Darrin Erickson and Tonya Dawn Recla on Future Trends for Global Economies

Thank you, I got our titles crossed. And so as I was diving into that book earlier, what I felt was the thread of the heart of what Darrin really stands for and what I felt him in, when you pick up the book, you’ll see the same thing, this kind of like we need to work, we need to care about the money because the money dictates things that actually happen to people, right. And so there is a connection between our economies and the people that they affect. And we shouldn’t be ignoring that. Right. And so one of the things I really appreciated about Dan’s approach and sort of his, his mode of being is like, it’s like, it’s a much more worldly sort of humanitarian perspective on money. So I’m really excited to have that conversation today. What are the future trends of global economies? From the vantage point of what are we talking about the impact on humanity? Right? How does this impact the people involved? Like, how are we doing things when it when it relates to money, and I believe those are very big conversations right now. So we’re gonna dive into that with Darrin, but first, we’re going to ask what are your superpowers. And how do you use them for good?

And so we tend to tend to advocate, right, or we tend to want to make it somebody else’s responsibility to do or we were like, Okay, you just manage my money for me, I’ll never forget, we were in the crypto space, you know, when we had the corporate counter Intel firm doing due diligence there, somebody came up to Justin one point, puts her phone in front of Justin goes here, buy this much something coin for me. He’s like, no, like, probably shouldn’t be doing this if you’re intimidated by the process, because we need to be educated in how these things work. And I think when it comes to money, it’s kind of like breathing like, we never really think about how we breathe, or that maybe we should be consciously aware of how we’re breathing because we just do it all the time. And it works. And money sort of kind of falls into that same thing. It’s kind of this arbitrary thing that just sort of happens. And you have this kind of love-hate relationship with it, most of us. But we never really stopped to think about what is it. And what is it doing? And why is it here? And what are we supposed to be using it for? And how does it come to us? And how does it leave us? Right? And when you look at energetics, you know, those are big conversations of frequency of money. Right? What are we really talking about it and I and I liked that the conversation is moving out of the material. And yet, you have the very real job of like, making things out of nothing and the material, right? So it’s like, how do you do that? Right. And it’s, I appreciate that, that folks like you who were moving large amounts of money or thinking that way? You know, I think that’s a big part of the reason for the energetic sensitization process we use is because it came from the counter Intel world, but when you’re dealing with large amounts of money that may just be like, it’s money, you know, not national security. But it is national security because our national security sort of rests on this money concept, or global security rests on our ability to have some sort of exchange between each other so that so the business can continue to supplies can continue, right?

We built this behemoth of a thing that requires money to go now we got to figure out how to reimagine things. You’re in the middle of that they’re in like, like what’s this world look like from you know, the trepidation of what the economies are going to do, what the markets are doing, like, what does that look like in a space where you can look out and go I actually think that this is good. I think we need to walk through this talk to me about your world.

Darrin Erickson:

It’s safe to say that the global economy and the global financial markets continue to be in an evolutionary process. They have for as long as people have been around and markets have existed, and they’ll continue to evolve. And I know it can be scary at times, it can be painful financially at times, you know, when you’re going through one of these corrective phases in the market. But this is all part of a natural progression, I think that sees capital move to its most efficient use. And there are obviously short-term dislocations where we have bubbles form in certain segments of the market, those eventually get resolved and capital will flow to where it should. So, for me, you know, there’s been a lot of talk recently about retrenching and, and the nearshoring or onshoring of production. And some people are taking that as meaning that globalization, the trend to globalization is over. And that’s going to reverse now, I disagree with that quite strongly. I think the trend of globalization is shifting, the nature of it is shifting right before our eyes. But it’s going to continue, I think it needs to continue. You know, as a species, the human race needs to continue to try and work together and, and cooperate in ways that are beneficial for everyone. And I think that’s a good thing.

Tonya Dawn Recla:

I agree with you. And I do think that we’re looking at some unprecedented times, I remember I had Ervin Laszlo on the show, I did a whole feature on the men of co-creation, and he’s in his 90s 109 books, multiple Peace Prizes from different countries and Ph.D., you know, and all that good stuff. And he’s been in this conversation for a really long time. And his stance is that this is different, right? We’re evolving at a really rapid weight. And this is a shift, a very significant consciousness shift. And I asked him because I see that and I feel it too. 

