Germany has been capable of making well reasoned decisions over the years, but recent events have indicated quite the opposite. John Rubino comes on the show to talk about the chaos occurring with Germany’s lack of gas, and the lack of faith in the euro. With civil unrest and the inevitable need for the European central bank to tighten, unfortunate outcomes are in store for Germany—and the future of Europe. Listen in for more information.

-A few years back, Germany decided to cut deals with Russia for natural gas—which would make Russia a primary supplier for their natural gas
-They put a hostile military alliance right on their border, and now Russia isn’t exporting natural gas to Germany
-Germany is currently setting up warming stations
-Energy is crucial to Germany’s economy, and now they’re running a trade deficit
-The only reason the euro was a viable currency was because everyone perceived the euro to be a new version of German currency. They also thought of the other outstanding debt as being German debt
-Nothing is propping up the euro, which is why there is now chaos
-People are losing faith in the euro and Germany. The only solution would be taking back the sanctions and trying to make peace with Russia—but it’s also not in Russia’s best interest to do this
-There is a lot of civil unrest taking place
-Damage is being done to agriculture; all of the farmers in the EU are rebelling
-The European central bank has no other choice but to tighten

Useful Links:
Financial Survival Network
Dollar Collapse

Direct download: John_Rubino_18.Jul.22.mp3
Category:general -- posted at: 8:01am EDT

When the price of gasoline doubles and the overall CPI goes up 9.1%, something seems to be wrong. Everything is doubling and tripling, and the Fed has yet to tackle the true root of inflation. Andy Schectman sits down with me to talk about this, and we compare today’s inflation to that of the 80s. If it were measured in the same way as it previously was, we would see an inflation rate of about 13.6%. The entire system is experiencing major fragility, and the effects of this have only just begun. Tune in for more expert insight from Andy.

-When was the last time you saw the price of something go down? Andy did see $4.85 gas, so it has gone down slightly, but prices are steadily rising for the most part
-The originally reported core CPI in 1980 was 13.8%
-Our 9.1% inflation rate measured the way it used to be measured would be 13.6%
-In 2020, we had a rate of 1.4%, so the current inflation is 6.5 times more intense than it was two years ago
-The federal funds rate has risen, but we’re not getting tough on inflation
-Thanks to low interest rates and easy money, assets have become extremely distorted (stocks, bonds, real estate)
-If they raised rates to 9%, you would see the immediate implosion of the markets
-The dollar is trading at a premium to the euro and yen
-With a debt based currency, everything is going to unravel
-The real manipulation has always centered around interest rates
-With low interest rates, companies and consumers take risks that they wouldn’t otherwise take
-We’re seeing a move away from the dollar hegemony because other countries are wondering if they are next

Useful Links:
Financial Survival Network
Miles Franklin

Direct download: Andy_Schectman_16.Jul.22.mp3
Category:general -- posted at: 8:00am EDT






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