Unfortunately a lot of people who have savings and currency would pay back all the debt which has accumulated since the past year, heavy inflation and currency devaluation will come in play to absorb these debts. For me buying shares and investing in decentralized assets would be a way to escape this already foreseen mess that is already happening.
Helping others who are less fortunate is a nice thing to say. It makes a person sound like they believe in helping others with good deeds. Of the various people I have known who talk about helping others very few actually do. The people who actually help other's don't tend to say much. It's like that line in the Death of a Salesman, "He doesn't need to talk about it, he's doing it." Rev. Ike says the best way to help poor people to to not be one of them. The so called Charities and such are mostly scams. They spend almost none of the money they receive on the Poor. They make a living for themselves. Public Sector, NGO's Churches, etc. get a fortune per poor person and very little of it goes to the poor. People who actually employ, feed, house Treat the poor are Carpenters, Stores and Hospitals, etc.. The County Welfare office does nothing but support itself.
@@turkwelsch Other people often ask me for money. Some say it is for God. When God wants something it won't be the little I have. Having made all creation God's pockets are the deepest. It is people who ask for money for human purposes. If I want to give something it should be for my spiritual development and not some others persons monetary development.
14:05 Delaying paying off your personal home mortgage due to the inflation factor may be all well and good, but on your primary home, if you do not have the capability to cover the mortgage payments in the long term future (i.e. job security), it might be wise to pay down the mortgage while you have the cash. Establish a safety net of money in the bank and then pay off the house. This way you and your family won't be homeless if you lose your job. For any rentals you may have with loans, make the minimum mortgage payment. Currently U.S. tax law allows the interest on income property to be written off as business expense, which reduces your taxable income.
Most people don't research or don't do it properly, My research led me to Ms. Catelyn Norris, a professional broker who offers a way to understand the crypto market.
Even with the use of proper research tools like messari, block folio and others, I still made considerable amount of losses. This was because I was too engrossed in technical analysis leaving out the fundamental factors like tokeneconomics, hash rate, market capitalization which is just stressful for a beginner. That's when I finally decided that a bit of professional advice can prove very helpful.
@@investorharrytrading743 I just received my ROI into my wallet through one of her platforms and I am pretty impressed by her strategies there are just unique, am not gonna to say much, Its healthy to take risk especially when in pursuit of success.
There is a tug of war between deflation and inflation. Retirees paying off debt erases currency from the system and is deflationary.. however the FED is issuing massive amounts to counter the retirees .. if people save the currency it has a deflationary effect. It's when there is a high velocity exchange of funds very quickly you then have to much currency chasing fewer goods and then its inflation out the wazoo..
1. Buy commodities 2. Buy precious metals 3. Buy TIPS 4. Buy crypto currencies 5. Buy stocks 6. Buy real estate including REITs 7. Long term low interest rate debt tied to assets that will appreciate during this period Starts at 9:30 don't put all your eggs in one basket and do your own research!
As a farmer I'll say something else, we are fighting hard to stay afloat but this administration is dead set on shutting us down one blight at a time and with fuel being a total must for us this isn't even the beginning of the hard times coming. And from a former fire/medic view point, PUT YOUR BIG BOY PANTS ON, stash your feelings deep down where they can do no harm, fight to survive if only to train!.
My understanding is that gold really is what currency is based on. It has been since the beginning of civilization and it still is today. Like, our cash is a representative of how much gold a country has. Inflation happens when money is created without the actual physical gold to back it up and because theres no gold backing it up, the money is de-valued. I could be wrong because im not a finance expert but thats the layman explanation given to me a long time ago. So if youre gonna invest in silver and gold, the best way to do so is purchasing actual silver and gold, not on stocks that deal with silver and gold. The actual metals themselves will hold their value, inflation included. If im wrong please correct me
Thanks Ninja! You are correct but the big issue is once the US stopped requiring dollars to be backed by physical gold the money printing exploded. It can just be created out of thin air without any physical gold to back it.
