Janet Yellen’s recent comments at Jackson Hole on August 26th are really much of the same stuff. There is a few things in Yellen’s speech that are quite revealing. Yellen suggested that QE4 (more money printing) is on the table and even negative interest rates! Yes, Janet Yellen makes a comment saying rates you should have went negative in response to the housing crisis in 2008! Negative interest rates seem to be the last resort effort by central banks to keep things under control. This seems to be the end of the road and it’s not going to end well. Prepare yourself now while you still can!
This question sounds crazy but, should we legalize insider trading? As crazy as this may sound, legalizing insider trading is the right thing to do. Today, insider trading is considered a criminal act, why is this? It’s a victimless crime! If you’re the CEO of some company and you leak out information against your contract or your fiduciary duty then that’s a civil case with the company you work for. If we want prices to reflect the most accurate and up to the minute information then we need to legalize insider trading! Having insider trading illegal doesn’t level the playing field like most believe, it actually does the exact opposite. We have enough government laws as is and law enforcement can’t keep up with those! Lets legalize insider trading so law enforcement can go after actual criminals with their very limited resources!
The economy is not strong like the “experts” out there have led us to believe. Quarter 2 GDP came in at 1.2% when the Atlanta FED was predicting 2.4% GDP growth! That’s a big miss! And under Obama’s presidency we haven’t seen one year over 3% GDP growth and this is unprecedented in modern American history! We have had interest rates near 0% for Obama’s entire presidency because this was supposed to stimulate the economy and it has done nothing of the sort! Now countries around the world are engaged in negative interest rates to “stimulate” the economy! Ladies and gentleman, we are at the end game of this monetary experiment and it doesn’t end well!
Donald Trump literally lays out what he’s doing now in his presidential campaign from his 1987 book, “The Art of the Deal.” Trump says you need to be a little outrageous, controversial and talk big! Yes, Trump says play to people’s fantasies because most people don’t think big themselves, but they love to rally around someone who does! Can you say, build a big, beautiful wall?! The most fascinating quotes from Trump’s book are read in this episode. Also, Rush Limbaugh is considered “Mr. Conservative” but is conservatism really at the top of his list? Don’t miss this episode where all this is explained!
Interest rates have been near 0% for almost eight years now and we have printed trillions of dollars into the economy since 2008! Negative interest rates are happening all over the world… What does all this really mean!? Where is the U.S. economy going? Are we really in a recovery like Federal Reserve Chairwoman Janet Yellen says? Is gold a good place to put money even after the 25% rally just this year? Don’t miss this panel discussion with top Austrian economists from FreedomFest 2016 where these questions and more are answered!