Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Android | RSS
In this episode, we ask:
- What is the average retirement age for many Americans now?
- Are people retiring later?
- What is the average income and average net worth of these Americans?
- How much?
- What or who is the wizard behind the curtain?
Thanks to Tom Woods and the many historians and economists I cite in this episode!
- What was the original job of the Federal Reserve?
- What does flexible mean in the context of currency and the Federal Reserve?
- What are shadow economics?
- What happened in December of 1913?
- What has happened with inflation?
- How was the Fed originally created?
- Would you like to hear Episode 56?
- Are we now in a better place?
- What did Christina Romer discover?
- What about the frequency, length and duration of recessions?
- What about price stability?
- What about deflation?
- What about output volatility?
- What did Richard Timberlake say about monetary history?
- What happened in the 19th century?
- What about the gold standard?
- What about the bank panic of 1819?
- What was Thomas Jefferson’s plan?
- What about the panic of 1873?
- What about the gilded age?
- How was life different for people born in 1860 vs. 1890?
- How did prices drop?
- How did America transform?
- When was the gold standard restored?
- What was unit banking?
- How did the farming calendar affect the bank?
- What about artificial fragility?
- How was Canada different?
- Could the U.S. have avoided bank panics?
- What did Milton Friedman say?
- Was the Fed successful at stopping bank panics?
- What about deposit insurance in 1934?
- …How many banking panics?!
- Was the Fed not prepared to handle it?
- What is the Cantillon effect?
- How does money creation affect people differently?
- Where are the top 5 wealthiest counties in the U.S.?
- What about moral hazard?
- Should prices fall?
- What about goods and services?
- What do banks create?
- What about fractional reserve notes?
- What about savers?
- What about losing out due to inflation?
- What about investments?
- What about holding on to your cash?
- What about maintaining your purchasing power?
- Is this working?
- How do we escape the boiling pot?
- How might you take steps to increase your own money supply?
Lester N. Himel discovered the use of specific types of Life Insurance to enhance and expand the performance of investment portfolios several years ago; this after spending 28 years in a variety of positions on Wall Street. Like most financial professionals, he considered stocks, bonds and similar instruments as the core of a reasonable investment approach. In those last several years, Les has found the better way. 
Myles Wakeham is an Australian who migrated to the USA in 1989 and has since become a multi-millionaire, lives a 100% free and unconstrained life, no job, etc. yet never graduated high school, let alone went to college. He is a self-made business focused technologist, who was one of the early members of biotechnology corporation Amgen (now largest Biotech company in the world), has made his fortune on Bitcoin since 2011, and owns a portfolio of rental properties. Myles was one of a few survivors of a massive auto accident in the outback of Australia in the 1990s, which forced him to question life, purpose, and direction. Since rebuilding himself from that, he knows how to handle and mitigate adversity (including taking advantage of medical tourism all over the world for major surgeries), and he has honed those skills to live a life unconstrained.
Doug Peacock spent 38 years as a high school teacher and football coach. He tried to retire the traditional/conventional path, and things didn’t work out like he was led to believe. He learned that other teachers and coaches were having the same conversation. Doug literally watched his 403(b) become a 203(b) twice in the last decade of his teaching career. He knew there had to be a better way, so he started learning how wealth really works.
Marty Smith is the Regional Vice President of Security Mutual Life Insurance Company of New York. 
Kristin Colca, after starting her career in the banking industry, noticed that conventional financial wisdom was not working for many of her clients. A low-interest rate environment combined with Wall Street volatility and a growing pile of debt made it almost impossible to plan or create a secure plan for retirement. Further complicating these issues are the financial “experts” and “advisors” that are too quick to recommend one-size-fits-all solutions without fully understanding their client’s goals or dreams. Kristin’s mission is to create custom-tailored financial strategies for her clients that empower them to achieve financial freedom. Connect with Kristin Colca at