Religion & Spirituality
The boy who cried wolf has nothing on some of the financial alarmists crying wolf today about the economy. Is our banking system on the brink of collapse? Are we headed for hyper-inflation? Economist Jerry Bowyer joins Rob West today to help answer those questions. MoneyWise contributor Jerry Bowyer is the financial editor atTownhall.com and author ofThe Maker Versus the Takers:What Jesus Really Said About Social Justice and Economics. Some analysts are quick sound alarms about impending doom just around the corner. Others deny the very real risks and challenges for investors. The truth is usually somewhere in the middle. Today, Jerry Bowyer addresses talk of possible looming hyperinflation. He says that while he warned about inflation before most in the media were discussing it, some of the dire warnings currently circulating online are overheated and, at least for now, unwarranted. He also explains why he believes there is very little reason to worry about the stability of the U.S. banking system. And he addresses the concerns of those who feel it may be time to pull their money out of the stock market altogether. Bowyer also discusses the advantages and disadvantages to possible hedges against changes to the value of the U.S. Dollar, including precious metals and cryptocurrencies. LISTENER QUESTIONS On today’s program, Rob also answers listener questions: ●When does it make sense to pay off your home when nearing retirement? ●How do you know if you retirement plan is on the right track? Remember, you can call in to ask your questions most days at (800) 525-7000 or email them toQuestions@MoneyWise.org. Also, visit our website atMoneyWise.orgwhere you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app. Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking theDonate tab on our websiteor in our app. To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29