July 09, 2014

The Real World of Money with Andrew Gause 2014.07.09

Trading Our Productive Capacity for Paper Dollars; More People Are Getting Rich Than Ever Before

Topics
-Linking you to your bank account through your phone: How technology is revolutionizing the way we pay for things
-Gold is the only asset with a limited supply; the metals market is highly manipulated
-We, as a nation, are making millionaires at 100,000 per month, Andy explains
-We create more millionaires in one year than China has total. So America still has it; wealth is being generated
-There are more people getting rich than ever before; minimum wage is rising by 30%
-Question from listener: What skills or degrees should I acquire to be employable far into the future? I have unused GI Bill benefits and am not sure what to do. Should I get an MBA?
-Question from listener: A couple of weeks ago Andy mentioned that you can buy coins through your business and treat the cost as an expense. How is this possible? I am moving my LLC to another state so could easily add a new business purpose or definition if that is the way to go. Any advice?
-Most of us on the planet have no idea of what real money is
-We’ve been trained to trade our productivity for paper dollars with no backing
-The main stream media will tell you gold is in a bubble and the stock market can only go up
-Andy talks about where we are now and how we got there from 2008
-The possible advantages of setting up a corp or L.L.C.
-If Andy were king, how would he deal with the “immigration issue?”
-The Tree Gorges Dam – a spectacular way to use newly printed Yuan for good
-Would there be soup kitchens without food stamps and welfare?
-The Plunge Protection Team:Who are they?

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2 comments:

Christopher Marlowe said...

I love Andrew Guase, but I don't know where he gets his facts concerning the law. Erie v Tompkins held that there is no Federal common law.

"There is no federal general common law. Congress has no power to declare substantive rules of common law applicable in a State whether they be local in their nature or "general," whether they be commercial law or a part of the law of torts. And no clause in the Constitution purports to confer such a power upon the federal courts. Except in matters governed by the Federal Constitution or by Acts of Congress, the law to be applied in any case is the law of the State. And whether the law of the State shall be declared by its legislature in a statute or by its highest court in a decision is not a matter of federal concern."

Anonymous said...

That's true, but that decision was basically bogus, since it overturned the previously held notion since the start of the U.S. federal courts that they did have the power to create federal common law, where Congress hadn't specifically legislated otherwise.

And unlike slavery, it's not about some fundamental human right that should've been protected from the beginning, to those who would make the argument that just because it was precedent doesn't mean it shouldn't be overturned.

http://fauxcapitalist.com/2011/10/30/proof-from-the-u-s-constitution-that-federal-general-common-law-does-exist-despite-what-the-u-s-supreme-court-said/