The inflationary genie is out of the bottle…will we ever be able to get it back in? Here to weigh in on this is Mark Skousen, infamous economist and producer of FreedomFest. In regard to inflation, we are seeing some of the expected effects based on past inflationary periods, but some unexpected conditions for the dollar and gold. It is becoming more clear that, while our current circumstances resemble the 1970s, things are different this time around. We also discuss the global implications of the dollar, and look to the future of digital currency as our other currencies become increasingly unstable. Tune in for more insight from Mark.

-Inflation and interest rates are never neutral; they affect certain sectors more than others
-The Fed’s hands are full, and we are in a time of instability
-A recession in the stock market was inevitable
-Inflation is not going away any time soon, but it will go down as the Fed tightens. Money supply growth is also down to 5-6% a year
-The Fed is serious about fighting inflation
-In the 70s, the dollar was weak and gold was going through the roof. We are currently seeing the opposite of this situation
-This is having global effects; everything is priced in dollars
-With high inflation, you would think that gold would be higher
-Supply chains have been disrupted
-There has been a slowdown in China, and real estate has been in turmoil as well. People are refusing to pay mortgages
-They are also experiencing a population growth collapse
-It’s easier to call a top in Bitcoin because they are obvious. The bottoms, on the other hand, are more sublime
-It still doesn’t fall into the definition of a currency
-They need to eliminate the tax disadvantages tied to digital currency transactions

Useful Links:
Financial Survival Network
Mark Skousen
FreedomFest Memphis 2023

Direct download: Mark_Skousen_20.Oct.22.mp3
Category:general -- posted at: 8:01am EDT

Alejandro Szita comes on the show to give us the latest insight on what’s happening with real estate. He touches on the confusion in the real estate market right now, and stresses that it is better to not focus so much on rates; rather, it’s important to get your mortgage to a point where you can live with the monthly payment. Listen in for more useful insight from Alejandro.

-There is a lot of confusion in the real estate market right now; many people still need a place to live, and lots of people are still trying to sell
-There is a lot of pressure on the housing market—especially sellers
-People are focusing on rates rather than their goals
-You need to bid aggressively and take advantage of the market
-Since rates will probably go higher, now is the time to negotiate
-It’s not about what the Fed can or cannot do; the inflation in place is for the scarcity of goods
-Holding a physical asset can get you through a situation like this
-Get your mortgage to a point where you can live with the monthly payment, and stop worrying so much about the rate

Useful Links:
Financial Survival Network
Prosperity Lending

Direct download: Alejandro_Szita_19.Oct.22.mp3
Category:general -- posted at: 8:00am EDT






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