Tom Bilyeu
๐ค SpeakerAppearances Over Time
Podcast Appearances
He doesn't advise people try to predict exactly when the dollar will fail.
Instead, what he says is to build a portfolio that is balanced to thrive whether the economy is growing, in a recession, experiencing high inflation, is dealing with outright war, or just plain catches you off guard.
This means holding a highly diverse and uncorrelated mix of shares, gold, and commodities, which are assets that are not someone else's liability.
So if you're gonna put all this together and start taking a similar first principles model from these two legends, the path forward is gonna look something like this.
Step one, accept that the post-World War II liberal world order, the paper era as I'm calling it, is dead or at a minimum dying very fast.
Cancel your membership to WEF.
Start thinking of the world through the lens of great power politics.
There is no more holding hands in Kumbaya.
This is the big boys going to battle with each other in cyber warfare, economic warfare.
Please don't ever let it spill to kinetic, but we certainly have to build up and prepare for it.
Understand that the physical world matters a lot, especially as we gear up for potential kinetic conflict.
and that our days of 356 to one paper claims to the actual underlying asset, those days are over, not just for silver, for everything.
Step two, don't pull out of the market in a panic, but recognize despite the instability and impossibility of predicting, you can't just save your way to prosperity.
In a world locked in fiscal dominance, which we are, where the debt drives monetary policy,
and you know there's going to be money printing, cash in a savings account is not a safe haven.
It is a melting ice cube.
Every day you hold onto it, you are losing purchasing power to the invisible tax of inflation.
Now, you need enough cash for call it six to 12 months of survival, enough to remain emotionally sober in the markets.
But everything beyond that is exposure to a system designed to devalue your labor.
Step three, shift from financial instruments to productive assets.