You're listening to TI P.

You're listening to TI P.

How's everyone doing out there? Welcome to the investors podcast. I'm your host Preston

Pish and is always accompanied by my co-host Stig Broderson. Like we said in the

introduction, we're really excited to be covering Ray's new book, Big Debt Crisis.

I can tell you one thing. If you're in finance and you don't have this book, you might want

to go out and get it because this is a master piece of macroeconomics as far as I'm concerned.

So what Stig and I are going to do is we're going to talk about the overall layout of the

book, our general thoughts, and then what we're going to do is we're going to plow into a lot of

the main content. I would tell you if you're new to finance or you're just starting business

school or something like that, I would probably tell you that it's probably a hard read for

you. This is more of a master's or a doctorate level read. I would tell you to go out there and

watch Ray's video. It's called How the Economic Machine Works. We'll have a link to that in the

show notes. I also want people to know that Ray has put this book out there completely for

free on a PDF. We'll have a link to that in the show notes so that and we'll also reference some

page number. So if you're listening to this and you're kind of flipping through the book or you have

the PDF open on your computer, you'll be able to go to the exact spot that we're talking about and you'll

kind of understand the context. And if you want to read more from that spot, you'll be able to do that.

With that said, just go ahead and start talking about the first book. When I got this in the

mail, I was kind of surprised because it wasn't what I expected. It came in like this case. And then

there was three books inside of the case. I really like how he did this because the first book called

part one, it talks about the archetypal big debt crisis. And what it does is it's there's no case

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