UPTHINKING FINANCE

Upthinking Finance™ is now trademarkedIn this episode of Upthinking Finance, we’re joined by returning guest Alex Krainer, a former hedge fund manager, market analyst, and outspoken commentator on global affairs, who shares candid perspectives on looming global tensions and his personal mission to help others understand the forces shaping our economic and political landscape.We discuss the fragility of current international alliances, the unraveling of the European Union, the global “darkness before the dawn”, from the U.S.-Russia relationship to the mechanics of debt-driven economies, and the importance of grassroots businesses in restoring prosperity.This episode isn’t just about finance; it’s about the real human impact of policy, war, and change. Tune in for a candid, global view that connects the dots between the news, the markets, and everyday life.You will want to hear this episode if you are interested in...Embracing humility in trend following (03:38)Is the EU on life support? (08:19)Socio-political unrest in Europe with real-world examples (16:22)Europe vs. United States political dynamics (20:11)Trump's global vs. domestic stance (27:07)Central Bank's impact on stocks (35:50)How to revive American industry (42:32)Europe’s Unraveling: The End of an Era?One of the most provocative ideas explored is the potential collapse of the European Union. Alex characterizes the EU’s current condition as “the dying phase,” likening its centralized, unaccountable bureaucracy to a modern-day Soviet Union. The EU’s decision-making, he argues, has become increasingly detached from the will of European citizens; key policies are often dictated by unelected officials, who frequently prioritize the interests of corporate lobbyists over those of the public.He points to rising grassroots movements across the continent, sovereignist parties, mass marches, and political crises as evidence that Europeans are waking up to policies they view as anti-human and destructive to communities. From controversial migration policies in Croatia to aggressive agricultural reforms that harm local farmers, the sense of crisis is palpable. Craner is blunt: if institutional avenues for change are blocked, social upheaval and even violence become a real risk, drawing a direct historical parallel to the French Revolution.Despite this bleak outlook, he believes that this time, there is an alternative: stronger ties with Russia and China and potential participation in new economic and security alliances (like BRICS and the Belt and Road Initiative). This eastward shift could, in theory, offer Europe a lifeline beyond its current structures.U.S. - Russia RapprochementThere is a bright spot in Alex’s analysis. He sees the recent normalization of relations between the United States and Russia, under a renewed Trump administration, in his view, as one of the most hopeful developments in recent years. Given the nuclear capabilities of both countries, dialogue is essential, and Alex credits Trump with taking a decisive step back from the brink of large-scale conflict.While European prospects are fraught, Alex sees the United States’ federal structure, armed citizenry, and local systems of accountability as reasons to believe America might weather the coming turbulence with more resilience, possibly achieving a “soft landing” as opposed to the “depression” he fears for Europe.Debt, Markets, and Monetary ReformAlex argues that central banks, especially the U.S. Federal Reserve, are the primary force moving markets. As long as they continue quantitative easing and inject liquidity, assets will inflate. However, this “solution” risks runaway price inflation, eating away at real wealth even as markets hit record highs.The sheer scale of public and private debt makes eventual systemic

