#24: Fred Hickey On Trusting In Your Own Research And Experience
Superinvestors and the Art of Worldly Wisdom
The Problem With Money Printing
Central bankers think they've had a great success because they pulled this out of that 2009 recession and the financial crisis. The US Americans wealth has gone from 54 trillion low in 2009 to over $100 trillion today. And it's also created another bubble, a third bubble here. We had 2000 bubble with it. Here we are again. And unfortunately, they've learned no lessons. When the coming recession occurs, they'll be printing money at an even more rapid rate than they did before," he says.
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