Dr. Stephen Leeb: Resource Scarcity not Climate Change is the Real Crisis

Tom Welcomes back Dr. Stephen Leeb. He is a financial author, wealth manager, and newsletter publisher. Stephen discusses the difficulties the world is facing and the need a shift gears to a better world. It's quite hard to sort the misinformation from the truth at this time. He says, "Since we've gone off the gold standard this country has gone downhill. We used to have to earn our productivity but afterward, we could print as much money as we wanted. The gold standard held our feet to the fire always. Since then money has replaced growth." The damage that has been done by sanctioning Russia has impacted Europe and the rest of the world. It's resource scarcity, not climate change that is damaging economies. The crisis we have created in ourselves this country and investors need to protect themselves with gold. Problems are coming that may not be easily solved. Stephen compares the United States' actions around the Cuban Missile Crisis to what is occurring between Russia and Ukraine. Stephen discusses the importance of rare earth metals and the unfortunate reliance of the United States on other countries for various natural resources. In the 1990's we were the only place to get and process rare earths but we sold everything to China under Clinton. Our military could lose all functionality should we lose access to these metals. This country has lost much of its capabilities. He proposes some possible explanations for why China has been locking down and limiting Shanghai's port activity. Food and energy are becoming an existential crisis. Ukraine has the best soil and above all, we need cooperation and technological development. Time Stamp References:0:00 - Introduction1:37 - Finding the Truth5:27 - Russian Ruble12:12 - Need to Cooperate17:00 - A Catastrophic Mistake23:58 - Equity Thoughts24:30 - U.S. Research & China30:12 - Get Into Real Assets33:00 - Fixing the U.S.36:17 - U.S. Military Problems38:55 - China Lockdowns?1:01:20 - Think For Yourself1:03:12 - Wrap Up Talking Points From This Episode Discerning truth in a world of propaganda.Sanctions backfiring and existential global risks.Commodity dependency on other nations and the risks involved. Guest Links:Twitter: https://twitter.com/LeebPhdWebsite: https://www.leeb.net/Website: https://www.stephenleeb.com/Book/Amazon: https://tinyurl.com/y4wphb87 Dr. Stephen Leeb is a recognized authority on the stock market, macroeconomic trends, and commodities, especially oil and precious metals. As Chairman and Chief Investment Officer of Leeb Capital Management, Dr. Leeb combines his knowledge of macro-economic trends and current market conditions with detailed information about specific companies he follows to guide the Committee's investment decisions. Stephen Leeb is a financial author, wealth manager, and publisher of a family of investment newsletters. He has been a recurring guest on CNN, Fox News, NPR, Bloomberg, and many others through the years. Leeb was also said to be one of the country's foremost financial experts, with Charlie Gasparino 2016 recommending Leeb as a good candidate for Federal Reserve Chairman. Leeb earned a B.S. in Economics from the Wharton School of Business. He also earned a Masters's in Mathematics and a Ph.D. in Psychology from the University of Illinois. He authored research papers on psychology and statistics in the peer-reviewed journal Psychological Reports. Stephen Leeb is married and lives in New York City, New York. Leeb has written nine books on macroeconomic trends, finance, and investment, including the New York Times Best Sellers. Stephen's recent book Red Alert was awarded the 2012 Axiom Business Book Awards silver medal in the International Business/Globalization category.