James Turk - The Fed will become technically insolvent with a rate hike

In this episode Paul Buitink and Tuur Demeester talk with gold veteran James Turk about the prospects of the Fed raising interest rates and the way in this will happen exactly. James thinks it won't happen. And next year will be difficult too because it's an election year. The Fed can't hike rates anyway says James because it would render them insolvent on a marked-to-market basis. Also the Treasury can't pay higher interest rates. We also talk about the consequences for gold and bitcoin and James explains how his company bitgold (now merged with GoldMoney) can make it easy to buy, store and pay with gold. Tuur goes into how to best position for the upcoming rally in bitcoin. Paul highlights the new initiative he's working on, a full reserve bank called depositobank. More info on above initiatives:
https://www.bitgold.com/
http://adamantresearch.com/
https://www.depositobank.nl/

Видео James Turk - The Fed will become technically insolvent with a rate hike канала Reinvent Money