Treasury yields and mortgage rates.Read more insights from Morgan Stanley.----- Transcript ----- Vishy Tirupattur: Welcome to Thoughts on the Market. I am Vishy Tirupattur, Morgan Stanley's Chief Fixed Income Strategist. Today – How the shape of the yield curve has affected credit and housing markets, and the risk of changes to the curve and its implications. It's Tuesday, October 7th at 1pm in New York. The shape of the yield curve plays a pivotal role in financial markets. It influences everything from credit conditions to housing and mortgage dynamics. And you've been hearing on this show for some time about more Fed rate cuts coming. Our economists expect 25 basis point rate cuts at the next three meetings – that is October, December and January. And then two more in April and July of next year. What does this mean to the shape of the curve? Our high conviction call has been that investors should position for a steeper yield curve. Why does the curve matter? It's not just a macro signal. It's a transmission mechanism that shapes pricing, risk appetite, and sector flows. Take life insurers, for example. A steeper curve has turbocharged demand for fixed annuity products, which in turn drives flows into spread assets like corporate and securitized credit. Insurance demand has become a powerful technical in credit markets. This year's steepening has been led by falling front-end yields. For example, 2-year Treasuries are down about 60 basis points, significantly outpacing the 40 basis point drop in 10-year yields and just 5 basis point drop in 30-year yields. That front-end move reflects shifting rate expectations and offers relief to highly leveraged issuers who rely on short-term funding. But longer-dated yields remain sticky, keeping all-in borrowing costs elevated. That is good for insurers – and the sale of fixed annuity products – but acts as a brake on overall issuance, helping keep credit spreads tight despite macro uncertainty. That said, not all markets benefit. Mortgage rates, which track longer yields more closely than the fed funds rate, have actually risen 25 to 30 basis points since the easing cycle began in September of 2024. That's a headwind for affordability. While a steeper curve may support lending and future housing supply, it's not helping today's buyers. A flatter curve with lower long-end yields would offer more meaningful relief—but that is clearly not our base case. Bottom line: Rate cuts matter, but the shape of the curve may matter more. A steeper curve is a tailwind for credit but a headwind for housing. And a reminder that not all markets move in sync. Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

In this episode of the Mountain Real Estate Podcast, host Candice Day breaks down the mystery of mortgage rates and why they matter so much for homebuyers and investors in Summit County, Colorado.You'll learn: ✅ How mortgage rates are actually set (hint: it's not just the Fed!) ✅ The key factors that influence rates — inflation, Treasuries, spreads, and personal borrower details ✅ Real-life payment examples on a $1M property at 3%, 6%, 6.25%, and 6.5% ✅ How higher rates cut into your purchasing power — and why a $1M home in 2020 might only feel like a $660K home today ✅ What current rates look like in Colorado and Summit County, including fixed and adjustable loan optionsWhether you're buying, refinancing, or just curious how mortgage rates affect affordability in the mountains, this episode gives you the clarity you need to navigate today's market.

China's trade surplus with the US remains stubbornly large, but its appetite for Treasuries is fading. So where are the dollars going, and what does that say about the country's evolving financial strategy? Kevin Coldiron welcomes back Dr. Zoe Liu for a nuanced look at how Beijing is managing external pressure, internal control, and the creeping disruption of dollar-backed stablecoins. Behind the headlines is a deeper story about surveillance, capital flight, and the boundaries of monetary sovereignty. As China builds shadow reserves and experiments with programmable money, the question isn't just what it fears it's what kind of system it's trying to build instead.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Kevin on SubStack & read his Book.Follow Zoe on Twitter and read her book.Episode TimeStamps: 02:11 - Introduction to Zoe Liu04:15 - How U.S tariffs impact shipping costs and the deficit with China17:27 - What is China actually doing with their earned dollars?27:52 - Are FX entrusted loans reinforcing the dollar based trading system?36:07 - What are stable coins and why are China worried about them?42:31 - The second level of...

In this episode of A Wiser Retirement® Podcast, Casey Smith is joined by Robert Swarthout, CEO and Portfolio Manager of Teton Crypto Capital. Together, they dive into the latest crypto news, from the launch of new ETFs to the growing influence of stablecoins in U.S. Treasuries. The conversation explores how these developments could impact retirement planning and whether crypto deserves a place in your 401(k).Related Podcast Episodes: Ep 296: Crypto Update: Big Beautiful Bill, GENIUS Act, & Crypto Company IPOsEp 286: How can I evaluate crypto as a potential investment?Learn More:- About Wiser Wealth Management- Schedule a Complimentary Consultation: Discover how we can help you achieve financial freedom.- Access Our Free Guides: Gain valuable insights on building a financial legacy, the importance of a financial advisor for business owners, post-divorce financial planning, and more! Stay Connected: - Social Media: Facebook | Instagram | LinkedIn | Twitter- A Wiser Retirement® YouTube Channel This podcast was produced by Wiser Wealth Management. Thanks for listening!

