Aug 20, 2018
E49: Is the Financial Bubble About to Burst
In this episode, we discuss what Ron Paul calls, "The biggest financial bubble in the history of mankind," and how you can survive the next financial disaster.
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This bubble is built on the fact that the U.S. debt to spending ration is completely out of balance. Basically, we're not doing anything to reduce our debt, but we also just keep spending, and spending, and spending.
The U.S. debt to spending ration is more than merely bad budgeting, though. It also impacts the stock market. Most of us would probably agree that the market is overpriced right now. It's inflated, it's a bubble as they would say. Even though most of us have this feeling that, "Okay, it's true that markets go up, they go down. Ride them out and up, then it crashes, then you ride it back up." Most of us are aware that it's been 10 years since the last major crash, the last major correction. That's a long time in the world…