Central Banks Will Push Gold Higher in 2020 + Impossible IMF Debt

Max and Stacy discuss the many root causes of the frequent economic and monetary crises in Argentina. In the second half, Max continues his interview with Nick Giambruno of CaseyResearch.com about the economy of Argentina. They also discuss his recent piece arguing that central banks will push gold prices higher in 2020 as they continue to take physical delivery of the precious metal with record demand.

 

Max and Stacy discuss the pile of impossible to pay IMF debts left behind by the Macri administration. They also look at Trump’s bizarre tariffs on Argentina for an allegedly intentional ‘currency devaluation,’ despite the fact that the government of Argentina blew through $22 billion trying to support the peso.

In the second half, Max interviews Nick Giambruno of CaseyResearch.com about the relative calm in Buenos Aires among the population despite the ongoing currency and debt crisis. Nick says the population is used to such a crisis every decade and, so, they are anti-fragile and prepared.