Yeah,
mm hmm.
Mhm.
I
think
we're going to see a dollar crisis and the reason for that is that we
have substantially really upped the ante in this game with the amount of money that we're
printing really,
what's going to change is the whole fundamental nature of the current U.
S.
Economy which ultimately has to change eventually anyway because it is
unsustainable,
this is gonna be a crisis from which there are no do overs,
there is no bailout.
So if you get it wrong,
you got it wrong permanently.
And what's exciting is we've discovered more about the human brain,
probably more in the past 10 years in the previous 1000 years combined that we found is for grossly
underestimating our own capabilities.
Learning is your superpower.
Do not downgrade your dreams to meet this current situation.
That's not the way to look at this.
Upgrade your mindset,
upgrade your motivation,
upgrade the method you're using to be able to meet those grand,
audacious dreams.
Yeah.
Mhm.
Yeah,
greetings Welcome to episode nine of our nine part
docuseries,
Endgame,
The coming collapse and how to survive it.
As you can see,
there's an entire universe of information here with many,
many well qualified experts that can give you information that
could absolutely impact in a positive way,
your future in the future for your family.
That's why we created this docuseries quite frankly,
in a self interested way I wanted to learn this information,
but of course,
if I'm gonna bother to go on this journey and explore it,
why not take you with me?
So thank you.
It's been one heck of a journey.
I appreciate you taking it with me and I'm excited.
Episode nine is always one of our most popular episodes in any doctor series.
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This is a phenomenal episode.
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focus on this information.
Let's jump right in.
Next up is my interview with Peter
Schiff and Peter Schiff is a well known economist.
As a matter of fact,
he had predicted the 2007,
Great Recession before it happened,
he saw it coming,
he called it out one of the very few people who did that and man,
was he right on the money.
So when I knew I was gonna be interviewing him number one,
I admire him just because of his extraordinary economic intellect and his
ability to communicate it very effectively.
And number two,
his track record is extremely impressive.
So this is a man whose insight you want to take seriously.
He also is contrarian on several issues.
You see a lot of people think one way Peter might see it another way,
but he doesn't just say it.
He explains why this is a riveting interview chock full of
great information.
Let's dive right in.
Peter thanks so much for spending some time with us here today.
I'm really excited about this conversation.
So right now there's a lot of uncertainty in the world.
A lot of that has to do with economics but you can't really separate that
from what's going on politically etcetera.
What's your view as far as how people should be thinking as far as their
investments or their their finances and how to manage them through this process?
Well,
I think they have to be cognizant of a very substantial shift
that I see coming and that is going to be the world
moving away from the U.
S.
Dollar as the primary reserve currency.
And you have to appreciate the degree to which the US.
Has benefited from.
That exorbitant privilege of creating the reserve currency out of thin air.
Because other nations,
to the extent that they want to import,
have to export to balance their trade if they have to produce the things that
they consume or they have to produce things that others consume so that they can
exchange those for the goods that they want,
but they did not produce themselves well in America,
all we have to do to consume stuff is print money and we can use that
money that we print to buy goods that everybody else in other countries
produces.
Well,
I think that's going to come to an end.
I think we're going to see a dollar crisis.
And the reason for that is that we have substantially really upped the
ante in this game with the amount of money that we're printing.
So the U.
S.
If it doesn't become the reserve currency,
if it loses its status,
you see that coming,
And how long do you think it might be before that happens?
Well,
it's it's hard to say in a exact timeframe.
But I think what we are going to be seen immediately
is a decline in the dollar's purchasing power,
not only relative to other currencies.
And you'll see that in the exchange rate,
but relative to goods and services here domestically.
And that's already begun.
Now,
the Federal Reserve is kind of being very dismissive of what we're seeing
in producer and consumer prices in import export
prices,
looking at the prices that are being paid all through the supply chain.
And,
you know,
they are moving up very dramatically.
And the Federal Reserve seems to be confident that what we are witnessing is
transitory and that soon prices will come back down and we
will not experience and elevated,
uh,
increase in consumer prices.
And I think the Fed could not be more wrong.
It is very reminiscent of the early days of the financial crisis,
when the Fed was reassuring us that there was nothing to worry about from the problems that
were in subprime.
Because the Fed said,
don't worry,
those problems are contained and it's not going to affect the broader
mortgage market.
It's certainly not going to have any impact on the economy.
So that was how the Fed Reacted to those early warning
signs that a big problem was coming.
They told us there was nothing to worry about.
They're doing the same thing now with inflation there assuring us that it's
transitory inflation is going to stay around 2%,
maybe lower and they couldn't be more wrong.
We're going to experience inflation rates far in excess of anything we
experienced during the decade of the 1970s and I think the economy is going to be much
weaker.
So rather than stagflation,
which is how they describe that period.
I think what we're entering now is an inflationary depression.
What will the impact be,
you know,
for the average investor out there when this occurs?
Well,
depending on how their portfolios are allocated,
the biggest losses will be for people in fixed income,
people that have bond portfolios,
people that have cash values and insurance policies or
annuities,
things like that are just gonna be completely wiped out.
I mean,
maybe not to zero,
but uh you know the vast majority of the purchasing power or will go away
and so most people are just not going to have sufficient
resources to fund their retirement if they were planning on doing it
through traditional portfolios with fixed income.
To the extent that you have a lot of stock market exposure,
I think the losses will be less in real terms,
but certainly if you're in the wrong stocks,
if you're in a lot of these high multiple stocks um you know,
you could see significant losses there.
I think the portfolios that will do the best would be value oriented multinational
stocks,
stocks that are able to pay good dividends that derive a lot of their
earnings outside the US personally.
What I recommend is that people invest outside the United States.
I think the stocks that will fare the best will be companies that are completely outside the U.
S.
Uh and that are domiciled in countries that are in much better economic
shape where their dividends will be paid in currencies that retain a lot
more of their value.
And I think when you're looking abroad I think some of the best returns will be
in the emerging rather than in the developed markets.
And I think some of the sectors that will do the best uh will be those that benefit
most from inflation.
So you look at a lot of resource sectors mining both industrial and precious
metals,
precious metals in particular also oil and gas,
alternative energy,
agriculture,
things of that nature.
We'll do particularly well.
I think their earnings are going to grow and their dividends will be able to be increased
And that will help people survive an inflationary
era where the cost of living domestically is moving up so
rapidly.
Do you see this as a something that will come and go or that there might
be kind of permanent ramifications to what's going on?
I mean,
it just seems like there's a complete disregard for fundamental laws of economics and
uh and as you said,
they're upping the ante to such a degree that,
you know,
is it is it something that we can eventually recover from again after a lot of pain?
Or how do you see it?
Yes,
I mean,
we can recover from it,
but yes,
a lot of pain will be required first.
But really what's going to change is the whole fundamental nature of the current U.
S.
Economy which ultimately has to change eventually anyway because it is under
sustainable.
We have to return to a legitimate
economy that is driven by savings and investment
which leads to the production of goods and services and
then comes the consumption.
So the consumer is at the end of the process and he's not the driver,
he's the caboose,
not the engine,
the way our economy is oriented now,
it's all about people spending money,
even though they didn't produce anything to buy with that money.
Well,
we'll just import it from china or other countries that's going to
stop.
And to the extent that americans want to borrow money,
there is going to have to be some other americans who are saving that money.
Uh,
you know,
we just can't all be running debt.
And so the entire structure is going to change.
Americans are going to have to go back to saving their money and then buying
stuff from their savings,
not using a credit card to buy things that they can't afford.
And we're going to have to go back from the current service sector type
economy to more of a manufacturing economy.
I mean that doesn't mean we can't have any services but we're going to have to manufacture a lot more
stuff than we're manufacturing today.
And how do you do that?
Well,
you need a lot of factories.
Well,
where did the factories come from?
Well they got to be built,
where does the money come from?
It needs to be saved.
A lot of workers are going to need to be retrained.
That's gonna take money that's going to take time.
So we're gonna have to allow the nation to be transformed.
And during that transformational period americans are going to be living
a greatly reduced standard of living because a lot of things that americans were
able to buy,
they're not going to be able to buy.
And so americans are gonna be spending a lot less,
they're not gonna be shopping as much and traveling as much.
And uh,
so that that's going to be a transition that,
you know,
is obviously going to be difficult for a lot of people.
But it's something that we as a nation have to go through because of the
structural problems that we have.
And the source of those problems primarily has been the Federal Reserve
for the artificial suppression of interest rates,
which has encouraged an excess of consumer debt,
has discouraged the type of savings that would lead to capital
formation and production.
And the Federal Reserve has also been there to subsidize and
incentivize this enormous growth in federal spending,
which has crowded out the resources that the private sector otherwise would have been
able to avail itself of to be put to productive use is.
So we've got this enormous government that needs to be diminished down to a
manageable and affordable level.
Uh And we're going to have to go back to you know saving and producing
and and away from just uh spending and consuming you know all these
variables that you talk about that are.
You know I think these issues were issues prior to Covid.
But now Covid comes along and now your changes are the
dynamic of everything that's going on.
How do you see the impact of Covid?
And do you think that's gonna pass?
Or do you do you think that we've got more pain coming from Covid?
Well I mean Covid certainly exposed uh underlying
problem.
And obviously with Covid,
yeah the U.
S.
Economy now is an even more difficult situation than prior to
Covid.
And you know the biggest threat from Covid isn't even a
disease,
it's the government's cure.
I mean the government is inflicting more damage to the economy then Covid.
I mean,
yes,
there are people that are dying from Covid.
But a lot of those people would have died from something if it wasn't Covid.
Uh,
it would have been something else.
I mean,
you have a lot of people in their eighties and the nineties that are dying of Covid,
but people die in their eighties and nineties all the time.
Um,
you know,
I mean,
a lot of people are dying of Covid instead of the flu,
which they might have gotten if they didn't get Covid.
But so,
but who knows?
But yes,
I mean,
some people,
maybe their lives are being,
you know,
cut short a bit,
but that's not what's damaging the economy.
I mean,
that may be damaging to those individuals into their families.
On a personal level,
right?
But I don't think that's what's inflicting all the damage on the economy.
It is what the government is doing to prevent Covid from spreading.
And whether or not they're even successful,
you can argue that for all the efforts to lock everybody down and have everybody
wearing masks.
The question is,
did we even really bend the curve in any significant way over what would have happened if we just,
you know,
allowed an immunity to develop naturally among the population?
