3. Asset Allocation and Countering a Hyperinflation scenario

[PatrickTempleTV]

It is unfortunate that cash is not backed by gold. The federal reserve is a private owned company, that just does not seem right.

[WildDoveX]

There is no necessary connection between money supply and inflation. Inflation is possible due to lack of price controls and other agreements about reality.

[SidneyBoud]

@WildDoveX If there were only one dollar in existence you think the price of an item could rise to 2 dollars. How would it ever be paid for?

[WildDoveX]

@SidneyBoud - Velocity of money can make a small amount of money go a lot farther.

[SidneyBoud]

@WildDoveX Well when you use something 2 to 9 times it seems to go further but when one owner defaults it is gone. Some call that a default. When it happens to your money and the bank can't cover it it is called a loss.