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Subprime, Health Care, Precious Metals and Bubbles

Listeners’ Questions, Peter’s Answers Audio- June 07, 2012

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Professor Dino from Malaysia
The spike of the subprime related problems was spread out by the QE’s, maybe for 20-30 years into the future. If the situation in America does not devolve into total anarchy with food riots, etc…do you think that the other likely scenario would be a long drawn out recession/hyper-inflation?

Max from Toronto, Ontario
One thing I’m often attacked upon is the principle of socialized Health Care in Canada versus the Private Health Care of the U.S.A. People often say “If someone is dying and can’t afford health care, you would just let them die?” Is there any advice that you could give me to counter this argument, or understand how capitalism counters this?

Brian from Kuszmar, FL
Can you explain the correlation of problems in Europe with falling prices in precious metals?

Shane from Cedar City, UT
You always say that interest rates have to eventually rise. But can’t the Fed just keep buying the excess bonds for as long as they want and keep the rates as low as they want as long as they want?

Vitaliy from Montclair, NJ
When I discuss the present currency-bond bubble with my wife, she often says not to attribute to malice what can be attributed to stupidity. I, however, reverse that, and say never to attribute to stupidity what probably is malice. In your opinion, is the government that dumb, or are they following some plan to make a killing on the currency collapse?