In this episode, The Annuity Man and Martin Parlato discuss:
- The biggest problem the government created
- How to send a country into stagflation
- Cryptocurrency is worthless
- Planning in six-month projects
Key Takeaways:
- The problem is government spending and the supply chain - which the government can’t fix. People being paid to stay home contributes to production and supply chain problems, leading to a lack of advertisements, resulting in layoffs and further unemployment in advertising sites like Facebook.
- If you can’t increase supply, then all you can do is decrease demand, and if you try to decrease the demand side so hard that it compensates for the supply side, that’s when you send the country into recession - that’s when you send the country into stagflation.
- Crypto is worthless, and it doesn’t do anything. Many people buy cryptocurrency because it’s untraceable by the government and unstealable by anyone. Except, there have been many incidents of hacking, often involving millions of dollars in stolen crypto.
- Retirement planning is done in six-month projects. The world changes fast; we are already in a different world than six months ago.
"The retirees need to understand that elections matter. You elect stupid people, this is what you get - you get a series of bad decisions that affect your retirement. Politics affect your money." — Martin Parlato.
Connect with Martin Parlato:
Website: https://www.lighthouseretirement.com/
Connect with The Annuity Man:
Website: http://theannuityman.com/
Email: Stan@TheAnnuityMan.com
Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work
YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g
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