Eric Sepanek
SBC Founder
Eric Sepanek is the founder of Scottsdale Bullion & Coin, established in 2011. With extensive experience in the precious metals industry, he is dedicated to educating Americans on the wealth preservation power of gold and silver.
Steve Rand
General Manager / Sr. Precious Metals Advisor
Steve Rand is the General Manager and a Sr. Precious Metals Advisor at Scottsdale Bullion & Coin. He brings over 20 years of experience in the physical precious metals markets.
“[MMT] is a theory that deficits don’t matter…that you can have unlimited printing…and just keep going forward.”– Scottsdale Bullion & Coin Founder Eric Sepanek
The economic climate is constantly shifting, confronting investors with new obstacles regularly. Staying current on relevant developments is crucial for sheltering your wealth from the worsening economic conditions.
In this week’s The Gold Spot, Scottsdale Bullion & Coin Founder Eric Sepanek and Sr. Precious Metals Advisors Steve Rand explain our latest Exposure Report, revealing the failed monetary theory at the heart of our weakening economy.
How Investors Stay Informed & Protected
At Scottsdale Bullion & Coin, we’ve been busy compiling insightful reports covering important economic news that investors struggle to get elsewhere. These topics directly impact your savings and your ability to protect those savings. Two of our most recent releases include:
Petrodollar Report – This detailed timeline follows the dollar’s rise as the world reserve currency from abandoning the gold standard through the creation of the petrodollar system to the current challenge of de-dollarization.
Central Bank Digital Currency (CBDC) Report – This expansive report highlights the growing trend of dollar digitization, reveals what CBDC projects the government is running, and explains how investors can protect their wealth.
NEW: The Modern Monetary Theory Report
Modern Monetary Theory (MMT) is a controversial and untested economic theory that argues governments should NOT be concerned about running up debt. Under this school of thought, deficits are easily surmountable by flipping on the money printer. If inflation heats up, MMT’s solution is to increase taxes to curb private-sector spending.
If that sounds fanciful, that’s because it is! MMT presupposes a bottomless well of cash without paying much attention to fundamental economic factors such as inflation, interest rates, resource limitations, long-term debt, or fiscal sustainability. That’s why we’ve dubbed our Modern Monetary Theory Report “Socialist Economics Guide for Dummies” because of MMT’s alarming similarities to the economic policies of failed socialist states. Unfortunately, the American people have been unwitting subjects in the world’s largest and most unsuccessful MMT experiment.
The US’ Only Defense Against MMT
The only reason the US has survived this long under blatantly flawed fiscal policies is the dollar’s position as the world reserve currency. Since the British pound fell out of favor following consecutive World Wars, USD has been the global economy’s preferred currency. The overwhelming majority of nations choose to conduct trade, hold reserves, and base their economies on the mighty dollar. This status has shielded the US economy, American investors, and our financial czars from the failures of MMT. However, the dollar’s dominance is facing its greatest threat yet.
De-Dollarization & Rising Alternatives
Over the past few years, the dollar’s reputation as a trustworthy, stable, and predictable asset has been severely diminished. The inevitable failures of MMT, such as sky-high debt, rampant inflation, and banking crises, have overtaken the US economy, resulting in a global lack of confidence in the dollar. The process of de-dollarization is in full swing as countries – allies and enemies alike – decouple from the greenback.
The resulting void has ushered in a currency clash as dollar alternatives fight for the coveted position as the world reserve currency.
- The Chinese are pushing for the petroyuan.
- BRICS nations are discussing a gold-backed BRICS currency.
- Central banks are scooping up gold at record rates.
Regardless of where the future of currency goes, the US dollar’s role has never been more in question.
Claim Your FREE COPY of our New Modern Monetary Theory Report Today!
The first step to protecting your wealth from the failed fiscal policies of the financial elites is understanding their missteps. Request your free copy of our Modern Monetary Theory Report, CLICK HERE.
