Palisades Gold Radio

Tom welcomes a new guest, geologist and newsletter writer Byron King for a discussion on the culture of deception and misdirection in society. Byron, an Ivy League-educated geologist and retired U.S. Navy officer, shares his thoughts on society’s shift from rigor to oblivion due to the loss of clear enemies post-Cold War and the emergence of self-proclaimed elites with skewed realities.

The conversation covers various topics including lawfare, its application against political adversaries, and the expansion of heightened surveillance and arrests. They also discuss the geopolitical conflicts affecting the world, with implications for the US and Canada, and the historical context of the US dollar’s dominance in global trade and its role in inflation.

Byron expresses concern over potential consequences if the US faces a crisis managing these conflicts, which could result in economic instability and further inflation. They disucss the impact of Federal Reserve interest rate policy on the economy and gold market, as well as the increasing disparity between asset-owning versus non-asset-owning populations.

Byron also explores the undervaluation of mining industries, particularly those producing rare earth elements, due to cultural factors such as reliance on Chinese producers with low costs. Central banks’ increased gold buying, driven by de-dollarization and geopolitical events is also discussed. The world will continue to need base metals like high-grade copper which will necessitate the mining of lower-grade ores and increased prices.

Time Stamp References:
0:00 – Introduction
0:50 – Reality & Distortions
7:49 – Lawfare & Politics
13:23 – Truth, Media, & Events
21:15 – Honest Money & Living Well
27:24 – The West & Inflation
37:38 – Golden Awareness
42:57 – Fed’s Direction Now
45:30 – Manufacturing & Rural
54:05 – EV Demand & Rare Earths
1:00:06 – Mines & Timelines
1:07:19 – Conference Takeaways
1:14:28 – Wrap Up

Talking Points From This Episode

Guest Links:
Website: https://paradigmpressgroup.com/

Byron King has first-hand expertise and connections in important industries like commodities and defense. He literally goes the extra mile to bring you perspectives you won’t find anywhere else.

His insights have been featured on MSN Money, Marketwatch.com, Fox Business News, CNBC’s Squawk Box, Larry Kudlow, Glenn Beck and PBS’s NewsHour. He has also been published in the Financial Times, The Washington Post and The Wall Street Journal.

Byron graduated from Harvard University with a degree in geological sciences. He then went to work as a geologist for Gulf Oil Exploration and Production. Next came a tour as a flight officer for the U.S. Navy. At one point, he was an aide to the United States Chief of Naval Operations. After leaving active duty, Byron began practicing law.

In 2002, he started corresponding with the staff of The Daily Reckoning. His work was featured so frequently he was often called an “unpaid contributor.” When he officially joined the staff, he began criss-crossing the globe in search of the world’s best mining investment opportunities.

Even now Byron spends much of his time away from home, checking out remote exploration sites, mines, rigs and plants to bring you a first-hand account of almost every investment opportunity he recommends.

His way of breaking down technical language into everyday English has earned him a lot of fans. And you can count on him to give you the clearest picture of companies that make the world work.

Tom Bodrovics welcomes a new guest to the show Chris Macintosh. Chris is the founder of CapitalistExploits and a seasoned hedge fund manager with experience in seven countries. They engage in a discussion revolving around ongoing recalibrations and rotations in capital markets, focusing primarily on the deindustrialization of the West and financialization as significant shifts over the last few decades. Chris underlines the disconnect between Western nations’ massive market caps and their actual production capabilities. He also discusses short-term changes such as the increasing dominance of few companies in the S&P 500, accounting for a substantial percentage of market capitalization, and passive capital flows from Western economies affecting investing, particularly smaller companies.

Chris expands on the potential consequences of a mere 10% rebalance in Western markets, emphasizing instability arising from massive sovereign debts, derivative markets, and potential debt cycle inflation. He highlights the anomaly of passive capital flows toward large cap stocks and the importance of asymmetry in investing for low downside risk with significant upside potential. Chris mentions automation selling during a downturn and seeking contrarian sectors as an alternative investment strategy.

