Aug 12, 2021
Summary:
Are we losing freedom as a product of health issues and government
mandates? In today’s podcast, George and I tackle freedom, health,
and finances to collectively consider the cost-benefit analysis of
government involvement: how does this affect our overall well-being
and happiness? We get into the financial consequences of some of
the current world issues, in which the government’s deficit
spending may reflect quantitative easing—which could result in
continual inflation. Tune in today to get an interesting
perspective on some of the most pressing global considerations
right now, and to probe into what health and wealth mean in an era
of immense change and regulation.
Highlights:
-Are we losing freedom? Is it the biggest casualty of the health
issues we’ve seen over the years?
-We are encouraging people to think about what wealth is
-From an economic standpoint, goods and services make money
count
-When you look at policies, we must ask ourselves if they produce
more or fewer goods and services
-We make ourselves poorer if policies produce fewer
-Even if you have a substantial net worth, limitations on where you
can go/what you can do de-value these assets.
-Freedom and health go hand in hand
-If you are a proponent of increased government involvement for the
sake of safety, you must ask yourself: at what point will you
believe the government has gone too far
-At a certain point, you must do a cost-benefit analysis
-there is a point where the government can take away so much of our
freedom to where the costs outweigh the benefits
-Everything being done right now by governments in the name of
health does not necessarily promote overall happiness and
well-being.
-At what point is life not worth living? We can keep ourselves safe
for the rest of our lives by separating from the outside world, but
is that life worth living?
-We could see a scenario where the dollar goes up on the DXY, but
that doesn’t mean that the cost of general goods will go up or
down—nor will the stock market necessarily go up or down
-From a financial standpoint, people need to consider what is going
to happen with government spending
-Dollars come out of economy and are re-distributed
-What has happened in 2020 and 2021? Consumer price inflation
-Is the government going to continue deficit spending?
-Quantitative easing (QE)
-Government deficit spending may resemble QE—must increase to
achieve the desired effect on the economy, which puts it in a state
of comatose
-General goods/necessities will increase in price
-Real estate - ideal to own at 30 year fixed rate mortgage
-CDC’s control over eviction moratoriums
-Foot in the door theory - when people accept a smaller request,
they are more likely to accept a larger request later
-Foot in the door theory holds for things like COVID guidelines
-Is this circumstance simply the global elite using the foot in the
door theory?
Useful Links:
George
Gammon
Financial Survival Network