But but who knows?
But what's happened is the minute,
you know,
Covid became an issue and the government said,
okay,
we all have to uh,
you know,
uh,
stay at home and quarantine ourselves,
right?
A lot of americans who were working,
left the workforce.
Now,
what should have happened is consumption should have gone down,
because after all,
people are not working,
they're not producing goods and services,
they're staying home so they should be consuming less and of course
there's less to consume because they're no longer working to produce things.
So consumption should have come down and the economy should be
in a recession.
But what the government did is they ordered everybody to go home and stop working,
but they didn't want everybody to stop spending.
So basically they sent everybody money so they could keep spending even though they were no
longer working.
That is a disaster of a policy.
It's the opposite of what they should have done because now we're producing fewer goods and
services to buy,
but everybody's got more money to spend to buy the goods and services that we are not
producing.
And in fact,
the government made it even worse.
The government actually gave people more money
when they were not working than what they earned when they did work.
And they actually created a perverse incentive for people to not want to
work and to use Covid as an excuse for not going to work
because not going to work pays a lot more now in America than going to work.
But again,
when you go to work,
you're at least productive when you're sitting at home,
you know,
shopping on amazon and watching netflix,
you're not producing anything.
So where is all the goods coming problem that you're consuming?
They're coming from china,
right?
I mean,
that's what's happening and this is just massive inflation.
So we took a problem that we had and we made it much worse.
The budget deficits before Covid,
we're about a trillion a year now there,
fortunately in a year or whatever they are.
I mean,
the government right now is borrowing 70% of the money
is spent.
I mean,
that is an unprecedented level of borrowing.
And the Lion's share of that is coming from the Fed because we can't find
buyers in the market for all of those bonds.
Uh And so the Fed is printing the money.
But it's not that the U.
S.
Government directly that is borrowing.
Look at Social Security.
Social Security is so broke at the moment that they're not collecting
taxes from all these people who aren't working.
But so many people are drawing benefits.
So now the Social Security trust funds end quote because they're not really trust funds,
but now they're having to deplete their reserve of Treasurys.
They're now selling those treasuries into a market that doesn't want them because the tax revenues are
no longer sufficient to make the Social Security payments.
Meanwhile,
they're talking about forgiving student loans.
But in the interim,
they told the students,
you don't have to make your loan payments.
So where,
how are the bank's getting paid?
Well,
the government printing the money there to do that.
And we may even forgive the loans,
which is massively inflationary Because all the loans that are forgiven that money needs to be
replaced by the Federal Reserve,
I mean,
they're not going to raise taxes in order to cover the cost of forgiving,
you know,
one or $2 trillion dollars of student loans.
So this is a complete disaster.
They have accelerated the pace of the money printing.
And I think they have certainly brought forward the day of reckoning,
which,
you know,
may end up being a good thing,
you know,
because,
you know,
the further down,
you know,
down the road,
we kick the can the worst of problems get.
So to the extent that maybe we have shorten that timeframe between now
and a complete crisis that may actually,
in the long run,
end up being a good thing.
Well,
you know,
you lay out so many of these actions and variables that
are really disturbing,
like you said,
maybe it's gonna bring to it faster and then there's,
you know,
sort of the psychological or spiritual aspects of,
to your point being on the ground and having many friends who are entrepreneurs and trying to get them to come
back to work when they could open up their businesses again.
And exactly what you're saying is,
hey,
they're getting paid more not to show up to work and they can't get people back in.
The consequence also is that once people are stopped working and getting paid not to work,
try to get them back in the mindset of productivity,
very,
very difficult to do and nobody wants to do it.
People don't want to work,
you know,
where I live,
you know,
here I'm in Puerto rico.
They,
they closed all the schools,
you know,
even the,
the government,
the governor orders,
all the schools closed.
So even the private schools where my kids are,
they can't go to the school.
Uh,
then they vaccinated all the teachers,
they were at the front line,
right?
They vaccinated the teachers before they vaccinated my 80 year old mother who is here.
Right?
So they,
so they said,
we got to vaccinate all these teachers so the kids can go to school.
So they finally opened up the school.
I have a second grader who's going,
it was going to school wearing a mask.
All the teachers were vaccinated,
the class size was diminished.
There were only six kids in his class and they were all spread out and they were all wearing masks
and the teachers were vaccinated.
And then like 10 days later,
the Covid cases increased and they ordered all the schools closed again.
Why?
The teachers are vaccinated?
The kids have masks.
Why can't they go to school?
I mean,
but I think it's because the teachers don't want to work and they say,
hey,
we don't want to risk getting Covid,
okay,
you don't have to go to work,
but we're still going to pay you.
Right.
I mean,
the government has has this precedent that people get paid even if they don't work.
I mean,
people are not dumb.
They just assume skip the work and and go directly to the paycheck because
most people don't have a job because they enjoy working.
They have a job because they don't want to go hungry.
They have a job because they want to be able to pay their rent.
So the job as a means to an end,
the ends are the paycheck.
But if the government says hey you can just have the paycheck.
You can skip all the all the work.
Well that's what people are going to want to do.
And in fact the unemployment benefits are now so lucrative that the fraud in
unemployment is gone through the roof.
There are so many fraudulent claims.
And not only is there a greater incentive to put in a false claim but the
government actually made it easier because once Covid came in they made it much
easier for people to apply for unemployment benefits.
Uh And you don't really have to prove that you're the person that you claim you are.
And so pretty much all you need is somebody's Social security number and you can just
pretend that you're them and pretend you got fired and just give the I.
R.
S.
Or whatever the government appeal box to send your unemployment benefits to.
And you can do this as many times as you can find people's Social Security numbers,
wow.
I mean you know really disturbing.
So now if I'm you know I'm not a you know a billionaire investor but
I'm uh you know kind of an average investor that says I've got a certain amount of
resources.
Um You know,
everything that you're saying makes me very fearful of the future and what might
happen staying in cash as it makes sense because what you're describing,
it's gonna get inflated so bad that these dollars are gonna be worth much.
Well,
exactly.
You have to understand.
What americans have to understand is government isn't free,
Right?
So when we pass a $2 trillion dollar stimulus bill with
no tax increases to cover the costs,
or the government doesn't cut spending in other parts of the budget.
Like let's say the government said,
hey,
we need some domestic stimulus.
So we're gonna cut the defense budget and we're going to take the money that we're not spending on the
military and we're going to use that for these domestic programs.
But that's not what they're doing,
right.
In fact,
we're increasing the defense budget at the same time that we're increasing
spending dramatically nondefense.
So somebody's got to pay for this now.
We can pretend that the rich are going to pay for it.
Uh you know,
with tax hikes,
if they're not,
it's not even to come close.
Yes,
the rich may pay more taxes.
They may not,
you know,
who knows,
because they may alter their behavior to avoid these higher tax rates.
And it could actually result in lower tax revenue to the U.
S.
Government despite the higher rates.
But even if they do get some extra revenue,
the revenue they get will pale in comparison to the money they're spending.
So where is the government getting this money?
Well the Federal Reserve is going to print it?
Well that doesn't mean it's free.
And so the way this process works under normal
taxation right?
The government takes your money right?
They have an income tax or property tax or sales tax and money goes directly
from you to the government.
Now you can't spend the money because the government took it and now they give it to somebody else who spends it,
right?
And that's how taxation works.
Well what if the government just gives money to somebody else?
But they don't take any money for me?
That doesn't mean I'm not worse off.
because what happens is when the government prints money and gives it to somebody else who didn't earn
it and who didn't produce anything to get it?
That person now can spend that money the same as somebody else who did earn
it and did produce stuff.
So now that person that got this government money that was just printed,
goes to into the marketplace and starts buying stuff,
well,
that means prices are going to go up for the stuff that they're buying.
And assuming we're buying the same types of things.
Now,
I'm going to have to pay a higher price because more people have money to buy those
goods and services.
And so what actually happens is the government has taken my purchasing power.
So because the prices have gone up,
I can't buy as much stuff.
So it's basically the same outcome.
If the government taxes me and takes 10% of my money,
right,
well then I can only by 90% of what I could have bought had they left me with all my money.
Well,
if the government doesn't take my money but prince money and gives it to my neighbor and because my neighbor
starts buying stuff,
the price of everything goes up 10%.
Right.
Well now I'm buying less in the same proportion that if the
government had taken the money from me.
So inflation is a tax,
it's just a tax that most people don't realize that is a tax because they
just think they're they're paying higher prices.
But the reason they're paying higher prices is because the government printed money and gave it to
somebody to spend and so they took my purchasing power.
So the inflation tax is going to be devastated because prices are going to
surge.
So what you need to do is avoid that tax by avoid
owning dollars and dollar denominated financial assets.
So you've got to sell your dollars and get into foreign currencies by owning
foreign assets denominated in those currencies,
where they pay dividends,
those currencies and then you want to own real things,
commodities,
resources,
businesses,
not paper.
And I think outside the United States is going to where you're going to get by
far the best investment returns and and escape to the
greatest degree possible.
Uh this inflation tax.
Do you think that the United States is the most irresponsible
economically?
Which is why you go outside of it?
Uh you know,
there are other countries being a little bit more rational in their approach?
Well,
I wouldn't say we're the most irresponsible.
I mean we're certainly one of the most,
but we're not the most.
Yes.
Which is why I'm selective when I go abroad,
right?
I'm not trying to jump out of the frying pan into the fire.
So it's just not,
you know,
we have to look at all the various countries and you can assess
their their positions.
Are there any that you feel good about right now?
Yeah.
I mean,
look,
no country is pursuing the
correct policy because everybody has interest rates too low.
Everybody's printing too much money.
So that's not something that's unique to America.
But I think we are the driving force behind that because the
dollars,
the reserve currency and so kind of we export our bad monetary policy to the rest
of the world.
I think when the dollar is rejected and is no longer the reserve currency,
then sound or monetary policies will ensue in other countries.
But really what I look at is countries that have trade surpluses,
not deficits.
Uh countries that governments,
the budgets are relatively imbalance or they have deficits.
They're not chronic.
Maybe they have deficits now due to Covid but they haven't historically run deficits.
Their budgets have been balanced or they have surpluses.
I like countries that have relatively low tax rates to
which means that they have no deficits and low tax rates.
That means government spending must also be relatively low.
Countries that have fewer regulations that don't interfere as much in the
capital markets in the labour markets.
Right?
