Stansberry Investor Hour-logo

Stansberry Investor Hour

Business & Economics Podcasts

From financial markets and politics to business and social issues, Dan Ferris and our Stansberry Analysts offer candid discussion on today’s most important headlines. Each week you’ll hear exclusive interviews with guest investment experts, authors, and top thinkers such as Jim Rogers, Kevin O’Leary, Glenn Beck, PJ O’Rourke, and Jim Grant. The Stansberry Investor Hour is produced by Stansberry Research, LLC.

Location:

United States

Description:

From financial markets and politics to business and social issues, Dan Ferris and our Stansberry Analysts offer candid discussion on today’s most important headlines. Each week you’ll hear exclusive interviews with guest investment experts, authors, and top thinkers such as Jim Rogers, Kevin O’Leary, Glenn Beck, PJ O’Rourke, and Jim Grant. The Stansberry Investor Hour is produced by Stansberry Research, LLC.

Language:

English

Contact:

888-261-2693


Episodes

Don't Let Your Ego Drive You to Make Bad Decisions | Harley Bassman

2/14/2024
Dan and Corey kick things off by discussing bitcoin hitting a new multiyear high. They also critique a popular bullish argument for bitcoin, which is based off the U.S. dollar collapsing. After, they talk about the S&P 500 Index surpassing 5,000 for the first time ever and whether this level is sustainable in the long term. (0:40) Next, Harley Bassman of Simplify Asset Management joins the conversation and explains a concept called "convexity." He covers the three kinds of risk in bond investing, why short convexity is always lurking during market downturns, and why negative convexity is so difficult for investors to process. (24:53) Harley also goes into detail on mortgage-backed securities funds. He describes what mortgage bonds are, why they yield more than corporate bonds, and how the Federal Reserve plays a huge role in all of this. (32:20) Lastly, Harley talks about Simplify and how it offers a unique service by jamming derivatives of all kinds (futures, options, etc.) into ETFs so civilians can invest in them. He also discusses what it was like working at Merrill Lynch during the great financial crisis, gives general investing advice, and explains what pin risk is. (48:55)

Duration:01:12:08

It's Time to Upgrade Capitalism

2/5/2024
Dan and Corey kick off the show by discussing debt spirals, death spirals, their effect on things like GDP and economic growth, and the increasing reliance on debt spending. They point out that the U.S. government's annual interest payment on debt will soon surpass the budget for national defense. Dan also speculates that the government is using illegal immigration as a means to depress wages. (0:41) Next, crypto expert Eric Wade joins the conversation by discussing his current thoughts on the crypto market as a whole. He notes that the U.S. just approved bitcoin spot ETFs, which will allow investors to profit from bitcoin without actually holding the token. He also brings up the bitcoin halving that's happening this April, AI's role in crypto, and how crypto is being used to solve real-world problems. Eric briefly name-drops two such cryptos that have real- world applications today. (22:08)After, he goes into detail on his new book called America vs. Americans: How Capitalism Has Failed a Capitalist Nation and What We Can Do About It. This book focuses on American "laborism," the shortcomings of our current capitalist system, and how all of this could be improved. Eric describes that government, economics, and politics are a lot closer together than they should be. He explores the history of capitalism and talks about the glaring flaws of the economic system that preceded it – mercantilism. (35:30) Eric then transitions into talking about laborism and how it could be an upgrade from capitalism. He spends the rest of the episode detailing how it could pull millions of folks out of poverty, why it would be so closely tied to education, and the fact it would call for a hard currency and a smaller government with less government intervention. As he explains, it could solve many of the country's problems. (42:35)

