The Chris Voss Show - The Chris Voss Show Podcast 237 Kenneth Ameduri of Crush The Street
Episode Date: November 14, 2018Kenneth Ameduri of Crush The Street...
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Hi, I'm Chris Voss here from thechrisvossshow.com, thechrisvossshow.com.
Hey, come in here with another great podcast.
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we have on today today we have a most excellent guest as always kenneth amaduri he is the runner of his website that he has on his thing called CrushTheStreet.com.
And I think he's the CEO of it.
Are you the CEO of it?
How's that work?
Oh, I wear all the different hats.
CrushTheStreet.com, chief editor.
I've done everything.
I've mopped the floor at my website, too.
At my corporations, I used to, at my corporations
I was always the CEO and the janitor
Yeah
Yeah
It was amazing to me no matter how big my company was
How many hundreds of employees we had
I was still picking stuff off the floor
So I'm like well I guess I'm still the janitor
Well you know we started
This started off after the 2008 financial crisis. We were really
concerned about the economy and we really started to understand what was going on
behind the scenes. And you have that whole aspect of this government intervention that really caused the 08 crisis.
This was the birth of Crush the Street, the network of sites that we've started.
We've come a long way since the janitor days of the website.
I remember buying the domain name and trying to create the website by myself. And now we've got a whole team of writers that contribute and help, that post and regularly discuss relevant information about the economy. and even YouTube has afforded us and iTunes and these decentralized platforms is the opportunity
to learn from so many different sources, not just the mainstream media per se, but alternative
sources. And I feel like competition of information has helped us find greater truth than we've been told in the past.
And that's the reason why I really love what I do.
I love educating people.
I love helping people to make money.
And that's my role at CrushTheStreet.com.
That's why I wake up every day.
That's why I do my research.
And I mean, if people want to visit my website, they can get to know me better there,
but stay tuned. I hope to give you guys some good information here during this podcast.
Awesome sauce. And the website is crushthestreet.com.
Yes, sir.
I like that title. That's a pretty awesome title. And of course, you guys cover the gambit from
everything from real estate investing to the
economy to investing in the stock market, pretty much everything. In fact, I'm seeing some articles
on your website that are just about kind of life, what's going on in Americana.
Absolutely. And again, we got a whole team of people that contribute and, you know, talk about precious metals and sound economics.
And, you know, one of the things I like to tell people is, you know, we all have opinions in life,
right? And everyone's entitled to their own opinion. But, you know, when you put your money
where your mouth is, there's actually a scoreboard that clearly reflects whether or not your opinion is actually working out for you.
And that's the reality of things.
You know, when you invest and have to put your money and anticipate what is going on
and trends and, you know, what's going on with stocks, what's going on with precious
metals.
I mean, really, you're analyzing what people are going to be doing in the future.
Where are the trends going and anticipating those things
and being able to anticipate those things and correctly do it
is how you make money.
And this was one of the reasons why we were largely ahead of the trends
with cryptocurrency in 2017.
That was the greatest bull market in all of history, the cryptocurrency Bitcoin run.
I mean, that was the greatest bull market that we've seen up until now. Maybe it's the greatest
bull market that I'll ever see in my lifetime. And we were part of it. I mean, we were advocating
for Bitcoin in 2012, 2013. We ran a documentary about it. We called it Banker's Worst Fear in 2013. I know
people will argue that, but we anticipated something that we thought was going to be
very big and it paid off very well for us. And that's, again, opting out of the mainstream media.
The mainstream media was bashing Bitcoin at, you know, last year.
And they had to cover it, of course, but they covered it when it was 20,000, you know, 15,000.
They're scratching their heads about it.
But it was nowhere to be heard of when Bitcoin was $700, $800.
I mean, that was the time to be talking and looking into these things.
And that's what we were doing. And that's
my goal again, with what we do with our research and our focus. Yeah, you've got to know what's
coming and what's coming down the pike and what the options are. And I remember doing interviews
for Bitcoin back in the 2013-2014 era. People were like, what is this? What is it about? And I
could see it would be the future
because of the freedom and the no limits that it had outside of Federal reserves and other things
of that nature. And we initially saw that, you know, the banks were like, Oh, no, we got to
squish this the Fed was like, we got to squish this, we can't let this have its route, you know,
we can't lose power, but the decentralization of power that the cryptocurrency gives is is just immense.