So you have more economic freedom and that generally means more prosperity and
better returns for for investors.
But the main problem though with the U.
S.
Is that the US.
Is not really held to the same standard as other nations that act
recklessly because the market ultimately brings an end to that behavior.
Because their currency drops prices go up.
Interest rates go up and the market forces a reform
in order to avoid an even worse crisis.
But we have been exempt from that because of the dollar's role as a reserve
currency.
So we're not held in check with the same type of external disciplines
that a lot of other countries have as a result of that.
We've got,
we've gotten away with it for so long and therefore the underlying
balances have gotten much greater than they otherwise would have.
You know,
grown too.
Had we had to deal with the problem earlier because market forces
forced our hand.
But those market forces are not going to be kept at bay indefinitely,
Right?
We're going to have to deal with it.
And because we succeeded in kicking the can down the road for as long as we did,
it's gonna be so much worse when we can't kick it anymore.
What are your thoughts around gold and other precious metals?
Is that a good place to go?
Yeah,
absolutely.
I think gold,
silver even more so than goal right now,
really do not reflect the degree to which inflation is going to
ravage the typical investor in his portfolio.
I think you still have a lot of confidence for whatever reason is beyond me in the
Fed and their ability to a forecast the economy
and their ability to fight off inflation and to make sure
it doesn't become a problem.
I mean,
the Fed has no ability.
I mean,
a even if they thought an inflation problem was brewing,
they wouldn't warn us about it and they certainly wouldn't do anything about it.
Because the only thing they can do about it is the opposite of what they're doing now letting interest rates
go up and shrinking their balance sheet,
meaning selling us treasuries into the market and forcing interest rates
higher and taking money out of circulation.
Well,
if they were to do that,
we couldn't have any stimulus.
In fact,
we have to have sedatives.
If the Federal Reserve did what was necessary to fight inflation,
the government would have to cut spending right now dramatically.
Not only couldn't we have stimulus,
they have to take away the stimulus that they already supplied.
Uh So it's your nonsense to believe that the Fed
has the ability or wherewithal.
I mean,
even if they have the tools to fight inflation,
there's no way they're using them because in the Fed's mind,
the cure for inflation is worse than the disease.
So we're going to get a whole hell of a lot of inflation and I think it's a fatal
disease.
I think the Fed is mistaken if they think hyperinflation is
worse than a recession or depression.
It's not hyper inflation is the absolute worst outcome that the Fed should be trying to
avoid at all costs.
Um And you know at this point they just don't recognize that.
So crypto is another place that people saying maybe that's where I need to go.
You know,
kind of decentralized finance and you know,
go there,
what are your views on that?
Yeah.
You know I think people who are buying Bitcoin or any Cryptocurrency because they think it's an
inflation hedge,
they think it's a store of value.
I think they're mistaken and they're in for a rude awakening.
In fact it's highly likely that the Crypto currency
bubble will pop before the dollar bubble.
We'll have a crisis in Bitcoin before we have a crisis in the dollar.
Now maybe we won't,
maybe we'll have a crisis in the dollar and then we'll have a crisis in Bitcoin.
But there's a crisis coming for both.
Obviously the ramifications of a dollar crisis far exceed the
ramifications of a Bitcoin crisis because the number of people who own Bitcoin in the scheme of things
is relatively small.
But for the people who own it it'll be a pretty big crisis for them,
especially if they've been Hotaling it and they have their entire net worth in Bitcoin
and they're operating under the delusion that one day they'll be rich when they wake up to the
reality that there in fact impoverished because everything they thought they had is gone.
It's going to be a big problem for for those individuals and their families I know love them are
there with you in Puerto rico also.
So it's it's you probably have some good conversations down there.
Some of them are helping to build up the real estate prices.
So maybe a lot of these uh Bitcoin millionaires are no longer
millionaires.
They might have to sell some of these houses that they bought.
But but the only reason they were able to buy those houses because they were able to sell some
Bitcoin.
Uh And the only reason they were able to do that is because there were some fool willing to buy it.
But the supply of those fools is going to be exhausted and you
know there's nothing there.
I mean people think Bitcoin uh you know is digital goal.
It's not,
I mean maybe it's digital fool's gold,
but it's nothing like the real thing.
Uh you know,
Bitcoin is no more digital gold uh than
digital food is food.
You know,
I mean I can't eat digital food.
It doesn't provide any nourishment to me.
If all I have is a diet of digital food,
I'm going to starve to death.
All right.
So uh you know the same thing.
You know,
you can have all the digital goal you want but you can't do anything with it.
You can't conduct electricity with it.
You can't you know here I have a watch.
You know,
you can't make a watch.
I got a ring.
You can't make a ring with Bitcoin the way you can't with gold.
You know,
you can't you can't fill your teeth with Bitcoin the way you can.
I mean they use gold in aerospace and in medicine is all sorts
of uses.
Gold is the most useful metal on the periodic table.
Uh Bitcoins used for nothing and it's no different.
You know from the nine or 10,000 alternative cryptocurrencies that
you could buy if you don't like Bitcoin.
I mean look at this coin.
Does coin which has come out of nowhere the sport.
I don't know as I'm recording this of 40 $50 billion market cap.
It's the sixth or seventh most valuable by market
value of the Kryptos.
And it was started as a joke.
It was supposedly to to make fun of Bitcoin and Cryptocurrency.
Uh And look at it.
But I mean there's no real difference between that currency.
You know you've got the people in the Bitcoin laughing at those coin.
Oh you know that's a joke.
Well Bitcoins the same joke.
They just don't get it.
Yeah.
You're laughing because we think in economic terms about supply.
I never thought in terms of supply of fools but I guess that isn't even,
well even that supply has a limit.
Yeah there's not an unlimited number of them but there but the supply is certainly
much greater than I thought originally.
So Yeah,
I mean,
but you know the supply of cryptocurrencies exceeds the supply of fools.
That's the problem.
So uh do you think that real estate is a good hedge against inflation right now?
Is that a place that is that place where you put some money?
Well,
I mean,
yeah,
it depends on where you've got your property.
I mean,
I certainly see the trends of people wanting to get out of the cities.
I don't think that that was a one off thing.
I think that Covid accelerated a trend that probably would have
happened anyway.
I think remote working is going to become
increasingly more common and preferable two
workers because a lot of people don't like commuting back and forth to
work ah because you don't get paid to commute,
you can't even deduct a community expenses from your taxes.
So that's a pure waste of time that you spend going back and forth to
work.
And so I think more people are going to want to work at home,
but now that you no longer have to worry about commuting it makes
living you know far away so much easier.
I mean people in order to avoid commuting,
people would live in the cities,
but if you don't have to commute then why live in the city?
You can just go out in the suburbs or out in the country.
And you've got escalating taxes in these big cities and you've got accelerating
crime which is only going to get worse.
So you're going to have more crime,
you're gonna pay higher taxes and the cost of living in general is high.
And if you're going to work from home,
you know how you're going to work from home in a two bedroom apartment and three bedroom apartment,
especially if your kids are also home school because they can't go to school and they
can't go to the park to play because they're shut down and so you're just in this little apartment.
So I think there's gonna be a lot of demand.
People are leaving new york,
they're leaving boston,
they're leaving philadelphia,
they're leaving Chicago,
they're leaving los Angeles san Francisco and they're spreading out.
And so obviously you're going to see prices bid up.
The cost of building new homes is skyrocketing.
The raw material costs are skyrocketing,
the labor costs are skyrocketing.
So if it costs a lot to build a house,
the value of the houses that have already been built is higher because it costs more to
replace them.
So.
Yeah.
And to the extent that you can buy a house with one of these mortgages,
a 30 year fixed rate mortgage,
sub 3% or whatever they are right now,
The inflation rate is going to be so much greater than 3%.
So basically once you get beyond your down payment,
you're really getting the rest of the house for free because inflation is going to wipe out the mortgage that
you took out.
So as long as you are confident that you're going to have the cash flow to pay that
mortgage.
Yes,
I think it works well as a hedge against inflation.
But you know,
your real gain is as a debtor because if you understand the way inflation works,
it transfers wealth in addition to being a tax and transferring purchasing power to the
government.
It also transfers purchasing power from creditors to
debtors.
So if you've loaned out money in an inflationary environment,
you are a loser And you are losing to the borrower who borrowed
money from you and we're the interest rates that they're paying.
You are not high enough to offset the loss of purchasing power due to inflation.
So if inflation is 10% a year,
but I'm only getting 3% interest,
I'm losing 7% a year.
Well,
that means the person who borrowed the money from me is gaining that 7% a year.
So yes,
but again,
you know,
I think that other assets will do better than us real estate.
It's just hard to get that kind of leverage.
You can get a lot more leverage with real estate.
Then you can,
you know,
if you want to borrow money against your stock portfolio,
You know,
the most you really get is 50%.
You know,
a lot of people can buy real estate with less than 10% down,
maybe less than 5% down.
And the difference is if you borrow money to buy stocks and the stocks drop,
you get a margin call,
you have to put up more capital and if you don't have it,
well,
they sell your stocks,
but it doesn't matter what happens to the value of your home,
you never get a margin call.
All you have to do is make the payments and the lender can't do anything about your
collateral as long as you're current on your alone.
But with a brokerage loan,
you know,
if you can,
if you don't put up additional collateral,
they just blow out your stocks.
You know,
so it's very difficult to really get good leverage uh,
for most people beyond a home mortgage,
but to buy a house for cash,
I I think that really defeats the whole benefit.
I told people,
look,
you know,
it doesn't make sense not to have a mortgage.
I mean for the average american because they're going to make more money as a debtor than they will as a
homeowner.
And,
but as far as real assets,
I think foreign assets will out compete out return us real estate.
I think in terms of gold,
if you want to think about how much is the average house price and gold,
I think home prices are going to crash in terms of gold over the next 5 to
10 years.
So people with gold will be able to buy a lot more houses than
people who are just holding dollars.
They may not be able to buy any houses because the price of a house in dollars could be going way
up,
while at the same time,
price in gold is going way down because gold reflects what's
actually happening to the value of the house.
But paper just reflects the inflation.
So just,
you know,
if you buy a house for $200,000 and it's worth $2
million,
that's really a reflection of the dollar losing value,
not your house gaining value.
If you want to see what's really happening to your house,
you measure the price and goal.
So,
and this leads me to my last question for you,
are you talking about,
you know,
being a debtor during inflationary times,
the low interest?