Do you really think banks are going to put up with your 1k mortgage when a loaf of bread is $25? Nope, they will get the govt to allow them to readjust your mortgage according to the inflation rate. You can bet on it.
Good insight! I thought about this very issue while refinancing our home. I agree the Government will meddle with the banks and yes if will affect our low interest loans!
That will be a breach if contract. Massive class action lawsuits. No way. They gonna raise your car payment too? The dollar is dead. Implosion on its way.
@Samir Dončić The Zionist banksters at the privately-owned Federal Reserve control the money supply. Do you think they won't demand that Congress allows them to adjust the mortgage rates according to inflation?
@@luftwaffe6521 The Zionist bankster's PLAN is to destroy America. They control our govt. Just ask Mossad agent Jeffrey Epstein,...if you can find him somewhere in Israel.
Govt bonds after the govt collapses? I don't think so. Bitcoin, the IRS will take half. Land, if you put a 12 ft fence around it to protect your garden. Stocks during a collapse? In what? Real estate? During the Weimar Republic hyperinflation Germans were spending 2% of their income on rent and try to get out a squatter. I would buy things you can barter with, PM's, esp. silver, which are always a good idea, food and supplies.
@Diane, You sound irritated about these stimulus checks. So what would you propose to help thousands of hard working people, pre Pandemic, who lost their income/jobs due to the Pandemic, through NO FAULT OF THEIR OWN?? hmmmmm?? 😵🙄
I don’t know, it seems like whenever the federal government decides to help people, or increase the minimum wage, there always seems to be a concern about debt! But never at any other time, so please help me understand what exactly it is you’re saying saying.
I’m saying that no matter what they do with the money if they keep creating it out of thin air eventually the value of the dollar will go down and inflation will be higher. The point of this video is to share ways to prepare for that situation.
Okay. Common items I normally buy. Dog food Beef and poultry Is condensed soup Noodles Flour sugar Spices and salt Bread Vegetables and Condiments Dairy products Eggs bacon sausage Coffee and coffee filters And basic hygiene products And cleaning supplies Is paper products Gasoline Cable services phone services The only thing that I can see that if I cut it out of my budget would that make much of a difference to my lifestyle This would be cable services. But I have a huge television It costs more than a car It would be kind of strange not to have cable services. But that could compensate for some of the loss I will have to think about this one
Cancel and subscribe to streaming. But don't subscribe to all every month. Every month or 2 switch up the service(s) you sub to get different content. I subscribe to 2 services a month and switch it up as content releases. $20 a month and I have plenty of content to watch. You can save more by using promotions to sign up just need to create new email addresses.
The debt tied to assets sounds good; however, I recall in 2007-2009 banks were calling debt even that in good standing. If I were a banker, I would love for someone to buy and maintain the assets until such time as the assets appreciate significantly at which time I will call the loans en mass. It's improbable most borrowers can come up with the cash in a short period. Thus, I will acquire said assets at a partial price without the headache of maintenance in the interim.
I don’t understand are money is backed bye GDP not gold anymore so if they push out money and people spend it’s just going back to companies so gdp goes up
Where was the concern about the national debt two years ago? Was anybody concerned, before they had to assist people because of the pandemic, was anyone concerned about the national debt?
We created more than 25% of money in the last year. That is not a concern? And yes people have been concerned with the national debt many times throughout history. We can’t keep just creating money with zero consequences. At some point it has to be dealt with.
I never miss any of your videos, always so informative and learning all the time. Good Job, though I prefer trading with the help of a professional trader, I believe it saves me time and reduces the risk involved in managing my trades.
I used forex trading as a side thing but it has proven to been a major source of passive income over since I came across Mrs Shirley Moore, her experience of forex market is unrivaled.
If you aren't holding crypto you will miss out on true decentralized deflationary currency. Everyday it is gaining in popularity and the adoption rate continues to increase.
You don't explain that he makes much more money per hour than he used to, so he could be paying less of his income than he was for pizza. But that doesn't enrage simple people.
