Economist Jack Hanney available by Zoom, Skype or Phone from L.A.
Democrats are floating a $3 Trillion relief bill with hopes to rush it to a vote by the end of this week. Republicans are in less of a hurry to pass into law another 13-figure bailout.
So, just might be the impact on our economy if we made an overnight addition of $3 trillion in red ink by printing $3 trillion greenbacks?
Some say it could trigger hyperinflation. Others say we might suffer from stagflation. But millions more hardly seem to even consider the long-term effect and just say, “Show us the money.”
Joining us in this discussion is Economist Jack Hanney, CEO of Patriot Gold Group.
Q&A:
- Jack, what impact could it have on our financial system if we were to add an unprecedented overnight $3 Trillion to the money supply?
- Democrats are calling the proposed bailout bill the “HEROES Act.” Is it a pure heroic relief bill or might there be just a little bit of pork packed into it?
- If passed, how much money will the average American see from it?
- What exactly is hyperinflation and can you give us some examples of it throughout history?
- Has hyperinflation ever been triggered by diluting down a money supply less than this $3 trillion dollar addition would do?
- Nancy Pelosi in justifying the bill said it reflected a ‘think big’ approach and she went so far as to say Federal Reserve chairman Jerome Powell encouraged that big thinking approach. Is that your understanding of the attitude of Powell and the Fed?
7) Question: Where may we get more info on you and your financial advice?
Answer: PatriotGoldGroup.com
ABOUT JACK HANNEY…
Jack Hanney has been in the financial markets for 20+ years and is widely heralded as an expert in his field.
Born and growing up in Westchester County, NY where his father was a successful politician and owner of an Insurance Brokerage Firm. Jack began subscribing to The Wall Street Journal at the age of 14 and moved to California in his early 20’s to study under William O’Neill, arguably the single most successful investor in the history of the markets and founder of Investor’s Business Daily and author of How to Make Money in stocks.
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 collaborating with two other prominent experts in his field and opening Patriot Gold Group a collective of Industry-Leading Experts bringing their clients Investor Direct Pricing and superior customer service.
Jack has written over 200M in business and trades maintaining outstanding relationships with his clients at Patriot Gold Group (PGG), where he is a senior partner, who he refers to as dear friends and family and now … welcoming them to the PGG family of investors. Jack resides in Los Angeles, California and is the proud father of his two daughters, Kate age 10 and Luna age 18.
