Accelerated Real Estate Investor 314: Robert Wiedemer on The Next Financial Crisis: The Real Danger of Fake Money
We’ve been talking about the economic consequences of the COVID crisis a lot these days, and with good reason. Some of the smartest people I know think our markets are on the verge of falling off a financial cliff.
And today’s guest is no different and he has a solid track record of predicting financial downturns to back it up.
Robert Wiedemer is the New York Times bestselling author of Aftershock, as well as America’s Bubble Economy, in which he accurately predicted the 2008 financial crisis and its gruesome aftermath. He’s also a money manager at Ark Financial Management and the portfolio manager of the Bull Bear Performance Fund, where he uses innovative, proprietary trading to outperform the S&P 500.
Today’s conversation is a dive into his newest book, Fake Money, Real Danger. We get into how our government’s plan to print and borrow tons of money has put our markets in an extraordinarily dangerous situation–and what you can do right now to protect yourself and grow your wealth.
Key Takeaways with Robert Wiedemer
- Why the government’s decision to print huge sums of money has all but guaranteed a major financial event in our future.
- The problems created by nonstop inflation–and what happens to our money markets when interest rates balloon out of control.
- How a bond market entirely run by the Fed has the potential to trigger a full blown economic meltdown–and what makes this very different from the financial crisis of 2008.
- Why Robert still thinks real estate and the markets have potential to do well in these times–and what not to invest in.
- Economic red flags to look out for in the short and long-term.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/314
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