ALERT: It's Worse Than The 1980's Recession

ALERT: It's Worse Than The 1980's Recession https://youtu.be/gqdI6zxH9CI ALERT: It's Worse Than The 1980's Recession ► Special thanks to: Rick Rule and Stansberry Research https://www.youtube.com/user/StansberryMedia I don't think that he or anybody else has the ability to fine tune the economy to the extent that he would like to believe he does, or at least to the extent that he pretends to be able to understand that the circumstance that confronts us now, Daniela, was at least 20 years in the making, and it's not going to be two weeks in the fixing that, you'll recall. Or maybe you won't. You're probably too young. But many of your listeners will recall that when we decided to cure the inflation problem at the end of the 1970s, that the method that we used, which is to say very, very, very high interest rates, real interest rates worked with regards to the inflation, but they reached real havoc with some individual voters, taxpayers and savers. The recession that was engendered in 1982, 1983, 1984 and part of 1985 was truly one for the record books with double digit unemployment, lots of home foreclosures, things like that. That would work again if we had the courage to do it. The only thing that I have caution about and I have a big caution is that we had more tools available to us then in the sense that government debt as a percentage of GDP was much, much, much lower. The ability that we have to stick, handle the circumstance with federal government debt at 125% of GDP and a much, much, much higher reliance on government with regards to all aspects of the economy than we had then makes me wonder if we have the tools available to us to combat inflation. It sounds like you think we don't. I'm not an economist. I am, in fact, a lender. I'm a credit analyst to me. Uh, a healthy balance sheet and a healthy income statement are prerequisites for a healthy economy. And we have neither. Uh, on the one hand, between on balance sheet and off balance sheet liabilities at the federal level, we owe each other. That's a polite phrase about $150 trillion. Tyler Investing