Dr. Stephen Leeb: The Golden Age of Financial Assets is Over

Tom recently had the pleasure of chatting with Dr. Stephen Leeb about ICAG (Inflation, Commodities and Gold) and how it can help us look forward into the medium to long term. Steve believes that the US has reached a point of inflection and resources are becoming increasingly scarce, sparking an important discussion about the distribution of resources across the world. He argues that the principles of freedom of thought and equality outlined in the Declaration of Independence are still relevant today and should be the foundation for a successful future. Steve went on to talk about the Black experience in the 50s and 60s, stressing the importance of everyone having the essentials of life and not defining equality as money and material things. He also mentioned how America is now a materialistic society and how this is dangerous, and how we need to focus on sustainability and humanity. Steve then discussed the slowdown in technology since the tech stock boom in 2000 and how gold is the only thing that is suited for a monetary system. He believes that gold has magical qualities and is the only thing that can bring back equality and progress in the world. Steve also spoke about the Milgram experiments and how some people believe that Asians and Russians are more susceptible to obeying authority, but he argued that this is not the case. He then explained how the US has lost the belief of equality and how Elon Musk is an example of someone who believes in free speech and equality. He believes that for the US to move forward, it must recreate the belief in equality and sustainability that was present in the 1950s and 1960s. He then discussed how the US should become an ally to the BRICS nations and how the war in Ukraine has changed the relationship between Russia and China. He also believes that success is going to be measured by our ability to come together as a species and develop renewable energies. In conclusion, Steve emphasizes the importance of returning to a Jeffersonian Democracy and of understanding what is sacred to America. He believes that the only way to move forward is to accept everyone's differences and work together to achieve peace and harmony. Time Stamp References:0:00 - Introduction0:44 - A Point of Inflection2:00 - Resources & Inequality4:42 - Jeffersonian Thought8:00 - Capitalism & Materialism13:15 - Resource Sustainability14:21 - Ukraine & Russia16:03 - Technology & Limits19:00 - 60s/70s a Golden Age?25:02 - The Milgram Experiments27:44 - Respect & Stable Society30:53 - BRICS & Dedollarization35:43 - Russia/China Relations38:43 - Declaration of Independence42:46 - The Love of Money…49:00 - Cooperation Not Wars51:56 - Wrap Up Talking Points From This Episode * The US has reached a point of inflection and resources are increasingly scarce, sparking an important discussion about the distribution of resources across the world.* Gold is the only thing that is suited for a monetary system and has magical qualities that can bring back equality and progress in the world.* The US must recreate the belief in equality and sustainability that was present in the 1950s and 1960s in order to move forward. Guest Links:Twitter: https://twitter.com/LeebPhdWebsite: https://www.leeb.com/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,