THE REAL WORLD OF MONEY
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
-We gave our checkbook to the Federal Reserve, so anytime we want money, we have to borrow it. Andy explains how the monetary system really works
-When did we start calling Federal Reserves Notes ‘Dollars’?
-So you inherit 20 million dollars, what should you do with it? Andy has some ideas!
-Have Starbucks prices risen proportionately to inflation? A listener argues they have not with the following comment:It’s remarkably surprising that you would give such a faulty example of silver prices, Starbucks prices, and presumably by implication a reference to inflation.You don’t seem to realize that recent history has already proven you 100 percent wrong on this. Here’s why:
In April 2011 Silver hit about $49 — which is as good as your $50 silver example. You can go back and see what a cup of Starbucks coffee cost back then.Fast forward to today, October 2015. Silver is struggling to keep its head above $16. And you are trying to say that Starbucks coffee prices have cratered proportionally — or at all??? Really??? I hope I don’t have to go on with this, but this utter poppycock that silver somehow hedges against inflation has been proven to be sheer baloney — just this Silver Starbucks example alone ought to prove it. Sorry, but the numbers are the numbers. Andrew replies
-Joe writes:Did you see Marc Dice’s latest video on silver? In America, you can’t even give away a 100 ounce silver bar — that’s how much the country has been deliberately dumbed down and destroyed…
-Andrew explainsthe practice of spot price fixing? How does that work and is it still used or is there another method to determine the spot price of precious metals?
-If MR Trump were to become president and put 30% tariff on U.S. imports, would that cause a lot of inflation?
-Patrick and Andrew talk about the death of Irwin Schiff,an American tax protester. Schiff was known for writing and promoting literature in which he claimed the United States income tax is applied incorrectly
-A listener can’t understand why someone like Andrew would support the ultimate establishment insider and crony ballplayer. In his opinion, the Trumpster owes most of his wealth to the very system that Andy talks about every week. Andrew answers that Donald Trump is the only one talking about fixing this country which is why he stands behind him
-Why does the American people want the TPP so badly? It’ll steal jobs and Andrew feels strongly against it
-Comment from a listener:
Last week, we reported that the Gloucester, Mass., Police department was pretty fired up at Big Pharma over the opioid drug crisis their community has had to endure. They feel strongly that Big Pharma should be using some of their drug revenue to help out with the situation. Well now they’ve taken a much more stern approach, calling out Big Pharma on Facebook and asking for support. And they did so by calling out all the salaries of the Big Pharma executives, plus their contact information. So….let’s help this police department out! Send emails using the emails below, in addition, share this article and….in addition, share their Facebook post which I embedded below (you can easily share from our page). Check out the salaries below.
http://edgytruth.com/2015/09/ 21/police-post-big-pharma-ceo- salaries-on-facebook/?utm_ source=MCNewsletter&utm_ medium=Email&utm_campaign= PoliceBigPharma
Gotta go make some calls…..
Top 5 Pharmaceutical CEO Salaries:
5. Eli Lilly – John Lechleiter $14.48 million
4. Abbott Labs – Miles D. White $17.7 million
3. Merck – Kenneth C. Frazier
$25 million + cool private jet.
2. Johnson & Johnson – Alex Gorsky $20.38 million
1. Pfizer – Ian Read $23.3 million
-Now that the Liberals are back in power in Canada, a listener want to know if the Canadian dollar will take a nose dive towardthe Chinese currency
-Andy explains what’s going on the the reverse repo market with the Fed
-Question from a listener:Besides these commemorative coins, you mentioned to buy circulated gold or silver coins.Can you please give us an idea what are these circulated gold/silver coins you talked about last time?Does the Peace and Morgan silver dollar fit this description?How about the $20 Liberties and/or the St. Gaudens? Would it matter what year to buy?These are supposed to be good for start-up investors that are seeking low premium gold/silver coins that are NOT bullion.
-If you don’t have a secure place to store your coins, don’t buy them! Andrew responds to an emailer:Andy I had $300,000 in gold stolen in 2010, discovering the theft in 2012 when I went to dig it up and it was gone. I had been buying it since 2006 and paid $120,000 for it having taking money out of my stock retirement funds to do so. My account thought I would get a $53,000 return but instead the IRS is only giving me a $3,000 per year tax credit against my income IF I make enough income to even quality. I use to make six figures and now barely make $15,000 a year so I am getting no benefit from this credit. They are not even paying me interest on my money. Is this right? What is the normal IRS policy for such theft regarding tax refund or credit please?
-Are we living in a Democracy? It sure does seem like it. What happened to the Republic?
-Question from a listener:Hope you are well. I have both gold and silver (a sizeable amount) eagles. I want to convert these into the silver and gold coins (circulated gold/silver) you mentioned last week. Andrew, what strategy would you suggest in converting my eagles into circulated coins with little to no loss in this exchange?
and so much more!!
andrew gause and the real world of money, october 21, 2015, hour one