Our hosts David and Phil Ngo take Episode 19 to inform you about the macroeconomic picture relating to inflation, interest rate hikes leading to recession and possibly depression? This winter will be cold and winter has already arrived. Ethereum Merge updates also provided near the end for our crypto listeners. Learn how to make good, but hard decisions as leaders and survive this bear market. It's not all gloom and doom.

David has a message for his scammers cloning his Instagram accounts (2:07).

David gives us some tips on how to avoid being scammed (3:09).

Question everything and be skeptical. Especially when it comes to crypto and decentralized finance (7:40).

Crypto is still very much a "risk-on asset." Similar to other tech companies. They're all feeling the pinch. (9:43).

Interest rates near 0% means people were very risk-adverse (10:43).

Money is not free. Money printing doesn't make people richer (13:51).

People are feeling the pinch. David puts into perspective what interest rates going up means for you, especially as a homeowner (15:03).

1 in 4 homeowners may be forced to sell if interest rates keep going up (17:43).

When does the Federal Reserve or the Bank of Canada feel that they have raised high enough with hurting the economy the least (20:22)?

Looking at the downturn as an opportunity. Phil takes a glass half full perspective with many great opportunities to invest (25:39).

David explains an investing strategy called dollar cost averaging (26:43).

Canada's Finance Minister tries to fight inflation by spending more money... (28:09).

A note from us to business owners and entrepreneurs who have to make tough decisions due to market contraction (31:37).

Bringing valuations back to reality (34:35).

When you invest, you should do your own research. Know how they make their money! When Coinbase's revenue dries up, you must lay off workers.. 18% to be exact (37:35).

Not your keys, not your coins. The only crypto that is safe, is the crypto in your wallet where you control the keys (38:45).

Ethereum merge updates with Phil. TL;DR: It's coming (41:45)!