Jason Hartman opens by suggesting the idea that the wealth distribution in America might happen naturally. While people can work remotely and choose to leave the big cities, these high wage earners will take what they have to share to suburban America.
Gold is the only monetary asset in the world that is not somebody else’s liability. Jason Hartman talks with Charles Goyette going beyond every conversation about gold in the economy right now. Gold’s value continues to rise, and not just compared to the dollar. Goyette says that China, along with the rest of the world, is de-dollarizing. Goyette gives an insightful, thought-provoking history and prediction of currencies in all forms across the globe.
[1:30] What does Bloomberg have to say about San Francisco?
[2:30] Water seeks the lowest point.
[7:15] When people flee to a less expensive area, they’re able to gain wealth, get ahead faster, and have an overall better standard of living.
[8:45] Why was the Berlin Wall built?
[12:20] High earning, highly educated people leaving previously favored cities will change the face of suburban America.
[18:30] Maybe we should have ‘socialist distancing’ as opposed to social distancing.
[20:20] In the last 100 years, the US has had three versions of the US dollar.
[21:00] Was the US government doing the mega version of check kiting?
[27:30] No trillion dollar debt?
[29:00] Are we looking at a sort of rampant runaway towards socialism in the US?
[30:40] For our economic might to end, it has to be replaced.
[34:15] China, along with the rest of the world, are de-dollarizing.
[35:40] How does bitcoin play into the future of global currency?
[37:15] “Socialism; ideas so good we have to force you to accept them.”
[39:20] Is gold an investment, insurance, or a currency?
[41:00] Is gold as scarce as we think?
[44:45] Any closing thoughts on the new world order and the great reset?