Yeah. Well, and Milton Friedman, you know, he predicted it loosely.
What in the 1990s? You might have seen that that clip of him talking about some sort of Internet money that would really be out of the hands of the government.
And, you know, the free market is like, you know, trying to hold water in
your hand. It's like impossible. When you try to, you know, contain it in one section, it comes out
the other way. And that's how I feel like Bitcoin and cryptocurrency is. If you try to control
capital too much, and it's especially seen in corrupt countries like Argentina, Venezuela,
Cyprus, Greece, these countries that have these strict banking controls.
And while the country is collapsing, who wants to hold their wealth, their 30, 40 years of savings
in a currency that's collapsing? I mean, nobody wants to do that, but the government
doesn't want you to jump ship because that only perpetuates their problem, right?
Yeah, it just stabilizes the government.
As a sovereign individual. And it was difficult prior to Bitcoin. I mean, unless you were able
to get your hands on some gold or something else that's tangible. But Bitcoin, I mean,
how beautiful is it? You purchase it,
you get on an airplane, turn your phone on, and there it is. I mean, you don't even have to like
it. You could just get in, get out of it, and buy a house somewhere else or do something else with
it. Buy US dollars if you lived in Venezuela. You don't even have to like Bitcoin. Just for the sake
of moving your money out of the hands of a corrupt government that's a use
case in it all of itself and i love it for that reason and a lot of governments are afraid of it
i mean the u.s was afraid of it i mean because the u.s has to compete with it now they sell t
bills and most people would buy t bills because for the safety factor but they would buy t bills
because the belief was the u.s government will always be around and pay their bills.
So it's a good investment.
But you've got countries like China that have all but, I think, pretty much banned cryptocurrency at this point, right?
Yeah, well, the countries, I mean, the U.S., the SEC, these countries, they're not going to want to allow this to compete with the dollar
I mean even the countries that are collapsing right the the country they don't want
Cryptocurrency to compete with their collapsing currents like the the boulevard the one that you know went into hyperinflation
Even though it's collapsing. They still don't want you moving your money from boulevards into something else. They're not encouraging that. They're saying, hey, we need
to keep this in order. And the only way we can do that is by keeping you all in this one specific
spot here. But absolutely, any sort of competition to the mainstream is not going to be promoted. You're not going to hear about it promoted in CNN, MSNBC, Fox News,
CNBC. These are not going to be things that are conventionally like, that are taught about
in a positive way in the current college education system. The government and the progressive conventional wisdom in society is kind of in a way, not in a
conspiratorial way, but just in a way, a groupthink, a major groupthink, and very much going down a
certain path that isn't always in the best interest of the people. And I mean, in a lot of ways,
we're deteriorating as a society
as we continue to move from a capitalist society
into a socialist society.
And it's not binary.
You know, for all the socialists out there
like Bernie Sanders who say,
hey, you know, how come we don't have
free healthcare for everyone?
How come we don't have free college education for everyone? How come we don't have free college education for everyone?
It's not a binary thing of yes and no, because in a lot of ways, we do subsidize people who can't afford college education.
We do subsidize people who can't afford health insurance.
And there's a whole spectrum of socialism that already exists.
He just wants to pour fuel on the fire and
You know really advance it to another level. So
Anyways, I just went on that rant
side rant but
Yeah, any competition to the mainstream is going to be
Fought against tooth and nail they're trying to do it with YouTube.
And if they really do get their hand on people and free speech
and Google really shuts down people like us
who want to just have an opinion and expose truth where it is
and the lies where they exist,
other avenues will pop up on the internet that allow people to have free speech
and i wholeheartedly believe that the free market will uh prepare and offer opportunities for that
there's an old saying uh i think it was from the movie no country full of men you can't stop
what's coming that's vanity well what one of the things that I think is coming down the pipe is AI.
And I think we're going to have a conversation about this in the conversation here.
But AI is something that's very controversial.
