Professor Steve Hanke joins Daniela Cambone to discuss the current state of the economy and the potential for another banking crisis. He explains why the economy is weaker than the headlines suggest as well as how Fed policies have fueled inflation. Daniela Combone and Prof. Hanke also analyze the risks in the banking sector, the elections, funding the war in Ukraine, and the role of gold. Watch this fascinating discussion you won’t want to miss.
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📖 CHAPTERS:
0:00 Expectation for the Economy
5:00 Quantity Theory of Money
7:38 Weakness in the Labor Market
11:57 Fed’s Narrative on Inflation
20:38 Health of the U.S. Banking Sector
26:05 Argentina’s Economy and Dollarization
30:2 Russian Assets for Ukraine War Aid
32:48 Assessment of the Gold Market
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41 Comments
Thank you Mr. Hanke,the nation in a real mess and people are fed up! PROPAGANDA! so true! Will see restaurants will be closing there doors. Eating out is a luxury anymore. Changes are by DESIGN! 🤔
This didnt age well, dude is FOS
I don’t believe this man. Not one word
The only problem for politicians is if we stop Voting!!!! …so lets make it their problem! ….stop participating and stop voting!!!
Great interview, a passing of knowledge and experience to the audience and I of Professor Hanke's delivery of the state of the Keynesian economic situation. Thank you Daniela for bringing on such an estemed guest.
Inflation is not from supply chain constraints it is 100 % from all the money printing. The FeD printed 10 trillion dollars and the USD strengthened by 20 %. That is just by manipulation by the FED. The fed needs to keep the USD strong so the inflation for the average american does not go back to 10%. One big ponzi scheme.
The government is still pumping billions into the economy and the banks are getting bailed out by the FED. That is why the economy is not in recession yet, and every economist got it wrong. The Fed is doing under table funding and giving black rock a trillion dollars and vanguard to pump into Bitcoin and the stock exchange, which is all inflationary. Yet they say inflation is coming down. Just look at your grocery bill and tell me inflation is coming down all one big political lie.
Wake up people!
Dr Hanke we all know our government is completely corrupt and lies about everything economically and everything else. The only thing I know is to vote the opposite of what we have now. If the people are stupid enough to continue voting in this manner, then we deserve what we are receiving. It's as simple as economics
If it's a theory it can't be considered 100% accurate, it's guessing, despite the historical data, charts, polls etc., to "prove" the theory true or accurate.
right…let`s not help Ukraine and start helping Estonia, Lithuania and Romania in 4 years because, again, of the Russian aggression …so smart! Let`s give Putin what he wants and stop this war, by giving him even more land and natural resources!
Bitcoin fixes this.
Honest conversation. Probably your best interview so far. Thanks
The Christmas 💩?
Hideho
This guy might be smart but he's impossible to listen to…. this interview should be 10 minutes or less. Absolutely painful
It`s a little bit strange situation. Prof. Hanke says, his prediction for recession was the end of 2023 and it did not happen. However when you listen to D. DiMartino Booth, she says US is already in recession since October 2023. So can it be that prof. Hanke`s recession is already there only stock markets haven`t realised it yet?
As long as they can print, what does it matter: We are all going to be poor!
How i wish the interviewer will somehow get in touch with Prof Michael Hudson to grace her show. He has a simplistic way of explaining the state of the US economy today, what led to it and what awaits everyone in the future..😕
John Hopkins joined at the hip with WEF…….
I'm here to learn from the best, Prof Steve Hanke
Everyone is de dollarizing USD. BRICS has a bigger GDP than remaining G7 nations. Besides we’re headed into a commodity super cycle. Everyone wil go to back money by gold you. Know the only real money. It’ll be tokenized.
Great Show, Professor Hanke's insightful analysis is always appreciated !
The FDIC only covers up to $250K per social security number/name. So opening up multiple accounts at different banks will NOT cover your ass! If you have $500K and open up two bank accounts your deposits are only covered up to $250K. And then there is the issue that the FDIC only has pennies on the dollar to cover all bank deposits. Go away “professor”, you’re a UI.
Hey Mr. Hankey, South Park called and they want your bullshit back…
Hey Mr. Hankey, South Park called and they want their bullshit back…. Inflation is NOT 3%. Wake up dude! This is Fed speak and their numbers are all lies. Those of us that live in the real world know for a fact that inflation is at least 15%!
If he’s wrong why are we listening. I can tell this guy isn’t worried about buying groceries. If he got any more relaxed, he would be asleep.Way to call him out Daniela.
What are the odds of a major recession in in a country that the government has been overthrown
So why isn't anyone speaking of the invasion which is draining the major cities? Why isn't there talk of a property tax increase that will drain the middle class and further depress spending? Y'all better vote for Trump to reverse all this nonsense.
Government is the largest employer in the US with many other companies and unions dependent on it. So they have to keep the stock market UP, because the 401k's and pension funds of all these people depend on it. Gov. wants to continue the way it is, and don't want to piss off the people working for it by allowing the stock market to fall. They will print and throw all the dollars into the stock market to keep the people pacified, in the belief that everything will be fine. But it will not be. And the people in charge will know when the financial system starts to fail, and will be the first to cash in by selling their shares while the selling is still good or convert to other currencies, and when the rest of the people wake up Monday morning they'll find out they have nothing.
I had trouble following this gentleman. What is he saying??
Hankey's the man.
Good interview, thanks.
Jim Rickards makes a good point, it's not the money supply by itself but the velocity of that money. 22:00 minutes of the video: Hanke states that the bank loans went down but that's because banks were not lending. The banks can have high money supplies but if it's not going out into the economy for consumption (the velocity of money) then there isn't going to be inflation. It also depends who is receiving that money. Younger people and lower income people consume and spend that money as soon as they get it. When I was young the same day I received my tax rebate I either spent it right away at the pub or on my car. When I was a little older I used it to pay off my student loan. Now, I invest all if it.
Professor Hanke is a breath of fresh air from the homers and paid off talking heads on CNBC, CNN, BBC, and CBS who continue to promote this blue sky narrative.
In quick order he dismissed the none sense being marched out by the FED and politicians that inflation was/is being caused by supply chain issues, commodity prices and greedy companies.
Inflation is always a result of excess fiat money printing.
Banks create money when they make a car loan, mortgage, etc. But isn't that money then destroyed upon payment of the loan balance? This is what I was taught was supposed to happen.
The LIE…this professor tells and is covering for the cabal system…look at thr US when we were on a GOLD STANDARD where money was backed by REAL assets VS the 52 year old shit show by which the Fed prints money at will backed by air and LOANS this to the corrupt US criminal Government who then TAXES WE THE PEOPLE to pay back a foreign bank with out labor The entire financial system is a scam of derivatives and WILL blow up and then we can RSSTORE GOLD BACKED CURRANCY and move on as the BRICS nations are already doing. Gold and Silver are GODS CURRANCY fiat dollars are satanic and fund debts slavery war genocide and crime. This fiat shit show must end.
That was a chart of cpi, NOT inflation, Steve-o. You should know better, professor! CPI is a RESULT of the inflated money supply, not the cause. Somehow, I think the professor is controlled by the fed/treasury. 😢
They have to print money they are in a trap, inflation came down but nothing gies straight up
$7 for quaker oats……………try $12.50 CDN for shredded wheat in Thailand
how does US inflation will goes down if US Govt. borrowing and spending on wars, same time, when USA face recessions? US Feds will have QEs, which increase the inflation. M2 money supply is shrinking, therefore, recession is coming
Great Interview, recently found out Daniella is now with ITM… Watching a second time now with a cup of hot chocolate 😌☕