“I am worried that we have entered a period of higher and higher inflation and we have all the secular pressures for that,” David Daglio, former CIO of Mellon and strategic advisor for TwinFocus, reveals to Daniela Cambone. He highlights that we might be approaching a “Bretton Woods moment,” indicating a significant shift in the global economic order reminiscent of the 1944 Bretton Woods Conference.
Daglio emphasizes the pivotal moment of seizing $600 billion from Russian citizens during the Ukraine war, which marked the U.S.’s first use of currency as a geopolitical weapon. This bold action has sent shockwaves through global markets, fundamentally changing how countries view the reliability of the U.S. dollar. In light of these instabilities, David asserts that gold “is the most overlooked straight-up asset I have ever seen.”
Watch the eye-opening conversation to learn about the future of our global economy and the potential impact on your investments!
📞 ACT NOW, BEFORE IT’S TOO LATE: David Daglio stresses that the economic system is on shaky ground, and gold is your best defense. As the global debt bubble looms, protect your future by investing in physical gold and silver. Learn how today: or call 866-706-9061
“ITM did a great job of educating me on the history of the dollar, the financial markets, the banks, gold, and the laws so that I had a better understanding of things.” – Kristen W.
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📖 CHAPTERS:
00:00 Why hasn’t Wall Street embraced gold?
3:00 The Fed’s rate cutting
6:36 Jay Powell’s ego
7:29 Bretton Woods II moment
9:15 Investment strategies
10:11 US debt
12:06 Economic outlook for next 5 years
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30 Comments
Who do they owe $37 trillions of debt to exactly?
A better way to look at the theft of Russian securities as really a default! The US is selectively defaulting on its treasury debt! The war is just a cover story . The US has to default on all its debt especially overseas owned debt so this is just a start. Soon foreigners will not buy US bonds so the Fed will be forced to print the money for this. Inflation will skyrocket! This is also a key part of the default!
"you don't want to be in restaurants with long lines"?? don't mean to pick on one comment here, but actually that's exactly what you want to do as an investor in restaurant stocks! clearly David is not a growth investor and/or doesn't have a lot of experience investing in restaurant stocks. disclosure, I bought CMG under $1 ($47/sh pre split). one of by best investments. I bought it when there were long lines out the door.
Fact Check Needed: "Never weaponized the money?" is wrong what he should have said is we've never weaponized the dollar against a G8/7 country but in 3rd world/dev. countries that's what has always been used.
If you look at the global looting class satan-stupid sociopaths, and you want to bet against them….gold is one way to do so.
More Daniela🎉
Why do you think all these Wars started, they want to reboot, & eliminate a few million along the way, all these War are part of the plan, i mean Wars everywhere @ the same time, now come on.
I invest in potatoes
Why do so many (supposedly) smart people continue to believe that the Fed is a benevolent entity that is trying to do what's best for our country/economy? Do they not know the true history of the Federal Reserve? Do they not know that they are supporting and perpetuating an unconstitutional institution that usurped the government of this once Constitutional Republic and steadily syphoned the wealth of the resources of our land and labor since its inception?
– "This Federal Reserve Act establishes the most gigantic trust on earth. When the President (Wilson) signs this bill the invisible government of the Monetary Power will be legalized." – Congressman Charles A. Lindbergh, referring to the Federal Reserve Act, Congressional Record, Vol. 51, p. 1446. (December 22, 1913)
– "The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money." Charles Lindbergh
– "Under the Federal Reserve Act, panics are scientifically created. The present panic is the first scientific one, worked out as we figure a mathematical equation." – Congressman Charles A. Lindbergh, The Economic Pinch, 1921)
– "Some people think the Federal Reserve Banks are US government institutions. They are not. They are private credit monopolies which prey upon the people of the US for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will." – Congressman Louis Thomas McFadden, Congressional Record (1933)
– "We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it." – Louis Thomas McFadden, Congressional Record (1933)
– "It [the depression] was not accidental. It was a carefully contrived occurrence worked out as one works out a mathematical equation. The international bankers sought to bring about a condition of despair here so that they might emerge as the rulers of us all." – Louis Thomas McFadden, Congressional Record (1933)
– "The Federal Reserve is one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the international bankers." – Former Congressman, Louis Thomas McFadden, Congressional Record (1933)
– "The truth is the Federal Reserve Board has usurped the Government of the United States. It controls everything here and it controls all our foreign relations. It makes and breaks government at will." – Congressman Louis T McFadden, Congressional Record (1933)
– "Mr. Chairman, when the Fed was passed, the people of these United States did not perceive that a world system was being set up here… and that this country was to supply the financial power to an international superstate." – Louis Thomas McFadden, Congressional Record (1933)
Enough gold has been amassed for all central banks to return to a gold backing standard for the currencies, just wait and see…
Enjoyed his outlook. Thanks Daniela!
Great guest!! More of this guy!! I picked up Cameco when it was down at 38 recently and am very happy with that purchase.
I would love to see him and Joel on to discuss together, can you make that happen?!?
But the central banks are totally the cause of inflation . this conversation is getting a bit absurd
❤
GOLD MEANS WALL STREET CANT TURN IT INTO A FINALIZED PIECE OF SHIT JUST LIKE THEY HAVE WITH EVERYTHING ELSE!
Cool
Gold to 3000 (silver will get squeeze soon as well)
hehehe A cup of coffee in Tokyo is $5.50, but yehh
Uranium?? 😅 Paper or physical??
You do realize the fed is absolutely illegal?
2024-2025 GLOBAL PHYSICAL SILVER SQUEEZE !!!
( the Petrodollar is gone ! )
MMT – Modern Monetary Theory, will you delve into this process.
This guy makes too many excuses for the Fed.. this whole thing is planned out to steal all our wealth
1997/8, 2007/8, 2018/9… 2027 seem to be a popular doomporn year by far
Gold, Silver, XRP, Bitcoin, lead, bread and ammo..and of course other commodities…Cash at the crash is always King.
You are so bloody naive to think WS is ignoring Gold is some sort of a mistake or an accident 😊
The criminal WS is already owned by the govt & the criminal Fed, just as is the criminal MSM😊
This country is full of stupid sh#heads who can’t see 1” forward, stop yapping & start using your stupid brains for a change 😊😊
Wall Street in general doesn’t make any money for our brokers and other institutions. Also gold and silver preach problems in the economy. Basically not good for business. We have a huge problem financially for towards a decade…..pretty simple. Interest rates will be low with a continual inflation disparity.
I'm still trying to figure out why we have a foreign corporation lending us currency that is created by them from nothing and why we are in perpetual war and why we even want to reboot this toxic arrangement that has asset stripped us to nothing.
If you know what to do 😂😂
But the 12 apes are so dumb, they don't know what is mean ego😅😅😅
8 pounds of Silver in NATO Ballistic Missiles
8 banks suppressing the price of Silver