Anatomy of a fiat currency collapse (E1533)
Max and Stacy look at the ghoul of financialization, Larry Summers, who is being brought in as an economic adviser to Joe Biden. They take a look at Summers’ role in ending Glass Steagall and introducing the Commodities Futures Modernization Act, which then led to packaging risk up as an asset and selling to pension funds and other ‘dumb money’. Max interviews Alasdair Macleod of GoldMoney.com about the forecasts for $3,000 gold and the anatomy of a fiat currency collapse.
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