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Inflation Just Getting Started -- Russell Stone #5900 · Financial Survival Network

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  And they would say that inflation in the really deflationary because at the end of
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  the day you do you have less discretionary income to spend at the end of
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  the month. That is deflationary of your world, but at least a price
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  destruction. So as currency or fiat currency springs, than guess what the prices
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  go with it. It's the expansion of the money supply that creates inflation.
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  So when you had the contraction of the mind supply, you get the opposite.
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  You're listening to carry Letts's Financial Survival Network, where you get valuable information
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  you just can't find anywhere else to thrive in today's trying times. You need
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  the Financial Survival Network now more than ever. Go to Financial Survival Network dot
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  com and get your free newsletter and gift. Financial Survival Network now more than
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  ever, and welcome you are listening to watching the Financial Survival Network. I'm
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  your host Carry Letts. Well today on September fourteenth, we got the PPI
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  numbers, and I guess if you're worried about inflation, they were probably pretty
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  good. If you're worried about the economy, they're probably pretty bad. But
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  let's figure it out together. Russell Stone is on with us. You find
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  him at Granton c R A n t O NFG dot com and if you've
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  got a question or comment, shoot me an email k l at Kerrelutz dot
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  com. PPI numbers. After following up the CPI numbers the other day,
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  Russell, what is the picture. Well, my expectation, and it's been
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  pretty consistent, is we've had inflation in the last two years because of what
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  the government is doing a relative to printing money, relatives and now raising itchest
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  race to five outs inflation. But the end of the day, the consumers
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  not cooperated. They're not showing up buying things. So the price in structure
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  is going to now go down across the boards. That can happen even in
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  a support But you're going to have the things that are the greatest demand,
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  they're going to stay up for prices the longest. But the things that are
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  not in demand, like cars and houses and stuff like that, you're gonna
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  see those prices start to come down. As as we act, we're seeing
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  it in the housing sector. The housing market is slowly moving down. The
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  cars are moving much faster. As far as the price and use cars induce.
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  Cars the demand on both cars and housing is changing draft because betrayed in
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  flighting and rising interest rates, people don't have the extra money to buy things,
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  is very obvious. Pretectingly go into stores, restaurants, supermarkets, stuff
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  like that, all right. So it's a question of things that you need
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  and things that you want right right right, things that indeed you're going to
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  pay a higher price for a longer period of time. The things that don't
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  need, those things are going to acumulate, and they're going to come down
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  faster as the inventories need to be paid. Eight four and then moved on
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  PreTect We're coming up on a new season. We're coming out by the winter
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  season. So you've got holiday changes coming, You've got you know, seasonal
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  changes coming, you've got school changes, talent, and the inventories are gone
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  from the previous summer. In the spring, they're still out there in the
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  shelves, all right. So so what's happening. Is this the start of
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  the long dreaded, long awaited recession. Yeah, I kind of laugh when
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  people say recession when you got Europe is clearly in a recession. Germany is
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  on the verge of a depression. Chatta's economy has contracted a multiple three times.
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  Right, Russia is in the middle of a war with Ukraine, and
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  they somehow think that we're not going to We're not in a recession already.
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  You really have to work hard to believe that we are in a recession already.
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  We're going through a much needed deflacetionary psycle which will squeeze out all the
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  unnecessary credit that is in the system. The deable into details is the excess
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  credit. The world is drunk on debt and in the cost of the debt,
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  and the fact that it's robin production is the problem that we're having.
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  The cost of interest is just killing the economy that's gotting paid by somebody.
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  All right, So are you telling me that the that the inflationary scare is
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  over, the cycle has been broken, and now now we'll just see lower
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  prices or stable prices. You're really thinking that, Well, I here's the
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  argument in Elliott wave theory would make this argument as well, and they would
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  say that inflation and the really deflationary because at the end of the day you
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  do have less discretionary income to spend at the end of the month, that
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  is deflationary of your world. But at least a price destruction. So as
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  currency or fiat currency springs, then guess what the prices go with it.
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  It's the expansion of the money supply that creates inflation. So when you had
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  the contract of them supply, you get the opposite, you get deflation.
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  In every eighty years or so we go to an deflationary cycle seventeen eighteen,
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  eighteen thirty five, nineteen twenty nine. Well, here we are doing all
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  over again for the same reasons. The politicians don't have a way to grow
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  the economy with and keep it in the confines of gold. So gold,
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  this is supporting our currency, north can it? Because there's this stimity transaction
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  has taken place in our dollar to contain it to gold needs to went on.
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  That out what happens if we got this deflationary thing going on and then
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  oil breaks one hundred dollars a barrel, people will drive all out less.
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  They'll ride bikes, they ride motorcycles and mopeds. So might is a good
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  investment then huh, Well, it's just people will look down to it.
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  Right when prices spiked out, you know, small hard sales went through the
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  road. Go back to the seventies, yeah. Remember when we're driving around
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  a big old chevies and caddies and forwards they are being heavy and lucky.
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  And then Japan started making these smaller, more fuel effishing cars. Well then
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  he oil embargo ahead and seventy four and it changes thinking of everybody. Everybody
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  starting to gravitate towards smaller vehicles. We always adapt. That's a good thing
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  about the American markets is we will adapt if oil prices go too high and
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  more people are going to burn woods or the look for alternative ways to heat
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  their house. We're pretty creative when it comes to reacting to what the econ
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  and he is throwing at us. And this will be no different. If
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  oil prices go too hig, people are going to do something different to supply.