Duration:01:32:02

Successful Trading is the Antithesis of Human Nature

1/29/2024
Dan and Corey begin the show by discussing evidence that we're still in a bear market. They bring up equal-weight indexes fizzling out since December, the now "Magnificent Six" tech stocks still dominating, and the possibility of a decade long sideways market. After, contrarian trader Jason Shapiro of digital publishing company Crowded Market Report joins the conversation and gives an overview of his trading style, his financial journey, and how his strategy differs from many other traders'. While others are looking to ride the trend, Jason explains that he's looking to "fade" it and find when the trend will turn. When speaking specifically about putting the risk-reward ratio in his favor over time, he says the discounting mechanism in the market is not price – it's participation. This segues into a discussion about how Jason's process works. He gives advice to individual investors who are just starting out, including warning of the dangers of following trends and "copy trading." He also details how trading goes against human nature. Then, Jason discusses automation in his field of work – when he uses it and when he ignores its advice – and provides some examples of his strategy in action. He emphasizes that market confirmation should always come first Lastly, Jason explains why he's so adamant about sharing his approaches and techniques with everyday investors that they can't find in traditional financial media. And you won't want to miss Jason's answer to the final question... He shares what he believes is the real secret behind making money in the markets.

Duration:01:09:54

The Easiest Way to Rank Almost 5,000 Stocks

1/29/2024
Dan and Corey kick things off by discussing Argentine President Javier Milei's incendiary speech at the recent World Economic Forum in Davos, Switzerland. They start by quoting some passages from it and covering the main themes – from the negative consequences of government intervention to potentially abolishing the central bank. After, they talk about why this type of rhetoric from a politician would never fly in the U.S., even though it reflects a lot of people's feelings. Next, Stansberry Research Director of Research Matt Weinschenk joins the conversation and elaborates on what type of investor he considers himself to be. He brings up value investing, the importance of bottom-up business-quality analysis, and how he uses quantitative tools to find the best businesses. Matt then explains the "Stansberry Score," which ranks nearly 5,000 stocks from first to last. It assigns each stock both an overall number and letter grade, plus letter grades for financials, capital efficiency, and valuation. Investors can use it to check ratings on stocks they may be interested in, or they can use it to find hidden gems. If you're interested in learning more about this tool and trying it for free, you can check it out at StansberryAnnouncement.com. Matt also goes into detail on The Quant Portfolio. This new portfolio is fully optimized and uses Stansberry Score data to evaluate each stock. Entirely using computers and algorithms, it looks at the relationships between each stock and picks out the best ones that will work together to provide the highest returns. And so far, it's blowing the market out of the water! Matt emphasizes that in the past two years of live testing, The Quant Portfolio is up 20%, while the market is only up 5. Lastly, Matt talks all things econometrics – what it is, whether it's worth studying, and its interplay with machine learning.

Duration:01:07:01

Get Ready for Volatility warns Greg Diamond

1/16/2024
Dan and Corey kick off the show by discussing car-rental company Hertz selling one-third of its electric-vehicle ("EV") fleet and planning to reinvest in gas-powered cars. They talk about the reasons for this move, why EVs might not be a popular choice as rentals, signs that oil and gas companies are still thriving, and how the green-energy transition could lead to higher inflation. Next, welcome Stansberry Research analyst Greg Diamond joins the conversation and analyzes the current volatility in the markets. He explains that investors and the financial media believe the Federal Reserve has beaten inflation and is going to start cutting rates soon. But as Greg notes, the opposite is most likely to happen. He also goes into detail on his study of cycles. Then, Greg predicts important inflection points for 2024, describes how legendary trader W.D. Gann influenced his trading strategy, and explores the potential ramifications of the Fed ending its bank lending program in March. He also details why he'll be trading sectors for the first half of the year rather than individual stocks. Lastly, Greg talks about correlations between the S&P 500 and specific exchange-traded funds. He assesses what it means for the markets when divergences happen and how extreme volatility leads to great buying opportunities. As Greg sums things up, "I think it's going to be a rough ride for bulls and bears."

