Fri, 18 December 2020
Jason Hartman talks with Dan Ferris, the editor of Extreme Value and host of the Stansberry Investor Hour Podcast. Dan and Jason speak on subjects ranging from the broad economy to some of the conspiracy theories that might be ignored a little too much. Understanding the government’s role in the shifting economy and what the Fed is doing with each dollar can help one understand whether or not we are in a bubble. As well, how long can the stimulus work before it has no effect?
Land, gold, and art OR stocks, bonds, and cash? “You need to learn to preserve wealth outside the financial system,” Ferris said. Ferris and Hartman go in-depth discussing diversification and its importance versus playing it safe with multi-dimensional assets. Inflation, don’t predict it, prepare for it.
[2:00] Would our founding fathers have been called “conspiracy theorists with tin foil hats?”
[5:00] The government wins every election.
[6:00] Where is the economy going?
[7:45] The Fed doesn’t buy securities because they are saving up for retirement.
[11:15] Why might the stimulus stop working so efficiently?
[15:00] “This is the most insanely overvalued market in all of history.” - Ferris
[18:00] Nit-picking on Warren Buffet.
[21:00] Let’s talk about Bitcoin, Gold, and Silver.
[23:10] “Bitcoin is the hardest currency on Earth.” - Ferris
[30:00] Bitcoin, is 11 years long enough for people to start accepting it for commerce?
[32:45] Inflation is coming!
[34:00] Will there be a great reset?
[35:00] Don’t predict, prepare.
[36:45] Land, gold, and art OR stocks, bonds, and cash?