Because gold is honest money it is disliked by dishonest men.
Mark Voelker joins me today to discuss money, gold, and banking as we take a layman’s approach to weathering finances in general in the fiat currency system but also some ideas about getting through the recession that bound to come. Just why is the Fed not our friend?
Of course timing is critical, but so is being prepared. No one knows when it will happen, but all agree better to be ready than reacting in crisis.
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Michael Maloney Hidden Secrets of Money
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Why does Japan have a lot of debt yet have very low inflation?
Good question and one which I am not remotely qualified to answer. I asked some people and one suggestion is there is more personal savings in Japan then the US. That same person wrote that Japan is printing more money and if that’s so, inflation won’t be far behind.
The business cycle of boom and bust is known and, as it happens, predictable. The time line cannot be known or anticipated, but that it will happen as explained is clear.
If Japan is on this path, at some point, the cycle, referred to as the Austrian Business Cycle Theory, will bust. Most likely that will come after personal savings have been eliminated.