The conversation covers geopolitical risks, including the possibility of ‘great taking’ or conflict, having assets outside the financial system in counter-cyclical, counter-jurisdictional asset classes like food, shelter, agriculture, precious metals, and maintaining a long-term perspective. Chris discusses the importance of education, problem-solving skills, diversification, and taking action to deal with fear. He prefers Latin and South America for living and investing. He advocates for banking in multiple jurisdictions and investing in cash-flowing businesses.

Time Stamp References:
0:00 – Introduction
1:07 – Economic Overview & Trends
14:30 – Derivatives & Rebalancing
24:14 – A Silent Bull Market
27:59 – Liquidity Analysis
31:30 – Great Taking & Risks
36:05 – Cloudstrike & Russia
39:08 – War & Capital Shifts
42:57 – Politics Stability & Capital
49:07 – Interesting Jurisdictions
54:19 – Banking & Diversification
58:24 – Fear, Volatility & Action
1:04:13 – Wrap Up

Talking Points From This Episode

Guest Links
Twitter: https://x.com/capitalistexp
Website: https://capitalistexploits.at

Raised in Southern Africa, Chris Macintosh has since lived & invested from 7 different countries. After a career at top tier investment banks such as JPM, Lehman, Robert Flemmings and Invesco, Chris became tired of corporate life, and has since built and sold multiple million dollar companies, overseen $35m into venture capital, all the while investing full time, and managing his own and private client wealth.

Tom Bodrovics, welcomes back Mikkel Thorup for an updated discussion on the increasing trend of moving and investing offshore due to negative developments in Western Countries like Canada and the USA. Mikkel highlights how political statements from leaders and the media could fuel the desire to leave these countries. He underscored the urgency of having a backup plan, given the potential increases in fees and taxes that could make leaving increasingly expensive.

Mikkel expressed concerns over the rising costs of moving overseas and the increasing investment requirements for obtaining residency in some countries. He acknowledged the appeal of countries with attractive taxation, weather, and good economies. Mikkel advocates for individual freedom and the importance of making good decisions for ones families and investments.

He lauded the efforts of the new presidents of El Salvador and Argentina in turning around their economies through libertarian policies, but remains cautious. Mikkel discusses his appreciation for various cultures, economic drivers, food, water, energy independence, and geopolitics when considering countries for expats.

Italy and Ireland are amongst top countries for individuals with ancestry to apply for citizenship or residency due to their relatively straightforward processes. He shared real-life examples of clients obtaining Italian and Irish citizenship through ancestral connections. Mikkel discussed various aspects of international investment and taxation, including the process of withdrawing investments from Canada or the US without triggering capital gains taxes. How one goes about selling shares, relocating, and purchasing property overseas.

Time Stamp References:
0:00 – Introduction
1:16 – Expat Trends
2:37 – Canada Exit Fees?
5:02 – Moving & Expenses
6:40 – Residency Costs
11:55 – Residency Programs
14:05 – Having a Backup Plan
16:16 – El Salvador & Argentina
22:16 – Attitudes & Lessons
24:28 – Argentina & BRICS
26:40 – Passports & Border Control
30:38 – Panama Residency
33:06 – Mexico Outlook & Economics
37:06 – Western Europe Concerns
40:17 – Passport by Ancestry
43:55 – Citizenship by Invest.
49:00 – Citizenship by Birth
55:10 – Moving Your Investments
58:37 – Wrap Up

Guest Links:
Conference: https://www.expatmoneysummit.com
Website: https://expatmoney.com
Twitter: https://x.com/ThorupMikkel

Mikkel Thorup, is the CEO and founder of Expat Money, and is a renowned expat consultant for high-net-worth individuals. He specializes in tax mitigation, securing second residencies and citizenships, and constructing diverse foreign investment portfolios. Born as an autodidact, Mikkel dropped out of school at 15 and has since lived and traveled extensively across over 110 countries. He’s the author of several best-selling books on expat living and hosts the Expat Money Show podcast. Mikkel founded the Expat International School of Freedom & Entrepreneurship in 2021, an online learning platform for children. A keynote speaker at many international events, he’s also a philanthropist, serving on various boards and supporting a Ugandan non-profit for teen mothers. Mikkel is a devoted husband and father of two, with a passion for travel.