Are You saying that the federal government should not have helped people were in dire need it it? So it sounds like since YOU work, everyone else whether they can find a job or not should not have gotten help! Please clarify for me, I don’t want to get the wrong impression
Provident Metals go the DogeCoins one ounce silver rounds in...they will go fast so get em while you can...I just ordered 10 of them, get em while you can
Inflation is the increase in money supply. We are experiencing extreme inflation now. Price inflation is the percentage increase in price of a basket of goods on a year over year basis. You should do some research on the subject so you can speak more professionally.
Seriously bro???Thanks for the advice....didn't realize I had to distinguish between "monetary" inflation and "price" inflation. Maybe you could have the definition updated on investopedia as well...can you send me a link to your video on inflation?
Everyone knows what inflation is, so don't waste our time with this juvenile information. If you have something meaningful to say, say it simply and quickly. Next time get to the point. Robert Castello Dixie General Store Heflin Alabama
Lol..you just told us the value of real estate is going up!!??....no its not the value of the dollar is going down!...you just told us that with the pizza??...wtf!
He explains inflation until 9:30 if you just want the topic material
thank you
thanks bro!
Thanks !
😊
Hahaha good one!
Don't buy anything except necessities and work as much as possible. Ride it out.
Truth!!
Thank you!
PEACE
FREE THINKING
PROSPERITY
BONANZA
OPTIMISM
Food, supplies, barter items and ammo. Work? If you can find it. Grow a garden to survive. Learn a needed skill.
If you spend $ buy silver and gold. Holding fiat is foolish
Unfortunately a lot of people who have savings and currency would pay back all the debt which has accumulated since the past year, heavy inflation and currency devaluation will come in play to absorb these debts. For me buying shares and investing in decentralized assets would be a way to escape this already foreseen mess that is already happening.
I honestly would like to know If i can get a professional to help with building a portfolio and grow decentralized assets.
@colin Oh wow😮… This is incredible. I once listened to Lori Ava Russells interview on a podcasts sometime. I didn’t think she was known as much
Many may never discover the value of taking 10% of one's income and investing it in helping others less fortunate than themselves. Malachi 3 : 10
Helping others who are less fortunate is a nice thing to say. It makes a person sound like they believe in helping others with good deeds. Of the various people I have known who talk about helping others very few actually do. The people who actually help other's don't tend to say much. It's like that line in the Death of a Salesman, "He doesn't need to talk about it, he's doing it." Rev. Ike says the best way to help poor people to to not be one of them.
The so called Charities and such are mostly scams. They spend almost none of the money they receive on the Poor. They make a living for themselves. Public Sector, NGO's Churches, etc. get a fortune per poor person and very little of it goes to the poor.
People who actually employ, feed, house Treat the poor are Carpenters, Stores and Hospitals, etc.. The County Welfare office does nothing but support itself.
Less fortunate or less ambitious?
Under the law of Moses it was 30% stop robbing God!
@@turkwelsch Other people often ask me for money. Some say it is for God. When God wants something it won't be the little I have. Having made all creation God's pockets are the deepest. It is people who ask for money for human purposes. If I want to give something it should be for my spiritual development and not some others persons monetary development.
Hunger is the best teacher.
PEACE
FREE THINKING
PROSPERITY
BONANZA
OPTIMISM
"Too much money chasing too few goods", that's how I understand it.
Yes that is a good way to describe it.
Plenty of chickens and cows but the keep going up in price?
14:05 Delaying paying off your personal home mortgage due to the inflation factor may be all well and good, but on your primary home, if you do not have the capability to cover the mortgage payments in the long term future (i.e. job security), it might be wise to pay down the mortgage while you have the cash. Establish a safety net of money in the bank and then pay off the house. This way you and your family won't be homeless if you lose your job.
For any rentals you may have with loans, make the minimum mortgage payment. Currently U.S. tax law allows the interest on income property to be written off as business expense, which reduces your taxable income.
Thank-you. I was having a hard time believing it wasn't advantageous to pay down your primary mortgage faster in anticipation of inflation.
Do you realize how they measure inflation? They don’t include food or energy.
Yes it is called Core CPI. They exclude food and energy because the prices are very volatile and hard to measure in the short term.
