Declining onto an empire forges its alliance with germany and the central powers as the war gives birth to 3 nationalist movements the road to time and the future world war one through the eyes own knowledge is iraq. How high can the price of gold go the precious metal is being sold for a record 2000. 00 an ounce whats driving the gold rush and could it affect the chances of economic recovery from the coronavirus and that this is a story. Alone welcome to the program. The coronavirus pandemic means we are facing our worst ever recession shutdowns to control the spread of the virus have forced many businesses to close millions of jobless and when times are tough investors tend to put their money into socalled safe haven assets such as gold. Precious metal hit a record high of 2060. 00 announced a couple of weeks ago thats a 30 percent rise this year now some analysts are predicting prices to soar to 3000. 00 an ounce by next year the price rise is particularly being felt by indians they
In the us fraud as in wisconsin said shops and cars on fire and Police Officers shot a black man in the back. Rows of the top headlines this morning state sued for the cause a report. We take over right here just bring you the latest news updates join us again live. Guys or this is kaiser report some of her solution thats right we talk about problems all year and then summer time we come up with all solutions that say were being joined by banker turned big coin entrepreneur simon dixon of banks the future long term friend of this show and as wave a bit of an introduction is book banks of the future came out roughly 10 years ago it actually predicted a major crisis in 2020 is almost clairvoyant and how that accurate that prediction was simon has also recently gone on record that he believes that Central Banks will go directly to people and bypass the banks with their money printing thats now being discussed in the highest circles of backing this is an amazing prediction that was made ba
Currency is falling and thats i think what were seeing is that is this this fall has been accelerating recently as you said and. To the moon i think ive got a nice comparison for you here i mean weve saw this billions and actually trillions of money printing recently in the small calculation so the feds expanded the Balance Sheet by 3 trillion within a very short time recently so what is 3 trillion 1. 03 trillion dollars if you make a staple of 1. 00 coin this is a mind boggling staple of 3003700000 miles and this is a chilly. 20 light seconds so this is actually several times to distance to the moon and this was just. Rate it out of nothing within a few weeks and thats i think the real problem which we are facing and and people are waking up to this problem and i think thats a very interesting time when a good analogy there with the staples and all that stuff its amazing when you put these graphics and you look at them how really incredible trillions and trillions of dollars as now of
I am x. Prize or this is the kaiser report summer solution starts right where we come up with solutions to all the problems they cover on the other shows right there anyway today weve got a goal to the moon edition with a special guest mark valley the incremental im stating there is no bigger solution needed then to the exorbitant privilege that has been the us dollar in the past 50 years all the trade imbalances all the trade deficits that are required by the United States and the mass unemployment that is the result of that us dollar policy so were talking to mark malloch about this and mark i want to ask you gold as gong supernova again and its one of the best performing assets of 2020 so far how high does this go and is the price of gold an indictment of the front cover of the economist magazine pre money. Yeah well the real question probably is not how high is gold going but holo its the dollar and all of the fear currency is falling and thats i think what were seeing is that this
Highs against just about every other currency in the world except the dollar now its made a new u. S. Dollar high and as you point out its an indictment a family for you have money is really crashing against against galled now Going Forward you know does that mean in inflation or deflation right this is weird topic because people have different definitions for these 2 words and it usually only goes in june interesting conversation and but what it what year take on it mark my on the accent already takes it away and im austrian and im also austrian in the economic sense of terms and the Austrian School of economics defines inflation this this. Is an increase of the money supply of im pick money supply if you talk about Price Inflation len we again have to specify what a Price Inflation are we talking about are we talking about asset Price Inflation are we talking. The consumer Price Inflation and so on but i mean this year it is inflation i agree to do that different issue and apparently