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Let's say an individual comes to you personally asking you to invest to start up a business.

And you look at their spending and they're spending twice what they're taking in.

There's no way I would give them funds to start a business, right? If they can't manage their own resources well, then how

could you invest in to them? But the government seems to get away with it and we're okay because

asset prices are going up for now. The following is the audio version of a video released at

peak prosperity.com. Visit peak prosperity.com to watch the video and to find other insightful content,

such as articles, discussion forums, and exclusive subscriber-only content.

The Fed cuts rates.

It could have been one of the most colossal blunders.

Is it?

We don't know.

We're going to talk about inflation, a little bit on gold,

and we have to talk about these crazy markets a little bit more.

Wow, lots to unpack today.

Historic blunder or not, Paul Kiker of Kiker Wealth Management.

Hey, Paul.

Good to see you. Hi, Chris. Good to see you on a wild day. Wild day. Wild day. Well, I wanted to just, you know, Fed cuts rates. What does it mean to you, you the audience out there? And again, this is Finance You, so we'll explain things as we go along. Nick Tim Rouse, who's the Wall Street Journal sort of like Fed Scribe, has special access,

which means he just writes down what they tell them to say earlier than other people.

That's what it means to be a Fed reporter.

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