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And they would say that inflation in
the really deflationary because at the end of

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the day you do you have less
discretionary income to spend at the end of

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the month. That is deflationary of
your world, but at least a price

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destruction. So as currency or fiat
currency springs, than guess what the prices

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go with it. It's the expansion
of the money supply that creates inflation.

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So when you had the contraction of
the mind supply, you get the opposite.

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You're listening to carry Letts's Financial Survival
Network, where you get valuable information

8
00:00:31,559 --> 00:00:36,880
you just can't find anywhere else to
thrive in today's trying times. You need

9
00:00:36,960 --> 00:00:43,159
the Financial Survival Network now more than
ever. Go to Financial Survival Network dot

10
00:00:43,159 --> 00:00:49,880
com and get your free newsletter and
gift. Financial Survival Network now more than

11
00:00:50,000 --> 00:00:58,679
ever, and welcome you are listening
to watching the Financial Survival Network. I'm

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00:00:58,719 --> 00:01:03,320
your host Carry Letts. Well today
on September fourteenth, we got the PPI

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numbers, and I guess if you're
worried about inflation, they were probably pretty

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good. If you're worried about the
economy, they're probably pretty bad. But

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let's figure it out together. Russell
Stone is on with us. You find

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00:01:15,760 --> 00:01:21,799
him at Granton c R A n
t O NFG dot com and if you've

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00:01:21,799 --> 00:01:25,959
got a question or comment, shoot
me an email k l at Kerrelutz dot

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00:01:25,959 --> 00:01:30,359
com. PPI numbers. After following
up the CPI numbers the other day,

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Russell, what is the picture.
Well, my expectation, and it's been

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pretty consistent, is we've had inflation
in the last two years because of what

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the government is doing a relative to
printing money, relatives and now raising itchest

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race to five outs inflation. But
the end of the day, the consumers

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not cooperated. They're not showing up
buying things. So the price in structure

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is going to now go down across
the boards. That can happen even in

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a support But you're going to have
the things that are the greatest demand,

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they're going to stay up for prices
the longest. But the things that are

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not in demand, like cars and
houses and stuff like that, you're gonna

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see those prices start to come down. As as we act, we're seeing

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it in the housing sector. The
housing market is slowly moving down. The

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cars are moving much faster. As
far as the price and use cars induce.

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Cars the demand on both cars and
housing is changing draft because betrayed in

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flighting and rising interest rates, people
don't have the extra money to buy things,

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is very obvious. Pretectingly go into
stores, restaurants, supermarkets, stuff

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like that, all right. So
it's a question of things that you need

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and things that you want right right
right, things that indeed you're going to

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pay a higher price for a longer
period of time. The things that don't

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need, those things are going to
acumulate, and they're going to come down

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faster as the inventories need to be
paid. Eight four and then moved on

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PreTect We're coming up on a new
season. We're coming out by the winter

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00:03:04,960 --> 00:03:08,800
season. So you've got holiday changes
coming, You've got you know, seasonal

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00:03:08,919 --> 00:03:15,199
changes coming, you've got school changes, talent, and the inventories are gone

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from the previous summer. In the
spring, they're still out there in the

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shelves, all right. So so
what's happening. Is this the start of

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the long dreaded, long awaited recession. Yeah, I kind of laugh when

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people say recession when you got Europe
is clearly in a recession. Germany is

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on the verge of a depression.
Chatta's economy has contracted a multiple three times.

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Right, Russia is in the middle
of a war with Ukraine, and

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they somehow think that we're not going
to We're not in a recession already.

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You really have to work hard to
believe that we are in a recession already.

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We're going through a much needed deflacetionary
psycle which will squeeze out all the

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unnecessary credit that is in the system. The deable into details is the excess

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credit. The world is drunk on
debt and in the cost of the debt,

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and the fact that it's robin production
is the problem that we're having.

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The cost of interest is just killing
the economy that's gotting paid by somebody.

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All right, So are you telling
me that the that the inflationary scare is

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over, the cycle has been broken, and now now we'll just see lower

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prices or stable prices. You're really
thinking that, Well, I here's the

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argument in Elliott wave theory would make
this argument as well, and they would

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say that inflation and the really deflationary
because at the end of the day you

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do have less discretionary income to spend
at the end of the month, that

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is deflationary of your world. But
at least a price destruction. So as

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currency or fiat currency springs, then
guess what the prices go with it.

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It's the expansion of the money supply
that creates inflation. So when you had

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the contract of them supply, you
get the opposite, you get deflation.

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In every eighty years or so we
go to an deflationary cycle seventeen eighteen,

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eighteen thirty five, nineteen twenty nine. Well, here we are doing all

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over again for the same reasons.
The politicians don't have a way to grow

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the economy with and keep it in
the confines of gold. So gold,

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this is supporting our currency, north
can it? Because there's this stimity transaction

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has taken place in our dollar to
contain it to gold needs to went on.

