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?
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 U.S. is still working out what administration will occupy the White House in January, but countries in the Middle East aren't waiting around. Israel-based Josh Hasten (joshhasten.com), host of the Israel Uncensored radio show, joins us to answer the question: what should be done about Iran? A Trump and a Biden administration have markedly different plans when it comes to Iran. Gulf States in the Middle East are forming alliances with Israel to fight against Iran should help not materialize from Western countries.
With all this uncertainty swirling around, a feeling of angst has settled over a lot of people. John, Carol, and Steve convene a Steel round table for a discussion on how to handle these stressful times. We need to focus on what's important and come together and help each other. Also, prayer is a great way to manage anxiety because God's plans are always best and He will provide a way for us to get through it.
John and Carol continue the studio round table, examining the new normal (or emerging paradigm shift) in the world of economics. They look at the global economic picture, the actions of central banks around the world, and how the virus is affecting businesses both big and small.
Finally this week, we tackle the age old question: what is truth? Dr. James Thrasher (faithandfreedom.com), Professor of Biblical Studies at Grove City College, relates his experiences with students and how they need a solid grounding in the absolute quality of truth. Truth can't be 'your truth isn't my truth' - it has to be based on something. In this clash of worldviews we're having today, it's important to ground yourself in absolute truth.
Following up on yesterday's round table discussion on overcoming angst, John and Carol collaborate today to look at the new normal (or ongoing paradigm shift) in the world of economics. They look at the global economic picture, the actions of central banks around the world, and how the virus is affecting businesses both big and small. They also play a clip from this week's McAlvany Weekly Commentary on how the markets are realigning to the new normal.
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!