CRP Patreon Exclusive: “How to Beat The Coming Hyperinflation”

What can I realistically get in say Montenegro, Albania, Serbia, Ukraine with say +250k usd in cash? Which country has a somewhat easy permanent residency?

Real estate inflationary risks: 1. huge % of monthly payment comes from interest rates. If rates get hiked and mortages hit 15%, the housing market collapses, which means you bought high if you buy now (even if your mortgage was a fixed APY). 2. No way to know how migration shakes out over next 5 years. 3. Most likely asset class to see punitive taxes. I ended up buying cars, 145k of auto loan debt for scarce vehicles. Working out well so far.

In Germany after the Hyperinflation they punished people who had bought houses and went into debt (that debt disappeared ofc) with 50% taxes on their properties or so (50% of that properie's cost) and what german money coaches always tell is that after the hyperinflation debt was treatet differently as money with similar reasons / explanations. The people were not accepting that some others made a huge win in that crisis. That's the best I can describe it, all in all the german "money coaches" always say, that one should NOT go into debt right now (although they also say that another hyperinflation may well come).

Thanks coach!

The Pale Moon

I’m holding my stocks. As long as the company you’re invested continues to do well your stock should do well.

Will this gonna work in asia?

Ah, so this is how they're going to pay people $15 an hour, lol.

Kyle T

I have a lot of blue chip stocks in Canada (about 80k USD worth.) Canada has also printed a shit load of money like the USA. Will my stocks suffer because of hyperinflation too? Should I liquidate and buy property + get a mortgage?

Garry Jang

This kind of macroeconomics is a little bit out of your area of competence. I would indeed recommend against holding cash, bonds or checking accounts, but not to get into debt yourself. Because if there's a market crash or we turn into Japan rather than Weimar and you lose your cash flow, you'll be toast if you're under water in debt. The brightest macros and streeters disagree over whether there's going to be 1970s-style inflation or Japan-style crash without recovery.

Any plans on making "A Secret History of the American Crash" available again?

Crypto

And buying other hard tangibles with the proceeds coming from the bank.

Excellent. Thinking the same way as I’m 40 and putting a new mortage on my already paid home in a few weeks.

This is another very good point, I personally do not want to rent my house out because thanks to that commie bitch Ardern and her minions, tenants can do whatever they want and we cant get rid of them. There is also this growing trend going on where tenants can buy meth, burn it in the house, then get a meth test, when that is positive they can go to court and get their rent money back, then after that happens you are fucked because you cant sell your biggest investment... my advice is to get out of this country unless you are financially made.

Kelby, you are right, I am a Kiwi and can tell you that property is the only thing holding the country together. I brought my house for $400K in 2018, now its worth $800K after I put $40K of renovations into it. I am selling this in the near future and moving to Perth to work in the mines and buy rural property, as I have grave concerns for the future of NZ under this leftist, female government.

The problem with this is the eviction moratorium. Paying your rent is optional now and you are powerless to deal with them.

Great video. Decided to become a patreon member once I saw you posted about this. I own a home in Ohio and am currently living in New Zealand. There is a MAJOR property bubble going on here. The house I bought in Ohio for 250k USD would be multiple millions here. Food, gas and all other necessities are A LOT more expensive here. Young people here are screwed if their parents do not own real estate/multiple properties. Rend is absolutely insane for what you get and those forced to rent can't afford to save up for a down payment on the ever increasing home prices. Anyone who never bought property and thought renting long term was a good idea is completely screwed. I am extremely bullish on gold,silver, and uranium mining stocks along with fertilizer stocks. All have been beat down over the past decade. Just have to buy in and be patient. Can always borrow using some margin as well. Margin rates are only 2.5%. GDXJ, SILJ, UUUU, CCJ, IPI, MOS are a few of my holdings along with many others. Another stock with huge potential is BYND. Raising livestock is not nearly as practical and will become far more expensive with rising grain prices. Cheers

