Jason Burack of Wall St for Main St interviewed returning guest, the CEO of the McAlvany http://www.mcalvany.com/ group of companies and the host of the superb McAlvany Weekly Commentary http://mcalvanyweeklycommentary.com/ podcast about investing and the economy, David McAlvany.
What did we talk about?
Jason starts off by asking David about the cashless society, war on cash, financial repression and negative interest rate policy that academic PhD Keynesian Economists and central bankers are discussing and implementing.
Harvard Economists Larry Summers and Ken Rogoff (who has a new book out called The Curse of Cash) want to eliminate all cash including $10, $20 and $100 bills!
Crazy articles like this Bloomberg Op Ed piece are now coming out saying how the free market would support deeply negative interest rates
https://www.bloomberg.com/view/articles/2016-09-01/want-a-free-market-abolish-cashDavid just interviewed Carmen Reinhart for this week's McAlvany Weekly Commentary about this very subject. His interview of Reinhart is over an hour and well worth your time to understand what the academics and political elites have planned for us!
http://mcalvanyweeklycommentary.com/carmenreinhart/We discuss what negative interest rates and trying to eliminate cash means (way less freedom for everyone) and they discuss how desperate governments are now and how they will become more desperate.
David answered 2 listeners questions about China and also about what a global economic reset will look like to wages, prices and mortgages?
Why he thinks the rally in gold and silver and precious metal mining shares started in December 2015.
(podcast is 47 minute long)