The New World Order (Ep 95)
Dive into the evolving global landscape in our latest episode of Make The Dough Rise, where we explore the seismic shifts challenging the post-WWII status quo. This "New World Order" could change how we think and approach personal and macro-finance conversations for decades to come. From the end of America's role as the global maritime protector to the pressing realities of de-globalization and the unprecedented energy shifts, we dissect how these changes are reshaping economies and geopolitics. Tune in as we seek to understand a new era defined by industrial upheaval, energy revolutions, and the critical need for innovation in facing the future's uncertain tides.
Transcript - The following transcript was generated by a robot, so please excuse any typos or inaccuracies.
Brian Doe 00:00
Everybody coming up on today's show, we've got a brief look back on history and we're going to talk about how things are transforming around the world. And four main categories cost of capital, energy, labor, and transportation. And what the New World Order No not a conspiracy type of New World Order, but the New World Order around economics, manufacturing business, and what that means to your portfolio and future going forward. Stay tuned and you will learn more
Walter Storholt 00:35
It's time to Make the Dough Rise the financial podcast with Brian Doe.
It's time to Make the Dough Rise. I'm Walter Storholt. Alongside Brian Doe CERTIFIED FINANCIAL PLANNER at Livingworth Wealth Advisors serve you in the lake country and beyond based out of Greensboro, Georgia, but you can listen to us from anywhere on your favorite podcasting apps. Great to have you back with us for another episode. And Brian, I'm looking forward to our chat today. And I hope life has been treating you well. These last couple of weeks, my friend.
Brian Doe 01:05
Yeah, no, I think we've got a good topic today. And life has been treating me very well. I was able to take the girls up to North Carolina did a little ski trip over winter break. So that was nice. No little adventure,
Walter Storholt 01:17
No broken legs or trees run into or anything like that.
Brian Doe 01:20
No broken legs. We had two boyfriends that went along with us. So I actually had five Wow, ski students. My girls had skied once the boys had not skied ever. So I had to get out there and get everybody geared up and teach them how to ski and all this kind of stuff. And my daughter Hannah had, in her attempt to help had asked somebody hey, which which one of these lifts is for the bunny hill guide, sort of pointed in the general direction. And there were actually two lifts there. And so she assumed he was pointing at one and he was actually pointing at the other. So I believed her and we all hopped on the lift that she said to get on. And that's the one that took you to the black diamonds and the blue. Intermediate hills, right. So I had five people up there that didn't know how to ski. And we literally had like, fall down the hill to get back to the segment of the bunnies.
Walter Storholt 02:09
Good at scooted on down.
Brian Doe 02:11
Yeah, yeah.
Walter Storholt 02:13
Which Which mountain slow sorry,
Brian Doe 02:15
Beach mountain and sugar. Yeah, beach and sugar, right. In fact, Sugar was probably my favorite. I think the conditions there were a lot better and a lot better runs. And it was a little warm. So the ski the snow was a little bit slushy at times. But we had a really big snowstorm the third day and my girls had never experienced that. Obviously, growing up in Minnesota had experienced a lot of those but it was fun for them to see the big snowflakes and have it piling up on us as we rode up lift. And that was that was new for them.
Walter Storholt 02:45
No doubt about it. That is great. I I got decent at snowboarding last season. But I got a little too confident the end was like I'm gonna start doing some some of these moguls, let's see what these are all about. And oh my gosh, it took me like half an hour to get off of that get off of that run. And I was like, I felt like I'd been through a washing machine at that point that was very brutal. So I know that feeling of getting trapped up at the top of of a run that you're not so sure you're gonna make it down from so
Brian Doe 03:10
We had a few terrified white knuckle moments. But we got everybody going. We had had a good time. Everybody really enjoyed it.
Walter Storholt 03:16
So much fun. Well, glad to hear that the trip went well. And yeah, it's always fun. You come back with great stories from those kinds of trips. Well, you teased us very nicely to start off the show today, Brian with what's on the docket today. Seems like you're getting lots of comments and questions and pondering from people about a recession. This has been something that's been certainly popping up in and out of the news over the last couple of years at this point, and sometimes more heavily than others. And and you're kind of like, alright, this is going to change how we focus and where we shift our attention a little bit. If the recession happened, obviously, that would have been something that would have been, you know, really changing drastically, I think our financial outlook. And now that it seems that maybe the recession kind of has not come to fruition and we're heading in a new different direction, maybe breaking out of those doldrums, it's time to start thinking about things a little bit differently. So I like how you set the stage for all of that, and interesting to see where you want to where you want to take things today.
