Nov 3, 2021
Summary:
It seems as if inflation is not quite as transitory as the media
has portrayed. I sit down and chat with Andy Schectman about this
ongoing phenomenon, which seems to be solidifying more and more as
time passes. While CPI seems somewhat normal, things like commodity
prices and house prices aren’t factored into this number. Tune in
to hear Schectman and myself breakdown the inflationary situation
that is definitely structural, and to hear about the wide-reaching
implications of this matter
Highlights
-Inflation is not so transitory
-The largest social security increase in decades is coming
-Companies are paying higher hourly wages and offering sign-on
bonuses
-Prices are going up, house prices are going up, but these numbers
aren’t factored into the CPI
-The media doesn’t do a good job of telling the truth
-This inflation is definitely structural
-Until you get a change in policy and the government is willing to
make difficult decisions, this will be with us for the foreseeable
future
-As money depreciates, it never has as much value as when you first
had it
-The US leaving Afghanistan had a major impact on OPEC—they’re
being protected by Russia and opened up oil to other currencies
Useful Links
Financial Survival Network
Miles Franklin
info@milesfranklin.com
Silver Supply Could Vanish Overnight
with Andy Schectman
Silver Bullion Will Disappear –
“People Are Waking Up” with Andy Schectman