Duration:01:14:50

Don't Place all Your Chips on One Outcome

1/8/2024
Dan and Corey begin the show by discussing Disney. They cover the company's ongoing proxy battle with Nelson Peltz, its recent deal with activist investor ValueAct Capital, the negative impacts of its "wokeism," the new Star Wars director's controversial past comments, and whether the stock is worth buying today. (0:40) Next, Jeff Muhlenkamp joins the conversation and gives his reaction to a "surprising" 2023. Plus, he talks about what's in store for the markets this year, why it's unclear whether we're headed for a recession or not since, and how you should structure your portfolio to protect you no matter what happens. (26:23) Then, Jeff explains what he learned from the great financial crisis in 2008 and how he applies it to his investing strategy today. He gives investors advice on everything from keeping some cash on hand to handling stocks that soar quickly. (35:40) Lastly, Jeff discusses regional banking (44:00), two notable stock buys (46:47), and his process for picking stocks (51:31). He details which metrics he looks at, why financial newsletters are good places to look for ideas, and how to know when to exit a stock.

Duration:01:10:18

The Top 10 Potential Surprises for 2024

1/3/2024
Dan Ferris and Corey McLaughlin kick the episode off by reviewing their list of Top 10 Potential Surprises from 2023 and seeing if any of the surprises materialized. Included in this list was what could happen to the S&P 500 Index, meme stocks GameStop and AMC Entertainment, inflation, bitcoin, mortgage rates, and gold. (0:32) After, Dan and Corey share their new list of potential surprises for 2024... Magnificent Seven perform poorly (9:38) S&P 500 negative annual return (13:16) Rate cuts (15:58) Gold hits $3,000 (19:15) Bitcoin falls 50%-plus (24:04) PCE at 4% (28:08) Donald Trump presidency (31:51) Nasty recession (37:27) 10-year yields above 4% (42:15) S&P 500 drops 20% in a single day (44:52

Duration:01:00:17

Stansberry Investor Hour's 2023 Year in Review - Mailbag Edition

12/27/2023
On this week's special mailbag episode of Stansberry Investor Hour, Dan Ferris and Corey McLaughlin are answering some of the most interesting questions they've received in recent weeks from subscribers. They tackle everything that has been on your mind – and a few things that you probably haven't even considered. Dan and Corey kick things off with questions about whether the green-energy movement and threats to eliminate fossil fuels will boost the price of oil... the broken housing market in the U.S. and what it means for homebuilders... nuclear energy's potential as a big source of power in America... and where uranium prices are headed next based on the supply-and-demand picture. Next, Dan and Corey address a listener who hates that they let the cat out of the bag on the upside in farmland... and respond to another listener who wants them to talk more about specific stocks and less about the Federal Reserve. Plus, Dan and Corey answer questions about political correctness, the love of money being the root of all evil, how to profit from war, and why they prefer U.S. Treasurys to money-market funds. Finally, Dan and Corey discuss the threat the high national debt level poses for the U.S., the development of BRICS (Brazil, Russia, India, China, and South Africa) as a geopolitical and economic power, and whether the U.S. losing its world reserve currency status would really be such a bad thing.

Duration:00:51:46

How to Avoid Losing Your Mind in the Market with Hari P. Krishnan

12/19/2023
Dan and Corey kick off the podcast by discussing 2023 as a whole. They talk about the Dow Jones Industrial Average hitting a new all-time high recently and investors looking forward to the Federal Reserve cutting rates. Plus, they go over what they're bullish on for 2024 – including homebuilders, bitcoin, and energy, among others. Next, author and hedge-fund manager Hari Krishnan joins the podcast to discuss his toolbox of strategies for profiting after a market sell-off. He notes that there are times that are great for buying credit, while other times aren't so good. And the same principle applies to other areas of the market as well, like with volatility. The conversation then shifts to how the average investor could utilize Hari's strategies. He gives a few examples of what to do in different scenarios. And he especially emphasizes the importance of having a plan. Further, Hari details how he assesses and categorizes risk. He describes why he looks at consistency across different asset classes and how this helps him find winning investments. Plus, Hari talks about the cycles of volatility, using equities as an example. He explains that risk taking drives the market upward, which leads to even more risk taking. It then becomes a vicious cycle that feeds on itself until it breaks. Finally, Dan asks Hari for his opinions on the S&P 500 Index's recent rally. Hari brings up the fact that there are currently high levels of complacency in the markets, and he argues that now is a great time for investors to think about hedges for their portfolios. He finishes by urging investors to look beyond the U.S. stock market and to broaden their opportunities with other asset classes.