But I have my pieces, my scientist inside of me, and I’m like, Okay, how do we know? Right? How do we know? How do we know that to be true? Right. And it was a beautiful conversation and at the heart of it, we can’t know for sure. But I do think that with you know, it’s all living in a pandemic possible reality. Now, that’s undeniable. Things are different, our consciousness has shifted what matters to the shifts and regardless of what happens with the economies, I know a lot of us are really interested in seeing those dollars turn to the good right turn to social impact because we do see an upheaval in the systems and a lot of us are urging that on really like a chip, making more chips and trying to port light into some spaces where like, hasn’t been for quite a long time. And we’d like to see that money moved into social impact. 

And that can inform investing, right, it can inform what we encourage private investors to invest in. And I think that that’s a worthwhile conversation right now, you know, we tell our clients and our children, like, invest in the things that are going to support you moving forward. Right, and we don’t know what’s going to happen with dollars, or any type of currency for that point. But we do know that if we’re going to continue being here humanity will continue being here. Like, that’s kind of, that’s all we know, right? If one of us is here, that humanity is here, like and historic. What do we want? How do we want to live? Right, and so so I think investing in that kind of a concept of turning those dollars in those pounds in the currency into social impact is always an incredible investment. But it’s not popular when things are uncertain. And people want to grab and take and have more because of the uncertainty. 

And but I believe that we’re being shown that that you can’t hold on to it. You can’t take it with you, you can’t hold on to it. So what’s the next best thing if not to leverage it for good? And then maybe that’s my pie-in-the-sky kind of pollyannaish look at things because I’ve seen the other version of things, and I’m not voting for that. And so how do you handle conversations with people when sort of your mission and purpose is to say, Hey, I look out this far, I see a humanity that can do better. And yet you’re working with clients who in a very real Central, like, Hey, I’m concerned about my family, and my children, end of the story, how are we going to survive? And it’s like, you may not if we don’t look at this, whatever. So how do you kind of navigate those conversations with people depending on where they’re developmentally?

Darrin Erickson:

It really is a balancing act between sort of short-term concerns, and short-term goals in terms of what people want to achieve financially. And obviously, everyone has a different time horizon. If you’re young, you have a long, long time horizon, you can maybe look at things a little bit differently than if you’re on the verge of retirement. And your current income is the primary concern, not how your investments are going to impact the rest of the world. But there is without a doubt, a very clear and growing trend toward socially investing or, you know, call it whatever you want, if it’s ESG, environmental, social and governance issues, I think really, it’s, it comes down to being socially aware and responsible when you’re investing your money. 

Because I think in the long run, the only sustainable investments are going to be those that ultimately help humanity. It’s, you know, in the short term, anything can happen. But in the long run, in the long run, you know, we all live on this planet Earth, and, you know, how, how the planet fares environmentally, how we fare socially in terms of, you know, our political systems and their stability, not to mention currencies and so on. I mean, they all impact our lives in a really, very real way. And, you know, we pay a lot of attention to our physical health, our mental health, and even our spiritual health. But a lot of people just miss that, that one component, that financial health, earlier on in life, and when you’re later on in your, in your years, and you’re about to retire, you want to retire, and find that you suddenly you can’t because you weren’t prepared early enough, you know, that’s a very important thing. And that can weigh on people, physically and mentally. And so I think, you know, thinking about it now, looking far into the future, where do we want to be as a society? It’s important, as you mentioned, the financial system is the engine that’s running the global economy. And so allocating capital in ways that make sense and will help us as a race, or species, I think is absolutely critical.

Tonya Dawn Recla:

I agree. And I love the conversation around this emerging creative economy, right to creative current creativity as currency. And I think that that’s a valuable sort of unifying lens we can all look through in that we need creative solutions. We need to know ourselves as creative and create tours on some level, because then we operate off of different principles, and we hold ourselves accountable. We tap into that larger Creative Conversation when we’re willing to say, what I do actually matters not just to me, but to everybody, and what happens to everybody matters to me. So it’s undeniable, right? We have this beautiful kind of collectivist view that we’re able to then inform how we spend our money. Right? And it takes less of that survival thing. I think a lot of us are done with the survival thing. We checked the box, as long as we wanted to. Now we’re like, what’s next? Right? What’s beyond survival, and you spoke to it, it’s like the value of the life that we have is largely dictated by our social structures, and how we share spaces together. 

