Episode Details

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

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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 C