Jason talks about a new Noah Smith article from Friday about zero interest rate policy (ZIRP) for the US for forever to avert national bankruptcy. But doesn't #Japanification of an economy actually bankrupt savers and steal from them as a stealth tax? Will the US federal government be able to get away with interest rate manipulation aka #FinancialRepression for forever or will something change that? Daniel LaCalle thinks that ZIRP for forever will not happen. Here's his recent Mises article about it: https://mises.org/wire/central-banks-are-heading-toward-stagnant-global-zombie-economy Sources Mentioned In This Podcast: 1) Noah Smith article: U.S. Is Heading to a Future of Zero Interest Rates Forever https://www.bloomberg.com/opinion/articles/2019-06-27/u-s-s-rising-debt-might-require-return-to-zero-interest-rates 2) Zero Coupon Bond Definition: https://www.investopedia.com/terms/z/zero-couponbond.asp 3) LIBOR Now Inverted: "Rate-Cuts Aren't Going To Be Insurance; They Are The Alarm Bells" https://www.zerohedge.com/news/2019-06-26/libor-now-inverted-rate-cuts-arent-going-be-insurance-they-are-alarm-bells 4) Carmen Reinhart: Financial Repression Requires a Captive Audience https://mcalvanyweeklycommentary.com/carmenreinhart/ Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 51 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**