Hard Asset Money Show -- When Transitory Leads to Permanent Inflation Mistakes
01/11/22 - Inflation is here to stay. In fact, it has been aggressively growing over the last 12-18 months. Inflation has been growing much faster than rising wages, which can lead to the next recession. During this same stretch, rare coin prices have been going through the roof.
Hard Asset Money Show -- America Is Already In A Recession
12/02/21 - Inflation is a by-product of a country's economic success. However, that success comes at a very high cost. The cost of goods and services are going up, but real world wages aren't going up nearly as quickly. Part of the reason is because of artificial stimulation due to the effects of the Covid pandemic.
Hard Asset Money Show -- China Real Estate Market
10/27/21 - One of the largest real estate companies, Evergrande, is in an enormous pile of debt, owing $325 billion dollars. In the third quarter of the ongoing financial year, official Chinese data revealed that GDP growth stood at 4.9 percent, down from 7.9 percent in the previous quarter, while Goldmans cut its entire 2022 GDP forecast from an already low 5.8% to just 5.4%.
Hard Asset Money Show -- Debt Levels
10/25/21 - The United States and the world are awash in massive record debt levels. Government debt to GDP per country and external debt to GDP per country has skyrocketed to staggering record levels. Many top economists around the world are now sounding the alarm that these debt levels are unsustainable and if they can ever be fully paid back, which can signal an unprecedented currency collapse.
Hard Asset Money Show -- IMF and the U.S. Growth Forecast
10/21/21 - The IMF recently slashed its 2021 growth forecast for the United States by one full percentage point to 6%, the biggest reduction suffered by any G7 economy in its latest World Economic Outlook.
Hard Asset Money Show -- Will China's Real Estate Trash The Global Economy? Part 2
10/04/21 - Chinese state owned banks lent money to state owned companies, who built dozens of new cities. After these companies ran out of money, the government then told them to buy their state owned assets, financing these companies a second time.
Hard Asset Money Show -- Will China's Real Estate Trash The Global Economy? Part 1
10/01/21 - China has been building a large number of new cities that are becoming ghost cities. They were built because the Chinese government kept a line of credit open to real estate developers in order to maintain the consistency of the economy. One of the largest real estate companies, Evergrande, is in an enormous pile of debt, owing $305 billion dollars. Their potential bankruptcy can have devastating consequences on the global financial system.
Hard Asset Money Show --Central Banks and the Demise of the U.S. Dollar Part 2
9/09/21 - In 1971, global debt was at $100 trillion dollars. It took 2,000 years to reach that level. In a mere 50 after Nixon left the Bretton Woods system, which removed gold as the backing to the U.S. dollar, we are at a global debt of nearly $300 trillion dollars. In the next 4-9 years, global debt is projected to hit 2 quadrillion dollars. There is no way these debt levels are sustainable.
Hard Asset Money Show --Central Banks and the Demise of the U.S. Dollar Part 1
9/08/21 - 50 years ago, Richard Nixon destroyed the value of the United States dollar. On August 15, 1971, Nixon removed gold as the backing to the U.S. dollar. History has proven that in every society for the last 2,000 years, fiat currency has bankrupted once gold stopped backing paper money. After Nixon left the Bretton Woods system, gold went from $35 an ounce in 1971 to over $1800 today.
Hard Asset Money Show -- Monetary System Collapse Part 3
08/13/21 - This is the beginning of the end of the current monetary system that started well over 50 years ago. In the next few years, the world will experience the end of another failed experiment of unlimited debt creation and fake fiat money. After the Gold Standard was abandoned in 1971, gold soared in prices. Gold in 1972 was at $35 an ounce. By 1980, it had rocketed to over $850 an ounce.