@@SchoolofPersonalFinance Oh Bullshit !
trading as we know it requires lots of practice, In crypto traders either make or loss their life savings in couple of minutes.
another reason I decided to stick with Fiat and Stocks trades only. My doubts on these alt-coins are backed with substantial reason.
Most people don't research or don't do it properly, My research led me to Ms. Catelyn Norris, a professional broker who offers a way to understand the crypto market.
@@investorharrytrading743 honestly this won't be the first time am coming across Ms. Catelyn, seems her reputation precedes her.
Even with the use of proper research tools like messari, block folio and others, I still made considerable amount of losses. This was because I was too engrossed in technical analysis leaving out the fundamental factors like tokeneconomics, hash rate, market capitalization which is just stressful for a beginner. That's when I finally decided that a bit of professional advice can prove very helpful.
@@investorharrytrading743 I just received my ROI into my wallet through one of her platforms and I am pretty impressed by her strategies there are just unique, am not gonna to say much, Its healthy to take risk especially when in pursuit of success.
12:41- real estate
13:48- debt
Spend wisely, this to shall pass.
There is a tug of war between deflation and inflation. Retirees paying off debt erases currency from the system and is deflationary.. however the FED is issuing massive amounts to counter the retirees .. if people save the currency it has a deflationary effect. It's when there is a high velocity exchange of funds very quickly you then have to much currency chasing fewer goods and then its inflation out the wazoo..
You are an awesome teacher. Just found your site. And so confused with understanding our systems
Thanks Cherrie! I appreciate that 👍🤑
Excellent information mate, we are all talking about this here in Australia also, Australia follows U.S, interesting times ahead
Thanks mate
Thanks Nate!! Appreciate it. I hope to visit you one day!
Deep state banking system!
1. Buy commodities
2. Buy precious metals
3. Buy TIPS
4. Buy crypto currencies
5. Buy stocks
6. Buy real estate including REITs
7. Long term low interest rate debt tied to assets that will appreciate during this period
Starts at 9:30 don't put all your eggs in one basket and do your own research!
1965--pizza was 25 cents a slice.
13:50 👌 making the system work for you is the best way to be on the top of what IS coming
Truth!!👍🤑👊
As a farmer I'll say something else, we are fighting hard to stay afloat but this administration is dead set on shutting us down one blight at a time and with fuel being a total must for us this isn't even the beginning of the hard times coming.
And from a former fire/medic view point, PUT YOUR BIG BOY PANTS ON, stash your feelings deep down where they can do no harm, fight to survive if only to train!.
I wouldn't want your rates in 5 years when they get adjusted and selling is impossible
Rates on what?
My understanding is that gold really is what currency is based on. It has been since the beginning of civilization and it still is today. Like, our cash is a representative of how much gold a country has. Inflation happens when money is created without the actual physical gold to back it up and because theres no gold backing it up, the money is de-valued. I could be wrong because im not a finance expert but thats the layman explanation given to me a long time ago. So if youre gonna invest in silver and gold, the best way to do so is purchasing actual silver and gold, not on stocks that deal with silver and gold. The actual metals themselves will hold their value, inflation included. If im wrong please correct me
Thanks Ninja! You are correct but the big issue is once the US stopped requiring dollars to be backed by physical gold the money printing exploded. It can just be created out of thin air without any physical gold to back it.
@@Violet._.PhoeniX Yeah. Nixon in 1971 destroyed the gold standard...
Do you really think banks are going to put up with your 1k mortgage when a loaf of bread is $25? Nope, they will get the govt to allow them to readjust your mortgage according to the inflation rate. You can bet on it.
Good insight! I thought about this very issue while refinancing our home. I agree the Government will meddle with the banks and yes if will affect our low interest loans!
That will be a breach if contract. Massive class action lawsuits. No way. They gonna raise your car payment too? The dollar is dead. Implosion on its way.
@Samir Dončić The Zionist banksters at the privately-owned Federal Reserve control the money supply. Do you think they won't demand that Congress allows them to adjust the mortgage rates according to inflation?
