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If you need me that was to -- the message from Ben Bernanke this morning in Jackson Hole and John -- this figure economic consultant Europe Pacific.
Capital group joins us today from Boynton beach Florida it's really reiterating a previous message -- basically what he's been saying.
Tom I'll help you out if I can more stimulus if needed what do make of it.
Well of course politicians -- -- central bankers are are drunk.
On that on the heroin read a -- -- continually.
Producing synthetic money.
Which in town finance is synthetic growth and lots of political votes.
And that is the keynesian way of politicians staying in pot and that is what they want but what is effectively is is robbing citizens in the end.
We cupid nothing goes just continually out -- -- have a and -- the -- of physics and told my story history.
There's bound to be corrections as you get out of -- a correction.
Eight -- if you have an output -- you get really steep you have a correction.
They weren't allowed the natural -- directions to happen right what they have building for the future -- is a massive crash I think people have been taken Conseco crisis.
I think people that have your point of view run into the problem in that kind of trying to make the case that.
We won't believe it until we see it almost it's almost like kinda doubting Thomas syndrome and we've gone through these years where -- the stock markets going up or thirteen one of the -- today -- 440 points to six month John.
But you're saying massive crash -- Well I mean it's very interesting he would do raise -- message to inclined but there's an older voters is in central bankers -- -- -- -- -- What -- the Central Bank is still -- that the biggest -- of go to in the World Cup and then massive net buyer has not say they -- telling everybody -- citizens don't have to worry about gold goes nothing does not think.
-- you just take got paid but what are they doing that buying massive amount of gold net buyers -- two month strike.
-- I'm glad you brought up gold because she had -- the gold standard something you've talked about it.
A lot what back into the mainstream to some degree this week when it it was talked about in the Republican convention the party platform.
You really believe that there's a realistic possibility.
And that numbers -- not asking you do you think we should go back to the gold standard not having that debate today did you think this really.
Political possibility of the United States that we would revert back to something like that modern debt.
Well -- John CO question -- I have to say.
I define their three goes down there's there's the full bullion standard way you have gold bullion and go -- -- busy exchange standard way UN not paper convertible into -- road we citizens.
And there's a -- standard.
Which allows -- ability of paper into bullion but -- for central banks which we had some Bretton Woods in 1945 until August of ninety's MD one.
And that standard I think could come back and I was the pre Nixon the one that Nixon broke.
I think it could come because that could be in the interest of nations not in the interest of individuals -- the citizens the voters but that the bank has it could come back and that one I would see.
There is a possibility that coming back but -- -- the Fed is how'd they get into allied they the thing is so bad negative fight -- -- it.
It's a debate -- -- to hear about.
No they -- I didn't want it we've been having an and and -- people like you've been.
Speaking about it enthusiastically and others have been writing you off but now more people or at least having the discussion which will continue to have we'll have you back and and debated go back and forth but for today John thank you very much as always -- peacock and John --
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