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Palisades Gold Radio
Jan 5, 2023
Chris Irons, the host of the Quoth the Raven podcast and author of QTR’s Fringe Finance Substack, joins Palisades Gold Radio for a discussion about the market in 2023. The rapid rate hikes of 2022 have had a major effect on Main Street and caused people to take out more debt to make ends meet. Should the S&P take a 15% hit in 48 hours, the Fed will take action and become more dovish. Chris also talks about how the US is at its most precarious financial position ever due to its massive debt, inflation, trade deficits, and government spending. These factors are contributing to a slow slide that will eventually cause a drastic switch in the US’s reserve currency status.
Investors have been trained to expect the Fed to come to the rescue when the market crashes, and this could lead to a false sense of security. He also believes that the Fed can’t do a major cut due to the potential for inflation. Chris believes that the Fed will take a dovish stance and eventually cut rates, but this won’t be enough to prevent the market from crashing. He also believes that the US is at its most precarious financial position ever and that the world is bifurcating in front of us.
Chris also provides insights into his outlook on 2023, predicting that ARK could go to $15, and Tesla could fall another 90%. His advice to investors is to look at the risk of gold miners being nationalized and to consider the possibility of other factors such as yield curve control and foreign adversaries challenging the dollar’s reserve currency.
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