Ronald-Peter Stoeferle On “In Gold and Bitcoin We Trust” (Video)

Ronald-Peter Stoeferle On “In Gold and Bitcoin We Trust” Video – Gordon T Long

FRA: Yeah, exactly. And I think as well that the idea that everybody has been expecting fiscal policy, fiscal stimulus policy. But it hasn’t really happened yet or not much. There was talk about infrastructure spending but it’s either been delayed or there hasn’t been much of it. So maybe monetary policy might still be the only approach by central banks and governments. Your thoughts?

Ronald-Peter Stoeferle: Yeah I mean I was kind of wondering that. Actually last year gold had a tremendous run and then came Donald Trump. And from one point to the other, the markets change was such a big reversal. And there was so much confidence in Donald Trump, you know the reflation trade and so much hope for fiscal stimulus. But so far nothing really happened, I think it’s a complete disaster. He didn’t deliver on anything that is really important actually. So from my point of view, there will, as soon as the market or the economy gets weaker and there’s lots of signs Richard. We’ve got retail sales being very weak, we’ve got lots of numbers from the industrial sector being weak, we’ve got text receipts basically stagnating, we’ve got most importantly from my point of view credit growth for commercial loans but also for consumer credit is very very weak. And other sales of course. So from my point of view, we’re already in the downturn. So the Fed is actually tightening into the weakness as Jim Rickards always says. And therefore I think we will see this U-turn by the Federal Reserve. They will talk about lowering rates again, they will at some point consider implementing another round of QE. And believe me, 85 billion won’t be enough, it will have to be above 100 billion per month of course because there’s a declining marginal utility. And of course, as soon as the recession fears come up there will also be massive fiscal stimulus. So I think, and this is really going to be the point when gold will probably go a few hundred bucks higher within a couple of days or weeks.


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FRA: In your executive summary you reference an exclusive interview with Dr. Judy Shelton, the economic advisor to Donald Trump. Can you speak to that?

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Gordon T Long

Meet the Host of our Program Show Gordon T Long, co-founder of the Financial Repression Authority. Gordon T. Long has been publically offering his financial and economic writing since 2010, following a career internationally in technology, senior management & investment finance. He brings a unique perspective to macroeconomic analysis because of his broad background, which is not typically found or available to the public. Mr. Long was a senior group executive with IBM and Motorola for over 20 years. In 1995, he founded the LCM Groupe in Paris, France to specialize in the rapidly emerging Internet Venture Capital and Private Equity industry. Gordon T. Long is a graduate Engineer, University of Waterloo (Canada) with graduate business studies at the prestigious Ivy Business School, University of Western Ontario (Canada) on a Northern & Central Gas Corporation Scholarship.