Econintersect: Author and talk radio host Lowell Ponte was interviewed by Merlin Rothfield and John O’Donnell on Power Trading Radio on Friday, 16 August 2013. The discussion ranged over many factors that Ponte sees eroding the financial stability of the U.S. and the global economy.
Some of the statements made by Ponte can be viewed after the Read more >> jump, along with the video of the interview.
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Here are some of the statements by Ponte which can be considered in context by watching the interview video:
- Inflation is caused by governments printing specific amounts of new dollars in excess of economic growth.
- We have asset inflation resulting from monetary policy.
- We have an artificial economy based on illusion resulting from the Fed and the government conjuring more than $6.5 trillion out of thin air.
- The government twisted the arms of the banks to lend to people who could not repay.
- Stimulus made the recovery worse except, of course, for the bankers.
- America’s number one export is inflation – selling U.S. Treasuries to foreign entities that will be redeemed by inflated dollars at maturity.
- Keynesian stimulus is ineffective in advanced economies because the economy discounts the increased mony instantly.
- Government spending is like a drug, like cocaine.
Books by Lowell Ponte:
- The Great Debasement: The 100-Year Dying of the Dollar and How to Get America’s Money Back by Craig R. Smith and Lowell Ponte (Nov 1, 2012)
- The Inflation Deception: Six Ways Government Tricks Us…and Seven Ways to Stop It! by Craig R. Smith and Lowell Ponte (Jun 21, 2011)
- Crashing the Dollar: How to Survive a Global Currency Collapse by Craig R. Smith, Lowell Ponte and Pat Boone (Oct 22, 2010)
