AlexCast EP1 - Jim Rickards
AlexCast EP1 Topic Notes
More information on newsletters and social media at alexstanczyk.com
Follow Alex Stanczyk on Gab: https://gab.com/AlexStanczyk
*Our guest for EP1 is Best-selling Author James G. Rickards.
He is an investment advisor, lawyer, and economist, and has held senior positions at Citibank, Long-Term Capital Management, and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates. He is an Op-Ed contributor to the Financial Times, Evening Standard, The Telegraph, New York Times, and Washington Post, and has been interviewed on BBC, CNN, NPR, C-SPAN, CNBC, Bloomberg, Fox, and The Wall Street Journal. Mr. Rickards is a guest lecturer in globalization and finance at The Johns Hopkins University, Georgetown University, The Kellogg School at Northwestern, the U.S. Army War College and the School of Advanced International Studies. He has delivered papers on risk at Singularity University, the Applied Physics Laboratory, and the Los Alamos National Laboratory. He is an advisor on capital markets to the U.S. intelligence community, and the Office of the Secretary of Defense, and is on the Advisory Board of the Center on Economic and Financial Power in Washington DC. Mr. Rickards holds an LL.M. (Taxation) from the NYU School of Law; a J.D. from the University of Pennsylvania Law School; an M.A. in international economics from SAIS, and a B.A. (with honors) from Johns Hopkins.
*The one thing that makes Jim Rickards nervous regarding systemic financial stability
*What happened with Archegos
*Virus, Lockdowns, Economic Impacts
*The New Great Depression - How to measure it
*The Spanish Flu was the worst pandemic in history
*What happens when you have both a pandemic and depression at the same time
*Why depressions over time cause a massive loss of wealth
*US Debt to GDP has hit 130%
*What is required to get inflation
*76% of stimulus checks are either being saved or used to reduce debt
*We now have $10T of Government spending in an economy that produces $23T of GDP
*What happens if Government spending exceeds the productive capacity of the United States
*Who actually benefits from Government spending
*Shortages, Gun Control, Ammunition
*The True Purpose of the Second Amendment
*How to get banned from Twitter
*Was the CCP virus origin from a bioweapons lab
*Efficacy of masks to prevent contagion of nanoparticle scale virus
*What a vaccine really is, and why the current genetic experiments being injected into people are not vaccines by definition but designed to program your cells instead
*Potential risks of mRNA experiments causing spike proteins versus antibodies
*How mRNA generated spike proteins can be used to later tailor a bio-weapon that specifically targets people who have been injected with it
*Big Pharma immunity to legal recourse for negative effects of the experiment
*Lack of Informed Consent is a red flag and another form of control
*Why infection rates in Africa are so low
*Why the National Guard Troops are STILL deployed to DC
*National Security Status of the United States
*The origin and nature of militias in the USA
*Why China, Russia, Iran, Korea will continue to test the United States Military and the Biden administration
*Risk of China going kinetic on Taiwan
2.75K
views
2
comments
AlexCast EP2 - Jeff Booth
Twitter:
@JeffBooth
@alexstanczyk
*Why this message is important
*Sheep, Sheepdogs, Wolves
*Foundational Concept: Inflation steals our time, Deflation frees our time
*Growing up in an inflationary system makes it hard for people to imagine anything else
*How the rate of inflation under traditional measurement does not factor in the loss of purchasing power not measured by the negative bias caused by technology
*Why Bitcoin is needed: The System Cannot Change Itself
*Key Principles:
*Technology Is Deflationary
*The rate of increase in productivity due to technology (rate of inflation) is increasing exponentially
*All of the printing and monetary policy is a reaction to the deflationary forces of technology
*Technology drives the cost of things lower until it reaches free
*Technology today requires a currency that allows for deflation
*Inflationary systems build corruption into the foundation of society and accelerates it
*Because technology is causing deflation exponentially, the amount of stimulus must also increase exponentially or the system will implode
*If the amount of stimulus increases exponentially, it will implode regardless
*The net result is, the system is now guaranteed to implode
*All current measurements for measuring the economy are broken, because the underlying base layer is dishonest
*Bitcoin may be the only true measurement of what is happening in the economy right now
*Measuring GDP is no longer useful as all of the numbers reflect a derivative of an already skewed metric
*Inflationary policy is causing massive misallocations of capital, and is furthering wealth inequality which leads to societal instability in the form of war, revolution, or civil unrest
*Inflationary policy is also driving trade wars as sovereigns are seeking strategically critical materials
*Without a peaceful transition to Bitcoin, consolidation of power because of further inflationary response could lead to a future where surveillance technology, robotics, and AI are used against the people to enforce despotism
*Bitcoin will over time become easier and easier to use
*Bitcoin is matching the adoption of the internet, and in internet terms its 1997
*Starlink has the potential to massively increase the network effects of Bitcoin
*Increased stimulus will exacerbate the wealth divide and agitate civil unrest, which will lead to more stimulus and universal basic income
*The best thing people on the lower economic side of the equation could do is take UBI and invest in Bitcoin
*Under a Bitcoin monetary system politicians would have to run on the truth
*Decentralization of resources and talent will continue to be driven based on regional policies
*Evaluating Risks to Bitcoin
*Gold vs Bitcoin
*Risks to having all wealth in real estate
*Why people will want to keep value in Bitcoin and never convert it back to USD
70
views
Warrior Project - Firearms Training / 2A
Montage of some competition shoots out in WA state.
31
views