Are We On The Path To Hyperinflation? | James Turk

With the recent dramatic expansion of world currency supply and high inflation now eating away at the purchasing power of our money, is hyperinflation – true currency destruction – a possible risk in the future?

The world’s major central banks have increased the global currency supply by nearly 50% since the pandemic hit less than 2 years ago.

Add in the additional trillions of dollars worth of fiscal stimulus issued recently by national legislatures around the world, and it's little surprise that price inflation is now raging.

In short, our currency is losing its purchasing power at an alarming rate.

So in this video, we talk with sound money advocate James Turk, the founder of GoldMoney, to understand exactly what's going on.

How much worse is this loss of purchasing power likely to get? What can history tell us to expect from here?

At Wealthion, we show you how to protect and build your wealth by learning from the world’s top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance.

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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?

Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.

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#inflation #hyperinflation #gold
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.

[evegreenification]

I appreciate his point about wasting peoples' time by devaluing the currency. Thanks for having this guest on.

[AB-fqmr]

As an owner of a US manufacturing business, I've had thoughts about going through stagflation in 2022 and then followed by hyperinflation in 2023. I've already told my CPA to not expect the same revenue as in 2021. Not only because the consumer will be weaker in 2022 or we have been worked to near death last year to make up for others that didn't work or shut down, but because it makes no sense to produce at 100% capacity into a hyperinflationary period. Even 15% inflation (today's true CPI number) isn't really worth it even though we have nice margins. I've decided to only produce at 75% capacity, keep my prices high, and use the rest of the 25% to build assets. My time will be better spent expanding my products, working on expanding my websites, acquiring other assets, and other things that will increase my businesses as an asset so that it's worth more once we come out of this inflationary period. I bet a lot of other producers are making this decision too.

[Sola_Scriptura_.]

2007 was the year I realized we were in trouble. I protected myself by going into bonds. It took me till 2014 to understand and appreciate the value of gold! I keep my savings in Gold and Silver and invest in PM miners and royalty companies. Great interview! Love the channel.

[elsierive]

Mr.Turk is the wisest and unswade individual I have ever heard interviewed( any where). Thouroughly enjoy his calmness, theories and advice.

[__Wanderer]

As a millennial in the netherlands house prices have gone insane. I will never own a home, it is almost a mathematical impossibility with a regular job and 25% annual house price inflation. I will never have children. The whole house of cards / dutch society will collapse if they do nothing to fix this.

[Juan]

"You need sound money to have an ethical society and we don't have sound money anymore."
James Turk.

[derekseifert]

Adam, I sure miss you within the Peak community, but you have REALLY come into your own with this channel. You, and Chris, have given me more usable and forward-thinking actionable knowledge than ANY other source in my past educational experiences.

[winstonsmith]

What a sweet, gentle, honest and intelligent man. Thanks for putting him on your excellent podcast.

[adamsterling]

Great interview as always, this channel is one the best available, hats off for the owner and his guests

[nicholastracy]

For anyone listening, just consider stocking on some long term food supplies, water purification systems, and other personal needs. Unfortunately, when the remaining percent or two of the US Dollar's original purchasing power is removed, times will get hard, fast, and no doubt they may persist for quite awhile. Great content!

[TheRealBrook]

James Turk. One of the originals. Loved all his sponsored interviews through GoldMoney with Dominic Frisby and Alasdair MacCleod.

[Kimber-bzfe]

What an absolutely truly outstanding interview please have him on again

[GoGracefully]

Well done! Two very calm voices of reason as we strike the iceberg.
For tangibles we are moving toward farming equipment.

[Bltnetwork]

17:05 Adam, great point about the extremities we’ve reached with seniors who can’t live off of low interest rates and young people who can’t find living-wage jobs.

[markminister]

James Turk is a fantastic guest. Great interview.

[fnmag]

Adam. Fantastic interview. Bravo. Absolute wonderful guest

[christopherbic]

I am a newer follower of this channel. I return because of the Prescious value it offers me for my time. Lovely.
In so being, may I say to you Sir that the word "advice" is a "bad" word in a community that is offering opinions, estimations, experiences and information.
Salutes to you Sir.

[ridethecurve]

Good message and excellent delivery of it, James!

[cavscout]

Saved and will watch. Always great, thanks!

[jeremiahshannon]

Thank you for the interview
Excellent guest
Hopefully we get to sound money sooner than later
A lot of the people in my life have know idea about currency creation
When I talk to them about it seems like they don’t care