Podcasts about QE

Rob Rene, founder of QE Strong, joins Steve to introduce the QE Red Light Therapy Wand, a next-generation, handheld device that promotes natural healing, relieves pain, and supports muscle recovery. Steve and Ivey Gruber share their personal experience using red light therapy in their own household, and Ivey even highlights her favorite QE products like the red light mask. Rob explains how the wand works, using red (660 nm) and near-infrared (810–850 nm) light to boost cell energy, improve circulation, and help the body repair itself naturally. Listeners will hear about benefits like pain relief, youthful skin, faster muscle recovery, and reduced inflammation. Plus, there's a special Gruber-only offer: TODAY ONLY, get 5 FREE Exodus Travel Packs (a $40 value) with your wand purchase. Exodus packs include natural ingredients and molecular hydrogen to boost energy, reduce stress, and support overall wellness, products Steve and Ivey use daily. Order now at qestrong.com/gruber and use code GRUBER to claim your FREE gift!

Jeb Hensarling is the former Chairman of the House Financial Services Committee and one of the most influential voices in economic policy during the 2008 financial crisis. He has also joined ProCap BTC as a Senior Advisor. In this conversation, we talk about how Jeb pushed back against the bank bailouts, how those same issues led to the rise of bitcoin, his views on bitcoin, stablecoins, the broader crypto industry, and how technology and innovation are reshaping the financial system today.======================Check out my NEW show for daily bite-sized breakdowns of the biggest stories in finance, technology, and politics: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠http://pompdesk.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠======================Simple Mining makes Bitcoin mining simple and accessible for everyone. We offer a premium white glove hosting service, helping you maximize the profitability of Bitcoin mining. For more information on Simple Mining or to get started mining Bitcoin, visit https://www.simplemining.io/======================Xapo Bank, the world's first fully licensed Bitcoin-enabled bank, offers military-grade security with an unmatched blend of physical and digital security, as well as pioneering regulatory oversight, so your funds are always protected. Beyond secure storage, they enable you to grow and use your Bitcoin. Earn daily interest in Bitcoin, spend with zero FX fees using a global card, and make instant payments via the Lightning Network for unrivalled access and convenience. Visit ⁠https://www.xapobank.com/pomp⁠ to join.======================Timestamps: 0:00 - Intro2:25 - 2008 bank bailouts & Satoshi6:21 - QE playbook & constant intervention10:39 - Bitcoin as protection & property rights17:11 - GENIUS Act & advice for industry regulation24:36 - How to get lawmakers educated28:11 - Why stablecoins matter for America & bitcoin33:34 - How to think through a US bitcoin strategic reserve38:39 - Opportunities in the intersection of finance and technology43:25 - Choosing optimism & why Jeb is Long America

Kirk Spano runs Margin of Safety Investing and shares what it means to be an all cap investor (0:25). Using options, covered calls (14:30). AST SpaceMobile as an example (19:00). AI and large cap names (25:00). QE has changed everything (36:00). Bitcoin, gold, crypto (46:00).Show Notes:Liquidity, Macro And Valuations Are Warning YouAST SpaceMobile Screams 'Watson, I'm Calling You From Space'Pfizer: One Of The Next Big AI Winners'Stay Hungry, Stay Foolish' Small Cap StrategiesEpisode transcriptsFor full access to analyst ratings, stock and ETF quant scores, and dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger Picture Trump is now moving forward with additional tariffs, the other tariffs have proven not to cause inflation like the Fed had said and now Trump is free to move with additional tariffs. Switzerland wants to help with gold refining to help with their tariffs. Gold could be revalued and this will change everything. The [DS] believe they have trapped Trump in a Gov shutdown. This is being driven by Soros and Trump was expected this. He created EO back in Feb for this very reason to drain the swamp quickly. Trump is now setting the stage to shutdown their riots and stop WWIII they are trying to start. Trump has issued a peace plan with Gaza and Israel, it is now up to the [DS] stated funded terrorists. Peace through Strength.   Economy (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");  https://twitter.com/briefing_block_/status/1972692864007115084 Gold Revaluation Imminent? US Treasury Hoard Tops $1 Trillion For First Time  On the back of a 45% surge in the price of gold this year, the US Treasury's hoard of the barbarous relic has surpassed $1 trillion in value for the first time in history. That is more than 90 times what's stated on the government's balance sheet and is reigniting speculation that Treasury Secretary Bessent could revalue (mark to market) the massive pile of precious metal   Unlike most countries, the US's gold is held by the government directly, rather than the central bank. The Fed instead holds gold certificates corresponding to the value of the Treasury's holdings, and credits the government with dollars in return. That means, as we detailed previously, that an update of the reserves' value in line with today's prices would unleash roughly $990 billion into the Treasury's coffers, dramatically reducing the need to issue quite so many Treasury bonds this year.   Germany, Italy and South Africa all have taken the decision to revalue their reserves in recent decades, as an August note from an economist at the Federal Reserve discussed.   US gold re-marking would have implications for both the Treasury & Fed balance sheets.  US Treasury: assets would rise by the value of the gold re-marking & liabilities would rise by the size of gold certificates issued to the Fed. Federal Reserve: assets would rise by value of gold certificates & liabilities would rise by a crediting of cash in the Treasury cash balance (Exhibit 4). And here is the punchline: the Fed balance sheet impact would look like QE though no open market purchases would be required & Fed liability growth would initially be in TGA.  In other words, the best of all words: a QE-like operation, one which see the Fed quietly funnel almost $700 billion in cash to the Treasury... but without actually doing a thing! On net, a gold re-marking would increase the size of both Treasury & Fed balance sheets + allow for TGA to be used for Treasury priorities (i.e. SWF, pay down debt, fund deficit, etc). Meanwhile, the Fed and Treasury magically conjure some $990 billion out of thing air to be spent on whatever, all because the Treasury agrees that the fair value of gold is... the fair value of gold.  Source: zerohedge.com    Political/Rights

Es ist die heiligste Kuh, die man in der Szene schlachten kann: die Metalkutte. Denn dazu haben die allermeisten Leute eine starke Meinung. Entweder wird sie gehasst, verlacht beziehungsweise als überkommenes Relikt wahrgenommen oder ist das wichtigste Utensil, was ein Metalhead am Körper tragen kann. Jedoch gibt es selbst zwischen den Kuttenträgern sehr unterschiedliche Meinungen dazu, wie man mit seiner Weste umgehen sollte. Wir wollen dazu heute einen Rundumschlag liefern. Kapitel 00:00 Einleitung 00:50 Getränkepodcast 05:13 Blackest Path Event-Tipp 06:25 Battle of the Boars 2025 Live-Review 14:23 Bandshirts der Woche 17:03 Kommentare kommentiert 31:00 Hauptthema Erwähnte Alben Exodus - Bonded By Blood Traitor - Knee-deep in the Dead Curse Of Khatru - Curse Of Khatru Kreator - Enemy Of God Death - Leprosy Iron Maiden - Somewhere in Time Iron Maiden - Fear of the Dark Judas Priest - British Steel Midnight - Satanic Royalty Links Der Metal Sack: https://youtu.be/w_lCZNX7N7E?si=1hRxlnc3rtDoTfIK Der Dunkle Parabelritter: https://youtu.be/8Sbh2-ex_QE?si=TIWfU80kfU7Rw5UO ------------------------------------------------------------------------------------------------------------ More Metal to find at http://totgehoert.com ...on Twitch: https://www.twitch.tv/totgehoert ...on Facebook: https://www.facebook.com/Totgehoert ...on X (Twitter): https://twitter.com/totgehoert?lang=de ...on Instagram: https://www.instagram.com/totgehoert/

Michael Howell, CEO of CrossBorder Capital, an investment advisory firm, and author of Capital Wars, returns to The Julia La Roche Show, where he analyzes global liquidity trends and warns of market risks ahead. Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia In this episode, Howell presents his global liquidity cycle framework showing markets are late in a 35-month bull run that began in late 2022, with early warning signs emerging in repo markets as SOFR spreads spike. He warns of a massive debt refinancing wall hitting 2026-2029 from COVID-era borrowing, while the Fed transitions from QE to "Treasury QE" under Bessent's direction to fund real economy priorities. Howell's most striking thesis involves gold price targets of $10,000 by the late 2030s and $25,000 by 2052 based on structural deficit math, driven by both US monetary inflation and China's liquidity expansion to escape its debt crisis. He advocates for monetary inflation hedges like gold and Bitcoin as central banks deliberately weaken currencies in a "Make America Great" strategy against China.Links:  Website: http://www.crossbordercapital.com/ Twitter/X https://x.com/crossbordercapSubstack: https://capitalwars.substack.com/ Book: https://www.amazon.com/Capital-Wars-Rise-Global-Liquidity/dp/30303929020:00 Welcome and introduction - Michael Howell returns to discuss markets1:14 Global liquidity cycle framework - 5-6 year cycle approaching top3:41 Late cycle positioning - thinking end game vs beginning6:06 Debt-liquidity integration - 80% of lending now collateral-backed8:46 Early warning signs - SOFR spreads and repo market tensions11:49 Debt-liquidity ratio analysis - refinancing crisis ahead14:15 COVID debt echo effect - massive refinancing wall 2026-202917:04 Fed balance sheet slowdown - similar to early 2022 conditions18:51 Treasury QE emergence - Bessent directing liquidity to real economy20:20 Stablecoin monetization - credit providers buying government debt22:36 Plain vanilla cycle - everything following normal script25:00 Asset allocation phases - rebound, calm, speculation, turbulence29:20 Gold breakout analysis - disconnect from real rates since 202231:45 Structural deficit math - mandatory spending blowout ahead33:42 Gold price targets - $10,000 by late 2030s, $25,000 by 205235:56 Monetary vs high street inflation - currency devaluation vs CPI39:44 Fed independence questioned - Treasury QE running the show41:51 Make America Great currency war - deliberate dollar weakening44:08 China's gold strategy - escaping debt crisis through monetization46:33 Chinese liquidity expansion - driving global commodity reflation50:05 Final thoughts - late cycle caution, gold as monetary hedge

The Fed just made its first rate cut since December 2024, and Gregory Mannarino calls it “QE in disguise.” He explains why this 25-point move signals currency destruction, a merger of government and corporations, and the next big wealth transfer.Key takeaways:• Gold could surge to $8,000 with a possible 1:1 Dow/Gold ratio• A looming bond-market spike may trigger a global stock sell-off• Stablecoin tokens and crypto are quietly buying gold as real backing#gold #silver #macro ------------Thank you to our #sponsor MONEY METALS. Make sure to pay them a visit: https://bit.ly/BUYGoldSilver------------

Interview recorded - 16th of September, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming on Mel Matterson. Mel is writer and financial services veteran, with 20 years in the realm of high finance. During our conversation we spoke about his outlook, how he is bullish, large deficits, central bank independence, yield curve control, peak ponzi scheme, market outlook, when to sell and more. I hope you enjoy!0:00 - Introduction1:32 - Outlook on markets5:05 - Bond rally?11:26 - Large deficits17:02 - Central Bank independence22:07 - Yield control QE?26:12 - Peak ponzi scheme29:52 - Market outlook32:52 - Economic shift39:24 - When to sell?41:52 - One message to takeaway?For over twenty years, Mel has held key posts with both established asset managers such as Russell Investments and fast-growth startup firms like United Capital (acquired 2019 by Goldman Sachs). Since 2019, Mel has focused almost exclusively on private equity and the employee stock option financing space. He also founded the personal finance and wellness app, MoneyComb, in 2014. Seed funded by Duke University and incubated under leading behavioral economist Dan Ariely, MoneyComb quickly gained a reputation for innovative thinking about money and happiness: MoneyComb in WSJ.Having served as the CEO of three different FINRA and SEC registered broker-dealers, Mel has established himself as an expert in the operation of financial firms with an emphasis on broker-dealer formation, private placements, compliance, and scaling of digital operations.Mel holds an MBA with concentrations in investment and corporate finance from Duke University. He received his BA from Loyola University Chicago where he majored in philosophy, minored in English, and helped establish the school's nascent men's rugby program. Mel is also a Certified Financial Planner™ Professional and holds the CFP® designation.Mel Mattison:Website - https://www.melmattison.com/X - https://twitter.com/MelMattison1Book - https://www.amazon.com/dp/B0CK6WTGJV?ref_=cm_sw_r_cp_ud_dp_ZBJCM70F8RTF8WCETGYTWTFinance:Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseasThumbnail picture from - https://www.carsongroup.com/insights/blog/seven-reasons-this-bull-market-is-alive-and-well/

