American Monetary Association AMA 191 - America vs Russia & China with Paul Craig Roberts
Jason talks with the co-founder of Reaganomics, Paul Craig Roberts. Together, they discuss some of the international threats that could face America, thanks to the recent actions from Washington. Specifically, they deal with issues of demography, currency and military developments in Russia and China and consider the potential impact of each of these on the United States.
Key Takeaways:
[1:55] The ruble should be strong in comparison to the dollar, and yet the ruble is risking collapse.
[5:49] The reserve currency status no longer seems as stable when we look at potential drops in use of the dollar.
[13:04] Paul Craig Roberts describes the US’s current position with regards to Russia and China.
[23:03] We’ve got a whole generation of people who now can’t afford to live on their own terms.
[25:56] The discussion moves to inflation and how it could transform the US economy.
[35:03] With so many problems, is there a solution?
Website:
Originally recorded in 2014