Chris Whalen: The Economy's At A Tipping Point
Update: 2024-07-04
Description
Today's guest wrote the book "Inflated: How Money & Debt Built The American Dream"
In it, he wrote: "The first rule of any fiat system is no fiscal deficit"
Well, the US -- and virtually every other G7 country -- is breaking that rule six ways to Sunday given the unprecedented record levels of deficit spending currently underway.
Does that mean we're headed for trouble?
To find out, we'll ask the author himself, Chris Whalen, Chairman of Whalen Global Advisors LLC and expert on the banking, mortgage finance and fintech sectors.
WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
#inflation #debt #bankingsystem
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Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support
In it, he wrote: "The first rule of any fiat system is no fiscal deficit"
Well, the US -- and virtually every other G7 country -- is breaking that rule six ways to Sunday given the unprecedented record levels of deficit spending currently underway.
Does that mean we're headed for trouble?
To find out, we'll ask the author himself, Chris Whalen, Chairman of Whalen Global Advisors LLC and expert on the banking, mortgage finance and fintech sectors.
WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
#inflation #debt #bankingsystem
---
Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support
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