Our good friend Jason Hartman joined us for a look at the illusion of wealth through debt creation or fake wealth. Has the US been getting poorer or richer since it went off the gold standard. On the one hand, technology has certainly been a prime mover of improving living standards. On the other, stay at home mothers are virtually a thing of the past. How do you reconcile the two? On a related top, self-liquidating debt on investment properties is on the of the best and most profitable ways to play the currency debasement game. You have an income producing property whose cash flow will continue to increase, while the tenant effectively pays off your mortgage. Unfortunately, everyone has gotten in on the game as witnessed by the fact that there’s a shortage of these cash flow properties in the market now.
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from Kerry Lutz Podcasts – Financial Survival Network http://ift.tt/2sSt2nw