Economist’s “News and Views” Sunday 11-10-2024
Gold And Silver Are Sound Money: Why It Scares The Fed | JP Cortez
Lynette Zang: 11-10-2024
n Today's Video we are talking with Jp Cortez who is the Executive Director of the Sound Money Defense League, a nationally renowned policy group known for its fervent commitment to advocating for a stable and constitutional monetary system.
So very excited to have JP on
Unexploded Bombs In Banking System | Rick Rule
Liberty and finance: 11-9-2024
Legendary investor Rick Rule provides a stark outlook on the financial system, warning of the dangers posed by government debt, inflation, and the unsustainable promises made by social programs like Social Security.
He explains how institutions such as banks are facing severe financial strain due to mismatches in their portfolios—long-dated fixed-rate obligations funded by short-term deposits—exposing them to the risks of rising interest rates.
Rule also highlights the precarious future facing retirees, especially those relying on Social Security, as inflation erodes the value of nominal benefits.
With the U.S. government’s rising debt and unfunded liabilities, he cautions that the real value of future benefits will diminish, leaving many retirees unprepared. Ultimately, he stresses the importance of individuals taking control of their financial futures, acknowledging the challenges while emphasizing resilience and proactive planning.
INTERVIEW TIMELINE:
0:00 Intro
2:03 Government mismanagement
17:07 Currency devaluation
24:40 Election & US dollar
34:35 Metals vs miners
40:00 Banking system
48:00 Battle Bank
"You MUST PREPARE Now..." - Adam Taggart
LifeWorthLiving: 119-2024
Adam Taggart, host of thoughtful money, discusses the current uncertainties in financial markets and the importance of shifting from passive to active investment strategies. Taggart emphasizes that high volatility, shifting inflation trends, and evolving bond markets signal that traditional passive strategies may no longer be effective.