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  Oil will go off the charts. The price will come down, all
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  right. So so I thought Biden was doing like such good things. He's
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  bringing the deficit down. I mean, look, he brought our troops soon
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  from Afghanistan in a week. Isn't he like good things? Here? He's
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  got five degrees, all right, two of them doctors degree. It's one
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  of a pet and Florence's classes all right, so we know not to listen
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  to mister Biden. He hasn't done anything right in my opinion, relative to
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  the economy or foreign affairs. We need to get past the Biden thang and
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  move on to the next chapter in this country's history. Okay, so enough
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  of the levity now. The way you deal with these people is praise their
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  failures, right, praise theorious, condemn our successes. The way you get
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  to these guys is you stopped watching the media outlets that that that don't do
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  their job. Yeah, we need real, real journalists to expose the crush.
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  And when you have a politician that sit there, not a journalist that
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  literally it will sit there. I say there's no evidence of any corruption between
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  Hunter Biden and Joe Biden and say it with a straight face, then you
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  know that person is bought and paid for, right. Yeah, you have
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  politicians saying that as well, some of them on always. I thought he
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  was doing a great job here. He really is. First my bubble here,
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  Russell. You know, like they know they love coming to stand.
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  It does somebody's list. Jeez, man, I thought like bringing the troops
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  home in a week was a good thing. But I guess I was wrong.
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  You know, well, here, here's what's wrong with that. He
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  brought the troops home, but he left the citizens in Afghanistan and all the
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  all the tanks and blades and everything else. Yeah, so much for nation
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  building a really good policy. This is a uniparty at work, weakening the
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  country, fracturing the resolve of the citizens, and basically bringing us down to
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  the lowest common denominator. So what Russell is the solution here on an individual
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  level, because whatever Washington does, there's nothing we can do about anyway except
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  hopefully vote, And who knows what that's worth. If it's worth anything,
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  we could debate that till the cows come home. But you got to be
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  able to do something to protect your wealth and save yourself from the from these
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  maniacs. Right, Yeah, So the greatest wealth ever created is in this
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  environment, and the greatest wealth destroyed is in this environment. So the ideas
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  you want to be proactive to not reacted. Don't wait until the tide away,
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  Niche, don't wait until the problem is so big that you can't handle
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  it. What you need to do is understand this real money versus fake money.
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  I want to have as looks real money in my possession as bossible gold
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  and silver. Why do you want to them own silver over gold because the
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  ratio is eighty five to one right now, free can buy getting five silver
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  coins for everyone else a goal all day long. When the racio goes back
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  to fifteen to one, sell after silver, buy gold. You'll have three
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  times more gold than you would have a you started out with all goal,
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  get it if you could get either one. If it gets to that point,
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  Russell, you know it might reach a point where you can't buy gold
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  and silver for any money right right, So you don't want to have them
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  debt, pay off short term debt, and you don't want to have any
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  unnecessary market exposure. It depends on what age you are, but if your
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  approach to retirement, you really need to step aside, in my opinion,
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  and just let the markets do what they're gonna do and come back in at
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  the bottom and really hit a home run. Buy low, sell high.
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  If you can't accumulate gold and silver because you don't have a resource, you'll
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  give me a call. I'll help anybody buy gold and solver while it's available.
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  I don't charge for it. I do it as a service to clients
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  and people. But at the end of the day. You have to be
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  cognisant of your debt. You don't want to have unnecessary debt. It's not
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  the time to go out and buy a car right now. It's better to
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  save your money. And one of the things that people should consider rather than
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  banks have too much money in banks, is to put money in a government
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  backed money market account that all the US is Treasury bills T bills owning there's
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  you have out there. They're paying five percent roughly right now, they're one
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  hundred percent liguate, there's little or no The fees are like point four seven
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  and you're grossing five percent right now. If interest rates continue to go,
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  great place to have money. You can link it to your bank so that
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  you can add the least amount of money in the bank and the lost amount
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  of money directly backed by the US government. FDIC Insurance has one hundred and
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  twenty billion dollars to protect about ten throwion dollars. Not nearly enough. All
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  right, that should work out, okay, right, Yeah, it's comes
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  out to one point two eight pennies per dollar that they have to protect.
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  So people shouldn't feel too good about FDIC insurance. Buy them print money,
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  So there's print a difference, right, but the only can print to the
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  demand of the commercial lad it. So the commercial lending isn't lendon because the
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  interest rates and now do I the government has handcuffs on them. They really
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  can't print any money right now? Yeah, all right, you're making us
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  feel too good here. So we're going to survive this thing or is it
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  commit bigh event? The Silver War was much worse. We have been in
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  worse times than this. But America has to wake up. You know,
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  we got lazy, we got sloppy. We didn't pay attention to who we're
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  elected. We didn't test them at all as far as their constitutional commitments.
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  We got quite judges that are that are useless in my opinion. So we
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  need to wake up and we'll go back to what made us a great country.
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  All right? Amen to that, brother, Thank you Russell. So
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  it's GRANTONFG dot com. That's where you find Russell questions comments, k l
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  at terry LUTs dot com. The link to Russell's site is on our site
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  Financial Survival Network dot com and the show notes to this interview. While you're
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  there, sign up for your free newsletter Russell A Pleasure Thanks so much for
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  stopping by. Thank you, thanks for listening to carry It's a financial survival
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  network, your solution to today's trying times. For the latest, go to
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  Financial Survival Network dot com. Financial Survival Network now more than ever,