The Real World of Money with Andrew Gause 2013.10.23

Borrow, Borrow, Borrow or the Whole Thing Collapses, Period

Topics
-Wasting money: Why we value it more when it’s made and not given. Patrick recounts the tumble of a business built on a small business loan compared to a business built on money earned. Andy comments, “If you lose, as long as you don’t lost the lesson, you gain.” Unfortunately the government hasn’t yet figured that one out.
-Fun Fact: The Top 5 positions in the Department of Justice were fundraisers for the President
-The fall of the Roman Empire: Will America repeat history?
-Obama Care, The Hegelian Dialectic and other strange events to kick off the show
-J.P. Morgan now out 19 Billion Dollars in fines
-Fascism – what exactly is it and how did we get here?
-Comparing the USG and The Roman Empire
-Treasury borrows nearly 1/3 Trillion Dollars in one day last week
-Employer Pension Plans and other large shoes to drop someday
-Just how many fiat dollars is the NY Fed creating per month these days?
-The current QE is not to create prosperity it is simply to keep it from imploding
-When you hold the reserve currency status you make the rules. For now.
-Listener asks, “Is my Mom’s money safe in an IRA?” Mr. Gause responds, “It depends”
-What happens if people stop lending money to the States?
-The State Bank of North Dakota. Now there’s an idea worth thinking about.
-European traveler could not cash “Old” Federal Reserve Notes at hotel
-The troubles in Greece have just begun as Tony Soprano pays a visit next week
-Stocks – Is buying and holding an outdated idea?
-Insider trading, the largest hedge fund and Gordon Gekko
-PIMCO on the inside track of information because the buy government debt

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