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    Why Doctors Don’t Get Rich

    Advice for any professional on how to build financial freedom
    by Adam Taggart

    Friday, February 5, 2021, 9:28 AM

Hard working professionals often aren’t as financially successful as we think they are.

That’s for a variety of reasons. But a very large one is while very smart and often well-schooled, these folks were never taught how to properly manage and invest.

So as a result, they find themselves much more of a slave to their paychecks than they want to be. While the financial freedom they dreamed of when starting out on their career continues to remain an elusive goal.

This week’s guest expert Tom Burns, surgeon-turned-entrepreneur and author of the new book Why Doctors Don’t Get Rich, offers hope to professionals of all stripes — not just doctors — that there is a better path to success.

In the video below, he shares his formula for building financial resilience, over time, through creating income streams (and underlying equity) in parallel with keeping your day job.

As the cost of living continues to accelerate while the economy and job security become more volatile, having greater control over your financial destiny becomes more important than ever. Tom’s approach is highly worth considering.

And this is also why now, more than ever, is the time to partner with a financial advisor who understands the nature of the risks and opportunities of today’s economy, can craft an appropriate portfolio strategy for you given your needs, and apply sound risk management protection where appropriate:

 [ Watch & Download This Video on Vimeo ]

Anyone interested in scheduling a free consultation and portfolio review with Mike Preston and John Llodra and their team at New Harbor Financial can do so by clicking here.

And if you’re one of the many readers brand new to Peak Prosperity over the past few months, we strongly urge you get your financial situation in order in parallel with your ongoing physical resilience preparations.

We recommend you do so in partnership with a professional financial advisor who understands the macro risks to the market that we discuss on this website. If you’ve already got one, great.

But if not, consider talking to the team at New Harbor. We’ve set up this ‘free consultation’ relationship with them to help folks exactly like you.

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68 Comments

  • Fri, Feb 05, 2021 - 6:43pm

    #1
    2retired

    2retired

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    2retired said:

    For professionals it should be required viewing/reading but the lessons are applicable to all. Far to many docs cannot mentally or financially retire when their age cohort is retiring, and could do well to follow his lead.

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  • Fri, Feb 05, 2021 - 7:53pm

    #2
    DennisC

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    Suggested Reading

    Another suggested read, but still containing timely advice IMO (my copy is circa 1997), is The Millionaire Next Door (Stanley and Danko).  Seemed like some similar ideas also presented by Dr. Burns' in the video.

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  • Sat, Feb 06, 2021 - 5:21am

    #3
    brushhog

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    A tale of two brothers

    I have two cousins, brothers. One followed in his fathers foot steps and became an electrician. The other went to medical school and became a doctor. The doctor has loans that would make Kim Kardashian blush. The electrician started out debt free.

    After about 7 years, the electrician started his own contracting business. He now has about 5 employees. The doctor makes good money but even now after ten years his loans are not replayed. I would guess that the electrician makes more, though I'm not really sure. Even when the doctor finishes paying his loans, he'll be nearly 20 years into his profession. He might make more than the electrician at that point but I dont think he'll ever catch up.

    It is also true that the doctor seems compelled always to drive a new Mercedes or BMW. He's always in a suit, his kids go to private school and etc.. The electrician wears blue collar clothing, which, frankly, seems more comfortable. He could buy a mercedes but bringing such a car out to a construction site is a recipe for disaster so he drives a Honda, or an SUV.

    The electrician's friends are blue collar guys, working guys. Cement men, plumbers, electricians and etc. So his kids go to the public school with their kids. They live in regular middle class neighborhoods. They vacation in regular places, go camping and etc..

    The difference in the cost of living alone is make-or-break. I remember when they both graduated from their respective professions and the parents threw a party. It was like "HERE'S OUR SON THE DOCTOR!!!" ....and "oh yeah, this is our other son the electrician, ahem.". I thought it was so stupid, and turns out I was right.

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  • Sat, Feb 06, 2021 - 11:59am

    #4
    planfortomorrow

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    planfortomorrow said:

    Life's a bitch and besides what you do for a living it is imperative that you take care of your cash because letting someone else do it is a dangerous game, besides, with some effort you can figure out the basics. 10% (or more, no exceptions) goes to paying yourself first and over time you win. I feel no emotions at all for someone who allows someone else to manage their affairs. I think it's a risk not worth taking. I think this doctor is a fine Man but I am way to desensitized to give it much thought. I have my own problems. LOL...Not my absolute favorite Podcast of late. Would like to dig deeper into topics that will help the community exit this pandemic by investing in what will be one helluva ride after the vaccines raises the bar of recovery and all that money and demand that folks will want to spend some cash after being cooped up for a year. My thing is to pour into oil like there is no tomorrow. That market has treated energy very well the last few months and the better days are on the horizon. People comment all the time that oil is dead and I know this is all foolish talk. What fun it has been, no doubts about that! What I hope we can do is get Art back on every couple of months with his production opinion because the EIA's of the world don't see what Art does. If and I believe he is that Art is right then I don't think Saudi Arabia has in reserves to make up what production loses Art is talking about. Oil will be $80 bucks a barrel if Art is right. I know this, if the Supply side of the equation proves Art right then oil will over shoot to the up side and that means a great cash upside profit picture. I think, and I really believe this that 2021 will be the best year for oil in a long, long time. Oh, for sure! Man, the dollar will start dropping and so many other upside tail winds in the space will be great for those who kept their nerve during this Pandemic. Jim Rogers first advice I think would be to look into a mirror and tell yourself, if you don't have nerve then stay away from oil or any commodity. I love the space myself. Peace BOB

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  • Sat, Feb 06, 2021 - 5:40pm

    #5
    2retired

    2retired

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    2retired said:

    Taking care of your own investments, yes, but recognizing the value of solid investment advisors/managers, yes also. I feel that keeping my hands off a big portion of my investments, has often kept me from being stampeded by various narratives (bullshit baffles brains). Docs often have been drawn into bad financial commitments by good (and deceptive) marketing, chasing returns, or believing prospectuses for example. So for me his message rings true (having had a similar life trajectory). In my case various traumatic events (injuries) forced some reassessments, rather than cerebral competence, but I did get some sense knocked into me; and led to being able to retire when I chose to.

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  • Sat, Feb 06, 2021 - 6:33pm

    ao

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    planfortomorrow, Jeff Clark thinks differently

    This Commodity Might Soon Reverse Direction

    By Jeff Clark, editor, Market Minute

    It’s time to take the other side of the oil trade.

    The price of the gooey black stuff closed at $55.69 per barrel on Wednesday. That’s the highest price in over a year. And, it’s more than 30% higher than where oil was trading when we made our “redemption trade” last October.

    As a result of the rally, it seems as though just about everyone has now turned bullish on oil. And, you know what that means… It’s time for us to turn bearish.

     

     

    --

    When it comes to commodities in general – and oil in particular – it pays to be a contrarian. Back in October, for example, most folks were looking for the price to fall. So, we took the other side of that trade and bet on a rally.

    Today, after a monstrous rally, most folks are looking for even higher oil prices. Heck, one analyst on a financial news network spoke on Wednesday about a $100 per barrel price target.

    Nobody was talking that way last October. And, it has me thinking that the next move for oil is most likely to be lower.

    This chart seems to support that view as well. Take a look…

    Oil is currently trading about 13% above its 50-day moving average (MA – the blue line). That’s an extended and overbought condition. Oil rarely gets more than 10% away from its 50-day MA before snapping back towards the line.Also, the most recent move higher over the past month has created negative divergence on the MACD and RSI momentum indicators. As the price of oil has made a higher high, the indicators have made lower highs. This sort of negative divergence is often an early warning sign of a reversal in trend.

    So, it seems to me that oil is more likely to be lower next month rather than higher.

    Traders who bought oil last October should consider taking profits on that trade. Aggressive traders might consider betting on a lower oil price over the next several weeks.

