The Phony Economy Must Die
Peter recently joined Francis Hunt on his Youtube channel, The Market Sniper, for an interview. Throughout the course of their conversation, they cover the future of gold, destructive campaign promises made by Kamala Harris, soaring deficit figures, and why the public is mistaken about gold ETFs.
Francis begins by asking Peter about the similarities between today’s economy and the economy in 2006 and 2007. Many of the Great Recession era problems linger, but we have even more debt:
“The problem is that after we got the financial crisis, the government didn’t learn from its mistakes at all. The Federal Reserve didn’t acknowledge any role in creating the crisis and it simply did more of what caused it. And so now, a dozen years later or more, the economy is in much worse shape. We have far more debt now than we had in 2008. We have a much bigger bubble that encompasses a lot more than just residential housing. And we’re on the precipice of a much greater economic crisis from which there could be no bailouts because the way they were able to bail everybody out before was to create inflation.”
Meanwhile, gold is having a killer year– i
Article from LewRockwell
LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.