With over 40 years of Wall Street experience and known for correctly predicting the 1987 market crash, Peter Grandich joined the Julia La Roche Show (Ep. 214) to discuss America's unsustainable debt path, the BRICS nations' challenge to U.S. dominance, his concerns about a coming debt implosion, and why "less is more" should be the guiding principle for both personal and government finances, while also sharing a powerful personal story about forgiveness and mental health.

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Timestamps:

00:03 Introduction to Peter Grandich

01:07 Overview of America's debt problem and market outlook

03:14 Discussion of retirement and aging crisis

05:23 America's path and changing consumer habits

07:48 Warning about young financial advisors' market experience

09:42 Story behind "Wall Street Whiz Kid" title and 1987 crash

11:19 Market outlook and Trump administration impact

16:43 BRICS discussion and Wall Street's "biggest blunder"

21:11 Portfolio implications of BRICS development

24:34 Building a financial ark and investment strategy

27:36 Trump administration challenges and debt situation

30:02 Government employment and spending concerns

34:56 Retirement crisis and social security challenges

40:26 Gold outlook and critique of Bitcoin

48:15 Debt implosion as biggest risk

51:32 Personal story of forgiveness and mental health

55:21 Closing thoughts on gratitude and helping others

Links:

https://x.com/PeterGrandich

https://petergrandich.com/

https://www.amazon.com/Confessions-FORMER-Wall-Street-Whiz/dp/B096LPRYW6