Why The Rich Are Getting Richer Get Rich Education

The wealthy are enjoying federal monetary stimulus. Meanwhile, unemployed tenants can now be evicted nationally (check your local law).
Own assets? Great. Mortgage interest rates are at historic lows; the S&P 500 is at an all-time high.
(Entire episode transcript is below. Read as you listen.)
In the pandemic, tenants want single-family homes more than communal apartments.
Fannie Mae & Freddie Mac want to add a 0.5% refinancing fee. 
Homebuilder sentiment is high? Why? High demand, low inventory, low rates.
Stagflation is explained. It is a stagnant economy with high inflation.
There are signs that inflation is poised to increase.
Resources mentioned:
Inflation Triple Crown video:
https://youtu.be/dZojl686fU0
Section 8 turnkey property:
www.GetRichEducation.com/Section8
Stagflation video:
https://www.youtube.com/watch?v=YaC_PNKu_Cg&feature=youtu.be
Elevator Anxiety:
https://www.axios.com/elevator-anxiety-reopenings-9a474985-4786-43a3-8b64-5119ff7f2267.html
Mortgage Loans:
RidgeLendingGroup.com
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New Construction Turnkey Property:
NewConstructionTurnkey.com
Best Financial Education:
GetRichEducation.com
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GREturnkey.com
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Complete Episode Transcript:
 
Welcome to Get Rich Education. I’m your host, Keith Weinhold. 
 
The rich are getting richer and the poor are getting poorer. I can’t think of any one time in my life where that’s been happening more than it has been than right now.
 
I’ll tell you why - and what you need to do to get on the right side of that. 
 
What is going on in the real estate market and what are the real estate economics that matter? Then, a discussion about inflation. Today, on Get Rich Education.
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Hey, you’re inside GRE. From Manila, Philippines to Managua, Nicaragua and across 188 nations worldwide, I’m Keith Weinhold. This is Get Rich Education.
 
The rich are getting richer, the poor are getting poorer - and I can’t think of any one time in my life where that’s been happening more than it has been than right now.
 
Because Americans living paycheck-to-paycheck might now be ... paycheck-less. Some of them are laid off - because of the pandemic - and now they're concerned that there's no national eviction ban.
 
That’s right. In most states, non-paying tenants CAN be evicted at this time. Now, you’ve got to check your local law.
 
Well, when is Congress going to do something to relieve those that the pandemic has left unemployed?
 
Well, they don’t even reconvene until after Labor Day.
 
Some people are wondering - “Where is the CARES Act 2?” Where are those updated forbearance options, eviction moratorium, the PayCheck Protection Program, and the $1,200 stimulus checks and the stepped-up weekly unemployment compensation?
 
In fact, Richmond Fed President Thomas Barkin had  good metaphor. He said: “Months ago, when we did the first stimulus, we thought the economy faced a pothole and the stimulus put a plate over it so we could navigate. 
 
Now escalation of the virus may be making that pothole into a sinkhole and creating a need for a longer plate.” That’s the end of what the Fed President said.
 
Now, look, I think there’s a lot to be said for just letting the free market do it’s job. 
 
But it’s a little hard to be in this laissez-faire, Austrian economics school of thought when some people could be suffering.  
 
So that you know what I’m talking about, “lay-say-fare” basically means no government intervention into the free market.
 
Meanwhile, the rich are bingeing off Federal Reserve policy and liquidity injections that k