Over the weekend I got into an interesting late-night discussion with a friend on a variety of topics, economic and social.
Rather than bore you with the details of our talk, I will instead point you to the first hour segment of last weekend's Financial Sense Newshour broadcast.
Why the FSN broadcast? Well, upon hearing the program on Sunday morning I was surprised to find many of the same late-night discussion topics being covered in the FSN program by host Jim Puplava and guest Robert McHugh.
Let me give you a brief run down of what you'll hear in this FSN program segment.
There was talk of inflation and how it is understated through government's reporting of inflation statistics.
Robert McHugh offered the view that what we are seeing in the US stock market is more of an inflation-driven bull market than one based on true prosperity.
McHugh and Puplava discussed the ongoing squeeze of the average person's standard of living and the rising debt burden for individuals and state and federal governments.
They went on to talk about the idea that rising inflation and tax burdens could, in tandem, wipe out the American middle class.
Some serious stuff. You'll want to listen to the entire first hour segment if you haven't already; there's more discussion of current "inflation era" investing throughout the program.