Official inflation figures are falling around the globe. Here’s what Jerry thinks.
Topic: The impact of rising inflation in both Syria and Iran.
This week’s show includes latest on the ECB and the Fed, plus an update for swing traders and precious metals investors.
Inflation is the biggest risk to any retirement savings plan, and woe to any retiree who underestimates its effects. Inflation is the increase in the money supply, which results in a sustained increase in the price of goods and services over time. Most experts agree that retirees need to assume an annual inflation rate of 3-4%, but a good retirement plan should account for periods of high inflation as well.
The income of the typical American family—long the envy of much of the world—has dropped for the third year in a row and is now roughly where it was in 1996 when adjusted for inflation.
We believe that the Fed is ultimately planning to print more money in the form of another round of quantitative easing. However, the Fed wants the population to feel like they desperately need it. Therefore, as a prerequisite to “QE3″, stocks must be decreasing and retirement accounts must be plunging. If the majority of America’s 401(k)’s are going down in value, then the Fed would be applauded for its money printing. If the financial markets are healthy, then the Fed would be demonized for its massive influx of new cash into the system and subsequently blamed for inflation.
Wal-Mart CEO, Bill Simon, is sounding the alarm of what he is calling a coming wave of “serious” inflation that he says will strike U.S. consumers in the coming months. f
You walk up to the gas pump and check the price. $7.94 per gallon the meter reads. You shrug and begin to fill up your tank, watching in numbed silence as the numbers race by. By the time you’re done, the total cost to fill up your tank of gas is $238.20. A fantasy?
In Israel, the heat is on… In a rare turn of events, the U.S. has told Arab governments that it will stand in agreement with them in issuing a U.N. Security Council.
Today, President Obama delivered his proposed 2012 budget to Congress… Total: $3.73 trillion in Federal spending for fiscal year 2012… Includes spending cuts and tax increases…
This Week’s Topic: The Battle for Egypt. This week’s special guest interview: L.A. Marzulli. Follow the Money Weekly Radio is a financial radio show about the stock markets, commodities, energy investing, the global financial crisis, where to invest money, where to buy gold and silver, saving money, finding a financial advisor, and paying off debt. Hosted by economist and best-selling author, Jerry Robinson. For the best in financial news, listen to the Follow the Money Weekly Financial Radio Show.
This Week’s Topic: How (And When) The Dollar Will Collapse. This week’s special guest interview: Bill Provenzano known as the Christian Trading Coach. Follow the Money Weekly Radio is a financial radio show about the stock markets, commodities, energy investing, the global financial crisis, how to prepare for the coming hyperinflation, where to invest money, how to buy gold, how to buy silver, saving money, finding a financial advisor, and paying off debt. Hosted by economist and best-selling author, Jerry Robinson. For the best in financial news, listen to the Follow the Money Weekly Financial Radio Show.