THE TRUTH ABOUT YOUR FUTURE with Ric Edelman

Coming up on the show today: What is the merge in crypto, a look at the impact of the world's energy crisis, your favorite automaker is now making NFTs, the mainstreaming of crypto, a new low cost MRI - it's a game changer - plus, our health and wellness segment with my wife, Jean Edelman.It is The Truth About Your Future, and one of the biggest truths we're all dealing with these days is the cost of electricity. This is a global crisis, particularly in Europe, where the cost of electricity is up 10X from a year ago. No, not 10% - 10X - which means what used to cost $10 is now $100. People who used to be spending $100 a month on their energy bill are now paying $1,000. The European Commission is trying to solve this dilemma. Energy prices are based on oil and natural gas prices, and we don't have enough oil or natural gas flowing into Europe, and it's all because of the war. The Russian government has shut down the oil pipeline there, strictly reducing the amount of natural gas that they're allowing to flow into Europe. And what they are providing, they're selling for too high a price. The CEO of Shell says Europe is going to have to ration energy for years to come. This is a huge issue, way more expensive than the decade long average in line with a 14 fold increase in the cost of gasoline.And the irony of all this - the horrifying part - is that Moscow is now making more money from oil than it did before the war. Russia's pumping almost as much oil as before and selling it for higher prices. Who are the buyers? Pakistan, India, and China predominantly. Russia has earned $20 billion a month this year selling its oil versus $15 billion before the war started. And they've got new markets: the Middle East, Saudi Arabia, United Arab Emirates, the UAE, and Egypt. They're all buying in addition to India, Pakistan, China, and Turkey. India, in fact, is now Russia's biggest customer. Russian exporters are often labeling their oil as coming from Iran or Venezuela to fool buyers who really don't want to support Russian oil exports. It's becoming a really big problem, and it's contributed to the fact that the Euro has fallen 15% in the past year. It fell to a 20 year low in August, and now investors are saying it's going to fall in value even more. Most contracts in the options market are against the Euro than at any time since the start of the pandemic back in March of 2020. In other words, most investors are betting that the Euro is going to fall even further than where it is now. And this is all because of the energy problem, which is sharply contributing to the inflation problem in Europe - the Euro inflation is running at 9%. So what are the countries around the world trying to do about it?Guess who has launched an NFT collection? The car company Kia. They've launched 10,100 NFTs, and they're not the only car company to have done that. Lamborghini, Mercedes, Chevrolet, Hyundai, Porsche, Bentley - all of them have launched NFTs. At Alfa Romeo, if you buy a car, you get an NFT. It records the vehicle's data and serves as proof that you've maintained the car properly, which improves its value.I mentioned on a previous program that one of the most popular investment products out in the marketplace today are annuities. They've hit a new record - $74 billion have been invested in these things in just the last three months. Why are so many people throwing so much money at annuities? Well, it's pretty obvious, isn't it? Annuities offer a guaranteed return. Compare that to the stock market, which not only isn't guaranteed, has been losing double digits this year. Bonds are down double digits this year. Crypto is down double digits this year. Real estate is beginning to fall in value. So increasingly, investors want a safe guaranteed return and they're turning to annuities to get them. Ask Ric a Question on the Show

Coming up on the show today, what's happening in the real estate market, a conversation with Anthony Pompliano, the Latest on cybersecurity and investing in ESG with Pedro Palandrani. Plus Jeans Word of the week.The Pomp PodcastPedro PanadraniAsk Ric a Question on the Show

On today’s show: Single stock ETFs, new scams you need to be aware of, a conversation on what kind of life insurance you need with Todd Hillstead, executive director of financial planning at Edelman Financial Engines, and this week's health and wellness segment by my wife, Jean Edelman. I also interview Jenny Johnson, President and CEO of Franklin Templeton, on the company’s focus on innovation and digital assets.Ask Ric a question on his show.

