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
-In 1945 the Bretton Woods agreement called for gold “or its equivalent” and the only equivalent was the gold-backed dollar. Led to the US dollar becoming the international reserve currency.
-1971 gas crisis was over the Saudi Arabians not wanting to take US dollars. Now we have enough energy to export, and we’re in a different position.
-Treasury Secretary Mnuchin has told Congress it can appropriate all the Harvey aid it wants, but it can’t be spent until the debt ceiling is raised and he can borrow again.
-We spend $.77 of every dollar we collect to service the existing debt. We will have a $600 billion deficit for the year. We need $500 billion to make it through the rest of the year, and that doesn’t include Harvey or Irma aid.
-We need to remain the preeminent currency in the world to stay alive financially. If they dump our currency, we don’t export enough to cover our imports.
-China is poised to tighten rules on digital currencies and ICOs. Dampened Bitcoin only temporarily. People that want the anonymity of crypto coins still want it. Congress is poised to make crypto the equivalent of cash.
-Mark says although the disparity isn’t great, the amount of silver in 2 half dollars is less than in a silver dollar. Disparity due to difference in seigniorage – a little less taken out for minting cost of silver dollar.
-Irma hitting Caribbean at 185 mph. Flattening buildings.
-Is not the role of government to protect our property, other than foreign invasion. One more reason to have a mortgage, so the bank bears the brunt if the property is destroyed in a storm.
-Power for states to emit bills of credit was in the Articles of Confederation but was taken away in the Constitution. So Congress turned to private banks to borrow money. Constitution says no states shall emit bills of credit or coin money.
-US Code Title 31 Section 5115 was what Kennedy used to issue US notes. That power has been removed. Now presidents use executive order.
If European, stick with the coins of your country for investment.
-Was Hitler’s internal currency interest free? Some was, some wasn’t.
-Listener says Germany wasn’t out of oil in 1941 when US entered the war. The point was that the tanks in Russia were out of oil and gas and winter kept them from being resupplied. Russia took a scorched earth policy as they retreated. 80% of German soldiers were killed by Russians.
-Federal Reserve vice-chair Stanley Fischer resigned today.
-John asks how we can prosper even when we’re not sitting on the couch. When you’re on the organic land, you have the Constitution to protect you. When you have the plastic on the couch, you lost contact with the Constitution. If you’re on the plastic, gold and silver coins are your protection, not Federal Reserve notes. Be a belligerent demander of your rights – peacefully resist. Don’t accept governments revoking your rights – they can’t amend the constitution with a simple law.
-We’re a step above slavery, but comparable to having a Slave Badge. We earn our money and present it, where it’s taxed. People spend 13.4 times more on taxes than on food.
-Will we get a clean debt ceiling increase or one linked to Harvey aid and to be renegotiated in December?
-Where does the aid stop? What right does the government have to disburse money to anyone?
-Hawaii is seriously considering a universal basic income.
-In light of Hurricane Irma, National Guard has been authorized to seize guns and anything they need in the Virgin Island. But they’re not a state, so we can do that.
-How does one decide whether to lease or buy? With a car, it’s easy, you usually have an option to buy at the end of the lease, and if the car has been trustworthy, buy it then. With a house, if no option to buy, no chance to recoup rental payments. Buying the home is usually the best investment.
-Garo asks what stops NGC or other graders from switching your coin to a lower value one? They would be sacrificing their integrity, their future profit, and their entire business model.
-Public fund debt and pension obligations are much more cattywampus than we’ve been led to expect.
-Listener thinks Andy is correct in his bearish outlook on crypto currency.
-Federal Reserve will determine if President Trump gets a second term. Mayer Amschel Rothschild “Give me control of a nation’s money and I care less who makes the laws.” Inflation is friendly to the bankers.
-Jim Rickards asserts China is going broke. Andy doesn’t buy it.
-H1b visa controversy. Tech wants foreign geeks because they’ll work for less.
-New movie “Tulip” about tulip fever.
“Protecting Your Wealth” Free CDs – 800-468-2646
Andrew Gause and the Real World of Money, September 6, 2017 ONE
Andrew Gause and the Real World of Money, September 6, 2017 TWO