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President Trump recently ordered the U.S. Mint to stop producing pennies. This may not seem like a big deal in the big scheme of things, but as Mike Maharrey explains in this episode of the Money Metals' Midweek Memo podcast, the demise of the 1-cent coin is indicative of a much bigger problem. The government is destroying all of your money. And not just the penny. Starting with the January CPI report and the sudden revelation that price inflation isn't dead, Mike explains exactly what the government and the central bank are doing to your money. |
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What in the world is the government doing to your money??
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Gold has been selling off with increasing worries that price inflation isn’t quite under control and the Federal Reserve might have to slow the pace of monetary easing.
Is this a mistake? Or should we follow the crowd?
Money Metals’ Midweek Memo host Mike Maharrey thinks it is, and in this episode, he explains why. He also talks about a fundamental economic principle that we all need to reckon with – scarcity.
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He also covers the recent correction in gold and silver prices and explains why it was a bit of an overreaction.
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Washington D.C. has a problem!
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