Paul McCulley: Fed’s Monopoly Power Over The Creation Of Money

0
Paul McCulley: Fed’s Monopoly Power Over The Creation Of Money
Image source: YouTube Video Screenshot

Former PIMCO strategist, portfolio manager, and Chief Economist Paul McCulley warned about the credit bubble years before it burst.

Paul McCulley: Fed’s Monopoly Power Over The Creation Of Money

Get The Full Ray Dalio Series in PDF

Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Q4 hedge fund letters, conference, scoops etc

As Hedge Funds Dive Into Private Equity, Tiger Global Leads The Way

Screenshot 2021 09 16 15.33.10Assets in private equity and venture capital strategies have seen significant growth in recent years. In comparison, assets in the hedge fund industry have experienced slowing growth rates. Q2 2021 hedge fund letters, conferences and more Over the six years to the end of 2020, hedge fund assets increased at a compound annual growth rate Read More

Transcript

This week on wealth track a rare interview with prescient financial thought leader Paul McColley who warned of the forces leading to the Great Recession. What does he see building in the economy today.

They have government granted monopoly power over the creation of money from thin air. If I wanted to do it or you wanted to do it or anybody else wanted to do it, It's called counterfeiting and has a crime. Where it is the Fed's job. They're the only people who have the right to do it. That makes you powerful. If you have monopoly power over the creation of money.

Look for it this week on your local public television station and on WealthTrack.com.

Updated on

Previous article Jamie Dimon On Community College, Jobs, Tariffs And Politics
Next article Compound Your Capital
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

No posts to display