Even people that are conservative or libertarian-minded, they're worried about AI taking people's jobs.
What are people going to do?
You know, large portions of society going to do if you have these robots replacing their jobs.
And how do we legislate this away so we don't have mass unemployment or mass displacement of jobs in our society. And what I would say is if you try to
legislate AI in a way that limits technology from advancing forward, sure, you'll contain it in one
area, but another country or somebody else is going to rise up because all AI is is technology moving forward. And if one company is using AI and becoming more efficient,
you as a company that's in the dark ages
will just be put out of business
because you're inefficient and your profits will go down.
You'll be put out just by the free market
saying you're not profitable and this person is.
So that's why it's a double-edged
sword. You have to be open and nimble to using AI. Your kids need to be able to
navigate the economy in a way where they're nimble and able to learn and in some ways even
merge with AI because that's what's coming too. It's not just AI versus humans. It's because that's what's coming to you know, it's the it's not just AI versus humans.
It's the merging of AI to make humans that much better. And I believe that's coming in a lot of
different ways. I think you're right, you've got to adopt and adapt, you've got to see, you know,
we're living through quicker cycles, it used to be that you could wait, you know, I don't know,
a generation and steel would, you know, US steel would go from being the number one in index on the stock market
to where, you know, Google and other different technology things that are more
cerebral based as opposed to labor, blue collar based. You've got to have your eye on the future,
what's coming. And like you say, you've got to adopt and adapt and, and you've got to have your eye on the future what's coming and like you say you've got to adopt
and adapt and and you've got to explore certain things i mean like like you said and we talked
about cryptocurrency a lot of there were a lot of naysayers at the beginning of it but i could
i could see the freedom of it where you know i mean if anybody's ever sat down i would encourage
anybody to read the books on the Federal Reserve if you understand how the
Federal Reserve works and the power it exerts. And even I was reading the other day that one of
the problems they have is when I want to transfer money between banks, you know, from my PayPal to
my bank or vice versa, you know, it takes two to three days sometimes to get that transfer done.
And the great thing about Bitcoin is i can press a button
and within seconds you get the money um and i'm like why can't that why can't we live in that
world why do i live in this world where you know i can't get my money from one bank to the next
without taking three days and turns out there's a there's a company that sits atop that those
transfers and controls them.
And the reason it takes three days is because they're an archaic company
with this archaic control they have over banking and banking regulations
to oversee these transfers.
And the reason they're doing it is because they get like a chump of change
off the banks for every transaction that passes through them.
So there's this arbiter that's controlling everything.
And it's all about these controls and power centers,
like you say, the U.S. government, the Fed, the SEC,
all these different controls that they want to have over you and your money.
And the great thing about cryptocurrency is that freedom.
It's just like, you know what?
I don't need any of you.
I'm just going to send money to that guy over there and be done with it.
Yeah. Well, we're and be done with it. Yeah.
Well, we're our own bank with cryptocurrency.
We're our own transaction network. It's PayPal, Visa, and gold or the US dollar all combined.
The best attributes of all three of those are combined into Bitcoin.
I don't think it's going to be this beanie baby fad that goes away.
I mean, a lot of people that are so anti-Bitcoin and said,
oh, it's going to go away.
I mean, I know guys like Peter Schiff are really against it.
I mean, it's largely finding a base here around $6,000.
And the fact that it's $6,000, I think, says a lot about what Bitcoin is and its viability in our system.
And it only continues to show itself more and more resilient each year that goes by.
Because in the beginning, in 2011, 2012, people were worried that, is the network even safe? Can I really put in $30,000 of purchasing power into this and feel fact that it's been around for this amount of time.
10 years is showing itself that, hey, this is something that we can trust in.
And Bitcoin is a beautiful thing, too, that it was birthed out of the 2008 financial crisis.
All of these problems that we're talking about, this was a solution to that, a response to that. And it's difficult to even replicate what Bitcoin did.
It had that first mover advantage and it doesn't have a creator, you know, no central point of attack, even from a creation standpoint.
I mean, it's just the people, the people's money.
And that's a really interesting thing and something I really have opened my mind to over the years.
And, you know, I've made a decent amount of money from it.
