“Fed Credibility Is Cracking” - GOLD Could Surge to $7,000: Steve Hanke

Описание: Steve Hanke warns the West may be approaching a monetary breaking point, arguing that runaway deficits, debt monetization, and relentless money printing are steadily eroding confidence in the dollar system. After stopping 242% monthly hyperinflation in Bulgaria, Hanke says the illusion of Federal Reserve independence is beginning to fracture and that once credibility is lost, restoring it becomes extraordinarily difficult.

He calls for ending monetary discretion, prohibiting central bank financing of government spending, and restoring discipline through dollarization or strict currency boards. As sovereign debt accelerates and trust in fiat currency weakens, Hanke sees a credible path to $7,000+ gold. When faith in the unit of account cracks, capital does not move gradually. It reprices aggressively. He also discusses Argentina, sanctions, inflation risk, silver volatility, and why monetary reset rarely arrives through polite reform. It arrives through crisis.
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TIMESTAMPS:
00:00 – Introduction
01:16 – From Farm Kid to 57-Year Monetary Insider
03:28 – Trading at 10 and the Oil Call That Shocked OPEC
07:14 – The Crisis Doctor Economist Trader Presidential Adviser
08:09 – Interventionism Is Back and It Is Bipartisan
15:29 – The Hong Kong Blueprint No Printing Press Required
24:30 – Argentina’s Collapse The Fatal Monetary Loophole
29:45 – 242 Percent Hyperinflation Stopped in Its Tracks
33:09 – Why Politicians Protect the Printing Press
34:19 – Dollarization Remove Monetary Discretion
35:52 – Argentina Venezuela Lebanon Where Crisis Hits Next
38:01 – Reform Only Comes Through Crisis
43:44 – Gold to 7,000 A Warning From the Secular Bull
46:30 – Silver’s Volatility and What It Signals
51:00 – Final Lesson Stability Hard Work and Humility
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WHERE TO FIND STEVE HANKE
Twitter: https://x.com/steve_hanke?lang=en
Website: https://mises.org/
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