{"id":59760,"date":"2021-10-09T07:51:59","date_gmt":"2021-10-09T12:51:59","guid":{"rendered":"https:\/\/olduvai.ca\/?p=59760"},"modified":"2021-10-09T07:51:59","modified_gmt":"2021-10-09T12:51:59","slug":"money-bad-policies-inflation-you","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=59760","title":{"rendered":"Money, Bad Policies, Inflation & You"},"content":{"rendered":"
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Money, Bad Policies, Inflation & You<\/a><\/h3>\n
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How to weather the inflationary and energy storms<\/strong><\/p>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n

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The global financial system and economy are a house or cards. \u00a0Built on an unsustainable underpinning to ever-increasing debt the financial system is, as far as I am concerned, irretrievably insolvent.<\/span><\/p>\n

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To truly grasp this you need to understand the basics of banking and currency<\/span>\u00a0(what<\/span>\u00a0we call money, but really isn\u2019t because it doesn\u2019t satisfy all three necessary preconditions to be called such). \u00a0This is briefly covered in this episode.<\/span><\/p>\n

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With that basic grounding we can appreciate the vast gap between the claims on true wealth and the amount of true wealth<\/span>\u00a0(lots<\/span>\u00a0of currency, not as much<\/span>\u00a0\u2018stuff\u2019)<\/span>\u00a0and now can discuss the immense pain coming to those with fewer resources to combat rapidly rising inflation.<\/span><\/p>\n

Even worse, a true energy emergency in Europe is going to really create a lot of headaches and financial heartaches for a lot of people. \u00a0With this essential context you can begin to build up a personal resilience plan to weather it all as best you can. \u00a0But it all begins by having the right frame of view and sufficient information and context.<\/span><\/div>\n