253: Jim Rickards | Aftermath
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 12 August 2019
⏱️ 43 minutes
🧾️ Download transcript
Summary
Jim Rickards is our guest today.
Debt is growing faster than the economy.
In an eventual financial crisis, we discuss how a real estate investor will fare.
A prolific author, Aftermath is Jim Rickards’ new book.
Debt, inflation, and interest rates are macroeconomic forces that affect you daily.
The U.S. has $23 trillion in debt. Why can’t we just keep kicking the “debt can” down the road?
Alexander Hamilton effectively created the debt 230 years ago.
When the debt-to-GDP ratio exceeds 90%, problems occur. It’s 103% in the U.S. today.
We discuss debt solutions, and why negative interest rates and Trump tax cuts won’t work.
Rickards says inflation has nothing to do with money supply; it’s about psychology.
Learn how a new international monetary system looks - outside the U.S. dollar.
In a new system, hard assets retain value. Stocks and bonds lose substantial value.
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Transcript
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| 0:00.0 | Welcome to Get Rich Education. I'm your host, Keith Weinhold. Debt, inflation, and interest rates are substantial factors for any real asset investors' portfolio returns. They're largely driven by macroeconomic forces. It's a big picture national and international chat today with Jim Rickards. How will you be positioned in what he calls the financial aftermath today on |
| 0:22.6 | get rich education? |
| 0:26.8 | Countless property investors get killed with maintenance costs, but that's far less likely when |
| 0:31.8 | you buy brand new construction. |
| 0:33.6 | Let me tell you about JWB real estate capital in Jacksonville, Florida. They pioneered |
| 0:39.1 | the build-to-rent model where you can invest in new construction turnkey rental properties. That's why |
| 0:44.7 | JWB was featured on the front page of the Wall Street Journal. To learn more and see inventory, |
| 0:50.0 | go to new construction turnkey.com. |
| 0:57.6 | Finally, total control financial gives you checkbook control of your 401k and IRA money to invest in |
| 1:04.0 | real estate. |
| 1:05.3 | It's time to get your retirement money into your own checking account, but you've got to |
| 1:10.1 | avoid the little known tax that you'll |
| 1:11.7 | pay with any self-directed IRA. Instead, it's time for the QRP. Learn more and get your free copy |
| 1:18.7 | of the QRP book by text messaging, QRP in all capital letters to 72,000. |
| 1:36.2 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:40.3 | This is Get Rich Education. Interest education, interest rates, debt, and inflation affect you as an investor and just as an everyday layperson. |
| 2:05.4 | Fees are driven by more national and international forces than what happens at your local level. |
| 2:12.1 | For example, one big reason that the Fed announced lower interest rates 12 days ago, their first cut since 2008, |
| 2:18.6 | by the way, is to try to get higher inflation. And, you know, I'm often reminded about how few |
| 2:25.3 | people think about the diminished purchasing power of the dollar. Recently, I met an older |
| 2:30.9 | couple from Tulsa, Oklahoma. I got talking to the husband about real estate, |
| 2:35.7 | and he mentioned that he recently sold the home that they had lived in for 30 years, |
... |
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