This is a follow on to the previous video I did, where I warned about a Financial Tsunami heading our way. Thinking further on the matter, I realised that I should explain things in slightly more detail … so I’ve produced this video to accompany the previous one.
I thought that it might be a good to give you an idea of what the Financial Tsunami might look like.
Put in the simplest of terms, what we are facing is a currency crisis.
There is so much more to it than this, but if you come away only understanding this aspect, then that might be just enough and you should then be able to appreciate that you might need to take action to safeguard yourself.
That said, let’s get into the heart of the matter …
What are my predictions with regard to Inflation? Inflation is on the rise and it will continue to rise over time. Indeed, I think that it will not only rise significantly higher, but it will begin rising at an exponential rate. This means that sometime, in the not-so-distant future, we will be moving into the realms of hyperinflation. Hyperinflation then, I think, is where we are headed. And then, as we proceed through the hyperinflationary period, I think that the currencies will then, at some point, collapse entirely. So, the movement is going to be … from worth less (increasingly worth less and less and less and less) to worthless i.e. worth nothing, worth absolutely nothing at all. The currency will hold no value whatsoever.
I refer you to the videos I did on inflation, rising prices, hyperinflation, currencies, fiat currencies, money, precious metals, gold, silver and more besides. Look at the Playlist entitled, “Economics”.
One point I wish to make clear, “Inflation” and “Devaluation” are two sides of the same coin (no pun intended). They are just two different ways of looking at the same phenomena – the value of a currency.
I don’t find either particularly helpful in aiding understanding. When it comes to currencies, “purchasing power” is what you need to understand and be aware of. Purchasing power is the power of a currency to purchase goods and services. So, put simply, it’s what the currency can buy in real terms.
Whether what’s happening is labelled as “Inflation” or a “Devaluation”, or something along those lines, the important thing you need to know, is that your currency is right now in the process of losing its purchase power. When the purchasing power of a currency declines, the currency buys less than it did before. You experience this as rising prices. This is due to the fact that it basically takes more of that currency to buy the product. It should be understood that everything is relative. And the product doesn’t change. It’s the currency that changes.
What can we expect to see? I can’t give you details on timings and I’m not sure exactly how it will play out. So what I’m going to say represents my best guesses, You can expect to see ever-increasing inflation rates, as described earlier. When inflation continually
