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
-Ripple effects from defaults on Chinese corporate bonds.
-Covert independent funding sources of the CIA. CIA engaged in dark activities of arms and drug dealing, money laundering, ISIS support, hit men for bankers. All off the books, so politicians can claim plausible deniability.
-As of 4/28, USA runs out of money. Choice of debt ceiling increase or default. 76 cents of every tax dollar collected goes to debt service. Even if we default, interest is still due.
-Wasted opportunity and loss of political capital on Obamacare repeal effort while tax reform gets postponed. Forget Trump’s promised corporate tax reduction.
-Reported cost of MOAB bomb was fake news. Took 6,000 taxpayers to pay for one bomb.
-Andy predicted that no matter who won the election, we had an absolute mess to deal with.
-Theresa May of the UK is a nationalist. Calling for a general election.
-US citizens supported its wars until Vietnam. Anti-American movement from Americans started with Vietnam. Idea of nationalism and supporting the US was ridiculed, soldiers dishonored. Protests ended war. Trump first to reverse the negative sentiment and started the America First movement.
-Lucretia asks about benefits from sale of Oregon natural resources to private corporations and not the citizens. Raising property taxes to pay for promised but undeliverable government pensions.
-Next resource to be exploited by the government is the right to use roads built years ago. Expect sales of established public roads to private corporations and then imposition of user fees to pay for maintenance.
-Cost of vaccine damage to the country’s economy.
-Defined contribution vs. defined benefit retirement plans. Unions in San Diego fought attempt to implement defined contribution plan. Pension Benefit Guarantee Corporation is on the hook for the pensions of 41 million Americans. More police in Chicago collecting pensions than are on the streets.
-MIT published “Communism for Kids”, which says it’s not hard but it’s not been implemented in the right way. 1620 – first attempt to implement communism in the US by Nathan Bradford in Massachusetts. Didn’t work – 20% of people do the work, 80% do the minimum. 1621 – Bradford divided land to individuals and that worked.
-Government borrowing more than it should violates a natural check and balance in the Constitution. Changing to a fiat currency when the gold window closed in 1971 allowed the government to spend without imposing an outright tax. To save an hour of labor, saving a silver dollar will maintain its value as compared to the purchasing value of paper money.
-Having compassion for a neighbor has been used against us, by using the government to help other people. Charity should be a private enterprise.
If all tax were applied evenly in the form of a consumption tax, the rich would pay more and the poor would pay less.
-Easy credit is not productive. Sinking money in a new car takes money away from investing in building new skills or buying a means of production. Investing in consumer lifestyle destroys capital.
-55% of kids say they’re likely to default on a note, either car, home, or student loan. Moral hazard of protecting from the consequences of default.
-Recommended reading “Rich Dad, Poor Dad” by Robert Kiyosaki.
-Spend money first on what will increase sales and productivity, not on aesthetics.
-Listener asks: is a $50 gold eagle legal tender? Non-circulating, contains 1 ounce of gold, ceremonial value.
-Sean asks about refi vs. home equity line of credit (HELOC).
-Andrew Carnegie said the source of wealth is judicious acquisition and disposal of real estate. But Andy G. warns to check pension obligations, long term debt, and outstanding municipal bonds of the municipality where property is located. He’s not as enthusiastic about the real estate investment potential of the next 30 years compared to the last 30 years because of the wild card of municipal indebtedness.
-Laura asks about variables in planning with a mortgage
-Using debt as a blessing fleshed out a bit more
-How is the U.S. lost complete control of the Dollar within 8 years of the Revolution
-The war of 1812 was about banking..nothing else
-A cashless society.. India steps on the gas
-Block chain’s basics explained
-China and the World are actually selling significant treasuries…we’ll keep an eye on this
The Real World of Money with Andrew Gause, Geo Politics, The Dollar, Defaults, April 19, 2017 ONE
The Real World of Money with Andrew Gause, Geo Politics, The Dollar, Defaults, April 19, 2017 TWO