BREAKDOWN: ‘It Sure Doesn’t Feel Like the Greatest Economy of All Time,’ Feat. George Gammon
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 30 June 2020
⏱️ 66 minutes
🧾️ Download transcript
Summary
The host of the rapidly growing Rebel Capitalist podcast joins to talk macro, inflation and the almighty battle for ideas.
This episode is sponsored by Bitstamp and Ciphertrace.
What would you do if you were approaching your 40s, burned out and realizing the type of financial success you had been pursuing wasn’t actually serving your true goal of freedom?
If you were George Gammon, the answer would be to change everything and start globetrotting in search of new opportunities.
George Gammon is the host of the rapidly growing George Gammon YouTube channel and Rebel Capitalist podcast. He is rapidly building one of the most rapid macro and investing fanbases around.
In this Free Ideas Festival conversation, he and NLW discuss:
- The pursuit of personal freedom
- Producing a home-flipping TV show in Colombia
- Why inflation is at the heart of people’s economic discontent
- How crony capitalism is driving young people to Communism
- Building a rapidly growing podcast and YouTube empire
Find our guest online:
Website: youtube.com/georgegammon
Twitter: @GeorgeGammon
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:00.0 | Around them, they just see that, my gosh, my standard of living is not improving. I turn on the |
| 0:06.2 | TV and it's supposedly the greatest economy of all time in human history. It sure doesn't feel like |
| 0:13.5 | the greatest economy of all time in human history. And then we're going through all these boom and |
| 0:18.9 | bus cycles. I mean, I used to be relatively well |
| 0:23.0 | off on paper. This is maybe a baby boomer in my 401k. And then that got crushed in the dot com |
| 0:30.6 | bust. And then I tried to go into real estate because that was the smart thing to do. And then I got |
| 0:36.7 | completely wiped out there. And so then I went |
| 0:39.5 | back into the market. Fortunately, it's gone up. But now I'm 70 years old and I just can't afford for |
| 0:46.1 | this market to go down again. Welcome back to the Breakdowns Free Ideas Festival, a 4th of July exploration of ideas with the potential to shape the future of the economy. |
| 1:02.4 | This episode is sponsored by BitStamp and Cipher Trace. |
| 1:06.6 | The Breakdown is produced and distributed by Coin Desk. |
| 1:11.4 | And now, here's your host, NLW. |
| 1:17.0 | Welcome back to The Breakdown. |
| 1:19.3 | It is Tuesday, June 30th, and as you just heard, I'm kicking off a week of what I'm calling |
| 1:24.2 | the Free Ideas Festival to celebrate the 4th of July Independence Day in America. |
| 1:30.3 | Most of the episodes this week will be a deep dive with a guest on a single idea that I think has the potential to reshape the world around us, |
| 1:38.9 | and we're kicking off the week with someone who story embodies the entrepreneurial side of the American dream. |
| 1:46.4 | George Gammon is a perennial entrepreneur. He built businesses throughout his 20s and 30s until |
| 1:51.8 | soft retiring at 38 when he realized that entrepreneurship was giving him money, but not freedom. |
| 1:59.4 | Since then, he's followed his nose around the world for a variety |
| 2:02.4 | of different opportunities from real estate to macro investing. He's gone deep into macroeconomics, |
| 2:08.2 | and over the last year or so, he has built one of the absolute best YouTube channels and one of the |
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