Summary: Other People's Money, by the millions, billions, trillions...<br> Larry Summers doubletake: This is gonna trigger inflation<br> Income starvation forces good money into really bad decisions<br> <br> <br> <br> The McAlvany Weekly Commentary<br> with David McAlvany and Kevin Orrick<br> <br> Stimulus Fever: To Infinity and Beyond!<br> February 9, 2021<br> <br> Gold is not a gamble. It’s not a GameStop roll of the dice. Pure and simple, it is insurance. We’ve talked about it as stupidity insurance because we know who is managing the money back on the East Coast because this administration’s agenda comes at a high price. And you have change in the pipeline, spare change. Because maybe that’s all you’ve got at the end of this saga. — David McAlvany<br> <br> Kevin: Welcome to the McAlvany Weekly Commentary. Now, I’m Kevin Orrick along with David McAlvany. <br> <br> David we’re recording at night tonight because you just got back from Aspen. You took the family, you don’t necessarily do all the fondue restaurants when you’re there, but when you go with families, and I think you went with another family, you tailgate at Aspen. Tell us a little bit about the powder turns and the tailgating.<br> <br> David: Unbelievable. We had the best snow that Aspen’s had all year long.<br> <br> Kevin: Right.<br> <br> David: And we did these passes called the mountain collective passes, where you end up with two days at 20 different locations around the country.<br> <br> Kevin: And it forces you to travel all over Colorado and Utah, right?<br> <br> David: Yep. Colorado, Utah. We may make our way to Wyoming, we’ll see.<br> <br> Kevin: Okay.<br> <br> David: But Aspen was what we chose this weekend. And with COVID, most of the restaurants are closed anyways. So we brought food to tailgate, and we’ve got our fire ring and camp chairs, which was fantastic. But 20 inches of fresh powder the day before we get there. And most of the terrain we’re interested in skiing is closed for avalanche mitigation. So we get fresh tracks. Unbelievable.<br> <br> Kevin: See, that’s the thing. You told me that you were on a slope with the boys that was over 40 degrees as far as the steepness. Now we unfortunately, not to darken the mood here, but we have lost a number of people here just over the last week to avalanches. And so you really have to know your limits when you’re skiing a steep slope. You all waited until they pulled the ropes back. What were you, the first 20 people on the top of Aspen Mountain?<br> <br> David: That’s right. Yeah. They had been working on avalanche mitigation for a couple of days.<br> <br> Kevin: Right.<br> <br> David: And finally opened it up and we just happened to hit the top of the lift as they’re dropping the rope. And it’s a mad dash to see who can get in line and up to the top as fast as you can for the freshest of tracks.<br> <br> Kevin: But you as a dad, it hits you when you were going down the slope. It’s like, “Wait a second, my boys are with me.”<br> <br> David: Well, actually when we were going up the slope because they’ve never done an hour hike to get to where you’re going to ski. We did some backcountry skiing last year and it was a lot of work for a little reward. This was a lot of work for a reward they will never forget. Many runs you’ll forget in your life as a skier. This is one they will never forget. I won’t either.<br> <br> Kevin: One of the questions you have to ask yourself though is, how much is too much? When you’re going back there and there’s avalanche danger, there’s an attitude. And as we shift to the markets, the Treasury, you just wonder if they’re not playing with avalanche danger right now. They continue to think that they can push it just a little bit more or actually trillions more.<br> <br> David: You’re on the line of what you can handle at around 40 degrees.
