The Day Capitalism Died

47:58
 
Share
 

Manage episode 300701170 series 2394535
By Rich Dad and The Rich Dad Radio Network. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

A follow-up to the episode celebrating the 50th Anniversary of the day Nixon took the dollar off the gold standard, guest George Gammon is in the studio to discuss how creating unlimited amounts of money has created “monetary heroin.”

George Gammon, a former entrepreneur, turned investor, and host of The Rebel Capitalist Show, says, “The Fed is buying $120 billion a month in treasuries and mortgage-backed securities creating basically quantitative easing, and they haven’t been able to stop. If our economy was healthy, they wouldn’t need to do $120 billion a month in quantitative easing.”

Hosts Robert and Kim Kiyosaki and guest George Gammon discuss how the national addiction to debt could eventually end in hyperinflation, and the three things you should be investing in to prepare for a crash.

Learn more about your ad choices. Visit megaphone.fm/adchoices

341 episodes