Danielle DiMartino Booth says it’s time for people to seek out gold for their own portfolios, not because of inflation, or deflation, but because of this…
Danielle discusses her book and why it’s important that people understand the way central bank policies affect their lives.
Her book reveals how the Fed has lost its way due to creating monetary policy based on market patterns and politics instead of economic metrics. The Fed is increasingly becoming backed into a corner ever since the money printing of 2008 with the introduction of “Zero Interest Rate Policies” and “Quantitative Easing.”
Now the Fed has again become dovish over seemingly small corrections occurring in the markets.
Time Stamp References:
0:45 – Federal Reserve Policies
2:00 – Fed is backed into a corner.
4:00 – Reflation trade reversal.
5:30 – Unemployment and recessions.
7:15 – Housing Bubble of 2008.
8:30 – Follow the liquidity.
9:15 – Pensions are going to be hit.