I agree property in the right location (walking distance to the local school, train station & shopping mall - along with some other appealing factor) is a win / win for the macro investor regardless of inflation or not. Hyper Inflation? Let's see. I defiantly see signs of inflation here in Malaysia (price of chicken for example is going up and up) and I see Australia is heading towards it now with the shortage of labor to support small/medium business's, which will in turn drive up average casual salary and the cost of goods that salary produces. But i'm not so sure about Hyper Inflation. Things just seem a bit too well "orchestrated" around the world at the moment for Hyperinflation to come about. My guess is the next "trigger point" for hyper inflation will be when national airlines life support can no longer be supported by their respective governments and they start announcing sell off / mergers / acquisitions etc. I have no science to say why I think national airlines will be the trigger point, other than gut feeling and that they require huge amounts of cash & lines of credit to exist and I just dont see countries & suppliers being able to support this much longer. A national airline is fast becoming a luxury for some nations. But let's see - exciting times indeed!!

Coach in Ecuador we use the US dollar, is going to have the same effect here too?

Dude double digit return is very good. Good investors get 12%. There are no getting quick rich scheme. 7% means that in less then 10 year you will double your money if you invest back what you earn.

Do you think this younger internet generation is going to put their money into precious metals or crypto? And more money will flow from Gold to crypto once investors get tired of making single or double digit returns and really see the value (if they are lucky). It's time to evolve. Crypto will beat gold market cap in less than 3 years. Care to bet Coach? ;)

The posted inflation rate is bullshit... http://www.shadowstats.com/alternate_data/inflation-charts

The USD isn't going to devalue. You seem to be forgetting that, the same way the U.S. government gave people stimulus checks… the U.S. government also gives other countries money too. Ecuador and Panama are on the USD and they even give Colombia money. I watch the FOREX DAILY… It's been pretty damn steady for Colombia. Currently at over 3600 COP per 1 USD –– I saw all this hyperinflation BS in the real estate market and BOUNCED to Colombia LOL. My rent, for a 2 bedroom condo in Las Vegas Nevada was going to jump to $1,265 a month… Now I'm in a studio apartment in Medellin Colombia, with a balcony and a nice view… great quality of life here… for $525 a month. I have made over $22,000 in stocks and savings being here for 6 months. All that capital is (of course) being reinvested into my business and the stock market over and over again.

Hi Coach nice video :) can you make a video about micromanaging , is it good or bad ?

UK has many great small towns. Cardiff, Edinburgh, Inverness, Chester. Why stay in London? And Ireland looks attractive too?

Why aren't easter Europe & Russia doing better? Poland is doing well. What gives?

Barter services with script. Industry has needs. There are surpluses sitting in the back lot they would love to sell - cheap. Service providers need customers.

Of course, but because everyone in the world printing like madman. Selling something to shitty coutry doesn't make your currency shitty.

Hi Coach, how does this apply to the UK? I am living in West London and was thinking of purchasing my flat. Similar to US we will have people not needing to live in this expensive crime riddled city. I work from home as a Business Analyst and have realized living in London does not add value to my career. Homes in the country are half the price. Would the UK get Hyper Inflation?

I really like your economics videos

Do you think it’s a good idea to invest in Eastern Europe? Ukraine, Belarus etc.

What do you think will happen to countries that export to the USA? Will their currency will suffer from hyperinflation as well? Talking specifically about Israel

About the video on gold diggers. I don't even know what to say about the soa woman A swedish chick that married a lebanese limp (miscegenation) because he had money? And they got married after 4 years of dating, 2.5 of which were long distance and 1 was waiting for stars to align (literally)? Their first kiss after they got married was with a mask. Miss me with that. You couldn't pay me enough to be either of them. But they seem content living their pitiful life, so good for them. I wouldn't call her a machiachellian mastermind by any stretch, at least from the two videos I watched

Guess this would explain why bill gates bought so much land recently

2. Cigarettes, booze, bullets and guns.

1. Gold or and silver

Good information but I have an additional question. The property side of things I am already working on but after that then what. Taking into consideration that if the storm gets really bad what's my best option for items to barter. I am going to assume the old faithful.

