Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
The Fed Is Destroying Your Wealth
Apr 16, 2025
Nomi Prins, a former Wall Street insider turned financial truth-teller, joins to reveal how the Federal Reserve's unbacked money creation is quietly robbing the middle class. She exposes the realities of inflation, arguing it's by design, and emphasizes the need for financial action instead of passive saving. Prins suggests investing in real assets like gold and real estate as protection against economic instability. The conversation serves as a wake-up call to take control of your finances and understand the true game of money.
23:35
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Quick takeaways
- Understanding the influence of central banks like the Federal Reserve is crucial for recognizing how fabricated money inflates prices and exacerbates wealth inequality.
- Financial education alone is insufficient; practical coaching and investment in real assets like real estate are essential for navigating economic challenges.
Deep dives
The Role of Central Banks in Inflation
Central banks, particularly the Federal Reserve, have significantly increased their power and influence over the economy, particularly since the pandemic. They possess the ability to create money out of thin air, which is termed as fabricating money rather than actual investment. This unlimited money creation leads to substantial inflation as it has no real connection to economic value, subsequently causing distortions in asset prices. The result is a widening gap between financial and physical assets, making it increasingly difficult for the working class to afford essential goods amidst rising costs.
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