Sam Zell Says He Bought Gold, Gold Stocks in Last Year

The speaker shares their experience of investing in gold, both stocks and physical gold, due to concerns about fiat currencies. They reflect on the historical gold standard and the lack of discipline in current monetary systems since its removal. The discussion highlights the strong banking system post-Great Recession but points out weaknesses in the overall economic system, emphasizing potential risks the Federal Reserve may face in maintaining control.

What was the condition of the banking system during the Great Recession according to the speaker?

What does the speaker identify as a significant issue with the current economic system?