Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

💰🏗️ Building Profit From Liquid Capital #shorts

27 Jul 2023 · 1 min

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0:55

A short YouTube conversation (recorded July 27, 2023) between Richard Canfield and another speaker about the current opportunity and importance of raising private money. The respondent argues that post‑COVID monetary expansion has increased liquid capital (money in people’s checking accounts), contributing to inflation but also leaving investors seeking places to deploy capital—making private‑money raising skills more valuable now.

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And so there's a little bit of that similar fear taking place again here both in Canada and the United States. So I'm curious as you look at the opportunity for building the skill set of raising private money today even in comparison to before COVID what would you say about its value and its importance now given the current economic climate?
Given the current economic climate, there's more liquid capital on the street and when I say on the street, I mean in people's back pocket in their checkbook. Regardless of your political affiliation, here's the facts. There's been more money printed in the basement of the White House in the current administration than ever before. So you've got all that I mean that's been that's contributed of course to the inflation, you know, situation that we have. You got all this money. Well, the flip side benefit of that is you got all this money and people are looking for a place to put it.