American Monetary Association AMA 178 - The Breaking Point: Profit from the Coming Money Cataclysm with James Davidson
Jason Hartman talks with James Dale Davidson, co-founder of Agora Publishing, Founder of the National Taxpayer’s Union, co-editor of Strategic Investment for the Sovereign Society, and founder of Newsmax. James has just written his newest book, The Breaking Point: Profit from the Coming Money Cataclysm. James believes that, in his lifetime, we are likely to see a massive marketplace disaster compliments of Obamacare, Chinese ghost towns, printing money, and other bad economic decisions.
Key Takeaways:
[1:20] The Western Civilization has a new business model and social contract
[5:57] Some of Trump's support came because middle class white voters are experiencing a decline in their life expectancy
[9:13] What does the US economy look like under a Trump presidency?
[10:27] James' latest book, The Breaking Point, examines the relationship between drug companies and the food industry.
[14:19] Some business savvy for our politicians would help them out a lot
[18:00] Bernie Sanders and Karl Marx share some similarities
[20:02] Fake capital lets people borrow money practically for free
[27:26] We can't keep passing the buck down generation after generation
[31:22] Chinese ghost towns used more cement in a dozen years than our entire country did in the 20th century
[37:27] Chile has provided most of the copper used by the Chinese
[40:48] We are staring into the face of the biggest economic crisis in history
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