Where power and money goes, trouble grows. And nowhere is there more power, money, and trouble than the U.S. government. Back with us today is Matt Welch (reason.com), Editor-at-Large at Reason Magazine. Even though it has never worked, governments still try to tax their way into prosperity. The IRS is now going after back accounts of expats living abroad to counteract what is known as off-shoring one's money. But the offshoring exists because of the IRS's onerous tax practices. Part of this attempted money grab is snooping on financial records – which would set a dangerous precedent. Governments could snoop into your bank account and wield an immense amount of power and influence over anyone at any time.
Extended conversation this week as John and Carol sit down with father and son economic experts Donald and David McAlvany (mcalvanyica.com). The foursome team up to tackle a variety of topics, including current financial trends, burgeoning inflation, the upcoming economic reset, and the rapid onset of in-your-face socialism. They also take a look at the theological and philosophical side of things, as well as the importance of strategic thinking and long-term planning, and the need for little people to do big things each and every day.
We finish up this week with Tammi Rossman-Benjamin (amchainitiative.org), Co-Founder and Director of the AMCHA Initiative. She describes her efforts to combat a bill in California that would force critical race theory into high school curricula. She focuses on the toxic antisemitic nature of CRT and how it doesn’t attempt to eradicate racism and hate – it perpetuates them.
Our round table discussion today, hosted by John and Carol, features two of the most knowledgeable people we know when it comes to economics and theology: father and son duo Donald and David McAlvany (mcalvanyica.com). The foursome team up to tackle a variety of topics, including the facts behind current financial trends and inflation, a realistic look at the upcoming economic reset, and the rapid onset of in-your-face socialism. They also take a look at the spiritual and philosophical side of things, the importance of strategic thinking and long-term planning, and the need for little people to do big things each and every day. It's a long and fascinating conversation!
Every few months or so, we break out the crystal ball with esteemed futurist James Kunstler (kunstler.com), who is back with us today, to see where we're headed. James looks at the future of economics and culture, and how if we are expecting to live in an orderly society in the next several decades, we are mistaken. He examines the impending economic reset, debt forgiveness, and how the economic elites see the future versus how he sees it. He explores the future of cities and suburbs, realistically looking at today's realities to predict tomorrow's likelihoods. No one knows the future, but if he's proven correct, we need to be prepared for the tough times ahead.
Blockchain had once been thought of as unhackable, but recent attempts to manipulate the system have caused all sorts of trouble for industries, such as cryptocurrencies, that use blockchain. Back with us today is infrastructure architect Dr. Russ White (rule11.tech), who, as always, has a fun and spirited conversation with John. Today, he explains what blockchain is, how it has become vulnerable, and the possible implications of foul play. He also gives an update on the disturbing union of Big Tech and Big Government.
Something a little different today on Steel on Steel. It's important to understand the economic landscape, not only in this country but also globally. Politics and economics are inextricably linked. So today, we play a recent episode of the McAlvany Weekly Commentary with Dave McAlvany and Kevin Orrick (mcalvanyweeklycommentary.com). They discuss myriad geo-economic issues, including digital currency as a threat to traditional currency, the People's Bank of China and Ali Baba, the Ukraine-Russia dynamic and the dealings that President Biden and his son have had in that arena, oil pipelines in Ukraine and Eastern Europe, and the dollar compared to Chinese currency.
The state of Florida is becoming a magnet for technology companies, specifically crypto-currency firms, because of the state's business laws. To discuss this and more, Andrea O'Sullivan (jamesmadison.org), Director of the Center for Technology and Innovation at the James Madison Institute is with us today. She discusses the advantages of having a decentralized system of business over a centralized one, namely the ability to communicate directly with users and bypass the potential censorship of Big Tech. Blockchain crypto-currency is moving to decentralization and the powers that be are definitely worried.
No matter who eventually emerges the winner of this election, what will the American financial system look like? Or the global economy? On today's podcast, John and Carol dive into the economic arena, covering a variety of topics, including the U.S.'s massive debt load, how other countries are connected financially to the U.S., and the future of currency and global economics. They also surmise what will happen with taxes, businesses, and relations with China should a Biden administration become a reality.