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Ronald-Peter Stöeferle: Systemic Shocks will Lead to a Loss of Trust in Central Banking (Audio)
Ronald discusses their annual report “In Gold We Trust” which is due out in May and how last year’s report focused on the coming breakdown of trust in society. This year that erosion in trust may spill over into central banking.
Multiple systemic shocks are now occurring, including a global demand crisis, deflationary reactions in assets, a global supply crisis, an oil collapse, a rising U.S. dollar, and credit shocks. The worst may be priced into the market, and as a result, things could quickly become positive again after Easter.
Courtesy of Palisade Radio
Posted March 24, 2020
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