What happens when the money supply grows too slowly or too quickly? From gold-standard deflation to QE-driven inflation and inequality, we trace the lessons of monetary history, and what we can do today to protect ourselves in an age of infinite money.Topics covered include:How is the money supply measured, and why is it a subjective exerciseWhat is an example of a negative money shockWhy an optimal monetary policy would lead to deflation, and why that is a good thingWhat causes inflationHow quantitative easing contributed to wealth inequalityWhat is demurrage currencyThe unorthodox way Richard Nixon sought to combat high inflation and a strong dollarHow to increase our wealth in an era of infinite moneySponsorsLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsDelete Me – Use code David20 to get 20% offShow NotesDistribution of Household Wealth in the U.S. since 1989—The Federal ReserveM2 (M2SL)—FREDGood Versus Bad Deflation: Lesson from the Gold Standard Era by Michael D. Bordo, John Landon Lane, and Angela Redish—NBERSpeech by Richard Nixon (15 August 1971)—CVCEUS - Total Market Cap Divided by M2 Money Supply—MacroMicroDid Quantitative Easing Increase Income Inequality? by Juan Antonio Montecino and Gerald Epstein—CEPWebDoes Quantitative Easing Affect Inequality: Evidence from the US - Nektarios MichailDemurrage currency—WikipediaDebt: The First 5,000 Years by David GraeberRelated Episodes482: Unlocking the Power of Positive Skewness: Strategies for Investing, Business, and Creativity431: The Long-term Bullish Case for Gold336: Own What Is RealSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

"It's that old saying, right? It's that meme. It's like, however bad you think it is, it's going to get worse, right? But at the same time, it's also going to get better.So be very bearish on fiat. Be very bullish on Bitcoin. This system, it's going to get worse. The collateral problem and the fail to deliver problem is going to get worse. Your shares that you own in brokerage aren't really yours. They're held by the broker. They're held at the DTCC. They can freeze them whenever they want. They can create fake shares whenever they want. They can fail to deliver. They can naked short. They can manipulate with derivatives, all these sorts of things. And really the only financial asset that you can truly own is Bitcoin."~ Peruvian Bull In this episode, I sit down with Peruvian Bull for a deep dive into the fragility of our financial system. From Japan's zombified economy to the slow-motion collapse of the U.S. dollar, we peel back the illusions of stability that most people take for granted. Why does the debt machine always accelerate? What if your stocks aren't really yours? And how does Bitcoin fit as the inevitable escape hatch?We dig into the GameStop saga, the “great taking” of securities, stealth QE, the carry trade, and why debt — not retail payments — may be the problem Bitcoin is destined to solve first. Along the way, we explore what happens when central banks kick the can “up the stairs,” why Japan's story is a glimpse of our own future, and how individuals can prepare themselves before the next inning begins.This one is a rich discussion for anyone trying to make sense of late-stage fiat, the dollar endgame, and the hope that Bitcoin offers. Check out our awesome sponsors! Ledn: Need fiat but don't want to sell your Bitcoin? Ledn offers secure, Bitcoin-backed loans with no credit checks, flexible repayment, and fast turnaround—often within 24 hours. With $10B+ in loans across 100+ countries and transparent Proof of Reserves, Ledn is a trusted option for unlocking liquidity without giving up your Bitcoin. (Link: https://learn.ledn.io/audible) HRF: The Human Rights Foundation is a nonpartisan, nonprofit organization that promotes and protects human rights globally, with a focus on closed societies. Subscribe to HRF's Financial Freedom Newsletter today. (Link: https://mailchi.mp/hrf.org/financial-freedom-newsletter) OFF: The Oslo Freedom Forum is a global human rights event by the Human Rights Foundation (HRF), uniting voices from activism, journalism, tech, and beyond. Through powerful stories and collaboration, OFF advances freedom and human potential worldwide. Join us next June. (Link: https://oslofreedomforum.com/) Pubky: Pubky is building the next web, a decentralized system designed to put control back in your hands. Escape censorship, algorithmic manipulation, and walled gardens by owning your identity and data. Explore the Pubky web and become the algorithm today. Don't forget to find me on my Pubky ID here: pk:5d7thwzkxx5mz6gk1f19wfyykr6nrwzaxri3io7ahejg1z74qngo. (Link: https://pubky.org) Chroma: Chroma is dedicated to advancing human performance and well-being through cutting-edge light therapy devices and performance eyewear. Their mission is to enhance physical and mental health, unlocking peak human health, cognitive function, and physical performance. Get 10% off your order with the code BITCOINAUDIBLE. (Link: https://getchroma.co/?ref=BitcoinA...

