Boom Bust Season 1 Episode 58 Paul Craig Roberts On the US Economy and Paper Versus Physical Gold

On season 1 episode 58 of "Boom Bust," former US Assistant Secretary of the Treasury under Ronald Reagan, Paul Craig Roberts, discusses his outlook on the US economy and the role of physical gold in a time of economic uncertainty.

Roberts expresses his concerns over the current state of the US economy, citing the country's high debt levels and lack of manufacturing jobs as major issues. He also questions the Federal Reserve's monetary policies and its ability to stimulate the economy.

When asked about the role of gold in the current economic climate, Roberts emphasizes the importance of physical gold over paper gold. He argues that investors should be wary of investing in exchange-traded funds (ETFs) or other paper gold products, as they may not actually hold physical gold. Instead, he advises investors to purchase physical gold coins or bars as a means of protecting their wealth in the event of economic instability.

The discussion also touches on the global economy, with Roberts weighing in on the ongoing trade tensions between the US and China. He believes that the US is at a disadvantage in these negotiations and that the trade war is ultimately damaging to both countries.

Throughout the episode, Roberts emphasizes the importance of understanding the complexities of the global economy and being prepared for potential economic downturns. He encourages viewers to do their own research and make informed decisions about their investments.

Overall, episode 58 of "Boom Bust" offers a thought-provoking discussion on the current state of the US economy and the role of gold in protecting one's wealth.