“Negative interest rates are unsustainable and once investors decide to stop paying for the privilege of holding government debt, a banking crisis could result, says James Grant.”
Returning SBTV guest, Claudio Grass, speaks with us about the unsustainable pensions, crumbling fiat currencies and a looming financial crisis in a world of insane central bank monetary policies.
Discussed in this interview:
01:31 A looming global recession ahead?
06:47 Money printing by central banks at its limits
08:18 Governments and central banks are out of control
11:14 Pensions are not sustainable especially with negative interest rates
15:46 No bright future for the dollar and euro
24:03 Lack of gold backing: Cause of economic woes
26:58 Digital world can offer freedom away from centralization
28:50 Prioritize hard assets to protect wealth