Duration:01:14:57

Why Companies Are Afraid of Being Politically Correct with Whitney Tilson

12/12/2023
Dan and Corey kick the show off by discussing the newest unemployment number and its implications for inflation, rate cuts by the Federal Reserve, the stock market, and the future of the economy. They speculate that this unemployment rate could result in the Fed putting off rate cuts for even longer. Next, Whitney joins the conversation by discussing the "Magnificent Seven" tech stocks and explains why he thinks smaller-cap, more value-oriented stocks will be driving the markets next. He also compares Tesla CEO Elon Musk's "rampant narcissism," "bro culture" at the company, and antisemitic tweets with exemplars like Warren Buffett and Charlie Munger. This leads to a discussion about how cultural differences affect businesses. Whitney brings up Anheuser-Busch's Bud Light ad campaign with a transgender influencer and Disney fighting Ron DeSantis' controversial bill in Florida. He shares why he thinks companies are "running pretty darn scared these days" after seeing both those iconic businesses suffer for taking political stances. Then, Whitney talks about his Top 10 list. He details why Berkshire Hathaway continues to be such an attractive opportunity today and why it's the perfect foundation for any portfolio. And he also emphasizes that we are no longer in a TINA world, or "there is no alternative." Finally, Whitney gives his opinion on what he thinks the Fed will do next in terms of interest rates and what the potential outcomes could be. You also won't want to miss his answer to Dan's final question, where he explains why it's crucial to limit the amount of "partisan and polarized" information you're consuming in traditional media, since it could be affecting your investing choices.

Duration:01:13:26

It's About to Be 2008 All Over Again

12/4/2023
Dan and Corey start by remembering Charlie Munger, reviewing his career and legacy. Plus, they cover Elon Musk's recent remarks against Disney, the chances of X (formerly known as Twitter) going bankrupt, and Musk's efforts to bring free speech to the platform. (0:40) Next, Joel and Rob join the show to discuss the narrative around a soft landing, the rolling- recession "nonsense," and investors getting lulled into a false sense of confidence and believing everything is fine in the markets. Joel details the macroeconomic signals that are flashing globally – from China's failings dragging the world down to hyperinflation and recession in multiple Latin American countries. Joel explains why he and Rob have recently made a major change in their forward market outlook. (26:18) Rob adds that another reason for their bearishness is the current credit environment. Credit is the lifeblood of the American economy. But now, it's disappearing. And according to Rob, that will further hurt economic growth. Plus, Joel explains that this same setup happened at the beginning of the great financial crisis. (34:21) The conversation then shifts to Fed Chair Jerome Powell's devotion to lowering inflation to 2%, the reality of "structurally higher" inflation, and how high interest rates are leading to massive investing opportunities in near-term cash-flow companies. (38:37) Finally, Joel and Rob discuss the bond market and why they find it so attractive today... give their opinions on "terrifying" business development companies... and analyze the Fed's next moves in regard to unemployment. (46:18)

