Show notes
In this episode Sal, Adam & Justin speak with economist, investor and best selling author, Jerry Robinson. While Mind Pump's focus is primarily on physical fitness, financial fitness is an area you should not ignore. There is a very good chance that much of what was discussed in this fascinating episode will be new information to you unless you pay attention to the world of finance. This could very well be the information you need to protect you and your family in the future. The book changed my life. Jerry shares his background, religious upbringing and the moment that sparked his passion. (4:44) Economists rule the world. Where did his knowledge come from? (6:24) The Gold Standard. He explains the concept in great detail and its impact on the US dollar. (9:14) Automatic increase in demand for the US dollar. The golf ball scenario, creation of the petrodollar system and its connection to our allies. (18:15) The death of Britain and rise of United States. The origin story of the Federal Reserve and how money is debt. (26:25) Breaking free from the consumption trap. How the richer we get in America, the more we tend to buy not produce. (36:40) Faith in currency goes down, alternative methods go up. The recent rise of cryptocurrency/bitcoin, the pros/cons and should you invest in them. (40:38) How economists lie with numbers. He explains the indicators to look at when it comes to how our economy is doing. (52:15) Student loans and interest rates bubble. He gives his opinion on the default mindset to go to college, in a market economy, and alternate methods to look at. (58:00) The only way to pay it off is with more debt. The explanation of the US National Debt and who this money is owed to. (1:06:00) How to identify what cycle we are at. Does he believe we are due for a crash? (1:14:53) All of them are playing the rigged game. What Presidents, in his opinion, have contributed the most to our National Debt? (1:19:25) You cannot get away with not sacrificing. The greatest lessons we have learned. (1:21:53) You have got to have a plan; the government will not take care of you. The need to develop multiple streams of income and tips on how to prepare for the future. (1:33:24) What companies fascinate/excite him? (1:45:00) Final thoughts and where does he see AI playing a part into the economy? (1:47:30) Related Links/Products Mentioned: Join his special group Gold standard Fiat money Preparing for the Collapse of the Petrodollar System U.S. National Debt Clock : Real Time Federal Reserve Bank Why does the Federal Reserve fear a real audit? - New York Post DHS and FBI detail how Russia is hacking into U.S. nuclear facilities and other critical infrastructure CoinDesk - Leader in blockchain news Tron Cardano - Home of the Ada cryptocurrency and technological platform The Untold Story of Silk Road, Part 1 | WIRED The Untold Story of Silk Road, Part 2: The Fall | WIRED U6 Unemployment Rate The government says unemployment fell to 4.3% in May, but here's a more realistic rate Fractional Reserve Banking Gary Cohn Says He Will Resign as Trump’s Top Economic Adviser Eisenhower warns us of the military industrial complex. – YouTube President Trump’s Schedule for His First Foreign Trip Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! – Book by Robert T. Kiyosaki What is a Roth IRA—and Why do You Need One? Featured Guest/People Mentioned: FollowTheMoney.com - We Follow Trends, Not Opinions Jerry Robinson (FollowtheMoney.com) (@FTMDaily) Twitter Bankruptcy of Our Nation – Book by Jerry Robinson Franklin D. Roosevelt Lyndon B. Johnson Richard Nixon Donald J. Trump (@DonaldTrump) Twitter Barack Obama (@barackobama) Instagram Jesse Lauriston Livermore Dwight D. Eisenhower Would you like to be coached by Sal, Adam & Justin? You can get 30 days of virtual coaching from them for FREE at www.mindpumpmedia.com. Get our newest program, MAPS HIIT, an expertly programmed and phased High Intensity Interval Training program designed to maximize fat burn and improve conditioning. Get it at www.mindpumpmedia.com! Get MAPS Prime, MAPS Anywhere, MAPS Anabolic, MAPS Performance, MAPS Aesthetic, the Butt Builder Blueprint, the Sexy Athlete Mod AND KB4A (The MAPS Super Bundle) packaged together at a substantial DISCOUNT at www.mindpumpmedia.com. Make EVERY workout better with MAPS Prime, the only pre-workout you need… it is now available at mindpumpmedia.com Also check out Thrive Market! Thrive Market makes purchasing organic, non-GMO affordable. With prices up to 50% off retail, Thrive Market blows away most conventional, non-organic foods. PLUS, they offer a NO RISK way to get started which includes: 1. One FREE month’s membership 2. $20 Off your first three purchases of $49 or more (That’s $60 off total!) 3. Free shipping on orders of $49 or more You insure your car but do you insure YOU? If you don’t, and you are the primary breadwinner, you will likely leave your loved ones facing hardship and struggle if you die (harsh reality). Perhaps you think life insurance is expensive, but if you are fit and healthy, you can qualify for approved rates that are truly inexpensive and affordable. To find out if you qualify for the best rates in the industry, go get a quote at www.HealthIQ.com/mindpump Have Sal, Adam & Justin personally train you via video instruction on our YouTube channel, Mind Pump TV. Be sure to Subscribe for updates. Get your Kimera Koffee at www.kimerakoffee.com, code "mindpump" for 10% off! Get Organifi, certified organic greens, protein, probiotics, etc at www.organifi.com Use the code “mindpump” for 20% off. Go to foursigmatic.com/mindpump and use the discount code “mindpump” for 15% off of your first order of health & energy boosting mushroom products. Add to the incredible brain enhancing effect of Kimera Koffee with www.brain.fm/mindpump 10 Free sessions! Music for the brain for incredible focus, sleep and naps! Also includes 20% if you purchase! Please subscribe, rate and review this show! Each week our favorite reviewers are announced on the show and sent Mind Pump T-shirts! Have questions for Mind Pump? 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