Mike talks about the velocity of money and how it was discussed in his newly released Episode #7 of his popular Hidden Secrets of Money video series. Mike says negative interest rates are one way central bankers are trying to get people to stop saving and to spend more.
Mike talks about deflation and how baby boomers are trying to pay down debt and will probably have to sell assets to fund their retirement.
Jason then asks Mike about if the Federal Reserve will continue to lobby for permission from Congress to start buying stocks. Mike says there will be basically nothing to stop them from doing so in the future and Mike points to Ben Bernanke's 2002 Helicopter Money speech.
Jason and Mike discuss what deflation would mean for asset prices and the global economy and how if oil prices went below $29/barrel to say $10/
- Source, Wall St
for Main St