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747: Jerry Robinson's Financial Fitness Wake-Up Call

747: Jerry Robinson's Financial Fitness Wake-Up Call

FromMind Pump: Raw Fitness Truth


747: Jerry Robinson's Financial Fitness Wake-Up Call

FromMind Pump: Raw Fitness Truth

ratings:
Length:
111 minutes
Released:
Apr 12, 2018
Format:
Podcast episode

Description

In this episode Sal, Adam & Justin speak with economist, investor and best selling author, Jerry Robinson. While Mind Pump's focus is primarily on physical fitness, financial fitness is an area you should not ignore. There is a very good chance that much of what was discussed in this fascinating episode will be new information to you unless you pay attention to the world of finance. This could very well be the information you need to protect you and your family in the future. The book changed my life. Jerry shares his background, religious upbringing and the moment that sparked his passion. (4:44) Economists rule the world. Where did his knowledge come from? (6:24) The Gold Standard. He explains the concept in great detail and its impact on the US dollar. (9:14) Automatic increase in demand for the US dollar. The golf ball scenario, creation of the petrodollar system and its connection to our allies. (18:15) The death of Britain and rise of United States. The origin story of the Federal Reserve and how money is debt. (26:25) Breaking free from the consumption trap. How the richer we get in America, the more we tend to buy not produce. (36:40) Faith in currency goes down, alternative methods go up. The recent rise of cryptocurrency/bitcoin, the pros/cons and should you invest in them. (40:38) How economists lie with numbers. He explains the indicators to look at when it comes to how our economy is doing. (52:15) Student loans and interest rates bubble. He gives his opinion on the default mindset to go to college, in a market economy, and alternate methods to look at. (58:00) The only way to pay it off is with more debt. The explanation of the US National Debt and who this money is owed to. (1:06:00) How to identify what cycle we are at. Does he believe we are due for a crash? (1:14:53) All of them are playing the rigged game. What Presidents, in his opinion, have contributed the most to our National Debt? (1:19:25) You cannot get away with not sacrificing. The greatest lessons we have learned. (1:21:53) You have got to have a plan; the government will not take care of you. The need to develop multiple streams of income and tips on how to prepare for the future. (1:33:24) What companies fascinate/excite him? (1:45:00) Final thoughts and where does he see AI playing a part into the economy? (1:47:30) Related Links/Products Mentioned: Join his special group Gold standard Fiat money Preparing for the Collapse of the Petrodollar System U.S. National Debt Clock : Real Time Federal Reserve Bank Why does the Federal Reserve fear a real audit? - New York Post DHS and FBI detail how Russia is hacking into U.S. nuclear facilities and other critical infrastructure CoinDesk - Leader in blockchain news Tron Cardano - Home of the Ada cryptocurrency and technological platform The Untold Story of Silk Road, Part 1 | WIRED The Untold Story of Silk Road, Part 2: The Fall | WIRED U6 Unemployment Rate The government says unemployment fell to 4.3% in May, but here's a more realistic rate Fractional Reserve Banking Gary Cohn Says He Will Resign as Trump’s Top Economic Adviser Eisenhower warns us of the military industrial complex. – YouTube President Trump’s Schedule for His First Foreign Trip Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! – Book by Robert T. Kiyosaki What is a Roth IRA—and Why do You Need One? Featured Guest/People Mentioned: FollowTheMoney.com - We Follow Trends, Not Opinions Jerry Robinson (FollowtheMoney.com) (@FTMDaily) Twitter Bankruptcy of Our Nation – Book by Jerry Robinson Franklin D. Roosevelt Lyndon B. Johnson Richard Nixon Donald J. Trump (@DonaldTrump) Twitter Barack Obama (@barackobama) Instagram Jesse Lauriston Livermore Dwight D. Eisenhower Would you like to be coached by Sal, Adam & Justin? You can get 30 days of virtual coaching from them for FREE at www.mindpumpmedia.com. Get our newest program, MAPS HIIT, an expertly programmed and phased High Int
Released:
Apr 12, 2018
Format:
Podcast episode