Alan Greenspan recently sat down for a 30 minute interview on Bloomberg TV and what he said in that interview is shocking for a former Federal Reserve chairman to say. A few of the shocking statements Greenspan says are played on this episode. Greenspan sees inflation coming our way and he says just way, it’s coming! Alan Greenspan even says we should return to a gold standard and that our country experienced the most prosperity when we were on the classic gold standard from 1870-1913. For those of you who sense that many things are wrong in this economy and that things are about to get much worse, this episode confirms those beliefs with some astonishing facts you won’t find in the mainstream media anywhere! You need to buy gold and silver now!
Since 1990, $20 billion of tax payer dollars has been spent on sports stadiums! Why on God’s green earth are taxpayers subsidizing stadiums for billionaires!? Unfortunately, this is only one small example of our hard earned money being pissed down the drain. Supply-side economics really focuses on reducing tax rates which is great, but they go astray when they do this so they can increase revenues to the government. We shouldn’t be trying to increase revenues to the government at all! Rather, we should be trying to reduce taxes enough so revenues to the government actually shrink! Any money the government takes via taxes they spend that and some so lets starve the beast!
So with Britain deciding to leave the EU what does this mean? Will this lead to a collapse of the European Union as more states decide to opt out? There’s a lot of uncertainty out there and the markets have reflected that since the Brexit vote took place. The Brexit vote really shows how people all over the world are unhappy and are losing confidence in the system! Look no further than Donald Trump and Bernie Sanders in the United States and again, those are people unhappy with the system and the elites in charge today! There’s a feeling of revolution out there and Brexit is just a sign of that. How many more cracks will we see before the global economy comes crashing down?
The economy continues to worsen for the people of Venezuela. People are digging through piles of rubbish to find food because they are starving and are more likely to come away with more food there then they would going to the grocery store! Families are letting their family dogs go because they can’t afford to feed them! Stray dogs are so skinny that every rib and bone is visible! This is what socialism does for people. Socialism brings equal misery to all! The government isn’t capable of providing abundance, that’s what capitalism does! Government can only squander resources first taken from the private sector. The reality facing Venezuela today, could be in store for the average American very soon.
Charles Murray recently wrote a piece at the Wall Street Journal and he argues in favor of a Universal Basic Income. Charles wants to eliminate all welfare as we know it today and replace it with a $13,000 check that goes directly into the bank account of all Americans. Should libertarians be supporting a way to make welfare more efficient and using government as a solution? Or should libertarians be arguing how the private sector is the answer to poverty by creating more opportunities and more wealth for all? All this and much more are discussed on this episode.