George Gammon Warns of the Coming US Digital Dollar and Ban on Cash

George Gammon warns that a digital dollar and a ban on cash is coming as the Fed has backed itself into a corner and needs another way to increase the money supply. George and Jason Hartman discuss the economy, inflation, deflation, US debt, and why George recommends hard assets like real estate.
0:00 Introduction to George Gammon
1:00 George reports from St. Barts
8:04 Jason opens a discussion on Japanonomics
9:00 The US deficit just this year will be the same as the total amount of debt accumulated from 1776 to 2000.
12:37 George talks about the trade surplus
15:24 US government spending is over 50% of GDP
16:37 How did pandemic change the US savings rate?
19:24 How has the savings rate been manipulated based on IRS’ estimates.?
22:23 Why deflation is good (especially for the poor and middle class)
23:48 The Fed announced they will no longer react to forecasts of inflation
25:40 Who actually ‘owns’ the Fed?
30:20 In a truly free market, one is always trying to create a product that has more value than the money in your pocket.
32:27 Where do you think these interest rates are going?
33:11 The Fisher Equation
39:29 Is inflation necessary?
40:49 The shortage of coins in the United States
41:31 Why the government would ban cash and create a digital currency
46:50 Be prepared or you’re going to be a victim
47:46 Be cautious about urban real estate
50:46 What is Rebel Capitalist Pro? https://www.georgegammon.com/proShow more

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