The Day Capitalism Died
August 25, 2021
44 min
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329 of 638
August 25, 2021
The Day Capitalism Died
0:00 / 44:45
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The Rich Dad Channel Episodes Around August 25, 2021
Episode 329 of 638 — walk the feed in the order it was published.
44:45This episodeThe Day Capitalism Died
Summary
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."<br /> 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."<br /> 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. <br /> Learn more about your ad choices. Visit megaphone.fm/adchoices
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