     

    The big question is, what does Barb think about all this?;-)

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  • Sat, Feb 06, 2021 - 9:25pm

    dryam2000

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    Hmm..

    brushhog said:

    The difference in the cost of living alone is make-or-break. I remember when they both graduated from their respective professions and the parents threw a party. It was like "HERE'S OUR SON THE DOCTOR!!!" ....and "oh yeah, this is our other son the electrician, ahem.". I thought it was so stupid, and turns out I was right.

    Most people don’t become doctors to become rich.  Most doctors are ultra focused on caring for patients & making money often isn’t on the radar....believe it or not.  Doctors might look like they have great lives via conventional terms.  Many times their families might, but many doctors themselves suffer immensely.  Partially opting out like the gentleman on the podcast isn’t a realistic choice for most...patients are sick as hell 24/7/365, and most aspects of medicine have been taken over by large corporations with the singular goal of squeezing every penny out of each process and every doctor/nurse/etc they can.  Student debt is equivalent of having a mortgage without actually owning a (nice) house.  Few people are willing to invest as heavily in *themselves* as doctors do.  Not everyone makes it through the minimum of 7 years of med school & residency, and becomes a viable money making doctor.  Well beyond financial debt there’s a time, energy, & effort investment at great personal sacrifice....countless missed b-days, holidays, family gatherings, weddings, etc...which only about 0.001% of the population could understand. Investing that much in just about any other profession would reap tremendous financial reward.

    Personally, I drive a Honda Accord. Paid off my med school loans after a little over a year out of residency by working my ass off & living like a pauper.  I have never lived with debt otherwise. Fortunately I’ve saved my pennies over the years & I’m not forced to work because of money/debt.

    So in your quote above you thought they were so stupid *before* life played out? 🤔 And you were right about what exactly?   I’m definitely not saying anything disrespectful of any other profession.  My “second dad” with a 7th grade education shoveled asphalt for 40+ years to support his family of 6.  I loved and respected that man dearly.  His son & one of my best friends, also became a doctor after his passing, but only after being a teacher first.   That quote above reflects you don’t  know what you don’t know and it’s beyond offensive.   Btw, my family was adamantly against me going to med school as I was an engineer previously.  I could give two shits about anyone’s thoughts about me being a doctor, and don’t shed a tear for me as I’ve had a great life in ways few could understand.  I went into the medicine for the right reasons....as most do, and I’ve done my very best while never causing harm to a single patient AFAIK.  I’m trying to deal with my personal burnout after seeing nearly 100k patients and the huge number of unwarranted very disrespectful interactions that goes along with that especially in the context of ever declining levels of societal behavior over the past 20 years.   (Good) physicians are burning out at an unprecedented rate.  Few people have any idea.  I would caution anyone from giving a physician unwarranted disrespect because someday you or a loved one might be in great need of care & it might not be there.

    As for the podcast, I thought it was excellent.  More doctors need be much more frugal, and instead of trying to give their profession 100% of their energy try giving just a few % to their finances. Doctors have a tough time saying no.  Doctors are can-do types.  If they have to work 36 straight hours that’s what they do.  If their spouse presents an extra expense, then they think “fine, I’ll work 27 days this month instead of 23”.  It’s easy to not realize one is nearly mortally wounded after 100,000 very small cuts.  Anyway, I’m looking forward to reading the book.  Greatly appreciate it.

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  • Sun, Feb 07, 2021 - 12:48am

    #8
    davefairtex

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    doctors

    My older sister is a doctor.  Spine surgeon.  Man.  Tough life.  She once told me that both her kids, having watched what she went through while they were growing up, wanted no part of being a doctor.

    Just the process of med school, internship, residency, and then - finally - a working life, just doesn't seem reasonable.  36 hour shifts were routine.  36 hours!!

    What profession finds this reasonable?

    Medicine, apparently.

    At least its recession-proof though.  🙂

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  • Sun, Feb 07, 2021 - 1:21am

    planfortomorrow

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    planfortomorrow said:

    I agree with the premise of the entire podcast but I prefer my method. I do believe that you should seek out the very best Fiduciary but Folks don't do this for some reason I don't think. They end up hiring these guys and girls that have no idea even how to manage stop loses but they know how to schedule appointments to go over your account because they get a handsome fee for the exercise. Additionally, most all of them seem to think the economy is doing so well on its own when it's a Fed supported, thin air scheme to float all boats. They accept all accolades for showing their clients balance sheet as up as though they had some great wisdom. The truth is most all these financial advisers are just good salesman and have no clue about being a broker. I know quite a few of them and honestly when I hear them speak I just shake my head.

    The good Folks at Harbor Springs are first rate and ARE Fiduciary's and if I had a need I would hire them but, this is my life and I love doing this. I never want anyone managing my affairs as it is always it seems too slow for me. If I want to Sell or Buy I punch in order of things that can take a few days to complete. Not good enough, especially when I can do it in 30 seconds by punching a few keys and it's done. I don't want to pick up the phone, small talk and then due business. Usually when giving a Buy or Sell order it's a first in line process or who has the most cash invested in the brokers business get the first order performed. Peace

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  • Sun, Feb 07, 2021 - 1:51am

    planfortomorrow

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    planfortomorrow said:

    Well, Barb is really good at nursing and I have oil down. Regarding Barb, she don't really need to invest, she makes a high 6 digit income with a benefits package that yields a great savings to our lives so, we start from a great place every day, so the stressors are not really there, there. Thanks for asking! LOL

    Yeah, I stopped listening to Folks talk their book many moons ago.

    As you know many of the really smart people have been wrong on so many things for such a long time. Surprisingly I have not and oil and natural gas are my passion. You know, you can short these commodities too so you must pay attention to a lot of moving parts. Weather!? It seems I have a knack for getting in and out at good times. I'll go with my stuff, my gut and intuition.

     

    Here are reason's I like oil right now. Before sharing a few reason and I could list many so please understand that I try to keep things as simple as possible so that takes a lot of research and daily data reads to get a firm hold on where the market should head at that time in space. I am not a buy and hold investor but one that just tries on a daily bases to read and think a lot about what the tea leaves say.

    Reason's I'm in:

    The correlation to GDP is so profound and it is expected the this years GDP will run hot, 5 to 6% and this most definitely will effect oil consumption in a HUGE way. I put it first on my list because this will really matter the most IMHO

    Oil is always the first into a Recession and first out so Demand is absolutely going up near term and the share price with it

    The Fed has our back, BIG TIME and until it breaks, if it breaks, it's a confidence game and the ""market"" still believes the Fed has this! Plus, if things get silly like with GameStop then the regulators work overtime to make things very uneasy for the Retail investor. This game is run by the Elite, the status quo. The game is theirs, they own the house so it's just a matter of time before the percentages get re-routed back to their favor. This is a given.

    Inflation

    Every shot in the arm is Demand going forward

    Supply issues because of no Capex

    All that cash sitting on the sidelines

    All that stimulus cash waiting to be spent at an unprecedented pace because we have all been cooped up for a year now.

    Demand in everything will be way up

    Car's will be driven, replacing public transportation for a good while after the Pandemic and the economy opens up

    I believe an Infrastructure plan will take shape if just to employ folks and this will create unbelievable demand for oil. Imagine an electrical infrastructure. It will have to replace or restore our entire electrical grid and that means every nook and cranny of our nation will be rebuilt and is why a great deal of oil will be used. Lets face it, electrical wires are strung up in all area's, remote and easy access. Every community will have cash sloshing through it and their spin off economy will be many times greater than the build in my opinion.

    Art isn't the only one believing that Supply will be an issue but Art is my go to expert. If he is correct about production or even close in the US then by June we will have a big problem with Supply. If Art is wrong then oil still goes much higher with every vaccine shot. With every car that heads to their new job. I firmly believe that if Art is correct that oil will overshoot in prices and I will benefit from this. These are the times I look to soften and take a lot of cash off the table because now we are in a precarious position.

