#406 Chris Whalen Answers Your Questions on Gold, the Fed, and Retirement Risk
About this episode
Chris Whalen discusses various financial topics including gold, the Federal Reserve, and retirement risks in response to viewer questions.
In part two of the all-viewer-question edition of The Wrap, Chris Whalen and Julia tackle everything from gold confiscation to credit union safety. Chris argues that a 1933-style seizure is possible in a debt crisis, since heavy government borrowing effectively encumbers every asset in the country, and that offshore physical gold is the only real protection. He explains why rising gold prices pressure the Treasury and gradually erode the dollar's role as the world's medium of exchange, drawing parallels to the monetary fragmentation of post-Roman Europe that he's been researching for his upcoming book. Along the way he critiques Jerome Powell for extending QE long after credit spreads normalized in 2020, pushes back on fears of a boomer-driven market selloff, breaks down how Annaly Capital actually makes money, flags private-credit takeovers of insurance companies as a genuine risk to annuity holders, and shares his own portfolio split. He closes with thoughts on land value taxes, the likelihood of a US VAT, and life in Florida versus New York. Thank you to our sponsor, Monetary Metals. Learn more at https://www.monetary-metals.com/THEWRAP/ Links: The Institutional Risk Analyst…
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