Keith discusses the potential takeover of the Federal Reserve by President Trump, highlighting the macroeconomic implications.  Economist, author and publisher of Macro Watch, Richard Duncan, joins the show and explains that central bank independence is crucial to prevent political influence on monetary policy, which could lead to excessive money supply and inflation.  Trump's policies, including tariffs and spending bills, are inflationary, necessitating lower interest rates.  Resources: Subscribe to Macro Watch at RichardDuncanEconomics.com and use promo code GRE for a 50% discount. Gain access to over 100 hours of macroeconomic video archives and new biweekly insights into the global economy. Show Notes: GetRichEducation.com/571 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, the President has a plan to completely take over the Fed, a body that historically stays independent of outside influence. Learn the fascinating architecture of the planned fed seizure and how it's expected to unleash a wealth Bonanza and $1 crash with a brilliant macroeconomist today, it'll shape inflation in interest rates in the future world that you'll live in today. On get rich education.    Speaker 1  0:33   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads in 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Corey Coates  1:21   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Speaker 1  1:31   Welcome to GRE from Fairfax, Virginia to Fairfield, California, and across 188 nations worldwide. I'm Keith Weinhold, and you are listening to get rich education. The Federal Open Market Committee is the most powerful financial institution, not only in the nation, but in the entire world, and when an outside force wants to wrestle it and take it down. The change that it could unleash is almost incredible. It's unprecedented. The President wants full control. Once he has it, he could then slash interest rates, order unlimited money creation, and even peg government bond yields wherever he wishes, and this could drive wealth to extraordinary new highs, but this also carries enormous risks for the dollar and inflation and overall financial stability. And I mean, come on now, whether you like him or not, is Trump more enamored of power than Emperor Palpatine in Star Wars or what this is fascinating. Today's guest is going to describe the architecture of the takeover the grand plan. Our guest is a proven expert on seeing what will happen next in macroeconomics. He's rather pioneering in AI as well. But today, this all has so much to do with the future of inflation and interest rates. We're going to get into the details of how, step by step, Trump plans to infiltrate and make a Fed takeover.    Keith Weinhold  3:23   I'd like to welcome back one of the more recurrent guests in GRE history, because he's one of the world's most prominent macroeconomists, and he was this show's first ever guest back in 2014 he's worked with the World Bank and as a consultant to the IMF. He's contributed a lot on CNBC, CNN and Bloomberg Television. He's a prolific author. His books have been taught at Harvard and Columbia, and more recently, he's been a guest speaker at a White House Ways and Means Committee policy dinner in DC. So people at the highest levels lean on his macroeconomic expertise. Hey, welcome back to GRE joining us from Thailand as usual. It's Richard Duncan   Richard Duncan  4:03   Keith, thank you for that very nice introduction. It's great to see you again.   Keith Weinhold  4:08   Oh, it's so good to have you back. Because you know what, Richard, what caught my attention and why I invited you back to the show earlier than usual is about something that you published on macro watch, and it's titled, Trump's conquest of the Fed will unleash a wealth Bonanza, $1 crash and state directed capitalism. I kind of think of state directed and capitalism as two different things, so there's a few bits to unpack here, and maybe the best way is to start with the importance of the separation of powers. Tell us why the Fed needs to maintain independence from any influence of the president.   Richard Duncan  4:44   Central banks have gained independence over the years because it was realized that if they didn't have independence, then they would do whatever the president or prime minister told them to do to help him get reelected, and that would tend to lead to excessive money supply. Growth and interest rates that were far too low for the economic environment, and that would create an economic boom that would help that President or politician get reelected, but then ultimately in a bust and a systemic financial sector crisis. So it's generally believed that central bank independence is much better for the economy than political control of the central bank.   Speaker 1  5:24   Otherwise we would just fall into a president's short term interests. Every president would want rates essentially at zero, and maybe this wouldn't catch up with people until the next person's in office.   Richard Duncan  5:35   That's right. He sort of wants to be Fed Chair Trump. That's right, president and Fed Chairman Trump on the horizon. It looks like won't be long, Now.   Speaker 1  5:45   that's right. In fact, even on last week's episode, I was talking about how Trump wants inflation, he won't come out and explicitly say that, of course, but when you look at the majority of his policies, they're inflationary. I mean, you've got tariffs, you've got deportations, this reshaping of the Fed that we're talking about the hundreds of billions of dollars in spending in the one big, beautiful Bill act. It is overwhelmingly inflationary.   Richard Duncan  6:12   It is inflationary. And he may want many of those things that you just mentioned, but what he doesn't want is what goes along with high rates of inflation, and that is high interest rates, right? If interest rates go up in line with inflation, as they normally do in a left to market forces, then we would have significantly higher rates of inflation. There would also be significantly higher rates of interest on the 10 year government bond yield, for instance. And that is what he does not want, because that would be extremely harmful for the economy and for asset prices, and that's why taking over the Federal Reserve is so important for him, his policies are going to be inflationary. That would tend to cause market determined interest rates to go higher, and in fact, that would also persuade the Fed that they needed to increase the short term interest rates, the federal funds rate, if we start to see a significant pickup in inflation, then, rather than cutting rates going forward, then they're more likely to start increasing the federal funds rate. And the bond investors are not going to buy 10 year government bonds at a yield of 4% if the inflation rate is 5% they're going to demand something more like a yield of 7% so that's why it's so urgent for the President Trump to take over the Fed. That's what he's in the process of doing. Once he takes over the Fed, then he can demand that they slash the federal funds rate to whatever level he desires. And even if the 10 year bond yield does begin to spike up as inflation starts to rise, then the President can instruct, can command the Fed to launch a new round of quantitative easing and buy up as many 10 year government bonds as necessary, to push up their price and to drive down their yields to very low levels, even if there is high rate of inflation.   Keith Weinhold  7:58   a president's pressure to Lower short term rates, which is what the Fed controls, could increase long term rates like you're saying, it could backfire on Trump because of more inflation expectations in the bond market.   Richard Duncan  8:12   That's right. President Trump is on record as saying he thinks that the federal funds rate is currently 4.33% he said it's 300 basis points too high. Adjusting would be 1.33% if they slash the short term interest rates like that. That would be certain to set off a very strong economic boom in the US, which would also be very certain to create very high rates of inflation, particularly since we have millions of people being deported and a labor shortage at the moment, and the unemployment rate's already very low at just 4.2% so yes, slashing short term interest rates that radically the federal funds rate that radically would be certain to drive up the 10 year government bond yield. That's why President Trump needs to gain control over the Fed so that he can make the Fed launch a new round of quantitative easing. If you create a couple of trillion dollars and start buying a couple of trillion dollars of government bonds, guess what? Their price goes up. And when the price of a bond goes up, the yield on that bond goes down, and that drives down what typically are considered market determined interest rates, but in this case, they would be fed determined interest rates Trump determined interest rates.   Speaker 1  9:28   Inflationary, inflationary, inflationary, and whenever we see massive cuts to the Fed funds rate that typically correlates with a big loss in quality of life, standard of living, and items of big concern. If we look at the last three times that rates have been cut substantially, they have been for the reasons of getting us out of the two thousand.com bubble, then getting us out of the 2000 day global financial crisis, then getting us out of covid in 2020, I mean, massive rate cuts are. Are typically a crisis response   Richard Duncan  10:02   yes, but if we look back, starting in the early 1980s interest rates have have trended down decade after decade right up until the time covid hit. In fact, the inflation rate was below the Fed's 2% inflation target most of the time between 2008 the crisis of 2008 and when covid started, the Fed was more worried about deflation than inflation during those years, and the inflation rate trended down. And so the interest rates tended to trend down as well, and we're at quite low levels. Of course, back in the early 1980s we had double digit inflation and double digit interest rates, but gradually, because of globalization, allowing the United States to buy more and more goods from other countries with ultra low wages, like China and now Vietnam and India and Bangladesh, buying goods from other countries with low wages that drove down the price of goods in the United States, causing goods disinflation, and that drove down the interest rates. That drove down the inflation rate. And because the inflation rate fell, then interest rates could fall also, and that's why the interest rates were trending down for so long, up until the time covid hit, and why they would have trended down again in the absence of this new tariff regime that President Trump has put into place. Now, this is creating a completely different economic environment. President Trump truly is trying to radically restructure the US economy. There is a plan for this. The plan was spelled out in a paper by the man who is now the Chairman of the Council of Economic Advisors. His name is Steven Moran, and the paper was called a user's guide to restructuring the global trading system. It was published in November last year, and it very clearly spelled out almost everything President Trump has done since then in terms of economic policy. It was truly a blueprint for what he has done since then, and this paper spelled out a three step plan with two objectives. Here are the three steps. Step one was to impose very high tariffs on all of the United States trading partners. Step two was then to threaten all of our allies that we would no longer protect them militarily if they dared to retaliate against our high tariffs. And then the third step was to convene a Mar a Lago accord at which these terrified trading partners would agree to a sharp devaluation of the dollar and would also agree to put up their own trade tariffs against China in order to isolate China. And the two objectives of this policy, they were to re industrialize the United States and to stop China's economic growth so that China would be less of a military threat to the United States, which it is currently and increasingly with each passing month. So so far, steps one and two have been carried out very high tariffs on every trading partner, and also threats that if there's any retaliation, that we won't protect you militarily any longer. And also pressure on other countries to put high tariffs against China. The idea is to isolate China between behind a global tariff wall and to stop China's economic growth. So you can see that is what President Trump has been doing. And also in this paper, Stephen Marin also suggested that it would be very helpful if the Fed would cooperate to hold down 10 year government bond yield in this environment, which would naturally tend to push the bond yields higher. So that paper really did spell out what President Trump has done since then.   Keith Weinhold  13:59   This is fascinating about this paper. I didn't know about this previously, so this is all planned from tariffs to a Fed takeover.   Richard Duncan  14:08   That's right, the idea is to re industrialize the United States. That's what President Trump has been saying for years. Make America Great Again. And it's certainly true that America does need to have the industrial capacity to make steel and ships and pharmaceutical products and many other things in his own national self defense. But there's a problem with this strategy since the breakdown of the Bretton Woods system, and we've talked about this before, so I will do this fast forwarding a bit when the Bretton Woods system broke down up until then it broke down in 1971 before then, trade between countries had to balance. So it wasn't possible for the United States to buy extraordinarily large amounts of goods from low wage countries back then, this thing that's caused the disinflation over the last four decades, trade had to balance because on the Bretton Woods system, if we had a big trade deficit. Deficit, we had to pay for that deficit with gold. US gold, and gold was money. So if we had a big trade deficit and had to pay out all of our gold other countries to finance that deficit, we would run out of gold. Run out of money. The economy would hit a crisis, and that just couldn't continue. We'd stop buying things from other countries. So there was an automatic adjustment mechanism under the Bretton Woods System, or under the classical gold standard itself that prevented trade deficits. But once Bretton Woods broke down in 1971 It didn't take us too long to figure out that it could buy extraordinarily large amounts of things from other countries, and it didn't have to pay with gold anymore. It could just pay with US dollars, or more technically, with Treasury bonds denominated in US dollars. So the US started running massive trade deficits. The deficits went from zero to $800 billion in 2006 and now most recently, the current account deficit was $1.2 trillion last year. So the total US current account deficit since the early 1980s has been $17 trillion this has created a global economic boom of unprecedented proportions and pulled hundreds of millions of people around the world out of poverty. China is a superpower now, because of its massive trade surplus with the US, completely transformed China. So the trade surplus countries in Asia all benefited. I've watched that firsthand, since I've spent most of my career living in Asia, but the United States also benefited, because by buying things from low wage countries that drove down the price of goods, that drove down inflation, that made low interest rates possible, that made it easier for the US to finance its big budget deficits at low interest rates, and so with Low interest rates, the government could spend more and stimulate the economy. Also with very low interest rates, stock prices could go higher and home prices could go higher. This created a very big economic boom in the United States as well. Not only did the trade surplus, countries benefit by selling more to the US, but the US itself benefited by this big wealth boom that has resulted from this arrangement. Now the problem with President Trump's plan to restructure the US economy is that he wants to bring this trade deficit back down essentially to zero, ideally, it seems. But if he does that, then that's going to cut off the source of credit that's been blowing this bubble ever larger year after year since the early 1980s and we have such a big global credit bubble that if this source of credit has been making the bubble inflate, the trade deficit, if that were to significantly become significantly lower, then this credit that's been blowing up, the bubble would stop, and the bubble would implode, potentially creating very severe, systemic financial sector crisis around the world on a much, probably a much larger scale than we saw in 2008 and leading to a new Great Depression. One thing to think about is the trade deficit is similar to the current account deficit. So the current account deficit is the mirror image of capital inflows into the United States. Every country's balance of payments has to balance. So last year, the US current account deficit was $1.2 trillion that threw off $1.2 trillion into the global economy benefiting the trade surplus countries. But those countries received dollars, and once they had that 1.2 trillion new dollars last year, they had to invest those dollars back into us, dollar denominated assets of one kind or another, like government bonds or like US stocks, and that's what they did. The current account deficit is the mirror image of capital inflows into the United States. Last year was $1.2 trillion of capital inflows. Now if you eliminate the current account deficit by having very high trade tariffs and bringing trade back into balance, you also eliminate the capital inflows into the United States, and if we have $1.2 trillion less money coming into the United States a year or two from now, that's going to make it much more difficult to finance the government's very large budget deficits. The budget deficits are expected to grow from something like $2 trillion now to $2.5 trillion 10 years from now, and that's assuming a lot of tariff revenue from the tariffs, budget deficit would be much larger still. So we need the capital inflows from these other countries to finance the US budget deficit, the government's budget deficit. If the trade deficit goes away, the capital inflows will go away also, and with less foreign buying of government us, government bonds, then the price of those bonds will fall and the yield on those bonds will go up. In other words, if there are fewer buyers for the bonds, the price of the bonds will go down and the yield on the bonds will go up. In other words, long term interest rates will go up, and that will be very bad for the US Economy   Speaker 2  14:08   the yields on those 10 year notes have to go up in order to attract investors. Mortgage rates and everything else are tied to those yields.   Richard Duncan  19:36   That's right. And cap rates. When people consider investing in tech stocks, they consider they'll buy fewer stocks if the interest rates are higher. So this is why it's so important for President Trump to conquer the Fed, to take over the Fed. That's what he's doing. Technically, he's very close to accomplishing that. Shall we discuss the details?   Speaker 1  20:29   Yes, we should get more into this fed takeover, just what it means for the future of real estate markets and stock markets. With Richard Duncan, more, we come back. I'm your host, Keith Weinhold   Keith Weinhold  20:41   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Chaley Ridge personally. While it's on your mind, start at Ridge lendinggroup.com. That's Ridge lendinggroup.com. You know what's crazy?    Keith Weinhold  21:13   Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns and it compounds. It's not some high risk gamble like digital or AI stock trading, it's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family. 266, 866, to learn about freedom family investments, liquidity fund again. Text family. 266, 866,   Dani-Lynn Robison  22:24   you is freedom family investments co founder, Danny Lynn Robinson, listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Speaker 1  22:31   Welcome back to get Education. I'm your host. Keith Weinhold, we're talking with macroeconomist Richard Duncan about a Fed takeover. I think the President wants to be Fed Chair Trump, Richard. Talk to us more about this, because this is really part of a grand plan.   Richard Duncan  22:57   So the Federal Reserve is in charge of monetary policy. That means it sets the interest rates on the federal funds rate, the short term interest rates, and it also has the power to create money through quantitative easing or to destroy money through quantitative tightening. So the Fed is in charge of monetary policy. The Fed makes its decisions at its it meets eight times a year, the Federal Open Market Committee, the FOMC, meets eight times a year, and they take votes. They discuss what's going on in the economy. They make a decision about what they should do about interest rates, and in some cases, decisions about creating or destroying money through quantitative easing or quantitative tightening. They take a vote. The structure of the Federal Reserve System is as follows. There are seven members of the Federal Reserve Board of Governors, so there are seven fed governors there. The Federal Reserve Board is in based in Washington, DC. In addition to that, there are 12 Federal Reserve banks around the country, like the Federal Reserve Bank of St Louis, for instance, or the Federal Reserve Bank of Kansas, the Federal Reserve Bank of New York. Each of these Federal Reserve Banks have a president, so there are 12 Federal Reserve Bank presidents now at the FOMC meetings where interest rates are decided, all seven fed governors get a vote, but only five Federal Reserve Bank presidents get to vote, and they rotate their votes every year they the following year are different. Five fed presidents get to vote. The Federal Reserve Bank president of New York always gets the vote because New York is such an important financial center, but the other four other presidents keep rotating year after year, and the presidents, 12 presidents, serve five year terms, and they can be reappointed, and their terms expire all at the same time, all on the same day, all of their terms will expire next year on February 28 and they will perhaps be reappointed and perhaps. Be reappointed. So that's the structure, seven Federal Reserve Bank governors and 12 Federal Reserve Bank presidents. All the governors. All seven get to vote at every FOMC meeting, but only five of the Presidents get to vote. So that's a total of 12. The Governors of the Federal Reserve System are the most important the seven. Those seven include the Chairman, Chairman Powell, and this is why they're the most important. They're important because if four of the seven have the power to fire all of the Federal Reserve Bank presidents, if four fed governors vote together, they can fire all 12 Federal Reserve Bank presidents. It only takes four. Only takes four. Then those Federal Reserve Bank presidents would have to be replaced, but the Federal Reserve Board of Governors has to approve the replacements. So if President Trump has four fed governors who will do what he tells them to do, then they can fire all the Federal Reserve Bank presidents and only replace them with other people who will do what President Trump tells them to do. Gosh. So what this means is, if the president can get four Federal Reserve Bank governors out of seven, then he has absolute control over monetary policy. He can do anything he wants with interest rates. He can do anything he wants with quantitative easing. So how many does he have now? Well, he has two that he's appointed, Christopher Waller and Michelle Bowman. They voted to cut interest rates at the last FOMC meeting. That was a dissenting vote, because the rest of the voting members voted to hold interest rates steady. Those two have already voted with the President, so they're on Team Trump, and they're going to stay on Team Trump, because both of them would like to become Fed Chairman when Jerome Powell term expires in May next year, very suddenly and very unexpectedly. A month or so ago, another fed Governor resigned. Her name is Adriana Coogler. Her term was not due to expire for another six months, and she'd not given any indication that she was going to resign early, but she did this now gives the President can nominate the Federal Reserve Bank governors. So he is nominated Stephen Moran, the one who wrote the paper the grand plan. Grand plan. He's nominated him to replace Adriana Coogler, yeah, and he's going to vote on him on his appointment, perhaps within very soon, and it only takes 51 senators to vote him in. And since the Republicans control the Senate, he will be approved, it seems very likely that he will be approved, and that will give President Trump the third vote on the FOMC. He will have three out of the seven governors. He only needs one more, and this is where at least the cook comes in. So on the 26th of August, I think President Trump announced that he was firing Lisa Cook, a Fed governor, because she allegedly had made misleading statements on some mortgage applications that have not been proven yet, that they are alleged. So he says that he has fired her. She has said he does not have the right to fire her. The legal cases that the President does have the right to fire a Federal Reserve Bank Governor, but only for cause. And so there's a real question whether this qualifies as being for cause or not, especially since it's only alleged at this point, but assuming that he does get control. So if he does succeed in firing her, he will be able to appoint her replacement, and that will give him four members, four governors out of the seven. And as we just discussed, with four out of seven, he will have complete control over monetary policy, because with four out of seven, that would give him the power to command those four to vote to fire all 12 presidents of the Federal Reserve Banks, and then to appoint new presidents of the Federal Reserve Banks who would vote along with whatever President Trump tells them to vote for. So in that case, with four fed governors, he would have those Four Plus he would have the five presidents that he would appoint from the Federal Reserve Banks voting for him. So five plus four, that is nine, nine out of 12 voting members on the Federal Open Market Committee. He would be guaranteed nine out of 12 votes on the FOMC, and that would give him complete control over monetary policy, and that's what he needs, because his policies are inflationary. They're going to drive up inflation. They're and that's going to push up the 10 year government bond yield, and it would normally make the Fed also increase the federal funds rate, because higher inflation should the Fed in. Increase the interest rates to cool down the higher inflation. But now that's not going to happen, because he is going to take over the FOMC one way or the other. Just by firing Lisa Cook, he's sending a very clear message to all the other fed governors and to the 12 existing Federal Reserve Bank presidents, you do what I tell you or you may be investigated too. You're next, one way or the other, the President is going to get what the President wants, and what he wants is control over monetary policy, and what that means is much lower short term interest rates and probably another very big round of quantitative easing to hold down long term interest rates as well.   Keith Weinhold  30:41   That was an amazing architecture and plan that you laid out for how a President can take over the Federal Open Market Committee. That was amazing to think about that, and what we believe he wants you talked about it is potentially quantitative easing, which is a genteel way of saying dollar printing. Is it lowering the Fed funds rate down to, I think 1% is what he desired, and we're currently at about 4.3%   Richard Duncan  31:08   that's right. He said he'd like to see the federal funds rate 300 basis points lower, which would put 1.3% we could see a series of very sharp interest rate cuts by the Fed in the upcoming FOMC meetings, so we could see the short term interest rates falling very quickly, but as we discussed a little bit earlier, that would alarm the bond market and investors, because they would realize that much lower interest rates would lead to much higher rates of inflation by overstimulating the economy. And so the 10 year bond yields will move higher for fear of inflation, and that will then force President Trump to command the Fed, to create money through quantitative easing on a potentially trillion dollar scale, and start buying up government bonds to push up their price and drive down their yields, so that the 10 year bond yields and the 30 year bond yields will fall. And since mortgage rates are pegged to the government bond yields mortgage rates will fall, and credit card rates will fall, and bank lending rates will fall, and this will kick off an extraordinary economic boom in the US, and also drive asset prices very much higher and create a wealth Bonanza,   Keith Weinhold  32:15   right? And here, Richard and I are talking interestingly, just two days before the next Fed decision is rendered, therefore, with eminent cuts, we could very well see soaring stock and real estate markets fueled by this cheap credit and this quantitative easing, at least in the shorter term.   Richard Duncan  32:36   But timing is something one must always keep in mind, there is a danger that we could actually see a sell off in the stock market in the near term. If we start seeing the Fed slashing interest rates, then the 10 year bond yields will start moving higher. That would ultimately lead to quantitative easing to drive those yields back down. But when the falling short term interest rates start pushing up interest rates on the 10 year government bond yield because investors expect higher rates of inflation, that could spook the stock market. The stock market's very expensive, so before QE kicks in, there could actually be a period where raising expectations for higher rates of inflation drive the 10 year bond yields higher before the Fed can step in and drive them back down again. We could actually see a sell off in the stock market before we get this wealth boom that will ultimately result when the Fed cuts the short term rates and then quantitative easing also drives down the long term rates. I hope that's not too confusing. There could be a intermediate phase, where bond yields move higher, and that causes the stock market to have a significant stumble. But that wouldn't last long, because then President Trump would command the Fed to do quantitative easing, and as soon as the president says on television that he's going to do quantitative easing, between the moment he says quantitative and the moment he says easing, the stock market is going to rocket higher.   Keith Weinhold  34:05   And here we are at a time where many feel the stock market is overvalued. Mortgage rates have been elevated, but they're actually still a little below their historic norms. The rate of inflation hasn't been down at the Fed's 2% target in years, it's been above them, and we've got signs that the labor market is softening.   Richard Duncan  34:25   That's true. The labor market numbers in the most recent job number were quite disappointing, with the revisions to earlier months significantly lower. But of course, with so many people being deported from the United States now, that's contributing to this lower job growth numbers. If you have fewer people, there are fewer people to hire and add to job creation, so that may have some distorting impact on the low job creation numbers. The economy actually is seems to be relatively strong the the. Latest GDP now forecast that the Atlanta Fed does is suggesting that the economy could grow by three and a half percent this quarter, which is very strong. So the economy is not falling off a cliff by any means. If the scenario plays out, as I've discussed, and ultimately we do get another round of quantitative easing and the Fed cuts short term interest rates very aggressively. That will create a very big economic boom with interest rates very low. That will push up real estate prices, stock prices and gold prices and Bitcoin prices and the price of everything except $1 the dollar will crash because currency values are determined by interest rate differentials. Right now, the 10 year government bond yield is higher than the bond yields in Europe or Japan, and if you suddenly cut the US interest rates by 100 basis points, 200 basis points, 300 basis points, and the bond yields go down very sharply, then it'll be much less attractive for anyone to hold dollars relative to other currencies, and so there will be a big sell off of the dollar. And also, if you create another big round of quantitative easing and create trillions of dollars that way, then the more money you create, the less value the dollar has supply and demand. If you have trillions of extra new dollars, then the value of the dollar loses value. So the dollar is likely to take a significant tumble from here against other currencies and against hard assets. Gold, for instance, that's why we've seen such an extraordinary surge in gold prices.   Speaker 1  36:38   right? Gold prices soared above three $500 and Richard I'm just saying what I'm thinking. It's remarkable that Trump continues to be surrounded by sycophants that just act obsequiously toward him and want to stay in line and do whatever he says. And I haven't seen anyone breaking that pattern.   Richard Duncan  36:59   I'm not going to comment on that observation, but what I would like to say is that if this scenario does play out, and it does seem that we're moving in that direction, then this big economic boom is very likely to ultimately lead to the big economic bust. Every big boom leads to a big bust, right? Big credit booms lower interest rates, much more borrowing by households, individuals, companies. It would while the borrowing is going on, the consumption grows and the investment grows, but sooner or later, it hits the point where even with very low interest rates, the consumers wouldn't be able to repay their loans, like we saw in 2008 businesses wouldn't be able to repay their loans, and they would begin defaulting, as they did in 2008 and at that point, everything goes into reverse, and the banks begin to fail when they don't receive their loan repayments. And it leads to a systemic financial sector crisis. The banks lend less when credit starts to contract, then the economy collapses into a very serious recession, or even worse, unless the government intervenes again. So big boom that will last for a few years, followed by a big bust. That's the most probable outcome, but I do see one other possibility of how that outcome could be avoided, on the optimistic side, and this is it. If once President Trump slash Fed Chairman Trump has complete control over US monetary policy, then it won't take him long to realize Stephen Moran has probably already told him that he would then be able to use the Fed to fund his us, sovereign wealth fund. You will remember, back in February, President Trump signed an executive order creating a US sovereign wealth fund. And this was music to my ears, because for years, as you well know, I've been advocating for the US government to finance a multi trillion dollar 10 year investment in the industries and technologies of the future   Keith Weinhold  39:01   including on this show, you laid that out for us a few years ago and made your case for that here, and then Trump made it happen.   Richard Duncan  39:08   Let's try my book from 2022 it was called the money revolution. How to finance the next American century? Well, how to finance the next American Century is to have the US, government finance, a very large investment in new industries and new technologies in things like artificial intelligence, quantum computing, nanotechnology, genetic engineering, biotech, robotics, clean energy and fusion, create fusion and everything, world where energy is free, ultimate abundance. So I was very happy that President Trump created this US sovereign wealth fund. Now that he will soon have complete control over his US monetary policy, he will understand that he can use the Fed to fund this, US sovereign wealth fund. He can have the Fed create money through quantitative easing and. And start investing in fusion. We can speed up the creation of the invention of low cost fusion. We could do that in a relatively small number of years, instead of perhaps a decade or longer, as things are going now, we could ensure that the United States wins the AI arms race that we are in with China. Whoever develops super intelligence first is probably going to conquer the world. We know what the world looks like when the United States is the sole superpower. We've been living in that world for 80 years. Yeah, we don't know what the world would look like if it's conquered by China. And China is the control super intelligence and becomes magnitudes greater in terms of their capacity across everything imaginable than the United States is whoever wins the AI arms race will rule the world. This sort of investment through a US sovereign wealth fund would ensure that the winner is the US and on atop it, so it would shore up US national security and large scale investments in these new technologies would also turbocharge US economic growth and hopefully allow us to avoid the bust that is likely to ultimately occur following The approaching boom, and keep the economy growing long into the future, rather than just having a short term boom and bust, a large scale investment in the industries of the future could create a technological revolution that would generate very rapid growth in productivity, very rapid economic growth, shore up US national security, and result in technological miracles and medical breakthroughs, possibly curing all the diseases, cure cancer, cure Alzheimer's, extend life expectancy by decades, healthy life expectancy. So that is a very optimistic outcome that could result from President Trump becoming Fed Chairman Trump and gaining complete control over monetary policy. And this is all part of the plan of making America great again. If he really followed through on this, then he certainly would be able to restructure the US economy, re industrialize it, create a technological revolution that ensured us supremacy for the next century. That's how to finance the next American century.   Speaker 1  42:23   Oh, well, Richard, I like what you're leaving us with here. You're giving us some light, and you're talking about real productivity gains that really drives an economy and progress and an increased standard of living over the long term. But yes, in the nearer term, this fed takeover, there could be some pain and a whole lot of questions in getting there. Richard, your macro watch piece that caught my attention is so interesting to a lot of people. How can more people learn about that and connect with you and the great work you do on macro watch, which is your video newsletter   Richard Duncan  43:00   Thanks, Keith. So it's really been completely obvious that President Trump was very likely to try to take over the Fed. Nine months ago, I made a macro watch video in December called Will Trump in the Fed, spelling out various ways he could take over the Fed, and why he probably would find it necessary to do so. So what macro watch is is it describes how the economy really works in the 21st Century. It doesn't work the way it did when gold was money. We're in a completely different environment now, where the government is directing the economy and the Fed, or seeing the President has the power to create limitless amounts of money, and this changes the way everything works, and so that's what macro watch explains. It's a video newsletter. Every couple of weeks, I upload a new video discussing something important happening in the global economy and how that's likely to impact asset prices, stocks, bonds, commodities, currencies and wealth in general. So if your listeners are interested, I'd encourage them to visit my website, which is Richard Duncan economics.com that's Richard Duncan economics.com and if they'd like to subscribe, hit the subscribe button. And for I'd like to offer them a 50% subscription discount. If they use the discount coupon code, G, R, E, thank you, GRE, they can subscribe at half price. I think they'll find that very affordable. And they will get a new video every couple of weeks from me, and they will have immediate access to the macro watch archives, which have more than 100 hours of videos. Macro watch was founded by me 12 years ago, and I intend to keep doing this, hopefully far into the future. So I hope your listeners will check that out.   Keith Weinhold  44:46   Well, thanks, both here on the show and on macro watch Richard gives you the type of insight that's hard to find anywhere else, and you learn it through him oftentimes before it makes the headlines down the road. So. Richard, this whole concept of a Fed takeover is just unprecedented, as far as I know, and it's been so interesting to talk about it. Thanks for coming back onto the show.   Richard Duncan  45:08   Thank you, Keith. I look forward to the next time.   Speaker 1  45:17   Yeah, fascinating stuff from Richard in the nearer term, we could then see interest rate cuts that would go along with cuts to mortgages and credit card rates and car loan rates and all kinds of bank lending rates. This could pump up the value of real estate, stocks, Bitcoin, gold, nearly everything a wealth bonanza. Now, in polls, most Americans think that the Fed should stay independent from outside control. You really heard about how the President is dismantling the safeguards that protect that fed independence, the strategy he's using to bend the Federal Open Market Committee to His will. And this is not speculation, because, as you can tell, the takeover of the Fed is already underway. A fed governor has been fired. New loyalists are being installed, and key votes are lining up in the President's favor. But as far as the longer term, you've got to ask yourself, if these policies will inflate a giant bubble destined to burst down the road. I mean triggering a crisis as bad as 2008 I mean, these are the very questions that every investor should be asking right now, if you find this in similar content fascinating, and you want to stay on top of what is forward looking what's coming next macroeconomically, check out Richard Duncan's macro watch at Richard Duncan economics.com for our listeners, he's long offered the discount code for a 50% discount that code is GRE, that's Richard Duncan economics.com and the discount code GRE next week here on the show, we're bringing it back closer to home with key us, real estate investing strategies and insights, a lot of ways to increase your income. Until then, I'm your host. Keith Weinhold, don't quit you Daydream.   Speaker 3  47:20   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Speaker 1  47:40   You You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access, and it's got paywalls and pop ups and push notifications and cookies disclaimers, it's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point, because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text gre 266, 866, while it's on your mind, take a moment to do it right now. Text gre to 66866,   Keith Weinhold  48:59   The preceding program was brought to you by your home for wealth, building, get richeducation.com you.  

