Top Three Videos – September 30, 2023

Strategies for Dealing with Market Volatility

• “I’d want an adviser right now who sees a topping market and is more interested right now in waiting for mean reversion.”
• “We’re gonna have to leave a chunk of it for tomorrow and we are going to have to sacrifice today for a better tomorrow.” – Matt Piepenburg emphasizes the need for a shift in mindset towards long-term thinking and sacrificing present gains for future prosperity.
• The fragmentation, wealth inequality, and resentment among different groups in society are creating a divisive and fractured nature that requires heroic leadership and a united population to overcome.
• “We privately store physical gold and silver outside of the banking system in jurisdictions other than your home country in the safest vault in the world because we’re about wealth preservation and currency risk.”
• “Matt speaks the same language that we do. He pulls no punches on criticizing the fed and other central banks.”
• “We have to pick a side, either believe in this new paradigm or walk away from the game and invest in gold, silver, and other real assets.”
• The speaker emphasizes the use of options as a risk mitigation tool, buying downside insurance and selling calls to bring in income, resulting in a lower loss for clients.

Fed’s Response to Market Drawdown

• The Fed will only provide more liquidity and stimulus to the markets after a significant 30-40% drawdown, indicating that they will wait for real pain before taking action.
• “The FED will not pivot and create more liquidity until there’s at least a 30 or 40% drawdown in the markets.”
• “I think this Market could trade more than 50% below where we are now or even 2/3 below the all-time high. In January of 2022 we could see Sub 2000 on the S&P and still not be at fair value or still not be undervalued.”
• “I think what we’re seeing now is an acceleration of the next move or wave down that will bring us pretty quickly down to about 4100.”
• The speaker predicts that there will be a 30-40% market drawdown before the Fed pivots, indicating potential economic instability.
• The Fed is unlikely to pivot and intervene in the markets until there is a significant market drawdown of 30-40% or until inflation is below its 2% target.

Impact of Global Debt on Currencies

• “The vast and fast multiplying amount of global debt will inevitably cause the destruction of the purchasing power of the world’s major currencies.”
• “The longer the current system runs, the more debt is going to be brought into existence, reaching a point where it just doesn’t work for enough people.”
• “Every time in history where you have a debt crisis, whether it’s a regime, an Empire, a democracy, it’s always followed by a financial crisis, which is then followed by a currency crisis or an inflation crisis.”
• “Invariably, every time a nation has gotten overindebted, it’s always the currency that is sacrificed, leading to currency destruction, inflation, and potentially hyperinflation in the future.”