Tom welcomes returning guest Peter Grandich from Peter Grandich and Company for a discussion on current economic risks and market trends. Grandich expresses concern over the markets’ failure to acknowledge major issues. He argues that gold markets show some recognition of these issues, while the stock market remains complacent. With experience through three financial crises, Grandich warns that this situation is more severe due to political division and lack of meaningful solutions from Congress or the Fed. He criticizes the Fed’s role in exacerbating debt through money creation during the pandemic.

Peter discusses societal shifts towards consuming beyond means and their impact on happiness, the stock market, and the economy. He traces these trends to the influence of television and the internet, which have convinced people that they need more money for happiness. They note that some of the happiest people have little or no wealth while some wealthy individuals are unhappy. He criticize politicians’ approach to economics compared to household management, resulting in societal issues like increasing consumer debt and a culture of living beyond it’s means.

Grandich discusses potential risks to the markets, including political instability leading up to the U.S. election and the impact on foreign investors divesting from American securities. He emphasizes gold’s importance as a store of value in the new economic structure and advocates for capital preservation due to perceived market overvaluation. Grandich encourages individuals to build a “financial ark” through self-sufficiency, preparing for potential financial hardships, and diversifying portfolios with stocks, bonds, and gold. He also mentions the junior resource market as an area of potential undervaluation for companies searching for metals and base metals.

Time Stamp References:
0:00 – Introduction
0:31 – Markets & Uncertainty
2:12 – Fixing Things & Politics
5:40 – Exponential Debt Crises
8:30 – Mass Media & Marketing
10:57 – Historic Comparisons
13:55 – Fed Perception/Reality
16:58 – Dot Plots & Fed Cuts
19:26 – Political Turmoil Risk
23:59 – BRICS Alliance & Gold
28:20 – Building a Financial Ark
32:19 – Defining Bubbles
35:56 – Anti-Bubble Opportunities
38:52 – Thoughts on Uranium
41:27 – Base Metals & Miners
46:35 – Crash Scenarios & Gold
49:20 – Wrap Up

Talking Points From This Episode

Guest Links:
Website: https://petergrandich.com
Twitter: https://twitter.com/PeterGrandich

Peter Grandich entered Wall Street in the mid-1980s with neither formal education nor training. Within three years, he was appointed Head of Investment Strategy for a leading New York Stock Exchange member firm. He would hold positions as Chief Market Strategist, Portfolio Manager for four hedge funds, and a mutual fund that bore his name. His abilities have resulted in hundreds of media interviews, including Good Morning America, Fox News, CNBC, Wall Street Journal, Barron’s, Financial Post, Globe and Mail, US News & World Report, New York Times, Business Week, MarketWatch, Business News Network and dozens more. In addition, he has spoken at investment conferences worldwide, edited numerous investment newsletters, and was one of the more sought-after financial commentators.

Grandich has been a member of the National Association of Christian Financial Consultants, The New York Society of Security Analysts, The Society of Quantitative Analysts, and The Markets Technician Association. He is an active supporter of Athletes in Action, the Fellowship of Christian Athletes, Good News International Ministries, and Catholic Athletes For Christ. Through Athletes in Action, Grandich assisted with Bible study and chapel services for the New York Giants and New York Yankees from 2002 to 2016.

His autobiography, Confessions of a Wall Street Whiz Kid, was first published in 2011 and is now on its fourth printing.

Peter Grandich resides in New Jersey with his wife, Mary, and has one daughter, Tara. In 2015, he turned a three-decade dream into a reality by opening a storefront office in the “Norman Rockwell style” Jersey Shore town of Spring Lake. He then extended that vision by opening a satellite office in Millstone Township in 2019.

Tom welcomes back Alasdair Macleod, Head of Research at GoldMoney to discuss the current trends in the gold market. The conversation covers various aspects of the gold market, including the role of the dollar, increased demand for physical gold, particularly in China, and the impact on the COMEX market.

Macleod explains that gold is hitting new highs due to the dollar’s decline rather than an increase in gold prices per se. He attributes this trend to government policies that maintain large budget deficits. A Trump second term is likely to continue weakening the dollar. Chinese households are turning to physical gold as an alternative to stocks and property, leading to increased demand and potential drainage of physical liquidity from the West.