I would, just not any that own office buildings or malls. I do not have any experience with REIT investing however, but just my thought.

Question: Is investing in a REIT (real estate investment trust) still recommended? The one I invest in has reliably paid consistent returns of about 8% annually for over 5 years now, and go for a NAV of about $10 per share as of right now. The returns are rental revenues from the properties, and shares grow with the property values appreciation. Thoughts?

OJ

Coach, I agree with your point that debt will be devalued, but I wish you would have also talked about how the people on a salary will fair. It seems unlikely that salaries will scale perfectly with inflation, and even though the cost of debt will go down it will take some time for the incomes to catch up to the point where paying off debt with inflated dollars could produce a benefit.

Crypto

Robert

I agree James and believe that reset will be a great opportunity to buy real estate with gold/silver stocks accumulated at these prices... in the US there are millions of people set to enter into forclosure due to the pandemic but have been delay because of the forbearance and unconstitutional eviction memorandum not allowing landlords to evict unpaying tenants... i see this as a massive black swan event that could cause temporary deflation followed by a bailout from the fed inducing even more inflation... im holding off on real estate until we sort out the eviction and forbearance situation in the states; a bit bubblilish imo as all assets are rn... except precious metals

Buy Monero , plus is this applicable only with the US dollar or what other currency is going to fail soon?

If social contract still exists and/or you have the numbers to control it (family and close people who can be considered family).

Idk it might be a bit different but I don't think so for a few reasons: 1. The government is only as legitimate as the force it can actually exert. The "Big bad insurrection" of January 6th is America's bastille, the government is a paper tiger it no mandate to truly enforce it's will. 2. I don't think local municipalities will be able to demand much income tax if the local government isn't providing many services (i.e schools, park maintenance). Also the places Coach is recommending have a much lower property tax than NYC's 17k/yr 3. Property can only be truly controlled by social contract or force.

As a financial advisor (and ex-accountant) I approve of this message Coach. Tax day being delayed should be the writing on the wall that the bureaucracy is losing control and is so far up it's ass it cannot properly run the nation. My only question is whether the stock market crashes before or after hyperinflation as it could easily lead to a great opportunity to profit before the death of the dollar or drown with it.

Good, as always 💯

Will property rights still be held upright in the coming dollar/euro crash? So will you still own the house?

That was immensely useful information; I already know where I'm going to go put it to use!

It worked before, it makes sense. But it might be harder to make it work this time: 1) Government & bankers can (and will) change rules at any time. There is big chance we'll see digital currencies in the next 3-5 years, and debt will be converted to these digital currencies. It will likely be linked to "social credit". Fixed 30y mortgages will likely be converted as well. Bankers do not like to "forgive" debts, they want you to be a debt slave. 2) Higher value of property = higher property tax. Unlike people and digital assets, property cannot "run" out of the country, and it's an easy target for higher taxation. 3) Property is very illiquid. The situation changes very rapidly. I have no idea what's going to happen in 3 months. With more liquid assets, you can re-allocate very fast. Sometimes it's a good thing, sometimes it's a bad thing. With elevated risk of civil unrest, ciliv war, you won't be able to sell quickly if things go bad in a specific location where property is located. --- But you might be totally right as well. It defintely worked in the past. Let's see how it goes.

Do you still plan on re-recording the motorcycle webinar from February? I had started thinking about getting a motorcycle a week or two before you did that webinar, so I was thrilled to see it as a webinar topic. I would greatly appreciate if you found the time to re-do it.

Michael I know this sounds like bumper sticker advice but “You never should wait to buy real estate, buy the real estate and then wait.”. If we hit a point where fixed rate mortgages go away we will have much bigger problems to worry about. Put in a full price offer or even a little over. The sooner you put your name on that piece of property, the sooner the 8th wonder of the world will kick in-

Serious question outside of the topic of this video, which btw great content. Have you ever made a biography, written a book about your life. The upbringings, living in chile, coming to the United States and then overseas? The women, business ventures, starting a family. I've thought about it recently over the bits and pieces I've heard and and from what I can make it's just and intristing story I think we can all learn more from. Of course from patreon and youtube but what about a physical book something tangible I could use to teach my kids to be whenever Im maybe 30 or 40 ( I'm 24 currently and just have a girlfriend without kids)

In Japan, you have 2 Options 1. Fixed rate for 30 years 2. Adjustable rate - renewed every year

Humphery

Wonder if this will work in the EU

What if it's impossible to get fixed rate mortage? In some countries banks are smarter than in USA.

I have a piece of land that I've been trying to build a house on. I literally can't get home builders to bid on it right now because they are worried about taking a hit on material prices.

Also CPI is fake, they change the numbers to better fit their narratives.

Reminder that Dr. Micheal Burry deleted his twitter (twice) because of talking about this stuff. SEC gave a knock on his door and said, "quit it".

Sounds like great advice coach! We should never forget one thing though: at the end of the day the dollar is back by the US military; the greatest, most powerful, most far reaching military the world has ever known.

Hey GL, I'm a resident physician (radiologist) in the U.S. that just graduated med school last year. I have over 300k in med school debt, 5 more years of residency training, and am looking to buy a house with no down payment via the physician loan for many of the reasons you outlined. It would be a house I live in, but unfortunately, it is a seller's market right now and I've had multiple offers rejected despite going over the asking price. I'm close to giving up and just renting with the hope that the market cools down before I start looking again in 4-6 months. Realtors and many others think this will happen, but I am concerned due to the impending hyperinflation and the possibility that banks stop giving fixed rate mortgages for that reason. If you were me, would you bite the bullet by overpaying and push hard to buy something now (I know you can't give financial advice, just as a hypothetical...) or would it make more sense to wait a few months?

“Buy when there's blood on the streets.” Wise words from Baron de Rothschild.

Does it even make sense to buy property in the USA with all that is going on here? With the lawlessness and these morons burning down cities, it gives me pause. Or is it better abroad?

It's a Trojan Horse for full-retard socialism and currency reset

My take: The bizarrely low metal prices demonstrate that govts are accumulating in order to create a precious metal-backed digital currency. Sovereign Central Banks have been recalling their gold from NY since 2017. One day we will wake up and an ounce of gold will be maybe US$30K, less or more depending on how much fiat they have printed in the meantime

Bitcoin

I'm watching this video and my bank account is like -100

Central Banks keeping gold and silver prices down in order to accumulate so they can reset to a precious-metal backed digital currency. The Americans and Euros want something existing to back it rather than expend the electricity energy needed to recreate bitcoin because they want to be "Environmentally Conscious". When silver spiked to $30 earlier in the year, someone dumped $45Billion of metal into the market to push it down. No trader would do this. It's definitely governments and the IMF

Have these shitforbrains never read a history book? Weimar Germany was a fucking mess. They had to come up with an entire new currency

Looks great on the paper but like with shorting anything with leverage it’s risky. A lot of countries do not have fix rate mortgages and even if they do the fix is only for few years. Additionally what happens if the lender goes bankrupt or rules of the game get changed because of crisis? One would have to own the shorted value outright to meet such “margin call” and since you shorting the currency you would have to own other liquid appreciating assets. Maybe it’s better to wait for fertile ground after the storm?

Hi coach. What would you say are other good places to invest in besides property? I'm Canadian and over here, Justin Trudeau had spent like Santa Clause on steroids. I'm expecting a lot of inflation and big tax hikes. I also remember back in 2010, I also thought there was going to be hyperinflation and I had renewed my mortgage ahead of time with a fixed rate and had paid a small penalty. The central bank then paid the commercial banks to keep the printed money in their savings which had averted hyper inflation.

Steal 2/3 from the wealthy and transfer 1/3 of the remaining capital to the working poor. This system always collapses eventually.

Does this play work in europe?

Let's remember that Modern Monetary Theory is the left's baby and created this mess: spend without taxes and inflation. Dumb fuck Krugman. Thanks CRP.