meta_pixel
Tapesearch Logo
Log in
Radical Personal Finance

703-On-the-Ground Insights to Prepare for a Venezuela-Style Economic Collapse

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 26 February 2020

⏱️ 90 minutes

🧾️ Download transcript

Summary

The most important economic collapse ongoing in the world right now is Venezuela. Today, I bring you an interview with a friend of mine who is actively working inside Venezuela to bring relief. He's here to share with you his experiences of what things are actually like inside Venezuela.

Joshua

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Radical Personal Finance and Show dedicated to providing you with the knowledge,

0:09.6

skills, insight and encouragement you need to live a rich and meaningful life now

0:13.5

while building a plan for financial freedom in 10 years or less. Today on the show

0:18.0

we're going to talk a little bit about our economic crisis and collapse. How exciting

0:22.1

I'm here with my friend Jimmy who's been working as missionary who works in Venezuela has been working there for many years and on today's show we're going to talk a little bit about Venezuela including also about the

0:33.3

project that the radical personal finance community was was instrumental in

0:37.9

helping to get started but we're mainly going to focus on the economics of what's

0:41.7

happening in Venezuela I think it's one of the

0:44.6

most instructive scenarios because a lot of people worry about what does a total economic

0:49.6

crisis look like, what does a collapse look like? Well in today's, the place to go if you're interested in seeing what

0:55.6

those kinds of things look like is Venezuela. So Jimmy, welcome back to Radical Personal Finance.

1:01.4

Thank you, thank you for having me back.

1:03.0

So I would like you to describe.

1:06.0

You have been going to Venezuela for 20 years more?

1:10.0

No, 30 years.

1:12.0

30 years. 30 years.

1:13.0

So I'd like to begin, describe what you have observed with your firsthand experience in Venezuela

1:20.6

over the last 30 years.

1:22.1

Lay out what has happened over that 30 year timeline up until today

1:25.9

economically speaking well the first times when I was in Venezuela it was I remember it was very prosperous, a city very expensive.

1:36.8

I remember we were paying a huge amount of rent for a very small apartment, my wife and

1:42.0

I.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.