Jason Hartman takes us on a trip down recession lane. Backing up to the early 80s, Jason discusses the cost of a home through several recessions in the past, no matter how impactful they felt. As well, prep yourself for the next webinar, May 1st.
Doug Casey, author of Crisis Investing: Opportunities and Profits in the Coming Great Depression, joins Jason to discuss the biggest hysteria since the Salem Witch Trials. Casey shares his opinion on The Great Recession and the role it might play in the potential Greater Depression. Learn why Casey advises one to invest in mining, and his feelings on bonds, stocks, cash, gold, and cryptocurrency in comparison.
May 1st and May 3rd: bit.ly/sweethomewebinar
[2:00] Sweet Home NEW Alabama webinar: bit.ly/sweethomewebinar
[4:45] What kind of price changes did we see in homes during several of the past recessions? A quick analysis over the past 40 years of recessions.
[14:20] “The biggest hysteria since the Salem Witch Trials” – Casey
[17:45] Casey presupposes that the worst of the 2008 recession is yet to come, and that for the last 8-10 years, we have been in the calm, the eye, of the storm.
[19:30] “This could be more than a financial meltdown. Possibly an economic and social meltdown as well.”
[20:00] The U.S. is no longer a country, but more-so a multi-dimensional, domestic, empire.
[22:20] Bonds are a triple threat, about the worst place for your money at this time.
[24:30] Bonds, stocks, cash, gold, cryptocurrency?
[28:15] Have we entered the greater depression? This could potentially be the biggest upset since the industrial revolution.
[33:50] Surviving a depression, the most important thing is to have assets where there is no counter-party risk. Something in which you don’t have to trust a bank, insurance company, or your pension fund.
[36:30] Having fun, what about mining the asteroids?