This Coming Financial Crisis Is Different: The Fed Has More Tools to Take Your Money - George Gammon
Stansberry Research, Released on 4/22/23
"If you have this contraction in the money supply and we see that continue, then potentially you go into a 1930s type of Great Depression," says George Gammon, macroeconomics expert and host of the Rebel Capitalist Show. He says money supply contracted 20% to 30% during the Great Depression, leading to business failures and a reduction in bank lending... and that is exactly what we are seeing right now. In addition, he argues that the recently announced IMF central bank digital currency serves as a means for the Fed to control and "micromanage the global monetary system." "Instead of holding gold on their balance sheet as a reserve asset, the Federal Reserve would hold digital SDRs," making the transfers and payments across borders much easier. He concludes that the global monetary system has been broken sine 2008 and he predicts a hard landing due to the fragility of the banking system.
00:00 FedNow and CBDCs4:35 Why the push now?8:46 Banking crisis13:23 Central banks buying gold14:11 Threats to the U.S. dollar and CBDCs17:50 Money supply22:43 Consumer Price Index23:44 Are CBDCs illegal?26:02 George's thoughts on investment28:56 Physical gold versus miners
George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and shifted his focus to real estate, where he has remodeled and flipped 40+ properties in and out of the United States. Recently focusing on Medellin, Colombia. He controls a multi million dollar real estate portfolio which focuses on buying distressed properties, remodeling, and selling or renting. Currently, in addition to running his real estate investments, George produces "George Gammon", a YouTube Channel that will help you build and protect wealth through investing, real estate and an extreme dose of the economic RED PILL.
This Coming Financial Crisis Is Different: The Fed Has More Tools to Take Your Money - George Gammon added by Herman James on 04/20/2023View all posts by Herman James ?+'