4.4 β’ 743 Ratings
ποΈ 11 February 2025
β±οΈ 99 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Is a global economic collapse inevitable? With Trump coming into office, many Americans are optimistic about the future of the US, and with good reason. But, there is a problem. A growing problem surrounding the US dollar that very few people are talking about or even really understand. Today we are going to explain what is going on with the US dollar, how it impacts the rest of the world and what will happen if we don't change course.
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0:00.0 | Well, hello, everyone. I'm actually back in the studio for this one, and I am thrilled about that because it is so much better just being back here in the studio with everybody. |
0:08.7 | Today, we're going to talk about a very important question, and that is, is global economic collapse on some level inevitable? |
0:16.7 | And it seems ridiculous, right? This seems ridiculous, especially for those of us sitting at the table and somebody in our audience because it's like, well, Nick, no, no, no. We actually are making really good progress. We're making good economic progress. A lot of people feel very, very confident with Trump at the helm that the United States economy is going to start going in a better direction. And I think it's going to start going a better direction as well. But the bottom line |
0:38.2 | is we didn't get to the conditions that we're currently experiencing overnight. This didn't |
0:43.2 | happen just because of the last four years. We're actually talking about economic conditions and |
0:48.2 | situations that are decades in the making. And it's not very reasonable to expect Trump to just come in and fix it all |
0:55.4 | overnight. So what we need to do today is we're going to discuss why there actually are some |
1:00.8 | pretty significant looming concerns about the global economy and how it will impact the United |
1:05.5 | States. But here's the deal. While most people are talking about things like tariffs, or they're |
1:09.8 | talking about things like tax policy or trade policy or regulatory policy, all of which are highly relevant, |
1:15.7 | highly relevant to economic discussions, not enough people truly understand the role that |
1:22.6 | monetary policy plays and specifically how the U.S. dollar impacts everything. And so that's what we're |
1:30.2 | going to do today. We're actually going to lay out the economic system and specifically the monetary |
1:34.5 | system that the entire world, not just us, the entire world has been operating it off of for decades |
1:40.5 | now. We're going to talk about some of the strengths and weaknesses of it. And we're going to |
1:44.0 | discuss what is inevitably going to happen if we don't change course. Now, the good news is |
1:51.3 | we can change course. We can change course, and maybe we have an administration. We certainly |
1:55.7 | have certain people being recommended for positions within the United States government that would |
1:59.5 | be very, very helpful in getting us on a better track. But we're not there yet. And in order for the American people |
2:06.0 | to understand what's going on and what needs to take place in order to make the proper changes, |
2:11.2 | they need to understand what we're going to be talking about today. Concepts like milkshake theory, which sounds weird, but trust me, it's relevant. |
2:21.4 | All of that and more coming up on this episode of Making the Argument. |
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