22 min listen
Deleting the Dollar - Andy Schectman #5535
Deleting the Dollar - Andy Schectman #5535
ratings:
Length:
26 minutes
Released:
Jun 20, 2022
Format:
Podcast episode
Description
Summary: Regardless of what the Fed does in terms of rates, we are going to face inflation for years to come. To analyze some of the consequences of the intense money supply increase, I chat with Miles Franklin CEO, Andy Shectman. Whether rates are increased or not, we find ourselves at a stalemate—the two possible outcomes being depression and hyperinflation. With the fragility of our currency, it becomes particularly important now to diversify your assets and invest in the precious metals. To learn more about the advantages of the metals—especially in the current circumstances—be sure to tune in to this episode. Highlights: -Mortgages are up over 6% on 30 year fixed mortgages -Regardless of what the Fed does, we’re going to have inflation for years to come -Gasoline and food aren’t included in the CPI -If they raise rates, it’s death by depression, but if they don’t raise rates, it’s death by hyperinflation -Electricity rates are going to double in the next 18 months -As rates rise, the everything bubble has to eventually correct -Stocks, bonds, and real estate are all inversely correlated to a rise in rates -The weaponizing of the dollar is concerning for other currencies -Gold looks like it could go substantially lower in the near future; right now, gold is up about $12 while everything else is down -Gold is doing what it’s supposed to by way of preserving purchasing power Useful Links: Financial Survival Network Miles Franklin
Released:
Jun 20, 2022
Format:
Podcast episode
Titles in the series (100)
The Blue Wall of Maskdom Is Crumbling - Dunagan Kaiser #5159: Master Prepper Dunagan Kaiser discusses Financial Prepping and why you need to get started now, if you haven’t already. It all comes down to the individual, you can’t expect the government to suddenly come to its senses and start doing the right... by Financial Survival Network