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Financial Friday: Hard Assets vs Paper Promises
Description
FF: Hard Assets vs. Paper Promises
Why are countries selling their U.S. bond holdings and repatriating their gold? How can you store the value you have created for long periods without losing purchasing power? Barter is an exchange of value for value, but using currency is easier. However, the longer you hold currency, the less it can buy. We cover currency, inflation, net operating income, war, and fiscal responsibility. We also cover the sunk-cost fallacy, what the Bank of France is doing now, and the difference between the letter of the law and doing what is logically right in a situation. With the conflicts and changes in the world today, you need to prepare yourself and your family for difficult times ahead. Learn how you can set yourself up to make your world a better place!
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