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Peak Prosperity

Ownership Illusions in Modern Finance

Peak Prosperity

Chris Martenson

Investing, Business, Government

4.7591 Ratings

🗓️ 11 November 2023

⏱️ 56 minutes

🧾️ Download transcript

Summary

Ever wondered if the shares you own are truly yours? Explore the surprising truths and hidden complexities of asset ownership that could redefine your investment strategy, and find out what an investment professional thinks of the situation.

Transcript

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0:00.0

Well, hello, everyone.

0:03.0

I am Chris Martinson here, obviously, of peak prosperity and financial university here

0:07.6

with Paul Kiker of Kiker Wealth Management again.

0:09.9

Hey, Paul, welcome back from Mexico, where you were doing some Pacific ocean fishing, I guess,

0:15.9

huh?

0:16.2

Baja area.

0:17.7

It's nice to be back, Chris.

0:19.3

Good to see you again.

0:20.3

So the Baja area and I caught a rooster fish, not on the fly, but we did catch a lot of

0:27.0

Dorado Mahi Mahi on the fly.

0:29.4

So that was my first experience and something that I thoroughly enjoyed.

0:33.5

Fly fish and I have to do that someday.

0:35.0

I love, I love doing that.

0:37.3

So, hey hey things happened since

0:39.8

you you were gone that week it was it was a busy week it was a week where a week where decades

0:45.8

happened and and one of the one of the big things that sort of landed in our community at peak

0:51.1

prosperity was going through at least part of the book The Great Taking.

0:55.8

All I really went through on that part was the part about understanding that an owner,

1:00.4

an owner of a share, like let's say I happen to have, I can't mention any names,

1:06.2

let's say I have an energy company and it's in my TD Ameritrade account, which actually means

1:10.6

a Swiss

1:10.8

Schwab. And there it is. There it is, Paul. I can show you how many shares I have of any given

...

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