Because it's inexplicable to me all the moves the government making the feds making,
you've laid it at your premises I think are irrefutable.
You know,
the logic is there and it's like how can they,
why would they,
what's the motivation?
Because it just looks like it has to end in disaster is just a matter of when.
But one of the things like you just answered your own question,
what's the motivation?
It's going to end a disaster?
And and for our elected officials,
the only disaster that they really care about is not getting
reelected.
That's the biggest disaster for any sitting member of Congress.
Or,
you know,
a lot of these guys,
they want to die with their Senate seats,
right?
That's how you get him out of office.
They die in office,
right?
So they don't want to lose an election.
And so they don't want the crisis happening prior to the next one.
So everything that they do is designed to buy themselves another term.
Just kick the can down the road to get by the next election.
And then if they get by that election,
Well,
now their goal is to get through the next election.
And and because we've done this for so long,
right,
the collapse now is gonna be so great that they have even more incentive not to have it happen on
their watch and to try to kick the can down the road for their successor.
So that is why they're trying to do this.
You know,
And I,
some people think,
look,
maybe they're doing it on purpose.
Look,
they're not smart enough to destroy the country on purpose.
They're doing it by accident in pursuing their own
selfish,
you know,
interests rather than doing what's right for the country.
You know?
And of course,
you know,
the country also is to blame.
I mean,
the people who are voting,
I mean,
the reason the politicians are afraid of doing the truth is because they know how reckless and
irresponsible the american electorate is.
What are people voting for something for nothing?
Right?
So they're not voting for people who promise bitter tasting medicine.
They want snake oil.
You know,
they don't want to go on a diet.
They just want some cream that they can rub on their thighs and magically make the fat go away,
right?
They don't want to,
they don't want to stop eating junk food.
They don't want to have to go to the gym.
They don't want to be told that.
Uh and so the politicians are listening to the voters and they're giving them what they
want.
A fake economy that they can believe it rather than a reality that they have to deal with.
Yeah,
well,
I think that does sum it up really well.
And you know,
when I look at how they can service uh Social Security,
et cetera,
they have to inflate their way out of,
you know,
they're paying you back with less dollars than you paid in.
You know,
it seems to be that game that's rolling forward.
That has to,
and I mean no politician has the guts to tell senior
citizens were reducing your Social Security so they don't reduce
the Social Security,
they reduce the value of the benefits through inflation.
But I think there's gonna be so much inflation that they're basically going to destroy the value of
Social Security completely.
So people are going to get Social Security checks and maybe they can use them uh you know,
to line the bird cage because they're not going to be worth anything if they try to go to the
supermarket.
So uh last question and I said that was the last time.
But this is really the last question because you know,
you brought up the idea of investing overseas,
which is something that,
you know,
I have no familiarity with.
But the work that you do with the epoch funds is that like,
so if I'm sitting and say,
okay,
I think I want to I need to do that,
what you said made a lot of sense,
is that what you do is that you find the right investments and then you put together funds and could we
invest in those funds?
Yeah,
absolutely.
First of all,
I have five mutual funds right now that people can purchase at any of the major discount brokerage
firms and within my funds,
I am making those types of investments on your behalf.
And I think people need to do this sooner rather than later,
because what's likely to happen once the dollar really starts to fall and now a lot of
people are cognizant of this risk.
I mean,
they're they're very complacent right now.
They don't even realize that this storm is coming and so they're not doing anything,
you know,
to protect themselves.
But once it's more obvious that there's a problem here,
and a lot of people are rushing to get rid of the dollar right before it loses more value,
the government is going to try to slow down or prevent the exodus.
And so what do they do?
They do exchange controls,
right?
They make it illegal for you to take your dollars and get euros or swiss
francs or you know,
japanese in or they put a big tax on doing that,
right?
And so that will make it a lot more expensive to do what I am encouraging
people to do right now,
because right now,
not enough people are doing it,
that the government is concerned about putting a stop to it.
But what happens once you really get into a situation where there is massive currency
flight,
capital flight from a country,
uh the government tries to stop it because the government wants to take our purchasing
power.
They want to tax us through inflation.
Well,
if we start avoiding the inflation tax by buying gold or
buying swiss franks or buying stocks in Singapore or Norway,
whatever I'm doing,
the government wants to stop us.
They want to close the loopholes so they erect barriers in the form of exchange controls
or taxes uh to make it very difficult to do what we're doing right now.
So that's why you gotta get in ahead of the curve.
You got to buy your foreign stocks,
you gotta get rid of your dollars before the government makes it very expensive to
do it.
And of course as you're dollars are falling in value,
you're going to get less and less when it comes to what you can buy internationally,
right?
Because so the longer you wait to get rid of your dollars,
the less value they're gonna have when you get rid of them,
but you don't want to get rid of them just by spending them.
Although people can do that.
I mean,
I have advised people,
let's say you don't have a lot of money,
right?
What could you do?
Well,
as long as you have room in your house,
which is another reason to get out of the city with a small apartment and get yourself a big
house because you have some storage and you can go buy a bunch of products,
food items that don't perish or toiletries or batteries or whatever you think you're going to
need by those things now and just stockpile,
um,
because the return on that investment is going to be pretty good relative to what it would cost you to buy those
things in the future,
assuming they're even available because there could be shortages of all these things.
In fact,
prices could be rising so rapidly that the government imposes price controls,
which means the only way you'll be able to buy these things is on the black market illegally.
So you might as well buy it now while you can do it cheaper and,
and more legally.
And also that that reminded me too,
is something of a point I was gonna make about why people want to live in the
suburbs or in the country because once you've decided that you're going to work from home,
you need a home office,
You need some space where,
you know,
you can close the door and you know the kids aren't gonna bother you,
right?
You have to be able to work,
you have to be productive.
That means you need more room,
right?
So you need a bigger house so you can set aside a space where you can work and the
same thing for your kids if they're going to be in and out of school and having a school from home,
you need space.
So people that could get by with small apartments find that they need a lot more space and
they want more of their own personal space.
Because if you're gonna be stuck at home under quarantine,
you need a yard,
right?
You need some room to run around the kids,
you have to be able to play.
You can't be all cooped up in an apartment in a city.
So you know,
people want out of those environments and so yeah that's something making the house is more valuable.
But you also need the space so you can store up all the food that you're buying
now right?
So you don't have to buy it later when it costs a lot more or it's not even
available really good investment to making yourself in your future.
So peter I not only appreciate just the expertise and information but the passion that's behind it.
So thanks so much for taking the time.
My pleasure.
Hopefully your documentaries aired in time for people to do something about it because you want this
to be you know a warning in advance.
You don't want it to come out.
And now the whole thing is history lesson Because if people are getting the information after
the fact it's not nearly as valuable as before.
But of course,
you know you could take a horse to water but you can't make him drink.
You know,
a lot of people will get the information and just do nothing.
Uh,
and so,
you know,
you don't want to do that.
You know,
I was,
I remember before the 2008 financial crisis,
I was trying to get people the shorts,
the subprime market in particular.
I went to um Uh,
Las Vegas in 2006 And I did a debate on
housing in front of 3000 mortgage bankers at their Western regional mortgage bankers
conference.
And you can see that on Youtube if you just go peter Schiff mortgage bankers.
And remember I made that speech in 2000 and six and I described everything that was
about to happen in 2000 and seven and 2000 and eight.
But the reason I was there is I made a deal with them.
I said,
okay,
I'm gonna come down there and speak to your group,
but only if you give me a workshop where I can explain my hedge fund that
shorts the subprime market.
Because I said,
these guys are all mortgage bankers,
they're about to lose their entire career,
Maybe they want to hedge their career by making a bet on the don't pass line and like
short some of the mortgages that they're helping to originate.
And I thought these guys ought to know these liars and the loans are no good,
no dot nothing down teaser rates.
I mean,
they're they're at the epicenter of the problem.
They more than anybody else.
They recognize that it's not gonna end well and I'm gonna show them a way to profit from the collapse of the
real estate market.
And they said,
okay.
And so they gave me my workshop and so I went and I spoke to these 3000 mortgage
brokers and I told them how the whole thing was going to collapse,
how Fannie and Freddie were gonna go broke,
how the subprime market was gonna implode.
And I said by the way,
come to my workshop because I will tell you how to profit from this.
And maybe 50 or 60 people showed up at that workshop
out of 3000 and of those people,
one person invested in my hedge fund,
you know,
and of course they,
you know,
they ended up writing a book making a movie about that whole trade,
like the greatest Trade ever.
I handed the greatest trade ever to 3000 mortgage
professionals and I told them exactly what to do,
and I gave them here here,
just sign these forms,
here's where you send your check and you will be short subprime mortgages in 2006.
The market blew up the very next year.
So I I just laid it out.
I gave it to him on a silver platter And one guy uh took advantage of it.
So you know what is going to happen now is much worse than what happened in
2008.
And the consequences are far greater if you don't understand it because the people who are blind
sided by 2008,
the federal reserve bailed them out.
So even though they were oblivious to what was going to happen,
they didn't get hurt.
As long as they held out of their assets,
they came back.
Well this time the government can't bail anybody out because the government is going to be
the epicenter of the crisis.
They bailed everybody out by giving them dollars.
They can't bail you out of a dollar crisis by giving you dollars because that's the asset that's in
crisis.
And the U.
S.
Government was able to backstop everybody else's debt by issuing more of their own
debt.
But if the crisis is in the U.
S.
Treasury market,
if it's the U.
S.
Government that's insolvent,
then there's nobody to bail out the U.
S.
Government and the U.
S.
Government can't bailout itself.
So this is gonna be a crisis from which there are no do overs,
there is no bailout.
So if you get it wrong you got it wrong permanently.
So the stakes are much higher now.
So I really encourage people to the extent that they see this In time to save themselves,
that they do what you know 99% of those mortgage brokers
failed to do that is listen to what I'm saying.
And then don't just dismiss it,
you know,
think about it and then act on it,
do something to protect yourself and you may even profit from these events.
Uh,
and that that certainly beats the alternative For sure.
And I'm so glad that you brought that up.
I mean,
you know,
I'm very aware of the predictions you made in 2006,
which is when you got my radar and I started following you because you were 100% right.
Your timing was right there.
And uh,
and you know,
just following it through to now.
Just the fact that it sends a chill up my spine that this is going to be worse,
much worse.
And the government can't bail you out.
