| Why Inflation is a Runaway Freight Train! |
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Charles Hugh Smith and Quinton Hennigh return as guests on this week’s program.
Heated debates frequently erupt over whether inflation or deflation is the most important risk factor investors need to be mindful of. First, definitions of those terms are necessary to answer that question correctly. Once definitions are established, what factors like government accounting gimmicks and propaganda need to be understood to realize the magnitude of inflation and why it is as unstoppable as a runaway freight train. Charles talks about some of the arguments used by the establishment that understate the cost of staying alive which is destroying the living standards of the middle class. Massive wealth is being redistributed to the top 1% of Americans and is reminiscent of feudal times in Europe.
In the first segment of the show, Quinton provides an update on Irving Resources as that company resumes drilling its exciting gold project in Japan. He will continue into the second segment to provide an update on the emerging world-class, silver-tin-rich poly-metallic Iska Iska deposit in Bolivia that is being developed by Eloro Resources. We explore the upside share price potential for Eloro Resources once the market begins to take note of the scale and economics of this massive bulk mineable deposit. Charles rounds out the second half of the show to help us understand why inflation is now unstoppable and hopefully provide some suggestions as to how middle-class citizens can best prepare to defend themselves against inflationary damage. |
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