05.10.17 Andrew Gause and The Reall World of Money, May 10, 2017 TWO

One Radio Network

-3 CDs available for free from Andy’s company. Call and say you’re a ORN listener. -Puerto Rico is a protectorate, a division of District of Columbia. Their bonds were sold as tax free municipal bonds and guaranteed. Very popular bonds, many pension funds invested in them, but they became buried in debt through mismanagement and are now looking for a bailout. An illustration of why investment bank funds need to be separated from other banking functions, which they were until Bill Clinton repealed Glass-Steagall. -Record high stock prices, but insiders are selling stock today even in the face of a predicted tax cut. This action portends their belief that stock will be worth less in the time it takes to implement a tax cut. Not company specific, happening in all companies. -Rebecca asks: Has Andy has heard of Minesh Bhindi and his Gold And Silver For Life? Is it a scam? Andy says you want to have physical possession of gold and silver, not a certificate. -Listener comments on the ebb and flow of labor migration. Andy says expansion of workforce and legal immigration and integration into US culture is good, but not illegal entry. -Two listeners ask about Karen Hudes and her exposure of the banking cartel. Beware of those who mix some truth in with mistruth. – https://www.usaspending.gov/Pages/Default.aspx and https://beta.usaspending.gov/#/ prove there is no Social Security trust fund. Dispersal of Treasury funds – 23% for SS, 12.9% for SS disability, 15% for Medicare. 76% of US revenue is spent on debt service, 24% for everything else. Funds for SS and SS disability were borrowed first in 1967, then borrowing amplified in 1986. Large 1986 increase in SS tax was meant to build a surplus, but that 3 trillion surplus is now actually an IOU from the Treasury to SS. -Are all modern gold and silver coins ceremonial coins? Yes, they’re not legal tender. Are they a good investment? -Trump fired FBI Director James Comey yesterday. Getting rid of a snake. -Listener asks about coin counterfeiters. Andy says no chance if coin is NGC graded, which gives the buyer defense against fraud. PCGS had an issue, but they cleaned it up. If you don’t know the coin, know the dealer, buy graded coins. The real counterfeiting is going on in bullion coins. Numismatic coins are legal tender and counterfeiting is investigated by the U.S. Secret Service.