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Nice video. There is a slight contradicion given in the example of compound interest- not spending money on a CD-investing it- is all hypothetical. That's assuming the fund is going to increase in value at a steady rate, and then it's barely keeping track with inflation. I like the tangible assets idea better.
I really liked your channel and this video. If you need any help getting this video exposed I use a site called tubeviews.(net) It has really helped like 20 of my main videos get to the top in position. Its nice.
...the dollar's value has gone down so much...so much so that a PETITION has been made to take off the writings, "IN GOD WE TRUST" out of the dollar bills...the petition came from God....
I think the first wisdom is to be out of debt: it gives you the maximum freedom and options. Even if your debts are nominally the same value, and hyper-inflation would seem to mean the debt is reduced, we can't count on the government not to make adjustments. As is evident by events this past half-year, the money people are running the show, not the government.
@funex1 My belief: First there's deflation due to deleveraging, and only later is there reflation, hyperinflation and a plunging U.S. dollar. In this case, although it might be fun to owe money to banks during hyperinflation, you'd need to survive deflation first, and that's really not a good time to be "short" the dollar (as a net borrower).
It has been two years since your posting. I hope you're out of debt already.
@funex1 My belief: First there's deflation due to deleveraging, and only later is there reflation, hyperinflation and a plunging U.S. dollar. In this case, although it might be fun to owe money to banks during hyperinflation, you'd need to survive deflation first, and that's really not a good time to be "short" the dollar as a net borrower.
It has been two years since your posting. I hope you're out of debt already.
due to the patriot act the government can now open, obtain and confiscate anything in a safety deposit box legally , so keeping things of value in them during a economic collapse is at your own risk ,cheers
Inflation has obviously been raging. But there is also a ton of capital destruction in write-downs, housing values, etc. If the capital destruction overpowers the ability of the Fed to pump out more money, wont we see deflation? I ask because I dont see the "printing presses" being quite so simple. To create more money, people and companies have to borrow it into existence. It doesn't seem like very many entities have much more room to take on more debt...and thus create more money.
Depends once again on what you define to be inflation and deflation. Money can become scarce and still lose its value. Trust and demand plays a role even if supply is vanishing.
Changing shopping habits too - avoid supermarkets and shop locally. People who shop locally have a "shopping list" mentality and mainly buy what they plan to. Supermarkets aisles represent 100s of temptations and unnecessary items. Could peak moment also do more to address going veggie - what better way to save money and avoid the energy loss inherent in animal husbandry ?
Great suggestions - and to buy nutrient-dense foods, more fresh and less packaged food, and not impulse or junk food. Good idea to do a show on eating lower on the food chain, or even going vegetarian. Vegetarian doesn't work for everybody, though. And there's a big difference between resources used by local grass-fed animals vs. industrial feedlot animals.
Walk away from real estate? What if you are both a homeowner and a landlord at the same time and your tenants pay half the mortgage in the form of rent. This seems logical to me to stick with it.
Obviously you have to weigh your own situation yourself. Can you get ahead of the mortgage payments via the rent payment plus your own income? The more quickly you can pay down the mortgage principal, the less you'll be paying out in interest. For some homeowners whose mortgage is far more than the sales value of the home, they would never be out from under the payments -- a losing proposition.
It is very tricky, luckily, we purchased the home for less than its appraised value at the time, I really don't know what it's value is now with the bubble bursting, and I suppose that if worst came to worst, we could walk away and start renting, the only problem is that we have quite a bit of land to grow food on, while renting an apartment would render us helpless in that regards. If I could, I have room for animals too, which I am considering placing on my property. Thanks for the videos!
Good day, awesome video. You will have better results with bee4biz (Simply google that) because they pay way more and their support rocks You will earn 20 times more with these guys. You get paid for locking content.
amoljog1 8 months ago
Nice video. There is a slight contradicion given in the example of compound interest- not spending money on a CD-investing it- is all hypothetical. That's assuming the fund is going to increase in value at a steady rate, and then it's barely keeping track with inflation. I like the tangible assets idea better.
flapjack9999 2 years ago
This has been flagged as spam show
I really liked your channel and this video. If you need any help getting this video exposed I use a site called tubeviews.(net) It has really helped like 20 of my main videos get to the top in position. Its nice.
that is very awesome i love this
Leelavatixzg 3 years ago
...the dollar's value has gone down so much...so much so that a PETITION has been made to take off the writings, "IN GOD WE TRUST" out of the dollar bills...the petition came from God....
sporty883low 3 years ago
Keeping in mind all the money that is being pumped into the financial system ...
