Tom Bilyeu's Impact Theory cover image

A Recession Worse Than 2008? - How To Survive & Thrive The Next Economic Crisis | Peter Schiff PT 2

Tom Bilyeu's Impact Theory

00:00

Warnings of an Impending Wave of Credit Card Debt Defaults

Credit card debt is at a record high with interest rates over 20%. Many people are running up as much debt as possible before defaulting. This will result in a wave of default in credit cards, causing banks to lose money. The impending financial crisis is predicted to be worse than the one in 2008, leading to a possible dollar crisis. The Fed may attempt to solve the problem with quantitative easing, but it won't be successful this time.

Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner