Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business cover image

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

NOTE

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.

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