Showing posts with label Troy Broussard. Show all posts
Showing posts with label Troy Broussard. Show all posts

Monday, June 16, 2025


Brilliant in terms of money and options trading.  

2:46  Probably one of the worst economies has been seen, right.  We were dealing with 30% inflation PER MONTH, 30% hyperinflation.  And I was there on Rotary Exchange program, and I would get $100 stipend every month from Rotary.  We would only exchange 20% of the money at a time, because if we exchanged all of the money at the first of the month when we got paid, by the end of the month it was worth 30% less.  We deal with a lot of inflation here, right, nobody believes the government claims about inflation being at 3%, nobody believes that.  Most economists will argue that it's at the 8-12% range.  Even if you take the low-end of that, you know, most Americans are pretty spoiled by low inflation.  I don't think that people are able to connect with that concept of hyper-inflation, but having lived through it, it really did alter my perception of how to take care of finances, how to take care of money, and how to use money to your advantage.  That's always been with me since I was 16.  

4:03  So you were young when you went to Brazil?

4:06  Yeah, I went down there at 16 as an international exchange student, fell in love with the place, ended up staying more than a year, my wife is  Brazilian, I speak fluent Portuguese.  So I came back, went into the Navy, I was an Navy Nuke submariner, so nuclear submariner in the Navy for a while.  Went off to college in the Navy through the ROTC program.  So then I ended up going back to Brazil, so on and off, I've lived a total of 10 years down.  I had a resident citizenship down there.