Surviving-Thriving-In-Financial-Armageddon-Bob Davis Podcast 917

Corona’s Financial Armageddon

First of all, these days you can’t escape talk about the coming corona based financial Armageddon. I think it’s time for some real talk about what it means and how to get through it. Learn more in Surviving-Thriving-In-Financial-Armageddon-Bob Davis Podcast 917.

Survive and Thrive

Moreover we don’t want to just survive. We want to thrive, right?

Experience Counts

Second who better to talk about than two experienced and exceptional financial and legal guys?

Nathan Nelson

Nathan Nelson is one of the founders and managing partner of Virtus Law. Especially relevant is Nelson’s strategic focus and business law experience. He’s helped many businesses get through crises.

Todd Rooker

In addition Todd Rooker is a strategic financial planner and coach. Certainly Todd has experienced financial hardship in his own life. He has also helped many people survive and thrive through financial panics and crises going back to the farm crisis in the 1980’s.

Real Talk About What To Do And How To Do It

Above all I believe what we all need right now is some plain talk about what to do, and how to do it. As much as is possible my guests in Surviving-Thriving-In-Financial-Armageddon-Bob Davis Podcast 917 will do that.

Fear Is Not An Option

Due to the severity of what has already happened and what may happen all of us can sometimes freeze. We don’t know what the best thing to do is. Seems like in these situations fear truly is our worst enemy.

Strategy Determines Whether You Survive

Finally we need a strategy. How do we handle the banks? What about these Small Business Association loans? Then there’s credit and whatever cash we have on hand. Moreover is it going to be a recession, or God forbid a depression. To learn more about each, listen to this recent Bob Davis Podcast.

How To Kill The Wolf Without The BS

Therefore it is fair to say whether the wolf is in the front yard, at the door or has broken into the house, there’s always something we can do. We just need to know what to do, without all the BS.

Opportunity To Thrive

Furthermore both Nathan and Todd strongly believe goal number one is not only to survive but to use this moment as an opportunity to emerge stronger and more prosperous than ever.

Not All Gloom and Doom

In conclusion it’s worth mentioning that there is plenty of opportunity out there, as we speak. All is not gloom and doom if we plan and execute effectively.

This Is The Podcast

Hence, if there’s one podcast about what to do in the current and coming financial Armageddon, this is the one that will help you the most.

(Editor’s Note: Full disclosure; Virtus Law and Nathan Nelson are advertisers on the Bob Davis Podcasts. However, this interview was not solicited by Nathan or Todd, and it is not a paid advertisement. These are the guys I would want on my side in an emergency. I thought if that was true, why not have them on a podcast so you can benefit from their knowledge as well.)

Sponsored by Ryan Plumbing and Heating of Saint Paul

Surviving-Thriving-In-Financial-Armageddon-Bob Davis Podcast 917

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Corona-Quarantine-Causes-Depression?-Bob Davis Podcast 913

Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913

Will Corona Quarantine Cause A Depression?

These days the word depression has begun to appear in the news. Especially relevant? We’re talking about economic depression because business is pretty much shut down. Will the Corona Quarantine Cause Depression? Learn more in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913.

Uncharted Waters

We’re in uncharted waters due to the pandemic. No nation has ever brought its economy to full stop in such a short period of time.

Biggest Reduction In Economic Growth Ever

Even more major banks are predicting at least a 25 percent reduction in US output in the first quarter.

Bigger Than The Great Depression

This is unprecedented even in the darkest days of the Great Depression back in the 1930’s.

What’s Done Is Done

While we can ask whether this was a good idea, what’s done is done.

Can We Hit Pause? Or will The Corona Quarantine Cause Depression?

Seems like people think you can ‘hit pause’. Come back in thirty, sixty, ninety or one hundred twenty days. Hit ‘play’ and everything will be fine.

Real Life

But above all, this is real life. Even though it seems like we’re in a movie, we’re not.

We May Not Be Able To Easily Restart

Economies may not start easily once they are shut down. Moreover the central banks have been running very loose monetary policies for years. I’ve done a lot of podcasts about this. The central banks may not have much ammunition left. I’ll tell you what this means in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913.

What About Actions Government Has Taken?

As a result of ordered lock downs the government has taken action in the last week or so.

Interest Rates Slashed

The federal reserve slashed interest rates twice. The effective interest rate is now zero.

Another 2 Trillion of Relief On The Way

A 2 trillion dollar relief package is working its way through congress.

One Thousand Dollar Checks

We’re all supposed to get one thousand dollar a month checks as needed.

Why Are They Doing This?

Certainly there’s a reason for all of this. It has to do with what a depression is and what causes it. I’ll explain it in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913. Are we there yet? Time will tell.

Making It Better…Or Worse

Finally in the end economists and policy makers will sift through whatever wreckage is left and tell us whether the measures taken now made things better or worse.

Short Deep Recession or Depression

In conclusion whether we have a short and deep recession or a world wide economic disaster known as a depression depends on what our leaders do now.

Out of Our Hands

It sure seems to me like it’s out of our hands.

Sponsored by Ryan Plumbing and Heating of Saint Paul and Reliafund Payment Processors

Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913

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Bonnie-Clyde-1930s-America-Bob Davis Podcast 830

Nothing Sweeter Than The 1930’s

If you study history you know we all have our favorite periods. These days I turn more and more to 1930’s America. Specifically the story of Bonnie and Clyde. Learn more in Bonnie-Clyde-1930s-America-Bob Davis Podcast 830.

Highwaymen

There’s a new movie on Netflix called ‘Highwaymen‘. The movie details the search for Bonnie and Clyde and their inevitable end and stars Kevin Costner and Woody Harrelson. I like this movie because it does a better job telling more of the real story, than other efforts.

The Ford V8

Especially relevant to the story is the automobile and the then new national highway system. For Clyde Barrow there was no equal to the then brand new Ford V-8. This was Barrow’s number one choice to steal. Bonnie Parker died with a map of the old national highway system on her lap.

National Highway System

Most noteworthy Barrow was famous for covering as much as a thousand miles in one day in one of his stolen Ford V-8’s. The duo sped across New Mexico, Texas, Oklahoma, Arkansas, Florida, Louisiana, Indiana, Illinois, Michigan, Iowa, Missouri, Minnesota and Kansas on those brand new blacktopped two lane interstate highways, and many a dirt road or field during their crime sprees.

Depression and Crime

The height of the depression in the early 1930’s comes down to us in faded black and white photos, and speed graphic newspaper photos taken in tourist camps, abandoned farms and failed banks. Yet the people then, experienced it in color. Find out why this era fascinates me in Bonnie-Clyde-1930s-America-Bob Davis Podcast 830.

Criminal Minds

Finally there is this question of criminal behavior. Bonnie and Clyde have a special place in 1930’s history. To a certain degree their story line is a lie. Foolish young people pushed into a life of crime by life circumstances? Or criminals that terrorized local communities across the rural Midwest?

Mystery and Legend

In conclusion Highwaymen, three books I read before for a podcast I did about the mystery and legend of Texas Ranger Frank Hamer. Those links are here. I did these podcasts because so many inaccuracies and lies have become part of Bonnie and Clyde lore.

Sponsored by Ryan Plumbing and Heating Of Saint Paul

Bonnie-Clyde-1930s-America-Bob Davis Podcast 830

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