On the Brink of a New Era - 

Are You Prepared?

Let's discuss... 

BFI Fireside Conversations 

After having published our Special Report, we have received many comments and questions from clients, partners and friends. This is why we wanted to offer a platform where we could discuss these very timely matters in depth and provide time to help answer the questions you might have. 

The BFI Fireside Conversations are exactly what their name suggests: honest, open, and informal conversations about the challenging times we are facing and how we can navigate through these challenges to protect and grow what is rightfully ours.

Send Us Your Questions

Rather than just presenting our point of view, we would also like this to be personally beneficial and educational for you as you hear the thoughts of the BFI Panel and our Special Guests. If you already have specific questions you would like to have covered, make sure to send them to info@bficapital.com ahead of each webinar!

Special Guests 

Conversation I - Tuesday, Oct. 27th, 5pm CET

A Difficult and Uncertain Recovery

Special Guest: Felix Zulauf 

BFI Panelists: Frank Suess, Daniel Zurbruegg, Dirk Steinhoff   

The COVID-19 crisis has pushed the global economy into a deep recession. The question is now, how quickly will the economy recover? The financial markets recovered quickly and regained pre-COVID levels rapidly. However, they appear to have disconnected from the economy. Generally, when that happens, the markets and the economy always reconvene. How that will occur is at the core of our discussion in this first New Era, Fireside Chat.

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Moreover, we will also discuss other elements that were reviewed in the Special Report, On the Brink of a New Era – Are You Prepared?, like some of the pre-existing trends and factors that were already in place prior to COVID-19, and those that will continue to be key driving forces for the foreseeable future.

“We often refer to the economy and the stock market as the master and the dog. The master walks slowly but steadily in one direction whereas the dog runs ahead, falls back, but eventually moves in the same direction. At times, the two seem connected, and at times they appear disconnected. But they do belong together, and it is only a question of time, until the two reunite and move in the same direction.” 

- Felix Zulauf

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Conversation II - Tuesday, Nov. 10th, 5pm CET

Facing the Consequences of Excessive Debt 

Special Guest: Sune Sorensen   

BFI Panel: Frank Suess, Scott Schamber, Dirk Steinhoff   

The biggest enemy of all today, in our view, is the growing burden of public debt and deficits. The dangers of excessive debt and deficits are well documented. Today, the consensus belief is that debt of advanced economies does not matter... However, history tells us, again and again, that continually piling up more debt, under the pretense or well-intentioned hope of fixing economic and social problems, always backfires.

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In this Fireside Conversation, we will review the means by which governments could theoretically reduce debt, and more importantly, the most probable measures they will employ: Financial Repression and Inflation.

“There is no means of avoiding the fiscal collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved."

- Ludwig von Mises 

Conversation III - Tuesday, Nov. 24th, 5pm CET

Special Risk Patterns Faced by Americans, and Available Offshore Wealth Protection Measures to Manage Those Risks.

Special Guest: Ben Lodmell   

BFI Panel: Frank Suess, Daniel Zurbruegg, Bernarda Pesantez   

Americans with substantial wealth are subject to a set of very unique threats and circumstances that require equally unique risk management measures. We work with American clients daily and in consulting with them, we are very familiar with their particular concerns. These worries may have been around for some time, but what is new now is the widely felt sense that these threats are imminent and quickly closing in. Let’s have a brief look at some of them.

"I truly believe that increasingly desperate states will be the greatest risk to your wealth, going forward. The swelling masses of have-nots are going to turn their increasingly hungry eyes on the haves, and the politicians are going to pander to them”

- Doug Casey

Conversation IV - Tuesday, Dec. 8th, 5pm CET

New Era Implications for Investments and Asset Allocation

Special Guest: Anastassios Frangulidis

BFI Panel: Frank Suess, Dirk Steinhoff, Daniel Zurbruegg   

The outlook for 2021, economically and politically, is admittedly somewhat dire, but this does not mean that investors should despair. On the contrary, investing has been highly profitable over the past few years and even the last few months for those properly prepared and positioned. In stock markets, the losses suffered in the recent correction have already been largely erased by a truly perfect V-shaped financial recovery.

It is quite telling though that the asset classes that have outperformed all others this year so far, by a considerable margin, are precious metals and US Treasuries. Safe havens have been in high demand and for good reason.

What should we expect next? And what are BFI’s recommendations for investments moving forward? We will discuss what our approach has been this year in depth. We’ll also discuss the key elements of our investment process and why it’s important to be disciplined and systematic, particularly in the current context.

“Although economists’ understanding of financial crises has considerably deepened in recent years, periods of huge financial sector growth and development (often accompanied by steeply rising private indebtedness) will probably always generate waves of financial crises.”

- Kenneth S. Rogoff