Upthinking Finance™ is now trademarkedMost retirement planning tends to focus on the financial side, but on this episode of Upthinking Finance™, we welcome Dr. Sara Yogev, clinical psychologist and author of “A Couple’s Guide to Happy Retirement and Aging.” We’re digging into the often-overlooked emotional and psychological aspects of transitioning into retirement.Drawing on over 30 years of experience, Dr. Yogev unpacks why psychological preparation is just as important as financial security, and sometimes even more challenging. We explore why retirement represents one of life’s biggest transitions, the stages most people experience, and the surprises that can catch even the most financially savvy off guard.Dr. Yogev offers practical advice on how to mentally prepare for retirement, maintain purpose and connection, establish a routine that brings true satisfaction, and navigate changes within relationships.You will want to hear this episode if you are interested in...Feeling inadequate without a career identity [06:40]Focus on increasing "joy span" for successful aging and retirement [11:48]Diversify your social portfolio [16:01]How to balance time alone, together as a couple, and with family [18:16]Be adaptable and open to change in family connections and expectations [21:59]Harmonizing post-retirement relationships [27:52]Gradually incorporate big changes, like relocating for a smoother transition [35:10]Retirement requires more mental as well as financial preparation [39:09]Preparing for the Psychological Transition to RetirementMost financial conversations about retirement revolve around money—accumulating enough savings, securing income, and ensuring a comfortable lifestyle. Yet, as Dr. Sara Yogev, clinical psychologist and author of “A Couple’s Guide to Happy Retirement and Aging”, points out, there’s a world beyond spreadsheets and investment portfolios. The emotional, mental, and relational challenges that come with stepping out of the workforce are just as critical to address as the financial ones. People really neglect psychological planning and preparation for retirement. They think, “Oh, if I have enough money, it’s fine.” But considering that retirement can last anywhere from one-third to one-fourth of your life, ignoring the psychological aspects can lead to dissatisfaction and discord—even for those who are financially secure.Navigating the Emotional LandscapeRetirement, like any major life transition, comes in stages. The initial honeymoon phase can last from six months to two years before giving way to a stage of disenchantment. Here, retirees might grapple with the loss of work-based identity and purpose.For many, professional life was more than a source of income—it was a wellspring of meaning, structure, and community. And when these roles fall away, so too can one’s sense of self. Work often defines who we are. It’s our identity, a way to feel useful and productive, and effective. And when that is gone, how do you replace it?Preparing emotionally for retirement, therefore, is about more than intellectual awareness that change is coming; it's about proactive exploration of what brings satisfaction, joy, and connection outside of one’s career.Creating Your New Routine and IdentityOne of Dr. Yogev’s central recommendations is for pre-retirees to spend time thinking about their future lives in greater detail: “What’s my day, what’s my week, what’s my month, what’s my year going to look like?” Constructing a satisfying routine is crucial for well-being. This might mean reengaging with hobbies or volunteering for causes close to your heart.She introduces the concept of “joyspan”—the idea of focusing not just on longevity, but on maximizing the time spent in contentment and fulfillment. Engage in activities...

Upthinking Finance™ is now trademarkedMelissa Ciummei, an independent investor and researcher in Northern Ireland, joins us on Upthinking Finance™ to take a global look at the rapidly evolving world of digital currencies, digital IDs, and the shifting economic landscape. We discuss the push for Central Bank Digital Currencies (CBDCs) in the EU, UK, and US, explaining how digital identity is becoming an essential precursor for programmable money and increased financial oversight. The discussion digs into the societal impacts of these technologies, exploring everything from privacy concerns and geopolitical pressures to generational shifts in values and the consequences of ever-growing inequality.Whether you’re curious about the politicized rollouts of stablecoins, the quiet move toward digital surveillance, or you want to understand how new technologies are reshaping money, this episode gives you a nuanced perspective on the future of finance and the growing importance of community involvement in shaping that future. Join us for an eye-opening conversation that connects the dots between economic policy, digital innovation, and the real-life consequences for individuals and society at large.You will want to hear this episode if you are interested in...Digital ID: Foundation before CBDCs [00:00]EU tensions and trade challenges [06:14]Why Melissa sees geopolitical and economic tensions rising [07:30]Why Digital ID adoption in the US is limited and the focus is on currency [13:23]Travel fast pass solutions and the impact of using biometrics to skip the line [16:35]Gold's quiet role in finance [27:16]Homeownership challenges for younger generations [29:47]Hackers pose risks, and laws are outdated [36:01]An example of how community dynamics are changing local politics [44:50]The Rise of Programmable Money and Digital IdentificationAs the world moves deeper into the digital age, few topics spark more concern or confusion than the twin emergence of programmable money and digital ID systems. But these technological frameworks threaten the autonomy and privacy traditionally associated with money and identity.At the heart of the discussion was the evolution from fiat currency, where some level of anonymity is preserved, to digital currencies tethered to the state and tech platforms. Melissa highlights that programmable money would be the most dominant thing that people need to think about when considering CBDC. Once financial and identity data converge, possibilities for control, whether for taxation, surveillance, or social engineering, multiply rapidly.A Fragmented Push Toward the Digital FutureThe EU is leading the charge to implement digital ID and currency. However, this technocratic race collides with real-time social resistance, especially spiraling around immigration and cultural integration. Melissa describes a backlash in places like Poland, Ireland, and the UK, where citizens increasingly question the motives behind digital migration controls and see digital ID as a tool of exclusion rather than inclusion. Turning to the U.S., the conversation covered whether states’ rights and American federal diversity provide meaningful protection against the encroachment of digital money and ID versus the EU’s top-down approach. Initiatives like Real ID and mobile driver’s licenses represent “function creep”: stepwise moves that make opting out of digital surveillance increasingly inconvenient.Melissa gives a real-world example from airports, where facial recognition and biometric fast-tracking nudge even skeptical travelers into compliance. Seamless travel or instant payments are the carrot, but gradual loss of privacy and agency is the stick.The Looming Economic ShiftA key issue threaded through the...

