Turning Hard Times Into Good Times

John Rubino and Michael Oliver return as our guests this week. Nicholas Rodway, the CEO of Core Assets Corp., visits for the first time. After 1971 when President Nixon detached gold from the global monetary system, the U.S. dollar became the uncontested world’s reserve currency. The U.S. has abused that privilege by using its dishonest source of funding to expand its empire. In the process, America consumed more than it produced running up huge amounts of debt both to its own citizens and to foreigners. That has greatly injured America’s productive capacity leaving it now vulnerable to would be predators like Russia and China. While the U.S. uses its military to project power, it seems to ignore its financial vulnerability. But recognizing that the U.S. produces little of what the rest of the world needs, Russia with China’s backing chose to play financial hardball with the West when it began to demand from Europe payment for its life-sustaining natural gas in the form of gold or Russian Rubles. While