I've invested in it.
And I think it's going to be around for the long haul.
Would I equate it to gold?
That's, you know, something that people are scratching their heads about now too. Is Bitcoin
going to be around in 1,000 or 2,000 years? That I'm not 100% certain of. I believe gold is going
to retain its purchasing power for the next 10,000 years if we're still around and the earth hasn't
blown up by then. But Bitcoin might have other competition that comes around.
I mean, there's, in theory,
an infinite amount of cryptocurrencies
that can come out and compete with Bitcoin.
Gold is a physical, finite asset.
But, you know, having said that,
I feel safe saying that Bitcoin is going to be around
and you're safe to put your
money into it for the next 50 or 100 years. I'm not worried about it being displaced in the very
near term. I'm talking long term. I think Bitcoin started something very special that isn't going
away anytime soon. Yeah, I think it's going to be really hard for agencies and everything to
control it. I mean're they're gonna have be
able to have some sort of oversight but um the freedom of being able to move stuff around i think
as more and more i was we had somebody on the show recently who uh oversees different
international transfers of money through cryptocurrencies and they make sure that they
do the checks and balances that pass each different countries various laws on on the legalities of those transfers making sure that they're not
coming from from illegal sources that have either been banned by governments or maybe your drug
dealers sort of thing you know basically they're they're they're applying the tests of the money
laundering principles that the banking business internationally is required to uphold under international laws.
And so it's kind of interesting that certain companies,
certain countries haven't quite adopted or,
or kind of negative towards cryptocurrencies,
but they're slowly coming around.
Everyone's slowly coming around.
Even now you're seeing legalization of,
of exchanges like the the two
twins the zucker whatever twins that claim that they had money on facebook um and and you're
seeing the expansion that uh and like you say yeah i don't know that maybe bitcoin won't be here in
100 years or 50 years or 20 years um there could be something better like maybe something takes it to
the next level there's always stuff being improved constantly in this world and uh so so maybe maybe
there'll be something better but for now bitcoin like you say it's been around for about 10 years
it's uh very well known when if you ask people what what cryptocurrency titles they know. You know, it's going to be Bitcoin, Litecoin, Ethereum.
And, you know, Bitcoin got a lot of press and a lot of news, you know,
that everyone heard about when it was being talked about.
And I think it's going to be a good mainstream one.
There's all sorts of different ICOs and other things.
You can get into depth if people want to learn about that sort of stuff but um otherwise yeah i think it's real future and i think it's going to affect
how markets transfer funds how how how stuff's going to happen um can you buy stock off the
new york stock exchange now with bitcoin yet or is that still still going to go through exchanges and money stuff? I'm not aware of anything that you can do with Bitcoin directly.
I can imagine there might be some sort of service where you pay with Bitcoin, but there's
an instant conversion into US dollars and that gets purchased from there into the system.
Because that's even how a lot of these companies
who take Bitcoin, what they're doing.
They're charging you in US dollars
and there's a conversion that takes place
right before the transaction actually.
So let me ask you this.
We talked about this pre-show.
We're about 10 years into this bull market.
And of course, part of the reason
we've had this long of a bull market,
and I'll let you correct me if you think I'm wrong, but part of the reason we have this bull market is because we hit such a low point.
We had the Great Recession, which was almost a Great Depression, and we hit a low point that was so low that this is probably the longest.
Is this the longest bull run we've had without a recession?
Yes, this is the longest bull run we've had without a recession? Yes, this is the longest bull run we've had without
a recession. I know people have talked about some other ones with like asterisks, depending on what
they consider the correction and what have you here. But I mean, this has gone on now for an
extremely long period of time. And I actually like Donald J. Trump a lot as the president. And I felt like it was a tricky thing to do for him to take on the presidency, you know, eight years into this bull market with essentially the odds against him that there is going to be a massive correction or even a crash going into this really historic bull run here, but he's owned it in so many ways.
And he's instilled a lot of optimism in the economy that I wasn't really factoring in. I
mean, the tax cuts that he implemented was huge for businesses and Americans across the board. How important is it for the future of the country for companies that are all around the world to say, I want to do business in the US?
