3/4_Gold confiscation scenario laid out by Kal Gronvall

[TheOmanJam]

I like the comment on hyperinflation. I have a new acquaintance from Zimbabwe and he says that in their recent hyperinflation it was true that you would fix the price of dinner at the restaurant before you ate it; otherwise it would be more expensive later!

[kensho3]

Kal didn't want to say "Dyke". :-) "water-bearing wall". He's embarrassed.

[TheOmanJam]

Actually, it was Chris Waltzek the presenter who said "water bearing wall" and it is quite amusing! He took a lof of effort not to say "Dyke" didn't he?

I am just ebvious of the guy's hair! I was already nearly bald at his age!

He's a good interviewer with a very easy, friendly style and always seems to get the right balance to fit with each of his guests.

[He101A]

Depressions are inherently deflationary. The total debt of the U.S. is more than $100 trillion, yet the money that was printed is about $13-$15 trillion. The debt is only increasing with compounding interest at a daily rate. More money must be printed to pay off these debts, or THE WHOLE ECONOMY WILL SHUT DOWN!