Holmes shared his expertise on financial trends, the current economy, the Japanese yen carry trade, and the future of alternative assets like gold and Bitcoin.
When everyone realizes the paper monetary system has no intrinsic value, and gold and silver re-emerge as currency backstops, perhaps the Fed will try to get its gold back.
Everyone thinks the Fed will cut rates next month in response to better inflation data and higher unemployment. The market also thought there would be six rate cuts in 2024
This article covers Austrian money theory, core Austrian economics beliefs, contributions of key figures, and six key lessons from the Austrian School.
The release of better-than-expected jobs data after the number of Americans filing new claims for unemployment benefits was lower than forecasted. Both gold and silver are trading flat.
The stated policy is to devalue the currency by 2 percent every year. That means you lose 10 percent of your purchasing power every five years and 20 percent each decade.