Upthinking Finance™ is now trademarked Today's guest is Kristian Kerr, who is the head of macro Strategy at LPL Finance. Before joining LPL, he was the Western region head of foreign exchange and macro at City Private Bank. Before that, he spent a number of years in New York as a global hedge fund manager and is also head of various strategy and trading roles at other global financial institutions. Kristian believes investment strategy should be both data-driven and guided by human expertise. He says that this balance creates a more dynamic, flexible, and effective investment process that aims to deliver better long-term results. He shares his views on how investors should handle the changing market.You will want to hear this episode if you are interested in...Welcome to Upthinking Finance (00:00)Kristian shares his process as an advisor (01:20)The challenge of managing more risk, post 2020 (05:30)Market correlations changing, impact on portfolio development (09:15)How geopolitics impact market trends (21:20)How investing has changed in the past decade (26:10)What's the value of trend following strategies? (28:00)How to respond to someone who thinks the financial market will end (35:35)Kristian Shares His Investment ProcessAs Head of Macro Strategy at LPL, Kristian is responsible for leading the firm’s global investment team, which includes 11 senior research members. They meet weekly to define LPL’s overall investment strategy and provide top-down guidance for managing approximately $85 billion across separately managed accounts (SMAs) and model portfolios. He shares that they use a hybrid investment framework that combines: Quantitative (systematic) analysis to efficiently process data, reduce bias, and ensure consistency, and Qualitative (discretionary) insight from experienced professionals to account for factors that can’t be captured by models alone.Managing More Market Risks Kristian shares how different clients have different levels of awareness about risk, and how portfolio managers often need to manage risk that clients might not even realize exists. This is especially true in today’s uncertain environment, which is much more complex than it was 10 years ago. A few of the modern risks include that the standard 60/40 investment strategies are less reliable, the U.S. dollar is at a pivotal point based on its value, and there is financial repression from government strategies at play in the current market.  To manage both visible and hidden risks for clients, Kristian explains that adapting happens by incorporating less correlated, alternative assets to build “all-weather” portfolios that can hold up in a wide range of market conditions.A Diverse PortfolioKristian values trend-following strategies as a critical part of a diversified portfolio, especially when paired with traditional assets like stocks and bonds. These strategies shine during extended market downturns (like in 2022), offering protection when equities are struggling. While they may underperform during short-term market bounces, that's expected as their role is to protect during prolonged stress, not quick dips. Kristian emphasizes using a “barbell” approach, combining growth-oriented assets with defensive strategies, and highlights the importance of building a toolkit of diversifiers (like long-volatility) to navigate different market regimes and support long-term compounding.Connect With Kristian KerrKristian KerrConnect with Emerson Fersch