In terms of the COMEX market, Alasdair points out that open interest has significantly increased, particularly due to neutral spread activity and arbitrage. He notes that this market could become more overbought and warns about potential mark-to-mark losses among the swaps, which may lead to further paper demand and a ‘bear squeeze’ on these institutions.

Alasdair discusses the impacts of the Comex, London, and Shanghai exchanges on metals markets. There is a drainage of physical gold from Western markets, particularly London, due to arbitrage opportunities. Chinese banks are expected to increase their gold reserves, and there’s also a resurgence in demand for Exchange-Traded Funds (ETFs).

They discuss the risks associated with credit and the potential for a crisis in the financial system, particularly regarding the clearinghouse and shares. Alasdair advises protecting oneself by holding physical assets like gold and silver and ensuring sufficient supplies during the initial stages of a potential collapse.

Lastly the effects of BRICS alliance is discussed and their plans to back their currencies with physical gold and silver. Although an attempt was made last year, it did not succeed due to opposition from China and India. Russia is expected to bring this issue up during the upcoming BRICS meeting in Astana in October, proposing that 40% of the new trade settlement currency would be backed by gold. Despite doubts about execution, having significant gold reserves and accumulating substantial quantities of gold for years could significantly impact the global economy if successful.

Time Stamp References:
0:00 – Introduction
0:49 – Gold Market Shifts
3:43 – Gold & Dollar Demand
11:37 – Comex Open Interest
16:25 – Categories at Comex
21:53 – West Vs. East Arbitrage
24:16 – ETF’s & Other Demand
28:32 – Producers & Margins
30:25 – Interest Rates & Bank Risk
37:00 – Trump Economic Implications
40:12 – Political Solution Unlikely
44:26 – G7 Nations & Debt Problems
46:42 – Ownership & Debt Systems
54:20 – BRICS Progression
1:01:54 – Lessons & Wrap Up

Talking Points From This Episode

Guest Links:
Twitter: https://twitter.com/MacleodFinance
Website: https://goldmoney.com
Research: https://www.goldmoney.com/research/

Alasdair Macleod is Head of Research for GoldMoney. He is an educator and advocates for sound money thru demystifying finance and economics. His background includes being a stockbroker, banker, and economist.

Alasdair Macleod started his career as a stockbroker in 1970 on the London Stock Exchange. Within nine years, he had risen to become senior partner of his firm.

Subsequently, he held positions at the director level in investment management and worked as a mutual fund manager. Mr. Macleod also worked at a bank in Guernsey as an executive director.

For most of his 40 years in the finance industry, he has been demystifying macro-economic events for his investing clients. The accumulation of this experience has convinced him that unsound monetary policies are the most destructive weapon governments use against the common man. Accordingly, his mission is to educate and inform the public in layman’s terms what governments do with money and how to protect themselves from the consequences.

Tom welcomes back Lawrence Lepard from EMA2 Equity Management Associates for a discussion on economic trends and the Federal Reserve’s monetary policy. Lepard expresses concerns about the Fed’s potential acceptance of a higher inflation rate due to rising U.S. interest expenses and a large budget deficit. Jerome Powell, the Fed chairman, is also contemplating rate cuts to support employment levels and government finances amidst ongoing inflation and uncertainty in unemployment data and Gross Domestic Product growth figures. Larry and Tom contemplate potential rate cut timelines, the possibility of a shift in Fed tactics, concerns over financial crises, and the potential impact of political events on the Fed’s decisions before the upcoming election.

The conversation shifts overseas to Japan’s economic situation, with Lepard predicting that gold will reach new all-time highs due to Japan’s reliance on imported oil and its shift towards purchasing oil in yen instead of dollars, potentially leading to a surge in gold demand and higher prices. Larry anticipates a decade-long bull market for gold and silver stocks as they are expected to double or even triple in value within the next 12 to 18 months due to higher metal prices, increased earnings, and potential dividends or stock buybacks.

Larry expresses his investment preferences, focusing on companies that pay dividends or hold precious metals as treasury assets. He also emphasizes the importance of responsible capital management following lessons learned from previous cycles. Despite concerns about mergers and acquisitions for large companies during this period, Larry suggests they might pay higher prices later in the bull market instead of seizing opportunities at low prices now.

