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BigDeal

How the Debt Crisis ACTUALLY Affects You

BigDeal

Codie Sanchez

Business, Investing, Entrepreneurship, Marketing

4.8681 Ratings

🗓️ 24 September 2024

⏱️ 33 minutes

🧾️ Download transcript

Summary

In this episode, Codie Sanchez talks about her time in Argentina during Cristina Fernandez's presidency and the risks of government overreach in business. She warns about similar issues in the US, including federal debt, rising interest rates, and economic instability. Codie emphasizes the need for individual freedom and less regulation, linking past events to today. She also discusses financial trends like the devaluation of the dollar and the real estate crisis, offering tips for achieving financial freedom in uncertain times. 00:00 START 00:56 Current Events: Government and Business 01:20 The Argentina Experience 03:26 Government Spending and Economic Concerns 06:04 Elon Musk's Economic Warnings 09:10 The Debt Crisis and Its Implications 20:45 Commercial Real Estate and Other Economic Issues 22:21 Censorship and Free Speech Concerns 24:19 The Dangers of Price Controls Register for Bizscout - https://contrarianthinking.biz/3XYT2zr Main Street Millionaire Book Pre-order - msmbook.com 🔗 MORE FROM BIGDEAL: 🎥 Youtube: / @podcastbigdeal 📸 Instagram: / @bigdeal.podcast 📽️ TikTok: / @big.deal.pod Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Whenever the government says, I'm from the government and I'm here to help, they're typically not.

0:05.1

And I am talking about red, white, blue, purple, whatever the f*** color they show up as.

0:11.1

The only good government is a one that is at a distance, allowing you to be able to continue to do the things you need to do on a daily basis,

0:18.5

as opposed to mandating you do one thing or another.

0:25.9

Quick, FYI, before we get too much into it, we've got just a few months before my first ever book

0:31.4

is out in the world. If you want to pre-order it for yourself or anyone you love, you can do that in the

0:35.6

link in the show notes, or you can search it online. It's called Main Street Millionaire. You'll love it. I think it'll make you a lot of money

0:41.0

and I hope you guys pre-order it. Hello and welcome back to all those who put in the work. I'm Cody

0:45.3

Sanchez and this is the Big Deal podcast. Okay, this segment's a little bit different and interesting,

0:50.8

I hope for you guys. We're going to call this one something along the lines of current events.

0:54.7

If you want to tell us what you think we should name this podcast, drop it in the links.

0:58.6

Come up with a catchy name for us.

1:00.0

We've got our interview podcasts.

1:01.6

We've got our Moneymaker podcast series.

1:04.6

And now we got this one where we talk to you about what's happening in the world.

1:07.0

Let me preface it with this. I think we have to obsess a little bit for just a small

1:12.4

amount of time on what's happening with the government right now around us. Let me tell you why.

1:16.3

I used to run a business in Latin America at a company called First Trust. We grew it to over a

1:20.1

billion dollars in assets under management. We were one of the fastest growing international

1:24.1

businesses in Latin America. And before I left that company to go start my own,

1:28.6

I watched what happens when we let the government get in the way of business. In fact, when I was in

1:36.1

Latin America running our business was the same time a new president came on board in a country

...

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