I mean,
to your point,
and I think this is like,
you know,
a headline,
you can't fix a dollar crisis with more dollars and that's that's the bottom line.
So I this will be out very soon.
Uh and I hope people will heed your advice and I certainly appreciate you,
spend the time,
take care and good luck.
Peter Schiff has a global reputation for a reason.
He is about as bright and alert on the macroeconomic
situation as anybody in the world.
He does deep analysis and gives deep insight and that's what we just got.
So I appreciate the fact that he sat for the interview and I was very excited to share him with you
when
it comes to being prepared for what's happening in the world,
mindset plays a big role and there's a guy who's world famous for
knowing how to manage your mind,
your mindset and how to get better performance out of your thinking.
And that's jim quick.
I've seen Jim speak many times over the years and I gotta tell you he's an
impressive human being who's got some very unique ways to get you to have your
mind and brain perform on a higher level,
something I think we all can use right now.
So enjoy my interview with Jim Quick.
Hi jim.
You know when I saw your name on the scheduled to be interviewed for this,
I got really excited because I think you have a truly unique ability to
get people to live right and take right action through the things that you teach.
The thanks for being here.
Thank you Patrick,
This is real honor.
Thank you.
Everyone is joining us.
So let's just maybe just start out with,
how did you get to be doing what you're doing right now?
Uh you know,
the things that you teach,
I have seen you speak multiple times.
I'm always mesmerized and I see your impact on audiences and it's it's it's almost
like otherworldly the impact you can have.
But how did how did you get there to do that kind of work?
My inspiration really was my desperation when people see me at events that you're speaking of.
I do these demonstrations usually open with having an audience to say there's
1,002,000 people and I have like 50 or 100 people stand up and introduce themselves and I'll memorize
their names in real time,
or an audience will give me 100 random words or 100 random numbers and I'll remember him
forwards and backwards.
But afterwards,
I always tell people,
I don't do this.
To impress you,
I do is to express to you what's truly possible.
Because the truth is every single person who's with us today that's watching They could do this
to They just were not taught.
If anything,
I feel like we were taught to lie and then I talk about a lie stands for a limited idea
entertain.
It's not true that you're too old or you're not smart enough.
It's just this lie that we entertain,
Um,
that somehow our memory,
our potential,
our intelligence is somehow fixed,
like our shoe size.
And what's exciting is we discovered more about the human brain,
probably more in the past 10 years in the previous 1000 years combined that we found is for grossly
underestimating our own capabilities.
The reason I know this is I grew up with some pretty severe learning difficulties.
When I was five years old,
I had a traumatic brain injury.
I was in kindergarten class had a very bad fall,
rushed to the emergency room and uh,
my parents said I was never the same after that.
Where before I was very playful,
very energized,
very curious.
I became very shut down.
I had were really showed up was in school,
I had really poor concentration,
I could not focus,
I couldn't remember anything.
Teachers would repeat themselves two or 34 times and then I would eventually pretend to
understand,
but I didn't really understand.
It took me an extra three years just to learn how to read,
which was very embarrassing,
very frustrating.
I remember when I was nine years old,
I was slowing down the entire class and was being teased for it and a teacher pointed to me and for the whole
class and said that's the boy with a broken brain.
And so that that label really became my limit.
And I struggled all through elementary school,
middle school junior high in high school and eventually I came up with
strategies on how to be able to compensate for those
difficulties.
Um,
and I started to study,
you know,
different works.
Ancient pneumonic,
someone to find out what ancient cultures do before there was printing presses.
How do they retain information?
You know,
How do you be able to focus on neuroscience of,
you know,
brain optimization,
accelerated learning and speed reading all these different topics.
And eventually a light switch flipped on after a couple of months and I started to
uh,
do much better.
I started to regained my confidence.
I started to get better focus,
learn better my grade shut up.
And then my life was quick to follow.
But the reason I'm here today Is because I started a tutor and one of my very
first students,
she was a freshman in college.
She read 30 books in 30 days after going through
tutoring and uh,
you know,
and I didn't want to find out how she did it.
Not skimmers can she really read it and retained it?
And I wanted to find out not how I know how Because I taught her.
I want to know why what her motivation was.
And I found out her mother was dying of terminal cancer and doctors gave her mom
only two months,
60 days to live in the book.
She was reading her books to save her mom's life.
And I wish you luck prayers.
Six months goes by.
I get a call from this young lady and she's crying hysterically crying,
crying,
crying.
And when she stops,
I find out that her mother,
tears of joy that her mother not only survived,
but it's really getting better.
Doctors don't know how or why they called it a miracle,
but her mother attributed 100% to the great advice she got from her daughter,
who learned it from all these books.
In that moment,
I realized that if knowledge is power learning is your superpower and that
knowledge is power learning is our superpower and it's a super power we all have inside of us
well,
and I agree with that.
Um,
and so let's see if we can unleash some superpower for some people here,
because you know what I find is there's so much the world's in
turmoil.
Um,
there's a lot of disorientation as far as a normal patterns of
activity behavior.
Even the way you look,
people wearing masks and all this stuff is going on.
Um,
it leads to uncertainty,
which is very destabilizing,
you know,
on a psychological or psycho emotional level.
And uh,
so often people are asking,
what should I do,
What should I do in the part of the series,
People saying,
well,
you know,
what can I do given this?
You know,
what should I do with my finances?
What should I do as far as protecting my family and creating his future?
And you know,
my response,
that question is you first have to answer the question,
Who do you need to be right now?
And that helps to inform what to do.
And this is where I believe.
You know,
you have,
you know,
phenomenal context as far as creating self
image,
are deciding who to be and how to create a mindset that will get you to take right action.
So tell us your thoughts about,
you know,
the drama that's playing out in the world,
how it's impacting people.
What kind of advice you give?
I I agree with that.
By the way,
when people are face a difficulty or a dilemma,
some kind of decision,
most people go what do I need to do when a better question first you'd be,
who do I need to be you know at this moment and that the behaviors come from that because their
success syntax right?
There's be do have shared,
so you need to be that in order to be able to do it to be able to have those things and to be able to share it and have the
impact we're supposed to have.
Um what here's the thing are our brains are number one
wealth building asset.
And when we're talking about upgrading our technology,
more people upgrade their phones and their apps more than they upgrade the most important technology which is
the human mind,
you know and your brain is a it doesn't come with an owner's manual and it's not user friendly
and yet it controls everything in our life.
And I believe if you transform your brain can transform your world,
you can transform the entire world also as well.
And so there's a quote in my book limitless that says life is the sea
between B and D.
I'm gonna turn it into a little master class.
Like the sea between B and D.
And B stands for birth,
D.
Stands for death.
Sea life stands for choice.
I believe that these difficult times can define us.
These difficult times can diminish us,
or these difficult times can develop us.
Ultimately we decide with the choices but then the decisions that we
make on a regular basis.
And so we learn more rapidly using the power of metaphors,
right?
Because all of learning is connecting something you don't know to something that you do know.
And a lot of people get confused because they're trying to connect to unknowns.
But really learning is protecting something on the outside to something that's already inside.
And so the metaphor I choose to use during this time is that of a
profound symbol of transformation.
It's that of a butterfly,
you know and here's the thing everybody wants to soar to new heights and be that beautiful
butterfly.
And while the beauty is in the butterfly the growth happens in the cocoon
right?
And so it's kind of like there's this little boy is playing outside and he comes across
a caterpillar runs inside say mommy!
Mommy,
can I keep the caterpillar,
can I make it?
My pet mom gives the sun like a little mason jar
and he goes out and he says he says you can keep this but as long as you take care of it
and he fills the mason jar with leaves,
bread to eat branch in there so you climb and he just
watches the caterpillar go about its day and it's eating and eating and one day it climbs at
branch and it starts to spend this cocoon right?
Which he knew he learned about that in school.
He's just watching patiently.
This cocoon,
nothing's happening.
And then one day there's like a little bit of a whole that's starting to form and you see kind of a
creature trying to struggling to kind of come out and so the child gets
very impatient,
runs into the house and grabs the paris scissors.
He walks back out because he knows he's not supposed to run with scissors and he
clips the whole that makes it,
he opens it up to be able to help this guy kind of this creature
and but when it comes out though easily,
once the once the scissors helps tear out the whole doesn't look
like a butterfly it looks,
The body is very swollen,
the wings are very shriveled.
Kind of looks like a butterfly was not and it doesn't even doesn't even take off and take flight like he was expecting
and he goes crying to his mom and says what happened?
And and she said that went after she tells him the story that
by cutting that whole open you know you did the work for this creature and it's
the it's the struggle to be able to come out and emerged that it actually pushes
the fluids from the body into the wings and nurses the wings so they could grow strong so we
could,
you know the butterfly could fly.
And I think the lesson here is sometimes when the caterpillar feels like
it's the end of the world,
You know,
it becomes that butterfly and people feel like they're cocooning,
right?
Even if it's a metaphor where people are physically distancing themselves and they might be
alone,
they might be alone with their thoughts.
People watching could be alone with their fears,
could be alone with your doubts.
You could be a feeling alone,
right?
Loneliness is an epidemic.
And a lot of the banks that we feel is that we're clinging to a world that was
rather than progressing and continuing the cycle.
And so that's the thinking of my track of mine.
And when it comes to choices,
I would give people maybe a six quick sees very very quick things you can
do while you're in this cocoon to come out and sore like this beautiful butterfly
No one.
and I'll make them all seas because I tend to obliterate everything because I'm a memory guy.
I want to make it very easy to remember.
The first thing I would say is clarity,
clarity is,
is incredible power.
Um,
I would say that sometimes when we isolate ourselves,
solitude is a wonderful time for self reflection.
I mean sometimes when we're going through our day and we're going 100 miles through the day,
rarely do we pause and check in and say,
am I driving in the right direction?
We're just so busy all the time.
A quick tip for everybody is to get clarity.
Ask the right questions.
Questions are the answer.
The question I would suggest is a simple question.
Like what's most important to me in life?
What's most important to me in my relationships?
What's most important to me in my career?
What's most important to me in my,
in my impact,
Right?
And that will give you your values,
right?
Those are your targets,
your direction you're headed towards.
And I would say the second question is once you know what those values
are,
ask yourself the second of questions or my actions each day aligned with
those,
those values,
because I find that sometimes people complain about being
burnt out,
right?
Or they're exhausted,
especially with everything that that's weighing on them in the world.