It is true. You are exactly right. Y oh just described what happened in 2008.
@@luftwaffe6521 The Zionist bankster's PLAN is to destroy America. They control our govt. Just ask Mossad agent Jeffrey Epstein,...if you can find him somewhere in Israel.
Price increases isn’t inflation. Money supply increase is inflation. Price increase is a symptom of money supply increase
Govt bonds after the govt collapses? I don't think so. Bitcoin, the IRS will take half. Land, if you put a 12 ft fence around it to protect your garden. Stocks during a collapse? In what? Real estate? During the Weimar Republic hyperinflation Germans were spending 2% of their income on rent and try to get out a squatter. I would buy things you can barter with, PM's, esp. silver, which are always a good idea, food and supplies.
Inflation is already here and now.
Sure feels like it is.
What about exchanging the USD Dollar for Euro ?
Dear Sir,
This is Very Constructive.
Thanks 🙏
Interesting and timely topic. It appears the government is not worried about paying back this debt and just keeps handing out money - scary.
Scary is a good way to describe it!!
@Diane, You sound irritated about these stimulus checks. So what would you propose to help thousands of hard working people, pre Pandemic, who lost their income/jobs due to the Pandemic, through NO FAULT OF THEIR OWN??
hmmmmm?? 😵🙄
I don’t know, it seems like whenever the federal government decides to help people, or increase the minimum wage, there always seems to be a concern about debt! But never at any other time, so please help me understand what exactly it is you’re saying saying.
I’m saying that no matter what they do with the money if they keep creating it out of thin air eventually the value of the dollar will go down and inflation will be higher. The point of this video is to share ways to prepare for that situation.
Okay. Common items I normally buy. Dog food Beef and poultry Is condensed soup Noodles Flour sugar Spices and salt Bread Vegetables and Condiments Dairy products Eggs bacon sausage Coffee and coffee filters And basic hygiene products And cleaning supplies Is paper products Gasoline Cable services phone services The only thing that I can see that if I cut it out of my budget would that make much of a difference to my lifestyle This would be cable services. But I have a huge television It costs more than a car It would be kind of strange not to have cable services. But that could compensate for some of the loss I will have to think about this one
Cancel and subscribe to streaming. But don't subscribe to all every month.
Every month or 2 switch up the service(s) you sub to get different content.
I subscribe to 2 services a month and switch it up as content releases. $20 a month and I have plenty of content to watch.
You can save more by using promotions to sign up just need to create new email addresses.
This sounds like good advice for rich people.
You want to beat inflation,100 percent start networking with one another sharing not always taking,bingo we have a winner...
good information. at this stage in life i don't want to be a land lord. maybe i'll invest in Rets.
I hear ya...I pay property managers to deal with the day to day but it is still a headache.
PEACE
FREE THINKING
PROSPERITY
BONANZA
OPTIMISM
Do Airbnb instead
Improving my knowledge with your videos. Thanks a lot.
Thanks Ruben!! So happy to hear that!
PEACE
FREE THINKING
PROSPERITY
BONANZA
OPTIMISM
The debt tied to assets sounds good; however, I recall in 2007-2009 banks were calling debt even that in good standing. If I were a banker, I would love for someone to buy and maintain the assets until such time as the assets appreciate significantly at which time I will call the loans en mass. It's improbable most borrowers can come up with the cash in a short period. Thus, I will acquire said assets at a partial price without the headache of maintenance in the interim.
Sorry i try to be debt free this time . I turn to precious metals to return debt based euro,s into payment .
I don’t understand are money is backed bye GDP not gold anymore so if they push out money and people spend it’s just going back to companies so gdp goes up
Pizza is a good example. It's now 300% more. Another consideration is good pizza is not available in most areas. 🤪
I’m going to get me some good pizza tonight!!!
Do you include Government Genie May Mortage Securities in your RE mix ?
Where was the concern about the national debt two years ago? Was anybody concerned, before they had to assist people because of the pandemic, was anyone concerned about the national debt?
