Interview with Dr. Judy Shelton

jmski52

Kaiser Dunnigan is a very good interviewer and Judy Shelton provides some great insights on the Fed, past Fed meeting commentary, monetary policy and inflation in general, the policy impacts that a gold-backed 50 year bond would have, what an audit of the Fed would accomplish, and quite a few other interesting observations.

https://rumble.com/v6ovq70-the-real-reason-the-rich-get-richer-and-everyone-else-poorer-dr.-judy-shelt.html?e9s=src_v1_ucp

GoldFinger1969

I like Judy and she was an out-of-the-box nominee for an FOMC position during Trump 1.

French gold bonds didn't work out for France, check it out.

jmski52

You need to watch the interview to understand why she would make such a proposal for 50-year gold-backed bonds.

There is no immediate fix for the bond market.

GoldFinger1969

@jmski52 said:
You need to watch the interview to understand why she would make such a proposal for 50-year gold-backed >bonds. There is no immediate fix for the bond market.

There is nothing that needs fixing in the bond market. The 10-year is at 4.20%. That's a normal rate of interest for that duration.

jmski52

Yada, yada.................you and I disagree about what's going on with bonds.

Do you really think that the debt/GDP ratio is under control?

blitzdude

Sounds like another nothingburger to me. RGDS!

GoldFinger1969

@jmski52 said:
Do you really think that the debt/GDP ratio is under control?

No, but it doesn't need to be slammed into normal right away -- that would risk a recession. You need to bend the curve so that it makes a nice change in 10 or 15 or 20 years.

Like deflecting an asteroid headed for Earth when it is still 200 million miles from Earth instead of having to blow it up.

"The Denominator Effect" states that if nominal GDP (real + inflation) is high enough so that you can service the debt, you won't risk a situation like Greece in 2010.