David Morgan: Your Banks Can Seize Your Money; It's a Failed System Moving to Digital, Know the Risks
Stansberry Research, Released on 4/19/23
"It's impossible to carry on the system as it stands now. We're at the end of the fiat experiment," says David Morgan, founder of themorganreport.com. He says the newly announced Universal Monetary Unit by the IMF demonstrates a monetary structure that's simply replicating the current one. It's "a new failed system" that will allow banks to track transactions more efficiently and monitor everyone. "But it it doesn't change anything," he explains. David remains neutral about the future rule of Ripple in CBDC transactions. However, he also acknowledges that most cryptos are vulnerable "because they're not really anything other than a new form of fiat." In addition, he expects that the Fed is less likely to hike rates again in May and argues that most Fed officials are academics and don't understand the market.
00:00 Bailout and bail in4:59 Banking crisis9:00 How vital are regional banks?12:18 Why would people park money in banking stocks?13:08 Unicoin18:42 Why digital currency now?22:05 De-dollarization?27:00 Gold and China33:04 What will the Fed do next?40:30 How does David lead a simple life?
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get the Skinny on Silver Investing
David Morgan: Your Banks Can Seize Your Money; It's a Failed System Moving to Digital, Know the Risks added by Herman James on 04/18/2023View all posts by Herman James ?+'