Financial Survival Network

Summary: If your business operates on a web platform, it is crucial to possess a thorough understanding and appreciation of cybersecurity; this is a practice that can either make or break your business. Today I speak with bestselling author Robert Siciliano about the precautions one can take to evade cyberattacks and identity theft, which are incredibly common in the digital realm of business. Proper cybersecurity and a knowledge of how to deal with attacks/attempted attacks can save you and your business a load of trouble in the long run. Tune in to find out more. Highlights: -It is important to know what precautions to take to avoid identity theft -Bestselling author Robert Siciliano tells us that ransomware is an epidemic: it affects healthcare, manufacturing, etc. -Businesses are paying millions of dollars in ransom -The bad guys have gotten very skilled in what they do, especially in terms of organization. They function as legitimate businesses. Team members are able to get access to usernames and passwo

Summary: Everyone eventually wants to transition out of their business and retire, and it can be difficult to sell a business off—you need specialized knowledge to do so. Today we hear from Ahmie Bahm, a financial advisor with clientele of business owners trying to transition to retirement. The sooner that business owners prepare for the inevitable transition, the better, and Ahmie explains the criteria for a successful exit/succession that every business owner ultimately experiences. Highlights: -Everyone eventually wants to transition out of their business and retire, and it can be difficult to sell a business off -Ahmie is a Financial advisor with clientele of business owners trying to transition to retirement -It is good to help business owners sooner rather than later to deal with the inevitable transition -In most cases, the SBA is not part of the transition process—it’s about following a time-strategic recipe to transition effectively -It’s not if you’re going to leave the business; it’s when -The crit

Summary: Today, Mish walks us through some of the effects of the lockdowns and the variant on the economy. We talk about stimulus checks, and some of the negative impacts on businesses and the economy in turn—everything is down in the real economy at the moment. Mish also highlights the significance of inflation: the disruption in the supply chain is real and it’s affecting everything. We talk about some of the indicators of these phenomena, and other interesting insights that allow us to better understand the current obstacles in the market. Highlights: -Mish talks to us about what is happening with DOW and Nasdaq, and how the fed will do whatever it takes to ensure that the economy will not falter—which translates to buying stocks. -Is the Delta variant going to bring down the stock market and economy? -There could be more pressure in terms of proving that you’re vaccinated -The market is dismissing the Delta variant because it is concerned with the fed -In the real economy, everything is down, but the stim

Summary: Michael Busler, Professor of Finance at Stockton University, gives us a crash course on the current economic situation in the United States—probing into some of the root causes of different problems and changes we are seeing today. We dive into inflation that has worsened due to disruptions in the supply chain as well as health circumstances over the last year and a half. Michael explains, however, that there are a number of other causes for inflation. If the government returns to some of the basic principles our nation was founded upon, perhaps we can re-create the economic prosperity we were historically known for. Highlights: -On the good side, the economy is growing very well, and is somewhat dependent upon the virus -The problem at hand is inflation - prices are up about 5% over the span of a year -Inflation is caused by disruptions in the supply chain -Business has not caught up with the supply yet and this is why prices are rising -Some say as soon as things open up fully, supply will increase

Summary: What is infinite banking, and how can we use it to build wealth? Today, Jim Oliver comes on the podcast with me to discuss how you can utilize a money pool to buy cash flowing assets—this gives your money the potential to grow tax-free and to be accessible tax-free. This approach to infinite banking emphasizes financial freedom; if you are in control of the money, it’s likely that you’re also the one making it. Tune in to learn about some of the opportunities you could have through infinite banking, and get direct insight from Jim, the founder of CreateTailwind. Highlights: -How can you effectively be your own bank and finance your own cash-flowing projects? -We are using a money pool to buy cash flowing assets -Infinite banking has a lot to do with paying off debts, but in this case we are emphasizing financial freedom -Some people start with as little as $20k a year, and some start with millions -What are the administrative costs? There really aren’t any because they use a special insurance contrac

