Manage episode 281191023 series 50378
Gold is the only monetary asset in the world that is not somebody else’s liability. Jason Hartman talks with Charles Goyette going beyond every conversation about gold in the economy right now. Gold’s value continues to rise, and not just compared to the dollar. Goyette says that China, along with the rest of the world, is de-dollarizing. Goyette gives an insightful, thought-provoking history and prediction of currencies in all forms across the globe.
[1:30] Maybe we should have ‘socialist distancing’ as opposed to social distancing.
[3:20] In the last 100 years, the US has had three versions of the US dollar.
[4:00] Was the US government doing the mega version of check kiting?
[10:30] No trillion dollar debt?
[12:00] Are we looking at a sort of rampant runaway towards socialism in the US?
[13:40] For our economic might to end, it has to be replaced.
[17:15] China, along with the rest of the world, are de-dollarizing.
[18:40] How does bitcoin play into the future of global currency?
[20:15] “Socialism; ideas so good we have to force you to accept them.”
[22:20] Is gold an investment, insurance, or a currency?
[24:00] Is gold as scarce as we think?
[27:45] Any closing thoughts on the new world order and the great reset?