… say March, April, maybe May, and stabilized the smooth operation of the gilt market and then they moved away. The Fed continued buying for years afterwards. And I believe that That's one of the things that got us the great inflation 22 and 23. I wanted to touch on gold. The US has a lot of gold, but it's valued at a price that is long since outdated. $42 an ounce and we're currently at 5,000 plus. (35:26–35:32)
CLAIM
Asserts that prolonged Federal Reserve asset purchases contributed to inflation in 2022 and 2023.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