Upthinking Finance™ is now trademarkedToday, we have the opportunity to learn more about Emerson Fersch as he shares his personal story, interviewed by Amy LeNoble. Discover more about how Emerson got started in finance, his convictions in business and life, and the experiences that shaped them. You will want to hear this episode if you are interested in...Welcome to Upthinking Finance (00:00)Emerson Fersch shares how he got started in the financial industry (03:00)Emerson shares a defining moment in his life (05:20)How Emerson’s AA experience shaped his life today (11:45)How Emerson’s childhood influenced who he is now (18:55)How Emerson’s relationship with God influences his business (23:50)Emerson shares what he is grateful for in his business (31:50)Childhood Experiences Developed Intentional AdulthoodEmerson’s childhood was shaped by a joy for baseball. As he grew older, he came to terms with the fact that he didn’t have the skill to pursue the sport professionally. His father, a blunt and hard-working man who battled alcoholism, pointed out Emerson’s early interest in money. This observation proved insightful, as Emerson later found his path working at a bank, eventually landing an unexpected opportunity as a financial advisor. His upbringing left a strong impression, not just in what it taught him, but in what he wanted to avoid. Witnessing the instability caused by his father’s drinking, Emerson recognized similar struggles in himself as a young adult and made the difficult decision to get sober through the AA program. This commitment to change allowed him to create a stable, drama-free home for his own life and family, where emotional security, a spiritual morality, and self-awareness were priorities. Through conscious effort and reflection, Emerson built a life defined not by the hardships of his past but by the intention to rise above them.Emerson’s Turning PointAt 24, Emerson reached a turning point in his life when he came across the Johns Hopkins 20 questions, which made him confront the reality of his alcohol abuse. Realizing the depth of his struggle, he began attending Alcoholics Anonymous meetings, where he felt a true sense of belonging. The stories and warnings shared by others in the group resonated deeply with him. As he worked through the AA program, his search for a Higher Power led him to develop a personal relationship with God, which became the foundation for his commitment to virtues like honesty and integrity. This spiritual connection gave him a deeper sense of accountability, not only to himself but to something greater. A Business with a Foundation of GodToday, Emerson strives to live by the principles he learned from his relationship with God. Staying honest, actively seeking solutions, and trusting God created security in his business. The discipline and character built through his experiences allow Emerson to be grateful for the relationships and success he has from his business. Emerson Fersch and Amy LeNoble are Registered Representatives with, and securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.Connect with Emerson FerschCapital Investment AdvisersOn

Upthinking Finance™ is now trademarkedToday’s guest is Charles Hugh Smith, a returning voice of insight and critique. As the founder of the long-running blog OfTwoMinds and a published author, Charles has explored the intersections of society, economics, and technology since 2005. His thought-provoking work is featured across platforms, including Patreon and Substack. Today's interview explores how growing economic inequality and loss of opportunity in America have fueled cultural fragmentation, political polarization, and a crisis of identity, creating a need for value-driven social change.You will want to hear this episode if you are interested in...Welcome to Upthinking Finance (00:00)Charles Smith’s concern about polarized ideologies (02:00)The class and generational division of assets (10:00)Are people losing their value? (19:20) How to have a spiritual renewal from a social revolution (22:00)The need for common values (32:00)How to create reform “cold turkey” (37:00)Anti-progress and how to overcome it (42:50)Polarization and Denial Are Undermining Meaningful DialogueCharles explains that public discourse has become dangerously polarized, with people retreating into ideological camps and rejecting compromise. He highlights how America has become increasingly divided economically, geographically, and generationally.  This "us vs. them" mentality replaces honest discussion with coercion and moral superiority, which stifles real engagement. He connects this to hypernormalization, a societal state where everyone knows the system is broken but continues pretending otherwise, avoiding the hard truths that real change requires.Structural Inequality Is Driving Cultural DivisionAmerica’s divide isn’t just political, its division is rooted in real economic and generational inequalities. Charles explains how older generations and urban elites benefited from globalization and cheap assets, while younger and rural Americans were left behind. As opportunity shrinks, people seek identity and purpose in cultural or political tribalism. This fuels resentment, virtue signaling, and a sense of powerlessness that further fragments society.Social Change comes from Common ValuesReal change starts with people, not the government. Looking at U.S. history, especially in the 1960s and '70s, it was regular people who changed their values first, like caring about the environment, and only then did the government respond. So the process of change goes: values shift, then priorities shift, then systems and incentives follow. Institutions are slow and often driven by old interests, so if we want real progress, it has to come from individuals rethinking what matters. Charles encourages people to keep speaking on it, offering better ideas in hopes of slowly changing minds and, eventually, the system.Charles Hugh Smith is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedCharles Hugh Smith | Self-reliance, invest in yourself, Degrowth,...

