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Why Gold and the Dollar Are Set to Dominate!

2024-11-16 News & Politics
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The Jay Martin Show
The Jay Martin Show
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Description

Today on The Jay Martin Show, Professor Steve Hanke critiques the Biden administration’s fiscal and monetary policies for exacerbating wealth inequality and driving public resentment. He attributes these issues to reckless fiscal expansion and Federal Reserve actions, which disproportionately benefited the wealthy. Hanke also examines global conflicts in Ukraine, the Middle East, and U.S.-China tensions, offering insights into their economic ramifications. For investors, he advises caution with risk assets, recommending gold and U.S. Treasury bonds as safer options amid market volatility. Explore the groundbreaking insights of Steve Hanke and Leland Yeager in their latest book, *Capital, Interest, and Waiting: Controversies, Puzzles, and New Additions to Capital Theory*. Get your copy here: https://link.springer.com/book/10.1007/978-3-031-63398-0 Claim your discount by following the information provided in this flyer: https://bit.ly/4hUgTbI The Commodity University: https://thecommodityuniversity.com/ Sign up for my free weekly newsletter at https://jaymartin.substack.com/subscribe Be part of our online investment community: https://cambridgehouse.com https://twitter.com/JayMartinBC https://www.instagram.com/jaymartinbc https://www.facebook.com/TheJayMartinShow https://www.linkedin.com/company/cambridge-house-international 0:00 - Intro 2:25 - Are Election Reactions a Paradigm Shift? 9:05 - Why Did the Rich Get Richer? 14:45 - Is Resentment Driving Political Outcomes? 20:30 - The Influence of Podcasts on Elections 25:15 - Can the Swamp Be Drained? 30:50 - Will Global Conflicts Shift Under New Leadership? 35:20 - What Happens to the U.S. in the China Standoff? 41:50 - How Should Investors Read Today’s Market? 46:25 - Why Gold and Bonds Are the Safer Bet 50:15 - Is the Dollar's Dominance at Risk? 54:00 - What’s Next in Interest Rates and Monetary Policy? 57:20 - Why Deferred Gratification Drives Prosperity Copyright © 2024 Cambridge House International Inc. All rights reserved.

Top Comments (10)

@GirlKongming 2024-11-17

I am European. Following what’s going on in America because of the economy. Your analysis is spot on. However, I just can’t wrap my mind around one thing: what’s on earth makes you think that Trump and a totally incompetent US government will help “little guy”? US Gini coefficient will just accelerate in wrong direction.

7 2 replies
@waynefaulkner2180 2024-11-17

The US hasn't raised the minimum wage since 2009, currently at $7.25 US per hour. The minimum wage in Nova Scotia, Canada is is $12.85 US.

5 1 replies
@anefriend 2024-11-17

The professor is great company and he explains things very well. Greatly appreciate your bringing him on the show!

4
@Michael-qy1jz 2024-11-17

The Endless Bull Market> No Recessions, Mass money printing and mass wealth transfers to the top !

3
@EfficientEnergyTransformations 2024-11-17

Prof Hanke is spot on the "waiting" function ( so to speak ). The only point is that is not "waiting" that is important but "depriving from current money" which incentivizes the players in the economy (who are competing to receive the money) to provide something of a better value as to incentivize the spenders to spend more as they start to perceive higher current value. Deprivations always improve any system as it incentivizes that system to optimize its resources and to achieve higher value with the same restrictions.

3
@OhAwe 2024-11-17

Based on what? Increased demand? Higher ability for consumers to pay higher prices? Most of the recent "growth" is just the US dollar devaluing after the monetary supply was massively increased.

2
@davecalico3273 2024-11-17

Professor Hanke is always SpoT On ~ and one of the best speakers

1
@bellavistadanes3881 2024-12-02

Professor is such a great guest!

0
@superstar5123 2024-11-17

great knowledge from professor

0
@UCSF2023 2024-12-02

I listen when Professor Hanke speaks! Thank you Jay

0

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