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The fed has finally cut interest rates and more rate cuts are coming by year end gold and silver is where to be. The precious metals are soaring in value as gold continues to make new six year highs! The bull market in precious metals is finally here. In this episode I mention a credit card where you can claim a free $150 after signing up for the card. That referral link is right here: capital.one/2Wt2Q2j

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Meet the hosts

I farm and work on a feedlot just outside of Billings, MT. My dad and I will feed up to 8,000 head of cattle every year at the feedlot. As of September 20th I launched a podcast on iTunes where I talk about the current issues of the day. My mantra is defending the free market and making the moral case for capitalism! My show is weekly and is available on iTunes, Stitcher and your web browser.

discussions

  • I’ve been following Daniel Amerman’s writings for the past 3 or 4 years. He’s very insightful. His interpretation of fed policy I think is unique and he’s been able to predict their actions pretty well over the last two years. Financial repression is job 1, hyperinflation is unlikely but accidents happen, and asset/liability strategies like the big boys use are the only way to protect yourself. Higher taxes, and more currency controls on the way.

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  • Although the Federal Reserve didn’t exist until 1913, and fiat currency not until the 1970s, there have been government controlled national banks since 1791. I’m interested to know exactly how the First Bank and Second Bank of the United States differ from the Federal Reserve, as I often hear people say that the U.S didn’t have central banking until 1913 when the Federal Reserve was created. But isn’t a national bank controlled by the government essentially a central bank, with the only difference being that there wasn’t fiat currency?

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  • Please forgive me if you think that this discussion should be in the “Alba – Scots for Liberty” group; I’ve chosen to put this discussion in the UK group because Scotland is still part of the UK (for now), the Scottish group is for entertainment and culture whereas the UK group is for philosophy and economics, the Adam Smith Institute is based in England, and the UK group has more members than the Scottish group. The Adam Smith Institute has released a new report that discusses proposed policy of ‘adaptive sterlingization’ for Scotland. The new report is called, “Quids In: How sterlingization and free banking could help Scotland flourish”. http://www.adamsmith.org/wp-content/uploads/2014/08/ScotlandSterlingPaperPress.pdf http://www.adamsmith.org/blog/money-banking/an-independent-scotland-should-use-the-pound-without-permission-from-ruk/ Sam Bowman discusses new ASI report “Quids In” on BBC Scotland Scotland Tonight Feature on the ASI’s “Quids In” Report Also, Sam Bowman is no longer an Austrian; he’s now a Market Monetarist. To use his words from his twitter account: Utilitarian market monetarist (post)libertarian/liberal poptimist. Tweets by s8mb

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  • I’m assuming there must be some form of human value behind the dollar for it to be legitimate, and I’ve always thought inflation to be a consequence of arbitrarily increasing the money supply. But how can the Fed go about distributing that money?   Unless… Do they just get on tall buildings and make it rain in the streets?   Seriously though, what are the channels for getting newly printed money into rotation?

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  • Ran across this while trying to learn more about Hazlitt before Jeffrey’s class tonight. One of the people I respect most in today’s world talking about a departed genius, and his hero. Grant and Hazlitt are right about the world. It is just a matter of having the fortitude to listen to them and to try to profit from what is so obviously on the horizon.

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