THE REAL WORLD OF MONEY
Andrew Gause may just be the top man anywhere for the highest quality analysis into the world of money we all live in. Andrew is a currency historian, an internationally recognized expert on the United States monetary system. He’s written two books, “The Secret World of Money” and “Uncle Sam Cooks the Books”. You can order these books as well as speak to Andrew personally. As a One Radio Network listener, you’ll have highest priority in his phone time. His # is 800.468.2646
-We started the show looking back to The Lehman moment in 2008 and followedthe bouncing financial ball from all angles up to today. This is good stuff!
-Glencore mining selling 900 million dollars in silver not yet out of the ground
-What ‘The Boys’ have been doing with this dollar on steroids and how they make money both ways
-Is the financial situation in the world today unprecedented?
-A look back at 1915, what a difference 100 years makes
-Russia says they will start selling their oil for rubles
-Andy explains, very simply, what this “Bond Bubble” is many are writing about
-The eight big banks are being told to raise more capital and you are the investor with your deposits
-74% of all taxes paid in to Treasury goes for some kind of debt service and the Military uses up the rest.
How’s that for a balance sheet?
-Means testing is more than just being mean
-Andrew explains the process of how a Presidential candidate actually gets on the ballot
-Why Andrew has a problem with the incarceration rates for victim less crimes
-Mike, from FL, calls in to ask if certain coins are more popular than others and does popularity change from year to year like the genres of music do
-A listenerjust purchased $10K worth of 1 oz Silver Eagles. With regard to reporting on his tax return, should he report the purchase and when he sells, or just when he sells?
-Question from a listener:Thanks to Andy and the Real World of Money, I know every six or so weeks when the FOMC meets and the financial world asks “while she or won’t she raise rates”, I know she won’t because the only reason she would is to defend the dollar. First question, what level on the dollar index would require defending? Below 2011 lows perhaps? Buy I don’t understand the gloom and doomers that say the dollar is going to collapse. Collapse relative to the Euro, with Greece, France, Italy, and the rest of the socialists, and Japan, QE on steroids, Canada, the new socialists on the block. How could the dollar tank relative to the competition?
On the political side, in 2000 the debt was $4 trillion, we paid $400 billion in interest. Today, the debt is $18 trillion and we pay $400 billion in interest. Higher rates mean higher taxes, and a bad economy. But with all of the QE, the fear is inflation. But Andy has taught us that because of low velocity of money, and low factory utilization there is no inflation. However, what if the Donald becomes President and with sound management of the country we could see the velocity of money increase and factory orders increase. Would we see majorinflation? Then we would seepressure to raiseinterest rates to cool down the economy. The only way the world governmentscan control their debt is though massive inflation.It seems like a damned if we do, damned if we don’t scenario. Bad economy, low rates, low inflation, or good economy, massive inflation. Is my analysis correct? What does Andy see long-term with both political outcomes?
-Trader Scott shares a few comments and takes a look at the markets
-Question from a listener:Can you ask Andrew if the War on Drugs, which only seems to expand drug use, is a reverse balance-of-payments issue? In other words: another ejection point for money exiting the US, thereby reducing inflation, and ultimately returning, covertly, to the banking system through money laundering.
-Question from a listener: I was wondering if Andy remembers the story that went around earlier this year about JP Morgan’s massive hoard of silver bullion(55 million oz)?Does Andy think that this hoard is real or not? If this hoard is real, why did JPMorgan accumulate so much silver? Or, if it’s not real, what was the story behind the story?
-Andrew stands firm on his opinion of bitcoin
-Question from a listener:Andrew my 401K account can purchase precious metals, have you worked with clients purchasing gold coins for their 401K?Would keeping my 401k holdings in the form of precious gold coins protect me from a government bail in or would they force me to sell the coins and give them the cash?Where would you recommend storing your gold coins to keep them safe, but still have access to it anytime you wanted?What are your thoughts on the United Precious Metals Association?
and so much more!!!!!
the real world of money with andrew gause, november 4, 2015, hour one