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

NOTE

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.

00:00
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