“There is a huge, huge problem that he knows about that he’s not admitting to,” says George Gammon, a macroeconomics expert and host of the Rebel Capitalist Show, in an interview with Daniela Cambone. He explains that the Fed chairman Jerome Powell pushed back on market expectations for aggressive interest rate cuts because he is either alarmed by a much weaker economy or deeply concerned by a weakening dollar. “Whether that problem… is the dollar being over 100 or the U.S. economy is tanking right now, I don’t know.” He continues that the bond market indicates that the U.S. economy is headed into a hard landing and history indicates that a recession is inevitable. “Every single recession that we have had since 1950 has been preceded by an inversion of the curve,” he states. To navigate the financial uncertainty of 2024, watch the video to discover where Gammon invests 90% of his wealth.
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📖 CHAPTERS:
00:00 Introduction and Discussion of Jerome Powell’s Pivot
06:00 Jerome Powell’s Motivations and Concerns
12:10 The Weakening US Dollar and Potential Implications
22:40 M2 Money Supply and its Significance
26:25 The Fragility of the Banking Sector
29:18 Potential Banking Crisis in 2024
31:25 Other Risks: Geopolitical Tensions and China’s Economy
35:10 Preparing for the Future: T-Bills and Gold
38:07 Conclusion and Holiday Wishes
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do George Gammon buys short term T-bills ?????
just wondering how US Feds can cut rates, same time powell have 2% inflation target, and US Govt. continues to borrow and spending on wars?? And US Congress seizing Russian assets, which cause TRUST issues with USD. also, less countries are buying US debt
Astarte is in the way..n Biden is way to get it done
U r all playingvaround..just like lttle kids..u s o f a nedds tOGo..so simple..or Els der is no new order
Amazing interview
Ty so much for the education.
What about Festivus?
all world govt are communicating for a solution..be it fake election, bank manipulation etc..
Thank you so much, brilliant!
I am 40 years in my trade. I service residential and some commercial glass needs. Most of my work over the past few years has been for vandalism, and also family drug problems (They fight and break windows). Recently they are just getting boarded up, no glass repair, (no money and they will just be broken again)
Further, my family in L.A. Calif are in local trucking business many years, and they say business is dismal, has been dismal for a long time. LISTEN TO ME!, You people have to quit voting for the Marxist sharade hidding in Democrat party. Infected many many years ago.
Gov workers are not worried about recession, they get paid no matter what. But, how do they get paid, with monopoly money. Its time they find out.
GEORGE ROCKS
I don’t think there will be a crash anymore. There is nothing left to crash. Peoples life is already about supporting shelter and food-back to how people lives in dark ages and feudalism. The state/elite tyranny will gradually take away farmers land, people’s property and money. Houses will be divided more and more, we already hear “communal” living or “multi generational” households. Private business has no money, unless supplies the state, which is not really an independent business anymore. Political and economic freedom is gone…so we are in the most “stable” Soviet style feudal system, or call it whatever you want. That is why I say there noting to crash from.
GOLD
It's all about maintaining the Deep State, Global Machine.
Great interview. Jerome is 70 by the way.
How come the debt become asset? I do not understand. GDP is the asset. When debt( the liability) is super larger than the asset, the dollar is go up? Nonsense.
Sorry for getting complicated but any overall “inflation rate” is not only manipulated downwards but it’s a bit of a fallacy….prices for different goods and services differ, some quite a bit more than others ( housing prices for instance)…the purchasing power of currency is not only usually diminishing, but it’s diminishing at different rates for different things, the big central banks have a official mandate to at least try to control that differential “inflation rate” and keep it relatively stable…not only have they failed miserably but it can’t be done,it can only be influenced, that influence though can most definitely go one way or another ( especially when the legal department declares a “pandemic”)
Thanks for a good interview with a great guest
George what are you doing when you buy treasuries?…you are funding the US government which does crowd out other sources that could do with that funding……a government that funds war that I would suggest ( but obviously don’t know ) most Americans don’t want,by the way that working population gives value to any national currency ( full faith and credit of the Nation) …talk about no taxation without representation………there’s no representation,but there’s definitely “money” laundering schemes (Ukraine) and it’s obvious,and American foreign policy really doesn’t look that much American 😉
Here’s an analogy about the purchasing power of the dollar……think of the dollar in terms of electrical voltage,measurement of electrical voltage is always between two points,so the dollar can be a live (hot) wire and gold ( it’s as near as we can get to a absolute zero because of it’s stability) is the earth (ground)….when that live (hot) wire is measured to earth that’s one measurement however if we introduce two more live wires ( 3 phase systems) we can then measure the first live (hot) wire against two other live wires and get two more voltage measurements…..this extra two live wires can be thought of as two different fiat currencies and that voltage measurement is the relative strength between the dollar and any other two fiat currencies but although that is good for certain things (going on holiday for instance and you need foreign fiat currency) it doesn’t take in the strength of the dollar against gold or goods and services ( live to earth measurement) I know it’s not completely as simple as this ( relative dollar strength does affect imports and exports) but it does get a easy point across
Talking about dialed in… George Gammon
there is much discussion across many finance platforms about the U.S. banking landscape being rocky/near collapse. I am in Canada, and all the banks here (much fewer than in the U.S.) all report record year over year profits, even though our indebtedness as a nation is almost the highest in the world. Can anyone explain this? are Canadian banks in trouble as well?
george is talking sense – but most economies are just just made up and munipulated – its been over in reality since 2008 and yet were here