Episode-1082- Why the Economy Will Boom then Bust




The Survival Podcast show

Summary: TweetThere are two schools of thought that seem to exist about our economy right now.  The first seems to be we are screwed and very soon.  The second seems to be there is nothing to worry about, the economy will have ups and downs just like always but long term we will continue to grow and move forward. Both of these are short sighted.  The first view is like being told you have a treatable but eventually fatal cancer and assuming that means you will be dead by next week.  So you blow all your money on a big party and a trip around the world.  The second view is like just ignoring the cancer since it is slow moving and likely won’t kill you for a couple years, who knows you might survive 5 years or more so don’t worry about it. In both these scenarios the patient is harmed more then they should be.  The smart decision would be to evaluate and pursue the most common sense and reasonable treatment available while attempting to continuing living your life, hopefully valuing each day more and doing what you can to beat the odds and become an odds breaking survivor.  Well, in the case of our economy it isn’t you that has cancer, it is someone you care about.  Put into this context we understand why we need to take a sobering look at out economic future. Join Me Today As We Discuss… The Cancer The real lesson of “Walmart’s February Sales Disaster” The demographic bomb just around the corner replacement rate is 2.1 The cost of Social Security by 2017 – 1 Trillion Plus Annually (source DebtClock.org) Cost of Medicare/Medicaid by 2017 – 1 Trillion Plus Annually (source DebtClock.org) Interest Payments on Debt by 2020 – 800 Billion (source CBO) National Debt by 2017 – 22.6 Trillion (source DebtClock.org) How the hype around the sequester shows our pending doom Economic expert trump card?  It doesn’t mater because we print our own money! The Pre Cancer Party Printing money will work as long as your currency is exchangeable The natural gas boom is real, nothing creates prosperity like cheap energy The coming medical care disaster will have its on pre disaster boom The US will gain a large influx of international money Some sort of “amnesty” will pass and bring in a lot of tax dollars The Cancer Metastasizes and the Patient Goes Critical The boom creates steady inflation, said inflation gains steam Rates must be raised to quell inflation but it is a trap on existing debt Cheap energy isn’t so cheap as inflation eats away at affordability The tea cup and entitlement generations are becoming our main workforce Boomer retirement hits critical mass, most are working past 65 The real cost of Obamacare is realized in 2016-2020 Rising economies are better able to compete for investor confidence Many crises around the globe are not wasted and the dollar looses reserve status China becomes the largest economy in the world Commodities become the backer of currency, the US is bankrupt Resources for Today’s Show… Members Support Brigade Join Our Forum Members Support Brigade 13Skills.com Join Our Forum Walking To Freedom JM Bullion – (sponsor of the day) Fortress Defense Consultants – (sponsor of the day) Simple Sequester Math A-Z Index of Government Departments US Debt Clock CBO Projections of US Debt Interest Payments by 2020 Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.