There were so many truly shocking financial and economic developments this past week, we’re fortunate to have a seasoned and steady professional to puzzle through it with us.
Paul Kiker, of Kiker Wealth Management (Peak Prosperity’s endorsed financial adviser), and I discuss the US credit downgrade, what spiking interest costs will mean for the US consumers/taxpayers and the federal government, and then the looming prospect of oil market tightness and higher future prices.
If you are thinking to yourself that “finance and economics aren’t my thing” I would urgently suggest that they really should become a priority. The reasons are many:
- All of us are affected by the economy and inflation
- Financial freedom is the bedrock freedom upon which many other freedoms rest
- A collapse of our monetary system and/or financial markets will be a complete disaster for most and that prospect needs to guide your preparations
- The markets provide us with early warnings about timing and when things are about to break. Big money always knows before everyone else
- Big fiscal and monetary errors are irreversible after a point, and being aware of those thresholds should guide your sense of what the future holds
So becoming conversant in economics and finance is an important life skill and that’s where my “Finance U” comes in. I promise to always speak plainly, explain everything in easy-to-understand terms, and make these subjects accessible to you.
by semantics 
