money printing

Will the Central Banks Go Digital?

Broadcast Running Time: 01:19:13

John Loeffler

August 14, 2021

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Eliminating cash and transitioning to an all-digital currency may make some people nervous, especially if the digital currency is backed by the government. Leading off the show this week is silver expert David Morgan (themorganreport.com), author of the Morgan Report. He and John look at the possibility that the U.S. government could shift to digital currency, giving them control over all transactions. Bitcoin, the current leader in digital money, will either face off against the establishment or be co-opted by it. David also predicts what could happen with inflation and our massive debt.

We then move in-house with a conversation between John and Producer Steve. They examine the media's lack of journalism in parroting the administration's wavering virus messaging as well as using conflicting scientific papers in the virus and vaccine battle. They also discuss the tendency for the truth to win out in the end, how mandates violate freedom, and even some unprofessional undercover activity on the part of federal law enforcement.

Finally, we welcome to the show Mike Berry (firstliberty.org), General Counsel for First Liberty Institute and member of the U.S. Marine Corps. It is getting harder for members of the armed forces to honor the military oath. It says you are to support and defend the Constitution, but it also says you are to obey the orders of the President and superior officers. With woke leadership demonizing conservative military members for their beliefs, eventually our enemies will defeat us without firing a shot.

The idea of eliminating cash and going to an all-digital currency may make some people nervous – especially if the digital currency is backed by the government – but what does it really mean? Joining us today is David Morgan (themorganreport.com), silver expert and author of the Morgan Report. He and John discuss the possibility that government, should they take the reins of a digital currency, would be able to track every transaction you make. They also look at how Bitcoin works, how the 'powers that be' would have to interfere if Bitcoin became too powerful, and what could happen with inflation and our massive debt.

You can't tax your way to prosperity, despite the repeated attempts to do so. Joining us today for a tax discussion is Julio Gonzalez (engineeredtaxservices.com), CEO of Engineered Tax Services. He looks at the new proposed Patriot Tax and the tendency for politicians on the Left to always turn to taxing the rich to solve society's problems. But the rich are never soaked, they offshore their money, and the middle class always ends up crumbling under the weight of these policies. No one can ever explain why the Left think the rich will pay, how they'll ever make the math work to fund their programs, and how any of it actually helps the poor. Will reality become so real that we actually get tax reform?

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.

Holy Land Against the World

Broadcast Running Time: 01:17:36

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?

John Loeffler

October 21, 2020

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On today's podcast, John dives into the economic reality facing not only the United States, but also the rest of the world.  He looks at the trend of global central banks toward inflation, the outlook of things financially, both long-term and just over the horizon, and the traps and pitfalls that mark the lead-up to a Socialist takeover of an economy.  So will it be an absolutely horrible future for the world?  No, but it is wise to keep smart counsel, recognize the signs moving forward, and act to try to mitigate the pain that will be coming.