
The Future of the Gold Standard and the Collapse of the Dollar
Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
Printing Money Doesn't Create Wealth
The introduction of a digital Fed coin in 2024 could exacerbate inflation rather than solve economic problems. This digital currency may enable the Federal Reserve to increase the money supply more easily than with paper currency. Politicians may support direct payments to citizens through the Fed coin as an alternative funding method, aiming to bypass Wall Street's quantitative easing and benefit Main Street instead. However, the act of printing money, whether digitally or physically, does not generate real wealth; it only leads to inflation, affecting overall economic stability, particularly for vulnerable demographics like baby boomers if financial markets falter.
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