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Keith Weiner: The Fedcoin is Coming

Summary:
Tom welcomes a new guest, Keith Weiner, to the show to discuss the monetary forces behind inflation and debt. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca There is no way to extinguish debt in our current system, so the total debt grows, and due to interest, it tends to grow exponentially. In the past, the Fed loosened regulations and lowered rates, but it's like they are pushing on a string. There is a lot of talk about a Fed coin. If you have to force credit into the economy and banks are unwilling or unable, the Fed has to become the monetary institution. Interest rates have moved higher and are still below the beginning of last year. We've had steady downward moves with interest rates over the past several decades with

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Tom welcomes a new guest, Keith Weiner, to the show to discuss the monetary forces behind inflation and debt. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca There is no way to extinguish debt in our current system, so the total debt grows, and due to interest, it tends to grow exponentially. In the past, the Fed loosened regulations and lowered rates, but it's like they are pushing on a string. There is a lot of talk about a Fed coin. If you have to force credit into the economy and banks are unwilling or unable, the Fed has to become the monetary institution. Interest rates have moved higher and are still below the beginning of last year. We've had steady downward moves with interest rates over the past several decades with occasional periods of correction. Keith thinks the forces driving rates down will persist. The current demand for credit is lethargic as businesses have been hit hard. He argues the need for borrowing is occurring on the downticks in interest rates. Keith explains that hyperinflation will only come after the Fed becomes insolvent. This could happen if interest rates were to rise and the Fed ended up with a negative cash-flow. When they become insolvent, this will be the Zimbabwe moment. He argues that bitcoin is not money because it can be forked and thus essentially copied. There is something unsound about this aspect of crypto. Bitcoin is difficult to borrow against because the price is moving higher. He argues that bitcoin can't be used to finance any productive enterprise. Time Stamp References: 0:00 - Introduction 0:35 - Inflation Vs. Deflation 3:08 - Inflations "Twin" 4:00 - Rates 8:35 - CPI & Dishonesty 11:25 - Interest Rates & Inflation 16:17 - Fed Assets & Hyperinflation 19:47 - Banks, Fed Coin, & Stimulus 22:28 - Monetary Policies 24:47 - Metals & Bank Arbitrage 31:47 - PM Suppression 33:44 - Timing & Price Drops 36:33 - Gold Short Positions 38:18 - Main Gold Driver? 42:25 - Bitcoin as Money? 47:40 - Wrap Up Talking Points From This Episode - Inflation Forces Monetary vs. Non-Monetary. - The debt-based system and debt growth. - CPI & dishonesty in economics. - Why bitcoin is not money. Guest Links: Twitter: https://twitter.com/kweiner01 Website: https://monetary-metals.com Website: https://goldstandardinstitute.net Facebook: https://www.facebook.com/keith.weiner.5 Keith Weiner earned his Ph.D. from the (non-accredited) New Austrian School of Economics. He speaks worldwide about the failing dollar system and the need to rediscover the gold standard. To this end, He founded the Gold Standard Institute USA and Monetary Metals. The former is a nonprofit focused on education and outreach. The latter makes it profitable to invest in the gold standard by paying gold interest on gold. Previously, Keith founded DiamondWare, a voice technology company that he sold to Nortel Networks in 2008. #KeithWeiner #Dollar #Debt #Bonds #Inflation #FederalReserve #Insolvency #Bitcoin #Gold #Fedcoin Keith Weiner: The Fedcoin is Coming
Keith Weiner
Keith Weiner is president of the Gold Standard Institute USA in Phoenix, Arizona, and CEO of the precious metals fund manager Monetary Metals. He created DiamondWare, a technology company that he sold to Nortel Networks in 2008. He writes about money, credit and gold. In March 2015 he moved his column from Forbes to SNBCHF.com

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