And sometimes we're not burnt out because we're doing too much.
Sometimes were burnt out because we're doing too little of the things that make us come
alive.
The things that really light us up all right?
So then that really is the clarity of of what's important to us,
right?
And I always tell people,
it's not even just about time management,
it's about priority management,
even in cases of in turbulent times,
in times of crisis.
Right.
The most important thing is to keep the most important things.
The most important things.
The most important thing is to keep the most important thing is the most important things.
So that would that would start with clarity.
And those are choices.
Going back to life is the sea between B&D.
These are little choices.
We can make 10 minutes of journaling and going through an exercise and just kind of
check me in with what's most important to and seeing if your actions are aligned with those things.
The second thing I would say second,
see while we're cocooning,
come out stronger,
his care,
right?
We all heard self care is not selfish.
So I don't mean just like physical hygiene.
I also mean mental hygiene.
People are thinking what to do physically,
whether it's mass or distance or we sanitize your hand.
Whatever I'm talking about mental hygiene,
meaning that there's an algorithm to our minds and it's kind
of like an algorithm to social media.
If you're on instagram,
whatever you engage with,
that algorithm will give you more of.
So if you engage with all the cat posts and you watch all the cat videos,
you share all the cat posts you like and comment and all the cat posts,
then that algorithm social media will give you more cats and that that will be your reality.
That'll be your news feed.
Our minds have a similar algorithm that whatever we pay attention to engage with,
we get more of and you know,
sometimes our brain that amygdala gets hijacked,
that if it bleeds it leads and if we're just watching the news and watching everything that's dark and
scary and threatening,
we're engaging with that content.
Well,
that's the algorithm.
So it's going to show you more of that and the challenges.
We have a limited conscious bandwidth.
And that means if our bandwidth is being used towards the what's dark,
then it doesn't give us a lot of bandwidth to focus on possibility,
on opportunity,
on preparation,
on solutions on what we can be grateful for.
So,
I would remind people another choice we're making besides the self care,
the best brain foods on the planet and optimizing your sleep and stress management.
It is also standing guard to what's going inside above your mind because whenever you
engage with you're gonna get more of and also when it comes to care,
just remember,
whoever needs to hear this right now that you have permission to rest.
You are not responsible for fixing everything that is broken.
You do not have to try to make everyone happy.
Remember to take time,
you know,
make time to recover,
take time for you to be able to rest and replenish.
So that would be the second city as a reminder.
What can what small little things can you do for your own personal self care?
Because chronic stress when we're going back to the power of clarity
and care,
chronic stress will shrink your brain right and put you in fight or flight,
which you're not going to be your best prep and performance if you're,
you know,
cortisol and adrenaline and or fight flight or freeze.
Right.
And so how can you get out of those states?
But the other part is not only a chronic stress,
chronic fear,
chronic fear suppresses your immune system.
There's a whole area of science called psycho neuro immunology that when you're in
that scared state and chronically for long periods of time,
it suppresses your immune system makes you more susceptible to colds.
The flu's the viruses,
right?
And so that's why you want to care for what's coming into your mind.
And I think the antidote to fear is actually the third
C which is contribution,
right?
When you are in service for those,
when you invest some of your time,
your talent,
your treasure to making a difference and you put your focus on supporting and serving
somebody else,
then you can't be in that same scared,
fearful state,
right?
You know,
even if somebody is fearful of public speaking,
they asked me all the time because I'm very introverted.
Um,
I'm really sometimes painfully shy and you know how I go and
be in front of a quarter million people in a normal year live,
you know,
in three continents and maybe in one week I focused on serving and it gets me out of my,
my thanks and my little Michael Homophobia,
if you will of a public speaking.
But the third thing is so its contribution And so simple again,
questions are the answer.
How can I invest in my time,
my talent,
my treasure to make a difference.
You know,
for us,
we donated 100% of the proceeds from our book,
limitless to charity,
you know,
to Alzheimer's research for women.
Because in memory of my grandmother would be when I was going through my challenges when I was 56
my grandmother showed early signs of dementia and she would,
she was my primary caregiver because my parents had immigrated here and they have to work all the
time.
And Um,
you know,
she would call me by my,
my father's name,
she would say something,
she just said 30 seconds ago.
So I found myself where she was taking care of me at that age six or seven I was taking care of
her and then,
she passed shortly after that.
But women are twice as likely to experience Alzheimer's than men.
And so,
but most of the research is,
and you know,
treatments is done on male brain.
So we fund that.
We also build schools for young boys and girls around the world.
Um,
you know,
Ghana Guatemala kenya,
but that's how we wanted to make a difference in contribution.
But it doesn't have to be that it could be calling up a neighbor to make the sea,
just checking on them to see if they're alone.
It could be making food for,
for workers.
How can you contribute?
Right.
That's number three.
Number four after clarity,
after care after contribution.
The fourth choice we can make the foresee to come out of this cocoon stronger is our
creativity.
You know,
I believe the future belongs to the creators where we're talking about recession proofing
our brains right?
You know the number one wealth building device that we have Number one asset that we have far
none.
You know,
when it comes to creativity,
it's interesting because a lot of jobs are going to automation,
A lot of jobs are going to artificial intelligence and what's not going to be easily
outsource are the things that are truly limitless.
There's no limit to our creativity.
There is no limit to our ability to solve problems.
There's no limit to our imagination,
to human determination to our ability to come together,
Right?
And you know,
it's sad though because when you go to a group of five year olds and ask them how many artists and
creatives are in the room and they'll all raise their hand.
You follow up 10 years later and how many artists and creatives are in the room?
Maybe 5% of that room.
So I think part of it is an unlearning process.
I think we're born this these geniuses,
how fast can Children learn something compared to an adult?
How fast they learn a language?
How fast can Children pick up a musical instrument?
Right.
But sometimes and this is not a slight against teachers.
It's just a systemic issue when it comes to schooling.
That school is a wonderful place to learn sometimes what to learn.
Math,
history,
science spanish.
But where are the classes on how to learn?
There's no classes on how to focus,
how to concentrate,
how to be creative,
how to read faster,
how to remember more.
I always thought it should have been the fourth are in school they teach three R's.
Reading,
writing arithmetic.
Obviously spelling wasn't one of them.
But what about retention?
What about recall?
You know?
Socrates said learning is remembering,
you know,
but going back to creativity.
The thing that's like,
did you know it was during the great plague that William Shakespeare
created some of his most known masterpieces,
you know Macbeth and Anthony cleopatra came from the plague.
It was during when they shut down London,
the university there that Isaac Newton had to physically distance himself.
He went home and he was sitting underneath a tree and apple fell on
his head and he created the theories emotion.
He created the theories of of of gravity,
right?
And I'm not saying we have to create at that level,
but what has,
everyone who's,
you know,
appear with us?
What have you always wanted to create?
You know,
whether it's music,
whether it's a blog,
whether it's you want to be able to write,
um you want to create an invention,
you want to create a business here and maybe you're an entrepreneur.
The future belongs to the creatives.
Alright,
So that's number four,
You know,
maybe even and again,
small little choices make the difference and maybe just 10 minutes of writing,
you know,
something that you can do.
And then number five,
I would say is capabilities and this is a big one.
Capabilities,
meaning everybody has it to do list and they never get through all their to do list.
But do you have it to learn list?
This is a wonderful opportunity to level up your skills and your
mastery and certain subjects.
You know,
I always tell people if there is a there was a magic genie could grant you anyone wish,
but only one wish,
what would you wish for?
Everyone would ask for limitless wishes.
Right,
well,
if I was your learning Jeannie and I can help you learn any capability,
any subject or any skill become an expert in it.
What would the equivalent be of asking for limitless wishes?
You know?
Would you ask for coding?
Would you have to be a great investor and negotiator?
Sales?
You know,
healer,
what would it be?
And I would say the equivalent asking for limitless wishes is learning how to learn.
Because if you can learn how to learn,
you can learn how to focus,
concentrate,
remember,
retain,
apply,
then you can grant all your own wishes.
You could if you learn how to learn,
you can apply towards money management,
martial arts,
marketing.
You know man,
everything gets easier in your life.
So what's on your to learn list?
Because right now we have unfettered access to everything.
We have Youtube,
we have podcasts and it's all free.
So if you want to learn speed reading salsa,
spanish survival,
anything is is easier,
right?
So plug into that and then finally number six after the six
C.
Is community.
And that's really,
it's not just your neurological networks are your biological networks,
it's our social networks.
You know who you spend time with is who you become.
They say where the average of the five people we spend the most time with.
And one of the reasons why is we have these these marry neurons in our nervous system which is
constantly imitating people around us.
And you know this if you watch somebody watch really intently sports or their favorite show
and they could feel you could feel what the what the people are feeling.
You know,
those are married neurons lighting up.
And I want to say it's important because you need to watch and
this stands for something.
W watch Your w stands for words,
right?
The words have power on your mind.
The A.
R.
Your actions,
the tr your thoughts,
The sea is your character and the H.
R.
Your habits,
right?
I believe.
First you create your habits and then your habits create you you create your habits of
meditation or working out or eating good foods are going to
sleep at a certain time,
right?
Or journaling or reading.
And those habits create you back.
And yet you know their studies there that on the average day,
40% of our behaviors or habitual where do we design those
habits?
You know some of those these are all choices we can make along the way.
But going back to community,
nobody could do this alone and nobody,
nobody is an island right?
We all nobody is self made.
We all need people around us and survival.
You think about hunter gatherers.
Having that community was was was an advantage.
And so again it's not just your neurological networks,
it's your social networks that are really important.
So are you around people that are encouraging we only people to encourage us to challenge us to be
kind to us,
the cheerlead for us.
And if you haven't found that person yet,
I would say be that person for somebody else,
especially be that person for for you,
a big part of what we need to do in times of crisis is not only self care,
but there is a form of self love meaning,
honor,
your struggle.
Like we had to fall back in love with the person in the mirror who's been through so
much.
But it is but it's still standing,
right,
because we never know the battles people are facing.
So having each other's back,
having each other's brain.
Um it's so important nowadays,
so I think it's a great road map to follow and it's interesting
because,
you know,
with with what's disrupted right now,
you mentioned earlier on fear and and the impact of fear has and and that if you're constantly
watching the news and watching the headlines and you know,
they're they're peddling that product to get you to,
you know,
to tune in,
because we when we witness fear or a sense fear,
you know,
we get more interested because our survival depends on it,
but you know what you're talking about is is more of a proactive use of your mind and thinking
to create different outcomes to put you on a different path.
