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A look at inflation and deflation, the key issues in any economic crisis, and how understanding how those issues are playing out will help individuals develop a strategy for preserving and growing their wealth in the US economic crisis.
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I love your knowledge and your slides, but your voice sounds boring to death!
bobichina 1 year ago
Monetary supply determines whether there is inflation or deflation. The effect is an increase or decrease in the cost of items.
Toonces8 1 year ago
Wait a minute. You just said "inflation is an increase in the money, deflation is a decrease in the supply of money."
Then you went right into saying "we were in a deflationary period, stock market went down, housing prices went down..."
That sounds to me like you're saying PRICES determine inflation or deflation. Which are you claiming?
WideWorldOfWisdom 1 year ago
sorry, i meant the price of our domestic good in comparison to foreign currencies, gold and silver, not their prices of domestic goods.
TheMetalPerson 2 years ago
Considering my above comments made no mention to whether asset prices are increasing or decreasing, I don't see any relevance to your response. I agree that the price of domestic goods in the US has decreased in comparison to other countries, if that is what you're trying to say.
You don't really make it too clear what you're opposed to, but its obvious from your snide suggestion to 'wake up' that you think something I said was ignorant.
TheMetalPerson 2 years ago
the price of assets can be seen in two forms 1) domestically 2) internationally
if someone invested against the US dollar 2 months ago then used thatprofit to purchase american goods, the price for that asset has decreased...wake up
mickeykozzi 2 years ago
Sorry, youtube was bugging before while i was commenting. and "educator"->"Ecuador"
I agree with you about guns. More importantly, I think people should keep their cars well maintained. Basically you should have all the supplies you need before converting your remaining money to metals.
I think we mostly agree. Buy what you need first and use it to protect what you've worked for all your life. I just thought you were one of those people suggesting to spend 5000 dollars on food reserves.
TheMetalPerson 2 years ago
huh? what does that have to do with the price of guns ?
KLguy133 2 years ago
In most 3rd world countries you'll find their food and drink prices to be to your taste.
It costs 50 cents for a chicken sandwich and french fries in educator. These low prices suggest that people don't consume as much, not that their food is worth less.
Even though it costs more to buy a sandwich in the US, one US sandwich doesn't buy 10 Ecuadorian sandwiches. The value of your sandwich has nowhere to go but down, but the value of silver is international.
TheMetalPerson 2 years ago
Then why not store essentials like food, medicines and weapons since this will be infinitely more useful in a total meltdown than gold and silver, not to mention safer.
KLguy133 2 years ago