Inflation Is More Dangerous Than WW3
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 19 October 2022
⏱️ 58 minutes
🧾️ Download transcript
Summary
Yes I said it. Inflation is more dangerous than WW3. Don't believe me?
Did you live through the 1970s inflation? what about the 1920s in Germany? or 2008 inflation in Zimbabwe, or Venezuela right now?
If you look at history (or the present) you will notice that hyperinflation destroys not only the economy, but the country. The German 1920 hyperinflation is one of the factors that led to WW2. We lay out the entire thesis during the show this week and why you need to be prepared. Join us to learn more.
Today's Panelists:
Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners
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For more information, visit the show notes at https://moneytreepodcast.com/beware-of-inflation-is-more-dangerous-than-ww3
Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.0 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:10.0 | Hello, Smart Money Tree Podcast listeners. |
| 0:12.0 | Welcome to this week's show. |
| 0:13.0 | My name's Kirk Chisholm and I will be your host. |
| 0:16.0 | So today I'm once again joined with my good friend Doug Hagrin. |
| 0:19.0 | Hey Doug. |
| 0:20.0 | Hey, Kirk. Another good day being with you and we're live. So this is a new, this is a paradigm shift in the way we've been doing this podcast. So it's exciting to be here and have every mistake that we may get recorded, you know, brought back to us in the future. For prosperity sake, yes. And just for the listeners reference, this week, we're doing our first LinkedIn live event. So for those of you on LinkedIn around this time, on Friday at 1, if you want to go to my LinkedIn page, you can check out. There'll be an invitation for the live event. Eventually, we'll also be on YouTube. But since we're technologically in some places, that may take a few weeks. |
| 0:55.4 | Just wanted to let everyone know that you can check us out there Fridays at One Eastern, |
| 1:00.8 | or you can get the invite via LinkedIn, and if it's a different time, it'll let you know. |
| 1:05.5 | Let's kind of dive down the road here. |
| 1:08.0 | So, Doug, you know, we've been talking for a number of weeks, quite a few months, |
| 1:12.5 | actually, about inflation. And, you know, I think for those of the listeners who have not heard |
| 1:18.2 | the initial inflation talk, we wanted to kind of bring it back to basics a little bit. |
| 1:23.4 | And then we'll dive into the recent news. There's a lot in the news talk about. But let's kind of get back into the basics. |
| 1:28.9 | So where should we start, Doug? |
| 1:30.3 | There's a lot of confusion about what inflation is. |
| 1:34.5 | I mean, obviously, people are feeling it right now. |
| 1:36.6 | It's kind of joking to you about before we went on. |
| 1:38.5 | I mean, one of the politicians was mentioning how expensive his lunch was to run to Taco Bell. So I don't think anybody is |
| 1:44.3 | immune to feeling that things have definitely gotten more expensive. And going in winter, |
| 1:49.3 | there's been talk about the impact of inflation on heating bills. So definitely going to see more |
... |
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