I had a rare and awesome chance to sit down with my old friend Mike Maloney at the Limitless Expo conference (Dallas, Aug 2024).
His mainstage presentation was a work of art and quite persuasive.
The bottom line: our “markets” are historically wildly overvalued by every measure.
We cover a bit of hat territory in this interview, as well as the main conclusion which is that Mike is pouring a big flow of his efforts into his 900-acre farm property in Puerto Rico.
Of course, he’s doing it right. The practices are regenerative. Energy is being produced on site by a variety of means. Good people are bringing immense expertise to their respective areas.
Except for scale (Mike is going BIG), we both arrived independently at the same conclusion.
The world is hurtling toward an economic dislocation. One that will catch most people off-guard and hurt vastly more than Covid could ever manage. Nobody in power seems to have the slightest clue about the predicament, let alone how to mitigate the damage.
For its part, the Federal Reserve deserves a huge portion of the blame for its interventionist tendencies that have done little more than bailout Wall Street at the expense of Main Street. The Fed is destroying our future one bailout at a time. Real assets (gold, silver, land, etc) are the cornerstone of protecting one’s wealth.
As always, it’s a real treat when Mike and I get to sit down. Enjoy!
In my town near the middle of Georgia, USA, a national home builder has just bought out 5 or 6 large subdivisions. These subdivisions were previously owned by small to midsize developers, mostly locally owned. Now, every new house that will be going up in these neighborhoods will have to go through this large national sized builder. I found this out a few days ago as I was out looking for a new home for my family. The realtor I work with is just as surprised by the buyout as I am. There’s literally only a couple of subdivisions left in town now that isn’t part of this corporate behemoth. Not to mention, the choices and styles for new construction will be mostly off the table for new home buyers. The smaller builders were known to allow buyers many options and even allow adjustments to floor plans. What could this corporate giant see in the future for them to be so aggressive in buying up so much property? This makes me wonder what’s coming around the corner in home sales…
Another odd thing that happened this week happened at my local Wells Fargo. For the last year or two, every time I go through the drive through the tellers ask if I know about their mobile app. I always tell them yes but I prefer to use the drive through rather than an app to do my deposits. I pull up this week and the drive through widow is permanently closed… We can still go inside but no my drive through. I go in , do my business and inquire about the drive through while I’m there. The answer they give me is that do to lack of use, they’ve decided to close it permanently… Of course, this is total BS because there has always been plenty of customers driving through, always… I’m not sure what to make of this change but it’s certainly annoying.
I just want to pass these to bits of information along. I’m not sure about all of it but it sure looks a lot like more top down control happening on a local level in my area.
“Communism” and “socialism” are more along the lines of features / attributes in this new era of what we should really be spotlighting: techno-capitalism.
