4.6 • 1.9K Ratings
🗓️ 15 May 2023
⏱️ 51 minutes
🧾️ Download transcript
Today’s show is sponsored by Systeme.io. If you’re looking for a great page builder, newsletter creator, CRM, and course hosting then this is the only service you need.
If you were hoping for a soft landing after the Fed started hiking interest rates you may want to reevaluate. It turns out you can’t stoke an economic fire for decades and then pull back the fuel source and expect everything to be fine.
We’re now seeing the economy teetering on the edge of a serious recession.
Unemployment is spreading outside of the tech industry and now there are approximately $1 Trillion dollars in corporate bonds that may default. That’s on top of the massive corporate real estate bubble that’s about to pop.
This should be a wake-up call to every American. You’re useful until you aren’t. Your job is safe until it isn’t.
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0:00.0 | Well what's up my friends this is the Jason Stapleton program the entrepreneurial podcast that breaks down the skills |
0:06.4 | You need to start and grow a business that creates more wealth and freedom for you. That sounds like your jam. Let's get started |
0:16.0 | Woo! So feel like the economy's in turmoil. I don't know that it feels that way right now. |
0:23.5 | I welcome back everybody happy Monday to you. I'm glad that you're here. Thanks so much for being part of the show |
0:27.8 | Thanks for sharing the show. We love it when you all do that. So if you like today's episode if you get some value out of it |
0:33.4 | Please hit that like and share button. Tell everybody what's going on |
0:36.4 | What's going on all you guys watching live as well? Glad to have you all here |
0:41.6 | And I got a pretty good show for you today |
0:43.4 | What I want to do is talk a little bit about some of the things that are compounding in the economy right now |
0:48.6 | And and some of the things that it would appear are happening on the horizon now before I do that |
0:53.7 | Let me explain to you that as I as I typically do with these |
0:57.6 | I try and give a little bit of disclaimer here because anytime we start talking about economics |
1:02.9 | Economics is a terrible judge of timing |
1:07.0 | We can't use economics to judge time when events will occur |
1:11.6 | But we can look at what's happening in the economy and say this is not going to be good long term for us |
1:16.9 | It's kind of like the national debt. We just keep adding on to it. We keep borrowing money and printing money |
1:21.7 | And for years and years you said hey all this printing of the monies is probably going to cause some problems to our economy |
1:28.1 | We're probably going to create a little bit of inflation with this eventually |
1:31.4 | Because as soon as the economy starts heating up a little bit and that money starts changing hands |
1:35.6 | We're going to have some problems |
1:37.0 | But we didn't know exactly when that would happen |
1:39.4 | Then of course we have covid we lock everybody down for a year and a half |
... |
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