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
-Andrew explains why he’s such a Luddite when it comes to crypto currency
-According to Gallup, the confidence level in the economy is the highest ever.
-Housing is the #1 driver in our economy.
-Andrew explains The Volcker Rule
-Where do the banks get the money they loan to the public?
-What is a ‘legal fiction’?
-Will CA succeed from the Union? Could the US afford to lose them; they are the 6th largest economy in the world. On the other hand, it’s a huge welfare state
-The price of gold on a pure gold standard is astronomical
-France dumping dollars for gold precipitated Nixon going off the gold standard in 1971
–The Marshall Plan explained, reserve currency, petrodollar and the spoils of war
-Audio of President Trump saying…”Do you think we are so innocent…..?”
–Milton Friedman says “Greed is Good”
-Question from a listener:Are there companies that will store coins for people? What should those of us do who live in less-than-desirable neighborhoods who want to invest in coins? I heard you mention safe deposit boxes at banks, but can they be trusted? Also, you’ve mentioned in previous podcasts that some people put their coins in a trust. Why would someone do this?
-The future of the EPA: Will all the regulations so fiercely fought for be undone?
-Question from a listener:I believe Andrew mentioned that 60% or so of the $20 Trillion debt comes due within Donald’s first term. Isn’t that the case with every president? That certain percentage of the debt comes due every term and Congress extends the term?
-Question from a listener:I like that you explained how a tariff works on 2/1 show. You explained it would enable American producers to manufacture something and be more competitive. And that U.S. is capable of making superior products like back when I was a child in 1950’s. A friend of mine says a tariff would cause a country like China to put a tariff on our goods. I explained that they already do impose a tariff. People do not believe that. Where can I go to print out that it does happen already?
-Andrew recommends you reading a newsletter he wrote years ago called Debt As A Blessing. Andy sees no logic in paying off a mortgage.
-Comment from a listener:Just finished latest RWM. Somebody had a question about why US debt grew by trillions when yearly deficit was in the billions. My understanding is that the difference is business debt, primarily student loans. Government borrows from the fed at next to nothing then loans to students at whatever profitable margin. Those loans then are assets. Don’t recall where I read this but it brings to mind the question of what other places the government is able to push money into circulation by funding loans or other off the budget ventures that get fed notes into circulation. The
extra money fights deflation right now. Are these loans good assets? I would say perhaps not currently but that’s not what’s really important right now. Someday they will be forgiven outright or paid back with highly depreciated dollars. (inflation).
-Question from a listener: Some predictions online say $600 silver–Is this possible and what would it do to common date Morgan silver dollars?
-Question from a listener:I hear Arizona passed a bill, or soon to be, allowing folks to use coins as a form of currency? What type of coinage and how will it be used? What are the benefits?
-From a listener:Not to imply that Hillary would have been better..because she would not have been, but…now that I’ve researched Trump’s appointments it would appear that this quote is most appropriate. “Every election is a sort of advance auction of goods already stolen” – H. L. Mencken
-Fake News: Both sides are guilty of it.
and so much more!!
andy gause and the real world of money, february 8, 2017, hour one