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
-Story of the evolution of how gold became the common denominator of money and the float and discount became common in finance.
-Anonymity and privacy is what draws people to Bitcoin.
-The people who control a country’s money have more power than the legislators.
-Trump’s proposes a budget with a $600 billion deficit.
-The role of mortgage-backed securities (MBS), collateral debt securities, and tranches in the financial collapse. The fake news is blaming the collapse on the mortgages, but the real problem was the synthetic financial instruments created by the banks.
-$700 billion 2008 bailout gave banks an equity injection. Citizens became stockholders in the banks. Then banks sold MBS at full face value, but only worth $.30 or less to the dollar, to the government. And the government is still buying MBS.
-The treasury creates money by monetizing a debt instrument. Creating a debt instrument expands the money supply but dilutes the value of existing money. Living debt free means you’re losing out because the value of your assets is shrinking. Investing in bonds, bills, and T-notes means you will lose from inflation with no chance of gaining.
-Housing will be saved by inflation.
-Media talks about Trump’s collusion with the Russians but neglects to mention Hillary’s sale of 20% of uranium deposit assets to the Russians.
-US reached it’s borrowing limit on March 15. The checkbook is empty.
-The army is run by the sergeants, not the generals. The government is run by the bureaucrats. Should Trump fire all the political appointees of the last 8 years and tell them to reapply for their jobs?
-Obamacare is about compassionate inflation. Handouts from the federal government won’t help people rise up. Better to target programs to those trying to help themselves. Gear up government programs to help the middle, not the extremes.
-People fear Trump will get us into a trade war, but we’re already in a trade war, with $800 billion a year trade deficit. US spends a lot of money for defenses of other countries.
-Germany still owes US a lot of money from WWII. The US Federal Reserve won the war. Are the boys Nazis? Investigate Brown Brothers Harriman, Prescott Bush, Bayer Aspirin.
-Andy is asking if anyone can send him a copy of his Sovereign Information series, which includes Death By Taxation. He’d like a copy so he can update it.
-We’re at the end of the 30 year run of bonds. As interest rates rise, bond principals will fall.
-Listener asks what happens as investors cash out their bonds and return that money to the economy? How will silver coins from Mexico be impacted? Recovery from the 1929 depression by remonetization.
-Big pension problems arising from failing to make required contributions and promising way more than they should have. Chicago schools pension crisis. Need to convert defined benefit plans to defined contribution plans.
-Listener asks how can Trump convince the bankers to abandon their globalist agenda?
-Why do the globalists want open borders? Allows flow of wealth (including drugs), equipment and labor, which keeps wages down.
-Is mainstream media attack on Trump for real or for show? Could Trump be the devil incarnate, a stooge, and agent of the banks?
-Do the Saudis still buy Treasury bonds with the money we give them for oil?
-Index funds don’t pay a high enough return rate to match the real rate of inflation.
-Variation in toning in numismatic coins affects price, even with the same grading. Look for eye appeal.
-When was income tax created? 1913. Was a spillway to draw money out of circulation. In 1933 the US government as a corporation filed bankruptcy reorganization. Social Security was created as a pool of money from which to borrow. People with enumerated numbers are considered assets.
-When did the government give up the pretense of having asset backing for money? 1971 abandonment of gold standard and 1980 Monetary Decontrol Act.
-What is a Morgan worth? How to know when a coin is worth being graded? Call Andy’s company to get a free Red Book.
-Venezuela is no longer telling how much money they’re printing.
Andrew Gause and The Real World of Money, March 22, 2017 Two Parts, 150 minutes total