Interview op’ with Jack Hanney (in Eastern Time) by Skype, Zoom or Phone
Topic: Joe Biden and Democrats are on an unprecedented spending spree. After passing a whopping $1.9 Trillion Covid Relief bill into law, the Bidenomics team has proposed an additional $1.7 Trillion in new federal spending on Clean Energy initiatives and ‘infrastructure.’ On top of that, a former Biden Aide revealed that Joe Biden may propose an additional $1 Trillion tax increase. If so, that comes to $4.6 Trillion dollars.
To put this into perspective, it took from the founding of our county in the late 1700s until the year 2020 for the United States for our M1 to get to $4 trillion dollars. Then it took about one year for the M1 to go from $4 Trillion to $18 Trillion. And before the ink is fully dry on this runaway spending.
How long can spending like this last before we suffer its painful consequences including potential runaway inflation? Here to answer that question and more is Jack Hanney, CEO of Patriot Gold Group.
Q&A:
1) With unprecedented high spending we are seeing today, what are the prospects for inflation?
Answer: It’s not a question of if, but when. Of course there will be inflation. Just as most roofers learn, as much as they are careful balancing on slanted roofs, at some point in their careers, the law of gravity kicks in and they fall. The law of supply in demand is the same. While you can cheat death on the short term, spending like this is the recipe for the death of the dollar.
2) How is Wall Street reacting to this spending spree?
Answer: Wall Street investors are absolutely thrilled that another tsunami of money is coming. One recent poll found that “37% of Main Street investors” plan to pour stimulus money directly into the Wall Street casino…
A recent Deutsche Bank survey found that 37% of Main Street investors, some of who could be members of the Reddit community, will plow a “large chunk” of stimulus money, about $170 billion, “directly into equities.” These small but mighty investors have gained notoriety in recent months, creating volatility and heavy volume in a number of heavily shorted stocks, such as GameStop Corp., AMC Entertainment Holdings Inc. and Bed Bath & Beyond Inc.
That should be very good news for stocks, but of course a major “trigger event” could crash the market at any time.
3) What types of things are included in these spending plans?
4) We hear a lot today about Bitcoin. What’s your read on Bitcoin?
Answer: Why buy bitcoin when you can buy real coin such as real gold and real silver coins. They are the best hedge against inflation since as the dollar goes down and inflation goes up, real gold and silver coins typically go up.
5) Recently your company Patriot Gold Group distributed an article talking about the ‘greening’ of the U.S. economy, calling it the most transformative change since the industrial revolution. What did you mean by that?
6) Where may we get more information on this topic on the opportunity to learn more about investments in gold and silver?
Answer: PatriotGoldGroup.com
ABOUT JACK HANNEY…
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Jack Hanney has been in the financial markets for 25+ years and is widely heralded as an expert in his field.
Jack was born and raised in Westchester County, NY. Jack subscribed to The Wall Street Journal at the age of 14 and moved to California in his early 20’s to study under Investor’s Business Daily founder William O’Neill.
Jack Hanney went on to be the General Manager and Director of Sales at several algorithmic automated trading companies trading the futures and commodities markets working with Introducing Brokers out of Chicago, Geneva and NYC. Jack was recruited by several tech startups and made a name for himself at Infosearch Media, Virtumundo and The Design People before returning to Finance. Jack passed on Morgan Stanley and other reputable, prestigious Brokerage firms to be a CFP in their Wealth Management Divisions and opted for a position as Senior Executive Trader with MG Private Client Services where he spent 4 years 2010-2014.
Jack Hanney had spent two years as Director of Trading, Executive Vice President of WDM overseeing the Retail Division before cofounding Patriot Gold Group a collective of Industry-Leading Experts bringing their clients Investor Direct Pricing and superior customer service.
Jack has written over half a billion dollars in business and trades maintaining outstanding relationships with his clients at Patriot Gold Group (PGG), where he is a senior partner. Jack resides in Los Angeles, California with his wife Amy and is the proud father of his two daughters, Kate age 13 and Luna age 21 & their two dogs Roxy & Daisy.
CONTACT: To schedule an interview with Jack Hanney, email Jerry McGlothlin of Special Guests at 919-437-0001 jerry@specialguests.com
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