Posted on 08/07/2011 11:01:10 PM PDT by JustTheTruth
Fellow Freepers, Are you interested in learning about hard asset investing, and about how to be successful applying a financial world view that is different from the Wall Street MBA crap that many of us have been steeped in for decades? I want to share links to various free podcasts that have helped me to learn and earn since the economy started to tank.
Years ago I earned an MBA from a highly ranked graduate school, but in more recent years I have learned that the Wall Street paradigm still taught in business schools is very incomplete and even misleading in the current world situation, and that there is a very different way to look at wealth and at the world’s assets and financial systems (which have become very corrupted and distorted).
There are some good podcasts (I like to download the mp3’s to my iPhone for convenient listening while commuting) that you, too, might wish to listen to; podcasts with a range of smart, successful, independent people who operate outside of the debt-expansion world that has driven our economic outlook for 40 years – now an increasingly obsolete perspective that no longer fits or works very well given that the western world is maxed out on debt leverage, currency expansion and market manipulation. I like the “Downloads” app for iPhone, or “Downloads HD” for iPad to get these podcasts on a mobile device in mp3 format for listening.
Below are posted my favorite financial-related podcast links, with some comments. I welcome feedback or other links that you might like better:
First, King World News. Eric King has lots of good guests. He personally is a bit of a gold-promoter/hypster, but his guests are generally more reserved and some of them are truly excellent, bringing a good, solid world view. Most of his new posts go up on Saturday, with a few others posted at random intervals during the week. My personal favorite is Jim Rickards. You might like to listen to some of the recent archives for Rickards.
Second, McAlvanay Commentary. This is an excellent podcast once a week, on Wednesday evenings. Always interesting guests and commentary. Smart people. You might want to check out recent weeks’ podcasts in their archives.
Third, Korelin Economic Report. Al Korelin can be annoying, but there are good “Market Trends” reports on week days by Trader Roger Wegand. Good insights into what is going on daily in the markets from an honest, independent perspective. Some of the other guests on this program are pretty interesting. On the Saturday shows, I skip the segments which are just advertisements for different mining companies.
Fourth, Financial Sense Newshour. This site posts five or six interviews per week, sometimes two per day. Lots of good interviews with smart people. Sometimes they emphasize energy too much for my taste, but still good info… You might try listening to the August 7th interview titled: The Perfect Financial Storm, or the other one (yesterday) titled: Paradigm shift: why what used to work no longer works
Fifth, Goldseek.com. Some good interviews, a couple times a week.
Sixth, Peter Schiff Show. Daily shows, M-F. Peter has a good economic understanding and some good interviews. A bit of an ego sometimes, but I think he generally “gets it” better than 99.9% of would-be financial pundits, pundits, and radio talk shows. Rush should listen to Peter to improve his economic savvy. I only listen to Schiff if I have time after listening to other podcasts that I like better. He can drone on.
Seventh, Gerald Celente. Variety of interviews get posted here (audio or video). Gerald has a lot of insights; can seem/be pretty extreme, but worth listening to…
Eighth: Gordon T. Long. Just discovered this on a recommendation from someone. Good content from Wednesday and Friday of this week. Apparently podcast M, W, and F. A little slow developing, but solid, Austrian economic analysis at least in what I’ve heard so far. You have to scroll down the web page to find the links to the audio podcasts.
Gordon T. Long Global Insights
Ninth: Turning Hard Times Into Good Times, with Jay Taylor. Smart guy. Posted late every Tuesday night. Sometimes hard to get from their web site. Can get part of it through iTunes. Some good guests. Some annoying ads in the middle from mining company representatives, but still worth checking to see what the guests have to say… Sometimes he has Chen on… Chen turned $5,000 into $1.5 m. Click on the link for Jay's Radio Program ...
Turning Hard Times into Good Times
Tenth: American Enterprise Institute. Some are good, some are boring.
Eleventh: Econtalk Archives. These get posted weekly, on Mondays. Again, some are very good, others will put you to sleep.
Happy listening – and hopefully – learning. In general, I favor the podcasts toward the top of the list over those listed toward the bottom. I share this because I doubled the value of a self-directed IRA over the past 2 ½ years (started at $500k) using information I acquired and applied from listening to these Austrian-economics-based thinkers. I wish I had that kind of control over some other retirement accounts, but unfortunately don't.
I’ll check it out.
Which one do you recommend to start with?
What's the difference between Wall Street MBA crap and Austrian crap?
The logic of Austrian economics doesn't permit such foolishness and deceit which only ends up ultimately in theft from savers, tax payers and prudent people who invest in fundamentals. At least that's a very brief summary of differences - there is certainly more to it....
Jim Rickards would be good - his past couple of interviews. Also, the past couple of McAlvanay Commentaries would be good.
Can’t we fix our economic system without resorting to Austrian economics, which has no track record in spite of being around for many decades?
Thanks! BFL...
Look at the 70's - it was government spending which led to currency inflation which led to price inflation which was only corrected when interest rates were forced to extremely high levels (my first mortgage in 1982 was at 16.9%!).
However, we have so much debt today and there is zero political will to take the medicine of high interest rates, so our currency is basically screwed; the only question is: how long can we kick the can down the road before we run out of road and the dollar becomes like the Zimbabwe dollar, worth basically nothing?
We can agree that our current economic system is bad because it is corrupted by politicians. But relying on another economic system to keep politicians honest isn’t going to work either. That’s up to the voters.
There is no such thing as an "economic system." Economics is he science of the study of human activity. Any attempt to systematize human activity is called intervention. As has been adroitly observed, "Capitalism is what occurs when people are left free to trade with one another."
Capitalism is not a "system." It is only thieving politicians who want to define it that way. Capitalism and Freedom are symbiotic--one cannot exist without the other. This is the discovery of the Austrian economists with whom everyone that loves this country should be knowledgeable.
You really should investigate it a little before dismissing it. Austrian economics is not some scary, radical theory -- it's capitalism without government interference. Not such a bad thing to "resort" to, in my opinion.
If you're at all interested, I would suggest Economics In One Lesson" by Henry Hazlitt. It's only $8 and was written specifically for the layman by one of the best economic writers of the 20th century. It was the first economics book I ever read and I still pick it up from time to time just for the enjoyment of its clarity and common sense.
It sounds like capitalism under anarchy to me. No wonder it has no track record.
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