Episode 104
Mike Maloney on the Hidden Secrets of Money, Libertarianism, and Austrian Economics
Episode 104
Mike Maloney
Mike Maloney on the Hidden Secrets of Money, Libertarianism, and Austrian Economics
summary
In this week’s episode of Hidden Forces, Demetri Kofinas speaks with Michael Maloney, perennial entrepreneur and host of the documentary series Hidden Secrets of Money about monetary history, libertarianism, and Austrian economics.
Before starting GoldSilver.com, Mike overcame his childhood dyslexia to found a series of companies, including a high-end stereo manufacturer, winning several design awards in the process. Few people know this, but one of Mike Maloney’s own designs is on permanent display at the Victoria and Albert Museum in London. Mike also grew up dyslexic, leaving school after the 9th grade. Mike’s first job was as a traveling salesman, driving all over the Southwest and as far North as Oregon with a van full of samples and catalogs of automotive parts and accessories that he sold to customers. Eventually, Mike started his own high-end stereo equipment manufacturer, as well as an annual show called the Home Entertainment Show that took place during the same day as the Consumer Electronics Show. It was not until the very early 2000’s that Mike Maloney got the idea for GoldSilver.com, which began as a gold and silver brokerage, and which eventually developed into a reputable source for educational media content on Austrian economics, precious metals, and libertarian thought. For more than a decade now, Mike Maloney has traveled the world, sharing his relentless passion for economics and monetary history with audiences from Silicon Valley to Wall Street and from Hong Kong to Rome. He joins us today on Hidden Forces to share that experience with us.
The overtime to this week’s episode includes a lengthy conversation about Tesla, as Mike Maloney is a Tesla Bull, and has taken some issue with our bearish coverage of the electric car manufacturer and its founder, Elon Musk. This segment, as well as the transcript and rundown to the full episode, are available to audiophile, autodidact, and super nerd subscribers through the Hidden Forces Supercast Page. All subscribers also gain access to our overtime feed, which can be easily be added to your favorite podcast application.
Producer & Host: Demetri Kofinas
Editor & Engineer: Stylianos Nicolaou
Subscribe & Support the Podcast at http://patreon.com/hiddenforces
Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod
bio
Michael Maloney is host of the smash-hit video series Hidden Secrets of Money, author of the bestselling precious metals book Guide to Investing in Gold and Silver, and founder of GoldSilver.com, one of the world’s most highly regarded investment education companies and a global leader in gold and silver sales. For more than a decade, he’s traveled the world sharing his relentless passion for economics and monetary history with audiences from Silicon Valley to Wall Street, from Hong Kong to Rome.
As he delved into financial markets, monetary history, and global economics, Mike discovered that the same economic cycles kept repeating over and over throughout history, from ancient times to modern-day. “For 2,400 years as people have lost faith in fiat currencies, they have turned to ‘real money,’ gold and silver,” Mike says. “Today the stage is set for a worldwide ‘gold rush’ to the safe haven of precious metals just when supplies of those metals are precariously low. The opportunity for those who position themselves accordingly, ahead of the crowd, is like none we will see again in our lifetimes.”
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Nihilo magis. Quod vestri non item. Illud mihi a te nimium festinanter dictum videtur, sapientis omnis esse semper beatos; Sit, inquam, tam facilis, quam vultis, comparatio voluptatis, quid de dolore dicemus? Conferam avum tuum Drusum cum C.
An me, inquam, nisi te audire vellem, censes haec dicturum fuisse? Non minor, inquit, voluptas percipitur ex vilissimis rebus quam ex pretiosissimis. Quae in controversiam veniunt, de iis, si placet, disseramus. Esse enim quam vellet iniquus iustus poterat inpune. Et ais, si una littera commota sit, fore tota ut labet disciplina.
Quos quidem tibi studiose et diligenter tractandos magnopere censeo. Nec vero alia sunt quaerenda contra Carneadeam illam sententiam. Dolere malum est: in crucem qui agitur, beatus esse non potest. Immo videri fortasse. Non est ista, inquam, Piso, magna dissensio. Universa enim illorum ratione cum tota vestra confligendum puto. Ut id aliis narrare gestiant? Quamquam te quidem video minime esse deterritum.
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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Si quicquam extra virtutem habeatur in bonis. Tu enim ista lenius, hic Stoicorum more nos vexat. Scaevolam M. Non enim iam stirpis bonum quaeret, sed animalis. Quorum sine causa fieri nihil putandum est. Ut proverbia non nulla veriora sint quam vestra dogmata. Duo Reges: constructio interrete.
Quo plebiscito decreta a senatu est consuli quaestio Cn. An potest, inquit ille, quicquam esse suavius quam nihil dolere? Qui autem esse poteris, nisi te amor ipse ceperit? At quicum ioca seria, ut dicitur, quicum arcana, quicum occulta omnia?
