Freedom Fest 2021
Michelle Makori of Kitco News heads off interviewing libertarian Yaron Brook.
The headline : “U.S. headed towards ‘bankruptcy’; Gold will protect you, everything else will ‘get crushed’ sounds terrifying. The silver lining is that it’s not too late for the American people to curb the trend.
The U.S. is headed for bankruptcy and economic decline, and the best way to protect your wealth is with gold, said Yaron Brook, managing partner of BHZ Capital. “Hyperinflation is quite unlikely because we know how to deal with inflation, we know how to stop it, it’s just very, very painful. I think what we’re really in for is a very long period of stagnation, maybe combined with inflation, maybe now. One thing we’re not going to see is significant economic growth,” Brook told Michelle Makori, editor-in-chief of Kitco News. Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori) Follow Yaron Brook on Twitter: @yaronbrook (https://twitter.com/yaronbrook) 0:00 – Direction of U.S. economy 4:15 – Inflation and the U.S. dollar 7:34 – Assets to buy, assets to avoid 8:44 – Bitcoin as a store of value 9:27 – Gold as legal tender 11:00 – Central bank digital currencies
Source: https://gwyde.blogspot.com/2021/07/freedom-fest-2021.html
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