Bob Moriarty: The World is Functionally Bankrupt
Tom welcomes Robert Moriarty back to the program to discuss the latest in interesting times in finance. Bob explains where the money is really coming from to bail out the recent failures in the banking system, noting that the $200 billion figure has ballooned to $2 trillion. The Federal Reserve has effectively committed to printing $2 trillion in a week, which is unprecedented.
Bob believes that the system can't be repaid mathematically, so something is bound to blow up, leading to inflation and deflation in response to the new debt. He also covers the history of banking in the United States and the purpose of the Glass-Steagall Act, as well as the impact of geopolitical risk.
Bob expresses his dismay about the quality of the leadership in the US and his concern about the potential for increased conflict. He concludes that there is no real limit to how much money can be spent on bailouts, and that sanctions and conflict risks seem to be increasing, without helping the situation.
*Palisade Radio Links:*
â–º Website & Newsletter: https://palisadesradio.ca
â–º Rumble: https://rumble.com/c/c-1586024
â–º Odysee: https://odysee.com/@PalisadesGoldRadio:c
Time Stamp References:
0:00 - Introduction
0:55 - All Debts Get Paid
4:28 - Causes & Bond Markets
8:23 - Flationary Effects?
15:17 - Saudis & Ukraine
18:05 - Sanctions & Seizures
21:00 - Alt. Competing Systems
23:30 - New Standards
25:44 - FDIC Bailout-ing
27:42 - Cash & Real Assets
29:42 - Shares & Margin
31:42 - Geopolitics & Conflict
37:07 - Collum Year-In-Review
41:21 - Gold Price & Miners
43:53 - Scary Times
46:30 - Wrap Up
Talking Points From This Episode
- Why the existing monetary system is destined for complete failure.
- The expansion of the BRICS+ countries and heightening geopolitical tensions.
- What possible actions will the Fed undertake to "fix things" in this environment.
Guest Links:
Website: http://www.321gold.com
Books on Amazon: https://www.amazon.com/Robert-Moriarty/e/B01A9I4TJU?ref=sr_ntt_srch_lnk_3&qid=1599932580&sr=8-3
Bob Moriarty founded 321gold.com with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind, and nuclear energy. Both sites feature articles, editorial opinions, pricing figures, and updates on both sectors' current events. Previously, Moriarty was a Marine F-4B and O-1 pilot, with more than 832 missions in Vietnam. He holds fourteen international aviation records.
-
1:07:20
Palisades Gold Radio
11 days agoMichael Kao: What Happens to Gold in a Central Bank Pivoting World?
500 -
LIVE
The Big Migâ„¢
19 hours agoThe Hunt For January 6th, SCOTUS Torpedoes J6 Obstruction Charge
3,913 watching -
LIVE
RealitySurvival
54 minutes agoNational Security Implications Of The Presidential Debate
98 watching -
13:22
Ethical Preparedness
19 hours agoThe SECRET WEAPON That Only Professionals Carry to Get Out of DEEP TROUBLE
1111 -
LIVE
Random Kiwi Gamer
12 hours agoCapturing The Jotun Makes Us Masters Of This Island | ASKA
781 watching -
7:01
Vigilant News Network
3 hours agoBiden's Brain Crashes and Burns in More Ways Than One | Beyond the Headlines
5583 -
LIVE
Right Side Broadcasting Network
4 days agoLIVE REPLAY: President Trump Delivers Remarks in Chesapeake, Virginia - 6/28/24
7,702 watching -
1:29:03
Andy Frisella
6 hours agoAre They Going To Steal The Election? Ft. Tim Young Ep 734 CTI
8645 -
2:28:19
WeAreChange
4 hours agoOffensive Purpose Of BIOWEAPONS LABS In Ukraine And China Revealed!
38K71 -
7:04
Misha Petrov
3 hours agoDemocrats PANIC Over Biden’s Debate Disaster
4.85K32