04 - Dan Denning - Sound Money

Welcome to the fourth episode of the Bonner Private Research Podcast. I'm joined by Dan Denning, coauthor of The Bonner-Denning Letter with over 18 years in the financial publishing industry and frequent guest on this show. When it comes to the lessons of history, Dan reckons our present day economic and political landscape bears significant (and worrying) resemblances to those of pre-revolution France and Cultural Revolution China. In this episode we discuss the role of the Fed and the issue with money supply. We also examine why the deterioration in civil society is related to the deterioration in the soundness of the money. Are we living in a bubble? 00:50 - Where goes sound money, so too goes civil society 05:19 - Some arguments for and against money printing 10:20 - Introducing Dan Denning 13:30 - Are we living in a bubble? 17:01 - The role of the Fed and the issue with money supply 22:42 - The problem with deflation 24:30 - China and the Era of Cheap energy - The REAL reason for lower prices 25:06 - The value of money 29:26 - The one metal that has shot up ~300% in two years 32:10 - Why the deterioration in civil society is related to the deterioration in the soundness of the money 32:37 - Why 2020 America is 1968 China plus 1783 France 33:28 - COVID as a useful tool for the state