Stansberry Investor Hour host Porter Stansberry interviewed media mogul Steve Forbes, who is the CEO of Forbes Media and the editor-in-chief of Forbes Magazine. They discussed why some Americans have lost the passion for free markets, what's happening on college campuses, and the enormous gap between productivity and stagnant wages.
“After one year under President Trump, we’ve had some real moves on deregulation, whether it’s at the Food and Drug Administration, the EPA, education, energy, and we’ve got a tax bill – not perfect by my likes, but a good step in the right direction… good judges being appointed,” Forbes said. “We have to move on these reforms. These upcoming elections in November are going to be so important.”
Forbes demystified the real relationship between gold and fiat paper currencies and explained how interest rate manipulation distorts financial markets. He’s anti-Fed and wants them out of the country’s affairs.
“The quicker the Fed can be pushed to get out of the interest rate game, the better,” Forbes said. “The idea that the Federal Reserve can guide this economy by manipulating the interest rates is so preposterous. Central Planning does not work, whether the Soviet Union, Maoist China, or central banks today. The only question is how much harm they will do.”
Forbes touched on the rise of cryptocurrencies as a response to people being fed up by currency manipulation by central banks. He believes once there’s stability to cryptos, they will be adopted on a mass scale.
“You would never take on a lease with bitcoin,” Forbes said. “Money was not invented by government. It was invented by people in the marketplace looking for a way to make it easier to buy and sell with each other.”
Forbes twice ran as a candidate for the nomination of the Republican Party for President of the United States in the 1996 and 2000 Presidential primaries.
Listen to the episode with Steve Forbes at https://youtu.be/TH7FITa9B9Q
About Stansberry Investor Hour
From business, investing and politics to entertainment and social issues, the Stansberry Investor Hour with Porter Stansberry and Buck Sexton offers candid, intelligent, and entertaining takes on today's most important headlines… inviting a variety of insightful guests to join the conversation. It is becoming a required stop for politicians, the media, and financial and economic experts. The show has been host to a wide variety of prominent names from all sides of the spectrum and has a global audience in more than 100 countries. It is ranked highly in the Investing section of iTunes. New episodes release every week.
Stansberry Investor Hour podcasts can be accessed at http://www.investorhour.com
The latest episode with Steve Forbes can be heard at https://youtu.be/TH7FITa9B9Q
About Stansberry Research
Stansberry Investor Hour is a part of Stansberry Research – a subscription-based publisher of financial information and software, serving millions of investors around the world.
To learn more about Stansberry Research, visit www.stansberryresearch.com
About Porter Stansberry
Porter Stansberry founded Stansberry Research in 1999 with the firm's flagship newsletter, Stansberry's Investment Advisory.
Prior to launching Stansberry Research, Porter was the first American editor of the Fleet Street Letter, the world's oldest English-language financial newsletter.
Today, Porter is well-known for doing some of the most important – and often controversial – work in the financial advisory business. Since he launched Stansberry's Investment Advisory, his string of accurate forecasts has made his advisory one of the most widely read in the world and has helped his readers both avoid catastrophe and make incredible gains.
For example, his dead-on prediction of the mortgage meltdown got the attention of Barron's, who said Porter's work was "remarkably prescient... Nothing, as far as we can see, has happened to contradict his dire prophecy..."
At Stansberry Research, Porter oversees more than a dozen of the best editors and analysts in the business, who do an exhaustive amount of real-world, independent research. Together, his group has visited hundreds of publicly traded companies to bring Stansberry Research subscribers the safest, most profitable investment ideas in the world, no matter what’s happening in the markets.
About Buck Sexton
Buck Sexton is host of the nationally syndicated talk radio program, Buck Sexton with America Now, heard on over 100 stations across the country.
Buck is a political commentator and national security analyst who appears frequently on the Fox News Channel and CNN. Buck has also had the distinction of being a guest host for Rush Limbaugh, Glenn Beck and Sean Hannity on their nationally syndicated radio shows, and is the only talent to have hosted all three shows.
Buck formerly served as a CIA officer in the Counterterrorism Center (CTC) and the Office of Iraq Analysis. He completed tours of duty as an intelligence officer in Iraq and Afghanistan, as well as other hotspots around the globe, and led intelligence briefings for senior U.S. officials including the president. Buck also served in the New York Police Department (NYPD) Intelligence Division working on counterterrorism issues.
A graduate of Amherst College, Buck was born and raised in New York City, where he currently resides.
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