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That out what happens if we got
this deflationary thing going on and then

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oil breaks one hundred dollars a barrel, people will drive all out less.

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They'll ride bikes, they ride motorcycles
and mopeds. So might is a good

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investment then huh, Well, it's
just people will look down to it.

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Right when prices spiked out, you
know, small hard sales went through the

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road. Go back to the seventies, yeah. Remember when we're driving around

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a big old chevies and caddies and
forwards they are being heavy and lucky.

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And then Japan started making these smaller, more fuel effishing cars. Well then

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he oil embargo ahead and seventy four
and it changes thinking of everybody. Everybody

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starting to gravitate towards smaller vehicles.
We always adapt. That's a good thing

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00:06:16,600 --> 00:06:21,560
about the American markets is we will
adapt if oil prices go too high and

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more people are going to burn woods
or the look for alternative ways to heat

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their house. We're pretty creative when
it comes to reacting to what the econ

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and he is throwing at us.
And this will be no different. If

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oil prices go too hig, people
are going to do something different to supply.

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Oil will go off the charts.
The price will come down, all

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right. So so I thought Biden
was doing like such good things. He's

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bringing the deficit down. I mean, look, he brought our troops soon

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from Afghanistan in a week. Isn't
he like good things? Here? He's

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got five degrees, all right,
two of them doctors degree. It's one

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of a pet and Florence's classes all
right, so we know not to listen

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to mister Biden. He hasn't done
anything right in my opinion, relative to

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the economy or foreign affairs. We
need to get past the Biden thang and

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move on to the next chapter in
this country's history. Okay, so enough

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of the levity now. The way
you deal with these people is praise their

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00:07:24,920 --> 00:07:30,879
failures, right, praise theorious,
condemn our successes. The way you get

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00:07:30,920 --> 00:07:34,040
to these guys is you stopped watching
the media outlets that that that don't do

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00:07:34,120 --> 00:07:39,920
their job. Yeah, we need
real, real journalists to expose the crush.

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00:07:40,000 --> 00:07:43,399
And when you have a politician that
sit there, not a journalist that

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00:07:43,560 --> 00:07:46,959
literally it will sit there. I
say there's no evidence of any corruption between

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Hunter Biden and Joe Biden and say
it with a straight face, then you

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know that person is bought and paid
for, right. Yeah, you have

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politicians saying that as well, some
of them on always. I thought he

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was doing a great job here.
He really is. First my bubble here,

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Russell. You know, like they
know they love coming to stand.

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It does somebody's list. Jeez,
man, I thought like bringing the troops

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home in a week was a good
thing. But I guess I was wrong.

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You know, well, here,
here's what's wrong with that. He

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brought the troops home, but he
left the citizens in Afghanistan and all the

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all the tanks and blades and everything
else. Yeah, so much for nation

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building a really good policy. This
is a uniparty at work, weakening the

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country, fracturing the resolve of the
citizens, and basically bringing us down to

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the lowest common denominator. So what
Russell is the solution here on an individual

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level, because whatever Washington does,
there's nothing we can do about anyway except

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hopefully vote, And who knows what
that's worth. If it's worth anything,

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we could debate that till the cows
come home. But you got to be

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able to do something to protect your
wealth and save yourself from the from these

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00:09:03,960 --> 00:09:09,559
maniacs. Right, Yeah, So
the greatest wealth ever created is in this

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environment, and the greatest wealth destroyed
is in this environment. So the ideas

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you want to be proactive to not
reacted. Don't wait until the tide away,

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00:09:16,960 --> 00:09:20,840
Niche, don't wait until the problem
is so big that you can't handle

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00:09:20,840 --> 00:09:26,000
it. What you need to do
is understand this real money versus fake money.

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I want to have as looks real
money in my possession as bossible gold

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and silver. Why do you want
to them own silver over gold because the

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ratio is eighty five to one right
now, free can buy getting five silver

126
00:09:37,279 --> 00:09:41,480
coins for everyone else a goal all
day long. When the racio goes back

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00:09:41,519 --> 00:09:46,759
to fifteen to one, sell after
silver, buy gold. You'll have three

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00:09:46,799 --> 00:09:48,679
times more gold than you would have
a you started out with all goal,

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00:09:52,039 --> 00:09:54,200
get it if you could get either
one. If it gets to that point,

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00:09:54,320 --> 00:09:58,039
Russell, you know it might reach
a point where you can't buy gold

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00:09:58,080 --> 00:10:03,720
and silver for any money right right, So you don't want to have them

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00:10:03,799 --> 00:10:05,639
debt, pay off short term debt, and you don't want to have any

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00:10:05,759 --> 00:10:11,000
unnecessary market exposure. It depends on
what age you are, but if your

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00:10:11,039 --> 00:10:13,879
approach to retirement, you really need
to step aside, in my opinion,

135
00:10:13,960 --> 00:10:18,120
and just let the markets do what
they're gonna do and come back in at

136
00:10:18,120 --> 00:10:20,960
the bottom and really hit a home
run. Buy low, sell high.

