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What’s Wrong with Modern Monetary Theory? - Weekly Wrap-Up (December 13, 2019)

Head Shot of Eric Sprott Weekly Wrap Up

December 13, 2019

It’s Friday the 13th, and Eric Sprott returns to break down all of the “weird” volatility in the precious metals market. In another supersized edition of the Weekly Wrap-Up, Eric and host Craig Hemke discuss all the gold and silver news you need, including:

  • Why every news event is “bad for gold”
  • The problem with Modern Monetary Theory.
  • Plus: When will the generalists take notice of the sector?

“Lo and behold, [the Fed] will have increased their balance sheet by $500 billion! So, this would more than offset anything that they bought back when they had their tightening program and put as at new highs in the Fed balance sheet…in supposedly good times! These are the good times. Let’s not forget that. Everything’s ‘wonderful’! The economy’s ‘good’. Inflation is ‘low’. The Fed’s balance sheet? Record high! And I’ll take you back to whenever QE started: ‘Now, it’s only going to be temporary. We’ll normalize things again.’ … Well, here we are, now we’re going to have a record high balance sheet and we have normalized nothing.”

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About Sprott Money

Specializing in the sale of bullion, bullion storage and precious metals registered investments, there’s a reason Sprott Money is called “The Most Trusted Name in Precious Metals”.

Since 2008, our customers have trusted us to provide guidance, education, and superior customer service as we help build their holdings in precious metals—no matter the size of the portfolio. Chairman, Eric Sprott, and President, Larisa Sprott, are proud to head up one of the most well-known and reputable precious metal firms in North America. Learn more about Sprott Money.

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Head shot of Craig Hemke

About the Author

Our Ask The Expert interviewer Craig Hemke began his career in financial services in 1990 but retired in 2008 to focus on family and entrepreneurial opportunities.

Since 2010, he has been the editor and publisher of the TF Metals Report found at TFMetalsReport.com, an online community for precious metal investors.

*The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.