-- Published: Monday, 4 July 2016 | Print | Disqus
Highlights
Bob Hoye, senior investment strategist at Institutional Advisors returns with comments on Dr. Greenspan's recent call for a "Gold Standard."
Dr. Greenspan is now a professed "Gold Bug," and points out that all central banks keep tons of the "barbarous relic" in their stockpiles.
The former Fed Chair notes that under the former gold standard, 1870 to 1913, represents one of the most prosperous periods in US economic history.
In the dialogue, Dr. Greenspan placed the blame for the economic mess on Fiscal decision-making, accepting no responsibility for monetary policy.
Our guest likens the Brexit to the unshackling of modern feudalism, the fall of London's "Berlin Wall" may represent a great success for freedom.
Bob Hoye is also a gold bug - the PMs shares continue to benefit from significantly lower petroleum prices, which decreases overall expenses.
The Brexit gave the Fed policymakers a perfect excuse to halt rate hikes and even cut rates if needed in 2017, to the benefit of equities / PMs investors.
Bob Hoye, senior investment strategist at Institutional Advisors returns with comments on former Fed Head, Dr. Greenspan's recent call for US policymakers to return the monetary system to a "Gold Standard." Dr. Greenspan is now a professed "Gold Bug," and points out that all central banks keep tons of the "barbarous relic" in their stockpiles. The former Fed Chair notes that under the former gold standard, 1870 to 1913, represents one of the most preposterous periods in US economic history, which may imply a call for a new monetary system. In the dialogue, Dr. Greenspan placed the blame for the economic mess on Fiscal decision making, accepting no responsibility for monetary policy. Our guest likens the Brexit to the unshackling of modern feudalism, the fall of London's "Berlin Wall" may represent a great success for freedom and a stumbling block to the globalist agenda of total control. Bob Hoye is also a gold bug - the PMs shares continue to benefit from significantly lower petroleum prices, which decreases overall expenses, while improving profitability. The Brexit gave the Fed policymakers a perfect excuse to halt rate hikes and even cut rates if needed in 2017, to the benefit of equities / PMs investors.
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