Tom Kowitz on the Last 4 US Government Defaults – Friday Flashbacks – Epi-47
The Survival Podcast
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The Evolution of U.S. Monetary Policy and Its Consequences
This chapter explores the historical development of the U.S. government's monetary system, highlighting key events that signify defaults on the dollar. The speakers examine the implications of significant monetary policies, questioning the effectiveness of the Federal Reserve since its inception and the consequences of government borrowing. They argue for a reduction in borrowing practices to avoid burdening future generations while critiquing the recent political maneuverings surrounding the debt ceiling.
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