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Tom Bodrovics welcomes back David Haggith, author of the Daily Doom Substack. The conversation centers around the current economic situation in the U.S. and repercussions on the Federal Reserve policies. Last summer, David predicted continued inflationary pressures from factors like housing costs with a one-year lag time, oil prices, and producer prices. Despite the Fed's potential intentions to cut interest rates, David cautions about the possibility of another inflation spike, compelling the Fed to reconsider their decision. David argues that markets misjudged the Federal Reserve's stance on interest rates based on ambiguous comments from Chair Jerome Powell. Though Powell didn't signal a change in policy, markets believed there would be a pivot due to vague statements. This misunderstanding led to significant market fluctuations and the dissolution of the Fed's tightening efforts, necessitating further tightening by the Fed. David also discusses the impacts on the economy during the covid period and impact on labor metrics. He believes that labor remains 'tight' due to a substantial drop in laborers as a result, leading to production issues. Despite some recovery, the labor pool has not returned to its previous trend line, signaling ongoing labor supply problems. Mr. Haggith also touches upon potential market implications during the election and compares the current situation with the dot-com bust in 2000, where AI stocks were overvalued based on future potential. David warns of a possible correction similar to what occurred then. Regarding the ongoing geopolitical tensions between Israel and Iran, David discusses the potential impact on oil prices and the challenges of de-dollarization. David also explores strategies for safeguarding assets during uncertain economic times, suggesting alternatives to keeping money in banks or dollars due to risks of inflation and bank troubles. He advocates for gold as a store of wealth but acknowledges its limitations. Other recommendations include building skills, focusing on relationships, and preparing for transactions if locked out of central bank digital currencies. Timestamp References:0:00 - Introduction0:33 - Fed Resolve & Pivots10:00 - Lag Effects & Landings13:24 - Sahm Recession Rule & GDP16:50 - Covid Era & Economy20:34 - Consumer Debt & Recession22:26 - Market Volatility & Elections27:00 - Comparisons & Conflicts34:52 - Unknowns & Dedollarization38:00 - Dollar & Global Trade39:57 - Yen Carry Trade41:10 - Defensive Measures44:44 - Gold & Other Metals49:07 - Wrap Up Talking Points From This Episode Further potential inflation spikes despite Fed's rate cut intentions due to lingering economic pressures. How markets misinterpreted Powell's statements, resulting in market volatility and necessitating further Fed tightening. Why labor supply issues persist as a result of the Covid Period, affecting production and labor metrics. Guest Links:Substack: https://www.thedailydoom.com/Twitter: https://twitter.com/EconomicRecess David Haggith is the publisher/editor-in-chief of the Daily Doom Substack. David began the Great Recession Blog back in 2007 when he realized the U.S. housing market was on the verge of collapse. He urged family to sell their homes near the peak of the market. He decided the world needed a voice that would present more insightful commentary on the economic news of the day than what had been available anywhere in the mainstream media. Furthermore, he was amazed that so few people we're able to see through the nonsense. He doesn't associate with any political party, as politics keep people focused on blaming the other side and not recognizing the flaws on theirs. He's made a number of successful market calls and forecasts for past recessions. David believes we are now entering a Second Great Recession and provides advice on how to avoid the consequences.