Brian Doe 04:11
Yeah, everybody's been talking about recession for a couple of years, you know, two or three years now we had a mini one during COVID. We had technically we had the two quarters of contraction. A couple years ago, they didn't quite want to call it a recession for political reasons. And because the unemployment numbers didn't match up with what they wanted to make the definition of a recession. So what we're seeing internationally, and this is going to tie into what we're going to talk about later. So what we're seeing internationally is recessions in a lot of countries, you know, most of the European countries, Japan, China, they're all having issues and contracting economies and things like that. There's a good very good reason why that is and also why that's not what I see happening in the US. And I will share with you real briefly the Capital Group put out a really nice piece that outlined what happened in the US. And they're arguing that we basically had a rolling recession or several sub sector, mini recessions over the last couple years, that if you concentrated all of them into one time period, it would have been a more major recession. But you had a COVID induced travel recession that timed differently from a manufacturing recession, oil had a bit of a roller coaster ride, chemicals, housing, semiconductors, and banking, like we saw with the collapse of Silicon Valley Bank and first republic and some of those and maybe even some of those issues flaring up again, right now, all of those things put together happened at different cycles. And so we've had a bit of a stagnation in each of these sectors. But they didn't overlap. They didn't all occur at the same time. And now we're starting to see a big manufacturing resurgence, we've got strong economy unemployment remaining low. So I think it's entirely possible we may move right past this, I made a joke several years ago in front of a group of financial planners, certified financial planners, about what we were gonna have this perfect soft landing, and the market was going to do great. And everybody laughed and chuckled like it was a huge joke. But it's kind of looking like that, that may well be the case. And I'm not advocating for major portfolio changes based on a short term recession, never have never will. But I don't think that's the way to go. But I have been pulling away from international markets for again, all the reasons that we're about to talk about,
Walter Storholt 06:48
okay, very good. I like this idea that this shift in focus needs to happen. And it's interesting that you're noticing it not just in, you know, hey, this is one little area that we need to kind of focus on these changes, but you're seeing kind of some, some bigger sea changes in lots of different sectors. So
Brian Doe 07:04
I talked about the New World Order, we I think we titled the podcast, the New World Order. And everybody likes to go back and play that clip of George Bush to talking about the New World Order is some big conspiracy theory or something like that. But what George Bush Senior actually meant by that was, we were in a global arrangement, post World War Two. And a lot of this goes back to the commentary and predictions of Peters I hand that I have talked about multiple times on previous podcast. So I'll just do a quick recap. And basically, it was after World War Two, most global economies were decimated, the United States was the one, you know, industrial power that was still intact from an infrastructure standpoint. And we had one objective, and that was getting everyone to side with us against the Soviet Union, we still saw the Soviet Union as a major threat. And so we went to all the European countries, ultimately, China in the 70s, when when Nixon went there, the deal was signed with us against Russia. And we will open up our markets for you. We don't want to come occupy or take over we we help win the war, we were actually in a position if we were these great colonists, we could have taken over so many countries. But we didn't want to do that we were still putting out a electrical grid in western Kansas. I mean, we had plenty of opportunity here in the US, we did not need to try and take over all these other countries. So what we said is we will police the global oceans and make transportation and global commerce possible. As long as everybody quits warring with each other, and sides with us against Russia, should that become an issue. And that lasted as the basic reigning world order that we talked about the Bretton Woods accords. And that's where that all came from. Well, newsflash, the Soviet Union collapsed back in 1991. Walter, Were you familiar with that?
Walter Storholt 09:14
I was I was still a young lad at that time. Yeah.
