Monetary and Fiscal Policy Causes of Economic Calamity Poised to Strike America
July 8, 2013
Hosted by Jordan Goodman
Our guest today, Bill Frezza, is a Fellow in Technology and Entrepreneurship at the Competitive Enterprise Institute and a contributing columnist for Forbes.com, the Huffington Post, and Bio-IT World. We will focus on an examination of the monetary and fiscal policy causes of the economic calamity that is poised to strike America. This calamity, in Bill’s view, will be a massive (50%?) stock and bond market correction followed by another round of bank bailouts, hyperinflation, a breakdown of middle class entitlements, a wave of municipal bankruptcies, the collapse of many defined benefit pension plans (particularly in the underfunded public sector), followed by public disorder and political chaos similar to what we are witnessing in Greece. His view is that all boundaries between the TBTF banks, the Federal Reserve, and the US Treasury have broken down, driving the excess financialization of our economy to unsustainable levels.
The Money Answers Show
Monday at 12 Noon Pacific Time on VoiceAmerica Business Channel
Do you need directions to a solid financial future? If so, The Money Answers Show with Jordan Goodman will provide you with a roadmap to making smart money decisions in every area of your personal finances. Join Jordan every Monday at 12 PM/PST 3 PM/EST for The Money Answers Show, on the VoiceAmerica Business Channel. Learn how and where to get the best deals on mortgages, cars, and insurance; find out the best ways to save for college and retirement, get out of debt, improve your credit rating, and save on your taxes. The Money Answers Show with Jordan Goodman will provide you with great tips on investment opportunities in real estate, stocks, annuities, and other investment vehicles. That’s The Money Answers Show with Jordan Goodman on the VoiceAmerica Business Channel, every Monday at 12 PM/PST.
Jordan Goodman has a mission: to help everyone do better with money. Since graduating the Columbia University School of Journalism in 1977, he has spent the past 32 years combing the country to find the very best ways to help consumers make and save money and then sharing these gems with the public. As a staff writer/reporter at MONEY Magazine for 18 years, a weekly commentator on NBC News at Sunrise and Public Radio’s Marketplace Morning Report, and through his 12, soon to be 13 highly respected books, and his website www.moneyanswers.com, he has provided useful, common-sense information to the public. Some of his better-known books include Fast Profits in Hard Times, Everyone’s Money Book, the Dictionary of Finance and Investment Terms and Master Your Money Type. Jordan is a rare combination: someone who possesses not only encyclopedic knowledge about every area of personal finance but also a passion for helping his listeners not only to get educated but to take action to help their dreams become realities.