The G7 in Hiroshima: The Latest Attempt to Impose a Unipolar World
It's fitting that the G7 recently met in Hiroshima because the policies they are following are blowing up the world economy.
It's fitting that the G7 recently met in Hiroshima because the policies they are following are blowing up the world economy.
Inflationists will blame inflation on anything and everything except the only thing that makes all prices, which are measured in monetary units, rise at the same: Money supply growth rising faster than real economic output.
Ryan and Zack look at a region where the United States no longer dominates.
While the US ratchets up efforts to isolate its many enemies, the Chinese, the Saudis, the Arab League, and OPEC all shrug and look to increasing international communication and trade.
Recorded at The Depot Craft Brewery & Distillery in Reno, Nevada on May 20th, 2023.
As the US government debases the dollar, other nations take notice and possibilities increase that another currency based on sound principles might emerge.
As the US government debases the dollar, other nations take notice and possibilities increase that another currency based on sound principles might emerge.
Even when currency is backed by gold, governments have many political reasons to pursue national, territorial currencies. Now there are hundreds of national currencies. It didn't have to be this way.
Understanding what turns an ordinary currency into a global reserve currency can help us understand how the dollar could go into decline and give way to competing currencies.
Can national treasuries essentially adopt a permanent wartime footing and print far more money without consequence?