17min chapter

Tom Bilyeu's Impact Theory cover image

Are We The Brink of Collapse? - Truth About Money, AI, Elon Musk & The 2024 Recession | Raoul Pal

Tom Bilyeu's Impact Theory

CHAPTER

The Influence of Baby Boomers on the Velocity of Money

This chapter discusses the influence of the Fed on the economy and how baby boomers hoarding money has caused a disinflationary trend. The speaker explains that the psychology of baby boomers, who are now 75 years old, drives them to hoard money to ensure they don't end up destitute in old age. This hoarding of money by baby boomers has resulted in a decrease in the velocity of money and is a major factor in the current disinflationary trend.

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