Leave your feedback Share Copy URL https://mypepack.gophersport.com/video/?vid=FrtiSc0npuX Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter 1 debt trick pops bubbles podcast news money wealth [tcZCFWjdVGh] Health Updated on August 12, 2026 EDT — Published on August 12, 2026 EDT "people will borrow money. wealth is not the same as money. so you see a lot of people getting wealthy but you can't spend the wealth. you have to sell the wealth to get money because you can only spend money, right? so what happens is when they need money for one reason or another taxes change or interest rates go up and so they have to pay their debt service and so on there is a pricking of the bubble so that what happens is it falls. okay. and when that happens, people lose money. and as they start to lose money, the process works in reverse because uh when they made a lot of money, they have a lot of collateral, right? they can go borrow money because they're worth a lot. and that compounds on its way up. and then when it comes down the other way, it works the other way. okay?" ytqTynCmsgf jT8ToThjWHe 54w1OR1v1na 0qIijCFM0Fa mBjwy4WviT4 cIyhKt7hTjx
"people will borrow money. wealth is not the same as money. so you see a lot of people getting wealthy but you can't spend the wealth. you have to sell the wealth to get money because you can only spend money, right? so what happens is when they need money for one reason or another taxes change or interest rates go up and so they have to pay their debt service and so on there is a pricking of the bubble so that what happens is it falls. okay. and when that happens, people lose money. and as they start to lose money, the process works in reverse because uh when they made a lot of money, they have a lot of collateral, right? they can go borrow money because they're worth a lot. and that compounds on its way up. and then when it comes down the other way, it works the other way. okay?" ytqTynCmsgf jT8ToThjWHe 54w1OR1v1na 0qIijCFM0Fa mBjwy4WviT4 cIyhKt7hTjx