Should we "get out of debt" if hyper-inflation is coming?
Otherwise - good points/advice.
funex1 3 years ago
I think the first wisdom is to be out of debt: it gives you the maximum freedom and options. Even if your debts are nominally the same value, and hyper-inflation would seem to mean the debt is reduced, we can't count on the government not to make adjustments. As is evident by events this past half-year, the money people are running the show, not the government.
peakmoment 3 years ago
@funex1 My belief: First there's deflation due to deleveraging, and only later is there reflation, hyperinflation and a plunging U.S. dollar. In this case, although it might be fun to owe money to banks during hyperinflation, you'd need to survive deflation first, and that's really not a good time to be "short" the dollar (as a net borrower).
It has been two years since your posting. I hope you're out of debt already.
SamCarroll212 7 months ago
This has been flagged as spam show
@funex1 My belief: First there's deflation due to deleveraging, and only later is there reflation, hyperinflation and a plunging U.S. dollar. In this case, although it might be fun to owe money to banks during hyperinflation, you'd need to survive deflation first, and that's really not a good time to be "short" the dollar as a net borrower.
It has been two years since your posting. I hope you're out of debt already.
SamCarroll212 7 months ago
Good video - the one assumption that this gentleman makes is that peak oil will allow investment capital to keep returning "growth"
yogiudo 3 years ago
Look up Alcohol can be a gas produce energy yourself
cyalaterthan 3 years ago
You can watch two conversations with the author of "Alcohol Can Be a Gas", David Blume, here on YouTube, or at peakmoment(dot)tv/conversations.
peakmoment 3 years ago
When was this made?
system0system 3 years ago
We taped this the first week of July 2008.
peakmoment 3 years ago
due to the patriot act the government can now open, obtain and confiscate anything in a safety deposit box legally , so keeping things of value in them during a economic collapse is at your own risk ,cheers
danbuck333 3 years ago 4
I heard your country has the highest suicide rate cheers
primussux 3 years ago
People will pay anything to stay alive, Drug company's will be very strong with an aging population.
DKW2088 3 years ago
Invest in evil pharmaceutical companies(!) Thats how you protect your money...
Jebus36O 3 years ago
Inflation has obviously been raging. But there is also a ton of capital destruction in write-downs, housing values, etc. If the capital destruction overpowers the ability of the Fed to pump out more money, wont we see deflation? I ask because I dont see the "printing presses" being quite so simple. To create more money, people and companies have to borrow it into existence. It doesn't seem like very many entities have much more room to take on more debt...and thus create more money.
Freealize 3 years ago
Depends once again on what you define to be inflation and deflation. Money can become scarce and still lose its value. Trust and demand plays a role even if supply is vanishing.
trakkaton 3 years ago
great information!
lilbluehonda24 3 years ago
Changing shopping habits too - avoid supermarkets and shop locally. People who shop locally have a "shopping list" mentality and mainly buy what they plan to. Supermarkets aisles represent 100s of temptations and unnecessary items. Could peak moment also do more to address going veggie - what better way to save money and avoid the energy loss inherent in animal husbandry ?
adrianallan 3 years ago 2
Great suggestions - and to buy nutrient-dense foods, more fresh and less packaged food, and not impulse or junk food. Good idea to do a show on eating lower on the food chain, or even going vegetarian. Vegetarian doesn't work for everybody, though. And there's a big difference between resources used by local grass-fed animals vs. industrial feedlot animals.
peakmoment 3 years ago
wait what?
Veggie is more more expenssive than meat ,
only thing its that you have your garden then you save money . Buying fruits is more expensive
system0system 3 years ago
Walk away from real estate? What if you are both a homeowner and a landlord at the same time and your tenants pay half the mortgage in the form of rent. This seems logical to me to stick with it.
MonicaLewandowski 3 years ago
Obviously you have to weigh your own situation yourself. Can you get ahead of the mortgage payments via the rent payment plus your own income? The more quickly you can pay down the mortgage principal, the less you'll be paying out in interest. For some homeowners whose mortgage is far more than the sales value of the home, they would never be out from under the payments -- a losing proposition.
peakmoment 3 years ago
It is very tricky, luckily, we purchased the home for less than its appraised value at the time, I really don't know what it's value is now with the bubble bursting, and I suppose that if worst came to worst, we could walk away and start renting, the only problem is that we have quite a bit of land to grow food on, while renting an apartment would render us helpless in that regards. If I could, I have room for animals too, which I am considering placing on my property. Thanks for the videos!
MonicaLewandowski 3 years ago