Podcast Episode #533: What They’re Not Telling You About the Economy: The K Shaped Collapse – Dr. David Phelps, Jeremy Knauff
Episode #533: Dentist Freedom Blueprint Podcast
What They’re Not Telling You About the Economy: The K Shaped Collapse – Dr. David Phelps, Jeremy Knauff
Today, I’m sharing a recent and powerful conversation I had with Jeremy Knauff, a friend and public relations and marketing expert, unpacking the dramatic shifts underway in the global economy and how everyday Americans can prepare. In this conversation, we make sense of macroeconomic chaos, including inflation, tariffs, the demise of the dollar standard, and the risks of a debt-fueled financial system.
We discuss how inflation acts as a stealth tax and how “helicopter money” has artificially propped up markets but exacerbated long-term problems. We delve into the history of our country and the decisions that have led to our current economic state, such as the issues arising after the US went off the gold standard in the ’70s. It’s important as Americans to increase our financial literacy, live within our means, invest in real assets (not just paper wealth), and build resilient networks in preparation for the volatile times ahead.
Minute Markers:
02:29 – Intro and topics covered in the episode.
07:20 – Hard times for the middle class and returning to Main St. vs Wall St.
09:47 – The economy is in a “K-shaped” recovery.
16:30 – Inflation, wages, the tough road ahead, and how to really see what’s going on in the economy.
24:55 – The need for Financial Literacy and discernment as a nation.
28:41 – Tariffs and the trade impacts David sees happening.
31:40 – US historical decisions and the aftereffects of going off the gold standard.
37:15 – Thoughts on Trump pausing the tariffs and the bond market.
40:25 – You can’t turn the economy around on a dime.
46:04 – Why there’s always a reversion to the mean in assets.
48:30 – Can the Fed do anything about the economics that are happening now?
54:18 – Handouts ultimately never work.
1:01:21 – The secular market cycles and big changes that are coming.
1:05:04 – What if war happens? The importance of continuing to negotiate for a better world.
1:07:50 – Ronald Reagan economy similarities.
1:16:00 – What should we be doing now with our own finances?
1:18:07 – Risks and opportunities in the down markets: Skillsets are key.
Featured on the Show:
Jeremy Knauff Website | YouTube
Newsmax – Gen Z is Right: Our Economy Doesn’t Work for the Majority of Americans Any Longer
Scaling Time vs Wealth Book
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In this episode, we finish up the second part of my interview with Rob Swanson and his eight rules of investing. (If you haven’t listened to part 1, be sure to go back and give that a listen before jumping into this one.) Today, we pick up where we left off, covering rules four through eight and talking about everything from decision-making to cash flow and risk reduction.
Listen in as Rob shares his incredible insight and experience in real estate and investing to give us a few rules that help make our decisions and investments more solid. You will hear about the importance of looking at margins before buying and what boxes need to be checked when it comes to predicting a solid income stream. Rob also discusses how to define and mitigate the different risks involved so that you can come out on top.
Alastair MacDonald is a private advisor to established entrepreneurs, investors, and business owners, as well as a TEDx speaker who lectures on economic, social, and financial forecasts. Join me today to hear part two of our conversation at the Freedom Founders Mastermind, where we dive into the concept of certainty, how to hedge against a volatile economy, and why the abdication model is no longer one that works.
Listen in to learn the reasons why Alastair is not worried about consumer price inflation (and what he’s really worried about instead) and why the 401(k) is not always the investment that it is made out to be. You’ll learn why he is most concerned about the issue of division and polarity in the Western world, why your business is your best asset in a volatile economy, and how you can maintain its viability to weather the most intense economic storm.
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