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LEARN ABOUT: Investing During Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
In recent years, inflation has been a quiet concern for many individuals and families. However, the current economic climate is signaling that a potential inflation “supernova” is on the horizon, and it could have a significant impact on our savings and financial stability.
Inflation occurs when the prices of goods and services rise, causing the purchasing power of money to decrease. This means that the money we have saved and the income we earn will not go as far as it once did. In recent months, there has been a surge in inflation rates, driven by a variety of factors including supply chain disruptions, rising energy costs, and increased consumer demand.
The Federal Reserve has also played a role in fueling inflation, having kept interest rates at historically low levels and increasing the money supply through various stimulus measures. While these policies were meant to support the economy during the COVID-19 pandemic, they have also contributed to the current inflationary pressures.
So, what does this mean for your savings? Well, as prices continue to rise, the value of your savings will diminish. This is particularly concerning for those who have been diligently saving for retirement, education, or other long-term goals. Inflation can erode the purchasing power of your savings, making it more difficult to achieve your financial objectives.
Additionally, if you have a fixed-income or rely on savings for income, inflation can have a significant impact on your standard of living. As prices rise, the amount of goods and services you can afford decreases, putting a strain on your budget and potentially forcing you to dip into your savings more frequently.
So, what can you do to protect your savings from the impending inflation “supernova”? First and foremost, it’s important to stay informed about the economic climate and make adjustments to your financial strategy accordingly. This may include diversifying your investments, considering assets that historically have performed well during inflationary periods, such as commodities, real estate, and inflation-protected securities.
You may also want to revisit your budget and look for ways to reduce expenses and increase your income. This could involve cutting unnecessary spending, negotiating better deals on recurring expenses, or exploring opportunities for additional income through a side hustle or part-time work.
Finally, consider speaking with a financial advisor to get personalized guidance on how to navigate the challenges of rising inflation. They can help you assess your current financial situation, identify potential areas of risk, and develop a plan to protect your savings and investments.
While inflation may seem intimidating, being proactive and staying informed can help you mitigate its impact on your savings. By being mindful of the economic trends and taking steps to safeguard your financial future, you can weather the inflation “supernova” and preserve the purchasing power of your hard-earned savings.
It will get worse and I dont think it will get any better if ever
Inflation is the perfect way to get rid of small business. They cant keep up and carry the kind of debt that big businesses can.
If all are rich who will work so you're opinion
INFLATION, tax on currency without representation, banks create more Have Nots to support Bankers that Have Yachts!
Larry Fink tells the ALL governments what to do and say this man has made SO much money off of TWO wars and other things as well. This man is a control freak
The railroad yard where I live is emptying. It is a major hub in the system and there's no traffic. Things are going to be bad.
When in history have the majority of prices or cost of goods ever become less expensive?
@8.32 – Royal LePage is a real estate brokerage firm – of course they will paint a optimistic picture. They need those commissions to keep rollling in via sales, listings, and leasing.
Are you in monk mode ?
Thank you, David, for another informative video.
Anecdotal observation. Store brand (Krogers) box of Raisin Bran cereal WAS $1.99 roughly a year ago. Yesterday, the price was $2.99. That's a 50% price increase.
Those operating costs on that burger joint are insane.
Two crunchy tacos at Jack in the box 1.99 today in 2020 they were .99 cents yeah prices of fast food will no longer be cheap especially here in CA
The people who put everything on a credit card are the most likely to eat out often. Soon enough, they will be denied and / or have their credit destroyed. They will not be going to restaurants after that. Unfortunately for restaurant owners, their clients are typically not financially responsible.
UBI & CBDC worldwide by 2026, courtesy of the folks in Davos & WEF. You will own nothing, buy nothing without permission & be happy.
Restaurant food prices will absolutely stick. Not coming down.
Твоя аналитика ничего не стоит, потому что ты рассказываешь дремучую чушь и про Рашу, в которой нет никакой другой экономики, кроме продажи нефти и газа, которые благодаря западным санкциям упали на десятки процентов. И про США, выдумывая какой-то идиотский искусственный язык, чтобы не называть эмиссию ФРС прямыми словами. Ты даже не говоришь, что ФРС – это не Центральный государственный банк, а чисто частная организация, ничего никогда никому не гарантирующая. США уже начали разваливаться и экономически и политически – благодаря многолетним и упорным усилиям ФРС. Оставившем американцев только с ничего не стоящими бумажными фантиками вместо реальных заработанных трудом долларов. Если США не производят даже джинсы – переименуйте тогда собственную страну в Наркоманию или в Криминалию – это будет точнее отражать ваше текущее положение. Все США провоняли марихуаной.
Fake Money World Wide Make It A Nuclear END One Way OR The Other @ 39 CPM Fluoride In The Water By LAW ? Why ? Control
I would have Uranium stocks if it weren't for the regulation that prevents me from doing so.
The BTC ETFs are going to be used by big market makers to manipulate bitcoin prices. Just as they use Gold and Silver ETFs to manipulate the prices of metals.
I suspect more restaruants going out of buisness .
Don't worry guys. It's not a recession, but it'll feel like a Depression.
OUR US GOVT OF CRIMINAL WAR FRAUDS!
BE ON THE LOOKOUT FOR OUR US GOVT TO THE LAUNCH…THEIR FALSE FLAG WAR
IN THE US!
The EU is bringing in a carbon border tax, any products made abroad that are cheaper will be taxed to make them the same price as if they were made in the EU. Bye bye cheap electronics.
TY Money GPS for great information to start my day with!
“Two sets of books, like the mafia” what could be more true! Thanks David, you always tell it like it is!