Kerry Lutz's--Financial Survival Network

Summary:
I have the opportunity to chat with John Williams, who has been studying inflation for years—looking into the numbers that the fed has been leaving out of the equation. The government has majorly changed the way that they measure inflation over time, and they have been making alterations to reduce the headline inflation rate. Tune in to get the more accurate depiction of inflation, and to hear about where this situation is headed in the near future.

Highlights:
-My last article was on 12 reasons why inflation is here to stay, but John Williams has been tracking inflation for years—using the methods from back in the 70s
-Most people on the planet have never lived through a major inflationary cycle—it has historically been minimized
-We’ve seen changes in the way that the government has measured inflation over time
-They changed how they measured housing costs, shifting to a homeowner’s equivalent rent, or what a homeowner would pay himself to rent his own house/how he would raise the rent
-They kept making changes to reduce the headline inflation rate
-6-7 percentage points have been taken out of inflation
-Inflation is directly tied to supply chain issues, followed by shortages
-We are in an unusual circumstance since the economy shut down and employment has declined
-Holding US currency means that you’re losing purchasing power—it’s better to hold gold and silver, which will retain your purchasing power
-Williams thinks there is a good chance we will see hyper-inflation
-The best economic statistic is payroll employment—it’s a very broad measure
-People start to increasingly expect inflation

Useful Links:
Financial Survival Network
Shadow Stats
Hyperinflation Worst in 40 Years, and About to Get a Lot Worse | John Williams
Fed Trying to Keep Economy from Collapse – John Williams with Greg Hunter

Summary:
Do you want to educate your children on how the economy works? Connor Boynack sits down with me to talk about the books he has written over the last several years that expose children to the benefits of personal freedom and free markets in a way that they can comprehend. A Dad himself, Boyack wants to give young minds access to the knowledge that extends beyond what children learn in school, and he provides the perfect tools to do so. Tune in to hear more about these great resources.

Highlights:
-Boyack writes books that expose children to the benefits of personal freedom and free markets
-He started in 2014 and has sold 3 million copies of these books
-He is a Dad and owns a think tank that deals with policy reform
-He wanted his children to understand the concepts that he deals with on a daily basis
-The first book was successful and the demand for these resources has been increasingly strong in the last few years
-The books are story-based and fully illustrated
-Their model is directed at families trying to educate their children—whether they are homeschooled or enrolled in school
-Children are pretty good at understanding complex topics, and this has been a thrilling aspect of Boyack’s publishing
-These children are ultimately going to help run our nation one day—it’s important to talk about these ideas because you don’t know what type of positive impact you could have

Useful Links:
Financial Survival Network
The Tuttle Twins

Teaching Children About Liberty - Solutions Watch