Result of Credit Provider Short Term Category at the 2020 Online Debt Review Awards Show.

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Ray Dalio, the founder of a successful hedge fund, has popularized the long term debt cycle which says that there we see short term debt cycles laid on top of a long term debt cycle which crashes every 50-100 years.
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Recommended:
Why Financial Education Is More Important Now Than Ever: https://www.youtube.com/watch?v=0cScikkNXqQ&list=PLKsS_EjCEmdp1Ou6YeukY1refAQY251ef

The Economy Is Due For A Debt Crash – Long Term Debt Cycle & Credit Crisis
0:50 – Every 8 to 10 years we see an economic crash from the short term debt cycle and every 50 to 100 years we see a long term debt cycle crash
2:25 – The short term debt cycle lays on top of the long term debt cycle that most people don’t even know about
3:30 – How does credit work to create value out of thin air
4:17 – The more money you spend the more money someone else makes
5:52 – When people make more money they are more credit worthy which expands the economy
7:35 – What happens if the economy slows down and people spend less money
9:15 – What happens when you hit a peak on the long term debt cycle and the central bank can’t stimulate the economy
10:55 – What happens during a long term debt cycle crash and credit disappears during the deleveraging phase
11:50 – What happens when the economy enters a deleveraging phase in the economy
13:45 – When does the Fed start printing more money to fight deflation
14:45 – How to balance the printing of money with loss of credit

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DISCLAIMER CONT’D: I’m just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

The Money Champ’s Guide to Getting a College Degree Debt Free gives you the blueprint on how to attend college without falling into substantial debt. Through sharing his personal story, tips and strategies, podcast interviews, and other resources, Nick Blair shows you the key to success. In this book, you will discover: • The proper way to prepare financially for college • How to find your area of interest before you graduate high school • Strategies on picking the right classes for your future • How to find and get the best and most advantageous scholarships and grants • Creative ways to generate more income while in college • Money and time-management principles and savings strategies • Real-life scenarios to think through and role play