What happens to the value of a currency when you create currency out of thin air? Jason Hartman talks about the percentage of GDP that countries around the world are spending to stimulate their economy. Prepare for a Wow!
Jim Puplava’s interview is continued opening with a discussion on inflation or stagflation, where do we see the immediate future of the U.S.? As well, Jim shares some interesting concepts about cryptocurrency, why it might be used, and why it might be rejected. Finally, Jim answers why negative interest rates cause a problem with cash.
[2:45] One cannot create currency out of thin air without the currency value declining.
[7:45] From the famous Karl Marx, a question, “do the needs of the many outweigh the needs of the few?”
[12:50] “We become what we think about.”
[10:40] What country spent 21.1% of its entire countries productive capacity only on trying to stimulate its economy based on the Covid-19 crisis?
[20:15] Is our future inflationary or stagflationary?
[27:20] Jim, what do you think about cryptocurrency?
[33:35] Why do negative interest rates cause a problem with cash?
[36:48] In the U.S., what’s the result of our debt to GDP ratio getting out of line?