“It ends with the banks looking like they did at the end of World War II… half of their book was government bonds,” says R. Christopher Whalen, investment banker and author. In a conversation with Daniela Cambone, he breaks down the systemic risks emerging in the treasury market. “Today the treasury market is basically a carry trade with a lot of hedge funds using 100 to 1 leverage. That’s the market for treasury debt,” he explains, pointing to the fragility of the current system.
Whalen also argues that the Bretton Woods framework has eroded and that the dollar’s dominance is waning. “This dollar Imperium has run its course.” He believes central banks — including the U.S. Federal Reserve — should diversify their reserves to include gold alongside major currencies like the dollar, euro, and yen. He views gold as a strategic reserve asset with untapped financial utility. “I hope… the BIS is going to recognize gold as a high-quality liquid asset… it would become eligible to be collateral in swaps,” he says.
Key Topics:
– President Trump and Powell were going to cross swords.
– The Fed struggles to manage the economy and rates.
– Multifamily real estate is the subprime today.
– The Fed should be holding gold.
– The dollar is attractive because of our marketplace.
– National debt has tripled in 15 years.
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📖 CHAPTERS:
Chapters:
00:00 Trump and Powell
4:26 US dollar
5:31 Andrew Jackson
7:43 Weaker dollar
8:59 High inflation
9:38 Treasury market
11:44 Banking system
12:27 Financial system reset
14:56 Gold
19:46 Housing market
21:21 National debt
25:58 BRICS
26:58 Concluding words
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48 Comments
📖 FREE GUIDE: Discover Daniela Cambone's Top 10 Essential Lessons for Safeguarding Your Wealth in Uncertain Times: Visit https://www.danireport.com/
he make me laugh, trumps vision !!!! lolol trump doesnt have any vision lol, he knows fu… all in managing a country, he went bankrupt 6 times after inherit billions… he is an ignorant traitor… he is nethanyahu s puppet thats it… the only thing he want is steal everything he can… wake up ta…
Bail out or bail in?????
$2 Trillion will not be enough to cover the banks positions in derivatives, which is somewhere between $80T and $100T, when the market crashes. Real estate is already crashing and this guy is just so far out of the loop that he he is delusional. In 2008-2009 banks only covered $3T in derivatives and the fed bailed them out at that time to the tune of something just shy of $1T. There is no possible way that the fed can cover the coming loses of that magnatude ($80T). That means that the banks will fail and that the FDIC will not be able to cover their obligations. Consider the tech bubble, the real estate bubble, the stock market bubble, continuous government overspending, the bond bubble, and you are looney tune if you think that there won't be a historical crash. This guy is saying that Russia is buying gold. WTF??? Russia is paying 40% of their budget to finance the war against Ukraine. Please tell me where are they getting money to BUY gold. They will be selling gold in order to just survive as a country.
Russia's collapse may be the single event that keeps the rest of the world economy from tanking, because they will have no more economic power and it will mean the end of BRICS. That may bouy up the USD, but that is little consolation with what we are about to experience.
Wow, that was a great interview
wow, lots of half-truths and even serious errors, the problem with such discussion is that the speaker is biased and don't really know the whole situation, for those listening, please look for other discussion that speaks for the other side, to really know what is the true situation one must hear both sides and then do a critical comparison, or else be prepared to be brainwashed and ignorant of the truth.
Brics will form but for how long, how long can a bunch of thieves get along, the answere is they wont eventually one will f-ck the other!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Daniela its ok to smile once in a while.
Is he a Republican?
Once upon a time Adam Smith pioneer and founder of Liberalism declared that Labor is the source of all wealth. Today, under the usurious, speculative Fed/Wall St. system, the Labor Force is broken. Why is it acceptable 'Liberalism' when market forces drive up the price of speculative assets as usury destroys the nation's Labor Force, and ultimately America's Main St. economy? our actual existential system.
Don't forget the 2008 Financial Meltdown and its bailout. The Executive, the Fed and the Congress will not confront the necessity to retrieve the lost and Stolen $Trillions whether its in the government or the Wall St. system.
Lowering interest rates means large amount of money printing. That means asset and consumer inflation. The rich get richer and the middle class decays even more. Same ol', same ol'. Standard macroeconomics.
The world won't end,it will be cut down to a few million people roaming around in a nuclear polluted dystopia nightmare on elm st.Don't Worry Be Happy.😊😅😮
They are so bloated with bureaucracy it will be the last thing that happens before Hooversville 21st century takes over.😅😮😢
Alot of the economic problems we have now started with Kennedy,Nixon Carter & those good ole boys who always had to blow money on wars,technology to spy bureaucracy to manipulate just about anything they want to then call it GDP.😮😢
I don't think he is considering BRICS and countries slowly trying to get out od the dollar.
Excellent!!!
I love how he's always laughing.. he's soo in the groove
Why do raising rates the answer ??it’s not! that train left the station 2022
Always love Chris Whalen … Calm, real macro view, smart. Solid. Sane. Funny. Unflappable.
If the dollar weakens, then the cost of petroleum imports go up, further fueling inflation.
Clear eye for the red eye!
Is there any gold in fort knox????????
Hello danelia
This guy is a joke
I see a digital dollar, at least in part, based on gold.
The Fed will need $20 trillion for any bail out. $2t is a joke.
Worthless money created by artificial inflation or/or visversa
This Deep State corruption wants to continue stealing from The Wirld. Trump will end the Debt by ending the Fed.
Did he actually say silver OUTPERFORMING gold… 😳 b
S.
Bailouts are what got us here. Let the banks fail and markets do what they do. Everyone else needs a bailout this go round!!
He's mistaken about China in Africa.
Why not bail the people out instead of the banks?
Trump is sanctioning China . Trying to isolate it and force countries to choose. Some are going away from usa
👍👍👍
What an idiot. Cheering on trump fighting. He's using the people's face as the fking bat!
I feel that this gentleman is talking about horses and cart and we already have cars and airplanes! 😂
The Government Moto today. It's what the country can do for you. Not what you can do for the country.
Then the dollar has to stop being the reserve currency to avoid the inflation that a reserve currency brings. Besides The US is loosing the trust of the world.
Do You think Scott Bessent Becomes the "Manager" that Christopher Mentions that America may Hire?
Guest hasn't been to Asia and Africa ha ha
IMHO: IF "GOLD" HAS ALREADY BEEN DESIGNATED TO BE A "TIER 1 ASSET"…. THEN THEY MUST, BY NOW, ALREADY HAVE SOME "SPECIFIC" "GOLD PRICE" THAT MUST BE THE "OFFICIAL EXCHANGE RATE", (FOR WHATEVER "FIAT CURRENCY OF CHOICE (DOLLAR, EURO, ETC., ETC.)
Oh boy, you if you hadn't lost me at we have our big market, you most certainly did at "we have rule of law"
Presdent Trump going to make me rich! I didn't finish high school and didn't go to college. But Trump will take care of me! All you libtards are going to be crying! 🤣😂🤣
Take ownership positions in each bank that receives help, let them buy their stock back later on.
Thankfully they keep loans and debts legal, it allows corruption and bad actors to prosper. Look at the few that own everything (quietly).
Any country that extracts wealth thru taxation, says inflation is good and your currency buys less each year, monitors you thru 3 letter agencies is a horrible place. They all tell you your country is the best place to live. At some point you should open your eyes.
They'll bring in CBDC that has been testing for over a year
Key point. Gold is money.