CNBC Says: Buy Government Bonds, Stagflation Eats Your Savings | Between The Lies 030

You've probably been hearing the word "stagflation" thrown around a lot lately and thinking — I have no idea what that means. Don't worry. Neither did I exactly. So I asked my experts.   Short version: prices go up, jobs disappear, and the economy stops growing. All at the same time. Fun stuff.   The reason this word keeps popping up right now is that we're already living in an economy that's been feeling off for a while — and a few nasty ingredients are coming together at once. Oil prices are up around 40% thanks to ongoing conflict in the Middle East. GDP growth just got revised down. The Fed is holding interest rates steady while everyone waits for cuts that aren't coming. And the job market? Only about 42% of new applicants are actually landing work.   The mainstream financial press has a bold solution for all of this: maybe buy some government bonds. Luke, Rob, and I are not fans of that answer.   What we actually dig into this episode is the history lesson most talking heads skip. Volcker raised rates to nearly 20% to "tame" the 1970s inflation — but the money printing never actually stopped. It was just covered up with pain. And here's the thing: that lever doesn't exist anymore. We're sitting on over $36 trillion in national debt. You can't Volcker your way out of that without the interest payments alone eating the country alive.   The economic definitions themselves keep getting quietly updated, too. Inflation used to mean an increase in the money supply. Now it's whatever number fits neatly into this quarter's CPI basket. That's not math. That's marketing.   What we keep coming back to — and I know it sounds like we say it every episode because we do — is that the people who are already operating outside the traditional market are watching all of this from a much more comfortable position. When markets are volatile and your neighbor's 401k is in freefall, the question isn't "how do I survive this?" It's "what can I buy right now?" That's what Infinite Banking builds. Not just protection. Options.   If you've been on the fence about understanding how this stuff actually works, now's probably a good time to stop being on the fence. Luke's book, a couple of free video courses, and a real conversation — all of it's waiting for you at PerfectSpiralCapital.com/podcast.