Berkshire Hathaway Vice Chairman Charlie Munger recently warned against the Federal Reserve’s unbridled money printing. The central bank is going to end up turning the United States into Venezuela with an exponential inflation rate if they continue to print money to cover the government’s excessive spending.
Rising interest rates could still be in our future, even though the Federal Reserve initially stated they would be holding off on such until the end on the year. But according to The Fed’s Chicago leader Charles Evans, if the economy meets the “expectations” of central bankers, they will raise the rates.
In a recent video sit down with Jeff Berwick of the Dollar Vigilante on the YouTube channel Anarchast, Lior Gantz discusses how to profit off the ignorance of socialism. It’s fairly easy to make money especially when you can obviously see that what we have right now isn’t capitalism (regardless of how many times we’re told otherwise).