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This compilation of financial-related insights includes videos from ITM Trading, Wall Street Silver, Steven Van Metre, and Heresy Financial.
Taylor Kenney on ITM Trading talks about how the Fitch downgrade of the US Credit Rating creates a ripple effect with CBDC’s. Dr. Marc Faber joins Wall Street Silver to discuss the US debt crisis continuing with a $32 trillion debt bubble popping. Steven Van Metre talks about JPMorgan’s shocking admission. Heresy Financial talks about the debt cycle.
ITM TRADING, INC.
Aug 5, 2023
It finally happened. The U.S. debt rating has officially been downgraded and everyone is going to be impacted by this, but especially those who are planning to retire. Hi, everyone. I’m Taylor Kenney with item trading. And today we’re going to be talking about how the U.S. debt downgrade will directly impact your retirement plans. There are so many ways that this hurts your financial plans, but today we’re going to focus on how we got here, what actually changes and how you can prepare today to protect yourself.
Wall Street Silver
Premiered Aug 5, 2023
Returning to the show today is Dr. Marc Faber, and we discuss the impact of rising interest rates on different sectors of the economy and predict potential consequences for precious metals. He also touches upon the introduction of central bank digital currencies (CBDCs) and the changing dynamics of global trade with emerging economies like the BRICS nations.
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Steven Van Metre
Aug 5, 2023
JPMorgan’s Shocking Admission
Heresy Financial
Aug 5, 2023
What is leverage? Archimedes once said, Give me a lever long enough and a place to stand, and I can move the world. Now, there are obviously many forms of leverage, but economically speaking, the state we are concerned about is debt. Now, debt is described as leverage for a few reasons. Number one, it increases the strength of your purchasing power.
If you have a dollar, instead of just $1, maybe you can spend 50 or $2 or more. The second reason is described as leverage because it works both ways. In other words, debt increases risk. So what does leverage have to do with the boom-bust cycle? As we will see, leverage is the engine that drives the boom-bust process.
On the way up, we are increasing the amount of leverage in the system, but everything that goes up must come down. And so every levering up is always followed by a deleveraging. And the way down the bust is a deleveraging. So where are we now? What will this deleveraging, this bust look like?
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