Grant Cardone argues hard assets like real estate are the only reliable wealth store over 10 to 30 years. He warns the stock market and cash are traps, and predicts community banks will fail to lend, triggering a prolonged recession.
So I'm not worried about my money for three months. I'm worried about my money for 10 years, 20 years and 30 years when I can't work anymore. Tell me about why you like hard assets. Yeah. So hard assets are about to suffer and I'm biased towards real estate because I'm heavily invested there. I need it to be right. But it has been right for a thousand years. So I am a contrarian buyer. I do. I hate the stock market. I hate the idea of trading paper for paper, including my retirement money. But if I look at some things that are happening with the banking business, right, banks are in trouble. I've been saying for years, I don't want to keep my money at a bank because the bank can't pay you anything. Community banks are going to have a lot of trouble lending people money here going forward, which means we're going to probably end up at a very, very, very long and ugly recession.
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