With energy shortages, war in Ukraine, and rising geopolitical risks, what’s the best way to protect both ourselves and our portfolio?
To find out, I speak to Dr Marc Faber, PhD in economics, author and long-time Editor & Publisher of the Gloom Boom Doom Report (https://www.gloomboomdoom.com)
📚 Books To Help You Navigate Uncertainty
💪 Powerful Questions (for self reflection): https://www.amazon.com/dp/B0B4WVQCTH
âš¡ Charlie Munger (for rationality): https://www.amazon.com/dp/B08XR18352
🧠Knowledge Athlete (for finding your edge): https://www.amazon.com/dp/B09W9FZB43
00:00 – Introduction
00:38 – Global Economy In Recession
01:21 – Europe Has Depreciated in Dollar Terms
02:00 – Recession Is Apparent For The Average Person, Not For The Wealthy
03:00 – S&P Will Drop By 30-50%
04:02 – Government Interventions
07:30 – Best Countries For Survival
09:20 – Best Countries for Growth
10:15 – Most Important Thing To Build Wealth
11:00 – Asia & The Need To Learn Languages
13:40 – Governments, Competition & Innovation
15:50 – AUKUS
17:00 – Ukraine, Putin & The War
18:00 – Taiwan & China
20:00 – Expropriation Risks and Foreign Exchange Controls
21:46 – Protecting The Downside Risks
26:00 – ESG & ECB
30:11 – Socialism and Its Effects
32:28 – Running Into Tanks In Prague
33:30 – Sviatoslav Richter
35:00 – Changing Order in the US
37:00 – Gold Expropriation
38:15 – Currencies. USD, Asian Currencies & the Singapore Dollar
39:00 – Singapore
42:20 – Food Shortage
48:00 – Energy Nationalization
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