And the capital that's being attracted here is absolutely amazing.
I know the first quarter of the year, they had like $300 billion of capital that was repatriated into the country.
Yeah, the repatriation was a big deal.
I mean, irregardless of politics and a side of what people think about politics, I know that, and there, I think it was 34 or 36 percent, was making us hugely
uncompetitive in the world, uncompetitive in the world.
And like you say, there's the, you know, Apple was holding, there's a lot of different people
that have been holding money in Ireland.
And they've been parking their funds overseas and have been bringing that money into the U.S.
And like you say, to get repatriated.
And it does make the U.S. more competitive by having a good tax code because people are going to other countries that had had lower percentage of tax codes and using it.
Well, and there's it's this fallacy that gets thrown around that all the the the wealthy people, when you tax people at 90%, the economy does good.
Everyone likes to look at the 1950s and say, oh, this was the greatest time in US history.
And we had a 91% tax rate or something crazy like that.
But we failed to look at the fact that we just decimated the entire uh industrialized world
and we were like the only country left on the block uh to to thrive so you know and then you
got to really look out you know take a really high level view is how bad have been uh the policies
that have been set in place that have essentially incentivized companies in other
countries to grow maybe faster than they would have had we been more competitive here in the US
and didn't encourage capital to go elsewhere. And that's what it's all about. If capital is
incentivized to go somewhere else, that's a job. That's a business that is now not created here in the US.
I'll give you a very personal example. I started making decent money when we started our business
and I lived in California. There was a 13% tax rate. It didn't make sense for me financially
to be there anymore. So I said, okay, I'm going to save my money and go to Texas. Now
the Texas economy gets where I spend it. I spend my money here and the local economy benefits from
that. And Governor Jerry Brown does it in California. So that's just a very local,
personalized example. And these anecdotal things
about you know having high taxes is going to be really good for the country
I really feel like people aren't connecting direct dots when they say
these things because on an individual level when something goes up in price
you are now not incentivized to spend money there. And, you know,
we know that when a car goes on sale, you know, people go and buy the cheaper car, right? We know
this happens. So on a large scale basis, you have to assume it's happening as well. And every time
it doesn't happen, that incentivizes growth somewhere else. And that's the reason why we're seeing China,
you know, and Asia really start to boom and now start to get neck and neck with the US because,
you know, we've allowed essentially that to happen. And I'm not saying, you know,
we need to keep other countries down, but we need to make smart decisions to be competitive
around the world. And I think we've made a step in the right direction with the current president.
So what do you think, what do you see is going on for the future? I'll tell you what my,
what I'm seeing. I'm seeing where we have a job market where we don't have enough people. We have
more jobs right now than we have people to fill them. That causes problems where companies have to start paying more and it costs more for
them to hire. And of course, their costs go up from that aspect. And then also it becomes really
competitive because you're fighting over people. I've been through these things with our companies
where we just, we can't hire people anymore. And so as a company, we can't grow. And if we can't compete, being able to afford to hire people,
we end up just struggling. The other thing is the real estate market is definitely hitting a peak.
We're starting to see like in places like San Francisco, people starting to leave where it's
just, it's just getting too far out of control up in there.
I certainly moved from California a couple of years ago because I got tired of, like you said,
the taxes and the costs of living that are down there.
And of course, being encaged in my house all the time,
because if you wanted to get on the freeway and go somewhere,
it took two hours to get 10 minutes down the road.
So it was that.
But I think we're seeing a peaking of our real estate market,
especially in hot real estate areas.
And we're seeing this tightened job market
where there's not enough people for all the jobs that we have.
And I think we're in line for a correction of a recession.
The Fed might be creating one because the Fed has, of course, been very actively this last year increasing the Federal Reserve rate.
What people don't realize is that's designed to cool the economy down, to raise borrowing rates.
And they've communicated they're willing to do that as much as it takes over the next while. And we may need that to get inflation in control for this raging bull.
So where do you see the next two years going?
Do you see a recession on the horizon, or what do you see?
I do see a recession coming.
But to address your first point about the lack of people to fill these jobs, I mean, I know on an individual basis, that is not great for the company, right?
Yeah.