Brian Doe 09:17
And I was graduating college. And that was the big thing. But that order, if you look at NATO, and the globalization of trade and the ability to outsource jobs and access resources from all different countries, global maritime transportation is what's made that possible. Well, what we have seen since George Bush made that proclamation about creating a new world order, and arguably he was the best educated, equipped and had the understanding of how to reshape this global order. And instead of re electing him, we voted Bill Clinton in because he was a good looking guy that could play The saxophone. And ever since then we've had more and more, I guess you would call it US centric, less global centric administrations, and so much of you even what we're seeing with Trump and make America great again, that's all resonating with people. Because we've we have depleted manufacturing jobs in this country, we have outsourced a lot of things, there's been a lot of good that's come from it. But there's been a lot of people that are also suffering under that, that we're not seeing a lot of political leadership on this. And you've seen this play out in interesting ways with like, Trump, if you if you go back and play the tapes of him talking to NATO members about paying their share of of NATO and the US pays this amount, and everybody needs to pay more to what I think these foreign countries are looking at us, like, I'm pretty sure you don't understand the arrangement, the arrangement was as you y'all go, we're going to cover that, mostly. And we were going to side with you against Russia. And that that has changed dramatically as far as sentiment, the US understanding of this. And the fact that the Soviet Union collapsed back in 91. Is that still the threat that it used to be, but this global commerce system that was set up has remained intact, and it's starting to come apart. And we will talk about that when we get to the the subcategories here. But that's, that's basically the big shift is everything's coming back to the US this hemisphere, US, Mexico, Canada. And it will be a very interesting, somewhat tumultuous forecast for the rest of the world. In the years ahead. We're
Walter Storholt 11:50
always afraid of change, and we're in a boy really feels like a season of constant and dramatic change both on this global and domestic scale. And that's not even talking about just the political side of things. I mean, things just move so quickly today, with technology advancements, and always just new products, new investments to look into. So yeah, you got to kind of keep your head on a swivel. And I feel like that that change causes a lot of fear in people and can make it just really hard to make decisions in this kind of environment. So I'm glad that we're gonna get to zero in on some of these subcategories, if you will. And you mentioned them, cost of capital, energy, labor and transportation of what we're going to break down one by one here. You want to dive into these, Brian, what's the first one you want to go after?
Brian Doe 12:35
Yeah, well, first, I think you make a very good point, the the speed of communication has been amplified with the internet technology. We're so quickly jumping from Ukraine to what's happening to Israel, that what's happening is just boom, boom, boom, there's one issue after the other. And I don't think people really back up and look at how these things are, are all connected and what the impact of that is. So yeah, we'll dive into that. And I'll start with cost of capital, we enjoyed a period of near zero cost of borrowing for a better part of the last decade. Now that has ended and we've seen inflation spike, and maybe it was due to COVID. Maybe it was due to fed monetary policy, whatever it is, but Peter Zion would argue that is a demographic phenomenon, as well. And I don't think it's a one of these, I think it's actually a combination of them. But you have the boomers are retiring, about half the boomers have retired. And that represented the largest demographic group and the largest personal savings, where they'd have their capital, invested in the markets. And there was an abundance of cheap capital, looking for opportunities that fueled the tech boom, that fueled some of the energy exploration that happened in the US. Well, half of the boomers have retired. And a lot of people that don't have excess capital in that situation get more conservative. So they take their money out of markets out of more speculative investments, and hey, now you can get a good yield and money market. So maybe I'm gonna move some money over to this safe treasuries and high quality bonds and money market to fuel my retirement. And we've got another seven to 10 years to go before the rest of the boomers retire. But that trend is happening is underway and is going to continue. And we won't see that capital build up recur until the millennials reach their 50s and 60s, much like the boomers that there's actually a demographic dip with Gen X. And so we're gonna see a shortage of cheap, cheap capital. And that is at a time when we are aggressively trying to rebuild the industrial plant and infrastructure. In this hemisphere. We've seen a dramatic increase in spending domestically and and much like the time after World War Two, when we went from they call it from guns to butter. And we were all geared up for military production, wartime production, and then all the soldiers came home, we had lots of babies, we had the baby, boom, get started, we had to rebuild here in the US. And so we experienced inflation for about four or five years after World War Two, due to that shift that is not unlike the shift that's happening today, here in the US. So so cost of capital is going to be a big one, if you if you can't borrow cheap, you're gonna have to find other sources, or there's going to be less capital for new and speculative investments. Yeah,
Walter Storholt 15:44
we've seen that just on the small scale with people not being able to kind of buy the house that they want. And then from the mortgage perspective, just because money is not cheap anymore. And people when you get used to that it's a little hard to get off of that train, you know, that's gonna probably have some lag time for people to get used to that on an individual basis, Brian, and I would imagine it's the same thing at the larger scales, with corporations and governments and that kind of thing, too. Yeah, they're
Brian Doe 16:08
talking about interest rates being at 2025 year highs, and I'm like, Oh, these were the rates, these rates are actually lower than what I my first home was financed. That's right.