We created more than 25% of money in the last year. That is not a concern? And yes people have been concerned with the national debt many times throughout history. We can’t keep just creating money with zero consequences. At some point it has to be dealt with.
Thank you for your Honest perspective
Thanks! 👍
"Diversification is selling the winners to buy the losers" - gigaChad
DCA across time in Bitcoin
Thank You for this information 👍
👍🤑👊
Four minutes in and I still haven’t heard any tips
8:37 mad respect
👍
Hey I was born in 1978 also August. So glad I have my hair
Lost mine a long time ago. Going bald sucks…being bald is no biggie.
Great informative video.
Thanks Anna!! Hope all is well.
PEACE
FREE THINKING
PROSPERITY
BONANZA
OPTIMISM
I never miss any of your videos, always so informative and learning all the time. Good Job, though I prefer trading with the help of a professional trader, I believe it saves me
time and reduces the risk involved in managing my trades.
I used forex trading as a side thing but it has proven to been a major source of passive income over
since I came across Mrs Shirley Moore, her experience of forex market is unrivaled.
I have seen a couple of good reviews about this same trader across multiple comments on UA-cam though am yet to
give her a trial.
My current situation loosing a lot and gaining little sick of it, I need you to link me to your Mrs Shirley Moore.
I really love her honesty and consistency in making profits, am glad to see other investors right here talking about
her competency.
@@dicksonkelvin4128 you can reach her on her telegrm. @investwithshirleymoore
Great video ....thx!
Thanks J Thang!!
property taxes salaries electricity all went up
Good job
Thank you Todd!!
If you aren't holding crypto you will miss out on true decentralized deflationary currency. Everyday it is gaining in popularity and the adoption rate continues to increase.
Sorry, don't believe housing is going up in hyperinflation. People will not afford rent at the price of today.
Did you spend/invest your stimulus check? 🙄🙄
You don't explain that he makes much more money per hour than he used to, so he could be paying less of his income than he was for pizza. But that doesn't enrage simple people.
You can't say " you see it at CNBC" & not make me think you are not totally well informed :)
This video explains nothing about how to fight inflation right now. Good luck buying real-estate.
Inflation is here. Ask any businessman.
PEACE
FREE THINKING
PROSPERITY
BONANZA
OPTIMISM
Are You saying that the federal government should not have helped people were in dire need it it? So it sounds like since YOU work, everyone else whether they can find a job or not should not have gotten help! Please clarify for me, I don’t want to get the wrong impression
I’m not saying that at all…what gave you that impression?? Where did you even get that from because I didn’t say anything like that.
Don't have kids right now.
I’m trying to give mine away 🤪
Provident Metals go the DogeCoins one ounce silver rounds in...they will go fast so get em while you can...I just ordered 10 of them, get em while you can
Learn to barter.
Oh please stop with the Bla Bla Bla and just do what your video title says; "How to prepare for the Coming Rise" .
Don't waste time watching the first 9:30 minutes. He says a lot of shit to waste your time and increase viewing time to get paid. 👎
Inflation is the increase in money supply. We are experiencing extreme inflation now. Price inflation is the percentage increase in price of a basket of goods on a year over year basis. You should do some research on the subject so you can speak more professionally.
Seriously bro???Thanks for the advice....didn't realize I had to distinguish between "monetary" inflation and "price" inflation. Maybe you could have the definition updated on investopedia as well...can you send me a link to your video on inflation?
@Glen H. Really bad attitude. He's done a brilliant video and it makes perfect sense.
Everyone knows what inflation is, so don't waste our time with this juvenile information. If you have something meaningful to say, say it simply and quickly. Next time get to the point. Robert Castello Dixie General Store Heflin Alabama
Yes sir. Glad I have you to tell me what to do.
PEACE
FREE THINKING
PROSPERITY
BONANZA
OPTIMISM
Lol..you just told us the value of real estate is going up!!??....no its not the value of the dollar is going down!...you just told us that with the pizza??...wtf!
PEACE
FREE THINKING
PROSPERITY
BONANZA
OPTIMISM