351: Jim Rogers - Inflation & Your Economic Future

Legendary investor and business mogul Jim Rogers joins us from Singapore. Inflation is on the rise. I was just asked to leave a tip at Subway for the first time. Inflation nudges most people toward poverty. It moves GRE listeners toward prosperity. Rents for detached SFHs are up 7.9% year-over-year. The NAR just told us America is 6.8 million housing units short of demand. World governments are printing, spending, and driving interest rates to all-time lows. Historically, this has led to higher inflation. I ask Jim Rogers about inflation and the prospects for U.S. hyperinflation.  He believes interest rates will go higher “in the next few years”. He likes tying up 30-year fixed rate mortgages. Jim thinks the free market might take control of interest rate policy away from The Fed (wow!). “The next recession is going to be the worst in my lifetime.” -Jim Rogers Jim Rogers & I also discuss: MMT, agricultural real estate, cryptocurrency, and advice for a young person. I explain what CBDCs are - Central Bank Digital Currencies. Resources mentioned: Jim Rogers’ resources: www.JimRogers.com SFH Rents See Huge Gains: https://www.cnbc.com/2021/06/15/rents-for-single-family-homes-just-saw-the-largest-gains-in-nearly-15-years.html America Is Short 6.8 Million Homes: https://www.businessinsider.com/housing-market-short-millions-homes-homebuilding-real-estate-nar-report-2021-6 Show Notes: www.GetRichEducation.com/351 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com Ali Boone’s Recommended Book: https://amzn.to/2NsMVlF EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold