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?
Is the dollar now unbound, as the dominant political tool of the dominant nation? Jeff and Bob take a look at how strong the US dollar really is.
Ryan and Tho feel obligated to discuss the State of the Union address.
A recession looks more likely every day, and the latest sign of this is slowing price growth in producer prices. After all, price inflation usually slows as the economy weakens and consumers run out of easy money.