The media obsesses over whether Powell should cut rates, but they're missing the bigger story entirely…Since 2022, the Federal Reserve has fundamentally lost its ability to control long-term interest rates - and that might be the best thing to happen to American monetary policy in decades.Joe Withrow from the Phoenician League returns to break down the most important financial shift you've never heard of: the transition from LIBOR to SOFR. While everyone argues about Fed policy, a quiet revolution has returned actual market forces to interest rate setting. The days of European banks manipulating global rates through sealed envelope submissions are over, replaced by real transactions from real institutions with real obligations.This episode examines the mechanics of interest rates, repo markets, and why Trump's demands for rate cuts might not matter as much as everyone thinks. From the $9 trillion debt rollover crisis to the geopolitical implications of monetary independence, Hans and Joe connect the dots between outdated financial instruments and your personal investment strategy.Chapters:00:00 - Intro04:05 - The five pillars and financial security foundation07:30 - Interest rates overview and Fed manipulation myths11:15 - LIBOR vs SOFR transition and why it matters14:45 - Setting aside preferences for objective analysis17:45 - Central bank money vs commercial bank money explained19:05 - LIBOR calculation method exposed22:25 - The shocking truth about rate manipulation25:45 - Ben Bernanke's "globally coordinated monetary policy"28:20 - COVID awakening and financial system skepticism29:20 - Fed funds rate mechanics and overnight lending31:10 - The $9 trillion debt rollover crisis32:20 - Powell vs Yellen: American vs globalist monetary policy35:10 - Balance sheet reduction and QE reversal36:30 - SOFR liberation from European bank control39:10 - World Economic Forum and "own nothing, be happy"40:25 - Immigration and cultural hierarchy discussion42:25 - SOFR based on actual market transactions44:30 - Repo market mechanics explained47:40 - Market forces vs manipulation in rate setting48:20 - Baseball card analogy for repo transactions52:00 - 10-year treasury as global risk-free rate53:30 - Market forces returning to long-term rates54:40 - Powell's rate cuts and opposite market reaction57:25 - Stephen Moran appointment and dollar devaluation strategy59:30 - Manufacturing reshoring and central planning concerns01:01:15 - Federal Reserve independence vs political control01:03:25 - Board of Governors structure and 14-year terms01:04:55 - Rate policy and asset price manipulation01:07:10 - Phoenician League membership and strategy sessions01:11:15 - Low stress trading strategy integration01:15:50 - Closing thoughts and next stepsKey Takeaways:- LIBOR was manipulated by 17 banks submitting sealed envelope "guesses" with no binding obligations- SOFR is based on actual overnight lending transactions between real institutions- This shift has fundamentally severed the Fed's control over long-term interest rates- Powell's 1% rate cut in 2024 caused long-term rates to go UP, proving the new dynamic- Fed only controls short-term rates (up to 2 years) through the Fed funds rate- Traditional "refinance when rates drop" assumptions no longer reliableGot Questions? Reach out to us at info@remnantfinance.com or book a call at https://remnantfinance.com/calendar!Visit https://remnantfinance.com for more informationLow Stress Trading: https://remnantfinance.com/optionsPhoenician League: membership.phoenicianleague.comFOLLOW REMNANT FINANCEYoutube: @RemnantFinance (https://www.youtube.com/@RemnantFinance)Facebook: @remnantfinance (https://www.facebook.com/profile?id=61560694316588)Twitter: @remnantfinance (https://x.com/remnantfinance)TikTok: @RemnantFinanceDon't forget to hit LIKE and SUBSCRIBE

