The world is out in uncharted territory economically and monetarily and a lot of the old rules aren't working. Never before in the history of the world have the world's currencies and economies been as interlinked as they are today. Debt levels are staggering and will probably never be paid. The long trail of bad decisions by the world's leaders is coming to fruition. But what does all this mean and what will it all look like? John and Carol Loeffler dedicate this episode to a snapshot de-tangling some of the data points with speculation as to where it might take us.
What is the future of the world's economy? Is it a digital currency and all the problems that come with that? Or is there a better option? Joining us today is Chris Brady (chrisbrady.com), Founder and CEO of Life Platform. He lends his cryptocurrency experience, looking at the benefits of Bitcoin and the dangers of a digital currency, especially the tracking aspect and the programmability standards. He and John also discuss central banks and the inevitable rollout of debt to create digital currencies. Chris also answers the question: is Russia end running sanctions by investing in crypto?
Politicos have mismanaged our economy for years leading us to the paradigm shift we're experiencing today. Now they're trying to offload responsibility but also use this mess to continue their agenda. John opens the program this week continuing his analysis of how we got here. He reviews what President Trump did to repair our economy and how President Biden has undone all of that. The world runs on oil, but there are forces – namely the climate alarmists – that have always advocated for getting us off of oil by taxing it, thereby hurting the poor and middle class. They and the politicos have slowly enacted their plans over the years, leading us to where we are today.
People are beginning to awaken from their slumber when it comes to these plans. The emperor is quickly disrobing and all the cards are now on the table. Joining us today is Christopher Bedford (rightforge.com), Chief Communications Officer at RightForge. Globalists are using our current crises to accelerate their Great Reset plans, but as they do, average everyday folks are waking up. Issues and relationships once thought unimportant are suddenly found to be vital. There's a battle brewing between the resetters and the reformers as we race into an unknown future.
There has been a new set of sanctions against the Russian government for their role in Ukraine. But could there be unforeseen consequences to these new sanctions? With us to discuss is Tho Bishop (mises.org), Assistant Editor of the Mises Wire at the Mises Institute. He shows how politicians are largely ignorant about economics, putting politics over sound policy. He also looks at the very real possibility that the sanctions process being used against Putin right now may soon be used against ‘domestic terrorists' in America.
We finish this week's program with an incredible update from our correspondent in Ukraine, Reuben Johnson. We had feared the worst after not hearing from him for weeks, but he's back and he tells us what he experienced trying to leave Ukraine and how the Russian soldiers feel about the war they're fighting.
Last week John gave a history as to how we arrived at our current state in the economy and with the dollar. Today, John continues that historical account, reviewing what President Trump did to repair our economy and how President Biden has undone all of that, causing us to be dependent on autocracies for oil and giving Russia economic advantages that the world would rather it not have. John points out the world runs on oil, but there are forces – namely the climate alarmists – that have always advocated for getting us off of oil by taxing it, thereby eroding our economy, hurting the poor and middle class, and lining their own pockets. They've slowly enacted their plan over the years, leading us to where we are today.
Will there be consequences to this onrush of economic sanctions against Russia? Is politics overshadowing economics to the detriment of people worldwide? Joining us today is Tho Bishop (mises.org), Assistant Editor of the Mises Wire at the Mises Institute. He discusses how politicians here and in other countries are largely ignorant about economics, putting political righteousness over sound policy. He also looks at the very real possibility that the sanctions process being used against Putin right now will most likely be used against 'domestic terrorists' in America soon. Is there any way off this road to high inflation and economic destruction? If there is, it won't be on a political road.
Given the policies that the current administration has put in place, it's not a shock that inflation is picking up. But some in government and the media are telling us it's not a problem. First up this week is Bruce Yandle (mercatus.org), Distinguished Adjunct Fellow at the Mercatus Center at George Mason University. He draws on his previous experience at the top of the Federal Trade Commission to predict when our economic tipping point will be if we don't fix things now. He also shows us what a Bruce Yandle-led Federal Reserve would do to solve the problem.
The Democrat Party is the party in charge right now, causing this inflation. But prior to our last election, several political forecasters were betting the party would soon come to an end. Is that prediction still valid after the election? Bob Adelmann (thenewamerican.com), retired entrepreneur and conservative columnist, is here to answer that. He describes why the party would disappear in a few years and gives an early prediction as to how the 2022 midterm elections will turn out for both houses of Congress.
Finally this week, we take a look at why the catchphrase ‘Build Back Better' is an empty slogan that's actually accomplishing nothing. Joining us is Seton Motley (lessgovernment.org), Founder and President of the group Less Government. He looks at how everything fits together from our supply chain issues to China's rise after the fall of the Soviet Union to Chinese influence in our college education system. He finishes up weighing in on the future of pandemic-related issues in this country.
The catchphrase of the year so far is 'Build Back Better,' a slogan our current administration keeps insisting we're following. To most people, though, nothing is better. Back with us today after a long hiatus is Seton Motley (lessgovernment.org), Founder and President of the group Less Government. Why is the plan seemingly to destroy the country and our economy rather than build back better? He looks at how everything fits together from our supply chain issues to China's rise after the fall of the Soviet Union to Chinese influence in our college education system. He even weighs in on the pandemic and where we're headed in this country.
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!
Israel is very much in the news right now but the media narratives are not matching the facts on the ground. We open our Israel focus this week with John's analysis of what's happening in Israel versus the spin you're getting from the news. He looks at the Temple Mount riots, the violence in East Jerusalem, and rocket attacks from Gaza into Israel and Israel's response.
We then move to an often-pushed narrative in the media and on college campuses that Israel is an apartheid state. Here this week is someone who has lived in both South Africa and Israel, Reverend Malcolm Hedding (www.malcolmhedding.com), Associate Minister of World Outreach Church. He describes what conditions were like for blacks living under apartheid and what life is like today for Palestinians in Israel and there is positively no comparison. He also looks at how social justice in Western schools has led to the Israel apartheid narrative.
The U.S. economy – along with that of the rest of the world – is on shaky ground at the moment. John and Carol round out the show this week with a Steel on Steel economic summit to make sense of what's going on. They look at the difference between monetary policy and fiscal policy and how for the first time in history, fiscal policy is winning out. All safety measures and accountability have been removed from the economy and the whole thing is being held together by confidence. Once that confidence erodes, the whole system collapses.
It's fair to say that the U.S. economy – along with that of the rest of the world – is on shaky ground at the moment. John and Carol sit down for a Steel on Steel economic summit today to make sense of what's going on. They play clips of economists and do their own analysis, making a dry topic easy to understand and interesting. They look at the difference between monetary policy and fiscal policy and how for the first time in history, fiscal policy is winning out. All the safety measures and accountability have been removed from the economy and the whole thing is being held together by confidence. Once the confidence erodes, the whole system collapses. How long can we keep playing this game?