David Haggith discusses the state of the economy, inflation, the Fed, and the stealth recession that is already underway. He agrees that the outcome is neo-feudalism and the purpose of importing so many illegal aliens is to create a permanent dystopian peasant class. David doesn't believe BRICS will supplant the dollar. Collapse might bring about a new global digital currency. We ponder life in the Algorithm Ghetto and discuss the Armageddon scenario in Israel. Watch on BitChute / Brighteon / Rokfin / Rumble / Substack Geopolitics & Empire · David Haggith: Collapse, Global Digital Currency, & Armageddon #456 *Support Geopolitics & Empire! Donate https://geopoliticsandempire.com/donations Consult https://geopoliticsandempire.com/consultation Become a Member https://geopoliticsandempire.substack.com Become a Sponsor https://geopoliticsandempire.com/sponsors **Visit Our Affiliates & Sponsors! Above Phone https://abovephone.com/?above=geopolitics easyDNS (use promo code GEOPOLITICS for 15% off!) https://easydns.com Expat Money Summit 2024 (use promo code EMPIRE for $100 off the VIP ticket!) https://2024.expatmoneysummit.com/?ac=8cDxEbJw LegalShield https://hhrvojemoric.wearelegalshield.com Wise Wolf Gold https://www.wolfpack.gold/?ref=geopolitics Websites The Daily Doom https://www.thedailydoom.com About David Haggith David Haggith is the publisher/editor-in-chief of The Daily Doom where he writes on the economic, social and political news of our troubled times -- a non-partisan daily collection of the most consequential stories about our complex times from multiple sources around the world plus daily editorials. *Podcast intro music is from the song "The Queens Jig" by "Musicke & Mirth" from their album "Music for Two Lyra Viols": http://musicke-mirth.de/en/recordings.html (available on iTunes or Amazon)
David Haggith discusses the state of the economy, inflation, the Fed, and the stealth recession that is already underway. He agrees that the outcome is neo-feudalism and the purpose of importing so many illegal aliens is to create a permanent dystopian peasant class. David doesn't believe BRICS will supplant the dollar. Collapse might bring about a new global digital currency. We ponder life in the Algorithm Ghetto and discuss the Armageddon scenario in Israel. Watch on BitChute / Brighteon / Rokfin / Rumble / Substack Geopolitics & Empire · David Haggith: Collapse, Global Digital Currency, & Armageddon #456 *Support Geopolitics & Empire! Donate https://geopoliticsandempire.com/donations Consult https://geopoliticsandempire.com/consultation Become a Member https://geopoliticsandempire.substack.com Become a Sponsor https://geopoliticsandempire.com/sponsors **Visit Our Affiliates & Sponsors! Above Phone https://abovephone.com/?above=geopolitics easyDNS (use promo code GEOPOLITICS for 15% off!) https://easydns.com Expat Money Summit 2024 (use promo code EMPIRE for $100 off the VIP ticket!) https://2024.expatmoneysummit.com/?ac=8cDxEbJw LegalShield https://hhrvojemoric.wearelegalshield.com Wise Wolf Gold https://www.wolfpack.gold/?ref=geopolitics Websites The Daily Doom https://www.thedailydoom.com About David Haggith David Haggith is the publisher/editor-in-chief of The Daily Doom where he writes on the economic, social and political news of our troubled times -- a non-partisan daily collection of the most consequential stories about our complex times from multiple sources around the world plus daily editorials. *Podcast intro music is from the song "The Queens Jig" by "Musicke & Mirth" from their album "Music for Two Lyra Viols": http://musicke-mirth.de/en/recordings.html (available on iTunes or Amazon)
Today David Haggith joins us to share his thoughts on the fallacies of Jerome Powell's recent economic outlook and to elaborate more on how the US is already in a "Stealth Recession". Find out more about David's writing here: https://www.thedailydoom.com/ Get your 2024 Trump Silver Presidential Medal here: https://bit.ly/TrumpSilver Secure & Preserve your future against market & government unpredictability. Visit https://colonialmetalsgroup.com/rtd or call 888-521-2448 to speak with the experts today. Get your questions answered about a Self-Directed IRA. Special offer: You'll receive a safe and up to $10,000 in free silver from Colonial Metals Group. Start your own Silver Standard. Learn about and join the RTD Silver Team to automate your silver accumulation: https://www.rethinkingthedollar.com/silver-team/ ----- The 5 Steps To Monetary Savviness (Unplug From the Matrix) ----- Go to the RTD Website to start your journey: https://www.rethinkingthedollar.com/ Keep Up with the Latest: Subscribe for the latest news and trends to never miss out! Connect with RTD! Your hub for all our social media platforms. Subscribe & never miss out. https://www.rethinkingthedollar.com/social-media Support the RTD Mission: Our goal is to educate through video & written articles a contrarian viewpoint against mainstream lies in order to wake up the masses. Any contribution to the mission helps. Thanks in advance!!! https://www.rethinkingthedollar.com/donate/ DISCLAIMER: The financial and political opinions expressed in this video are those of the guest and not necessarily of "Rethinking the Dollar." Views expressed in this video should not be relied on for making investment decisions or tax advice and do not constitute personalized investment advice. The information shared is for the sole purpose of education and entertainment only. Some links included in description are affiliate links and cost you no additional money if used.