We are joined in our latest edition of BM Talks by Dame Harriett Baldwin, MP for West Worcestershire who served as Chair of the Treasury Select Committee and is now Shadow Business and Trade Minister. Prior to joining parliament she was Head of Currency Management at JP Morgan Investment Management.We asked: How do you assess the UK's fiscal risks right now?Do the current fiscal rules command credibility in the markets?Do you think UK gilts retain safe haven status?Should the Treasury Select Committee have a beefed up role in fiscal oversight?Did the Bank of England get it wrong on QE and QT? 

QE or QT? The impact of these hangover expressions from another era is only now becoming apparent. Christopher Mahon of Columbia Threadneedle talks to Jonathan and Neil about how the Bank of England bought government stocks and sold them back at a loss. One example:paying £101 (QE) and later selling it for £28 (QT). The cost of this insane behaviour to the taxpayer? Probably over £115 billion (that's billion).Secure your tickets to our live event in Edinburgh – on the life and times of Fred 'the Shred' Goodwin – by clicking here. Presented by Neil Collins and Jonathan Ford.With Christopher Mahon.Produced and edited by Nick Hilton for Podot. Hosted on Acast. See acast.com/privacy for more information.

LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured  The Federal Reserve's credibility is cracking—and Scott Bessent just laid out why. From “gain of function” monetary policy to endless bailouts, the Fed has turned itself into a political machine. In this episode:How the Fed's post-2008 power grab set the stage for today's instabilityWhy “independence” at the Fed is more myth than realityHow reckless QE and regulatory failure fueled bank collapsesWhy both parties let the Fed keep breaking the rulesThe Fed was meant to stabilize markets. Instead, it's become the problem.

This week, Pete is rested after his holiday and may even be more tanned than Roger, for once! We answer a mixed bag of questions ranging from financial planning if you're on benefits to tax-free cash recycling and lots besides! Shownotes: https://meaningfulmoney.tv/QA24  01:38  Question 1 Hi there! I'm one of the very many people who look set to lose disability benefits (PIP and ESA) at the end of next year. I was disabled following an industrial injury 15 years ago and have a lifetime award of Industrial Injuries Disablement Benefit assessed as 70% disabled which currently brings £155/week. It's definitely not enough to live on let alone pay the additional costs of being disabled. (there's no chance of recovery enough to work as I can't access healthcare but that's a long story) I am 50 and conventional life plans involve maintaining saving/investing  through midlife on the expectation of reduced income on retirement. But I'm now facing acute poverty for 15 years until I hit the relative luxury of state pension. (Assuming I can find the cash to buy the missing NI years!) I have some assets that are pretty badly managed on account of my being unwell, and in particular a second flat which has £7000pa post-grenfell service charges and so can neither be mortgaged, sold nor rented out until those repairs finally complete-if they ever do! I think I can afford to cover costs from cash savings/investments for maybe 5 years. But after that... Can you speak to the general point of financial planning for people with unconventional life trajectories, particularly disability, and especially what sort of financial information/support resources are available? I'm unsure if you've any specific suggestions for my situation to get me through a decade of sub-living income/cashable assets against potentially sustained high costs? Obvs I love what I can manage to get from the pod and was particularly interested when you've spoken of financial coaching. Cheers! Sam 10:06  Question 2 Hi Pete & Roger Loving the Q&A sessions. Even when topics aren't relevant to me it's still insightful to hear from other people and always educational to listen to your response. I suspect the answer to my question is simple but have yet to see an answer to it anywhere online! I have a cash ISA with T212 from 24/25 tax year and will have a new £20,000 to invest come April (cash ISA's are my preferred vehicle - long story!). Can I just add the new 20 to the existing ISA or do I need to take out a new one? And also, do I benefit from compound interest if I leave it all alone? Regards Maxi 13:06  Question 3 Hello I am loving the podcast and finding out about situations I would not have considered before listening. I don't know if you can help on this one, it's a bit of a tax question on CGT. We are a couple both with dual citizenship (Aus/British) and are planning a sabbatical break from working in 2026 for a minimum of 3 months, but this may turn into years. We have a house purchased in 2003 with no mortgage and want to know our CGT obligations if we were to be non residents when we sell our house? Also is this CGT obligation a tapering obligation like IHT when moving abroad? Kind regards, Sam 19:42  Question 4 Hello gents, Enjoying the podcast as always. Especially the Q&E episodes as I like to test myself to see if I would answer the questions the same as yourselves! My question, I am 20 years old and have recently got my Level 4 diploma with the CISI, and now looking to take the next steps in becoming a planner myself. The obvious route is to stick with the CISI, competing their Level 6 Advanced Financial Planning then the Level 7 Case Study to become CFP. However, just because it's obvious doesn't mean it's right! I seen that the CII's set up is completely different, lots a smaller exams, with the outcome being Chartered (not CFP). Am I overthinking this or are there pros and cons for each exam board. Also what is the different between CFP and Chartered? Many thanks, Lewis   27:28  Question 5 Hi Pete and Roger, Firstly, thanks for a great podcast - I've been listening for many years and often catch up with the latest episode whilst on the rowing machine at my local gym! I have a question regarding the pension recycling rules. In Feb 2024, I initiated a DB pension, taking £108,000 lump sum and a yearly amount of £15800. This was to pay off my partners property that we are both about to move into mortgage free. My total contribution was £200k and the remainder of the balance was from my savings. I currently earn £80k salary and have additional rental income from two properties I own of approx 10k net per annum. I am in the process of selling one of my properties and want to use the proceeds (after CG) to maximise my pension contributions  in tax year 25/26. So in total it would be about  £66K contributions (as I have carry over allowance from the past three years). Over the past 3 years my pension contributions on average have been approx. 35k per year.   I'm likely to retire within the next 18 months hence wanting to maximise my contributions during this time. However, my question is, would this higher pension contribution likely trigger the pension recycling rules because of the pension lump sum I took in 2024, even though that amount was used solely to pay off a property at the time? Many thanks and keep up the great work. Phil 37:05  Question 6 Hi Pete and Roger Thank you both for all you do. What do you think about keeping an emergency fund in a money market fund, rather than cash? Many thanks, Rob  

Parte II: Con el profesor César M. Meseguer destapamos la gran mentira de la inflación: cómo BCE/FED usan el sistema FIAT (tipos, QE, rescates) para licuar tu poder adquisitivo mientras te venden “estabilidad”. Del salto 1 € = 166,386 ptas al reetiquetado de precios y la pérdida crónica de ahorro; más control, menos efectivo. Explicamos por qué la moneda única favorece al Estado deudor y castiga al ahorrador, y cómo el oro actúa como ancla de valor a largo plazo. Si te dijeron que el euro era panacea, aquí va la letra pequeña que no sale en TV.  ✅¿Necesitas un PSI (Personal Shopper Inmobiliario) para acompañarte a invertir en bienes raíces en la Com.Madrid?: magnatesladrillo@gmail.com ✅Si vas en serio «La Biblia del Magnate del Ladrillo» está AQUÍ ✅

Gäste im Bernecker.TV - Podcast-Variante des Gesprächs von Walter Tissen (BerneckerTV) mit Robert Halver, Leiter der Kapitalmarktanalyse bei der Baader Bank, Aufzeichnung der Hauptsendung am 26.08.2025. Schlaglichter:++ Eindrücke zum Beitrag und Einleitung++ Jackson Hole als Fingerzeig für Fed-Linie?++ Fed - Unabhängigkeit in Gefahr?++ Zusätzlicher Treibstoff für Aktienmarkt durch QE?++ Wer zahlt die "Zoll-Zeche"?++ Hinweis auf Bernecker Investoren-Webinar++ Intel als Blaupause für staatliche Investments?++ Japan - Aktienchance für das Depot?++ Japan - Zinstendenz als Risikofaktor?++ Starker Euro als Ventil?++ Japan Aktien - Worauf sollte man achten?++ "Rot und Schwarz sind sich nicht miteinander grün"++ Politik Deutschland - Hang zum Sozialismus?++ Steuererhöhungen als Irrweg?++ Aktienmarkt Deutschland=======Jetzt informieren und registrieren zum Bernecker Investoren-Webinar mit Bernecker-Redaktionsleiter Volker Schulz. Infos:https://ichkaufeaktien.de/aktienchancen-2027/=======Lust auf noch mehr Sendungen im Bernecker.TV? Noch mehr unterschiedliche Experten? Infos zu Bernecker.TV:https://bernecker.info/bernecker-tv=======Anmeldung zum kostenlosen Experten-Newsletter der Bernecker-Redaktion über unsere Website:https://www.bernecker.info/newsletter

In this Monthly Wrap-Up, Craig Hemke sits down with Dr. Nomi Prins to decode the evolving Fed–Treasury dynamic, potential rate cuts and backdoor QE, and what it all means for gold, silver, copper, uranium, rare earths, and junior miners heading into September. You'll learn why policy shifts: Fed–Treasury “fusion,” appointments, and legal challenges—could be bullish for gold and silver; the realistic path to $5K gold and how a +50% surge can happen from here; the silver breakout setup near its 2011 high and the industrial kicker; why silver and copper landing on the U.S. critical minerals list matters for defense, AI, and energy; how uranium fast-tracking and rare earths factor into the commodity super-cycle; and how yield-curve talk, front-end cuts, and long-end moves ripple through metals.

Stephanie Pomboy returned this morning for her biweekly macro session on Thoughtful Money.We discussed her views on Fed rate cuts, inflation, credit spreads, the weakening consumer, recession risk, the housing market, her outlook for the US dollar…even the Taylor Swift/Travis Kelce engagement.Stephanie is eagerly awaiting next month's FOMC decision, as she thinks it has potential to be the event that punctures the market's current blind optimism — if the Fed starts cutting its policy rate but bond yields don't come down as hoped.What does she expect to happen if they don't?Find out by watching this video.And follow Stephanie at https://macromavens.com/Or on X at @spomboyLOCK IN THE EARLY BIRD PRICE DISCOUNT FOR THE THOUGHTFUL MONEY FALL CONFERENCE AT https://thoughtfulmoney.com/conference#federalreserve #inflation #marketcorrection 0:01 - Fed drama: Powell's Jackson Hole speech, staffing changes, and structural debates2:30 - Importance of Fed actions for financial markets and market mispricing8:15 - Potential triggers for bond yield declines: short squeeze or safety trade14:49 - Fed intervention risks: QE or operation twist amid economic slowdown20:05 - Investment strategy: Gold and energy as hedges against dollar debasement 9:03 - Inflation outlook: Disinflation expected due to consumer distress36:04 - Corporate margin squeeze and potential job losses41:41 - Why credit spreads remain tight despite economic risks48:30 - Housing market distress: High cancellations, cash-outs, and oversupply55:00 - Boomer aging and housing market headwinds58:13 - Thoughtful Money Fall Conference teaser, October 18th58:59 - Dollar outlook: Short-term strength, long-term decline vs. gold1:01:04 - Taylor Swift engagement's negligible economic impact1:03:30 - Where to follow Stephanie Pomboy's work_____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2025 Thoughtful Money LLC. All rights reserved.

