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35min chapter
The Debt Crisis Also Presents Great Opportunity For Investors | Gordon Long
Thoughtful Money with Adam Taggart
Understanding Creditism and Economic Instability
This chapter examines 'creditism,' the modern economic system driven by debt rather than traditional investments, and its impact on GDP calculations. It discusses the transition from economic stability to volatility, highlighting the unsustainable rise in global debt and its diminishing returns on growth. The conversation underscores the need for systemic change to avert a looming economic crisis, particularly focusing on the implications of inflation, geopolitical tensions, and demographic shifts.
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