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Two Marine Dads, invites special guest Lester Botkin to discuss the economy, inflation, and what you can do to mitigate inflation. When people think inflation they automatically think Germany post WW1; however, what is happening here in the US is inflation but not at that scale. There is no one right answer but there are things you can do to help mitigate its impact. An increase in US savings, pent up demand, cuts in supply, companies paying much higher wages for unskilled labor, the government dumping 4 trillion dollars into the US economy, and people being paid by the government to sit at home and not work has created a very interesting economic situation. We have cars costing over 30% more due to cuts in their microchip orders. We have ketchup shortages. We have material costs shooting through the roof for wood, steel, chicken and petroleum products. Yes you read that correctly chicken and ketchup are among the shortages we are having now. All of the sudden that "packet drawer" you mom had growing up isn't such a bad idea is it?! 2 Marine Dads discusses what you can do to hedge your bets, invest properly, and lesson the impact of inflation. The money supply has grown in the us and it is causing short term inflation. Listen to learn exactly what Lester, John and Tyler are doing to hedge their bets and lesson the impact to them from inflation and MORE IMPORTANTLY PRIFIT from this situation we are in.
By Two Marine Dads5
11 ratings
Two Marine Dads, invites special guest Lester Botkin to discuss the economy, inflation, and what you can do to mitigate inflation. When people think inflation they automatically think Germany post WW1; however, what is happening here in the US is inflation but not at that scale. There is no one right answer but there are things you can do to help mitigate its impact. An increase in US savings, pent up demand, cuts in supply, companies paying much higher wages for unskilled labor, the government dumping 4 trillion dollars into the US economy, and people being paid by the government to sit at home and not work has created a very interesting economic situation. We have cars costing over 30% more due to cuts in their microchip orders. We have ketchup shortages. We have material costs shooting through the roof for wood, steel, chicken and petroleum products. Yes you read that correctly chicken and ketchup are among the shortages we are having now. All of the sudden that "packet drawer" you mom had growing up isn't such a bad idea is it?! 2 Marine Dads discusses what you can do to hedge your bets, invest properly, and lesson the impact of inflation. The money supply has grown in the us and it is causing short term inflation. Listen to learn exactly what Lester, John and Tyler are doing to hedge their bets and lesson the impact to them from inflation and MORE IMPORTANTLY PRIFIT from this situation we are in.