Protecting Your Money in a Declining Economy

Peak Moment 118: Are we in the perfect financial storm? Marc Cuniberti, a market analyst and host of "Money Matters" on our local community radio station KVMR, thinks so. Marc talks about the cause of inflation (rising prices are just a symptom) and how you can stop it with a candy bar! He discusses strategies to protect and even make money in a weakening economy. Like getting out of debt, and investing in things you really need. In the stock market, he suggests dividend paying stocks, stressing the importance of using interest compounding in your favor: $100 saved today with an 8% return will grow to $200 in 9 years.

[The information in this program is not offered as investment advice. Consult a qualified financial advisor before making any investment decisions, and do your own research before investing.]

Category:

News & Politics

Tags:

• investment
• economy
• money

[funex1]

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.

[peakmoment]

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.

[cyalaterthan]

Look up Alcohol can be a gas produce energy yourself

[peakmoment]

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.

[system0system]

When was this made?

[peakmoment]

We taped this the first week of July 2008.

[danbuck333]

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

[adrianallan]

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 ?

[SamCarroll212]

@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.

[amoljog1]

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[flapjack9999]

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.

[sporty883low]

...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....

[yogiudo]

Good video - the one assumption that this gentleman makes is that peak oil will allow investment capital to keep returning "growth"