“You have a fiscal recklessness problem, you have supply-chain problems, you have the worst geopolitical situation I’ve seen in my lifetime. For the first time, it’s a very low probability, but you’ve got to put the possibility of world war on the table.”
– Stanley Druckenmiller, billionaire investor, head of Duquesne Family Office
A good summary – but I’m not sure why he’s sugar coating it. The financial world is in a far more precarious situation, made worse because, as Doomberg says, “the current slate of Western leaders can be counted on to select the worst possible path forward at every critical junction.”
Obviously I can’t speak for you, but personally I don’t have an ounce of faith that the people who got us into this financial mess can get us out. The same people who, along with their central bankers, told us that inflation was transitory. And we can forget about getting help from politicians who glibly say they don’t think about monetary policy despite world record debt.
Pardon my bluntness, (some won’t) but we are way past the time of thinking that superficiality and blatant misunderstanding of the monetary system and credit markets will get us through. I appreciate for many people their political allegiance trumps every other consideration. Simply put, the World Outlook Financial Conference and MoneyTalks are not for them.
Our goal is to protect you financially, which is why I’m proud of the fact that the #1 recommendation at the World Outlook Conference in February of 2020 – and repeated numerous times – was to lock in your mortgage and other borrowing in August and September that year. Many people didn’t take the advice and they are about to pay a heavy price as more than half of the mortgages outstanding have to be renewed in the next 18 months.
We said stay away from all government bonds with maturities longer than 2 years. Those who didn’t take that advice are part of the biggest two-year decline in bond values in history, with some long term bonds prices dropping over 50%.
At the 2024 World Outlook Financial Conference I’ll talk about why the risk/reward in the bond market for investors hasn’t changed. Despite numerous examples of sharp spikes in rates, for many it will be a very expensive lesson that governments don’t control the bond markets.
As for currencies, our top recommendation since 2013 has been to buy the US$ on any dip. At the 2024 Outlook Conference in February, we’ll get some of the best analysts in the English speaking world, including world-renowned Martin Armstrong and international trading star Greg Weldon, to tell us what they think is coming next. Hint: de-dollarization, but not near as fast as some suggest and it’s part of a larger change in the monetary system.
“Change” is the operative word. We’ve come to the end of the era of cheap energy and cheap interest rates. We’re in a sovereign debt crisis in a period of intense geopolitical uncertainty and we must protect ourselves. If you think our dollar doesn’t buy what it used to – just wait.
There’s never been a more compelling case to focus on your personal finances – with a specific focus on protecting yourself from the declining purchasing power of the currency.
Alan Greenspan gave us a hint as to the challenge ahead. When asked whether social security benefits were safe, he responded that the good news is that you’ll get your benefit – the bad news is that it will only buy a cup of coffee.
In order avoid going on too long, which many have said I have a gift for – I’ll stop and sum up by saying: the sovereign debt crisis will continue to grow. The devaluation of paper currency’s purchasing power will continue. The energy crisis still has a long way to run – and as we’ve already witnessed, an increasing number of people will be what I call “financial road kill.”
The key to your financial future is to not be one of them.
My point is that you can’t afford to not be prepared.
How to protect yourself from the big three – the Monetary, Sovereign debt and Energy crises is the focus of the up coming World Outlook Financial Conference, February 2 & 3 2024. We’ll focus on not just how to survive, but how to thrive. And we’re getting some of the best analysts in the English speaking world to help including Dr. James Thorne, Energy expert Josef Schachter who sees this as a generational opportunity in oil, and BT Global’s Paul Beatty whose “short portfolio” is up over 100% in the last 12 months.
We’ll also feature our annual World Outlook Small Cap portfolio in conjunction with Keystone Financial’s Ryan Irvine and Aaron Dunn, which has never failed to achieve double digit returns. Of course, past performance is no guaranteed of future returns, but I like our chances.
What A Surprise
In case you haven’t guessed by now, I want you to join us at this year’s conference. It would be great to see you.
I am absolutely sincere when I say that I’d pay to hear the recommendations of any one of our analysts – let alone the whole group. I know what some of them get paid to privately consult for mutual funds, investment firms and pension funds and I can say with 100% certainty that the World Outlook is a heck of a deal.
But you decide. I know that economics and personal finance aren’t everyone’s cup of tea – but I will state with certainty – that the financial stakes have never been higher.
My sincere best wishes,
Mike
PS The early bird prices are still available for both the VIP and General Admission passes. CLICK HERE to buy your tickets today.
PPS If you can’t attend in person you can access online videos of all the mainstage presentations as soon as 48 hours after the event. Unlimited viewing, from any device, from anywhere in the world with internet access.
PPS I almost forgot, in addition to our mainstage analysts, you’ll be able to hear from, and talk to, industry leaders and CEOs from more than 40 companies. They are leaders of the Energy, Mining, Tech, Real Estate and Wealth Management sectors. Hugely valuable to be able to access them.
