This episode is an interview with Mike, one of the moderators and main contributors to the Permanent Portfolio discussion forum. Mike, or "Medium Tex" as he is known on the board, is an independent investor and co-author of an upcoming book on the permanent portfolio approach to investment. In the interview Mike explains a simple way of understanding all the different economic conditions we might face and how to be financially prepared for any of them as a private investor. You can get more information about the concept of the permanent portfolio in Harry Browne's book "Fail-Safe Investing", on the permanent portfolio forum.