Podcast: Economic Collapse or Growth? America’s Crossroads
Posted November 21, 2024
I recently had a very interesting conversation with Keith Weinhold in an interview for Get Rich Education.
We began by discussing the FOUR GREAT THREATS confronting the United States today:
- Very large government debt and deficits,
- The growing possibility that the United States will be conquered by China,
- The bitter political divisions within the United States, and
- The dependence of our economic system, Creditism, on credit growth for its survival.
I then asserted that all of these threats can only be overcome by an acceleration of US economic growth, and I explained why large-scale investment through a US Sovereign Wealth Fund (which now has bipartisan support) is the surest way to ensure the economy grows much faster – while the alternative, Austerity, is the surest way to economic collapse and national ruin.
Other topics included:
- The possibility that much higher trade tariffs will drive inflation and interest rates up, while pushing asset prices and economic output down,
- The greatest risks facing investors in real estate and equities,
- How high can US government debt rise before provoking a national crisis, and
- How the “end game” would play out in the event of such a crisis.
This was a great discussion.
I hope you will CLICK HERE and listen to it now.
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