Summary: Today, I speak with Craig Hemke to discuss what’s new with gold, the repo market, and the real economy. Supply and demand have played a large role within the latest decline in gold and silver, and Craig breaks down some of the changes in the market within the last few years. We see time and time again that nothing ever goes straight up in a trend line, and that these trends are ever-changing. We also talk briefly about crypto, emphasizing the benefit to owning multiple types of currencies in the shifting market. Highlights: -What is going on with the price of gold, the Repo market, and the real economy? -What is behind the latest decline in gold and silver? It’s a multi-faceted answer—supply and demand for the future’s contract plays a large role. -Why is there so little demand? This has to do with the people that are buying contracts and transitory effects -Repo demand was rising, but so was the demand for everything short-term -When you hear about the dollar going up, they are referring to the doll

1. The takeover of Afghanistan by the Taliban. This is really the talk of the town this morning. This does not affect the stock market directly, but it makes traders and investors question their confidence in the current administration. I personally believe the Federal Reserve controls the market action with their current QE $120 billion/month program.  2. Options expiration for August is on Friday. As you should all know by now, this is a week of institutional game playing. It's also a week where you will hear a lot of rumors, geopolitical events and lots of ridiculous up/down grades. Expect the unexpected. Watch Tesla and see what they do to it. This is the real shark week.  3. Gold/Silver they were hammered in June during options ex. Nick said not your normal gold slam. Big traders were in there driving it down. More upside now to 1840 potentially. The miners stopped leading and still are not. Mining stocks are negative today while gold is up $9. 4. Cryptos have had a good move. They’re up slightly and now

Summary: Today I speak with Eric Hadik who has been spot on with precious metals predictions for years, and has unmatched insight in this field. Eric walks us through the 40 year cycles of currency wars that have taken place throughout history that allow us to comprehend what happens in the markets over time. We come to the premise that gold needs to look for something to drive it higher or lower in its current position, and finally discuss stocks and oil. Highlights: -Spot on with precious metals predictions for years—and -Started by looking at gold from a very broad perspective -in 2015 Eric describes 40 year cycles of currency wars throughout history -Gold and paper money = opponents -Inflationary numbers will continue to come out but also taper a bit -Gold needs to look for something else to drive it higher or lower -One of the biggest burden is that interest rates are going to start to take up a bit -Stock market due for a second correction in August and September -Precious metals and stocks set their ma

Summary: Today, Ben and I cover one of the most feared three letter words amongst American citizens: the IRS. It is important to remember that we have remedies and rights when dealing with the IRS, and numerous people get in trouble merely because they don’t understand some of the rules and processes. We want to make sure you don’t find yourself in this situation! Tune in today to hear about how you can exercise your rights and handle your taxes in a way that is painless, legal, and will save you unnecessary stress. Highlights: -IRS - one of the most dreaded three letter words -As US citizens we have remedies and rights when dealing with them - IRS taxpayer Bill of Rights -You could think you’re doing everything right on your taxes and miss a rule you weren’t aware of -Many people get in trouble merely because they don’t understand the process -Ignorance is not bliss when it comes to the IRS -It is important to get people educated and informed -You should never deal with them directly on any major matter. Tax

Summary: Are we losing freedom as a product of health issues and government mandates? In today’s podcast, George and I tackle freedom, health, and finances to collectively consider the cost-benefit analysis of government involvement: how does this affect our overall well-being and happiness? We get into the financial consequences of some of the current world issues, in which the government’s deficit spending may reflect quantitative easing—which could result in continual inflation. Tune in today to get an interesting perspective on some of the most pressing global considerations right now, and to probe into what health and wealth mean in an era of immense change and regulation. Highlights: -Are we losing freedom? Is it the biggest casualty of the health issues we’ve seen over the years? -We are encouraging people to think about what wealth is -From an economic standpoint, goods and services make money count -When you look at policies, we must ask ourselves if they produce more or fewer goods and services -We

Summary: Is the gold slam over, or is there still more to go? Today, Chris and I comment on the recent ding to the metals as well as updates on the dollar and Bitcoin to catch up on currency. As expected, there is a lot of panic around the circumstances of the metals, but this is a ‘golden opportunity’ to buy. The dollar is back up to resistance trying to break out, and could perhaps rally about 2% from where it is now. In the case of Bitcoin, it’s back on an up trend now, and can be projected by way of technical analysis. Tune in to get clued up on all things currency and to hear Chris give us some valuable insight on trends in monetary value. Highlights: -It’s been a bloodbath in the gold markets -Metals are getting clobbered—gold was down 5% at one point -A lot of people are nervous; gold has fallen so much in the last month and a half and has many selling -While people are panicking, it’s a ‘golden opportunity’ -This should resolve to the upside eventually, but it has to work itself up -Gold has been trad

Summary: In today’s episode, I speak with angel investor Jonathan Hung to discuss many of the inside tips and tricks of successful entrepreneurs. Jonathan highlights the importance not of the individual entrepreneur themselves, but of the team that ultimately must grow and evolve as the business does such. If you are interested in hearing about the development of startups, up and coming trends in tech, and the tools needed for you and your business to thrive, then tune in to today’s podcast. Highlights: -Jonathan is an angel investor and managing partner at Unicorn Venturing Partners -From working in so many sectors, what is the biggest lesson you’ve learned? Jonathan says it’s not about one individual—it’s about the team. Jeff Bezos didn’t build Amazon by himself. -Can you have a start-up company without a strong overarching personality that can turn your vision into a reality -differences between public and private companies -with private companies, who your leaders/executives are are so important -The worl

Summary: Today, Martin and I talk government and crypto—in the face of the national debt, the US is depending on the cheapening of dollars to pay back debt that has grown exponentially in the last decade. Additionally, we face other probing questions in looking at Europe’s 2030 agenda. Ending democracy and implementing shared power between nations would have many interesting implications, and we dive into some of these. We discuss IMF and the push to create a universal digital currency, which would be above all laws and change cryptocurrency as we know it. Tune in to listen as we implore possibilities in crypto for the coming years, and the interplay between debt, governing strategy, and digital currency. Highlights: -DOW - a bull market everyone loves to hate, and Marty called it -Over the years, Martin has dealt with a lot of government in the analytical field -We can’t continue to borrow year after year without the intention of paying back -National debt has more than doubled within a decade; government ha

Andy and I get on the podcast today to debrief the flash crash in Gold; 24,000 contracts were dumped and prices drastically went down. This was intended to produce a major shock factor in the market. This makes for an excellent buying opportunity as markets do not always behave this way, and the price will most likely shoot back up again due to the high demand. We talk inflation, debt, and the realization of modern monetary theory—all of which are worth thinking about in the current economic state. Notes -Flash crash in Gold - went down $100/oz - has been bouncing around -Andy Scheckman - milesfranklin.com -What is going on with Gold/Silver? -24K + contracts dumped - $4B worth -It is a poor idea to dump that many contracts at one time, but it is done for effect -There is no more manipulated market than the metals market -This is a heck of a buying opportunity because markets don’t behave this way -The price is most likely going to shoot back up because of the high demand -Month-in, month-out, the big losers a

John and I discuss the way in which the layaway concept is re-inserting itself into buying procedures; time and time again, individuals are slaves to debt and seek out more methods of borrowing money. We touch upon gold and silver getting whacked due to banks feeling pressure about unemployment rates as well as what the markets will do. However, the stock market is not crashing--and the drop in gold and silver prices should not induce panic. Tune in today to hear about some of the latest phenomena in tech, debt, and investing, and stay for the entertaining South Park references. Notes: -Concept of the layaway - ‘Layaway America’ - debt slaves don’t have enough ways to borrow -We are becoming the layaway nation - everything that’s old is new again -Gold and Silver take major decline -Medically necessary creeping fascism -Bitcoin is back up -Tech companies have revived the idea of the layaway - making interest free payments until something is paid off -Debt slaves don’t have enough ways to borrow -Securitizing

I was joined by Fury Gold Mines’ Chair Ivan Bebek and CEO Mike Timmins for the latest sponsor update. The news has been coming out at a fast and “Fury-ous” pace (pardon the pun) and as expected yet more high-grade gold has been found. In the latest results, three drill holes focused on the untested Hinge target had significant intercepts - including 1 meter of 12.81 g/t gold…showing that Hinge has high-grade veins as well as broader mineralization zones. Results like these demonstrate that Fury is the perfect case for why one should invest in the junior mining sector. Many times the market appears indifferent to highly positive results, but when the news really starts flowing, it catches on and great shareholder returns routinely follow. As Ivan said, “Patience …will always pay off.” The company now has 4 drills turning and while the assay labs have been slow to furnish results, things should pick up shortly. Website: www.FureyGoldMines.com - Ticker Symbol - TSX/NYSE: FURY

Summary: In today’s episode I speak with Crypto Professional Shahar Abrams about the basic fundamentals of cryptocurrency, its future, and why you should educate yourself on this increasingly prevalent industry. Shahar entered the crypto sphere in 2017 and has since become an expert on the digital revolution in value that is taking place. Crypto offers an amazing opportunity for passive income that you can’t make with traditional stocks, and is essentially the backbone for what is going to become the internet of value. Tune in to hear captivating stories from Shahar about his background, the future of crypto, and his online course where you can learn the inner-workings of cryptocurrency investing. Notes: -What people think crypto is, what it really is, and why they should educate themselves -Perhaps losing money is the best learning experience in the industry -why it has a future, why you should be interested and perhaps even take a course -started out consulting for IBM (data science track), dove into blockc

We just went through the usual precious metals bottom in late July, early August. Volume on juniors is completely anemic. GDXJ has double bottomed which is usually a very bullish sign. David Erfle sat down with us to give an update gold, silver and mining stocks.  Mining stocks have continued to go down leading to investors take tax losses in the summer, which is quite unheard of. David says this is the exact time when the opportunity in the sector is greatest, at the bottom. Therefore, you need to have a watch list and be ready to pounce. The juniors are in particularly strong position now. Since the last move up, they’ve cashed up and are ready to go. Drilling programs are happening right now and results are being release. There’s lots of value in the sector. Of course it’s always possible we could have another down leg that drops gold to 1600-1650. in this sector you never know. However, = if gold stays above 1750 it will soon be off to the races. The Fed is working overtime on pushing gold prices higher.

Do you want to minimize the amount you pay in taxes? Today, Mark Myers gives us the inside scoop on how we can do this legally and ethically. Mark highlights the distinction between the tax systems for the informed and the uninformed, and how we can equip ourselves with the resources to be on the informed side. Many small to medium business owners are not aware of some of the benefits they can take advantage of that are non-taxable and very attainable. Most importantly, it is critical to understand how we can stay within the black and white boundaries of the IRS while keeping more of our own money. Tune in to get direct insight from Mark on some of the up and coming potential tax strategies and some useful tips to ensure that you minimize your taxes. Important points: Notes -Business owners (small to medium, $150M revenue) most of these owners don’t know that there are benefits they can take advantage of that are non-taxable. This is by creating another entity with a separate service -Low hanging fruit in the

Noble Drakoln is long Robinhood and not for the reason you might think. True it’s a hot market trading app that has millions of clients and makes its living selling their data to high frequency traders. It’s doing quite well and according to Noble has leveled the playing field and enabled the public to turn the tables on the pros, but that’s only half the story. They’re really a crypto play as they are one of the largest holders of the infamous Elon Musk promoted Dogecoin. And they’re all set to become a major crypto trading platform that could easily surpass Coinbase. And that could really result in huge profits to early Robinhood investors, and perhaps that’s why the price has rebounded and gone higher than the IPO price. Perhaps another Facebook in the making.