In 1990 my father retired from a surgical practice with what anyone’s mind would have been a substantial retirement. During the next 30 years, my parents live well but not extravagantly. True they made a few mistakes with managing money but nothing outside of the norm. Yet when he died in 2021 he was on the verge of bankruptcy. That is what devaluation of purchasing power by money printing does to the elderly.
@@rubicon3416 a RU-vid comment is no place where you can write an essay. however, the main points are 1) my father, like most others, trusted other people to manage his money. Those experts told him it was no big deal to carry mortgages into retirement. That assumption was based on the historic 5-7% return. Once interest rates dropped below 2% the economics didn’t work and it bled him out.
@@ssm59 central banking is really a scam stealing the fruits of the working class' labor turning them into the working poor. the politcal system exists merely to divert attention of the masses away from that fraud. thanks for the story. its certainly something to think about for anyone hoping to retire early.
I have a VERY similar story with my aunt who died about 3 months before every cent of her nest egg was exhausted. Her and her husband were VERY wealthy during their working years and thought they saved enough for a long retirement. Massive Inflation chewed away at their nest egg! It was very sad to see!!
The office of president was not designed to lead the country, but to execute the constitution. Big difference... Our vastly under informed populace has elevated the office far beyond its intended scope.
Larry and Peter, this was an outstanding interview! Larry, I’ve been following you for the last 2-3 years, and have watched your message strengthen and crystallize to where it is now! Your strong money thesis and libertarian ideals just make so much sense. I am a 70 year old boomer who discovered BTC 5 years ago and began investing in it 4 years ago. And that was the same time period when I realized I’m really a free market, strong money, Austrian Economics Libertarian at heart! Thank you both for all you do to bring this message to the masses! Hopefully, all of us like minded people can help warn and possibly save as many of our friends and family as possible for what is coming towards us in the not too distant future!!
Thank you Peter. Been following Larry for a long time though his podcasts and on X. Cant wait till he finishes his book. Thank you for the interview!!! Excellent job Peter. Your quality is outstanding. And love your humor! 👍
Great interview with Lawrence Lepard, Peter! I love these long-form versions, in addition to the morning bite-size info bursts to start our day. Hopefully you release more of these kind of videos soon for us, as you seem to be a natural interviewer. :)
We are at the end of the growth based economic model driven by the financial sector. System needs to morph into a sustainable based model based on flat or replacement economics.
owning physical gold is like booking a seat for yourself on the ARK for when the financial flood comes....act now and dont end up being the third monkey on the gangplank
Historically our ancestors suffered from mass poverty & starvation back when they used gold and silver for money.The Bible shows how destitute most people were under a system of "sound money" in the story about the trivial amount of silver it took to get Judas Iscariot to betray Jesus.
Can't print trillions of dollars and have zero per cent inflation. Gold has beat inflation from 1929, 1971, and 1999. If you made $100,000 in stocks since 1999, you would have made $200,000 just holding gold, cash, zero risk.
IT WAS EMBARASSING TO SEE INTELLECTUALLY STRONG AND ASSERTIVE PETER SUCKING UP TO HIS SMUG AND INARTICULATE GUEST. I THOUGHT PETER WAS AN ECONOMICS LEADER AND FIGHTER, NOT AN ECONOMICS GUEST-GROVELER.
