President Obama recently endorsed the idea of mandatory voting. Justin plays the clips of President Obama saying this and then Justin points out why this is a very bad idea! Justin ends the show talking about subsidies and why the government will never truly cut spending until it’s forced to do so. And this will not be pretty!
Dr. Mark Skousen is an author of 25 books and is considered one of the 20 most influencial economists alive today. Dr. Skousen talks about GDP and why it doesn’t give us the full picture of what’s happening in the economy. He also talks about the benefits of measuring Gross Output. He also gets into the benefits of silver coins and what’s coming at FreedomFest this year in Las Vegas!
Justin talks about the most recent Paul Krugman piece and tears it apart! Justin also explains what’s happening with the dollar and gold right now and why Paul Krugman is wrong about it all!
Justin talks about the big crisis that is coming to the car industry! Most people don’t see it coming but it’s so obvious and the number of defaulting car loans is rapidly increasing! This is yet more proof the economy is not recovering!
Justin looks at the increase in costs of admission at Disney World and shows how the admission cost is increasing at a rate more than triple the stated inflation rate in the economy! The FED is drastically understating the inflation rate in the economy! And the Government has a self interest understating the inflation rate. Justin also points out how the Big Mac index is useful comparing currencies from around the world.