Imagine a world where private ownership is obsolete and your happiness is not only promised, but guaranteed. Sound like a dystopian novel? Well, according to the World Economic Forum's predictions for 2030, this could be our reality. Join us as we dissect this alarming forecast with our guest, Carol Roth, an entrepreneur, recovered investment banker, and author of the thought-provoking book, "You Will Own Nothing". We delve into a myriad of topics that are interconnected - from social credit and ESG to Wall Street's competition with everyday people to purchase homes.
Navigating the murky waters of financial stimulus, we discuss governmental influence and the dangers of taking money without fully understanding the implications. It's a firm belief that financial literacy is the key to preserving the American Dream. And what happens when people have nothing left to lose? We contemplate potential uprisings and how to equip our listeners with the knowledge that can help to avert such a scenario. The conversation ventures into the prospects of a digital dollar and the weaponization of the dollar by the US government, revealing unsettling truths and potential outcomes.
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In the final act, we scrutinize the ripple effect of the Fed's interventions in the housing market, the entry of institutional money into single-family markets, and the concerning shift of wealth from Main Street America to Wall Street. Drawing parallels to the Twilight Zone, we caution listeners on the unforeseen consequences of good intentions gone awry. With the looming resistance of central banks and governments to decentralization, it's imperative to arm ourselves with knowledge and awareness, as Carol Roth's research underlines. This episode is a powerful call to action to push back against central planning dictates and mandates, and to remain vigilant and informed in these turbulent times.
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The Possibility of a World Without Private Ownership: A Discussion with Carol Roth