Is Our Money Broken?

from #AncientTexan · host #AncientTexan

Our money is unraveling.   Congress spends money we don't have, and the Fed prints money in the trillions.  Countries are starting to lose confidence in our ability to support a financial system with an unsound money supply.  And we are accelerating the process of de-dollarization by kicking countries like Russia, Iran, Venezuela, and others out of the system.  We want to kick China out, but they hold a trillion dollars of our Treasury Bills. Will this turn out to be a good story instead of a tragedy?

Episode metadata supplied by the publisher feed · Published Nov 13, 2022

What this episode covers

Our money is unraveling. Congress spends money we don't have, and the Fed prints money in the trillions. Countries are starting to lose confidence in our ability to support a financial system with an unsound money supply. And we are accelerating the process of de-dollarization by kicking countries like Russia, Iran, Venezuela, and others out of the system. We want to kick China out, but they hold a trillion dollars of our Treasury Bills. Will this turn out to be a good story instead of a tragedy?

PodParley-generated summary based on available episode metadata and transcript content.