Max and Stacy discuss the lame stream financial press asking whether or not it is time for regime change for the US Dollar as reserve currency. But, as aircraft carriers and Paul Krugman’s ‘men with guns’ back the fiat currency, who would dare leave? They also discuss Moody’s rating agency threatening to downgrade US debt due to rising inequality. In the second half, Max interviews Yo Sub Kwon of Hosh.io about the latest in security threats to cryptocurrency storage, exchanges and contracts. They also discuss whether or not quantum computing really poses any remotely imminent threat.
The Credit Cycle Turns
Max and Stacy look at the ever rising amount of interest the #US is paying on its massive pile of #debt. Despite the 30-year decline in interest rates, the debt has been climbing almost exponentially faster with the latest budget deficit swelling by nearly a trillion dollars. Where does it end? In the second half, Max interviews Alasdair Macleod of GoldMoney.com about the credit cycle turning and what this means for debtor nations like the United States.
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