Episode 75

Published on:

27th Sep 2022

Chris Gets Scammed, How Long Will This Last and Q&A

If you've been following the news of late, you're probably aware that the Ethereum merger has been completed, as the cryptocurrency switches to the proof-of-stake (PoS) mechanism for verifying transactions on the blockchain. The move was intended to fix some of Ethereum’s problems by improving transaction speed and making them cheaper. However, the price has dropped since the transition on September 15.

In today's episode of The Higher Standard, Chris and Saied's wide-ranging discussion takes on everything from Ethereum's merger and the Fed fund's target rate, to the recent 900-point drop in the Dow Jones Industrial Average.

They explore the strange period of fluctuation we've entered in the real estate market where homeowner's mortgage payments are so low, relative to the property they bought, they don't want to sell, they want to rent.

Chris and Saied also look at the reasons why China is no longer as inexpensive as it once was for labor and goods. Vietnam and India have begun to eclipse China with cheaper workforces and lower costs of production.

They also offer some opinions on what they believe owner occupied 30-year mortgage interest rates will look like and why the 900-point drop in the Dow was caused by pricing in the Fed's most recent rate hike.

This is a show you do not want to miss! Join Chris and Saied for this wide-ranging and informative conversation.


What You’ll Learn in this Show:

  • The details behind Ethereum's recent network upgrade and merger and what that could mean for the cryptocurrency going forward.
  • The premise behind the new Federal reserve target rate, and why the Fed doesn't just increase the Fed funds target rate.
  • Why homeowners are now choosing to rent their properties rather than sell due to unusually low mortgage payments.
  • The 900-point drop in the Dow, and why it indicates the market is simply "pricing in" the Federal Reserve's 0.75% rate hike.
  • And so much more...

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About the Podcast

The Higher Standard
This isn’t a different standard, it’s the higher standard.
Welcome to the Higher Standard Podcast, where we give you ultra-premium, unfiltered truth when it comes to building your wealth and curating the lifestyle of your dreams. Your host; Chris Naghibi is here to help you distill the immense amount of information and disinformation out there on the interwebs and give you the opportunity to choose a higher standard for yourself. Sit back, relax your mind and get ready for a different kind of podcast where we elevate your baseline with crispy high-resolution audio. This isn't a different standard. It's the higher standard.

Follow Chris here as he posts daily: https://www.instagram.com/chrisnaghibi

About your host

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Christopher Naghibi

Christopher M. Naghibi is the Founder and Chief Executive Officer of Black Crown Inc. and Black Crown Law APC, a disruptive collective of attorneys, property managers, real estate agents and contractors who handle home sales and purchases, commercial and multifamily real estate brokerage, primarily for high net-worth and celebrity clients.

His team has over 20 years of experience, 1000+ satisfied clients, $10 million in recovered costs for clients, and in excess of $20 billion dollars in closed transactions.

As a licensed attorney, real estate broker, general contractor, and now Top 100 podcast host, Chris aims to provide free financial education that allows people to take control and democratize fear in the financial world.