October 18th Update – It doesn’t matter what the US Fed does at this point

I have uploaded a podcast for October 18,2018. Click here to go to the show archives page to listen and look at the relevant links or you can listen on the link below. You can also right mouse click here to download the podcast.

-I answer a few email questions I received over the past couple days
-The US Fed kept the Fed funds rate near 0% for seven years. If the Fed tightens further and higher from here the downturn would happen faster and would probably be less severe than if policy was more relaxed.
-If the Fed listens to President Trump and the asset bulls then the asset boom could last another couple years, but the down cycle would be much more severe.
-I am concerned about the US government’s fiscal standing when the next bust comes about
-Take your pick; I prefer to raise rates faster and get the bust sooner
-The next bust is already baked into the cake and there is nothing that can be done to unwind the prior policy moves. It was all done by design and intent.
-I continue to stay liquid and pay off debt. I want to be as liquid as possible for the next cycle. My goal is to have as little debt outstanding, so if a bust occurs I can leverage my assets to buy more.
-I prefer holding my liquid position in my home currency
-Should I own gold and/or silver? What about owning mining shares?
-Is holding money in bitcoin or any other cryptocurrency keeping money liquid?