Larry discusses his current projects, which include completing a quarterly report and writing a white paper on why sound money is crucial to solving the world’s problems. He proposes making gold, silver, and Bitcoin legal tender, abolishing the Federal Reserve, letting banks fail if they engage in risky practices, and eliminating the Federal Deposit Insurance Corporation as steps towards progressing towards sounder money.

Time Stamp Reference
0:00 – Introduction
0:53 – Rate Expectations
3:05 – Employment Factors
5:06 – Something Will Break
11:00 – Recent Political Events
16:35 – Mathematical Certanties
20:14 – Bonds & Long-Term Demand
23:32 – Stock Concentration
26:00 – Crack-Up Boom Bust?
27:35 – Global Problems
30:55 – Wealth Destruction
33:03 – Silver or Gold First?
37:22 – Miners & Valuations
41:05 – Dividends in Gold?
42:53 – Finding Opportunity
46:23 – Mexico & Mining?
49:53 – Germany & Bitcoin Sales
53:15 – Report & Whitepaper
56:52 – Spreading Awareness
1:00:16 – Wrap Up

Talking Points From This Episode

Guest Links:
Germany Bitcoin Sale: https://finance.yahoo.com/news/germany-sells-off-final-bitcoin-064941448.html
Newsletter: http://eepurl.com/gOf1dT
Website: http://www.ema2.com
Twitter: https://twitter.com/LawrenceLepard

Lawrence W. Lepard is the Founder and Managing Partner of Equity Management Associates. He has spent his entire 38-year career as an investor, principally focusing on venture capital opportunities.

Before co-founding EMA, Mr. Lepard spent 13 years at Geocapital Partners, in Fort Lee, NJ. There he was one of two Managing General Partners and was responsible for several venture capital funds. Before Geocapital, Mr. Lepard spent seven years at Summit Partners in Boston and California, where he was a General Partner at Summit I and Summit II.

Mr. Lepard received his BA in Economics from Colgate University, and he received an MBA with Academic Distinction from Harvard Business School.

Tom welcomes back, Keith Weiner, the president of the Gold Standard Institute USA, CEO of Monetary Metals, and a PhD economist. In their discussion, they examine the fundamental price of gold and silver which, according to Keith’s Metals model, is currently above market rate. This dynamic price reflects the tension between physical markets and futures markets, with speculators in the latter holding significant leverage that can impact short-term prices. While the accuracy of this model is debated, its indication of prices being significantly above market price suggests a potential upward trend for both gold and silver.

Keith also touched on the philosophical concept of anti-concepts, drawing from Ayn Rand’s ideas about proper concept formation. He used the term ‘money’ as an example of an anti-concept, arguing that defining money as anything other than gold or a promise to pay has led to misunderstandings and mismanagement of monetary systems.

Keith further explored the consequences of long-term trends in debt and falling interest rates. He explained how these trends lead to capital consumption through various means, including negative interest rates in countries like Germany, Netherlands, UK, and Japan, where enterprises that destroy investor capital are incentivized. In the United States, falling interest rates have led to an illusion of returns on investment as one party’s wealth is converted into another’s income. This ‘prodigal economy’ fuels consumption of capital, with Bitcoin and real estate being prime examples.

Additionally, Keith discussed differences between capital consumption, inflation, deflation, and stagflation. He argued that monetary increases can have different causes, leading to varying effects, and defined inflation as the counterfeiting or fraudulent issuance of debt or credit, resulting in inevitable deflation through losses or cram-downs. Lastly Keith explains Monetary Metals approach to making metals useful again to provide returns for companies.

