Grant Cardone: If You Only Make $400K You Should Be Ashamed of Yourself as a Father (Part 5)
October 28, 2023
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7:00Now PlayingGrant Cardone: If You Only Make $400K You Should Be Ashamed of Yourself as a Father (Part 5)
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Vlad and Grant Cardone discussed the current state of the economy, focusing on inflation, the Federal Reserve, and wealth disparities. They noted that inflation continues to be high, and Federal Reserve Chair Jerome Powell predicted more interest rate increases. During the conversation, comparisons were made to the 1980s and the difficulties resulting from both high inflation and low-interest rates. Grant Cardone emphasized the widening wealth gap, stating that salaries are not keeping pace with rising costs. He argued that many are unable to save despite earning substantial salaries. They also criticized banking practices, asserting that banks are able to loan much more than they retain in reserves. Cardone further criticized Powell for pushing inflation control efforts, arguing that the Federal Reserve cannot control inflation effectively.
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