The Pandemic and the Return of Inflation
Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business - Un pódcast de The Rich Dad Radio Network - Miercoles
The impacts of Covid-19 are causing incredible unrest in the economy and the workforce. Political and social unrest continues to grow, and the U.S. economy is teetering on collapse. The only thing keeping the economy from total destruction is that the Fed continues to print money. As a result, there’s going to be a lot of volatility in the prices of commodities in the developed world. This includes hyper-inflation where gold performs incredibly well. Today’s guest predicts that with the mass printing of money, the U.S. could see higher inflation within five years. Lyn Alden, a respected maco-analyst, says, “When we see cases of higher inflation, you see two things: the destruction of the productive base and the country owes a debt in a currency they can’t print.” But because of a history of commodity over-supply, inflationary policy hasn’t been very apparent. Host Robert Kiyosaki and guest Lyn Alden discuss the two indicators of hyper-inflation to watch for and the Fed’s response to it. Website: www.lynalden.com Learn more about your ad choices. Visit megaphone.fm/adchoices
