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Breaking the Dollar is a podcast that uses fascinating stories and real-life examples to reveal valuable insights about gold and silver, investing, financial markets, bullion coins, and trends in our monetary system. Precious metals expert Everett Millman shares his unique perspective from nearly a decade of first-hand experience working in the industry. Money is an ever-present part of our lives, but its ubiquity doesn’t make it any easier to understand! There are many fundamental questions ...
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show series
 
The news media has been covering the story that the wholesale store Costco has been selling one-ounce gold bars. Although it's obviously a strange story, these news articles have missed some of the major points about the story. In this episode, Everett recaps what's going on with the Costco gold bars and sets the record straight about what everyone…
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What exactly is a CBDC? In this episode Everett breaks down the emerging technology of central bank digital currencies. He discusses the latest developments in the space, how CBDCs work, and -- most importantly -- the conversations that the public needs to have in order to best manage the cool benefits and grave risks of government-issued digital c…
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This episode marks the triumphant return of Breaking the Dollar after a long hiatus. Host Everett Millman recaps the many developments in his career since the podcast last aired. He also gives a firsthand account of what has been going on in the gold and silver bullion market over the past few years to provide insight into how the industry has dram…
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In this episode of Breaking the Dollar, Everett examines a fascinating historical anecdote about Mansa Musa, the king of the Mali Empire in West Africa during the late-13th and early-14th centuries. Was he really the richest man of his time? How much gold did Musa have? The story also brings up interesting points about the economics of gold as mone…
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A lot of outlandish frauds and comical ethical conundrums have been cropping up in the financial markets of late. Perhaps more concerning, this type of behavior on Wall St is becoming normalized -- especially with everyone distracted by covid-19. In this two-part episode, Everett walks through several of the most prominent cases of companies "gone …
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One of the unexpected side effects of the coronavirus pandemic has been a lack of coins circulating around the economy. Pocket change is at a premium as many businesses remain closed and the United States Mint operates at limited capacity. This development lends itself to a related discussion: the long-overdue elimination of the one-cent coin, whic…
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For a decade, treasure hunters have been scouring the Rocky Mountains to find a chest full of gold and gemstones hidden there by an art dealer named Forrest Fenn. The treasure was finally discovered last month -- but only after many years of controversy. Find out more about the backstory of Fenn's treasure and why it stirred so much dissension in t…
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A prominent European hedge fund manager recently predicted that governments will soon seize their citizens' privately held gold in order to stave off a financial collapse. Is gold confiscation really going to happen again, like it did in 1933? Everett confronts this ever-present bogeyman and what it can teach us about the nature of how the governme…
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Why on earth did the WTI crude oil contract price go deeply negative for one day in April? What does a negative oil price even mean? In this podcast episode, Everett explains what unusual dynamics in financial markets caused futures prices to trade in negative territory. He also provides some context about the tug-of-war between Russia, Saudi Arabi…
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What is the repo market? In this episode of Breaking the Dollar, host Everett Millman explains how and why the Federal Reserve was forced to intervene in the repo market, a part of the financial system's interbank funding markets. He connects the Fed's repo operations to the broader notion that central banks will increasingly attempt to accommodate…
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The story of the Hunt brothers and their attempt to corner the global silver market is an oft-cited story in the precious metals community. Everett leads the audience through the high points of this fascinating story. Along the way, he explains what it means to "corner" a market in the first place, and he shows why the Hunts ultimately were unsucce…
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This week's podcast reviews some of the most infamous and memorable gold heists in recent history, such as the Brinks Mat operation in London (1983) and the mythology surrounding Yamashita's Gold following World War II. Host Everett Millman uses these astonishing events to illustrate some of the persistent problems with transparency and liability i…
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As of the end of August, the price of gold had surged 30% so far in 2019. What the heck is going on? This episode of Breaking the Dollar ties together several of the most important factors that have been driving the gold price higher this year: fear and uncertainty over the trade war; a slowdown of the global economy; extreme measures taken by cent…
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This episode of Breaking the Dollar looks back at the history of gold rushes, paying particular attention to the wave of gold rush events in the 19th century. In addition to increasing the wealth available to nations, host Everett Millman connects these gold prospecting frenzies to profound transformative changes in demography, immigration, and urb…
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This episode introduces the story of the 1933 gold double eagle, a $20 gold coin that has attained legendary status. Host Everett Millman explains the origins of the coin's famous design by Augustus Saint-Gaudens, the circumstances that led to the 1933-dated coin becoming a major rarity, as well as some fascinating stories involving the coin along …
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This week's episode of Breaking the Dollar challenges the notion that the mainstream media for financial news serves as an objective source of information. All of the well-known drawbacks of the broader mass news media apply to the world of finance: persuasion, propaganda, political agendas, corporate ownership, and so on. Everett uses critical thi…
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A return of significant volatility to markets over the past several trading sessions prompted this episode's topic: the ubiquitous trade war between the United States and China. Everett walks listeners through the basics about the economic conflict, explaining how the trade war is being fought (tariffs) and what it may cause (global recession). The…
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Why did the gold standard "fail" in the middle of the 20th century? In this podcast episode, Everett walks through some of the factors that caused governments around the world to abandon the gold standard. He ultimately connects the demise of tying money directly to gold to part of the larger trend of ever-expanding government control and concentra…
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In this episode, Everett traces the history and origins of the central bank of the United States, the Federal Reserve. He explains how the Fed came to be, what roles it is supposed to serve, and why there are important criticisms of the Fed worth considering. The discussion also covers some general concepts about central banks and monetary policy.…
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As the name implies, shadow banking is a part of the financial system that is often hidden from view. Although shadow banking serves a purpose, it also poses major systemic risks. This episode wrestles with the concept of non-bank lending and delineates why this sector has grown so large. Host Everett Millman also points out some of the unintended …
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During the last financial crisis, one of the main culprits of the panic was a type of financial product known as a collateralized debt obligation, or CDO. Today the market for a similar product, CLOs, is once again growing at a rapid pace. This episode explores what CLOs are, how they deal with risk, and why it is alarming that these loan bundles a…
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This is Breaking The Dollar the podcast that dismantles some of the biggest misconceptions about money. Presented by Gainesville Coins. Hello and welcome back to Breaking The Dollar. I'm your host Everett Millman and on today's episode we will be discussing asset bubbles, how they happen, what are they, where they come from, and some of the signs y…
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In this episode, Everett discuss what makes gold valuable. For thousands of years, gold has functioned as a store of wealth that sees its value climb in times of economic or societal unrest. Listen in as he covers the many different factors that affect gold's value including jewelry, supply/demand, its chemical makeup, the gold standard, the US Gov…
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There is quite a bit of buzz in the media about Bitcoin. More and more people are interested in finding out what Bitcoin is and how cryptocurrencies work. Will it someday replace the U.S. dollar? Everett gives some background about the Bitcoin vs. gold debate and evaluates whether or not Bitcoin is "digital gold" or "gold 2.0" yet.…
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Facebook recently announced that it will launch its own cryptocurrency called Libra in 2020. Join host Everett Millman as he breaks down the possible implications for the financial system and how a Libra stablecoin compares to existing government-issued currencies. He also details why the broader cryptocurrency market is likely to reject Libra due …
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