Capital Account Season 1 Episode 112 Mike Maloney On the Fiscal Cliff and the "Holy Sh*t" Demographic Bankrupting America

Mike Maloney, a financial expert and author, joins Capital Account host Lauren Lyster for a discussion on the United States' looming fiscal cliff and the demographic shift that is contributing to the country's bankruptcy. Maloney explains his "holy sh*t" demographic theory, which suggests that the aging baby boomer generation is putting immense pressure on the US government to continue unsustainable spending.

Maloney cautions that the country's current trajectory cannot be sustained, as the government is printing money to finance its debt and entitlement programs. He argues that the fiscal cliff, which refers to a combination of tax increases and spending cuts set to take effect in 2013, is just the beginning of the country's financial woes. Maloney predicts that if the government doesn't address the underlying root causes of its financial problems, we will see a catastrophic economic collapse.

Maloney goes on to explain how he believes precious metals, such as gold and silver, are a safer store of value than traditional fiat currencies. He notes that despite the recent drop in gold prices, he is confident that the long-term trend for precious metals is upward. Maloney explains how he believes that in a crisis, gold and silver will be the go-to assets for those seeking to protect their wealth.

Lyster and Maloney also discuss the impact of politics on the economy and financial markets. They discuss the partisan divide in Congress and how it is making it difficult for lawmakers to address the country's financial problems. They also touch on the rise of alternative currencies, such as Bitcoin, and how they could potentially disrupt the traditional banking system.

Overall, this episode of Capital Account provides insightful commentary on the United States' financial problems and the challenges that lie ahead. Maloney's expertise and analysis offer a sobering look at the state of the economy and the potential consequences if we fail to address our fiscal challenges.