The Dow dropped nearly 1000 points on Friday (April 29, 2022), in its worst month since 2008. Inflation is up to an annualized rate of 18%. So what’s wrong with this picture? The Nasdaq Composite and the S&P 500 lost even larger percentages than the 940 points dropped by the Dow. And Amazon considered a Bluechip stock, plunged a whopping 14%, its most significant drop since 2006.
Does the Biden administration know something we don’t know that may indicate this is not a fluke but a trend? The White House just released its April Economic Report projecting “extraordinarily elevated” inflation for the second year of the Biden term.
Our guest helping sort this out is former Congressman Ron Paul, who predicted the current economic trick bag we’re in today. We can only hope he has some suggestions for us to avoid the upcoming pain.
Q&A:
- The Dow dipped nearly 1000 points on Friday. Is this a fluke or possibly a sign of things to come?
- Perhaps an “I told you so” would be in order when it comes to our current record inflation numbers. You were often the lone voice urging restraint, warning us not to take the road leading to our current destination. Tell us about those warnings and which, if any, were heeded.
- Even Democrats are critical of Biden’s inflation nation. What can be worse than Biden’s prediction of ‘extraordinarily elevated’?
- Many of us have already cut back on luxury items. But with skyrocketing prices on our basic needs to survive, like food and shelter, we may soon be forced to but back on necessities. Do you share this opinion?
- During the Trump Administration, gas was under $2 a gallon just two years ago. Today, it’s $4.50 and rising. Something has to give. It is unsustainable for virtually everything to rise in price with wages not keeping up—especially for those on fixed incomes.
- Do you believe the government statistics on inflation are accurate? For example, February to March inflation figures shows a 1.5% increase. This annualized rate of 18% is eclipsing the 13.5% highwater mark set in 1980. We’re now even looking at possibly breaking the all-time inflation rate set in 1920 when the annualized inflation rate was18.5%, per the U.S. Bureau of Labor Statistics. In a limbo contest, the mantra is “How low can you go?” but the question here is, “How high can inflation fly?” Your thoughts.
- What can our government do to fix this problem?
- What can we as individuals do to mitigate this upcoming problem, or at least not feel maximum pain?
- Inflation erodes cash. Money Market yields are low. Interest rates paid on our money in the bank are virtually nonexistent. Are there any options left to park some of our hard-earned money in the hope of keeping up with inflation?
- You are a spokesperson for Birch Gold Group, a tangible assets company specializing in selling gold and silver coins. In your opinion, what place is there in our investment portfolios for tangible assets?
- Where may we get more information on possible precious metals investments? Answer: At BirchGold.com
ABOUT RON PAUL
Dr. Ron Paul is a former Republican congressman from the 22nd congressional district of Texas. Ron Paul espoused strong conservative and Libertarian positions, including maintaining a fiscally responsible government. Before his involvement in the political arena, Dr. Paul was a physician. He is active as a writer and spokesperson for organizations representing his core beliefs, including honest money. He is currently conducting a media tour for Birch Gold Group.
CONTACT: To schedule an interview with Ron Paul, call Jerry McGlothlin of SpecialGuests.com at 919-437-0001 or by email at jerry@specialguests.com
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