Um,
and part of it,
you know,
is I think maybe the self image of am I capable of learning
more in my capable,
you know,
I have a certain level of achievement or lack thereof in my
life and uh and that sort of gives me the context for what I'm capable of
maybe at this moment in time.
But let me ask if you agree with this,
this thought is that disruption as much as it's
destabilizing is also an opportunity to maybe
reorganized or you know,
and and maybe reconsider at a higher level or a different level.
So I'll ask if you agree with that number two,
what do you mean by limitless?
You call your book limitless,
but what do you mean by limitless?
So I believe that life conditions that these difficulties,
they can diminish us or they can develop us,
that these times can make us bitter or they can make us better.
It's the choices that we're making,
that our life is the sum total of all the choices we made up to this point and
while our environment and our experience might have shaped who,
are,
we are responsible 100% for who we are today and also moving forward.
We always can control,
we're focusing on what things mean,
how we feel about those things and what we're going to do at any given time.
I believe to be able to not only survive but thrive moving forward.
That we need to identify with being more of a thermostat than a
thermometer.
Like think about it.
A thermometer,
its only function is what the thermometer reacts to the environment.
That's all it does.
But a thermos and sometimes as human beings,
we react to things.
We react to politics.
We react to the economy react to the weather,
we racked out people treat us.
But all the studies done on fulfillment and happiness show that the people that are most
fulfilled and happy have the locus of control on the inside,
right?
They maintain their agency,
their sovereignty.
If you will identify more with the thermostat,
thermostat doesn't react to the martin,
A thermostat gauges the environment intelligently.
It knows what's going on.
And I'm not saying we should not be aware of what's going on,
engages the environment,
but then it sets a temperature and then what happens the environment,
The environment reacts to it and we set temperatures all the time when it comes to our
goals,
our vision,
You know,
KPI s you know,
the things that we hold dear,
we set a standard,
right?
And so the people that move the needle in any industry are the people that take the invisible
here and they make it visible out there.
Everything around us was once conceived in somebody's mind.
And creativity is kind of our imagination in in action.
And what I mean by limitless is limitless is not about being perfect,
limitless is about advancing.
It's about progressing beyond what we currently believe is possible,
right?
And I believe the key to get is to unlimited three areas of
our lives.
And that most limits are learned.
Like when I was nine years old,
I didn't think I was broken.
I was a blank slate until I heard a teacher say that he's the boy with a broken
brain,
right?
And it got imprinted on me.
And so I would say is we want to maintain our responsibility for what we believe
now that we don't believe everything that we think.
But the three key areas we must unlimited.
To have a limitless life is three M.
S.
And I want everyone to to take out a piece of paper and draw three intersecting
circles kind of like mickey mouse like two years that overlap and then a face
that overlaps with those two years,
right?
And then diagram.
And these are the three keys for becoming limitless and
to make it practical for everybody.
Um Think about an area where you are not advancing and progressing where you feel like you're in a
box.
In what area of your life do you feel like you're caged or in the box?
Is it in your income?
Is it in your impact?
Is in your health and well being?
Is it in your relationship you feel stuck?
Where do you feel stuck?
Right?
Think about that.
And that that box is three dimensional,
right?
And there's three dimensions that contain that box.
But this is the same three things that will liberate you out of that box.
I'm representing that with the three circles.
All right.
I'm gonna give you three M's now the last M.
R.
The methods.
So the face,
that's the methods,
right?
And primarily when I wrote this book,
it was a book all on methodology.
How to read two or three times bastards.
You can save time how to remember people's names,
how to learn languages.
How to remember a ted talk in the fraction of time,
how to focus better.
Before I sent it to my publisher,
I said,
Well,
of the people get the results are hoping for if they read this book.
And my honest answer was no,
because a lot of people know what to do,
but they don't do what they know because common sense is not common practice,
right?
A lot of people who are listening,
they know the things they should do,
but they don't do those methods because you have to address the first two circles.
So the first circle another m is your mindset,
your mindset.
And I'm defining mindset as your set of assumptions and attitudes about
something.
It could be your attitudes and assumptions about life.
Your attitudes,
assumptions about money,
your attitudes and assumptions about urgency,
their survival,
or the media or whatever you think about relationships.
So somebody can learn a great method on how to remember people's names but their mind set
us on to old.
I'm not smart enough.
They're still gonna be stuck in that box,
right?
And the three things that I would just be aware of in mindset that touches all of us,
Number one,
it's in that circle.
What I believe is possible,
right?
Another one.
What I believe I'm capable of.
So you can think it's possible for Patrick or somebody else to do this,
but are you capable of this?
Right?
And then the third thing is what you believe you deserve.
You know what I believe is possible.
What I believe I'm capable of and then what I believe I deserve because to unlimited that will
allow you to all behaviors believe driven.
So your brain is like a super computer and yourself talk is a program that will
run so you tell yourself I'm not good at serve out survival.
I'm not good at surviving or I'm not going to remember names,
You will not remember the name the next person you meet because your program the supercomputer not too So
that's an area of mindset.
All behaviors believe driven.
Now you can have a limitless mindset.
I believe everything is possible that you're capable of it.
You deserve it and have the methods on how to do whatever,
right?
And how to invest during turbulent times on how to be healthy and
boost your immune system,
all the things people are learning in this series.
But if you're you have the mindset and the methods you got your lacking the second
m which is your motivation.
If you don't have the motivation,
you're still stuck in that box,
right?
And so if people self sabotage,
it's usually a mindset issue,
they don't believe they deserve it,
right?
Or they don't believe they're capable of it.
So take one step forward and two steps back.
If it's a procrastination issue,
which it often happens,
we're all guilty of it,
that's a motivation issue.
And for me,
I've simplified human motivation to three step formula really simple.
So if you're not,
you're not able to motivate yourself or motivate your family or
motivate your team or motivate the world.
One of these three things is missing.
It's P times E times S three,
p times E times S three and you need all three.
So let's say we wanted to motivate a human being,
like we're doing a thought experiment in front of us,
we're gonna build the ultimate motivated human being and the evidence somebody is motivated is not what they
say.
A lot of people say I'm motivated but there or you know what people feel,
It's whether they consistently act right.
And so for me,
if we're going to build the ultimate motivated person as a thought experiment,
let's say they're motivated.
Something simple like working out,
you know,
I think we have to move a whole lot more than we're moving right now or in such a sedentary
lifestyle or symbian screens,
you say sitting is the new smoking,
but when you move your body,
your when your body moves your brain groups,
when you move you create brain derived neurotrophic factor BDNF,
which is like fertilizer neuro plasticity.
If you want to think faster,
if no greater,
you don't get out of your mental fatigue or your brain fog,
you want greater focus,
concentration,
creativity,
you gotta move right And so then they by the way and they know that we
know this when you want to solve problems,
even steve jobs that you go on these walking meetings instead of sitting in a dull kind of boardroom and
such the top to get creative mind.
But as you if you want to move somebody's not exercising on a regular basis or
moving throughout the day first need to motivate them.
They need pee,
pee in the equation stands for purpose.
And here's the thing reasons reap results even for remembering
people's names.
A lot of people,
they don't remember all names,
but they don't forget all names either.
A lot of names people remember,
I believe genius leaves clues that there's always a method behind what looks like magic,
that they're motivated.
They're attracted to that person,
that person to be good for their business,
right?
And so you can build that motivation by asking questions so that person
and I don't just mean cognitively,
somebody could have a purpose for working out and still not work out because they don't feel it
meaning.
I remember I have an acquaintance who was heading in a very bad direction
with his health and wellness and family would intervene saying you love you gotta stop doing this
and start doing this.
And he just was very stubborn.
And then one day he has a heart attack,
almost dies,
has bypass surgery,
multiple and survives.
It goes back to his old lifestyle and we just don't know,
we're just like,
what does it take?
Right?
And then a couple years ago I see him out and about and he's,
I didn't recognize him.
He's like picture perfect health.
He looks years younger,
you look incredibly fit and I was like,
you know,
you look amazing.
What are you doing?
Rattle off all the things he's doing.
And I'm like,
we've been telling you do that stuff for years,
like why,
why what happened?
And he said he came back from a work trip and his his
daughter who was in tears crying hysterically and
he found out that she had this horrible nightmare where he had passed and
wasn't there for to walk her down the aisle and all this stuff and that just touched them here.
So I just want to remind people you could have purpose to do the things you have.
But if it's just intellectual,
if you don't feel it in your heart,
you're not going to consistently I believe success is 3",
head hard hands.
You can vision things in your head.
You know,
set your your beliefs,
your intentions or goals in your head.
You're not acting with your hands.
You're procrastinating.
Check the second age,
which is your heart.
Your heart is the symbol of emotions,
the energy of motion,
right?
That's the fuel that moves us forward.
So you need that feel that purpose.
The amazing things that will come if you follow through.
And also who are you disappointing or you know,
like if you don't do this thing,
so that's purpose.
Now,
somebody could have purpose and still not change and act and I and or
follow through and be motivated because you need the E also the E stands for
Energy Energy.
It's not just again,
time management about priority management,
about energy management.
And so somebody could have a newborn child and not sleep for three nights.
They're not gonna be very motivated to work out because they lack the energy.
And I want to remind everybody energy just like creativity or focus or
memories.
These are not things you have a big part of what I do in my
trainings is taking downs and transforming them into verbs.
We put ourselves in a trance.
And this conversation,
this series really,
for me,
is about transcending,
ending the trans,
you know,
ending this massive notice through marketing and media that we're somehow limited,
that were not enough that we need to be fixed,
right?
Or it's not coming from the external,
from the internal it's our self talk.
And part of it is saying,
well,
I don't have focused today,
I don't have motivation.
I don't have energy.
These are not things you have.
You're putting yourself in a trance.
These are things you do.
And when you turn it into a verb,
it gives you your power back,
gives your sovereignty sovereignty because you're you have control.
And when it's a process,
you know what,
you can do something right,
You're not limited.
So energy is not something you have.
It's something you do.
And so if somebody wants to work out or we say leaders are readers that people have seen me
online,
social media with Oprah with Elon musk.
And these individuals we bonded over books,
right?
Because they're not where they are,
where they are.
Because they subscribe to lifelong learning.
