The Human Revolution with Dylan Bain

The media reported that inflation (CPI) for March 2021 was 1% sparking fears that the long foretold hyperinflation was here. They, of course, ignored a lot of the bigger picture but it was great for getting your attention to sell!

Let's say that the US does find itself in a hyperinflationary spiral, where can I put my money that will protect me from it.... if such a place even exists?

This week, we ask the question, what happens if the US is more like Japan than Weimar Germany, how did we get here, and where inflation is happening now. 

On this episode of Fiscally Savage, Dylan explains everything there is to know about inflation, how certain countries have ended up with hyperinflated economies, the potential for hyperinflation in the US after the money printer goes BRRRR,  and whether or not Gold or other precious metals can suffer at the hands of inflation.

0:00 - 1:17 - Introduction

1:18 - 3:56 - Setting up today’s topic, Inflation.

3:56 - 7:13 - What is inflation?

7:14 - 10:07 - Does Gold have inflation?

10:08 - 17:53 - How did hyperinflation happen in Zimbabwe, Germany and Brazil?

17:54 - 19:03 - Loss of faith in currency

19:04 - 21:42 - Potential for hyperinflation in the US

21:43 - 25:41 - Central banking

25:42 - 27:32 - The US federal reserve system

27:32 - 33:30 - Where does the US get the money for things such as the stimulus package?

33:38 - 35:42 - How do we measure how much money is actually in the economy?

35:43 - 39:11 - Conclusion on inflation.

39:11 - END - Wrap-up & Outros

On this episode of Fiscally Savage we’ll be covering financial literacy. Dylan will be taking you through the financial literacy quiz step by step and explaining the correct answers to each question. We’ll be discussing stocks, bonds, mortgages and everything you need to know about managing your debt.

In this episode of Fiscally Savage, Dylan explains everything there is to know about taxes and what YOU need to do to start paying less and using the system to your advantage.

0:00 - 1:20 - Introductions

1:40 - 4:00 - Outlining today’s topic and what we will be covering.

4:00 - 7:04 - How taxes are actually calculated.

7:05 - 8:50 - State income tax, sales/property tax.

8:50 - 11:37 - Setting up your tax form correctly.

11:38 - 14:28 - US Employment Benefits for W2 Employees

14:30 - 17:45 - The different between Traditional and Roth contributions

17:48 - 20:11 - What is an FSA? Where is that money going to go?

20:11 - 22:28 - Healthcare Insurance Accounts

22:30 - 25:10 - So how do I file my taxes?

25:10 - 26:40 - If somebody’s giving you something for free, you are the product.

26:40 - 30:47 - The two flavours of tax professionals.

30:47 - 35:44 - What happened to ReadyReturn? The system didn’t optimise for us.

35:45 - 36:30 - We need to arrange our affairs with the understanding of using the system to our advantage.

In this episode of Fiscally Savage we give you the full rundown of the US deficit, what it is, what controls it and what adds to it. We’ll also give you some harsh truths on the best ways to deal with it and how it really affects our lives.

0:00 - 1:10 - Introduction.

1:12 - 4:50 - Recap of the last episode.

4:51 - 7:47 - What the deficit is NOT.

7:48 - 10:03 - What you need to know in terms of the social security system.

10:03 - 14:53 - What part does Medicare play in this?

14:53 - 15:55 - The complications of health insurance for companies.

15:56 - 18:10 - The Koch Brothers study.

18:11 - 18:55 - The general fund.

18:55 - 19:48 - How the military routinely drives up the US deficit.

19:50 - 21:10 - Adult talk time, how do we get out of this?

21:11 - 24:34 - Tax cuts, do they work?

24:35 - 25:58 - Are the short term gains worth the long term effects?

25:58 - 28:05 - The Death Tax.

28:05 - 20:30 - The easiest way to deal with the deficit.

30:22 - 32:10 - How much debt is too much debt?

32:10 - END -  Wrap-up & Outros.

