Gold, Silver, or Crypto: Navigating Quantitative Easing with Economist John Adams
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My dad works in B2B mar keting. He came by my school for career day and said he was a big row as men. Then he told everyone how much he loved calculating his return on ad. My friends still laugh at me.

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Here's Robert kci news, the news money. And today, with a very important show. You know, the title is actually QE infinity. That was one of all this printing stop, but really is a discussion which is Better goal solver or critical. That's a discussion.

And we have a very important guess today is john Adams is a chief economist for one of my favorite countries in the world as O. I. S.

And i've been going to all this nineteen seventy six, well, I went there to play a rugby and my favorite sport and needs to say we lost every game. But he was a good, very good supports about IT. But anyway, uh, welcome to the program should thank you.

rob, for having me.

Thank you. Thank you. Thank you. So your topic is QE to infinity. And then you said that, no, turning back now. I I totally agree with you, but I want to break that down to goals over or what kind of person do a crypto. So we have a some kind of a solution and you can't endorse any of IT that's fine. But um I I love goals over an crept because I have an enemy and we have an enemy and commas called the federal reserve bank of amErica which is printing and I like what you said about this no, turning back. So before we begin, could you give us your background and what you do today?

So i'm so in in to do today so i'm I am an conomo here riga. Uh, my may need to channel is as a channel de in the neither rest of the people that I have always on my yg um with one of my partners modern north I am the cheap economist for a company in the service service code is good australia away service is largest bullion dealers is hoping um at the times while background of head first background from working federal parliament um uh working as an number was to a federal senate being a bureaucratic variables of government at working for a big for a capital film uh and to the management consulting and yeah i've been a lot for a number of mainstream media organza in australia economics, but Carrying politics in the whole bunch of other public .

policy areas as so um why first about what's going on in aussie because you know I said that's pretty they had I had officers and five capital cities and I love adele, love the hills. And but what is happening in the economy? Because I hear your real states in a bubble and something like that. So what's what what's the micro o of aussie?

sure. So so um in terms of what i've been saying for the last probably five uses, we have the biggest step bubble in australian history. At the same time we go the biggest bubble in the history to the world.

Anytime I do any interviews with with the people from the other says, I like to say the people that in in the context of the house that bubble and and the little set possible that americans had before the global financial crisis, if he thought that was extreme, uh, you prety much have to say anything. Big, big, extreme. Um if you look at the australian trex, we are more extremement terms of real time process of income.

And so yeah like into of income, but also housel household relative income. But we are very much more extreme levels than the in on the states. Uh, but my revise position is, is that we actually happen now three day up, three death books, federal government here, australia, state governments and territory governments right up, and president and of date to basically save the other two bubbles.

We had the biggest free school in mark singing package in australian history. And the reason why they will force to do so is because without that stimulus, we would see record amount of delicate sees in the false terms movies es, and we would have had a financial crisis um similar to what, for example, sites in and will through in two thousand and seven, two thousand eight. So in order to avoid that outcome, uh can't luck what you said in terms of opening he showed of central x continue to prince while we had the biggest money inter capac australian history coupled with the biggest couple.

Uh government um and you will not say government that in the strange context, if you look from the light only not seen all the way through to the projected twenty four were talking nine hundred and seven five million dollars over five and two years and and there's no plan to pay back the dead, there's no plan to baLance budget and basically would run two generators of australians in order to the financial system um and and and you know the same econic is in A A very die prediction. And and the other thing I would say is in terms of how you open up the show about a previous comments on IT, on other interviews about we can turn back well uh particularly in the strange context if we ever thought to Normalize policy, what that's gonna in is is that um I mean we're gonna ther， we're going to have high interest in cost. Um and for lot of a households that are drawn in, did they can not meet those repaint.

And that then lead to the Harry dent scena of a deflation depression. So the mentality having worked in federal parliament and having worked in the main istory media in australia, the mentality among the elite is that a deflation depression is the worst act of all and we must about the role cost and and and and and so that's why they continue to printing and spend and because of that, that's why I came up with a forest or not just a forecast but but a statement that we are saying the beginning of stagnation here australia um and h in in the big twenty twenty one I said that with the election of a joe button and the one point on twenty similar package possible congress and now two three hundred dollars on infrastructure. I think this stack flag process is going to accelerate.

So you know because I I first one to other in one hundred and seventy six, and you guys had the same problem then, as always, just like to spend money to travel a lot, have a good life here. And their personal debt was high. And then the the aussie real set Prices, I mean, is a great place to live by.

