The Real World of Money with Andrew Gause 2012.08.15

“We are all Keynesians now” said Nixon 40 Years Ago

Andrew’s own birthday show turns out to be a real gift to all of us, his fans. Andrew is able to give copious amounts of unique insights, and as cool as it is, he gets better with age.

Up front, somehow JFK came up and we learn Andrew has been a sincere student of the 35th. President of the United States, his life and his murder. And curiously enough, President Nixon closes the gold window on this day in 1971. Hear the back story as well as sound from the original Nixon TV announcement forty one years ago today. Hint: WWII and Vietnam wars are involved in this move by Nixon at the bequest of The Boys.

What other information does Andrew share?
-In 1971 two thousand silver dollars would get one the best cars out there. Today two thousand silver dollars can be traded for $60,000 and probably get a fairly nice ride for that, wouldn’t you say?
-Your smart phone is your new wallet.
-The importance of The U.S. being in reorganization bankruptcy, Trading with the Enemies Act and The U.S. being in a “State of Emergency” for many, many years.
-The fact that “They” say a twenty dollar bill is the exact same thing as a twenty dollar gold coin is, in their words, a legal fiction; is curious indeed.
-The tax issues involved in bullion vs. collector coins of legal tender.
-The FDIC is bankrupt
-We play Paul Ryan’s 2008 House argument for the TARP deal. Andrew comments on his claims, point by point. Interesting indeed.
-Hear how Greece came up with the 5 Billion Euros they needed this week
-Why paying off debt early is a bad, bad idea
-Goldman Sachs and AIG, the rest of the story
-Reuters and Wall Street Journal are controlled by The Boys, so be careful what you read.
-What needs to happen for gold and silver to go down in the next few years
-And planned obsolescence by the corporations.

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