    As you probably know and I think it's conservative but Goldman Saks has oil at $65, they have 100 boe a day. all by August too. I have tried to punch holes into this but I can't. We just haven't spent any capex into oil for a long, long time world wide and that MATTERS. Plus, oil is THE commodity and the economy is oil. So, if you believe this too then you see what I see, especially the next 2 or 3 years. as far as share price going up! The beauty in all of this is I have long since been playing with house money and I have only utilities for my home as debt. Right now or actually by May 1st I will have no rent payment as I live on my 12 acre farm/woods in my awesome RV until my Cabin is built with no debt or rent /mortgage payment. I am paying cash for my cabin and then plan to get every penny of equity out before housing crashes/corrects and I lose with housing going down while my equity sits. No thank you. Housing prices are way up so I want the equity, pay the mortgage which is a tax write off, historically low interest rates and sit on the cash or invest it. I owned a home that was $250 in value. Waited too long to get that cash out and ended up with a $150k home so lost $100K. This during the 2008-09 crisis and lost a boat load as that equity would have been in the oil space and would have made even more from oil's rise again to $100 a barrel. I had to wait for the Fed to start pumping and help all boats to rise again. I won't make that mistake again.

    Too conclude: I am aware of my circumstance and could list many more tail winds but why? I just believe that we are heading into a terrific year so why try to time this. I can always hit the Sell button but I'll just hedge my position which has been completed and for now watch some truly great profits roll on in.

    Oil has been on a moon shot since November (plus 200%!!!) so it has been great times for us suckers, you know?! LOL! I believe this year will be one for the ages and I get all giddy with every 1 million plus shots given every day for the next 100 days because that is oil DEMAND. Nothing frankly do I see will stop this march forward except a virulent virus that makes all vaccines useless.

    Thank you for your time on this and reminding me that I cannot let up on my work. I will never let my Biases interfere with reality. I certainly would never let another Man or Women make my mind up for me no matter how brilliant. Got to do your own work and see the world for what it is. Near term, I see very few negatives for buying oil so cheaply. Peace

    From Art Bermen, an excerpt of a truly superb opinion piece:

    Price-volume excursions have occurred at least once per year since 2014. They usually last 3 to 4 months and may involve price changes of 30% compared to the yield curve.

    The latest excursion in 2020 has been extraordinary. It has lasted 9 months so far and prices have varied up to 60% from the yield curve.

    Price formation in oil markets is all about supply.  Demand is of course important but markets cannot control demand. They can, however, use price as a lever to encourage drilling when there are concerns about under-supply and to discourage drilling when over-supply dominates.

    In 2020, markets sent the strongest possible message to producers with a negative daily price in April to stop drilling. It worked and thousands of wells were shut in.

    Prices have been relatively stable since June with WTI averaging a little more than $40 per barrel. The announcement of promising Covid vaccines in November led markets to consider supply security for 2021 and it doesn’t look good. Certainly OPEC+ has ample spare capacity for much of the coming year but U.S. production looks bleak.

    U.S. output has accounted for nearly all supply growth over the last 10 years. Production is down from almost 13 mmb/d in early 2020 to less than 11 mmb/d in September. EIA forecasts an average rate of 11 mmb/d for 2021 but that is optimistic. Current rig counts are approximately 1/3 of what is needed to maintain that level and I am skeptical that drilled uncompleted wells will make up the difference.

    The recent increase in WTI futures price to about $45 suggests that markets agree with me.  What has happened so far is that the ~10% Covid discount has been removed.  Price and projected volume data is back on the green yield curve in Figure 3.

    I believe that markets will continue to send a strong price signal to producers to drill more wells. It will take time before more drilling translates into enough oil production to offset legacy declines. Markets know this.

    I do not anticipate substantial decline in U.S. production until April of 2021 based on the long lag between drilling and output.  Production will not increase until next summer if rig count continues to increase from its apparent bottom in July.

    Previous price-volume excursions suggest that WTI could go as high as $60 per barrel if markets continue to feel supply urgency. At the same time, that history does not suggest that prices will be permanently higher.

    The real question is whether or not investors will get the price signal and provide capital for oil companies to drill.

    The response so far is not encouraging. Figure 4 shows 2020 normalized share prices for key E&P companies and normalized WTI prices (“Permian” is the average share price of Concho, Diamondback, Pioneer and EOG). Despite the recent increase in share prices, all sampled companies are under-performing WTI price.
    Figure 4. All sampled E&P companies are under-performing WTI price despite recent increase in share prices. All values are normalized for 2020 prices. Source: Yahoo Finance, EIA and Labyrinth Consulting Services, Inc.
    The economy runs on oil. Perhaps a major energy transition has begun in which the role of oil will be progressively diminished in coming decades. Markets do not think in decades.

    I am surprised that this opportunity for profit is apparently missed or ignored by investors.

    The market knows that investment is needed immediately. The consequences of ignoring what the market knows may be economically disastrous for a struggling world economy.

     

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  • Sun, Feb 07, 2021 - 5:08am

    brushhog

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    You dont have to justify your choice to become a Dr

    Not to me or anyone else. If you're happy with your life thats all that matters whether you are a Dr, an electrician, or a street sweeper. Nor is it necessary to list your personal accomplishments before making your point...it doesnt make what you say any more true or false. I will give equal weight to your position regardless of your personal circumstances [ I promise ].

    As to what you quoted, I thought the parent's exaltation of the one son becoming a doctor, and the obviously reduced enthusiasm for their other son's profession was stupid. And, yes, I WAS right. It was stupid.

    But you know, this is the internet. I always have to remind myself of that, and whatever anyone writes HAS to be refuted by someone. If I came out and wrote that the sky is blue, somebody would have to contradict it. Write that the earth revolves around the sun and you'll get "well ACTUALLY...."

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  • Sun, Feb 07, 2021 - 5:59am

    #12
    dryam2000

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    dryam2000 said:

    Brushhog, my lengthy post above was not written for you.  It was written for the broader audience, and an attempt to give further insight into doctors lives & the topic of why doctors don’t get rich.  I agree, no one should feel compelled to justify choices they make & I certainly wasn’t attempting to do that as “I could give two shits”.  Looking for external validation is a fruitless pursuit.
    As far as the internet goes, it’s  good for people to give their perspective & move on.  I genuinely hope you have a good day.

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  • Sun, Feb 07, 2021 - 6:11am

    brushhog

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    You asked

    You replied to my comment and asked me several questions;

    "So in your quote above you thought they were so stupid *before* life played out? 🤔 And you were right about what exactly? "

    I answered.

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  • Sun, Feb 07, 2021 - 6:12am

    #14
    stealyourface

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    stealyourface said:

    When choosing any profession one needs to keep in context the 8 forms of capital:  Financial, Social, Material, Living, Emotional, Knowledge, cultural, Time.

    Myself and my whole family are in the medical field and watching and listening to MD for many years you have to ask yourself is the potential financial, +/- emotional, and knowledge capital equal to or greater than the huge cost of TIME and physical/living, +/-emotional.

    In the game of life, loss of time capital is the big one.

    side story - my brother-in-law is an Interventional Cardiologist. A couple years ago an active heart attack came in. He was able to successfully place the stent/s saving the mans life. The first thing the man said to my brother-in-law (when he came around) was "what took you so long".

    I can attest to the decline of human decency, being cordial, understanding etc in patients. It makes the days much more difficult get through.

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  • Sun, Feb 07, 2021 - 9:13am

    #15
    dryam2000

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    On that stock market...

    Quick post before I have to go clean the chicken coop & walk my dog.

    Everything in life involves risk, and when it comes to investing it’s all about assessing risks.  And, keep in mind the strongest human emotion is fear....excessively so IMO.  For such a long time I hear people saying “the stock market valuations are ridiculously high and it’s going to crash”.  Combine this with the fact that the stock market and the real world economy have never been as divergent as they are now.  I would suggest one need to step back and ask why this is.  When the “obvious” isn’t so obvious then something is being missed.  Yes, the markets “should have” cratered years ago.  The mother of all markets is the UST market.  It’s the most liquid market in the world & up until this year was considered by many to be the safest asset class in the world.  The fact is the UST market is at the core of the melting down nuclear reactor which is fueling the everything bubble.  People are fleeing the largest asset class in the world as that is a sinking ship.  I’ll spare you the details, but just read a little bit of financial news which reflects the “crazy” things that are going on in the financial world...explosion of BTC, ever higher stock markets, TSLA to the moon, Put/call ratio at lowest point in over a decade, etc.  Sure, gold/silver havens exploded but that’s because those prices are completely manipulation in the futures market.  Long known precious metals manipulator whale JP Morgan just happened to come out with a downgrade of silver miners last Monday after the physical silver short squeeze was on put on over that precious weekend.  There are physical silver shortages around the world, and silver just happens to be one of the most important industrial metals going forward in our highly technology driven society as silver is the best conductor of electricity and is in most electronics.  So, if anyone still thinks the metals markets aren’t manipulated, then nothing else will ever convince them.  Back to the markets.  Stocks are required to go up or the US financial system would implode.  Again, it’s the bond market that’s most important & if stocks go down, the bond market goes down.  The US economy became hyperfinancialized via the USD being the reserve currency:  US exported USDs and its manufacturing base to the rest of the world, and imported real stuff.  It seemed like a great deal for such a long time....printing USDs in return for things like real oil, the most important commodity in the world.  Over 66% of the economy is based on consumption.  A large part of tax receipts come from the stock market.  It’s not by happenstance that all things financial have gone up over the past 35 years:  stocks, bonds, housing, etc.  All rules, laws, incentives have been to keep propping up the system.  The system is now hallowed out & empty...”can we have some N95 masks, please...pretty please?”  Up until this past year the US debt was largely financed by foreigners, but Covid changed that and now < 5% is bought by foreigners.  Bottom line, IMO stocks, commodities, EMs, farmland, cryptos, etc are all going much higher while the USD goes much lower over the long term.  There might be some short term zig-zags, but long term I think the direction is clear. A word of caution on the cryptos, while they have **tremendous** upside potential the right side of their chart could end up looking like the graph a turkey prior to Thanksgiving of the the West ever outlaws/highly regulates them as there is a concern China, etc could weaponize them against the US.  The control are would be the on/off ramps of the banks.  That worldwide semiconductor shortage didn’t just pop up out of nowhere in Q4 2020, it paralleled the explosion of BTC.  China & other countries have been massively mining the cryptos.  All that doesn’t give me a good feel.

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  • Sun, Feb 07, 2021 - 9:36am

    #16
    dryam2000

    dryam2000

    Status: Bronze Member

    Joined: Sep 06 2009

    Posts: 149

    2

    Luke Gromen

    I’ve suggested to Adam that Luke Gromen might be a good interview for PP regarding the financial markets.

    Here is a sampling of some Luke Gromen interviews.  IMO he’s the best Macro guy in the business.









     

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  • Sun, Feb 07, 2021 - 11:28am

    #17
    Mohammed Mast

    Mohammed Mast

    Status: Platinum Member

    Joined: May 17 2017

    Posts: 1460

    2

    Never Met a Poor Doctor

    Disclaimer: did not watch the podcast. That said If you became a doctor to get rich then I don't feel sorry for you if you didn't.

    In general doctors are the highest paid people in the US. I am glad they are. They do much good and go through a lot to get there. But I don't feel sorry for any doctor who does not get rich. Getting rich off the misfortunes of others is misplaced priorities.

    https://www.investopedia.com/personal-finance/top-highest-paying-jobs/

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  • Sun, Feb 07, 2021 - 12:40pm

    #18
    groldi

    groldi

    Status: Member

    Joined: Dec 16 2020

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    0

    Maybe som doctors don't want to get rich

    There's a german doctor, Prof. Winfried Stöcker, who developed a cheap an easy to produce vaccine working with over 90% effectiveness, this confirmed by well known Prof. Drosten and Prof. Streeck, who is now charged for "possible criminal action" because he tested it on over 60  volunteers. He wants to make the recipe open source.

     

    He says:'If it turns out that my method works, the the patents of the others will be obsolete. Because anyone could produce the vaccine.'

     

    https://www.t-online.de/nachrichten/deutschland/id_89425046/deutscher-labormediziner-entwickelt-eigenen-corona-impfstoff-behoerden-ermitteln-.html

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  • Sun, Feb 07, 2021 - 5:21pm

    agitating prop

    agitating prop

    Status: Gold Member

    Joined: May 28 2009

    Posts: 849

    3

    two brothers

    I imagine the electrician is more relaxed and happy. Primary care physicians have a tough go, paying off student loans. They don't have the gargantuan incomes that specialist do to offset the cost of their education. Corporate clinics take their piece of flesh too. Medicine isn't what it used to be.

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  • Sun, Feb 07, 2021 - 5:49pm

    #20
    agitating prop

    agitating prop

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    Posts: 849

    3

    Dryam--put your post into paragraph form

    Dryam said:
    On that stock market...

    Quick post before I have to go clean the chicken coop & walk my dog.

    Everything in life involves risk, and when it comes to investing it’s all about assessing risks.  And, keep in mind the strongest human emotion is fear....excessively so IMO.

     For such a long time I hear people saying “the stock market valuations are ridiculously high and it’s going to crash”.  Combine this with the fact that the stock market and the real world economy have never been as divergent as they are now.

     I would suggest one need to step back and ask why this is.  When the “obvious” isn’t so obvious then something is being missed.  Yes, the markets “should have” cratered years ago.  The mother of all markets is the UST market.  It’s the most liquid market in the world & up until this year was considered by many to be the safest asset class in the world.

     The fact is the UST market is at the core of the melting down nuclear reactor which is fueling the everything bubble.  People are fleeing the largest asset class in the world as that is a sinking ship.

     I’ll spare you the details, but just read a little bit of financial news which reflects the “crazy” things that are going on in the financial world...explosion of BTC, ever higher stock markets, TSLA to the moon, Put/call ratio at lowest point in over a decade, etc.

     Sure, gold/silver havens exploded but that’s because those prices are completely manipulation in the futures market.  Long known precious metals manipulator whale JP Morgan just happened to come out with a downgrade of silver miners last Monday after the physical silver short squeeze was on put on over that precious weekend.  

    There are physical silver shortages around the world, and silver just happens to be one of the most important industrial metals going forward in our highly technology driven society as silver is the best conductor of electricity and is in most electronics.

     So, if anyone still thinks the metals markets aren’t manipulated, then nothing else will ever convince them.  Back to the markets.  Stocks are required to go up or the US financial system would implode.

     Again, it’s the bond market that’s most important & if stocks go down, the bond market goes down.  The US economy became hyperfinancialized via the USD being the reserve currency:

     US exported USDs and its manufacturing base to the rest of the world, and imported real stuff.  It seemed like a great deal for such a long time....printing USDs in return for things like real oil, the most important commodity in the world.

     Over 66% of the economy is based on consumption.  A large part of tax receipts come from the stock market.  It’s not by happenstance that all things financial have gone up over the past 35 years:  stocks, bonds, housing, etc.

     All rules, laws, incentives have been to keep propping up the system.  The system is now hallowed out & empty...”can we have some N95 masks, please...pretty please?”  Up until this past year the US debt was largely financed by foreigners, but Covid changed that and now < 5% is bought by foreigners.

     Bottom line, IMO stocks, commodities, EMs, farmland, cryptos, etc are all going much higher while the USD goes much lower over the long term.  There might be some short term zig-zags, but long term I think the direction is clear.

    A word of caution on the cryptos, while they have **tremendous** upside potential the right side of their chart could end up looking like the graph a turkey prior to Thanksgiving of the the West ever outlaws/highly regulates them as there is a concern China, etc could weaponize them against the US.  

