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!
