Matthew Spositi is an aspiring trader, Austrian Economic enthusiast, entrepreneur, and founder of New Millennium Wealth. My goal is to help individuals get out of the rat race and become financially free, by showing you every step of my journey, and by sharing all of the knowledge I have accumulated about trading, investing, markets, and economics over the past 5 years.
Episodes
Monday Mar 29, 2021
Monday Mar 29, 2021
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In episode 86 I talked about Michael Burry and how he is predicting hyperinflation due to the money creation, i.e. inflation, that has been going on recently, and all the “pent-up demand” that the lockdowns created.
However, is Michael Burry correct? Are there other theories out there?
Well as it turns out there are, and one of those theories is that there isn’t any pent-up demand, and that all the “pent-up” consumption has already happened.
So, in today’s episode I talk about this other theory, as well as, the coming tax hikes that are coming down the line.
Today's Article Links:
https://www.zerohedge.com/markets/todays-stock-market-casino-powered-easy-money-and-boredom
https://wolfstreet.com/2021/02/26/just-dont-expect-pent-up-demand-from-consumers-heres-why/
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Sunday Mar 21, 2021
Sunday Mar 21, 2021
It wasn’t that long ago when people were saying how we’re going to see a V-shape recovery in the economy, but are we?
Listen to find out.
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Today's Article Links:
https://mises.org/wire/v-shaped-recovery-never-happened
https://www.zerohedge.com/economics/11-million-risk-losing-their-homes-once-covid-protections-expire
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Sunday Mar 14, 2021
Sunday Mar 14, 2021
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If you haven’t been bitten by the Bitcoin bug yet, then it it’s only a matter of time. Bitcoin is really cool and amazing technology that a lot of people believe is going to dethrone the US Dollar, overthrow the US hegemony, and sky rocket to $100,000 a coin.
But is any of that honestly ever going to happen?
Listen, to hear my take on it all.
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Saturday Mar 06, 2021
Saturday Mar 06, 2021
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In today's episode I talk about the prediction that Michael Burry from The Big Short made on Twitter, about hyperinflation being a very real possibility once the country gets back to normal.
However, before we dive into the potential for hyperinflation, we will cover what caused the 2008 financial crisis.
Then I end today’s episode with a discussion on what we can do to avoid what’s coming down the line.
We talk about all of this and more in today’s episode.
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Today's Article Links:
https://www.investopedia.com/terms/d/derivative.asp
https://www.investopedia.com/terms/m/mbs.asp
https://www.investopedia.com/ask/answers/what-tranche/
https://www.investopedia.com/terms/c/cdo.asp
https://www.investopedia.com/terms/c/creditdefaultswap.asp
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Sunday Feb 28, 2021
Sunday Feb 28, 2021
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I’m sure many of you have already heard about the massive winter storm that hit the Midwest, the south, and took out a big portion of the power grid in Texas leaving millions without power, and in some cases water.
Well, if you’ve been listening to me for any length of time, then you know that I live in North Texas and was heavily affected by this winter storm, many are calling Snowocalypse.
So, in today’s episode, I’m going to be talking about what happened to me and my family, and how we survived, as well as, talking about how all this happened and what Texas can do to help prevent it in the future.
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Sunday Feb 21, 2021
Sunday Feb 21, 2021
Income inequality is a topic that has been talked about a lot in the past, and will continue to be talked about a lot in the future as the gap grows. But here’s the thing, very few people really understand what causes it.
The truth that nobody wants to admit or talk about, is that income inequality is caused largely by how you think about money, because how you view money determines how you treat it.
If you have a poverty mentality, then you will not save or invest your money, and you will effectively spend every dime you make.
You won’t know how to attract money, you won’t know to recognize the opportunities that are all around you, and you will blame the fact that you don’t have or make a lot of money on external factors, instead of taking responsibility for how your life has turned out.
Whereas, if you have a wealth mentality, you will believe that opportunity is all around you, and you will always be looking for it. You will manage your money well by spending less than you make, saving and investing the rest.
You will know how to attract money to you, and you will recognize that you have control over your own life, and that the outcome/destiny of your life is determined by you, and you alone.
But here’s the thing, the fact that a person is rich (i.e. has a lot of money) doesn’t make them wealthy, and conversely, the fact that a person is broke (i.e. has very little, to no money) doesn’t make them poor.
You see being poor or being wealthy, has nothing to do with how much money you have or don’t have, but has everything to do with how you think about and handle your money.
This is the real cause of income inequality. It is what determines who ends up being rich (i.e. having lots of money) and who ends up being broke (i.e. having very little, to no money).
We talk about all of this and more in today’s episode.
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Sunday Feb 21, 2021
Sunday Feb 21, 2021
Is it just me, or is life constantly getting more and more expensive, and no matter how much money you make you never quite seem to have enough?
Have you ever felt like the system is set up to benefit the rich and the wealthy, not the poor, despite the rhetoric from politicians on both sides?
Look, this is a very divisive topic that gets brought up all the time, but few people really understand what’s actually going on.
So, in today’s episode I’m going to shine a light on this topic and explain what’s really happening.
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Sunday Feb 21, 2021
Sunday Feb 21, 2021
So, if you're aware of whats going on in the news at all this week, then you should know that a massive winter storm hit the Midwest and Texas, and while many of the other states fared just fine through this blizzard, Texas on the other hand did not.
Texas's power grid ended up failing leaving millions of people, myself and my family included, without power and in some cases without water for several days straight.
So suffice to say, I'm not going to be recording any episodes for this week.
I will however, pick out two episodes from the archive that were really good for you guys to listen to this week.
Next week, I will definitely be doing an episode describing in detail what happened to my family and I, and what happened to Texas's power grid.
I Hope you guys have a great week! Stay warm out there!
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Sunday Feb 14, 2021
Sunday Feb 14, 2021
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In the previous episode, I explained inflation, what it is, and what it isn’t.
However, I never shared my insights on what may happen in the future with all the money being created out of thin air.
With all the theories out there as to how the money printing is going to affect the economy and our savings/investments, in today's episode I will provide my thoughts on these theories and explain the implications.
So, what’s going to happen with your money?
Listen to find out.
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Sunday Feb 14, 2021
Sunday Feb 14, 2021
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If you’ve ever gotten into a debate, or simply have discussed inflation on social media (which is a cesspool of toxic behavior these days) with your friends, then you’ve probably heard about the velocity of money, or how inflation is a general increase in prices.
You see in the 21st century, most people just automatically accept what they hear about inflation, and economics in general, as accurate and true, and rarely ever question the prevailing narrative.
But are these concepts correct? Is inflation a general increase in prices? Does the velocity of money really cause inflation?
In today’s episode, we do a deep dive into these concepts and dispel a ton of these myths that are out there muddying the waters.
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