Todd Bubba Horwitz: US Dollar, Inflation, Gold, Bitcoin, Central Bank Digital Currencies
Stansberry Research, Released on 4/17/23
"This is signaling a disaster for privacy, for humans, for people, [and] for citizens," says Todd Bubba Horwitz, founder of bubbatrading.com, following the recent launch of the Universal Monetary Unit at IMF Spring Meetings in Washington, D.C. He says it's a "tragedy" because central bank digital currencies will enable governments to track people "from the day you born until the day you die," arguing that it's just another way of taking freedom away from people. He says that the Fed is expected to raise interest rates again in May and there will be a "major disaster in the equity market" in the next year or so, citing unemployment, stagflation, and high interest rates as major factors. As a result, he says money will flow to gold and silver, helping gold reach new highs this year.
00:00 Yellen's comments on dollar dominance3:39 Saudi Arabia leads up on Russian diesel4:43 Latest inflation data6:15 What will the Fed do?7:23 Gold and bitcoin9:00 The banking sector10:54 What has changed about the banking system?12:59 IMF and UMU15:44 Credit card privacy16:54 Precious metals17:41 Central bank digital currencies18:58 Final thoughts from Bubba20:00 What caused the equity market to suffer?
Todd Horwitz - known as Bubba - is chief market strategist of BubbaTrading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast 'The Bubba Show.' He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.
Todd Bubba Horwitz: US Dollar, Inflation, Gold, Bitcoin, Central Bank Digital Currencies added by Herman James on 04/16/2023View all posts by Herman James ?+'