I bought two properties and all they, one in a, one in was a place king's cross and one in rush cutters bay. And I made a lot of money because the inflation was going high as quite kite, but I don't think they ever stopped borrowing money. And so the reason I want to interview today is because serious me are there might be the canary in the coal mine.

I mean, what's going because as economy and population smaller, but is very similar to amErica very, very summer. So you're saying as a personal debt bubble, there is a real estate debt bubble the same as the U. S. And now you have .

a nationwide .

dead bubble, right?

Yes yes. I I mean one one of the point of microbot is is that um when you look at the um the the um if you look at the debt profile of american households before the G F C, A lot of poor people got on to the little state bubble and when they when they couldn't actually afford to be in the little state market um you know the big difference between amErica and australia is the bull cold the household did is actually with high income people as a person of income people and some some austral computators have said, well um you this no comparison betwen um australia in the north side because um uh people who who can service the mortgages actually have the book of the date.

Now the problem that argument is that now that profile is is is is very similar to what happened in island. So middle income to find some uh people on before the globe h crosses had the bull of the dit uh and then and then when the G F C uh crash uh when the G F C ocurred the r economy went from before. So while we have a date different distribution coming to amErica with the amErica island, australia, um we are in a situation that we can never that we can never return to.

And and and the other thing I will say is that because you talk to be the one thousand and seven, so we did have obviously sand flake both in america, australia in the one thousand nine hundred and seventies. But if you look at personal debt levels, yeah I think so. The last time we had a house on then bubble in the was actually in eighties and we had a depression in eighty ninety two, which was actually worth forest stra compared to the great depression um and are dead levels for households substantially higher than um where we were in the eight eight these other proportional basis.

Well one more question because not what of my really favorite countries and new zealand in the great all black, how is the new zealand economy compared to ireland and to aussie?

Yes so yes um that they probably do have a version situation where they do have um elevated levels of house did um and they do have high house Price ah but I would say that this situation is not when you as extreme as uh where we are here, australia. So yes so do have a problem. So but is is is IT as and and a lot .

of americans are running to new zealand into hide. Have you heard that?

Yes yes I look I an over the last few years on a range of stories of americans losing confidence in the american government and the american legal system in the new economy and and the whole large of americans want to escape. So new zea is definite, one of those locations where a lot of americans have flying to, but but they are the interesting thing I should say, robot, is that I ve also heard a lot of americans going down to uh, south amErica in chili. And no, that you go down to the south part of chilling, you find a few experts being, uh, I am the developing and the growing and and that could be potentially another way americans may find refuge.

So what you you know, like, i'm i'm not kid of you. I love, love. I just really, really do. Would you suggest americans run there?

Um uh well and I think is like so so probably I would say is that there are some advantages, I think living in australia, paige being not this but but also I think there are some, there are definite, there are some um so so yes so I do would say that the cost of living situation here, australia is perhaps more pronounce um then then what what is is amErica but on the other hand, a well, I think we have some corruption in here and I don't think there anyway as closes to what .

the emergent yeah for those who men not know, australia really is like the promise land to me is you have great medal called everything is great as long as you don't make your money there because you government wants to take IT all the .

time yeah yeah think yeah and then that that's probably another thing I would point out. A tax rates are much high the way the k so you really economists .

for good as gold australia. What is good as gold australia do?

Yes, good australia. So we buy back in business since two thousand and twelve where we really this should so we basic um um we provide to the market uh goals of the planet um in a whole host of returned nominations.

We do stories, we do insurance um and yeah so I mean particularly um as we continue to see money printing seal back to back around control um I mean the owners of the business thought that I was time to help more australians uh and we will have a growing international climbs as well. Hope more people escape of the encounter stem and get to go so well. Obviously, I listen to you on multiple people around. And if you start.

I started buying solver n sixty four when I was seventeen because of ashes law. Grashof law says when bad money enters the system, good money goes into hiding. So when I was seventeen and one hundred and sixty four, they started, uh, the basing our dimes and quarters and a half dollars.

So I was a copper ten around that. No, no, I think. But the questions law does apply because immediately entrust my dime quarters and half dollars and I saw I going to the bank in turning and dollars, paper dollars, and getting rolls of dams, quarters and half dollars.

And I pull out the rail server, and I put the copper, copper, silver back in there. And then I go back to the bank and kept trading. The trouble was out that I went to school in new york at seventeen eighteen, and my mother spent my money. So h that's .

a .

kind of made my point, that poor people don't know good money from bad money. That's the biggest problem. My mom and dad, a no idea while, is running back and force to the bank as a kid, high school kid, turning and fake paper money, getting roles of dimes, quarters and half dollars, and pulling out the real silver.

