Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
They Stole Our Gold — And Lied About It For 90 Years
May 14, 2025
In this enlightening discussion, Wall Street insider Chris Whalen, author of Inflated: Money, Debt, and the American Dream, unveils the shocking history of gold confiscation in the U.S. He highlights how the Federal Reserve's actions have shaped our economy and the American Dream. With rising credit card debt and empty commercial buildings, the middle class faces serious threats. Whalen also reveals the surging demand for silver amid dwindling supplies, making it a potential goldmine for savvy investors.
30:37
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Quick takeaways
- The intersection of finance and politics reveals manipulative practices that prioritize profit over consumer stability, impacting the broader economy significantly.
- Despite challenges, the evolution of the American Dream necessitates courageous policy reforms to address the deep-rooted issues in national debt and economic stability.
Deep dives
The Intersection of Money and Politics
The discussion emphasizes how the realms of finance and politics are intertwined and often manipulated to serve specific interests. Chris Whalen highlights the tendency of financial institutions to distort truth for profit, using the example of SoFi, a company that transitioned from student loans to consumer debt, which reflects a trend of prioritizing growth over stability. This has implications for the broader economy, as it demonstrates how the priorities of Wall Street can lead to unsustainable practices that ultimately burden consumers. The ongoing battle between the need for transparency and the lure of financial gain raises important questions about the integrity of the financial system.
