Mike Maloney: Nothing Will Stop The Federal Reserve From Buying Stocks w/ New Currency
Jason Burack of Wall St for Main St interviewed first time guest, founder & CEO of respected bullion dealer, Gold Silver GoldSilver.com, Mike Maloney.
Mike is also the author of, The Guide to Investing in Gold & Silver Amazon and Mike created the wildly popular, Hidden Secrets of Money video series on YouTube Mike Maloney where his YouTube channel has over 30 million views and over 195k subscribers worldwide.
During this 30+ minute interview, Jason starts off by asking Mike about what crazy schemes central bankers will try to boost velocity of money?
Mike talks about the velocity of money and how it was discussed in his newly released Episode #7 of his popular Hidden Secrets of Money video series. Mike says negative interest rates are one way central bankers are trying to get people to stop saving and to spend more.
Mike talks about deflation and how baby boomers are trying to pay down debt and will probably have to sell assets to fund their retirement.
Jason then asks Mike about if the Federal Reserve will continue to lobby for permission from Congress to start buying stocks. Mike says there will be basically nothing to stop them from doing so in the future and Mike points to Ben Bernanke’s 2002 Helicopter Money speech.
Jason and Mike discuss what deflation would mean for asset prices and the global economy and how if oil prices went below $29/barrel to say $10/barrel it would potentially cause war or other major geopolitical problems as well as bankrupting every single oil producer.
To wrap up the interview, Jason asks Mike a handful (thanks to the dozens of listeners who submitted questions!) of listener questions.
Listener Questions Answered During the Interview:
1) From Eric- Should we be optimistic that gold/silver price manipulation will end soon?
2) Multiple Listeners Asked Mike- Do you own any gold & silver mining shares?
3) From Corey- What do you think is the next world reserve currency? Will it be the SDR?
4) NB- Historically,when a currency hyperinflates there has been a viable alternative for capital to run to. If the US Dollar hyperinflates, what asset has the market depth to accommodate a ~$200 trillion capital inflow?