The most significant wealth transfer in American history could be upon us. As money-printing mania continues worldwide, dollars (and most other currencies) are worth less and less, while tangible assets, like real estate, are worth more. This is bad news for the average American, with most of their wealth trapped in a bank account or stock portfolio. If the most commonly used assets, like bonds, equities, and cash, become worthless, what happens to America?
To help answer this seemingly unfathomable question is Chris Martenson, CEO of Peak Prosperity. Chris spent his early career working for some of the largest corporations in America, but after bubbles started to burst in the early 2000s, he took a look into the inner workings of the American economy. What initially started as a simple interest became an all-consuming quest to understand why political executives and massive institutions like the Federal Reserve were making irrational choices for the American people.
In today’s show, Chris uncovers the truth behind quantitative easing, money-printing, and the Fed’s consistent financial swerving. He’ll also explain why bubbles are starting to burst in today’s economy, how interest rates had a large part to play in inflation, the new reality of de-dollarization, and why we may be on the cusp of the largest wealth transfer in American history. If Chris is correct, we could enter an entirely new era of the economy, one that only a few of us will thrive in.
In This Episode We Cover
Money-printing and the true effects of the Fed’s massive quantitative easing
Asset price bubbles and which are the closest to bursting in 2023
Interest rate hikes and how they’ve contributed to hideous inflation
De-dollarization and how America’s wealth could be at risk if USD loses its global status
Defaulting on the US debt and what happens if the government can’t pay its bills
The new American wealth transfer and why only these “productive” assets will survive
The most important “capital” anyone can have if/when the economy breaks down
And So Much More!
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Commercial Real Estate Could Crash, But Are Everyday Investors Impacted?
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Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-105
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