In this episode, founder of The Macro Compass Alfonso Peccatiello breaks down the clash between Trump's political influence on the Fed, the reality of U.S. fiscal policy, and how to think about global markets at this moment in time. We also dig into forward rate pricing, the TGA rebuild, and the role of commodities and crypto in a world of loose monetary and fiscal policy. Enjoy! __ Follow Alf: https://x.com/MacroAlf  Follow Felix: https://x.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance  Follow Blockworks: https://twitter.com/Blockworks_  Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx  Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance  __ Join us at Digital Asset Summit in London October 13-15. Use code FORWARD100 for £100 OFF https://blockworks.co/event/digital-asset-summit-2025-london  __ This Forward Guidance episode is brought to you by VanEck. Learn more about the VanEck Semiconductor ETF (SMH):  http://vaneck.com/SMHFelix Learn more about the VanEck Fabless Semiconductor ETF (SMHX):  vaneck.com/SMHXFelix — Timestamps: (00:00) Introduction (02:42) What's Happening with Monetary Policy? (07:46) What Fed Risk is the Market Pricing? (10:55) Bond Market & Fiscal Tightening (13:54) Understanding Changing Fiscal Impulse (14:51) VanEck Ad (15:34) Understanding Changing Fiscal Impulse (19:46) QE vs Fiscal Deficits (24:41) Impact of TGA Rebuild (29:27) Signal for Average Macro Traders (30:04) VanEck Ad (35:05) Investing in High Inflation & Growth (36:59) European Markets (40:31) US Dollar & Emerging Markets (43:54) Commodities Outlook (47:03) Final Thoughts __ Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed. #Macro #Investing #Markets #ForwardGuidance

Jerome Powell's Jackson Hole speech marks a major pivot at the Federal Reserve. Peter Schiff explains how political pressure from the Trump administration has forced Powell's hand, why stagflation is now undeniable, and what this means for gold, the dollar, and the future of the U.S. economy.This episode is sponsored by NetSuite. Download the free ebook “Navigating Global Trade: 3 Insights for Leaders” at https://netsuite.com/goldIn this Sunday Night Live edition of The Peter Schiff Show, Peter compares Powell's capitulation to the “mind right” scene in Cool Hand Luke, warns about the Fed's coming return to QE, and exposes the dangerous precedent of the U.S. government seizing a 10% stake in Intel. Schiff lays out why gold, silver, and foreign stocks are outperforming, and why the next phase of the crisis will be even more severe.00:00 Introduction and Opening Remarks02:15 Powell's Jackson Hole Speech: A Sober Assessment06:48 Trump's Pressure and Powell's “Mind Right” Moment12:02 Comparing Trump and Biden Economies18:37 Stagflation Confirmed: Weak Growth, Stronger Inflation24:10 Fed Policy, Employment Risks, and Inflation Mandate29:44 The End of Inflation Averaging at 2%36:50 Rate Cuts, Quantitative Tightening, and QE Ahead44:15 Market Reactions: Stocks, Bonds, and the Dollar51:28 Gold and Silver Surge vs. Bitcoin's Underperformance58:44 Mining Stocks: GDX and GDXJ Leading 2025 Returns01:05:37 Foreign Stocks and the Great Rotation Out of U.S. Equities01:12:52 Intel's 10% Government Stake and Rising Corporatism01:20:46 Investment Strategy: Gold, Mining, and Foreign Markets01:28:14 Conclusion and Schiff Sovereign UpdateFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/books#federalreserve #stagflation #gold #inflation #dollarcollapse #economyOur Sponsors:* Check out Boll & Branch: https://bollandbranch.com/SCHIFF* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.comPrivacy & Opt-Out: https://redcircle.com/privacy

O "Ulrich Responde" é uma série de vídeos onde respondo perguntas enviadas por membros do canal e seguidores, abordando temas de economia, finanças e investimentos. Oferecemos uma análise profunda, trazendo informações para quem quer entender melhor a economia e tomar decisões financeiras mais informadas.00:00 - Nesse episódio do Ulrich Responde...02:38 - Está na hora de uma intervenção nessa crise diplomática? 04:00 - Há risco de confisco ou quebradeira de bancos no Brasil? 06:58 - O cálculo do PIB já desconta a inflação? 07:32 - Como funciona a diminuição de reservas do Banco Central após QE? 08:50 - O governo conseguirá rastrear lucros na venda de cripto com a nova MP? 10:07 - Quais gatilhos políticos e sociais fariam você sair do Brasil? 11:51 - A previsão de colapso do Bitcoin faz sentido? 12:59 - Já chegamos ao topo do ciclo do Bitcoin? 15:06 - Austríacos rejeitam totalmente a economia mainstream? 18:57 - Juros sobre reservas bancárias podem gerar inflação? 21:11 - Acordo da União Europeia com os EUA foi bom para ambos? 22:35 - Michael Saylor é visionário ou está inflando uma bolha? 24:48 - Pode acontecer um novo confisco no Brasil como no Collor? 26:41 - Empresas como Apple e Google podem deixar o Brasil por multas do STF? 28:27 - Vale a pena manter 100% em ativos no exterior? 29:16 - É seguro manter todo o patrimônio em renda fixa no Brasil? 31:39 - Deflação seria benéfica para um bom governo? 33:23 - O encontro Trump-Putin foi mais produtivo que uma reunião do Fed? 38:41 - A inteligência artificial é o fim da verdade? 39:50 - Como a Rússia conseguiu resistir às sanções dos EUA? 42:47 - Já passamos do ponto de não retorno nas instituições brasileiras? 43:45 - Qual a melhor forma de um investidor conservador fugir do risco Brasil? 44:13 - Lula 2026: como interpretar as pesquisas atuais? 44:53 - Quais os primeiros passos para investir em dólar? 45:30 - Você torce contra o Brasil ao criticar tanto a economia?

Today's Post - Analyzing the Fed's Balance Sheet: Quantitative Easing and Tightening Explored In this week's Dividend Cafe, host David Boson, Chief Investment Officer at The Bahnsen Group, dives deep into the Federal Reserve's balance sheet, covering the concepts of quantitative easing (QE) and quantitative tightening (QT). With historical context dating back to the 2008 financial crisis, Boson discusses the evolution of the Fed's monetary policy tools, the implications of rate cuts, and the future outlook for financial markets. Key topics include the effects of QE on financial stability, comparisons to Japan's monetary policies, and how today's economic environment shapes future Fed actions. Boson also speculates on the potential impacts of the upcoming Jackson Hole speech by Fed Chairman Jerome Powell and what it means for market expectations. 00:00 Introduction to Dividend Cafe 00:37 Current Market Expectations and Fed Rate Cuts 03:15 Understanding the Fed's Balance Sheet 03:57 History of Quantitative Easing (QE) 06:52 The Impact of QE on Financial Markets 14:21 Quantitative Tightening (QT) and Its Challenges 20:10 The Future of Fed Policies and Market Implications 27:26 Conclusion and Final Thoughts Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Roberto Rios, known online as Peruvian Bull, is a macro researcher and writer. He's best known for his Dollar Endgame series, where he explores global debt dynamics, reserve currency shifts, and the future of money. In this episode, Roberto joins The Bitcoin Frontier to share his insights on inflation mechanics, the breakdown of the yen carry trade, and how bitcoin fits into the global monetary reset. We dig into debt spirals, Triffin's dilemma, and why liquidity is the ultimate driver of financial markets.SUPPORT THE PODCAST:→ Subscribe→ Leave a review→ Share the show with your friends and family→ Send us an email: podcast@unchained.com→ Learn more about Unchained: https://unchained.com/?utm_source=you...→ Book a free call with a bitcoin expert: https://unchained.com/consultation?ut...TIMESTAMPS:0:00 – How QE, deficits, and government spending really drive inflation4:00 – Roberto's background, macro research journey, and Dollar Endgame series7:30 – Separating truth from propaganda in economics education12:00 – QE in 2010 vs. 2020: why one caused inflation and the other didn't16:00 – The 2022 rate hike cycle, liquidity drains, and banking crises20:30 – Reverse repo, TGA, and creative liquidity injections25:00 – Why global liquidity is the best barometer for bitcoin's price31:00 – Triffin's dilemma and the birth of the dollar system37:00 – Foreigners owning US assets and the long-term risk to Americans43:00 – The simulacrum of markets: why asset prices detach from reality46:00 – The US debt spiral and foreign demand for Treasuries52:00 – Long-term debt risks, short-term bills, and emerging market dynamics57:00 – Breakdown of the yen carry trade and why it matters globally1:03:00 – Japan as a testing ground for future Federal Reserve policies1:06:00 – How bitcoin solves Triffin's dilemma and fits into the new order1:09:00 – Where to follow Roberto and his Dollar Endgame researchWHERE TO FOLLOW US:→ Unchained X: https://x.com/unchained → Unchained Newsletter: https://unchained.com/newsletter→ Trey Sellers' Twitter: https://x.com/ts_hodl

“We're moving into another massive QE program,” warns Garrett Goggin, founder of Golden Portfolio and a leading gold and silver expert, in this exclusive conversation with Daniela Cambone. Goggin sees a seismic shift ahead as the Treasury and the Fed work in lockstep to finance ballooning U.S. debt, driving rates lower and flooding the system with liquidity. “This is truly gold's time,” he asserts, pointing to a historic setup where overpriced growth assets give way to deeply undervalued cyclical plays like gold miners — some trading at up to a 70% discount to fair value. With major producers “gushing cash” and retail investor exposure to gold still near decade lows, Goggin believes the sector is primed for a powerful revaluation. “When Buffett can't find value in growth, he'll come for the miners,” he adds, emphasizing that record debt, political spending, and a weakening dollar are “the perfect storm” for gold and silver to go ballistic. Read more about Garrett's work here: https://get.goldenportfolio.com/gpiv_buffettindicator/?tid=1e9d98715a524fef86651606b01dce0a&aid=59&_ef_transaction_id=1e9d98715a524fef86651606b01dce0a✅ FREE RESOURCESDownload the Ultimate Decision-Making Guide on Gold & Silver plus Daniela Cambone's Top 10 Lessons to safeguard your wealth (FREE)

Investing in Bizarro World Episodes: https://youtube.com/playlist?list=PLIAfIjKxr02sAztzlJNy1ug5bDvTVZkME&si=w2d_EF-B5jMo1dYD Subscribe to Investing In Bizarro World: @bizarroworld The free version of the 327th episode of Investing in Bizarro World is now published, with special guest Rudy Havenstein.A big thanks to Rudy for coming on the podcast. If you like what you hear, you can follow him on X (Twitter) @RudyHavenstein: https://x.com/RudyHavenstein or check out his Substack — A Havenstein Moment: https://rudy.substack.com/Here's what was covered:Macro Musings - Special guest Rudy Havenstein joins Gerardo and Nick to dissect the Epstein coverup — calling it the biggest scandal since JFK. The trio connect the dots between intelligence agencies, blackmail, arms trafficking, and a government that shuts down for summer instead of telling you who raped the kids. Rudy explains why Epstein was an intelligence asset used to manipulate global elites. They're not trying to punish. They're trying to control. The discussion covers Trump's reversal, the cowardice of Congress, the complicity of media, and the institutional rot that pervades both parties.Market Takes - A short segment this week as the Fed's role in wealth inequality takes center stage. Rudy and the hosts break down how zero interest rates (ZIRP), QE, and mortgage-backed security purchases created today's asset bubbles, destroyed housing affordability, and fueled class division. The Fed is a private cartel that picks winners and losers—and you're not one of them. Bizarro Banter - Elon, eugenics, and the elite's obsession with transhumanism. Gerardo and Nick ask Rudy whether anything can really change. The conversation turns to hope, skepticism, Ross Perot, Ron Paul, and the next generation. “If Epstein was guilty of trafficking girls… to no one, then who the hell is paying off all these victims?”Premium Portfolio Picks - For paid listeners only. Subscribe here: https://bit.ly/41ghcXn0:00 Introduction0:06 Macro Musings: Epstein, Intelligence Blackmail, and Political Cowards. Elon, Eugenics, and the Rot of the Ruling Class34:54 Market Takes: Fed Lies, Wealth Theft, and Housing Corruption46:39 Premium Portfolio Picks: A Gold Developer. A Copper Prospect Generator. Two Lithium Rebound Stocks. (You need to subscribe to Bizarro World Live to get this section) Subscribe here: https://bit.ly/41ghcXnPLEASE NOTE: There are now two versions of this podcast. 1. Bizarro World Live — Pay $2 per episode to watch us record the podcast live every Thursday and get Premium Portfolio Picks every week. Plus an archive of all premium episodes. Subscribe here: https://bit.ly/41ghcXn2. Bizarro World Free — Published the Monday after the live recording with no Premium Portfolio Picks.Visit our website Daily Profit Cycle for more content like this and more! https://dailyprofitcycle.com/

The US is ramping up its issuance of Treasury debt.Today's expert is concerned that this form of "fiscal QE" will lead to a resurgence in inflation, higher bond yields, a risk asset sugar high, a weaker dollar...and quite possibly a development market bond crisis.To understand why, today we're fortunate to sit down with Simon White, Macro Strategist at Bloomberg and co-founder of the investment-advisory firm Variant Perception.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com#bondmarket #debtcrisis #deficit 0:00 - Global Economic Outlook5:58 - Why Markets Ignore Risks7:34 - Market Optimism and Trump Policies9:17 - Tariff Burden Sharing12:54 - Tariffs and Inflation15:37 - Tariff Strategy Evaluation18:51 - Strategic Tariff Implications22:00 - Fiscal QE Definition and Impact29:38 - Fiscal QE and Fed Policy Conflict32:37 - Unemployment and Recession Risks38:18 - Fiscal QE's Market and Economic Effects44:32 - Bond Crisis and Economic Outlook46:40 - Financial Repression and Stablecoins50:06 - Investment Implications58:32 - Closing and Resources1:01:17 - Parting Advice on Health and Wealth_____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.

