🎧 This week we continue our summer finance series. Our guest today is Simon Mikhailovich, the founder of the Bullion Reserve and a contrarian investor with a very impressive long-term track record. He’s also one of the most popular financial commentators in the world.
I wanted to have Simon on the show because I think he has an important message to share. Simon is someone who worked at the highest levels of our global financial system and by all measures achieved success. But along the way he saw some things that were so concerning he decided to walk away and pursue an alternative path. He’s also someone who has a rather unique life perspective. Having grown up in the Soviet Union, he actually has real world lived experience in something like financial and societal collapse. On top of all this, as you’ll see, Simon has a deep understanding of history.
What you are about to here is a fascinating and sobering conversation about the systemic problems in the global economy, the dangerous potential consequences of extreme Central Bank activism, and the extreme risks we face in the West, both economic and political. We discuss things like the global debt problem, the risks inherent in a hyper-financialized global system, why capital is being misallocated all across the world, and why interest rate manipulation is akin to messing up the calibration of the global economic GPS system.
Don’t worry, it’s not all gloom and doom. Simon offers some interesting ideas on both what you can do to protect yourself from these risks and what we can do together as a society to correct our course.
As always, thanks for tuning-in and hope you enjoy.
Listen to the episode on Apple Podcasts, Spotify, Google Podcasts, and Amazon Music, or on your favorite podcast platform.
