The Gold Exchange Podcast

In a prior episode, John Flaherty and CEO Keith Weiner discussed the intricacies of inflation, its definition, and the monetary and nonmonetary forces at play. This time, they go a little deeper.

There's been a lot of talk of inflation lately, with predictions in the media running from one extreme to the other. Most folks define inflation simply as "rising prices." But as John Flaherty and CEO Keith Weiner discuss in this week's episode, it's just not that simple. There are a number of intricacies to be aware of if you want to understand what's really going on.

Our prior episode on "money printing" veered into fractional reserve banking at a few points, so this week John Flaherty and Monetary Metals CEO Keith Weiner dive into that topic.

The phrase "money printing" conjures images of a giant printing press spitting out sheets of hundred dollar bills somewhere in the basement of the Fed. But is that what's *actually* happening lately? Absolutely not. Join John Flaherty and Monetary Metals CEO Keith Weiner for a conversation that will likely make you say "WOW!" or "Whaaat?" or maybe even "Oh, NOW I get it..."

Most people think in terms of purchasing power: how much can one’s cash buy? In this week's episode, CEO Keith Weiner & John Flaherty discuss an alternate perspective. Instead of spending your capital, what if you invested it to earn a return? What can that return buy?

Is there common ground the among proponents of gold and bitcoin? John Flaherty and CEO Keith Weiner take on that question in this episode.

This week's episode is the result of many questions submitted by listeners. Such as: Should I invest in silver or gold? What are the main things I need to consider? Can you help me understand what the Fed is doing? Does it make sense to borrow in order to invest in precious metals?

Our current financial environment with massive, growing debt and an irredeemable currency has many investors asking if that debt can ever be paid off. Is it even possible to close this chapter and move on to an honest monetary system?

In episode 6, we introduced the distinction between money and fiat currency, discussing what gives the dollar – or any fiat currency – its value. Now, we continue that conversation discussing additional characteristics of money, and illustrate how a false definition of money can lead to a corrupt state that wields blank checks.

Once upon a time, gold bonds were the norm. They effectively financed productive enterprise & generated income for bondholders - until 1933. And although it has taken 87 years, the gold bond market is reemerging.

Despite what Google Images serves up, money and currency are not the same thing. This view differs from that of mainstream economists, and this episode illustrates how those mainstream misconceptions might materialize to everyday folks. So what is it today that gives the dollar - or any fiat currency - its value? And how do we plan for the possibility that its value could change significantly?

The problem with GDP is that government consumption of private capital is positive. And with the government gradually taking over all aspects of the economy, even a small cut in spending can send workers to the unemployment line and shutter businesses.

Economics has been called the dismal science. It doesn't seem to have the same respect as other fields of "real" scientific study. Why is that? John Flaherty & Keith Weiner discuss a number of reasons.

"Seems like things are getting back to normal." Not exactly. Folks with that view are not looking very closely. But we are. 

After successfully selling his software company in August 2008, Keith Weiner pivoted to the study of economics in an effort to protect his assets. At first, his studies brought enlightenment about our monetary system. Then came the radical idea.

How did a software dropout go on to become a successful entrepreneur...and eventually earn a PhD in economics?