The conversation also delved into the rise of Bitcoin, which has seen significant growth and institutional acceptance. Robinson highlighted Bitcoin's finite nature compared to traditional assets like gold and silver, predicting that both would thrive in the current economic climate. They discussed the potential for expansive government spending to further bolster these assets.
Additionally, Lutz proposed a shift from income tax to a consumption tax, a notion Robinson supported but warned could adversely affect a consumption-driven economy. They expressed concerns about the challenges of implementing such reforms and the potential burden on the American public.
The discussion further explored the economic landscape, particularly the impact of inflation on investments and the potential for credit rating downgrades in the U.S. Robinson raised alarms about a possible bubble in the cryptocurrency market, while Lutz shared his personal success with Bitcoin investments. They also touched on the implications of a Trump administration, predicting a loosening of financial regulations and the emergence of market bubbles. The conversation concluded with a bipartisan approach to cannabis legislation, emphasizing the need for regulation and public health measures over punitive actions for addiction, alongside Lutz's mention of his upcoming book and the importance of ongoing dialogue on these pressing issues.
Find Jerry here: https://followthemoney.com
Find Kerry here: https://financialsurvivalnetwork.com and here: https://inflation.cafe
