THE REAL WORLD OF MONEY
$50,000 Gold Is Not Beyond the Realm of Possibility
Andrew GauseAndrew 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
-If we were riding a motorcycle, our front end would be wobbling; Andrew talks stock market volatility and it’s slow creep down the slope; 5 trillion dollars worth of wealth was wiped out in the month of August
-When Ronald Reagan took office there was 1 trillion dollars in the money supply. Fast forward 35 years; what’s going on? It’s pointless to save a dollar; Andrew explains
-Oil plunged 10% yesterday; just more volatility
-De-pegging from the dollar: Truth or rumor?
-Will we see $50,000 gold?
-Criminalizing market shorts in China
-Is the dollar too strong? What are the consequences?
-Can the sovereign debt crisis strengthen the dollar?
-Given that governments and banking institutions can’t invest in gold, AND that they have to buy bonds, does this limit the upside for the gold price?
-Is there real pressure on the FED to raise rates to avoid pension fund busts?
-Andrewexplains how to interpret the dollar index
-A listener asks:When the big collapse occurs: What happens to the price of gold when all those who have gold start to sell it? Wouldn’t that flood the market and lower the price?Who would these people sell their gold to? Assuming if the price were to skyrocket there wouldn’t be that many folks that could afford it. What does Andrew think about Jim Sinclair’s prediction of a $50,000 gold price?
-ISIS issues it’s own currency; Andrew shares details
-Comment and Question from a listener:I’ve read that Germans (during the Weimar era) had family farms and most everyone had a private garden. So a good many people could continue to eat even when the markets collapsed. What will Americans do if Walmat develops a case of empty shelves? I have heard other commentators say …the shelves will be stocked but most people will not have enough money to purchase much. Does a reset mean student loans will evaporate? What about credit card debt will it be forgiven?
-A listener asks:If the bank (in which I currently have my mortgage with good chunk of equity) will collapse – what is going to happen to my house; my equity; and my mortgage?
-What are the best economic indicators of the health of the US economy?
-A listener asks:I am struggling to understand why the current fall of the Chinese stock market is connected to the huge selling of US Treasuries by the CBOC. My understanding is that the Chinese gov’t would want to keep the price of RMB cheap compared to USD. Selling Treasuries would drive down the prices of the USD. What am I missing?
and so much more!!
andy gause and the real world of money, september 2,2015, hour one