Ex-Citi Chief Economist on Gold, Bitcoin and the Debasement of the US Dollar - Ep. 935
Description
Gold may have history, but does it have a future?
Former Citi Chief Economist Willem Buiter joins Unchained Executive Editor Steve Ehrlich to argue that gold’s “6,000-year bubble” is long overdue to burst.
He explains why he thinks central banks should dump their bullion, why Bitcoin isn’t a reliable store of value, and why fully backed stablecoins and central-bank digital currencies could define the next era of money.
He also touches on Trump’s influence on the Fed, tokenized deposits and the future of stablecoins.
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Guest:
Willem Buiter, Independent Economic Advisor, Previously Global Chief Economist at Citigroup
Timestamps:
💰 0:00 Introduction
🏺 0:28 Is gold really in a 6,000-year bubble?
🫧 4:33 Why Willem says some bubbles can last forever
💵 7:16 What to make of the dollar’s debasement and why other currencies aren’t better
🚫 11:56 Why Willem doesn’t believe in Bitcoin as a store of value
🪙 16:32 Why he says fully backed stablecoins could define the future of money
🏦 19:10 Are tokenized deposits a breakthrough or a threat to the monetary system?
🌐 22:36 Why Willem supports central bank digital currencies
🔢 27:51 Will the world end up with hundreds of stablecoins?
📊 31:23 Is the Fed quietly shifting its inflation target to 3%?
⚖️ 33:57 How Trump’s pressure could undermine Fed independence
🚀 37:39 Why Willem is bullish on tokenized assets
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