Duration:01:06:46

Don't Let Money Be Your Master Warns Jared Dillian

11/27/2023
Dan and Corey kick off the show by giving a sneak peek at their list of 10 things that would surprise investors in 2024 and where they predict the markets are headed. Specifically, they discuss the unassailable Magnificent Seven – which are "priced for more than perfection" – and why the high valuations aren't sustainable. While the other "Unmagnificent 493" stocks in the S&P 500 Index are essentially flat and it's "still a bear market for everything else," the Magnificent Seven have screamed higher. Dan warns that they're not safe. Afterward, Jared joins the conversation and gives some tips on how to make finance less stressful. He shares that it's important to not cut out small luxuries that bring you happiness, like a Starbucks coffee every now and then. Rather, he says to focus on cutting costs for the bigger items. He also explains that being too conservative with your money can be detrimental. The conversation shifts to discussing the two main sources of financial stress: debt and risk. Jared explains that these sources of stress aren't correlated with how much money you have and instead are entirely based on how you structure your finances. Jared then talks about the market as a whole and shares some predictions. He covers why he has been focused on the bond market for the past six months, why he expects a recession next year, what he thinks will happen to Treasurys and interest rates, and the psychology behind inflation. Lastly, Jared details why he owns essentially no U.S. stocks and instead has his money in Argentine stocks. Plus, he describes another emerging market that presents a "huge opportunity" for investors. As he says, "There's other places in the world to go where there's a lot more growth that are a lot more promising." Don't miss his thoughts on the best way to get exposure to that potential growth story.

Duration:01:05:18

The Imminent Death of the Middle Class with Porter Stansberry

11/20/2023
On this week's Stansberry Investor Hour, Dan and Corey welcome Porter Stansberry back to the show. Porter founded Stansberry Research in 1999, and he recently returned as CEO and chairman of parent company MarketWise (MKTW). With more than 25 years of experience as a financial analyst and publisher to draw on, Porter shares his opinions on the current state of the markets and which areas of the economy look most attractive today.But first, Dan and Corey talk about investors' unfounded hopes for falling interest rates and some Wall Street analysts predicting that the Federal Reserve will soon cut rates by 150 basis points. "I just don't see that happening," Corey says. Afterward, the conversation shifts to the bond market, the drop in demand for U.S. Treasurys, China "imploding minute by minute," and the biggest "turkeys" who have made the most absurd financial decisions this year. Plus, Dan explores investor psychology and how it has been warped by a decade-plus of low rates and the longest bull market in history. (0:00) Porter then joins the show and discusses why Ayn Rand's 1957 book Atlas Shrugged continues to be relevant today, General Motors' chances of going bankrupt again, and his "new, old" job as CEO of MarketWise. He explains his strategy for the company going forward. (25:08) Moving on to the broader economy, Porter shares an updated prediction of what he sees coming for the market. In mid-September, he was concerned we were on the cusp of another major financial crisis. But now he thinks the immediate danger may be past. (42:34) Porter also shares that most quality businesses out there trade for high valuations, but those with unrecognized quality still present fantastic buying opportunities today. Even companies that have recently made negative headlines can still have incredible underlying value.(48:48) Finally, Porter details what's happening in the bond market right now and why he believes it's worth investing in. And you won't want to miss his parting message, where he explains why it's a great time to be alive despite any global issues or societal problems. "Most investors make the mistake of not being optimistic enough," he says. (57:35)

Duration:01:16:05

A Needed Dose of Reality in a Sea of Pessimism with Marc Chaikin

11/13/2023
On this week's Stansberry Investor Hour, Dan and Corey are joined by Marc Chaikin. After 50 years working on Wall Street, Marc founded our corporate affiliate – Chaikin Analytics – to guide everyday investors. Marc starts by describing how his Power Gauge helps investors identify stocks, excel in timing investments, and most importantly, prevent portfolio losses. "No matter how good your fundamental research is or quant model [is], if the market doesn't agree with you, guess who wins? The market always wins; you're investing in what I call "dead money," he states. Then, Marc explores 2023 being a difficult year for bearish investors, the likelihood of a recession, and how artificial intelligence ("AI") has led to unprecedented productivity enhancements. "That's where this whole convergence of technology, data, and machine learning comes in. I think it's going to unleash unbelievable advances in medicine, data analytics for retail, and self-driving cars eventually," he asserts. Finally, Marc shares his thoughts on today's market, including the "Magnificent Seven" stocks, the U.S. national debt, the real estate sector, and 10-year Treasury yields. He explains that he and many other leading investors are bullish on stocks, but the media prefers doom-and-gloom headlines for clicks. "They just don't want to put optimists on TV because it's not controversial," he concludes.

