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Cashflow Ninja
794: Marc Faber: What to Do In Gloom, Boom & Doom Times
Sep 4, 2023
Marc Faber, editor of the Gloom, Boom & Doom Report, discusses strategies for protecting wealth in times of disruption, the advantages and disadvantages of living in Thailand, the possibility of a banking system collapse, the current state of business and government spending, revolutionizing the car wash industry with Tommy's Express, positioning during volatile times, and the impact of government lockdowns on economies.
55:37
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Quick takeaways
- Decentralizing oneself, family, community, and business is crucial to escape the negative impacts of a turbulent world.
- Investing in alternative assets like precious metals, real estate, and stocks in depressed markets can help protect wealth during uncertain times.
Deep dives
Economic Disruption and Turbulence
The podcast discusses the rapid changes happening in the world, leading to disruption and chaos in the economy and marketplace. It explores the need to protect wealth and invest for cash flow and alternative assets during uncertain times. The speaker emphasizes the importance of decentralizing oneself, family, community, and business to become sovereign and escape the negative impacts of a turbulent world.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode