Jun 20, 2022
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