On this episode of Fiscally Savage we will walk you through everything you need to know about taxes, where your income tax money goes and the different types of funds that help operate different sectors of the government and the US military. We will also give you a brief rundown on how to calculate federal income tax but be warned, this is not tax advice and we advise you leave that to the professionals.

00:00 - 1:28 -  Introduction

1:30 - 3:00 - Setting up today’s topic, taxes.

3:00 - 3:40 - There is no political agenda here, this is purely educational.

3:40 - 4:30 - What sections we will be covering in this episode.

4:30 - 5:18 - The government isn't telling you the whole truth when they discuss taxes.

5:20 - 7:40 - How did federal income tax come about?

8:00 - 10:50 - What are federal income taxes?

10:53 - 12:16 - The difference between effective tax rate and marginal tax rate.

12:16 - 14:05 - You need to see tax how it is and not how your political beliefs tell you it is

14:05 - 17:40 - Where do your income taxes go?

18:00 - 21:57 - The US runs a structural deficit, what does that mean?

21:57 - 22:42 - What your payroll taxes are paying for.

22:42 - 24:00 - The source of money is just as important as who’s handing it out.

24:06 - 25:35 - The discretionary fund.

25:35 - 27:30 - What would happen if we just got rid of the US government?

28:00 - 33:30 - How do you formulate income taxes?

33:30 - END - Wrap-up & Outros.

This week’s episode of Fiscally Savage is about the savage reality. Systems are built to serve themselves and you will never be able to change that, however there ARE ways to set yourself up to take advantage of those systems. Learn how to make a plan for yourself and always be prepared for disasters around the corner on this episode of Fiscally Savage.

0:00 - 1:18 - Introduction

1:20 - 3:00 - Recapping last week's episode.

3:00 - 3:47 - We wish the GameStop situation had gone differently.

3:48 - 4:35 - Systems are always going to serve themselves.

4:40 - 6:48 - Examples of systems that serve themselves.

6:50 - 8:09 - How do we set ourselves up to take advantage of this?

8:10 - 9:43 - The sad reality is that civilization is going to try and try to stop you from changing.

9:45 - 11:20 - You always need to be prepared for disaster around the corner.

11:20 - 13:10 - You need to have a plan for yourself!

13:11 - 13:54 - You’re in a rat race whether you like it or not.

13:54 - 15:14 - Nobody expected Covid.

15:18 - 17:48 - How Dylan broke the system and got job offers from 3 of the big 4.

17:50 - 20:00 - The world is not black and white, but you need to control the things that are.

20:00 - END - Wrap-up & Outros.

In this episode of Fiscally Savage, Dylan is discussing the ongoing situation with Gamestop and WSB vs Hedge Funds. This is a personal situation for a lot of people whose parents never fully recovered from the recession and millennials are out for revenge against Wall Street. If you’re struggling to understand what’s going on, this episode will explain and sum up everything for you!

This is NOT financial advice.

0:00 - 1:13 - Introduction

1:13 - 3:04 - Intro to today’s topic, the barbarian horde.

3:04 - 4:25 - Disclaimer, this is NOT financial advice.

4:25 - 8:24 - What is short selling stock?

8:24 - 10:53 - Let's talk about Gamestop & DFV.

10:53 - 13:00 - What is a brokerage?

13:00 - 18:23 - Robinhood & Citadel

18:23 - 24:47 - What was the big short?

24:48 - 28:23 - The millennial generation has a long memory.

28:24 - 29:40 - What are call options?

29:42 - 32:36 - This isn’t about the gains, it’s about vengeance.

32:36 - 33:37 - Everyone on WSB is on the same page when it comes to hedge funds.

33:38 - 36:05 - What is clearing?

36:05 - 37:58 - Robinhood played dirty with short sellers.

37:58 - 38:48 - The most divided politicians in recent history are all in agreement on this!

38:48 - 40:00 - WeBull are trying to keep up with demand whilst Citadel back Melvin Capital.

40:00 - END - Wrap-up & Outros.

Diamond. Hands.