2026-07-20 The Next Financial Crisis? Ed Dowd on Inflation, Stablecoins, CBDCs & the Market Warning Signs

Is America heading toward another major financial crisis? In this week's episode of RLA Radio, Dennis Tubbergen examines why persistent government deficit spending—not interest rates—is the real driver of inflation and why the Federal Reserve may have fewer tools than many believe. Then, former BlackRock portfolio manager Ed Dowd joins the program to discuss the growing role of stablecoins, the future of Central Bank Digital Currencies (CBDCs), universal basic income, recession risks, and how investors can prepare for what may be an increasingly volatile economic landscape. Dennis also highlights several market warning signals, including insider stock selling, elevated valuations, and rising foreclosure activity that every investor should understand. Edward Dowd is a numbers guy who sniffed out Wall Street’s game—he ran a $14 billion equity growth fund at BlackRock before he walked. Now, he's living on the beautiful island of Maui, working as an independent economic & investment analyst and co-founder of Phinance Technologies, still digging into what’s real. His bestselling book, Cause Unknown, threw a wrench in the pandemic story—sudden deaths, economic fallout, stuff they won’t touch. He’s not parroting the suits; he’s mapping the looming debt crisis and what’s coming. To learn more about our guest, Ed Dowd, visit www.eddowd.com. To learn more about Retirement Lifestyle Advocates, please visit our website at www.RetirementLifestyleAdvocates.com.