About this episode
Credit, Currency, and Collapse
The U.S. has trillions of dollars of bonds that are coming due in the next year. We talk about what the Treasury tried to do about this that didn't work. We also talk about how they are out of ways to fix this situation. What is coming next? The government has proven that they can not grow their way out of their debt. We have a credit expansion problem that is a bubble set to pop. How did we get here? We talk about some of the problems that led to our current situation. We also talk about a British visitor to the U.S. that was confused about free drink refills because she thought we were capitalists. What she didn't realize is how that proves we are capitalist. We talk about some of the differences between the U.S. and the European Union and how that has changed. We see hard times coming in the U.S. as well as other countries. How can you set yourself up to thrive even in difficult times? We talk about what you can do to protect yourself and your family, so even when times are hard, your world will still be a better place!
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