We now have historically high inflation. With the increased price of both food and fuel, people are having difficulty financing the things they need just to live their basic lives.

So, of course, the Fed has stepped up with repeated interest rate hikes. But all that has done is crush growth and create the worst-case scenario for the economy while driving us into an energy market disaster coming as soon as this winter.

So, what does the Fed need to do NOW? And when will things get worse?

Ph.D. Author Nomi Prins is a Wall Street insider and a leading authority on how the widespread impact of financial systems continues to impact our daily lives. She is the author of the best-seller, Collusion: How Central Bankers Rigged the World, in which she examines how the 2007-2008 financial crisis triggered a massive shift in the global order and the soon-to-be-released Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever.

On this episode of The Wiggin Sessions, Nomi joins me to discuss the Fed's inability to regulate the economy and her prediction of a watershed moment coming up this winter that will create a massive energy crisis.

Listen in to understand how Nomi's revenge on Wall Street is helping individual investors like us survive and thrive in the next crisis.

Key Takeaways

What is the Great Distortion between the financial markets and the economy

Why the energy crisis is back

Nomi walks us through her definition of Enron 2.0

How cheap money is contributing to inflation, fraud, and the coming disaster in the energy markets

How the Fed's two-prong approach to fighting inflation and the crisis in the real economy is just making things worse

Why the amount of debt we need to run the economy has doubled since the 2008 financial crisis

The Fed's role in inflating debt

Comparing Japan's debt crisis to where the US is right now

How the political 'flipping of the switch in the fossil fuel markets has created a gaping hole in energy and made everything worse

Why the energy crisis combined with the forcing of the energy transition and the Fed's incompetence is going to create a watershed moment (possibly this winter)

How investors can turn the energy crisis into an opportunity

Nomi Prins

Nomi on LinkedIn

Nomi on Twitter

Consilience Financial

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Rogue Economics

Distortion Insider

Nomi Prins—The Financial Distortion Between the Markets and the Real Economy EP58

"We do not just benefit from using and partaking of our humanity. We have a certain kind of divine and natural entitlement to employing our complement for the betterment of our human flourishing in a way that is consistent with the nature of our existence…"— James Poulos

The present-day power of digital communications technology is changing everything from politics to our identity in the most fundamental ways, compelling us to leave our humanity behind.

So, what can we do to turn this around and save the rights that we still have left?

James Poulos is the Executive Editor of The American Mind, the Claremont Institute's online publication devoted to driving the conversation about the ideas and principles that drive American political life. His most recent book, HUMAN, FOREVER The Digital Politics of Spiritual War, shows how the swarm of programs and devices unleashed by our leaders has transformed our lives and defied our dreams, throwing the future into a terrifying doubt.

On this episode of The Wiggin Sessions, James joins me to walk us through how the unscrupulous digital age and the drive towards socialization are attempting to destroy not just Western culture but also the very tenants of our humanity.

But there is hope. James says, "If enough of us kind of remember who we are, put one foot in front of the other, find each other and do what Americans have always done, which is associate freely and build institutions that work under the circumstances, I think we're going to be okay."

Listen in to understand why James thinks the time is NOW for Americans 'to take control and use these digital foundations to sidestep broken systems and create new institutions that serve us, rather than the other way around.'

Key Takeaways

Why the intersection of AI, social media, and digital communications is powerful enough to change the fabric of our very culture

James walks us through how the new media landscape is changing how we view everything from politics to ourselves

James defines what he refers to as 'surplus elites'

How the revolving door between the government and the Fed's overprinting of money is devaluing what's left of our constitutional rights

Why it's vital to prepare our children for the normal rites of passage and embed in them that being human is GOOD

How questions that can only be answered through theology are ushering in a return to religious sensibility in the US and abroad

James shares why it’s our ‘patriotic duty’ to take active responsibility for managing our digital lives in the fight for the future of not just America but humanity as we know it

How we can 'use digital foundations to sidestep broken systems and create new institutions that serve us, rather than making us serve them"

James on Twitter

Consilience Financial

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HUMAN, FOREVER The Digital Politics of Spiritual War The American Mind

Claremont Institute

"Civilization arises from the bottom; it doesn't come down from the top. When the government gets into the picture, civilization goes backward." — Bill Bonner

A small group of elites with very different interests from the mass population decides what the government will do.

And now, those elites have set their sights on regulating the 'very thing that makes it possible for 8 billion people to live on planet Earth'—energy.

The fallout could be the very thing that ends the American empire.

So, what can we do?

