24 min listen
America in Ruins: We’re Entering Our Worst Ever Economic and Social Times Says Peter Grandich
America in Ruins: We’re Entering Our Worst Ever Economic and Social Times Says Peter Grandich
ratings:
Length:
24 minutes
Released:
May 30, 2023
Format:
Podcast episode
Description
“We’re going to face a far worse crisis than what we’re going through this moment,” says Peter Grandich, founder of Peter Grandich & Company, highlighting the massive national debt and incurring interest folks have to pay. “We have half our total revenue going just to pay the interest on our debt which is unsustainable,” he warns. Peter believes the economic turmoil we're experiencing has made the U.S. dollar vulnerable as countries around the world continue to shift away from the currency. "Many people in the world now are starting to dissociate themselves from the United States. That’s what there’s a movement to join the BRICS. The end is in sight now,” he warns. He concludes by highlighting the potential of a huge rally in the stock market if the central bank resolves its massive debt issue and shifts away from its aggressive rate-hike policy.
Released:
May 30, 2023
Format:
Podcast episode
Titles in the series (100)
Crypto Carnage: Why Bitcoin May be Headed to $12,000 And Can UST/LUNA Be Saved?: "Bitcoin shining during inflation was always a myth," claims Gareth Soloway, president and CFO of InTheMoneyStocks.com. He tells our Daniela Cambone that Bitcoin has never experienced an era without quantitative easing stemming from the Fed, and has a... by The Daniela Cambone Show