Euro to Rise as ECB Has `Less Weapons' Than Fed, Algebris Says

The video discusses the ongoing currency war among central banks, highlighting the challenges they face in using currency to solve economic problems. The ECB, Fed, and Bank of England are compared in terms of their strategies and limitations. The video also explores investment strategies to protect against currency debasement, emphasizing real assets like gold and real estate as viable options in an inflationary environment.

What role does gold play in the current investment strategy discussed in the text?

What are the implications of inflation being higher than the nominal return of government bonds?