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
-What are they smoking? “Another financial crisis is not likely in our lifetime.”- Janet Yellen, Fed Chair. “Quantitative easing has made the economy more resilient.” Mario Draghi, EU. “We have fixed issues that caused the economic crisis.” Mark Carney, Bank of England.
-Top bank executives sold 9 million of their own shares in 2017, led by Wells Fargo. Andy predicts the banks will not be able to hold onto their stock market gains.
-Need $50 billion for Harvey repairs. Where is it coming from?
-Package for Hurricane Sandy repairs was loaded up like a Christmas tree. Couldn’t get a clean bill passed. Will that be the case with Harvey, with lots of stuff tacked on?
-John asks if there is any optimism left for the Trump administration? It seems he took the blue pill, and his agenda is in the trash can. Hatred is vitriolic, just as it was in the 1830s. Andy predicts a disorganized fall.
-Neighbor helping neighbor in Texas. Where is the media coverage of that? They want to pull us apart.
-Need to raise debt limit and have a spending bill before current authority expires in 27 days. Then do tax reform.
-Jason on a tour in Europe asks: Do old European coins have legal tender status? In most of Europe, only the Euro has legal tender status. Plus can’t take coins out of Europe without an export license, and a value-added tax is imposed on non-citizens. NGC holders are very difficult to forge.
-Push for Rand Paul to borrow a page from his father and introduce The Free Competition in Currency Act. In 2009 Ben Bernake tried to hide the Fed’s 21,000 transactions involving trillions of dollars. Audit revealed insider trading.
-Burger King has created a digital Whopper coin in China.
-Bitcoin price is $4500 this morning.
-Attempts to impose federal standards on state and local police. Nationalization leads to militarization of police. Creation of the FBI was a nationalization of the police. We were fighting alcohol dealers then. Nothing new except the history we don’t know.
-How was Hitler financed? Paying WWI reparations led to 500% inflation in Weimar Republic and gave rise to Hitler. American-German entities instrumental in Hitler ascendancy. Hjalmar Schacht, Hitler’s Economics Minister and Reichsbank president, cooperated with the Fed Reserve and London banks and provided money for Hitler to mobilize war forces. Created a new currency, which bypassed reparations. Growth of Hitler abetted by aid and cooperation of western banks, primarily JP Morgan and Bank of England. JP Morgan instrumental in sabotage of Germany. From 1925-1929, a hundred billion gold marks flowed into Germany; 70% came from the US. GE, Siemens, IG Farben, all were tied to the Rockefeller group. Financed 30-40% of Hitler’s campaign to achieve power. Read Chancellor Bruning’s memoirs – he was displaced by Hitler.
-US didn’t get into WWII until it was already won by Russia. 3 out of 4 Nazis were killed by Russia. We have more in common with Russia than any other country on earth, including England. After WWII, investors bought up German industry on the cheap.
-Listener asks if Trump could fire Yellen and make Rand Paul chair of the Fed and then nationalize the Fed Reserve? That would be stealing the corporation that is the Fed. Individual banks that compose the Fed would still exist separately.
-With the burgeoning debt load, the only palatable solution for the Fed is to increase the amount of money in circulation.
-A $81 billion payment is due in October. We must raise debt limit to meet that obligation. Meanwhile Nero Congress is fiddling away and considering a shut down.
-Trent says the housing damage from Harvey lends weight to Andy’s thesis to not pay off your home. Unmortgaged homes have lowest priority for loans to effect repairs. Can’t get equity from your home in an environmental disaster.
-Garo asks if Andy knows of Walter Burien and his CAFR (Comprehensive Annual Financial Report) and if so, why Andy believes all these municipalities are broke? GOP members say give us the money held in constituent units.
-John in Saudia Arabia says President Trump should make Patrick Surgeon General and Andy Chairman of the Fed.
-Is it true that widows can collect social security at 59? Widows and widowers can start collecting at 60.
-Unconstitutional H. Joint Congressional Resolution 76 was signed by Trump; allows homes to be searched without a warrant, violating the 4th Amendment. District of Columbia, Maryland, and Virginia are authorized to establish an independent state authority joint commission giving blanket permission to the Washington Metropolitan Area Transit Authority (WMATA) Metrorail system to enter property near the railroad system in the name of providing safety oversight. They give themselves authority, but they can’t amend the constitution with local ordinances. In practicality, when the authorities say the law says they can enter, the homeowner says okay come in, and they have just acquiesced to an unlawful search. You must know the constitution to protect yourself.
-Block chain is good for medical records, auto transactions, chain of events. Is a distributed ledger and a more secure method of providing a public chain of transactions. Governments will discourage crypto currencies but can use block chain to regulate and value the dollar.
-Amazon closed deal with Whole Foods on Monday and immediately lowered prices on a selection of best-selling grocery staples. Can use block chain to track items across the supply chain, which will lower spoilage and reduce costs.
-New Executive Order deepening sanctions on Venezuela bonds, but Goldman Sachs given a pass until they can sell their bonds.
-Russian Central Bank bails out their biggest private lender Otkritie.
-Switzerland, Spain, Bulgaria, Italy and others offering bonds with negative 2 year sovereign yields. Investors are trading safety for profit, willingness to ignore the return. Why should central banks pay for your money when they can create more of it? Will interest rates keep bottoming out? Does that mean gold is at its low?
-Andy welcomes his new grandson Andrew Jackson.
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Andrew Gause and The Real World of Money, August 30, 2017 ONE
Andrew Gause and The Real World of Money, August 30, 2017 TWO
August 31, 2017 @ 9:54 pm Eric
I enjoyed the show today but I think you missed the boat about why Amazon / Whole Foods cut prices. I tend to think this might be a better explanation. This is the Media Monarchy podcast. If you listen to it at 5:30 it makes a good argument. – http://mediamonarchy.com/2017/08/20170830morningmonarchy/ Keep up the great work and give my regards to Andy if you would.
P.S. I love the Sulfur!!!!!