Generations Radio

Kevin Swanson

Elon Musk, Bit Coin, and Debt Monetization - One Gigantic Ponzi Scheme

March 5, 2021
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Has the US become one big Ponzi scheme? Has the character of the nation come to the point that only Ponzi schemes hold any real interest on the part of investors and voters? We discuss the most unprofitable company in the world, and the profit it pulls from legalized extortion plots. The Federal Reserve stepped up debt monetization in 2008-ish, but as of 2020 the Fed is monetizing debt like it's going out of style. A few years ago, only 11% of the debt was monetized. Now we're looking at 27%. And, roughly 90% of the $4.5 trillion last year was monetized. In case our listeners are unaware of what fractional reserve banking and debt monetization looks like, we provide a little allegory to help out.

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About Generations Radio

Heard in all 50 states and over 60 countries around the world, Generations Radio brings a fast and fresh perspective to issues touching Christian families. From cultural commentary and movie reviews to education and homeschooling, Generations Radio has it every day - all from a distinctively biblical worldview

About Kevin Swanson

Kevin Swanson is the host of Generations Radio and a homeschool father of five children. Homeschooled himself in the 1960's and 1970's, Kevin went on to run for US Senate and has since traveled around the US and world speaking on the family, education, and biblical worldview. As the Director of Generations with Vision, Kevin has a passion for faith, family, and freedom in the 21st Century.

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