THE MORNING SHOW
with
Patrick Timpone
Andrew Gause
THE REAL WORLD OF MONEY
Andrew Gause
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 Booksâ€. 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
Show Highlights:
-We look back at 2014 and analyze commodity prices
-You’ll hear interesting conversations and insights on the price of oilalong with audio from oil guru T. Boone Pickens
-Every barrel of oil is being sold for dollars and the is food for the FED
-Andy explains how creating dollars out of thin air can be managed wisely
-Hear why, in detail, would be advisable to take over the FED rather than ending the FED
-Listener asks, “Will the U.S. ever pay off the debt.”
-Why would banks do bail ins when they, who own the FED, can just create money?
-It now costs money to store it at The Swiss National Bank
-The bond bubble, interest rates, and interest rate swaps
-What does Andy think about theMinnesota Coin Dealer Law. Is this a test law tostop gold coin sale?
-The new limits on gold and silver trading
-What is this “Normalization with Cuba” all about?
-London listener asks how we can profit from these low oil prices that will some day be higher
-Paul Craig Roberts says Vladimir Putin has lots of options he can play
-From a listener: I thought the attached article would provide added insights into some issues you and Andy cover regularly. I found them to be very interesting and delve a bit more into banking fines. I think the audience would find them interesting (but not surprising). It is short and worth a read.
http://jonathanturley.org/2014/12/21/just-how-much-of-big-bank-fines-are-actually-paid-and-who-profits/
Ideas in article:
1 – The Big banks can tax deduct up to 75% of the fines given by the Justice Department (smaller banks up to 100%)
2 – The Justice Department gets a percentage of the fine in their “Working Capitol Fund” (their slush fund)
3 – The Justice Department is only prosecuting with civil suits and no criminal suits.
Are there actually incentives for larger and larger fines from the Justice Department and incentive for the banks to always settle out of court? Shure looks as though there might be!
-The challenges of living abroad
-Will Quantitative Easing continue?
and so much more!!
andy gause and the real world of money, december 24, hour one
'Andrew Gause and The Real World of Money -Financially, It Was A Very Good Year…For The Bankers – December 24, 2014' have 2 comments
December 24, 2014 @ 3:10 pm 7towers
Merry Christmas Patrick , Is everything ok there? hope so . do you think the podcast will post soon? Thanks for all you do.
December 30, 2014 @ 7:29 pm Ellen Martin
Hello Andrew and Patrick, I am very appreciative of this program and the willingness of both of you to share your knowledge. Comment: It seems that there is a hidden flaw in the pragmatics of Andrew’s 12-24-14 advice to use borrowed money if one wanted to purchase a house (and to then put this money to use earning other money). He is also pointing out the need to protect a certain amount of one’s money in tangible assets at this time because of the precarious nature of the poorly regulated investment market (and even the lack of safety of our very bank deposits because of G-20 bail-in provisions). A house is a tangible asset – but only if I own it outright, not if I don’t. If, following Andrew’s advice, the financial markets in which I have put the money that I would have spent on the house fail and I lose that money, I won’t be able make the house payments, lose the house, and won’t have a place to live. If I had paid cash for the house, at least I will have a place to live if the financial system crashes. (If it came to that, I could potentially rent out rooms to pay the taxes and utilities if I was broke; at least I would have survival options with this scenario). Therefore, it seems to me that the advice on buying a house with borrowed money would only be advisable if one had the extra money to buy a second house purely as an investment and not for a primary residence. It even seems to me that, since we all need a roof over our heads to even function, a residence would therefore be the primary tangible asset of which we should secure complete ownership and possession before even thinking of acquiring other tangible assets. EM