Interview: Surviving The Covid Crisis

Posted July 2, 2020

I had a really good conversation with Patrick Donohoe for the Wealth Standard podcast recently.  I enjoyed this interview.  Its length made it possible to go into detail on many important topics.  I hope you will listen to it now.

Topics include:

• Why it is important for investors to understand the tools the government uses to manage the economy and the financial markets at the macroeconomic level.

• How understanding that framework led me to predict (in a series of Macro Watch videos beginning on March 1^st) that the Fed would respond to the Coronavirus stock market crash with unprecedented monetary firepower in order to push stock prices higher again.

• The lessons from the Crisis of 2008 and what they tell us about what the government and the Fed will do next to prevent a Coronavirus economic calamity.

• Why Yield Curve Control is likely in the US, while negative interest rates are not.

• Why there was a Depression in the 1930s, but not after the Crisis of 2008.

• Why Fiscal Austerity is the 21^stCentury equivalent to bloodletting, more likely to kill than to cure the patient. 

• Why we need to get past the economic orthodoxy that was appropriate when Money was backed by Gold, but no longer appropriate today.

• US Banks on government life support.

• Who’s in control of Washington DC.

• What individuals can do to take charge of their own financial security.

• The outlook for US-China relations and what the United States must do now to avoid becoming a vulnerable, second rate power by 2035.

• A strategy for sustaining US national security and locking in another American Century.

After listening to this interview, I hope you will consider subscribing to my video-newsletter, Macro Watch. You will find much more detailed analysis there.

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Click HERE to listen to Part 1 of this Wealth Standard interview now.

Click HERE to listen to Part 2. 

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