    The control are would be the on/off ramps of the banks.  That worldwide semiconductor shortage didn’t just pop up out of nowhere in Q4 2020, it paralleled the explosion of BTC.  China & other countries have been massively mining the cryptos.  All that doesn’t give me a good feel.

    *******************************************

    Thanks for that. It was well worth the read, Dryam.

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  • Sun, Feb 07, 2021 - 5:52pm

    brushhog

    brushhog

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    Joined: Oct 06 2015

    Posts: 743

    4

    Two brothers

    The electrician is definitely more relaxed and happy, in fact I can objectively say he is better off in most regards. He rarely works an 8 hour day, and now that his contracting business is established he mostly just supervises.

    This doesnt mean that every electrician is better off than every doctor, but it does suggest to me that becoming a doctor is no guarantee of financial or personal success.

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  • Sun, Feb 07, 2021 - 6:17pm

    agitating prop

    agitating prop

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    Joined: May 28 2009

    Posts: 849

    6

    Mohammed M

    Getting rich off the misfortunes of others, is putting a terribly negative spin on things. And primary care physicians working for corporate clinics don't have particularly high incomes. Read up on it. Everyone in the American medical system is being taken advantage of...primary care physicians, patients etc...Corporate health insurance, corporate clinics. It's a different world now. The only ones who have decent take home pay are specialists. Not to mention malpractice insurance. I am surprised there are any ob-gyn's left in the U.S.

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  • Sun, Feb 07, 2021 - 7:22pm

    dryam2000

    dryam2000

    Status: Bronze Member

    Joined: Sep 06 2009

    Posts: 149

    1

    Thank you

    Thank you for rewriting what I wrote. I was in a huge rush & I was trying to spew my thoughts out as quick as I could.  If I didn’t get the chicken coop cleaned up and finish some other chores before my wife got home it might have been more serious than a financial meltdown tomorrow.  LOL

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  • Sun, Feb 07, 2021 - 8:00pm

    Mohammed Mast

    Mohammed Mast

    Status: Platinum Member

    Joined: May 17 2017

    Posts: 1460

    1

    ap

    That's Nice.Bless Your Heart

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  • Sun, Feb 07, 2021 - 8:26pm

    Mohammed Mast

    Mohammed Mast

    Status: Platinum Member

    Joined: May 17 2017

    Posts: 1460

    1

    dryam

    "A word of caution on the cryptos, while they have **tremendous** upside potential the right side of their chart could end up looking like the graph a turkey prior to Thanksgiving of the the West ever outlaws/highly regulates them as there is a concern China, etc could weaponize them against the US.  The control are would be the on/off ramps of the banks.  That worldwide semiconductor shortage didn’t just pop up out of nowhere in Q4 2020, it paralleled the explosion of BTC.  China & other countries have been massively mining the cryptos.  All that doesn’t give me a good feel."

    I guess you missed my post in the forums on Busting FUD. FUD is Fear, Uncertainty and Doubt. Your warning above is loaded with a lot of it. "The right side of the chart could?" Well doc lot's of things "could " . I would love a friendly wager on what you think about the turkey and what I think about the USD. Or better yet I will take an asteroid hitting earth and you take the turkey. Uh the US already regulates crypto. As a matter of fact if it gets more highly regulated it will be even more attractive to large institutional buyers which will drive up the price. Again a friendly wager ? The US outlaws Crypto and I will take an asteroid hitting the earth. What the hell I will put up one BTC current value $40 k against 20 $20 St Gaudens, just for fun. Now here is the hysterical one "China could weaponize them against the US " lol (have you been listening to Mike Green  by any chance?) China doesn't have to weaponize anything. The Fed and the US government are weaponized enough against"us". Or they could stop supplying PPE, or 70% of the shit Amerikaans buy from them. So let me get this straight. China is going to weaponize a $700 billion market cap crypto against the US? Just how is that going to happen? If the US is that fragile I suggest there are bigger problems to deal with.Do you check under your bed before you get in? I have no idea what the whole semiconductor thing is. Yes China has been massively mining BTC for along time. What's your point. It is a global network. Peter Thiel has a mining operation in Texas.Flared gas is being used to generate electricity. There are large mining operations in Iceland.You don't feel good? Maybe you should see a doctor. Lol Just a joke.

    So since you missed it listen to this.





     

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  • Mon, Feb 08, 2021 - 1:34am

    agitating prop

    agitating prop

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    Joined: May 28 2009

    Posts: 849

    2

    You're welcome

    And thank you for your  post about the current economy. I particularly like your thoughts about Bitcoin. Brilliant to be cautious right now. Bitcoin is most likely doomed to failure. Etheream is poised to do okay as it fills a different function.

    There is no compelling reason to use Bitcoin if it becomes highly regulated. Governments will torque down more and more on it and soon. Gold is a better hedge against inflation right now but how much better is hard to tell. Bitcoin seems like a speculative frenzy.

     

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  • Mon, Feb 08, 2021 - 3:41am

    #27
    brushhog

    brushhog

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    Joined: Oct 06 2015

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    6

    Agree about bitcoin

    Bitcoin is in a highly speculative mania right now. Whether or not it has any legs going forward is far from established. I like gold, I own gold but its become very clear just how massively manipulated the market is. I suspect gold may not really break out until the powers that be have lost control of the markets.

    In a previous discussion thread, we saw how the residential real estate market holds many challenges and concerns of an increasing political nature. Commercial real estate is facing collapse with the lockdowns and unless that reverses [ and fast ] I wouldnt touch that market.

    Whats left? An overpriced stock market who's manipulated growth seems unsustainable...a zero yielding bond market?

    The choice facing every investor right now is whether to gamble on the teetering market of their choice, or face inflationary oblivion in cash.

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  • Mon, Feb 08, 2021 - 8:16am

    #28
    Mohammed Mast

    Mohammed Mast

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    Joined: May 17 2017

    Posts: 1460

    1

    SEC Commissioner Hester Peirce on Crypto Regulation.

    It is easy and understandable  for people not involved to be ignorant of the crypto space. This leads to an irrational belief system and FUD. There is a over reliance on sensational media coverage not based in fact.

    This is Hester Peirce is an SEC commissioner who speaks intelligently about the innovation in the crypto space. There is an assumption that the government will regulate crypto out of existence. The fact is that pension funds, endowments, insurance companies etc are sitting on the sidelines waiting for more regulation. Regulation actually makes for more clarity.

    A little anecdote: 4 years ago I attempted to start a crypto custody company to custody tokens that would be insured by LLoyds of London. The insurance part was a piece of cake. The regulatory issue in the US was/is a nightmare. As witnessed in the response to SC2 there are 50 states with different approaches, there are different Federal agencies with different guidance. The situation is far worse in the crypto space. It was clear that it was not possible to move forward in the US. Less than 1 year later there was the first insured custodial business outside of the US. Moral of story? Regulatory clarity would have enabled a new business and more innovation creating jobs.Regulators understand this.

    By all means do hang on to your Belief System and FUD.













     

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  • Mon, Feb 08, 2021 - 8:25am

    #29
    Mohammed Mast

    Mohammed Mast

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    Speculative Mania

    WOW BTC is speculative mania. HMMMM.

    News Flash: Silver is a speculative mania. Gold is speculative.

    As a matter of fact all of life is speculative.

    Anybody look at the charts of PM's since 1971? How about last week?

    Here is a speculation.

    https://www.coindesk.com/tesla-invests-1-5b-in-bitcoin-plans-to-accept-crypto-payments

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  • Mon, Feb 08, 2021 - 12:14pm

    agitating prop

    agitating prop

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    0

    "plans to accept"

    "plans to accept," is the key statement there. That's not an endorsement. It's a qualifier. In other words, if it manages to hold its value. It's a statement of doubt, in recognition of its highly speculative nature.

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  • Mon, Feb 08, 2021 - 12:20pm

    agitating prop

    agitating prop

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    Objective and subjective opinions.