On this week's show: A look at today's markets, the latest on CBDCs in the U.S. and around the world, ways you can invest in innovation, understanding the term duration and why you need to care about it, and Jean's word of the week. Also, I'll discuss the question, Is college really worth it? You've seen the letters QQQ in ads -- I'll talk to Ryan McCormack from Invesco -- their flagship ETF is Invesco QQQ. Let's get started with where we all are and the turmoil you've been experiencing personally and observing in the economy. There's one segment that is doing incredibly well -- very, very strong -- the U.S. dollar. When we compare the value of the U.S. dollar to other currencies around the world, we discover that our dollar is going up in value and other countries' currencies are going down in value. Well, is that a big deal? Isn't that good news? Well, not necessarily. Johnson & Johnson just reported that its profits are going down because the dollar is going up. The company says it generates half of its sales outside the U.S., so think about this: if you live in Europe, and you want to buy a product from J&J, you have to use your Euro to buy something that is manufactured in dollars. So the lower your Euro, the more of them you have to spend. In other words, you've got a big price increase for Johnson & Johnson products, even without inflation. J&J says that the strong dollar is costing the company $4 billion in sales. Microsoft and IBM are saying the same thing. A dollar, so far this year, is up 12%, so a strong dollar is actually bad news for American businesses trying to sell overseas.Ask Ric a question on his show.Visit The Truth About Your Future with Ric Edelman.

Coming up on the show today: Are we in a recession? Along with crypto regulation, the latest on Alzheimer's research, paying your bills on time, crypto mining is helping the energy grid, the future of college degrees, electronic skin and this week's health & wellness segment with Jean Edelman.Ask Ric a question on his show.

On today’s show: My reaction to President Biden’s plan to forgive student loans, the latest on the markets, understanding the Covered Call strategy, can you spot a deep fake, and this week's health and wellness segment by my wife, Jean Edelman.Ask Ric a question on his show.

On today's show: How universities are saving money at the expense of students, the latest on municipal bonds, the college dropout rate, NFTs and the metaverse, the growth of CBDCs, and this week's health and wellness segment by my wife, Jean. You know, I'm a big critic of college and the college cost, and the challenge of getting our students the education they need at a price that they can afford. Now we've got new data from the Chronicle of Higher Education: a third of college students are thinking of dropping out. Faculty say a third of their students are absent from class or not participating when they're there. 76% of students say they're suffering emotional stress. That's the reason they're talking about dropping out of school. The rest say the coursework is simply too difficult. If you've got a student in college, you need to talk to them about their attitude about college. Are they thinking of dropping out? That could be $50,000 down the drain for you if they've done so. Universities, meanwhile, are trying to save money, lowering the cost of attending college; hundreds of schools, including Vanderbilt, Berkeley, and USC, they're now hiring companies to create and teach classes without the students knowing that they've been outsourced. These online education companies use .edu email addresses of the universities to recruit students into their courses. They also get phone numbers with university area codes. Are you sure that the tuition dollars you're paying are resulting in your student getting taught on campus by an actual member of the university faculty? Or are you being bamboozled? You need to talk with that university and that college to make sure you really understand who's teaching what to your child.Ask Ric a question on his show

On this week’s show: Did your stimulus check really help? Prices and inflation, a conversation with Matt Hogan, CIO of Bitwise Asset Management, on the latest in the crypto market, how to deal with end-of-life decisions, a 13-question Social Security quiz, and this week's health and wellness segment by my wife, Jean Edelman.Ask Ric a question on his show.

On today's show, how Roe v Wade is going to impact more than just unborn babies. A new Bitcoin lawsuit against the SEC, the growth of CBDCs, the coming digital dollar and this week's health and wellness segment by my wife, Jean Edelman.

Welcome to the program. What's going on with crypto, longevity and aging? Tyrone Ross, one of the 40 under 40 most important people to watch in wealth management, track and trace transponders track cheese, listener phone calls. And this week's health and wellness segment by my wife, Jean Edelman