Kerry Lutz and Paul Otter discussed the Supreme Court's decision to strike down the current administration's plan to forgive student loan debt. They highlighted the potential impact on borrowers and the economy, including missed payments, higher credit card debt, and a decrease in credit scores. The need for Congress to revisit the student loan scheme and hold universities accountable for their role in creating the problem was also discussed.

Both Kerry and Paul agreed that canceling the debt is not the solution and that Congress needs to find a way to solve the problem without causing pain elsewhere. They emphasized the importance of borrowers being proactive and having a plan in place to deal with their student loan debt.

Go to Paul's site: https://BetterCredit.com

Visit FSN: https://FinancialSurvivalNetwork.com

Blow-out jobs report means interest rates have to rise. 10-year Treasury broke 4% this morning. 

In the past two bubbles interest rates rose along with stocks until the markets broke. We're repeating that pattern. 

The Big Toy indicator is flashing: RV and Rolex sales down. 

Commodities getting whacked. Are we in a bear market? 

France is burning. A sign of the future? 

Quality of life in our major cities is rapidly declining

The Supreme Court is issuing some big rulings. What does that mean? 

-- Affirmative action

-- Web design/bakery "compelled speech"

-- Student debt (separation of powers) goes back to baby boomers, when college was cheap https://www.supremecourt.gov/opinions/22pdf/22-506_nmip.pdf

-- Louisiana court banned gov't social media censorship https://www.politico.com/f/?id=00000189-2209-d8dd-a1ed-7a2de8d80000

(Trump was a hugely consequential president!)

Visit John at: https://rubino.substack.com

Visit FSN at: https://FinancialSurvivalNetwork.com

Alex Sonkin explained the Due Diligence Project, which is a peer review community of mostly CPA firms that helps mitigate the risk and time to complete due diligence on sophisticated tax structures. The Due Diligence Project serves CPA firms who are trying to differentiate themselves and serve clients with tax problems. They have created the largest independent peer review community of CPA firms in the country and conduct summits to bring the community together.

Their clients are CPA firms who serve clients making half a million and up in net income. Kerry Lutz expressed some skepticism but agreed to give it a shot. Sonkin also discussed the Due Diligence Project Summit, which aims to help businesses and individuals mitigate taxes and costs through vetted tax planning resources and strategies.

Alex's site: DueDiligence.com

FSN: FinancialSurvivalNetwork.com

Jamar James shared his insights into cryptocurrency and the potential for digital currency to be a vehicle for wealth.

Jamar shares his journey into the world of cryptocurrency and his concerns about the implications of a cashless society. He also discusses the potential benefits of digital currency in tax collection and how it can help build wealth. Finally, the fifth paragraph is an interview between Kerry and Jamar, where they discuss Jamar's experience in the military and the values he learned.

Overall, the meeting covered a range of topics, including cryptocurrency, and military service. While some of the topics were unrelated, they all provided insights into the experiences and perspectives of the participants. The discussion of cryptocurrency was particularly informative, as Jamar shared his insights into the potential benefits and risks of digital currency. The interview with Jamar also provided a personal touch, as he shared his experiences in the military and the values he learned.

Visit Jamar at: https://www.dcgelite.com/7daychallenge

Visit FSN at: https://FinancialSurvivalNetwork.com

Kerry Lutz and Dave Shutler discussed the state of student loans and the importance of avoiding them. They recommended picking a major first and then a school to avoid taking on too much debt. They also emphasized the importance of knowing the potential earnings for a chosen career path before taking on student loans.

The lack of resources available to young people to understand the intricacies of student debt and the hidden costs of taking out a reverse mortgage were also discussed. The non-dischargeability of student loan debt and the potential for a recession due to the large number of people with student debt were also mentioned.

The value of a college education and the earning potential of skilled trades were also explored. While college graduates make more money on average, some skilled trades can earn more than some college graduates. Various cost-effective education options for students were discussed, including community college, AP courses, and online-only schools.

The benefits of these options, such as lower tuition fees and the ability to earn college credits while still in high school, were highlighted. The importance of exploring all available options to save money and still receive a quality education was emphasized. Finally, financial hacks and the importance of having proper knowledge to make financial decisions were discussed, and a book called "Graduate Debt Free" was recommended for those looking to pay for college.

