Currencies: Endgame

Much news happening around the world so we will skip the boralogue and jump right in with our first guest, author and journalist James Gorrie ( He and John discuss the economic realities in China, including the effect of U.S. tariffs and the likelihood that China will collapse just as the Soviet Union did.

We should also look at our economy, especially in light of recent recession warning signs. Jason Pye (, Vice President for Legislative Affairs at FreedomWorks, analyzes our out of control spending and national debt, as well as the endgame of our currency. If we don’t have a serious conversation and take steps to regain economic control, we may not recover from the next crash.

After John covers healthcare and climate change issues, we welcome to the program Brian Wang (, Chief Blogger at Next Big Future, who examines upper atmosphere high resolution surveillance, its constant tracking of every person, and the possible future implications of that technology.

John’s quote of the week:
Currencies which are not backed by anything tend to have a 200 to 250 year life cycle because governments and central banks cannot resist inflating them. Once the politicos run out of available taxation, they invisibly begin picking our pockets by inflating the currency. And of course that just destroys it.

In this week’s Extras segment, we play a Steel interview from October 2011 with Dr. Darryl Hart of Hillsdale College about how the marriage between evangelicalism and conservatism may be coming to an end. Since we’ve covered economics quite a bit this week, a flashback on politics and religion will nicely round out the program. Plus we play a snippet from Producer Steve’s podcast War on Stupid, where he discusses the pros and cons of supporting President Trump as a Christian.


08/17/2019 Currencies: Endgame

Podcast Episode Chapters – (Segment start time)

1 – James Gorrie – Economic Reality in China (1:55)
2 – John Loeffler – Ins and Outs of the Stock Market (13:29)
      James Gorrie – How Bad China’s Economy Actually Is (16:55)
3 – Jason Pye – Underlying Factors Leading to Future Economic Woes (26:23)
4 – Jason Pye – Controlling the Deficit and the Debt (39:46)
      John Loeffler – Geo-Economic Chessboard (46:42)
5 – John Loeffler – Various: Media Balance, Healthcare, Climate Change (52:40)
6 – Brian Wang – Hi-Tech Surveillance & Possible Implications (1:06:03)
7 – Extras Segment – Interview with Darryl Hart from 10/2011 & Producer Steve (1:18:57)

      End of Show (1:58:23)


You can always view episode chapters in your mobile podcast players. For a full-featured experience, we suggest using Overcast and Downcast for iOS devices like iPhone and iPad, or Podcast Addict and BeyondPod for Android smartphones and tablets. Get the apps here!


More Resources
Share this post:

Steel on Steel is supported by listeners like you! If you enjoy the free shows and want to help keep this content available for future listeners, you can make a donation here: