Global Economy

It's fitting that the G7 recently met in Hiroshima because the policies they are following are blowing up the world economy.

The fiat US dollar, while still the world's "reserve" currency, is being imperiled by reckless actions by monetary authorities. Other countries are taking notice—and action.

It's all in spite of enormous social spending, more than two trillion euros of stimulus, and the increase in population. Resorting to the old “it could have been worse” argument makes no sense.

It's fitting that the G7 recently met in Hiroshima because the policies they are following are blowing up the world economy.

Inflationists will blame inflation on anything and everything except the only thing that makes all prices, which are measured in monetary units, rise at the same: Money supply growth rising faster than real economic output.

Ryan and Zack look at a region where the United States no longer dominates. 

While the US ratchets up efforts to isolate its many enemies, the Chinese, the Saudis, the Arab League, and OPEC all shrug and look to increasing international communication and trade.

Recorded at The Depot Craft Brewery & Distillery in Reno, Nevada on May 20th, 2023.

As the US government debases the dollar, other nations take notice and possibilities increase that another currency based on sound principles might emerge.

As the US government debases the dollar, other nations take notice and possibilities increase that another currency based on sound principles might emerge.