65% chance of recession as inflation heats up to 8.6% – Steve Hanke

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The rising cost of living rate is currently at 8.6 percent, the highest it has actually been in 40 years.

Steve Hanke signs up with Kitco Information to explain why inflation is not disappearing, and also why the Federal Reserve will likely create an economic crisis. He consulted with David Lin, Support as well as Producer at Kitco Information.

The Gold View Report:

Comply With David Lin on Twitter: @davidlin_TV ()
Comply With Kitco News on Twitter: @KitcoNewsNOW ()
Follow Steve Hanke on Twitter: @steve_hanke ()

0:00 – Economic downturn projections
7:33 – What the Fed needs to do
10:03 – Soft touchdown
13:08 – Economic crisis extent
14:33 – Rising cost of living and cash supply
20:50 – Gold

#recession #inflation #gold
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