And that improves our quality of life. And we’re willing to look at those through creative lenses and say, how can we support each other first, so that we can all have that experience because if we’re honest, it’s not fun to have a great fun experience if you know somebody else isn’t. A party is not fun if people are soaking in the corner, right? Not as fun as it could be. But if everybody is enjoined. It alleviates all of that, that angst. And that dissonance inside of us, that makes us feel a little bit guilty for having what we have. It’s the natural deconstruction mechanism of privilege. When we don’t have that, we can see ourselves in everybody, and we can inform how we spend our money and what we look at what we use the money for, and how we view it through that lens as in service to humanity and not vice versa. I think everything changes, right to take us from money serving humanity, or to money serving humanity rather than humanity serving humanity. I mean, right, that’s a shift I think I’d vote for. 

So I love knowing that you’re in those conversations there. And thank you, thank you for continuing to endeavor to look beyond and say, Hey, this impacts a lot of different people, for generations to come. Yeah. And we should be thinking about that. I often review case studies of businesses and realize like, who was there during that decision, that one decision and impacted all of us? Why didn’t someone say hey, maybe we shouldn’t do this? Or maybe we should just think about this a little bit longer. Or maybe we should think out another generation or two before we pull this one. And it’s like those kinds of conversations, right? When you know, you have an impact and influence over humanity, take that level of responsibility. And so we’d love to see people with dollars invest in the companies that are thinking in that way. So I love that you’re in the midst of that. Darrin, what are some final thoughts you’d like to share with folks as we’re writing these very uncertain trends into the future? Let’s give folks some hope.

Darrin Erickson:

You know, I think that there’s a lot to be hopeful about and a lot of positive things that are going on every day, I look at businesses that are doing great things for humanity, developing new cures for disease, investing in ways that are creating a sustainable future for all of us. And they’re generating wealth for investors as well the same time. So I think there is a way to combine the two. And everyone benefits from that. And you know, as well, when you think of the stock market, as a place to invest in businesses and acquire business ownership, and you think like a business owner, when you buy shares in, in a company, you’re an owner, you actually are a business owner. And if you think of it that way, then when times get tough, as we saw on the pandemic sell off, that we saw last year, in certain segments of the technology sector, for example, certain segments of the market have sold off, I think it changes your view, it changes your perspective on your investment, where your money is how safe your money is. Because if you’re buying good businesses, you are a business owner, and you don’t have to panic, when prices get cheaper, when things get cheaper, you buy more. And I think if you hold on to that, you’ll get through the tough times, and you’ll build wealth for yourself and for your family. And that’ll allow you to do the things you’d like to do, including investing in socially beneficial projects, you can help people you can do a lot more to make this a better world.

Tonya Dawn Recla:

Brilliant, well there, and thank you so much I love that you’re speaking about this from a very practical standpoint, we get in matters, right? You want to be able to feed your kids and pay your bills and do the things that need to be done. And you’d like to think that when you leave this planet that they’re better off than then maybe you were when you were here and that’s beautiful. And there are others right and so so extending that, that lens beyond that, and I agree with you, there’s a beautiful way that we can do all of it. And so we’ll continue to endeavor toward that future, we’ll hold that vision together. And so thank you there for doing what you do in the world and for being who you are. And for coming on the show and sharing your knowledge. We appreciate you.

Darrin Erickson:

Thank you very much, Tonya, it was my pleasure. Beautiful. And to all of you out there.

Tonya Dawn Recla:

Thank you, again, for being here with us. We’d love it if you support it, make sure you get over and check out Darrin’s value partners, right? Where can we send value partners, I’ve got it right here, value partners investments.ca. Make sure you go over there and check them out. If you’re in that investment game, and you’d like what they’re saying here, get over to superpowerexperts.com and check out that sensitization training, right? So you can feel a little more confident when you’re sitting with your investments, right with your finances. Just money folks. I know it feels like life or death. But we got to breathe through it right? We got to work through that and be like, Okay, right, we’re more powerful than the money in front of us. And we can remember. So go through that sensitization training and it’ll get you a little bit of a different perspective for those hard times. Right. I know that we’re all in this together, folks, we’re going to get there. We’re going to walk through this and we’re going to see ourselves into a much better future. Future vision moving forward. Thank you for being here with us. We love you all remember who you are. And we love you. Until next time, love each other. Bye for now.

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