What’s With the Pro-Gold Fed Nominees? (Video) – Silver Fortune
What’s With the Pro-Gold Fed Nominees? (Video) by Rory for The Daily Coin
Matt, Silver Fortune, extended a very kind invitation to discuss current events. Our discussion begins with President Trump and all the Fed heads coming to the fore that are all gold bugs – Herman Cain, Stephen Moore and Judy Shelton. These three people have all used words like “audit” and “gold standard” so you know that it will difficult or impossible to get any kind of nomination to actually have a voice for the Federal Reserve. Usually the word “gold” is banned or if it is used it discussed in ways like Bernanke did when he said it was not money or when the so-called journalist called it a “pet rock”.
We quickly turned to the inverted yield curve, QE and other aspects of the collapsing economy. Nothing, as most people that have been following along, has been fixed, corrected or even addressed since the global economy collapsed in 2008. Some of the magic tricks have worked, however, the effects are wearing off. The Federal Reserve and their trick of “money printing” (QE) stopped working in 2015/2016.
With interest rates being elevated over the past couple of years we are now seeing the impact on the economy with inflation rising, corporate stock buy backs failing or slowing and homelessness growing exponentially. If the economy is doing so great why do we have more than 100,000 people living on the streets in California alone? Why?
We then touch on the pension problem, which is tied directly to yield curve, money printing and the collapsing economy. The pension system has collapsed. As I have reported on time and again CALPers, one of the largest or the largest pension fund in the U.S. has collapsed by more than $20 billion. How can you recover from that type of deficit?
It’s a great conversation running the gamut of the economy and gold. We finish the conversation, strong, with gold, gold and more gold.
Matt, Silver Fortune produced the video below