Duration:01:02:31

The Weight Loss Revolution is Underway

11/6/2023
On this week's Stansberry Investor Hour, Dan and Corey are joined by David Cervantes, principal and founder of Pinebrook Capital Management. David shares his groundbreaking thesis that could transform not only health care but also the broader economy. But first, Dan and Corey discuss disgraced FTX founder Sam Bankman-Fried being found guilty of fraud, coworking-space company WeWork's impending bankruptcy, and fluctuating Treasury yields. (00:48) Next, David joins the conversation to detail the far-reaching consequences of obesity, plus the potential impact of new weight-loss drugs on the economy. He notes that obesity not only places a significant financial burden on the health care system but also hampers overall productivity and gross domestic product ("GDP") growth rates. However, David clarifies that GLP-1 (or glucagon-like peptide 1) drugs have the potential to revolutionize obesity treatment. (26:28) David then explores the potential winners and losers of this medical innovation. He stresses that it's not too late to make money off the drug manufacturers since there are plenty of companies developing and trying to improve these weight-loss drugs right now. He also touches on other sectors that will benefit from mass weight loss. (41:45) ➡️ Watch Here

Duration:01:05:15

Why Gold Is on the Brink of a Historic Surge

10/30/2023
On this week's Stansberry Investor Hour, Dan and Corey are joined by Rudi Fronk, chairman, CEO, and co-founder of Seabridge Gold (SA). But first, Dan and Corey kick off the podcast by discussing the latest numbers for gross domestic product ("GDP") and the core personal consumption expenditures price index. Then, they also explore what they think the Federal Reserve will do next and what will happen to the stock market. (00:41) Next, Rudi joins the show to chat about Seabridge Gold, the outlook for the gold market, and risk within the industry. Rudi emphasizes that Seabridge is not a mining company, and it instead partners with major mining companies to co-develop assets while retaining around 40% to 49% interest in projects. (16:21) He believes the current challenges in the Treasury market as well as hedge funds using leverage to accumulate positions will ultimately drive gold prices to new heights. Rudi boldly predicts that gold will surpass its previous all-time high of approximately $2,063 an ounce by the end of this year. Moreover, he details why he foresees gold's price surging to multiples of its current value over the next few years. (24:26) Rudi concludes by explaining why it's so difficult for mining companies to turn a profit and why so many of them never get any dollars out of the ground. "I don't have a high respect for most of my industry," he says simply. If you're interested in investing in the gold industry or just want to know more about it, don't miss this week's show. (36:32) ➡️ Watch Here

Duration:00:51:19

It's the End of Globalization as We Know It with Peter Zeihan

10/23/2023
In this week's Stansberry Investor Hour, Dan and Corey welcome geopolitical strategist and critically acclaimed author Peter Zeihan back to the show. But first, reporting live from the conference, Dan and Corey share their insights from this valuable event for subscribers. They offer a recap of the presentations delivered by notable figures, including Stansberry Research founder Porter Stansberry, legendary cyclist Lance Armstrong, and respected financial writer Morgan Housel. (:41) Then Peter joins the show to dissect the ongoing Ukraine situation and other geopolitical conflicts dominating the headlines. Peter discusses Israel's strategic shift from being a technology consumer to a producer, saying "Israelis, almost to a Chinese scale, were stealing tech... and so they decided to go in the business of making tech." Dan and Peter also explore investment prospects in Israel, what a peace treaty between Saudi Arabia and Israel would mean, how Iran could disrupt the peace process, and incompetence in the Israeli government. (16:50) Finally, Dan and Peter shift their focus to China. The nation is undergoing dramatic shifts in demographics and experiencing a severe population decline, which has profound implications for the nation's future. Peter predicts that China will cease to exist as a unified industrialized nation within the next decade. (36:18) ➡️ Watch Here

