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85: Don’t ignore looming catastrophes… take action

85: Don’t ignore looming catastrophes… take action

FromSchiff Sovereign Podcast


85: Don’t ignore looming catastrophes… take action

FromSchiff Sovereign Podcast

ratings:
Length:
38 minutes
Released:
Jan 11, 2018
Format:
Podcast episode

Description

In today’s podcast, we discuss the recent crypto meltdown (led by Ripple) and how it plays into our recent theme of avoiding huge mistakes.

Here’s the thing about big mistakes… they’re usually obvious and avoidable.

Like when the Social Security Board of Trustees told the world in its 2017 report that the “Trust Fund reserves will be depleted by 2035”… and that an “immediate and permanent reduction” in benefits to all current and future Social Security recipients is a reality.

The government is telling you Social Security is running out of money. What are you doing about it?

Likewise this morning, when Bloomberg reported China (the world’s largest foreign holder of US Treasurys) is considering slowing or halting purchases of US government debt.

This would have potentially catastrophic financial implications… and it’s been a worry for a long time.

But most people simply ignore the possibility.

You can tune in here to learn about some of the big problems that are coming down the pipe and some simple steps you can take to prepare for them.
Released:
Jan 11, 2018
Format:
Podcast episode

Titles in the series (95)

James Hickman, a natural and entertaining teacher, combines data — he was a West Point math major — history, and international entrepreneurial and investment expertise to bring you a unique, easy-to-understand take on where the macro-trend hockey puck could go. Read more at www.sovereignman.com