David McAlvany

Heading Into Uncharted Territory

Broadcast Running Time: 01:19:10

John Loeffler

June 12, 2021

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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!

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.

Economics is one leg of the geopolitical stool. In this week's boralogue, John looks at financial indicators and raises a red flag watch on our economy. David McAlvany and Kevin Orrick from McAlvany Weekly Commentary discuss how we are overdue for a recession, and though the economy continues to hum along, indicators are pointing to a likely recession in 2020. How will it affect the election? We'll have to wait and see.

In our continuing series on the Constitution and the founding freedoms of America, we welcome to the program Myron Magnet (www.city-journal.org), Editor-at-Large at City Journal, who examines Clarence Thomas' efforts in establishing reform in the U.S. judiciary, and looks at the battle between originalists and those who believe in a living, breathing document in interpreting the Constitution. Read Myron Magnet's Imprimis article 'Clarence Thomas and the Lost Constitution' at Hillsdale College.

It's time for a Middle East Update and who better to give it than Ken Timmerman (www.iran.org), President of Foundation for Democracy in Iran? He discusses the geopolitical link between Syria, Iran, and Israel as well as tense NATO allies Turkey and the U.S. Is the stage being set for an end times battle against Israel?

John and Producer Steve round out the show covering the Deep State and the latest impeachment effort. Reform is needed and government should be pared down. The President has control of foreign policy, but those in Congress and the Deep State who disagree with that policy are attempting to oust the President via impeachment.

John's quote of the week:
"Economically, are we healthy or are we not? Yes, the economy is buzzing along, but if you look at the underlying fundamentals, there are serious structural problems with the global financial system. It, like our government, is going to have to be reformed at some point."

In this week's Extras segment, we play John's most recent appearance on KYMS, a local north Idaho radio station, and his monthly martyred church update. He and host Lee Lancaster discuss other topics, including freedom of speech, who gets to determine what hate speech is, and the tendency to compromise parts of the Constitution. They also look at important tidbits such as where on the globe Burkina Faso is located!

Never despise the day of small things because small things are telling us where we are headed. In this week's boralogue, John looks at several stories including intersectionality problems in the Netherlands, Justin Trudeau's brown face controversy, and believe it or not, a seminary where prayers are offered to plants. Everyone makes moral pronouncements, but they come from a pitching deck of relativistic ideas and will not work. Reform, therefore, is needed.

A plan has been afoot for more than 70 years to indoctrinate children in schools in order to push the global government narrative. Alex Newman (www.thenewamerican.com), Foreign Correspondent for The New American, shows us that parents can't compete with the intense indoctrination and gives some alternatives to public education.

John takes a moment to focus on our economy, playing a segment from the McAlvany Weekly Commentary. David McAlvany and Kevin Orrick of International Collectors Associates (www.mcalvanyica.com) discuss negative interest rates and their effect on central banks and the economy.

With social media companies virtually controlling our entire online experience, are users forced to agree with them just to have a voice? Data Network Architect Russ White (www.mindmatters.ai) is back with us to examine the physical infrastructure of the internet and how social media companies have monopolized the entire internet, even news sources.

John's quote of the week:
"The elites were talking about world government long before people began yelling about conspiracy theories. The problem was changing the minds of the people. How would you do that? You would use the public education system."

In this week's Extras segment, we play John's interview with Spokane radio legend Tom Read on his program It Seems To Me. Tom and John discuss journalistic standards and how mainstream media today are not living up to them. Included in that are examples of media bias such as slanting headlines and manipulating interviews to only include what supports their narrative.