When evaluating a fund, one of the first sets of numbers you'll likely look up is its past returns. But those are not the returns that owners of that fund actually earned. Robert Brokamp speaks with Morningstar's Jeff Ptak about which investor behaviors and types of funds are more associated with underperformance. Also in this episode: -The Russell 2000 finally surpassed its 2021 peak – what's behind the small-cap surge?-The Treasury Department has released preliminary guidance about “no tax on tips”-The spread in yields between investment-grade corporates and Treasuries is the smallest it's been since 1998-A lesson from the life and recent death of financial journalist Jonathan Clements: Don't delay your bucket list until retirement Investments discussed: VOO, QQQ, VTWO, IWC Host: Robert BrokampGuest: Jeff PtakEngineer: Bart Shannon Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, "TMF") do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. Learn more about your ad choices. Visit megaphone.fm/adchoices

"Gold is for war, Bitcoin is for flight,” declares Clem Chambers, CEO of Online Blockchain and veteran investor, as he warns of a world edging toward conflict and monetary upheaval. Chambers explains how central banks are quietly dumping U.S. Treasuries and hoarding gold, signaling that governments are preparing for financial and geopolitical shocks. He calls gold the “ultimate currency in war.” Chambers also highlights the Federal Reserve's next moves, from potential rate cuts to renewed money printing, which he believes will fuel both a massive economic boom and rising systemic risk. At the same time, he points to overlooked opportunities in silver and platinum as investors crowd into AI-driven equities, warning that speculation is masking deeper structural fractures.Chapters: 00:00 Clem's first impressions of New York02:07 Why he's bearish on humanity04:07 “Gold is for war"05:30 AI-driven market turmoil09:23 Gold's role as the world's reserve asset10:15 Fed rate cuts and the next liquidity wave14:15 Bitcoin as flight capital18:03 Silver's overlooked upside✅ FREE RESOURCESDownload The Private Wealth Playbook — a data-backed guide to strategically acquiring gold and silver for maximum protection, privacy, and performance. Plus, get Daniela Cambone's Top 10 Lessons to safeguard your wealth (FREE)

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 Eurozone is feeling the inflation pressure. Mexico is in a recession and the rest of the world is going to follow. The economy is an illusion and Biden created it with fake numbers. Trump is bringing the economy out of the recession and he is transforming the system right in front of the [CB]. The [DS] is now showing who they truly are. They are pushing their foot soldiers to become more violent, the people are witness the insurrection. Trump is pushing the [DS] down the path of war. The [DS] is following the 16 year plan and it ends with war. DC is now setting up anti-scale fencing. The people of the US are now judging what they are seeing. Justice is coming.   Economy Eurozone Faces Inflation, Growth Threat From China's Rare Earths Dominance, ECB Warns   The eurozone economy faces the threat of higher inflation rates and slower economic growth if supplies of rare earth minerals from China are disrupted, the European Central Bank said Tuesday. In a report, the ECB's economists said the eurozone relies heavily on rare earths from China, either directly or through intermediaries such as large U.S. technology companies. Were those supplies to be interrupted as a result of trade or other disputes, the eurozone would suffer economic harm, they warned. Source: wsj.com https://twitter.com/SNienow/status/1970594156469788775 https://twitter.com/WallStreetMav/status/1970830346217251294 (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/1970838444659093881  February 2020. This suggests that official BLS job openings data will likely continue to trend lower. All as the number of unemployed Americans now exceeds available jobs for the first time since April 2021. Job weakness is spreading. https://twitter.com/unusual_whales/status/1970819754592964811 US Federal Reserve Chairman Jerome Powell warned that cutting rates too aggressively risked stoking inflation US Federal Reserve Chair Jerome Powell recently issued a cautionary statement, warning that the Federal Reserve should avoid cutting interest rates too aggressively, as it could reignite inflation and undermine the Fed's efforts to reach its 2% target. Powell's comments, made on September 23, 2025, stressed the need for caution in monetary policy to balance the dual goals of maximum employment and price stability, particularly as inflation remains somewhat elevated despite a cooling labor market.    https://twitter.com/JoeLang51440671/status/1970845535767527606   “key” to the plan. Trump chose Scott Bessent as Treasury Secretary for a reason. Anybody remember what he was pushing right after the election? “Ultra-Long Bonds: A Bold Bet on Stability” “Perhaps the most intriguing part of Bessent's vision is his openness to issuing ultra-long Treasury bonds—securities with maturities of 50 years or even 100 years. This isn't just a technical adjustment; it's a statement. Ultra-long bonds send a clear signal about how the Treasury plans to manage its debt in a changing economic environment.” “Stability” is the key. Why would Bessent be pushing for “ultra-long bonds?” “Ultra-long bonds (like 50-year or 100-year Treasuries) may become more common.