Walter Storholt 16:18
It's not the end of the world. But hard, it's still hard to get used to. Exactly, at least for the younger generations, perhaps. Okay, so cost the capital, that's one of the major issues and see changes, that was easy enough to track, what else would you want to tackle next?
Brian Doe 16:32
Well, energy is the big one, obviously, the cost of energy inputs that fuels everything, no pun intended there. But it was good. Like, if it's a if your cost of energy, or if we have, I think what's going to happen is the green dream is about to hit a wall of reality, with the the fact that some of those don't, those technologies don't scale up, or they don't work geographically where you need them to, or you have to go dig up half the other planet to get the minerals and, and metals that are needed to make wind and solar, and those things are a true reality. And we are actually sitting on and have a reserve of oil and gas in this country. Due to the shale revolution. And fracking, we've heard about some so much about that over the last 1015 years, we've actually got the capability to be energy independent in this country, and have it at a fraction of the price of what it's going to cost. Other countries around, especially China, China has a big issue with getting oil to like to them geographically, because most of it has to go travel so far by sea, we've got it right under our feet here. And so you're gonna see major opportunities for low cost energy, if we can get behind building the actual infrastructure that we need. And that's going to be things like pipelines and railroads and, and stuff like that interesting fact or statistic here to make this real or thought it was informative. In 1990 80% of global energy came from fossil fuels. Okay, we've had this big alternative energy push, you know, for the last, what, 2030 years, what percent of current global energy do you think is still coming from fossil fuels?
Walter Storholt 18:31
Only? Because I can see the answer on our on our notes, Brian, but I would definitely not have guessed that it's increased. Wow. It's
Brian Doe 18:39
actually 82%. Today. Yeah. So all all of the initiatives for for clean energy has caused a 2% increase in total energy, global energy output from fossil fuels. So the idea that those are going away, or that they're, we're not going to be able to, or that we're going to make this huge transition, I just don't see it happening. People need to embrace the fact that natural gas burns far cleaner than coal burns cleaner than than oil and, or nuclear and some of the new nuclear technology that we have, if we can't embrace these new technologies, then that's going to impede our transition into into the new world order that I'm talking about. Speaking
Walter Storholt 19:21
of this, New World Order and energy, I feel like we just recently, just this week, there was the big that study that came out that kind of turned some heads about the electric vehicles releasing more toxic emissions than gas powered vehicles. And now the EPA says they're looking into that study the to study the study some more and figure all that out. And it's another day I think, a little bit against just that, that green wall of reality. I think that you've kind of described it as before, and it's hitting it hard right now,
Brian Doe 19:54
instead of needing to dig up a steel and oil They're having to dig up cobalt and lithium and molybdenum, and well, there's other chemicals that I minerals that I can't pronounce, right. It's gonna require you more countries and more mining. And I don't think they've quite factored that into the equation. Yeah,
Walter Storholt 20:17
and even even the cars themselves now apparently are releasing more microplastics into the environment than other things. Just another thing to add to the list. To me, it's just why it makes total sense to let the market figure all of this out and keep a diversity of energy resources, little bit oil, a little bit of natural gas, hey, yeah, we can do the battery thing. Let's try it all a little bit of solar little bit of this. Let's see what really works overtime that's less than less let the test all out over the course of a century, the
Brian Doe 20:44
top two rules of new venture investing, or is it better in Is it cheaper? And if it's betterness, cheaper, it will be adopted? You're not going to have to force it, push it, subsidize it. And we're just not seeing that with the the green stuff yet.
