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 ⚡ 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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