Jason Purcell: De-Dollarization and CBDC (1/2)
The Propaganda Report
Brad Binkley
4.6 • 916 Ratings
🗓️ 29 November 2023
⏱️ 71 minutes
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| 0:00.0 | You're going to be. Oh, This is Monica Perez and joining us today a returning guest our resident math nerd and financial guru |
| 0:33.0 | Jason Purcell. |
| 0:34.5 | You've heard his beginning of dollarization, |
| 0:37.6 | basically the history of money in a nutshell. |
| 0:40.6 | And but I have been waiting all this time to get to the here and now and to see what this guy who really does his homework |
| 0:47.2 | thinks about where we are and kind of how soon CBDC is coming if it's overhipped. I mean I just want to know what he thinks. |
| 0:56.4 | So Jason, thanks for being back. |
| 0:59.1 | Hey, how's it going? Good. Uh, so I kind of want to hit the punchline first. So we ended off like we did |
| 1:07.8 | Breton Woods, we were in the 70s, and I don't want to let another episode go by without figuring out exactly the answer to my biggest question, which is what's going on right now. |
| 1:21.0 | And a lot, there's a lot of hype, people are scared, scared they're like I don't want anything to do with money I'm converting everything to gold or to dry fish or whatever so so lay it on me. |
| 1:32.0 | Well you know first of all, since you mentioned the yellow metal, gold is not a bad investment. |
| 1:38.0 | You know, I would say 5 to 10% of your portfolio should be in gold and it's not a matter of like when I think about the |
| 1:45.0 | gold section of my portfolio I'm not thinking about oh I really want gold to go to |
| 1:50.2 | 35,000 dollars so that I can make a lot of money off of it. |
| 1:53.2 | Right? |
| 1:53.8 | I don't really intend to ever get rid of my gold. |
| 1:56.2 | What gold is is catastrophe insurance. |
| 1:58.9 | You see it go up when 1971, when there's no longer an anchor to the money supply gold goes up a lot you see |
| 2:06.3 | it go up in the you see it go up in the commodity bull market of 2008, up at 2012. |
| 2:14.5 | You got a lot of money printing by the central banks. |
| 2:16.6 | They're trying to basically inflate their way |
| 2:18.6 | out of the great financial crisis. |
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