And friday again, and my mothers, is what I spent the while. You're in school ongoing. And I think we're talking about why that so many poor people, I don't know, good money from fake money.

And I could have one more question is I excited about here in america, you know you have the purse ment and we've heard that there's a shortage of solver. And perth, I don't know that. Sure not.

But when you will come back, that's what I want to talk you about because the real subject here is really is QE infinity. I don't think the banks can turn back. They have to get printing.

And the question is, what are you going to do? Goals over or crypt al a bitcoin or a theory. So that's kind of by discussion today because we've got to know good money from fake money will be right.

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Walking back river because I could stay radio show the good news and bad news about money. And today our guest is john. Atoms is an economist for god s called australia, my favorite countries in the world.

In if I was gonna run, i'd run to australia because it's IT is happen. IT is fantastic place to live except you don't want to make your money there and and we will be discussing his topic is QE infinite. Other words, when they stop printing, I don't think so. And that question next question goes, where do you go then go over or crypt al bit coin or theory and or whatever I got today.

If you think in the in the classical australian school that I look only one reason a about um what is inflation. Inflation is the expansion of the money supply. So to have deflation, what that means is the money supply on a shrink. And the only one in the current critics that that's gonna en is that is that the dead is going to shrink. And how you gona shrink the dead, you have to have a series of default. Now every time we've had a point of crosses since two thousand eight, the central banks in the national governments around the world continue to printing spend to stop the debbil from exploding um and h and so far that has been successful so what do you think about the foreign debt crosses of two thousand and twelve or example the crosses in york in twenty, twenty or twenty twenty twenty or even if you look at the end of twenty twenty in terms of how the bottom market particular not you know says but the spread to australia a japan in germany every time this this um uh some sort of systemic risk come into before they try to print spending problem liquidity so that you don't have that sort of situation from occuring. We're gonna more over an inflationary situation moving before compared to interview deflation and know what we want to get into this content and go over in crip to.

But but what I would say your orders is portfolio allocation is change is very dramatically compared to if you believe so, if you believe deflation coming, your portfolio allocation will be domain ally different compared if you believe is that would have some sort of relaxing upon um and and you before investors start to think about what what do I what whether have elected on capital um you you really have to get the matter cut your right um obvious ly economy for more than twenty years um but that I know a lot of people who we could do believe in the the factory scary. There are some who who believe the inflections in scary. So so I think that invests need to really get the head around well, what have the central banks in the governments been doing since two thousand eight? And we see, uh, any prospect of any changes moving for.

So let me give you a chance. Promote, uh, good as gold australia. You know, you say you sell to people outside. Why would an american? I mean, the real reason I would go to australia behind your head, sydney harbor, I mean, that is the most beautiful place.

You know, if if that's gna be a crash, i'm gonna go there and buy in village because that places is so gorgeous. So um why would an american buy goal from good as gold? australia?

Well I don't think is well I mean the the united states has a history of gold centralization so some people call the conversation what if the I did in mind thirty thirty four um and always seen when you look at L B J E had a problem with in terms of the demonstration of soba so um so so yeah so the the american government has a history of um you are doing advising to american citizens with its taking people's go away, nationalization, making the ownership and go illegal um or doing things with soba um we haven't had that sort of history um here australia so so I do think that when you look at the kind of property rights and and your ability to protect your wealth um from a legal point of view, I think less legal and risk in australia compared to uh the other states.

So for those of you looking at john Adams behind this, behind the said as a picture, said the harbor and that leads out to the upper house and you know um if there's a crash i'm coming, I don't know the perth ment is your competitor. What is the rumor about them not having enough solar?

The short so yeah so now one thing I will say is, is that we are actually improved distributor for the so we have a number resources. Will we uh h obtained product gone sober and the perth minute um that that is one of them.

So in the context of the partment, i'm been on a bit of a campaign starting largely about what I call sthetic go on server and and they sort of products are things like unallocated pull allocated accounts um and you look I look I problem could spend the next hour will be telling telling you about what's up with perth. But we started to hear a range of stories of people not being able to buy so far. We also heard stories of um how sellers being able to buy a large amount of so way is IT as good to street.

We ve got told we cannot place any order um because they were running short of sofa. Uh but but but i've had numerous people who have said, well, I have one small products if you've got thousand and bars, i'll take the bus and sometimes people have been able to get them. In local cases, they have not um and it's been .

in an account and yeah so so so so .

yeah so so in the american context, if you buy sofa um or gold and you have IT someone, so you buy the physical and someone holds for you in the american context that's called uh allocated um uh allocated and segregated or here australia is called allocated now um on in the contact of the person unallocated is um so so typically you don't are in soa but you on a promising note but what you have but in the promised in note, you buy an interest in the working capital of the perth MIT.

