CapTrader Interview with Dr. Thorsten Polleit: Insights from Degussa's Chief Economist at the German Gold Fair
Chief economist of Degussa Goldhandel, Dr. Thorsten Polleit, in an interview with CapTrader at the German Gold Fair about gold, gold-backed money, fiat currencies, cryptocurrencies, inflation, interest rates and zero interest rates, shares and gold as a hedge against inflation. As one of the most prominent representatives of the Austrian school in Germany, Mr. Polleit talks about the resilience of our economic system and much more.
Dr. Polleit's presentation at the German Gold Fair in Frankfurt:
https://www.youtube.com/watch?v=KS-UoSsmscU&t
Contents of the video include
00:00:00 Intro & Welcome
00:00:11 Covered Money & Alternatives
00:02:12 Opportunity costs for the "average citizen"
00:04:31 Cryptocurrencies: Just speculation or a means of payment?
00:06:52 Revolution of the monetary system: Why invest in gold instead of stocks?
00:09:07 Is gold freedom for Dr. Thorsten Polleit?
00:10:35 State intervention: the path to less socialism
00:12:46 Cantillon effect as proof of an unfair monetary system?
00:14:49 One thing is certain, inflation
00:15:50 Zero interest rates & their consequences: A driver of dumbing down?
00:17:53 How resilient is the system?
00:20:08 "Sinicization" and conditions in Turkey
00:23:29 Inflation tends to rise further
00:24:24 Will interest rates make a comeback?
00:25:03 Print more money and spend more money
00:26:44 Printing money to replace the tax?
00:27:42 Mining stocks serve to protect against inflation
00:29:35 Reallocate non-interest-bearing current account balance
00:30:27 Farewell
00:30:34 Exclusive new customer promotion
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