Duration:00:53:43

Mindless Buying: The Driving Force Behind Modern Market Dynamics with Michael Green

10/17/2023
On this week's Stansberry Investor Hour, Dan and Corey are joined by Michael "Mike" Green. Mike is the chief strategist and portfolio manager of Simplify Asset Management – an investment advisory firm. He has spent nearly 30 years studying markets and market structures, and he brings his decades of insight to today's show. But first, Dan and Corey discuss the evolving landscape of the bond market, the opportunity in Treasury bills, and the potential impact of high bond yields on the broader investment world. Corey warns... Take advantage of it now, because if the economy goes in the crapper in the future, the [bond] rates are going to go down when the Fed cuts [interest] rates. Mike then joins the conversation to delve into the world of passive investing, which involves never transacting and only ever holding assets. This leads to a strategy of mindless buying: [The stock market is] marching upwards, being led by a very few number of extremely large-cap stocks that have relatively limited growth prospects... In real terms, PepsiCo's sales are down over the last decade. This is true for companies like Apple where their sales growth, since the introduction of the iPhone 5, [is] stagnant... certainly not justifying the types of valuations that we see. Finally, Mike details how the Federal Reserve can influence the markets with interest rates, and in turn how interest rates can affect passive investing. Moreover, he highlights the unique opportunity in the bond market and explains why bonds are an attractive option for investors. ➡️ Watch Here

Duration:01:05:22

'Investing Is Back' – But It Looks Different

10/9/2023
In this week's episode of Stansberry Investor Hour, Dan and Corey welcome Harris "Kuppy" Kupperman back to the show. But first, Dan and Corey discuss the surprising employment numbers that exceeded expectations and fueled speculation about further interest-rate hikes. They also cover the turbulence in the bond market and the significance of the yield curve finally correcting after more than 18 months of inversion. (00:41) Next, Kuppy joins the show to express his skepticism about the widespread belief that the world can revert to "normalcy," that interest rates will decline, and that another bull market will kick off. Instead, he explains why he thinks there will be significant changes in the next couple of years while "everyone's playing the old playbook." (20:22) Kuppy also gives his take on the overall economy, addressing sectors with inflationary correlations. He describes his outlook on inflation as a series of sine waves, with periodic fluctuations of heating up or cooling down. However, he focuses on the overarching trend of upward inflation and predicts that it will surpass previous highs in the coming years. (31:24) ➡️ Watch Here

Duration:01:01:22

Why the BRICS Expansion Isn't the End of the Dollar

10/2/2023
On this week's Stansberry Investor Hour, Dan and Corey are joined by renowned economist Jim Rickards, who details his illustrious career, the development of the BRICS currency, and its potential ramifications for the global monetary system. But first, Dan and Corey kick off the podcast by discussing store closures, Amazon's monopoly allegations, and commercial real estate's decline. (00:41) Next, Jim joins the conversation to share some of what he has learned during his storied career, specifically from being the general counsel on a hedge fund's $3.6 billion rescue deal. He also explains why he grew dissatisfied with risk management and how he became one of the first in finance to use "complexity theory." (20:06) Dan then steers the conversation to the BRICS initiative – i.e., the five countries' goal to create an alternative currency that will challenge the dominance of the U.S. dollar. Jim explains the origins of BRICS, highlighting how they have created financial institutions similar to the World Bank and the International Monetary Fund. (33:31) Jim stresses the significance of the BRICS currency, as it would facilitate trade among member nations without the need to rely on the U.S. dollar. However, Jim emphasizes that a BRICS currency should not be interpreted as the end of the U.S. dollar's reign. Rather, it would be a formidable competitor in the global currency arena. (41:41) ➡️ Watch Here

Duration:01:05:56