Time Stamp References:
0:00 – Introduction
0:39 – Price Fundamentals
4:55 – Model Inputs & Analysis
11:23 – Profiting Vs. Stealing
16:18 – Anti-Concepts of Money
24:48 – Capital Consumption
32:28 – Inflation & Economists
36:32 – Defining Stagflation
40:01 – Drunk Monetary Policy
45:55 – Incentives & Solutions
49:56 – Incentivising Capital
54:34 – Providing Capital & Yields
57:27 – Counterparty Risk?
1:00:18 – Making Metals Useful
1:03:27 – Wrap Up

Talking Points From This Episode

Guest Links:
Twitter: https://twitter.com/kweiner01
Website: https://monetary-metals.com
Website: https://goldstandardinstitute.net
Facebook: https://www.facebook.com/keith.weiner.5

Keith Weiner is the founder and CEO of Monetary Metals, an investment firm that is unlocking the productivity of gold. Most people regard gold as a dry asset, to lock away in a vault, incurring storage fees. Many are waiting for it to rise in price.

Keith and Monetary Metals are on a mission to change this.

Gold should once again serve to finance productive enterprises and extinguish debts. The dollar performs one of these functions, but not the other. Bitcoin cannot finance anything, as no business can borrow a currency that’s expected to go up a hundred times. Gold is the one thing that fills both roles, par excellence.

Keith writes and speaks extensively, based on his unique views of gold, the dollar, credit, the bond market, and interest rates. When he is not working on the business, he is developing his theory of monetary science, and an arbitrage theory of economics.

Keith also serves as founder and President of the Gold Standard Institute USA. His work was instrumental in the passing of gold legal tender laws in the state of Arizona in 2017. He has met with central bankers, legislators, and government officials around the world.

Tom welcomes back Julian Brigden, co-founder of Macro Intelligence 2 Partners, about the current economic condition referred to as ‘macro purgatory.’ Brigden warns of an impending recession following a tightening cycle, with only an 8-10% chance of a soft landing. He underlines the significance of employment data, specifically unemployment rates, which can precede a recession and could result in significant rises, potentially causing bond markets to rally while equities weaken. The Fed’s failure to meet its stated goals complicates matters as Treasury and Janet Yellen have counteracted their efforts.

Brigden discusses his perspective on inflation trajectory over the last few years and identifies significant factors such as the breakdown of globalization, a resurgence of the cold war, demographic changes, and the impact of COVID-19. He explains that goods inflation is at its second lowest level in 65 years, while core services remain high. If core service inflation does not decrease significantly, it could indicate weakening wages and lead to recessionary signals despite falling inflation rates.

The challenges faced by the Fed in making monetary policy decisions due to lagging and imperfect metrics like employment data, GDP, and CPI are also discussed. Julian expresses optimism about precious metals as a potential investment during this economic period.

Brigden shares his perspective on investment strategy shifts towards precious metals, emphasizing the significance of recognizing market weakness and the Fed’s response. Julian also mentions the historical trend of investors being fully invested during strong markets, leading to a lack of liquidity during downturns, and discusses potential impacts on bond yields when the Fed inevitably intervenes. Additionally, he touches upon geopolitical risks such as uncertainty surrounding the next U.S. presidency.

Timestamp References:
0:00 – Introduction
0:40 – Macro Purgatory
5:10 – The Fed Vs. Treasury
7:46 – Goldilock Periods
13:08 – Inflation Calls & Factors
21:30 – Fed & Curbing Labor
25:53 – Lagging Metrics & Politics
34:26 – Markets & Pricing Concerns
41:00 – Metals & Low Liquidity
43:47 – Metals Potential & ETFs
49:13 – Miners & Capital Rotation
53:45 – Risk Vs. Returns & PMs
58:24 – This Time is Different
59:58 – AI Usefulness?
1:01:07 – Fed Cuts & Bonds/Dollar
1:07:00 – Wrap Up

Talking Points From This Episode

Guest Links:
Twitter: https://twitter.com/JulianMI2
Website: https://mi2partners.com/
Substack: https://mi2partners.substack.com/

Julian Brigden is the Head of Research at Macro Intelligence 2 Partners, a firm he co-founded in 2011. He leads a six-person team of research and market professionals to publish independent macroeconomic research that is both ahead of market consensus and timely. Julian has over 30 years of experience in financial markets including positions in market and policy focused consulting to institutional investors as well as FICC sales.

Julian is a trusted advisor to many top money managers who use MI2 Partners’ research to guide their investment process. He has extensive experience with macro data analysis, broad fixed income, equity market (not individual stocks) and currencies. He is particularly skilled at exploring correlations in the economy and financial markets vital to a vast array of investment decision-makers. As a global macro strategist, Julian’s primary focus is understanding and explaining macroeconomic and policy-related developments to tell clients what is important in markets and what to fade.

