Hard Asset Money Show

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.

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.

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.

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.

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.

08/11/21 - 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. The petrodollar, created by Nixon in 1971, has delayed the dollar’s collapse. Since 1971, the M1 money supply has grown from 270 billion dollars to nearly 20 trillion dollars today. In other words, your dollar has lost 98 percent of its value.

08/09/21 - 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. Digital currency is here and is not going away. For everybody that uses paper money, this change is coming soon. The Chinese government has already implemented a digital currency. China’s e-CNY, or digital yuan, trial has reached 34.5 billion yuan ($5.3 billion) in transaction value as the central bank continues to outpace global peers in developing a virtual currency.

08/06/21 - The difference of theory vs. reality. Analyst Paul Krugman may be falling prey to the delusion of theory vs. reality in stating that the economy will come roaring back to life with economic growth rates that will surpass anything seen in this current century. The dollar continues to drop, falling close to 7 percent in 2020, and on pace to drop 10-12 percent in 2021.

8/02/21 - The difference of theory vs. reality. Theory is based on conclusions of the past to create a potential understanding of the future. If we base our future investments on lessons learned from past mistakes, then that theory becomes a reality. However, sometimes theory which is based on the past, doesn’t necessarily give us the reality we are hoping for. Analyst Paul Krugman may be falling prey to the delusion of theory vs. reality in stating that the economy will come roaring back to life with economic growth rates that will surpass anything seen in this current century.

7/30/21 - It appears that we are going to start seeing a lot more inflation coming out that is here to stay. Many economists have been saying that this will be the largest bubble burst in history. To hedge against this downturn, there are two things to do to protect your investments.