Tether is reportedly seeking a $500 billion valuation in a major fundraising round, raising fresh questions about the mysterious role of crypto treasuries in global markets. How do these massive balance sheets really work, and what risks or opportunities are hidden behind them? Joining us today are Allan and Brian from Upexi, a Solana-based treasury company, to share their inside perspective on how crypto treasuries operate, what makes them so powerful, and where this trend is heading. We'll dig into Tether's big ambitions, the rise of Solana treasuries, and what it all means for the future of digital assets.

Foreigners continue their epic buying binge in USTs and US$ assets, totally defying the narrative everyone around the world is ditching America. Despite the intent of so many to make this political, there is nothing political about this, purely economics (small "e"). We keep more evidence and data showing what those really are, and foreigners know it only too well. Eurodollar University's conversation w/Steve Van Metre**************************************Eurodollar University's One Big Weekly ThemeIn a world where markets swing on every headline, focus matters. That's why Eurodollar University offers One Big Weekly Theme — a disciplined, thematic analysis you can count on.If you don't have the time to go all the way to the depth of Eurodollar University's comprehensive Deep Dive Analysis and want the next best thing, One Big Weekly Theme is for you. To sample or sign up straight away, go to:  eurodollaruniversity.substack.com**************************************Bloomberg Foreign Holdings of Treasuries Climb to Record Levelhttps://www.bloomberg.com/news/articles/2025-09-18/foreign-holdings-of-treasuries-reach-record-even-as-china-sellshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

The US Federal Reserve resumed its rate cut cycle last week with a widely expected 25bp rate cut. Julius Baer expects four further rate cuts through March 2026, pausing at 3.25%, while the markets are pricing in slightly more aggressive easing. Against a backdrop of rapidly falling short-term rates and rising re-investment risk, 5-7 year bonds emerge as the sweet spot – offering a balance of yield and volatility amid a steepening curve. In credit markets, the tight spreads between corporates and Treasuries aren't just a sign of strong corporate demand, but also reflect weakening Treasury appeal. When benchmarked against swaps, the implied corporate credit spreads appear more normal, supporting continued inflows into investment-grade corporate bonds. In equities, the rally in lower-quality and non-profitable tech stocks suggests that the market has been expecting and pricing in looser monetary policy conditions. However, a reversal may be due, and it may be time for quality stocks to outperform again. Notably, despite strong gains, valuations of the Magnificent 7 stocks remain below prior bubble peaks. This episode is presented by Richard Tang, Head of Research Hong Kong at Julius Baer.

In this must-watch episode of Holistic Investments, host Constantin Kogan sits down with crypto veteran David J. Namdar, CEO of BNB Network Company! With over 10 years in the game, David shares his wild journey: from pitching Bitcoin to Millennium hedge fund in 2013 (and getting rejected for lacking shorts!), co-founding Galaxy Digital with Mike Novogratz during the 2017 bull run, launching the 2nd Bitcoin ETF attempt (right after the Winklevoss twins), and now leading the charge in digital asset treasuries as CEO of BNB Network Company (NASDAQ: BNC).Why BNB? David breaks down why BNB is the "digital equity infrastructure" powering Binance's 290M users and 40% of global crypto trading volume – outpacing Coinbase's market share 8x! Backed by CZ's Easy Labs (largest investor) and Tangem Capital, CA Industries holds the biggest BNB treasury on the planet. Learn how this MicroStrategy-inspired strategy (but for BNB) could 10x your exposure without direct access to Binance in the US. David predicts BNB surpassing XRP by end of 2025 – and why tokenized stocks, 24/7 markets, and AI agents will supercharge BNB Chain over Ethereum.Key Highlights: