Episode
#443 - Tom Nash - The Financial Impact Of Russia's Invasion
1:32:43
Published: Sat Mar 05 2022
Description
Tom Nash is a financial analyst, investor and a YouTuber. The stock market has had a wild couple of years. Rounding that off with a full scale Russian invasion makes understanding the current global financial situation and how to not end up on the receiving end of some market and currency movements even more complex. Thankfully Tom is Russian and he's here to help. Expect to learn why Russia's economy has started struggling so quickly. just how big of a deal being taken off SWIFT is, what it's like to hear Vladimir Putin speak if you can understand Russian, Tom's advice on how not to invest your money over the coming months, whether crypto is the answer, what's happening with real estate and much more... Sponsors: Join the Modern Wisdom Community to connect with me & other listeners - https://modernwisdom.locals.com/ Get 10% discount on everything from BioOptimizers at https://magbreakthrough.com/modernwisdom (use code MW10) Get a free v60 brewing kit and 40 filters from Pact Coffee at https://www.pactcoffee.com/ (use code: MODERNWISDOM) Get 20% discount on the highest quality CBD Products from Pure Sport at https://bit.ly/cbdwisdom (use code: MW20) Extra Stuff: Subscribe to Tom on YouTube - https://www.youtube.com/c/TomNashTV Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/ To support me on Patreon (thank you): https://www.patreon.com/modernwisdom - Get in touch. Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/modernwisdompodcast Email: https://chriswillx.com/contact/
Chapters
Tom Merritt shares his advice on how to protect your finances during uncertain times such as a global financial crisis and war, including avoiding certain investments and considering cryptocurrencies.
00:00 - 01:38 (01:38)
Summary
Tom Merritt shares his advice on how to protect your finances during uncertain times such as a global financial crisis and war, including avoiding certain investments and considering cryptocurrencies.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
Promotions for Pure Sports CBD and Magnesium Breakthrough by BioOptimizers, as well as Packed Coffee
In this transcript, two different products are promoted: Pure Sports CBD, which can help with anxiety and pain management, and BioOptimizers' Magnesium Breakthrough which can help with sleep and stress management.
01:38 - 08:07 (06:29)
Summary
In this transcript, two different products are promoted: Pure Sports CBD, which can help with anxiety and pain management, and BioOptimizers' Magnesium Breakthrough which can help with sleep and stress management. Additionally, Packed Coffee is offering a free brewing kit and filters with an order of a new packed plan.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
Amid the panic mode in the currency market, citizens are being urged to exchange their foreign currency for rubles, as the central banks desperately needs to take it from them.
08:07 - 12:30 (04:22)
Summary
Amid the panic mode in the currency market, citizens are being urged to exchange their foreign currency for rubles, as the central banks desperately needs to take it from them.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
Germany tends to appease while the US imposes sanctions on Russia; additionally, Germany's dependence on Russian oil indirectly affects the prices of goods produced with that oil.
12:30 - 17:02 (04:31)
Summary
Germany tends to appease while the US imposes sanctions on Russia; additionally, Germany's dependence on Russian oil indirectly affects the prices of goods produced with that oil.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
In this episode, the conversation revolves around Germany's position in the Russia-Ukraine conflict, and how it has changed over time.
17:02 - 21:21 (04:19)
Summary
In this episode, the conversation revolves around Germany's position in the Russia-Ukraine conflict, and how it has changed over time. The lack of opposition to Putin's actions in Russia has created an echo chamber where opposing opinions are not heard.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
Sanctions can prevent countries from using the SWIFT system and engaging in international trade, severely limiting the impact of their money.
21:21 - 26:33 (05:11)
Summary
Sanctions can prevent countries from using the SWIFT system and engaging in international trade, severely limiting the impact of their money. The only function the money has is in trading with other countries who are still willing to engage with them.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
The speaker talks about the tough nature of Ukrainians and how guerrilla warfare and arming citizens can lead to innocent people being hurt or held hostage.
26:33 - 31:46 (05:13)
Summary
The speaker talks about the tough nature of Ukrainians and how guerrilla warfare and arming citizens can lead to innocent people being hurt or held hostage.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
In this episode, the speaker discusses the insulting remarks made about historical figures and their context in history, including the struggles and experiences that shaped their lives.
31:46 - 37:48 (06:02)
Summary
In this episode, the speaker discusses the insulting remarks made about historical figures and their context in history, including the struggles and experiences that shaped their lives. The insults mentioned range from the French Revolution to Russian KGB agents and their motivations for wanting to bring back a strong USSR.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
The recent events in the US stock market and Canadian government regulation showcase the need for cryptocurrency as a means of financial security and freedom for law-abiding citizens caught in political conflicts.
