In this episode we welcome back Mike Kendall to discuss a whole range of topics related to the state of the world, global macro, gold, central banking and more.

We also take a deeper look at Jude Wanniski's supply side model particularly in terms of the vision of reality that shapes the very foundation of every person's economic model.

Mike also takes us through a deeper look at the the balance sheet of the US Federal Reserve and its implications for the price of gold and the world economy.