On this week's episode of The Rate Guy we discuss this week's inflation data, GDP, the effect of the Big Beautiful Bill on the 10T and could QE be an option to cutting rates. 

The country's top bank regulators have proposed a major change to the banking rules. Some say this is like a stealth QE, everyone else appears equally confused. We'll get into what the new changes mean. More important, where these various ratios came from and why bank they are so hyped when they really shouldn't be. Eurodollar University's Make It Make Cents*****If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/************You can still watch the webinar replay here:https://event.webinarjam.com/go/replay/29/3y5kpclzi20tz1t5******https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

In this episode, Parasar Saha founder and CEO of Digy4 shares insights from his journeys across multiple countries, meeting with global enterprises to uncover real-world challenges teams face in achieving quality at scale. The discussion dives into the importance of data visibility, the pitfalls of focusing on the sheer quantity of tests over their real value, and how testers can transform technical data into business outcomes that resonate with the C-suite. Parasar reveals why most organizations struggle with fragmented tools, overwhelming data, and telling a compelling story about quality's business impact—even in the age of AI. Whether you're looking to elevate the role of QE in your organization, make your testing results more meaningful, or simply want to know how to get a seat at the executive table, this conversation is packed with practical advice and thought-provoking strategies. Tune in and discover how measuring the right things, and telling the right story,can take your automation efforts (and your career) to the next level!

Some of the most insightful investment conversations start with a single question: “What do you believe that most of your peers disagree with?” In this episode of Excess Returns, Jack Forehand and Matt Zeigler dive into 11 controversial investing takes—from QE and technical analysis to macro obsession and fee structures. You'll hear nuanced perspectives from top investors who challenge conventional wisdom, and you might even find yourself rethinking your own beliefs.

欢迎收听雪球出品的财经有深度，雪球，国内领先的集投资交流交易一体的综合财富管理平台，聪明的投资者都在这里。今天分享的内容叫有色金属，降息预期下的投资思考，来自十年财务自由之路。6月28日，受美国232条款铜进口调查影响，交易商将创纪录的铜运往美国，以规避潜在进口关税，这导致非美地区出现短缺。“抢铜大战”爆发，伦敦金属交易所的可交割库存规模已大幅暴跌约80%，目前仅相当于全球一天的用量。受此影响，所谓的明日/次日价差指标周四进一步攀升至惊人的每吨溢价98美元，创下了自2021年伦敦金属交易所遭遇历史性轧空风暴以来的最高水平。传导至A股，本周五工业金属板块大涨3.57%，有色板块成为今年涨幅最好的板块。有色板块，主要包括以黄金为代表的贵金属、以铜铝为代表的工业金属和以镍锂为代表的金属品种。平安证券研报认为：以黄金为代表的贵金属，受益于美元信用体系弱化等核心主线，价格中枢有望持续抬升；以铜铝为代表的工业金属，受益于QE及自身基本面逻辑，弹性有望加速释放。以镍锂为代表的能源金属，商品属性仍为定价核心要素，考虑到处于出清周期内，仍需等待基本面驱动。工业金属，尤其是铜，是我想要一探究竟的。工业金属具备金融和商品两方面属性，金融属性主要受美联储加息降息影响，商品属性主要体现在供需格局方面。Ⅰ：量化宽松量化宽松对于大宗商品的传导路径如下，大宗商品多以美元计价，美元指数走弱对大宗商品定价有显著影响，主要体现在推高以美元计价的大宗商品价格。过去几年，美债利率一直维持在高位，虹吸全球流动性。随着降息预期将近，释放的流动性必然会寻求新的价值洼地，处在高位的美股到时将会面临压力。Ⅱ：供需格局商品属性，主要体现在供需格局。供给多了，价格自然下降。供给少了，需求上来了，商品价格自然涨起来。对于以铜铝为代表的工业金属，供给是相对受限的。以铜为例，供给端：海外主要铜矿企业2025年Q1产量总体下行，2025年计划产量较2024年实际产量多现回落。从海外主要头部铜矿企业表现来看，除必和必拓、力拓以及安托法加斯塔外，多数矿企2025年Q1铜产量环比现小增或大幅下降，样本总计Q1铜产量同比下降3.5%。全年维度来看，预计铜产量合计1013.7万吨，较2024年同比下降2%。需求端：铜广泛应用于电力、建筑、电子、交通、机械、能源、家电及高科技领域。2025年，前十名铜消费国家分别是中国、美国13%、日本10%、印度，7%；德国6%，韩国5%，俄罗斯4%，巴西、加拿大、墨西哥各占3%中国，作为全球最大的铜消费国，中国的铜消费量在2024年达到约1200万吨，占全球总消费量的约44%。从整体来看，不管是中国经济发力基建，还是全球，需求相对还是可以的。铜库存，短期承压。针对铜价后续走势，高盛表示，将2025年下半年LME铜价预测上调至平均9890美元每吨，并预计铜价有望在8月达到10050美元每吨的峰值。目前不管是从QE还是供给端，都是对铜有利的。铜金属龙头股有哪些？紫金矿业——全球扩张的“矿业联合国”作为中国唯一跻身全球前五的铜业巨头，紫金矿业在五大洲布局铜矿资产，6200万吨铜资源储量占全国半壁江山。其西藏巨龙铜矿二期投产后，矿产铜产能将突破60万吨/年，2025年全球产量目标直指115万吨。确定性和估值都还不错。江西铜业——全产业链的“定海神针”国内最大综合性铜企，拥有从矿山到深加工的完整产业链。140万吨阴极铜产能稳居行业首位，铜矿自给率超40%构筑成本护城河。优点是估值低，不足之处，铜加工环节利润率过低。洛阳钼业——新能源金属的“双核引擎”刚果TFM与KFM铜矿构成全球级资源组合，铜金属资源量超3444万吨。2024年铜钴产量突破60万吨，与宁德时代合作锁定新能源金属供应渠道。西部矿业——盐湖提锂的“跨界先锋”青海铜矿开发主力军，铜产品贡献67%营收，高弹性特质使其在铜价上涨周期业绩爆发力显著。锡铁山铅锌矿伴生铜资源实现综合回收，吨矿净利提升20%。盐湖提锂技术嫁接矿业开发，形成“铜+锂”双轮驱动模式，资源综合利用能力构筑独特竞争壁垒。

Tom Bodrovics welcomes back Adrian Day, CEO of Adrian Day Asset Management and Manager of the Euro Pacific Gold Fund, to discuss the economic and monetary landscape under President Trump's second term, the implications of tariffs, and the outlook for gold and other commodities. Adrian begins by addressing the potential impact of Trump's trade policies, particularly tariffs, on inflation and the global financial system. He argues that while tariffs are often seen as inflationary, they can be deflationary by reducing demand for certain goods. However, he warns that a weakening U.S. dollar and a potential loss of its reserve currency status could lead to higher inflation domestically, as dollars previously held abroad return to the U.S. Adrian emphasizes that while the U.S. dollar's dominance is not immediately threatened, Trump's policies could accelerate its decline, with significant consequences for the economy. The conversation then shifts to the U.S. debt market, where Adrian highlights the challenges of financing the growing deficit. He notes that major buyers of U.S. Treasuries, such as China and Japan, are reducing their holdings, and domestic buyers like regional banks and the Federal Reserve are also pulling back. This could lead to higher interest rates and increased pressure on the U.S. economy. Adrian predicts that the Federal Reserve may eventually return to quantitative easing (QE) to support the bond market, which would be bullish for gold. He also discusses the disconnect between gold prices and gold mining stocks, attributing it to the lack of participation from North American investors. However, he believes this is changing as economic conditions shift, with gold stocks offering significant value and expanding margins. Adrian also touches on other commodities, particularly copper and uranium, which he sees as critical for the global energy transition. He concludes by advising investors to focus on value rather than price, emphasizing that the gold market is still in its early stages of a bull run. Timestamps:0:00:00 - Introduction00:01:22 - Trump & U.S. Trade Policy00:06:30 - Multi Res. Currency World00:09:13 - A Bretton Woods Event?00:13:42 - Cad. Dairy & Tariffs00:15:57 - U.S. Economic Concerns?00:22:12 - U.S. Debt Global Outlook00:34:26 - Fed Rates & Q.E.00:40:20 - Gold & Market Participants00:45:28 - Gold Sentiment00:48:28 - Gold & Geopolitical Risk00:51:58 - Monetary Response & Gold00:54:39 - Gold Price & Mining Equities01:00:29 - GSR, Silver, & Cycles01:05:02 - Royalty Companies & Value01:07:30 - Capital & Explorers01:10:42 - Other Sectors/Countries01:16:12 - Concluding Thoughts Guest Links:Website: https://adrianday.com/ Adrian Day is considered a pioneer in promoting the benefits of global investing in the United Kingdom. A native of London, after graduating with honors from the London School of Economics, Mr. Day spent many years as a financial investment writer, where he gained a large following for his expertise in searching out unusual investment opportunities around the world. He has also authored two books on the subject of global investing: International Investment Opportunities: How and Where to Invest Overseas Successfully and Investing Without Borders. His latest book, widely praised by readers, is Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risks (Wiley, 2010). Mr. Day is a recognized authority in both global and resource investing. He is frequently interviewed by the press, domestically and abroad. He is a popular speaker and is frequently invited to lecture at financial conferences and seminars around the world. His pleasures include fine dining, reading (especially history), and the opera.

Sometimes you think you know a game before you've played it. Sometimes all your assumptions were correct, and it works its way into your heart anyway. Tara (Tara's Bad Luck Club) joins us to talk about games that won us over despite being decidedly not our type. Kenan tells us about the trick-taker that helped him make sense of trick-taking. Alba quizzes us on our knowledge on non-existent bands. Then we reveal the exceptions to our rules and all of yours. Topics include tapping into nostalgia, family gaming traditions, My Favorite Things, Ra, For Sale, Power Grid, Rising Sun, pacing in bidding games, grudges that extend into replays, Landmarks, Codenames, limited communication, the entertainment value of miscommunication, putting a map on it, games that depend on shared references, gaming with moms, Magic Maze, real-time games, Bullet, buyer's remorse, QE, Nidavellir, whether set collection is for babies, big teaches, whether word association is for normies, Bohnanza and negotiation, One Night Ultimate Werewolf and Blood on the Clocktower and Shifted and Feed the Kraken and social deduction, Invincible and bag-building and IP's, That's Not a Hat and party games, Spirit Island and Sky Team and Last Bastion and co-op games, whether memory is for babies, whether you should ever play three card monte (spoiler: no), whether life is a game worth playing (spoiler: yes), whether exceptions prove rules (spoiler: sorta), and whether our biases need to be re-examined (spoiler: no). Hosted on Acast. See acast.com/privacy for more information.

Deezy goes over what has been the easiest signal to trade for altcoins, Quantitative Easing. The US government's action this week is setting the stage for yet another round of QE. Make sure you're prepared this time! 

In this episode, host Sandy Vance sits down with Rob Stein of C2 Solutions, a division of Intellias, to explore how smart hospitals and connected device technology are reshaping the future of healthcare—both inside the hospital room and across rural communities.From defining what makes a hospital truly "smart" to navigating the challenges of interoperability and integration, this conversation offers a clear-eyed look at what it takes to go digital in healthcare today. Rob shares how Intellias is helping healthcare organizations modernize infrastructure, drive better patient outcomes, and expand care delivery beyond hospital walls.Whether you're a health IT leader, provider, or innovator looking to stay ahead of digital trends, this episode offers insights into the real-world challenges and opportunities of building smarter, more connected care systems.In this episode, they talk about:

Send us a textThe fuse is already burning.This isn't empire. This is captivity masquerading as privilege. For decades, the dollar system was sold as sovereign strength. But behind the curtain, it was scaffolding, a fragile architecture supporting global imbalances that no one dared to fix.China floods us with goods. We print the debt. They hoard the collateral. This isn't trade. It's a hostage exchange. America supplies the deficits; the world returns them as liabilities. The Fed isn't king. The Fed is janitor.QE wasn't stimulus. QE was retaliation. It crushed real rates, drained foreign rentiers, and exposed the parasitic model for what it was: tribute disguised as liquidity. The pegs were never anchors, they were fuses waiting for ignition. A conduit for sovereign retaliation.External price fixed. Target domestic prices. A massive property bubble. Chinese Metropolises flaring incandescently.China's yuan weakens not to grow, but to survive. Devaluation at the bottom isn't stimulus. It's deflationary warfare. Japan faces its own reckoning. The yen's collapse is no longer unthinkable. The credibility of their collateral is evaporating. The capital flow reverses. The bid on Treasuries vanishes.And so the Fed faces its final choice: defend equities or defend the sovereign bond. There will be no third option. Duration is destiny. The safe asset becomes the kill switch.This is no longer a functioning market. It's a monetary knife fight. AI roars forward. Capital misallocates. Asset bubbles swell as wages stagnate. Consumption shrinks. Inflation morphs into impoverishment.We stand at the ledge: one step from euphoria, one step from collapse. A new 1990s or a new 1930s. The myths are dead. The structures brittle. The old rules obsolete.Exorbitant privilege? That era has closed. The dollar remains but not as a throne. As a contract. As a negotiation. As the final line holding the system together.The park opens in five minutes.Subscribe to Substack before the gates slam shut.