And I would say if somebody's not reading 30 minutes a day,
maybe it's because they have a purpose,
There is going to advance their career,
their intelligence,
their income,
their impact,
you know,
improve their influence.
They know leaders are readers,
they can feel it.
But if they had a big processed meal and they're in a food coma,
they're not gonna feel like it because exhaustion makes a coward out of anybody.
And when were depleted,
we don't we're not going to follow through.
That's why stressed rescues is an immense amount.
When you're fearful,
use an immense amount of energy,
right?
If you're not sleeping all these different things.
So we talk about in my work on my podcast in the book,
10 ways of improving,
enhancing your energy,
right?
And then finally,
somebody could have limitless purpose.
They feel it and they have limitless energy.
And yet still not be motivated because they lack the third part,
which is S three s 33 ss small,
simple steps.
Often we don't,
we are mobilized and we we don't follow through with action because this thing is just too
big.
Some people set goals like I want to meet my soul mate that happily ever after,
That's less huge.
That's big,
right?
I want I want to have this perfect body and that don't have a million followers on social
media.
I want to build the next unicorn.
That's way too big,
Right?
Inch by inch.
It's a cinch yard by yard,
it's hard.
Right?
And so the goal here,
how do you find your small,
simple step?
You ask a question,
what is this?
My question I asked,
what is the tiniest action I could take right now?
That will give me progress towards this goal,
where I cannot fail?
What is the tiniest action I can take right now,
that would be progress,
I can advance towards this goal so small that I can't fail at it.
So maybe it's not maybe working out in our days way too big for someone who doesn't do that
small,
simple step,
put on your running shoes,
maybe reading 45 minutes a day is way too big for someone who doesn't read
regularly.
Maybe picking up the book,
maybe opening the book,
it's just not as simple as that.
May be reading one line in the book,
nobody is going to stop that one line,
that's like flossing 12 nobody's gonna stop that flossing one tooth.
For people who want to get their kids to finish flossing right,
get them start somewhere anywhere.
Because here's the thing,
consistency,
compounds little by little,
a little becomes a whole lot.
And that that's the formula for sustained,
limitless motivation,
purpose times energy,
times smaller,
simple steps.
And then finally you have mindset,
you have motivation and you have methods.
Now the methods you want to upgrade those because most people are using old methods
of things like health,
old methods of exercise,
all methods of marketing,
entrepreneurship,
old methods,
frankly of reading.
That's why we teach people how to read faster,
catch up,
keep up and get ahead so you can upgrade this software here because most people are still doing it like they
were seven years old because that's the last time they took a class called called Reading.
Right?
So this is all skill development.
I want to show everybody something real quick where the three M's intersect,
right?
Well let's say mindset and motivation.
I'm gonna give everyone three eyes or mindset and motivation crossover.
You have the first guy which is inspiration and what's an inspiring speaker and inspiring
movie.
Do.
It changes your mindset a little bit well,
what's possible?
And it gives you some drive and motivation and some energy,
right?
But you're inspired but you don't have the methods so you don't have the instructions so you don't do anything right?
Um,
and then our mindset crosses over with with methods,
mindset is in your mind,
right?
You believe it's possible,
You believe you're capable of it and methods is the how to that's
ideation.
That's the second ideation,
meaning you don't have the motivation to do that stuff,
right?
You just have an idea and and and the methods Finally where
motivation and methods crossover.
You have the 3rd eye motivation and methods.
You have motivation,
You have purpose,
you have energy,
you know,
exactly the methods to do that's implementation,
which is great.
But you can still be stuck in that box because you're only going to be able to implement to degree your mindset
allows.
Right?
And then finally we're all three eyes and 3Ms intersect right there in the middle.
That's the 4th.
I that's integration.
What does that word mean?
Integrate Like integer or integral means wholeness and that that's
that's just who you are.
That's the limitless state.
And I use this limitless model.
You can apply this not only learning but to life to survival.
If you feel in any area,
you're not making progress or advancing in any area,
then the question you ask yourself,
looking at this framework is is it my mindset?
Do I not believe it's possible?
Do I not believe I'm capable of it?
Do I not believe I deserve it?
Or maybe that's all the line?
Maybe it's my motivation,
Maybe I don't have purpose or I don't feel the purpose,
Maybe I'm just lacking some energy and I need to be away from these energy.
Vampires are stealing my batteries right?
Or managing my stress or getting better sleep or maybe I'm just overwhelmed,
I gotta break this down the small,
simple steps or maybe I got to upgrade the system and the and the strategies and the
methodology I'm using to get that kind of result.
You know,
I see the biggest challenge people are making right now in these times.
I feel that do not downgrade your dreams
to meet this current situation.
That's not the way to look at this.
Do not downgrade your dreams to meet this current situation,
upgrade your mindset,
upgrade your motivation,
upgrade the method you're using to be able to meet those grand,
audacious dreams.
Really great insight and advice.
Um you know,
I think jim you embody what mindset can do and the idea of
using your brain is a tool for your own success moving forward.
And uh and I think this,
this last comment is especially important one where you're saying,
don't downgrade uh your dreams don't even
downgrade your intentions as far as what you can do because of the world and
the state it's in,
because it's typically if you look historically,
people who have faced very adverse circumstances,
um and when they're not just individual circumstances,
but more global circumstances,
they say more millionaires are made during the Great Depression any other time in history that that
when there's opportunity,
that's a part of all that that people can move into,
but you can't see it,
you can't act on it,
you can't capitalize on it if you will if you don't have the right mindset
and I just really appreciate you taking the time to share all that.
This is one that I think you need to watch a few times.
You said there's so many things that you said,
that's like I would pause there and kind of contemplate that a little bit because it really
takes you on a journey,
you know,
an intellectual and an emotional journey as you start to process it.
So I just want to say thank you for the work you do in the world,
and especially thank you for coming here right now and and taking your experience and your wisdom,
sharing it with this audience and allowing them to or maybe even better,
giving them sound strategy to figure out who to be and how to act on it and how to
create their future as compared to being a victim of circumstances.
Thanks for all you're doing here.
I appreciate that.
One of the questions that people ask all the time.
Seeing a book called in the mid list,
right,
upgrade your brain and learn anything faster and lock your exceptional life.
They say,
how do you become limitless in a limited world?
And my answer is exactly what we're doing here in this community.
We do it together,
right?
There's an african proverb that says,
if you want to go faster,
you go alone,
If you want to go further,
you go together and it's kind of this acronym of team,
right?
We're a global team.
People watching this and they're probably every country together,
everyone achieves magic,
right?
I believe that you are the greatest project you're ever going to work on.
You know,
take time,
make time and create that magic,
right?
There is a version of you that you haven't met yet.
And our goal is to show up every single day until were introduced,
that person,
right?
Because I believe that.
Think about that these times everyone's life is like an egg,
an egg.
If an egg is broken by an outside force,
life ends,
but the neck is broken by an inside force,
life begins great things began on the inside and you have
greatness inside of you.
You have a genius inside of you and when is now a great time to let more of that
out?
Beautiful.
Well,
on that note,
I think we can wrap it up and I love the egg metaphor.
I've never heard that before and I think it's brilliant.
So thank you so much for taking the time again to share here.
And I really appreciate what you're doing in the world and I appreciate that you're serving this audience
too.
So thank you.
Can I give everyone a quick challenge?
Just of course I would challenge everyone to take a small,
simple step that the truth is Knowledge alone is not power at best,
its potential power.
It becomes power when we apply it,
right?
The truth is that all the books or podcasts or having program,
none of it works unless we work.
So to take one small step,
my small suggestion would be when you learn with the intention of teaching somebody else,
you get to learn it so much better when you teach it,
you get to learn it twice.
They call it the explanation effect.
And I would challenge everybody to take a screenshot of this conversation wherever they're watching
and digesting it.
And uh you know,
and tag and tag us in it so we see it and put
in it.
One thing that you got out of this so that your friends and family get to see that
right?
And your friends and your followers,
because that's really what we're here to do.
You learn,
so you can earn,
so you could return,
you know,
and you get to share it with the world and that's how we're going to become limitless together because we do it
together.
So take a screenshot,
tag us in their post as we see it.
I'll actually post some of my favorites and give it a couple of signed copies to people
at random.
Just as a thank you for playing part of this,
but really share one ah ha One thing you're gonna do to change your brain,
could you change your brain?
You change the world?
And that's really what it's about.
I love that great,
great challenge.
I uh will echo the challenge thing,
get to work on that,
do that.
And I will tell you,
it's always been from my since I've been in my twenties,
if I really wanted to learn something,
the way that I learned it was to go teach it,
and that's that's how I ended up learning it best.
So,
I know that what you're suggesting here work.
So I encourage her body to follow that instruction again.
Thanks so very much.
And I appreciate your time here.
And I really love what you have to say.
Everyone pretty amazing and unique content,
wouldn't you say,
loved my time with Jim Quick and asking him the questions and seeing what he had in the
way of answers.
Some very practical ways for you to up your game when it comes to your brain in your
mindset,
you did it,
you got to the end of episode nine of our nine part Daki series,
Endgame,
the coming collapse and how to survive it.
As you can see,
we worked hard on this,
we brought together a ton of great experts with phenomenal
information that can have massive impact and we'll have massive impact on your life.
I know it did on mine and I have much better peace of mind now,
having learned the things I learned and I've already started taking action on so
many other things that I was taught during the interviews that I did for this
docuseries and that's what we want for you to we want to have impact on your life.
We want to help you make better decisions so you can have a better
future,
more secure future for yourself and your family if you invested already,
thank you so many of you raise your head and said,
yeah,
I'm in on this,
I want to own this and I want to support your work.
So you have our deep appreciation,
Thank you for that.
And we're at the end,
we're really coming to the end of her free viewing period.
So there's not a lot of time left.
If you want to enjoy the deep discount that we're giving during the preview period and get the bonus
is now is the time to make your decision and to jump in and do that.
And I can promise you you're not gonna be disappointed.
This information.
One great idea is worth more than the entire package and we have
hundreds,
if not thousands,
of great ideas throughout this entire dock you series,
it's not to overwhelm you literally,
you can find the things that are right for you and use those things,
make that list and implement them into your life and secure yourself and your family and your
future.
So it's been a great privilege to take this journey with you.
It was a fascinating journey for me.
It was a practical journey for me also,
and I hope it was at least that for you.
So thank you for your time.
Thank you for your attention and thank you for being here.