Keiser Report – Summer Solutions: Money printer goes brrr, so does the mainstream (E1585)
In this episode of Keiser Report’s annual Summer Solutions series, Max and Stacy chat to Nathaniel Whittemore, host of the Breakdown Podcast, about the ‘money printer goes brrr’ meme jumping from the online bitcoin community to mainstream conversations. This is causing people to ask big questions and these questions will, in turn, ultimately force major changes. One of the issues driving these big questions is the rise of the cantillionaire class. As the Fed’s only tool to intervene in the economy is via interest rates and liquidity injections, they have backstopped the markets – but the ordinary citizen is more and more removed from this largesse, as the inflation has made it more difficult to participate in the means of getting ahead. The bargain that has been struck over the past few decades is a terrible deal: the Fed says, “Our money printing actions will make everything (homes, cars, education, etc) more expensive for you than it was for your parents. BUT, the bargain is we will give you ever-cheaper credit to buy these things.” The one positive from this is that we may be moving beyond the old political right and left and instead starting to look at structural causes of inequality, like monetary policy. Finally, the trio talk about the role of the US dollar geo-strategically, and whether or not the current structure even benefits US interests.
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