Discover how runaway inflation is impacting investing, wealth and the psychology of Americans. Economist Jay Prag joins Andy to discuss the likelihood of reversing inflation with a recession.

SHOW NOTES:

6:06: How Is The Fed Fueling Inflation?

11:39: Why Has Economy Not Entered Hyperinflation?

20:54: How Does The Ukraine War Impact Inflation?

26:05: How Does The Fed Behave Like An Addict?

35:05: How Will The Dollar’s Role Change?

41:10: How Is Russia’s Gold Purchasing Impacting The Global Economy?

44:43: How Do You Financially Plan For Inflation & Recession?

49:54: Why Are So Many Americans Embracing Socialism?

51:06: Is MMT A Failure?

54:56: What Is The Future Of Crypto?

1:06: Why Is The Economic Outlook For 2022 So Uncertain?

SUMMARY:

Discover how America and China are waging a financial war that impacts every citizen around the globe.

SHOW NOTES:

5:42: How Does Bretton Woods Frame The Current Financial Cold War?

11:17: Why Is The Dollar Still The Reserve Currency?

14:48: Is The Digital Yuan Likely To Overtake The Dollar As Reserve Currency?

16:33: Why Are The Saudis Considering Payment For Oil In Yuan?

24:02: What Is America’s “Burden Of A Superpower?”

29:43: Is The Current Global Financial System Sustainable?

32:21: How Will Efficiency Determine The Future Of Money?

35:43: Is Capitalism In Danger Of Collapsing?

44:29: How Does Japan Project The Future Of The U.S.?

52:13: How Will The Ukraine War Impact U.S.-China Relations?