Why You Should Prepare for a Crash Landing
October 12, 2022
47 min
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389 of 638

October 12, 2022
Why You Should Prepare for a Crash Landing
0:00 / 47:39
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The Rich Dad Channel Episodes Around October 12, 2022
Episode 389 of 638 — walk the feed in the order it was published.
47:39This episodeWhy You Should Prepare for a Crash Landing
Summary
The Fed is now hiking interest rates very aggressively AND destroying $95 billion every month through Quantitative Tightening. Today's guest explains how the Fed plans to continue hiking rates and destroying hundreds of billions of dollars until it throws millions of Americans out of work and wipes out trillions of dollars of wealth in order to bring the inflation rate back down to its 2% inflation target.<br /> Richard Duncan, author of "The Money Revolution: How to Finance the Next American Century," says, "The central banks are in shock because for the first time in 30 years they have to deal with inflation." Duncan goes on to explain, if the Fed prints more money, it'll fan the inflationary flames. If they don't print more money, credit will contract, and the economy will spiral into crisis.<br /> Host Robert Kiyosaki and guest Richard Duncan discuss the global economy, how it effects the average investor, and more importantly, how you can survive.<br /> Use code CRASH to receive a 50% discount off a one-year subscription to Macro Watch. Visit <a href="http://www.richardduncaneconomics.com" rel="noopener">www.richardduncaneconomics.com</a>
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