But it's a sign of how good things are, right?
Yeah.
The opposite is true or the opposite was true in the 2008 financial crisis.
You have companies making no money and laying people off.
And, you know, now we're dealing with an opposite problem per se. But this is something that I think,
you know, liberals and, you know, conservatives can come to agree on. It's a matter of,
you know, getting people here and a good immigration policy. The politicized problem
with this is, you know, allowing, you know allowing people who didn't come into the country
legally to just automatically get a free pass or not have a border, not have rules, not have a
merit-based system because importing a lot of poor people and then these people getting on the system, the system that is very generous in many cases,
is a problem for, you know, the long term success of the country. I mean, if you got something good,
you have to protect it and you have to be responsible with it, right? I mean, you know,
you probably would do that with your own personal household. You give some, but then, you know,
you have to sit back and go, okay, this is what I'm able to do.
And, you know, this is what's good for my household long term.
And, you know, the rest, you know, this is what will be my charity.
And that's it.
But, you know, we've become so polarized with the politics and, you know, we can start getting into, you you know why i think democrats like to have uh
we don't want to go too deep into politics we don't need to go that direction uh but i think
there's an incentive to having uh an unregulated immigration system definitely i mean we we
definitely need to pass better laws on everything that's a given when it comes down to it.
That or maybe pass less laws.
But like I've had friends ask me, they go, when do you think the recession is coming?
I think it's coming in probably, I would say late 2019, maybe early 2020.
I don't know if it'll be a major recession that will be effective, but maybe a mild one.
I don't know. What do you think?
Yeah, no, I think we got a lot of good things in the sense that we're mitigating this in certain ways.
I mean, we might have already been in a recession if it wasn't for the certain things that got passed and the optimism that we've had in the economy up until now.
So it's hard to pinpoint an exact time
that this is going to take place,
but we're already seeing real estate slow down.
Rising interest rates is already slowing down
real estate across the board.
I mean, we're seeing homes sit on the market now
for an extended period of time.
Because the Fed keeps increasing those interest rates,
it increases the cost of borrowing.
So if you want to buy a house, you know, that's going to cool the real estate market because you can't just get, there's not the freedom of credit at low prices anymore.
And so hopefully, you know, the biggest problem I've always had with the Federal Reserve is they always overcorrect.
I don't know if that's your feeling, but it's my feeling from owning a mortgage company for 20 years. They would always overcorrect. I don't know if that's your feeling, but it's my feeling from owning a
mortgage company for 20 years. They would always overcorrect. And they'd overcorrect the federal
reserve rate, and then they'd throw us into recession, and then it would dip, and it'd get
kind of ugly before they would get us pulled out again. Well, and real estate is so cyclical,
and it trickles into everything. I mean, when your housing price goes up, I mean, that's the majority of what people spend their budgets on.
It's their housing.
And, you know, we've seen real estate prices go up much faster than people's income over the last 10 years. And if you own something, especially if you bought
like in 2010 or 2011, you own your home, at least you've captured the equity on the way up.
Imagine the poor millennial who's graduating and maybe 25 years old right now, and it needs to try
to buy a home. I mean, they got to pay really, really high prices
and they're probably in massive amounts of debt
as opposed to say, older generations
who have locked into asset prices
and have been able to ride that up.
I mean, that's a big deal in terms of advantage
for people who've owned assets and who didn't. And one of the biggest
contributing factors for why this wealth gap is taking place is that we've injected all of this
money into the system. And who owns the majority of the assets? It's the rich people. And these
have gone up in value. And that's enriched them while it's just gotten more expensive on everybody else.
So to a certain degree, I don't agree with the Federal Reserve playing favorites
and helping one group and not the other per se, but I'm not progressive in my thinking that we
need to just redistribute wealth and that's going to be the end all be all for our society because I think ultimately Venezuela is our final destination if
we really go down that rabbit hole. But I think a recession is absolutely on the way. We're starting
to see again, it's the signs of this. I can tell you in my own community here in Texas, homes are starting to sit. Realtors might
feel it. Construction workers might start to feel it, the builders, and that starts to trickle into
the auto sales and retail. And once that happens, people start to lose jobs. And it's a cascading
of events like we've seen in other recessions in the past.
