Episode 75

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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.


Enjoy!



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 hosts; Chris Naghibi and Saied Omar 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.

About your host

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Christopher Naghibi

Christopher M. Naghibi is the host and founder of The Higher Standard podcast — a rapidly growing media platform delivering unfiltered financial literacy, real-world entrepreneurship lessons and economic commentary for the modern era.

After nearly two decades in banking, including his most recent role as Executive Vice President and Chief Operating Officer of First Foundation Bank (NYSE: FFWM), Christopher stepped away from corporate life to build a brand rooted in truth, transparency, and modern money insights. While at First Foundation, he had executive oversight of credit, product development, depository services, retail banking, loan servicing, and commercial operations. His leadership helped scale the bank’s presence in multiple national markets from $0 to over $13 billion.

Christopher is a licensed attorney, real estate broker, and general building contractor (Class B), and he brings a rare blend of legal, operational and real estate expertise to everything he does. His early career spanned diverse lending platforms, including multifamily, commercial, private banking, and middle market lending — holding key roles at Impac Commercial Capital Corporation, U.S. Financial Services & Residential Realty, and First Fidelity Funding.

In addition to his media work, Christopher is the CEO of Black Crown Inc. and Black Crown Law APC, which oversee his private holdings and legal affairs.

He holds a Juris Doctorate from Trinity Law School, an MBA from American Heritage University, and two bachelor degrees. He is also a graduate of the Yale School of Management’s Global Executive Leadership Program.

A published author and sought-after speaker (unless it’s his son’s birthday), Christopher continues to advocate for financial empowerment. He’s worked pro bono with families in need, helped craft affordable housing programs through Habitat for Humanity, and was a founding board member of She Built This City — helping spark interest in construction and trades for women of all ages.