"Temporary Default= The Whold System Collapse?" RAfo Farber
Temporary Default = The Whole System Collapse? | Rafi Farber
Liberty and Finance: 5-16-2023
Rafi Farber joins us to discuss the debt ceiling. He says if a U.S. defaults - even a temporary one - would jeopardize the whole system.
The system is so fragile that any of a number of things could take it down, he says.
What new monetary system would rise out of the ashes of the current system?
Farber discusses how a gold-based system would work and why it's likely the world will return to the yellow metal.