The bond market's volatility threatens to plunge the economy into chaos, far beyond the fears of a mere recession. As interest rates are driven up by bond vigilantes, we're teetering on the brink of a full-scale depression that will hit banks, the stock market, and the housing sector, dragging everything down to a stark financial reality. Find out more from my guest here: https://www.thedailydoom.com/ Subscribe & click the
In a striking move this week, the United Nations proposed the linkage of a Global Digital ID with depositors' bank accounts, bringing the concept of "#DigitalID" to the forefront of global financial conversations. Simultaneously, the International Monetary Fund is pushing for an integration of Central Bank Digital Currencies (#CBDCs) to create a unified monetary system. These combined efforts underscore a larger goal - the integration of #financialsystems to achieve centralized control, which some fear could ultimately lead to a totalitarian state control #monetarysystem. Both the Digital ID and CBDCs are key components of this proposed framework, serving as building blocks for an interconnected and centrally controlled global financial system. Today my guest, David Haggith of https://www.theDailydoom.com, joins us to share his thoughts and conerns on recent events in the monetary system and the breakdown of society with the "WOKE" epidemic taking over our country.
For Beyond 50's "Finance" talks, listen to an interview with David Haggith. He is the publisher of "The Great Recession" blog. He calls central bankers "financial terrorists" for holding the world hostage to economic cycles they keep blowing up. As they claim to save us from each Recession, they inflate bigger bubbles that explode and harm us worse then the one they save us from. We're now into the Everything Bubble with bigger bailouts than ever for high-risk banksters. The delirium will continue unless we stop it. Tune in to Beyond 50: America's Variety Talk Radio Show on the natural, holistic, green and sustainable lifestyle. Visit https://www.Beyond50Radio.com and sign up for our Exclusive Updates.
One of the toughest truths that must be faced in our time is that a digital currency is coming and it will become a tool of control. J. Kim explains why no bank account is safe in 2023 (traditional or otherwise). It's bad enough that vaxxed individuals are dying but why is there an effort to blame the unvaxxed for causing their deaths via anxiety? Kit Knightly has a great take on the recent article by the Journal of BioMedicine that makes this outrageous claim. Elon Musk's takeover of Twitter may not have saved the world, but it's certainly giving us a better idea of who the control freaks are. James Howard Kunstler describes it as a light in the darkness. The growing drumbeat of climate crisis is being used as cover for the implementation of greater collectivist controls over every nation's economy. Dr. Rainer Zitelman says it's all about creating the ultimate planned economy. Whether we see it or not, the plan to impose a cashless society is quietly being put into place. David Haggith has some great resources for those trying to stay informed on the coming Orwellian system. It may not be comfortable to consider what may happen in the event of an economic collapse but those who conduct a mental walk-through of the likely consequences will be better prepared than those who do not. Sponsors: HSL Ammo Monticello College Life Saving Food Garage Door Pros
One of the toughest truths that must be faced in our time is that a digital currency is coming and it will become a tool of control. J. Kim explains why no bank account is safe in 2023 (traditional or otherwise). It's bad enough that vaxxed individuals are dying but why is there an effort to blame the unvaxxed for causing their deaths via anxiety? Kit Knightly has a great take on the recent article by the Journal of BioMedicine that makes this outrageous claim. Elon Musk's takeover of Twitter may not have saved the world, but it's certainly giving us a better idea of who the control freaks are. James Howard Kunstler describes it as a light in the darkness. The growing drumbeat of climate crisis is being used as cover for the implementation of greater collectivist controls over every nation's economy. Dr. Rainer Zitelman says it's all about creating the ultimate planned economy. Whether we see it or not, the plan to impose a cashless society is quietly being put into place. David Haggith has some great resources for those trying to stay informed on the coming Orwellian system. It may not be comfortable to consider what may happen in the event of an economic collapse but those who conduct a mental walk-through of the likely consequences will be better prepared than those who do not. Sponsors: HSL Ammo Monticello College Life Saving Food Garage Door Pros --- Support this podcast: https://anchor.fm/loving-liberty/support
