A lot of what he says is correct. Particularly the housing bubble, central banks and debt.
But then his solutions are ridiculous.
He wants the govt to do a helicopter drop of money into the private sector.
Does he not realise all that will do is shift private debt into public hands leaving tax payers to foot the bill, or as he says the govt can just print money. Which devalues the currency.
He is clueless for investment ideas. Just ask him.
He calls gold 'speculative' but then goes on to say people should invest in bonds because the govt is backing them and can always print money.
The only time he mentions gold is if you prompt him. Despite his whole hypothesis based on central banks, that hold godl.
For what, 'tradition' as Ben Bernanke believes?
