The Wealthy Idiots Show

Dave Ramsey; Totally WRONG About the economic collapse (2022)


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Dave Ramsey arrogantly made predictions about the housing market in the early summer using incomplete data. Now, Dave is making the same mistakes regarding the 2022 economic collapse. AJ explains what's happening using data and corrects Dave's statements about the current federal reserve actions.


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00:00 Introduction

02:05 Dave Ramsey, the Fed is Trying to Crash the Economy

05:17 AJ's Initial Reactions

05:52 Devaluing debt is why the Fed maintains an inflationary cycle

07:43 The Fed is trying to prevent recession pulls from both sides

08:18 Definition of Inflation

10:01 Money printer go BRRRRRR

10:23 Lowered Interest Rates to Epic Lows

11:00 Fractional Reserve Banking

12:35 What will happen if we just allow inflation to continue?

15:01 Dave predicted the housing market incorrectly

16:50 Conclusion



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The Wealthy Idiots ShowBy The Wealthy Idiots