    "It is easy and understandable for people not involved to be ignorant of the crypto space. This leads to an irrational belief system and FUD. There is a over reliance on sensational media coverage not based in fact."  MMast

    The best analytical work is produced by insiders and educated outsiders working together and reaching some kind of consensus. The outsider provides objectivity. The insider provides a fearless perspective that may act as a counter to an over abundance caution.

    But, they certainly need each other.

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  • Mon, Feb 08, 2021 - 12:27pm

    Mohammed Mast

    Mohammed Mast

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    1

    ap

    That's nice bless your heart

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  • Mon, Feb 08, 2021 - 1:10pm

    #33
    agitating prop

    agitating prop

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    1

    Anyway, back to doctors.

    I would never want to be one, ever, ever, ever. Not in the U.S. It's a dream job in Canada with universal coverage. Still though, primary care physicians take on a huge burden of time, effort and financial debt.

    I wonder what the future of medical care is going to be with billions of boomers getting old and feeble. It will be really tough to find a pc physician.

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  • Mon, Feb 08, 2021 - 2:21pm

    2retired

    2retired

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    2

    not a dream job

    In Canada we have provincial government run HMOs with a monopoly (with all that entails) and it is highly politicized. Some specialty groups do better, some worse (than the US). We only look good when (selectively) compared to the US, and seen from afar; and do much worse than any Europeans. Of my cohorts, being able to retire when our peers do, is based, most often, on having some other financial boost.

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  • Mon, Feb 08, 2021 - 3:18pm

    brushhog

    brushhog

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    No definitely not a dream job

    The Canadian health care system has its share of problems. When looking for the ideal place to practice medicine I think you'd have to consider some of these massive clinics being built for American, Canadian, and European 'patients without borders'. The Caribbean, Costa Rica, India and etc..  This is a huge and growing industry  capitalizing on the failures of the western health care systems. Waiting lists, insurance denials, and sky high costs have forced many people to go outside their countries to seek affordable health care. These are state of the art facilities with some of the best doctors in the world.

    They are less burdened by politics, and less strangled by insurance interests. It is closer to a free market solution which usually benefits everyone [ except the government imposed middle men ].

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  • Mon, Feb 08, 2021 - 4:13pm

    #36
    dryam2000

    dryam2000

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    1

    Much more conviction today about BTC

    With Tesla buying $1.5B BTC my conviction for BTC has gone up quite a bit. This purchase gives the green light broadly to large corporations & financial institutions of all sorts to put some of their large piles of cash into BTC.  The price floor has gotten much, much firmer.  Also, as institutional buying progresses the risk of government harming BTC get less & less.

    Tesla just got slammed buy multiple Chinese regulators.  Was the slam warranted?  Who knows, but seems like a win:win for China:  1) they get to say Tesla is terrible so it boosts their EV companies, 2) puts pressure on the financial system as Tesla has become the behemoth darling stock of the US stock market (and has become a TBTF as it presents systemic risks).  Seems very coincidental that China slams Tesla & Tesla buys BTC.  Makes me wonder if the BTC purchase was a Hail Mary by Elon Musk.  Also, it’s not out of the realm of possibility that the purchase of BTC was actually induced by Fed, etc.

    There was also a report Tesla was considering buying gold.  That would completely shock me as that would be messing with the beast of all beasts as far as the US goes.  There’s a few things the US government doesn’t tolerate such as selling oil or gas in a non-USD currency, and I suspect messing around with gold with big money is is very much frowned upon.....especially an entity who has received a lot of money by the government.

    https://www.reuters.com/article/us-tesla-china-idINKBN2A818V

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  • Mon, Feb 08, 2021 - 5:26pm

    #37
    asgordon123

    asgordon123

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    Joined: Aug 05 2018

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    19

    seems like the new content on PP has really slowed down.....

    missing the value added insider updates and other great content i've come to expect.

    i turn to PP to keep me aware of what's coming....right now i feel like we're really falling behind.

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  • Mon, Feb 08, 2021 - 6:19pm

    Mohammed Mast

    Mohammed Mast

    Status: Platinum Member

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    Posts: 1460

    6

    Mr. Brushhog

    You absolutely nailed it. I had a medical travel business for a number of years. I facilitated people traveling to other countries for everything from hip replacements to dental implants.

    Anecdote I had an implant done in India for $250. The crown $200. The best hip surgeon in the world is Vijay Bose in Chennai India. 6 days in  a state of the art facility (with a companion) for less than $10 k.

    I only worked with JCI accredited hospitals. I worked with the Apollo Hospital group which is the largest hospital group in Asia. When I was in India only 14 % of the population had health insurance. There is no Medicare or Medicaid. But I paid for an appendectomy for my watchman and it was $125. At least 50% of the cost of health care in this country is administrative.

    I went to Thailand to sign up hospitals and went to Bumrungrad Hospital in Bangkok. It is state of the art. The pharmacy is robotics. Your prescription arrives with your picture on the bottle to prevent mixups. Their is a computer terminal in every room to pull up your chart. The rooms are like hotel suites. The ratio of RN's to patients is 1:1 Standing outside limo after limo with oil sheiks pulled up to the curb. They ended up building a hospital in Dubai.

    The truth I learned is people will go overseas the first time because it is cheaper. They will go back because it is better.

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  • Mon, Feb 08, 2021 - 6:32pm

    #39
    drbost

    drbost

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    6

    Reply to asgordon123 (#37)

    I agree!  Really miss CM's thoughtful analyses (but appreciate Adam's regular contributions)!  Hope he's back with them soon!

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  • Tue, Feb 09, 2021 - 7:31am

    #40
    davefairtex

    davefairtex

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    11

    what I miss

    I miss Chris's updates on the FLCCC doctors and their struggle to get Fauci & CO to pay attention the science and help bring Ivermectin and other outpatient treatments for COVID-19 to America.

    Because it will save lives - of our friends, and our countrymen.  And women.

    That's what I miss.

    If "the party of science" lived up to its name, hundreds of thousands of lives would be saved.

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  • Tue, Feb 09, 2021 - 8:20am

    #41

    sand_puppy

    Status: Member

    Joined: Apr 13 2011

    Posts: 1930

    11

    Covid19Crusher chronicles the emerging treatments on his twitter feed

    A fascinating place to drop into each day to see what cutting edge discovery is gaining attention.  COVID19Crusher

    One of the most recent is inhaled corticosteroid, budesonide.   It was initially recommended by a GP, Dr Richard Bartlett, then pooh-poohed delaying its application by months, then most recently shown to be very helpful in a RCT in the UK.

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  • Tue, Feb 09, 2021 - 9:05am

    #42
    Mohammed Mast

    Mohammed Mast

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    Joined: May 17 2017

    Posts: 1460

    1

    Bitcoin Lifetime Chart

    This is a lifetime chart of Bitcoin.It has a steady rise over 13 years.

    Historical Price

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  • Tue, Feb 09, 2021 - 11:45am

    Eannao

    Status: Bronze Member

    Joined: Feb 28 2015

    Posts: 226

    7

    Is Chris okay?

    Is everything okay with Chris? Much less content and online presence recently, so just wondering if he's okay?

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  • Tue, Feb 09, 2021 - 12:15pm

    Tamarie

    Tamarie

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    4

    Is Chris okay?

    Have been wondering the same thing. I look forward to his daily content on Twitter and he’s hasn’t been around. Hope everything is okay.

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  • Tue, Feb 09, 2021 - 6:53pm

    travissidelinger

    Status: Bronze Member

    Joined: Nov 17 2010

    Posts: 287

    6

    travissidelinger said:

    Wondering the same thing here.  Have we seen anything from Chris in week?  Hope things are okay.

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  • Thu, Feb 11, 2021 - 2:00pm

    planfortomorrow

    planfortomorrow

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    Posts: 2

    3

    planfortomorrow said:

    ao said: "The big question is, what does Barb think about all this?;-)".

    Ever since he did I have been thinking: We've run HOT for a good long time and I have to admit that when you do you know things aren't this easy. So I thought, lets capture some of these profits and the Cabin costs goes away because it's already paid for if I Sell something. I even mentioned it yesterday. So, I'm in bed, tired of course and my last thought was "Grandma always said, Mom too, to sleep on it and it'll be clearer in the morning'. NO truer words have ever been spoken!

    ao, you'll love this: I asked Barb!!, it's 4am and she just crawled out, me, I work from 2:30am, all day every day and nap once for 2 hours. I usually are sleeping by 9pm. "Barb, listen, my gut has been churning on the fact we have really made a lot of cash with no real correction that wasn't a buy on the dip and that I'm thinking we take 2/3 off the table, assure the Cabin's build on the profits we've made the last few months and put away all the stress by having aside this cash". Her immediate reaction was "do it, trust yourself and we will feel great because nothing else needs buying that can't wait until we move in". The Kitchen appliances and all household sundries.

    So, I made my order pre market and at 9:07 it was filled as we agreed. You see, by asking Barb I got my answer and that was is she a bit stressed about being happy we were doing so well but, wanted to get everything settled so she knew the Cabin was for real. The Dream was happening!

    We still have nice bank in shares in oil-natural gas, we have all our investments in her accounts just waiting to clear to us pn April 1st and May 1st as she has retired and we settle up 3 accounts with the hospital. So all is good. You see, we have to pay for the lumber, windows and doors. All interior shaker cabinets are ordered and waiting on when we need them. These are paid for already. We only need the bathroom vanities and a window seat. Those get purchased on Saturday.  So in my oil stocks I will pay for all we will need for the build. I sold more than needed so will buy as I see how tomorrow unfolds and get some cheap shares. It's all about the shares!

    Had I not talked with Barb I may have not sold early and got easily the high of the day, I just needed a push and who better knows when to give me one but my Lady of 47 years.

    Folks I know I include Barb in everything (add nauseum perhaps). I speak about her by design. It's my way of complementing your wives or husbands too. What we are all set upon to do is going to change the world, we lead by example, and frankly without Barb and without your spouses/friend it won't get done. It just won't. They deserve our respect and I'll be damn if Barb who has done everything in her life for me and I her isn't coming along with me for the ride, and taking just as much credit for what we are about to do?! No F...ing way!. It's a harmonious outcome quite frankly.

    Thanks ao, you were exactly what was needed for me to remain focused, not be greedy and save about $30K today as the market for me settled over 10% down. That's a lot of shares that won't cost me a dime because I saved on my 2/3rd exit! Awesome. Dumb luck I suppose. I think we make our own luck right!? As George Perles always said: work hard, keep your mouth shut and good things will happen". He didn't mean we couldn't engage in conversation, I don't think. So I get a pass when talking here are my thoughts.

    I love this site, you never know when someone is going to give some good advice. All I needed to do was "Just go ask Barb!" Dah.

    Peace BOB

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  • Thu, Feb 11, 2021 - 2:24pm

    #47
    planfortomorrow

    planfortomorrow

    Status: Member

    Joined: Dec 28 2017

    Posts: 2

    6

    What's up with Chris!?...

    I think he's working his ass off on his media room so he can bring some terrific podcasts and other things that turn him on without getting censored or having to watch every word he speaks. I believe he is about to share some serious information. My feelings after having been here 13 years is whatever he's got cooking is going to blow us away. Like what happened when he holed up in some isolated cabin somewhere in retreat and gave the world his book and the 3 E's and so much more added over the years. The Crash Course is a legacy print that he should feel very proud of and does I imagine. So, let the Man chill, smile and flirt with his Lady and take a nice deep breath. You watch, he's coming. Besides, it gives us a chance to connect with each others, have conversation and express a little more deeply how we think. Sandpuppy has a file of everything Gothic writes about on his desk! What a huge compliment to this Man and he has earned it because Gothic is one delightfully smart dude with a sense of loving life. I like him too. I like the old timers as well and the Lady's kill it when they pipe in. Fairtax is so superb and has the pulse on everything in the world. What a joy! As well, Jim H. is always relevant and so many more. I still come here for information and surprises and are seldom disappointed. Be good Folks. Peace BOB

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  • Thu, Feb 11, 2021 - 4:49pm

    #48
    aimee

    aimee

    Status: Member

    Joined: Feb 12 2021

    Posts: 3

    10

    Could Someone Please Address the Chris Question? Adam?

    I think a lot of people are beginning to wonder and worry about Chris. It is anomalous for him not to be posting and many of us are quite concerned.  While we all love Adam, I think the people that have been following Chris throughout the COVID debacle truly feel (infringing though it may be) like he is a part of our personal lives.
    There are so many strange things going on in our world and it’s difficult to ascertain if he is being censored somehow, if he is ill, or if he just needs some personal time.
    Chris is one of the best, and endearing communicators out there, so it is very disconcerting for him to go radio silent. Sure do hope he is okay.....

     

     

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  • Thu, Feb 11, 2021 - 4:55pm

    NikkoReed

    NikkoReed

    Status: Member

    Joined: Mar 21 2020

    Posts: 5

    1

    NikkoReed said:

    My hubby and I love Chris and are wondering where he is as well. Hope all is well.

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  • Thu, Feb 11, 2021 - 5:30pm

    #50
    LBL

    LBL

    Status: Gold Member

    Joined: Apr 11 2020

    Posts: 390

    1

    LBL said:

    Maybe Chris bought another goat.

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  • Thu, Feb 11, 2021 - 5:41pm

    #51
    FooBarr

    FooBarr

    Status: Bronze Member

    Joined: Oct 21 2010

    Posts: 125

    1

    Chris was abducted by aliens....????

    ....Or maybe he's watching paint dry in the new studio...  Or maybe out felling some winter-dry trees for his upcoming japanese timber-frame dairy-barn project?  Who knows....

    Either way, hopefully he's getting some recuperating time in before the 2nd half kicks off.

    All I will I say is this: if you thought 2020 was weird and now thinking things will be going back to normal now since you got your flu shots, better buckle up and hold on.  \:^o





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  • Thu, Feb 11, 2021 - 6:42pm

    Oliveoilguy

    Status: Platinum Member

    Joined: Jun 29 2012

    Posts: 1256

    5

    Speculation on Chris....

    Well......everyone else is guessing....so here is my theory. Chris is working with the FLCCC docs on something big. He would only temporarily neglect PP if he could do more good elsewhere. And getting IVM mainstreamed would do the most good for the greatest number of people ....think...... “the whole world”.  I see IVM breaking out in the near future.
    If you go to the FLCCC website, they have an “insider” paid portal very similar to PP. Looks like Chris helped them set it up. They probably need money to lobby in Washington and surely they have major expenses. Dr. Kory is a passionate man and has to be working all angles to push IVM to be the first drug to treat and/or prevent Covid. I can’t imagine the resistance coming from big pharma.

     

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  • Thu, Feb 11, 2021 - 7:02pm

    Joegrane

    Joegrane

    Status: Silver Member

    Joined: Nov 19 2020

    Posts: 130

    5

    Covid19Crusher chronicles the emerging treatments

    I'm amazed Twitter continues to allow Covid19Crusher.

    This is a recent tweet:

    Canadian University McMaster to lead clinical trials of ivermectin, metformin and fluvoxamine. With Gates Foundation funding.
    I can't wait to see the study design for that one.  How about a RCT giving one dose of .0000000001 mg IVM after the person has been in the ICU for 5 days and only to people who have vitamin D blood test results < 10ng/ml.
    The UK Recovery Trial will follow up with another RCT where they give 2000mg of IVM on the first day to people in the ICU and then pretend to wonder why more people who received treatment died.
    How about a study of outpatients that is another glorified Internet survey where the medication has to be shipped to people.  Since IVM is not nearly as time sensitive as HCQ they'll have to ship it from Vancouver to Montreal via dog sled.

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  • Thu, Feb 11, 2021 - 7:27pm

    #54

    sand_puppy

    Status: Member

    Joined: Apr 13 2011

    Posts: 1930

    14

    Chris' daughter is sick

    Getting chemo for a blood cell cancer.

