In this week's Off the Cuff podcast, Chris and John Rubino discuss:
- Economic Growth Is Dead
- Though world governments fear admitting that
- The War On Cash
- Rumors abound cash may eventually be outlawed
- Crisis Inevitability
- A crash is coming, whether we're too exhausted for it or not
- Civil Rights Are Casualty #1 Of Our Failing System
- Baltimore is just the latest flashpoint in many more to come
Here we are again. Seven years from the start of central-bank stimulus designed to rescue the economy and revive growth — and the latest GDP numbers are nearly 0%.
The money masters have failed to re-animate the corpse despite $trillions upon $trillions of free money and getting the US back to "full employment". Clearly, central planners have not delivered on their promises. And increasingly clearly, they are out of tricks to play.
John summed it up best in this week's discussion:
Government can’t say it. In a fiat currency system everything is about perception because there isn’t any underlying value or underlying intrinsic value or reality to the money. It only has value to the extent that we expect the guys managing the currency to do a good job of managing it. So, when they admit that they don't know what they’re doing anymore, they’ve run out of tools, and nothing seems to work then the fiat currencies that they’re managing instantly go down to the intrinsic value of a piece of paper.
by time2help 
