Ex-Citi Chief Economist on Gold, Bitcoin and the Debasement of the US Dollar - Ep. 935

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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