Bill Bonner is an American author of books and articles on economic and financial subjects. He is the founder of Agora Financial and a co-founder of Bonner & Partners publishing. He's the author of Financial Reckoning Day, A Modest Theory Of Civilization: Win-Win Or Lose, and many more titles, including a new (yet to be titles) book to be released this fall. 

On this episode of The Wiggin Sessions, Bill joins me to share his insight on the cornerstone that civilizations are built on and why the current economic situation in the US is bigger than macroeconomics.

Bill shares how more legislation always leads to across-the-board losses and how power always corrupts (and destroys) successful empires.

Listen in to understand why Bill thinks we're on the verge of a major agricultural and energy crisis catastrophe and how to protect yourself and your family during these times of high calamity.

Key Takeaways

Bill shares the critical date in history that is the cornerstone of civilization

Why over legislation make everyone poorer

Bill shares how the period we're in right now is being misinterpreted in the market

The only thing the FED can do to control inflation

Why the economic situation we are in now is bigger than macroeconomics.

How "fashionable" changes have created an economy that no longer works

Why the elites have a parasitic interest in controlling society

Who is really winning with the sweeping climate bill (hint: it isn't the trees)

How the high cost of regulations has depleted the US economy

Why Bill thinks the decisions made by government bureaucrats will lead to a major agricultural and energy crisis catastrophe

The most important thing to do during times of high calamity

Bonner Private Research 

Consilience Financial

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Agora Financial

A Modest Theory Of Civilization: Win-Win Or Lose

The New Empire of Debt: The Rise and Fall of an Epic Financial Bubble

Bill Bonner—Safe Havens and A Modest Theory of Civilization - EP02

Byron King—The Danger in Weaponizing the US Dollar EP48

In the US, we have budget deficits, trade deficits, high debt to GDP ratios, and out-of-control spending coupled with political dysfunction and a borderline civil war.

Everything is bad.

So, why is the dollar still so strong?

Jim Rickards is an American investment banker, lawyer, economist, op-ed contributor, and author. His books include, The New Great Depression: Winners and Losers in a Post-Pandemic World,  Currency Wars: The Making of the Next Global Crisis, The Death of Money: The Coming Collapse of the International Monetary System, and now available for pre-order, Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy.

Today on The Wiggin Sessions, Jim joins me for Part 2 of our conversation. We discuss the difference between a recession and a depression and where the US is headed.

He'll walk us through the two types of inflation and why the Fed's interest rate increases will only serve to deepen our recession pain.

We discuss the key to the US dollar's strength and the signs he's seeing that indicate we're headed for a global liquidity crisis.

Plus, he shares a new product to help individual investors understand how markets work to improve their investment strategies.

Key Takeaways

Jim walks us through the difference between a recession and a depression

How the private National Bureau of Economic Research uses the two-quarter declining GDP rule to declare a recession

Why growth below trend is the mitigating factor for a depression

Why Jim thinks the trend of depressed growth and lost wealth has had us in a depression since 2007

Why the printing of money is not what's causing our inflation

Why the dollar looks like a safe haven when everything else is falling apart in inflationary periods

Why securities collateral is the key to the dollar's structure and strength

Why 'credit wariness' is the first sign of a global liquidity crisis

How the power of the dollar could cause banks to miss a collateral call (sending us back to 2008 or worse)

The difference between demand-pull and cost-push inflation

The two things that are always true in a 'supply shock' cost-push inflation situation

Why demand-pull inflation is almost always phycological

How high prices decrease demand and‌ lower prices

Why the Fed's current demand-destroying policies will deepen our recession (and cause unemployment to go through the roof)

Paradigm Press

Jim on Twitter

Jim on Facebook

Consilience Financial

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Jim Rickards’ Countdown To Crisis

Jim Rickards’ Strategic Intelligence

Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy

The Death of Money: The Coming Collapse of the International Monetary System

Jim Rickards-Democracy, Cryptocurrencies, and Global Control-EP40

Jim Rickards – Insider Reveals Predictions and Opinions About The Great Reset, Global Elite, And The Potential Coming Chaos - EP17

In the 30s, scholars and policymakers concluded that the Versailles Treaty that ended World War I was one of the prevalent causes of World War II.

Before World War II was over, U.S. President Franklin D. Roosevelt and British Prime Minister Winston Churchill were looking past the war to focus on establishing an international monetary system.

Still, today there are a lot of misconceptions, even among people who follow monetary history, about how the exchange theory system worked.

Jim Rickards is an American investment banker, lawyer, economist, op-ed contributor, and author. His books include, Currency Wars: The Making of the Next Global Crisis, The Death of Money: The Coming Collapse of the International Monetary System,and now available for pre-order,  Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy.