So the the obvious ly the perth ment has a has exchange of sva that is on hand um as part of the manufacture process and and the basis say that you buy a share of that um that pool um and so in that context um if if the Price of the show was to move or you you can also enjoy that Price exposure by getting a cash distance at the prevAiling about the Price。 Or the other hand is if you want to convert from unallocated into allocated when you pay a publication free and then now take that all of and then to build that into a bug that you really, really will learn. So that's what they call unallocated.

Now I was in so it's not the contract. It's it's really you have an I O U to take delivery. But exactly, don't know exactly. So this is so I am clamb talking here because as good as gold and australia as an insider, you know, yes, I I love silver. You know, people send me on fox television in amErica all the time thing I love solver. And so the question I have for you, for the average punter out there, which is a Better by today, goals over or crypto um well .

in terms of my portfolio, uh look up so I don't own encrypt .

o in terms why you.

是 不好意思 well okay so so so so uh probably three key reasons。 The the first is, is that um we have a long we have a few thousand year history with golden soba, and we have been around for ten years, all about ten to twenty five years. So we don't know if we had a really systemic financial crisis or what's going to have to happen to create their currency.

We don't really know. So so I think that there is a lot of risk, a lot of mark, a risk that a lot of people in the sector haven't don't really understand because we have never gone through that situation before. That point one point two years that the big the number one reason why people are buying tripped the currencies is because it's scaling up. But but you know, one thing I want to do when I L ate capital is I have to get a very big technical understanding of what I mention doing.

And and and for example, robot, if you gave me the code for big cover diverses a light onic sector um I mean now i'm an economist but i'm not no criminologist so I can tell you at a technical level what do these codes actually do and what are the differences um and of the risk a one of the opportunities and and I would say ninety nine point ninety percent of um trip to investors are not create logic and they cannot they do not understand these underline computer codes what they actually do and the other reason why the violence because the process is going out and and if you if you don't actually understand at the technical level what these codes do, we don't I understand the risks and so that point two now point three is so the funny thing is I did a seminar and early last week is going to go australia and in the Q A I actually had a question about crypto o and I see are the audience um and there was A A Better hundred forty people in the audience and I said. Well uh how many people he do not appropriate currently and about half the audience put the hand up, and I said, um how many of you actually understand that in one thousand and ninety six, the national security agency in the government state rode a White pack of the M. I, T. About group of courses, and only one put, only one person put his hand up and and so the root question I have is, well, he was to told you that mode I am because like I did say, he could all be the american government is behind the whole critical currency phenomenon. Now i've got some different different of what that is but um uh a lot of people again haven't looked into the history of the critic card this they don't know that the inner sea world what check about this and and and again, I think there's much more to the critical story than than what um the average miracle, the average of fully will.

And we come back we'll be finishing up with a final word on goals over crypto and what's happening with china in new zealand will be right back. Thanks, john.

My dad works in B2B mar keting. He came by my school for career day and said he was a big row as man. Then he told everyone how much you love calculating his return on ad spend. My friends still laugh me to this day.

Not everyone gets B2Be, but with linked in, you'll be able to reach people who do get a hundred dollar credit on your next ad campaign. Go to linked in that com slash results to claim your credit that's link to slash result terms and conditions apply linked in the place .

to be to be I I agree I agree a hundred percent but I you know I much trader in crap down. I'm not an investor .

drop two .

thousand thousand coin I got back in so still i'm in the money quite a bit right now. And I I know I can go go to zero also. So i'm well aware that or as gold and gold on soar, god's money so I have a lots of gold and sofa.

I don't find one quick question. Or are they your economy is really dependent upon chinese because your your your resource company, you exported to china house. How many chinese are moving in to oz? And how is your relationship with china? Yes.

we've had a lot of people from china. Uh, well, we have a lot of people from from the southeast asia, china, india come to because they come to university education here australia um so in that process having last twenty years and and a lot of students when they graduate, they saw to stay here started as to go back to china or in your aware of the case may be so so so we do have a significant asian population and here australia, and here australia, everything's going well. I think from a social relation.

how can people get in touch with?

Yes, so so yeah so so I mean, in terms of myself, I have so I look at economics, I actually have a lot and economic people can look up as good as going to start. We have a website, we have a youtube channel um and again, thing is looking feel free to reach up to make us or look up to the company. And if you looking for goals, we'll definitely have to help.

Yes, john, thank you. Thank you very much. You live in god's country, except for your time. Thank much. Thank you. Thank you.

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