Walter Storholt 20:59
Yeah, definitely an issue there. So energy, big one, that one's definitely not going to change in terms of things that are, are swiftly happening and being in the news all the time. So glad that we are keeping our eyes on that one. So cost of capital energy, we've knocked those two down, you want to talk labor next,
Brian Doe 21:16
yes, Labor's are going to be another big input cost. Obviously, we've got a lot of demographic shifts here in the US, we talked about the baby boom, the Gen X, the millennials, and then the gonna be the I guess, the Echo Boom, and then we're gonna have the echo bust with the Gen Z numbers. So we've got a little bit of a roller coaster, demographically, here in the US, well, we've got all of these baby boomers retiring, and they're retiring with their skill sets. And so we're gonna lose that skill set. And there's an there's gonna be a shortage of workers and employees. And it's gonna take some time to get the next generation skill set and numbers into the workforce. I think one of the big reasons we're seeing this open borders, immigration, you know, push, I don't like how it's being done. But immigration will be what will feel the labor demand and shortage that we could have here in the US. And I think it's been done more for political reasons. But if if we're going to have a manufacturing, return to this hemisphere, we're going to need skilled and semi skilled workers to fuel that. And interestingly, right now, Mexico, has a better skilled and lower cost workforce than China. And this all these things all overlap and intersect. China's having a massive demographic collapse. Germany, Italy, we've talked about several of these. And if they don't have the bodies, their skill set is retiring, the capital is drying up in the labor is going along with it just because we don't have the quantity of people. So if we have a training programs, things to bring skill levels up, companies are going to have to invest in their workers more. And so much of the college education is more abstract type thinking, as opposed to hard skills and trades and things like that. So we're about to see what shapes up and what companies or if we can get, again, any kind of policy behind this, that's going to help fuel the transition. But labor cost and labor inputs are going to be more expensive. Moving ahead. Yeah,
Walter Storholt 23:34
it's interesting to look at that labor demographic. And I feel like you hear all sorts of different viewpoints of I can't, I can't find anybody that wants to work to people wanting to work and can't seem to, you know, ever get an interview. And it's like, how can these two things be so incongruent? It?
Brian Doe 23:49
That is bizarre to me, but and then then the other one is, AI is going to take over all of our jobs, and there's not going to be any work for anybody to do so. I don't know. Yeah,
Walter Storholt 23:58
I've worked a little with AI, it still needs some work. We're still a little ways away from it replacing everybody. I
Brian Doe 24:03
think I was watching an interesting video, I think it's on YouTube, we were talking about YouTube earlier, this part of this electrician, installing, you know, like heavy industrial level, electrical work. I'm sorry, AI is not going to be able to go and run a wire and set up an electrical panel for you. Unless you got some kind of robot that can do that. And maybe that's the answer. But yeah, you're still gonna need people with some skills and stuffs gonna have to get move made, assembled, put together and transported. So yeah,
Walter Storholt 24:35
the dancing robots and the ones that can jump up onto boxes and do some backflips and things like that. I mean, they're getting pretty cool and pretty advanced, but there's still some very fine motor skills, things that I think they're going to have to spend a few more years dialing in. So yeah, well, we'll see what average is when we get there. Yeah, exactly. All right. Transportation are our last big one here.
Brian Doe 24:55
So obviously, transportation by water is the cheapest way to go. And the reason that you the US is such a capital creating machine is because we have these amazing river systems that connect to these oceans on the Pacific and the Atlantic and the Gulf of Mexico. You literally have cities like Chicago, and Minneapolis, and St. Louis, all these very inland capital centers are very near waterways that have access to the oceans. And so the ability to move product at at a massive scale for cheap, is a function of how much water you have access to transport things by. And so that's one of the huge, huge competitive advantages that the United States has. And then if you compare that, well, so if you take that globally, we have so much of the globalization and global commerce has been driven by cheap, global transportation. Well, look what is starting to happen if the US go back to my original premise if the US is pulling back, and not policing the global oceans as much. And if we don't have the economic incentive to do so we don't need to be mucking around as much of the Middle East because we don't need the cheap, reliable energy, we've got it ourselves. Well, look what's happening in the Red Sea, the Houthis are shelling and bombing are targeting ships coming through the Red Sea. And it's disrupting the total global flow of transportation. So now ships and companies are taking their transport all the way around Africa, near the southern tip of Africa, to avoid being attacked and shot down by this. I mean, arguably, relatively small, I don't know if you'd call it a militia or a rebel group or whatever it is. But that these types of things are what Peter Xi'an predicted, if you don't have a force, like the US bringing in the aircraft carrier, shutting them down, much like Reagan did in the Persian Gulf back in the 80s, when there was some uprising or similar type event there, if the US is not going to stamp that down, then it's going to change the literal cost and time to transport because you have to reroute around the old, you know, ancient routes of the 17 1800s. But before you, you had these canals and passages that that