E50: Transforming Debt into Wealth - w/ Richard Vague
El Podcast29 Loka 2023

E50: Transforming Debt into Wealth - w/ Richard Vague

Richard Vague explains how money is created through debt, why inflation is usually a supply problem—not “money printing”—and how understanding private debt is the key to avoiding financial crises and economic inequality.

👤Guest Bio: Richard Vague is the former Secretary of Banking and Securities for the Commonwealth of Pennsylvania and currently the managing partner of Gabriel Investments, an early-stage venture capital firm. He is the author of The Paradox of Debt: A New Path to Prosperity Without Crisis, along with several other books on economics, finance, and American history.

📚Topics Discussed:

  • How banks create money through lending
  • The real meaning behind “printing money” and why the phrase is misleading
  • Quantitative easing vs. money printing
  • Why debt growth drives asset prices and widens inequality
  • The role of private sector debt in predicting financial crises
  • China's economic vulnerabilities and demographic collapse
  • Inflation as a supply shock—especially from war and energy
  • The promise of reshoring high-tech manufacturing to the U.S.
  • CBDCs, Bitcoin, and the future of monetary systems
  • How to fix student debt and support sustainable growth

💬Top 3 Quotes:

  • “All money is created by debt.”
    – A foundational truth behind modern monetary systems that Vague stresses must be better understood.
  • “The more debt you have, the higher stock and real estate prices go… but if the wealthy own most of the assets, inequality widens.”
    – On the mechanics of wealth concentration in debt-driven economies.
  • “If everyone paid off their loans at the same time, there would be no money left in the system.”
    – A powerful illustration of how debt underpins the entire money supply.

🎙 The Pod is hosted by Jesse Wright
💬 For guest suggestions, questions, or media inquiries, reach out at https://elpodcast.media/
📬 Never miss an episode – subscribe and follow wherever you get your podcasts.
⭐️ If you enjoyed this episode, please rate and review the show. It helps others find us.

Thanks for listening!

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E5 Puerto Rico Tax Incentives “Act 60” Explained (20/22)

E5 Puerto Rico Tax Incentives “Act 60” Explained (20/22)

Welcome to Episode 5 of El Podcast. In this episode, we interview Puerto Rican tax attorney Giovanni Mendez, Esq about Act 60 and how it benefits the Puerto Rican economy. We also discuss Puerto Rico statehood and independence, Puerto Rico's annual budget and how much do the Act 20/22/60 community pay in taxes. Watch Full Video: https://youtu.be/rbts_dC5Wik Also, LIKE AND SUBSCRIBE! 🙏💖 Special Thanks to Giovanni Mendez, ESQ🎙 The Pod is hosted by Jesse Wright 💬 For guest suggestions, questions, or media inquiries, reach out at https://elpodcast.media/ 📬 Never miss an episode – subscribe and follow wherever you get your podcasts. ⭐️ If you enjoyed this episode, please rate and review the show. It helps others find us.   Thanks for listening!

31 Loka 20221h 12min

E4 Gen X vs Millennials - El Podcast Ep 4

E4 Gen X vs Millennials - El Podcast Ep 4

Welcome to Episode 4 of El Podcast. In this episode, we travel back in time with a Gen X human. We talk about the differences between Generation X and Millenials, the latchkey generation, and the origin of the hustle culture. Find out Dan's take on the "throwaway generation" and how consumer culture began. Watch Full Episode: https://youtu.be/LNdFW8myhyY🎙 The Pod is hosted by Jesse Wright 💬 For guest suggestions, questions, or media inquiries, reach out at https://elpodcast.media/ 📬 Never miss an episode – subscribe and follow wherever you get your podcasts. ⭐️ If you enjoyed this episode, please rate and review the show. It helps others find us.   Thanks for listening!

24 Loka 20221h 19min

E3 The truth about Act 60 and Act 20/22 Puerto Rico Tax Incentives - El Podcast Ep 3

E3 The truth about Act 60 and Act 20/22 Puerto Rico Tax Incentives - El Podcast Ep 3

In this episode of El Podcast, we talk with Puerto Rican attorney Roberto A. Corretjer. Roberto is the Managing Partner at Omnia Economic Solutions, an economic development firm that has exclusively worked with Act 60/ 20/ 22 since 2013. They have members that actually helped write the Act 20 and 22. Watch Full Video: https://youtu.be/CgEl7NS0wNs It's a loaded episode and helps demystify these Puerto Rican tax incentives. So grab a drink and join us in the greatest virtual happy hour in the Universe. 🎙 The Pod is hosted by Jesse Wright 💬 For guest suggestions, questions, or media inquiries, reach out at https://elpodcast.media/ 📬 Never miss an episode – subscribe and follow wherever you get your podcasts. ⭐️ If you enjoyed this episode, please rate and review the show. It helps others find us.   Thanks for listening!

14 Loka 20221h

E2 Getting Started as a Content Creator with Abel Man - El Podcast Ep 2

E2 Getting Started as a Content Creator with Abel Man - El Podcast Ep 2

Welcome to episode two of El Podcast. Up and coming Tik Tok star Abel Man talks about how to get started as a content creator and overcoming fears. Grab a drink and join us in this virtual happy hour! Watch Fulll Video: https://youtu.be/fGnMU46CyZI🎙 The Pod is hosted by Jesse Wright 💬 For guest suggestions, questions, or media inquiries, reach out at https://elpodcast.media/ 📬 Never miss an episode – subscribe and follow wherever you get your podcasts. ⭐️ If you enjoyed this episode, please rate and review the show. It helps others find us.   Thanks for listening!

7 Loka 20221h 21min

E1 What is the "Gringo go home" movement of Puerto Rico? - El Podcast Ep 1

E1 What is the "Gringo go home" movement of Puerto Rico? - El Podcast Ep 1

Welcome to the first episode of El Podcast. In this episode, we discuss the "Gringo Go Home" movement in Puerto Rico with two Puerto Rican locals. Watch Full Video: https://youtu.be/04yBd5iEy-Y🎙 The Pod is hosted by Jesse Wright 💬 For guest suggestions, questions, or media inquiries, reach out at https://elpodcast.media/ 📬 Never miss an episode – subscribe and follow wherever you get your podcasts. ⭐️ If you enjoyed this episode, please rate and review the show. It helps others find us.   Thanks for listening!

5 Loka 20222h 3min

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