Stansberry Research | Fed Is Radioactive, It Can No Longer Manipulate Money Supply Warns Former Mellon CIO @StansberryMedia | Uploaded July 2023 | Updated October 2024, 16 hours ago.
“The reserve dominance the U.S. had is slowly slipping,” says David Daglio, CEO of asset-management firm BC-GUMPS, when discussing the de-dollarization trend. He also criticizes the Federal Reserve for not independently tackling today's out-of-control inflation and instead just casually monitoring it like a “weatherman.” He predicts that in six months, the Fed is going to be “cutting rates” to bring down inflation. “The bond market has already spoken. We are going to see the sharpest cut in rates of all time,” he adds. Daglio says that the biggest problem for banks throughout this banking crisis is the fractional reserve model, which is a “systematic problem” that results in banks lending out more than they actually have because not all people need their money at one time. He concludes by sharing his investment philosophy and how folks should navigate through this uncertain market moving forward.
#federalreserve #investing #inflation #usdollar
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Chapter stamps:
00:00 Stock market
4:32 Recession
6:41 PE sector
7:36 Banks consolidation
8:41 Fed minute
11:30 Money printing
14:19 Monetary system reset
16:06 Return of gold standard
20:10 Gold
21:23 Stocks and AI stocks
24:46 Crypto landscape
25:55 CBDC
26:55 Final thoughts
“The reserve dominance the U.S. had is slowly slipping,” says David Daglio, CEO of asset-management firm BC-GUMPS, when discussing the de-dollarization trend. He also criticizes the Federal Reserve for not independently tackling today's out-of-control inflation and instead just casually monitoring it like a “weatherman.” He predicts that in six months, the Fed is going to be “cutting rates” to bring down inflation. “The bond market has already spoken. We are going to see the sharpest cut in rates of all time,” he adds. Daglio says that the biggest problem for banks throughout this banking crisis is the fractional reserve model, which is a “systematic problem” that results in banks lending out more than they actually have because not all people need their money at one time. He concludes by sharing his investment philosophy and how folks should navigate through this uncertain market moving forward.
#federalreserve #investing #inflation #usdollar
⭐️ Join Daniela Cambone's exclusive community ➡️ danielacambone.com
➡️ Follow us on Facebook: https://www.facebook.com/StansberryRe...
➡️ Follow us on Twitter: twitter.com/stansberry
➡️ Follow us on Instagram: https://www.instagram.com/stansberry_...
➡️ Follow us on LinkedIn: https://www.linkedin.com/company/stan...
Chapter stamps:
00:00 Stock market
4:32 Recession
6:41 PE sector
7:36 Banks consolidation
8:41 Fed minute
11:30 Money printing
14:19 Monetary system reset
16:06 Return of gold standard
20:10 Gold
21:23 Stocks and AI stocks
24:46 Crypto landscape
25:55 CBDC
26:55 Final thoughts
