The Gold Standard Has Never Worked

The gold standard has never worked it's worked for short periods of time but what happens is and you go back into history you see that the goals that God what reason it never works is because it's a great discipline you have to do you have to run a sound economy and politicians don't like sound discipline so what happens is they always change it.

Central Banks Will Ruin Us All

They actually think they're doing the right thing. In their off moments when they are not being recorded they will admit "Oh gosh, it's an experiment, we have no idea if this is good" but the reason is because they messed up so many places so many times they don't know what they're doing and in the end they're gonna ruin us all. They this is more or less their last experiment, their last gasp, because when this ends it's gonna be very very bad.

When The Bull Market Ends, It Will End Badly

US stocks are at a ten-year high and we had have no bear markets. That the longest bull market in the history of the world. Maybe it's gonna go for 20 years, I don't know. I'm not smart enough but I know when it ends it's going to end very badly.

U.S. Economy: Trade Wars, Lack Of Competitiveness

Trade wars have never worked for anybody, they've always led to problems for everybody so it doesn't matter if he's right if he's gonna ruin us all. Yes, maybe we have problems but the problems are not because the Asians are evil. We have a horrible education system, we have a horrible litigation system. We spend more on medicine than anybody in the world by several factors but our life expectancy is not even the top 25. We have more basic problems than a bunch of evil Asians.

Markets: Washington Is The Big Risk Right Now

Washington DC's the greatest risk. The central bank  (the Federal Reserve) has no clue what it's doing and the others are following it. The government has no clue what it's doing... Trade wars. Do you think trade wars are good for anybody? History shows they're not so. Washington is the big risk right now.

If You Want To Get Rich You Don't Diversify

If you want to get rich you don't diversify. You put all your eggs in one basket and then you watch the basket very carefully. You got to make sure it's the right basket or you will go bankrupt but that's how you get rich. Henry Ford never diversified, Bill Gates never diversified.

The US Dollar Is Going To Lose Its Position As The World’s Reserve Currency

In the next few years, the American dollar is going to lose its position as the world’s reserve currency and the world’s medium of exchange.