Tom welcomes David Haggith, publisher of "The Great Recession Blog". He started his website twelve years ago, shortly after the housing bubble. He invented the term the epocalypse, which stands for 'economic apocalypse' that will be epic in scope. You could also call it the second great depression. He says, "For the last two years I've been extremely accurate." The corona crisis brought massive amounts of money printing. The Fed can no longer print enough to support the equity markets. We're going to have plenty of economic breakdowns and damage. It's hard for people to grasp the rate of change that is occurring. Money only creates inflation where money moves, and after the lockdowns lifted, we saw inflation take off. Production inflation hit manufacturers hard, and he was proven right that inflation was not transitory. We are going to discover that the recession started in Q1 of this year. The Fed appears reliant on positive statistics, and they are in denial. The public trusts the Fed, but that trust is likely misplaced. Economists aren't questioning or challenging the Fed's outlook. The Brookings Institute recently reported that the job market is short five million positions. There has been a million excess deaths in the labor pool lately. This is the reason why the labor market is tight. Production isn't increasing due to the lack of available workers. We're now entering the period where everything is falling apart due to the system failing. The shortages are going to manifest by the late spring. Crop failures and fertilizer issues will put further pressure on food prices. He recommends you buy the stuff you regularly use in advance because it won't get cheaper. Bonds have declined the most, likely, since the great depression. There is no evidence this trend will stop, and it could be catastrophic. Credit Suisse is providing a serious example. He says, "The Fed will slam the brakes on after they've hit the tree. They can shove it in reverse, but the car will be broken, and they won't be going anywhere. It will be highly questionable if they can accomplish anything." The Fed is going to lose much credibility in the coming crisis, and this could eventually lead to hyperinflation. Lastly, he discusses the problems with gold and why his current preference is to stay in dollars. For now, dollars are relatively safe, but that could change. Investors need to remain nimble because we're in the everything bubble. Time Stamp References:0:00 - Introduction0:40 - Great Recession Calls11:36 - A Precarious Position14:28 - The Feds Rhetoric18:26 - Labor Shortages26:10 - Global Concerns?36:06 - The Bond Bubble Bust37:06 - Another Lehman Moment?39:00 - The Fed is Stuck44:16 - Protecting Wealth49:37 - Wrap Up Talking Points From This Episode Past predictions and why we're headed towards the second Great Depression.Why the Fed is in denial and will have great difficulty in the coming crisis.Inflation predictions and the real reasons for the labor shortage. Guest Links:Website: https://thegreatrecession.infoSubstack: https://thedailydoom.substack.com/Twitter: https://twitter.com/EconomicRecess David Haggith is the publisher/editor-in-chief of The Great Recession Blog and the Daily Doom Substack. David began the Great Recession Blog back in 2007 when he realized the U.S. housing market was on the verge of collapse. He urged family to sell their homes near the peak of the market. He decided the world needed a voice that would present more insightful commentary on the economic news of the day than what had been available anywhere in the mainstream media. Furthermore, he was amazed that so few people we're able to see through the nonsense. He doesn't associate with any political party, as politics keep people focused on blaming the other side and not recognizing the flaws on theirs. He's made a number of successful market calls and forecasts for past recessions. David believes we are now entering a Second Gr...
