Creating Wealth Real Estate Investing with Jason Hartman cover image

1979: Police State, Digitizing The Dollar, SEC Attacks Crypto, Bank Bailouts, Clive Thompson

Creating Wealth Real Estate Investing with Jason Hartman

00:00

The Pyramid of the Hierarchy of Money

At the bottom, they've got securities. This is just paper. It's fiat, right? That's what securities are, stocks, bonds. These are paper assets. So they can evaporate very quickly. We don't have to go into all the scandals over the years in the stock market because you already know about them. And then there are bank deposits. And so far under FDIC, those have not evaporated and people have not lost money on those yet. However, I would argue that they've certainly lost money through inflation, although not directly in nominal dollars,. There have been real losses.

Play episode from 02:24
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app