Julian spent five years at Medley Global Advisors from 1999 to 2004, a leading macro policy intelligence firm, as the Managing Director of the G7 Client Team, providing timely trading recommendations. From 2004 to 2011, he served as North American Head of Hedge Fund Sales at Crédit Agricole. He has worked in London, Zurich, New York and Vail at UBS, Lehman Brothers, HSBC, Drexel, Credit Suisse, and Salomon Brother in foreign exchange and precious metals.

Throughout his career, he has been featured on many big media outlets such as Bloomberg, CNBC, Fox News Business, Real Vision, the New York Times, Wall Street Journal, and Barron’s. Discussing macro research topics that are driving prices in global bonds, equities, commodities, and currencies.

Tom welcomes Dave Bradshaw, a CPA, MBA, author, and business owner, to discuss his recently published book, “No Second Chances: A Family Guide to the College Decision and the Lasting Impact of Debt.” The conversation revolved around the escalating college costs, questionable value of certain degrees, and the burdensome student loan debts many students now face.

Dave shared insights on how college has evolved from his childhood days, no longer promising a guaranteed path to financial success for numerous graduates. He stressed the significance of families considering the real costs of attending college, including the potential long-term impact of student loans on their children’s future financial wellbeing. They addressed the skewed incentives in the system, such as government involvement in student loans and the absence of price discovery in the market for higher education.

Dave was inspired to write the book after observing a friend’s aspiration to become a veterinarian and the immense financial burden that choice would impose on her. Dave highlights the importance of understanding the split between education costs and interest paid on loans. He advocates for students to weigh their future earning potential against taking on large student loan debts and criticized the lack of transparency surrounding college costs and financial aid.

They question the distortion in the education system due to government intervention in student loan industries, arguing that without price discovery, certain degrees and disciplines were either overvalued or undervalued. They pointed out examples such as nursing and veterinary medicine, where the value proposition was clear versus fields like sociology where the value was less evident.

The book serves as a practical guide for students and parents in making informed decisions about post-secondary education, with a workbook design that encourages self-reflection and dialogue between students and parents. It focuses on helping young people determine their purpose in life, considering what they want to learn, the job they aim for, and why they wish to attend college.

Dave suggests several strategies for alleviating the financial burden of higher education, such as living at home to cut costs in half, scholarships, tuition reimbursement programs from employers, having a job during college, and considering community colleges as an affordable alternative for the first two years.

Time Stamp References:
0:00 – Introduction
0:40 – Debt & College
4:42 – Degrees, Loans, & ‘Aid’
7:06 – Inexperience & Decisions
10:08 – Inspiration for the Book
13:47 – Value Vs Interest Costs
15:47 – Hidden Costs & Understanding
24:05 – Distortions & Regulation
30:32 – Guiding & Finding Purpose
40:12 – Graduating Vs. Defaults
43:14 – Consequences & Examples
48:33 – Hacks & Workarounds
56:40 – Wrap Up

Talking Points From This Episode

Guest Links:
No Second Chances: A Family Guide to the College Choice and Lasting Impact of Debt
Amazon Book: https://a.co/d/0fczd0KB
Website: https://www.keepyours.org

David Bradshaw currently serves as the CEO and owner of Cylinder Testing Solutions (CTS), a material testing company with eight US locations, focusing on Non-Destructive Testing for the high-pressure gas industry. He also leads Tensoric, Inc.’s accounting and finance team since 2013.

Since 2007, Bradshaw has consulted small business owners on various aspects including business structure, accounting systems, tax planning, finance, operations, and market opportunities. With a background as a CPA, he spent three years in public accounting before starting his first business. His experience with diverse small businesses led him to various consulting roles. Since 2004, Bradshaw has held multiple positions within companies as controller, operations manager, CFO, CEO, and investor. In 2014, he bought out partners from the testing service business.

An outdoors enthusiast, he enjoys snowboarding and backpacking with his wife. His credentials include a CPA license (Colorado, inactive) and degrees in Master in Business Administration, BSBA Management, and BSBA Accounting from the University of Southern Colorado.