dramatically cut the cost and distance of transportation. So you're seeing things like that. And you can even argue that China has a vested interest now in in what's happening there, because they're so dependent on energy getting through the, you know, through those waterways, they even sent a few warships into the Red Sea. I don't know if that made big headlines, but I did see something about that. They weren't super carriers. They weren't the kind of force projection that the US has. But they, they were still sending ships there to help with the transport that they need to get the energy that they need, and to get their products to the west. We're seeing this in Ukraine, obviously, Ukraine has lost transport by water with the Russian invasion. And so all of the Ukrainian agricultural products, they're now being shipped by rail through Poland, and disrupting markets over there and in consuming the rail capacity that Poland had access to for their products. And so you're seeing protests where the Polish farmers are dumping, you know, real cards full of grain from from Ukraine, in protest. So when when these guests do political, or you know, war type, things flare up, it's creating major disruptions to the transportation chains. And without a big force like the US and they're to say, Nope, we're going back to normal, we're going to, you know, we're not going to fight, and everybody is going to have FAIR Act free access to the waterways. Already, we're seeing two big ones, with with the Middle East and in Ukraine. The other one that's interesting to observe and if you want to chalk one up for climate change, or maybe this is a temporary thing, we're seeing the Panama Canal is losing capacity, the big lake that fuels the water that they need to make the Panama Canal work has not been getting the rainfall that they need. And so again, we're having to reroute all the way around South America. So what was the answer to that? What's the solution? It's not cheap. If they're gonna do some kind of permanent fix that you're gonna need to predict the Panama Canal and I don't know what it would be a major undertaking. And yeah, so those are those are some interesting things that are actually playing out a lot of the stuff that piers Zion had predicted. And then you're actually seeing in North Dakota, all the energy that's being produced there, will you, that's one of the states that has the least access to the domestic waterways. And so they're more reliant on railroad transportation. Well, all the agricultural products from North Dakota, were going by rail, but now they're competing with the energy producers, the oil and gas producers for rail access. So all of this transportation infrastructure, getting stuff where it needs to be at the lowest possible cost. Lot of disruptors, there are a lot of factors. And again, all of these are a disfavor or cost more to international companies. And I would say the potential, and the future benefit of this is going to go to domestic companies. Well,
Walter Storholt 30:56
I gotta tell you, Brian, I am is just sort of a lay person, I feel like I might be like a lot of our listeners, so overwhelming, like trying to just wrap your brain around these macro things. I mean, it's just, I mean, your your details there on the transportation conversation are just wild to think about all of those moving parts and the benefits, the negatives and the changes happening to it all, before we even get to the labor energy and cost the capital sections that we talked about earlier. I mean, it's, it's hard to kind of just stay afloat and understand all of this even knit a small amount and and really feel like we know what's going on in this grand scheme. I mean, that's just, I don't know, kind of makes you feel small in both a good and bad way, I suppose. Yeah,
Brian Doe 31:38
it was, it's true, it's very overwhelming. But if I can sum it up for you, the opportunity lies in the companies, the entrepreneurs and the visionaries that can take these obstacles and transform them into the solutions to these actual problems. These are real problems, like these aren't going away, these aren't are going to just magically disappear. And we're going back to 2019, like 2019, pre COVID was probably the, the zenith of what was that the end of that old world order that we'd had since since World War Two. And now we're, we're retooling, we're just to put a number around it. We saw domestic met us manufacturing spending that let's just look at that one number from 2020. It was like $70,000,000,000.20 20. By 2023, that had almost tripled to 209 billion. Well, let's look at what happened with the need to diversify their supply chains, less reliance on China keep keep things in this hemisphere. And we had good political leadership, we had the chips act, and we had the infrastructure bill, I don't know how much of the infrastructure bill is, is being properly spent. But the these numbers are going to result in some improvement to overall infrastructure, rebuilding of the capital, rebuilding of the industrial plant. And if we can get good energy policy, and quit villainizing natural gas and recognize that as a cleaner, better solution, then some of the dirtier sources, coal, specifically that are still very popular around the world. There's great opportunities here. And there are going to be a number of small companies and innovative companies that are going to take advantage of this and and I think you're seeing a lot of the big energy companies are acquiring the the fracking and and shale companies that have made all these discoveries. And so a lot of this is gonna get rolled up and scaled up. So solar solutions are coming. But it's just it's this is not going to happen in a couple of quarters or a couple of years, this is going to happen over years, if not decades. So start thinking about those things in those terms. And all of a sudden, it's not. It's not as ominous as it as it may sound in the short term. But you have to be looking for the companies that can innovate the solutions. And then you have to have, hopefully some political policy that enables them to take advantage of these opportunities.
