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Why The Wealthy Benefit From Inflation
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Breakdown
0:00lesson
Dollar as a poor store of value
- Holding wealth in dollars is as dumb as a mud wall
- Dollar suffering allows inflation to eat away at indebtedness
- Re-industrialization requires weaker currency
- Strong dollar makes exports uncompetitive
- Fed has two choices: inflate or die
1:40lesson
Assets vs liabilities in inflation
- Assets feed you, liabilities eat you
- Wealthy benefit from inflation through asset appreciation
- Cost of living rise doesn't affect asset owners
- Non-owners struggle as costs rise
- Cantelon effect: closest to money spot
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