And that overcorrection happens just in the cycle of the economy, too.
That's what we saw even in the financial crisis.
And so I definitely think a recession is on the horizon.
And if it comes, you know, it's going to be felt by a lot of people.
And, you know, we're going to see a lot of equity in our homes vanish that we thought we once had.
And I'm sure it'll trickle into the stock market too, which the stocks have been very
volatile, as you've seen since the beginning of the year.
And I think that's because the investors and people on Wall Street, they're starting to
get worried as to how stable this bull
run is and how long it can actually go on for. So it's definitely something I'm keeping my eye out
for and we're covering largely at Crush the Street. Cool. So they can go to your website,
they can learn about the stock market, they can learn about investing dividends. I'm seeing a lot of different stuff
that's on your guys' website for that. Absolutely. If you want to learn about
finance, getting ahead, building a moat, really getting inspiration for how you can advance
your own personal life, yeah, you can reach out to us at Crush the Street. You can visit us and we have a bunch of information and resources that we can give you for free at crushthestreet.com.
My goal is to educate people. My goal is to get people thinking, be nimble, and to opt out of
conventional wisdom because I think conventional wisdom is hurting people in so many different
ways. I mean, if you want to be average, go hook, line, and sinker on conventional wisdom is hurting people in so many different ways. I mean, if you want to be average,
go, you know, hook, line and sinker on conventional wisdom. If you really want to get out ahead
and, you know, live a really extraordinary life, you need to opt out of conventional wisdom.
Yeah, there's so many different changes and things happening. A lot of friends have been
asking me lately, they're like, what should I do, Chris?
Should I stay in the stock market?
Should I move into more secure gold?
Are we going to keep this bull run going?
Is it going to be a recession?
So going to your guys' website,
they can learn a lot about where you guys think the future is going
and get a lot of good advice, I guess.
Absolutely.
You know, I would recommend that people,
if they want a specific link,
go to crushthestreet.com forward slash crash. This is a report that we wrote that discusses the possibility of this recession and the different nuances that are related to the economy right now that are going on and the possibility that we will see stocks go higher in the interim term here and
kind of how to play that because you can't just go all in on anything. You can't just go all cash.
You can't just go all gold. You can't go all stocks. And that's why I advocate for a lot of
different things. I think real estate, by the way, talking about gold and sound money
and Bitcoin, I think real estate is a safe haven to a certain degree. And it's a hedge
against the dollar because property is finite and you have more and more people being born into this
world. And downtown real estate or real estate that's close to the urban city is finite. And I think that is
something that, you know, despite maybe a short term crash, over time will benefit you. And it's
all about not being over leveraged and getting in over your head, because that's the people that
ultimately lose is the ones that have to sell and, you know and get creamed with initial expenses. But what I love
about real estate is that if you hold on to it, cash flow, renting it out, kind of covers up and
washes the sins of the past. If you can hold on to it long enough, you kind of eventually get back
to where you were, as opposed to something else else which might expire worthless. So I have a strong affinity towards real estate and
you know, I own real estate across the country and I believe in cash flow and that moat.
Yeah, cash flow is definitely real important. And of course with real estate, you don't
really lose your money until you sell it same thing with stocks I guess really want to
tell you that it comes down to it but definitely some good advice on how to
get more stuff so the best thing people can do is take and go to your website
check it out read the articles and download some of your reports absolutely
you can visit our website.
If you want to reach out to us,
you can reach us at contactus at crushthestreet.com.
We'd love to interact with anybody.
And if anyone wants to reach out to us,
and I personally respond to my emails,
I'd be happy to communicate with anybody
and give people not advice, but what I
would do in different situations. It's never personal financial advice, but I can share my
own experiences with people just like I have here. Yeah, most definitely. So everyone check it out.
Go to questionstreet.com and be sure to give us a like subscribe to us on youtube hit that bell
notification also you can find us on spotify itunes and google play be sure to refer the show
to your friends names relatives and tell them to subscribe thanks again for being on the show
thank you sir thanks for having me all right and thanks to my audience for tuning in we'll see you
guys next time