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This compilation of financial-related insights includes videos from Wealthion, Gregory Mannarino, ITM Trading, and Palisades Gold Radio.
Adam Taggart on Wealthion discusses whether or not we truly dodged a recession this year. Gregory Mannarino says inflation continues to rise and the middle-class is struggling. Lynette Zang on ITM Trading talks about the central bank indicator of a US economy collapse. Matthew Piepenburg joins Palisades Gold Radio to discuss why US debt is already falling off the cliff of no return.
Wealthion
Premiered Aug 10, 2023
I’m Wealthion founder Adam Taggart, here with a brief explainer video for you on the topic of stealth liquidity.
This topic is important because it helps explain why 2023 is unfolding, to the confusion of many analysts, to be the “Year Of The Recession That Wasn’t”
Heading into this year from the unrelenting beating for stocks and bonds that was 2022, the vast majority of economic forecasters predicted a recession was near-certain to arrive in the first quarter or two.
The Fed had turned off the monetary stimulus spigots and was now pursuing interest rate hikes and Quantitative Tightening with an aggression rarely seen before in history.
The fast rising cost of capital, plus elevated input costs and higher wages from raging inflation, were squeezing corporate profits. Layoffs surged. Corporate bankruptcies started spiking to levels not seen since 2010.
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And then the banking system started stumbling – seeing more US bank failures as measured by market cap than in the Global Financial Crisis – forcing banks to tighten lending standards.
And on top of that, the US government faced a debt ceiling showdown, which required the US Treasury to drain its general account to keep government operations funded until a deal was struck – which would then suck over a $trillion in capital out of the economy as new Treasury bonds got sold to refill the TGA’s coffers.
And on top of that, the Feds higher interest rates caused a surge in interest expense on the federal debt, now passing over $1 trillion for the fiscal year.
All of these factors made a compelling, practically overwhelming case for reduced systemic liquidity in 2023. For well over a decade, the markets and the economy had become dependent on the Federal Reserve’s trillions of dollars worth of QE & rock-bottom interest rates. And then during the pandemic, a series of new fiscal stimulus packages and forbearance programs added to the addiction. Without those, the thinking went, the economy would contract in 2023, companies would lay off workers in larger numbers, and the financial and housing markets would correct materially.
But something funny happened on the road to this widely-expected recession. The recession forgot to show up.
Why? In this video, we think we might just have the answer.
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Gregory Mannarino
Streamed live Aug 10, 2023
LIVE! ShoCKeR! Inflation Continues To Rise! Middle-Class Struggling MORE THAN EVER! Mannarino
ITM TRADING, INC.
Aug 10, 2023
There is a bank that is showing us what is most likely to happen. You could call this a canary in the coal mine. Well, what does that really mean? Coal miners used to bring a canary on their shoulders into the mine. The birds served as an early warning sign of impending trouble and danger. The miners would closely observe the bird. And if they noticed any signs of distress, they would evacuate the mine immediately. We’ve got a canary in the coal mine that is showing us distress, and it’s time to protect yourself financially. Globalization is here and global central banks are all interconnected. This is a major sign of what is most likely to happen to the US economy and the world.
Palisades Gold Radio
Aug 10, 2023
Tom welcomes back Matthew Piepenburg Commercial Director of Matterhorn Asset Management to the show.
Matt discusses the current state of the US economy and the potential risks developing. He argues that the Federal Reserve’s policy of increasing interest rates and reducing the balance sheet has weakened the dollar and created distrust among emerging markets and developing economies. He suggested that investors wait until the market tanks before buying as the Fed will only pivot then. He also pointed out the $1.85 trillion that the Treasury announced it will borrow by the end of the year and how this could lead to a credit contraction and a credit crisis. He believes that the only solution to the US government’s debt situation is to increase money supply through printing more money, which will lead inevitably to further inflation.
Matt also discussed the labor market and CPI stats and how they may be misleading. He believes that the labor data is specious and disingenuous, as it ignores people who have stopped looking for jobs and includes people with multiple jobs. He believes that de-dollarization is already happening, but it won’t happen overnight. He emphasizes the importance of keeping a level head while others are losing theirs and believes that the debt levels of the US are already creating serious problems, and that these can only be solved by having more informed people in positions of power.
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Matt believes the Federal Reserve’s attempts to prevent inflation will ultimately end in inflation and suggests that investors protect their purchasing power. He also warns that politicians are unlikely to win an election by advocating for austerity, higher taxes, and a period of recession.
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If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
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