Mike Maharrey, from the Tenth Amendment Center and Schiff Gold, returns to the show to discuss Defend the Guard and America’s national debt.
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6 thoughts on “Conflicts of Interest: Will the Dollar’s Decline Break the American Empire? Guest Mike Maharrey”
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So goes the dollar, so goes our hegemony.
All Empires die the same identical way!
July 19, 2022 About that Missing $94.7 Trillion…
Well, it turns out the $21 trillion is just the tip of the iceberg. Bloomberg News reports that the DOD recorded “accounting adjustments” for fiscal years 2017, 2018, and 2019 amounting to $94.7 trillion.
https://www.nestmann.com/about-that-missing-94-7-trillion#.Y1H5c92zgek.link
Sure, this policy of “Modern Monetary Theory” is inflationary, and sure, the official inflation rate now exceeds 9% annually. (Unofficially, the real inflation rate is closer to 17% per year.)
I hope there won’t be another empire after the American Empire dies out. After it dies out, I hope Israel’s empire in the Mideast and Saudi Arabia’s war in Yemen die out too.
Without those dollars allot folks will be scrambling for shelter, and especially the Bankster’s!
What decline? Vs the Euro, vs the pound vs the RMB vs the Yen the dollar is up over the last 5 years. Schiff is entertaining but pretty consistently offers terrible investment advice. Seriously over a 5 year time frame what currency is the USD down against?