Unsustainable Debt, Recession and Why The Aussie Dollar Could Fall Further - with Vern Gowdie

Vern Gowdie discusses the mounting unsustainable debt, deflationary cycles and recession. He also talks about why the Aussie Dollar could fall further while answering some of our readers questions.

Recorded 30th April 2020

Vern is co-editor of the great Rum Rebellion e-letter and editor and founder of The Gowdie Letter. He also has a brand-new ‘virtual planning advisory’ service. It’s currently only available to Gowdie Letter readers, but we’ll open it up to other service subscribers if numbers permit.

===========================================================================
Click Here:
Find out more about Vern Gowdie's 'The Gowdie Letter'
https://pro.portphillippublishing.com.au/m/1545279

Get your FREE subscription to The Rum Rebellion
https://www.rumrebellion.club/subscribe/
===========================================================================

It was a fascinating conversation. It will be the focus for today’s Insider. I hope you enjoy it.

If you’re a long-time reader, you’ll know Vern regularly gets labelled as being our most bearish editor.

He disagrees with that assessment.

He’s not bearish at all, he says. Nor is he bullish. Nor any label.

He simply assesses the market for what it is…and takes the position that is most likely to benefit his capital.

Right now, that position is cash.

So, that’s where we begin…

There were also a few questions that you asked, which I thought Vern was best placed to answer.

So, Simon, you’ll get Vern’s thoughts on where the US and Aussie dollars are heading…

Carmel, you’ll find out how safe bank-held cash deposits really are…and whether it’s the right time to move into hard assets like gold and property.

And Geoff, hopefully we’ll clear up some of your confusion about what an investor ought to do with the prospect of a deflationary bust looming.

The conversation is around 50 minutes, so I’ve taken the liberty of marking on the video where certain questions and topics are covered, so you can flick to the bits that interest you most. The transcription is also below the video if you prefer to read it.

Or, better still, grab a drink of your fancy, sit back and just watch the whole thing…

The advice published by The Daily Reckoning Australia has been prepared without taking into account your objectives, financial situations or needs.

Before acting on our recommendations, you should consider their appropriateness to your specific investment objectives, financial situation and needs.

If you are uncertain as to what your objectives and needs are, you should contact a financial adviser or stockbroker who is licensed to provide you with personal financial product advice

Видео Unsustainable Debt, Recession and Why The Aussie Dollar Could Fall Further - with Vern Gowdie канала The Rum Rebellion