#152 Brian Hirschmann: This Is Probably The Most Dangerous Time In US Financial History

Value investor Brian Hirschmann, managing partner of hedge fund Hirschmann Capital, makes his debut on episode 152 of The Julia La Roche Show. In this episode, Hirschmann argues that we're currently in the most dangerous time in financial history and that three bubbles—stocks, real estate, and global bonds—could all burst. Hirschmann also makes the case that we'll likely see more persistent inflation in the future, given the massive deficits and debt burden. He argues that the price of gold could soar to $7,000. For investments, he favors gold miners and exposure to international equities. Links: https://www.hcapital.llc/ 00:00 Introduction and Macro View of the Economy 00:43 Dangerous Time in US Financial History 03:08 Consequences of Crisis Suppression Policy 04:35 US Equity and Real Estate Bubbles 06:27 Government Debt Problem 08:20 Global Government Debt Crisis 09:47 Government Debt Crisis and Private Sector Recession 11:03 Gold's Performance and Market Environment 13:13 Factors Affecting Gold's Valuation 19:36 Fed Policy and Fiscal Dominance 23:39 Impact of Fiscal Dominance on Gold 27:26 Investing in Gold Mining Companies 31:53 Impact of Bubbles Bursting 35:36 Potential Impacts of Recession 40:10 Likelihood of Recession 44:21 Closing Remarks