Jim joins me on this episode of The Wiggin Sessions to share his knowledge about pre and post war currency standards, the Bretton Woods system, and why the US dollar was pegged as the international currency. Plus, what happened to end the gold standard in 1971. Join me for Part 2 of my conversation with Jim for a look at the difference between a recession, a depression, and a financial crisis and why the US dollar rallies during inflationary periods (like the one we are in now.)

Key Takeaways

Jim shares the background and the forty-four nations that met at the Mount Washington Hotel to participate in the Bretton Woods Conference.

Why the US dollar was pegged as the international currency

A look at the 3 Bretton Woods institutions: the IMF, the World Bank, and the World Trade Organization that still operate today

How trade deficits led to a run on Fort Knox and the depletion of the US gold stores

How the Smithsonian Agreement devalued the US Dollar

Paradigm Press

Jim on Twitter

Jim on Facebook

Consilience Financial

Be sure to follow The Wiggin Sessions on your socials. You can find me on—

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Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy

The Death of Money: The Coming Collapse of the International Monetary System

Bretton Woods Conference

Jim Rickards-Democracy, Cryptocurrencies, and Global Control-EP40

Jim Rickards – Insider Reveals Predictions and Opinions About The Great Reset, Global Elite, And The Potential Coming Chaos - EP17

The Communist Manifesto was published in 1848 and has served as a guide for those who want to centralize and control others for years.

But it's time to change the script on this old and destructive ideology.

Mark Moss and Aleks Svetski are doing just that with their new book, The UnCommunist Manifesto: A Message of Hope, Responsibility and Liberty for All.

On this episode of The Wiggin Sessions, Mark and Aleks join me to discuss their inspiration for writing The UnCommunist Manifesto, describing how Marxism justifies entropy and entitlement and what may have influenced Marx’s worldview.

Mark and Aleks explain why capitalism must be stripped from politics entirely and offer insight around money as a communication of value.

Listen in to understand why Bitcoin is such an important, world-changing innovation (despite its volatility) and learn how we can promote a system of dynamic inequality that holds people accountable for the decisions they make.

Key Takeaways

What inspired Mark & Aleks to write The UnCommunist Manifesto

How Marx defined communism and the 10 principles of Marxism

Stasis vs. dynamism and what makes capitalism a dynamist process

Why capitalism must be stripped from politics

How Marx and Adam Smith drew opposite conclusions (despite having a similar training)

How Marxism offers an academic justification for entropy and entitlement

The disconnect between Marx’s ideas of political freedom and economic control

How politics is a way to determine how to operate economically

The idea of dynamic inequality and why it’s essential for people to move both up and down through the classes based on their decisions (not just up)

How Mark and Aleks define money as a communication of value

What makes Bitcoin such an important, world-changing innovation

Alek’s insight on the volatility of Bitcoin and its pricing in dollars

UnCommunist

Charts from The UnCommunist Manifesto

The UnCommunist Manifesto: A Message of Hope, Responsibility and Liberty for All by Mark Moss and Aleksander Svetski

Mark on YouTube

Aleks on Medium

Consilience Financial

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5 Minute Forecast

The Communist Manifesto by Karl Marx and Friedrich Engels

Jordan Peterson

Lenin’s Commanding Heights of the Economy

Austrian Economics

Biden’s $80B Funding Boost for the IRS

What Is Money Podcast

Human Action: A Treatise on Economics by Ludwig Von Mises

Do you want oceanfront property, but the prices at the coasts here in the US make it out of reach?

Post-Pandemic, there is a mass exodus from the big cities. People are fleeing their cubicles in search of a digital nomad lifestyle and new places to call home.  And opening our eyes to an opportunity to expand our horizons—internationally, that is.

Whether you're a real estate investing pro or a novice, my guest has a solution.

Internationally, real estate developers need cash, and the investments are ripe for those willing to take a chance and invest in places that favorably compare with the most expensive destinations in the US, all with a lower price sticker.

Ronan McMahon is a global real estate scout, best-selling author on Amazon, and editor of Real Estate Trend Alert (RETA). He's spent the past 15 years scouting out properties for his subscribers in such locals as Latin America, Costa Rica, and Portugal, where prices are affordable, and the views are million dollar. Ronan has appeared in such publications as Forbes, The New York Times, and International Trend Alert.

