2024-09-15 Retirement Lifestyle Advocates Radio w/ Karl Denninger

Retirement Lifestyle Advocates

In this week’s episode of RLA Radio, host Dennis Tubbergen interviews Karl Denninger, a prominent economic and political commentator. They discuss the unsustainable trajectory of the U.S. national debt, which has surpassed $35 trillion, and the alarming fact that a significant portion of personal income tax revenues is now used to pay interest on this debt. Denninger highlights the role of Medicare and Medicaid in driving this debt and criticizes the government's strategy of rolling maturing Treasury debt into shorter durations, which has exacerbated the problem. He warns of an impending financial crisis driven by escalating interest expenses and deficit spending, predicting a severe market correction. Denninger also critiques the government's inflationary policies and the unrealistic expectations surrounding artificial intelligence in the stock market. He calls for a fundamental shift in economic policies to address these issues, emphasizing the need for practical solutions over technological fantasies. Mr. Karl Denninger is an American technology businessman, finance blogger, author, and political activist, sometimes referred to as a founding member of the Tea Party movement. Mr. Denninger is the author of the book Leverage: How Cheap Money Will Destroy the World. In the book, Denninger presents an inside look at how moneyed and powerful interests debase the dollar through the willful and intentional failure to honestly represent short and long-term mathematical truths that underlie all economic systems. For information about Karl Denninger please visit www.Market-Ticker.org. For more information about Retirement Lifestyle Advocates, please visit www.RetirementLifestyleAdvocates.com.