Exclusive Interview with Dr. Henry Kaufman about the Economy, Interest Rates, Cryptocurrency, Inflation, & the Loss of Capitalism

by Fred Fuld III

The following informative interview was provided by Dr. Henry Kaufman, former economist at the Federal Reserve Bank of New York who later became a senior partner, managing director, chief economist, and director of research at Salomon Brothers, the most profitable investment bank in the world at the time. He was a frequent guest on Wall Street Week with Louis Rukeyser.

Dr. Kaufman’s Latest Book

His latest book, The Day the Markets Roared: How a 1982 Forecast Sparked a Global Bull Market provides the reader with the background of how the author predicted and sparked one of the biggest bull markets in history, and how the past can give insight into the future. It will be released on April 6, but can be preordered now. You can find more details about the book on a previous post.

We cover a lot in this concise interview, including:

  • The Economy
  • Interest Rates
  • Cryptocurrency
  • Gold
  • Inflation
  • National Debt and Deficit
  • Credit Quality
  • The Movement of the US Away from Capitalism and towards Statism

The Dr. Kaufman Interview

Enjoy listening to the great insights and information that Dr. Kaufman provides.

To stream the interview, click:

HERE

You can also download the interview as an mp3 by right-clicking here and choosing “save as.”

Other Books by Dr. Henry Kaufman

On Money and Markets

Tectonic Shifts in Financial Markets

The Road to Financial Reformation

Interest Rates, the Markets, and the New Financial World

Enjoy the interview, enjoy his latest book, and Happy Investing!

 

All opinions are those of Dr. Henry Kaufman, and do not represent the opinions of this site or the interviewer. Neither this site, nor the interviewer, nor the interviewee are rendering tax, legal, or investment advice in this interview.

 

 

 

 

 

 

Earnings may be generated from qualifying purchases of books from Amazon Associate affiliate links on this page.

The US Government is $27.7 Trillion in Debt

In case you were wondering how much debt the United States Government has, the US National Debt is currently $27,757,050,324,231. Wait, now it’s $27,757,053,878,734. Wait, now it’s … Well you get the picture.

This works out to $222,190 per taxpayer.

The official US Federal Budget Deficit is $3,189,077,654,398 and counting. But the Actual US Federal Budget Deficit is $4,416,873,096,231 and counting.

If you want to keep up to the second with this information, you should s=check out the US Debt clock.

Who Owns the Treasury Securities that Make Up the National Debt?

If you ever wondered who owns the U.S. Treasury bonds, notes and bills that are loans to the United States Government, here is a list with a rough estimate of the amounts that the U.S. owes.

  • US Investors $6,890 billion
  • US Government $5,730 billion
  • Federal Reserve $2,380 billion
  • Japan $1,261 billion
  • China $1074 billion
  • United Kingdom $446 billion
  • Ireland $330 billion
  • Luxembourg $267 billion
  • Hong Kong $266 billion
  • Brazil $264 billion

The rest includes many other countries, such as Switzerland, Cayman Islands, Belgium, India, France, Saudi Arabia, etc.