While it’s been predicted that the Fed may soon begin to “taper” the amount of money it creates each month, it is unlikely to stop printing money altogether any time soon. Today’s guest describes the Fed’s addiction to printing money as “monetary heroin” explaining that 40% of all money in existence in the U.S. has been created in the last 18 months.
Peter Grandich, the author of Confessions of a Former Wall Street Whiz Kid, says, “There are a lot of reasons to be cautious and bearish, and very few reasons to be optimistic and bullish.”
Grandich also explains what he sees as the next great threat to the US—not terrorism or bio-warfare, but an economic time bomb of unprecedented proportion, additionally, Grandich exposes some of the dirty business of Wall Street.
Hosts Robert and Kim Kiyosaki and guest Peter Grandich discuss market manipulation and the government’s addiction to printing money.
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