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Marin Katusa moderates a fascinating discussion on Gold vs Oil vs the Dollar. With huge deficits in the US, will the US dollar weaken in the years ahead and where will the price of gold and oil go in 2019? Panel members include Peter Schiff (Euro Pacific Capital), Brent Johnson (Santiago Capital), Erik Townsend (MacroVoices.com), Rex Murphy (CBC, National Post), and Timothy Sykes (TLC Media LLC).

Poster Comment:

For the real scoop on the economy https://en.wikipedia.org/wiki/Kondratiev_wave

Nikolai Kondratiev was a Soviet economist. He predicted the U.S. capitalist system (mid-30s) would recover in time. When it did, Stalin had him sentenced to hard labor. The sentence was later changed to death.

Of course the Great Depression was caused by the Federal Reserve contracting the money supply.

My mother told me that during the depression they all got coal in their stockings at Christmas since the family had no money.