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In this installment of Wealthion, Andrew Brill engages in a conversation with Chris Casey, the Founder and Managing Director of WindRock Wealth Management, to shed light on the alarming revelations regarding the policies of the Federal Reserve and their potential role in leading the United States towards a recession. Chris delves into the concealed truths surrounding the interest rate decisions made by the Federal Reserve, emphasizing their significant impact on inflation and the overall economy. He highlights the dangers of artificially low rates, which may ultimately pave the way for an economic catastrophe, and provides insights into the methods employed by the Fed to manipulate the financial system. Furthermore, Chris explores the possibility of stagflation, drawing parallels to the economic upheaval experienced in the 1970s.
Sean Foo reported that China has recently introduced their cross-border digital currency in Hong Kong, marking a significant update. This step signifies the initial move towards reducing reliance on the US dollar in their international trade relations. The implications of this development are substantial for the global economy.
According to Reventure Consulting, stagflation refers to a situation in the economy where there is a simultaneous occurrence of high inflation and high unemployment. This phenomenon was last observed in the United States during the 1970s. Presently, there is growing belief, shared by individuals such as Jamie Dimon from JP Morgan, that stagflation could resurface in the years 2024 and 2025. Such an outcome would be a nightmare for the Federal Reserve and its chairman, Jerome Powell, as it would entail both high inflation and unemployment. Consequently, they would be unable to rely on lowering interest rates as a means to counter the inevitable recession that accompanies stagflation. In the 1970s, the US experienced a peak inflation rate of 14% and an unemployment rate of nearly 11%. The situation deteriorated to such an extent that the federal reserve had to significantly increase interest and mortgage rates, reaching as high as 18% by the early 1980s, in order to combat the inflationary pressures.
Dr. Nomi Prins, a renowned geopolitical finance expert and bestselling author, emphasized the importance of the Federal Reserve understanding its limitations and avoiding the misconception that it can single-handedly combat inflation, likening it to a superhero. In an interview with Daniela Cambone on ITM Trading, she highlighted that the Fed lacks the capacity to influence actual inflation, which directly impacts the rising costs faced by individuals and businesses on a daily basis. Furthermore, Dr. Prins shed light on the collaborative relationship between the Federal Reserve and major banks, where banks transfer their surplus profits to the Fed, which then channels these profits to the Treasury Department. However, due to insufficient reporting of excess profits by banks, the Fed finds itself in a deficit. She cautioned that in the event of a banking crisis, there could be a resurgence of quantitative easing measures and a return to zero interest rates, posing potential economic challenges.
Gregory Mannarino discusses the current state of the system showing signs of cracking. Home affordability has reached a historic low, indicating a significant shift in the housing market. The economy appears to be coming apart at the seams, with various indicators pointing towards potential instability.
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Wealthion
Premiered May 22, 2024
Chris Casey of WindRock Wealth Management joins to explain the shocking truths about the Fed’s policies and how they might be driving us toward recession.
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In this episode of Wealthion, host Andrew Brill sits down with Chris Casey, Founder and Managing Director of WindRock Wealth Management, to explore whether or not the Fed is driving the U.S. into recession. Chris exposes the hidden realities behind the Federal Reserve’s interest rate decisions and their drastic impact on inflation and the economy.
Learn why artificially low rates might be setting us up for economic disaster and uncover the tools the Fed uses to manipulate the financial system. Chris also discusses the potential for stagflation, drawing parallels to the economic turmoil of the 1970s.
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Sean Foo
May 22, 2024
In a big update, China has launched their cross-border digital currency beyond the mainland in Hong Kong. This is the first move towards de-dollarization of their global trade with the world. Here’s why this is a game-changer for the global economy.
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Reventure Consulting
May 22, 2024
Stagflation is when the economy experiences both high inflation and high unemployment. The last time America’s economy experience this was back in the 1970s. Many are now believing – including JP Morgan’s Jamie Dimon – that stagflation could be returning in 2024 and 2025.
This outcome would be the Federal Reserve’s and Jerome Powell’s worst nightmare. Because it would mean high inflation and unemployment. Meaning that they could not necessarily low interest rates to combat the inevitable recession that would come with stagflation.
Back in the 1970s the US reached a peak inflation rate of 14% and unemployment rate of nearly 11%. Things got so bad that the federal reserve had to hike interest and mortgage rate all the way to 18% by the early 1980s to combat this inflation.
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ITM TRADING, INC.
May 22, 2024
“The Fed needs to understand its boundaries and stop pretending it’s like inflation Superman,” says Dr. Nomi Prins, geopolitical finance expert and bestselling author. She explains that the Fed has no ability to impact real inflation — the increased prices that individuals and companies face daily. She also discusses how the Fed is operating in conjunction with big banks. Banks remit their excess earnings to the Fed, which then passes those earnings to the Treasury Department. However, because the banks haven’t reported enough of their excess earnings, the Fed is operating at a loss. She warns that if these banks collapse, we can expect more quantitative easing and a return to zero interest rates.
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Gregory Mannarino
Streamed live May 22, 2024
THE SYSTEM IS CRACKING. Home Affordability Hits HISTORIC LOW… Economy Coming Apart.
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