Carol Roth, a “recovering” investment banker, financial television commentator, entrepreneur, and two-time New York Times best-selling author, joins Julia La Roche again for episode 321. Carol delivers a sobering assessment of America's broken fiscal foundation with debt-to-GDP over 120%, explaining why the K-shaped economy is creating a non-merit-based divide driven by policy and the administrative class wealth transfer. She discusses the wealth paradox - despite abundance, Americans are more stressed than ever due to housing, education, and healthcare costs - and predicts inflation will be the release valve for our debt crisis. Roth shares her bullish thesis on gold and precious metals as central banks shift away from US Treasuries, explains why the Fed's tools are now irrelevant in this fiscal dominance era, and reveals her predictions for 2026 including decoupling from European allies, Fed chaos, and wild out-of-the-box policies.
This episode is brought to you by VanEck.
Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXJulia
Links:
You Will Own Nothing: https://www.carolroth.com/nothing/
Follow Carol Roth on X: https://x.com/caroljsroth
Timestamps:
00:00 Intro and welcome Carol Roth
00:57 Big picture macro view: Broken fiscal foundation
04:07 K-shaped economy debate and wealth paradox
11:46 Administrative class wealth transfer problem
18:33 Is Trump going to fix the broken fiscal foundation?
24:37 Do rate cuts help everyday Americans?
30:51 Gold as hedge and insurance policy
37:50 "You Will Own Nothing" - what's changed since 2023
45:33 Predictions for 2026
48:58 Wrap up and where to find Carol