137
00:10:22,840 --> 00:10:26,080
If you can't accumulate gold and silver
because you don't have a resource, you'll

138
00:10:26,240 --> 00:10:31,000
give me a call. I'll help
anybody buy gold and solver while it's available.

139
00:10:31,039 --> 00:10:35,559
I don't charge for it. I
do it as a service to clients

140
00:10:35,559 --> 00:10:37,200
and people. But at the end
of the day. You have to be

141
00:10:37,720 --> 00:10:41,559
cognisant of your debt. You don't
want to have unnecessary debt. It's not

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00:10:41,639 --> 00:10:45,159
the time to go out and buy
a car right now. It's better to

143
00:10:45,360 --> 00:10:48,080
save your money. And one of
the things that people should consider rather than

144
00:10:48,240 --> 00:10:54,440
banks have too much money in banks, is to put money in a government

145
00:10:54,559 --> 00:10:58,360
backed money market account that all the
US is Treasury bills T bills owning there's

146
00:10:58,600 --> 00:11:03,200
you have out there. They're paying
five percent roughly right now, they're one

147
00:11:03,240 --> 00:11:07,159
hundred percent liguate, there's little or
no The fees are like point four seven

148
00:11:07,679 --> 00:11:11,879
and you're grossing five percent right now. If interest rates continue to go,

149
00:11:13,360 --> 00:11:16,360
great place to have money. You
can link it to your bank so that

150
00:11:16,399 --> 00:11:18,440
you can add the least amount of
money in the bank and the lost amount

151
00:11:18,440 --> 00:11:24,000
of money directly backed by the US
government. FDIC Insurance has one hundred and

152
00:11:24,080 --> 00:11:28,639
twenty billion dollars to protect about ten
throwion dollars. Not nearly enough. All

153
00:11:28,720 --> 00:11:31,639
right, that should work out,
okay, right, Yeah, it's comes

154
00:11:31,639 --> 00:11:37,080
out to one point two eight pennies
per dollar that they have to protect.

155
00:11:37,559 --> 00:11:43,759
So people shouldn't feel too good about
FDIC insurance. Buy them print money,

156
00:11:43,919 --> 00:11:46,320
So there's print a difference, right, but the only can print to the

157
00:11:46,320 --> 00:11:52,000
demand of the commercial lad it.
So the commercial lending isn't lendon because the

158
00:11:52,039 --> 00:11:56,039
interest rates and now do I the
government has handcuffs on them. They really

159
00:11:56,080 --> 00:12:00,120
can't print any money right now?
Yeah, all right, you're making us

160
00:12:00,120 --> 00:12:05,279
feel too good here. So we're
going to survive this thing or is it

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00:12:05,320 --> 00:12:09,879
commit bigh event? The Silver War
was much worse. We have been in

162
00:12:09,960 --> 00:12:13,639
worse times than this. But America
has to wake up. You know,

163
00:12:13,679 --> 00:12:18,559
we got lazy, we got sloppy. We didn't pay attention to who we're

164
00:12:18,600 --> 00:12:24,559
elected. We didn't test them at
all as far as their constitutional commitments.

165
00:12:24,919 --> 00:12:30,279
We got quite judges that are that
are useless in my opinion. So we

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00:12:30,320 --> 00:12:33,720
need to wake up and we'll go
back to what made us a great country.

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00:12:33,879 --> 00:12:37,879
All right? Amen to that,
brother, Thank you Russell. So

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00:12:37,960 --> 00:12:41,919
it's GRANTONFG dot com. That's where
you find Russell questions comments, k l

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00:12:43,039 --> 00:12:48,440
at terry LUTs dot com. The
link to Russell's site is on our site

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00:12:48,480 --> 00:12:52,120
Financial Survival Network dot com and the
show notes to this interview. While you're

171
00:12:52,120 --> 00:12:56,840
there, sign up for your free
newsletter Russell A Pleasure Thanks so much for

172
00:12:56,879 --> 00:13:01,600
stopping by. Thank you, thanks
for listening to carry It's a financial survival

173
00:13:01,679 --> 00:13:05,440
network, your solution to today's trying
times. For the latest, go to

174
00:13:05,600 --> 00:13:11,840
Financial Survival Network dot com. Financial
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