Today, Deezy goes over an almost foolproof signal for altcoins… Quantitative Easing. But what is QE and how does it affect markets? Then Deezy shares an altcoin that might enjoy this new QE environment.

David Rosenberg says the U.S. recession isn't coming, it's already here. In this urgent interview with Trey Reik (Part I of II), Rosenberg explains how trillions in post-COVID stimulus masked economic pain, why that fiscal support is now gone, and how Wall Street is misreading the signals. He breaks down the Fed's biggest policy errors, including Jay Powell's obsession with legacy over leadership. Rosenberg warns that the Fed is ignoring its own Beige Book and that both soft and hard data now point clearly to contraction. From consumer stress and housing unaffordability to labor market weakness and collapsing business investment, the red flags are multiplying. Key topics discussed: Why Rosenberg thinks the recession has already started The Fed's credibility crisis and Powell's “legacy problem” How government stimulus distorted the economy Rising uncertainty from trade and tariffs Housing and labor market red flags The only sector still showing strength: AI and data centers Why Treasuries are his top conviction trade This is Part I of a 2-part interview. Part II will be released next Monday. Subscribe and turn on notifications so you don't miss it! Volatility got you concerned? Get a free portfolio review with Wealthion's endorsed financial advisors at https://bit.ly/45aIwsZ Hard Assets Alliance - The Best Way to Invest in Gold and Silver: https://www.hardassetsalliance.com/?aff=WTH Chapters: 1:02 - The Last Time Rosenberg Was Bullish, and What Changed 5:55 - 2022-2023: The Recession That Never Came. What Went Wrong? 19:47 - Soft Data Says GDP Is Shrinking 26:07 - Are the Job Numbers Real… or a Mirage? 33:03 - Powell's Fed: Legacy or Liability? 38:26 - Was 2021's QE the Biggest Policy Mistake Ever? Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #Economy #Recession #FederalReserve #InterestRates #DavidRosenberg #Markets #Stocks #Bonds #Treasuries #Macro ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

“They're not calling it QE, but that's exactly what it is,” says Michael Gentile, founder partner at Bastion Asset Management. He tells Daniela Cambone that the Fed's quiet purchase of $43 billion in U.S. bonds signals “how precarious the situation” has become—with rising deficits, fewer natural buyers of U.S. debt, and the Fed increasingly forced to intervene. As a result, central banks around the world are rotating out of the U.S. dollar and into physical gold, driving a multi-decade structural shift in global reserve strategy. “We're seeing a multi-year, multi-decade rotation out of U.S. dollar assets into gold,” he states. Watch the full video to discover how to better protect your wealth in these uncertain times. Even better — join Daniela Cambone and Michael live tomorrow (May 29, 2025) in Montreal, Canada for an exclusive conversation on “Building Generational Wealth.” Sign up for the event here:https://www.zeffy.com/en-CA/ticketing/building-generational-wealth

穆迪降評事件過後，至此美國已遭三大信評機構全數降評，美債的供給面有大量到期與大量發債的問題，需求面又有對美國市場信心的疑慮，究竟應該怎麼解讀呢？ 本集邀請美國研究員 Ralice 來聊聊，穆迪降評對市場的影響，以及美債供需的擔憂與風險，最後也將一一解析未來美國在債務、利息、與減税額的三重夾擊下，我們提供的兩大解法！

This week, we discuss the U.S. fiscal pivot, soaring deficits, and what it means for bond markets, Bitcoin, and global capital flows. We also debate whether Japan is the canary in the coal mine for sovereign debt risks, if QE is still politically viable, the housing market crisis, and why Bitcoin and foreign equities may be the only rational long-term trades. Enjoy! — Follow Tyler: https://x.com/Tyler_Neville_ Follow Quinn: https://x.com/qthomp Follow Felix: https://twitter.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx — Weekly Roundup Charts: https://drive.google.com/file/d/1zNQbt0lyXLmZQYf-56mneLpPxFNJ5y7h/view?usp=sharing — Join us at Permissionless IV June 24th - 26th. Use code FG10 for 10% OFF! https://blockworks.co/event/permissionless-iv — Blockdaemon is the gateway to the decentralized economy, securing over $110B in digital assets for 400+ institutions with blockchain nodes, APIs, MPC wallets and vaults, and staking solutions. Learn more: www.blockdaemon.com Arkham is a crypto exchange and a blockchain analytics platform. Arkham allows crypto traders and investors to look inside the wallets of the best traders, largest funds and most influential players in crypto, and then act on that information. Sign up to Arkham: https://auth.arkm.com/register?ref=blockworks Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding. Echo Protocol is the first Bitcoin liquid re-staking and yield layer on MoveVM. As the second-largest protocol on Aptos by TVL, Echo secures nearly half of the network's bridged assets with ~$200M in aBTC minted. Check out https://www.echo-protocol.xyz/ to learn more! — Timestamps: (00:00) Introduction (01:46) Big Beautiful Bill (06:47) There's One Trade (09:39) Ads (Blockdaemon, Aptos, Arkham) (11:21) Government Spending Problem (14:10) US Economic Data (16:55) Housing Market Crisis (22:12) Global Collateral & JGBs (27:21) Food Prices & Labor (30:46) Ads (Blockdaemon, Aptos, Arkham) (33:10) Bond Yields & Inflation (38:32) Liquidity & Collateral Stress (42:03) US Equities Still Safe? (50:37) Final Thoughts — Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

The Dollar Standard, Global Liquidity, and the Coming Economic Reckoning In my expansive and highly accessible conversation with renowned economist Richard Duncan, we discuss the logic behind his long-running critique of the international monetary system, a system Richard calls the Dollar Standard where he explains why current U.S. policy moves, the system could come crashing down.   The Origins of the Dollar Standard and America's “Exorbitant Privilege” The Dollar Standard, Duncan explains, evolved out of the collapse of the Bretton Woods system (implemented after WWII) in 1971. Under Bretton Woods, currencies were pegged to the U.S. dollar, and the dollar was pegged to gold. But when other countries accumulated more dollars than the U.S. had gold, President Nixon suspended dollar convertibility, effectively ending the gold standard.   What replaced it was a floating currency regime and the birth of the Dollar Standard. Crucially, the U.S. began running persistent trade deficits, importing goods and sending dollars abroad. These dollars, in turn, were recycled by foreign central banks, especially in trade surplus countries like China and Japan, into U.S. dollar-denominated assets, primarily Treasuries, but also equities and real estate.   This loop, Duncan argues, created America's “exorbitant privilege”: the ability to fund government spending and consumer imports at artificially low interest rates, because foreign buyers are constantly reinvesting in U.S. debt and assets.   The phrase "exorbitant privilege" was first coined by Valéry Giscard d'Estaing, who later became President of France, but at the time was serving as France's Minister of Finance under President Charles de Gaulle in the 1960s.   He used the term to criticize the unique advantages enjoyed by the United States under the Bretton Woods system, particularly the ability to run persistent deficits by issuing debt in its own currency (the U.S. dollar), while foreign nations had to hold and use those dollars to trade and build reserves.   Giscard and de Gaulle saw this as an unfair financial hegemony that allowed the U.S. to “live beyond its means” at the expense of others. The phrase was intended as a critique but, ironically, it's now often used in a neutral or even admiring tone by economists.   How Global Credit Became a Bubble Machine Duncan makes the case that this system, while benefiting the U.S. enormously, has been fundamentally destabilizing for the rest of the world.   As surplus countries absorb dollar inflows, their central banks convert them into local currency, often by printing their own money. That liquidity ends up in domestic banking systems, fueling excessive credit growth, asset bubbles, and financial crises.   It happened in Japan in the late 1980s. It triggered the Asian Financial Crisis in the late 1990s. And it helped fuel China's real estate boom and the global credit bubble that preceded the 2008 collapse.   Notably, Duncan predicted the 2008 financial crisis in his 2003 book, The Dollar Crisis, warning that runaway global imbalances would eventually lead to a systemic shock. He now argues that post-2008 bailouts and quantitative easing (QE) only expanded the bubble rather than fixing the problem.   Trump's Trade Doctrine: Potential to Destabilize the System Fast forward to 2025: Trump is back in office, and his administration is moving quickly to reshape global trade.   Duncan's concern is that the Trump administration's effort to eliminate the U.S. trade deficit by imposing high tariffs and pursuing a strategic devaluation of the dollar, undermines the very structure that has sustained U.S. prosperity and global financial stability for decades. Why? Because every U.S. trade deficit is matched by a capital inflow. It's a balance-of-payments identity: if the U.S. runs a $1.1 trillion current account deficit, there must be a $1.1 trillion capital surplus (i.e., inflows) to finance it.   Take that away and you choke off the supply of global liquidity that props up asset prices worldwide.   The Doom Loop: What Happens If Capital Stops Flowing In Duncan walks through the scenario: If tariffs succeed in shrinking the trade deficit, dollars stop flowing abroad. Without those dollars, foreign central banks have fewer reserves to recycle into U.S. assets. This reduces demand for Treasuries, pushing interest rates up. Rising rates crush real estate, stocks, and credit-dependent sectors. Simultaneously, trade-surplus economies face a liquidity crunch, leading to job losses, bankruptcies, and potential financial crises. The result? A global depression triggered not by market excess this time, but by deliberate government policy.   Duncan notes that the Trump administration has already blinked once in rolling back tariffs on China after markets began to seize. But the damage to global confidence in the dollar's stability and America's reliability as a trading partner may already be done.   CRE-Specific Risks For CRE professionals, Duncan's framework suggests several key risks: Interest Rate Volatility: If capital inflows decline, Treasury demand will fall and rates may rise, increasing financing costs and repricing assets downward. Foreign Capital Flight: A weakening dollar and escalating trade tensions could lead to foreign divestment from U.S. real estate, especially in coastal gateway cities where foreign investors are dominant. Liquidity Shock: Reduced global liquidity may tighten credit markets, making debt financing harder to access for new acquisitions or refis. Wealth Effect Reversal: Falling stock prices and higher rates could curb consumer spending and investor confidence, affecting retail, hospitality, and housing-linked CRE. Is There a Way Out? Despite the dire tone, Duncan offers a constructive alternative. In his more recent book, The Money Revolution, he advocates using the U.S. government's borrowing capacity, enabled by dollar dominance and low rates, to invest aggressively in future-focused industries: AI, biotech, quantum computing, green energy.   In short: inflate productively, not destructively. Use fiat-financed public investment to grow out of the debt bubble, rather than letting it implode through austerity or protectionism. But he acknowledges that political will may be lacking and that, without it, the only other option will be another round of massive QE when the next crisis hits.   Final Thought Duncan's message is clear: we are not playing by gold standard rules anymore. The U.S. economy, and the world's, runs on confidence, liquidity, and the flow of capital. Disrupt that system and we may find ourselves testing whether the Fed and Treasury can reflate the bubble one more time. *** You may not agree with Richard's perspective but, as a real estate investor, understanding differing points of view helps in underwriting investment risk by incorporating possible downsides into exit strategies.   This is a fascinating and accessible discussion. Tune in if you want to understand the real risks underpinning your real estate investment decisions in the coming months.   *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing.   With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection.    Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000    

Arthur Hayes returns to Bankless for a wide-ranging macro and crypto conversation. We cover why ETH ripped, why the Trump administration might walk away from US treasuries as the global reserve asset, and why capital controls—not tariffs—could redefine the global economic order. Arthur lays out his full thesis on how a massive shift in global liquidity is unfolding, what it means for crypto, and why he's betting big on Bitcoin, gold, and “buying everything” as the money printers rev up again. ------

Crypto News: New Hampshire passes the US' first Bitcoin Reserve Bill. Maxine Waters walks out of Congress Crypto hearing.Show Sponsor - ✅ VeChain is a versatile enterprise-grade L1 smart contract platform https://www.vechain.org/ 

The Survivor Q&A is back for Survivor 48! Each week, patrons can call in to chat with Rob Cesternino about everything going on in the latest episode of Survivor. Patrons will receive the link to watch & call into the show each week. If you are not a patron, you will only be able to watch the show live! This week, we're unlocking the patron show for EVERYONE!