Upthinking Finance™ is now trademarkedIt’s a pleasure to welcome back to the show, Mr. Alex Krainer, a highly respected expert in finance and economics. A former hedge fund manager and portfolio manager, Alex is also the founder of I-System Trend Following, an innovative strategy focused on market trends. He’s authored several books on market dynamics and economic trends, and his insights are in high demand, often featured on podcasts worldwide. Beyond his professional success, Alex is a devoted father of two. Today, we’re excited to have him return to share his expertise and valuable perspective with us again. You will want to hear this episode if you are interested in...Welcome to Upthinking Finance (00:00)How can tariffs be inflammatory (01:50)Impact of FIAT currency manipulation (05:45)Weak currencies of other countries (09:00)Could tariffs lead to something better? (15:50)Is globalization dead? (23:00)Remove emotion out of investing (35:04)Why you should follow trend investing, now (41:20)How Tariffs Can Be InflammatoryIs it beneficial for commodity-driven inflation? Does a weak dollar mean a better market? Alex shares with us how tariffs can cause inflation because they raise the price of imported goods, and domestic companies often raise their prices because they face less competition. Plus, without cheap imports, the pressure to keep prices low disappears, leading to higher costs overall.He explains that while tariffs could theoretically weaken the dollar and make U.S. exports cheaper, he is skeptical about how much this will benefit the U.S. economy because other major currencies are also weak. He also believes that the real impact will be on commodity prices, potentially leading to inflation and that the broader global economic situation makes the future outcome uncertain. Death of the Global Market?Alex forewarns us that globalization, as we know it (especially the version driven by powerful corporations, elites, and big banks), is either dead or in its dying agony. Essentially, the model where large multinational corporations and too-big-to-fail banks controlled global trade is no longer sustainable.However, Alex doesn’t believe globalization itself is completely gone. He sees a new form of globalization emerging, driven by entrepreneurs and technology. It’s decentralized, more accessible, and allows ordinary people to create businesses and jobs globally. While the collapse of the old systems may be messy, it’s giving way to a new, hopeful future that’s just taking shape. This new globalization is more personal, meaningful, and decentralized. It allows ordinary people to connect worldwide, create value, and improve their own lives without relying on big corporations. Alex believes this shift is liberating because it gives people more control over their futures, allows them to innovate, and helps them transcend the old, corporate-driven systems that have dominated for so long.Why Trend Investing is Important NowAlex advises that following trends has always been the most reliable way to make money in the markets. Trends reflect collective human psychology. For example, when people see housing prices going up or a company succeeding, they tend to jump in, further driving up the value. These trends can create big investment opportunities.One key point Alex makes is that long-term trends are the most powerful drivers of investment success, and those who ride trends tend to do better than most investors who focus on predicting short-term market movements.In terms of practical investing, Alex suggests diversifying across multiple markets like energy, metals, commodities, and stocks, and capturing trends when they happen. This approach has...

I’m excited to welcome Julia Hermann, CFA, Global Market Strategist at New York Life Investments, to today’s episode. As a director on the Global Market Strategy team, Julia provides valuable economic research, asset allocation insights, and thought leadership that help guide investment decisions. She’s also the co-host of the “Market Matters” podcast.Before joining New York Life, Julia worked as a Global Market Strategist for an emerging markets equity fund. She’s a CFA Charterholder, a summa cum laude graduate from the University of Notre Dame, and holds a Master’s in International Economics from Johns Hopkins SAIS. Today, Julia will share her insights on global market narratives and their impact on investment strategies moving forward.You will want to hear this episode if you are interested in...Welcome to UPThinking Finance (00:00)How Julia discovers what information is important to investors (01:30)How should people develop a reliable market view? (07:00)The narratives Julia believes have a significant impact on market decision-making (08:30)Julia’s research strategies about USA Federal debt (10:10)AI’s influence on the market (16:10)Impacts of tariffs on businesses and the market (25:00)Global markets exploring alternatives to the US dollar (31:40)Julie Herrman is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedMarket Matters PodcastConnect With Julia Hermann, CFAJulia Hermann, CFAConnect on LinkedInConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK

In this episode of UPThinking Finance™, Chris Hoke shares the story behind Underground Ministries, an organization dedicated to helping incarcerated individuals reintegrate into society. Also joining us is Corrina Lozano, a former participant whose journey of struggle and redemption highlights the transformative power of the ministry’s support. Through their key programs—gang outreach and One Parish, One Prisoner—Underground Ministries is making a lasting impact on individuals and communities alike.You will want to hear this episode if you are interested in...Underground Ministries with Chris Hoke and Corrina Lozano (00:00)How the organization Underground Ministries got started (01:30)Corrina Lozano’s story, from being served to serving others (05:30)Barriers people getting out of prison face with housing (13:36)Are barriers and stigmas changing? (22:18)Intentional giving, telling your money where to go (23:50)How Underground Ministries gets its funding (25:20)Chris Hoke and Corrina Lozano are not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedChecking in with Charles Hugh Smith, Ep #54Thoughtful Giving by Peter C CaveltiConnect with Chris Hoke and Corrina LozanoUnderground MinistriesChris’s WebsiteConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK

How do we reinvigorate a global resistance that seems to have lost its way? In this thought-provoking episode of UPThinking Finance®, John Waters reflects on the challenges facing modern movements for change. Drawing comparisons to the unity and purpose of past revolutions, like the Velvet Revolution of 1989, Waters questions why today’s resistance struggles to attract artists, intellectuals, and the broader public. He argues that fear, gatekeeping, and fragmentation have stifled the creative voices essential for meaningful progress.Waters offers a hopeful perspective, urging us to reclaim faith in humanity's potential for redemption and change. By fostering unity, humility, and purpose, he believes we can inspire the global resistance to serve its true goal—benefiting humanity, not power or profit. This reflection is a call to action, reminding us that hope and belief in a better world remain the most powerful tools for change.You will want to hear this episode if you are interested in...Finding John Waters on substack (00:00)How to talk to people who are unaware of a problem (1:51)You can’t trust people who are incentivized to follow the narrative (8:18)Why people won’t speak out about the problems (12:30)Do we have hope—or do we surrender to the way things are? (16:07)Concerns and hopes of Trump's team (27:00)What do the political changes in America mean globally? (31:02) Question what technology and political systems are for (36:07)New hope, new thinking (40:00)Renewed Faith in things to change (52:10)John Waters is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedThe Mythology of Progress by Charles Hugh SmithConnect With John WatersJohn's SubstackConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK

Today’s guest is economist Lyn Alden, an independent analyst and founder of Lyn Alden-Investment Strategy, where she publishes monthly research reports for both retail and institutional investors. With a background in electrical engineering and a master’s in engineering management specializing in financial modeling, Lyn excels at breaking down complex economic trends into plain English. She is also a general partner at Ego Death Capital and the author of the 2023 bestseller “Broken Money,” which examines the evolution of money through the lens of technology. In this episode, Lyn offers her perspective on the macroeconomic factors shaping 2025, including political uncertainty, fiscal dominance, and more.You will want to hear this episode if you are interested in...How Lyn got into investment research [1:50]The 2024 election’s influence on the economy [8:00]What happens with the debt ceiling? [16:25]What Lyn likes better than the dollar and why [22:09]Lyn’s view on BRICS plans [22:45]Expiring tax cuts and bank lending [28:40]Lyn’s experience with Bitcoin [33:55]Lyn’s advice to avoid complacency [41:40]Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedBroken Money, Lyn AldenEgo Death CapitalLyn Alden-Investment StrategyConnect With Lyn AldenLyn AldenConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK

Today, I want to share a message of hope—one that invites us to reflect on what progress truly looks like in our world today and how it should look moving forward. To help explore this topic, I’m joined by my business partner, Amy LeNoble, and returning guest Charles Hugh Smith.Charles has been writing about social, economic, and technological trends since 2005 on his widely followed blog. He’s also the author of several thought-provoking books, including his most recent, “Mythology of Progress, Anti-Progress, and a Mythology for the 21st Century.”In this episode, Charles challenges us to rethink the foundation of our hope. He shares a powerful insight: hope is essential to humanity, but when it’s based on fantasies or delusions, it becomes false hope. He explains how our understanding of progress—both its perception and its reality—plays a critical role in shaping genuine hope.We’ll unpack the core ideas from Charles’s latest book and discuss the broader implications of progress for individuals and humanity as a whole.You will want to hear this episode if you are interested in...Where society stands today and the path that led us here [3:40]How defining progress has impacted our purchasing power [10:00]Real progress as the wellbeing and sustainability of life [18:30]The key triggers that drive social change [24:40]Solutions that prioritize people over profit [42:30]Finding hope in the possibility of meaningful change [47:42]Charles Hugh Smith is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedMythology of Progress, Anti-Progress, and a Mythology for the 21st CenturyConnect With Charles Hugh SmithCharles Hugh SmithConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK

In today’s episode, we dive into the significance of the 2024 Presidential Election. While every election impacts the country, this one feels especially critical, with far-reaching consequences that extend beyond U.S. borders.Our guest is Alex Krainer, a former hedge fund manager, market analyst, and creator of the I-System trend-following model. With his unique global perspective, we explore the potential implications of this election on both the U.S. and the world.You will want to hear this episode if you are interested in...Is it possible that the 2024 presidential election won't happen? [2:15]What is really going on? A clash of systems of governance [8:12]What's weighing on voters, domestic policies for candidates [12:20]What Alex says is the only choice in the election [16:13]Are people waking up to the corruption of the systems? [21:52]How do you know what to believe or trust anymore? [27:55]Anything that gives Alex hope about the political system? [40:39]The American people have all the potential to build the US back up [48:55]Resources & People MentionedTrend Investing ModelsThe Wisdom of CrowdsThe Trend Following BibleConnect With Alex KrainerFollow on XAlex's SubstackThe Naked HedgieConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK

Today's episode is for anyone interested in learning about the intricacies of investing in the financial markets. Are you wondering what the fiat currency system is, or are you curious about how financial analysis works? We explore perspectives on the currency market and how it impacts investment strategies. We discuss the complex relationships between financial concepts that influence the value of currency. We discuss quantitative analysis and how leveraging it can help maximize investment portfolios.Charles Ashley, a portfolio manager at Catalyst Funds, holds a Bachelor of Arts degree from Michigan State University and an MBA from the University of Michigan, Ross School of Business. In this episode, he breaks down abstract financial concepts with real-world market applications.You will want to hear this episode if you are interested in...How does the currency market work? [1:40]The strength of the dollar is a matter of perspective [4:15]How the balance of trade influences the value of the dollar [6:15]The relationship between currency yield and inflation [10:20]What the currency carry trade is, and how it affects the market [16:30]How does quantitative analysis compare to mutual funds [31:00]The need for human logic in quantitative analysis [36:20]Quantitative analysis investing strategies [43:40]Charles Ashley is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedTwenty One Lessons from Financial History for the Way We Live NowConnect With Charles AshleyCharles Ashley - Catalyst FundsConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to UpThinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK

Is the U.S. economy heading for a crisis, or is it still the safest bet in the global marketplace?Peter Cavelti, an expert with over 50 years of experience in investment and geopolitical analysis, returns to talk about the Fed's recent rate cut, the future of the U.S. dollar, and global economic shifts.In our wide-ranging conversation, Peter goes pretty deep into why predictions of the dollar's imminent collapse might be exaggerated. Plus we talk about the rising influence of the BRICS nations, and how the United States' debt burden could lead to significant economic consequences. Cavelti also shares insights into the challenges facing global powers like Europe and Japan, and the shifting dynamics in international capital flows. You will want to hear this episode if you are interested in...Are recent Fed rate cuts a game-changer for the U.S. economy? [0:28]Will the Fed’s policy shifts shake up the global economy? [2:57]Is the U.S. dollar’s dominance under serious threat?. [7:00]Is the growing U.S. debt leading us to a financial crisis? [4:00]What does the wealth gap mean for the future of America’s middle class? [20:00]Why should you avoid investing in liabilities during uncertain times? [27:10]Could negative interest rates hit the U.S.? [34:10]Are Europeans more disillusioned with their governments than Americans? [42:10]Peter Cavelti is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedU.S. Federal Reserve recent developmentsBRICS U.S. Treasury BondsConnect With Peter CaveltiPeter Cavelti’s website: www.cavelti.comConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK

A common theme among the guests of UPThinking Finance™ is that the global economy is derailing, and wealth and inequality are leading us to a day of reckoning. However, this sense is not just about monetary implications—there is a spiritual element as well. There’s a concern that a personal consciousness or self-awareness is needed to create a global transformation. My guest, Emma Slade, is here to talk about her transformative shift from being a global chartered financial analyst to a Buddhist Monk.You will want to hear this episode if you are interested in...How Emma became interested in the financial world [2:40]Emma's survival of a traumatic event led to a change of heart about her work [11:25]Emma’s transformation from Market Banker to Buddhist [15:20]Emma's Buddhist training created desire to start her charity [21:10]How Emma describes the Kingdom of Bhutan [28:10]Emma’s belief in transforming from a material state to spiritual development [32:30]Emma Slade is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.Connect With Emma SladeOpening Your Heart To BhutanOpening Your Heart To Bhutan on FacebookEmma's YouTube ChannelEmma's TEDx TalkEmma's WebsiteEmma's Book: Set FreeConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK

How will the upcoming US elections impact the geopolitical landscape? We recently saw an attempt on former President Trump’s life. Biden “bowed out” of running for another term. How does that play a role in upcoming elections? We’ve seen and continue to see the pollution of elections worldwide. Will things change? John Waters and Alex Krainer return to discuss the current geopolitical landscape in episode #59 of UPThinking Finance™.You will want to hear this episode if you are interested in...Running for office in Ireland [1:40] The pollution of elections worldwide [7:31] Dissecting the attempted assassination [12:07] Why the upcoming US election is important [23:12] It’s either Trump or hell on earth [29:06] The dictatorship of compassion [38:54] Will we see an awakening in Europe? [44:29] John and Alex’s final thoughts [52:18] John Waters and Alex Krainer are not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Connect With John Waters and Alex KrainerAlex Krainer's TrendCompassJohn Waters UnchainedConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK

What is the status of Central Bank Digital Currencies (CBDCs)? How could creating global division ultimately lead to humanity’s loss of control? How can we open our eyes and really see what’s going on before it’s too late? In this episode of UpThinking Finance™, Melissa Ciummei—an independent investor and researcher in Northern Ireland—returns to revisit CBDCs, the balance of power, and what individuals can do to fight for their freedom. You will want to hear this episode if you are interested in...The status of CBDCs [1:03] Eyes are being opened [16:33] Division is the ultimate goal [30:35] The status of Ireland [37:40] The world’s perception of the US [40:04] Melissa’s final thoughts [45:36]We must hope in humanity [50:37] Melissa Ciummei is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedBIS Annual Report 2023/2024CBDCs and the Coming Reset with Melissa Ciummei, Ep #35CBDC TrackerConnect With Melissa CiummeiFollow on TwitterConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK

Tom Luongo is a former research chemist and part-time goat farmer. He publishes the “Gold Goats ‘N Guns” blog, a monthly newsletter, and records podcasts. His work is also published in Bitcoin magazine and syndicated regularly on sites like ZeroHedge, Investing.com, etc. Tom has a unique way of connecting geopolitical dots. In this episode of UPThinking Finance™, I pick his brain about some of the latest things he’s written about. You will want to hear this episode if you are interested in...The parallels between Shadowfist and geopolitics[1:56] The last 10 years of history [12:53] Does the long-term end goal ever change? [22:18] Welcome to Splitsville [28:09] Is it “every man for himself?” [34:17] LIBOR, SOFR, and the Fed [38:03]Chevron, Trump, and Jarkesy [49:00] Tom Luongo is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedThe Jarkesy CaseShadowfistConnect With Tom LuongoTom’s PatreonGold Goats ‘N GunsConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK

Cynthia Chung’s education taught her that energy consumption is destroying our world. It taught her that the hole in our ozone layer was growing. It taught her that the destruction of rainforests was wreaking havoc on humanity. Industry was portrayed as something that killed anything it touched.Cynthia’s research paints a far different picture. Cynthia dives into the fallacy of green energy in her docuseries, “Escaping Calypso’s Island.” In her series, Cynthia points out that our entire lives revolve around energy usage. Access to the best medical care, nutritious food, clean water, and adequate shelter depends on energy. Access to affordable energy has diminished poverty, lengthened life, and increased quality of life. We’re being told that there isn’t enough energy to go around, and that we have to focus on green initiatives. But is that true? Dive deeper with us in this episode of UPThinking Finance™. You will want to hear this episode if you are interested in...Learn about Cynthia Chung and the Rising Tide Foundation [2:01] Why “specialization” is a new and often unnecessary concept [10:11] Your reality won’t always meet your expectations [14:38]Explaining Cynthia’s reference to Calypso’s Island [17:41] The fallacy of game theory [21:05] How Cynthia discerns through the BS [32:37] Why renewable energy doesn’t help the environment [36:05] Dissecting the lies we’re being fed [38:32]Green energy is causing worldwide suffering [39:57] Through a Glass Darkly [44:51] Resources & People MentionedThe Empire on which the Black Sun Never Set https://www.youtube.com/watch?v=J7-7NxjVy0AConnect With Cynthia Chunghttps://cynthiachung.substack.com/https://risingtidefoundation.net/Connect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking Finance