This episode is the second of a two-part series featuring Alastair MacDonald, a private advisor and expert in economic, social, market, and financial forecasting. (If you missed last week, be sure to go back and listen to part 1.) This week we continue the conversation by diving into inflation vs. deflation and which route we are more likely to go down—and what to do to prepare.
Listen in as Alastair shares his own experiences with inflation in Zimbabwe and discusses how he believes it will likely play out in the U.S. He shares how a credit-based system works, what conditions might signal a loss of reserve currency, and the importance of paying attention to the actions of people in order to better understand the state of things. You will hear Alastair’s best insight on the opportunities that may be coming up and what you should be doing in your practice now to be prepared for those opportunities.
Subscribe: Apple Podcasts | Android | Google Podcasts | Stitcher | Spotify | More
Minute Markers:
- 3:35 – How long can the fed keep kicking the can down the road?
- 8:42 – What people do when they’re in trouble—and the implications of a rush on gold.
- 11:25 – What the Federal Reserve is afraid of.
- 18:10 – What those who own practices should be doing and the opportunities available.
- 23:07 – What should be done from an investment standpoint.
- 34:28 – Thoughts on the election and how the country will take to one way or the other.
- 37:45 – Advice on selling your practice at this time.
Featured on the Show:
- Alastair MacDonald: TEDx | DSN | Facebook
- Chengeta Wildlife
- Hussman Funds
P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
1. Schedule a Call with Me:
If you’d like to replace your active practice income with passive investment income within 2-3 years, and you have at least $1M in available capital, then click the link to schedule a quick call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to schedule a call with me directly. www.freedomfounders.com/
2. Get Your Free Retirement Scorecard:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Go to www.FreedomFounders.com/
3. Ready to Step Away?
“How Much is Enough?” This simple question keeps hard-working professionals at the hamster wheel of active income far longer than they need to be. Watch this free training, and discover a proven model for determining how much you really need before hanging up the handpiece! www.freedomfounders.com/
4. Apply To Visit The Mastermind:
If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (3-5 years or less), visit www.freedomfounders.com/step-1 to apply for a guest seat.
Want to know more about David and schedule him as a speaker or podcast guest? Go to doctorphelps.com to book David now.
Power Concepts:
Get the Full Episode Transcript: