Warren Buffet says only 1 in a million understands the complexities of inflation. Do you think you're that special one? Inflation is about to be a very real part of life, with the Feds printing money left and right to get themselves and much of the U.S. population out of a looming financial crisis. In this episode we invite you to put on your thinking cap and get down to business with us while we break down the basics of inflation and what that means to you in your life.
In this episode:
Warren Buffet’s take on inflation [1:00]
Dictionary definition of inflation [3:00]
Why are prices coming down? [8:00]
What other factors affect inflation? [15:00]
What is bullshit!? And how it relates… [29:00]
Currency in Circulation [33:00]
Historic price of gold [38:00]
Looking at the money in circulation, and home prices last 30 years [40:30]
The math: Comparing bond buyers and sellers [42:30]
The cruelty of inflation [44:00]
What inflation means in real life [55:00]
How to protect yourself [1:03:30]
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