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On today's edition of TruNews, co-host Doc Burkhart is joined by author and economic analyst David Haggith, publisher of The Great Recession Blog. As the coronavirus continues to rearrange the economic fortunes of nations, is the reaction to the pandemic being used to implement a global plan for redistribution of wealth? In the Godcast, examination is made of the lessons that were NOT learned from the 2008 collapse, and the 'supertrends' of the Repo Crisis, the contraction of Chinese economy, and the global industrial slowdown. Doc Burkhart, David Haggith, Airdate 05/29/2020
On today's edition of TruNews, co-host Doc Burkhart is joined by author and economic analyst David Haggith, publisher of The Great Recession Blog. As the coronavirus continues to rearrange the economic fortunes of nations, is the reaction to the pandemic being used to implement a global plan for redistribution of wealth? In the Godcast, examination is made of the lessons that were NOT learned from the 2008 collapse, and the 'supertrends' of the Repo Crisis, the contraction of Chinese economy, and the global industrial slowdown. Doc Burkhart, David Haggith, Airdate 05/29/2020
On today's episode market analyst David Haggith joins Mike from RTD to discuss the global economy and a lot more. Watch the interview here on YouTube: https://youtu.be/4m_XmSuBI2M
Environmental consultant David Haggith tells Dillon about nutrient management, soil sampling, and protecting water quality around farms. He's a partner in environmental consulting firm N3, and he explains the history of Washington's dairy nutrient management regulations and how that led to the formation of N3.
The Mind Renewed : Thinking Christianly in a New World Order
"Pencil in the phoenix for around 2018, and welcome it when it comes"—The Economist 1988 This week we welcome David Haggith, economic commentator and writer of The Great Recession Blog, for a discussion on the international trend among central banks and governments towards a global cashless society. Regarded by central banks as a "drag" on their ability to manipulate economies to their liking, cash is being increasingly attacked as an inefficient, costly and even dangerous relic of the past—after all, where would criminals be without it? But once cash is gone, and our ability to rescue our savings from the monolithic digital banking system has gone with it, who will truly have control over our money? (For show notes please visit http://themindrenewed.com)
The Mind Renewed : Thinking Christianly in a New World Order
"Pencil in the phoenix for around 2018, and welcome it when it comes"—The Economist 1988 This week we welcome David Haggith, economic commentator and writer of The Great Recession Blog, for a discussion on the international trend among central banks and governments towards a global cashless society. Regarded by central banks as a "drag" on their ability to manipulate economies to their liking, cash is being increasingly attacked as an inefficient, costly and even dangerous relic of the past—after all, where would criminals be without it? But once cash is gone, and our ability to rescue our savings from the monolithic digital banking system has gone with it, who will truly have control over our money? (For show notes please visit http://themindrenewed.com)
Global markets are showing they can't handle even a tiny bit of tightening by the Federal Reserve, and other central banks are doubling down on rock-bottom interest rates, writes David Haggith. After six years of "recovery" can we ever abandon endless easy money?This audio Mises Daily is narrated by Ben Wiegold.
David Haggith visits for the first time. Chen Lin and Michael Oliver return. 2016 marks the beginning of a new epoch but not a happy one. Thanks to the evil spirit induced monetary lies propagated by Keynesians and communists, the world is entering a period of debt-induced depression the likes of which has never been seen in the modern age. With central banks around the world ushering in negative interest rates such that price discovery of capital is impossible, the world is moving away from the freedom inherent in a capitalist system into a new epoch of global debt based monetary serfdom long predicted by Austrian economists. David will discuss why 2016 is the year of transition into epocalypse. More positively, Chen will talk of a couple breakthrough biotech stocks with massive upside potential and Michael will provide his latest insights into prospects for stocks, bonds, gold and commodities.