Rudy Havenstein is a senior market commentator and former Reichsbank President who currently runs a Twitter parody account where he documents what's going on in the world of finance and educates people on related topics. He is inspired by the s…
Rudy Havenstein is a senior market commentator and former Reichsbank President who currently runs a Twitter parody account where he documents what's going on in the world of finance and educates people on related topics. He is inspired by the similarity between the issues of his time and the issues of today, such as inflation, and hopes to warn people about the dangers of fiat money.
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Havenstein believes that this generation is like a group of grandparents taking the whole family out to dinner and skipping out on the bill. He quotes Thomas Paine, who said, "If there must be trouble, let it be in my day, that my children may have peace," to emphasize the need to address and resolve issues now for the sake of future generations.
Havenstein discusses the difficulty of having civil discussions about polarizing topics, as people tend to become overly emotional and divided over even small issues. He calls for logical and calm discussions and warns against the influence of cable news and clickbait in pushing people to extreme viewpoints.
He criticizes the current administration for picking the wrong people for positions, regardless of party affiliation, and emphasizes the importance of being aware of tribal emotions and discussing issues in a meaningful way.
He discusses how quantitative easing (QE) and low interest rates benefit asset owners and the wealthy while leaving the average person vulnerable to price volatility. He expresses concern about the decline of the middle class into poverty and the reckless spending of the government.
Havenstein believes that the Federal Reserve has an abysmal track record as a big bank regulator and blames Congress for not thinking about the long-term consequences of their actions. He also expresses concern about the potential for deflation and the unchecked money pr..
