This compilation of financial-related insights includes videos from Stansberry Research, Gregory Mannarino, ITM Trading, and Palisades Gold Radio.
George Gammon joins Stansberry Research to discuss the WorldCoin ‘Orb’ and how it’s going to be a nightmare. Gregory Mannarino talks about spiking market risk and the economy worsening. Lynette Zang and Eric Griffin on ITM Trading answer questions about the implications on the decline of the US Dollar. Alasdair Macleod joins Palisades Gold Radio to discuss the financial equivalent of a nuclear war.
Aug 2, 2023
With the development of tools like ChatGPT quickly growing popular, many people are bullish around artificial intelligence (“AI”) right now. That’s why OpenAI CEO Sam Altman launched Worldcoin last week to capitalize on this fast-moving trend. But today, Daniela’s guest believes this ongoing shift toward going digital could have disastrous results as businesses and governments increase surveillance over everyday people. George Gammon, macroeconomics expert and host of the Rebel Capitalist Show asserts that folks must be wary of the long-term implications of sharing their data with programs like Worldcoin. He says, “What they tell you is that in the future…once they start to monetize, basically your biometric data, then they’ll give you dividends in the form of more cryptocurrency.”
George also believes that the debt imbalance we’re experiencing right now won’t change unless the central bank reigns in its overspending habit. “The problem isn’t the debt it. It’s government spending. They spent the money to accrue the debt to begin with,” he claims. He concludes by discussing the impact of the de-dollarization trend on the U.S. economy, encouraging investors to monitor this global shift away from the U.S. dollar in order to gain a clearer perspective on today’s chaotic market. “It’s not just a matter of what is happening with the domestic economy within the United States. There’s a lot more to it at play. The global economy is about $110 trillion of gross domestic product, and 60% to 70% of those transactions settle in the U.S. dollar,” he explains.
Streamed live Aug 2, 2023
LIVE! … DANGER ZONE: Spiking Market Risk Sparks PAN-SELLOFF. Economy Worsens. Mannarino
ITM TRADING, INC.
Streamed live Aug 2, 2023
Question 1: 0:45
Could you please clarify why you believe we’re headed for hyperinflation rather than deflation, as we had in the Great Depression?
Question 2: 4:05
Once the BRICS announces their new gold backed currency this month, how quickly do you see the dollar declining in strength against other world currencies?
Question 3: 7:55
When all exits for alternative currency methods (I.e. gold, silver, crypto) are shutdown, how can one liquidate or sale held gold for cash to extend purchase power and to survive? Will there come a time when gold can only be converted to CBDC (cash banned) and we have to be in the system to purchase necessities?
Question 4: 16:00
I have a conventional home mortgage. Will the powers be able to change the terms of my mortgage without my consent?
Question 5: 20:25
Can my Dollar-values held within my bank account be converted without my consent? Since they were an established dollar currency-unit at deposit, would I have a legal challenge to their conversion into a CBDC or similar?
Question 6: 22:25
Didn’t expect the ratings cut on US would have such a huge impact !! why is this so – in your opinion?
Palisades Gold Radio
Aug 2, 2023
Alasdair Macleod believes that the US dollar is heading towards a major financial crisis due to its unsustainable debt trap, contraction of bank credit and rising interest rates. He believes that Russia and China are behind the destabilization of the US dollar as a global currency and are attempting to introduce a new single, gold-backed trade settlement currency, which the enlarged BRICS membership could potentially use. This currency does not include any retailers yet, but those involved in international trade transactions would need to use it. McLeod believes that the US government has been sending Henry Kissinger and Janet Yellen to convince China to not abandon the US dollar, as the consequences would be immense. However, he still believes that the majority of BRICS members will ultimately support this new currency in order to improve monetary stability and create a stabilising effect on global markets.
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