Walter Storholt 34:23
Very good perspective there. And I think it also your right, to look at this in a little bit different light. Yes, we are looking at it as all these problems, how are we going to fix all of this, but keeping in mind that there are individual people and individual companies in each of these areas, working on solutions, working on fixing it and all of that collectively is going to help you know, make this a less overwhelming task to figure out find paths forward and have a little bit more positive outlook here than I think tends to get portrayed obviously in the media.
Brian Doe 34:53
Yeah, I think if you if I had to bottom line it I think this is going to be great for the US, Canada, Mexico. Do some South American countries, those that align with us, Japan is a good example. They've had the debt, they were the first to have the demographic collapse. And what they have done is they've worked very closely with the US and have helped maneuver around some of the trade and tariff issues that that we had, that were popularized with against China, especially under Trump. They said, Hey, what, why don't we come build our plants, or put up our plants and build our vehicles in your country. And so they have actually been able to maneuver around their labor shortage by moving their plants to the countries of demand. They hire local workers, they avoid the tariffs, the products are manufactured, where they need to be sold. And Japan's actually been the most innovative and coming up with solutions. So I think a lot of a lot of companies will look to Japanese companies for the type of solutions that are actually going to work. So that may be our leader, because they've had the most time to think about this problem already.
Walter Storholt 36:08
All right, very good. I know this may bring up questions for folks listening to today's show. And if that is the case, for you definitely invite you to get in touch, contact us and ask any questions that you might have to Brian about your financial situation? Where does it fit in the grand scheme as you're trying to understand maybe these macro pieces or how can you blur out some of that noise and just really focus on your particular plan and your path forward. So if you're looking to take control of your financial future, you're not sure where to start. Brian doe again, Certified Financial Planner with more than 20 years of experience can be that trusted partner, go to living worth.com and click book a call to schedule your time to visit or you can call 706451 9800. If you're not familiar with certified financial planners, you should know that those professionals meet the highest standards of training ethics and always put their client's best interests first. And you can get a 15 minute complimentary call with Brian a CFP to gain clarity on your financial goals and prepare for that more secure tomorrow. So again, go to living worth.com and click book a call. And we'll have a link to that in the description of today's show as well. So you can find it very easily. Brian, thanks for the great breakdown today really felt like I walked away with a couple of items that I've learned some some new tidbits here. And thanks to be keeping my eye on in the months and like you said not years ahead, but but I guess decades. It's truly the New World Order.
Brian Doe 37:33
That's right. Well, let's let's hope it's a good one. And I think we'll have good solutions that come out of this. But it's just good. Good to be mindful that not trying to scare anybody the wheels aren't coming off the bus by any means. But it'll be an interesting time and those who can position themselves properly will benefit from it
Walter Storholt 37:51
might be a flat tire or two along the way. But we can always pull over and change those right. There you go. Excellent. Well, thanks, Brian. We appreciate it. Thank you for listening to today's show. Come back and join us for the next edition of make the dough rise until then.
38:13
Make the Dough Rise is brought to you by living worth Wealth Advisors with a central office in Greensboro, Georgia, but serving the lake country and beyond. The podcast is available on Apple podcast, Spotify and all your favorite podcasting apps. Subscribe today and never miss an episode. Just search for make the dough rise with Brian Doe. You can also visit make the dough rise.com To listen to recent episodes. If you'd like to contact the show or schedule a complimentary financial review as Brian and team just go to make the dough rise.com and get in touch through the website or call 706-451-9800 Thanks for listening to make the dough rise.
Ben George 38:51
Investment Advisory services offered through Main Street Financial Solutions LLC information provided is for informational purposes only and does not constitute investment tax or legal advice. Information is obtained from sources that are deemed to be reliable but their accurateness and completeness cannot be guaranteed
