Scott Besant
👤 SpeakerAppearances Over Time
Podcast Appearances
It means someone somewhere is having a heart attack.
when people realize they aren't just losing the game, but they're losing specifically because the rules themselves have been rewritten to ensure they cannot win.
The social contract gets obliterated and people started to pop off.
Using the dollar as a weapon will inevitably come with massive systemic costs.
When you turn your currency into a sword, don't be surprised.
when the rest of the world starts building armor and weapons of their own that they will use against you.
And we have shown, left or right, we are constitutionally incapable of balancing our budget.
Every advanced economy democracy in the world has come around to this common practice.
It's just an institutional arrangement that has served the people well.
And that is to have a separation between, to not have direct elected official control over the setting of monetary policy.
And the reason is that monetary policy can be used through an election cycle to affect the economy in a way that will be politically worthwhile.
If we have sound policies, the money will flow in.
And we are bringing down our trade deficits, so automatically that should lead to more dollar strength over time.
Absolutely not.
If we have sound policies, the money will flow in.
And we are bringing down our trade deficits.
So automatically, that should lead to more dollar strength over time.
Go on the IRS website.
It's form 4547 and everyone should do it.
And it's a great way because you can also, if relatives, rather than giving a toy for a birthday, for a holiday, they can contribute to these accounts.