To purchase David's book Graduate Debt Free: Escaping the Student Loan Matrix: https://www.amazon.com/dp/B0BZ96V3TQ/?tag=greebookgrou-20

Visit FSN at: https://FinancialSurvivalNetwork.com

Kerry Lutz and Anthony Saccaro discussed various topics related to the economy, including consumer confidence, the housing market, inflation, and investment strategies. They examined the factors that contribute to consumer optimism, such as the strength of the labor market and the availability of jobs, and discussed the potential impact of global events on the economy. They also noted the unusual reaction of home sales and prices to rising interest rates and the fear of the Fed that another home sale explosion could cause them to raise rates more aggressively.

Additionally, they discussed the impact of inflation on the job market and investment strategies, with Saccaro suggesting that investing in long-term income portfolios and real estate may be good strategies for weathering economic cycles. Finally, they discussed Anthony's podcast and marketing strategies, including the importance of analytics and tracking open rates and click-through rates for email blasts.

Find Anthony here - Anthony Saccaro

Find us here - FSN

The U.S. economy showed much stronger-than-expected growth in the first quarter than previously thought.

GDP increased at a 2% annualized pace for the January-through-March period, up from the previous estimate of 1.3%.

The upward revision helps undercut widespread expectations that the U.S. is heading toward a recession but I am not so sure that is realistic if the Fed’s continue pushing rates higher.

We all know inflation has finally hit 4% according to the CPI but consumer spending, as gauged by personal consumption expenditures, rose 4.2%, the highest quarterly pace since the second quarter of 2021 and Core PCE prices rose 4.9% which will only fuel the Fed’s resolve to continue pushing rates higher to continue contracting the economy.

Interestingly we see that exports rose 7.8% after falling 3.7% in the fourth quarter of 2022 so demand seems to be healthy.

Though I think many investors are wanting to be bullish, now is not the time to embrace the market with both hands. 

Remember that as we begin entering earnings season many of these companies get to set their own bar, therefore it has been easier for them to look good when in reality there is underlying weakness in their earnings.

Be patient, focus on dividends (collect them or spend them) but be ready to buy as there’s likely to be more K-Mart Blue Light Specials coming.

Visit Matthew at https://JohnsonWim.com

Visit FSN at https://FinancialSurvivalNetwork.com

Jim Sheils and Kerry Lutz discussed the current state of the real estate and investment industry, focusing on the Florida market. They talked about the challenges of building affordable housing and the potential for growth in different areas of the state. Sheils provided an overview of her company's in-house financing program and the types of residential properties they focus on.

The conversation also touched on the impact of mortgage rates on investment opportunities and the scalability and desirability of new construction properties. Overall, the meeting provided valuable insights and strategies for anyone interested in real estate investing.

Markets have been headed sideways for a while now. During Avi's last session on the show, he was of the belief that no market crash was coming in the near future. He was expecting the bounce that we eventually encountered. 

Now he believes that the market is at a turning point, either up or a significant move down. The future is always uncertain, but Avi uses his technical skills to try to get an edge. A few more market moves and he'll have a better idea. 

Let's see how it works out. 

Visit Avi at: https://ElliottWaveTrader.net

Visit FSN at: https://FinancialSurvivalNetwork.com

In a meeting between Rick Rule and Kerry Lutz, they discussed the resource sector and the upcoming  Rick Rule Symposium -- Natural Resource Investing. Rick noted that the market is bifurcating into two junior markets, with one market being populated mostly by the lame and the blind. He also predicted that the conventional energy sector will do well absent a real recession, and that the largest demand for coal was in 2022. They also discussed the global energy crisis and the need for more electricity, particularly in developing countries, and the importance of battery metals, such as lithium, in the transition to cleaner energy.

The conversation also touched on the complexities of government investment and permitting in the United States, particularly in the areas of electrification and battery metals. They explored the government's promises to invest in these areas, but also the challenges of obtaining exploration and operating permits. Additionally, they discussed the current state of the gold equity markets and how a bear market is like a sale. They emphasized the importance of attending the upcoming conference, which offers a range of speakers, living legends, and exhibitors who have built multi-billion dollar companies, and can be attended virtually or in person with access to conference recordings for six months.

Join us in Boca at the Symposium: https://opptravel.zohobackstage.com/TheRuleSymposiumonNaturalResourceInvesting2023#/?affl=FinancialSurvivorNetwork

Visit Rick at: https://ruleinvestmentmedia.com

Visit us at: https://FinancialSurvivalNetwork.com