The Great Simplification with Nate Hagens

The Global Stakes of the U.S. Election: Debt, The Dollar, and Military Power | Reality Roundtable #12

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Oct 27, 2024
In this fascinating discussion, Luke Gromen, founder of Forest For The Trees, and Michael Every, global strategist at Rabobank Singapore, delve into the high-stakes implications of the upcoming U.S. presidential election. They explore the potential economic strategies of both Kamala Harris and Donald Trump, focusing on the future of the U.S. dollar and military power's impact on global stability. The conversation also addresses China's use of gold and NATO's actions in Ukraine, examining their effects on international financial relationships and energy resources.
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INSIGHT

US Fiscal Cliff

  • The US faces a critical fiscal situation with rising entitlements and interest payments consuming nearly all tax receipts.
  • The core policy question is whether to cut spending or print money, regardless of who wins the election.
INSIGHT

Global Economic Trouble

  • Most countries face similar economic troubles, not just the US. Printing money strategically for supply-side investments, rather than demand-side consumption, is crucial.
INSIGHT

Limits to Money Printing

  • The ability to print money has created complacency, masking the link between money and physical resources. The real value of treasuries has declined due to factors like peak cheap oil and China's emergence.
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