Barry Eichengreen, a renowned Professor of Economics and Political Science at the University of California, Berkeley, joins David Lin and delves into the impact of increasing debt levels in the United States on both the economy and overall growth prospects.
Gregory Mannarino discusses the potential for bank bail-ins being orchestrated, predicting a significant Wall Street bank failure in the near future. Additionally, Mannarino highlights Federal Reserve Chair Powell’s cautionary statement, indicating an expectation of more bank failures to come, with the burden ultimately falling on the public.
Sean Foo discusses the crisis unfolding in Europe, as Macron issues a stark warning that the European Union may face its demise. This sense of despair stems from a series of poor decisions that have led to a decline in Europe’s economy, causing it to fall behind the United States and China. The reasons behind Europe’s economic woes and the deep-seated regrets are explored in detail.
Joe Blogs highlights the unfortunate news of Republic First Bank succumbing to insolvency, making it the first recognized casualty of the significant surge in interest rates witnessed in the United States during the last 18 months. Through an informative video, Joe delves into the specifics of the bank’s collapse and also explores the potential for further bank failures in the year 2024.
Lyn Alden, the Founder of Lyn Alden Investment Strategy, returns as a guest on Palisades Gold Radio with Tom. Lyn delves into the concept of abundance and scarcity in investing, particularly highlighting the current era of fiscal dominance which has resulted in bonds becoming more abundant. This shift is attributed to significant budget deficits and the transfer of private debt to the public sector. The implications of this trend encompass a rise in average fiscal-driven inflation, potential effects on asset valuations, and tax revenue.
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Fed. Chair Powell WARNS “There WILL BE MORE BANK FAILURES.” And THE PUBLIC WILL PAY!
https://www.youtube.com/watch?v=nkrD8TNRUEs
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Joe Blogs
Apr 29, 2024
Republic First Bank has Collapsed into Insolvency becoming the first official Financial v----m of the rapid rise in Interest Rates in the USA over the past 18 months. In this video I provide more details on the collapse and discuss the possibility of more bank failures in 2024.
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Palisades Gold Radio
Apr 29, 2024
Tom welcomes back Lyn Alden, Founder of Lyn Alden Investment Strategy, to the show. Lyn discusses abundant and scarce things in investing, focusing on the era of fiscal dominance that has led to bonds becoming abundant. This is due to large budget deficits and private debt being transferred to the public sector. The implications include higher average fiscal-driven inflation and potential impact on asset prices and tax receipts.
The Federal Reserve’s ability to perfectly tune the economy to avoid recession for the next decade is questioned. In emerging markets, stocks may rise in local currency but decrease in hard money terms during recessions. The U.S., however, is experiencing fiscal dominance where public debt exceeds GDP, making it harder to fight inflation and slow down borrowing. While interest rates can help make a country’s currency attractive or reduce borrowing demand, raising interest rates results in ballooning expenses, offsetting disinflationary forces. The commercial real estate sector is heavily impacted, but travel companies, seniors, and wealthy individuals may benefit from higher interest rates.
Lyn discusses the SVB bank crisis in 2023, suggesting that the Fed might prioritize saving banks or the Treasury market over controlling inflation, limiting monetary policy flexibility. The potential outcomes of interest rate cuts include growth and demand for commodities but less effectiveness due to fiscal dominance. She emphasizes energy exposure as a hedge against inflationary pressures.
Investment strategies include owning assets related to dense forms of energy in the energy sector, focusing on demographics, aging workforces, and understanding China’s labor supply and demand. Alternative investment portfolios like the permanent portfolio and IV portfolio deviate from the traditional 60-40 stock-bond split by including gold and commodities for diversification.
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The development of Bitcoin ETFs is seen as inevitable due to its size and liquidity, but risks include hacks and confiscations. Developed countries generally accept Bitcoin as a store of value while regulating its use as a medium of exchange. The importance of building tools to make Bitcoin more efficient for users is emphasized.
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