Steve Forbes: This Is What Happens When The Government Gets Involved In The Economy!

The Income Generation Show, Released on 1/17/22

Steve Forbes joins The Income Generation to discuss how you can inflation proof your retirement!

Steve Forbes is an American publishing executive who was twice a candidate for the nomination of the Republican Party for president. He is the editor-in-chief of business magazine Forbes magazine as well as president and chief executive officer of its parent company, Forbes, Inc. Mr. Forbes’ latest book is Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming The Fed will Restore Hope and Prosperity

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Edwin Lawrence Zieminski

Yes, Mr. Forbes every time the F.R. makes errors you and your friends prosper …I am sure privately you like those errors. Dividend paying stocks as a recommendation? Not in these times especially (per your prediction) that long term rates could rise much more than expected so what does that do for the value of the dividend paying stocks …a journey to the toilette. The American peasantry received a few extra dollars (yes, these serfs realized how much their lives could be enhanced with a little extra income) and of course they get blamed for the inflation we are experiencing and they have realized that wages have fallen in real terms for decades. Since 1980 to present, economist figure over 50 trillion has been denied to the working class if productivity and inflation adjustments were made by the same amounts as was achieved from 1940 to 1979 ….the slow death of the American dream. They also figure a $23/hr. min.wage….how does that grab you? (I am 79 and have followed the economy and markets since 1958 and lived the decline of the middle class) To your credit I do AGREE that Biden’s executive orders on energy production set off an inflation wave but I also believe that the energy companies promoted the idea since oil and nat gas prices were quite low for a long period due to over production. Biden is in office to take the hits while the wealthy enjoy enhancing wealth. Gold & silver hell no! Silver is a complete disaster. I was watching a western and a price of $1.23 per ounce was posted for silver and since prices are up 55 to 60 times from the 1870’s, silver should be in the $75-100 range.