37:48 - 43:23 (05:34)
Summary
The recent events in the US stock market and Canadian government regulation showcase the need for cryptocurrency as a means of financial security and freedom for law-abiding citizens caught in political conflicts.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
Despite worldwide crises and market fluctuations, the S&P 500 has consistently increased over the long term due to impatience and fear-based investments by most people.
43:23 - 47:18 (03:54)
Summary
Despite worldwide crises and market fluctuations, the S&P 500 has consistently increased over the long term due to impatience and fear-based investments by most people. It is unlikely that the government will ever mandate which countries investors should allocate their funds to.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
Real estate has been overperforming the market as it is considered the best safe harbor asset.
47:18 - 51:34 (04:15)
Summary
Real estate has been overperforming the market as it is considered the best safe harbor asset. Its prices have been steadily increasing due to its reliability and stability.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
The US national debt is dependent on interest rates, which presents a major concern, however the Federal Reserve has decided not to raise interest rates.
51:34 - 55:47 (04:12)
Summary
The US national debt is dependent on interest rates, which presents a major concern, however the Federal Reserve has decided not to raise interest rates. The lack of employees and a demand for containers due to the pandemic has exaggerated the problem.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
A person expresses their concern about being a good parent and not letting their child feel neglected, after a minor incident made them feel guilty for being occupied.
55:47 - 58:02 (02:15)
Summary
A person expresses their concern about being a good parent and not letting their child feel neglected, after a minor incident made them feel guilty for being occupied.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
This podcast episode covers parenting struggles and philosophical questions such as how dogs view anger and the possibility of God being black.
58:02 - 1:00:59 (02:57)
Summary
This podcast episode covers parenting struggles and philosophical questions such as how dogs view anger and the possibility of God being black.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
This podcast discusses the intense emotions that come with creating something new, like a musical instrument or a work of art, and the feeling of ownership and responsibility that comes with it.
1:00:59 - 1:04:25 (03:25)
Summary
This podcast discusses the intense emotions that come with creating something new, like a musical instrument or a work of art, and the feeling of ownership and responsibility that comes with it.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
This podcast episode discusses how the act of spending money can move one's financial goals further away instead of closer to being achieved.
1:04:25 - 1:07:24 (02:59)
Summary
This podcast episode discusses how the act of spending money can move one's financial goals further away instead of closer to being achieved. Morgan Housel's belief that money equals freedom is also discussed.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
Tom expresses his enjoyment in ranting about things online without any accountability or responsibility, and mentions a conversation he had with Kevin about not selling a course.
1:07:24 - 1:10:47 (03:23)
Summary
Tom expresses his enjoyment in ranting about things online without any accountability or responsibility, and mentions a conversation he had with Kevin about not selling a course.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
In this segment, the importance of being responsible when investing is discussed, and the fact that you should only invest money that you can afford to lose.
1:10:47 - 1:14:42 (03:54)
Summary
In this segment, the importance of being responsible when investing is discussed, and the fact that you should only invest money that you can afford to lose.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
The speaker talks about their admiration for "Wendover Productions" and their love for the host's detailed breakdowns of historical and mechanical topics, from warships to failed transportation innovations to Eastern European relics.
1:14:42 - 1:19:33 (04:51)
Summary
The speaker talks about their admiration for "Wendover Productions" and their love for the host's detailed breakdowns of historical and mechanical topics, from warships to failed transportation innovations to Eastern European relics.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
In this episode, the guest speaker discusses the concept of creating silicon-based life forms and their potential thought cycles lasting for millions of years.
1:19:33 - 1:22:25 (02:51)
Summary
In this episode, the guest speaker discusses the concept of creating silicon-based life forms and their potential thought cycles lasting for millions of years. They also praise YouTube's algorithm for creating a personalized feed with well-engineered soundscapes and stunning visuals.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
The recent conflicts between the United States and Iran has reminded the younger generation that war is still a possibility, causing stress and anxiety for many who haven't experienced conflict before.
1:22:25 - 1:31:02 (08:37)
Summary
The recent conflicts between the United States and Iran has reminded the younger generation that war is still a possibility, causing stress and anxiety for many who haven't experienced conflict before. Additionally, lacking trustworthy news sources and politicians has also caused a loss of confidence in information and the government.
Episode#443 - Tom Nash - The Financial Impact Of Russia's Invasion
PodcastModern Wisdom
No summary provided, contains advertisement for two products.
1:31:02 - 1:32:40 (01:38)
Summary
No summary provided, contains advertisement for two products.