Fastepo reports on the progress made by the BRICS nations in advancing the development and utilization of Central Bank Digital Currencies (CBDCs) by 2024. This initiative is a key component of their overarching plan to strengthen financial independence and lessen reliance on the US dollar in international commerce.
The Atlantis Report provides updates on the increasing unease felt by prominent figures in the United States. Speculations regarding an imminent economic crisis have escalated to a concerning level. Recent shifts in the U.S. dollar’s value have triggered significant apprehension among global investors and policymakers. While a robust currency is typically viewed favorably, the sudden spike in this case has led to ambiguity and widespread concern. It is crucial to comprehend the underlying causes of these developments, the implications of recent U.S. dollar fluctuations, and the intricate interplay between the Federal Reserve and interest rates.
Gregory Mannarino asserts that the Federal Reserve is prepared to intervene in the market by injecting liquidity and significantly increasing the national debt.
Jeremy Szafron, the Anchor at Kitco News, engages in a discussion with Irene Tunkel, the Chief Strategist at BCA Research focusing on US equities, regarding the recent Federal Reserve announcement. The conversation delves into the Federal Reserve’s choice to uphold interest rates, Jerome Powell’s statements during the press briefing, and the broader consequences for the US economy and equity markets. Tunkel provides her assessment on the possibility of a recession, the condition of equities, and strategic investment strategies in the current economic environment. Her valuable insights on the Federal Reserve’s policy trajectory and its implications for investors are not to be overlooked.
China holds the largest amount of US debt, but both China and Russia are actively working to decrease their reliance on the US Dollar. Additionally, there has been a significant movement of gold from the West to the East. There are concerns that the US may not possess all the gold it claims to have, which could potentially lead to a crisis for the Western countries. Alasdair Macleod, speaking on Liberty and Finance, suggests that recent market trading of gold is unprecedented since the 1970s. The price of gold has been increasing despite rising interest rates and a stronger Dollar. This indicates a growing fear regarding the future of credit, prompting more individuals and countries to seek the safety of gold as a form of protection.
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Kitco NEWS
May 1, 2024
Jeremy Szafron, Anchor at Kitco News, interviews Irene Tunkel, BCA Research’s Chief Strategist specializing in US equities, about the latest Federal Reserve announcement. They dive into the Fed’s decision to maintain interest rates, Jerome Powell’s remarks during the press conference, and the broader implications for the US economy and equity markets. Tunkel shares her analysis of the potential for a recession, the state of equities, and strategic investment approaches in the current economic climate. Don’t miss her insights on the Fed’s policy direction and what it means for investors.
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Liberty and Finance
Premiered May 1, 2024
The largest single holder of US debt is China. China and Russia are working to reduce their dependence on the Dollar. Gold has been moving from West to East. And the US likely doesn’t have all the gold it claims to have. “This has got the makings for an absolute crisis for the West,” says Alasdair Macleod. Gold’s recent market trading has been unlike anything we’ve seen since the 1970s, he says. Gold has been rising amid rising interest rates and a rising Dollar. This signals a new fear of the future of credit itself, as the world’s flight to the safety of gold accelerates.
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