Temporary Default = The Whole System Collapse? | Rafi Farber
Liberty and Finance: 5-16-2023
Rafi Farber joins us to discuss the debt ceiling. He says if a U.S. defaults – even a temporary one – would jeopardize the whole system.
The system is so fragile that any of a number of things could take it down, he says.
What new monetary system would rise out of the ashes of the current system?
Farber discusses how a gold-based system would work and why it’s likely the world will return to the yellow metal.
INTERVIEW TIMELINE:
0:00 Intro
0:15 Rafi Farber
1:00 Debt ceiling
7:11 Red vs Blue
8:30 Banking crisis
10:00 Withdrawal restrictions
17:19 Fed rate hike
23:16 Central banks & gold
25:44 Gold revaluation
31:00 Gold-based system
33:30 CBDCs & Florida
36:00 The End Game Investor
