New edition of the Preparedness Podcast! It’s been nearly 4 months since the last episode. Why? Mostly financial (other factors include time, and a bad mobile mic). Now, we’re on a new server with cheaper bandwidth, so we’ll see how it goes.
I’ve also installed new tracking on the podcasts and I can see that even though I haven’t put out a new show in a while, the podcast continues to draw new people to it. I take this to mean that there are more and more people looking at the state of the world and deciding that being better prepared might be a good thing.
To all of you new listeners, welcome!
To all of you who are past listeners, welcome back!
Main focus of the coming shows will be focusing on Getting Ready for Hyperinflation and Preparing for the Coming Economic Collapse. As it stands right now, the two main camps of thought are we’re either heading for deflation or we’re headed for hyperinflation. There are a few that think that we’re having deflation now and The Fed is fighting it with hyperinflation; which is enough to make you lose sleep just thinking about that one.
Just as a point of reference, here’s how I define the following. Keep in mind that these are my definitions on how I keep these straight in my head. There are probably better definitions, but this is how I understand them:
- Deflation – An economic period marked by falling prices. It also defines a period where the money supply is shrinking. Typically, both of these mean that the dollar is gaining in purchasing power.
- “More goods chasing the same amount of money.”
- Inflation – This is the normal inflation that we experience year after year and is defined by prices creeping up ever so slowly, but constantly.
- “More money chasing the same amount of goods.”
- Anything under 10%.
- Mass Inflation – A sharp rise above what we see normally year to year.
- 10% – 30%
- Hyperinflation – Prices are rising so fast that the inflation rate is reported by the month, not the year.
- 30% and greater (sometimes, much greater).
We’ll be looking at these and how to get ready in the coming episodes. Also, I’ve roped Jeff Bennet into doing some shorter podcasts on the economy. He’ll be covering things from a historical viewpoint and covering current news.