Fed Broke Another Central Bank, Global Sovereign Debt Crisis & Financial Turmoil Coming – Ed Dowd

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Edward Dowd, Founding Partner of Phinance Technologies, who warns that the Federal Reserve finally broke something as interest rates remained at 23-year highs for over a year. Dowd explains that during this rate-hike cycle, what ended up breaking was another central bank – the Bank of Japan. He outlines the consequences of this and says the clock has started counting down towards a global debt crisis. Dowd shares his macro outlook while also weighing in on geopolitical tensions and potentially identifying the next ‘Black Swan’ event. He also gives his outlook on banking, projecting more stress and consolidation in the sector. Dowd warns of a scenario that could open the door to a central bank digital currency (CBDC). He also speaks about U.S. elections, the U.S. dollar, Bitcoin and gold. This video is brought to you by Swan Bitcoin Swan Bitcoin IRA - Start Saving Now: https://Swan.com/retire

Watch the video of this interview at- https://youtu.be/Cdom1Of0FMY?si=LDszleNt9-qac7ju

Kitco NEWS

671K subscribers

320,909 views Aug 10, 2024 #Fed #crisis #debt

Follow Michelle Makori on X: @MichelleMakori ( / michellemakori ) Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow ) Follow Edward Dowd on X: @DowdEdward ( / dowdedward ) #Fed #economy #debt #crisis 00:00 Coming Up 01:49 Introduction: The Fed Finally Broke Something 04:01 Fed's Actions and Economic Indicators 06:09 Global Debt Crisis and Japan 09:24 Yen Carry Trade 14:60 Geopolitical Tensions and Economic Implications 23:59 Banking Sector Outlook and CBDC Concerns 29:48 CBDCs 36:55 Macro Outlook 44:14 The Future of the Dollar and De-dollarization 51:11 U.S. Elections __________________________________________________________________ Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news. SUBSCRIBE to our channel to stay up to date on the latest market and industry news. For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at https://www.kitco.com To get market updates on the go, download the Kitco Gold Live! APP - https://applications.kitco.com Stay connected: Twitter - / kitconewsnow Instagram - / kitconews Facebook - / kitconews LinkedIn - / kitconews StockTwits - https://stocktwits.com/kitconews Live gold price and chart: https://www.kitco.com/gold-price-toda... Live silver price and chart: https://www.kitco.com/Silver-price-to... Live crypto market data: https://www.kitco.com/price/crypto/ Learn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: www.kitco.com/advertising Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

--------------------------------------------------------------------

Check out our ACU Patreon page:

https://www.patreon.com/ACUPodcast

HELP ACU SPREAD THE WORD!

Please go to Apple Podcasts and give ACU a 5 star rating. Apple canceled us and now we are clawing our way back to the top. Don’t let the Leftist win. Do it now! Thanks.

Also Rate us on any platform you follow us on. It helps a lot.

Forward this show to friends.

Ways to subscribe to the American Conservative University Podcast

Click here to subscribe via Apple Podcasts

Click here to subscribe via RSS

You can also subscribe via Stitcher

FM Player

Podcast Addict

Tune-in Podcasts

Pandora

Look us up on Amazon Prime

…And Many Other Podcast Aggregators and sites

ACU on Twitter- https://twitter.com/AmerConU . Warning- Explicit and Violent video content.

Please help ACU by submitting your Show ideas.

Email us at americanconservativeuniversity@americanconservativeuniversity.com

Endorsed Charities

--------------------------------------------------------

Pre-Born!

Saving babies and Souls.

https://preborn.org/

OUR MISSION

To glorify Jesus Christ by leading and equipping pregnancy clinics to save more babies and souls.

WHAT WE DO

Pre-Born! partners with life-affirming pregnancy clinics all across the nation. We are designed to strategically impact the abortion industry through the following initiatives:…

--------------------------------------------------------

Help CSI Stamp Out Slavery In Sudan

Join us in our effort to free over 350 slaves. Listeners to the Eric Metaxas Show will remember our annual effort to free Christians who have been enslaved for simply acknowledging Jesus Christ as their Savior. As we celebrate the birth of Christ this Christmas, join us in giving new life to brothers and sisters in Sudan who have enslaved as a result of their faith.

https://csi-usa.org/metaxas

https://csi-usa.org/slavery/

Typical Aid for the Enslaved

A ration of sorghum, a local nutrient-rich staple food
A dairy goat
A “Sack of Hope,” a survival kit containing essential items such as tarp for shelter, a cooking pan, a water canister, a mosquito net, a blanket, a handheld sickle, and fishing hooks.
Release celebrations include prayer and gathering for a meal, and medical care for those in need. The CSI team provides comfort, encouragement, and a shoulder to lean on while they tell their stories and begin their new lives.

Thank you for your compassion Giving the Gift of Freedom and Hope to the Enslaved South Sudanese

--------------------------------------------------------

Food For the Poor

https://foodforthepoor.org/

Help us serve the poorest of the poor

Food For The Poor began in 1982 in Jamaica. Today, our interdenominational Christian ministry serves the poor in primarily 17 countries throughout the Caribbean and Latin America. Thanks to our faithful donors, we are able to provide food, housing, healthcare, education, fresh water, emergency relief, micro-enterprise solutions and much more.

We are proud to have fed millions of people and provided more than 15.7 billion dollars in aid.

Our faith inspires us to be an organization built on compassion, and motivated by love. Our mission is to bring relief to the poorest of the poor in the countries where we serve.

We strive to reflect God’s unconditional love. It’s a sacrificial love that embraces all people regardless of race or religion. We believe that we can show His love by serving the “least of these” on this earth as Christ challenged us to do in Matthew 25. We pray that by God’s grace, and with your support, we can continue to bring relief to the suffering and hope to the hopeless.

Report on Food For the Poor by Charity Navigator

https://www.charitynavigator.org/ein/592174510

--------------------------------------------------------

Disclaimer from ACU.

We try to bring to our students and alumni the World’s best Conservative thinkers.

All views expressed belong solely to the author and not necessarily to ACU.

In all issues and relations, we hope to follow the admonitions of Jesus Christ. While striving to expose, warn and contend with evil, we extend the love of God to all of his children.

-----------------------------------------------------------------------------------------

Fed Broke Another Central Bank, Global Sovereign Debt Crisis & Financial Turmoil Coming – Ed Dowd 55:01 Share

American Conservative University

Shownotes Transcript

Fed Broke Another Central Bank, Global Sovereign Debt Crisis & Financial Turmoil Coming – Ed Dowd