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  • Thu, Feb 11, 2021 - 7:45pm

    thatchmo

    Status: Silver Member

    Joined: Dec 13 2008

    Posts: 334

    7

    Living Capital

    Well, with all the phenomenal prayers and good vibes this tribe will undoubtedly bring forth for Chris' daughter, I'm visualizing a beautiful future for her.  Aloha, Steve.

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  • Thu, Feb 11, 2021 - 8:30pm

    Tycer

    Status: Gold Member

    Joined: Apr 26 2009

    Posts: 386

    7

    Tycer said:

    Blessings to you Chris. You and yours. We care.

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  • Thu, Feb 11, 2021 - 10:07pm

    #57
    davefairtex

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 2707

    9

    the intercept

    Glenn Greenwald founded The Intercept after breaking the Snowden story.  But right before the election in 2020, Greenwald found that he was unable to post his own articles at the place he founded due to the acts of the editors who exercised complete control over what he could say.  So he had to end up quitting, and moving to substack.

    It is a truly fascinating story about a Founder - of a site - who ended up being censored in his own shop.  And those of us who read The Intercept over the years and appreciated his work had no idea.  The only way he could tell us was when he quit.

    I get the sense that censorship these days is off the charts.  And that, sometimes, there is an invisible structure to things that isn't apparent until, all of a sudden, it is.

    https://greenwald.substack.com/p/my-resignation-from-the-intercept

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  • Fri, Feb 12, 2021 - 8:51am

    aimee

    aimee

    Status: Member

    Joined: Feb 12 2021

    Posts: 3

    5

    aimee said:

    Thank you for letting us all know! Much appreciated.
    Wishing more than all of the best to Chris and his family❤️

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  • Fri, Feb 12, 2021 - 11:55am

    ao

    ao

    Status: Platinum Member

    Joined: Feb 04 2009

    Posts: 1590

    12

    Chris, we'll keep your daughter, you, and your family in our prayers

    These can be challenging and scary times for you all but I'm sure, guided by your truth finding skills, intellect, and solid judgement, she is getting the best treatment.

    I will say, from my personal experience, the majority of oncologists will tend to ignore, downplay, or give token lip service to nutrition in achieving a durable complete remission.  In my research, however. I have found the exact opposite to be true.  Also, optimizing one's nutrition is very beneficial in reducing or minimizing any of the potential side effects of chemo.  

    As you no doubt know, cancer is an exceedingly complex subject and overcoming it takes a multi-faceted approach addressing a whole host of physical, psychological, and spiritual issues but from the physical perspective, nutrition is vitally important.

    Here's one article I found just today.

    The Animal Protein Cancer Connection

    Patrick Quillin has written some of the best books on the subject such as Beating Cancer With Nutrition.  For an even broader holistic perspective, Unravel The Mystery by Ann Malkmus is one of the best.

    Although my focus has been on a different type of cancer, there are certain generalized principles that apply to almost all cancers.  If I can be of any help at all, please do not hesitate to contact me. 

    I said this here before but I'm going to do it again and give a shout out to Olive Oil Guy in particular.  His willingness to reach out to me and provide information and hope was life saving and I am extremely grateful to him.  I've been fortunate to have a tremendous amount of support from family, friends, and aquaintances and even people I've never met in person before and just one person can make all the difference in the world with saying the right thing, giving sound information, and/or providing that spark of hope that means so much under these circumstances.

    Also, a shout out to Mpup and his prayer group.  Keep the prayers coming.  You and I know that they trump everything.   

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  • Fri, Feb 12, 2021 - 4:33pm

    Mysterymet

    Mysterymet

    Status: Silver Member

    Joined: May 23 2020

    Posts: 353

    3

    Chris’s daughter

    Chris,

    let us know if she needs bone marrow. I bet a bunch of us would go get tested.

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  • Fri, Feb 12, 2021 - 5:06pm

    #61
    Dan The Man

    Dan The Man

    Status: Member

    Joined: Dec 16 2020

    Posts: 10

    3

    Dan The Man said:

    Thoughts and Prayers are with you and your family, Chris.

     

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  • Sat, Feb 13, 2021 - 1:12am

    AndrewOregon

    AndrewOregon

    Status: Bronze Member

    Joined: Mar 13 2020

    Posts: 113

    4

    My best wishes for your daughter Chris

    I am sending my good wishes and support from Oregon for this challenging time for you and your family Chris. I am supposing this is difficult and scary. I am so sorry.

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  • Sat, Feb 13, 2021 - 4:42am

    #63
    Transcend

    Transcend

    Status: Member

    Joined: Jan 28 2012

    Posts: 53

    10

    Thoughts are with Erica, Chris & Family

    Dear Chris,

    It was either Erica’s struggles or important work being done with the FLCCC and their mission, perhaps both. I was hoping your daughter was feeling better and on her way to a speedy recovery. Cancer manages to turn life into an extreme rollercoaster ride, an amplification of what we’re used to. Trying to manage your homestead, your work, the fight against covid/gov bodies, and your daughter’s condition can be overwhelming to say the least. You take on a tremendous amount of responsibility and now you’re given the ultimate. Erica is by far the priority. In case you don’t already know and I’ll speak on behalf of the community here - we will be here for you when you’re ready. Put us on the back burner and don’t give us any of your energy right now, we’ll manage while you’re gone. There is no advice I can give to someone like you because your abilities are so strong that I know you’ll stay balanced and do what you do best, which is research and find the right solutions for you and your family.

    I wish there was something I could do and I know there is only one thing you want right now. I’m thinking of you, your family, and especially Erica during these difficult times.

    With Love.
    A

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  • Sat, Feb 13, 2021 - 6:08am

    #64

    JAG

    Status: Platinum Member

    Joined: Oct 26 2008

    Posts: 818

    4

    Doc

    We have never met Dr. M but over the decade you have been a friend. Thank you. Wishing the best for your family and a speedy recovery for your daughter.

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  • Sat, Feb 13, 2021 - 8:53am

    #65
    Mpup

    Mpup

    Status: Silver Member

    Joined: Mar 01 2020

    Posts: 289

    3

    Prayers for Erica and Family

    We will be in prayer for Erica, Chris and family.  May God grant you and your family the peace that passes all understanding.  Miracles can and do occur, it is evidenced simply by looking in the mirror.  Each day, each breath, is a gift that should not be overlooked.  Paul's letter to the Philippians 4: 4-9    Roman's chapter 8

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  • Sat, Feb 13, 2021 - 10:09am

    #66
    dreinmund

    dreinmund

    Status: Silver Member

    Joined: Mar 19 2011

    Posts: 273

    1

    dreinmund said:

    Chris, sorry to hear about your daughter’s illness.

    I’m keeping you and your family in my thoughts and prayers.

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  • Sat, Feb 13, 2021 - 7:30pm

    #67

    travissidelinger

    Status: Bronze Member

    Joined: Nov 17 2010

    Posts: 287

    1

    Best wishes here too

    Chris,  Best wishes for Erica.  Your family is in our thoughts.

    -Travis and Kate

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  • Sun, Feb 14, 2021 - 3:08am

    #68
    Hladini

    Hladini

    Status: Bronze Member

    Joined: Dec 28 2011

    Posts: 342

    1

    Children Defense Fund

    This is off topic, but wanted to put the link out there:

    The Covid Vaccine On Trial: If You Only Knew…

    The webinar is a fairly deep dive into the pandemic data (with more to come), and some of the data is startling.   The focus is on the new covid vaccines and how these injections work.  For instance the mRNA is a synthetic mRNA, genetically altered and under US patent, and there are 65 mRNA vaccines in the pipeline - probably all under some patent application no doubt.

    If you need vaccine talking points, this is a good resource.  It's a long webinar but goes by quickly because the presenters are so experts.  In fact a lot like Chris.

    Wishing everyone well, especially Chris and his family.

    Hare Krsna!

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