Scisse enim te quis coarguere possit? Facit igitur Lucius noster prudenter, qui audire de summo bono potissimum velit; Sed ad haec, nisi molestum est, habeo quae velim. Sed eum qui audiebant, quoad poterant, defendebant sententiam suam. Mihi enim satis est, ipsis non satis. Quae cum dixisset, finem ille.
Item de contrariis, a quibus ad genera formasque generum venerunt. Cuius ad naturam apta ratio vera illa et summa lex a philosophis dicitur. Summus dolor plures dies manere non potest? Quos quidem tibi studiose et diligenter tractandos magnopere censeo. Sed quia studebat laudi et dignitati, multum in virtute processerat. Satisne vobis videor pro meo iure in vestris auribus commentatus? Ita redarguitur ipse a sese, convincunturque scripta eius probitate ipsius ac moribus. Quasi ego id curem, quid ille aiat aut neget.
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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Et ille ridens: Video, inquit, quid agas; Perturbationes autem nulla naturae vi commoventur, omniaque ea sunt opiniones ac iudicia levitatis. Duo Reges: constructio interrete. Quid, cum fictas fabulas, e quibus utilitas nulla elici potest, cum voluptate legimus? Sic exclusis sententiis reliquorum cum praeterea nulla esse possit, haec antiquorum valeat necesse est. Tu enim ista lenius, hic Stoicorum more nos vexat. Vide ne ista sint Manliana vestra aut maiora etiam, si imperes quod facere non possim. Quodsi ipsam honestatem undique pertectam atque absolutam. Respondent extrema primis, media utrisque, omnia omnibus.
Quasi vero, inquit, perpetua oratio rhetorum solum, non etiam philosophorum sit. Nam si +omnino nos+ neglegemus, in Aristonea vitia incidemus et peccata obliviscemurque quae virtuti ipsi principia dederimus; An est aliquid, quod te sua sponte delectet? Illud dico, ea, quae dicat, praeclare inter se cohaerere.
Atque his de rebus et splendida est eorum et illustris oratio. Quod si ita sit, cur opera philosophiae sit danda nescio. Quae similitudo in genere etiam humano apparet. Unum nescio, quo modo possit, si luxuriosus sit, finitas cupiditates habere. Venit ad extremum; Nec vero alia sunt quaerenda contra Carneadeam illam sententiam. Immo istud quidem, inquam, quo loco quidque, nisi iniquum postulo, arbitratu meo. Hoc dixerit potius Ennius: Nimium boni est, cui nihil est mali. Ipse Epicurus fortasse redderet, ut Sextus Peducaeus, Sex. Cur tantas regiones barbarorum pedibus obiit, tot maria transmisit?
Portenta haec esse dicit, neque ea ratione ullo modo posse vivi; Videsne, ut haec concinant? Sed haec ab Antiocho, familiari nostro, dicuntur multo melius et fortius, quam a Stasea dicebantur. An eum locum libenter invisit, ubi Demosthenes et Aeschines inter se decertare soliti sunt? Ratio quidem vestra sic cogit. Tum ille: Tu autem cum ipse tantum librorum habeas, quos hic tandem requiris? Itaque mihi non satis videmini considerare quod iter sit naturae quaeque progressio. Non dolere, inquam, istud quam vim habeat postea videro;
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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quid ei reliquisti, nisi te, quoquo modo loqueretur, intellegere, quid diceret? Proclivi currit oratio. Multoque hoc melius nos veriusque quam Stoici. Quid censes in Latino fore? Duo Reges: constructio interrete. Hic Speusippus, hic Xenocrates, hic eius auditor Polemo, cuius illa ipsa sessio fuit, quam videmus. Quae animi affectio suum cuique tribuens atque hanc, quam dico. Suo genere perveniant ad extremum;
Quod mihi quidem visus est, cum sciret, velle tamen confitentem audire Torquatum. Perturbationes autem nulla naturae vi commoventur, omniaque ea sunt opiniones ac iudicia levitatis. Quaesita enim virtus est, non quae relinqueret naturam, sed quae tueretur. Sed quot homines, tot sententiae; Quid, de quo nulla dissensio est? Deinde disputat, quod cuiusque generis animantium statui deceat extremum. Cur fortior sit, si illud, quod tute concedis, asperum et vix ferendum putabit?
Et certamen honestum et disputatio splendida! omnis est enim de virtutis dignitate contentio. Itaque hic ipse iam pridem est reiectus; Tum ille: Tu autem cum ipse tantum librorum habeas, quos hic tandem requiris?
Facile est hoc cernere in primis puerorum aetatulis. Nec vero sum nescius esse utilitatem in historia, non modo voluptatem. Octavio fuit, cum illam severitatem in eo filio adhibuit, quem in adoptionem D.