Ronan joins me on this episode of The Wiggin Sessions to share why NOW is the best time to invest in real estate internationally, even while US interest rates are going through the roof. Listen in as he shares his top pick destinations and deals on unique properties you can get through RETA at lower prices than going through the retail market. Plus, where he's currently spending his real estate investment money.

Key Takeaways

Ronan shares how he founded Real Estate Trend Alert in 2008 when everyone else was losing their shirt

How to live in the most beautiful places in the world at a fraction of the US cost

An inside look at what's driving the international real estate market

The lifestyle decision investment that paid Ronan huge financial dividends

Why Ronan focuses on using group buying power to enjoy capital appreciation

How the current global market compares to what happened in South Florida in the 70s and the 80s

Why long-term yields of 15% for international blue chip real estate are so attractive (compared to the higher taxed US 4%)

Why Ronan believes the fragile moment we're in will further accelerate international real estate trends

Ronan shares how the current era of scarcity is restricting the international real estate supply

Ronan takes us through some hacks that allow him to parlay his group buying power into below-market deals

He shares examples of opportunities in a Costa Rica Blue chip destination (luxury condos for less than 4M)

Ronan shares what the international buying experience is like for the consumer or investor

How interest rates are increasing demand for limited supply international deals

Why smart developers and savvy land buyers love Ronan's low-risk business model

Ronan walks us through the 250K increase on his Cabo San Lucas investment property (and the outrageous rent he makes when he’s not using it)

How member buying power changes the financial equation through de-risking real estate projects

The enormous benefits for individuals investing internationally rather than in US coastal areas

How Ronan uses his negotiating power to get his readers prices on real estate unavailable to the individual

Ronan shares his current favorite investment location where demand is growing (but you can still get in at ground floor pricing)

Ronan shares the 2 biggest reasons why NOW is the time to get into international real estate

Ronan McMahon

Ronan on LinkedIn

Consilience Financial

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Try Real Estate Trend Alert for 90 Days, 100% Risk-Free

Ronan McMahon—Investment Opportunities in Real Estate Around the World EP22

Ronan McMahon—Millennials! The World Is Your Beach EP05

PROFIT PRINCIPLE: AN INSIDER'S GUIDE TO DOUBLING YOUR MONEY IN REAL ESTATE OVERSEAS

"A bear market and a recession… are very different. We're in a bear market right now. As an investor, you can make a difference with your overall wealth by understanding what areas vulnerable and what areas can profit as these new changes take place in our economy."—Zach Scheidt

Bear markets are challenging to work through, but they can create much more wealth if you know how to deal with them.

Zach Scheidt has a solid history of identifying oversized payout opportunities. He is the editor of a library of investment advisories, including Rich Retirement Letter and Lifetime Income Report, and the author of Big Book of Income. A former hedge fund manager, the growth of his own family, sparked him to change his career and invest in his passion for helping families grow their wealth so they can focus on the things that really matter.

Zach joins me on this episode of The Wiggin Sessions to share his pillars of successful income investing, so you always have cash coming into your account during this time when extra funds are needed to deal with the recession.

Listen in as he shares his top investment strategies for investing right now so you can generate extra income from the market and grow your wealth as we exit this economic slump.

Key Takeaways

Zach shares what happens to blue chip dividend stocks in the face of a recession during a bear market

He shares why understanding the overall economy is the key to making the right moves in your investments to increase your wealth

How bear market rallies impact dividend stocks

Why human nature is the driving force during bear market rallies

The false signals in speculative stocks that can lead to big money losses

Why the strength of the US dollar is debilitating profits for US companies doing business internationally

Why investors should focus on American-made and sold products

Why net interest income (NII) makes healthy regional banks like SunTrust so appealing right now

How retailers like Walmart and Target botched first two quarters of the year are leading to big payoffs for deep discount stores like TJ Maxx and Dollar General Connect with Zach Scheidt

Zach Scheidt

Zach on LinkedIn

Consilience Financial

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Big Book of Incom

Rich Retirement Letter

Lifetime Income Report: Your Exclusive Dividend Retirement Guide

Your Guide to New SEC Rules

It’s a Bargain Buy (and You’ll Hate It!) on The 5 Min. Forecast

"We live in a flawed democracy that's under assault by people who are warping our democracy for their own ends… [taking] from us things that are pretty basic to living in a society, like health care, education, and the prospect that you can make a decent living."—Peter S. Goodman

Why is the US government unable to afford the basics, like health care and education, that other developed countries can?

Is it because it's starved of resources because we don't tax the rich?

My guest thinks so.

