Fed Broke Another Central Bank, Global Sovereign Debt Crisis & Financial Turmoil Coming – Ed Dowd
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Edward Dowd, Founding Partner of Phinance Technologies, who warns that the Federal Reserve finally broke something as interest rates remained at 23-year highs for over a year. Dowd explains that during this rate-hike cycle, what ended up breaking was another central bank – the Bank of Japan. He outlines the consequences of this and says the clock has started counting down towards a global debt crisis. Dowd shares his macro outlook while also weighing in on geopolitical tensions and potentially identifying the next ‘Black Swan’ event. He also gives his outlook on banking, projecting more stress and consolidation in the sector. Dowd warns of a scenario that could open the door to a central bank digital currency (CBDC). He also speaks about U.S. elections, the U.S. dollar, Bitcoin and gold.
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#Fed #economy #debt #crisis
00:00 Coming Up
01:49 Introduction: The Fed Finally Broke Something
04:01 Fed’s Actions and Economic Indicators
06:09 Global Debt Crisis and Japan
09:24 Yen Carry Trade
14:60 Geopolitical Tensions and Economic Implications
23:59 Banking Sector Outlook and CBDC Concerns
29:48 CBDCs
36:55 Macro Outlook
44:14 The Future of the Dollar and De-dollarization
51:11 U.S. Elections
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21 Comments
How can any reasonable thinker believe that the “tensions” in the Middle East will end in anything other than an all out war? Have you read the Bible?
This has been said each year since 2008 and the economy keeps on trucking.
You guys are the best prognosticators, you've effectively predicted 8 of the last 3 recessions.
FED = Federal Economic Dummmiesss
Because no one would believe a democrat wiukd really be againstCDBC
Print baby print!
Hi Michelle, if I buy $1000 worth of bitcoin or just $1000 go at the end of the road. I think I’d rather keep the thousand dollars that way I could buy a diet root beer. I think the dark web currency will be a calamity, like the rest of the calamities going on.
Yup 😂😂😂😂 it's going to hurt the Americans really BIG time.
Warren Buffett is too old.
That guy makes really good sense👍
… don’t like the crap Bitcoin (gambling) push though🙄
Quit talking about Warren Buffet – Please!!!!
Whenever you mention kovide you need to precede it with the word scam and that's the same with the cliymate SCAM
GUILTY 📿
It is going to get so bad, for so many. I feel for all who are hurting. I pray all those responsible go to jail!!!!
As if 6-8 banks would make a difference. That handful of ALREADY control everything through the "fed", vanguard/Blackrock, VISA etc… And still people are unable to see the tyranny of the Rothschild-cartel.
Just take a look at the National debt clock scary and overwhelming. I fear for our young families and grandchildren. The baby boomers have robbed them of an equally prosperous life.
Already you have 19 of the G20 involved in issuing some studies of cbdc…
They will drag America screaming into it….
Unless your Country can stand on its own 2 feet.
So how are you going to do it, were by your Country will not be as one.
And we have another person that lives in delusional conspiracy theory fantasy land, get enough of all that on YT, no need to watch the conspiracy parts but perhaps there are some gems otherwise in specific spots.
Remind your guests to move up to the microphone or at least don't be in a room full of echo
This guy has no credibility. Refuses to admit he was wrong and just makes excuses.
CDBC is another ghost problem created by the far right and now offering the solution.
This guy doesn’t understand a thing about wellbeing and democracy. 100% capitalism always brought us 100% communism or fascism! Just learn your history lesson