Join hosts Dylan Lewis, Deidre Woollard, Ricky Mulvey, and Mary Long as they cover the day’s top business news and financial headlines with the Motley Fool's team of investment analysts. Tune in on weekends for the greatest investing classes you never got the chance to take in school and perspectives from special guests helping to shape the future.
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The Money Revolution
MP3•Episoder hjem
Manage episode 319920468 series 46481
Innhold levert av The Rich Dad Company and The Rich Dad Media Network. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av The Rich Dad Company and The Rich Dad Media Network eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
Our economic system is “Creditism.” The economy has become addicted to credit growth, and only government borrowing can make it continue to grow. The private sector just doesn’t have enough income to keep credit growing. Today’s guest says if credit doesn’t grow by at least 2% each year, the country goes into a recession.
Richard Duncan is the author of the new book “The Money Revolution: How to Finance the Next American Century” and he says, “In 2008, when the bubble did blow up, I expected it to blow up, but I expected a depression. But what we saw instead was the U.S. government borrowed trillions of dollars, and pumped it into the economy, and the Fed created 3.6 trillion dollars during the first 3 rounds of QE and bought those government bonds, financing the government debt. If the Fed had not bought the government bonds, created all that money, the government couldn't have borrowed so much money without pushing interest rates to an extremely high level. All that government borrowing would have pushed interest rates up and the high-interest rates would have crushed the economy. This combination of trillions of dollars of government borrowing and spending, and money printing to finance the government spending, they re-inflated the bubble. It’s been an exact replay of that in 2020 and 2021.”
Hosts Robert and Kim Kiyosaki and guest Richard Duncan discuss how the Fed is shifting to “Quantitative Tightening,” and the solution to solve this economic crisis.
…
continue reading
Richard Duncan is the author of the new book “The Money Revolution: How to Finance the Next American Century” and he says, “In 2008, when the bubble did blow up, I expected it to blow up, but I expected a depression. But what we saw instead was the U.S. government borrowed trillions of dollars, and pumped it into the economy, and the Fed created 3.6 trillion dollars during the first 3 rounds of QE and bought those government bonds, financing the government debt. If the Fed had not bought the government bonds, created all that money, the government couldn't have borrowed so much money without pushing interest rates to an extremely high level. All that government borrowing would have pushed interest rates up and the high-interest rates would have crushed the economy. This combination of trillions of dollars of government borrowing and spending, and money printing to finance the government spending, they re-inflated the bubble. It’s been an exact replay of that in 2020 and 2021.”
Hosts Robert and Kim Kiyosaki and guest Richard Duncan discuss how the Fed is shifting to “Quantitative Tightening,” and the solution to solve this economic crisis.
490 episoder
The Money Revolution
Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
MP3•Episoder hjem
Manage episode 319920468 series 46481
Innhold levert av The Rich Dad Company and The Rich Dad Media Network. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av The Rich Dad Company and The Rich Dad Media Network eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
Our economic system is “Creditism.” The economy has become addicted to credit growth, and only government borrowing can make it continue to grow. The private sector just doesn’t have enough income to keep credit growing. Today’s guest says if credit doesn’t grow by at least 2% each year, the country goes into a recession.
Richard Duncan is the author of the new book “The Money Revolution: How to Finance the Next American Century” and he says, “In 2008, when the bubble did blow up, I expected it to blow up, but I expected a depression. But what we saw instead was the U.S. government borrowed trillions of dollars, and pumped it into the economy, and the Fed created 3.6 trillion dollars during the first 3 rounds of QE and bought those government bonds, financing the government debt. If the Fed had not bought the government bonds, created all that money, the government couldn't have borrowed so much money without pushing interest rates to an extremely high level. All that government borrowing would have pushed interest rates up and the high-interest rates would have crushed the economy. This combination of trillions of dollars of government borrowing and spending, and money printing to finance the government spending, they re-inflated the bubble. It’s been an exact replay of that in 2020 and 2021.”
Hosts Robert and Kim Kiyosaki and guest Richard Duncan discuss how the Fed is shifting to “Quantitative Tightening,” and the solution to solve this economic crisis.
…
continue reading
Richard Duncan is the author of the new book “The Money Revolution: How to Finance the Next American Century” and he says, “In 2008, when the bubble did blow up, I expected it to blow up, but I expected a depression. But what we saw instead was the U.S. government borrowed trillions of dollars, and pumped it into the economy, and the Fed created 3.6 trillion dollars during the first 3 rounds of QE and bought those government bonds, financing the government debt. If the Fed had not bought the government bonds, created all that money, the government couldn't have borrowed so much money without pushing interest rates to an extremely high level. All that government borrowing would have pushed interest rates up and the high-interest rates would have crushed the economy. This combination of trillions of dollars of government borrowing and spending, and money printing to finance the government spending, they re-inflated the bubble. It’s been an exact replay of that in 2020 and 2021.”
Hosts Robert and Kim Kiyosaki and guest Richard Duncan discuss how the Fed is shifting to “Quantitative Tightening,” and the solution to solve this economic crisis.
490 episoder
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