President Xi Jinping to President Vladimir Putin, March 22, 2023:
“Right now there are changes – the likes of which we haven’t seen for 100 years.”

President Joe Biden, Nov 2, 2023:
“There comes a time maybe every 6, 8 generations where the world changes in a very short time. We are at that time now, and I think what happens in the next 2-3 years is going to determine what the world looks like for the next 5 or 6 decades.”

Dear <<First Name>>,

It has me wondering if they are finally listening to MoneyTalks given “we’re living in a period of historic change and you better prepare for it” has been our major theme on the show since January 31, 2015 when we stated that the financial problems in Greece signaled the beginning of the Sovereign Debt crisis.

In what we called the most important warning in over a decade, on Sept 16, 2019 the overnight lending market went “no bid” forcing borrowing rates to rise 500% in just a few hours in order to attract bond buyers, which forced the Federal Reserve to step in.

It’s key to understand that wasn’t a one off event. In October of 2022 the Bank of England was forced to buy £60 billion worth of UK bonds from the UK Pension fund in just a few hours in order to prevent a meltdown. “No buyers” is also what brought Silicon Valley Bank down. The Bank of Japan is buying its government’s bonds right now in order to keep interest rates down. If they didn’t, rates would move significantly higher and the bond losses would be massive after over 30 years of record low rates.

Speaking of interest rates going significantly higher, I wonder how many people wish they had taken what I labelled MoneyTalks’ #1 piece of financial advice at both the 2020 & 2021 World Outlook Financial Conferences and locked in all their borrowing including their mortgage? I wonder if those caught in the mortgage cost squeeze now realize that their political favourites can’t save them.

Here’s my point.

We’re early days in the disruption and volatility caused by the massive increase in debt that includes over $95 trillion in government borrowing and over $200 trillion privately. To borrow from Bill Clinton’s strategist, James Carville – “It’s a debt crisis, stupid” and it’s fueling historic change. We’ve had all the warning signs from the fastest rate increases in history to incredible volatility in the energy markets to the big decline in the purchasing power of our dollars.

Our goal at the World Outlook Financial Conference is to help you survive – and thrive – because the changes are going to get more intense. And P.S. – our recommendations have done just that, from warning people to lock in their borrowing rates to moving into US dollars to holding long-term core positions in oil, uranium, copper and other commodities.

Another example, at the World Outlook Financial Conference we’ve worked with Keystone Financial to produce our WOFC Small Cap portfolio, which has returned double digits every year since its inception over 12 years ago (some years a lot more). Of course, that’s no guarantee of future performance but the track record speaks for itself.

Your biggest financial challenge in a nutshell.

As we’ve all experienced first hand, our dollars don’t buy as much any more. Old guys like me keep talking about the good old days when gasoline was 20¢/L, milk was 25¢ and single detached houses could be bought for $75,000 but we don’t need to go back that far to remember when our money bought a lot more.

Rising prices for food, shelter and gasoline in 2021 and 2022, and which continue today, are causing significant financial stress for the majority of Canadians. The vast majority of us seem to accept it as inevitable that our money will buy less in the future.

I think with the massive money printing, and more importantly the declining confidence in government, we’ll be right. Around the world there are over 150 examples of significant declines in purchasing power of domestic currencies. This, by the way, is what a monetary crisis looks like, but the point is that there are specific things we can do to protect ourselves – and that’s where the World Outlook Financial Conference comes in.

And we do that by bringing together some of the best analysts in the English speaking world – Greg Weldon, BT Global’s Paul Beatty, whose “short” portfolio is up over 100% this year, the chief market strategist for Wellington Altus Wealth, James Thorne who’s had a spectacular last 3 years – predicting the stock/bond decline and the current rally.

What A Surprise

I could go on but I suspect that you’ve guessed it by now that I want you to join us at this year’s Conference. I’d love to see you and get a chance to chat.

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 tickets to the Conference are a heck of a deal. Plus each ticket includes an Investment Kit with special reports from our speakers worth over $1000! And as an added bonus, every ticket bought in the month of December will be entered into a draw to win a 1oz gold coin – currently worth almost $2800.

But you decide. After decades of broadcasting I certainly understand that a lot of people aren’t interested in economics or even their personal finances (enough about the media).  As the old saying goes – “change brings opportunity”, but it sure as heck help to know what’s coming.

My sincere best wishes.

Mike

P.S. CLICK HERE to order tickets. And if you can’t join us in person you can watch the archive streaming video – unlimited viewing, available 48 hours after the end of the Conference, from anywhere in the world with internet connection.

“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.