Politicians favor an “easy money” policy because it creates an (illusionary) economic boom. The Fed-created boom helps the politicians remain in office.
The U.S. Mint occasionally makes mistakes, and there's a laugh in the possibility that the mint might let a trillion-dollar coin escape into public circulation.
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
