August 29, 2012

The Real World of Money with Andrew Gause 2012.08.29


Bedtime Stories: The Velocity of Money, The 4 Trillion Dollar Balance Sheet and More

We start the show off with an off the cuff history lesson from Professor Gause. This is fun. It all starts when the idea of auditing the Fed vs. taking over the Fed and what The Boys have “expensed” in the last 100 years. And after expenses have a four trillion dollar balance sheet.

Todays Topics:
-Russia has technically defaulted on their bonded debt
-What does monetary policy entail? As we understand we get clarity on why the owners of The NY Fed is meaningful indeed.
-Fed’s mandate just after Jekyll Island was quite limited compared to 2012
-Years ago “They” admitted dollars were not lawful money.
-In 1857 there was the marriage of Lenora in France – this is a great story that involves the Civil War in The United States of America
-“The First causality when war comes, is Truth”
-The Legendary Jim Rogers comments on what gold is (audio)
-Why is Evelyn D. Rothschild talking about the RMB and a new international currency?(audio)
-Pepsi, Coke and financial matters today
-An update on JP Morgan and the shorting of silver
-Gold internationally is a zero risk asset
-Are the dollars in your bank account yours?
-Quality of money vs. quantity of money
-Black’s law dictionary says money does not include notes
-The velocity of money explained in great detail
-Andy muses that perhaps one of the shoes to drop is a major money market fund breaks the bank
-The creative ways the Fed controls in inflation is a real art
-Why do you think The Gap loves it when you take out a credit card with them? You’ll be surprised at the answer

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