Peter S. Goodman is an award-winning global economics correspondent for The New York Times. He began his work there in 2007 as a national economics correspondent covering the global financial crisis and the Great Recession. He's the author of Past Due: The End of Easy Money and the Renewal of the American Economy and the newly released, Davos Man: How the Billionaires Devoured the World.

Peter joins me on this episode of The Wiggin Sessions to discuss his book and his belief that campaign contributions and lobbying by the wealthiest people in the world led to the dismantling of every conceivable kind of public infrastructure in this country.

Peter says, "My book, actually, doesn't demonize billionaires. It demonizes the absurd idea that we should entrust billionaires to solve all of our problems."

Listen in as Peter shares the three things he believes are the key to solving many of our problems.

Key Takeaways

How Peter came to see that the removal of economic opportunities caused by the transfer of wealth led to these extremist populist movements

Peter shares how he came to see into the window of the thinking of the billionaire class

What the statement "the CEOs are the heroes of the pandemic" revealed about the power of the billionaire class

Why Peter thinks we need to return to a post-WWII democracy, where people had more input into the type of lives they wanted

Why Peter believes that billionaires paying fewer taxes than the people who scrub their toilets is robbing the government of the money needed to upgrade our resources

Why the US cannot afford the things that other developed countries where they tax rich people can

Peter shares why he believes more substantial labor rights, more vigorous anti-trust enforcement, and progressive taxation are the key to solving a lot of our problems

Peter S. Goodman

Peter S. Goodman on The New York Times

Consilience Financial

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Davos Man: How the Billionaires Devoured the World

Past Due: The End of Easy Money and the Renewal of the American Economy

Jim Rickards - Democracy, Cryptocurrencies, and Global Control EP40

Share the Wiggin Sessions on Apple Podcasts

"If you look at the Wilshire 5000, they've lost more value… in the last three months than in the last 30 years of corrections combined. 45% of the companies in the S&P 500 have hit 52-week lows. Only one time in the history of America has the 235-year-old 10-year Treasury had a worse session. When you add up these indicators, 100% of the time, you're in a recession within 12 months.… but don't underestimate the strength that America has today." — Marin Katusa

Even with high employment rates, we have a recession and inflation above what was expected. Here in the United States, it's no doubt we're witnessing a severe market decline.

But my guest today, who is often called a genius by investors I respect, says, "there are problems everywhere globally, but as an investor, never underestimate the rule of law and the US to maintain a viable government."

Marin Katusa of Katusa Research has spent the past 20 years traveling and investing in oil, gas, and alternative energy, becoming the go-to resource for the world's top natural resource entrepreneurs and investors. When you look at his track record, it's easy to see why. Marin is the New York Times Bestselling Author of The Colder War: How the Global Energy Trade Slipped from America's Grasp and the recently released Amazon Best Seller, The Rise of America: Remaking the World Order.

Marin joins me on this episode of The Wiggin Sessions to discuss what happens in a recession, why the US dollar rises when other currencies go down, and why he thinks America will be leading the way in the remaking of the world order.

Listen in as Marin shares his tips on the wrong way to invest and his insight into how to do your homework, reduce your risk, upgrade your portfolio, and make your fortune during this recessionary market. Plus, he shares his 'invest like an alligator' philosophy that can help you evolve and survive during a recession.

Key Takeaways

Marin shares the thesis of his book, The Rise of America: Remaking the World Order

The #1 place to position yourself to take advantage of the strength of America

The domino effect caused by the rate of exchange and the primary currency 

The fundamental difference between investing in the American dream and investing anywhere else

Why Marin keeps most of his investments in the US

Why copper is the new oil

Marin shares why the American can-do attitude always pays dividends in the long run

Why Utah is primed to be the highest producing goldmine in the world

Why adding technology to an existing market is the secret to getting a grand slam in the investment world

Why the politically driven German energy crisis is critical for all of Europe

The supply issue that's depleting the hope of nuclear energy

Why Warren Buffett and the other most successful investors in the world buy in the echo

Why it's vital to keep your dollars invested where "money is respected, and the rule of law is expected"

Why Marin believes the newsletter "new idea" investment strategy is the worst way to invest

Why, despite the media's lack of optimism, Marin still believes in the American dream

Marin shares his 'invest like an alligator' philosophy to survive a recession. 

Where Marin thinks you should bet big in the post-bubble rally

Katusa Research

Consilience Financial

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The Colder War: How the Global Energy Trade Slipped from America's Grasp

The Rise of America: Remaking the World Order

The Psychology of Totalitarianism” by Mattias Desmet

Justin Huhn—Options for Investors in Uranium and Nuclear Energy EP60

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