This compilation of financial news includes videos by Heresy Financial, Palisades Gold Radio with John Titus, Stansberry Research with Marc Chaikin, and Lena Petrova.
Heresy Financial
Jun 23, 2023
The IMF has announced they are working tirelessly on a global central bank digital currency, one Cbdc, to rule them all. And it is just as bad as you might imagine.
This blueprint is primarily to incorporate cross-border payments for individual CBDCs across the world. Now, obviously, the real reasons why they want to push something like this and the stated reasons for pushing something like this are going to be very different.
Reading between the lines, we find it’s about maintaining control over money flow. However, one of the stated reasons is that there has been a rising interest in crypto assets, which is why many monetary policy institutions like central banks have been exploring CBDCs.
Palisades Gold Radio
Jun 23, 2023
Tom welcomes an interesting guest who dives deeply into various financial topics; John Titus. He discusses noticing the liquidity issues in the banking system and three weeks later Silicon Valley Bank failed. The Fed’s balance sheet until 2008 was less than a trillion dollars, which was largely for settling transactions. However, in 2008, the balance sheet exploded. In 2020, the Fed created reserves far larger in scale and they started buying assets from non-banks. Starting March of 2020, the Fed balance sheet ballooned from 13.5 trillion to 18 trillion, which was the cause of the inflation. They increased the money supply for households and ordinary businesses, and this wasn’t just reserve balances on account at the Fed.
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Silicon Valley Bank had 13 billion dollars on account spread over ten accounts. When the Fed bought 4.5 trillion from non-banks, it bought them through firms like Blackrock. Senate testimony showed that much of this money was in retail bank accounts. Money started out in business accounts but ended up in households. John doesn’t believe that apps were behind the flows out of SVB; this seems like a cover story to him. This isn’t just a regional banking crisis; these were large banks in the top hundred. These were rich people banks that were failing, so the Fed had to intervene. People aren’t talking about the whales in the pond; this is part of the game of favoritism. He says, “The Fed is picking the winners and losers, with opaque policy decisions and no record keeping. They get whatever result they want; we live in a lawless nation run by criminals.”
John discusses some metrics that can help you determine if your bank could fail. It is considered wise today to have some exposure to physical precious metals. Banks are being consolidated into a much tighter group, where the JP Morgans of the world acquire smaller banks.
Canada has changed the rules around mortgages, allowing huge extensions. Debt is someone else’s asset and someone is going to be burnt. These types of policies are leading to a loss of overall confidence in the system. John believes we’re going to see more bank failures and inevitably lower rates. The Fed is all about managing perception to the benefit its private owners.
Gold brings options to other countries if they want to move away from the dollar. Everyone today needs resources and Eastern nations are looking to consolidate their own resource supplies. They are sick of the U.S. exporting inflation abroad. It would not surprise him if they come out with a resource-based currency alternative.
Stansberry Research
Jun 23, 2023
“The economy is a lot stronger than people are giving it credit for and therefore I’m not necessarily looking for rates to be cut, but I’m looking for rates to flatten out,” says Marc Chaikin, founder and CEO for our corporate affiliate Chaikin Analytics. He says the central bank is unlikely to achieve its 2% target rate in the next five years. “The reality is the market is adjusting to higher interest rates.” But he maintains a bullish outlook, predicting the S&P 500 Index to rise 15% from now to reach 5,000 by year-end. Finally, Mark reveals the mechanisms his unique Power Gauge stock rating system is using, and what companies are worth looking into next for investors. Check out http://www.warning2023.com to learn more about these opportunities.
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Lena Petrova, CPA – Finance, Economics & Tax
Jun 23, 2023
Congress: The US Dollar As An Economic “Weapon” Is Declining
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