Tom once again welcomes back our other favorite Tom, the Tom Luongo. Together they explore the significance of recent political events such as Supreme Court decisions, European elections, US presidential debates, and the Federal Reserve’s monetary policy. Luongo argues that these seemingly disparate events are interconnected parts of a larger strategic move by various forces within the United States and Europe. He expresses frustration with the media’s attempts to shift focus from crucial issues and calls for accountability from those in power.

Luongo discusses Trump’s mercantilist economic approach, potential political unrest in Europe leading to a sovereign debt crisis, and the complexities of understanding politics through examples like Thomas Massie’s appearance on Tucker Carlson and Julian Assange’s release from prison. Luongo also delves into the historical context behind global powers manipulating gold prices and weakening Russia, with criticism towards figures like Churchill.

Furthermore, there are discussions about the Chevron deference, its implications on power distribution between branches of government, and how Islamic eschatology might influence current political events involving Donald Trump. Luongo encourages listeners to maintain an open mind and seek diverse perspectives while acknowledging the complexities of understanding politics. Lastly he suggests several books like ‘Atlas Shrugged’ by Ayn Rand for gaining insight into these issues. A summary of recommended reading can be found below.

Time Stamp References:
0:00 – Introduction
1:39 – The Great Debate
6:30 – Orchestrated History
16:40 – Control & Premeditation
27:20 – Pres. Harris & Alternatives
43:18 – Powell & Trump Season 2
47:42 – ECB Cuts Vs. Powell
57:49 – Trump & Inflation
1:01:45 – Chevron Deference
1:08:10 – Impacts & Effects
1:16:18 – Islamic Eschatology
1:28:29 – Assange & Timing
1:32:07 – Mercantilism & Gold
1:45:40 – Recommended Reading
1:53:03 – Wrap Up

Talking Points From This Episode

Articles Mentioned:
https://naomiwolf.substack.com/p/investor-george-jarkesy-massive-scotus
https://www.zerohedge.com/political/former-prime-minister-reveals-why-uks-blob-must-be-destroyed

Faisal’s Interviews:
https://rumble.com/v54mx40-biden-trump-israel-and-the-end-of-times-with-tom-luongo-and-buna-capital.html
https://rumble.com/v4z3623-how-it-will-all-end-its-the-end-of-the-world-as-we-know-it.html
https://x.com/SNewmanPodcast/status/1805179022168744424

Recommended Reading:
Bug Jack Barron – Norman Spinrad
Now Wait For Last Year – Philip K. Dick
Do Androids Dream of Electric Sheep – Philip K. Dick

Guest Links:
Website: https://tomluongo.me
Twitter: https://twitter.com/TFL1728
Patreon: https://www.patreon.com/GoldGoatsNGuns

Tom Luongo is a Former Research Chemist, Amateur Dairy Goat Farmer, Anarcho-Libertarian, and Obstreperous Austrian Economist whose work can be found on sites like ZeroHedge, Lewrockwell.com, Bitcoin Magazine, and Newsmax Media.

Professionally, he has spent a lot of his waking hours inside various analytic laboratories testing your water and soil for contaminants. He watched an industry be created by government fiat and destroyed in the same manner.

He ran for Florida House once and got 2.7% of the vote on Guy Fawkes Day and says, “I’ve since grown up a lot.”

Then he spent 5+ years solving the puzzle of an electroless Nickel-Boron coating that has intriguing wear-resistance properties. Too bad, the coating was better than the company’s business model.

Today, he is the publisher of the Gold Goats ‘n Guns Newsletter, in which he attempts to connect the false narratives of geopolitics to viable long-term investment theses.

As for politics, his position is well-known through his past writings at Lewrockwell.com, Seeking Alpha, and the aforementioned erstwhile blogs.

To sum up:
“Individuals are the only people with enough knowledge about their own lives to have a hope of making the right decisions for themselves, and no amount of guidance or central planning can help that process along.”

He built the house he lives in and raises goats and milks them.

In short, he says, “I’m a libertarian who distrusts all human organizations larger than a two-handed game of poker.”

Lastly, He states, “I own a few guns.”