October 20, 2020 • 55 mins
John Rubino and Ian Klassen return. With America more politically divided than ever, Americans believe the 2020 Presidential election is the most important election in our history. But with regard to America’s economic future whether it is Trump or Biden who wins, it won’t make much difference. America still owns the world’s reserve currency but it also has a balance sheet liability of over $27 trillion and an off balance sheet liability to its citizens of something like $170 trillion. The only option to whoever occupies the White House will be to print trillions of dollars to meet those government obligations, which in turn will mean the purchasing power of the U.S. dollar and likely its reserve status will be gone with the wind. John will discuss the dynamics behind the dollar’s dismal future and Ian will discuss the reasons for optimism that GMV Minerals gold project in Arizona can help shareholders of that company offset some of the harmful effects of a debased U.S. dollar.
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